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Prominent economist Mohamed El-Erian highlighted Bloomberg Opinion columnist John Authers&#8216; analysis showing how inflation could derail President-elect Donald Trump&#8216;s economic agenda before it begins, as markets await crucial December Consumer Price Index data.
What Happened: El-Erian, Chief Economic Advisor at Allianz, shared Authers&#8217; <a href="https://www.bloomberg.com/opinion/articles/2025-01-14/inflation-could-derail-trump-2-0-before-it-starts">opinion</a> piece on Tuesday revealing stark political divisions in inflation expectations. According to Authers&#8217; analysis of University of Michigan data, Democrats anticipate 4% inflation while Republicans project just 0.1% &#8211; a historically low level not seen in nearly 70 years without major oil price declines.
The December CPI report, due Wednesday, is expected to show headline inflation rising to 2.9% year-over-year from November&#8217;s 2.7%, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42988894/all-eyes-on-december-inflation-betting-odds-signal-risk-of-fed-struggling-to-tame">according to consensus estimates</a>. Core inflation, excluding food and energy, is forecast to hold steady at 3.3%.
Market indicators suggest persistent inflation pressures. Authers notes the 10-year breakeven rate, measuring market-based inflation expectations, has climbed to the top of its two-year range. The University of Michigan&#8217;s consumer survey showed five-year inflation expectations at 3.3%, the highest since 2008.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Given all the focus on US inflation this week, and ahead of tomorrow&#39;s CPI data, here are a few charts from <a href="https://twitter.com/johnauthers?ref_src=twsrc%5Etfw">@johnauthers</a>&#39; Bloomberg Opinion note on &quot;Inflation could derail Trump 2.0 before it starts.&quot;<a href="https://twitter.com/opinion?ref_src=twsrc%5Etfw">@opinion</a> <a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://t.co/2SbNkpkaag">pic.twitter.com/2SbNkpkaag</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1879266780558106697?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/asia/25/01/42993441/south-korean-president-yoon-suk-yeol-arrested-kospi-edges-higher-despite-political-upheaval-won-stable">South Korean President Yoon Suk Yeol Arrested — KOSPI Edges Higher Despite Political Upheaval, Won Stable</a>
Why It Matters: &#8220;If inflation remains sticky, monetary policymakers will be responsible,&#8221; said Joe Lavorgna, former Trump administration economic advisor at SMBC Nikko, questioning the Federal Reserve&#8217;s recent rate cuts despite upward revisions to growth and inflation forecasts.
The inflation outlook complicates Trump&#8217;s proposed economic policies, including planned tariffs that could fuel price pressures. While <a href="https://www.benzinga.com/markets/eurozone/25/01/42900748/us-dollar-drops-on-report-of-trump-tariff-plan-shift">reports show that the Trump team</a> is studying gradual tariff increases under emergency powers, any significant trade barriers could challenge efforts to contain inflation.
Fed funds futures currently show a 55% probability of rate cuts by June 2025, though persistent inflation could delay monetary easing into late 2025 or 2026, potentially constraining <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42988894/all-eyes-on-december-inflation-betting-odds-signal-risk-of-fed-struggling-to-tame">Trump&#8217;s growth initiatives</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42993388/jim-cramer-eyes-quantum-computing-stocks-like-rigetti-after-gamestop-sell-off-warns-against-super-micro-computer-they-are-trying-so-hard-to-walk-it-up-now">Jim Cramer Eyes Quantum Computing Stocks Like Rigetti, Warns Against Super Micro Computer: &#8216;They Are Trying So Hard To Walk It Up Now&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Economics

Trump 2.0 Could Be Thwarted By Inflation, Mohamed El-Erian Notes Ahead Of CPI Data Release

The blockchain-based company Ripple Labs announced a donation of $100,000 worth of XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) tokens on Tuesday to support the wildfire relief efforts in California.
What happened: The San Francisco-headquartered fintech firm said on X that the contributions will be facilitated through philanthropic organizations like The Giving Block, World Central Organization, and GiveDirectly.
Donations made through The Giving Block will be matched 1:1 by Jared Isaacman, founder and CEO of the non-profit's parent company, Shift4.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ripple is donating $100,000 in XRP through <a href="https://twitter.com/TheGivingBlock?ref_src=twsrc%5Etfw">@TheGivingBlock</a> to <a href="https://twitter.com/WCKitchen?ref_src=twsrc%5Etfw">@WCKitchen</a> and <a href="https://twitter.com/GiveDirectly?ref_src=twsrc%5Etfw">@GiveDirectly</a> to aid in wildfire relief efforts in California. Thanks to <a href="https://twitter.com/rookisaacman?ref_src=twsrc%5Etfw">@rookisaacman</a>, our donation will be doubled. You can help families and first responders too. Your crypto, cash and stock…
&mdash; Ripple (@Ripple) <a href="https://twitter.com/Ripple/status/1879196891356807228?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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Matching donations doubles the amount provided by an individual or organization. In this case, the contributions will be matched 1:1 until the $1 million mark has been met. 
While donations will be accepted even after the $ 1 million mark, they won't be eligible for the match.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
Why It Matters: Ripple&#8217;s efforts come at a time when the raging wildfires have caused tremendous damage to life and property. The fires have resulted in <a href="https://www.benzinga.com/25/01/42992642/biden-administration-announces-one-time-770-payments-to-california-wildfire-victims">at least 24 deaths and damage to over 12,000 structures</a>, with the total damage and economic loss estimated to be between $250 billion and $275 billion.
President Joe Biden has announced a <a href="https://www.benzinga.com/25/01/42992642/biden-administration-announces-one-time-770-payments-to-california-wildfire-victims">one-time payment</a> of $770 for victims of the ongoing California wildfires.
Meanwhile, the XRP token rallied to a 7-year high on Tuesday, just 17% shy of its all-time highs. The upsurge was supported by strong demand from whales, who own 37% more XRPs than they did two months ago, according to on-chain analytics firm Santiment.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f433;&#x1f4c8; XRP investors are pleased to see the #3 market cap asset reach $2.69 today for the first time since December 17, 2024. This is being supported by continued enormous accumulation from wallets holding 1M-10M XRP, who own over 37% more coins than they did 2 months ago… <a href="https://t.co/G3a3N5iSAS">pic.twitter.com/G3a3N5iSAS</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1879259323853062640?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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Price Action: At the time of writing, XRP was exchanging hands at $2.82, up 10.86% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Shutterstock
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</ul>

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

Cryptocurrency

Markets

$XRP

Ripple Labs Donates $100K In XRP For California Wildfires Relief, Says Contributions Will Be Doubled

