Latest news for Sigmabroadband (OTC:SGRB) Stock

Sigmabroadband Co is a corporate developing public company. Its strategic decision is to grow and restructure its business in establishing strategic partnerships to achieve organizational excellence. The Company is creating opportunities through actions such as mergers and acquisitions and deals that leverage the value of the Company's business platform.

Sigmabroadband Co

A survey conducted by ABC News/Ipsos has shed light on the American public&#8217;s confidence in the acceptance of the upcoming November presidential election results by Vice <a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states">President Kamala Harris and former President Donald Trump</a>.
What Happened: The survey, carried out between August 23 and 27, revealed a stark contrast in the public&#8217;s confidence in the two political figures. A significant 68% of the respondents expressed confidence in Harris&#8217;s readiness to accept the election outcome, while only 29% felt she would not. 
In contrast, a mere 29% believed Trump would accept the results, with a majority of 67% expressing doubts about his willingness to do so.
Interestingly, the <a href="https://abcnews.go.com/Politics/thirds-americans-trump-unprepared-accept-election-outcome-poll/story?id=113246372">poll</a> also found that 81% of voters are prepared to accept the election results. However, a third of the voters expressed a lack of confidence in the accuracy of the vote count. The study further highlighted a correlation between confidence in election integrity and readiness to accept the election outcome.
Political ideology was also found to influence acceptance of the election results. 
Respondents identifying as very conservative were less likely to accept the outcome compared to those identifying as liberal, moderate, or somewhat conservative.
Also Read:&nbsp;<a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Says Donald Trump&#8217;s Divisive Tactics Will Lead To ‘The First African-American Woman President&#8217;</a>
Why It Matters: The survey&#8217;s findings underscore the deep-seated political divide in the country, with public opinion sharply polarized between the two political figures. 
The readiness to accept the election results, or lack thereof, could potentially influence the overall political climate and the public&#8217;s trust in the democratic process. 
Furthermore, the role of political ideology in shaping acceptance of the election results highlights the need for efforts to bridge ideological divides and foster a more inclusive political discourse.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

News

Politics

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

When you think of the perks that come with being a member of Congress, the salary and lifetime benefits might be the first things that come to mind. But there&#8217;s more on the table — U.S. representatives and senators also have access to a taxpayer-matched savings plan that can contribute up to 5% of their salary, and they&#8217;re eligible for Social Security benefits, just like the rest of taxpayers.
Don't Miss:
<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
Even the most powerful politicians in the country, who often have millions in the bank, can collect Social Security if they&#8217;ve paid into the system long enough. This includes <a href="https://www.benzinga.com/general/24/01/36755048/nancy-pelosi-made-500-000-from-her-nvidia-nasdaq-nvda-bet-doubling-her-annual-government-salary-in-j">Nancy Pelosi</a>, who has been a dominant figure in U.S. politics for more than three decades.
At 84, Pelosi has represented San Francisco in Congress for over 36 years, making history as the first and only woman to serve as Speaker of the House — first from 2007 to 2011 and again from 2019 to 2023. Throughout her career, she&#8217;s been at the helm of key decisions that have shaped the nation. And while her $223,500 annual salary as Speaker of the House was nothing to scoff at, her financial portfolio extends well beyond that.
Trending:
<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>
</ul>
Thanks to her years of service, Pelosi will receive a substantial public pension and could potentially withdraw around $1 million from her federal savings account. And despite her <a href="https://www.benzinga.com/personal-finance/24/03/37967592/grant-cardone-calls-out-nancy-pelosi-if-you-make-179-000-a-year-you-will-never-be-a-millionaire-">considerable wealth — estimated at around $120 million</a> according to Celebrity Net Worth — Pelosi is still entitled to Social Security benefits. If she started collecting in 2023, she could receive the maximum benefit of $4,555 per month, adding up to $54,660 annually.
See Also:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg">How does it compare to the average?</a></li>
</ul>
Before 1984, members of Congress and other federal civil service employees didn&#8217;t pay into Social Security and, as a result, weren&#8217;t eligible to receive benefits. However, those elected after 1984, like Pelosi, fall under the <a href="https://www.ssa.gov/OP_Home/handbook/handbook.09/handbook-0940.html">Federal Employees&#8217; Retirement System (FERS)</a> and are entitled to the same Social Security benefits as any other American who meets the eligibility requirements.
Pelosi could have started collecting Social Security benefits as early as 2002 <a href="https://www.benzinga.com/personal-finance/24/04/38439971/should-you-begin-collecting-social-security-at-62-67-or-70-the-right-answer-may-depend-on-your-b">when she turned 62, albeit at a reduced rate</a>. The exact amount of her Social Security check isn&#8217;t publicly disclosed. But given her long career and high earnings, it&#8217;s safe to assume she qualifies for the maximum benefit.
Trending:
<ul>
<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires">Here are three ways to join the club.</a></li>
</ul>
While some wealthy individuals might choose to skip out on Social Security, Pelosi and her husband, Paul, have other income streams that could make this choice a realistic option for them. Like other high-net-worth individuals, she has the option to decline Social Security if she wishes.
Read Next:
<ul>
<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>
</ul>
The decision to draw Social Security benefits is a personal one, influenced by various factors, including financial needs and other sources of income. For Pelosi, it&#8217;s just one more piece of an already impressive financial puzzle, a testament to the benefits that come with a long and storied career in public service. Whether she&#8217;s cashing her Social Security checks or not, one thing&#8217;s for sure — Pelosi&#8217;s <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">retirement years are looking pretty comfortable</a>.

Personal Finance

Can You Guess How Big Nancy Pelosi's Monthly Social Security Check Is?

U.S. District Judge Alvin K. Hellerstein has dismissed a lawsuit against Elon Musk and Tesla Inc., which accused them of manipulating the <a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33239355/elon-musk-accused-of-financing-unlawful-harassment-campaign-against-dogecoin-investors">Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) market</a>.
What Happened: A group of Dogecoin investors initiated a lawsuit against Musk and Tesla in 2022. The investors claimed that Musk had influenced the DOGE market through his public remarks.
The investors alleged that Musk was involved in a pump-and-dump scheme. However, Hellerstein ruled in favor of Musk&#8217;s legal team this week, effectively ending the legal dispute.
Hellerstein examined the specific quotes from Musk that were highlighted in the complaint. He expressed that he &#8220;failed to see&#8221; how Musk&#8217;s comments could be interpreted as market manipulation or a pump-and-dump scheme.
In a <a href="https://www.courtlistener.com/docket/63388702/johnson-v-musk/">statement</a>, Hellerstein said, &#8220;These paragraphs allege statements by Musk on ‘Twitter' to the effect that Dogecoin might be his favorite currency and that he had purchased some for his son, that Dogecoin is the people's crypto and the future currency of Earth, that Dogecoin might become the standard for the global financial system and the currency of the internet, that Musk agreed to become Dogecoin's CEO, and that Musk might put a ‘literal' Dogecoin in SpaceX and fly it to the moon and that Dogecoin would pay for the mission, that Tesla vehicles could be bought with Dogecoin, and the like.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38630402/teslas-dogecoin-adoption-sends-crypto-market-into-frenzy-meme-coin-surges-by-over-21">Tesla&#8217;s Dogecoin Adoption Sends Crypto Market Into Frenzy, Meme Coin Surges By Over 21%</a>
&#8220;These statements are aspirational and puffery, not factual and susceptible to being falsified. They cannot be the basis of 10b-5 lawsuit… and no reasonable investor could rely upon them," the statement said. 
The judge described Musk&#8217;s statements as &#8220;aspirational and puffery, not factual and susceptible to being falsified.&#8221; He concluded that these comments could not form the basis of a 10b-5 lawsuit and no reasonable investor could rely upon them.
Why It Matters: This ruling is significant as it sets a precedent for future cases involving allegations of market manipulation through public comments. It highlights the importance of discerning between factual statements and aspirational comments when investing in volatile markets like cryptocurrencies. 
The dismissal of this lawsuit may also alleviate some of the legal pressure on Musk and Tesla, allowing them to focus on their core business operations.
Read Next:&nbsp;
<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/38014531/dogecoin-set-to-surge-over-200-says-crypto-analyst-its-going-to-do-something-insane-this-c" target="_blank" rel="noreferrer noopener">Dogecoin Set to Surge Over 200%, Says Crypto Analyst: &#8216;It&#8217;s Going To Do Something Insane This Cycle</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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

