Latest news for Track Group (OTC:TRCK) Stock

Track Group Inc designs, manufactures, and markets location-tracking devices and develops and sells a variety of related software, services, accessories, networking solutions, and monitoring applications. Its products and services include ReliAlert XC4, TrackerPAL, TrackerPAL Mobile, a portfolio of software applications including predictive analytics, a device-agnostic operating system, and a variety of accessories, services, and support offerings. The company sells products across the world through its direct sales team and resellers. It sells to government customers on federal, state, and local levels in the United States and to members of the Ministry of Justice internationally. Geographically, it derives a majority of its revenue from the United States.

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Track Group Inc

The United States is favored to win the most medals — and gold medals — at <a href="https://drupal-cloudfront.benzinga.com/topic/2024-summer-olympics">the 2024 Summer Olympics</a>.
And the U.S. men's basketball team could bring home one of those gold medals.
What Happened: The <a href="https://www.benzinga.com/general/sports-betting/24/07/39678086/bronny-james-to-win-nba-rookie-of-the-year-summer-league-debut-not-scaring-away-bettors-he">balance of international players</a> in the National Basketball Association in recent years could be a key topic at the Olympic Games, which take place from <a href="https://www.benzinga.com/general/sports-betting/24/07/39989579/6-stocks-going-for-gold-during-2024-summer-olympics-biggest-event-in-company-history">July 26 through Aug. 11</a>.
Back in 1992, only nine NBA players were featured on teams the U.S. Men's Basketball team played against. 
At the 2024 Olympics, the figure <a href="https://x.com/HoHighlights/status/1815743319529464011">jumps </a>to 61.
Team USA has one of its best-ever basketball teams for the Olympics. Observers are drawing comparisons to the 1992 Olympic gold medal-winning squad known as the "Dream Team."
The 2024 team is led by LeBron James, competing in his fourth Olympics, and Steph Curry, who will compete in his first Olympics.
The 1992 Olympics team was led by Michael Jordan and featured many all-time greats of the NBA of the 1990s. The team went undefeated during the Olympics, winning games by an average of 44 points. The Dream Team's closest game was a 32-point victory over Croatia in the gold medal game.
Team USA has won 16 gold medals, one silver medal and two bronze medals at the Summer Olympics, including four straight gold medals.
But in recent years, Team USA has struggled on the international stage, including no medals won at the 2019 and 2023 FIBA World Cups. The recent performance led to more NBA stars, including Curry, willing to play in this year's Olympics.
Team USA won its tune-up games before the Olympics started, but done so with lower point margins than many fans and sportsbooks predicted.
This includes USA beating South Sudan by only one point, a team it was favored to beat by 41.5 points. USA also beat Germany by only four points in a game it was favored by 15.5 points in.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/07/39940590/scottie-scheffler-gold-medalist-golfer-looks-to-turn-2024-pga-tour-success-into-a-2024-oly" target="_blank" rel="noreferrer noopener">Scottie Scheffler, Gold Medalist? Golfer Looks To Turn 2024 PGA Tour Success Into A 2024 Olympic Medal</a>
Olympic Schedule: Team USA is part of Group C at the 2024 Summer Olympics and will play three games in the group stage against the other group teams, who are Serbia, Puerto Rico and South Sudan.
Below is the current <a href="https://www.usab.com/teams/5x5-mens-olympics/schedules">schedule </a>for Team USA and which Comcast Corp-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) channel the games will air (all games will stream on Peacock as well):
<ul>
<li>July 28: vs. Serbia 11:15 a.m. ET on NBC</li>
<li>July 31: vs. South Sudan 3 p.m. ET on USA</li>
<li>Aug. 3: vs. Puerto Rico 11:15 a.m. ET on NBC</li>
</ul>
Team USA will continue advancing if they finish in first or second in the group stage. The top two third-place teams from the group stage will also advance to the quarterfinals.
The gold medal game will be played on Aug. 10 at 3:30 p.m. ET.
Betting Odds: Team USA is the heavy betting favorite to take home the gold medal at the 2024 Summer Olympics, but the tournament features many teams with NBA players.
Canada's roster includes 10 NBA players, including Shai Gilgeous-Alexander. France features several NBA players including reigning Rookie of the Year Victor Wembanyama. Serbia also features Nikola Jokic, who has won three of the last four NBA MVP awards.
Here are the current favorites to win the gold medal in Men's Basketball, as reported by sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>):
<ul>
<li>USA: -500</li>
<li>Canada: +1,100</li>
<li>France: +1,200</li>
<li>Serbia: +1,600</li>
<li>Greece: +2,000</li>
<li>Germany: +3,000</li>
</ul>
A $100 bet on Team USA to win gold would pay out a profit of $20 if they are champions during the 2024 Summer Olympics.
Team USA has odds of -1,800 to win Group C and odds of -3,500 to win a medal.
Bettors can also bet on which player on Team USA will have the most points, rebounds and assists in the tournament and several other prop markets. LeBron and Curry are the co-favorites at +300 to lead USA in points.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/07/39973454/do-summer-olympics-and-gold-medals-matter-to-the-stock-market-the-results-may-surprise-you">Do Summer Olympics (And Gold Medals) Matter To The Stock Market? The Results May Surprise You</a></li>
</ul>
Image: Shutterstock

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DKNG

USA Men's Basketball Team Heavily Favored In 2024 Summer Olympics: Can LeBron James, Steph Curry And Team Live Up To Dream Team Comparisons?

In a recent <a href="https://youtu.be/36cvblilqe8?si=XWKt14BKCVhrpx40&amp;t=2081">interview</a>, <a href="https://www.benzinga.com/fintech-awards/anthony-scaramucci?">Anthony Scaramucci</a>, founder of SkyBridge Capital and former White House Communications Director, shared his thoughts on the chaotic state of American politics and its impact on the financial markets. Known for his candid insights, Scaramucci didn&#8217;t hold back in his assessment.
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<h2 class="wp-block-heading">Markets Thrive on Chaos</h2>
Scaramucci kicked off by highlighting an unexpected market sentiment. &#8220;The markets like sh&#x2A;t shows,&#8221; he said bluntly. He explained that financial markets actually thrive on chaos and split governments, appreciating the inertia that often comes with such scenarios. &#8220;I think the FED has generally done a good job. The markets absorb the pain of 2022 and the rate hikes,&#8221; he added.
He argued that the Federal Reserve (FED) is still the primary driver of market dynamics: &#8220;Ultimately, this is still a Fed-driven market.&#8221; He also suggested that regardless of who wins the next election, the markets anticipate FED rate cuts by the end of the year.
Trending: 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>
<h2 class="wp-block-heading">Biden Better For Business</h2>
Scaramucci also stated, &#8220;If you look at who&#8217;s better for capitalism and who&#8217;s better for the economy, it&#8217;s actually Joe Biden.&#8221; &#8220;But Trump has a perception because of The Apprentice and pro-business and this sort of thing that he would be better,&#8221; explained Scaramucci, who turned from a Trump supporter and associate in the past couple of years to a harsh and blunt critic.
Scaramucci also revealed Trump&#8217;s greatest fears and dislikes among politicians. &#8220;The number one Democrat that Trump was most scared of was Joe Biden,&#8221; he said, referencing Trump&#8217;s attempts to undermine Biden through his supposed dealings with Zelenskyy.
As for personal dislikes, Trump's animosity toward John McCain was unparalleled, according to Scaramucci. He recounted his failed attempt to get Trump to visit the ailing McCain, noting, &#8220;Trump was maniacal with the hatred of John McCain. A war hero, a veteran, a patriot – all the things that Trump is incapable of.&#8221;
See Also: 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>?
<h2 class="wp-block-heading">Comments On Kamala Harris And Cryptocurrency</h2>
With President Joe Biden stepping out of the race, Scaramucci talked about what the Democrats might do next in another recent <a href="https://www.youtube.com/live/mFTI1NtBlBg">podcast</a>. He mentioned that the <a href="https://www.benzinga.com/24/07/39901896/anthony-scaramucci-says-kamala-harris-will-have-historic-win-against-trump-if-the-vice-president-doe">party likes to focus on identity politics</a> and emphasized the importance of having Kamala Harris, the first African American woman vice president, on the ticket.&nbsp;
According to him, if Harris secures the nomination and presents herself with the same competence and confidence as Condoleezza Rice, she will win the election. &#8220;If Harris shows up like she has over the last three and a half years, she&#8217;s going to get trounced,&#8221; he explained. &#8220;But if she shows her true capability, unguarded and unintimidated, she will achieve a historic win,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/KamalaHarris?ref_src=twsrc%5Etfw">@KamalaHarris</a> is capable and has a great team. I like where we're going and look forward to seeing her policies on crypto. <a href="https://t.co/b2GSsvK9Pc">https://t.co/b2GSsvK9Pc</a>
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1816266850650435659?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trending: Can you guess which type of investments Morgan Stanley says will reach $2.7 trillion by 2027?<a href="https://www.benzinga.com/money/percent"> It even offers up to 20% APY potential to accredited investors up to $300 back in bonus for new users.</a>
In a recent post on X, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948413/trump-era-white-house-official-anthony-scaramucci-says-kamala-harris-is-capable-and-has-a-">praised Harris and her team</a>, particularly looking forward to her policies on cryptocurrency. &#8220;Kamala Harris is capable and has a great team. I like where we&#8217;re going and look forward to seeing her policies on crypto,&#8221; he stated.
He&#8217;s confident that Harris&#8217;s administration <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948413/trump-era-white-house-official-anthony-scaramucci-says-kamala-harris-is-capable-and-has-a-">would handle cryptocurrency regulations effectively</a>. &#8220;We have to give her some time to get her policies. I think it will be a dramatic new generation reset for the Democrats,&#8221; Scaramucci said.
Anthony Scaramucci&#8217;s thoughts give us a lively view of how politics can affect the economy. It&#8217;s important to see the whole picture, though. Both Biden and Trump bring different strengths and perceptions to the table. While Scaramucci argues that Joe Biden might be better for the economy, citing his policies, he acknowledges that Trump has a strong pro-business image that resonates with many. The mix of political leadership, market behavior, and regulations shapes our economic future. Understanding these factors helps us better handle the ups and downs of the financial markets.
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Startups

