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The Fund seeks to track the investment results of the MSCI Emerging Markets Value Factor Select Index (the Underlying Index), which is based on a traditional market capitalization-weighted parent index, the MSCI Emerging Markets Index (the Parent Index).

iShares MSCI Emerging Markets Value Factor ETF

iShares Trust iShares MSCI Emerging Markets Value Factor ETF

SpaceX on Saturday launched a <a href="https://www.benzinga.com/news/24/08/40546859/boeings-former-ceo-dennis-muilenburg-said-in-2017-his-company-will-beat-elon-musk-to-mars-7-years-la">half-filled Crew Dragon spaceship </a>into orbit. The mission was to rescue two astronauts who had been left stranded in space.
What Happened: Under normal circumstances, the Crew Dragon is designed to transport four astronauts at a time. However, this mission was unique as it only carried two passengers. The reason behind this was a <a href="https://www.benzinga.com/news/24/08/40571227/while-elon-musk-is-busy-taking-a-dig-at-boeing-after-starliner-fails-to-bring-astronauts-back-from-i">significant safety issue </a>with Boeing&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) Starliner ship, <a href="https://www.businessinsider.com/spacex-launches-half-empty-dragon-spaceship-boeing-astronaut-crew-return-2024-9">reported</a> Business Insider.
In June, astronauts Butch Wilmore and Suni Williams had the honor of being the first to fly aboard the Starliner. However, as the ship approached the International Space Station (ISS), its thrusters malfunctioned. Despite managing to dock successfully after some troubleshooting, both NASA and Boeing were left unsure about the reliability of the thrusters for the return journey.
After conducting thorough testing and reviews, NASA decided not to gamble with the astronauts&#8217; lives by using the Starliner again. This decision threw a wrench in NASA&#8217;s human spaceflight schedule as the Starliner was sent back to Earth without its crew.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40996401/intel-which-cratered-around-77-from-its-52-week-peak-finds-a-new-knight-in-shining-armor-as-qual" target="_blank" rel="noreferrer noopener">Intel, Which Cratered Around 77% From Its 52-Week Peak, Finds A New Knight In Shining Armor As Qualcomm And Apollo Propose Buyout Deal, But This Analyst Thinks It Doesn't Make Sense: ‘It Seems Very Risky To Us Given Uncertain Returns'</a>
Wilmore and Williams will now be coming back to Earth aboard the SpaceX Crew Dragon that was launched on Saturday. Nick Hague and Aleksandr Gorbunov will join them on the ISS for a mission that will last several months, with a return home scheduled for February at the earliest.
Both SpaceX and Boeing developed their spaceships as part of NASA&#8217;s Commercial Crew Program. However, SpaceX&#8217;s Crew Dragon, which cost $2.6 billion, was significantly cheaper and faster than Boeing&#8217;s Starliner, which received $4.2 billion from NASA. Despite facing technical issues and delays, Boeing has had to bear all additional expenses due to its fixed-price contract with NASA, resulting in a loss of about $1.6 billion on Starliner.
Why It Matters: Elon Musk&#8216;s SpaceX has been making significant strides in the space industry, with plans to <a href="https://www.benzinga.com/news/24/08/40550547/spacex-to-ramp-up-operations-next-year-elon-musk-says-his-rocket-manufacturing-company-will-execute" target="_blank" rel="noreferrer noopener">ramp up operations</a> and execute missions every two days in 2025. Musk has also been vocal about his intention to colonize Mars using SpaceX's newest giant rocket, Starship.
This came after Musk took a dig at Boeing, saying <a href="https://www.benzinga.com/news/24/08/40548925/spacex-ceo-elon-musk-takes-a-dig-at-boeing-says-aircraft-companies-cannot-dominate-space-travel-indu" target="_blank" rel="noreferrer noopener">aircraft companies would not dominate the space</a> industry, similar to how car makers cannot dominate the aircraft business.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/24/09/40969855/jpmorgan-ceo-jamie-dimon-calls-for-federal-employees-to-return-to-office-says-empty-buildings-bother" target="_blank" rel="noreferrer noopener">JPMorgan CEO Jamie Dimon Calls For Federal Employees To Return To Office, Says Empty Buildings ‘Bother' Him: ‘I Can't Believe…'</a></li>
</ul>
Photo courtesy: Shutterstock
Disclaimer: 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.

News

Sports

Tech

SpaceX Steps In To Rescue Stranded NASA Astronauts At ISS Due To Boeing Starliner Issues: Elon Musk's Company Sends Half-Empty Crew Dragon To Bring Butch Wilmore And Suni Williams Home

North Korea has publicly denounced the United States&#8217; decision to supply <a href="https://www.benzinga.com/news/24/09/41043131/joe-biden-announces-8b-military-aid-package-for-ukraine-after-zelenskyys-visit-amid-trumps-criticism">$8 billion in military aid</a> to Ukraine. Kim Jong Un-led government has described this move as &#8220;an incredible mistake&#8221; and a perilous provocation against Russia, a nation armed with nuclear weapons.
What Happened: The U.S. President, Joe Biden, declared the <a href="https://www.benzinga.com/news/24/09/41046114/as-biden-offers-8b-in-aid-to-zelenskyy-us-officials-remain-doubtful-about-ukraines-victory-plan-agai">aid package during a visit</a> by the Ukrainian President, Volodymyr Zelenskyy, to Washington. The aid package includes long-range weapons, which are intended to boost Ukraine&#8217;s capacity to strike Russia from safer distances.
Kim Yo Jong, the sister of North Korean leader Kim Jong Un, accused Washington of intensifying the conflict in Ukraine and pushing Europe towards a potential nuclear war. &#8220;The United States and the West should not dismiss or underestimate Russia&#8217;s serious warning,&#8221; Kim stated in a release by the state news agency KCNA.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40996401/intel-which-cratered-around-77-from-its-52-week-peak-finds-a-new-knight-in-shining-armor-as-qual">Intel, Which Cratered Around 77% From Its 52-Week Peak, Finds A New Knight In Shining Armor As Qualcomm And Apollo Propose Buyout Deal, But This Analyst Thinks It Doesn&#8217;t Make Sense: &#8216;It Seems Very Risky To Us Given Uncertain Returns&#8217;</a>
She also questioned the readiness of the U.S. and the West to face the repercussions of their actions against Russia, a nuclear superpower. Russian President Vladimir Putin has previously warned of a possible nuclear response if Russia is attacked.
Kim characterized the U.S.&#8217;s decision to support Zelenskyy&#8217;s military efforts as a &#8220;dangerous and irresponsible gamble&#8221;. She also holds a position in North Korea&#8217;s ruling Workers&#8217; Party and often voices Pyongyang&#8217;s stance on political and security issues.
Why It Matters: North Korea and<a href="https://www.benzinga.com/news/24/09/40767012/kim-jong-un-might-have-to-change-north-koreas-strategy-amid-trump-and-harris-election-race-after-bid"> Russia have significantly bolstered their ties,</a> including a mutual defense pledge. The U.S. has accused North Korea of illegally supplying at least 16,500 containers of weapons to Russia since last September, which Russia has reportedly used against Ukraine. Both North Korea and Russia deny any illegal arms trade.
Despite Russia&#8217;s strong alliances with global powers like China and India, North Korea has emerged as <a href="https://www.benzinga.com/news/24/09/40894933/kim-jong-uns-north-korea-outranks-china-as-russias-top-ally-in-ukraine-conflict-says-military-intell">Russia&#8217;s most crucial ally</a> in the ongoing Ukraine conflict, providing significant military aid, as highlighted by the head of Ukraine&#8217;s military intelligence agency, Kyrylo Budanov.
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<li>Read Next: <a href="https://www.benzinga.com/markets/24/09/40969855/jpmorgan-ceo-jamie-dimon-calls-for-federal-employees-to-return-to-office-says-empty-buildings-bother">JPMorgan CEO Jamie Dimon Calls For Federal Employees To Return To Office, Says Empty Buildings &#8216;Bother&#8217; Him: &#8216;I Can&#8217;t Believe…&#8217;</a></li>
</ul>
Disclaimer: 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 courtesy: Flickr