Cryptocurrency

$DOGE

Elon Musk Cleared Of Dogecoin Market Manipulation Charges

Bill Gates is making big changes in the small town of Kemmerer, Wyoming, with a population of just about 2,400. <a href="https://www.benzinga.com/news/24/06/39350909/bill-gates-pledges-to-put-in-billions-more-to-propel-terrapowers-nuclear-initiatives-if-we-dont-coun">Gates' company TerraPower</a> has started building what he calls "the most advanced nuclear facility in the world" in this tiny community.&nbsp;
This will be the first of the so-called Natrium plants, which promise to be safer, cheaper, and more efficient than traditional nuclear power plants. It is a groundbreaking project expected to provide clean, zero-carbon energy.
Don't Miss:
<ul>
<li>Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1"> now harbor a huge investment opportunity at just $500.</a></li>
</ul>
Kemmerer, a town once known for its coal plant, is transforming into a center for next-generation nuclear technology. The project will provide jobs to 1,600 skilled workers and boost the local economy, with new businesses and housing developments emerging to support the growing community. It is a huge transformation for a town that relied on coal for so long. As Gates said on his blog, &#8220;It's a huge milestone for the local economy, America's energy independence, and the fight against climate change.&#8221;
Trending:
<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>
</ul>
Gates is rethinking how nuclear power is generated and believes that the Natrium plant will revolutionize the energy landscape in the U.S. and worldwide. The plant, designed by TerraPower, a company he founded in 2008, is expected to start operating by 2030.
See Also:
<ul>
<li>General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50/share with a $1,000 minimum.</a></li>
</ul>
The TerraPower project in Kemmerer is notable for its advanced technology and cost efficiency compared to recent projects. For example, Georgia&#8217;s Plant Vogtle, which recently expanded from two to four reactors, cost nearly $35 billion, including $11 billion in overruns. In contrast, the TerraPower project is expected to cost up to $4 billion, with half funded by the U.S. Department of Energy. 
Trending:
<ul>
<li>Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1">now harbor a huge investment opportunity at just $500.</a></li>
</ul>
But Gates isn&#8217;t stopping at nuclear power. His energy investment firm, Breakthrough Energy Ventures, backed by other big names like Jeff Bezos, Michael Bloomberg, and Richard Branson, has just raised $839 million for a new climate fund called BEV III. This fund is part of Gates&#8217; bigger plan to invest in technologies that can drastically cut greenhouse gas emissions. The fund will focus on five main areas: electricity, transportation, manufacturing, buildings, and food and agriculture.
Read Next:
<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>
</ul>
Gates, who was <a href="https://www.benzinga.com/personal-finance/24/07/39600675/bill-gates-was-the-worlds-richest-man-for-a-record-18-years-his-secret-to-success-saving-like-a-">the richest person in the world</a> from 1995 to 2017, has been focusing on philanthropy, particularly vaccines, clean water, and sustainability. Due to these and other initiatives, he&#8217;s often in the spotlight and occasionally at the center of controversy.

Startups

Bill Gates Is Bringing 'The Most Advanced Nuclear Facility In The World' To A Small City With Only 2,000 People

Recent reports have shed light on the financial health of popular messaging and social media platform Telegram. Contrary to the robust image portrayed by CEO Pavel Durov, the company&#8217;s financials suggest a different story.
What Happened: Telegram, which boasts more than 900 million users, recorded a loss of $108 million on a revenue of $342 million in the previous year.
Durov had reportedly been contemplating an Initial Public Offering (IPO) for the company, targeting a valuation of $30 billion. 
However, the disclosed financials have raised questions about the feasibility of such a lofty valuation, particularly in light of the multiple charges Durov is currently facing from French authorities, reports <a href="https://www.ft.com/content/242552a9-4280-46c0-9d61-bcf6ccd14400">the</a> Financial Times.
Interestingly, a significant 40% of Telegram&#8217;s total revenue is generated from its crypto services, which include a digital wallet for crypto coins and a platform for selling digital collectibles. 
Also Read: <a href="https://www.benzinga.com/news/24/08/40666960/musk-considers-limiting-his-travel-following-telegram-ceo-arrest-wise-for-me-to-limit-movements">Musk Considers Limiting His Travel Following Telegram CEO Arrest: &#8216;Wise For Me To Limit Movements&#8217;</a>
This heavy reliance on cryptocurrency, particularly Toncoin, has led some to perceive Telegram as &#8220;a crypto firm with a sideline in messaging.&#8221;
When compared to the revenue of other tech giants like Coinbase, Twitter, and Reddit, Telegram&#8217;s financial performance falls short. This, along with Durov&#8217;s legal issues and the company&#8217;s controversial no-moderation policy, might make a potential IPO a tough sell.
Despite these hurdles, some observers believe that Telegram&#8217;s lean operation &#8211; a team of just 50 &#8211; could eventually yield substantial margins as the business matures. 
However, it appears that Durov might need to implement significant changes to his business model to satisfy regulators and potential investors.
Why It Matters: The revelation of Telegram&#8217;s financials and its heavy reliance on crypto services could have significant implications for the company&#8217;s future. The potential IPO, if it happens, will be closely watched by investors and industry observers alike. 
The company&#8217;s ability to navigate its current challenges, particularly its legal issues and the need to diversify its revenue streams, will likely determine its future trajectory.
Read Next
<a href="https://www.benzinga.com/general/social-media/24/08/40563957/is-telegram-safer-than-whatsapp-or-signal-app-might-not-be-so-private-after-all-report">Is Telegram Safer Than WhatsApp Or Signal? App Might Not Be So Private After All: Report</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

Telegram's Financial Health In Question: A Roadblock To $30B IPO?

