Option chain shows key data for B. Riley Financial's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for B. Riley Financial.

B. Riley Financial (NASDAQ:RILYP) Stock, Option Chain

B. Riley Financial

B. Riley Financial Inc is a diversified financial services company. The company through its subsidiaries offers investment banking and financial services to corporate, institutional, and high-net-worth clients and also asset disposition, valuation and appraisal, and capital advisory services to retail, wholesale, institutional, lenders, capital providers, private equity investors, and professional services firms in United States, Canada, and Europe. It also provides internet access and subscription services. The reportable operating segments of the company include Capital Markets, Wealth Management, Financial Consulting, Auction and Liquidation, Communications segment, and Consumer products segment.

6.875% PRF PERPETUAL USD 25 - Ser A 1/1000th Int

News

Intraday Update

Markets

Movers

Trading Ideas

AMED

AMGN

ANSS

ARVN

AXSM

BAOB

BBIO

BF-B

CATN

CBOE

CBPX

CDLX

CPRT

DOCU

DSGX

EKCS

EPZM

ESSA

EVER

EVRI

FIVN

GRMN

GWRE

INOV

KXSCF

LPLA

LTHO

LUNA

MGLN

NDAQ

NMRK

NSVGF

NUAN

PAYC

PING

PLMR

PLXS

PNTG

PWCO

RDNT

RILYP

RIVX

RMBI

SCHW

SCTY

SEIC

TSSI

RLLMF

HDIUF

CNPRF

ALLIF

DALXF

Stocks That Hit 52-Week Highs On Thursday

AACTF

AAPL

ACTG

AGEN

ALLE

ARNC

ATEC

ATRS

BANX

BLDP

BRLXF

BTBIF

BURL

CARO

CART

CATO

CDUAF

CNMD

CNNE

CNTO

CNXN

CODI

CSSEP

CTXS

DBMG

DGII

DRNA

DXCM

EIDX

EPRT

FSFG

FTNT

FWONA

FWONK

GOOG

GOOGL

Granite Real Estate Inc. Stapled Units, each consisting of one unit of Granite Real Estate Trust and one common share of Granite REIT Inc.