Politics

Global

General

Kim Jong Un's Sister Says US Making 'Incredible Mistake' By Giving $8B In Military Aid To Ukraine: 'Should Not...Underestimate Russia's Serious Warning'

<a href="https://www.benzinga.com/personal-finance/24/07/39862019/gen-x-is-the-most-stressed-generation-alive-and-studies-reveal-why-hint-theyre-440-000-short-on-">Gen X</a>, born between 1965 and 1980, is approaching retirement, but according to recent data from Fidelity, the financial outlook for the average Gen Xer is concerning. Fidelity reports that the average retirement savings for Gen X as of Q2 2024 is only $182,100.
While this may seem like a lot of money to some, it pales compared to what's needed to retire securely. By the time someone reaches retirement age, Fidelity suggests having at least 10 times your salary in retirement savings. So, making $70,000 a year would mean having $700,000 in retirement accounts by the time you stop working.&nbsp;
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Those in their late 40s to mid-50s have much catching up to do. According to Fidelity's recommendation, this age group should already have about six times their annual salary saved for retirement. Sticking with our $70,000 salary example would mean having $420,000 in retirement accounts, a far cry from the average $182,100.&nbsp;
Gen X has experienced several <a href="https://www.benzinga.com/real-estate/24/06/39274689/amid-rising-costs-financial-strain-becomes-americas-chief-anxiety">financial setbacks</a> throughout their prime working years. From the dot-com bubble to the 2008 financial crisis and the COVID-19 pandemic, a lot of disruption has affected the ability to save money.&nbsp;
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Many Gen-Xers have also faced layoffs or reduced incomes during critical times. With the stock market's major fluctuations throughout the years, keeping up with retirement contributions has been difficult.&nbsp;
Beyond external economic factors, Gen-Xers – the sandwich generation – are often stuck in the middle, caring for their children and <a href="https://www.benzinga.com/personal-finance/24/07/40001551/do-i-have-to-support-my-financially-irresponsible-75-year-old-mother-suze-ormans-take-on-priorit">aging parents</a>. Those with this dual caregiver role face emotional and financial strain, from rising health care costs for elderly parents to the expenses of raising children.&nbsp;
This often results in delaying or reducing contributions to retirement funds to cover immediate family needs.&nbsp;
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
Another financial hurdle for Gen X is personal debt. Education Data reports that the average student loan debt for Gen X is $44,290 per borrower and Gen X has taken on more student loans than any other generation. According to Experian, Gen X also holds the highest average credit card debt of any generation, with $9,255. Between paying off these personal debts and managing other financial responsibilities, retirement savings often take a back seat.&nbsp;
It's not too late for those with less-than-ideal retirement savings to get back on track, though. Boosting contributions to retirement accounts is a good place to start, especially if your employer offers a matching contribution. It's also important to prioritize paying off high-interest debt, which can free up more money for saving. Meeting with a financial planner could be another smart move, as they can help create a tailored plan to balance your current needs with long-term goals.
By taking action now, Gen Xers can increase their chances of securing a comfortable retirement. Talking to a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> can help. They can help you plan for the future with a personalized plan tailored to your needs.&nbsp;
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Personal Finance

Average Gen-Xer Only Has $182,100 In Retirement Savings And It's Not Enough To Secure Their Future

<a href="https://www.benzinga.com/startups/24/09/40970011/kevin-olearys-dad-warned-him-hed-starve-to-death-if-he-pursued-his-passion-getting-an-mba-ended-up-c">Kevin O'Leary</a>, a big-name investor known for his no-nonsense approach to business, has a unique strategy for dealing with family members who ask him for money. He's had his fair share of relatives coming to him with big ideas and high hopes, looking for a hefty investment. And with O'Leary's financial standing, it's not surprising. The Canadian business owner and Shark Tank star has a net worth of around $400 million.
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But while he's generous, he's also got boundaries that help keep family and finances from clashing. In a short YouTube video, O'Leary explained his actions when family members ask him for money. He acknowledges the age-old truth: "More money, more problems." O'Leary says, "It's a fantastic thing <a href="https://www.benzinga.com/personal-finance/24/07/39710541/kevin-oleary-says-you-can-survive-on-500-000-and-do-nothing-else-to-make-money">because it buys you freedom</a> but it makes your life complicated because many people want some of it from you for free – particularly family members. This is a huge issue."
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O'Leary clarifies that people come to expect something for nothing <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">just because you have money</a>. And to handle this, he's developed a straightforward method that keeps things clear and avoids awkward Thanksgiving dinners.
When a family member approaches him for money – whether it's to start a restaurant or launch a new business – he offers a one-time gift. In the case he mentions, it's $50,000. Not a loan, not an investment, just a gift. But there's a catch: "You never ask me for money again. Ever." O'Leary's rule is simple: after that check, there will be no more handouts, no future expectations, and no financial entanglements. As he humorously adds, he hands over the money and then "goes back to polishing his eggs." It's a clean break that leaves no room for future financial disputes or awkward family interactions.
<hr class="wp-block-separator has-alpha-channel-opacity" />
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<hr class="wp-block-separator has-alpha-channel-opacity" />
For those who don't have a portfolio like O'Leary's, his approach still offers a valuable lesson. Setting clear boundaries is crucial when lending or gifting money to family. Getting caught up in the emotions and obligations that come with helping loved ones is easy, but things can get messy without clear rules. A good approach for the rest of us might be to only give what we can afford to lose – whether that's $50, $500, or $5,000 – and make it clear that it's a one-time deal. No loans, no strings, no awkward family gatherings.
Handling family and money can be tricky, but O'Leary's approach shows that it's all about setting expectations and sticking to them. And maybe, just maybe, it's also about having a little humor to keep things from getting too tense.
It's always smart to <a href="https://www.benzinga.com/money/charlie-munger-100k">consult with a financial advisor</a> before making big decisions, especially when family is involved. They can help you determine what makes the most sense for your situation and set the right boundaries. It's not just about the money – it's about keeping relationships intact while making choices that work for everyone. A little guidance can go a long way in ensuring your finances and family ties stay strong.
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<li>Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a></li>
</ul>

Startups

'You Never Ask Me for Money Again': Kevin O'Leary Explains Instead Of Investing In Family Members' Businesses, He Gifts Cash With A Caveat

