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Renalytix PLC is a developer of artificial intelligence-enabled clinical in vitro diagnostic solutions for kidney disease, one of the common and costly chronic medical conditions globally. The company's product is KidneyIntelX which is being designed to make improvements in kidney disease prognosis, transplant management, clinical care, patient stratification for drug clinical trials, and drug target discovery.

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Renowned economist Justin Wolfers recently provided a critical evaluation of economic policy speeches delivered by former President Donald Trump and Vice President Kamala Harris. 
What Happened: Wolfers, known for his economic analyses, shared his thoughts on the social media platform X, and in an interview with CNN.
Wolfers noted a stark contrast in the content and focus of the two speeches. He described Trump&#8217;s address as an &#8220;80-minute incoherent rant&#8221; that largely avoided economic topics. In contrast, Harris&#8217;s speech maintained a clear focus on economic issues.
The economist highlighted concerns about the factual accuracy of Trump&#8217;s statements. As an example, Wolfers stated, &#8220;Trump claimed falsely that the price of bacon is four to five times higher, it&#8217;s nothing like that. Harris claimed seriously that bread was 50% expensive. It is. And I think serious problems deserve serious analysis and serious facts.&#8221; 
Wolfers drew attention to the differing approaches to economic problem-solving presented by the two politicians. The former president proposed issuing an executive order requiring his cabinet to report directly to him when they have ideas for reducing inflation. 
In contrast, the Vice President advocated for a team effort and debate over economic policy. Wolfers characterized Trump&#8217;s plan as focusing on process rather than substantive economic policy.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When <a href="https://twitter.com/CNN?ref_src=twsrc%5Etfw">@CNN</a> asked me to score the big economic policy speeches this week by Trump and Harris, I decided not to grade against a curve, but rather to simply state what I saw. <a href="https://t.co/eyiCwCFMAr">pic.twitter.com/eyiCwCFMAr</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1825149647729615123?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/08/40385244/peter-schiff-slams-july-cpi-figure-as-fraud-economist-explains-the-low-number-with-used-car-sales-nu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Slams July CPI Figure As &#8216;Fraud,&#8217; Economist Explains The Low Number With Used Car Sales Numbers: Data Doesn&#8217;t Support A Rate Cut</a>
Why It Matters: The economic strategies of Harris and Trump are under intense scrutiny as the presidential election approaches. Harris has committed to tackling corporate &#8220;price gouging,&#8221; while Trump has proposed aggressive tariffs, including a &#8220;universal baseline tariff&#8221; on most imports and a 60% tariff on all Chinese imports. These proposals have stirred debate among <a href="https://www.benzinga.com/news/24/08/40429580/kamala-harris-and-donald-trump-push-economic-agendas-as-election-nears">economists and Wall Street magnates</a>.
Additionally, billionaire entrepreneur Mark Cuban has expressed skepticism about Trump&#8217;s <a href="https://www.benzinga.com/news/24/08/40432918/mark-cuban-slams-trumps-beat-inflation-in-100-days-plan-he-instruct-a-bunch-of-un-named-bureaucrats">plan to combat inflation</a>. Trump had stated he would instruct his cabinet to use every tool at their disposal to defeat inflation within the first 100 days. Cuban criticized this approach, interpreting it as Trump instructing &#8220;a bunch of un-named bureaucrats&#8221; to tackle the issue.
Public trust in economic matters has also shifted. According to a recent poll, 42% of Americans trust Harris more to handle the economy, compared to 41% for Trump. This marks the <a href="https://www.benzinga.com/news/24/08/40396778/better-off-with-harris-42-of-americans-say-yes-outpacing-trump-in-economic-trust">first time in nearly a year</a> that the Democratic candidate has led on this issue.
Trump&#8217;s comments about presidential influence on monetary policy have also <a href="https://www.benzinga.com/news/24/08/40315020/trumps-battle-with-interest-rates-did-he-sway-fed-policy-as-president">raised eyebrows</a>. He suggested that presidents should have a say in monetary policy decisions by the Fed, signaling his potential interest in influencing Fed policy if he returns to the White House.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40406284/nasdaq-100-sees-best-6-day-rally-since-late-2022-as-traders-ride-bull-market-wave-tech-stocks-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq 100 Sees Best 6-Day Rally Since Late 2022 As Traders Ride Bull Market Wave: Tech Stocks On The Move Thursday</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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Economics

Trump Is Wrong On The Bacon And Kamala Is Right On The Bread, Says Economist Justin Wolfers: Ex-President's Speech On Economy Just An '80-Minute Incoherent Rant'

Sam Altman, the CEO of OpenAI, is facing a global backlash over his Worldcoin initiative, which aims to scan the irises of every person on the planet and compensate them with a unique cryptocurrency. The project has been met with resistance from numerous governments, leading to suspensions and investigations.
Why It Matters: Worldcoin, a part of Altman&#8217;s expansive business empire, is designed to provide financial assistance to individuals whose livelihoods are disrupted by AI. The project verifies human identity using iris scans and distributes payments in its WLD cryptocurrency. 
Despite its claims of privacy, Worldcoin has been accused of encouraging users to share their iris images, raising concerns about the creation of a global biometric database.
Authorities in over a dozen jurisdictions have taken action against Worldcoin, including raids, fines, and criminal investigations. The project&#8217;s future in the European Union is also uncertain. Altman, a prominent figure in the AI revolution, has defended Worldcoin, asserting that the project is working to address regulatory concerns.
"We've built a technology that by default is privacy-enhancing," Damien Kieran, the project's&nbsp;chief privacy officer said in an interview. "We don't collect data to harvest it. We don't sell data. In fact, we couldn't sell it, because we don't know who the data belongs to."
Worldcoin, which launched in 2023, has verified over six million people in nearly 40 countries, with a theoretical value of $15 billion. Altman, who has a stake in the project, has been working to expand its global presence, attracting users from both developed and developing markets.
WLD is actively traded, but in chat groups where holders congregate, the focus is more on using the token to bet on Altman's other ventures. For example, its price nearly quadrupled following the February release of OpenAI's Sora video tool.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40429793/bitcoin-could-soar-200-this-cycle-if-this-happens?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Could Soar 200% This Cycle If This Happens</a>
Worldcoin has been implementing new measures to address regulatory concerns, including a reservation function for unverified users and additional security features for iris codes. The project&#8217;s leadership, including Altman and co-founder Alex Blania, has been engaging with governments and regulators to address these issues.
Why It Matters: Worldcoin&#8217;s journey has been marked by significant <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33348538/openai-ceo-sam-altman-launches-worldcoin-a-bold-crypto-experiment-at-the-intersection-of-a">milestones and challenges</a>. The project launched in July 2023, aiming to create a global identity and financial network by leveraging iris-scanning technology. 
In August 2023, Worldcoin introduced a feature allowing unverified users to <a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33753405/worldcoin-launches-new-feature-to-attract-new-users-to-its-crypto-platform">reserve their Worldcoin tokens</a>, which they could claim upon completing the iris scan. This move was aimed at attracting new users to the platform. 
Despite regulatory hurdles, Worldcoin has seen substantial growth. In June, the project experienced a significant surge in token value following a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39426148/sam-altman-founded-worldcoin-outstrips-gains-of-bitcoin-ethereum-after-major-relief-from-k">favorable decision from Kenyan authorities</a>. This led to Worldcoin outperforming major cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
In July 2024, Worldcoin&#8217;s value soared by 40% after Tools for Humanity <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39812425/sam-altmans-ai-themed-ethereum-killer-worldcoin-surges-40-whats-going-on">announced an extension of token lockup</a> periods for early contributors, further boosting investor confidence.
Price Action: WLD is currently trading at $1.52, up 0.65% in the last 24 hours. Over the past month, the token has dropped 40.95%, and it&#8217;s down 8.89% overall, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40385886/trump-era-white-house-official-anthony-scaramucci-says-industry-leaders-want-bipartisan-co?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Era White House Official Anthony Scaramucci Says Industry Leaders Want Bipartisan Commitment On Crypto Regulation: &#8216;We Don&#8217;t Want To Fight Any Side&#8217;</a></li>
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Image Via 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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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

Cryptocurrency

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OpenAI CEO Sam Altman's Worldcoin Attracts Global Backlash Over Iris-Scanning, Project Defends Itself As 'Privacy-Enhancing'

