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These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock gained 24.85% last week after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com//node/41386011" target="_blank" rel="noreferrer noopener">rose above $67,000</a>.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stock jumped 19.98% after the company reported better-than-expected fourth-quarter results and announced a $1.5 billion buyback program. Several analysts<a href="https://www.benzinga.com//node/41387797" target="_blank" rel="noreferrer noopener"> changed their price targets</a>.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) stock upped 17.01%.</li>
<li>Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) stock grew 13.18% following a third-<a href="https://www.benzinga.com//node/41326902" target="_blank" rel="noreferrer noopener">quarter earnings beat</a>.</li>
<li>Cameco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stock was up 12.99%, probably due to strength in nuclear names. The stock rose after Amazon Web Services announced plans to invest <a href="https://www.benzinga.com//node/41358363" target="_blank" rel="noreferrer noopener">over $500 million in nuclear power</a>.</li>
<li>SoFi Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock gained 12.99% after the company announced a <a href="https://www.benzinga.com//node/41313080" target="_blank" rel="noreferrer noopener">$2 billion loan platform</a> business agreement for personal loans with funds managed by affiliates of Fortress Investment Group.</li>
<li>Blackstone Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) stock increased 12.62% after multiple analysts raised their price targets following the company&#8217;s <a href="https://www.benzinga.com//node/41405312" target="_blank" rel="noreferrer noopener">recent third-quarter earnings report</a>.</li>
<li>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) shares rose 12.20% after reporting better-than-expected <a href="https://www.benzinga.com//node/41379650" target="_blank" rel="noreferrer noopener">third-quarter results</a>.</li>
<li>Snap-On Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) shares were up 11.75% after the company reported better-than-<a href="https://www.benzinga.com//node/41380823" target="_blank" rel="noreferrer noopener">expected third-quarter results</a>.</li>
<li>AngloGold Ashanti PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) stock increased 11.59%, probably owing to a rise in the price of gold and silver.</li>
<li>Blue Owl Capital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) shares were up 11.45%. The company, along with Crusoe and Primary Digital Infrastructure, formed a $3.4 billion joint venture to develop AI data centers.</li>
</ol>
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Large Cap

News

Movers

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$BTC

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ERIC

SOFI

Coinbase, United Airlines And Sofi Tech Are Among Top 11 Large Cap Gainers Last Week (Oct 14-18): Are The Others In Your Portfolio?

Shaquille O&#8217;Neal, the larger-than-life basketball legend, wants to set the record straight when discussing generational wealth – it isn&#8217;t just for the superrich. In a recent discussion on his YouTube <a href="https://www.youtube.com/watch?v=IR192-wTzUQ">channel</a>, Shaq shed some light on what generational wealth is and why it should be available to everyone, not just those with millions stashed away.
&#8220;A lot of times when you throw around that word &#8216;generational wealth,&#8217; people think it&#8217;s for rich people only,&#8221; Shaq said. &#8220;I think it&#8217;s for everyone.&#8221;
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<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
Shaq has spent years considering how to ensure his kids and their kids are set up for the future. He&#8217;s big on making smart choices today that pay off down the road, whether <a href="https://www.benzinga.com/money/how-to-set-up-a-will">setting up a will</a>, <a href="https://www.benzinga.com/money/setting-up-a-trust">creating a trust</a>, <a href="https://www.benzinga.com/money/how-annuities-work">buying an annuity</a> or <a href="https://www.benzinga.com/money/life-insurance">taking out a life insurance policy</a>. He wants people to know that it's not about being rich; it's about ensuring your loved ones are cared for, no matter what happens.
See Also: 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 how on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">A Mindset for Everyone</h2>
<a href="https://www.benzinga.com/news/24/01/36665127/4-rules-from-vivian-tu-a-wall-street-pro-who-achieved-millionaire-status-at-27">Vivian Tu</a>, one of Shaq&#8217;s guests and former JPMorgan Equities Trader, said that when she first thought about getting rich, it was about buying luxury items like designer bags and fancy cars. But her perspective changed and now she&#8217;s making sure her parents&#8217; <a href="https://www.benzinga.com/money/how-does-health-insurance-work">medical bills are covered</a> and that her future kids have opportunities without worrying about money.
Desi Banks, another guest and comedian, actor and social media personality, explained that he wants to be the one who changes his family's story. He said, &#8220;I wanted to be something different. I want to be able to have generational wealth where it's like, you know, once I'm gone, my kids' kids can have some and his kids' kids can have some.&#8221;
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
They also discussed the importance of having open conversations about money within families – something that often doesn't happen enough. &#8220;Most of your money habits … are actually burned in like as a child, usually before the age of seven,&#8221; Tu explained. She pointed out that many people grow up with their parents telling them not to talk about money or taxes, making it a taboo subject.
But that mindset is holding people back. Rich people do talk about money – they do it at the golf course, at the country club and wherever else they can. That&#8217;s how they learn and grow. Everyone should do the same. &#8220;Why is it embarrassing when people who look like us, young people, are talking about money? It's not. Do it,&#8221; Tu insisted.
The overall message is simple: start <a href="https://www.benzinga.com/money/what-is-financial-planning">planning for your family&#8217;s future today</a>, no matter where you are financially. Talk about money, make smart choices and invest in things that will provide security for your loved ones.
Read Next:
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<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Personal Finance

'People Think Generational Wealth Is 'For Rich People Only,' Says Shaquille O'Neal. But He Thinks 'It's For Everyone'

<a href="https://www.benzinga.com/general/entertainment/23/06/32672115/83-year-old-al-pacino-has-a-child-on-the-way-with-his-29-year-old-girlfriend-who-is-younger">Al Pacino, one of Hollywood's most iconic actors,</a> didn't get into acting for the money. But over the years, despite starring in classics like The Godfather and Scarface, he managed to <a href="https://www.benzinga.com/personal-finance/24/09/40711869/how-rich-are-you-heres-the-net-worth-that-defines-upper-middle-and-lower-class">blow through his millions</a>, ultimately finding himself in a serious financial mess.&nbsp;
In his memoir Sonny Boy, Pacino admits he wasn't just bad with money – he was terrible. At one point, his financial situation became so dire that he had to take on roles in movies like Jack and Jill, a film he openly admits he did for one reason: he was broke.
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<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a></li>
</ul>
How Did Al Pacino Go Broke?
You might wonder how someone who reached the heights of stardom, collecting millions, could lose it all. In Pacino's case, his poor money management and <a href="https://www.benzinga.com/personal-finance/24/10/41204085/what-screams-im-upper-class-these-are-the-not-so-subtle-signs-of-wealth-according-to-people-on-s">extravagant lifestyle led to his downfall</a>. In his memoir, he reveals just how bad it got. "I had about ninety grand in the bank and that was it," he wrote, sharing that he was spending a fortune without much coming in.&nbsp;
In fact, he was dropping around $400,000 a month – a sum that included maintaining two homes, multiple apartments and even an office. "I was spending $400,000 a month and didn't know it was happening. You've got to be dumb," he wrote. He elaborated, "I had property but I didn't have any money … The kind of money I was spending and where it was going was just a crazy montage of loss."
See Also: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
He joked about his ridiculous spending on landscaping at a house he didn't even live in, forking over $400,000 a year to trim the lawn.
Pacino admits that while he could blame everyone from his accountants to his manager, the real issue was that he <a href="https://www.benzinga.com/personal-finance/24/10/41305175/nba-legend-shaq-says-you-should-save-75-of-your-paycheck-its-not-about-how-much-you-make-its-abo">didn't know a thing about how money worked</a>. He says, "I didn't understand how money worked, any more than I understood how a career worked. It was a language I just didn't speak."
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">The "Jack and Jill" Debacle</h2>
By 2011, Pacino's money woes hit rock bottom. His accountant had been running a Ponzi scheme and as Pacino later found out, was sentenced to prison. That left him in financial free fall. "I had fifty million dollars and then I had nothing," Pacino wrote, reflecting on just how quickly the money disappeared. Faced with mounting expenses, Pacino took on projects purely for financial reasons.
One of those projects was Jack and Jill, the 2011 Adam Sandler film widely panned by critics (it holds a 3% score on Rotten Tomatoes). In the movie, Pacino plays an over-the-top version of himself, starring in a fake Dunkin' Donuts commercial that left audiences cringing. So why did he do it? Pacino candidly admitted, "It came at a time in my life that I needed it because it was after I found out I had no more money."
Despite the film's failure, Pacino takes it all in stride. And while many fans thought the Dunkin' Donuts ad from Jack and Jill was real, he later clarified, "You know how many people think I actually made that commercial?"
Trending: 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 how on what&#8217;s behind this formula.</a>
From Extravagance to Downsizing
Pacino's spending habits were the stuff of legend. He spent money on 16 cars, owned 23 cellphones and, at the height of his wealth, was maintaining a lifestyle that, in today's dollars, would have been close to $900,000 a month. But when his funds ran dry, he had no choice but to downsize. He sold one of his homes, did commercials for Australian TV and even began giving seminars to make ends meet.
His financial recovery took time, but Pacino has regained his footing, partly thanks to his more recent projects. His deal with HBO, for instance, saw him earning $10 million per movie, with three films under his belt already. Additionally, his role in The Irishman in 2019, directed by Martin Scorsese, earned him a hefty $20 million paycheck.
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
A Lesson in Financial Responsibility
Now in his 80s, Pacino admits that he has learned some hard lessons about money management. "Scarface" remains his most lucrative film and to this day, the residuals from the movie help support him. "I can live on it, I mean, I could, if I lived like a normal person," he wrote with a touch of humor.
But perhaps the most telling part of his story is that even someone as successful as Al Pacino can make mistakes when it comes to money. And while his roles in films like Jack and Jill might not be remembered fondly, they serve as a reminder that even the greatest actors aren't <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">immune to financial challenges</a>.
Read Next:
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/genz-salary-adv">Boomers and Gen Z agree they need a salary of around $125,000 a year to be happy, but Millennials say they need how much?</a></li>
</ul>