A modest <a href="https://www.benzinga.com/real-estate/24/04/38253404/san-francisco-home-price-plunge-has-nearly-1-in-5-sellers-taking-losses">San Francisco home</a> that hit the market for a surprising $488,000 has sold for its asking price, but the sale has uncovered deep family tensions and a saga of legal entanglements.
Don't Miss:
<ul>
<li>If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?</li>
</ul>
"This whole thing is a mess," said Todd Lee, the seller, in a conversation with the San Francisco Chronicle. Todd accepted an offer from his sister, Cheryl Lee, 66, who had been living in the house with their 83-year-old mother, Sandra Lee. The low listing price of the property, valued at $1.8 million, came with a significant caveat: the tenants, who happen to be family, may have the right to stay there until 2053.&nbsp;
Trending:
<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>
</ul>
The property listing indicated that the <a href="https://www.benzinga.com/real-estate/24/08/40603553/9-of-the-10-easiest-housing-markets-for-buyers-are-in-florida-realtor-says">house</a> was occupied by tenants whose lease might allow them to stay for nearly 30 years. The tenants pay $416.67 a month, plus utilities.&nbsp;
The home's history dates back to the 1970s when Sandra's parents bought it for $52,000. They lived there until they died, but from that time on, when the property was listed, the family dynamics took a sharp turn when the house was listed for sale. Sandra Lee accused her sons Todd and Cedric Goo of a supposed breach of trust by selling the property behind her back, which she alleged goes against her wishes.
See Also:
<ul>
<li>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>.</li>
</ul>
In an interview previously with The San Francisco Standard, Sandra claimed that her late stepfather, Kenneth Goo, quietly prepared a lease for her ahead of his death in 2022. She said it assured low rent and occupancy rights to 2053. &#8220;If it wasn't for the lease that [my son] didn't know about that was made in 2018, I don't know where we'd be,&#8221; she said. &#8220;It's unfathomable, the deception, the betrayal — this is my son doing this to me.&#8221;
Todd, however, denied any wrongdoing. He explained to the Chronicle that he chose to sell the home to avoid a drawn-out legal battle, even though other buyers had offered more money. "I wanted to handle it quietly," he stated. "When my mother spoke out, it got exponentially worse."
Trending:
<ul>
<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>
As trustee of the family trusts, Todd shared that the house is part of a complex financial setup involving Cheryl, Sandra and Cedric. The three are beneficiaries of the trust, with Sandra and Cedric holding a 37.5% share, while Cheryl has 25%. Before his passing, Kenneth Goo set up a lease in 2019 requiring the tenant to cover property taxes and insurance, but this lease was amended two years later to cap these costs at $5,000 annually, with an extension to 2053.
After Kenneth&#8217;s death, the home&#8217;s market value soared from $143,152 to $1.4 million, and property taxes went from $1,717 to $16,928 annually. Todd mentioned that Cheryl covered the latest tax bill, and the family trusts&#8217; lawyer, Robert Roddick, confirmed this. He also revealed that a broker valued the house at $1.8 million — if the tenants weren't a factor.&nbsp;
Despite the drama, the house was sold to Cheryl and Sandra for $488,000. According to Roddick, this means that Sandra and Cheryl could own a home worth $1.8 million while Cedric receives a reduced share from the sale. The sale may have closed, but the story behind it continues to unravel.
Read Next:
<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>
</ul>

Real Estate

Home Sold for 27% Of Its $1.8M Value — And It's All Thanks To A Family Feud Gone Wild. Here's What Really Happened

Wedbush analyst Dan Ives has drawn a parallel between the market dominance of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and the prowess of a young LeBron James.
What Happened: Last week, Ives reiterated his bullish outlook on Nvidia, drawing a comparison to one of the greatest basketball players in history.
Ives <a href="https://www.bloomberg.com/news/videos/2024-08-29/bloomberg-surveillance-08-29-2024">told</a> Bloomberg, &#8220;If you look at Nvidia here, this is LeBron in high school in terms of where this story is ultimately going.&#8221;
Ives further emphasized Nvidia&#8217;s lead over its competitors, referring to it as &#8220;the only game in town.&#8221; Despite the concerns regarding the delay of the upcoming Blackwell chips, Ives lauded Nvidia&#8217;s strong revenue guidance.
According <a href="https://fortune.com/2024/08/31/nvidia-stock-outlook-earnings-revenue-guidance-blackwell-chip-lebron-james-ai/">to</a> Fortune, he also underscored the multiplier effect that Nvidia has on the tech sector, explaining that every dollar spent on its chips echoes through the industry by a factor of 8-10 times. 
Also Read: <a href="https://www.benzinga.com/news/24/08/40666713/mark-cubans-nba-strategy-for-klay-thompson-with-mavericks-obviously-the-big-addition-was-klay-hopefu">Mark Cuban&#8217;s NBA Strategy for Klay Thompson With Mavericks: &#8216;Obviously The Big Addition Was Klay, Hopefully His Life Is Going To Be A Lot Easier&#8217;</a>
Ives anticipates $1 trillion of capital expenditures on AI over the next three years, which is double his forecast from six months ago.
Even though Nvidia&#8217;s stock suffered an 8% weekly loss, most Wall Street analysts, including those at Bank of America Global Research, continue to maintain a &#8220;buy&#8221; rating on Nvidia shares.
Why It Matters: Given the absence of context articles, the significance of this news can be inferred from the information provided. Nvidia&#8217;s comparison to a young LeBron James underscores the company&#8217;s potential and its unrivaled position in the tech industry. 
The anticipated capital expenditures on AI and the multiplier effect of Nvidia&#8217;s chips indicate a promising future for the company, despite short-term stock fluctuations.
Read Next
<a href="https://www.benzinga.com/markets/equities/24/08/40617133/nvidia-ceo-jensen-huang-identifies-1-trillion-opportunity-amid-generative-ai-shift-data-centers-">Nvidia CEO Jensen Huang Identifies $1 Trillion Opportunity Amid Generative AI Shift: &#8216;Data Centers Will Be All Accelerated Computing&#8217;</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Sports

Markets

NVDA

Wedbush's Dan Ives Equates Nvidia's Market Stature To Lebron James' Early Career

Dave Ramsey and Suze Orman have frequently been heard telling their listeners that they can achieve 12% returns by investing in the stock market. <a href="https://www.benzinga.com/real-estate/24/08/40602516/its-always-been-expensive-dave-ramsey-defends-housing-costs-but-is-he-overlooking-a-bigger-problem">Dave Ramsey</a> talks about how it's more than possible to get 12% returns and even has an article on his website telling people how he recommends achieving these numbers. 
Don't Miss:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
<a href="https://www.benzinga.com/personal-finance/24/08/40607267/suze-orman-praises-cds-as-smartest-money-move-but-dave-ramsey-says-theyre-just-glorified-savings">Suze Orman</a> advises people to start investing when they're young, and that if you start at 25 and invest $100 per month in the S&amp;P 500 with 12% returns, you'll have $1 million by the time you're 65.&nbsp;
But are 12% returns really attainable? Dave Blanchett, head of retirement research at PHIM DC Solutions, doesn't seem to think so. In fact, he told CNBC that the 12% returns figure is "absolutely nuts."
Trending:
<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>
</ul>
So, where did the 12% claim come from? Orman and Ramsey both base their 12% return figure on the historical performance of the S&amp;P 500.&nbsp;
On Ramsey's website, his team highlights the average returns over several decades:&nbsp;
<ul>
<li>1990 to 2020: S&amp;P's average was 11.55%</li>
<li>1985 to 2015: S&amp;P's average was 12.36%</li>
<li>1980 to 2010: S&amp;P's average was 12.71%</li>
</ul>
It's important to note that each of these averages is over a 30-year timeframe. Some years, the returns are much, much lower. For example, in 2015, it was just 1.38%. And sometimes it's much higher. In 2013, it was 32.15%. 
See Also:
<ul>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
</ul>
However, these figures are arithmetic averages, which some experts say don't necessarily account for the real-world complexities of investing. The geometric average, which many experts consider more accurate, shows something different. The geometric return from the S&amp;P 500 from 1928 to 2023 was 9.8%, and from 2014 to 2023 it was 11.91% – still closer in the last decade, but under 12% and lower than the averages from the arithmetic return.&nbsp;
With the geometric average from the last decade still close to 12%, why does Blanchett say that number is nuts? <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">The market</a> is volatile, meaning returns can vary a lot from year to year. When factors like inflation come into play – which has averaged around 3% annually from 1926 to 2023 – it erodes the purchasing power of investment returns. 
Trending:
<ul>
<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires">Here are three ways to join the club.</a></li>
</ul>
"The nominal geometric return only exceeded 12% in five of the 113 rolling 40-year periods, which is 4.4% of the time," Blanchett said. "If getting 12% were ‘probable,' one would expect a higher percentage of the periods to be at or above 12%."
Blanchet says that a more realistic return for aggressive investors is closer to 7%, while those with more balanced portfolios might only see 5% returns.&nbsp;
While it may be tempting to aspire to high returns, it's important to make sure you have realistic expectations about the returns for your investments. Investors should be wary of overly optimistic claims and understand the volatility of the market and how it can impact their long-term investments.&nbsp;
Read Next:
<ul>
<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>
</ul>
Speaking with a trusted <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> is a great way to better understand the risk tolerance of your investments, what returns to expect, and how these figures will impact your long-term financial goals.&nbsp;