&#8220;Shark Tank&#8221; fame investor Kevin O&#8217;Leary has voiced his concerns over Vice President Kamala Harris&#8217;s proposed economic plan, describing some aspects of it as a &#8220;really bad idea.&#8221;
What Happened: Harris presented her <a href="https://www.benzinga.com/news/24/08/40387906/kamala-harris-plans-historic-federal-ban-on-corporate-price-gouging-in-food-and-grocery-industries">economic blueprint</a> at a recent North Carolina rally. The strategy includes various economic policies, such as tax credits for children and homeowners, and a federal prohibition on grocery price gouging, <a href="https://thehill.com/business/4834081-kevin-oleary-blasts-harriss-proposed-economic-plans-as-really-bad-idea/">reported</a> The Hill.
On CNN, O&#8217;Leary criticized the price-gouging proposal. The Shark said, &#8220;First, they tried that in Venezuela, Cuba, North Korea, the USSR. No, that's not going to work.&#8221; He questioned the practicality of corporations setting prices based on gouging and expressed worry about Harris&#8217;s limited interaction with the media.
The investor also disagreed with Harris&#8217;s initiative to help first-time homebuyers with $25,000 in down-payment aid and a tax credit. He contended that such a step would trigger inflation in an already tight market.
O&#8217;Leary also expressed doubt about Harris&#8217;s plan to build 3 million new housing units over the next four years, arguing that housing is governed at the state level, not by federal mandate.
O&#8217;Leary&#8217;s critique joins a chorus of criticisms of Harris&#8217;s economic agenda, including those from Trump&#8217;s campaign and The Washington Post Editorial Board, who called the plan a &#8220;populist gimmick&#8221;.
See Also: <a href="https://www.benzinga.com/news/24/08/40431962/donald-trump-asks-why-are-we-having-an-election?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Asks: &#8216;Why Are We Having An Election?&#8217;</a>
Why It Matters: Recently, Harris proposed a federal ban on corporate price-gouging in the food and grocery sectors as part of her economic policy platform. This proposal, announced ahead of a campaign rally in North Carolina, aimed to increase scrutiny of mergers in the food industry to protect consumers from rising grocery prices. 
The plan, aligning with the Biden administration&#8217;s focus on consumer protections, also included measures to reduce costs in the meat industry, prescription drugs, and housing. Harris&#8217;s proposal followed her earlier efforts to cap unfair rent increases and combat corporate landlords.
O&#8217;Leary&#8217;s criticism of Harris&#8217;s economic plan is not an isolated incident. For instance, billionaire entrepreneur and O&#8217;Leary&#8217;s fellow Shark Tank host, Mark Cuban <a href="https://www.benzinga.com/news/24/08/40432918/mark-cuban-slams-trumps-beat-inflation-in-100-days-plan-he-instruct-a-bunch-of-un-named-bureaucrats">criticized</a> former President Donald Trump&#8217;s plan to combat inflation.
A survey conducted by The Wall Street Journal <a href="https://www.benzinga.com/news/24/07/39761609/trump-or-biden-most-economists-say-this-candidates-win-could-bring-higher-inflation">indicated</a> that most economists believed a potential win for Trump in the upcoming presidential election could result in a surge in inflation, deficits, and interest rates.
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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

Kevin O'Leary Slams Kamala Harris's Plan To Combat Price Gouging: 'First They Tried That In Venezuela, Cuba, North Korea, The USSR'

Mary Daly, the President of the San Francisco Federal Reserve, expressed her support for a cautious approach to interest rate cuts, in a recent interview. This comes amid mounting confidence in inflation control.
What Happened: Daly, a voting member of the Federal Open Market Committee, has suggested that the U.S. economy is not yet in a position to warrant rapid interest rate cuts. She emphasized the need for a gradual approach to adjusting borrowing costs, <a href="https://www.ft.com/content/f3574817-0ac5-4e45-a36c-b227a782de03">reported</a> the Financial Times on Sunday.
She stated that it&#8217;s time to consider adjusting borrowing costs from their current range of 5.25% to 5.5%, according to the report.
Her comments come ahead of the annual Jackson Hole meeting in Wyoming, where global central bankers will convene to discuss the future of monetary policy.
Despite concerns about a potential economic slowdown, Daly emphasized that the U.S. economy is not in a dire situation and advocated for a &#8220;prudent&#8221; approach to rate cuts. She stated, &#8220;Gradualism is not weak, it's not slow, it's not behind, it's just prudent.&#8221;
Daly&#8217;s stance counters concerns about a potential recession in the U.S. economy, as well as the speed at which the U.S. rates will ease from their 23-year high.
The President of the San Francisco Fed downplayed the urgency for a dramatic response to signs of a weakening labor market, asserting that the U.S. economy is not showing significant evidence of heading for a deep downturn.
"After the first quarter of this year, inflation has just been making gradual progress towards 2%," said Daly. "We are not there yet, but it's clearly giving me more confidence that we are on our way to price stability."
Investors are anticipating a rate cut at the next Fed meeting, with markets pricing in a 70% chance of a <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">quarter-point cut</a>. This would mark the first drop in interest rates in four years.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40416808/oil-prices-drop-as-gaza-ceasefire-talks-progress-china-releases-weak-economic-dat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Oil Prices Drop As Gaza Ceasefire Talks Progress, China Releases Weak Economic Data</a>
Why It Matters: The Federal Reserve&#8217;s approach to interest rate cuts has been a topic of intense debate in recent weeks, with conflicting economic data leading to volatile <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40405406/interest-rate-markets-rethink-fed-strategy-as-economic-data-signals-no-rush-for-m">swings in interest rate expectations</a>. 
At the beginning of August, a 50-basis-point rate cut in September seemed likely, but these expectations have since shifted, with markets now pricing in a higher likelihood of a more modest 25-basis-point cut.
Economist Claudia Sahm, creator of the Sahm Rule, has also been at the center of the debate, defending the <a href="https://www.benzinga.com/news/24/08/40389835/claudia-sahm-stands-by-sahm-rule-amid-criticism-from-jerome-powell-and-others-on-its-economic-signif">rule&#8217;s relevance amid growing criticism and skepticism</a>, including from Federal Reserve Chair Jerome Powell.
Renowned economist Peter Schiff has also weighed in, slamming the July Consumer Price Index as a &#8220;fraud&#8221; and questioning the <a href="https://www.benzinga.com/news/24/08/40385244/peter-schiff-slams-july-cpi-figure-as-fraud-economist-explains-the-low-number-with-used-car-sales-nu">accuracy of the CPI</a>.
The July consumer inflation data released suggests the Federal Reserve may not cut rates <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40371865/july-inflation-data-supports-fed-rate-cut-economists-say-no-news-is-good-news">as deeply as expected</a> in September, with markets now more concerned about economic growth than inflation.
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Image Generated With AI Via Midjourney
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Federal Reserve

Mary Daly Of Federal Reserve Pitches Gradual Interest Rate Cuts, Citing Inflation Confidence: 'We Are On Our Way To Price Stability'