Al Pacino Went Broke After Blowing $50 Million on 16 Cars, 23 Cellphones And $400K For Landscaping: 'I Didn't Understand How Money Worked'

The European Union's NIS 2 cybersecurity directive, now enforceable, mandates companies to bolster their cybersecurity<a target="_blank" href="https://www.benzinga.com/news/24/10/41380184/as-apple-microsoft-battle-eu-regulations-this-new-cybersecurity-rule-can-cost-companies-up-to-10m-if" rel="noreferrer noopener"> practices or face hefty fines</a>.
Chinese researchers have successfully used&nbsp;D-Wave‘s quantum annealing systems to break classic encryption RSA, potentially accelerating the timeline for when quantum computers could pose a&nbsp;real threat to widely <a target="_blank" href="https://www.benzinga.com/news/24/10/41325429/chinese-researchers-use-quantum-computers-to-reportedly-crack-rsa-encryption-raising-alarms-in-cyber" rel="noreferrer noopener">used cryptographic systems</a>.
Republican presidential nominee&nbsp;Donald Trump's&nbsp;2024 campaign has decided not to advertise on&nbsp;Snap Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) Snapchat, a <a target="_blank" href="https://www.benzinga.com/news/24/10/41373962/trump-campaigns-snapchat-absence-potentially-gives-harris-edge-among-young-voters" rel="noreferrer noopener">platform favored by young voters</a>.
Amid growing concerns from the U.S. about the potential diversion of advanced chip technology to China, the UAE has assured its commitment <a target="_blank" href="https://www.benzinga.com/news/24/10/41350661/amid-fear-of-chinas-access-to-nvidia-amd-chips-through-middle-east-this-ceo-assures-uae-reliable-par" rel="noreferrer noopener">to safeguarding these technologies</a>.
The assurance comes as the Biden administration considers imposing restrictions on chip sales from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) <a href="https://www.benzinga.com/news/24/10/41323155/nvidia-amd-face-chip-export-curbs-as-biden-administration-considers-restrictions-on-middle-east-coun">to the Middle East</a>.
Gaming
The latest figures from Circana reveal a dip in U.S. video game spending for August 2024, with total expenditure dropping 7% year-on-year to&nbsp;$4.1 billion. Hardware sales fell 36%,<a href="https://www.benzinga.com/general/gaming/24/10/41319267/us-gaming-market-sees-7-spending-decline-in-august-madden-nfl-25-debut-a-bright-spot" target="_blank" rel="noreferrer noopener"> driven by a 41% decline in Switch sales</a>.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) discontinued its $1 for 14 days Game Pass trial just before the launch of Call of Duty: Black Ops 6, which is set to release directly<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41365519/microsoft-ends-1-game-pass-trial-ahead-of-call-of-duty-black-ops-6-launch" rel="noreferrer noopener"> on&nbsp;Game Pass next week</a>.
Microsoft settles the antitrust lawsuit over its $69 billion Activision Blizzard acquisition, with <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41342256/microsoft-settles-antitrust-lawsuit-filed-by-gamers-over-activision-blizzard-acquisition" rel="noreferrer noopener">undisclosed terms and no refiling allowed</a>.
Microsoft is set to expand its cloud gaming capabilities by introducing support for player-owned Xbox games, a long-anticipated feature that will allow users to stream titles <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41318405/microsoft-to-test-cloud-gaming-for-owned-xbox-games-in-november-report" rel="noreferrer noopener">from their&nbsp;personal game libraries</a>.
Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) will shut down Plants vs. Zombies 3 on November 15, 2024, halting downloads and in-app purchases in<a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41365831/plants-vs-zombies-3-servers-shut-down-as-ea-plans-major-overhaul" rel="noreferrer noopener"> preparation for a&nbsp;"major overhaul."</a>
Riot Games, the studio behind&nbsp;League of Legends, announced a series of layoffs affecting its League of Legends PC development team, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41367265/riot-games-lays-off-27-developers-as-part-of-league-of-legends-restructure" rel="noreferrer noopener">alongside plans for&nbsp;future expansion</a>.
Bandai Namco Holdings, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NCBDY#OTC">NCBDY</a>) faces workforce shifts and project cancellations despite the success of Dragon B<a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41344105/inside-bandai-namcos-workforce-struggles-100-staff-members-quit-during-project-overhauls" rel="noreferrer noopener">all Z: Sparking! Zero&#8217;s 3 million unit sales</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41352155/elon-musk-applauds-spotify-after-streaming-giant-reveals-its-audiobook-catalog-has-doubled-" rel="noreferrer noopener">Elon Musk Applauds Spotify After Streaming Giant Reveals Its Audiobook Catalog Has Doubled To 300K Titles</a>
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly had a secret partnership with Chinese electric vehicle manufacturer&nbsp;BYD Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) to create <a target="_blank" href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti" rel="noreferrer noopener">long-range electric vehicle batteries</a>.
Apple is expanding its payment offerings within Apple Pay, providing users with more flexible online and&nbsp;in-app purchase options. The company is introducing installment loan features and increasing the <a target="_blank" href="https://www.benzinga.com/fintech/24/10/41385123/apple-pay-expands-buy-now-pay-later-with-affirm-adds-support-for-third-party-browsers-and-more" rel="noreferrer noopener">availability of rewards programs</a>.
Apple unveiled the&nbsp;upgraded version&nbsp;of its&nbsp;iPad Mini, marking the first significant upgrade to <a target="_blank" href="https://www.benzinga.com/news/24/10/41349691/apple-mini-gets-an-ai-upgrade-3-years-after-last-facelift-price-starts-at-499" rel="noreferrer noopener">the compact tablet since 2021</a>.
Apple has set a new sales record for its&nbsp;iPhone&nbsp;during the third quarter of 2024, coinciding with a broader <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle" rel="noreferrer noopener">recovery in the global smartphone market</a>.
Apple is reportedly ramping up its efforts to compete with&nbsp;Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). The iPhone maker&#8217;s discounted version of the&nbsp;first-generation mixed-reality&nbsp;headset,&nbsp;Vision Pro, <a href="https://www.benzinga.com/news/24/10/41306527/apples-low-cost-vision-pro-could-hit-the-shelves-next-year-everything-you-need-to-know-about-iphone" target="_blank" rel="noreferrer noopener">could be ready by next year</a>.
Apple has terminated its self-driving vehicle testing permit in California. The decision follows the company's&nbsp;earlier<a target="_blank" href="https://www.benzinga.com/news/24/10/41309072/apple-poured-1b-a-year-into-its-car-project-before-abandoning-it-tim-cooks-company-now-pulls-plug-on" rel="noreferrer noopener"> abandonment&nbsp;of its electric vehicle project</a>.
Apple is reportedly experiencing a shortage in inventory&nbsp;for several of its products,&nbsp;leading to speculation about the <a target="_blank" href="https://www.benzinga.com/24/10/41322912/apple-to-launch-new-macbooks-pro-ipad-minis-and-imacs-analyst-says-inventory-dwindling-for-these-giz" rel="noreferrer noopener">imminent launch of new models</a>.
Samsung Electronics Co Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is reportedly preparing to unveil its "Special Edition"&nbsp;Galaxy <a target="_blank" href="https://www.benzinga.com/news/24/10/41374294/apple-rival-samsung-to-unfold-special-edition-of-its-latest-flagship-foldable-phone" rel="noreferrer noopener">Z Fold 6&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41374294/apple-rival-samsung-to-unfold-special-edition-of-its-latest-flagship-foldable-phone" rel="noreferrer noopener">as&nbsp;early as next week</a>.
Social Media, AI &amp; Technology
YouTube, a subsidiary of&nbsp;Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, is extending its "Premium Lite" plan to additional countries, offering a more <a target="_blank" href="https://www.benzinga.com/news/24/10/41373073/youtubes-premium-lite-plan-that-removes-some-ads-but-doesnt-offer-any-other-perks-is-rolling-out-to" rel="noreferrer noopener">affordable subscription with fewer ads</a>.
YouTube&nbsp;has unveiled a significant update that introduces a range of new features designed to enhance the user experience and foster a stronger connection between <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/10/41350347/youtube-rolls-out-new-features-including-sleep-timer-collaborative-playlists-and-enhanced-m" rel="noreferrer noopener">creators and their audiences</a>.
Google&nbsp;has requested the 9th Circuit Court of Appeals to put a stop to the impending changes mandated by Judge&nbsp;James Donato's&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41375089/google-urges-9th-circuit-to-halt-dangerous-epic-ruling-cites-substantial-new-security-risks" rel="noreferrer noopener">ruling in the Epic v. Google case</a>.
Google&nbsp;has officially begun rolling out Android 15, the latest version of its&nbsp;mobile operating system, <a target="_blank" href="https://www.benzinga.com/news/24/10/41350862/google-rolls-out-android-15-with-theft-detection-lock-privacy-features-for-sensitive-apps-and-more" rel="noreferrer noopener">to Pixel devices today</a>.
Meta confirmed layoffs across multiple teams, including&nbsp;Instagram,&nbsp;<a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle" target="_blank" rel="noreferrer noopener">WhatsApp</a><a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle" target="_blank" rel="noreferrer noopener">, and&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle" target="_blank" rel="noreferrer noopener">Reality Labs</a>.
On Tuesday, U.S. District Judge&nbsp;Yvonne Gonzalez&nbsp;Rogers&nbsp;in California rejected Meta's attempt to dismiss the claims made&nbsp;in two separate <a href="https://www.benzinga.com/news/24/10/41349398/mark-zuckerbergs-meta-to-face-lawsuits-over-teen-social-media-addiction-judge-rejects-dismissal-moti" target="_blank" rel="noreferrer noopener">lawsuits filed&nbsp;last year</a>. The lawsuits involving over 30 states,&nbsp;including California, New York, and Florida, accuse Meta of contributing to mental health issues among teenagers by making its platforms addictive.
Taiwan Semiconductor Manufacturing Co. Ltd.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reportedly started manufacturing A16 chips for&nbsp;Apple&nbsp;at its Phoenix, Arizona facility. This move is part of the U.S. strategy to<a target="_blank" href="https://www.benzinga.com/news/24/10/41356479/apple-spark-hope-for-americas-semiconductor-comeback-key-supplier-tsmc-reportedly-begins-producing-c" rel="noreferrer noopener"> enhance domestic semiconductor production</a>.
Sebastien Bubeck, the vice president of GenAI research at&nbsp;Microsoft is set t<a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">o join&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">ChatGPT</a><a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">-parent,&nbsp;</a><a href="https://www.benzinga.com/news/24/10/41322687/sam-altman-led-openai-welcomes-microsofts-genai-research-vp-following-wave-of-executive-departures" target="_blank" rel="noreferrer noopener">OpenAI</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41309060/nvidias-jensen-huang-says-chatgpt-led-to-awakening-of-ai-praises-sam-altmans-openai-as-one-of-most-c" rel="noreferrer noopener">Nvidia&#8217;s Jensen Huang Says ChatGPT Led To &#8216;Awakening Of AI,&#8217; Praises Sam Altman&#8217;s OpenAI As One Of Most Consequential Companies Of Our Time</a>

