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Financial Gravity Companies Inc through its subsidiaries helps investment advisors and tax professionals expand their businesses by adding additional services, including their own multi-family office. Financial services professionals are able to leverage Financial Gravity systems, technology, proprietary resources, and deep domain expertise to provide a comprehensive financial service experience to their clients that spans proactive tax planning, retirement and estate planning, wealth management, and risk mitigation. The company's operating segments include FGCO; Forta; FGAM; FGFOS; FGIS; FGEM; and TMN.

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Leading cryptocurrencies slid Wednesday as investors were alarmed by the transfer of half a billion dollars worth of seized Bitcoin out of U.S. government wallets.
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-3.01%</td>
<td>$58,973.57</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>-1.74%</td>
<td>$2,688.00</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>-3.26%</td>
<td>$0.1029</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rallied to $61,670 during the morning hours on <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">cooler-than-expected July consumer price index</a> (CPI) data, but quickly pulled back and trended down after the U.S. government <a href="https://x.com/ArkhamIntel/status/1823755773987500286">moved </a>as many as 10,000 Bitcoins, worth $593 million, recovered from the <a href="https://www.benzinga.com/markets/cryptocurrency/23/12/36335919/from-black-market-bazaar-to-digital-dungeon-silk-road-bitcoin-hoard-forfeited-ulbrichts-sh">Silk Road</a> incident.
The top cryptocurrency rose 5.45% this week, but it has failed to fully recover losses from the contraction <a href="https://www.benzinga.com/top-stories/24/08/40135326/fed-made-a-serious-error-in-keeping-rates-unchanged-before-july-jobs-report-cio">triggered over recession fears</a> earlier this month.
Ethereum witnessed a similar trajectory, sailing to $2,770 morning before retracing to the high $2,600 region.
The total cryptocurrency liquidation hit $121 million in the past 24 hours, with long liquidations accounting for 73% of the total.
Bitcoin's Open Interest dipped marginally by 0.06%, while the number of traders going long on the leading currency rose in the last 24 hours.
The market continued to be in a state of "Fear," according to the Cryptocurrency Fear &amp; Greed Index, indicating significant selling pressure.
Top Gainers (24-Hours)
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Aave (AAVE)</td>
<td>+9.74%</td>
<td>$106.58</td>
</tr>
<tr>
<td>Toncoin (TON)</td>
<td>+6.91%</td>
<td>$6.89</td>
</tr>
<tr>
<td>Flare (FLR)</td>
<td>+4.71%</td>
<td>$0.01583</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market stood at $2.09 trillion, shrinking 1.90% in the last 24 hours.
Stocks inched higher Thursday on favorable inflation data. The Dow Jones Industrial Average rose 242.75 points, or 0.61%, to end at 40,008.39. The broad-based index S&amp;P 500 gained 0.38% to close at 5,455.21. The tech-heavy Nasdaq Composite added 0.03% to end at 17,192.60.
The CPI saw a cooler-than-anticipated annual headline print in July, boosting investors' hopes of larger interest rate cuts by the Federal Reserve.
According to the CME FedWatch tool, there was a 62% probability of the Fed lowering rates to the 5.25-5.5% range.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Well-known cryptocurrency analyst Rekt Capital pointed out how $61,700 was providing stiff resistance to Bitcoin bulls.
The analyst also highlighted how King Crypto was oscillating between late June wedge highs of $62,000 and the early July wedge highs of $58,280.
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<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> Notice how the local highs of ~$61700 (black) are acting as resistance Interestingly, BTC is consolidating between the late June wedge highs (~$62000 black) which are back to figuring as resistance and the early July wedge highs ($58280) which are now acting as support… <a href="https://t.co/tkr08M31wG">https://t.co/tkr08M31wG</a> <a href="https://t.co/GwlNRRHYOU">pic.twitter.com/GwlNRRHYOU</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1823808147863085338?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
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Widely-followed trader Michaël van de Poppe observed that the possibility of a rate cut by the Fed was "approaching," and predicted that it would lead to upward price action for Bitcoin as well.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">CPI data comes out and is positive, slightly lower than expected. The likelihood of a rate cut is approaching for the FED, through which the likelihood of QE &amp; upward price action for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has increased as well. <a href="https://t.co/IfzIcmZ3OU">pic.twitter.com/IfzIcmZ3OU</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1823781634887295299?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
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Image via Shuttersstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40344908/bitcoin-long-term-holders-have-been-accumulating-in-july-analysts-report">Bitcoin Long-Term Holders Have Been Accumulating In July, Analysts Report</a></li>
</ul>

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$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Dip As US Government Transfers Millions In BTC To Another Wallet: Analyst Sees Higher Chance of King Crypto Moving Higher After Positive CPI Data