Sen. Bernie Sanders (I-Vt.) recently took to X to express his views on the upcoming elections, emphasizing the need for better healthcare, expanded Social Security, and a higher minimum wage.
What Happened: On Tuesday, Sanders said on the Elon Musk-owned platform, &#8220;The American people have been clear: they want a higher minimum wage, expanded Social Security, and better health care. Donald Trump just wants to give billionaires another tax break. This November, the choice is clear.&#8221;
The senator shared a video in the tweet where he can be seen talking with CNN&#8217;s Dana Bash.
Sanders revealed that his campaign had done a poll on some of the issues facing &#8220;working families.&#8221; The Vermont Senator said what they found, which didn&#8217;t surprise him as it was consistent with other polls, was that the American people overwhelmingly want to expand Medicare to cover dental, hearing and vision because 50% of the seniors are living on incomes of $30,000 or less and a quarter of them are subsisting on $15,000 or less.
&#8220;The American people want to raise the minimum wage to a living wage,&#8221; said Sanders among other issues his campaign discovered.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The American people have been clear: they want a higher minimum wage, expanded Social Security, and better health care. Donald Trump just wants to give billionaires another tax break. This November, the choice is clear. <a href="https://t.co/YmUpnA0PvD">pic.twitter.com/YmUpnA0PvD</a>
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1825218189439234146?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
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This post comes amidst a shifting political landscape, with <a href="https://www.benzinga.com/news/24/08/40431747/trump-vs-harris-new-polls-indicate-a-shift-in-the-political-landscape-and-this-candidate-is-taking-t">recent polls</a> indicating a surge for Kamala Harris over Donald Trump in key battleground states. The polls, conducted by The New York Times and Siena College, suggest a significant shift since May, when Trump was leading over President Joe Biden in these states.
See Also: <a href="https://www.benzinga.com/general/politics/24/08/40429409/mark-cuban-calls-trump-is-a-salesperson-if-it-works-hes-going-to-do-more-of-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Calls Trump A Salesperson: &#8216;If It Works… He&#8217;s Going To Do More Of It&#8217;</a>
Why It Matters: Sanders&#8217; post reflects his long-standing advocacy for wealth redistribution and his concern over the influence of big money in politics. 
He has previously criticized Musk&#8217;s <a href="https://www.benzinga.com/news/24/07/39807458/bernie-sanders-slams-elon-musks-reported-45m-donations-to-trump-campaign-we-need-a-government-that-r">reported monthly donations</a> of $45 million to the Trump campaign and <a href="https://www.benzinga.com/news/24/08/40273794/bernie-sanders-calls-for-end-to-super-pacs-billionaires-buying-elections-is-not-what-this-country-is">expressed concern</a> over the defeat of Rep. Cori Bush (D-Mo.) due to the influence of the American Israel Public Affairs Committee's (AIPAC) super PAC, United Democracy Project.
Photo by Joseph Sohm on 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>

Bernie Sanders: 'Trump Just Wants To Give Billionaires Another Tax Break' — 'This November, The Choice Is Clear'

Peter Schiff, a prominent gold advocate and vocal critic of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), recently expressed his doubts about the future of the leading cryptocurrency. Schiff, who has been skeptical of Bitcoin, is contemplating speaking at a Bitcoin conference in 2025.
What Happened: Schiff, who is known for his skepticism towards Bitcoin, met with David Bailey CEO of Bitcoin Magazine at a pool party in Puerto Rico. They discussed Schiff potentially speaking at the upcoming Bitcoin conference in Las Vegas.
Schiff expressed uncertainty about Bitcoin&#8217;s future, stating, &#8220;I wonder if Bitcoin will still be a thing that far into the future.&#8221;
The Bitcoin Conference, organized by BTC Inc., is set to take place in Las Vegas from May 27-29, 2025. This event follows the Bitcoin 2024 conference, which drew over 22,000 attendees to Nashville.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ran into <a href="https://twitter.com/DavidFBailey?ref_src=twsrc%5Etfw">@DavidFBailey</a> of <a href="https://twitter.com/BitcoinMagazine?ref_src=twsrc%5Etfw">@BitcoinMagazine</a> at a pool party in Puerto Rico. We talked about my speaking at his next big <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> conference in Las Vegas in May 2025. I wonder if Bitcoin will still be a thing that far into the future. <a href="https://t.co/7itG1TLKt7">pic.twitter.com/7itG1TLKt7</a>
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1825281893136216180?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40385886/trump-era-white-house-official-anthony-scaramucci-says-industry-leaders-want-bipartisan-co?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Era White House Official Anthony Scaramucci Says Industry Leaders Want Bipartisan Commitment On Crypto Regulation: &#8216;We Don&#8217;t Want To Fight Any Side&#8217;</a>
Why It Matters: Schiff has long been a vocal critic of Bitcoin, often expressing his skepticism about the cryptocurrency&#8217;s value and future. In a recent podcast, Schiff reiterated his stance, stating he remains &#8220;open-minded&#8221; but has yet to encounter a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40305550/bitcoin-skeptic-peter-schiff-says-he-is-open-minded-but-hasnt-seen-any-convincing-argument">convincing argument to embrace Bitcoin</a>. 
He remarked, &#8220;I know all you guys are gonna try to win me over, convert me and get me to embrace Bitcoin. It's not going to work.&#8221; 
The Bitcoin 2024 conference in Nashville was a significant event, drawing over 22,000 attendees and featuring high-profile appearances, including former President Donald Trump, who <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40070328/trump-raises-25m-at-bitcoin-conference-in-nashville-second-highest-fundraiser-across-campa">raised $25 million during the event</a>. 
Meanwhile, prominent figures like Robert Kiyosaki have been advocating for Bitcoin as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40431598/rich-dad-poor-dad-author-robert-kiyosaki-urges-shift-to-bitcoin-amid-economic-uncertainty-">hedge against economic uncertainty</a>. Kiyosaki, author of &#8220;Rich Dad, Poor Dad,&#8221; emphasized the importance of diversifying investments to include Bitcoin amid visible market crashes and hidden banking crises. 
Additionally, Vitalik Buterin, co-founder of Ethereum, recently made a notable move by transferring a substantial amount of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) to a cryptocurrency exchange, sparking <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40386027/ethereum-creator-vitalik-buterin-shakes-up-crypto-world-with-surprise-eth-deposit-to-excha">speculation within the community</a>. 
Price Action: Bitcoin is currently trading at $58,476.60, up 0.07% in the last 24 hours. Year to date, the King Crypto has surged by $14,304.60, marking a 32.38% increase, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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Image Via 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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Peter Schiff Says He Discussed Bitcoin Conference Appearance In May 2025 But Isn't Sure King Crypto Will Be A 'Thing' By Then

New Hampshire Governor Chris Sununu (R) said he has &#8220;no doubt&#8221; that Vice President Kamala Harris poses a greater challenge to Republican nominee Donald Trump than President Joe Biden.
What Happened: In a recent interview with CNN&#8217;s &#8220;State of the Union,&#8221; Sununu suggested that Harris and her team&#8217;s resurgence has made it more difficult for Trump to secure a victory, as reported by <a href="https://www.politico.com/news/2024/08/18/sununu-trump-harris-biden-00174509">Politico</a> on Wednesday. The governor noted that Harris&#8217;s team has effectively capitalized on Trump&#8217;s reactions while avoiding issues.
Despite his criticism of Trump in the past, Sununu, who now endorses Trump as the GOP nominee, believes that Trump should focus more on the issues to attract voters. He pointed out the significant difference in Trump&#8217;s polling numbers between male and female voters.
Sununu stressed that Trump should remind voters that he is running against &#8220;the most liberal and most unpopular vice president in history&#8221; and reach out to independent voters and suburban women who might not have been enthusiastic for Biden.
&#8220;Almost any other Republican candidate would be winning this race by 10 points,&#8221; said Sununu.&#8221;The message is very clear. If you stick to the issues, if you stick to what matters, this should be an easy race for Donald Trump. It really should.&#8221;
See Also: <a href="https://www.benzinga.com/general/politics/24/08/40429409/mark-cuban-calls-trump-is-a-salesperson-if-it-works-hes-going-to-do-more-of-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Calls Trump A Salesperson: &#8216;If It Works… He&#8217;s Going To Do More Of It&#8217;</a>
Why It Matters: Sununu&#8217;s comments come in the wake of a shift in the political landscape, with <a href="https://www.benzinga.com/news/24/08/40431747/trump-vs-harris-new-polls-indicate-a-shift-in-the-political-landscape-and-this-candidate-is-taking-t">recent polls</a> showing Harris leading Trump in key battleground states. This shift has been attributed to Harris&#8217;s effective campaign strategy and her appeal to a broader demographic of voters.
Sununu, who had previously <a href="https://drupal-cloudfront.benzinga.com/news/24/04/38241658/chris-sununu-voices-support-for-trump-despite-belief-ex-president-played-a-role-in-jan-6-capitol-rio">voiced his support for Trump</a> despite believing that the former president played a role in the Jan. 6, 2021, Capitol attack, has been a vocal critic of Trump. However, his recent comments indicate a shift in his stance, emphasizing the need for the GOP to focus on the issues and the voters.
Earlier this year, Sununu had <a href="https://www.benzinga.com/news/24/01/36633641/trump-critic-gov-chris-sununu-doesnt-want-to-be-nikki-haleys-vice-president-not-my-gig">dismissed the idea of serving as Nikki Haley's running mate</a> in the GOP primary, indicating his assertive persona might not fit the political capital. His recent comments suggest a continued focus on his role within the GOP and his support for the party&#8217;s nominee.
Photo by Gage Skidmore on Flickr
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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>