The market reached its pandemic-induced bottom on March 23, 2020, after a dramatic sell-off that wiped trillions of dollars from global markets. However, swift action by the <a href="https://www.benzinga.com/topic/federal-reserve">Federal Reserve</a>, including slashing interest rates to near-zero and launching aggressive asset-purchasing programs, helped instill confidence in financial markets.
The federal government also rolled out multi-trillion-dollar stimulus packages like the CARES Act, which included direct payments to Americans, expanded unemployment benefits and forgivable loans to businesses.
As a result, major U.S. stock indices began an extraordinary recovery. The SPDR S&amp;P 500 ETF, which tracks the broader market, rebounded by a staggering 149.8% from its March 2020 low. 
The Invesco QQQ Trust Series 1, which primarily tracks the tech-heavy Nasdaq-100 index, surged even higher, returning 185.2%, while the SPDR Dow Jones Industrial Average ETF Trust, reflecting the performance of the DJIA, saw a 120.4% gain over the same period. These remarkable returns have rewarded investors who remained patient during the unprecedented turmoil.
Read Also: <a href="https://www.benzinga.com/markets/24/09/41080174/if-you-invested-1-000-in-gamestop-stock-when-ryan-cohens-stake-was-disclosed-heres-how-much-youd-hav">If You Invested $1,000 In GameStop Stock When Ryan Cohen&#8217;s Stake Was Disclosed, Here&#8217;s How Much You&#8217;d Have Now</a>
<h3 class="wp-block-heading">Tech Stocks and Retail Favorites Lead the Rally</h3>
The market recovery was largely driven by technology stocks, which benefited from the rapid acceleration of digital transformation during the pandemic. Companies like Apple, Amazon, Microsoft and Tesla experienced explosive growth as work-from-home trends and e-commerce dominated. 
Meanwhile, stocks like GameStop and AMC Entertainment became poster children for retail investors, particularly those congregating on forums like Reddit's WallStreetBets. These retail favorites skyrocketed in 2021, with price surges fueled by short squeezes and social media-driven trading, despite their companies facing significant fundamental challenges.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079353/bitcoin-bull-arthur-hayes-predicts-volatility-supercycle">Bitcoin Bull Arthur Hayes Predicts &#8216;Volatility Supercycle&#8217;</a>
<h3 class="wp-block-heading">Cryptocurrency's Meteoric Rise</h3>
As equities boomed, the cryptocurrency market experienced an even more dramatic rise. Investors who took positions in major digital assets at the March 2020 bottom saw historic gains. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), for instance, surged from around $5,000 in March 2020 to all-time highs near $75,000 in early 2024. For those who invested $100 in Bitcoin at the market bottom, their investment would have grown to an astonishing $1,265.85 by the present day.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), the second-largest cryptocurrency by market capitalization, experienced even more substantial growth. Its value increased from roughly $110 in March 2020 to over $4,800 at its peak in 2021. A $100 investment in Ethereum back then would now be worth $2,174.05, thanks to its growing use in decentralized finance (DeFi) applications and the popularity of non-fungible tokens (NFTs).
Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), initially created as a joke, emerged as one of the biggest winners, fueled by celebrity endorsements and viral social media campaigns. Dogecoin's value exploded, giving those who invested $100 at the market's low a return of $7,463.60—a staggering 7,463% increase, highlighting the speculative fervor in the crypto markets.
What's Next: As the debate over cryptocurrency regulation heats up, these topics will be further explored at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19, where key industry leaders and policymakers will gather to discuss the evolving role of digital assets in politics and finance.

$BTC

$DOGE

$ETH

From Market Bottom To Moon: How Bitcoin, Ethereum And Dogecoin Skyrocketed Since 2020

Mark Cuban didn't hold back when he saw Donald Trump promoting limited-edition silver coins. In a post on X, Cuban shared Trump's promotional video for the Official Trump Coins, where the ex-president described them as a &#8220;true symbol of American greatness.&#8221; Cuban wasn't buying it. "I guess he doesn't believe in BTC quite as much as the Maxis told him to," Cuban wrote, referencing Trump's recent embrace of bitcoin.
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Cuban, a well-known tech billionaire and &#8220;Shark Tank&#8221; star, clearly thinks Trump is pushing a bad investment. &#8220;He is selling the silver coins as a collectible that could increase in value … An investment,&#8221; Cuban said, questioning whether any serious bitcoin advocate would ever suggest buying a silver coin over bitcoin.&nbsp;
"Would you consider a person pushing this illiquid product, rather than [Bitcoin, Etherium], real estate or other liquid assets, someone you can trust for investment advice? Or more likely a con-man?" he wrote.
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The Trump Coins, minted in the U.S. and stamped with Trump's image, are selling for $100, far above the market price of silver. Despite the official website claiming these coins aren't for investment purposes, Cuban isn't convinced. He sees it as a clear cash grab by Trump, especially as he faces mounting legal costs. &#8220;Would you tell ANYONE you know to get business or investment advice from a person selling these coins?&#8221; Cuban asked bluntly.
The Trump Coins incident has sparked a bigger debate about whether it's right to sell collectibles as investments. Silver's been a go-to for safety, but guys like Cuban and Warren Buffett <a href="https://www.benzinga.com/personal-finance/24/04/38296813/warren-buffett-says-buying-gold-is-going-long-on-fear-but-robert-kiyosaki-says-f-u-buffett-and-u">aren't impressed. </a>They'd rather see money go into something that grows, like businesses that make profits.
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The folks behind the Trump Coins say these aren't political or investment pieces, just cool collectibles. "The coins are not political and have nothing to do with any political campaign," the website reads. However, the website's biography on X says the company is an "official partner of the Trump Organization." The coins come with a certificate and a custom bag. But Cuban's not buying it. He thinks it's another way to cash in on Trump's fan base.
Cuban hasn't held back on his <a href="https://www.benzinga.com/news/24/09/41019829/mark-cuban-fires-back-at-criticism-of-kamala-harris-tax-policies-trump-has-a-new-tax-cut-or-tariff-f">opinions about Trump lately, </a>calling him &#8220;unethical&#8221; and &#8220;dishonest.&#8221; In Cuban&#8217;s eyes, this coin controversy is just more proof that Trump isn't the guy to trust with your money. He's even backing Vice President Kamala Harris, slamming Trump's tariffs as bad news for American businesses.
The bottom line? Cuban's advice is simple: Don't fall for flashy silver coins; stick to smarter investments.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Mark Cuban Criticizes Trump's Coin Push – Is This A Con Or An Investment?

Ginni Thomas, a conservative activist and the wife of Supreme Court Justice Clarence Thomas, was one of the notable political figures that Iranian hackers attempted to impersonate in their efforts to target individuals <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">connected to former President</a><a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener"> Donald Trump</a>.
According to an indictment unsealed in the U.S. District Court for the District of Columbia, three individuals are accused of a multi-year hacking campaign targeting current and former U.S. officials and journalists, including a breach of the Trump campaign this summer, <a target="_blank" href="https://edition.cnn.com/2024/09/27/politics/iran-trump-hackers-charged/index.html" rel="noreferrer noopener">reported</a> CNN.
The accused are members of Iran's Revolutionary Guards Corps. They allegedly targeted the Nov. 5 election between Trump and Vice President Kamala Harris.
Iran dismissed the accusations as baseless. The Justice Department has also targeted Russian election interference, charging and sanctioning state media employees for funding pro-Trump influencers.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/24/09/41078411/us-charges-iranian-hackers-for-interfering-in-2024-presidential-election" rel="noreferrer noopener"> US Charges Iranian Hackers For Interfering In 2024 Presidential Election</a>
From June to August, the hackers gained access to a Trump campaign official&#8217;s personal email account, stealing &#8220;debate preparation&#8221; materials and information about potential vice presidential candidates.
According to the indictment and law enforcement officials, the hackers created a fake email account in Ginni Thomas&#8217; name in April 2020, but they did not use it in their operations until four years later.
The charges against the Iranian hackers come amid heightened concerns over foreign interference in U.S. elections.
In August,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/08/40303972/trump-campaign-falls-victim-to-cyber-attack-heightening-election-security-fears" rel="noreferrer noopener">Trump's campaign</a>&nbsp;confirmed a security breach, believed to be orchestrated by foreign entities hostile to the U.S. This breach included the theft of internal documents, which were later leaked to the media.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Media

