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	Convey Health Solutions Holdings, Inc.  (NYSE: CNVY) shares jumped 138.4% to close at $10.30 as the company agreed to be taken private by TPG Capital.


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	Convey Health Solutions Holdings, Inc.  (NYSE: CNVY) shares jumped 138.8% to $10.31 as the company agreed to be taken private by TPG Capital,.


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Leading cryptocurrencies remained rock steady on Christmas day, retaining advances made the day before.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.08%</td>
<td>$99,024.30</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+0.06%</td>
<td>$3,474.92</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.67%</td>
<td>$0.332</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin sailed to a one-week high of $99,800 during overnight trading, narrowly missing the crucial $100,000 milestone. The leading cryptocurrency hit $98,000 <a href="https://www.benzinga.com/news/treasuries/24/12/42674886/santa-rally-kicks-off-on-wall-street-stocks-gain-tesla-soars-bitcoin-hits-98000">just a day earlier on Christmas Eve</a>, defying days of downward price action.&nbsp;
Ethereum witnessed a bumpy trajectory, wobbling between $3,440 and $3,510.&nbsp;Trading volumes for both blue-chip currencies were down significantly.
Over $200 million was liquidated from the market in the last 24 hours, with long liquidations accounting for $115 million.
Bitcoin's Open Interest rose marginally by 0.24% in the last 24 hours. The number of traders placing upside bets on the cryptocurrency declined vis-à-vis those betting against it, according to the Long/Short Ratio.
Funding rates rose on top exchanges, indicating that traders expected Bitcoin's price to rise.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Movement (MOVE)</td>
<td>+21.65%</td>
<td>$1.15</td>
</tr>
<tr>
<td>Bitget Token (BGB)</td>
<td>+15.37%</td>
<td>$5.77</td>
</tr>
<tr>
<td>GateToken (GT)</td>
<td>+7.25%</td>
<td>$14.72</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.43 trillion, following a decrease of 0.11% in the last 24 hours.
Stock futures were broadly unchanged on Wednesday overnight. The Dow Jones Industrial Average Futures was down or 0.06%, as of 8:30 p.m. ET.&nbsp; Futures tied to the S&amp;P 500 gained 0.01%, while Nasdaq 100 Futures added 0.15%.
The stock market was closed for the Christmas holiday. The Japanese market opened higher, with the Nikkei 225 index gaining 0.44%, a day after a <a href="https://www.reuters.com/world/japan/japan-government-plans-record-730-bln-budget-next-fiscal-year-jiji-reports-2024-12-25/">report </a>said the country was compiling a record $735 billion budget for the next fiscal year.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Well-known cryptocurrency analyst and trader Ali Martinez deemed $97,300 the "most significant support" for Bitcoin, with over 1.5 million wallets accumulating 1.49 million BTCs around the level.
<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">The most significant support level for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is at $97,300, where 1.51 million wallets bought around 1.49 million <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. <a href="https://t.co/hDnBnhwMZw">pic.twitter.com/hDnBnhwMZw</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1872029000929047035?ref_src=twsrc%5Etfw">December 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Popular on-chain analytics firm Santiment revealed a positive crowd sentiment after Bitcoin's bullish Christmas rally, with many anticipating the asset to hit $110,000 next.
"Historically, we will see $110,000 Bitcoin only after the crowd doesn&#8217;t expect it," Santiment cautioned.
<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">&#x1f9d1;&#x200d;&#x1f384;&#x1f4c8; Bitcoin has jumped to as high as $99.8K on a bullish Christmas crypto performance. Traders are now swinging bullish once again, with speculation of $110K getting rampant. Historically, we will see $110K Bitcoin only after the crowd doesn&#39;t expect it, as this image shows. <a href="https://t.co/j4w3VQ4Zio">pic.twitter.com/j4w3VQ4Zio</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1872090202673742217?ref_src=twsrc%5Etfw">December 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/24/12/42677932/russian-firms-adopt-bitcoin-for-global-trade-in-response-to-western-sanctions-should-be-expanded-and-developed-further">Russian Firms Adopt Bitcoin For Global Trade In Response To Western Sanctions: &#8216;Should Be Expanded And Developed Further&#8217;</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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Bitcoin, Ethereum Rise, Dogecoin Slides Amid Positive Christmas Sentiment: Analyst Cautions $110K Target For BTC Possible Only When...