On Tuesday, OpenAI announced the introduction of a beta feature named "Tasks" for ChatGPT.
What Happened: The move marks OpenAI&#8217;s entry into the virtual assistant market, positioning itself against established players like Alphabet Inc.'s (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>) Google Assistant, Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Siri and Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Alexa.
The "Tasks" feature allows ChatGPT users to schedule future tasks, such as setting reminders for events or arranging regular updates like daily weather forecasts.
See Also: <a href="https://www.benzinga.com/tech/25/01/42893958/after-apple-halts-hardware-subscription-plans-samsung-unveils-similar-strategy-for-ai-powered-galaxy-smartphones">After Apple Halts ‘Hardware' Subscription Plans, Samsung Unveils Similar Strategy For AI-Powered Galaxy Smartphones</a>
How To Use The &#8216;Tasks&#8217; Feature
Step I: Select &#8220;GPT-4o with scheduled tasks&#8221; from the model picker.
Step II: Once selected, provide ChatGPT with a message specifying the task and its timing.
Scheduled tasks can be managed directly within the chat or through the &#8220;Tasks&#8221; section in the profile menu. ChatGPT may also suggest tasks based on user interactions, giving users the option to accept or decline as needed.
While scheduling tasks is supported across all platforms using natural language prompts, managing tasks is currently limited to the task manager on the web version. Notifications for scheduled tasks will be delivered via web, desktop, and mobile once set up.
Availability: The Tasks beta is being rolled out globally over the next few days, exclusive to premium users—including Plus, Team, and Pro subscribers. The rollout begins with web access.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The introduction of OpenAI&#8217;s &#8216;Tasks&#8217; feature comes at a time when major tech companies are intensifying their efforts in the AI-driven virtual assistant market.
For example, Apple also decided to <a href="https://www.benzinga.com/media/24/11/42129847/apple-prepares-to-take-on-openais-chatgpt-google-gemini-live-with-llm-siri-in-2025-report">incorporate its &#8220;Apple Intelligence&#8221;</a> into Siri, leveraging ChatGPT&#8217;s capabilities.
Amazon also previously said that it is upgrading Alexa with generative AI capabilities to stay competitive. Last year, Amazon CEO Andy Jassy revealed plans for a <a href="https://www.benzinga.com/markets/equities/24/11/42055771/amazons-ai-powered-alexa-upgrade-faces-latency-compatibility-concerns-report">new version of Alexa</a> that will autonomously perform tasks, expected to launch soon.
In 2023, Google Assistant, the personal assistant integrated into Android and iOS devices, was <a href="https://www.benzinga.com/news/23/10/35094259/google-unveils-assistant-with-bard-powered-by-generative-ai-for-android-ios">boosted with the capabilities</a> of Bard, now called Gemini.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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<li><a href="https://www.benzinga.com/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost">Stephen King Slams Elon Musk's H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost'</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Tech

AAPL

AMZN

GOOG

GOOGL

Siri, Alexa And Google Assistant May Become A Thing Of The Past Thanks To ChatGPT Tasks — Here's How To Use The New Feature

Bitwise&nbsp;Chief Investment Officer&nbsp;Matt Hougan argued on Tuesday that associating the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Treasury reserve strategy solely with MicroStrategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) would be inaccurate, as companies buying the apex cryptocurrency is now a &#8220;bona fide megatrend.&#8221;
What Happened: In a research note, Hougan stated that while the Michael Saylor-led firm walked away with most media attention, as many as 70 publicly traded companies and many private firms had Bitcoin on their balance sheets.
&#8220;I've come away thinking that this is a&nbsp;much&nbsp;bigger trend than most people realize. In fact, I think it's a bona fide megatrend,&#8221; Hougan added.
The analyst underlined that apart from cryptocurrency-focused firms like Coinbase and MARA Holdings, many non-cryptocurrency companies like Elon Musk&#8217;s Tesla have stacked Bitcoin on their books.
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<td>Companies other than MicroStrategy</td>
<td>Latest Bitcoin Acquisition</td>
</tr>
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<td>MARA Holdings</td>
<td>$1.53 billion on Dec. 19, 2024</td>
</tr>
<tr>
<td>KULR Technology Group</td>
<td>$21 million&nbsp;on Jan. 6</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>$510 million on Dec. 13, 2024</td>
</tr>
</tbody>
</table>
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According to <a href="https://bitcointreasuries.net/">BitcoinTreasuries.com</a>, MicroStrategy was the largest corporate holder with over $43 billion in Bitcoin, followed by MARA with $4.36 billion worth of the leading digital asset. Tesla held about $944 million in Bitcoin as of this writing.
Additionally, big private companies like SpaceX also boasted significant Bitcoin holdings, valued at over $800 million.
&#8220;That's significant. It means that, even today, MicroStrategy is less than 50% of the corporate BTC market. I suspect it'll be a small fraction of it eventually,&#8221; Hougan said.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42936962/shytoshi-kusama-outlines-treat-tokens-usefulness-ahead-of-launch-optimistic-whales-buy-up-shiba-inu">Shytoshi Kusama Outlines TREAT Token&#8217;s Usefulness Ahead Of Launch, Optimistic Whales Buy Up Shiba Inu</a>
The reputational risks linked with Bitcoin have considerably lessened in recent months, particularly after Donald Trump&#8217;s victory, with top Washington officials <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">showing increased acceptance of cryptocurrency</a>, Hougan stated.
Moreover, the Financial Accounting Standards&nbsp;Board introduced a new rule in December, <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">changing how Bitcoin&nbsp;is accounted for in GAAP&nbsp;reporting</a>.
Hougan said that these factors could eventually cause the number of firms buying Bitcoin to &#8220;explode&#8221; in the coming years.
Why It Matters: MicroStrategy has been aggressively issuing convertible debt and other fixed-income securities to buy Bitcoin in recent months and appears prepared to employ all corporate maneuvers at its disposal to <a href="https://www.benzinga.com/24/12/42665877/microstrategy-to-hold-special-shareholder-vote-to-support-the-42-billion-bitcoin-acquisition-strategy">bolster its 21/21 plan</a>.
However, the strategy was drawn a fair bit of criticism. 
Arthur Hayes, co-founder of cryptocurrency exchange BitMEX, expressed concerns over MicroStrategy's debt-powered Bitcoin buying strategy. In an interview with&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42963353/michael-saylors-microstrategy-will-struggle-when-bitcoins-volatility-falls-says-arthur-hay">Benzinga</a>, Hayes predicted challenging times for the firm when the top cryptocurrency loses volatility.
Price Action: At the time of writing, Bitcoin was exchanging hands at $96,996.88, up 1.91% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of MicroStrategy rose 4.19% to 342.17 during Tuesday's regular session and were up 0,56% in pre-market trading.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
</ul>

$BTC

MSTR

Michael Saylor's MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: 'It's A Bona Fide Megatrend'