Ginni Thomas Impersonated By Iranian Hackers in Targeted Scheme Against Trump Campaign, U.S. Indictment Alleges

China&#8217;s latest economic stimulus is creating significant ripples in global markets. Following a series of bold actions by the People&#8217;s Bank of China (PBoC), including slashing the reserve requirement ratio (RRR) for banks and cutting key repo rates,<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi" target="_blank" rel="noreferrer noopener"> the financial system is poised for an influx of liquidity</a>.
The aim is to inject $140 billion into the economy and enhance lending to stimulate growth. Additionally, Reuters reports that China plans to issue 2 trillion yuan (approximately $284 billion) in special sovereign bonds this year to boost consumer spending.
However, Nick Colas, co-founder of DataTrek Research, cautioned about the challenges posed by the Chinese government&#8217;s approach. During a Bloomberg Surveillance <a href="https://www.bloomberg.com/news/audio/2024-09-26/nobloomberg-surveillance-markets-eco-israel-podcast">podcast</a>, he noted that while there are various monetary and fiscal policy measures, there exists a conflicting perspective among government regulators.
They want to improve the economy but are reluctant to restore too much power to the wealthy and corporations.
&#8220;And&nbsp;that&nbsp;tension&nbsp;has&nbsp;been&nbsp;really&nbsp;damaging&nbsp;for&nbsp;Chinese&nbsp;equity&nbsp;market&nbsp;investors&nbsp;sentiments,&#8221; Colas said in the podcast.
Colas emphasized that this tension has negatively impacted investor sentiment in the Chinese equity market.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings" rel="noreferrer noopener">China&#8217;s Stimulus Sparks Optimism: 3 Large-Cap Stocks With Analyst Buy Ratings</a>
Colas also drew a comparison between China and the United States regarding their resilience. He expressed that America, by its very nature, is psychologically &#8220;anti-fragile.&#8221;
&#8220;Americans are very optimistic people. They don&#8217;t worry about making mistakes. And they don&#8217;t criticize people that fail, at least in business,&#8221; Colas said on the Bloomberg Surveillance Podcast. 
He remarked that American society allows for &#8220;second and third acts,&#8221; highlighting a cultural tendency to bounce back from setbacks.
When asked about China&#8217;s anti-fragility, Colas acknowledged that it exists but not to the same degree as in the U.S. He pointed out that the unique ability of Americans to recover from mistakes—whether in business or politics—sets the U.S. apart globally. This resilience, he concluded, is a hallmark of American exceptionalism.
A recent Bloomberg report <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-27/xi-s-big-stimulus-week-aims-to-draw-a-line-under-china-slowdown?sref=TBDibEcD" rel="noreferrer noopener">highlighted</a> that a growing group of prominent Chinese economists, including former central bank chief Yi Gang, has warned of the need to boost demand to prevent China from falling into a deflationary spiral.
Companies engaged in intense price wars are laying off workers, and college graduates are facing challenges in finding jobs, leading to a record youth unemployment rate last month, the report read.
While the new multi-faceted policy package has energized equity markets, it did not do much to tackle the fundamental issues affecting China&#8217;s long-term economic outlook.
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Equities

Movers

China's Reluctance To Empower Corporations Could Undermine Economic Stimulus: Report

Anthony Scaramucci recently expressed his belief that electing Kamala Harris and defeating former President Donald Trump could be the key to <a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman">revitalizing the Republican Party</a>.
What Happened: In a post on X on Friday, Scaramucci, Scaramucci, who will be a headline speaker at Benzinga's upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19, stated, &#8220;Electing VP Harris and defeating Trump is not about destroying the Republican party; it&#8217;s about saving it.&#8221;
He further emphasized that the GOP needs to move beyond the &#8220;hateful and divisive extremism&#8221; that he believes Trump has brought to the party.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Doug gets it. Electing VP Harris and defeating Trump is not about destroying the Republican party; it&#39;s about saving it. Only once we move past the hateful and divisive extremism Trump has brought can the GOP rediscover and strengthen its core values. <a href="https://t.co/0qtxZfE0xB">https://t.co/0qtxZfE0xB</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1839686140778971464?ref_src=twsrc%5Etfw">September 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In another post on Saturday, he voiced his support for Harris by saying that the business leaders across parties are horrified by Trump's leadership model. 
Also Read: <a href="https://www.benzinga.com/news/24/09/40761709/anthony-scaramucci-trump-will-lose-then-start-panicking-over-november-sentencing">Anthony Scaramucci: Trump Will Lose, Then &#8216;Start Panicking&#8217; Over November Sentencing</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Business leaders across parties are horrified by Trump's leadership model and believe his economic policies would reignite inflation. Great work by <a href="https://twitter.com/JeffSonnenfeld?ref_src=twsrc%5Etfw">@JeffSonnenfeld</a> <a href="https://t.co/IFo7nv6wMP">https://t.co/IFo7nv6wMP</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1839764069676376075?ref_src=twsrc%5Etfw">September 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Scaramucci, who briefly served as the White House Director of Communications under Trump, has been a vocal critic of the former president. His latest comments suggest a desire for a shift in the party&#8217;s direction, away from Trump&#8217;s influence.
Why It Matters: Scaramucci&#8217;s comments reflect a growing divide within the Republican Party, with some members advocating for a return to traditional conservative values, while others continue to support Trump&#8217;s brand of politics. 
His call for the election of Vice President Harris, a Democrat, indicates a willingness to cross party lines in order to achieve this goal.
The impact of these internal conflicts on the future direction of the GOP remains to be seen. 
However, Scaramucci&#8217;s comments highlight the ongoing debate within the party about its core values and political identity.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Scaramucci Advocates For Harris To Save The Republican Party, Says 'Electing Harris, Defeating Trump Is About Saving The GOP'