12% Returns? Think Again: Expert Debunks Suze Orman And Dave Ramsey's Investment Claims And Reveals More Realistic Return Rates

A recent poll reveals that U.S. cryptocurrency owners are more inclined towards Donald Trump than Kamala Harris, despite <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">Trump&#8217;s lagging overall national support</a>.
What Happened: The poll shows that Trump has a significant lead over Harris among U.S. cryptocurrency owners. The poll, administered by Fairleigh Dickinson University, surveyed 801 registered voters across the nation from August 17-20.
According to the <a href="https://www.fdu.edu/news/fdu-poll-finds-trumps-embrace-of-crypto-pays-off/">poll</a>, Trump leads Harris by 12 points (50% to 38%) among cryptocurrency owners. Harris has a similar 12-point lead (53% to 41%) among non-cryptocurrency owners. The poll also unveiled that 15% of respondents either currently own or have previously owned cryptocurrencies.
The survey interestingly found that Republicans are slightly more likely to own digital assets compared to Democrats. However, cryptocurrency ownership was found to be equally probable among self-identified liberals, moderates, conservatives, progressives, and MAGA voters.
Also Read: <a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states">Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States</a>
Earlier this month, Trump announced the launch of his own decentralized finance (DeFi) platform, The DeFiant Ones, as a competitive move against traditional banks. In July, Trump chose JD Vance, a pro-crypto senator from Ohio, as his running mate for the upcoming presidential election.
Why It Matters: The poll&#8217;s findings underscore the growing influence of cryptocurrency owners in the political landscape. Trump&#8217;s lead among this group could be attributed to his recent ventures into the crypto space, including the launch of his DeFi platform and his choice of a pro-crypto running mate. 
This trend also highlights the potential for cryptocurrency to become a significant factor in future elections, as more Americans invest in digital assets.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40301432/kamala-harris-surges-ahead-of-trump-in-key-states-young-americans-bank-on-harris-for-economic-reviva" target="_blank" rel="noreferrer noopener">Kamala Harris Surges Ahead Of Trump In Key States, Young Americans Bank On Harris For Economic Revival</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Vs Harris: Majority Of US Crypto Owners Support This Candidate

The week was abuzz with tech giants making waves in the artificial intelligence (AI) space. From Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) considering a stake in OpenAI to Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy revealing the company&#8217;s AI assistant&#8217;s significant impact, the AI landscape continues to evolve.
Apple in Talks with OpenAI Reports have surfaced that Apple is in discussions to invest in OpenAI, the company behind the popular ChatGPT AI chatbot. This move is part of a new fundraising round that could value the AI company at over $100 billion.
<a href="https://www.benzinga.com/news/24/08/40636153/apple-in-talks-to-invest-in-openai-as-chatgpt-makers-valuation-climbs-to-100b-report">Read the full article here.</a>
Amazon&#8217;s AI Assistant a Game Changer Amazon CEO Andy Jassy announced that their AI assistant, Amazon Q, has significantly reduced software upgrade times, saving thousands of developer-years of work. The AI assistant has been integrated into the company&#8217;s internal systems to streamline software updates.
<a href="https://www.benzinga.com/markets/equities/24/08/40524790/amazon-ceo-andy-jassy-says-companys-ai-assistant-has-saved-260m-and-4-5k-developer-years-of-work">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/08/40647123/elon-musk-questions-legality-of-openai-going-from-non-profit-to-for-profit-amid-apple-nvidia-investm?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Questions Legality Of OpenAI Going From Non-Profit To For-Profit Amid Apple, Nvidia Investment Buzz</a>
Nvidia Analyst&#8217;s Take on Blackwell Delay An analyst at Morgan Stanley expressed confidence in Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) ahead of its earnings report, despite concerns about potential Blackwell shipment delays. According to the analyst, near-term business is strong and the Blackwell ramp-up is expected to occur this year.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40570314/top-nvidia-analyst-sees-no-major-impact-from-blackwell-delay-but-flags-one-caveat-h">Read the full article here.</a>
Former Tesla Autopilot Head Prefers AI-assisted Coding Andrej Karpathy, the former Tesla autopilot head, and ex-OpenAI researcher, expressed his preference for AI-assisted coding over traditional methods. He noted that programming is changing rapidly and his work now primarily involves writing English and reviewing generated diffs.
<a href="https://www.benzinga.com/news/24/08/40540066/former-tesla-autopilot-head-and-ex-openai-researcher-says-programming-is-changing-so-fast-that-he-ca">Read the full article here.</a>
US Unprepared for AI Warfare: Ex-General Chief and Former Google CEO Former Chairman of the Joint Chiefs of Staff Mark Milley and ex-Google CEO Eric Schmidt warned that the U.S. is unprepared for future conflicts involving AI. They noted that the U.S. military has not yet embraced AI and its troops are not fully ready to fight in an environment where they rarely enjoy the element of surprise.
<a href="https://www.benzinga.com/news/24/08/40546030/ex-general-chief-mark-milley-and-former-google-ceo-eric-schmidt-warn-us-is-unprepared-for-ai-warfare">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Lashes Out At Judge After Brazil&#8217;s Supreme Court Blocks Starlink&#8217;s Bank Accounts</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AAPL

AMZN

Apple Eyes OpenAI Stake, Nvidia's Blackwell Delay, US' AI Warfare Preparedness, And More: This Week In AI

