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Ilustrato Pictures Intl (OTC:ILUS) Stock, Option Chain

Ilustrato Pictures International Inc is an investment company operating in New York, London and Dubai focused on adding shareholder value through innovation and growth. The company is focused on acquiring businesses in the Technology, Engineering, and Manufacturing space globally. It looks to acquire companies that have management and the potential to grow rapidly and will benefit from the cross-pollination of territories, products, and skills from other group companies.

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ILUS

On Tuesday, shares of ILUS International Inc. (OTC: ILUS) experienced volatile short activity. After the activity, the stock price went down -4.30% to $0.093.

The overall sentiment for ILUS has been Bearish.

Short Volatility Alert: ILUS International Inc.

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Ilustrato Pictures International Inc

Newly appointed government efficiency co-czar Vivek Ramaswamy says he will scrutinize a loan issued by the Biden administration to electric vehicle (EV) manufacturer Rivian, a rival of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
What Happened: Ramaswamy, a biotech entrepreneur, will lead the Department of Government Efficiency (DOGE) alongside Tesla CEO Elon Musk following President-elect Donald Trump&#8216;s inauguration.
Ramaswamy recently criticized President Joe Biden administration for approving a $6.6 billion loan to Rivian for a Georgia plant construction, which has since been suspended. He questioned the high cost per job created by this loan and suggested it could be a political move against Musk and Tesla, <a href="https://fortune.com/2024/11/29/vivek-ramaswamy-elon-musk-doge-tesla-rivian-biden-federal-government-loan-trump/">reports</a> Fortune.
The Department of Energy defended the loan, highlighting their&nbsp;Advanced Technology Vehicles Manufacturing program&#8217;s role in reinforcing America&#8217;s global automotive standing. They pointed to the successful loan granted to Tesla in 2010 as evidence of the program&#8217;s efficacy.
Also Read: <a href="https://www.benzinga.com/news/24/11/42154736/elon-musks-social-media-onslaught-targets-federal-employees">Elon Musk&#8217;s Social Media Onslaught Targets Federal Employees</a>
Ramaswamy&#8217;s critique of the loan comes amid concerns about Rivian&#8217;s financial stability. Despite its reputation as a high-end EV brand with a growing lineup of award-winning vehicles, Rivian has yet to turn a profit. 
The company is currently working to streamline its production process and aims to generate&nbsp;a gross profit in the&nbsp;current fourth quarter.
Why It Matters: Ramaswamy&#8217;s scrutiny of the loan to Rivian underscores the ongoing debate about government involvement in the EV market. 
The loan&#8217;s approval has raised questions about the government&#8217;s role in supporting emerging industries and the potential political motivations behind such decisions. 
This scrutiny comes at a critical time for Rivian, which is working to establish its profitability amidst growing competition in the EV market.
Read Next
<a href="https://www.benzinga.com/news/24/11/42026862/musk-and-ramaswamy-seek-spending-cut-wins-where-others-failed">Musk And Ramaswamy Seek Spending Cut Wins Where Others Failed</a>
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.