Former President Donald Trump unveiled a luxury watch collection priced at $100,000 per piece on the same day that his wife, Melania Trump voiced her concerns over the public&#8217;s struggle to afford basic <a href="https://www.benzinga.com/news/24/09/40994134/who-funded-melania-trumps-six-figure-lgbt-speaking-engagement-the-source-remains-shrouded-in-mystery">needs amid rising inflation</a>.
What Happened: Trump introduced his Official Trump Watch Collection in a <a href="https://truthsocial.com/@realDonaldTrump/posts/113204307304573314">post</a> on Truth Social. The collection, featuring 147 gold watches each engraved with Trump&#8217;s name, is being sold for $100,000 each. Trump touted the watches as ideal Christmas gifts and predicted a swift sell-out.
&#8220;The Official Trump Watch Collection is here, and these Watches are truly special — You're going to love them. Would make a great Christmas Gift. Don't wait, they will go fast. GET YOUR TRUMP WATCH RIGHT NOW!&#8221; Trump wrote in the post. 
In the meantime, Melania Trump was on Fox &amp; Friends promoting her new memoir. In the course of the <a href="https://www.youtube.com/watch?v=zDp24JwcyDI">interview</a>, she touched on the difficulties people are experiencing in meeting basic needs due to the surge in inflation. 
She lauded her husband&#8217;s administration, asserting that people fared better during his tenure.
Also Read: <a href="https://www.benzinga.com/news/24/02/37303851/melania-trump-vs-ivanka-trump-white-house-power-struggle-unveiled-in-new-tell-all-book">Melania Trump Vs. Ivanka Trump: White House Power Struggle Unveiled In New Tell-All Book</a>
"How I see it is, the record speaks for itself. The country is suffering. People are not able to buy the usual necessities for their families," Melania Trump said during the interview. "We have wars going on around the world. Soldiers are dying. They were dying under this administration because of weak leadership. The border is open and dangerous."
"I think the American people need to decide what they really want. Maybe some strong tweets, but everything else great for this country. So it's all in the American people's hands on November 5," she added. 
While Trump was marketing his premium watches, Melania shared her worries about the nation&#8217;s hardships, unsecured borders, ongoing conflicts, and ineffective leadership. 
She concluded by saying that the choice rests with the American people, suggesting the potential of strong tweets but overall greatness for the country.
Why It Matters: The timing of Trump&#8217;s luxury watch launch and Melania&#8217;s inflation concerns has raised eyebrows. As the former President is promoting a high-end product, his wife is expressing concerns over the economic struggles faced by many Americans. 
This juxtaposition underscores the ongoing debate about wealth disparity and the economic challenges many are facing amidst rising inflation. 
The situation also highlights the differing public personas of the Trumps, with Donald Trump&#8217;s entrepreneurial endeavors often contrasting with Melania&#8217;s more reserved and empathetic public image.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

While Trump Launches $100K Luxury Watch, Wife Melania Trump Talks About Rising Inflation: 'The Country Is Suffering, People Not Able To Buy Necessities For Their Families'

Donald Trump has entered the luxury watch market with a range of timepieces priced between $499 and a whopping $100,000. However, these watches are <a href="https://www.benzinga.com/news/24/09/40868937/mary-trump-says-her-uncle-is-a-deeply-unwell-traitor-he-knows-he-just-needs-to-keep-it-close-enough">not intended for investment purposes</a>.
What Happened: The watches are not directly linked to Trump or the Trump Organization in terms of design, manufacturing, distribution, or sales. 
The actual producer is TheBestWatchesonEarth LLC, which is utilizing Trump&#8217;s name, image, and likeness under a paid license agreement. This is one of Trump&#8217;s latest business endeavors since he left office three years ago.
The Victory Tourbillon, the priciest watch in the collection, is crafted with nearly 200 grams of gold and over 100 genuine diamonds. 
Talking about Trump&#8217;s new watch launch, his niece Mary Trump said in a substack <a href="https://www.marytrump.org/p/the-non-fungible-grift">post</a>, &#8216;The FIGHT, FIGHT, FIGHT collection (who among us hasn't tried to raise money off of an assassination attempt in which people were actually killed?) includes a stainless-steel watch with a blood-red dial. The Victory Tourbillon comes in 18k yellow or rose gold and costs more than the average American makes in two years.&#8217;
Also Read: <a href="https://www.benzinga.com/news/24/09/40867372/mary-trump-says-donald-trump-remains-thin-skinned-bully-and-thats-what-makes-him-dangerous">Mary Trump Says &#8216;Donald Trump Remains Thin-Skinned Bully And That&#8217;s What Makes Him Dangerous&#8217;</a>
&#8220;In a slimy video that would be stunning in its ridiculousness coming from any other presidential candidate, Donald tells us the $100,000 watch is made with almost 200 grams of gold and more than 100 real diamonds. That's a lot of diamonds. I love gold. I love diamonds. We all do," she added in the post. 
Despite the steep price, the terms and conditions of the watches specify that they are meant to be collectible items for personal enjoyment, not for investment.
Mary Trump also said in the post, &#8220;There are much, much worse things about Donald Trump than his shameless hucksterism, but leveraging the presidency in this way is truly grotesque. Despite the fact that we've learned to expect nothing, it's still shocking that corporate media considers that this ugly aspect of a presidential candidate is something we all should ignore—or accept.&#8221;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning" target="_blank" rel="noreferrer noopener">Mary Trump: ‘Donald's Narcissistic Injury Is So Great That He Has Essentially Stopped Campaigning'</a>
The company plans to start shipping the watches in late 2024, but it has clarified that it will not be responsible for any shipment delays. Furthermore, all sales are final as per the terms and conditions.
Why It Matters: Trump&#8217;s entry into the luxury watch market is perceived as another attempt to capitalize on his presidency and name recognition for personal profit. 
Despite the controversies surrounding him, Trump continues to explore new avenues to monetize his brand.
Read Next:
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Mary Trump Says There Are Much, Much Worse Things About Donald Trump 'Than His Shameless Hucksterism'

Remote work gave folks the freedom to live where they wanted – no more daily commutes, no more being stuck in a city just because the office was there. But now, companies are calling people back and that's changing everything. People are moving closer to work again and the housing market in some cities is going wild.
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Take San Jose. It's always been tough to find a home there, but now? It's crazy. Buyers are fighting over the few homes available and paying way above the asking price. According to a Realtor.com analysis of 75 cities to see where homes sell the most over their asking prices, San Jose tops the list in the U.S., with homes selling 6.2% over the asking price. And get this – the median home price is a staggering $1.3 million.
Trending: Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a>
So, why is this happening? Well, San Jose is <a href="https://www.benzinga.com/startups/24/08/40429719/whats-happened-in-silicon-valley-is-insane-says-mark-cuban-they-want-trump-to-be-the-ceo-of-the-unit">right near Silicon Valley.</a> Big tech companies like PayPal and Adobe are there, pulling in tech pros from everywhere. Housing demand is through the roof. Lex Orosco, a real estate broker at Real Silicon Valley, told Business Insider that the market will only get hotter as more people move closer to work. And as interest rates drop, even more buyers will jump in, pushing prices higher.
It's not just San Jose, though. Other cities, especially in the Northeast and California, see the same thing. Hannah Jones from Realtor.com said many of these places are &#8220;within commuting distance of the region&#8217;s major economic hubs.&#8221; With companies moving back to in-office or hybrid setups, these areas are feeling the pressure, too.
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>
Look at San Francisco – homes are selling for 3.6% above asking. Hartford, Connecticut? Buyers are paying 4.8% more than the list price. Even Kansas City is getting hit, with homes going for 4.3% over asking.
And the recent<a href="https://www.benzinga.com/general/education/24/09/41031059/after-fed-rate-cuts-is-tesla-nvidia-apple-or-amazon-the-best-investment-poll-reveals-top-magnif"> interest rate cut by the Federal Reserve? </a>It will lower mortgage rates, giving more people the power to buy. But with so few homes out there, prices might climb even more. Orosco thinks we might see more homes hit the market as rates fall, but it won't be enough to cool things down.
As companies drag workers back to the office, cities like San Jose feel the heat. More people moving back means more competition for homes – and higher prices. It's already tight and the return to office life is making it even tighter.
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Real Estate

Return-To-Office Mandates Ignite Housing Price Surge In Top 10 Cities–San Jose Leads The Charge