Chris Sununu: Harder For Trump To Triumph Against Harris Than Biden, Says 'Any Other Republican Would Be Winning By 10 Points'

Mark Cuban, the billionaire entrepreneur, has taken to X to express skepticism about former President Donald Trump&#8217;s proposed solution to combat inflation.
What Happened: On Sunday, Cuban shared a tweet criticizing Trump&#8217;s plan to tackle inflation. Trump had previously stated that he would instruct his cabinet to use every tool at their disposal to defeat inflation and bring consumer prices down rapidly, expecting results within the first 100 days, or much sooner.
Cuban, however, interpreted this as Trump instructing &#8220;a bunch of un-named bureaucrats, and their agencies, to talk to all the other un-named bureaucrats, and the thousands of bureaucrats that work for them, to defeat inflation in 100 days.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">How your guy wants to defeat inflation &quot;On my first day back in the Oval Office, I will sign an executive order directing every Cabinet secretary and agency head to use every tool and authority at their disposal to defeat inflation and bring consumer prices rapidly down,&quot; Trump… <a href="https://t.co/BMgMLM1DNA">https://t.co/BMgMLM1DNA</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1825299173866156386?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
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Cuban also shared a clip from the 1999 film &#8220;Office Space&#8221; featuring the character William &#8220;Bill&#8221; Lumbergh played by actor Gary Cole. Lumbergh is a micromanager who mainly targets the protagonist Peter Gibbons, portrayed by actor Ron Livingston.
The &#8220;Shark Tank&#8221; fame businessman appeared to be comparing Trump&#8217;s approach to handling inflation with Lumbergh&#8217;s top-down management techniques.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Serious answer. As VP she has as much authority as Pence did as VP. Thats like asking why Pence didn&#39;t finish the wall. Or do anything for healthcare. Etc See what I&#39;m saying ?
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1825300319577702618?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
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Cuban also sprang to the defense of current Vice President Kamala Harris, the democrat presidential candidate, by saying she had as much authority as Mike Pence did under Trump. Multiple X users had pointed out to Cuban that Harris could have done more to tackle inflation.
See Also: <a href="https://www.benzinga.com/news/24/08/40422081/whats-going-on-with-palantir-technologies-shares-friday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Palantir Technologies Shares Friday</a>
Why It Matters: This criticism comes in the wake of a <a href="https://www.benzinga.com/news/24/07/39761609/trump-or-biden-most-economists-say-this-candidates-win-could-bring-higher-inflation">survey</a> suggesting that a potential win for Trump in the upcoming presidential election could result in a surge in inflation, deficits, and interest rates, higher than under a continued President Joe Biden administration.
Furthermore, renowned economist Justin Wolfers has <a href="https://www.benzinga.com/news/24/08/40385213/trumps-potential-economic-team-is-least-impressive-in-history-says-economist-justin-wolfers-he-will">expressed his skepticism</a> about the competency of Trump's economic team and the potential impact of his policies.
Meanwhile, recent <a href="https://www.benzinga.com/news/24/08/40431747/trump-vs-harris-new-polls-indicate-a-shift-in-the-political-landscape-and-this-candidate-is-taking-t">poll results</a> indicate that Harris has surged ahead of Trump in key battleground states.
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>

Mark Cuban Slams Trump's Beat Inflation In 100-Days Plan: 'He Instruct A Bunch Of Un-Named Bureaucrats… Talk To All The Other Un-Named Bureaucrats'

Apple&#8217;s China sales just took a nose-dive. Revenue dropped to $14.73 billion last quarter, down 6.5% from last year. CEO Tim Cook is keeping his chin up about the future in China, but there&#8217;s a snag – Apple's new AI feature, Apple Intelligence, isn't launching there yet.
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China, including Hong Kong and Taiwan, is Apple's third-biggest market. But this time around, it's the only one that slipped. Cook says currency swings are mostly to blame, with more than half the drop coming from <a href="https://www.benzinga.com/real-estate/24/08/40158834/wealthy-american-buyers-fuel-soaring-home-prices-in-southern-europe">foreign exchange rates.</a> Strip that away, and the decline is actually under 3%. Still, Apple fell short of what analysts expected –$15.26 billion.
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Cook isn't waving the white flag. On a conference call with investors, he called China &#8220;the most competitive market in the world&#8221; and pointed to some good news, like a record number of iPhone upgrades in the June quarter. &#8220;That's a very strong signal,&#8221; he said, showing he's not ready to count Apple out yet.
But let's be real – the <a href="https://www.benzinga.com/startups/24/08/40256205/in-2021-charlie-munger-told-warren-buffett-it-was-a-mistake-to-sell-apple-shares-will-he-be-right-ag">challenges are piling up for Apple.</a> Even with deep discounts, Apple saw the iPhone slip out of the top five in China's smartphone rankings. That's a big deal. According to Canalys, iPhone shipments in China dropped 2% from last year, pushing Apple down to No. 6 among smartphone makers. It's the first time in years that Apple isn't in the top five in one of its most important markets.
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The road ahead? It's rocky. Apple is banking on its new AI features to spark fresh growth, but getting that tech into China is no small feat. Apple Intelligence, the shiny new AI, rolled out with iOS 18.1, but China didn't cut it.
Cook knows this is a sticking point. He said Apple is &#8220;very constructively engaged&#8221; with regulators in China and the EU. However, until Apple can jump through these regulatory hoops, Chinese users will be out of luck with Apple Intelligence. That leaves a big question about whether <a href="https://www.benzinga.com/startups/24/08/40137075/warren-buffett-says-steve-jobs-once-called-him-asking-how-to-invest-apples-cash-pile-but-ignored-his">Apple can regain its footing</a> in this all-important market.
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Tim Cook Sees China's Future Bright For Apple – Describes China As 'The Most Competitive In The World'

A record number of homes are now valued at $1 million.
According to real estate brokerage Redfin, 8.5% of homes in the United States fall into the <a href="https://www.benzinga.com/real-estate/24/07/40066779/zillow-reports-starter-homes-hit-1-million-mark-in-237-cities">$1 million-and-up price bracket,</a> marking an all-time high that exceeds the 7.6% recorded a year ago and more than doubling the pre-pandemic figure of 4%.
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Soaring home prices are the driving force behind the surge. The median national sales price rose by 4% year over year in June, pushing many homes past the million-dollar threshold. Even luxury properties, which were already expensive, witnessed a steeper price increase. Their median sale price reached $1.18 million in the second quarter, reflecting a 9% year-over-year jump.
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The rise in <a href="https://www.benzinga.com/real-estate/24/07/40074162/redfin-reports-9-jump-pushing-luxury-home-prices-to-all-time-high">luxury home prices</a> particularly strongly influences the overall million-dollar housing market. Many homes previously hovering near the million-dollar mark were finally pushed past it because of the significant price increase.
Mortgage rates have more than doubled since their pandemic lows in early 2022, significantly increasing monthly housing costs and cooling home sales. Normally, softer demand would lead to lower home prices, but a persistent housing shortage has kept prices elevated because of intense competition. While the number of homes for sale has recently improved, it's still significantly below pre-pandemic levels, as many homeowners are reluctant to give up their low mortgage rates.
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This market dynamic benefits homeowners and sellers, increasing the likelihood of their homes being valued at over $1 million. However, for prospective buyers, especially first-time homebuyers, the growing number of million-dollar listings makes homeownership increasingly out of reach.
"Home prices, insurance and mortgage rates have shot up so much that many people are either priced out of the market or weary of committing to such a high monthly payment," said Julie Zubiate, a Redfin Premier agent in the San Francisco Bay Area, where the majority of homes go for at least $1 million. "The people who are buying without hesitating are in tech and work at Google, Apple, Facebook or a similar company. Many Bay Area buyers – especially those without tech money – are getting more selective, jumping ship if a small problem comes up in, say, the inspection. They're spending too much money to rationalize not getting everything on their must-have list."
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Recent declines in mortgage rates have provided a much-needed boost to homebuyers, increasing their purchasing power by tens of thousands of dollars. According to Zubiate, the downward trend has reignited interest in the Bay Area housing market.
California is home to the biggest share of million-dollar homes. While it is gaining them faster than anywhere else, there are more million-dollar homes nearly everywhere in the U.S. than a year ago.
There are exceptions. Once a hotbed of rapid price growth, Austin, Texas saw a slight decline in the percentage of million-dollar homes. Indianapolis and Houston experienced no change in the category.
Experts attribute the stability in Austin and Houston to a surge in new construction, which has helped increase housing supply and moderate price increases.
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Real Estate