South Korean markets showed resilience Wednesday as President Yoon Suk Yeol was taken into custody, with the benchmark KOSPI rising 0.40% to 2,507.35 amid heightened political uncertainty.
Yoon, 64, was detained at 10:33 a.m. local time by a joint probe team investigating allegations related to his December martial law declaration, marking an unprecedented arrest of a sitting South Korean president. 
The arrest came after an initial failed attempt on Jan. 3 that resulted in a standoff between investigators and presidential security, <a href="https://www.koreaherald.com/article/10390439">reported</a> The Korean Herald.
Despite the political upheaval, major South Korean stocks held steady. SK Hynix Inc. led the gains, climbing 2.31% to 1,99,800 South Korean won ($136.90). Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) rose 0.37% to 54,100 South Korean won ($37.06), while KB Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) gained 0.90%, reaching 89,500 South Korean won ($61.31). Hyundai Motor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HYMTF#OTC">HYMTF</a>) saw a slight decline of 0.23%, trading at 2,21,500 South Korean won ($151.76). 
The iShares MSCI South Korea ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWY#NYSE">EWY</a>), a key indicator for U.S. investors, gained 0.94% on Tuesday.
The Korean won remained stable against the U.S. dollar, trading at 1,460.52 South Korean won, down marginally by 0.063%. 
The arrest warrant for President Yoon, which expires Jan. 21, includes charges of power abuse and insurrection. The investigation is led by the Corruption Investigation Office for High-ranking Officials.
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<li><a href="https://www.benzinga.com/25/01/42993322/elon-musk-faces-sec-lawsuit-for-allegedly-hiding-twitter-stake-allowing-him-to-buy-shares-at-artificially-low-prices">Elon Musk Sued By SEC For Allegedly Hiding Twitter Stake That Allowed Him To Buy Stock At Artificially Low Prices</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

Equities

Government

HYMTF

SSNLF

South Korean President Yoon Suk Yeol Arrested — KOSPI Edges Higher Despite Political Upheaval, Won Stable

Jim Cramer is steering investors toward quantum computing stocks while expressing concerns about Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) amid its auditor changes.
What Happened: The CNBC&#8217;s &#8220;Mad Money&#8221; host announced on X on Tuesday his strategy to reinvest gains from GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) into quantum computing stocks, particularly as Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) saw extraordinary trading volume of 352 million shares against its 280 million outstanding shares. &#8220;They are trying so hard to walk it up now,&#8221; Cramer said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Love it when RGTI, with 280 million shares trades 352 million shares&#8230; And they are trying so hard to walk it up now!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879304699603820876?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Taking Gamestop winnings and piling them into quantum. Why not!!!
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879286856736776618?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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Rigetti&#8217;s stock surged 47.93% to close at $8.95, rebounding from last week&#8217;s sector-wide selloff triggered by cautionary comments from tech leaders. The quantum computing sector, including IonQ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) and D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), showed strong recovery despite recent skepticism from industry giants.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Very typical quantum bounce giving you another exit point
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1879282361436971205?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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This recovery comes after Nvidia Corp. CEO Jensen Huang&#8216;s assessment that practical quantum computing applications might be 15-30 years away, with 20 years being the most likely timeline. Meta Platforms CEO Mark Zuckerberg <a href="https://www.benzinga.com/markets/equities/25/01/42939766/quantum-computing-stocks-tumble-after-mark-zuckerberg-backs-nvidia-ceo-jensen-huangs-practical-c">echoed similar sentiments</a> about the technology&#8217;s current limitations.
Meanwhile, Cramer took a decisive stance against Super Micro Computer, stating <a href="https://www.cnbc.com/2025/01/14/cramers-lightning-round-super-micro-computer-is-a-sell.html">on</a> CNBC, &#8220;Sell. It doesn&#8217;t matter, I don&#8217;t care&#8230;Accounting irregularities equal sell.&#8221; 
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42988617/jpmorgan-vs-wells-fargo-1-stock-technically-stronger-ahead-of-earnings">JPMorgan Vs. Wells Fargo: 1 Bank Stock Technically Stronger Ahead Of Earnings</a>
Why It Matters: Cramer&#8217;s comments follow SMCI&#8217;s recent auditor switch after Ernst &amp; Young&#8216;s unexpected departure in December. The company, known for its partnership with Nvidia, had been facing potential Nasdaq delisting risks due to delayed financial filings before securing a new auditor.
The market reflected these developments with GameStop shares falling 10.15% to $27.88, while Super Micro Computer declined 1.77% to close at $30.53.
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Image made via AI on MidJourney
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IONQ

NVDA

QBTS

RGTI

SMCI

Jim Cramer Eyes Quantum Computing Stocks Like Rigetti, Warns Against Super Micro Computer: 'They Are Trying So Hard To Walk It Up Now'

On Tuesday, the U.S. Securities and Exchange Commission initiated a lawsuit against Elon Musk, accusing him of failing to disclose his substantial stake in Twitter, now rebranded as X.
What Happened: The lawsuit outlines that before Musk completed his <a href="https://www.benzinga.com/general/education/25/01/42794433/if-you-invested-1000-in-dogecoin-when-elon-musk-acquired-twitter-heres-how-much-youd-have-now">$44 million acquisition of Twitter</a> in October 2022, he had already started amassing a significant number of shares.
By March 2022, Musk had acquired over 5% of Twitter&#8217;s common stock, a threshold that required disclosure to the SEC within 10 days.
This alleged non-disclosure allowed Musk to acquire shares at &#8220;artificially low prices,&#8221; according to the SEC.
The complaint, lodged in a federal court in Washington, D.C., accuses Musk and his wealth manager of withholding this crucial information to avoid a potential surge in Twitter&#8217;s stock price.
See Also: <a href="https://www.benzinga.com/25/01/42931833/hewlett-packard-enterprise-strikes-1b-ai-server-deal-with-elon-musks-x-report">Elon Musk&#8217;s X, Hewlett Packard Strike $1 Billion AI Server Deal: Report</a>
This alleged omission enabled Musk to underpay Twitter investors by more than $150 million for his stock purchases during this period.
According to the lawsuit, Musk increased his stake to 7% by purchasing nearly 3.5 million shares on March 25, 2022.
He later joined Twitter&#8217;s board and formally disclosed his stake in early April 2022, by which time he owned over 9% of the company, causing Twitter&#8217;s stock price to rise by more than 27%.
Why It Matters: Last month, <a href="https://www.benzinga.com/government/regulations/24/12/42487993/elon-musk-faces-deadline-to-settle-with-sec-over-twitter-buyout-lawyer-alleges-years-of-harassment">Musk faced a deadline</a> to settle with the SEC over his Twitter buyout, with his lawyer alleging &#8220;years of harassment&#8221; by the agency. The inquiry focused on Musk&#8217;s sale of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares and his growing investment in Twitter before announcing a leveraged buyout of the social media platform in 2022.
In October 2024, the SEC rejected Musk&#8217;s offer to pay $2,923 for <a href="https://www.benzinga.com/news/24/10/41559160/elon-musks-2-9k-offer-rejected-by-sec-agency-requests-judge-to-sanction-billionaire-over-missed-depo">missing a deposition</a> related to his 2022 Twitter purchase, seeking sanctions against him instead.
Musk and Vivek Ramaswamy, co-leading the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42035165/coinbase-ceo-brian-armstrong-says-doge-department-is-a-once-in-a-lifetime-opprtunity-advocates-abolishing-individual-income-tax">Department of Government Efficiency</a>&#8221; in Donald Trump's administration, have previously criticized the SEC, labeling it as a &#8220;weaponized institution.&#8221;&nbsp;Their statement came following the Fifth Circuit Court decision that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42469967/elon-musk-vivek-ramaswamy-slam-sec-just-another-weaponized-institution">SEC exceeded its authority</a> by approving Nasdaq&#8217;s diversity quota policy.
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Image via Shutterstock
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Legal