An indictment was made public this week, accusing a Florida man of threatening to kill both his primary opponent in the 2021 election for Florida&#8217;s 13th Congressional District and a private citizen <a href="https://www.benzinga.com/general/politics" target="_blank" rel="noreferrer noopener">who is an acquaintance of that opponent</a>.
The indictment states that William Robert Braddock III, 41, from St. Petersburg, and Victim 1 were candidates in the primary election for Florida&#8217;s 13th Congressional District in the U.S, <a href="https://www.justice.gov/opa/pr/former-candidate-13th-congressional-district-florida-charged-election-related-threat-former" target="_blank" rel="noreferrer noopener">the Department of Justice said</a>. Victim 2 is identified as a private citizen and acquaintance of Victim 1.
In a shocking recorded call with a local activist, Braddock brazenly claimed he would unleash a hit squad of Russians and Ukrainians to take out Rep. Anna Paulina Luna (R-Fla.) during the heated 2022 primary for a Clearwater seat, per a <a href="https://www.politico.com/news/2024/09/27/opponent-anna-paulina-luna-threatening-00181523" target="_blank" rel="noreferrer noopener">report</a> by Politico.
Braddock specifically threatened to &#8220;call up my Russian-Ukrainian hit squad&#8221; to make Victim 1 disappear, the regulatory authority said in a note. After making these threats, he left the U.S. and was later discovered living in the Philippines. Recently deported back to the U.S., Braddock made his first court appearance yesterday in Los Angeles.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39874174/trump-calls-out-bidens-alleged-use-of-doj-to-harass-and-intimidate-political-opponents-and-asks-for" rel="noreferrer noopener">Trump Calls Out Biden&#8217;s Alleged Use Of DOJ To &#8216;Harass And Intimidate Political Opponents&#8217; — And Asks For President&#8217;s Help In Fiery Post: &#8216;We Are Under Attack From Crooked Joe Biden&#8217;</a>
Politico had earlier <a href="https://www.politico.com/news/2021/06/17/secret-recording-florida-republican-threat-hit-squad-494976" target="_blank" rel="noreferrer noopener">reported</a> that a conservative activist recorded Braddock advising her not to back Luna—who had been defeated by Crist in 2020—because he claimed to have connections to assassins.
Per a recording received by Politico, he said, &#8220;I really don&#8217;t want to have to end anybody&#8217;s life for the good of the people of the United States of America.&#8221; Braddock expressed that it would break his heart, but if necessary, he believed it had to be done, referring to Luna as merely a &#8220;speed bump&#8221; and likening her to a dead squirrel that one runs over daily when leaving the neighborhood.
Braddock faces a charge of interstate transmission of a true threat to injure another individual.
If found guilty, he could face up to five years in prison. A federal district court judge will decide the sentence, taking into account the U.S. Sentencing Guidelines and other relevant factors, the Department of Justice added.
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Image: Wikimedia Commons

Rep. Anna Paulina Luna's Opponent Charged With Chilling Death Threat In 2022 Primary

In response to changing market conditions in Florida and Texas, leading homebuilder KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) has decided to slash home prices in Austin, San Antonio, Orlando, and Jacksonville.
What Happened: According to KB Home&#8217;s Chief Operating Officer, Robert McGibney, the company has reduced home prices in these regions due to shifts in the housing markets of Florida and Texas.
Earlier this week, <a href="https://www.benzinga.com/news/earnings/24/09/41014725/kb-home-q3-earnings-revenue-beat-eps-beat-net-orders-flat-variability-in-demand-across-the-quarter">the company reported third-quarter financial results</a>. The company  reported third-quarter revenue of $1.75 billion, beating analyst estimates of $1.728 billion. The U.S. homebuilder reported third-quarter earnings of $2.04 per share, beating analyst estimates of $2.02 per share. 
"We experienced variability in demand across the quarter, with softening in late June through July, as buyers continued to evaluate elevated mortgage interest rates, and general economic concerns were rising. As rates moderated in August, our net orders improved," said&nbsp;Jeffrey Mezger, chairman and CEO of KB Home.
According to the ResiClub <a href="https://www.resiclubanalytics.com/p/kb-home-we-re-cutting-home-prices-in-austin-san-antonio-orlando-and-jacksonville">report</a>, KB Home expects full-year 2024 housing revenues in the range of $6.85 billion to $6.95 billion. Average selling prices for the full year are expected to be approximately $490,000.
According to McGibney, the company has witnessed a revival in sales since the implementation of the price cuts, especially in August, with sales improving each week of the month and continuing into September.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/09/41070482/kb-home-slips-after-earnings-whats-next-for-homebuilders">KB Home Slips After Earnings: What&#8217;s Next for Homebuilders?</a>
ResiClub highlighted that the markets of Austin, San Antonio, Orlando, and Jacksonville are among the few metro area housing markets where active inventory for sale has bounced back to pre-pandemic levels. This rise in inventory was flagged as a critical metric to monitor for potential falling home prices.
Despite the price reductions, KB Home&#8217;s net new orders in Q3 2024 remained essentially unchanged compared to Q3 2023. The company&#8217;s gross margin continues to slowly compress after skyrocketing during the Pandemic Housing Boom, but it has not yet fully returned to pre-pandemic levels.
Why It Matters: The decision by KB Home to reduce prices in these key markets is a significant indicator of the changing dynamics in the housing market. The increase in active inventory, coupled with the company&#8217;s steady sales despite price cuts, suggests a shift in consumer behavior and market conditions. 
This could potentially impact other homebuilders and the overall housing market in the future. As such, this development warrants close monitoring by investors and stakeholders in the real estate sector.
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This Homebuilder Is Slashing Prices In Key Cities Where Prices Soared The Most

In the race for the 2024 Presidential election, Vice President Kamala Harris is witnessing a significant <a href="https://www.benzinga.com/news/24/09/40866884/trump-vs-harris-tense-standoff-in-nail-biter-polls">boost in her election prospects</a>.
What Happened: The Economist&#8217;s latest election forecast shows Harris with a 3 in 5 chance of securing the Electoral College in November, compared to Donald Trump&#8216;s 2 in 5 chance.
This is the strongest position Harris has held since becoming the Democratic presidential candidate. The forecast also anticipates Harris to win 281 Electoral College votes, while Trump is expected to garner only 257.
Over the past three weeks, Harris' odds have surged by 10 percentage points, improving from an even 50-50 split with Trump as of September 8. 
Also Read: <a href="https://www.benzinga.com/news/24/09/40971721/voters-warm-to-kamala-harris-as-election-nears">Voters Warm To Kamala Harris As Election Nears</a>
According to a report <a href="https://www.newsweek.com/kamala-harris-polling-surge-forecast-1960686">by</a> Newsweek, her overall probability of winning the election has grown by 6 percentage points, rising from 52% to 58%. In contrast, Trump's chances have declined by 7 percentage points, dropping from 48% to 41% since the same date.
The forecast also suggests that Harris will secure victory in four swing states—Nevada, Pennsylvania, Michigan, and Wisconsin—while Trump is predicted to win in Georgia, North Carolina, and Arizona. 
However, the margins in these swing states are so narrow that they are still considered competitive.
Despite varying polls, Harris continues to lead in every polling aggregator. For example, FiveThirtyEight&#8217;s polling tracker places Harris 2.8 points ahead, with 48.6 percent to Trump&#8217;s 45.7 percent. 
Race to the White House gives Harris a 60 percent chance of winning the election, with 289 Electoral College votes to Trump&#8217;s 248.
However, data analyst Nate Silver&#8216;s polling tracker puts Harris ahead by 3 points. But his Electoral College predictions were not as favorable for the Democrat. In his newsletter, Silver stated that his model showed the Electoral College is a toss-up.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
When asked about the election forecast, Trump&#8217;s spokesperson Steven Cheung criticized Harris&#8217; campaign. &#8220;Kamala Harris is in desperation mode; that&#8217;s why she keeps lying about her positions. She knows her policies have led to skyrocketing inflation, an out-of-control border, and rampant crime that threatens every community,&#8221; Cheung told the outlet.
Why It Matters: The forecast, derived from a combination of polling data, historical election outcomes, and socio-economic trends, suggests that Harris is outperforming initial expectations. 
This is significant as it reflects a broader acceptance and approval of her policies and leadership style, factors that are crucial as she potentially gears up for a presidential campaign.
Experts attribute this rise in Harris's poll numbers to several key factors. Firstly, her visibility and active engagement in critical national issues have resonated well with the electorate. 
Her advocacy for comprehensive healthcare reforms, her stance on climate change, and her vocal support for social justice initiatives have particularly stood out, aligning her closely with the priorities of a significant segment of the Democratic base.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Vs Harris: This Candidate Skyrockets in Election Forecast, Poised To Secure Victory In Four Swing States