Tech

AAPL

BYDDY

GOOG

MSFT

NCBDY

NVDA

SNAP

SSNLF

Consumer Tech News (Oct 14-18): Biden Administration Considers Imposing Restrictions On Chip Sales, Apple Inks Secret Deal With BYD & More

Legendary investor Warren Buffett is known for his history of strong gains for Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) that often beat the broader <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">stock market indexes</a>.
Buffett is also known for his sharp wit <a href="https://www.benzinga.com/general/entertainment/23/03/31353423/be-greedy-when-others-are-fearful-5-warren-buffett-quotes-to-inspire-you-now">and quotable quotes</a> that many in the investing community refer to on a daily, weekly or monthly basis.
Benzinga recently put some of Buffett's best quotes to the test.
"Which Warren Buffett quote resonates with you the most?" Benzinga asked.
The results were:
<ul>
<li>"Be fearful when others are greedy and greedy when others are fearful.": 33%</li>
<li>"The best investment you can make is in yourself.": 28%</li>
<li>"Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1.": 24%</li>
<li>"Someone's sitting in the shade today because someone planted a tree a long time ago": 12% &nbsp;</li>
<li>"Cryptocurrency is probably rat poison squared.": 3%</li>
</ul>
The winning quote came from Buffett during the 2008 financial crisis with the investor sharing in an op-ed <a href="https://www.nytimes.com/2008/10/17/opinion/17buffett.html">piece </a>in the New York Times that he was buying American stocks as share prices had fallen dramatically.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
While many Benzinga readers picked the "be fearful" and "the best investment" quotes, third place "Rule No. 1" is perhaps Buffett's most well-known quote.
There likely isn't a bad quote among the bunch when it comes to applying Buffett's investing wisdom, save for the last one.
While many have made money in the cryptocurrency sector and see the long-term potential, Buffett has not come around and likely never will. Buffett has compared Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to rat poison squared and also said he wouldn't buy all the Bitcoin in the world for $25.
Buffett&#8217;s strong investing returns and quotable quotes could be the reason a recent Benzinga poll found the legendary investor <a href="https://www.benzinga.com/news/management/24/10/41302268/buffett-vs-musk-benzinga-readers-see-an-overwhelming-favorite-to-go-down-as-the-best-investor-in-">voted the most likely</a> person to go down as the most legendary investor in 100 years with 61% of the vote. Buffett beat Elon Musk, Jeff Bezos and Mark Cuban in the poll.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho">If You Invested $1,000 In Bitcoin When Warren Buffett Called It &#8216;Rat Poison Squared,&#8217; Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
The study was conducted by Benzinga from Oct. 15 through Oct. 17, 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 108 adults.
Photo: Shutterstock

Education

Exclusives

Warren Buffett's Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote

Top economist David Rosenberg, known for predicting the 2008 market crash and recession, is sounding the alarm about a <a href="https://www.benzinga.com/markets/equities/24/07/39743338/s-p-500-to-plunge-more-than-20-near-term-top-economist-breaks-down-broader-market-vs-small-cap-d">potential stock market crash</a>.
Mega-Bubble: In recent notes to Rosenberg Research clients, the market bear warned that the current market is in a &#8220;mega-bubble&#8221; and cautioned investors against chasing momentum.&nbsp;
&#8220;When this mega-bubble pops, it will be spectacular,&#8221; Rosenberg wrote on Oct. 18. &#8220;This is no time to chase momentum or the herd mentality.&#8221;
Warning Signs: Rosenberg cited high valuations, investor positioning and sentiment as warning signs. The most recent <a href="https://archive.ph/o/5xPqB/https://www.aaii.com/latest/article/239694-aaii-sentiment-survey-pessimism-spikes">AAII Sentiment Survey</a>, which tracks investor sentiment, shows 45.5% of its respondents characterized themselves as bullish, above its historical average of 37.5% for the 49th time in 50 weeks.&nbsp;&nbsp;
&#8220;This is the mother of all momentum-driven stock markets,&#8221; he wrote in an October 9 note.
Read Next: <a href="https://www.benzinga.com/news/24/10/41415824/lucid-ceo-peter-rawlinson-talks-saudi-investment-elon-musks-political-views-and-taking-business-from">Lucid CEO Peter Rawlinson Talks Saudi Investment, Elon Musk&#8217;s Political Views And Taking Business From Tesla</a>
Rosenberg warned the S&amp;P 500 is at least 25% higher than fundamentals suggest it should be with stock prices outpacing earnings growth and analyst EPS revisions trending to the downside.&nbsp;
The economist is bearish on the economy as well as the markets and anticipates a recession on the horizon. Rosenberg pointed to emerging signs of economic weakness, including a rise in unemployment and decreased job openings.&nbsp;
Rosenberg's warnings come at a time when the S&amp;P 500 has seen significant gains, up 23% year-to-date following gains of 22% in 2023. Investors can track the S&amp;P 500 through <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">funds that track</a> the index's movements, including the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), known as the "Spy," and the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>). 
Rosenberg cautioned investors against chasing the "overvalued" market and advised clients to preserve capital.&nbsp;
&#8220;J.P. Morgan reportedly once commented that he got wealthy not by buying at the lows and selling at the highs, but rather by being involved in the middle 60% of the bull market. We are well past that point,&#8221;&nbsp; Rosenberg wrote.&nbsp;
Read Also:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406621/microsoft-ai-revenue-could-eclipse-10b-in-2025-piper-sandler-says">Microsoft AI Revenue &#8216;Could Eclipse&#8217; $10B In 2025, Bullish Analyst Says</a></li>
</ul>
Image: Shutterstock