TSLA

Elon Musk Sued By SEC For Allegedly Hiding Twitter Stake That Allowed Him To Buy Stock At Artificially Low Prices

Leading cryptocurrencies charged higher Tuesday amid softer-than-expected wholesale inflation data.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.53%</td>
<td>$97,071.13</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>+2.83%</td>
<td>$3,219.18</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>+5.58%</td>
<td>$0.3576</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin soared to a weekly high of $97,350 early this morning, holding on to its gains for the remainder of the day.&nbsp;
The dramatic turnaround comes just a day after the leading cryptocurrency slipped below $90,000 for the first time since November 2024.
Ethereum, the second-largest cryptocurrency, reclaimed the $3,200 zone a day after dipping below $3,000.&nbsp;
About $185 million were liquidated from the cryptocurrency market in the last 24 hours, with bearish bets accounting for $122 million.&nbsp;
The percentage of Binance traders going long on Bitcoin dipped from 62% to 55% in the last 24 hours, suggesting that the market was bracing for another correction.
The "Greed" sentiment strengthened from 63 to 70 in the last 24 hours, according to the Crypto Fear &amp; Greed Index
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>ai16z (AI16Z)</td>
<td>+21.07%</td>
<td>$1.36</td>
</tr>
<tr>
<td>DeXe (DEXE)</td>
<td>+20.48%</td>
<td>$16.41</td>
</tr>
<tr>
<td>Kaspa (KAS)</td>
<td>+16.19%</td>
<td>$0.1375</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.36 trillion, rising by 2.77% in the last 24 hours.
Major stock indexes moved north on Tuesday. The Dow Jones Industrial Average rose 221.16 points, or 0.52%, to 42,518.28. The S&amp;P 500 gained 0.11% to close at 5,842.91. The tech-focused Nasdaq Composite was the outlier, ending 0.23% lower at 19,044.39.
The rise followed<a href="https://www.benzinga.com/25/01/42979267/markets-rebound-on-cool-inflation-data-experts-await-wednesdays-cpi"> cooler-than-expected</a> Producer Price Index data for December. Focus shifts to the all-important <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42988894/all-eyes-on-december-inflation-betting-odds-signal-risk-of-fed-struggling-to-tame">Consumer Price Index</a> report, due for release on Wednesday, as investors look for signals about whether the Federal Reserve may soften its interest rate policy.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Rekt Capital noted the importance of Bitcoin's daily close above $91,000.
"The $91000-$101000 range and early-stage higher low on the RSI have been preserved," the analyst remarked. "The exaggerated bullish divergence remains intact."
<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> Daily Close above $91000 secured The $91000-$101000 range and early-stage Higher Low on the RSI have been preserved The exaggerated Bullish Divergence remains intact<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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/UVZFMcEbfh">https://t.co/UVZFMcEbfh</a> <a href="https://t.co/GB3qPmyzrE">pic.twitter.com/GB3qPmyzrE</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1879181211412697600?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another popular cryptocurrency trader, Michaël van de Poppe, expressed optimism that sentiment toward altcoins would shift starting this week.
"The sentiment, in a negative manner, has gone through new roofs, people are expecting the bull market to be over. The ideal climate for altcoins to perform well," he added.
<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">I&#39;m confident the sentiment and climate for <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> is going to shift from these weeks onwards. The sentiment, in a negative manner, has gone through new roofs, people are expecting the bull market to be over. The ideal climate for altcoins to perform well.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1879222698900910080?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by CMP_NZ on Shutterstock
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">Mark Cuban Advocates Bitcoin Over Gold During Economic Turmoil: &#8216;I Think It Has More Value Than Gold&#8217;</a></li>
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Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, And Dogecoin Rebound Sharply On Lighter Inflation Data: Top Trader Says Despite Expectations For Bull Market To Be Over, It's An Ideal Climate For Altcoins.

The U.S. stock market experienced mixed results on Tuesday. The Dow Jones index climbed over 220 points to 42,518.28, while the Nasdaq saw a decline of 0.2% to 19,044.39. The S&amp;P 500 showed modest gains. rising 0.1% to 5,842.91.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Microsoft&#8217;s stock dipped by 0.36%, closing at $415.67. The stock reached an intraday high of $419.74 and a low of $410.72, with a 52-week range between $384.81 and $468.35. The tech giant <a href="https://www.benzinga.com/25/01/42980720/microsoft-taps-meta-veteran-to-lead-new-coreai-division-plans-shift-from-openai-dependence">announced a new engineering organization</a>, CoreAI—Platform and Tools, aimed at enhancing its AI capabilities. This division will integrate various teams to develop the end-to-end Copilot and AI stack, including GitHub Copilot.
Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>).
Applied Digital&#8217;s shares surged 9.98%, closing at $8.54. The stock hit an intraday high of $9.72 and a low of $8.25, with a 52-week range from $2.36 to $11.25. The company reported impressive fiscal second-quarter results, with revenue of $63.9 million, surpassing analyst expectations. The growth was largely driven by its&nbsp;<a href="https://www.benzinga.com/news/earnings/25/01/42990272/applied-digital-q2-earnings-revenue-beat-eps-beat-cloud-services-growth-late-stage-discussions-with-multiple-hyperscalers-and-more">Cloud Services</a>&nbsp;sector, which saw a 523% increase year-over-year.
Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)
Rigetti Computing&#8217;s stock skyrocketed 47.93%, closing at $8.95. It reached an intraday high of $8.97 and a low of $6.56, with a 52-week range of $0.66 to $21.42. The <a href="https://www.benzinga.com/news/25/01/42978003/whats-going-on-with-rigetti-computing-rgti-stock-4">stock rebounded</a> after previous declines, following remarks by Nvidia and Meta executives about the timeline for quantum computing. Despite the uncertainty, Rigetti&#8217;s shares saw a significant boost, reflecting investor optimism in its potential.
Eli Lilly and Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>)
Eli Lilly&#8217;s shares fell 6.59%, closing at $744.91. The stock had an intraday high of $784.23 and a low of $729, with a 52-week range of $612.7 to $972.53. The company reduced its fourth-quarter revenue guidance, expecting $13.5 billion, below previous estimates. Despite this, Eli Lilly anticipates strong sales from its&nbsp;<a href="https://www.benzinga.com/25/01/42976923/eli-lilly-expects-around-55-billion-sales-from-weight-lossdiabetes-drugs-with-overall-topline-growth-of-32-issues-2025-forecast">weight loss and diabetes drugs</a>.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock decreased by 1.72%, closing at $396.36. It reached an intraday high of $422.64 and a low of $394.54, with a 52-week range from $138.80 to $488.54. The company saw a rise in Cybertruck sales, with nearly 39,000 units sold in 2024. However, this success came at the expense of its luxury Model S and X sales, which saw significant declines. The data highlights the impact of the <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">Cybertruck&#8217;s popularity</a> on Tesla&#8217;s overall sales strategy.
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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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>