TSLA

Musk Ally Ramaswamy Takes Aim At Biden's $6.6B Loan To Tesla Rival Rivian

Robert Kiyosaki, the author of &#8220;Rich Dad Poor Dad,&#8221; predicts a surge in Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value and warned of an impending wealth <a href="https://www.benzinga.com/news/24/10/41305328/robert-kiyosaki-predicts-stock-market-crash-says-invest-in-gold-silver-and-bitcoin">disparity in a recent post</a>.
What Happened:&nbsp;On Saturday, Kiyosaki took to X to express his views on the future of Bitcoin and the potential wealth gap it could create. 
He stated, &#8220;Bitcoin will soon break $100,000.&nbsp;Once Bitcoin passes $100,000 it&nbsp;will be almost impossible for&nbsp;the poor and middle class&nbsp;to catch up.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">THE RICH WILL GET RICHER: Q: WHO WiLL BE RICHER? A: The people who save Gold, Silver. Bitcoin. I own all three financial assets. Q: WhO WILL BE POORER? A: The people who save dollars, Pesos, Yen, Euro, &amp; Loonies. As I warned in Rich Dad Poor Dad "Savers are losers…because…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1862641908834869368?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
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He further explained that once Bitcoin surpasses this threshold, only the ultra-rich,&nbsp;corporations, banks, and sovereign wealth&nbsp;funds would&nbsp;be able to afford Bitcoin&nbsp;of any consequence. 
Also Read: <a href="https://www.benzinga.com/general/social-media/24/11/42154487/robert-kiyosaki-trump-will-make-america-richer-again-by-being-the-first-bitcoin-president">Robert Kiyosaki: &#8216;Trump Will Make America Richer Again By Being The First Bitcoin President&#8217;</a>
Kiyosaki also emphasized the importance of investing in Bitcoin, gold, and silver, while criticizing the practice of saving traditional currencies.
Why It Matters:&nbsp;Kiyosaki&#8217;s prediction comes at a time when Bitcoin is gaining mainstream acceptance as a legitimate asset class. 
His warning about the potential wealth disparity caused by Bitcoin&#8217;s rise highlights the growing concerns about wealth inequality in the era of digital currencies. 
His views underscore the importance of financial education and investment strategies in the face of rapidly evolving financial landscapes.
Known for his financial advice and investment strategies, Kiyosaki&#8217;s comments on Bitcoin and wealth disparity have sparked discussions on the implications of digital currencies on global wealth distribution. 
As digital currencies continue to gain traction, the debate around wealth inequality and access to these new forms of assets is likely to intensify.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41869087/kiyosaki-aims-to-own-100-bitcoins-by-2025-i-wish-bitcoin-was-back-to-10-a-coin-but-wishing-has-never-made-poor-people-richer" target="_blank" rel="noreferrer noopener">Kiyosaki Aims To Own 100 Bitcoins By 2025: ‘I Wish Bitcoin Was Back To $10 A Coin, But Wishing Has Never Made Poor People Richer'</a>

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

Cryptocurrency

$BTC

Kiyosaki on Bitcoin $100,000: 'Almost Impossible for the Poor and Middle Class to Catch Up'

Black Friday online sales reached an unprecedented $10.8 billion, surpassing in-store purchases as brick-and-mortar stores witnessed a significant decline in customers.
What Happened: Shoppers in the U.S. opted for online shopping, spending an astounding $11.3 million every minute between 10 a.m. and 2 p.m. on Friday.
According to a report <a href="https://nypost.com/2024/11/30/us-news/online-sales-surge-to-record-setting-10-8b-on-black-friday-as-stores-see-thin-crowds/">by</a> The New York Post, Adobe Analytics data indicates that AI-powered chat bots played a crucial role in influencing shoppers, with an 1,800% increase in traffic to retail sites from chat bots compared to the previous year.
Vivek Pandya, the lead analyst at Adobe Digital Insights, told the outlet, &#8220;Crossing&nbsp;the $10 billion mark is&nbsp;a big e-commerce milestone for&nbsp;Black Friday, for a day&nbsp;that in the past was&nbsp;more anchored towards in-store shopping.&#8221; 
He further added that consumers are becoming increasingly comfortable with mobile shopping and chat bots, painting a promising picture for future online Black Friday sales.
"And with consumers getting more comfortable with everything from mobile shopping to chat bots, we have tailwinds that can prop up online growth for Black Friday moving forward," he added. 
Also Read: <a href="https://www.benzinga.com/news/24/11/42247827/one-low-tech-toy-blows-away-black-friday-shopping-competition">One Low-Tech Toy Blows Away Black Friday Shopping Competition</a>
Top-selling items included Harry Potter Lego sets, Disney Princess dolls, makeup, Bluetooth products, and smart watches. Despite inflation worries, shoppers also &#8220;embraced higher ticket items.&#8221;
According to Mastercard SpendingPulse, while U.S. e-commerce sales on Black Friday were up 14.6% from last year, in-store sales were up just 0.7% as brick-and-mortar stores saw an overall drop in customers. The exception was Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), which experienced overnight queues for the launch of its exclusive Taylor Swift book and album.
However, according to Marshal Cohen, chief retail adviser at market research firm Circana, most other stores had a typical shopping day.
Why It Matters: The shift towards online shopping has been accelerated by the COVID-19 pandemic, with consumers preferring the convenience and safety of shopping from home. 
The significant role played by AI-powered chat bots in driving online sales underscores the growing influence of technology in the retail sector. 
Furthermore, the success of high-ticket items suggests that despite economic uncertainties, consumers are willing to spend on premium products. 
The exception of Target&#8217;s in-store success indicates that exclusive product launches can still draw crowds, hinting at potential strategies for brick-and-mortar stores to compete in the digital age.
Read Next
<a href="https://www.benzinga.com/24/11/42253350/amazons-focus-shift-to-black-friday-from-cyber-monday-is-paying-off-says-gene-munster-small-changes-to-profitability-can-have-measurable-impact-to-earnings">Amazon&#8217;s Focus Shift To Black Friday From Cyber Monday Is Paying Off, Says Gene Munster</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