Renowned economist and vocal Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) critic Peter Schiff has denounced the <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">July Consumer Price Index</a> as a &#8220;fraud&#8221; and has made a bold prediction about the potential consequences of a September Federal Reserve rate cut.
What Happened: Schiff took to X to express his skepticism about the CPI, which rose by 2.9% year-over-year in July. He attributed this modest increase to a significant drop in used car prices, which fell by nearly 11%. 
Schiff questioned the accuracy of the CPI, arguing that it fails to reflect the rising costs of essential expenses such as auto insurance, which increased by 18.6%.
&#8220;The main reason July YoY #CPI only rose by 2.9% was that used car prices dropped nearly 11%. How many used cars does the typical American buy each month? Yet, auto insurance prices rose 18.6%, a bill that all motorists pay monthly. This is just one reason why the CPI is a fraud,&#8221; Schiff wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The main reason July YoY <a href="https://twitter.com/hashtag/CPI?src=hash&amp;ref_src=twsrc%5Etfw">#CPI</a> only rose by 2.9% was that used car prices dropped nearly 11%. How many used cars does the typical American buy each month? Yet, auto insurance prices rose 18.6%, a bill that all motorists pay monthly. This is just one reason why the CPI is a fraud.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1823858475593818172?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
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Despite the CPI data suggesting that a rate cut is unwarranted, Schiff believes that the Fed will proceed with a rate cut in September. He warned that the market, which has already factored in a September rate cut, will crash if the Fed fails to deliver.
&#8220;A Sept. cut is already priced into the #StockMarket. If the Fed doesn&#8217;t deliver the market will crash,&#8221; Schiff wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Despite the fact that the <a href="https://twitter.com/hashtag/inflation?src=hash&amp;ref_src=twsrc%5Etfw">#inflation</a> data not only doesn&#39;t support a rate cut, but confirms that additional rate hikes are necessary, the <a href="https://twitter.com/hashtag/Fed?src=hash&amp;ref_src=twsrc%5Etfw">#Fed</a> will cut rates in Sept. anyway. A Sept. cut is already priced into the <a href="https://twitter.com/hashtag/StockMarket?src=hash&amp;ref_src=twsrc%5Etfw">#StockMarket</a>. If the Fed doesn&#39;t deliver the market will crash.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1823771910490001840?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40337044/producer-prices-slow-more-than-expected-in-july-bolster-fed-rate-cut-wagers?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Producer Prices Slow More Than Expected In July, Bolster Fed Rate Cut Wagers</a>
Why It Matters: The July CPI report, released on Tuesday, showed a 2.9% increase in the overall cost of goods and services over the past year, <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">slightly below the expected 3%</a>. This marks the fourth consecutive decline in the annual inflation rate and the smallest increase since March 2021.
The Core CPI, which excludes food and energy, was up 3.2% vs last year and up 0.2% from last month. Both of those were consistent with expectations. The annual number is still well above the Fed's 2.0% target although there is a clear trend in recent months toward disinflation.
Before the release of the July inflation data, traders had <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">assigned equal odds</a> for a 50-basis-point or a smaller 25-basis-point rate cut by the Fed in September.
Meanwhile, Mohamed El-Erian, the Chief Economic Advisor at Allianz, criticized the <a href="https://www.benzinga.com/news/24/08/40356500/mohamed-el-erian-argues-fed-missed-july-rate-cut-chance-cautions-against-expecting-a-200-basis-point">Fed for not reducing interest rates</a> in July, warning that the market's anticipation of a 200 basis point cut in the next year is excessive.
Additionally, the Home Depot Inc. CEO highlighted that inflation continues to <a href="https://www.benzinga.com/24/08/40381559/home-depot-ceo-says-inflation-keeps-eating-away-at-disposable-income-are-home-repairs-being-put-off">erode disposable income</a>, causing homeowners to delay renovations. This consumer behavior aligns with the broader economic trend of cautious spending amid high inflation and interest rates. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40357431/peter-schiff-has-a-warning-on-fed-cutting-interest-rate-federal-budget-deficits-and-weaker-dollar-wi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Has A Warning On Fed Cutting Interest Rate: Federal Budget Deficits And Weaker Dollar Will Fuel Higher Inflation</a></li>
</ul>
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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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Economics

Federal Reserve

Peter Schiff Slams July CPI Figure As 'Fraud,' Economist Explains The Low Number With Used Car Sales Numbers: Data Doesn't Support A Rate Cut