Kevin O&#8217;Leary learned one of his <a href="https://www.benzinga.com/personal-finance/24/07/39710541/kevin-oleary-says-you-can-survive-on-500-000-and-do-nothing-else-to-make-money">biggest money lessons</a> from his mom, Georgette. It all started with a Chanel jacket.
In his book &#8220;Cold Hard Truth on Men, Women &amp; Money,&#8221; O&#8217;Leary describes how he noticed his mom wearing a classic Chanel jacket at a family Christmas dinner in the 1980s. He was shocked when she told him she had bought it 20 years earlier, in the 1960s.
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That jacket wasn't cheap. Georgette had saved up for a whole year to buy it, spending $500. That was a lot of money back then. But she knew something important: quality over quantity. That jacket lasted her two decades. And today, it could sell for about $1,000. &#8220;The perpetually fashionable Chanel blazer would fetch about $1,000 today,&#8221; O&#8217;Leary wrote.
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This lesson stuck with O&#8217;Leary. He started seeing everything he bought as an investment. He focused on quality and what it could be worth later. &#8220;Treat everything you buy as an investment,&#8221; he says. He spends his money like that to this day.
When his mom passed away in 2008, O&#8217;Leary became the executor of her estate, which included her luxury jacket collection. &#8220;Many of those coats were one-of-a-kind collectors&#8217; items and they had massively appreciated in value,&#8221; he shared on LinkedIn.
But it wasn't easy handling the estate. &#8220;The women in my family fought like cats and dogs to get near her clothing,&#8221; O&#8217;Leary joked to CNBC Make It in 2018. &#8220;I had to beat them back with a stick to be fair about it.&#8221;
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O&#8217;Leary took his mom's lesson to heart. He's known for his high-end wardrobe. He proudly showed off a $2,800 Yves Saint Laurent jean jacket. Just like his mom, he's willing to spend more on quality. He sees it as a smart investment.
Over the years, O&#8217;Leary has shared other money tips, too. He warned couples not to mix their finances, advised <a href="https://www.benzinga.com/startups/24/09/40802818/that-really-ruins-thanksgiving-dinner-heres-why-kevin-oleary-has-a-tough-but-fair-and-generous-polic">against lending money to family</a> and discussed the importance of not waiting too long to marry and have kids. But the lesson from his mom's Chanel jacket stuck with him the most. For O&#8217;Leary, it's not just about spending. It's about making smart investments.
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Kevin O'Leary's $1,000 Lesson: How His Mom's Chanel Jacket Shaped His Investment Mindset

Barbara Corcoran, renowned real estate mogul and star of &#8220;Shark Tank,&#8221; has opened up about her personal encounter with Alzheimer&#8217;s disease, following the loss of her mother to the condition.
What Happened: Corcoran&#8217;s mother, Florence, succumbed to Alzheimer&#8217;s 12 years ago at 88 years old. The disease has also impacted two of Corcoran&#8217;s close friends and her grandmother, leading to her own concerns about potentially developing the disease.
Corcoran, along with her ten siblings, formed a caregiving team for their mother as her condition deteriorated. Her brother T spearheaded the efforts, enrolling in an Alzheimer&#8217;s care course and educating the family on how to best care for their mother, <a href="https://fortune.com/well/2024/09/26/barbara-corcoran-shark-tank-losing-mom-alzheimers-disease/">reports</a> Fortune.
"He taught all of us how to care for her and we all got on the same page," Corcoran told the outlet. "He taught all of us to live in mom's reality." So when she would scream about there being a snake under her bed, for example, rather than saying, "No there's not," someone would go into the room, find the snake and "beat the hell out of it." 
Also Read: <a href="https://www.benzinga.com/news/23/08/34071377/shark-tank-star-barbara-corcorans-wealth-philosophy-work-smart-not-hard">Shark Tank Star Barbara Corcoran&#8217;s Wealth Philosophy: Work Smart, Not Hard</a>
Corcoran highlighted the significance of family solidarity and support during such trying times. She also stressed the necessity for external assistance, endorsing online resources like RecognizeAlzheimersAgitation.com, a campaign she is currently associated with.
"My job was to pay for everything," she said. According to the report, she also visited weekly with her brother, while a sister lived across the street from their mom and remained on-call. 
Another sister was a hospice nurse, and got to oversee their mom's care once she entered into hospice care. But, she adds, "There was one brother who just couldn't take it. He couldn't see my mother."
Why It Matters: Corcoran&#8217;s story sheds light on the emotional strain Alzheimer&#8217;s can impose on families and underscores the importance of seeking help and support. 
Alzheimer&#8217;s disease is a growing concern worldwide, with millions of people affected and many more at risk. 
Corcoran&#8217;s openness about her personal experience and her advocacy for resources and support can help raise awareness and provide much-needed support for those dealing with the disease.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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Psychology

Shark Tank's Barbara Corcoran Reveals Her Struggle With Alzheimer's In Her Family

During a recent town hall meeting in Michigan, Donald Trump voiced criticism towards Vice President Kamala Harris and President Joe Biden&#8216;s <a href="https://www.benzinga.com/news/24/09/40971646/harris-vs-trump-kamala-harris-leads-in-fundraising-as-wall-street-silicon-valley-boost-her">electric vehicle policies</a>.
What Happened: Trump engaged in a town hall discussion in Michigan, a pivotal swing state. The conversation was moderated by Sen. Marsha Blackburn (R-Tenn.). The former president used the platform to critique Harris and the Democrats on their energy, economic, and immigration strategies.
Trump&#8217;s trip to Warren, a Detroit suburb, is part of his intensified focus on Michigan and other crucial swing states in the lead-up to Election Day. 
As reported <a href="https://thehill.com/homenews/campaign/4904701-trump-michigan-town-hall/">by</a> The Hill, both Trump and Harris have been making regular visits to these states, targeting blue-collar workers in suburban areas who are potential swing voters.
At the event, Trump expressed disapproval of the Biden administration&#8217;s electric vehicle policy, which he perceives as a mandate. He vowed to abolish the policy on his first day in office, if elected. Trump also blamed Shawn Fain, the president of United Auto Workers (UAW), who endorsed Harris, for allowing Biden to put the policy into action.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State</a>
"They have an electric mandate, Every car is going to be electric, they say. I will terminate that… on day one," Trump said during the rally. &nbsp;
Trump defended his tariff policy, advocating for a &#8220;smart&#8221; strategy to use tariffs &#8220;wisely&#8221; in order to safeguard American business interests. He also criticized Harris for her visit to the U.S.-Mexico border, accusing her of voicing complaints without taking any action.
The town hall, which resembled a Trump rally, saw the former president receiving applause from his supporters in response to his answers to the questions posed.
Why It Matters: The town hall event in Michigan underscores the importance of swing states in the upcoming election. Trump&#8217;s criticism of the Biden administration&#8217;s electric vehicle policy and his pledge to terminate it, if elected, could potentially sway voters in these key states. 
His comments on Harris and the Democrats&#8217; energy, economic, and immigration policies further highlight the stark differences between the two parties&#8217; platforms.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Voices Criticism Of Harris And Biden EV Policies: 'Every Car Is Going To Be Electric, They Say. I Will Terminate That, On Day One'