The Million Dollar Dream – Redfin Reports Nearly 10% Of U.S. Homes Now Worth $1 Million

In a recent announcement, the Harris-Walz campaign has revealed plans to invest at least $370 million in <a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate">digital and television advertisements</a>.
What Happened: The Democratic campaign&#8217;s primary focus will be on battleground states, with the advertising push set to run from Labor Day through November 5.
The campaign has already committed $170 million to TV reservations and $200 million to digital reservations. Deputy campaign managers Quentin Fulks and Rob Flaherty confirmed this in a Saturday memo. 
The reservations include slots during major sporting events and high-viewership TV moments, such as the season premieres of &#8220;Grey&#8217;s Anatomy&#8221; and &#8220;The Golden Bachelorette,&#8221; <a href="https://www.bloomberg.com/news/articles/2024-08-17/harris-to-spend-370-million-on-digital-and-tv-in-push-to-nov-5?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
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The campaign&#8217;s advertising strategy is designed to introduce Kamala Harris and Tim Walz to voters and counteract any negative portrayal by Donald Trump&#8216;s campaign. In August, Trump and allied super PACs booked about 60% of political ad time, reversing the Democrats&#8217; previous advertising advantage.
The Trump-affiliated Preserve America PAC initiated its initial advertising campaign during the Olympics and intends to allocate approximately $60 million by Labor Day. 
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Similarly, the Harris-Walz campaign is significantly investing in digital ad slots across platforms such as Hulu, Roku, YouTube, Spotify and Pandora, and includes daytime slots on Fox News.
According to AdImpact, a firm that tracks advertising, presidential campaigns and their supporting groups have committed or planned to spend $247 million on advertisements this August, marking a 19% rise from August 2020.
Why It Matters: The Harris-Walz campaign&#8217;s significant investment in digital and television advertisements underscores the importance of these mediums in reaching voters. 
With the Trump campaign and its allies booking a majority of ad time in August, the Harris-Walz campaign&#8217;s push aims to regain the Democrats&#8217; previous advertising advantage. 
The campaign&#8217;s focus on major sporting events and high-viewership TV moments also highlights the strategic use of popular programming to reach a broad audience. 
The increase in ad spending from August 2020 further emphasizes the escalating competition between the campaigns as the election draws near.
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Harris-Walz Campaign Pledges $370M For Election Ad Blitz

Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) continues to splurge on a project that may not generate returns that commensurate with the investment in the near term, Bloomberg&#8217;s <a href="https://www.benzinga.com/topic/mark-gurman">Mark Gurman</a> said on Sunday.
Long-Term Focus: Apple is playing a long game with its efforts to build an in-house cellular modem, which is a key component of the iPhone, Apple Watch and other devices, <a href="https://www.bloomberg.com/news/newsletters/2024-08-18/why-is-apple-building-own-modem-company-plays-long-game-in-dropping-qualcomm-lzzk8616?srnd=undefined">said</a> Gurman in the latest edition of the weekly Power On newsletter. Instead of looking at a major payoff at the outset, the company is hoping its modem will evolve into a more &#8220;advanced component&#8221; that could ultimately change the way an iPhone looks and works, he said.
Apple has been sourcing the modem chips from Qualcomm, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) for more than a decade now. It is the most important component of the iPhone after the main processor and it is difficult to make, Gurman said.
The Apple specialist is of the view that it is tough to replace Qualcomm&#8217;s modem chips as they are already state-of-the-art and that they have been &#8220;battle-tested by phone carriers around the world, making them highly reliable.&#8221; &nbsp;Johny Srouji, who runs the hardware team at Apple, said in a CNBC interview that it's unlikely that any upgrades Apple makes to the part will result in a better experience for users and that developing a modem was &#8220;extremely difficult to do.&#8221;
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Fallout &amp; Patchup: Apple decided to take up modem chip manufacturing in 2018 when it faced a legal battle with Qualcomm over royalties and patents. The two parties reached a settlement a year later, agreeing to dismiss all litigation between the two companies worldwide.
Apple agreed to make a payment to Qualcomm and the two also signed a six-year license agreement, effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement.
Apple Persists: Despite the pushbacks, Apple is pushing ahead, said Gurman, adding that the company has earmarked &#8220;billions of dollars, thousands of engineers and millions of working hours to a project that won't really improve its devices — at least at the outset.&#8221;
Some Apple insiders are resigned to the fact that customers don&#8217;t care about whether the modem used in their phones are made in-house or outsourced. Taking modem manufacturing in-house could help make the marketing pitch that most important iPhone components are made in-house but user experience won&#8217;t noticeably change, said Gurman.
Also Gurman noted that Apple&#8217;s modem project suffered numerous setbacks over the past few years. These include issues with performance and overheating and <a href="https://www.benzinga.com/markets/equities/23/11/35838151/apples-in-house-chip-development-faces-delays-extending-reliance-on-qualcomm">delay in launch time</a> at least until next year, he said. The columnist said Apple extending the supplier agreement with Qualcomm through March 2027 is due to its plan for a gradual rollout of the in-house modem chips, starting with niche models. 
One of the reasons for moving to an in-house modem is to save money, given Apple has argued that Qualcomm charges too much for it, Gurman said. Even after the move, Apple may still have to cough up some amount as royalties to Qualcomm, he added.
Long term, Apple could be benefited, as the tech giant plans to fold its modem design into &#8220;a new wireless chip that handles Wi-Fi and Bluetooth access,&#8221; Gurman said. &#8220;That would create a single connectivity component, potentially improving reliability and battery life.&#8221; He also sees the possibility of Apple one day combiningg all of this into the device's main system on a chip, or SoC. 
This, according to Gurman, could further cut costs and save space inside the iPhone, allowing for more design choices. 
&#8220;The best-case scenario is that it all goes smoothly, and most customers aren't even aware of the switch. But the project's real worth won't be tested until years later — when, Apple hopes, it sets the stage for a better iPhone,&#8221; he said.
Apple ended Friday&#8217;s session up 0.59% to $226.05, according to <a href="https://www.benzinga.com/premarket">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/08/40429457/apples-tabletop-robot-the-future-of-home-technology-or-a-potential-misstep">Apple&#8217;s Tabletop Robot: The Future Of Home Technology Or A Potential Misstep?</a></li>
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Tech

Media

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Why Apple Is Plowing Billions Of Dollars Into A Project That Won't Have A Payoff Near Term: Gurman Weighs In

Anthony Scaramucci predicts that Donald Trump will be sentenced to jail before the November election.
What Happened: On Saturday, Scaramucci took to X to express his view that Trump will be sentenced to jail in September, which will cause his poll numbers to plummet.
In response, Scaramucci predicts that Trump will seek a sentence commutation or pardon.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ok here is the sequence: Trump is sentence to jail in September. ( won't have to serve immediately but jail time in his future) Poll numbers plummet. He panics out and has the perfect excuse. He will then seek a sentence commutation or pardon. Remember it's all about him…
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1824556414553166196?ref_src=twsrc%5Etfw">August 16, 2024</a></blockquote>
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Scaramucci wrote, &#8220;Ok here is the sequence: Trump is sentence[d] to jail in September. (won't have to serve immediately but jail time in his future) Poll numbers plummet. He panics out and has the perfect excuse. He will then seek a sentence commutation or pardon. Remember it's all about him always.&#8221;
In another post on X, Scaramucci suggested that Trump confuses &#8220;political asylum&#8221; with &#8220;insane asylums.&#8221;
Scaramucci made a jesting observation about Trump&#8217;s repeated references to the fictional character Hannibal Lecter during his rallies. 
Also Read: <a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman">Anthony Scaramucci Says Donald Trump&#8217;s Divisive Tactics Will Lead To &#8216;The First African-American Woman President&#8217;</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just realized Trump keeps bringing up Hannibal Lecter at rallies because he doesn't know the difference between insane asylums and political asylum. &#x1f923; <a href="https://t.co/BDEvaDvN4R">pic.twitter.com/BDEvaDvN4R</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1824552890800738627?ref_src=twsrc%5Etfw">August 16, 2024</a></blockquote>
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Scaramucci has also expressed strong criticism of Trump&#8217;s planned rally in Howell, Michigan, a town with a controversial racial history.
On Sunday, Scaramucci voiced his concerns on X about Trump&#8217;s forthcoming &#8220;crime and safety&#8221; rally. 
He pointed out that Howell has been associated with the KKK for decades, and that a white supremacist march took place there just last month.
Read Also: Lawmakers Made Huge Investments This Year.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent081824" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a>
Scaramucci argued that the choice of location for the rally is a &#8220;bullhorn not a dog whistle,&#8221; and that it won&#8217;t go unnoticed by Black and Jewish communities in Michigan.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump just announced a "crime and safety" rally for next Tuesday in Howell, Michigan, a town that has been heavily associated with the KKK for decades. Indeed, just late last month White Supremacists marched in the town chanting "We love Hitler. We love Trump." Some but not all…
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1824974418109489304?ref_src=twsrc%5Etfw">August 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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He ended his tweet with a call to action, stating, &#8220;We will work hard to defeat him. We are better than this.&#8221;
Why It Matters: Scaramucci&#8217;s prediction, if realized, could have significant implications for the political landscape.
The potential jail sentence for Trump and the subsequent impact on his popularity could influence the dynamics of future elections and the public&#8217;s perception of the former president. 
Furthermore, a potential pardon or sentence commutation could spark controversy and debates about the use of such powers.
Read Next
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Scaramucci's Bold Prediction: Trump Will Be Sentenced To Jail Before Election