GRP-U

HHBT

HIBB

HLAN

INFN

INMD

INST

KEYS

KPTI

KRTX

LDOS

LULU

MSFT

NBIX

NIOBF

NUVA

OESX

OPRT

ORLY

PCTY

PLUG

PODD

POFNF

Stocks That Hit 52-Week Highs On Monday

ACAD

AEIS

APPS

ARWR

BLDR

BOOT

BXMX

CABA

CABO

CELG

CLLXF

CLNFF

CMRE

COHU

CORG

CRSP

DCPH

DOOR

EBMT

ECIA

FCNCA

FRTA

FSBW

FTLF

GAIN

GLAD

GLIBA

GLIBB

GLPI

GMRE

GRBK

HLIT

IMXI

INGXF

INTZ

IPHI

KDMN

KLAC

LITE

LSXMA

MBWM

MNRLF

MPAA

MPWR

MRVL

MSTR

NVMI

NXPI

PARR

Stocks That Hit 52-Week Highs On Tuesday

B. Riley Financial, Inc. - Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred Stock

B. Riley Financial Inc

The debt ceiling has become a central point of contention in Washington this week, disrupting year-end <a href="https://www.benzinga.com/news/24/11/42154761/majority-of-americans-approve-of-trumps-second-term-agenda">government funding talks</a> that were resolved early Saturday.
What Happened: President-elect Donald Trump has called for either raising or completely eliminating the borrowing limit, a move that could resolve the issue before he assumes office and allow him to pursue his agenda without future debt-ceiling battles.
"Congress must get rid of, or extend out to, perhaps, 2029, the ridiculous Debt Ceiling," Trump wrote in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/113683687655180611">post</a> on Friday. "Without this, we should never make a deal. Remember, the pressure is on whoever is President."
This differs from Trump&#8217;s past view. In January 2013, he wrote, "I cannot believe the Republicans are extending the debt ceiling — I am a Republican and I am embarrassed!"
According to a report <a href="https://www.businessinsider.com/trump-raise-eliminate-debt-ceiling-default-economic-consequences-interest-rates-2024-12">by</a> Business Insider, the debt ceiling, which caps how much the federal government can borrow, has long been a contentious political tool. Failing to raise it risks a government default, jeopardizing programs like Social Security, Medicaid and housing assistance.
Also Read: <a href="https://www.benzinga.com/news/24/12/42257531/heres-how-ray-dalio-thinks-trumps-second-term-could-reshape-the-us-and-the-world">Here&#8217;s How Ray Dalio Thinks Trump&#8217;s Second Term Could Reshape the US and the World</a>
A default could also spike interest rates, as the U.S. might lose its reputation as a creditworthy borrower. "It would mean higher rates on mortgages and credit cards, potentially leading to a deep recession," Len Burman of the Urban Institute told the outlet.
Trump's position aligns with some Democrats who advocate abolishing the debt ceiling altogether. Sen. Elizabeth Warren (D-Mass.) recently voiced agreement, arguing that the ceiling is frequently weaponized to force spending cuts.
During previous standoffs, unconventional solutions like invoking the 14th Amendment or minting a $1 trillion platinum coin were proposed to sidestep the limit. Rep. Jamie Raskin (D-Md.) suggested that such options remain viable if Congress fails to act.
Why It Matters: Despite Trump's push, many Republicans oppose eliminating the debt ceiling, citing its role as a check on federal borrowing. Trump has warned that GOP members opposing his stance may face primary challenges. 
The country is projected to hit the debt limit early next year, though the Treasury Department could delay default until late spring through accounting measures.
Read Next
<a href="https://www.benzinga.com/24/12/42624528/government-shutdown-stocks-wobble-paychecks-delayed-holiday-travel-could-change-heres-what-you-need-to-know">Government Shutdown Threat: Holiday Travel, Paychecks Could Face Delays If No Deal Reached</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Why Trump Wants Debt Ceiling Killed Before He Takes Office