Shoppers Spent $11.3M Per Minute Online on Black Friday

Anthony Scaramucci, who briefly served as White House communications director during President-elect Donald Trump&#8216;s first term, sees promise in Trump&#8217;s proposed Cabinet but fears that Trump&#8217;s mass deportation plan could have severe <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39447328/anthony-scaramucci-says-crypto-will-soar-if-this-presidential-candidate-wins-the-election-">economic repercussions</a>.
What Happened: During a Friday interview, Scaramucci commended Trump&#8217;s intention to nominate Scott Bessent, a billionaire hedge-fund manager, for Treasury secretary. He characterized Bessent as an &#8220;extremely intelligent individual&#8221; who would be a &#8220;reliable figure at Treasury.&#8221;
Scaramucci also showed support for Trump&#8217;s naming Susie Wiles as White House Chief of Staff and intention to nominate Sen. Marco Rubio (R-Fla.) for Secretary of State and Rep. Mike Waltz (R-Fla.) for National Security Adviser, labeling them as &#8220;astute, practical selections.&#8221;
But during the discussion <a href="https://inews.co.uk/news/world/anthony-scaramucci-trump-deportation-plan-crash-economy-3405237">with</a> iNews, Scaramucci expressed apprehension about Trump&#8217;s deportation plan, which could potentially expel up to 20 million individuals, including those born in the U.S. to undocumented immigrants. He is worried that the execution of such a plan could lead to catastrophic economic outcomes.
"I think Trump's barometric pressure of how well he's doing is the stock market. So, if you're telling me he's going to start to deport people and ratchet up tariffs, we're going to have a stock market crash," he said during the interview. 
"The U.S. stock market is saying that Trump's going to run the country like a centrist, moderate, center-right, Republican president. That's what the U.S. stock market is saying. The U.S. stock market is not taking the rhetoric around tariffs and deportations seriously. So, some of the picks have helped me become more optimistic," he added.
Also Read: <a href="https://www.benzinga.com/news/24/11/41866624/scaramucci-on-trump-win-i-got-it-wrong-im-not-going-to-whine-about-it">Scaramucci On Trump Win: &#8216;I Got It Wrong, I&#8217;m Not Going To Whine About It&#8217;</a>
Scaramucci also conveyed his hope that Trump&#8217;s threat to enforce new tariffs on China, Mexico and Canada will not come to pass, as it could trigger a stock market collapse.
Despite his reservations, Scaramucci maintains a positive outlook on the future of Trump&#8217;s administration, primarily due to the tempering effect of his cabinet choices.
Why It Matters: The appointment of a new cabinet and the potential implementation of a mass deportation plan could have significant implications for the U.S. economy. 
Scaramucci&#8217;s comments highlight the importance of these decisions and their potential impact on the country&#8217;s economic stability. His optimism about the cabinet appointments suggests confidence in their ability to guide the country effectively. 
However, his concerns about the deportation plan and potential tariffs underscore the potential risks these policies pose to the economy.
Read Next
<a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot" target="_blank" rel="noreferrer noopener">Scaramucci: ‘Trump Is In Trouble And He Knows It'</a>
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.