Renowned economist Justin Wolfers recently expressed his skepticism about the competency of Donald Trump&#8217;s economic team and the potential impact of his policies.
What Happened: Wolfers took to X on Wednesday, to voice his concerns about the economic team that would serve under Trump if he were to get re-elected. He stated, &#8220;The list of economists who&#8217;ve said they will willingly serve under Trump is the least impressive list of economists in history.&#8221; He further criticized Trump&#8217;s approach to policy-making and the lack of a competent economic team.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The list of economists who&#39;ve said they will willingly serve under Trump is the least impressive list of economists in history.&quot; Trump&#39;s going to make up policy on the fly, and he doesn&#39;t have a remotely competent econ team. No serious Republican economist will work with him. <a href="https://t.co/87eR33Ww0B">pic.twitter.com/87eR33Ww0B</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1823830097939304514?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
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Wolfers&#8217; comments come amidst a wave of discussion among economists regarding Trump&#8217;s proposal to eliminate federal taxes on Social Security income. While some economists, like Steve Moore, co-founder of the Committee to Unleash Prosperity, have supported Trump&#8217;s proposal, others have expressed concerns about the potential economic risks associated with his policies.
See Also: <a href="https://www.benzinga.com/news/24/08/40329545/trump-left-shocked-by-power-hungry-ai-tells-elon-musk-requires-twice-the-energy-that-the-country-alr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Left Shocked By Power-Hungry AI, Tells Elon Musk: &#8216;Requires Twice The Energy That The Country Already Produces&#8217;</a>
Why It Matters: Trump&#8217;s economic policies have been a subject of debate among economists. A group of 16 Nobel Prize-winning economists had <a href="https://www.benzinga.com/news/24/06/39494434/trump-will-reignite-inflation-say-16-nobel-prize-winning-economists-in-a-letter-joe-bidens-economic">earlier warned</a> about the potential economic risks if Trump were to be re-elected for a second term. They cautioned that a second Trump term could lead to a resurgence of inflation.
Furthermore, a survey conducted by The Wall Street Journal suggested that a potential win for Trump in the upcoming presidential election could result in a <a href="https://www.benzinga.com/news/24/07/39761609/trump-or-biden-most-economists-say-this-candidates-win-could-bring-higher-inflation">surge in inflation</a>, deficits, and interest rates. Analysts have also warned that Trump&#8217;s &#8220;America-first&#8221; policies could lead to a surge in global inflation.
Wolfers&#8217; post on X reflects the concerns shared by many economists about the potential economic impact of Trump&#8217;s policies and the competency of his economic team.
Kamala Harris led Trump by three points in a recent poll, with <a href="https://www.benzinga.com/general/politics/24/08/40355353/harris-vs-trump-vice-president-leads-2024-election-poll-by-3-points-shows-strength-among-indepen">key support</a> from Independent voters and strong net favorability, according to a Benzinga report.
Image via Shutterstock
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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

Trump's Potential Economic Team Is 'Least Impressive' In History, Says Economist Justin Wolfers: He Will 'Make Up Policy On The Fly'

The creator of the Famous Amos cookie empire and a passionate advocate for children&#8217;s literacy, Wallace &#8220;Wally&#8221; Amos, passed away at the age of 88.
What Happened: Amos, who lost ownership of the Famous Amos company and the rights to use his name, later became the owner of a cookie shop, Chip &amp; Cookie, in Hawaii. He passed away at his home in Honolulu from complications related to dementia, according to his children, according to <a href="https://apnews.com/article/wallace-amos-died-8ae1ee33fb8f49d483da81ea485b8864#:~:text=HONOLULU%20(AP)%20%E2%80%94%20Wallace%20%E2%80%9C,He%20was%2088">AP News</a>.
His children, in a statement, described Amos as a &#8220;great American success story, and a source of Black pride.&#8221; They noted his influence on a generation of entrepreneurs when he founded the world&#8217;s first cookie store in Los Angeles in 1975.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40322027/trumps-flip-on-marijuana-legalization-conflicts-with-running-mate-jd-vance-who-does-not-share-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Flip On Marijuana Legalization Conflicts With Running Mate JD Vance Who Does Not Share The Sentiment</a>
Amos also co-founded Uncle Wally&#8217;s Muffin Co., whose products are sold nationwide. Despite his fame, Amos maintained that being famous was &#8220;highly overrated.&#8221;
Amos was also known for his efforts in promoting literacy. He served as a spokesperson for Literacy Volunteers of America for 24 years and was recognized for his volunteerism, including receiving the Literacy Award from President George H.W. Bush in 1991.
Why It Matters: His created brand, Famous Amos, was part of a significant business deal in 2019. <a href="https://drupal-cloudfront.benzinga.com/analyst-ratings/analyst-color/19/04/13470376/analyst-kellogg-trims-the-fat-by-selling-keebler-other-">Kellogg Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>)</a> sold its cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cone businesses to the Ferrero Group for $1.3 billion. 
The brands involved in the sale included Keebler, Famous Amos, Mother's, Murray brands, Stretch Island brand, and cookies manufactured for Girl Scouts of the USA. These businesses generated $900 million in sales with approximately $75 million in profit, representing 6.6 percent of Kellogg's sales.
Photo by Joshua Bedford on Unsplash
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/08/40305295/after-trump-proposes-presidential-control-over-feds-interest-rate-decisions-bank-of-america-ceo-says?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Trump Proposes Presidential Control Over Fed&#8217;s Interest Rate Decisions, Bank Of America CEO Says Jerome Powell&#8217;s Independence Is Crucial: &#8216;Independent And Freely Operating Central Banks Tend To Fare Better&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Wallace 'Wally' Amos, Founder Of Famous Amos Cookie Empire And Literacy Advocate, Dies At 88