In August, Jodi Hayes and her spouse were leisurely cruising when things took an unanticipated and distressing turn. While they were still on board the ship, Jodi got an alert from the U.S. Postal Service&#8217;s Informed Delivery program. The email showed that 35 credit cards were on their way to her home – all in the names of people she had never heard of.
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Each of these 35 strangers was added as an authorized user to her Marriott Bonvoy Chase Bank credit card and they could each charge up to $19,000 on her card or withdraw $950 in cash, potentially leaving Jodi responsible for a massive debt.
"I know I have <a href="https://www.benzinga.com/money/what-is-a-good-credit-score">good credit</a>, but I've never seen anything like this ever," Jodi said, clearly frustrated. "This fiasco ruined the end of our vacation."
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As ABC7 <a href="https://www.youtube.com/watch?v=dZXmuHx3yu4">reported</a>, she quickly called Chase Bank while still on the cruise ship to report the issue. However, their response left much to be desired. They initially brushed it off as a possible <a href="https://www.benzinga.com/fintech/23/11/35598813/major-banks-hit-by-clearinghouse-glitch-direct-deposits-delayed">glitch in the system</a> and said they would stop the cards from being activated. They didn't offer much more than a new card and account number without explanation or investigation.
When Jodi contacted ABC7, hoping to get more answers and help, the situation caught the attention of the U.S. Postal Inspection Service. Matthew Norfleet, a postal inspector, explained that this was likely an identity fraud scheme. Using the mail for such schemes is a serious crime that can carry up to 20 years in prison.
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Nevertheless, the deception did not end with Chase. Jodi soon received credit applications from additional banks, including Capital One, Discover, and Citibank, all rejected because of <a href="https://www.benzinga.com/money/how-to-improve-credit-score">insufficient credit history</a>. The repeated use of the same fictitious names demonstrated these con artists&#8217; persistence when they &#8220;smell&#8221; an opportunity.
Jodi protected herself in many correct ways despite the danger and absurdity of the situation. She kept an eye on her mail using the USPS Informed Delivery program and secured her mailbox with a lockbox to deter burglars. To further lower the chance of mail theft, the Postal Service even advises holding your mail at the post office while you&#8217;re on the road.
This situation demonstrates how essential it is to monitor your accounts and personal data. While Jodi's quick actions and the use of Informed Delivery helped catch the problem before it got worse, not everyone is so lucky. Identity theft can happen to anyone, but tools like Informed Delivery can help spot potential problems early.
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35 Strangers Were Fraudulently Added To Her Card During A Cruise, But One U.S. Postal Service Was Key In Preventing A Possible Disaster

Vice President Kamala Harris visited the <a href="https://www.benzinga.com/topic/us-mexico-border">U.S.-Mexico border</a> on Friday where she called for tighter asylum restrictions and vowed to make the smuggling of deadly <a href="https://www.benzinga.com/topic/fentanyl">fentanyl</a> a &#8220;top priority&#8221; as she laid out plans to fix what she called "our broken immigration system.&#8221;  
In her first trip to the southern border, Harris said <a href="https://www.benzinga.com/news/24/09/41078459/vice-president-harris-promises-tougher-border-security-and-immigration-reform-in-arizona">she'd take action</a> to keep the border closed between ports of entry. "Those who cross our borders unlawfully will be apprehended and removed and barred from re-entering for five years,&#8221; Harris said in Douglas, Arizona.
The VP also took the opportunity to lash out at her opponent, Donald Trump, who she accused of &#8220;fanning the flames of fear and division&#8221; over the impact of immigrants in the U.S.
<h2 class="wp-block-heading">Trump: &#8216;Worst Border Crisis In The History Of The World&#8217;</h2>
With immigration and border security a top issue for voters and with Arizona being a tightly contested state, Trump jumped right. &#8220;The architect of this destruction is Kamala Harris,&#8221; he said at Trump Tower in Manhattan on Friday. &#8220;She keeps talking about how she supposedly wants to fix the border. We would merely ask, Why didn&#8217;t she do it four years ago? It&#8217;s a very simple question.&#8221;
Read Also: <a href="https://www.benzinga.com/news/24/09/41078593/democratic-presidential-nominee-kamal-harris-slightly-ahead-of-trump-in-6-key-battleground-states-po">Democratic Presidential Nominee Kamala Harris Slightly Ahead Of Trump In 6 Key Battleground States: Poll</a>
Prior to Harris's Arizona trip, Trump <a href="https://www.reuters.com/world/us/harris-visits-us-southern-border-trump-focuses-immigration-2024-09-27/">told</a> the media on Thursday, also at Trump Tower that "For nearly four years, we have been living through the worst border crisis in the history of the world. There's never been anything like it, which has brought untold suffering, misery, and death upon our land."
He accused Harris of turning small US towns into &#8220;blighted refugee camps.&#8221;
"Americans have watched their communities destroyed by this sudden, suffocating inundation of illegal aliens. It's an inundation. It's an invasion," Trump said. "This influx has overwhelmed our schools. They're taking the seats of students that can no longer go there, and they don't even speak English."
<h2 class="wp-block-heading">Deadly Fentanyl And Mexican Cartels</h2>
Harris vowed to target the &#8220;entire global fentanyl supply chain" by increasing funding to prosecute criminal organizations, fentanyl manufacturers and smugglers, likely referring to <a href="https://www.benzinga.com/markets/cannabis/23/04/31821659/us-justice-dept-charges-el-chapos-sons-and-other-sinaloa-cartel-members-in-fentanyl-trafficking">Mexico's Sinaloa cartel</a>. The&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/01/30298349/el-chapos-son-capo-of-mexicos-biggest-drug-cartel-captured-revenge-and-violence-spreading-in-sin" target="_blank" rel="noreferrer noopener">DEA has said</a>&nbsp;that most of the fentanyl trafficked across the southern border comes from the Sinaloa cartel, despite the fact that its leader&nbsp;Joaquin &#8220;El Chapo&#8221; Guzmán&nbsp;is serving a&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/01/30516394/el-chapo-wants-to-serve-his-sentence-at-home-does-mexico-have-a-prison-secure-enough-to-hold-him" target="_blank" rel="noreferrer noopener">life sentence </a>Colorado&#8217;s Supermax prison.
Fentanyl overdoses are the leading cause of death among Americans between the ages of 18 and 45. Over 107,000 Americans died from drug overdoses in 2023, according to the Centers for Disease Control (CDC).
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Photo by Avi Rozen on Shutterstock

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