Perennial TV fave Ryan Seacrest is in contract to buy an expansive renovated $36 million estate, according to a report in the Wall Street Journal.&nbsp;
The veteran presenter, known for presenting "American Idol," "Wheel Of Fortune" and "Live With Kelly and Ryan," routinely shuttles between New York and LA. He is buying his new home from fashion mogul Serge Azria, who paid $16.455 million for the Bel-Air property in 2020. Azria undertook a three-year renovation of the home before listing the roughly 11,000-square-foot Bel-Air property for $48 million in June.
Don't Miss:
<ul>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
<li>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></li>
</ul>
<h2 class="wp-block-heading">A Relaxing Mediterranean-Styled Escape</h2>
The contemporary Spanish-style home, built in 1928, features simple wood and off-white finishes and furnishings, arched inset porches and light wood beams beneath vaulted ceilings. It has a showbiz pedigree, previously owned by actress Diane Keaton twenty years ago.
&nbsp;Per Azria's intent, the home was remade with a Mediterranean feel, adding four olive trees in the garden to complement the minimalist, soothing color palette. The home also features a separate pool house with a wood-burning fireplace, a 5-6 car garage, a steam room, a sauna, a terrace and two kitchens.
See Also: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
<h2 class="wp-block-heading">Real Estate Moves</h2>
Seacrest – with a net worth of around $500 million – has been as busy buying and selling California real estate as he has presenting. He listed a Napa Valley estate for $22 million in July and sold a Beverly Hills home for $51 million to tech billionaire Brian Long in 2022. Seacrest had purchased the property from <a href="https://www.benzinga.com/markets/24/10/41148149/inside-ellen-degeneress-real-estate-side-hustle-as-she-reflects-on-life-after-comedy">Ellen DeGeneres</a> and Portia DeRossi for $36.5 million in 2012.
Seacrest also sold his New York home – a five-bedroom penthouse in the West Village – to Fanatics billionaire Michael Rubin for $43 million in the summer of 2023, as reported by the Daily Mail.&nbsp;
Trending: 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>
<h2 class="wp-block-heading">A Business Empire</h2>
Though Seacrest is well known as a jovial on-screen presence, he is at the helm of a business empire offscreen. These include:
<ul>
<li>Ryan Seacrest Productions: Seacrest's production company is behind hit TV shows, including Keeping Up With the<a href="https://www.benzinga.com/topic/kim-kardashian"> Kardashians</a>, E! Live from the Red Carpet, Shahs of Sunset, I Love Kellie Pickler, Shades of Blue and Insatiable.</li>
<li>Ryan Seacrest Distinction: A menswear clothing line sold exclusively at Macy's.</li>
<li>Polished: A skincare line discontinued in 2022.</li>
<li>Casa Dragones tequila: Seacrest is the face of Casa Dragones tequila.</li>
<li>iHeartMedia: Seacrest has been an ongoing presence on iHeart Radio and recently inked a new deal that will see him remain the morning voice of radio in Los Angeles until the end of 2027.</li>
</ul>
He will also continue to host iHeart Radio events, including the two-day iHeartRadio Music Festival and LA's iHeartRadio Jingle Ball holiday concert.
In addition to hosting iHeart Radio-affiliated shows, Seacrest is the annual host of Dick Clark's New Year's Rockin' Eve with Ryan Seacrest, which he has hosted for the last 18 years, earning $1 million for the night.&nbsp;
Read Next:
<ul>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
<li>Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market –<a href="https://www.benzinga.com/money/wolfpack"> here&#8217;s how to get equity in it with just $100</a></li>
</ul>