The World Health Organization (WHO) has declared mpox, a viral infection, a global public health emergency. This is the second such declaration in two years due to a new outbreak spreading across Africa.
What Happened: The WHO made the declaration following an outbreak of the viral infection in the Democratic Republic of Congo, which has since spread to neighboring countries. The WHO&#8217;s emergency committee convened earlier in the day to advise Director-General Tedros Adhanom Ghebreyesus on the situation, reported Reuters.
The outbreak in Congo began with the spread of an endemic strain, known as clade I. However, a new variant, clade Ib, appears to spread more easily through routine close contact, including sexual contact. This variant has now spread to neighboring countries, including Burundi, Kenya, Rwanda, and Uganda.
&#8220;The detection and rapid spread of a new clade of mpox in eastern DRC, its detection in neighboring countries that had not previously reported mpox, and the potential for further spread within Africa and beyond is very worrying,&#8221; said Tedros.
The WHO has released $1.5 million in contingency funds and plans to release more in the coming days. The agency&#8217;s response plan would require an initial $15 million, and it plans to appeal to donors for funding.
Earlier this week, Africa&#8217;s top public health body declared an mpox emergency for the continent after warning that the viral infection was spreading at an alarming rate, with more than 17,000 suspected cases and over 500 deaths this year, mainly among children in Congo.
See Also: <a href="https://www.benzinga.com/news/24/08/40359386/joe-biden-calls-ukraines-aggressive-assault-on-russias-territory-a-real-dilemma-for-russian-presiden?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Joe Biden Calls Ukraine&#8217;s Aggressive Assault On Russia&#8217;s Territory A &#8216;Real Dilemma&#8217; For Russian President</a>
Why It Matters: Mpox, first discovered in the late 1950s, disappeared for decades with the eradication of smallpox in 1980 but <a href="https://www.benzinga.com/general/biotech/22/05/27303600/what-is-monkeypox-virus-that-is-spreading-in-europe-us">reemerged in Nigeria</a> in 2017. Since then, Nigeria has reported at least 450 cases, with at least eight cases reported internationally.
Just two years ago, the WHO declared a <a href="https://www.benzinga.com/news/22/05/27334070/6-stocks-to-watch-amid-monkeypox-outbreak">monkeypox outbreak</a> a global emergency, with more than 16,000 cases reported in over 75 countries. The number of confirmed monkeypox infections rose 77% from late June through early July.
Amid these outbreaks, vaccine stocks have been in focus, as highlighted in a <a href="https://www.benzinga.com/general/biotech/24/06/39213667/first-human-death-from-bird-flu-strain-puts-vaccine-stocks-back-on-the-map">Benzinga report</a> from June. A surge in vaccine stocks followed the death of a man from a never-before-seen bird flu strain.
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<li><a href="https://www.benzinga.com/news/24/08/40329136/kamala-harriss-campaign-slams-elon-musks-interview-with-ex-president-he-is-using-his-purchased-platf?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris&#8217;s Campaign Slams Elon Musk&#8217;s Interview With Ex-President: &#8216;He Is Using His Purchased Platform &#8230; To Spread Trump&#8217;s Unhinged And Hateful Agenda&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Health Care

Mpox Declared A Global Public Health Emergency By WHO Amid Rapid International Spread

Vice President Kamala Harris is gaining ground in the 2024 election polls, while former President Donald Trump&#8217;s actions are being perceived as &#8220;political suicide&#8221;, according to renowned GOP pollster Frank Luntz.
What Happened: Luntz, in a Wednesday interview, pointed out a surge in Harris&#8217;s popularity, attracting a section of the electorate that might not have voted in November if President Joe Biden had remained the party&#8217;s nominee. This was reported by <a href="https://thehill.com/homenews/campaign/4828533-luntz-trump-committing-political-suicide-harris-intensity-advantage/">The Hill</a>.
Luntz emphasized Harris&#8217;s &#8220;intensity advantage&#8221; as a game-changer. &#8220;She&#8217;s bringing out people who are not interested in voting for either Trump or Biden,&#8221; he said. This shift, he suggested, could potentially lead to Democrats winning the Senate and the House.
Trump&#8217;s actions, such as praising Elon Musk for firing union workers who went on strike, are seen as detrimental to his appeal. &#8220;It&#8217;s as though he&#8217;s lost control,&#8221; Luntz remarked, adding that Trump&#8217;s actions are puzzling to the billionaires funding his campaign.
Luntz noted that despite the issues and conditions of the country favoring Trump, the attributes are so much in Harris&#8217;s favor that Trump is losing ground. &#8220;You shift the demographics, and you shift the entire outcome,&#8221; he stated.
See Also: <a href="https://www.benzinga.com/news/24/08/40304080/scaramucci-if-kamala-harris-follows-obama-playbook-the-race-is-over-trump-people-are-very-worried?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Scaramucci: If Kamala Harris Follows Obama Playbook, The Race Is Over: &#8216;Trump People Are Very Worried&#8217;</a>
Why It Matters: The shift in favor of Harris has been <a href="https://www.benzinga.com/news/24/08/40356637/nikki-haley-tells-trump-gop-to-stop-complaining-about-kamala-harris-candidacy-it-was-her-all-the-tim">building for some time</a>. Furthermore, Harris has been leading Trump in head-to-head election polls since Biden dropped out of the 2024 race. A poll <a href="https://www.benzinga.com/general/politics/24/08/40355353/harris-vs-trump-vice-president-leads-2024-election-poll-by-3-points-shows-strength-among-indepen">showed</a> Harris leading by three points, a lead that <a href="https://www.benzinga.com/news/24/08/40282724/trump-vs-harris-vice-president-nearly-doubles-lead-in-less-than-a-month-strongly-outperforms-bidens">nearly doubled</a> within a month, as per another survey.
Former GOP presidential candidate Nikki Haley recently urged Republicans to stop complaining about Harris&#8217;s candidacy and to take on the challenge of facing a younger candidate, stating, &#8220;It was her all the time.&#8221;
Image Via Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Has 'Lost Control,' Says Veteran GOP Pollster — Kamala Harris Holds 'Intensity Advantage' As A Game Changer