Politics

Scaramucci on Trump Deportation Plan: 'We're Going To Have a Stock Market Crash'

As President-elect Donald Trump announces his new Cabinet picks, the diversity of his <a href="https://www.benzinga.com/markets/24/11/41868203/trump-made-big-gains-among-latino-working-class-and-younger-voters" target="_blank" rel="noreferrer noopener">selections remains a point of contention</a>.
Despite making significant strides in gaining support from Black and Latino voters during his campaign, his Cabinet picks tell a different story, <a href="https://www.politico.com/news/2024/11/27/trump-cabinet-diversity-00191874" target="_blank" rel="noreferrer noopener">reports</a> Politico.
As in his first term, Trump&#8217;s choices for his Cabinet include just three people of color in top roles, matching his previous administration&#8217;s lack of diversity.
Scott Turner, a Black former Texas lawmaker, has been selected to head Housing and Urban Development, and Rep. Lori Chavez-DeRemer (R-Ore.), a Latina defeated in her re-election bid this month, is Trump&#8217;s choice to lead the Labor Department..
Also Read: <a target="_blank" href="https://www.benzinga.com/personal-finance/24/11/42250885/gen-zers-are-being-fired-just-months-after-getting-hired-employers-cite-lack-of-motivation-poor-communication-and-unprofessional-behavior" rel="noreferrer noopener">Gen Zers Are Being Fired Just Months After Getting Hired – Employers Cite Lack Of Motivation, Poor Communication And Unprofessional Behavior</a>
One notable selection is Sen. Marco Rubio (R-Fla.), who, if confirmed, would become the first-ever Latino Secretary of State, a position that holds substantial prominence in U.S. government.
Trump&#8217;s team has expressed pride in bringing more Hispanics into high-ranking positions, including Rubio, who would replace George W. Bush administration Attorney General Alberto Gonzales as the highest-ranking Latino government official in U.S. history.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/24/11/42252924/canadian-pm-justin-trudeau-warns-trumps-25-tariff-plan-will-hurt-americans-at-high-stakes-dinner" target="_blank" rel="noreferrer noopener">Canadian PM Justin Trudeau Warns Trump&#8217;s 25% Tariff Plan Will Hurt Americans At High-Stakes Dinner</a></li>
</ul>
Photo: Shutterstock

Equities

Media

Trump Has Selected Just Three People of Color for Top Jobs

President-elect Donald Trump&#8216;s jest about procuring a young Black girl&#8217;s hair for a hefty sum has been labeled as &#8220;racist&#8221; by his niece Mary Trump.
What Happened: Last Sunday, Trump encountered the girl at his Florida golf course. The interaction, captured on video, quickly gained traction online, featuring the President-elect inviting the girl to sit in his golf cart and pose for a photo.
Mary Trump, on a recent episode of The Mary Trump <a href="https://www.youtube.com/watch?v=_6XAtrmXB2s">Show</a>, condemned the incident as &#8220;creepy&#8221; and &#8220;racist.&#8221; She argued that the incident could be interpreted as a &#8220;racist trope&#8221; and stated that her uncle&#8217;s behavior should not come as a shock, considering his track record of contentious remarks.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump to a little Black girl at his golf club: "Oh, I love that girl. I love that hair. I want her hair. Can I buy your hair? I'll pay you millions for that." <a href="https://t.co/szYC6QnpFn">pic.twitter.com/szYC6QnpFn</a>
&mdash; PatriotTakes &#x1f1fa;&#x1f1f8; (@patriottakes) <a href="https://twitter.com/patriottakes/status/1860870879934132594?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
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&#8220;Donald's crossing that line shouldn&#8217;t be shocking. He is a racist after all. But there's a more personal aspect to this that, quite frankly, did shock me because. I had a similar experience in my family,&#8221; she said. 
She went on to recount her own experiences with her grandfather Fred Trump, who she said would often remark on her hair and propose to buy it.
Also Read: <a href="https://www.benzinga.com/news/24/11/41869240/mary-trump-warns-of-tyranny-and-fascism-following-uncles-victory">Mary Trump Warns of &#8216;Tyranny&#8217; and &#8216;Fascism&#8217; Following Uncle&#8217;s Victory</a>
&#8220;My grandfather Fred had very little interest in any of his grandchildren, but he was particularly indifferent to his oldest son,&#8221; Mary Trump added.
Why It Matters: The incident has sparked a debate about the implications of such behavior, especially from someone in a position of power. 
The controversy also sheds light on the larger issue of microaggressions and their impact on the individuals on the receiving end. 
This incident serves as a reminder of the importance of understanding and addressing such behaviors to promote a more inclusive and respectful society.
Read Next
<a href="https://www.benzinga.com/news/24/11/41703542/mary-trump-on-trumps-lack-of-empathy-why-is-it-that-the-more-awful-things-donald-does-the-less-it-se" target="_blank" rel="noreferrer noopener">Mary Trump On Trump's Lack Of Empathy: ‘Why Is It That The More Awful Things Donald Does, The Less It Seems To Matter?'</a>
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 Slams Uncle Over Alleged Incident Involving Black Girl's Hair: 'He Is A Racist After All'