Real Estate

Ryan Seacrest Is Buying An LA Mansion for $36 Million. Here's A Look At His Splashy Property Portfolio

Billy Joel's No Longer In A New York State Of Mind. Music Legend Lists Long Island Manse And Settles In Florida
Billy Joel&#8217;s movin&#8217; out – or rather, has moved out. The music icon, whose 1976 hit New York State Of Mind cemented his association with his home state, has listed his luxury waterfront estate in Centre Island, New York, for $49.9 million.
The Piano Man recently completed a five-year renovation on the sprawling 26-acre property, which contains four separate houses – the Main House, Beach House, guesthouse and Gate House – and sits on over 2,000 feet of private beachfront overlooking the Long Island Sound.
Don't Miss:
<ul>
<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
</ul>
<h2 class="wp-block-heading">A Long Island Landmark</h2>
Known as Middle Sea, Joel told The New York Times he first saw the property as a teen while dredging oysters to earn extra money. He purchased the property in 2002, three years after Forbes estimated his net worth at around $52 million. It is now estimated to be around $250 million. Located between the upscale <a href="https://www.benzinga.com/content/42252309/carolyn-miles-scents-4-my-soul-ceo-to-be-honored-at-this-year-2024-kwanza-celebration">Long Island</a> neighborhoods of <a href="https://www.benzinga.com/markets/24/09/40943847/piano-man-hits-a-sour-note-billy-joels-mansion-takes-a-15-million-haircut">Oyster Bay</a> and Cold Spring Harbor, Joel&#8217;s moniker for the property stems from its geographic location. It is also an homage to the Middle &#8220;C&#8221; on a piano.
"If it's not for me being able to take piano lessons, I probably would never have been able to afford a high-flying property like this. So, I named it after the first note I learned on the piano, which was C," Joel told The New York Times.
Joel has been active in the Florida real estate market for years. The listing of Middle Sea comes weeks after he sold another of his homes – a beachfront home in Manalapan, South Florida, which was also coincidentally listed for $49.9 million. According to<a href="https://www.mansionglobal.com/articles/billy-joel-finally-finds-a-buyer-for-his-south-florida-spread-a12ad195"> </a>Mansion Global, the home was first listed in 2018 for $31.9 million after Joel purchased it in 2015 for $22.1 million.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">A Flurry of Florida Purchases</h2>
Despite singing the song "You're My Home," Joel might have a problem saying the same thing in real life. According to the Palm Beach Post, he recently bought two neighboring properties in The Sanctuary in Boca Raton – a private 100-home community. According to deed information, one of the homes was purchased for $29 million in the gated and guarded community off Spanish River Boulevard. The 15,000-square-foot residence sits on a corner lot with over an acre of land and 560 feet of waterfrontage on the Intracoastal Waterway. Joel also purchased a townhouse in Palm Beach and an equestrian property in Wellington.
<h2 class="wp-block-heading">A Kinder Climate&nbsp;</h2>
Joel, who had both hips replaced in 2010, recently lost 50 lbs after suffering back surgery pain. Moving to warmer weather could help him avoid frigid New York winters as he ages.
"I'm just gonna spend a little more time in Florida like old Jewish guys from Long Island do," he joked earlier this year when on stage at UBS Arena in New York. He added that he also has another home on Long Island that he plans to keep.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>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/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
Billy Joel&#8217;s movin&#8217; out – or rather, has moved out. The music icon, whose 1976 hit New York State Of Mind cemented his association with his home state, has listed his luxury waterfront estate in Centre Island, New York, for $49.9 million.
The Piano Man recently completed a five-year renovation on the sprawling 26-acre property, which contains four separate houses – the Main House, Beach House, guesthouse and Gate House – and sits on over 2,000 feet of private beachfront overlooking the Long Island Sound.
Don't Miss:
<ul>
<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
</ul>
<h2 class="wp-block-heading">A Long Island Landmark</h2>
Known as Middle Sea, Joel told The New York Times he first saw the property as a teen while dredging oysters to earn extra money. He purchased the property in 2002, three years after Forbes estimated his net worth at around $52 million. It is now estimated to be around $250 million. Located between the upscale <a href="https://www.benzinga.com/content/42252309/carolyn-miles-scents-4-my-soul-ceo-to-be-honored-at-this-year-2024-kwanza-celebration">Long Island</a> neighborhoods of <a href="https://www.benzinga.com/markets/24/09/40943847/piano-man-hits-a-sour-note-billy-joels-mansion-takes-a-15-million-haircut">Oyster Bay</a> and Cold Spring Harbor, Joel&#8217;s moniker for the property stems from its geographic location. It is also an homage to the Middle &#8220;C&#8221; on a piano.
"If it's not for me being able to take piano lessons, I probably would never have been able to afford a high-flying property like this. So, I named it after the first note I learned on the piano, which was C," Joel told The New York Times.
Joel has been active in the Florida real estate market for years. The listing of Middle Sea comes weeks after he sold another of his homes – a beachfront home in Manalapan, South Florida, which was also coincidentally listed for $49.9 million. According to<a href="https://www.mansionglobal.com/articles/billy-joel-finally-finds-a-buyer-for-his-south-florida-spread-a12ad195"> </a>Mansion Global, the home was first listed in 2018 for $31.9 million after Joel purchased it in 2015 for $22.1 million.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">A Flurry of Florida Purchases</h2>
Despite singing the song "You're My Home," Joel might have a problem saying the same thing in real life. According to the Palm Beach Post, he recently bought two neighboring properties in The Sanctuary in Boca Raton – a private 100-home community. According to deed information, one of the homes was purchased for $29 million in the gated and guarded community off Spanish River Boulevard. The 15,000-square-foot residence sits on a corner lot with over an acre of land and 560 feet of waterfrontage on the Intracoastal Waterway. Joel also purchased a townhouse in Palm Beach and an equestrian property in Wellington.
<h2 class="wp-block-heading">A Kinder Climate&nbsp;</h2>
Joel, who had both hips replaced in 2010, recently lost 50 lbs after suffering back surgery pain. Moving to warmer weather could help him avoid frigid New York winters as he ages.
"I'm just gonna spend a little more time in Florida like old Jewish guys from Long Island do," he joked earlier this year when on stage at UBS Arena in New York. He added that he also has another home on Long Island that he plans to keep.
Read Next:
<ul>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>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/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

Billy Joel's No Longer In A New York State Of Mind. Music Legend Lists Long Island Manse And Settles In Florida