The world&#8217;s <a href="https://www.benzinga.com/personal-finance/24/08/40364781/stock-market-changes-investors-panic-dave-ramsey-says-short-term-the-stock-market-going-up-or-do">stock markets witnessed a day of turbulence</a> on August 5, sparking fears of an imminent financial crisis.
What Happened: Mark Spitznagel, a seasoned hedge fund manager, cautions that this could be an indication of the largest stock market bubble in history approaching its zenith.
As <a href="https://fortune.com/2024/08/18/august-stock-market-fiasco-stark-red-flag-mark-spitznagel-black-swan-hedge-funder/">per</a> a Fortune report, stock markets from Japan to the U.S. were swept up in a storm on August 5, leaving analysts and economists in a scramble to find explanations.
A disappointing jobs report and the unraveling of influential trades due to shifting central bank policies were pinpointed as the main factors.
The Wall Street panic was so severe that it prompted calls for emergency rate cuts from experienced economists. Mark Spitznagel, founder and CIO of the private hedge fund Universa Investments, labelled the market chaos as &#8220;amateur hour.&#8221;
"I have never seen anything like that in my career," Spitznagel told the outlet. 
Although global markets have largely rebounded since, with the U.S. S&amp;P 500 climbing approximately 5% from its August 5 low, Spitznagel warns that the recent market volatility is a distinct red flag. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40431598/rich-dad-poor-dad-author-robert-kiyosaki-urges-shift-to-bitcoin-amid-economic-uncertainty-">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Urges Shift To Bitcoin Amid Economic Uncertainty: &#8216;Panics In Capital Markets Are Visible, Why Take The Chance&#8217;</a>
"It's a great comparison to 2007. But I think we're going to see a compressed path. I don't think we've got a year of this, because the connectivity is greater…the fragility is greater," he added. 
He suggests we&#8217;re on the cusp of the largest stock market bubble in history, and the majority of investors are ill-prepared for the repercussions when it bursts.
Spitznagel has consistently contended that the Federal Reserve&#8217;s near-zero interest rates for over a decade following the global financial crisis have spawned the most significant credit bubble in human history.
"I think if anybody shorts the market or is too under invested relative to their temperament, they're going to get squeezed in at a euphoric height that is probably still coming in the months ahead," he added.
He anticipates this bubble will soon implode under the pressure of the Fed&#8217;s rate hikes, potentially leading to more severe fallout than previous market crashes due to our globally interconnected economy.
"I think people just kind of need to have this come-to-Jesus moment. Close your eyes, think about a world where the market is down 50 to 75% and then think about opening your portfolio. Are you going to do something crazy? And now, think about it being up 20%, and open your portfolio. Are you going to do something crazy?" he said. 
Spitznagel&#8217;s advice to retail investors is to exercise patience, invest in basic S&amp;P 500 index funds, and maintain a safety margin to avoid being compelled to sell at the most inopportune time.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Global Financial Crisis Looming? Hedge Fund Manager Offers Stark Warning

Former San Francisco Mayor Willie Brown recently revealed that he is considering taking legal action against <a href="https://www.benzinga.com/news/24/07/39999519/trump-vs-harris-latest-survey-indicates-positive-signs-for-this-candidate">former President Donald Trump</a>.
What Happened: The potential lawsuit stems from a disputed anecdote. Trump has been asserting that he and Brown were involved in a perilous helicopter ride together decades ago. The incident actually involved Los Angeles elected official Nate Holden.
&#8220;Somebody has got to make sure that he stops lying,&#8221; Brown said <a href="https://www.cbsnews.com/news/willie-brown-donald-trump-helicopter-kamala-harris/">in</a> the interview with CBS News. &#8220;If he keeps it up, at some point, I&#8217;m going to give him a taste of his own conduct. If he sues the New York Times for printing that I said he lied, I&#8217;m going to sue him.&#8221;
The controversial helicopter story was mentioned by Trump during a news conference on August 8 at his Mar-a-Lago estate in Florida.
Also Read: <a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman">Anthony Scaramucci Says Donald Trump&#8217;s Divisive Tactics Will Lead To &#8216;The First African-American Woman President&#8217;</a>
The discussion was about Kamala Harris, who was once in a relationship with Brown. Trump narrated a scenario where he and Brown were passengers on a helicopter that had to make an emergency landing.
Brown, however, has categorically refuted this incident. The New York Times reported Brown&#8217;s denial, which led to Trump allegedly threatening to sue the publication. 
In the interview, Brown responded to Trump&#8217;s threat, labeling Trump&#8217;s story as &#8220;a deliberate misrepresentation&#8221; and a diversion from Harris&#8217; recent political progress.
"You know me well enough to know that if I almost went down in a helicopter with anybody, you would have heard about it," Brown said. 
Read Also: Lawmakers Made Huge Investments This Year.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent081824" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a>
Brown called Trump's narrative "a deliberate misrepresentation" and merely "a distraction from the magnificence" of Harris' recent "ascendancy."
Why It Matters: This dispute highlights the ongoing tension between the former mayor and the ex-president. The potential lawsuit could add another layer of complexity to Trump&#8217;s legal challenges. 
Moreover, it underscores the political divide and the contentious nature of the current political climate. The outcome of this dispute could have significant implications for both parties involved.
Read Next
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Ex-San Francisco Mayor May Sue Donald Trump - Here's Why

These seven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) shares rocketed 48.26% after the company announced that it's on track to launch five <a href="https://www.benzinga.com//node/40398813" target="_blank" rel="noreferrer noopener">satellites in early September</a>.</li>
<li>Tempus AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) stock climbed 30.93%.</li>
<li>Intapp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) shares increased 27.59% after the company reported strong <a href="https://www.benzinga.com//node/40350753" target="_blank" rel="noreferrer noopener">fourth-quarter earnings and issued guidance</a>. Many analysts upped the <a href="https://www.benzinga.com/quote/inta/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the company</a>.</li>
<li>Loar Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) shares escalated 25.28% after it reported better-than-expected <a href="https://www.benzinga.com//node/40335395" target="_blank" rel="noreferrer noopener">Q2 GAAP EPS and sales</a>.</li>
<li>Rocket Lab USA Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock upped 21.03% after the company packed and shipped two Mars-bound spacecraft to Cape Canaveral, FL, in preparation for launch.</li>
<li>Qifu Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) stock soared 19.98% last week after the company reported Q2 financial results.</li>
<li>Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) shares grew 19.44% after the company <a href="https://www.benzinga.com//node/40395893" target="_blank" rel="noreferrer noopener">reported fourth-quarter results</a>. Analysts boosted their <a href="https://www.benzinga.com//node/40395893" target="_blank" rel="noreferrer noopener">price forecast for the stock</a>.</li>
</ol>
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<li><a href="https://www.benzinga.com/news/large-cap/24/08/40431642/nvidia-starbucks-and-dell-are-among-top-10-large-cap-gainers-last-week-aug-11-aug-17-are-the-other" target="_blank" rel="noreferrer noopener">NVIDIA, Starbucks And Dell Are Among Top 10 Large Cap Gainers Last Week (Aug 11-Aug 17): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/24/08/40431811/rivian-chipotle-mexican-and-sirius-xm-are-among-top-10-large-cap-losers-last-week-aug-11-aug-17-ar" target="_blank" rel="noreferrer noopener">Rivian, Chipotle Mexican And Sirius XM Are Among Top 10 Large Cap Losers Last Week (Aug 11-Aug 17): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via AST SpaceMobile

Mid Cap

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INTA

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LOAR

QFIN

RKLB

AST SpaceMobile And Rocket Lab Are Among Top 7 Best Performing Mid-Cap Stocks Last Week (Aug 11-Aug 17): Are The Others In Your Portfolio?