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Vice President Kamala Harris selected Minnesota Gov. Tim Walz as her running mate in the <a href="https://www.benzinga.com/general/politics/24/08/40190330/kamala-harris-picks-tim-walz-as-running-mate-will-minnesota-governor-help-dems-take-swing-states">2024 presidential election.</a>
The move led to criticism from Republicans over his military record and handling of the COVID-19 pandemic in Minnesota. A new poll shows his favorability ranking has grown since he was announced as the vice-presidential selection.
What Happened: The selection of Walz came as a slight surprise as his name was not one of the frontrunners in the weeks leading up to Harris' selection, but may have won over additional voters thanks to his political experience, military service, gun rights stance and <a href="https://www.benzinga.com/general/politics/24/08/40195119/tim-walz-joins-kamala-harris-on-democratic-ticket-5-things-to-know-about-minnesota-governor-vp-p">past career as a teacher.</a>
On Wednesday, billionaire Elon Musk <a href="https://x.com/elonmusk/status/1823834116170904063">said </a>"Walz is the worst" in response to a tweet questioning his past military service.
Musk has endorsed Donald Trump for president and has been critical of Harris and current President Joe Biden in the past.
A new Morning Consult <a href="https://pro.morningconsult.com/analysis/tim-walz-favorability-ratings?utm_campaign=organic-social&amp;utm_content=1723559264&amp;utm_medium=social&amp;utm_source=twitter">poll </a>shows that many voters were not familiar with Walz before his selection as Harris' running mate, but are now becoming more familiar and having a favorable opinion.
Here's a look at the current rankings and the rankings from the previous week
Favorable: 38% (18%)
Unfavorable: 33% (11%)
Heard Of, No Opinion: 14% (14%)
Never Heard Of: 15% (54%)
Walz has a net favorable rating of five points as both his favorable and unfavorable ratings rose. The +5 points is ahead of Republican vice-presidential candidate J.D. Vance who had a net favorable rating of -1 points at the same point after being selected by Trump for the 2024 election.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: Among Democratic voters, Walz has a favorable rating of 68% and unfavorable rating of 8%. Independent voters are split with a 33% favorable rating and 32% unfavorable rating.
Young voters (aged 18-34) show a strong lean towards Walz being viewed as favorable with 34% saying they have a favorable rating and 22% saying they have an unfavorable rating, for a net favorability of 12 points.
Voters aged 65 and up are one group that don't rank Walz as favorable with 43% saying they have an unfavorable rating and 42% saying they have a favorable rating.
The net positive rankings among Independent voters, young voters and overall voters could prove to be a positive for Harris and her presidential campaign, which is <a href="https://www.benzinga.com/general/politics/24/08/40355353/harris-vs-trump-vice-president-leads-2024-election-poll-by-3-points-shows-strength-among-indepen">gaining momentum in election polls.</a> Walz ranking higher than Vance did after the second week following his pick as a vice presidential candidate also favors Harris in the race.
Harris leads Trump by three points in the latest Morning Consult weekly poll. Harris has a favorable rating of 49% and an unfavorable rating of 47%. Harris' net favorability rating of two points is significantly ahead of Trump's -12 point net favorable score.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent081424">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Photo: Shutterstock

Musk Says Tim Walz 'Is The Worst,' But 2024 Election Poll Shows Strong Favorability For Harris VP Pick