When you think of Dave Ramsey, you think of financial freedom, debt-free living and his famous mantra: "Debt is dumb, cash is king." But what happens when the <a href="https://www.benzinga.com/personal-finance/24/12/42380263/elon-musk-asks-if-irs-funding-should-be-deleted-more-than-60-of-respondents-said-yes">dreaded IRS</a> comes knocking with a hefty tax bill you didn't prepare for? Surprisingly, even Ramsey says borrowing money might be the lesser of two evils in this specific case.
<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">Debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.
&mdash; Dave Ramsey (@DaveRamsey) <a href="https://twitter.com/DaveRamsey/status/1507359648952823813?ref_src=twsrc%5Etfw">March 25, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Don't Miss:
<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>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
On an <a href="https://www.youtube.com/watch?v=3ew__d2xzPo">episode</a> of the EntreLeadership Podcast, Ramsey tackled a real-world scenario from a business owner, Ross, whose electrical contracting business faced an unexpected $200,000 tax bill. Ross admitted he had focused all his extra cash on paying off other debts, leaving nothing aside for taxes. The accountant's suggestion? <a href="https://www.benzinga.com/money/how-to-get-a-bank-loan">Borrow the money from the bank</a> to settle the tax debt. While this might sound like heresy to Ramsey's usual no-debt philosophy, he agreed.
<h2 class="wp-block-heading">Why Borrowing Beats Owing the IRS</h2>
Ramsey didn't whitewash the reality: if you owe the IRS, you're in trouble. "You'd rather owe the bank on a line of credit than you would the KGB," he said, pointing out that their penalties and interest rates are far harsher than any bank loan. The priority, he emphasized, is to get the IRS out of your life as quickly as possible.
Borrowing from a bank might sting, but it's a strategic move. Ramsey explained that most lines of credit carry lower interest rates – often around 8% or so – which are far more manageable than the fines and stress that come with unpaid taxes. You do not want the IRS breathing down your throat, he warned.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">The Real Problem: Poor Planning</h2>
While agreeing with the borrowing strategy, Ramsey didn't let Ross off the hook for how he ended up in this mess. "You're running this like it's a $1 million business" when it's a $10 million business, he said bluntly. Ramsey stressed the importance of monthly tax planning, robust accounting systems and professional oversight for a business of Ross&#8217; size. He suggested hiring an in-house controller or CFO and upgrading from entry-level software like <a href="https://www.benzinga.com/news/24/08/40373775/intuit-faces-growing-risks-in-turbotax-and-quickbooks-morgan-stanley-analyst">QuickBooks</a> to more sophisticated tools like NetSuite.
"You can't outearn stupidity," Ramsey said, telling Ross that he needs systems that match the size and complexity of his business.
Trending: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">What This Means For You</h2>
Ramsey&#8217;s advice is clear for anyone facing an unexpected tax bill: handle the IRS immediately. If you don't have the cash, a bank loan or line of credit is your best option. But the real lesson here is about preparation. <a href="https://www.benzinga.com/personal-finance/24/05/39010733/3-financial-fears-and-the-tips-to-overcome-them">Regularly set aside money</a> for taxes, especially if you're experiencing rapid growth or success in your business. Work with a qualified accountant who understands your needs and can help you stay ahead of tax liabilities.
If you're growing fast, it's easy to overlook the administrative side of things. However, as Ramsey pointed out, neglecting your financial systems can result in disaster. "Congratulations on killing it," he told Ross, "but now your lack of systems and sophistication is going to cause you to lose it."
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<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>
</ul>

Personal Finance

Facing A Tax Bill? Dave Ramsey Breaks His 'No-Debt' Policy, Says Borrowing From The Bank Beats Owing The IRS, Which He Calls 'The KGB'