ETFs

General

Market 'Mega-Bubble' Set To Pop, Says Top Economist Who Called 2008 Crash

A recent survey by Naxtisis Investment Managers reveals that financial advisors worldwide are concerned about retaining clients and assets during the impending &#8220;Great Wealth Transfer.&#8221; This massive transfer of over $84 trillion in assets over the next two decades is seen as a significant threat<a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/10/17786534/millennials-have-68-trillion-coming-their-way-from-greatest-wealth-transfer-in-hist"> by 41% of advisors.</a>
The survey, conducted among 2,700 advisors across 20 countries, found that 30% worry about retaining assets from clients&#8217; spouses or children. While advisors report retaining 78% of relationships when spouses inherit, this drops to 58% with clients&#8217; children. Overall, 22% of advisors have already lost significant assets through generational attrition.
To combat this trend, advisors are aiming to add an average of 16 new clients annually and grow their AUM by 11%. Relationship-building is cited by 92% of advisors as their primary retention strategy. Many are extending family wealth planning discussions to clients&#8217; family members and offering additional services like trust and networking services.
Also Read: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41407647/spy-reaches-600-billion-in-assets-oldest-us-etf-hits-milestone-as-all-time-highs-conti">SPY Reaches $600 Billion In Assets: Oldest US ETF Hits Milestone As All-Time Highs Continue</a>
However, advisors face challenges in prospecting for new clients, dedicating only 8% of their weekly time to this task. They&#8217;re prioritizing pre-retirees and those entering retirement, with 96% focusing on the 50-60 age group and 88% on the 60-65 age bracket. Interestingly, 46% are also targeting younger accumulators aged 35-50, while only 14% are prospecting among the 18-35 age group.
To enhance their prospecting efforts, about half of the advisors plan to create dedicated prospecting teams. Many are also leveraging social media strategies (43%) and considering AI-powered tools (21%) for client acquisition.
Dave Goodsell, executive director of the Natixis Center for Investor Insight, emphasizes the importance of asking existing clients for referrals as a key growth strategy. He also notes that deepening relationships with clients and expanding financial planning services will be crucial for long-term success in the face of these demographic shifts and competitive pressures.
As the wealth transfer accelerates, advisors must adapt their strategies to navigate both short-term economic risks and long-term business challenges to ensure the continuity and growth of their practices.
Read Next:
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<li><a href="https://www.benzinga.com/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>
Photo: Shutterstock

Financial Advisors

'Great Wealth Transfer' Poses Both Risks And Opportunities For Financial Advisors

<a href="https://www.benzinga.com/startups/24/09/41008222/mark-cuban-wants-to-crack-down-on-chinese-knockoffs-says-vice-president-kamala-harris-is-on-board-wi">Mark Cuban's</a> bold claim that Warren Buffett's famous buy-and-hold strategy is a &#8220;crock&#8221; has reignited debates within the investing community.&nbsp;
Cuban, known for his unapologetic views and a net worth surpassing $5 billion, isn't shy about challenging established investment philosophies. His thoughts on diversification, particularly, stir the pot among traditional investors, with a growing number backing his aggressive approach.
Don't Miss:
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<li>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></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"> invest today with $1,000 for just $0.25/share</a></li>
</ul>
According to Buffett, &#8220;diversification is a protection against ignorance,&#8221; a guiding principle that's long been at the heart of his investment strategy. Buffett's approach leans on the idea that spreading your money across various assets can shield against market downturns.&nbsp;
For many retail investors, index funds are the go-to for diversification. These funds mimic broad market indexes to provide a stable, if not flashy, return over time.
On the other hand, Cuban cuts through the noise with a more concentrated strategy. He's famously said that <a href="https://www.youtube.com/watch?v=u5Pp1HEKSPM">&#8220;diversification is for idiots&#8221;</a> and that the buy-and-hold strategy embraced by Buffett devotees is essentially worthless.&nbsp;
Trending:This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
Cuban's view resonates with some investors who are laser-focused on beating the market rather than merely matching it. According to Morningstar research, professional money managers who outperform benchmarks often make big, bold bets – not by playing it safe with a diverse portfolio.
For investors grappling with which billionaire to follow, a look at the numbers might help. Cambridge Associates&#8217; 2017 study supports diversification: &#8220;Diversified portfolios still prevail over the long term,&#8221; the report says, suggesting that a diverse strategy might cushion portfolios against severe market drops and provide more consistent returns over decades. This echoes Buffett's success with slow and steady wealth-building.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
But not everyone is convinced. Cuban's strategy, which focuses more on tech and innovative industries, has paid off handsomely in a world increasingly reliant on technology. He believes focusing on a few high-conviction bets will generate better returns, a sentiment shared by other billionaire investors.
Real estate often emerges as a contender for those seeking alternatives to the traditional stock market. High home prices and mortgage rates have made owning property trickier, but the allure of steady rental income hasn't faded.&nbsp;
See Also: ‘Beating the market through ethical real estate investing' —<a href="https://www.benzinga.com/money/invest-with-roots"> this platform aims to give tenants equity in the homes they live in while scoring 17.38% average annual returns for investors – here&#8217;s how to join with just $100</a>
Meanwhile, data from Nareit shows that commercial real estate offers steady returns and lower volatility than stocks. The numbers speak volumes – commercial <a href="https://www.benzinga.com/real-estate/24/10/41247244/real-estate-ceo-warns-california-florida-home-prices-set-for-big-drop-as-inventory-surges">real estate </a>has a lower correlation to the S&amp;P 500, making it a useful hedge for many investors.
And if real estate doesn't entice, fine art might. According to data from the Citi Global Art Market chart and as cited by CNBC, contemporary art outperformed the S&amp;P 500 over the last two decades, with annual returns of 11.5% compared to the market's 9.6%. Cuban's strategy might inspire you to look at alternatives like blue-chip art, which offers unique opportunities beyond stocks.
Read Next:
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<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a></li>
</ul>

Startups

Mark Cuban Calls Warren Buffett's Buy-And-Hold Strategy A 'Crock' – Which Billionaire's Investment Style Aligns With Your Goals?