The past week in the cryptocurrency world was nothing short of eventful. From increased regulatory scrutiny to high-profile speculations and market fluctuations, the crypto space kept everyone on their toes. Here&#8217;s a quick recap of the top stories that shaped the week.
Scaramucci Speaks Out Against SEC&#8217;s Crypto Scrutiny
Former White House Communications Director, Anthony Scaramucci, voiced concerns over the SEC&#8217;s increased oversight of cryptocurrency platforms. He suggested that this could potentially impact Vice President Kamala Harris&#8217; chances in the upcoming elections. The SEC, led by Gary Gensler, recently issued a Wells notice to NFT marketplace OpenSea, indicating an intent to sue the company.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40617471/former-trump-aide-anthony-scaramucci-says-secs-gary-gensler-wants-kamala-harris-to-lose-up">Read the full article here.</a>
Cryptocurrency Markets Dip Ahead of Key Data Releases
Cryptocurrency markets experienced a downward trend as traders awaited economic data releases and Nvidia&#8217;s earnings on Tuesday. Major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin all traded lower.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40587360/bitcoin-ethereum-dogecoin-slide-further-i-wonder-if-someone-knows-something-trader-wonders">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40645366/shiba-inu-lead-developer-shytoshi-kusama-reacts-as-kraken-adds-memecoin-as-new-collateral-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Lead Developer Shytoshi Kusama Reacts As Kraken Adds Memecoin As New Collateral — Burn Rate Fires 139103%</a>
Mark Cuban Questions SEC Chair&#8217;s Intentions
Billionaire investor and TV celebrity Mark Cuban threw a jibe at SEC Chair Gary Gensler, questioning if he is deliberately trying to weaken Senator Elizabeth Warren. Cuban insinuated that Gensler might be a covert supporter of pro-cryptocurrency attorney John Deaton.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40617032/mark-cuban-wonders-if-sec-chair-gary-gensler-is-doing-everything-in-his-power-to-end-eliza">Read the full article here.</a>
Major Cryptocurrencies Tank, Triggering Liquidations
The cryptocurrency market witnessed a dramatic plunge on Tuesday, triggering a wave of liquidations. Bitcoin fell below $59,000, marking its lowest level since Aug. 19, while Ethereum saw a steeper decline, plummeting to an intraday low of $2,400.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40591572/bitcoin-ethereum-dogecoin-tank-as-over-heated-longs-get-wiped-out-analyst-says-take-a-stoc">Read the full article here.</a>
Bitcoin Sell-Off Ahead of Nvidia Earnings Deemed &#8216;Technical&#8217;
Kelly Greer of digital asset company Galaxy Digital attributed the Bitcoin plunge below $60,000 as a &#8220;technical sell-off&#8221; ahead of Nvidia&#8217;s earnings call. She noted that over $1 billion worth of BTC was sold off early Wednesday morning, involving more than 17,000 coins.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40602092/1b-worth-of-bitcoin-sold-off-ahead-of-nvidia-earnings-is-technical-analyst-says">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40617032/mark-cuban-wonders-if-sec-chair-gary-gensler-is-doing-everything-in-his-power-to-end-eliza?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Wonders If SEC Chair Gary Gensler Is Doing &#8216;Everything In His Power&#8217; To End Elizabeth Warren&#8217;s</a></li>
</ul>
Photo courtesy: Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Scaramucci And Mark Cuban Speak Out Against SEC's Crypto Scrutiny, Market Dip Triggers Liquidations, And More: This Week In Crypto

BYDDF

BYD August Total Vehicle Production 366,973 Units Vs. 284,926 Units YoY; August Total Vehicle Sales 373,083 Units Vs. 274,386 Units YoY

It&#8217;s been a whirlwind week for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with news ranging from the highly anticipated iPhone 16 launch to unexpected layoffs. The tech giant is making headlines left, right, and center, and we&#8217;ve got all the juicy details for you.
Apple Boosts iPhone 16 Orders
In anticipation of its AI-equipped iPhone 16 launch, Apple has reportedly increased its orders for the new iPhones by over 10%. The company has directed suppliers to prepare components for roughly 88 to 90 million new iPhones, a significant increase from last year&#8217;s initial orders for the iPhone 15 series.
<a href="https://www.benzinga.com/markets/equities/24/08/40619402/apple-ramps-up-iphone-16-orders-by-over-10-ahead-of-september-launch-anticipating-surge-in-deman">Read the full article here.</a>
Analyst Predicts iPhone 16&#8217;s Impact on Apple Stock
Morgan Stanley analyst Erik Woodring has shared his insights on the upcoming iPhone 16 launch, stating that the new iPhone and Apple Intelligence could unlock pent-up demand. He also predicts an acceleration in the iPhone replacement cycle, which he believes is a &#8220;key factor&#8221; for Apple&#8217;s stock performance.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40645921/apple-intelligence-will-play-starring-role-in-iphone-16-launch-says-analyst-no-pric">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/08/40643433/elon-musk-lashes-out-at-judge-after-brazils-supreme-court-blocks-starlinks-bank-accounts-criminal-we?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Lashes Out At Judge After Brazil&#8217;s Supreme Court Blocks Starlink&#8217;s Bank Accounts</a>
Apple&#8217;s Glowtime Event
Apple has confirmed its annual iPhone launch event, named &#8220;Glowtime,&#8221; scheduled for Sept. 9. The event is expected to showcase a variety of new products, including the much-anticipated iPhone 16 series.
<a href="https://www.benzinga.com/news/24/08/40572621/apple-september-9-glowtime-event-heres-everything-cupertino-is-expected-to-launch">Read the full article here.</a>
Apple Cuts Jobs in Services Division
In an unexpected move, Apple has reportedly laid off about 100 employees from its services division. The layoffs primarily impacted teams responsible for the Apple Books app and Apple Bookstore.
<a href="https://www.benzinga.com/news/24/08/40592257/apple-lays-off-100-employees-in-services-division-including-key-teams-under-eddy-cue-responsible-for">Read the full article here.</a>
Wedbush Analyst Foresees &#8216;Historical Period&#8217; for Apple
As Apple gears up for its &#8220;Glowtime&#8221; event, Wedbush analyst Dan Ives predicts a &#8220;historical period&#8221; for the tech giant, sparked by the launch of the iPhone 16 series.
<a href="https://www.benzinga.com/news/24/08/40591783/apples-september-9-glowtime-event-featuring-iphone-16-launch-could-kickstart-a-historical-period-say">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40645921/apple-intelligence-will-play-starring-role-in-iphone-16-launch-says-analyst-no-pric?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Intelligence Will Play &#8216;Starring Role&#8217; In iPhone 16 Launch, Says Analyst</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

iPhone 16 Anticipation, Layoffs, Apple Intelligence's Impact, And More: This Week In Appleverse