Nine members of New York City's "Common Sense" Caucus are taking a stand against the state's Cannabis Control Board (CCB), urging Governor Kathy Hochul to block a proposal that could flood the city with <a href="https://www.benzinga.com/markets/cannabis/24/08/40150356/heres-where-to-buy-legal-weed-new-yorks-cannabis-market-expands-other-states-are-keeping-up">more cannabis dispensaries. </a>
This proposal, if approved, would allow waivers to the existing 1,000-foot buffer zone between legal cannabis shops, potentially permitting multiple dispensaries to operate on the same block, The New York Post <a href="https://nypost.com/2024/08/13/us-news/nyc-pols-from-all-boroughs-urge-ny-gov-kathy-hochul-to-keep-rule-limiting-pot-shops/">reported.</a>
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39735785/ny-cannabis-stores-get-green-light-for-flashy-ads-and-discounts-as-state-approves-over-100-new-p">NY Cannabis Stores Get Green Light For Flashy Ads And Discounts As State Approves Over 100 New Permits</a>
In a letter sent to Governor Hochul and CCB chairwoman Tremaine Wright, the council members voiced their concerns about the potential negative impact on New York City communities.
"Flooding our city with more dispensaries not only degrades the quality of life in these communities but also decreases the value of these licenses and only encourages more illegal sales," the letter stated.
<h3 class="wp-block-heading">Overcrowded Market Concerns: Why NYC Lawmakers Are Alarmed</h3>
The council members, including representatives from Queens, Brooklyn, Staten Island, and the Bronx, argue that the current buffer zones are essential to maintaining a balanced and sustainable cannabis market. They believe that reducing these zones would not only lead to an over saturation of the market but also complicate ongoing efforts to combat illegal cannabis sales.
"We are at a critical juncture, and any reduction in the buffer zone at this time would only exacerbate the situation," added council members Robert Holden, Joann Ariola, and Vickie Paladino of Queens, alongside their colleagues from other boroughs.
The lawmakers also praised Mayor Eric Adams' administration for its "Operation Padlock to Protect" initiative, which has successfully closed down hundreds of illicit cannabis shops. They called this a "positive step" towards controlling the state's legal-pot program but emphasized that the battle against illegal dispensaries is far from over.
<h3 class="wp-block-heading">The Buffer Zone Debate: A Controversial Proposal Divides New York</h3>
The CCB's proposal has sparked a significant debate among New York's political leaders. The plan to provide waivers that would allow dispensaries to open within 1,000 feet of each other has met with resistance from several quarters. Critics argue that the move could undermine the state's fledgling legal cannabis industry by diluting the value of licenses and making it even harder to shut down illegal operations.
Manhattan state assemblyman Harvey Epstein, who participated in a press conference addressing the issue, expressed his doubts about the proposal.
"It doesn't make sense right now," Epstein said. "We want the legal cannabis market to succeed. Oversaturating the market would be a problem. We're still burdened with illegal shops."
Currently, New York has 161 licensed dispensaries, nearly half of which are located in New York City and Long Island. Some of these licensed cannabis stores have even threatened legal action if the state proceeds with loosening the buffer zone rule.
<h3 class="wp-block-heading">Cannabis Control Board Responds: What's Next For New York's Legal Market?</h3>
In response to the growing concerns, the Office of Cannabis Management (OCM) issued a statement defending the proposed waivers. 
According to the OCM, New York's cannabis law and regulations "establish a framework" that allows the CCB to consider waivers based on public convenience and advantage factors. The agency emphasized that the vote by the CCB is a necessary step in creating a process to implement these waivers.
"The current regulations were too broad and nonspecific, and would have prevented the Board from establishing the public convenience and advantage criteria needed to objectively analyze requests," the OCM stated. 
They assured that the proposed regulations will be open for public comment for 60 days, during which time feedback from stakeholders will be solicited.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/40085217/new-york-shuts-down-over-1-000-illegal-cannabis-stores-boosting-legal-sales-by-72">New York Shuts Down Over 1,000 Illegal Cannabis Stores, Boosting Legal Sales By 72%</a></li>
</ul>

Cannabis

NY City Council To Hochul: Stop Cannabis Buffer Zone Loosening Because 'It Encourages Illegal Sales'

Florida Gov. Ron DeSantis came up with another reason to oppose Florida's&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/04/38037079/cannabis-execs-advocates-delighted-with-floridas-supreme-court-ruling-to-allow-legalization-amen" target="_blank" rel="noreferrer noopener">ballot measure to legalize cannabis</a>, also known as <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d" target="_blank" rel="noreferrer noopener">Amendment 3</a>. Unlike the others — stinky <a href="https://www.benzinga.com/markets/cannabis/24/03/37588620/gops-desantis-takes-issue-with-cannabis-odor-in-public-places-says-legalization-proposal-should-">weed smells</a> choking the streets, increased crime, people smoking everywhere all the time — this one is geographical, sort of.
&#8220;How ridiculous is this, that we would let our Constitution basically be rent-seeking for some Canadian marijuana company? I mean, give me a break,&#8221; DeSantis said at a RNC lunch meeting, <a href="https://www.tallahassee.com/story/news/politics/elections/2024/08/14/desantis-calls-trulieve-canadian-amid-recreational-marijuana-fight/74727137007/">reported</a> the Tallahassee Democrat on Wednesday.
<h1 class="wp-block-heading">Who Is This Canadian Interloper?</h1>
That would be the largest medical marijuana company in Florida, Trulieve Cannabis Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>).
&#8220;The fact of the matter is that Trulieve is Florida-born, our products are Florida-grown, and we are headquartered in Florida with most of our nearly 4,000 employees living here as well,&#8221; said Trulieve's CEO, Kim Rivers, who by the way is also from Florida. 
&#8220;I am a Florida native, born and raised here, and this is my home. And, I might add, Florida law requires us and all MMTCs (medical marijuana treatment centers) to be Florida-based, so any statements to the contrary are completely false.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40347041/trump-ally-matt-gaetz-flip-flops-opposes-floridas-marijuana-legalization-he-once-championed">Trump Ally Matt Gaetz Flip-Flops: Opposes Florida&#8217;s Marijuana Legalization He Once Championed</a>
<h1 class="wp-block-heading">Geographically Challenged Or Blinded By His Opposition?</h1>
Trulieve spokesperson Steve Vancore clarified the situation.
In 2018, Trulieve acquired a Canadian mining business through a reverse takeover, forming Trulieve Cannabis Corp. This allowed the company to trade publicly on a Canadian stock exchange, skirting the restrictions imposed on marijuana companies by U.S. federal law that continues to regard cannabis as a Schedule I drug. 
The only connection to Canada is the holding company formed for stock trading purposes, Vancore explained, per the outlet.
&#8220;Trulieve Cannabis Corp is NOT the licensee, nor has it, the holding company, made a single donation to the Smart &amp; Safe Florida campaign,&#8221; Vancore added, referring the the group leading the pro-Amendment movement.
<h1 class="wp-block-heading">&#8216;Can&#8217;t Make This Stuff Up&#8217;</h1>
John Morgan, founder of the Morgan &amp; Morgan law firm and a spokesperson for <a href="https://www.benzinga.com/markets/cannabis/24/04/38313915/cannabis-in-florida-the-bellamy-brothers-tell-trulieve-ceo-we-rolled-a-fat-one-when-legalization" target="_blank" rel="noreferrer noopener">Smart &amp; Safe Florida</a>, pointed out the irony in DeSantis' criticism, especially considering the <a href="https://www.benzinga.com/general/biotech/24/01/36513924/strides-toward-lower-drug-costs-florida-becomes-first-to-receive-nod-to-import-prescription-drugs">governor's efforts</a> to bring Canadian pharmaceuticals to Florida.
&#8220;It's not true, of course, Trulieve is BY LAW a Florida-based company. But now he [DeSantis] is crowing about how hard he is working to bring Canada pharmaceuticals to Florida. You just can't make this stuff up,&#8221; said Morgan, who played a significant role in legalizing medical marijuana in Florida.
University of Florida finance professor Jay Ritter offered a nuanced perspective in an interview with the USA TODAY NETWORK-Florida.
&#8220;I&#8217;d be inclined to call it a U.S. company that is traded in Canada,&#8221; Ritter said, adding that voters should focus on the issue of marijuana legalization itself rather than the company's trading status.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/08/40351943/trumps-nod-could-seal-floridas-marijuana-legalization-initiative-says-longtime-ally-roger-stone">Trump&#8217;s Nod Could Seal Florida&#8217;s Marijuana Legalization Initiative, Says Longtime Ally Roger Stone</a></li>
</ul>