Ramzan Kadyrov, the leader of Chechnya and a close ally of Russian President Vladimir Putin, has unveiled a Tesla Cybertruck equipped with what appears to be a machine gun.
What Happened: The reveal was made in a video shared by Kadyrov on Saturday. In a Telegram post, Kadyrov praised the vehicle and Tesla Inc. CEO Elon Musk, hinting at the potential use of the electric vehicle (EV) in the ongoing conflict in Ukraine.
&#8220;We received a Tesla Cybertruck from the esteemed Elon Musk. I was pleased to test this new technology and personally witnessed why it&#8217;s rightfully called the &#8216;Cyberbeast,'&#8221; Kadyrov wrote, according to a translation reported <a href="https://www.businessinsider.com/tesla-cybertruck-machine-gun-ukraine-chechnya-putin-elon-musk-2024-8">by</a> Business Insider.
He further added, &#8220;The Cybertruck will soon be sent to the SVO zone, where it will be in demand under the appropriate conditions. I am confident that this &#8216;beast&#8217; will greatly benefit our soldiers.&#8221; The term SVO refers to the &#8220;special military operation&#8221; in Ukraine.
Also Read: <a href="https://www.benzinga.com/news/24/02/37195508/putin-pal-elon-musk-fires-back-at-critics-accusing-him-of-supporting-russia">Putin Pal? Elon Musk Fires Back At Critics Accusing Him Of Supporting Russia</a>
&#8220;I express my sincere gratitude to Elon Musk. This is, of course, the strongest genius of our time and a specialist. A great man,&#8221; Kadyrov said in the Telegram post.
After the video was posted, Kadyrov invited Musk to Chechnya. "I don't think the Russian Foreign Ministry would mind such a trip," he said in the post. 
"And, of course, we're waiting for your new developments that will help us finish our special military operation [in Ukraine],&#8221; he added.
Why It Matters: Kadyrov, a known ally of Putin and active social media user, has previously supplied troops for Russia&#8217;s war in Ukraine.
In May, he claimed that 43,500 Chechen fighters had already served in Ukraine, as reported by Reuters. This latest development raises questions about the potential militarization of commercial EVs and the ethical implications for companies like Tesla.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

TSLA

Putin Ally Unveils Tesla Cybertruck With Machine Gun, Invites Musk To Russia

<a href="https://www.benzinga.com/personal-finance/24/06/39143700/are-you-richer-than-your-peers-the-net-worth-needed-to-be-in-the-top-10-of-your-age">Understanding wealth in America</a> can be eye-opening. You might assume that <a href="https://www.benzinga.com/personal-finance/24/08/40114486/can-you-guess-the-average-age-of-a-millionaire-heres-a-clue-theyre-mostly-baby-boomers-42-of-the">becoming a millionaire</a> is something only a few achieve, but recent data shows that the average household net worth in the U.S. has surpassed $1 million. But what does this number really mean, and how does it compare to the everyday financial reality most Americans face?&nbsp;
Don't Miss:
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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>
<li>Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a></li>
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<h2 class="wp-block-heading">The Average vs. Median Net Worth</h2>
As of the latest data from the Federal Reserve&#8217;s 2022 Survey of Consumer Finances, the average net worth of American households is approximately $1.06 million. This figure might suggest that the typical American family is quite wealthy. However, averages can be misleading due to the influence of extremely high net-worth individuals and households. These outliers skew the average upward, painting a picture that might not reflect the reality for most people.
In contrast, the median net worth, the middle point where half the households have more and half have less, stands at $192,900. This median figure provides a more accurate representation of the typical American family&#8217;s financial situation, as it is less affected by the wealthiest households.
Trending: 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>
<h2 class="wp-block-heading">What Contributes to the High Average?</h2>
The disparity between the average and median net worth highlights the significant wealth inequality in the U.S. The top 10% of households hold a hefty portion of the nation&#8217;s wealth, which elevates the average net worth figure. Factors such as homeownership, investments, and inheritance play crucial roles in boosting the net worth of these affluent households.
<h2 class="wp-block-heading">Homeownership and Net Worth</h2>
<a href="https://www.benzinga.com/news/23/05/32244562/want-to-get-rich-netflix-star-and-self-made-millionaire-says-dont-own-a-home">Homeownership is a key factor</a> in net worth accumulation. According to the data, homeowners have an average net worth of over $1.53 million, compared to just $154,900 for those who do not own homes. Owning a home provides stability and contributes significantly to one's net worth over time through equity accumulation.
Trending: 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, and you only need $100</a>.
<h2 class="wp-block-heading">Age and Net Worth</h2>
Net worth varies widely by age, as people accumulate assets and pay down debts over their lifetimes. For example, households headed by individuals aged 65-74 have an average net worth of $1.79 million, while those under 35 have an average of $183,500. This progression reflects the typical financial life cycle, where net worth increases with age as people save, invest, and reduce liabilities.
<h2 class="wp-block-heading">The Path to Increasing Net Worth</h2>
For those <a href="https://www.benzinga.com/personal-finance/24/04/38525546/are-you-on-track-to-join-the-top-1-in-retirement-savings-heres-how-much-they-have-at-every-age">looking to improve their net worth</a>, financial experts recommend focusing on several key strategies:
<ul>
<li>Maximize Retirement Savings: Contributing to retirement accounts like 401(k)s and IRAs can significantly boost net worth over time.</li>
<li>Invest Wisely: Diversifying investments across stocks, bonds, and real estate can provide growth opportunities and hedge against inflation.</li>
<li>Manage Debt: Reducing high-interest debt, such as credit card balances, can improve net worth by decreasing liabilities.</li>
</ul>
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/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>
When you hear that the average net worth in America is over $1 million, it can feel a bit overwhelming – especially if you aren't quite there. But it's important to remember that this figure includes the wealthiest households, including billionaires. For most people, the median net worth is a far more realistic way to measure where they stand.
It's not about comparing yourself to millionaires but rather focusing on what you can do to grow your wealth over time. <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">Consulting a financial advisor</a> could be a smart move if you're unsure where to start or how to improve your financial situation.&nbsp;
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<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://benzinga.com/money/rory-mcilroys-florida-mansion-doubled-in-value"> here&#8217;s how to get started investing in real estate with just $100</a></li>
<li>Don&#8217;t miss out on the next Nvidia &#8211;<a href="https://www.benzinga.com/money/fundrise-innovation-fund"> you can invest in the future of AI for only $10.</a></li>
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Personal Finance

Can You Guess The Net Worth Of The Average Household? Shockingly, It's Over $1 Million