Becton, Dickinson And Co. Agrees To Pay $175 Million Civil Penalty
The Securities and Exchange Commission on Monday announced it had <a href="https://www.sec.gov/newsroom/press-releases/2024-201">settled charges</a> against Becton, Dickinson and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>), known as BD, for repeatedly misleading investors about risks associated with its continued sales of its Alaris infusion pump and for overstating its income by failing to record the costs of fixing multiple software flaws with the pump. BD agreed to pay a $175 million civil penalty.
Read More: <a href="https://www.benzinga.com/general/social-media/24/12/42598651/mystery-drone-sightings-all-over-the-country-trump-says-what-to-know-about-investigations-lawmakers-reactions">&#8216;Mystery Drone&#8217; Sightings Spark Investigations, Politicians Respond: &#8216;Shoot Them Down,&#8217; Trump Says</a>
"BD repeatedly painted a misleading picture of its Alaris infusion pump for investors and then doubled down by keeping them in the dark when the device's issues came to a head with the FDA in late 2019," said Sanjay Wadhwa, Acting Director of the SEC's Division of Enforcement.&nbsp;
"Public companies have a fundamental duty to accurately disclose material business risks and should expect to be held accountable when they fall short in that regard," Wadhwa added.&nbsp;
The SEC's order finds that BD violated antifraud, reporting, internal accounting controls, books and records and disclosure controls provisions of the federal securities laws. BD agreed to cease and desist from further violations of these provisions, to retain an independent compliance consultant to review and make recommendations concerning its disclosure controls and procedures and to the $175 million civil penalty, without admitting or denying the SEC's findings.&nbsp;
Express Fails To Disclose CEO's Full Executive Compensation&nbsp;
The SEC announced on Tuesday that it has settled charges against fashion retailer Express, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EXPRQ#OTC">EXPRQ</a>) for failing to disclose executive compensation it paid to its now former CEO with Express agreeing to a cease-and-desist order, without admitting or denying the SEC's findings.
According to the SEC's order, Express failed to disclose $979,269 worth of perks and personal benefits provided to its CEO for fiscal years 2019, 2020, and 2021. As a result, Express understated the "All Other Compensation" portion of its CEO's compensation by an average of 94% over the three years. The company filed for Chapter 11 bankruptcy earlier this year.&nbsp;
"Public companies have a duty to comply with their disclosure obligations regarding executive compensation, including perks and personal benefits, so that investors can make educated investment decisions," said Sanjay Wadhwa, Acting Director of the SEC's Division of Enforcement.&nbsp;
"Here, although Express fell short in carrying out its obligation, the Commission declined to impose a civil penalty based, in part, on the company's self-report, cooperation with the staff's investigation, and remedial efforts," Wadhwa added. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42564443/santa-came-early-with-rate-cut-but-federal-reserve-brings-coal-next-year-experts-weigh-in-on-rate-cut-feds-2025-projections">&#8216;Santa Came Early&#8217; But Fed Brings &#8216;Coal Next Year&#8217;: Experts Weigh In On Interest Rate Cut, 2025 Projections</a></li>
</ul>
Image: Yildiray Yücel Kamanmaz from Pixabay

Legal

EXPRQ

Financial Crime Weekly: Becton, Dickinson And Co. Pays $175 Million Penalty, Express Fails To Disclose CEO's Full Compensation