The past week was filled with high-stakes economic predictions, political confrontations, and revealing corporate disclosures. From economist Peter Schiff sounding the alarm on potential Federal Reserve missteps to JD Vance criticizing Vice President Kamala Harris over a controversial Chinese battery plant, the news cycle was anything but dull. Here&#8217;s a closer look at the top stories.
Economist Peter Schiff Warns of Fed Misstep
As the dollar weakens in anticipation of Fed rate cuts, renowned economist Peter Schiff voiced his concerns about the potential inflationary impact of a weaker dollar. Schiff&#8217;s warning comes as the U.S. dollar hit an eight-month low against the Swiss franc.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Read the full article here.</a>
JD Vance Criticizes Kamala Harris Over Chinese Battery Plant
Republican vice presidential candidate J.D. Vance expressed strong opposition to the planned establishment of a Chinese battery plant in Michigan, attributing the decision to Democratic policies. Vance accused Vice President Kamala Harris of enabling Chinese battery maker Gotion to access clean-energy companies.
<a href="https://www.benzinga.com/news/24/08/40591746/jd-vance-lashes-out-at-kamala-harris-for-allowing-chinese-battery-plant-in-michigan-she-wants-to-pay">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40596411/nasdaq-s-p-500-futures-flatline-as-traders-await-earnings-report-from-ai-barometer-nvidia-fund-mana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Wall Street On Wait-and-Watch Mode Ahead Of Nvidia Earnings</a>
Dollar General&#8217;s Financial Struggles
Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) announced disappointing second-quarter earnings, attributing the results to financially strained lower-income consumers. The discount retailer&#8217;s core customers, primarily households earning less than $35,000 annually, are reportedly feeling more financially pressured than six months ago.
<a href="https://www.benzinga.com/markets/equities/24/08/40643827/dollar-general-says-majority-of-people-who-shop-there-feel-worse-off-financially-compared-with-6">Read the full article here.</a>
Former Trump Rival Warns Against Kamala Harris&#8217; Economic Policies
Vivek Ramaswamy, a former Republican presidential candidate and Donald Trump rival, criticized Kamala Harris‘ economic agenda, particularly her proposed price controls, citing the failures of such policies in other countries.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40569702/former-trump-rival-warns-against-kamala-harris-venezuelan-style-economic-policies-w">Read the full article here.</a>
Kamala Harris&#8217;s Lead Over Trump On Economy
Nobel Prize-winning economist Paul Krugman highlighted a Michigan survey revealing that Vice President Kamala Harris is leading Former President Donald Trump on economic issues. The survey indicates that Harris is favored over Trump on the economy by a margin of 41-38.
<a href="https://www.benzinga.com/news/24/08/40567353/kamala-harriss-lead-over-trump-on-economy-was-positive-for-the-last-three-months-notes-paul-krugman">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40650834/feds-preferred-inflation-gauge-falls-short-of-expectations-in-july-personal-spend?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Fed&#8217;s Preferred Inflation Gauge Falls Short Of Expectations In July, Personal Spending Accelerates</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Global

Economics

Schiff's Fed Warning, Vance's Critique Of Harris, Dollar General's Financial Woes, And More: This Week In Economics

As the week wraps up, we look back at a series of intriguing developments that unfolded in the political arena. From the intense face-off between Vice President Kamala Harris and former President Donald Trump to Elon Musk&#8216;s deepening political engagement, the past few days have been nothing short of eventful. Here&#8217;s a quick recap of the top stories:
Trump Vs. Harris: The Swing State Showdown
Noted pollster Nate Silver has predicted a 97% chance of Vice President Kamala Harris winning the Electoral College if she secures North Carolina. In his recent Silver Bulletin post, Silver emphasized the critical role of North Carolina, the third-most likely tipping state after Pennsylvania and Michigan.
<a href="https://www.benzinga.com/news/24/08/40623619/trump-vs-harris-polling-veteran-nate-silver-says-vice-president-has-97-chance-of-winning-electoral-c">Read the full article here.</a>
Mark Cuban Questions Trump&#8217;s Taxation Strategy
Billionaire entrepreneur Mark Cuban has expressed confusion over Trump&#8217;s commitment to revitalize the auto industry by taxing foreign nations. Cuban highlighted Trump&#8217;s promise to bring back jobs and factories to Michigan through this taxation strategy.
<a href="https://www.benzinga.com/news/24/08/40643937/mark-cuban-wants-someone-to-explain-to-him-how-trump-would-tax-a-foreign-nation">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/08/40665199/trump-vs-harris-nate-silver-says-former-president-now-ahead-of-vice-president-in-electoral-college-o?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Nate Silver Says Former President Now Ahead Of Vice President In Electoral College Odds After Adjusting For The DNC &#8216;Bounce&#8217;</a>
Elon Musk Dives Deeper into Politics
After endorsing Trump for president, Tesla CEO Elon Musk has hired Republican strategist Chris Young, signaling a deeper involvement in politics. Young, a seasoned political officer, is expected to steer Musk&#8217;s political activities and voter mobilization initiatives.
<a href="https://www.benzinga.com/news/24/08/40619332/after-endorsing-trump-for-president-elon-musk-now-hires-republican-strategist-signaling-a-deeper-div">Read the full article here.</a>
Trump&#8217;s Contentious Use of Foo Fighters Song
Trump&#8217;s use of the Foo Fighters song &#8220;My Hero&#8221; during a 2024 election rally has sparked controversy. The band has publicly stated that they did not grant permission for their song to be used by the former president.
<a href="https://www.benzinga.com/general/entertainment/24/08/40590249/trump-donates-to-harris-2024-election-campaign-by-using-foo-fighters-song-former-president-">Read the full article here.</a>
Harris Leads Betting Odds for 2024 Election
Despite a close race, Vice President Harris is leading the betting odds for the 2024 presidential election. While Harris has been leading in most polls, Trump&#8217;s odds with prediction markets remain competitive.
<a href="https://www.benzinga.com/general/politics/24/08/40566146/trump-in-trouble-vice-president-harris-leads-betting-odds-for-2024-election-heres-how-swing-stat">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/08/40615118/trump-vs-harris-former-president-posts-lead-in-key-swing-state-vice-president-gains-support-in-k?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs. Harris: Former President Posts Lead In Key Swing State, Vice President Gains Support In Key Voter Groups For Democrats</a></li>
</ul>
Photo courtesy: Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Trump Vs. Harris Polls, Musk Dives Deeper, Mark Cuban Questions Trump's Taxation Strategy, And More: This Week In Politics

Former President Donald Trump's <a href="https://www.benzinga.com/markets/cannabis/24/08/40666944/donald-trump-supports-cannabis-legalization-in-florida-game-changer-and-huge-blow-to-ron-desanti">Saturday announcement</a> that he is throwing his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana, elicited an immediate response from the cannabis industry. 
<a href="https://www.benzinga.com/topic/kim-rivers">Kim Rivers</a>,&nbsp;CEO of&nbsp; Florida&#8217;s largest medical marijuana company&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>), which has been a <a href="https://www.benzinga.com/markets/cannabis/24/08/40486924/ken-griffins-12m-donation-and-desantiss-anti-cannabis-pacs-face-off-against-pro-legalization-gro">huge financial backer</a> of Amendment 3, thanked the former president Trump.
Her comments on X were followed by former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer. 
<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">Thank you <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a>! "We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana."<a href="https://twitter.com/hashtag/YesOn3?src=hash&amp;ref_src=twsrc%5Etfw">#YesOn3</a> <a href="https://t.co/p5aXVSlCHQ">https://t.co/p5aXVSlCHQ</a>
&mdash; Kim Rivers (@rivers_kim) <a href="https://twitter.com/rivers_kim/status/1829895544329945322?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Boris Jordan, founder, chairman &amp; CEO of Curaleaf (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CURLF#OTC">CURLF</a>) pointed out what many have likely been thinking over the course of the past several months regarding the U.S. political landscape as we head into the <a href="https://www.benzinga.com/topic/2024-election">November 2024 elections</a>.
"This year&#8217;s election continues to be historic, and today we have two candidates who have publicly adopted pro-cannabis stances. It&#8217;s a milestone that both candidates are meeting U.S. voters where they&#8217;re at, as this is a bipartisan issue with the vast majority of Americans now in support of legalization in some form," said Jordan in a post on X. 
<h2 class="wp-block-heading">Trump Is Joining &#8216;Millions Of Americans&#8217; </h2>
"We welcome former President Trump&#8217;s comments on Amendment 3 in Florida, which would legalize adult use cannabis in the state. He joins millions of Americans who have reassessed their views on cannabis in recent years," said David Culver, SVP of Public Affairs for the US Cannabis Council in an email to Benzinga.
"Amendment 3 enjoys strong bipartisan support from Florida voters, and President Trump&#8217;s support could prove pivotal for meeting the 60% threshold required to become law. We look forward to hearing more from him about how he would approach cannabis reform if elected this November."
<h2 class="wp-block-heading">Governor Ron DeSantis?</h2>
So far no word from the governor who has been <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">outspoken about his opposition</a> to legalizing marijuana in Florida.
<h2 class="wp-block-heading">What Trump Said </h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3… at the same time, someone should not be a criminal in Florida, when this is legal in so many other states. We do not need to ruin lives &amp; waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana," Trump wrote on his&nbsp;<a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786" target="_blank" rel="noreferrer noopener">Truth Social platform</a>&nbsp;on Saturday.
Photo: Shutterstock