The Markets Like Sh*T Show, Split Governments And Inertia, Says Anthony Scaramucci – 'This Is Still A Fed Driven Market'

The Saver&#8217;s Match, created by the SECURE 2.0 Act of 2022, is poised to transform retirement savings for low-income workers, and could bring a whole new audience <a href="https://www.benzinga.com/personal-finance/24/07/39874181/irs-finalizes-10-year-rule-for-retirement-withdrawals-making-things-even-more-insanely-complicat">to financial advisors. </a>Set to launch in 2027, this program will convert the existing Saver&#8217;s Credit into a federal government match, offering up to $1,000 at a rate of 50 cents per dollar contributed.
According to the Employee Benefit Research Institute, at least 21.9 million workers will qualify for the Saver&#8217;s Match. However, industry experts are scrambling to ensure its effective implementation by the 2027 deadline.
Kim Olson from the Pew Charitable Trusts is leading efforts to assist the Treasury and IRS in launching the program, according to <a href="https://www.planadviser.com/scramble-make-savers-match-work/">planadviser</a>. Key focus areas include simplicity, efficiency, and awareness. Pew has convened working groups to address program publicity, eligibility identification, and fund distribution coordination.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39992214/russell-2000-notches-third-week-of-gains-strongest-streak-since-august-2022-small-c">Russell 2000 Notches Third Week Of Gains, Strongest Streak Since August 2022: Small Caps Serve &#8216;As Economic Barometer,&#8217; Analyst Says</a>
Emerson Sprick of the Bipartisan Policy Center highlights the Saver&#8217;s Match as a significant improvement over the current Saver&#8217;s Credit, which faces issues such as low federal income tax liability among its target group and lack of awareness.
One major challenge is the &#8220;plumbing&#8221; with recordkeepers. Spencer Williams of the Retirement Clearinghouse suggests that the existing Portability Services Network could be adapted to support the Saver&#8217;s Match, providing a system for participant identification, account matching, and fund transfers.
Implementation hurdles include coordinating with state retirement programs, many of which use post-tax Roth accounts that currently can&#8217;t receive government funds. Solutions may involve creating separate pre-tax accounts for eligible participants.
Experts stress the importance of a robust public awareness campaign to ensure eligible workers know about and utilize the program. They hope the IRS will prominently feature the Saver&#8217;s Match during tax filing season.
Despite the challenges, the Saver&#8217;s Match represents a significant investment in low-to-moderate income workers&#8217; retirement savings. Its successful implementation could potentially reduce future reliance on other social assistance programs, making it a crucial development for both beneficiaries and the U.S. retirement system as a whole &#8211; and could create a new clientele for financial advisors.
Read Next:
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<li><a href="https://www.benzinga.com/general/sports-betting/24/07/39989579/6-stocks-going-for-gold-during-2024-summer-olympics-biggest-event-in-company-history">6 Stocks Going For Gold During 2024 Summer Olympics: &#8216;Biggest Event&#8217; In Company History</a></li>
</ul>
Photo: Shutterstock

Government To Match Retirement Savings For Millions Of Workers, Opening New Opportunities For Financial Advisors

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