Regulations

Global

TCNNF

Ron DeSantis Slams Trulieve's Alleged 'Canadian' Ties In His Battle Against Cannabis Legalization

The 2024 Summer Olympics in Paris were watched by more than 30 million viewers in the U.S., marking an increase from <a href="https://www.benzinga.com/general/entertainment/24/08/40341238/comcast-stock-to-win-gold-medal-2024-summer-olympics-viewership-up-82-from-2020-olympics">the 2020 Summer Olympics in Tokyo.</a>
A poll of Benzinga readers shows that investors might not be as interested in the sporting spectacle as other fans around the world were.
What Happened: Media company Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) received a boost in viewership for the <a href="https://www.benzinga.com/topic/olympics">2024 Summer Olympics</a> and may also realize a boost in subscribers for its Peacock streaming platform thanks to the Olympics.
Benzinga readers were asked about how much of the 2024 Summer Olympics they watched and the results could come as a surprise based on the 30.6 million U.S. viewers figure Comcast recently reported.
The results were:
<ul>
<li>Yes, watched several events: 39%</li>
<li>Yes, watched extensively: 10%</li>
<li>No, didn't watch at all: 51%</li>
</ul>
For those who did watch the 2024 Summer Olympics, a few athletes stood out for their performance.
"Which athlete was the most compelling to watch at the 2024 Summer Olympics?" Benzinga asked.
The results were:
<ul>
<li>Simone Biles: 38%</li>
<li>Caleb Dressel: 7%</li>
<li>Noah Lyles: 5%</li>
<li>Stephen Curry: 21%</li>
<li>Other: 29%</li>
</ul>
Biles <a href="https://www.benzinga.com/general/social-media/24/08/40174736/trump-vp-pick-j-d-vance-criticized-simone-biles-in-2020-for-her-weakest-moments-being-celebr">won three gold medals</a> and one silver at the 2024 Olympics, adding to her totals from past Olympics and breaking several records for American gymnasts along the way.
Curry competed in his first Olympic games and helped Team USA Basketball win a gold medal and go undefeated in Paris.
Dressel won two golds and one silver medal, with his two golds coming from swimming relays. The swimmer underperformed in several of his top events.
Lyles won the gold in the 100 meters becoming the fastest man in the world, while winning a bronze medal in the 200 meters.
Here are some of the names listed for the Other option:
<ul>
<li>Imane Khelif: Algerian boxer, gold medalist, subject of controversy and<a href="https://www.benzinga.com/news/24/08/40361043/elon-musk-among-those-accused-of-cyberbullying-olympic-champion-imane-khelif-trump-reportedly-to-be"> filed a cyberbullying lawsuit</a> against Elon Musk and J.K. Rowling</li>
<li>Cole Hockey: American runner who won the 1500 meter event in a big upset</li>
<li>Neeraj Chopra: Indian athlete won silver in the Javelin throw</li>
<li>Novak Djokovic: Tennis star added a gold medal for Serbia to his list of accomplishments, marking his first Olympic gold</li>
<li>Sydney McLaughlin Levrone: American track star won two gold medals for the 400-meter hurdles and 4x400m relay, setting a new world record in her signature hurdles event</li>
<li>Aleksandra Miroslaw: Polish speed climber won a gold medal and broke her own world record</li>
<li>Carlos Yulo: Gymnast from Philippines won two gold medals for floor exercise and vault</li>
</ul>
Read Also: <a href="https://www.benzinga.com/general/restaurants/24/08/40353932/steph-curry-breaks-french-hearts-at-2024-summer-olympics-mcdonalds-jokes-about-retaliation-mo">Steph Curry Breaks French Hearts At 2024 Summer Olympics, McDonald&#8217;s Jokes About Retaliation Move In Host Country</a>
Why It's Important: Comcast provided over 7,000 hours of coverage across its NBC network and streaming platforms during the Summer Olympics. A total of 23.5 billion minutes of Olympics coverage were streamed during the games.
Benzinga readers shared the ways that they watched the weeks of Olympics coverage from Comcast.
How did you prefer to watch the 2024 Summer Olympics?" Benzinga asked.
Live broadcast on TV: 35%
Streaming online at my convenience: 18%
Highlights and recaps on social media: 15%
Avoided all Olympic coverage: 32%
All-time streaming records for the Olympics were shattered with Peacock streaming all medal events and providing tons of coverage options for viewers like multiview and Gold Zone.
Based on the results of the survey, viewers preferred to watch live events either on TV or streaming, which could provide a mixed benefit to Peacock subscriber figures.
The next quarterly report from Comcast will be a key event for the media company as it will include the impact of the 2024 Summer Olympics.
The study was conducted by Benzinga on Aug. 12 and Aug. 13, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 116 adults.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/24/07/39999972/how-much-are-physical-2024-olympic-gold-medal-silver-medal-and-bronze-medals-worth-the-answer-m">How Much Are Physical 2024 Olympic Gold Medal, Silver Medal And Bronze Medals Worth? The Answer Might Surprise You</a></li>
</ul>
Photos: Shutterstock

Entertainment

Sports

Exclusives

CMCSA

Simone Biles, Steph Curry Most Compelling 2024 Summer Olympics Athletes Benzinga Readers Say: 51% Of Readers Didn't Watch Any Sporting Events

Jefferies analyst Pedro Baptista upgrades IRSA Inversiones y (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRS#NYSE">IRS</a>) from Hold to Buy and raises the price target from $10.5 to $13.

Upgrades

Price Target

Analyst Ratings

Jefferies Upgrades IRSA Inversiones y to Buy, Raises Price Target to $13

Greenidge Generation Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) reported quarterly sales of $13.06 million which missed the analyst consensus estimate of $16.10 million by 18.90 percent. This is a 11.24 percent decrease over sales of $14.71 million the same period last year.

Earnings

Earnings Misses

GREE

Greenidge Generation Hldg Q2 Sales $13.06M Miss $16.10M Estimate

Greenfire Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFR#NYSE">GFR</a>) reported quarterly earnings of C$0.43 per share which beat the analyst consensus estimate of C$0.30 by 43.33 percent.

Earnings Beats

Greenfire Resources Q2 2024 GAAP EPS C$0.43 Beats C$0.30 Estimate

Quipt Home Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QIPT#NASDAQ">QIPT</a>) reported quarterly losses of $(0.04) per share which missed the analyst consensus estimate of $(0.01) by 300 percent. This is a 33.33 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $63.97 million which missed the analyst consensus estimate of $65.05 million by 1.66 percent. This is a 6.11 percent increase over sales of $60.28 million the same period last year.

QIPT

Quipt Home Medical Q3 2024 GAAP EPS $(0.04) Misses $(0.01) Estimate, Sales $63.97M Miss $65.05M Estimate

FDA&nbsp;has approved Niktimvo&nbsp;(axatilimab-csfr), an anti-CSF-1R antibody, for the treatment of chronic graft-versus-host disease (GVHD) after failure of at least two prior lines of systemic therapy in adult and pediatric patients weighing at least 40 kg (88.2 lbs.).

INCY

SNDX

Incyte, Syndax Secure FDA Approval For Niktimvo (axatilimab-csfr) To Treat  Chronic Graft-Versus-Host Disease

Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) reported quarterly losses of $(0.25) per share which missed the analyst consensus estimate of $(0.22) by 13.64 percent. This is a 53.7 percent increase over losses of $(0.54) per share from the same period last year. The company reported quarterly sales of $3.08 million which missed the analyst consensus estimate of $3.21 million by 3.93 percent. This is a 10.42 percent increase over sales of $2.79 million the same period last year.

JTAI

Jet AI Q2 2024 GAAP EPS $(0.25) Misses $(0.22) Estimate, Sales $3.08M Miss $3.21M Estimate

Actelis reported a net loss of&nbsp;$78,000&nbsp;and a Non-GAAP adjusted EBITDA profit of&nbsp;$11,000&nbsp;in&nbsp;Q2&nbsp;2024, marking the first positive quarter since 2022.

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