Cannabis

Government

Legal

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

TCNNF

Trump's Cannabis Endorsement - Marijuana Industry Responds: 'We Have Two Candidates' Who Are Pro-Marijuana

In his new book Save America, Donald Trump threatens Facebook founder Mark Zuckerberg <a href="https://www.benzinga.com/news/24/08/40666453/scaramucci-trump-is-in-trouble-and-he-knows-it-slams-him-on-conflicting-abortion-statements-hes-shot">with life imprisonment</a>.
What Happened: Trump&#8217;s book contains a direct threat aimed at Zuckerberg. The ex-president accuses the Facebook founder of conspiring against him during his tenure and issues a warning of harsh repercussions if he partakes in any unlawful activities in the forthcoming 2024 Presidential Election.
In the book, beneath a photo of Zuckerberg&#8217;s White House visit with Trump, the former president noted that Zuckerberg &#8220;would visit the Oval Office to meet me&#8221; and &#8220;often brought his very kind wife to dinners, being exceptionally pleasant, yet was simultaneously scheming to implement disgraceful Lock Boxes in a genuine plot against the President.&#8221;
&#8220;He told me there was nobody like Trump on Facebook. But at the same time, and for whatever reason, steered it against me. We are watching him closely, and if he does anything illegal this time he will spend the rest of his life in prison — as will others who cheat in the 2024 Presidential Election,&#8221; Trump said as quoted <a href="https://www.mediaite.com/news/trump-threatens-mark-zuckerberg-with-prison-for-the-rest-of-his-life-if-he-uses-facebook-to-cheat-in-2024-we-are-watching-him-closely/">by</a> Mediaite. 
In a recent correspondence with House Judiciary Committee Chairman Jim Jordan, Zuckerberg confessed that Facebook had erroneously downgraded The New York Post&#8217;s contentious story about Hunter Biden&#8217;s laptop in 2020.
Also Read: <a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1">Speaking At Rally, Trump Says &#8216;Weirdo&#8217; Mark Zuckerberg Once Came To White House For Dinner</a>
The Meta Platforms CEO acknowledged the mistake and in a statement on X, he assured that the firm has updated its policies to avert such occurrences in the future.
<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">JUST IN &#8211; Zuckerberg regrets working with the Biden-Harris administration to censor Covid era information online. <a href="https://t.co/vD4Ug5ebqh">pic.twitter.com/vD4Ug5ebqh</a>
&mdash; Disclose.tv (@disclosetv) <a href="https://twitter.com/disclosetv/status/1828208501925257631?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This is not the first instance where Trump has issued a threat to Zuckerberg. In July, on his platform Truth Social, Trump cautioned about severe measures against those involved in election fraud, indirectly referring to Zuckerberg&#8217;s investments in election infrastructure in 2020.
Why It Matters: The relationship between Trump and Zuckerberg has been fraught with tension, particularly during and after the 2020 Presidential Election. 
Trump&#8217;s accusations of election fraud and his subsequent removal from Facebook have only added fuel to the fire. 
This latest threat in Trump&#8217;s book is a clear indication of the ongoing feud between the two, with potential implications for Facebook&#8217;s role in future elections.
Read Next
<a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">Trump Threatens To Jail Meta&#8217;s Mark Zuckerberg And &#8216;Election Fraudsters&#8217; If Re-Elected</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Trump Warns Zuckerberg In Latest Book, Says He Could Be In Prison For The Rest Of His Life: 'We Are Watching Him Closely'

Elon Musk has suggested that his X social medial could face similar challenges in the U.S. as it did in Brazil if <a href="https://www.benzinga.com/news/24/07/39872015/teslas-elon-musk-recently-pledged-a-huge-donation-to-donald-trump-and-the-ex-president-returned-the">Kamala Harris wins the upcoming election.</a>
What Happened: Musk voiced his concern on X. He said 2024 has witnessed unparalleled attacks on free speech and that the U.S. could experience the same if Kamala Harris and her running mate, Tim Walz, come to power.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The attacks this year on free speech are unprecedented in the 21st century. It will happen in America too if Kamala/Walz gain power. Just listen to what they've said. <a href="https://t.co/TkHxCOcs1w">https://t.co/TkHxCOcs1w</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829624971909357576?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In Brazil, the X platform encountered legal hurdles when Supreme Court Judge Alexandre de Moraes demanded the suspension of its operations.
This move was triggered after Musk reportedly declined to assign a legal representative in Brazil. Following threats to its staff, X declared on August 17 that it would close its office in Brazil.
<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">&#120143; is the most used news source in Brazil. It is what the people want. Now, the tyrant de Voldemort is crushing the people's right to free speech. <a href="https://t.co/gR8aq3JzzU">https://t.co/gR8aq3JzzU</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829778143449698764?ref_src=twsrc%5Etfw">August 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk earlier accused de Moraes of infringing the Constitution by attempting to block accounts of supporters of ex-President Jair Bolsonaro.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures" target="_blank" rel="noreferrer noopener">What A Second Trump Presidency Would Mean For Elon Musk And His Many Ventures</a>
De Moraes launched an investigation into allegations that Musk utilized the X platform to disseminate disinformation and destabilize democratic institutions.
<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">They're shutting down the #1 source of truth in Brazil <a href="https://t.co/RasqcQ3ySM">https://t.co/RasqcQ3ySM</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829628052646564181?ref_src=twsrc%5Etfw">August 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The potential implications of this prediction are significant. If Musk&#8217;s predictions come to pass, it could mean a major shift in the landscape of social media platforms in the U.S. 
The X platform, which has been a major player in the social media space, could face legal and operational challenges similar to what it experienced in Brazil. 
This could impact the platform&#8217;s user base, revenue, and overall standing in the market. It also raises questions about the future of free speech and the role of social media platforms in political discourse.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40542027/elon-musk-asks-on-x-what-party-do-you-affiliate-with">Elon Musk Asks On X: What Party Do You Affiliate With?</a>

Elon Musk Says Kamala Harris Win Could Mean Trouble For X: 'It Will Happen In America Too If Kamala/Walz Gain Power'