Dave Ramsey has seen it all when it comes to predictions about the economy. And when it comes to the national debt, he's clear: people have been sounding alarms about an &#8220;economic end of the world&#8221; for decades, but so far, they've been consistently wrong.
Don't Miss:
<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
</ul>
Ramsey <a href="https://www.youtube.com/watch?v=xYnUP1kJqD4">shared</a> his thoughts on the topic, explaining how, <a href="https://www.benzinga.com/startups/24/10/41496567/i-splatted-it-hurt-says-dave-ramsey-referring-to-the-sudden-call-on-his-1-2-million-loans-that-turne">in his late 20s</a>, he was deeply worried about the rapid growth of the national debt. Back then, he thought it might lead to a complete economic collapse. "I've observed people in my world write books about the economic end of the world," he said. "And they keep being wrong, so I don't want to write that book."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Talking about the national debt numbers /w <a href="https://twitter.com/TheoVon?ref_src=twsrc%5Etfw">@TheoVon</a> <a href="https://t.co/Xf9gJ4QI4g">pic.twitter.com/Xf9gJ4QI4g</a>
&mdash; Dave Ramsey (@DaveRamsey) <a href="https://twitter.com/DaveRamsey/status/1827012231013269777?ref_src=twsrc%5Etfw">August 23, 2024</a></blockquote>
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See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
While he acknowledges that the debt is a serious concern, Ramsey doesn't believe it's about to cause the economy to crash. "Is it concerning? Yeah, it's concerning. But is it going to cause a crash? Apparently not," he said.
Ramsey explained that the national debt impacts the economy in subtle but important ways. The government funds its debt by selling <a href="https://www.benzinga.com/money/how-to-buy-treasury-bonds">Treasury bonds</a>, which investors buy because they earn interest. But Ramsey points out that if those investors had put their money into businesses or other productive areas of the economy instead, it could have created more growth and opportunities.
"It's stealing money from the economy in that sense," Ramsey said. He added that the cost of interest payments on the debt is increasingly consuming the federal budget. "The interest only on it is becoming a larger and larger portion of the ‘budget,' as if they've got a budget."
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
<h2 class="wp-block-heading">Confidence in the Market</h2>
Despite his concerns about the national debt, Ramsey remains confident in the <a href="https://www.benzinga.com/analyst-stock-ratings">stock market</a> as a safe place for investment. He admitted that there's always been some level of manipulation in the market, but he still encourages people to invest. "I do think it's still a safe place for people to invest. I've got millions and millions of dollars in <a href="https://www.benzinga.com/money/best-mutual-funds">mutual funds</a>," he said.
Right now, the national debt stands at a staggering <a href="https://www.crfb.org/press-releases/gross-national-debt-reaches-36-trillion">$36 trillion</a>. It's such a huge number that it's hard for most people to wrap their heads around. In perspective, if you tried to count to 36 trillion at one number per second, it would take over a million years.
This massive debt has real consequences. A big chunk of the government's budget now goes to paying interest on that debt, leaving less money for things like improving infrastructure, supporting education or funding health care.
Read Next:
<ul>
<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a></li>
</ul>

Startups

Dave Ramsey Says Those Predicting The 'Economic End Of The World' Over The National Debt Have Been Consistently Wrong

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