Elon Musk has shared a preview of the collaboration between McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) Japan and the iconic anime series Neon Genesis Evangelion.
What Happened: This partnership was first announced on Dec. 19, 2024. On Wednesday, McDonald Japan's official X, formerly Twitter, page posted a follow-up preview video featuring original voice actors.
<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">運命に導かれた3つのバーガーが マクドナルドに集結。 エヴァンゲリオンバーガー 1/6(月)発売 <a href="https://t.co/6S5JO3Mpi7">pic.twitter.com/6S5JO3Mpi7</a>
&mdash; マクドナルド (@McDonaldsJapan) <a href="https://twitter.com/McDonaldsJapan/status/1872047167419920837?ref_src=twsrc%5Etfw">December 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/24/12/42666738/how-apples-upcoming-smart-doorbell-compares-to-amazons-ring?itm_source=parsely-api">How Apple&#8217;s Upcoming Smart Doorbell Compares To Amazon&#8217;s Ring</a>
The collaboration&#8217;s highlight is the McDonald&#8217;s Evangelion Value Set, offering three unique transforming figurines.
These figures morph from McDonald&#8217;s items—a Big Mac, French fries, and McShake—into EVA units. The set is priced at 3,900 yen (about $24) and requires a lottery registration via the McDonald&#8217;s Japan app, running until Jan. 10.
Winners will be notified on Jan. 16, with collection available from Jan. 20 to 26.&nbsp;
Why It Matters: McDonald&#8217;s Japan is renowned for its anime-themed promotions. Considering Evangelion, which debuted nearly 30 years ago, remains a cultural phenomenon, this latest venture has captured massive attention.
Previously, Guillaume Huin, senior marketing director at McDonald's U.S., said on X that he was eagerly attempting to get his hands on a set.
<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">man I am trying to help myself already. Literally emailed the entire company to try to get a set.
&mdash; Guillaume Huin (@HuinGuillaume) <a href="https://twitter.com/HuinGuillaume/status/1869802393887748457?ref_src=twsrc%5Etfw">December 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk has previously also interacted with McDonald&#8217;s. He once famously <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41148843/much-wow-how-elon-musk-went-from-promising-to-eat-a-happy-meal-if-mcdonalds-adopts-dogecoi">promised to eat a Happy Meal</a> on live television if the fast-food chain adopted Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) as a payment method.
This <a href="https://www.benzinga.com/markets/cryptocurrency/22/01/25206297/elon-musk-says-hell-eat-a-happy-meal-on-tv-if-mcdonalds-accepts-dogecoin-is-there-somethin">playful challenge</a> sparked significant interest within the Dogecoin community.
Rumors of a <a href="https://www.benzinga.com/general/restaurants/24/10/41198120/elon-musk-vs-mcdonalds-tesla-fans-wanted-collaboration-instead-they-get-new-product-launch-co">potential collaboration</a> between McDonald&#8217;s and Tesla Inc. had circulated earlier in 2024, coinciding with the Robotaxi Day. However, these rumors did not materialize.
Price Action: McDonald&#8217;s stock has fallen 1.03% year-to-date, <a href="https://benzinga.grsm.io/lxquj26b2sag">according to Benzinga Pro data</a>. However, analyst reports from BofA Securities, Truist Securities, and BMO Capital have set an average price target of $333.67 for MCD, indicating a potential upside of 13.60%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MCD/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/25210218/Screenshot-2024-12-26-at-7.32.09%E2%80%AFAM-1024x376.png" alt="" class="wp-image-706941" /></a></figure>
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/24/12/42642020/steve-ballmers-bold-investment-strategy-80-of-his-portfolio-is-in-microsoft-stock-heres-why-his-keep-it-simple-approach-is-winning-big?itm_source=parsely-api">Steve Ballmer&#8217;s Winning Investment Strategy: Billionaire Says &#8216;Keep It Simple&#8217; As His Microsoft Bet Pays Off Thanks To AI Boom</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Restaurants

Tech

McDonald's Evangelion Collaboration Advert Catches Elon Musk's Eye. Here's What The Techno King Shared

In the face of global and national political upheavals, the U.S. economy is projected to maintain its exceptional performance, surpassing other major economies in 2025, as per economist Mohamed El Erian.
What Happened: El Erian attributes the strength of the U.S. economy to its significant foreign capital attraction and large-scale investment in future productivity drivers, competitiveness, and growth, according to a Project Syndicate report shared by the economist on X Wednesday.
The former PIMCO CEO said the U.S. economy is &#8220;likely to continue outperforming other major economies in 2025."
<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">Given the amount of foreign capital the US is attracting, and the scale of its investment in the future drivers of productivity, competitiveness, and growth, it is likely to continue outperforming other major economies in 2025, predicts <a href="https://twitter.com/elerianm?ref_src=twsrc%5Etfw">@elerianm</a>. <a href="https://t.co/tDJsIUHvXS">https://t.co/tDJsIUHvXS</a>
&mdash; Project Syndicate (@ProSyn) <a href="https://twitter.com/ProSyn/status/1871722539795505625?ref_src=twsrc%5Etfw">December 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite political turmoil in many countries, including the collapse of governments in France and Germany and the political transition in the U.S. following Donald Trump&#8217;s victory, the economy has remained resilient. This resilience is also evident in the face of geopolitical challenges, such as the &#8220;axis of convenience&#8221; comprising China, Iran, North Korea, and Russia, seeking to challenge the Western-dominated international order.
On the other hand, Europe and China are grappling with significant economic weaknesses, with Europe struggling&nbsp;with low growth and large&nbsp;budget deficits, and China facing the threat of &#8220;Japanification.&#8221;
Despite these challenges, the U.S. economy has not only remained stable but has also pulled further ahead. This trend is expected to continue in 2025, with the U.S. likely to continue outperforming other major economies.
However, El Erian warns that political and geopolitical upheaval poses a risk to the endurance of U.S. economic exceptionalism.
&#8220;My baseline scenario for the [U.S.] includes a somewhat lower immediate growth rate, even as the economy outperforms its peers, and sticky inflation,&#8221; wrote El Erian.
See Also: <a href="https://www.benzinga.com/news/24/12/42635836/warren-buffetts-sons-90k-inheritance-would-be-worth-more-than-400-million-today-but-he-sold-his-berkshire-stock-47-years-ago-to-buy-something-infinitely-more-valuable?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Son&#8217;s $90K Inheritance Would Be Worth More Than $400 Million Today, But He Sold His Berk</a>
Why It Matters: The US economy&#8217;s performance in 2025 has been a <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42137929/2025-us-economy-outlook-cloudier-than-normal-jpmorgan-says-boom-bust-scenarios">topic of discussion</a> among experts. JPMorgan&#8217;s chief economist, Michael Feroli, previously outlined a divided economic outlook for 2025, influenced by the 2024 elections and the early policy indications from the incoming Trump administration.
The International Monetary Fund (IMF) also <a href="https://www.benzinga.com/government/24/10/41461338/imf-upwardly-revises-us-economic-growth-but-warns-under-current-policies-the-us-public-debt-is-not-s">revised its forecast</a> for U.S. growth in 2025, projecting a 2.2% growth, which is 0.3 percentage point higher than previous estimates.
Moreover,&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42024472/goldman-sachs-us-to-dominate-2025-growth-with-2-5-gdp-boost-euro-area-will-struggle">Goldman Sachs Research</a>&nbsp;predicts a strong year for global economic growth in 2025, with the US expected to lead the way, significantly surpassing the consensus of 1.9%.
However, El Erian&#8217;s prediction of the US economy outperforming other major economies aligns with his earlier warning about <a href="https://www.benzinga.com/markets/bonds/24/12/42677086/treasury-yields-could-hit-5-in-2025-mohamed-el-erian-warns-will-next-year-bring-head-winds-for-surging-markets">U.S. Treasury yields potentially hitting 5% in 2025</a>, as markets digest the Federal Reserve's revised rate outlook and end-of-year dynamics.
Photo by International Monetary Fund on Flickr
Read Next: 
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Economics

El Erian Explains Why US Economy Is 'Likely To Continue Outperforming Other Major Economies In 2025'

Cryptocurrencies and stocks associated with &#8220;Roaring Kitty&#8221; rose Wednesday following the famed trader&#8217;s apparent &#8216;Merry Christmas&#8217; wish.
What happened: Keith Gill, better known online as Roaring Kitty, became active on the special day after he posted a picture of a neatly wrapped gift.
The message conveyed his Christmas wish and wasn't as cryptic as some of his earlier social media posts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/RLv8w97uPp">pic.twitter.com/RLv8w97uPp</a>
&mdash; Roaring Kitty (@TheRoaringKitty) <a href="https://twitter.com/TheRoaringKitty/status/1871933930963693706?ref_src=twsrc%5Etfw">December 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42665539/north-korean-hackers-suspected-presence-triggers-over-500-million-in-outflows-from-crypto-exchange">North Korean Hackers&#8217; Suspected Presence Triggers Over $500 Million In Outflows From Crypto Exchange</a>
The frenzy took over immediately. Shares of GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), connected to Roaring Kitty's <a href="https://www.benzinga.com/news/24/07/39799183/whats-going-on-with-gamestop-stock">historic 2021 short squeeze</a>, <a href="https://robinhood.com/us/en/stocks/GME/">jumped</a> 7.68% in Robinhood's overnight trading to $33.50.
Similarly, a meme coin of the same name, GmeStop (GME), rose 5% to a market capitalization of $31.26 million, <a href="https://coinmarketcap.com/currencies/gme/">according </a>to CoinMarketCap. The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based coin witnessed a 43% jump in trading volume in the last 24 hours,&nbsp;
Another coin, Kitty Inu (KITTY) surged 17.96% in the last 24 hours.&nbsp;
Note that these meme coins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the speculations of a short squeeze of the meme stock and a possible repetition of the 2021 event.
Roaring Kitty's social posts have <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39807951/why-are-gamestop-and-kitty-themed-memecoins-trading-higher-today-read-on">drastically moved</a> the traditional and cryptocurrency markets in 2024, especially after his comeback in May.
The trader has shared position updates on Reddit and even <a href="https://www.benzinga.com/markets/equities/24/06/39231962/roaring-kitty-draws-600k-live-viewers-in-youtube-return-im-alive">hosted a livestream</a> on his YouTube channel during market hours.
Price Action: Shares of GameStop closed 0.78% higher at $31.14 during Tuesday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Read Next:&nbsp;
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Equities

Roaring Kitty's 'Christmas' Post Has GameStop Rallying 7% In Overnight Trading — Memecoin Connected To Trader Also Surge

In response to US President-elect Donald Trump&#8217;s renewed interest in acquiring Greenland, the Danish government has significantly ramped up defense spending for the Arctic territory. This announcement was made shortly after Trump&#8217;s statement.
What Happened: Danish Defence Minister Troels Lund Poulsen announced a substantial investment in Greenland&#8217;s defense, amounting to a &#8220;double digit billion amount&#8221; in krone, equivalent to at least $1.5bn. The investment package includes the procurement of two inspection ships, long-range drones, and additional dog sled teams, as well as bolstering staffing at Arctic Command in Nuuk and an upgrade for one of Greenland&#8217;s main civilian airports, <a href="http://Denmark Ramps Up Greenland's Defense Budget Amid Trump's Renewed Acquisition Interest In response to US President-elect Donald Trump's renewed interest in acquiring Greenland, the Danish government has significantly ramped up defense spending for the Arctic territory. This announcement was made shortly after Trump's statement. What Happened: As reported by a BBC article on Thursday, Danish Defence Minister Troels Lund Poulsen announced a substantial investment in Greenland's defense, amounting to a &quot;double digit billion amount&quot; in krone, equivalent to at least $1.5bn (£1.2bn). The investment package includes the procurement of two inspection ships, long-range drones, and additional dog sled teams, as well as increased staffing at Arctic Command in Nuuk and an upgrade for one of Greenland's main civilian airports. Greenland, an autonomous Danish territory, holds strategic importance to the US due to its location on the shortest route from North America to Europe and its significant mineral reserves. The territory also houses a large US space facility. See Also: Schwab US Dividend Equity ETF Reverses In December: What's Going On? Trump expressed on his social media platform, Truth Social, that the &quot;ownership and control of Greenland is an absolute necessity&quot; for the US. However, Greenland's Prime Minister Mute Egede responded, stating &quot;we are not for sale&quot;, but emphasized the importance of continued cooperation and trade. Analysts suggest that Denmark's defense boost has been under discussion for a while and should not be seen as a direct response to Trump's comments. If Denmark fails to protect the waters around Greenland from potential encroachments by China and Russia, US demands for greater control could increase. Why It Matters: Trump's controversial remarks about acquiring Greenland and reclaiming the Panama Canal have been seen as part of his &quot;America First&quot; agenda, which emphasizes asserting U.S. interests on the global stage. The idea of buying Greenland apparently came from cosmetics heir, Ronald Lauder, as revealed in an upcoming book. Trump's call to reclaim the Panama Canal has sparked backlash from Panama's President José Raúl Mulino, highlighting potential tensions that could affect maritime trade through the critical waterway. Read Next: Biden Dumps Student Loan Forgiveness Plans: What It Means For Borrowers, Loan Providers Like SoFi">reported</a> BBC on Wednesday.
Greenland, an autonomous Danish territory, holds strategic importance to the U.S. due to its location on the shortest route from North America to Europe and its significant mineral reserves. The territory also houses a large U.S. space facility.
Trump expressed on Truth Social, that the &#8220;ownership and control of Greenland is an absolute necessity&#8221; for the U.S. However, Greenland&#8217;s Prime Minister Mute Egede responded, stating &#8220;We are not for sale&#8221;, but emphasized the importance of continued cooperation and trade.
Analysts suggest that Denmark&#8217;s defense boost has been under discussion for a while and should not be viewed as a direct response to Trump&#8217;s comments. If Denmark fails to protect the waters around Greenland from potential encroachments by China and Russia, US demands for greater control could increase.
See Also: <a href="https://www.benzinga.com/general/biotech/24/12/42660458/schwab-us-dividend-equity-etf-reverses-in-december-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Schwab US Dividend Equity ETF Reverses In December: What&#8217;s Going On?</a>
Why It Matters: Trump&#8217;s <a href="https://www.benzinga.com/markets/equities/24/12/42678846/trumps-controversial-remarks-on-panama-canal-and-greenland-safeguarding-trade-and-security-or-grabbing-power">controversial remarks</a> about acquiring Greenland and reclaiming the Panama Canal have been seen as part of his &#8220;America First&#8221; agenda, which emphasizes asserting U.S. interests on the global stage. The idea of <a href="https://www.benzinga.com/news/22/09/28875236/donald-trumps-said-greenland-purchase-was-his-idea-but-it-came-from-a-new-york-cosmetics-heir-reveal">buying Greenland</a> apparently came from cosmetics heir, Ronald Lauder, as revealed in an upcoming book. 
Trump&#8217;s call to reclaim the Panama Canal has also <a href="https://www.benzinga.com/24/12/42639737/trumps-call-to-reclaim-panama-canal-sparks-backlash-every-square-meter-belongs-to-panama-says-president-mulino">sparked backlash</a> from Panama's President José Raúl Mulino, highlighting potential tensions that could affect maritime trade through the critical waterway.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Trump Effect? Denmark Boosts Greenland's Defense Budget Amid President-Elect's Renewed Acquisition Interest

Mark Cuban took to the Bluesky platform on Dec. 1 to issue a dire warning about the future of housing affordability. His message? It's not interest rates that will be the top challenge for homeowners in the next few years – it's home insurance.
Cuban said:
"Home insurance in areas hit by <a href="https://www.benzinga.com/markets/equities/24/10/41222716/as-florida-prepares-for-one-of-deadliest-hurricanes-here-are-some-potential-stock-winners-and-lo">repetitive disasters</a> will be the number one housing affordability issue over the next four years. And possibly going into the midterms. More so than interest rates.&nbsp;
Florida in particular is going to have huge problems."
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This comment wasn't made in a vacuum. Cuban was responding to a post by another Bluesky user, @AmyL, who painted a grim picture of the <a href="https://www.benzinga.com/real-estate/24/04/38046445/florida-governor-ron-desantis-raises-alarm-by-calling-citizens-insurance-not-solvent-as-an-explosive">housing market in Florida</a>:
"Here in Florida we have a housing crisis of our own – developers are building affordable homes all around, but many are <a href="https://www.benzinga.com/real-estate/24/10/41353947/5-6-million-vacant-homes-in-america-are-we-misunderstanding-the-housing-crisis-experts-weigh-in">sitting empty</a> because people can't afford the necessary home insurance."
Cuban's concern is rooted in the growing number of natural disasters hitting regions like Florida, California and the Gulf Coast. Hurricanes, wildfires and flooding are becoming more frequent and severe, leading insurance companies to either raise premiums dramatically or pull out of these markets altogether.
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Take Florida, for example. Once a haven for retirees and snowbirds, the state faces skyrocketing insurance premiums due to its vulnerability to hurricanes. Some insurers have stopped offering coverage, forcing homeowners to rely on state-backed programs that aren't always sufficient.
This has created a vicious cycle:
• Homes in disaster-prone areas are becoming increasingly expensive to insure.
• Without insurance, many prospective buyers are priced out, even if the home is "affordable."
• Meanwhile, <a href="https://www.benzinga.com/personal-finance/24/09/40837523/suze-orman-isnt-wasting-money-on-insurance-for-her-condo-im-not-paying-28-000-a-year-when-the-in">property damage risks</a> remain high, discouraging investment and leaving homes empty.
It's not just Florida. Here are some areas in the U.S. known for frequent natural disasters – and the ripple effects they're experiencing:
1. California: Wildfires have devastated entire communities, leading to billions in damages and skyrocketing premiums.
2. Texas: Hurricanes, flooding and hailstorms make parts of the state a high-risk zone for insurers.
3. Louisiana: Like Florida, Louisiana is particularly vulnerable to hurricanes and rising sea levels.
4. Oklahoma: Tornadoes regularly wreak havoc, increasing home repair costs and insurance premiums.
5. Midwest States: Flooding from rivers like the Mississippi and Missouri has made some areas nearly uninsurable.
Trending: Deloitte's fastest-growing software company partnered with Amazon, Walmart &amp; Target announces the deadline to invest this year is 12/20. – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
Cuban's prediction that home insurance will become a political issue makes sense. As premiums rise and insurers retreat, state and federal governments may have to step in to prevent housing markets in disaster-prone areas from collapsing.
But it's not just about legislation. This crisis is a wake-up call for how we handle climate change, urban planning and disaster preparedness. Without serious reforms, homeowners in high-risk areas might face an impossible choice: pay unaffordable premiums, go without insurance or leave their communities entirely.
Mark Cuban's warning highlights an often-overlooked <a href="https://www.benzinga.com/markets/24/12/42572520/2025-housing-market-looks-like-a-year-of-struggle-for-states-like-builders-now-hold-record-inventory">aspect of the housing crisis</a>. While interest rates and rising home prices grab headlines, the real threat may come from something even harder to control: nature. For homeowners in places like Florida, the clock is ticking and the need for solutions has never been more urgent.
If you're considering buying property in a disaster-prone area, it's crucial to factor in the cost – and availability – of home insurance. But for savvy investors, this shifting landscape could be a unique opportunity. By focusing on rentals or REITs in safer regions, there's still a way to turn the challenges of today's housing market into a long-term advantage.
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Real Estate

'Florida, In Particular, Is Going To Have Huge Problems' – Mark Cuban Says #1 Housing Affordability Issue Is Insurance, Not Interest Rates

Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has outperformed the market over the past 15 years by 14.69% on an annualized basis producing an average annual return of 26.58%. Currently, Apple has a market capitalization of $3.90 trillion. 
Buying $100 In AAPL: If an investor had bought $100 of AAPL stock 15 years ago, it would be worth $3,415.99 today based on a price of $258.10 for AAPL at the time of writing.
<h3>Apple's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1735166738_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

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

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/LBUY">Leafbuyer Techs</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 33.33% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/CBDY">Target Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed up 25.00% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/CBWTF">Auxly Cannabis Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBWTF#OTC">CBWTF</a>) shares closed up 22.11% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/CLSH">CLS Holdings USA</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLSH#OTC">CLSH</a>) shares closed up 17.88% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/RSSFF">Affinor Growers</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RSSFF#OTC">RSSFF</a>) shares closed up 16.67% at $0.07</li>
<li><a href="https://www.benzinga.com/quote/EAST">Eastside Distilling</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) shares closed up 14.75% at $0.80</li>
<li><a href="https://www.benzinga.com/quote/FFNTF">4Front Ventures</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed up 10.53% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/UGRO">Urban-gro</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed up 8.57% at $1.08</li>
<li><a href="https://www.benzinga.com/quote/CNBX">CNBX Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed up 6.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed up 5.15% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/ZLDAF">Zelira Therapeutics</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ZLDAF#OTC">ZLDAF</a>) shares closed up 4.88% at $0.37</li>
<li><a href="https://www.benzinga.com/quote/ZDPY">Zoned Properties</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ZDPY#OTC">ZDPY</a>) shares closed up 4.53% at $0.46</li>
<li><a href="https://www.benzinga.com/quote/SOL">Emeren Group</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) shares closed up 4.00% at $2.10</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed up 3.57% at $0.07</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/MPXOF">MPX International</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPXOF#OTC">MPXOF</a>) shares closed down 81.82% at $0.0002</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed down 24.35% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/FUAPF">Global Compliance</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed down 24.05% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed down 18.75% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed down 8.97% at $0.14</li>
<li><a href="https://www.benzinga.com/quote/CURR">Currenc Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares closed down 7.95% at $1.56</li>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed down 7.16% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/CVSI">CV Sciences</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CVSI#OTC">CVSI</a>) shares closed down 6.52% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/MRMD">MariMed</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>) shares closed down 6.43% at $0.12</li>
<li><a href="https://www.benzinga.com/quote/GNLN">Greenlane Hldgs</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares closed down 5.40% at $1.51</li>
<li><a href="https://www.benzinga.com/quote/CWBHF">Charlottes Web Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CWBHF#OTC">CWBHF</a>) shares closed down 4.37% at $0.10</li>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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CANNABIS WHEATON INCOME by Cannabis Wheaton Income Corp.

CBWTF

CLSH

CNBX

CNTMF

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

CVSI

CWBHF

EAST

FFNTF

FUAPF

GNLN

KAYS

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

MPXOF

MRMD

NWVCF

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RSSFF

TGIFF

UGRO

ZDPY

ZLDAF

Marijuana Stock Movers For December 25, 2024

In the current market session, Portland Gen Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) share price is at $43.71, after a 0.02% increase. Moreover, over the past month, the stock fell by 8.93%, but in the past year, spiked by 0.76%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1735155908_0.png" alt="Past Year Chart" />

<h3>Portland Gen Electric P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 24.36 in the Electric Utilities industry, Portland Gen Electric Inc. has a lower P/E ratio of 13.19. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735155908_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

P/E Ratio Insights for Portland Gen Electric

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