The U.S. housing market has been tumultuous <a target="_blank" href="https://www.benzinga.com/economics/24/08/40259694/housing-inches-toward-buyers-market-as-mortgage-rates-fall-but-with-one-caveat-report" rel="noreferrer noopener">due to persistent interest rate hikes</a>.
However, an upward revision of<a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga"> U.S. gross domestic product growth</a> in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point&nbsp;<a href="https://www.benzinga.com/markets/equities/24/08/40627044/us-dollar-oil-prices-tech-stocks-rise-as-gdp-roars-by-3-in-q2-bonds-yen-slip-as-bets-for-large-r" target="_blank" rel="noreferrer noopener">rate cut next month.</a>
With mortgage rates expected to decrease, experts advise homebuyers to act swiftly to secure the best deals before the opportunity closes.
Looking ahead, several dynamic trends are set to shape the housing market.
According to a <a href="https://www.noradarealestate.com/blog/housing-market-forecast-for-next-5-years/" target="_blank" rel="noreferrer noopener">note</a> by Norada Real Estate Investments, the market will remain strong over the next five years, though it will experience some dramatic shifts. Home prices are projected to continue rising, but at a slower pace than in recent years, offering a more gradual increase. While the supply of homes is expected to grow, addressing the previous shortage should ease the inventory crunch that has driven prices up.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/08/40230627/a-ton-of-landlords-are-about-to-raise-rents-this-year" rel="noreferrer noopener">A Ton Of Landlords Are About To Raise Rents This Year</a>
Despite the Federal Reserve&#8217;s past rate hikes raising borrowing costs and dampening buyer enthusiasm, a gradual rate decline could rekindle demand and revitalize the market.
However, competition will remain fierce due to robust job growth, population expansion, and limited land availability.
<h3 class="wp-block-heading">2024 Forecast</h3>
The U.S. housing market is anticipated to slow, with home prices either stabilizing or seeing a slight decline. Zillow&#8217;s latest forecast for 2024 projects a 1.8% national increase in home values, indicating a period of market stability, Norada Real Estate Investments added.
Stock Opportunities
As home prices are expected to remain stable or increase modestly, homebuilders are likely to benefit from sustained demand and favorable conditions. This stability should support their revenue growth through ongoing construction and sales.
According to a June report by the<a href="https://www.nahb.org/blog/2024/06/pro-builder-housing-giants"> National Association of Home Builders</a>, the top three homebuilders by revenue, closings, and home types are:
<ul>
<li>D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>): DHI stock has surged over 58% in the past year. Wells Fargo recently raised its <a href="https://www.benzinga.com/quote/DHI/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast </a>to $220 from $210 while maintaining an Overweight rating. Investors can consider the iShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) for exposure.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>): LEN stock has risen more than 52% in the past year. Wells Fargo increased its price forecast to $195 from $185, also maintaining an <a href="https://www.benzinga.com/quote/LEN/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight </a>rating. The AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) offers a way to invest in Lennar.</li>
<li>Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>): TOL stock has jumped over 75% in the past year. Wedbush raised its<a href="https://www.benzinga.com/quote/TOL/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast</a> to $148 from $120, keeping a Neutral rating. The Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEZ#NASDAQ">PEZ</a>) provides investment exposure.</li>
</ul>
Overall, the U.S. housing market is poised for stability this year, with modest price increases and benefits for homebuilders. Prices are projected to rise 3-5% annually through 2029, while mortgage rates are expected to stabilize above pre-pandemic levels, Norada reported. This evolving landscape, marked by a shift towards suburban and rural demand and technological advancements, will require buyers and investors to remain informed and adaptable, the report added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40649198/housing-market-in-biggest-bubble-of-all-time-warns-reventure-ceo-this-situation-is-not-sustainable" target="_blank" rel="noreferrer noopener">Housing Market In &#8216;Biggest Bubble Of All Time,&#8217; Warns Reventure CEO: &#8216;This Situation Is Not Sustainable&#8217;</a></li>
</ul>

Equities

Macro Economic Events

General

iShares Dow Jones US Homenstruction Index Fund

PowerShares Dynamicnsumer Discretionary Sector Portfolio

Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?

The contentious Donald Trump biopic &#8220;The Apprentice&#8221; is scheduled for release <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">in the U.S. just ahead of the election.</a>
The Hollywood Reporter <a href="https://www.hollywoodreporter.com/movies/movie-news/trump-film-the-apprentice-release-date-awards-campaign-1235984424/" target="_blank" rel="noreferrer noopener">reports</a> that the film, which debuted at the Cannes Film Festival, will hit theaters in the U.S. on October 11, less than a month before the election.
In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers &#8220;Memory&#8221; and &#8220;The Marksman&#8221; and Michael Moore&#8217;s 2018 anti-Trump film &#8220;Fahrenheit 11/9,&#8221; <a href="https://www.theguardian.com/film/article/2024/aug/30/trump-apprentice-biopic" target="_blank" rel="noreferrer noopener">reported</a> The Guardian.
The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign.
Also Read:<a target="_blank" href="https://www.benzinga.com/general/entertainment/24/05/38946127/trump-movie-director-claps-back-at-criticism-lawsuit-threats-no-nice-metaphorical-way-to-de" rel="noreferrer noopener"> Trump Movie Director Claps Back At Criticism, Lawsuit Threats: &#8216;No Nice Metaphorical Way To Deal With Fascism&#8217;</a>
The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Jeremy Strong, set in 1980s New York City.
Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller &#8220;Holy Spider&#8221; that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject.
The film received a mixed reception following its premiere in May.
Peter Bradshaw of The Guardian labeled it as &#8220;obtuse and irrelevant,&#8221; while Owen Gleiberman from &#8220;Variety&#8221; commended it as &#8220;sharp and scathing.&#8221;
It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova.
Trump&#8217;s legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &#8220;malicious defamation.&#8221;
During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="http://The contentious Donald Trump biopic 'The Apprentice' is scheduled for release in the US just ahead of the election. The Hollywood Reporter reports that the film, which debuted at the Cannes Film Festival, will hit theaters in the US on October 11, just weeks before the election. In June, it was announced that the 80s-set drama was acquired by Briarcliff Entertainment, a relatively small company known for films like the Liam Neeson thrillers Memory and The Marksman and Michael Moore's 2018 sequel Fahrenheit 11/9, reported The Guardian. The distributor is now reportedly planning a limited festival run prior to the release, as well as an awards campaign. Also Read: Trump Movie Director Claps Back At Criticism, Lawsuit Threats: 'No Nice Metaphorical Way To Deal With Fascism' The film features Sebastian Stan portraying Trump under the mentorship of Roy Cohn, played by Succession's Jeremy Strong, set in 1980s New York City. Directed by Iranian filmmaker Ali Abbasi, known for his controversial thriller Holy Spider that led to death threats against lead actor Zar Amir Ebrahimi, the film promises a provocative take on its subject. The film received a mixed reception following its premiere in May. Peter Bradshaw of The Guardian labeled it as &quot;obtuse and irrelevant,&quot; while Owen Gleiberman from Variety commended it as &quot;sharp and scathing.&quot; It also attracted significant attention for a controversial scene depicting Trump assaulting his then-wife Ivana, played by Maria Bakalova. Trump's legal team issued a cease-and-desist letter to the filmmakers, labeling the movie as &quot;malicious defamation.&quot; During their 1990 divorce proceedings, Ivana Trump had initially accused him of sexual assault, though she later retracted the claim. Since the 1970s, at least 26 women have accused Trump of sexual assault or harassment, all of which he has denied, The Guardian added. Read Next: Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: 'Pure Malicious Defamation'">Trump Campaign Threatens Legal Action Over Controversial New Biopic About Ex-President That Received 8-Minute Ovation At Cannes: &#8216;Pure Malicious Defamation&#8217;</a></li>
</ul>
Photo: Shutterstock

Get Our Top Trade Ideas Delivered Daily - 65% Off Now'

Get Our Top Trade Ideas Delivered Daily - 65% Off Now'

Comments

Sigmabroadband

News

Latest news for Sigmabroadband (OTC:SGRB) Stock

Tuesday, January 23, 2018