APLD

MSFT

Microsoft, Applied Digital, Rigetti Computing, Eli Lilly, Tesla: Why These 5 Stocks Are On Investors' Radars Today

SVMH

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

SMXWW

SVMHW

President Biden announced a one-time payment of $770 for victims of the ongoing California wildfires on Monday.
What Happened: The announcement came during a wildfire briefing at the White House on Monday. The President emphasized that the federal support is not waiting for the fires to end, but is being provided immediately, <a href="https://thehill.com/homenews/administration/5084128-california-wildfires-federal-payments/">reported</a> The Hill.
&#8220;We're getting them help right now, as you all know. People impacted by these fires are going to receive a one-time payment of $770, one-time payment, so they quickly purchase things like water, baby formula and prescription,&#8221; said Biden.
According to the President, nearly 6,000 survivors have already registered for the program, and $5.1 million has been disbursed. The Federal Emergency Management Agency activated its Critical Needs Assistance Program last week, which facilitated the initial one-time payment.
Biden also provided updates on the containment of the wildfires, reporting 14% containment in Pacific Palisades, 33% in Pasadena, and 100% in Ventura. He confirmed last week that the federal government will cover 100% of the costs of California's efforts to fight the wildfires for 180 days, extending into the upcoming administration of President-elect Trump.
The announcement comes amidst public disagreements between President-elect Donald Trump and California Gov. Gavin Newsom over the handling of the fires. Newsom has expressed concerns that the incoming administration could withhold disaster aid to California.
See Also: <a href="https://www.benzinga.com/politics/25/01/42991885/joe-bidens-approval-rating-hits-37-ahead-of-white-house-exit-poll-finds-president-made-progress-in-1-of-18-areas">Joe Biden&#8217;s Approval Rating Hits 37% Ahead Of White House Exit, Poll Finds President Made Progress In 1 Of 18 Areas</a>
Why It Matters: The wildfires in California have been a major cause of concern, with the National Weather Service issuing <a href="https://www.benzinga.com/news/legal/25/01/42953761/santa-ana-winds-return-as-la-wildfire-damage-estimates-rise-to-at-least-250-billion-fire-officials-investigate-downed-power-lines">severe fire warnings</a> for Los Angeles County. The fires have resulted in at least 24 deaths and damage to over 12,000 structures, with the total damage and economic loss estimated to be between $250 billion and $275 billion.
Furthermore, the Los Angeles area has been bracing for more &#8220;extreme fire weather&#8221; with high winds of 40 to 70 miles per hour, making the <a href="https://www.benzinga.com/25/01/42983439/la-braces-for-another-extreme-fire-weather-scenario-multiple-lawsuits-filed-against-edison-over-eaton-fire-damages">containment of the wildfires even more challenging</a>. The Eaton Fire and the Palisades Fire were reported to be at 35% and 17% containment respectively, as of Tuesday morning.
Image via Shutterstock
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<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>
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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>

Politics

General

Biden Administration Announces One-Time $770 Payments To California Wildfire Victims

Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) has outperformed the market over the past 15 years by 8.76% on an annualized basis producing an average annual return of 20.25%. Currently, Ensign Group has a market capitalization of $7.65 billion. 
Buying $100 In ENSG: If an investor had bought $100 of ENSG stock 15 years ago, it would be worth $1,571.33 today based on a price of $133.50 for ENSG at the time of writing.
<h3>Ensign Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736898306_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ENSG

Here's How Much You Would Have Made Owning Ensign Group Stock In The Last 15 Years

Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) has outperformed the market over the past 20 years by 1.54% on an annualized basis producing an average annual return of 9.9%. Currently, Charles Schwab has a market capitalization of $132.44 billion. 
Buying $1000 In SCHW: If an investor had bought $1000 of SCHW stock 20 years ago, it would be worth $6,470.48 today based on a price of $72.35 for SCHW at the time of writing.
<h3>Charles Schwab's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736897408_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SCHW

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

What's left on the bucket list of a billionaire who has seemingly done it all? For <a href="https://www.benzinga.com/personal-finance/24/11/42089647/bill-gates-owns-275000-acres-of-farmland-which-grows-potatoes-for-mcdonalds-fries-and-he-eats-them-free-thanks-to-his-rare-mcgold-card">Bill Gates</a>, the answer is unexpectedly simple: "Don't die."
The quip came during a 2013 Reddit AMA (Ask Me Anything), where Gates, then the cochair of the Bill &amp; Melinda Gates Foundation, fielded questions about everything from eradicating polio to his favorite books. Known for his sharp mind and dry humor, Gates didn't miss a beat when asked about his personal bucket list, delivering the kind of witty, understated response he could pull off.
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At the time of the AMA, Gates was still the <a href="https://www.benzinga.com/personal-finance/24/07/39600675/bill-gates-was-the-worlds-richest-man-for-a-record-18-years-his-secret-to-success-saving-like-a-">richest man in the world</a> – a title he'd held for years. With his Microsoft days behind him, his full focus was on philanthropy, tackling some of the world's biggest challenges like global health, education and poverty. So, it's fair to ask: what does someone who can visit Antarctica for fun, tour the Large Hadron Collider with his kids or fund groundbreaking vaccine research want to accomplish next?
Of course, Gates wasn't just thinking about longevity. Throughout the AMA, he offered thoughtful reflections on his work, values and legacy.
For instance, he explained why he and Melinda decided not to leave their children massive inheritances. "I definitely think <a href="https://www.benzinga.com/personal-finance/24/07/40015377/bill-gates-children-will-only-inherit-10-million-0-0077-of-his-net-worth-leaving-kids-massive-am">leaving kids massive amounts of money</a> is not a favor to them," Gates wrote. Inspired by Warren Buffett's perspective, he shared how this philosophy shaped his own approach to wealth and giving. "Some people disagree with this, but Melinda and I feel good about it."
<iframe loading="lazy" height="550px" scrolling="no" src="https://products.gobankingrates.com/pub/7f0b1145-f226-466d-b177-309e9bfa4a82?targeting[category]=&amp;targeting[company_product]=newsgen-article&amp;targeting[pub_inventory]=/personal-finance/25/01/42992135/billionaire-bill-gates-was-asked-whats-left-on-his-bucket-list-he-reveals-theres-only-one-thing-dont-die" width="100%"></iframe>
See Also: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a>
When asked how he measures success at his foundation, Gates pointed to one of his core goals: reducing the number of children under five who die from preventable causes. "Amazingly, as health improves, families choose to have fewer kids," he said, noting the surprising ways improving health impacts broader global issues.
And while he's no longer the code-writing tech visionary who built Microsoft, Gates still enjoys dabbling in programming. "Not as much as I would like to," he admitted when asked if he still codes. "I write some C, C# and some Basic. I am surprised new languages have not made more progress in simplifying programming."
Trending: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
Despite his accomplishments, Gates's answers often revealed a grounded, curious side. He spoke of his love for tennis, bridge and "touring interesting things" with his kids – whether it's a garbage dump or a missile silo. He confessed his favorite book at the time, Steven Pinker's Better Angels of Our Nature and waxed optimistic about the future of energy, education and even robotics.
As one of the wealthiest and most influential people on the planet, Gates could probably write a bucket list that would put everyone else's to shame. But his AMA response distilled a truth that even billionaires can't escape: at the end of the day, the ultimate goal is just to keep going.
"Don't die" – equal parts humor and reality – might be the most relatable thing Gates has ever said.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Billionaire Bill Gates Was Asked What's Left On His Bucket List – He Reveals There's Only One Thing: 'Don't Die'

President-elect Donald Trump's picks for Secretary of State, Secretary of Transportation, Attorney General, CIA Director and Secretary of Energy are set to begin the confirmation process on Wednesday. Here's a look at who will be appearing before Senate committees on as the <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/42956943/trump-cabinet-confirmation-hearings-begin-tuesday-pete-hegseth-doug-collins-up-first">nominations process unrolls.&nbsp;</a>
Secretary Of State: Florida Sen. Marco Rubio will appear before the Senate Foreign Relations Committee, on which he served. Rubio has gained bipartisan support due to his extensive foreign policy and political experience.&nbsp;
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Secretary of Transportation: Former Wisconsin congressman and Fox Business host Sean Duffy will appear before the Senate Commerce, Science and Transportation Committee which oversees the Department of Transportation.&nbsp;
Duffy&#8217;s path to confirmation appears smooth, with support from both Republicans and Democrats on the Commerce Committee, <a href="https://www.politico.com/live-updates/2025/01/07/congress/sean-duffy-confirmation-hearing-00196809">according to</a> Politico.&nbsp;
Some of the topics at the Senate hearing may include electric vehicle policies, discretionary grant programs and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).&nbsp;&nbsp;
Airline stocks, including United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), and EV stocks such as Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) are ones to watch as Duffy's hearing gets underway Wednesday at 10 a.m. ET. 
Attorney General: Pam Bondi, former Florida Attorney General, is Trump&#8217;s choice to serve as the U.S. Attorney General and will appear before the Senate Judicial Committee on Wednesday.&nbsp;
Sen. Dick Durbin has <a href="https://www.judiciary.senate.gov/press/dem/releases/durbin-outlines-concerns-regarding-pam-bondi-trumps-attorney-general-pick-ahead-of-nomination-hearing">expressed concerns</a> regarding Bondi's loyalty to Trump and her potential independence. She will likely face questioning about her commitment to maintaining the Department of Justice&#8217;s independence and impartiality.
CIA Director: John Ratcliffe, former director of national intelligence and former Texas congressman, will go before the Senate Intelligence Committee on Wednesday. Ratcliffe is expected to face less resistance than he saw in 2020 due to his experience and qualifications.&nbsp;
Energy Secretary: Trump's choice to lead the Department of Energy is Chris Wright, fossil fuel executive and founder of fracking company Liberty Energy. Wright's nomination is expected to face questions related to his lack of government experience and fossil fuel background. He has also previously expressed skepticism regarding climate change and renewable energy.&nbsp;
Stocks to watch include oil companies like Exxon Mobil Corp. (NYSE XOM) and Shell Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) as well as solar names like First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) and Sunrun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>).&nbsp;
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Photo: Shutterstock&nbsp;

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Trump Cabinet Confirmation Hearings On Wednesday: Departments Of Transportation, Energy, State; Attorney General, CIA Director

Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) has outperformed the market over the past 20 years by 3.06% on an annualized basis producing an average annual return of 11.42%. Currently, Molina Healthcare has a market capitalization of $16.82 billion. 
Buying $100 In MOH: If an investor had bought $100 of MOH stock 20 years ago, it would be worth $869.74 today based on a price of $294.03 for MOH at the time of writing.
<h3>Molina Healthcare's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736896508_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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

President Joe Biden received low approval ratings and scores on a four-year progress report in two separate voter polls ahead of his exit from the White House on Monday, Jan. 20.
Approval Rating Drops: Biden, who famously <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">dropped out of </a>the 2024 presidential election, will now leave the White House after one term and see the Republican party take over with Donald Trump as the next president.
A new Emerson College <a href="https://emersoncollegepolling.com/january-2025-national-poll-democrats-republicans-and-independents-agree-u-s-is-on-the-wrong-track/">poll </a>showed Biden will likely leave the White House with low approval ratings.
The poll, conducted from Jan. 10 through Jan. 11, found Biden had a 37% job approval rating and 52% disapproval rating as he nears his exit.
Here is the approval ratings by political party, with the remaining percent neutral or no rating:
<ul>
<li>Democrats: 70% approval, 18% disapproval</li>
<li>Republicans: 10% approval, 85% disapproval</li>
<li>Independents: 33% approval, 50% disapproval</li>
</ul>
"President Biden closes his term with an approval rating 12 points lower than the first Emerson national poll in 2021 that measured the president's approval, at 49%," Emerson College Polling executive director Spencer Kimball said.
Since the 2021 poll, Biden's approval rating dropped 16 points for Democrats, two points for Independents and 10 points for Republicans.
The new poll also found that 67% of voters think America is on the wrong track, with 33% saying the country is headed in the right direction. When Biden started his presidency in 2021, 54% of voters thought the country was on the wrong track and 46% thought the country was headed in the right direction.
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Biden Progress Report: A Gallup <a href="https://news.gallup.com/poll/655112/americans-little-progress-key-areas-biden.aspx">poll </a>conducted in December had its results published this week. The poll found that Americans see minimal progress in 18 key areas under Biden's leadership.
The poll asked voters to pick if the country made progress or lost ground during Biden's four years in office and gives a net progress score that is made up of progress minus lost ground.
Across the 18 economic, national and international issues, Biden only had a positive net progress rating for one item, which was the situation for gay, lesbian and transgender people (+16 points).
The worst scoring topics among the 18 questions for Biden on a net rating score were:
<ul>
<li>Federal debt: -56 points</li>
<li>Immigration: -51 points</li>
<li>Gap between the wealthy and less well-off: -50 points</li>
<li>Taxes: -37 points</li>
<li>Economy: -33 points</li>
</ul>
Biden received a score of over 50% saying the country lost ground in many of the topics, including federal debt (67%), immigration (64%), the gap between the wealthy and less well-off (60%), the economy (59%), the U.S. position in the world (58%) and crime (51%).
By political party, Biden saw a positive net rating in 14 of the 18 categories from Democratic voters and saw a positive net rating in 1 of the 18 categories from Republican voters.
Democrats gave Biden the best scores in the categories of energy (+51), nation's infrastructure (+42) and trade relations with other countries (+42). Republicans gave Biden a positive rating on the situation for gay, lesbian and transgender people (+6), while climate change (-22) and race relations (-22) were the next highest-scoring categories.
The Gallup poll offers comparisons between past presidents with the new poll showing the progress the country had from Trump to Biden. Past polls have shown progress made from George W. Bush's second term to Barack Obama and to Trump.
Biden had an average of -27 points for the 18 categories, compared to -12 points for Trump and -12 points for Obama.
Biden saw an improvement in only one of the 18 categories, compared to Trump having six categories improved from Obama's presidency, and Obama having four categories improved from Bush's second term.
Gallup notes that recent presidents have not scored high on the multi-point progress point, even Obama who had "relatively high job approval ratings" when he left office.
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Photo: Shutterstock

Joe Biden's Approval Rating Hits 37% Ahead Of White House Exit, Poll Finds President Made Progress In 1 Of 18 Areas

CAB Payments: P/E Of 5 While Growing More Than 25% A Year

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> could be your ticket to striking it rich. But don&rsquo;t expect easy money! While these thinly traded sub-$5 stocks offer the tantalizing prospect of turning pocket change into a small fortune, finding the diamonds in the rough is easier said than done. This has led to this list of penny stocks to buy.



For every penny stock that skyrockets, there are dozens that fizzle out and leave investors holding the bag. It takes a keen eye and a high-risk tolerance to separate the winners from the losers in this ultra-volatile space. But for those daring enough to try, the potential rewards can be life-changing.



You should steer clear of the cash-burning biotechs and unproven startups that litter this space. Instead, focus on quality businesses with solid fundamentals and a clear path to profitability. These hidden gems may not grab headlines yet, but their underlying growth could soon propel them into the stratosphere once Wall Street catches on.



Now, can you realistically expect a 5X gain by year&rsquo;s end? Probably not &ndash; that would be an exceptional outcome even for a penny stock. But with the right picks, doubling or tripling your money is certainly within the realm of possibility as these undervalued businesses start driving gains. And who knows, you may just uncover the next big multi-bagger that turns your modest stake into a small fortune over the next few years. Let&rsquo;s dive into penny stocks to buy.



<h2>CAB Payments (CABPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/smartphone-mobile-financial-fintech-1600-300x169.jpg" alt="Illustration of phone with dollar sign and other graphics symbolizing fintech displayed on and around it, with a blue background. Fintech Stock Bargains"><div>Source: shutterstock.com/ZinetroN</div></div>CAB Payments (OTCMKTS:<a href="https://investorplace.com/stock-quotes/cabpf-stock-quote/">CABPF</a>) is a U.K.-based company specializing in business-to-business cross-border payments and foreign exchange, particularly in hard-to-reach markets. It operates through Crown Agents Bank, offering products like EMpower FX, EMpower Payments, EMpower Connect, and EMpower Pensions. I believe it&rsquo;s a smart move to buy into this stock as cross-border payments have been rising significantly. International immigration is one major driving force here, coupled with fintech&rsquo;s meteoric rise in popularity. People from remote or obscure countries often struggle to send money back through traditional channels to emerging nations. CABPF specializes in bridging that gap, and as immigration and remittance outflows swell, it seems poised for growth.



While the stock is still down 53% from its highs, it has gained over 150% since October and continues climbing aggressively. <a href="https://www.google.com/finance/quote/CABPF:OTCMKTS">Q4 revenue surged 71%</a>, and analysts expect CABPF to rake in <a href="https://seekingalpha.com/symbol/CABPF/earnings/estimates">$183 million in revenue for all of 2024</a> &ndash; with that figure projected to climb to nearly $250 million by 2026. Their scalable, transparent, and cost-effective products boast an impressive 96% customer retention rate and 150% net revenue retention. Yet despite this torrid growth trajectory, you&rsquo;re paying just 12 times earnings for the stock. That&rsquo;s an absolute steal among penny stocks to buy.



<h2>Stereotaxis (STXS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/biotechnology1600-300x169.png" alt="Biotechnology stocks, biomedical stocks"><div>Source: aslysun / Shutterstock.com</div></div>As I&rsquo;ve said many times before, I typically avoid biotech and pharma companies like the plague. However, this healthcare company doesn&rsquo;t really fall into that category, despite appearances. What Stereotaxis (NYSEMKT:<a href="https://investorplace.com/stock-quotes/stxs-stock-quote/">STXS</a>) does is get involved with robotics &ndash; an area I find far more intriguing. Stereotaxis designs, manufactures, and markets robotic systems and instruments for treating abnormal heart rhythms. Its product lineup includes the Niobe ES Robotic Magnetic Navigation System, the Odyssey solution for information management, and the Vdrive Robotic Navigation System for remotely controlling navigation devices.



More specifically though, I&rsquo;m interested in the penny stocks&rsquo; <a href="https://ir.stereotaxis.com/news-releases/news-release-details/stereotaxis-announces-regulatory-submissions-magic-ablation">MAGiC Catheter potentially gaining approval</a>. The MAGiC catheter is a robotically navigated magnetic interventional ablation catheter designed for minimally invasive cardiac ablation procedures. Its human trial was a resounding success, with all 20 patients achieving acute success and zero adverse events reported. This makes it one of those penny stocks to buy.



Stereotaxis has submitted the MAGiC catheter to regulators in the E.U. and U.S., with expectations of CE Mark approval in May or June. It also plans to submit the semi-mobile robot to regulators in Q2, anticipating European approval by mid-2024 and the U.S. green light in Q3. I believe the stock could continue its bullish tear, having already rallied nearly 63% year-to-date. There&rsquo;s no cash crunch here either, with ample reserves to guide Stereotaxis to profitability. If that MAGiC Catheter gets the regulatory stamp of approval, it could catalyze the next leg higher.



<h2>Creative Realities (CREX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/data-automation-cloud-marketing-300x169.png" alt="An image of a robot reaching toward a laptop, surrounded by chat bubbles and graphs"><div>Source: klyaksun/Shutterstock</div></div>Creative Realities (NASDAQ:<a href="https://investorplace.com/stock-quotes/crex-stock-quote/">CREX</a>) is a digital marketing tech company offering digital signage and media solutions to enhance communications across a wide range of out-of-home environments. The company&rsquo;s solutions encompass digital merchandising systems and omni-channel customer engagement systems. It&rsquo;s growing at a blistering pace, and I believe landing major corporate contracts could propel it to the upper echelons of its niche.



In Q4, <a href="https://www.google.com/finance/quote/CREX:NASDAQ?sa=X&amp;ved=2ahUKEwjJjdyrv7WFAxVuqVYBHZQ1CeQQ3ecFegQIIhAX">revenue soared 38% to $14.5 million</a>, and the company is profitable with $1.4 million in net income. Yet it sports a mere $35 million market cap &ndash; peanuts compared to its growth runway. Software and marketing firms routinely fetch 10-20x sales valuations these days, so CREX trading at just 0.5x forward sales looks like an absolute bargain to me. We&rsquo;re also eyeing the potential for <a href="https://seekingalpha.com/symbol/CREX/earnings/estimates">EPS to triple from 10 cents in 2024 to 32 cents</a> next year. Do the math, and you&rsquo;re paying a measly 10x the 2025 EPS estimate.



Creative Realities guided to hit between $60-80 million in revenue for 2024. That could generate anywhere from 27% to 70% annual growth. Even at the lower end of guidance, we&rsquo;re still talking about torrid top-line expansion for a company valued at a mere 0.5x sales. To me, that spells a bargain with multi-bagger potential once Wall Street wakes up to penny stocks like this one.



<h2>FLYHT Aerospace Solutions (FLYLF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/aerospace-300x169.jpg" alt="a private plane inside a hangar is prepared for a flight. represent aerospace stocks"><div>Source: Shutterstock</div></div>The aerospace industry has been soaring over the past few years, with private flying in particular experiencing a boom &ndash; excluding that brief COVID-induced turbulence, of course. As travel normalizes, we&rsquo;re looking at new heights for penny stocks in this sector, fueled in part by Trump&rsquo;s tax cuts allowing jet-setters to write off their winged chariots as business expenses. FLYHT Aerospace Solutions (OTCMKTS:<a href="https://investorplace.com/stock-quotes/flylf-stock-quote/">FLYLF</a>) provides real-time aircraft intelligence and cockpit communications for this high-flying industry. While the company&rsquo;s current operations are in the red, the valuation appears attractively priced for takeoff.



Despite deriving 50% of revenue from high-margin, incredibly sticky, and consistently expanding SaaS offerings, FLYLF&rsquo;s price-to-sales ratio hovers around just 1x. As I&rsquo;ve mentioned before, SaaS firms typically command far richer multiples, making this look like an absolute steal. Sure, profitability remains elusive for now. But we&rsquo;re eyeing near-breakeven EPS levels in 2024, and if that growth trajectory sustains, significant profits could soon follow &ndash; potentially fueling multibagger returns. Revenue is also <a href="https://seekingalpha.com/symbol/FLYLF/earnings/estimates">projected for 26% growth</a> this year, giving FLYLF a lengthy runway to spread its wings. This makes it one of those penny stocks to buy.



<h2>Pioneer Power Solutions (PPSI)</h2>



<a href="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1570147828-scaled-e1667921955402.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/11/shutterstock_1570147828-scaled-e1667921955402-300x169.jpg" alt="a photo of a city with a digital grid overhead, showing the wide range of connectivity that comes with 5G. communications stocks"></a>Pioneer Power Solutions (NASDAQ:<a href="https://investorplace.com/stock-quotes/ppsi-stock-quote/">PPSI</a>) designs and manufactures electrical equipment through its Transmission and Distribution Solutions (T&amp;D) and Critical Power segments. Fair warning: this stock isn&rsquo;t for the faint of heart, exhibiting long-term volatility and swings that would make a pirate envious. But such choppiness is par for the course, and PPSI is now returning to bargain-basement levels &ndash; nearly back to where it traded a year ago. I believe this could represent an attractive entry point with limited downside and significant upside potential.



In Q3, <a href="https://www.google.com/finance/quote/PPSI:NASDAQ">revenue nearly doubled year-over-year to $12.4 million</a>, and analysts expect the infrastructure revolution to drive robust demand for PPSI&rsquo;s electrical offerings. EV and AI adoption loom as additional catalysts playing out over the next few years. Earnings are forecast to soar from <a href="https://seekingalpha.com/symbol/PPSI/earnings/estimates">21 cents per share in 2024 to nearly $3 by 2033</a>, with revenue climbing from $53 million to $220 million over that span. Yet, you&rsquo;re paying just 7 times 2025&rsquo;s estimated earnings &ndash; an absolute steal for penny stocks like PPSI positioned at the intersection of multiple powerful trends.



<h2>Braemar Hotels (BHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/hotels-1600-300x169.jpg" alt="Woman standing in hotel room with luggage looking at the view. Hotel stocks."><div>Source: Boyloso / Shutterstock</div></div>Braemar Hotels &amp; Resorts (NYSE:<a href="https://investorplace.com/stock-quotes/bhr-stock-quote/">BHR</a>) is a real estate investment trust focused on investing in luxury hotels and resorts through acquisitions or new development. I&rsquo;ve ranked this one lower given its higher risk profile, but for those chasing outsized gains, it could be worth a look. The company likely won&rsquo;t see much stock appreciation driven by growth, as it&rsquo;s expanding in the low single digits. Instead, my focus is on earnings growth potential. BHR trades at just 4 times forward earnings &ndash; a bargain valuation reflecting its hefty $1.2 billion debt load, massive compared to its $140 million market cap at the time of writing.



However, I believe the stock could still deliver multibagger returns. With interest rate cuts on the horizon, that should relieve pressure from interest expenses. Moreover, BHR is generating hefty profits despite those payments, sporting a lofty 9.4% dividend yield. If management can continue deleveraging while capitalizing on the recovery in travel and tourism, this high-risk, high-reward play could have further room to run. It&rsquo;s also one of those penny stocks to buy.



<h2>American Resources (AREC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/mining1600-300x169.jpg" alt="construction workers point at mining equipment in the near distance"><div>Source: Shutterstock</div></div>American Resources Corporation (NASDAQ:<a href="https://investorplace.com/stock-quotes/arec-stock-quote/">AREC</a>) supplies raw materials to the infrastructure and electrification markets, producing inputs for steel, alloys, magnets, lithium-ion batteries, and metals. Its offerings are already witnessing elevated demand from onshoring trends in up-and-coming U.S. industries. However, I see even greater potential demand for domestically produced rare earth elements going forward as the nation aims to reduce its dependence on China.



AREC has acquired mining rights to several large areas, with potential deals that could significantly increase shareholder value. The company also boasts a promising processing business that could disrupt China&rsquo;s dominance in rare earth metals and strategically important minerals markets. With <a href="http://seekingalpha.com/symbol/AREC/earnings/estimates">revenue expected to surge 88%</a> in 2024, AREC could easily transform into a multibagger investment once its operations start firing on all cylinders.



The raw materials sector is notoriously cyclical, but AREC seems well-positioned to ride multiple secular tailwinds &ndash; from electrification and domestic manufacturing to national security priorities around critical mineral supply chains. If management can deftly execute on its ambitious growth plans, this under-the-radar play could emerge as a surprising winner in the years ahead.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-penny-stocks-that-could-5x-by-the-end-of-2024/">7 Penny Stocks That Could 5X by the End of 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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