A DIYer once dreamt of constructing a treehouse on his land before his own house was even built. Now, with multiple accommodations on the property, the treehouse has become a reality, and a legitimate <a href="https://www.benzinga.com/personal-finance/24/10/41234906/if-you-want-to-be-a-millionaire-stop-doing-the-9-5-grant-cardone-says-working-40-hours-a-week-on">source of income</a>.
Getting Off The Ground:&nbsp;Will Sutherland&nbsp;built a treehouse&nbsp;<a href="https://www.benzinga.com/news/23/03/31342788/26-year-old-gets-paid-to-live-in-a-luxury-tiny-home-in-her-own-backyard">in his backyard</a>&nbsp;in six months&#8217; time. It&#8217;s super popular on&nbsp;Airbnb&nbsp;Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/abnb#NASDAQ">ABNB</a>), bringing&nbsp;in an average of $30,000 per year on the platform,&nbsp;according to a Business Insider&nbsp;<a href="https://www.businessinsider.com/i-built-airbnb-treehouse-and-now-host-full-time-2023-1">report</a>.
He saved money on the build by doing all the work himself and sourcing a lot of the material from a friend who was in the process of building a house at the same time.&nbsp;
There&#8217;s a queen bed with a loft area above it, so it can accommodate a family. It doesn&#8217;t have running water, but there&#8217;s a five-gallon tank, so guests can brush their teeth or wash their hands. The treehouse also has a window unit air conditioner and an electric heater.&nbsp;
See Also:&nbsp;<a href="https://www.benzinga.com/news/23/03/31180793/this-diyer-built-a-17k-tiny-home-that-generates-50k-a-year-now-he-works-just-2-hours-a-week">This DIYer Built A $17K Tiny Home That Generates $50K A Year — Now He Works Just 2 Hours A Week</a>
Despite the lack of amenities, the house in the trees doesn&#8217;t have any trouble attracting guests, and let&#8217;s be real, if you are interested in staying the night in a treehouse, you probably aren&#8217;t expecting a whole lot.
Depending on the time of year, Sutherland lists it&nbsp;on&nbsp;<a href="https://www.benzinga.com/quote/ABNB">Airbnb</a>&nbsp;for anywhere from $160 to $250 a night.&nbsp;
&#8220;The treehouse gets thousands of views per month on Airbnb, and I&#8217;m booked for months out,&#8221; he said.
The treehouse alone brings in $30,000 a year in income, but Sutherland also has a renovated school bus on his property that he rents out to guests and a bathhouse for anyone staying on the land.
Combined, the two unique Airbnb listings generate enough <a href="https://www.benzinga.com/money/how-to-make-passive-income">annual income</a> that he was able to quit his job and spend his time working on other projects. 
&#8220;We basically live in a little miniature community here, flanked by our bus guests and treehouse guests all the time,&#8221; Sutherland said.&nbsp;
The Airbnb income is rewarding in more ways than one. Sutherland now works from home, which has freed up more time that he can spend with friends and family. He also feels fulfilled seeing his guests create memories in a treehouse he built himself. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/23/04/31687018/couple-uses-huge-airbnb-profits-to-buy-time-they-only-spend-1-hour-working-per-week">Couple Uses &#8216;Huge&#8217; Airbnb Profits To Buy Time: They Only Spend 1 Hour Working Per Week</a></li>
</ul>
This story is part of a new series of features on the subject of success, <a href="https://www.benzinga.com/topic/benzinga-inspire">Benzinga Inspire</a>. Some elements of this story were previously reported by Benzinga and it has been updated.
This illustration was generated using artificial intelligence via MidJourney.

Entrepreneurship

Real Estate

ABNB

Backyard Treehouse Gets So Much Attention On Airbnb, Owner Doesn't Have To Work Anymore: 'I'm Booked For Months'

The past week was buzzing with tech news, with a major focus on the rapid expansion of AI and its implications. From the &#8220;mind-blowing&#8221; demand for AI power to the &#8220;awakening of AI&#8221; led by ChatGPT, the tech world is witnessing a significant shift. Here are the key stories that made headlines.
Oklo CEO Highlights &#8216;Mind-Blowing&#8217; Demand For AI Power
Co-founder and CEO of Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>), Jacob DeWitte, expressed his optimism about the future of nuclear power startups in the tech industry. He believes that Alphabet Inc.'s nuclear deal with Kairos Power is just the beginning of a series of collaborations between nuclear power startups and big tech companies. DeWitte highlighted the staggering demand for nuclear power driven by the rapid expansion of AI.
<a href="https://www.benzinga.com/news/24/10/41343639/oklo-ceo-highlights-mind-blowing-demand-for-ai-power-says-googles-nuclear-deal-only-tip-of-the-icebe">Read the full article here.</a>
Nvidia&#8217;s Jensen Huang Praises OpenAI
In a recent podcast, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang lauded OpenAI as one of the most influential companies of today's era. Despite several high-profile departures, OpenAI recently raised $6.6 billion at a $157 billion valuation.
<a href="https://www.benzinga.com/news/24/10/41309060/nvidias-jensen-huang-says-chatgpt-led-to-awakening-of-ai-praises-sam-altmans-openai-as-one-of-most-c">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">iPhone 15 Pro Models and iPhone 13 Discontinued By Apple: Here&#8217;s Why</a>
Tesla&#8217;s Optimus Robots Assisted by Humans
During the recent &#8220;We, Robot&#8221; event, Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) showcased its humanoid robot, Optimus. However, a Bloomberg report revealed that humans were remotely assisting the Optimus robot prototypes with some functions.
<a href="https://www.benzinga.com/news/24/10/41321567/teslas-optimus-robots-were-remotely-assisted-by-humans-at-we-robot-event">Read the full article here.</a>
Nvidia CEO Praises Elon Musk&#8217;s xAI Achievement
Nvidia CEO Huang praised Musk for his achievement with xAI, stating that Musk achieved something with xAI in 19 days which usually takes at least a year. Huang shared his thoughts during an episode of the Bg2 Pod.
<a href="https://www.benzinga.com/news/24/10/41307824/nvidia-ceo-jensen-huang-praises-elon-musk-for-achieving-something-with-xai-in-19-days-that-usually-t">Read the full article here.</a>
Amazon Strikes at Nvidia&#8217;s Stronghold Through Databricks Deal
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has signed a five-year deal with data and AI startup Databricks. The deal centers around Amazon's Trainium AI chips, which offer a less expensive alternative to Nvidia Corp's popular GPUs for companies looking to customize or build their AI models.
<a href="https://www.benzinga.com/news/24/10/41337034/amazon-strikes-at-nvidias-stronghold-through-databricks-deal-cutting-ai-costs-by-40">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Confirms Layoffs Across Instagram, WhatsApp And Reality Labs Amid Strategic Reshuffle</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AMZN

OKLO

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AI Power Demand Skyrockets, Nvidia CEO Lauds OpenAI, And Tesla's Optimus Robots Assisted By Humans: This Week In AI

During a rally in Detroit, Donald Trump greeted a packed audience after a 17-minute audio malfunction <a href="https://www.benzinga.com/general/politics/24/10/41365306/trump-to-ask-would-you-like-fries-with-that-mcdonalds-fry-cook-stint-included-in-swing-state-cam" target="_blank" rel="noreferrer noopener">prevented him from speaking</a>.
This incident marked the second time a week that a Trump rally faced disruption, a notable concern as the campaign against Vice President Kamala Harris enters its final days, <a href="https://www.nbcnews.com/politics/2024-election/trumps-detroit-rally-beset-audio-problems-rcna176201" target="_blank" rel="noreferrer noopener">reported</a> NBC News.
Recent polling suggests the race is tightly contested, making these missteps particularly impactful.
During the audio outage, Trump roamed the stage, interacting with technical staff and attendees, but refrained from mingling with the crowd. When the sound was restored, he did not hold back his frustration.
&#8220;I won&#8217;t pay the bill for this stupid company,&#8221; he declared, blaming the unnamed audio provider for the disruption, NBC News added.
He further threatened, &#8220;If it goes out again, I&#8217;ll sue the a&#8211; off that company.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/general/politics/24/10/41416506/harris-clings-to-narrow-national-lead-as-trump-gains-ground" rel="noreferrer noopener">Harris Clings To Narrow National Lead As Trump Gains Ground</a>
Despite the setback, the rally continued for another hour. However, Trump struggled to shake off the initial audio problems, lamenting that he had to &#8220;scream&#8221; to make himself heard, even after the system was back up and running.
In a lighter moment, Trump jokingly expressed his desire for Michigan Republican Senate nominee Mike Rogers to join him on stage, but quipped that he didn&#8217;t want Rogers to speak from the &#8220;crappy&#8221; microphone. Ultimately, Rogers did not make an appearance alongside Trump.
As the campaign enters its final weeks, these audio failures serve as a reminder of the challenges faced on the trail, especially in such a crucial political landscape.
Read Next:
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<li><a href="https://www.benzinga.com/general/politics/24/10/41347642/harris-vs-trump-vice-president-holds-lead-in-2024-election-poll-but-former-president-is-closing-" target="_blank" rel="noreferrer noopener">Harris Vs. Trump: Vice President Holds Lead In 2024 Election Poll, But Former President Is Closing The Gap</a></li>
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Politics