The housing market is in flux, with home prices at record highs amid a demand and supply imbalance. Elevated mortgage rates – seen as a function of <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">interest rates at a 22-year high</a> and inflation, which is eating away into disposable income – are constraining purchases. In the wake of all this, NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) CEO John Ketchum recently lauded Florida as a thriving market for housing as well as commercial and industrial construction.
The Florida Housing Market: The Sunshine State has the distinction of being the biggest housing market in the country. Despite California having the twice as many residents, Florida has nearly double the number of home listings, <a href="https://www.realtor.com/news/trends/florida-housing-market-condos-home-prices-coast-inland/">said</a> Realtor.com in a recent report. It is a bellwether state &#8220;consistently attracting people from around the globe due to its significant tax advantages, perfect weather, and booming economy,&#8221;  Jenny Lenz, the managing director of Dolly Lenz Real Estate, told the website.
The report characterized the housing market in the state as split, with condominium prices on the coasts falling due to high insurance costs and assessment fees, while single-family home cost remained steady inland.
Recent data from Redfin showed that the median sale price of a home in Florida rose 2.3% year-over-year to $419,200, lower than the nationwide median price of $426,900. Although marking a decline from the April 2024 peak, home prices are still near the record levels, the real-estate company said. That said, the number of homes sold fell 14.1%, while inventory rose 16%.
While all roads led to Florida following the pandemic due to the state&#8217;s pulling points, things are changing now, a U.S. News report <a href="https://realestate.usnews.com/real-estate/articles/is-floridas-housing-market-in-trouble">said</a>. The deterrents are the expensive homeowner&#8217;s insurance due to hurricane threat in the state, higher home prices and the increase in property taxes.
See Also: <a href="https://www.benzinga.com/money/best-real-estate-stocks-right-now">Best Real Estate Stocks Right Now</a>
Commercial Real Estate &#8211; Risks &amp; Opportunities: After a tough year in 2023, the commercial real estate market nationwide is expected to bounce back this year as the Fed is widely expected to cut rates this year.
A report from the National Association of Realtors <a href="http://www.nar.realtor/sites/default/files/documents/2024-03-commercial-real-estate-market-insights-03-26-2024.pdf">noted</a> a troubled office sector, with falling lending activity and rising office availability and delinquencies. The office vacancy rate nationwide rose to a new record of 13.8% in February, it said. Leasing activity, a proxy for demand and interest, has dropped about 50 percentage points below pre-pandemic levels. Among other commercial real estate segments, multi-family was recovering from lows, retail spaces continued to slowdown and the industrial segment is showing signs of a slowdown.
NAR&#8217;s report flagged a sharp increase in rent for industrial spaces in Florida cities such as Orlando, Jacksonville and Tampa, with the spike attributed to strong demand for warehouse properties. The increases are in the magnitude of 10% from last year, it said.
That said, there is a looming risk. The low financing costs buyers are availing now could soon become a thing of the past, <a href="https://www.godfreylegal.com/what-2024-will-bring-for-commercial-real-estate-in-florida/#:~:text=2024%20will%20not%20be%20all,soon%20come%20to%20an%20end.">said</a> Godfrey Legal. It reasoned that many loans on commercial properties will mature later this year and in the upcoming year, with about $1.5 trillion in commercial real estate debt maturing. The terms of fresh loans or refinancing will likely be tougher, 
Corporates Make Beeline To Florida: Companies, especially big techs, which typically are based out of either the Silicon Valley or New York, are looking toward Florida, with many already having made the move. Ken Griffin's Citadel and Citadel Securities have permanently moved their headquarters to Miami. Amazon founder Jeff Bezos has shifted base out of Seattle to Florida, citing the need to be near his space venture Blue Origin.
Defense contractor Lockheed Martin has relocated its Space division headquarters to Titusville, Florida. JPMorgan has doubled down its presence in the state. <a href="https://www.benzinga.com/markets/equities/24/06/39457393/what-going-on-with-jp-morgan-shares-today">The big bank said in June that its downtown Miami office will double in size</a> from 80,000 square feet to 160,000 square feet in part to accommodate 400 additional employees. &#8220;Miami and South Florida are home to an increasing number of our clients, customers, community partners and employees, and a strategic location for our operations in Latin America as well,&#8221; said Jonathan Bello, head of Chase for Business Miami.
Florida is the fourth biggest state in terms of GDP, according to Bureau of Economic Analysis. The state also boasts of the highest population growth and it attracts remote workers due to the low cost of living, especially in northeast Florida, <a href="https://www.forbes.com/councils/forbesbusinesscouncil/2022/06/22/three-reasons-why-my-company-is-moving-to-florida/">said </a>Forbes contributor Gilda D&#8217;Incerti.
Potential Beneficiaries: With industry players and watchers betting on Florida&#8217;s housing and commercial real estate markets, real estate and utility companies operating in the state stand to gain big. Commercial real estate services and investment&nbsp;company, CBRE Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>), Jones Lang LaSalle Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) and Cushman &amp; Wakefield plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWK#NYSE">CWK</a>), homebuilder Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) and M/I Homes, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>), LGI Homes, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGIH#NASDAQ">LGIH</a>) and Meritage Homes Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) have big presence in the state.
Among utility companies operating in Florida are NextEra and Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/real-estate/24/08/40431571/florida-and-texas-could-reap-huge-benefits-if-harris-wins-according-to-grant-cardone-they-protect-th">Florida And Texas Could Reap Huge Benefits If Harris Wins, According To Grant Cardone. &#8216;They Protect The Property Owner&#8217;</a></li>
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NextEra CEO Talks Up Florida Property Market: A Sunshine State Ray Of Hope?

A forthcoming study from the University of Northern Colorado indicates that <a href="https://www.benzinga.com/topic/cbd">cannabidiol (CBD)</a>, a non-psychoactive component of <a href="https://www.benzinga.com/cannabis">cannabis</a>, may offer benefits to competitive runners by reducing anxiety and perceived exertion during exercise. As Marijuana Moment <a href="https://www.marijuanamoment.net/runners-who-take-cbd-have-less-anxiety-and-perceived-exertion-new-study-finds/?utm_source=www.cultivated.news&amp;utm_medium=newsletter&amp;utm_campaign=roger-stone-s-cannabis-guarantee&amp;_bhlid=e5c42f18cdf3d545d9cf090b225f0ef78845111c">reported</a>, the <a href="https://digscholarship.unco.edu/theses/320/">research</a> involved 12 adult subjects who were administered either 300 milligrams of CBD or a placebo made of grapeseed oil. After a two-hour waiting period, participants were instructed to complete a two-mile run on a treadmill as fast as possible.
<h3 class="wp-block-heading">Key Findings: Reduced Anxiety And Perceived Exertion</h3>
Throughout the run, vital signs were recorded and participants filled out surveys to measure anxiety and other subjective experiences. The findings revealed that those who took CBD reported feeling calmer and more relaxed compared to the placebo group. Additionally, the CBD group experienced an 8 percent reduction in the average rate of perceived exertion halfway through the run.
<h3 class="wp-block-heading">Impact On Performance Times</h3>
"These results suggest that an acute dose of CBD (300 mg) taken 2 hours before a 2-mile run may benefit runners in competition by improving anxiety symptoms and decreasing the rate of perceived exertion without hindering performance time," according to an abstract of the study. Although the CBD group completed their runs 3.1 percent faster than the placebo group, this difference was not statistically significant.
<h3 class="wp-block-heading">Challenging Cannabis Stereotypes</h3>
This study adds to the growing body of research examining the effects of cannabinoids on exercise and physical activity. Contrary to the stereotype of cannabis users being lethargic, recent studies have shown that cannabis use may actually <a href="https://www.benzinga.com/markets/cannabis/23/10/35138950/debunking-the-lazy-stoner-myth-scientist-reveals-cannabiss-unexpected-effect-on-motivation">enhance physical activity</a>. For instance, research published earlier this year found that cannabis users were <a href="https://www.benzinga.com/markets/cannabis/23/09/34592781/cannabis-users-are-not-lazy-data-confirms">not more sedentary</a> than non-users and even showed a slight increase in light exercise.
<h3 class="wp-block-heading">Broader Implications For Athletes</h3>
Another <a href="https://www.benzinga.com/general/biotech/23/07/33254688/cannabis-use-enhances-runners-high-and-induces-positive-exercise-experience-finds-new-study">study from 2023</a> linked marijuana use to an enhanced &#8220;runner&#8217;s high&#8221; and reduced pain during exercise, with participants experiencing greater positive effect and tranquility during cannabis-assisted runs. Additional studies have indicated that regular cannabis users may <a href="https://www.benzinga.com/markets/cannabis/23/09/34592781/cannabis-users-are-not-lazy-data-confirms">engage in more physical activity</a> compared to non-users, challenging the outdated &#8220;lazy stoner&#8221; stereotype.
<h3 class="wp-block-heading">Full Results To Be Published Soon</h3>
The full text of the study, a master&#8217;s thesis by Elyssa Bell, will be released on September 1 with the paper also being submitted for publication in an academic journal. University of Northern Colorado professor Laura K. Stewart, an advisor on the project, expressed enthusiasm about the findings, stating, "The results of this project are exciting, and we can't wait to share them in full later this year."
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CBD May Enhance Running Experience By Lowering Anxiety, Study Suggests

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