Facing a looming government shutdown, the Senate moved swiftly on Saturday to pass a bipartisan bill that temporarily funds federal operations and provides disaster aid. 
What Happened: The House, led by Speaker Mike Johnson, overwhelmingly approved the legislation, 366-34, before the Senate passed it late Friday night with an 85-11 vote. The White House confirmed shutdown preparations ceased at midnight, with President Joe Biden expected to sign the bill into law on Saturday.
The measure notably excludes President-elect Donald Trump's demand for a debt ceiling increase, pushing that contentious issue into the new year, <a href="https://apnews.com/article/trump-government-shutdown-deadline-speaker-johnson-budget-da117337aa0c0adab34a5626bb5816af">reports</a> The Associated Press.
Johnson described the outcome as "a good result for the country" and noted that Trump, while initially critical of the deal, expressed satisfaction with the final outcome. 
However, Trump had earlier warned in a social media post that without a debt ceiling provision, "let the closures start now."
The legislation, a drastically slimmed-down 118-page package, funds federal operations through March 14, allocates $100 billion for disaster relief, and includes $10 billion for agricultural aid. 
<a href="https://www.benzinga.com/markets/24/12/42497093/stock-market-predictions-for-2025-a-mixed-bag-of-expectations">Also Read: Stock Market Predictions for 2025: A Mixed Bag Of Expectations</a>
Absent from the final version is Trump's demand for a long-term debt ceiling increase, which GOP leaders promised to address next year as part of broader fiscal negotiations. Republicans also agreed to pursue $2.5 trillion in spending cuts over a decade.
While the bill garnered bipartisan support, it exposed fractures within the GOP. Many conservative Republicans voted against the measure, preferring deeper spending cuts. 
Meanwhile, House Democrats provided significant support, with Minority Leader Hakeem Jeffries (D-N.Y.) crediting his caucus for preventing a shutdown and protecting working-class Americans.
However, Democratic concerns over the influence of billionaire Elon Musk on the legislative process sparked debate. "Who is in charge?" asked Rep. Rosa DeLauro (D-Conn.), suggesting Musk was exerting undue sway over Trump's allies, reports the outlet.
Why It Matters: Trump, alongside Musk, who heads the newly established Department of Government Efficiency, is pushing an aggressive agenda to cut federal budgets and reshape government operations. 
Musk has even been floated as a potential speaker by some Trump allies. Meanwhile, Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell warned of the economic and political consequences of another shutdown.
As Congress grapples with balancing Trump's demands and bipartisan governance, Johnson's ability to lead will face significant scrutiny in the months ahead.
Read Next
<a href="https://www.benzinga.com/markets/24/12/42571835/trumps-rejection-of-bipartisan-deal-fuels-government-shutdown-fears-how-markets-historically-react-to-political-turmoil">Trump&#8217;s Rejection Of Bipartisan Deal Fuels Government Shutdown Fears: How Markets Historically React To Political Turmoil</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Senate Avoids Shutdown With Last-Minute Deal Amid Trump's Debt Ceiling Demands