Markets

Media

Trump's Rally Hits a Sour Note: Audio Woes And Frustrations In Detroit

The past week has been a rollercoaster for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The tech giant made headlines with its decision to abandon its self-driving car project, the revelation of a secret partnership with Chinese EV manufacturer BYD, and record-breaking iPhone sales. Let&#8217;s dive into the details of these stories.
Apple Abandons Autonomous Vehicle Project
Apple has officially terminated its self-driving vehicle testing permit in California, following its earlier decision to abandon its electric vehicle project. The California Department of Motor Vehicles confirmed that Apple requested the cancellation on Sept. 25, with the permit officially ending on Sept. 27. This move aligns with previous reports indicating Apple&#8217;s retreat from the electric vehicle market after a decade-long effort.
<a href="https://www.benzinga.com/news/24/10/41309072/apple-poured-1b-a-year-into-its-car-project-before-abandoning-it-tim-cooks-company-now-pulls-plug-on">Read the full article here.</a>
Apple&#8217;s Secret Partnership with BYD
In a surprising revelation, it was reported that Apple had a secret partnership with Chinese electric vehicle manufacturer BYD to create long-range electric vehicle batteries. The partnership, which started in 2017, aimed to develop a battery system using lithium iron phosphate cells. While Apple does not own any technology used in BYD's current Blade batteries, this development proves Cupertino&#8217;s efforts to produce a car.
<a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41352155/elon-musk-applauds-spotify-after-streaming-giant-reveals-its-audiobook-catalog-has-doubled-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Applauds Spotify After Streaming Giant Reveals Its Audiobook Catalog Has Doubled To 300K Titles</a>
Record-Breaking iPhone Sales
Apple set a new sales record for its iPhone during the third quarter of 2024, coinciding with a broader recovery in the global smartphone market. According to Canalys, Apple's iPhone sales were narrowly edged out by Samsung Electronics Co. Ltd., with both tech giants capturing an 18% market share.
<a href="https://www.benzinga.com/markets/equities/24/10/41328252/apples-iphone-16-powers-record-sales-in-q3-just-behind-samsung-in-global-market-share-battle">Read the full article here.</a>
Apple&#8217;s Low-Cost Vision Pro
Apple is reportedly ramping up its efforts to compete with Meta Platforms Inc. The iPhone maker&#8217;s discounted version of the first-generation mixed-reality headset, Vision Pro, could be ready by next year. Over the weekend, it was reported that Apple's Vision Pro team is working on at least four new devices that address current criticisms.
<a href="https://www.benzinga.com/news/24/10/41306527/apples-low-cost-vision-pro-could-hit-the-shelves-next-year-everything-you-need-to-know-about-iphone">Read the full article here.</a>
Apple&#8217;s Inventory Shortage
Apple is reportedly experiencing a shortage in inventory for several of its products, leading to speculation about the imminent launch of new models. Retail inventory for several Apple products, including iMacs, MacBook Pros, Mac minis, iPad minis, and their accessories, is running low. Such inventory shortages are often indicative of a company preparing to introduce updated versions of its products.
<a href="https://www.benzinga.com/24/10/41322912/apple-to-launch-new-macbooks-pro-ipad-minis-and-imacs-analyst-says-inventory-dwindling-for-these-giz">Read the full article here.</a>
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Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's Week In Review: From Termining Self-Driving Car Permit To Setting iPhone Sales Records

This week was a whirlwind of financial news, with billionaires clashing over political policies, renowned investors offering advice to world leaders, and economists warning against potential economic pitfalls. Let&#8217;s dive into the top stories that made headlines.
Mark Cuban And Bill Ackman Lock Horns Over Harris&#8217; Tax Proposal
Mark Cuban&nbsp;and&nbsp;Bill Ackman&nbsp;found themselves at odds over Democratic presidential candidate Kamala Harris&#8216; tax proposal for startups. Ackman, a staunch supporter of Donald Trump, labeled Harris&#8217; proposal as &#8220;extremely misleading,&#8221; sparking a heated exchange with Cuban.
<a href="https://www.benzinga.com/government/24/10/41308384/mark-cuban-clashes-with-bill-ackman-after-billionaire-fund-manager-calls-kamala-harris-startup-tax-d">Read the full article here.</a>
Ray Dalio&#8217;s Strategy For China&#8217;s Debt Crisis
Billionaire investor&nbsp;Ray Dalio&nbsp;has urged China to adopt a &#8220;beautiful deleveraging&#8221; strategy to prevent a looming debt crisis. Dalio believes that China&#8217;s recent stimulus measures should be balanced with debt restructuring, money printing, and debt monetization.
<a href="https://www.benzinga.com/markets/asia/24/10/41399024/billionaire-investor-ray-dalio-urges-xi-jinpings-china-to-implement-this-to-prevent-debt-crisis-they">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Hedge Fund Billionaire Daniel Loeb Bets On Trump Win, Singles Out This Recent Buy As Having &#8216;Significant Upside Potential&#8217;</a>
Paul Krugman&#8217;s Warning On Trump&#8217;s Tariff Plan
Nobel laureate&nbsp;Paul Krugman&nbsp;has warned that former President Donald Trump&#8217;s proposed tariff plan could set back economic progress by 90 years and potentially ignite global conflict. Trump&#8217;s suggestion of tariffs as high as 20%, including a 60% tariff on imports from China, has been met with widespread opposition from economists.
<a href="https://www.benzinga.com/news/24/10/41395812/paul-krugman-warns-trumps-tariff-plan-could-rewind-economic-progress-90-years-and-ignite-global-conf">Read the full article here.</a>
Former FDIC Chief&#8217;s Warning To Federal Reserve
Former FDIC Chief&nbsp;Sheila Bair&nbsp;has expressed concern over the Federal Reserve&#8217;s potential rate cuts amidst a thriving economy. Despite positive economic indicators, the Federal Reserve, led by Chair Jerome Powell, is considering further rate cuts to stimulate a perceived cooling labor market.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41376158/former-fdic-chief-warns-federal-reserve-to-not-stir-the-pot-with-further-rate-cuts-">Read the full article here.</a>
Trump&#8217;s Potential Federal Reserve Pick Defends Rate Cuts
Kevin Hassett, Donald Trump&#8217;s potential nominee for the Federal Reserve, has defended the central bank&#8217;s recent interest rate reduction, despite Trump&#8217;s criticism. Hassett justified the rate cut, citing a weakening jobs market.
<a href="https://www.benzinga.com/news/24/10/41400012/trumps-potential-federal-reserve-pick-defends-rate-cuts-after-ex-president-slammed-jerome-powells-mo">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Cuban Vs Ackman, Dalio's Advice To China, Krugman's Warning, And More: This Week In Economics

United States Department of State said earlier this week that it is offering a reward of up to $10 million for information on any foreign person or entity who has engaged or is engaging in interference in the 2024 <a href="https://www.benzinga.com/news/24/10/41417390/elon-musks-pro-trump-super-pac-to-give-1m-every-day-to-people-in-swing-states-for-signing-his-petiti">U.S. presidential election</a> set to be held on Nov. 5.
What Happened: The award will be offered under the department&#8217;s Rewards for Justice program. Any information leading to the identification and location of the interferer as well as information leading to the prevention or resolution of an act of foreign election interference will be rewarded, the department said. 
The announcement from the department's Rewards for Justice program specifically mentioned Rybar LLC, a Russian media organization. 
Rybar, the department said, received funds for contracted work from Russian defense industrial organization Rostec, which was sanctioned by the U.S. Department of the Treasury in June 2022.
Rybar&#8217;s Operations: Rybar has sought to &#8220;sow discord, promote social division, stoke partisan and racial discord, and encourage hate and violence in the United States&#8221; through its social media channels, the announcement said. It manages the social media channels #HOLDTHELINE and #STANDWTHTEXAS to promote Russia&#8217;s political interests, in addition to TEXASvsUSA channel on social media platform X, it added. 
The department also named nine individuals who it says worked to carry out Rybar&#8217;s operations aimed at impacting the <a href="https://www.benzinga.com/news/24/10/41417238/kamala-harris-blames-amber-thurmans-death-on-georgia-abortion-law-slams-trump-for-cruel-remarks">U.S. electoral process</a>.
Those with knowledge of these individuals or their activities can contact Rewards for Justice via its tip line, it added.
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US Offers $10M Reward For Intel On Russian Firm Interfering In Elections

The past week was a hotbed of activity, with political debates and economic strategies taking center stage. From tariff discussions to election battles, the week saw a flurry of statements and counterarguments from prominent figures. Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
<h3 class="wp-block-heading">Peter Schiff Criticizes Trump&#8217;s Tariff Strategy</h3>
Noted economist and financial commentator Peter Schiff voiced his opinion on former President Donald Trump&#8217;s tariff strategy. Schiff, in a recent social media post, argued that Trump&#8217;s tariffs were not imposed on China but on Americans purchasing Chinese products. <a href="https://www.benzinga.com/general/politics/24/10/41371990/trump-cant-impose-tariffs-on-china-says-peter-schiff-he-can-only-impose-tariffs-on-americans-who">Read the full article here.</a>
<h3 class="wp-block-heading">Barry Diller Criticizes Billionaire Trump Supporters</h3>
Barry Diller, the chair of IAC Inc and a supporter of Vice President Kamala Harris, expressed his disapproval of wealthy business figures backing Donald Trump in the 2024 election. Diller, a longtime Democratic Party supporter, shared his views in recent interviews. <a href="https://www.benzinga.com/general/politics/24/10/41321960/billionaire-trump-supporters-refuse-to-talk-about-the-character-of-rotten-person-media-mogul-bar">Read the full article here.</a>
<h3 class="wp-block-heading">Kamala Harris Pledges To Remove Unnecessary Degree Requirements</h3>
Vice President and Democratic presidential nominee Kamala Harris reiterated her commitment to eliminating degree prerequisites for certain federal jobs. She also urged the private sector to follow suit, stating that a college degree isn&#8217;t the only measure of a qualified worker. <a href="https://www.benzinga.com/news/24/10/41394566/kamala-harris-repeats-promise-to-get-rid-of-unnecessary-degree-requirements-i-will-challenge-the-pri">Read the full article here.</a>
<h3 class="wp-block-heading">Oil Prices Drop Following Netanyahu&#8217;s Statement</h3>
Crude oil prices saw a significant drop after Israeli Prime Minister Benjamin Netanyahu stated his willingness to strike military targets in Iran instead of oil or nuclear facilities. This statement was made during a call with President Joe Biden last Wednesday. <a href="https://www.benzinga.com/news/24/10/41321699/oil-prices-drop-after-netanyahu-says-israel-will-attack-military-not-oil-or-nuclear-targets-in-iran">Read the full article here.</a>
<h3 class="wp-block-heading">Mark Cuban And Kevin O&#8217;Leary Clash Over China Tariffs</h3>
"Shark Tank" co-stars Mark Cuban and Kevin O&#8217;Leary engaged in a public disagreement over tariffs on China. O&#8217;Leary called for a massive 400% increase in tariffs, citing unfair business practices by China. However, Cuban expressed his concerns over this approach. <a href="https://www.benzinga.com/news/24/10/41415419/kevin-oleary-calls-for-400-tariffs-on-china-but-his-shark-tank-co-star-and-friend-mark-cuban-fires-b">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/10/41371860/kamala-harris-pulls-a-reverse-card-puts-trump-at-fault-for-border-crisis-in-fox-news-interview-lets?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Pulls A Reverse Card, Puts Trump At Fault For Border Crisis In Fox News Interview: &#8216;Let&#8217;s Just Get To The Point, Ok?&#8217;</a>
Image via Wikimedia Commons
 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/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Peter Schiff Criticizes Trump's Tariff Strategy, Oil Prices Drop Following Netanyahu's Statement, Kamala Harris Pledges To Remove Unnecessary Degree Requirements And More: Top Political Updates This Week

This past weekend was a whirlwind of activity in the cryptocurrency world. From a man suing a city council over lost Bitcoins (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the Coinbase CEO expressing admiration for Elon Musk&#8217;s productivity, the stories were as diverse as they were intriguing. Here&#8217;s a quick recap of the top stories that made headlines.
Bitcoin Landfill Lawsuit: James Howells, a software engineer from Wales, has filed a lawsuit against Newport City Council. Howells is seeking damages of approximately £495.31 million ($647 million) after the council repeatedly denied his requests to excavate a landfill site where he accidentally discarded a hard drive containing around 8,000 units of Bitcoin. The lawsuit is a strategy to persuade the council to allow the excavation, not a reflection of the actual situation. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla">Read the full article here.</a>
Armstrong&#8217;s Musk Admiration: Brian Armstrong, CEO of Coinbase, expressed his admiration for Elon Musk&#8217;s efficiency and productivity. Armstrong suggested that a rigorous study should be conducted to understand how Musk achieves so much. He believes that understanding Musk&#8217;s productivity could be an important question for civilizational progress. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41306985/coinbase-ceo-brian-armstrong-wants-to-know-how-elon-musk-gets-so-much-done-wants-an-in-dep">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41410605/if-you-invested-100-in-dogecoin-when-elon-musk-first-tweeted-about-the-meme-crypto-heres-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $100 In Dogecoin When Elon Musk First Tweeted About The Meme Crypto, Here&#8217;s How Much You&#8217;d Have Today</a>
Scaramucci&#8217;s Bitcoin Investment: Anthony Scaramucci, CEO of SkyBridge Capital, revealed during a podcast that he has significant investments in Bitcoin. Scaramucci shared anecdotes about his conversation with MicroStrategy CEO Michael Saylor, who had a unique perspective on Scaramucci&#8217;s recommendation of a 1-3% allocation to Bitcoin. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41372090/anthony-scaramucci-tells-what-percentage-of-his-wealth-is-tied-up-in-bitcoin-i-havent-sold">Read the full article here.</a>
Crypto Market Predictions: Cryptocurrency markets were trading higher as of Wednesday, taking 96% of Bitcoin holders into profit. Trader Michaёl van de Poppe now predicts all-time high prices in the &#8216;next 3-4 weeks&#8217;. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41367220/bitcoin-ethereum-dogecoin-trade-like-no-bear-market-on-the-horizon-trader-predicts-all-tim">Read the full article here.</a>
Warren vs. Deaton: Sen. Elizabeth Warren and her Republican challenger John Deaton exchanged heated words over cryptocurrencies during their first debate. Warren accused Deaton of receiving maximum funding from the big cryptocurrency lobby to win the Massachusetts seat. <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41350336/elizabeth-warren-says-rival-john-deaton-wants-to-go-to-washington-to-fight-for-his-crypto-">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41415966/benzinga-bulls-and-bears-apple-tesla-netflix-oklo-and-dogecoin-meme-coins-outpace-corporat">Benzinga Bulls And Bears: Apple, Tesla, Netflix, Oklo — And Dogecoin, Meme Coins Outpace Corporate Giants</a>
Photo courtesy: Unsplash
 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/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

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

Cryptocurrency

Bitcoin Landfill Lawsuit, Coinbase CEO's Musk Admiration, Anthony Scaramucci's BTC Investment And More: This Week In Crypto

Leading tech firms, including Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc&#8216;s Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), are preparing to showcase their artificial intelligence (AI) tools at the forthcoming HLTH healthcare technology conference in Las Vegas.
What Happened: The conference, set to kick off on Sunday, is anticipated to draw over 12,000 industry leaders, CNBC <a href="https://www.cnbc.com/2024/10/19/hlth-2024-tech-companies-head-to-las-vegas-to-tout-health-ai-tools-.html">reported</a>. The tech giants aim to demonstrate how their AI solutions can help reduce the administrative load on healthcare professionals, thereby freeing up crucial time.
Healthcare workers are currently grappling with excessive documentation, a major factor leading to industry burnout and a predicted shortfall of 100,000 healthcare workers by 2028, according to consulting firm Mercer. Tech companies are confident that their AI tools can help mitigate this problem.
See Also: <a href="https://www.benzinga.com/news/24/10/41416040/warren-buffett-says-he-wouldnt-be-successful-today-if-he-didnt-take-this-100-college-class-i-was-tha?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett Says He Wouldn&#8217;t Be Successful Today If He Didn&#8217;t Take This $100 College Class</a>
Google, on Thursday, announced the general <a href="https://www.benzinga.com/general/entertainment/24/09/41002371/warner-bros-discovery-and-google-partner-on-ai-generated-captions-for-max">availability of Vertex AI Search</a> for Healthcare, a tool that enables developers to build applications to assist doctors in swiftly searching for information across various medical records. Google also published survey results showing that clinicians spend nearly 28 hours a week on administrative tasks, with 80% of providers asserting that this work takes away from patient care time.
Why It Matters: The healthcare industry has been increasingly turning to AI to address its challenges. Google, for example, has been using AI to <a href="https://www.benzinga.com/general/health-care/24/08/40657322/google-stock-an-ai-play-for-health-care-the-doctor-will-hear-you-now-and-diagnose-your-cough">detect illnesses through sound</a>, such as coughs and sneezes, with its Health Acoustic Representations (HeAR) model.
Earlier this month, Microsoft <a href="https://www.benzinga.com/news/large-cap/24/10/41294844/microsoft-unveils-health-care-ai-tools-to-help-analyze-biomedical-data">unveiled its suite of tools</a> designed to lessen clinicians&#8217; administrative workload. These tools, most of which are still under development, include medical imaging models, a healthcare agent service, and an automated documentation solution for nurses.
AI scribe tools such as DAX Copilot, provided by Microsoft&#8217;s subsidiary Nuance Communications, have seen a surge in popularity this year. These tools employ AI to transcribe doctors&#8217; interactions with patients into clinical notes and summaries, reducing the need for doctors to manually record these notes.
Nvidia is also gearing up to address the workload of doctors and nurses at the HLTH conference. Kimberly Powell, Nvidia&#8217;s vice president of healthcare, will give a keynote on Monday detailing how generative AI can assist healthcare professionals in devoting more time to patient care.
Read Next: <a href="https://www.benzinga.com/news/24/10/41324450/elon-musk-says-spacexs-next-generation-starlink-satellites-will-be-so-big-that-only-starship-can-lau?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says SpaceX&#8217;s Next-Generation Starlink Satellites Will Be &#8216;So Big That Only Starship Can Launch&#8217;</a>
Photo: PeopleImages.com &#8211; Yuri A/Shutterstock

Equities

Health Care

GOOGL

Nvidia, Google And Microsoft To Present AI Tools Aimed At Reducing Healthcare Worker Burnout At Las Vegas Conference

Billionaire Elon Musk on Saturday reportedly gave away $1 million to a man named John Dreher who attended his event in Pennsylvania aimed at rallying support for former President Donald Trump. 
What Happened: Musk on Saturday said that America PAC, a pro-Trump super PAC founded by the billionaire, will give $1 million every day through Nov.5 to someone in swing states who signs his online petition. The online petition asks people to pledge their support to the First and Second Amendments which guarantee freedom of speech and the right to bear arms. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every day, from now through Nov 5, <a href="https://twitter.com/america?ref_src=twsrc%5Etfw">@America</a> PAC will be giving away $1M to someone in swing states who signed our petition to support free speech &amp; the right to bear arms! We want to make sure that everyone in swing states hears about this and I suspect this will ensure they do.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847856712914555061?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Earlier this week, Musk also said that registered Pennsylvania voters will get $100 for signing the petition until Monday midnight, together with the person who referred them. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you're a registered Pennsylvania voter, you &amp; whoever referred you will now get $100 for signing our petition in support of free speech &amp; right to bear arms. Earn money for supporting something you already believe in! Offer valid until midnight on Monday.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847115389676740899?ref_src=twsrc%5Etfw">October 18, 2024</a></blockquote>
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Musk&nbsp;is now giving talks in Pennsylvania as part of his campaigning for Trump. On Saturday, Musk gave $1 million to John Dreher, an attendee at his rally, Reuters reported. 
Guests at the talk only need to have signed the petition to attend, Musk said earlier this week. The petition allows the PAC to garner contact details to campaign for Trump. 
Why It Matters: Musk officially endorsed Trump in July after a shooting incident at a rally in Pennsylvania. The billionaire also attended a Trump campaign event in Pennsylvania&nbsp;<a href="https://www.benzinga.com/news/24/10/41197236/elon-musk-and-trump-address-thousands-at-site-of-failed-assassination-attempt-take-aim-at-bidens-lea" target="_blank" rel="noreferrer noopener">earlier this month</a>&nbsp;and termed the election a &#8220;must-win situation&#8221; for Trump.
Trump, meanwhile, has expressed his intent to set up a&nbsp;<a href="https://www.benzinga.com/government/24/09/40739165/trump-plans-to-appoint-elon-musk-to-government-efficiency-commission-if-elected-tesla-ceo-says-hell" target="_blank" rel="noreferrer noopener">government efficiency commission</a>&nbsp;led by Musk if elected President. The commission will be tasked with conducting a complete financial and performance audit of the federal government and recommending reforms, Trump said in September.
Earlier this week, Musk gave <a href="https://www.benzinga.com/news/24/10/41356810/elon-musk-donates-75m-to-support-donald-trumps-presidential-campaign">around $75 million to America PAC </a>in a span of three months from July to September for canvassing voters, cementing him as a key figure in Trump&#8217;s presidential campaign against Vice President Kamala Harris.
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Image via Wikimedia

Elon Musk's Pro-Trump Super PAC To Give $1M Every Day To People In Swing States For Signing His Petition

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares closed up 0.8% at $138 <a href="https://www.benzinga.com/news/24/10/41405213/nvidia-to-rally-around-39-here-are-10-top-analyst-forecasts-for-friday">on Friday</a>, taking its market capitalization to over $3 trillion, but the stock can go higher, according to bullish experts. 
Expert Commentary: Ram Ahluwalia, CEO of Lumida Wealth Management is reportedly optimistic about the company touching a $4 trillion valuation.
&#8220;There&#8217;s no question about it. The demand for GPU chips is strong, and you&#8217;re seeing early adopters starting to get some ROI,&#8221; Ahulwali <a href="https://finance.yahoo.com/news/nvidia-to-win-the-race-to-4-trillion-market-cap-experts-say-131512935.html">told</a> Yahoo Finance. 
T. Rowe Price portfolio manager Tony Wang also reportedly shares the confidence.
"You&#8217;ve got several more years of AI investment before you hit saturation or a more maturing AI landscape," according to Dan Niles, founder of Niles Investment Management. "You&#8217;ll see Nvidia&#8217;s revenues double over the next several years, and I think you&#8217;ll see the stock double over the next several years,&#8221; Niles told Yahoo Finance. 
&#8220;&#8230;demand for Inference compute could grow exponentially as model builders (such as OpenAI) solve for high throughput and low latency. Importantly, supported by its full-stack approach, we believe Nvidia is well-positioned to capture this growth opportunity in Inference,&#8221;<a href="https://www.ft.com/content/e910b9a2-ce6b-48b0-af45-0c55ca723395"> according to </a>Goldman Sachs, as reported by the Financial Times. Sachs has a price target of $150 for the stock. 
Bofa Securities on Friday maintained their &#8216;Buy&#8217; rating on the stock and increased its price target for the company <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41410262/ai-creates-generational-opportunity-why-nvidia-analyst-says-stock-will-hit-190">from $165 to $190.</a> 
In fact, Nvidia has a consensus price target of<a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">&nbsp;$234.49&nbsp;based on the ratings of&nbsp;38&nbsp;analysts.</a>&nbsp;
Why It Matters: Nvidia stock is up by nearly 186.5% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company now has a market cap of about $3.39 trillion. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg" alt="" class="wp-image-603954" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
As of its current valuation, Apple is the only American company with a market cap higher than Nvidia. However, even Apple&#8217;s valuation is short of $4 trillion ($3.57 trillion). 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg" alt="" class="wp-image-603953" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Nvidia stock has surged more than 233% over the past year, with its share price jumping from $41 to $138. Meanwhile, ETFs tracking Nvidia, such as GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>) and Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>), have delivered gains of at least 440% during the same period.
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Image Via Shutterstock

Analyst Color

Analyst Ratings

NVDL

NVDU

Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '…You'll See The Stock Double Over The Next Several Years'

Elliott Investment Management and Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) have begun discussing a potential settlement that could avoid a proxy fight for control of the airline company&#8217;s board.
What Happened: Elliott has proposed a plan that involves giving it representation on the airline&#8217;s board without control, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-19/southwest-activist-elliott-said-to-begin-settlement-discussions">reported</a> on Saturday, citing people familiar with the matter.
The report added that the talks are progressing towards a resolution. However, they haven&#8217;t been finalized and could also be unsuccessful, it said.
<a href="http://pro.benzinga.com">Benzinga</a> has reached out to both Southwest and Elliott for confirmation but is yet to receive a response.
Why It Matters: Earlier this week, Elliott Investment Management asked for a special meeting of&nbsp;Southwest shareholders for Dec. 10 and <a href="https://www.benzinga.com/news/24/10/41314958/whats-going-on-with-southwest-airlines-stock-today">submitted a proposal</a> to replace eight directors on the struggling airline's board. 
Elliott&nbsp;has made several attempts to persuade Southwest to implement what it sees as "necessary" governance changes to improve financial performance since June. The hedge fund said it currently maintains nearly 11% stake in the airline.
"We are taking this step today because the need for improved oversight at Southwest has never been more urgent," the activist investor said earlier this week while adding that the company needs an experienced and qualified Board to oversee changes.
However, Southwest then termed the special meeting request as &#8220;<a href="https://www.benzinga.com/news/24/10/41339656/southwest-airlines-stock-is-rising-tuesday-whats-going-on">unnecessary and inappropriate</a>&#8221; and termed the hedge fund&#8217;s demands as &#8220;extreme.&#8221;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
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