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
Major averages jumped on Friday but still logged weekly losses, with the Dow down 2.3%, the S&amp;P 500 falling 2%, and the Nasdaq losing 1.8%. 
The Federal Reserve&#8217;s widely anticipated 25-basis-point rate cut on Wednesday was overshadowed by its revised 2025 inflation forecasts and Jerome Powell&#8216;s cautious stance, dampening hopes for deeper cuts next year. Powell emphasized a "new phase" of monetary policy after a 100-basis-point reduction in 2024, signaling <a href="https://www.benzinga.com/news/large-cap/24/12/42629219/fed-cuts-interest-rates-but-powell-spoils-santa-claus-rally-dollar-surges-to-over-2-year-high-bitcoin-sinks-below-100000-this-week-in-the-market">only gradual easing in 2025</a>.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), which had reached a record $108,388 before the Fed meeting, fell below $100,000 as markets absorbed the news.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/tech/24/12/42525257/analyst-hikes-teslas-price-target-to-515-musk-expresses-hope-for-stock-to-touch-69042">Elon Musk Hopes TSLA Stock Will Reach $690 As Analysts Raise Price Target Despite Technical Indicators Flashing Warning Signals</a>,&#8221; by <a href="https://www.benzinga.com/author/anan-ashraf">Anan Ashraf</a>, reports Elon Musk's optimism about Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) reaching $690, as analysts upgraded the stock with $515 price targets, citing potential benefits from Musk's alignment with Donald Trump's pro-autonomous vehicle policies.
&#8220;<a href="https://www.benzinga.com/24/12/42602503/dave-portnoy-says-he-owns-15-million-bitcoin-13-million-xrp-bet-it-and-set-it-not-trading">Dave Portnoy Says He Owns $1.5 Million Bitcoin, $1.3 Million XRP: &#8216;Bet It And Set It, Not Trading&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a> , reveals that Dave Portnoy, founder of Barstool Sports, holds $1.5 million in Bitcoin and $1.3 million in XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), emphasizing a long-term investment strategy rather than active trading, following insights from a recent conversation with Michael Saylor.
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42516826/nvidia-and-5-other-stocks-are-analysts-top-semiconductor-picks-for-2025-sees-2-ai-trends">Nvidia And 5 Other Stocks Are Analyst&#8217;s Top Semiconductor Picks For 2025, Sees 2 AI Trends</a>,&#8221; by <a href="https://www.benzinga.com/author/hayden-buckfire">Hayden Buckfire</a>, highlights a Bank of America analyst naming NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) as top AI-driven semiconductor picks for 2025, alongside Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), and Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>).
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/tech/24/12/42547442/microsof-scoops-up-485000-nvidia-ai-chips-twice-as-many-as-its-closest-rival-meta-report">Microsoft Scoops Up 485,000 Nvidia AI Chips, Twice As Many As Its Closest Rival Meta: Report</a>
<a href="https://www.benzinga.com/trading-ideas/24/12/42599673/amazon-has-20000-rivian-electric-delivery-vans-in-fleet-heres-what-could-be-next-for-both-companies">Amazon Has 20,000 Rivian Electric Delivery Vans In Fleet: Here&#8217;s What Could Be Next For Both Companies</a>
<a href="https://www.benzinga.com/trading-ideas/technicals/24/12/42535298/joby-clears-faa-tail-test-stock-flies-higher">Joby Clears FAA Tail Test, Stock Flies Higher</a>
The Bears
&#8220;<a href="https://www.benzinga.com/markets/equities/24/12/42522048/jim-cramer-warns-nvidias-vicious-and-fast-reversal-is-coming-amid-174-surge-this-year-and-china-antitrust-probe">Jim Cramer Warns Nvidia&#8217;s &#8216;Vicious&#8217; And &#8216;Fast&#8217; Reversal Is Coming Amid 174% Surge This Year And China Antitrust Probe</a>,&#8221; by <a href="https://www.benzinga.com/author/kaustubh-bagalkote">Kaustubh Bagalkote</a>, features Jim Cramer's caution about NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) facing a sharp correction after its 174% YTD gain, amid heightened regulatory scrutiny from China over its Mellanox Technologies acquisition.
&#8220;<a href="https://www.benzinga.com/trading-ideas/movers/24/12/42568740/dogecoin-bull-says-he-had-to-sell-as-meme-king-plunges-to-5-week-low-but-derivative-traders-remain-bullish">Dogecoin Bull Says He &#8216;Had To Sell&#8217; As Meme King Plunges To 5-Week Low But Derivative Traders Remain Bullish</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reports on Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) dropping amid Federal Reserve concerns, with early adopter Glauber Contessoto selling some holdings.
&#8220;<a href="https://www.benzinga.com/24/12/42517567/cvs-cigna-unitedhealth-shares-slide-as-trump-targets-drug-middleman">CVS, Cigna, UnitedHealth Shares Slide As Trump Targets Drug &#8216;Middleman&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports that shares of CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>), and UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) dropped after Trump vowed to eliminate Pharmacy Benefit Managers, citing their role in inflating drug prices and contributing to industry inefficiencies.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/news/global/24/12/42559347/trump-administration-could-ban-amazons-top-selling-routers-linked-to-chinese-cyberattacks-report">Trump Administration Could Ban Amazon&#8217;s Top-Selling Routers Linked To Chinese Cyberattacks: Report</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42529095/bitcoin-crash-could-trigger-stock-market-decline-in-2025-warns-expert-im-very-worried-that-people-overextended-themselves">Bitcoin Crash Could Trigger Stock Market Decline In 2025, Warns Expert: &#8216;I&#8217;m Very Worried That People Overextended Themselves&#8217;</a>
<a href="https://www.benzinga.com/trading-ideas/24/12/42536470/costco-warns-that-tariffs-raise-prices-trump-team-says-trade-policies-will-make-life-affordable">Costco Warns That Tariffs Raise Prices, Trump Team Says Trade Policies Will &#8216;Make Life Affordable&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.

Equities

Long Ideas

Short Ideas

Commodities

$BTC

Benzinga Bulls And Bears: Tesla, Broadcom, UnitedHealth, Bitcoin And Dogecoin Bull 'Had To Sell' After Price Plunge

Comments

B. Riley Financial

B. Riley Financial (RILYP) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga