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Alkami Technology Inc is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

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Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) reported a twofold surge in cryptocurrency volumes in the third quarter.
What Happened: The company released its <a href="https://www.benzinga.com/pressreleases/24/10/g41635712/robinhood-reports-third-quarter-2024-results">financials </a>after Wednesday&#8217;s closing bell and revealed a cryptocurrency notional trading volume of $14.4 billion, up 112% from last year.
Jason Warnick, Chief Financial Officer, said during the earnings call that notional volumes passed the $5 billion mark in October alone, and was set to surpass the third-quarter monthly average.
The surge in volumes helped power cryptocurrency-related revenue to $61 million, up 165% year-over-year.
The total quarterly revenue came in at $637 million, which missed the analyst consensus estimate of $650.67 million.
Robinhood also reported a notable increase in cryptocurrency rebates. The rebates have risen to 48 basis points in October, up from an average of 44 basis points in Q3, and 35 basis points at the start of the year.
The company's cryptocurrency arm, Robinhood Crypto, allows users to trade in popular coins such as Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), Dogecoin (CRYPTO: DOGE),&nbsp;and others.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41632012/why-clearer-regulations-are-unlocking-wall-streets-move-into-digital-assets">Why Clearer Regulations Are &#8216;Unlocking&#8217; Wall Street&#8217;s Move Into Digital Assets</a>
Why It Matters: This surge in cryptocurrency volumes and rebates comes in the wake of Robinhood&#8217;s recent initiatives to expand its trading offerings. 
Robinhood launched <a href="https://www.benzinga.com/news/24/10/41573989/harris-vs-trump-robinhood-launches-election-event-contracts-for-traders-as-2024-presidential-race-he">presidential election event contracts</a> through its subsidiary, Robinhood Derivatives, LLC (RHD) earlier this week. These contracts allow users to trade based on predictions of the 2024 presidential election outcome. 
Initially, these contracts were made available to a select group of customers who met certain criteria, including U.S. citizenship, but CEO&nbsp;Vlad Tenev confirmed on the call that the product has been rolled out to 100% of customers.
CEO&nbsp;Vlad Tenev said that the company wanted to win the &#8220;active trader market&#8221; with the launch of the product.
Price Action: Shares of Robinhood plunged 12.4% in after-hours trading, after closing 0.64% higher at $28.21 during Tuesday&#8217;s regular session.
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41632648/ubisoft-launches-blockchain-game-with-nfts-priced-as-high-as-64-000">Ubisoft Launches Blockchain Game With NFTs Priced As High As $64,000</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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HOOD

Robinhood Crypto Volumes Double in Q3; October Number Set To Exceed Quarterly-Average At $5B, Says CFO

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announced during its <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">first-quarter earnings call</a> that its artificial intelligence business is on track to surpass $10 billion in annual revenue run rate next quarter, marking the fastest-growing business segment in the company&#8217;s history.
What Happened: CEO Satya Nadella highlighted the rapid adoption of AI across the company&#8217;s product portfolio, emphasizing strong customer demand and widespread enterprise implementation.
&#8220;AI-driven transformation is changing work, work artifacts and workflow across every role, function, and business process, helping customers drive new growth and operating leverage,&#8221; Nadella said during the earnings call.
&#8220;Our AI business is on track to surpass an annual revenue run rate of $10 billion next quarter, which will make it the fastest business in our history to reach this milestone,&#8221; Nadella said. 
Key developments driving AI growth include:
<ul>
<li>Nearly 70% of Fortune 500 companies now use Microsoft 365 Copilot</li>
<li>Azure OpenAI Service usage more than doubled over the past six months</li>
<li>GitHub Copilot enterprise customers increased 55% quarter-over-quarter</li>
</ul>
CFO Amy Hood emphasized the strategic importance of AI investments, noting that &#8220;only 2.5 years in, our AI business is on track to surpass $10 billion of annual revenue run rate in Q2. This will be the fastest business in our history to reach this milestone.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41642374/cathie-wood-shuffles-her-tech-deck-continues-dumping-tesla-and-palantir-stocks-up-on-amd-and-met">Cathie Wood Shuffles Her Tech Deck: Continues Dumping Tesla And Palantir, Stocks Up On AMD And Meta</a>
Why It Matters:&nbsp;The company&#8217;s Azure cloud service saw 33% growth, with AI services contributing approximately 12 points to that growth. However, Microsoft acknowledged that demand continues to exceed available capacity, prompting increased infrastructure investments.
The rapid growth in AI revenue comes as Microsoft reported overall revenue of $65.6 billion for the first quarter, up 16% year-over-year, with Microsoft Cloud revenue reaching $38.9 billion, <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">representing 22% growth</a>.
Price Action: Microsoft Corp&#8217;s stock closed at $432.53 on Wednesday, up 0.13% for the day. In after-hours trading, the stock declined by 3.71%. Year-to-date, Microsoft shares have seen a notable gain of 16.63%, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41643021/mark-zuckerberg-says-metas-open-source-gambit-is-paying-off-as-nvidia-and-amd-optimize-for-llama">Mark Zuckerberg Says Meta&#8217;s Open-Source Gambit Is Paying Off As Nvidia And AMD Optimize For Llama: &#8216;A Big Deal On Several Fronts&#8217;</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

Tech

MSFT

Microsoft's AI Business Set To Hit $10B Revenue Milestone In Q2: Satya Nadella Says It Is The 'Fastest Business In Our History'

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg revealed during the company&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">third quarter 2024 earnings call</a> that Meta is developing its next-generation AI model, Llama 4, using what he described as an unprecedented computing infrastructure of more than 100,000 NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H100 GPUs.
What Happened: &#8220;We&#8217;re training the Llama 4 models on a cluster that is bigger than 100,000 H100s or bigger than anything that I&#8217;ve seen reported for what others are doing,&#8221; Zuckerberg said during the earnings call. 
The new models are expected to be ready in early 2025, with smaller versions launching first.
Zuckerberg also highlighted how Meta&#8217;s open-source approach to Llama is yielding benefits through chip optimization from major semiconductor manufacturers. &#8220;What we&#8217;re seeing is that as Llama gets adopted more, you&#8217;re seeing folks like NVIDIA and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) optimize their chips more to run Llama specifically well, which clearly benefits us,&#8221; he explained.
The Meta CEO drew parallels to the company&#8217;s previous success with its Open Compute Project, noting that sharing technological designs led to industry standardization and cost savings. This strategy appears to be repeating with Llama, as chip manufacturers optimize their hardware specifically for the AI model.
The upcoming Llama 4 is expected to feature significant improvements over its predecessor, with Zuckerberg indicating it will be &#8220;a big deal on several fronts, new modalities, capabilities, stronger reasoning, and much faster.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41638933/riot-platforms-stock-falls-after-worse-than-expected-q3-results">Riot Platforms Stock Falls After Worse-Than-Expected Q3 Results</a>
Why It Matters: The development of Llama 4 is a significant step for Meta Platforms, especially given the company&#8217;s recent strong financial performance. Meta Platforms reported third-quarter revenue of $40.59 billion, beating <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">analyst estimates</a> of $40.29 billion. The company also reported third-quarter adjusted earnings of $6.03 per share, surpassing analyst estimates of $5.25 per share.
Despite this, Meta Platforms has faced some internal challenges, including the recent firing of approximately two dozen employees, including one earning $400,000 per year, for <a href="https://www.benzinga.com/startups/24/10/41565180/a-400kyear-meta-employee-fired-for-violating-meal-credit-policy-bought-tea-and-toothpaste-calls-it-a">violating the company&#8217;s meal credit rules</a>.
Price Action: Meta stock closed at $591.80, down 0.25% on Wednesday. In after-hours trading, the stock declined further, dropping 3.18%. Year to date, Meta has shown substantial growth, surging by 70.90%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">Microsoft Q1 Earnings Highlights: &#8216;AI-Driven Transformation Is Changing Work,&#8217; Company Beats Revenue, EPS Estimates</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Mark Zuckerberg Says Meta's Open-Source Gambit Is Paying Off As Nvidia And AMD Optimize For Llama: 'A Big Deal On Several Fronts'

U.S. stock indices closed lower on Wednesday, as the Dow Jones Industrial Average slipped 0.2% to 42,141.54, while the S&amp;P 500 edged down 0.3% to 5,813.67. The Nasdaq saw a steeper decline, falling nearly 0.6% to 18,607.93.
The U.S. economy <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41623984/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000">expanded by 2.8% in the third quarter</a>, missing expectations of 3% growth, while the ADP report showed a strong October increase in private payrolls with 233,000 jobs added, well above forecasts. 
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) closed the day with a slight decrease of 0.25% at $591.8. The stock hit an intraday high of $601.2 and a low of $589.38. Its 52-week range is $296.86 to $602.95. Meta reported <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">third-quarter revenue</a> of $40.59 billion, surpassing analyst estimates of $40.29 billion. The company also reported adjusted earnings of $6.03 per share, beating analyst estimates of $5.25 per share. 
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) saw a marginal increase of 0.13%, closing at $432.53. The stock&#8217;s intraday high and low were $438.5 and $432.1, respectively, with a 52-week range between $334.69 and $468.35. Microsoft reported a first-quarter revenue of $65.60 billion, <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">up 16% year-over-year,</a> beating the Street consensus estimate of $64.51 billion.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet &#8216;Leaning Into The Living Room Experience&#8217;</a>
Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) ended the day with a 0.64% increase at $28.21. The stock reached an intraday high of $28.58 and a low of $27.55. Its 52-week range is $7.91 to $28.58. Robinhood reported <a href="https://www.benzinga.com/news/earnings/24/10/41636963/robinhood-stock-drops-after-q3-revenue-miss-details">quarterly earnings</a> of 17 cents per share, meeting the analyst consensus estimate. However, its quarterly revenue of $637 million missed the analyst consensus estimate of $650.67 million. 
Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) plunged 32.68% to close at $33.07. The stock&#8217;s intraday high was $38, and it hit a low of $32.2. Its 52-week range is $22.66 to $122.9. Super Micro Computer's shares plunged after its auditor, Ernst &amp; Young, resigned, citing <a href="https://www.benzinga.com/trading-ideas/movers/24/10/41625460/super-micro-computer-stock-dives-as-auditor-resigns-whats-going-on">governance, transparency, and ethical concerns</a>. In response, Super Micro's board appointed a special committee to investigate the issues raised.
Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) closed down 3.61% at $211.74. The stock&#8217;s intraday high and low were $220.46 and $209.47, respectively, with a 52-week range of $73.56 to $283.48. The cryptocurrency exchange that allows users to trade in digital assets like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) reported <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41637702/coinbase-q3-earnings-highlights-revenue-miss-eps-miss-transaction-revenue-falls-from-q2">third-quarter revenue</a> of $1.21 billion, missing the Street consensus estimate of $1.26 billion. 
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41568577/elon-musk-channels-warren-buffett-as-teslas-stock-booms-after-strong-q3-having-a-publicly-traded?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Channels Warren Buffett As Tesla&#8217;s Stock Booms After Strong Q3: &#8216;Having A Publicly Traded Company Is Like…&#8217;</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

$BTC

$ETH

COIN

SMCI

Meta, Microsoft, Robinhood, Super Micro, And Coinbase: Why These 5 Stocks Are On Investors' Radars Today

MariMed Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>), a prominent multi-state cannabis operator is doubling down on its growth strategy by launching manufacturing operations in Missouri while expanding capacity in Illinois. 
With Missouri marking its sixth state of operation, MariMed aims to extend its <a href="https://www.benzinga.com/topic/edibles">branded product range</a>, including Betty's Eddies fruit chews and Bubby's Baked confections, across the state by late November, tapping into Missouri's burgeoning market just in time for the holidays.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Missouri's Fast-Growing Market</h3>
MariMed's chief revenue officer Ryan Crandall <a href="https://www.globenewswire.com/en/news-release/2024/10/30/2971587/0/en/MariMed-Commences-Manufacturing-Operations-in-Missouri.html">expressed optimism</a> about the Missouri expansion. "Expanding our branded products into Missouri has been a key goal for us.<a href="https://www.benzinga.com/topic/missouri-cannabis"> Missouri's fast-growing market </a>is eager for high-quality products." 
Until regulatory approval for license transfer is granted, MariMed will operate the Missouri facility under a Managed Services Agreement (MSA).
<h3 class="wp-block-heading">Strategic Growth In Illinois: A $496 Million Market</h3>
MariMed&#8217;s expansion in Illinois is critical to its growth, as the state accounted for 40-45% of the company's sales in Q3, amid a $496 million cannabis market driven primarily by recreational sales.&nbsp;
Analyst<a href="https://www.benzinga.com/topic/pablo-zuanic"> Pablo Zuanic</a> from Zuanic &amp; Associates <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41536686/can-marimeds-7-7m-illinois-cannabis-expansion-turn-the-tide-in-a-496m-market">emphasizes the significance of Illinois</a>, despite challenges like declining per capita spending ($160) and reduced per-store revenue, which dropped to $8.8 million annually.&nbsp;
To capture more market share, MariMed is investing $7.7 million in a new 14,000-square-foot cultivation site, expected to start sales by early 2025, capitalizing on Illinois' high wholesale prices and increasing its production capabilities.
Read Also:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41561831/m-a-frenzy-and-deflation-post-election-which-companies-are-ready-to-win-big-in-flor"> M&amp;A Frenzy And Deflation Post-Election: Which Companies Are Ready To Win Big In Florida&#8217;s Cannabis Market</a>
<h3 class="wp-block-heading">Mixed Results Across State Markets</h3>
In other states, MariMed's performance varies with market dynamics. <a href="https://www.benzinga.com/topic/maryland-cannabis">Maryland's mature cannabis market </a>yielded $292 million in Q3 sales, an 8% increase year-over-year.&nbsp;
Meanwhile, <a href="https://www.benzinga.com/topic/massachusetts-cannabis">Massachusetts </a>faced price deflation, leading to a 17% drop in branded sales.&nbsp;
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41613366/beyond-beer-tilrays-1-67-billion-market-play-is-this-cannabis-giant-still-a-smart-b"> Beyond Beer, Tilray&#8217;s $1.67 Billion Market Play: Is This Cannabis Giant Still A Smart Buy?</a>

Cannabis

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Contracts

Retail Sales

Management

Real Estate

MRMD

Edibles Surge In The Heartland: MariMed's Play For Missouri And Illinois Cannabis Dominance

The cryptocurrency market frenzy paused Tuesday as Bitcoin remained rangebound below its all-time high.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.27%</td>
<td>$72,106.26</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.32%</td>
<td>$2,656.70</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.54%</td>
<td>$0.1683</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world's largest cryptocurrency almost set a new all-time high Monday before traders started to take profits.
On Tuesday, Bitcoin was glued in the $72,000 region, hitting an intraday high of $72,905 early in the evening.
Ethereum reversed course after breaking $2,700 briefly in the early morning hours.
Total cryptocurrency liquidations exceeded $100 million over the last 24 hours, with $62 million in bullish leveraged bets getting wiped out.
Bitcoin's Open Interest rose 0.20% in the last 24 hours, in line with the sideways movement of the spot price.
Additionally, more than 61% of all derivatives traders with open positions were short on Bitcoin, according to the Long/Short Ratio.
"Extreme Greed" engulfed the market, as per the Cryptocurrency Fear and Greed Index, raising fears of a potential correction.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Maker (MKR)</td>
<td>+8.45%</td>
<td>$1,245.43</td>
</tr>
<tr>
<td>Chainlink (LINK)</td>
<td>+5.24%</td>
<td>$12.37</td>
</tr>
<tr>
<td>Aave (AAVE)</td>
<td>+4.53%</td>
<td>$156.93</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.42 trillion, following a contraction of 0.15% in the last 24 hours.
Stocks pulled back from Tuesday&#8217;s highs. The Dow Jones Industrial Average slipped 91.51 points, or 0.22%, to end at 42,141.54. The S&amp;P 500 fell 0.33% to close at 5,813.67, while the tech-focused Nasdaq Composite tumbled 0.56% from its record close from the previous day, ending at 18,607.93.
Investors parsed <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41623984/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000">key macroeconomic data</a>, including slower-than-expected U.S. GDP growth in the third quarter and higher-than-expected private employment growth in October.
The market has priced in a more than 95% possibility of the Federal Reserve cutting interest rates by 0.25% at its FOMC meeting next week, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Michaël van de Poppe noted that Bitcoin was approaching its new all-time high faster than what he previously predicted.
"I think $80,000 in November, $90,000-100,000 in December, and altcoins to strongly outperform as yields are going to drop," the analyst issued a fresh projection.
<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">It was less than 2-4 weeks and we&#39;ve got close to the all-time high for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. What&#39;s next? I think $80,000 in November, $90,000-100,000 in December and <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> to strongly outperform as Yields are going to drop. <a href="https://t.co/tsPmdZJwAl">https://t.co/tsPmdZJwAl</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1851640217402499145?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Similarly, he predicted Ethereum to top the $3,000 level in November.
<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/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> took the liquidity and ran back up to resistance. I think we&#39;ll break through it in the next 1-2 weeks and see $3,000+ in November. <a href="https://t.co/m96p7YyXuC">pic.twitter.com/m96p7YyXuC</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1851617552788845028?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
J.A. Maartunn, author at on-chain analytics firm CryptoQuant, drew attention to the growing retail investor demand for Bitcoin, which hit its highest level in seven months.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f631; Retail Investor Demand Hits Highest Level in 7 Months <a href="https://t.co/BLF83Kctrr">pic.twitter.com/BLF83Kctrr</a>
&mdash; Maartunn (@JA_Maartun) <a href="https://twitter.com/JA_Maartun/status/1851709487423401986?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
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Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41635149/2024-election-odds-on-polymarket-kalshi-show-trump-will-win-why-they-might-be-wrong">2024 Election Odds On Polymarket, Kalshi Show Trump Will Win: Why They Might Be Wrong</a></li>
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Movers

Trading Ideas

$DOGE

Bitcoin, Dogecoin Cool Down, Ethereum Gains As Stocks Reverse On Q3 GDP Numbers: Analyst Predicts BTC At $80K In November, $90K-100K By December

Tesla&#8217;s futuristic <a href="https://www.benzinga.com/topic/cybertruck">Cybertruck</a> has been a hot topic since its release. It is known for its bold design and promises of robust performance, but now that it&#8217;s on the road, not every owner gets the smooth ride they expected.&nbsp;
One frustrated owner took matters into his own hands when Tesla&#8217;s service team couldn&#8217;t fix a persistent issue with his vehicle. Here's how he did it with a $12 part.
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<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a></li>
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<h2 class="wp-block-heading">A Whistle That Wouldn't Quit</h2>
When this Cybertruck owner first received his vehicle, the cabin was impressively quiet. Unfortunately, a factory defect in the windshield forced him to replace it and the problems began. After the windshield replacement, a high-pitched whistle started making highway drives unbearable. The noise – a piercing whistle at higher speeds – wasn't just annoying; it turned a futuristic truck into an unpleasant ride.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Anyone else have a high pitching wind noise in their Cybertruck?? Tesla service center in Tempe AZ said it was normal but I didn't have the noise before they replaced my windshield so after 2 trips to the service center with no improvement I fixed it myself. <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a>… <a href="https://t.co/1rMnoFXRqT">pic.twitter.com/1rMnoFXRqT</a>
&mdash; MyCybertruckLife (@jaylarsondpm) <a href="https://twitter.com/jaylarsondpm/status/1849588230762451384?ref_src=twsrc%5Etfw">October 24, 2024</a></blockquote>
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<h2 class="wp-block-heading">Tesla&#8217;s Service Troubles</h2>
The owner, hoping for a quick fix, brought his truck back to Tesla – twice. The first time, Tesla technicians assured him they had addressed the issue, but the whistle persisted. The second time, they told him the noise was &#8220;normal&#8221; for a Cybertruck. But the owner knew better – his Cybertruck had been perfectly quiet before replacing the windshield. Despite his insistence, Tesla couldn't reproduce the problem at highway speeds and refused to do anything further.
See Also: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O&#8217;Reilly and Rudy Giuliani are using this platform to <a href="https://www.benzinga.com/money/american-hartford-gold">create customized gold IRAs to help shield their savings from inflation and economic turbulence.&nbsp;</a>
This story echoes broader frustrations voiced by other Tesla owners. For example, a former Tesla owner recently shared how her repeated service visits and unresolved issues led her to sell her car entirely.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One of the biggest reasons why I got rid of the Tesla is because it was always in service. It would take forever, and then, I would get stinky Uber credits. Aaaaand they would mess up something else or ignore one of the requests and I would need to go back again. Just had Rivian… <a href="https://t.co/enU1oJ1UZe">pic.twitter.com/enU1oJ1UZe</a>
&mdash; Jennifer Parker (@jenzfc) <a href="https://twitter.com/jenzfc/status/1796169825427026418?ref_src=twsrc%5Etfw">May 30, 2024</a></blockquote>
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Another owner also detailed his challenges with Tesla service after his Cybertruck failed to stop for a deer, leading to extensive damage and a long wait just to get an insurance estimate.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hit the deer with my Tesla. FSD didn't stopped, even after hitting the deer on full speed. Huge surprise after getting a dozen of false stops every day! Experiencing worst side of Tesla service now. Can't even get an estimate for insurance. Nearest appointments only in January. <a href="https://t.co/7PMiROmk5x">pic.twitter.com/7PMiROmk5x</a>
&mdash; Paul S (@TheSeekerOf42) <a href="https://twitter.com/TheSeekerOf42/status/1850747727224987865?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
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<h2 class="wp-block-heading">A Simple DIY Solution</h2>
Frustrated but determined, the Cybertruck owner decided to take matters into his own hands. After doing some research, he found an inexpensive solution: 9mm weather stripping that cost just $12. The weather stripping fit perfectly into the gap along the top of the windshield – no adhesive required. The result? The high-pitched whistle was gone and the cabin returned to its original quiet state, even at speeds over 90 mph.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
The fix was effective and easy to implement, requiring only the weather strip to be pressed into place. The owner was thrilled: &#8220;Looks perfect … But sounds even better. I love the sound of silence! even at 90+ mph!!!&#8221;
<h2 class="wp-block-heading">Tesla&#8217;s Persistent Service Problems</h2>
This isn&#8217;t an isolated case. Tesla owners have been experiencing increasing frustration with the brand&#8217;s service. From legal issues preventing Tesla employees from <a href="https://www.benzinga.com/markets/equities/24/10/41566293/tesla-cybertruck-customers-must-diy-off-road-light-bar-installation-as-employees-are-by-law-barr">installing accessories like the off-road light bar</a> for the &#8220;Cyberbeast&#8221; version of the truck, to widespread quality control challenges and <a href="https://www.benzinga.com/startups/24/09/40750931/cybertrucks-are-a-disaster-now-but-winter-will-be-a-nightmare-heres-why-cybertruck-owners-should-be">cold-weather performance issues</a>, many are questioning whether the Cybertruck – and Tesla&#8217;s service infrastructure – was truly ready for the market.
Despite the issues, the Cybertruck remains popular. Last quarter, it became the <a href="https://www.benzinga.com/news/24/10/41353805/elon-musks-tesla-dominates-us-ev-market-with-3-of-top-5-best-selling-models-in-q3">third bestselling EV in the U.S.</a>, behind only Tesla&#8217;s Model 3 and Model Y. However, as more owners face these problems, the enthusiasm around the Cybertruck may be tested.
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<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
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Startups

Frustrated By Tesla's Inability To Repair His Cybertruck, Man Used A $12 Part. Here's How He Solved The Issue

Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) artificial intelligence momentum is expected to drive significant growth in the coming years, as highlighted by Wedbush Securities analyst Dan Ives. Following Microsoft's <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">first-quarter earnings report</a> on Wednesday, Ives shared his bullish outlook, underscoring the tech giant's role in the unfolding AI revolution.
What Happened: In an appearance on CNBC's Overtime, Ives stated, "This is a company firing on all cylinders. We sit here 6-9 months from now, this is a $4 trillion market cap." 
Microsoft reported first-quarter revenue of $65.6 billion, marking a 16% increase year-over-year and surpassing the consensus estimate of $64.51 billion, according to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Earnings per share reached $3.30, exceeding expectations of $3.09. The company's operating income also rose to $65.6 billion, up 14% from last year, showcasing robust performance amid <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep">expanding AI-driven initiatives</a>.
Ives highlighted the enthusiasm around Microsoft's Intelligent Cloud segment, suggesting a bright outlook as AI continues to bolster revenue streams. "This is a growth acceleration story," Ives noted on X (formerly Twitter), further asserting that "cloud will drive growth looking ahead."
He added, "It is still the first, second inning of this AI revolution." Ives's comments reflect his belief that Microsoft&#8217;s AI and cloud initiatives will position the company for long-term growth, potentially propelling it toward a historic valuation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The AI story looks robust at Microsoft and cloud will drive growth looking ahead <a href="https://twitter.com/CNBCOvertime?ref_src=twsrc%5Etfw">@CNBCOvertime</a> &#x1f3c6;&#x1f37f;&#x1f4fa;&#x1f402; <a href="https://t.co/utWlZyg0av">https://t.co/utWlZyg0av</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1851778892312555601?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">Meta Platforms Q3 Earnings: Revenue Beat, EPS Beat, Daily Actives Up 5%, &#8216;Strong Momentum&#8217; In AI</a>
Why It Matters: Microsoft&#8217;s strong performance in the AI sector is consistent with recent trends. The company&#8217;s aggressive push into AI infrastructure has been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41597402/microsofts-ai-push-gains-ground-as-trends-are-visible-partners-see-a-revolution">well-supported by demand</a>, with 59% of its partners seeing its CapEx investments as such, according to a survey by JPMorgan.
However, Microsoft has also faced challenges in the AI space, such as <a href="https://www.benzinga.com/markets/equities/24/10/41592650/microsoft-accuses-google-of-astroturf-campaigns-targeting-its-cloud-business-says-search-giant-r">alleged covert lobbying campaigns</a> by Google to undermine its cloud computing business. 
Meanwhile, Microsoft&#8217;s potential Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment has also been a topic of interest, with MicroStrategy&#8216;s Michael Saylor humorously reaching out to Microsoft CEO Satya Nadella to offer his assistance in creating the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41553322/michael-saylors-proposal-to-microsoft-ceo-satya-nadella-if-you-want-to-make-the-next-trill">next trillion-dollar opportunity</a>.
Price Action: Microsoft Corp's stock closed at $432.53 on Wednesday, up 0.13% for the day. In after-hours trading, the stock declined by 3.71%. Year-to-date, Microsoft shares have seen a notable gain of 16.63%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41619022/trumps-billionaire-ally-plans-to-join-elon-musks-doge-if-named-treasury-secretary-recommen?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Billionaire Ally Plans To Join Elon Musk&#8217;s DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies</a></li>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Microsoft's AI Momentum Could Propel $4 Trillion Market Cap In 6-9 Months Amid 'Robust' Q1 Earnings, Says Dan Ives: 'This Is a Company Firing on All Cylinders'

On Wednesday, Cathie Wood-led Ark Invest made some significant trades, with the most notable ones involving Tesla Inc (TSLA), Advanced Micro Devices Inc (AMD), and Palantir Technologies Inc (PLTR).
The Tesla Trade: Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) sold a total of 62,151 shares of Tesla. Based on Tesla's closing price of $257.55 on Wednesday, the value of this trade is approximately $16 million. 
This move followed <a href="https://www.benzinga.com/markets/equities/24/10/41615718/cathie-woods-sky-high-vision-dumps-shares-of-cybercab-touting-tesla-for-this-evtol-play">Ark&#8217;s recent decision</a> to buy a substantial amount of Archer Aviation Inc (ACHR) shares on both Tuesday and Wednesday while selling shares of the Elon Musk-led company.
ARK Investment Management projects that Tesla&#8217;s driverless ride-hailing service could tap into an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">$11 trillion revenue market</a>, leveraging low operating costs to undercut current ride-hail prices. Tesla aims to launch this service next year in Texas and California, initially with drivers, and targets fully autonomous rides pending regulatory approval. Even so, the Wood-led firm has been on a Tesla share-selling spree lately.
The AMD Trade: Ark Invest bought a total of 111,080 shares of Advanced Micro Devices across its ARKK, ARKW, ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>). This move comes in the wake of AMD&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-">impressive Q3 earnings report</a>, which revealed a year-over-year revenue increase of 18%. The value of this trade, based on AMD&#8217;s closing price of $148.6 on Wednesday, is approximately $16.5 million.
The Palantir Trade: Ark Invest sold a total of 372,730 shares of Palantir Technologies across its ARKK, ARKQ, ARKW, and ARKX ETFs. Despite Palantir&#8217;s <a href="https://www.benzinga.com/news/24/10/41554264/palantir-technologies-stock-reaches-new-52-week-high-whats-going-on">recent 52-week high</a> and a strategic partnership with L3Harris Technologies Inc (LHX), Ark decided to reduce its stake. The value of this trade, based on Palantir&#8217;s closing price of $43.69 on Wednesday, is approximately $16.3 million.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41568577/elon-musk-channels-warren-buffett-as-teslas-stock-booms-after-strong-q3-having-a-publicly-traded?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Channels Warren Buffett As Tesla&#8217;s Stock Booms After Strong Q3: &#8216;Having A Publicly Traded Company Is Like…&#8217;</a> 
Other Key Trades:
<ul>
<li>Cathie Wood Purchased 689365 shares of Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) through its ARKK ETF. This transaction was valued at $2.3 million.</li>
<li>The firm bought 3426 shares of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), worth $2.03 million, through its ARKK and ARKW ETFs.</li>
<li>Ark Invest bought shares of Absci Corp (ABSI) and shares of Cerus Corp (CERS) through its ARKG ETF. </li>
</ul>
Image via Benzinga YouTube and Unsplash
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41616239/shytoshi-kusama-touts-shiba-inu-lifetime-gains-of-33774726-we-still-have-far-to-go-and-muc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shytoshi Kusama Touts Shiba Inu Lifetime Gains Of 33774726%: &#8216;We Still Have Far To Go And Much Work To Be Done&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ACHR

ARKK

ARKQ

ARKW

ARKX

PLTR

TSLA

Cathie Wood Shuffles Her Tech Deck: Continues Dumping Tesla And Palantir, Stocks Up On AMD And Meta

At the recent <a href="https://www.benzinga.com/events/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference</a>, industry leaders explored the intersection of medical cannabis access, patient loyalty and market challenges.
Addressing key issues such as regulatory hurdles, changes in the medical marijuana market and the importance of patient education, the panel provided insights into maintaining patient care and access in a competitive market.
<h3 class="wp-block-heading">Navigating Accessibility And Risks To Medical Marijuana</h3>
Dr. Christina Betancourt Johnson, CEO of The Forest by Standard Wellness Maryland, highlighted the challenges in preserving patient access amid the rise of adult-use cannabis. Her <a href="https://www.benzinga.com/markets/cannabis/23/10/35098103/setting-the-gold-standard-premium-everyday-cannabis-with-standard-wellness">company</a>, which also operates in states like Utah, Missouri and Ohio, emphasizes the need for active engagement with elected officials and regulators to advocate for patients, especially when transitions between medical and adult use take place.
"We build those relationships long before coming into the market," she said. To her, lawmakers aren&#8217;t normally familiar with cannabis, so education is of the essence. In those conversations, Johnson advocates for tax breaks for medical users, mandatory shelf space dedicated to patients and enhanced budtender education to prioritize quality care as states transition to adult-use markets.
<h3 class="wp-block-heading">The ‘Friction' Between Medical And Adult-Use Markets</h3>
Founder of Leafwell, Emily Fisher, noted that the adult-use market introduces a type of "friction" that complicates access for patients. <a href="https://www.benzinga.com/markets/cannabis/24/09/40900626/legal-medical-cannabis-could-save-us-healthcare-29b-annually-new-study-finds">Leafwell</a> aims to educate potential patients and partners, ensuring that therapeutic users are continually informed and supported, but Fisher recognized there&#8217;s much to be done still in that matter.
As regulations shift and new consumers enter the market, she said, "a lot of them are looking for therapeutic uses but don't get a medical card." Fisher attributes this to barriers that make navigating medical and adult-use markets challenging. To address those barriers, her company provides the largest integrated treatment clinic in the field, working across multiple markets where both programs coexist.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40900626/legal-medical-cannabis-could-save-us-healthcare-29b-annually-new-study-finds">Legal Medical Cannabis Could Save US Healthcare $29B Annually, New Study Finds</a>
<h3 class="wp-block-heading">The Importance Of Medical Integrity</h3>
Tim Pickett, CEO of Kindly MD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>), a company based in Utah that offers plant-based treatments, echoed concerns about the potential risks to the medical cannabis sector. He explained that while retailers push for higher volumes, focusing on adult-use sales may come at a cost. "The fear is delegitimizing cannabis as a medicine.&#8221;
This shift risks overlooking a larger base of therapeutic cannabis users who might benefit from cannabis for health reasons but perceive it as purely recreational. Pickett advised that investors consider the long-term implications of focusing on adult-use marijuana, underscoring the substantial consumer base for medical cannabis.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Exploring Identity And Wellness</h3>
Ricky Williams, <a href="https://www.benzinga.com/topic/ricky-williams">former NFL player</a> and founder of Highsman, addressed the broader, often philosophical aspects of cannabis in health. Reflecting on his experience as a professional athlete, Williams highlighted how perspectives on health vary, especially in fields like sports. "My interaction with physicians is very different than for most people," making the point that every person has a particular relation to both health and physicians. Thus, he advocated for broader conversations on cannabis&#8217;s therapeutic uses, as many consumers are likely unaware of the plant's benefits beyond recreational purposes.
Building on that conversation Javier Hasse, managing director at Benzinga Cannabis, brought up a conceptual distinction that resonated with the panel: the difference between "medical cannabis" and "therapeutic cannabis," which encompasses a wider range of health benefits.
"Why would people choose to go through the adult-use market route when medical cannabis might be more affordable and accessible?" Hasse asked.
This question underscores a common barrier in the U.S. where concerns about medical marijuana registration impacting government benefits, like housing or employment rights, prevent many from fully engaging in the <a href="https://www.benzinga.com/markets/cannabis/24/10/41176039/whats-the-difference-between-medical-and-recreational-cannabis-users-new-survey-reveals-market-t">medical market</a>.
Confusion might be to blame, the panelists agreed noting that ambiguity and disorientation around cannabis legalization across states only exacerbate access challenges. 
"The fact that we are not scheduled properly, and all 50 states are doing their own things, makes it difficult for consumers to understand what registering for a card looks like for their jobs, housing, and community," said Betancourt Johnson.
The panel concluded that unified clarity from cannabis advocates and regulators would enhance patient rights, reduce confusion and ultimately bolster the wellness cannabis market, which still has much room to grow.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/10/41545226/thc-potency-isnt-everything-here-are-some-strategies-to-deal-with-industry-challenges">THC Potency Isn&#8217;t Everything: Here Are Some Strategies To Deal With Industry Challenges</a></li>
</ul>

Health Care

Events

General

KDLY

Ricky Williams And Wellness Experts Discuss Strategies For Cannabis Patient-Centric Care

Senator Bernie Sanders (I-Vt.) has expressed strong criticism of Donald Trump&#8217;s proposal to eliminate all income taxes, describing it as &#8216;insane economics&#8217; that would disproportionately benefit the wealthy.
What Happened: On Wednesday, Sanders took to X to voice his disapproval of Trump&#8217;s tax plan. He argued that the proposal would harm the poorest members of society while further enriching the wealthiest individuals. Sanders also suggested that the plan&#8217;s popularity among billionaires was due to their potential financial gain.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donald Trump&#39;s plan to eliminate all income taxes is insane economics. It will hurt desperately poor people and further enrich the very wealthy. That&#39;s why the billionaires who are pouring tens of millions of dollars into his campaign are so excited about it. <a href="https://t.co/pHX7yE7Puw">pic.twitter.com/pHX7yE7Puw</a>
&mdash; Bernie Sanders (@BernieSanders) <a href="https://twitter.com/BernieSanders/status/1851760120478171153?ref_src=twsrc%5Etfw">October 30, 2024</a></blockquote>
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Sanders shared a video of him appearing on NBC News in the post in which he said protecting American democracy and protecting a woman&#8217;s right to control her own body were enormously important to him. He pointed out that Trump thought climate change was a hoax is also of &#8220;enormous importance.&#8221;
Sanders said over the last 50 years there has been a &#8220;massive transfer of wealth from the bottom 90% to the top 1%.&#8221; He said &#8220;60% of our people are living paycheck-to-paycheck while the billionaire class has never had it so good, while Donald Trump wants to give even more tax breaks to billionaires.&#8221;
&#8220;This would be the biggest transfer of wealth in the history of this country. It would mean the billionaire class, the millionaires, no longer pay a nickel in taxes.&#8221;
He contrasted it by saying that under Trump&#8217;s proposals if someone went to the grocery store or if they went to buy a refrigerator and if you&#8217;re a working-class person the prices are going to soar.
&#8220;The idea that you eliminate all taxes and replace them by a tariff is insane economics,&#8221; said Sanders.
His post comes in the context of the upcoming 2024 U.S. presidential election, where both Trump and Vice President Kamala Harris have proposed <a href="https://www.benzinga.com/government/24/10/41611073/trump-vs-harris-how-their-fiscal-plans-could-add-trillions-to-the-us-national-debt">expansive tax and spending measures</a> that could significantly increase the national debt, according to a recent analysis by the Committee for a Responsible Federal Budget (CRFB).
See Also: <a href="https://www.benzinga.com/news/24/10/41590597/bernie-sanders-explains-why-he-will-vote-for-kamala-harris-even-though-he-disagrees-with-her-stance?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bernie Sanders Explains Why He Will Vote For Kamala Harris Even Though He Disagrees With Her Stance On Israel</a>
Why It Matters: Sanders&#8217; criticism of Trump&#8217;s tax plan aligns with his previous comments on the former president&#8217;s policies. In an interview with Politico, Sanders <a href="https://www.benzinga.com/news/24/08/40453368/bernie-sanders-trump-labeled-kamala-harris-an-extreme-communist-on-her-price-gauging-plan-but-doesnt">dismissed Trump&#8217;s claims</a> that Harris&#8217; price-gouging proposal was equivalent to price controls and labeled her as an &#8220;extreme communist&#8221;.
Furthermore, Sanders has previously expressed his views on the need for better healthcare, expanded Social Security, and a higher minimum wage. He has accused Trump of prioritizing <a href="https://www.benzinga.com/general/politics/24/08/40448543/bernie-sanders-trump-just-wants-to-give-billionaires-another-tax-break-this-november-the-choice-">tax breaks for billionaires</a> over these issues.
The 2024 presidential election is expected to be a close race between Trump and Harris, with prediction markets <a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">currently favoring Trump.</a>
Image via Flickr
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Bernie Sanders Says Trump's Plan To Eliminate All Income Taxes Is Insane Economics: Will Trigger The 'Biggest Transfer Of Wealth In The History Of This Country'

Former President Donald Trump used a campaign-themed garbage truck to highlight a controversial remark by President Joe Biden, which appeared to label Trump supporters as &#8220;garbage&#8221;.
What Happened: Trump rode in a garbage truck decorated with his campaign sticker and flag during his motorcade in Wisconsin on Wednesday. &#8220;How do you like my garbage truck? This truck is in honor of Kamala and Joe Biden,&#8221; Trump said from the passenger seat, <a href="https://thehill.com/homenews/campaign/4962923-trump-rides-garbage-truck-to-seize-biden-comment/">reported</a> The Hill.
The Trump campaign has been leveraging the anger among supporters over Biden&#8217;s comment, even though Vice President Harris has distanced herself from the statement. &#8220;First of all, he clarified his comments but let me be clear: I strongly disagree with any criticism of people based on who they vote for,&#8221; Harris told reporters.
Biden&#8217;s comment, which ignited a backlash, was made while addressing on a racist joke by a comedian at a Trump rally. The White House issued a statement arguing that Biden was referring to the rhetoric at the rally as &#8220;garbage&#8221;, not the supporters. The statement included a transcript of the comment, indicating Biden was referring to the comedian&#8217;s &#8220;demonization of Latinos&#8221; as &#8220;garbage&#8221;.
A video clip of Biden&#8217;s remarks quickly went viral, with many Republicans comparing the remarks to Hillary Clinton&#8217;s 2016 comments about some of Trump&#8217;s supporters being &#8220;deplorable.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/10/41564409/michelle-obama-criticizes-trump-at-michigan-harris-rally-why-on-earth-is-this-race-even-close?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michelle Obama Criticizes Trump At Michigan Harris Rally: &#8216;Why On Earth Is This Race Even Close?&#8217;</a>
Why It Matters: The controversy stems from a <a href="https://www.benzinga.com/news/24/10/41565160/puerto-rico-called-a-floating-island-of-garbage-in-the-middle-of-the-ocean-at-trump-rally-comments-a">Trump rally</a> where comedian Tony Hinchcliffe made derogatory comments about Puerto Rico and Latinos. These remarks sparked immediate criticism from Democrats and the Harris campaign. 
The fallout from the &#8220;floating island of garbage&#8221; comment led to <a href="https://www.benzinga.com/news/24/10/41615257/floating-island-of-garbage-fallout-kamala-harris-recieves-endorsement-from-puerto-ricos-largest-news">Kamala Harris receiving an endorsement</a> from Puerto Rico&#8217;s largest newspaper, El Nuevo Día, amidst the controversy.
Image via Flickr
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump Rides Garbage Trump In Efforts To Amplify Biden's 'Garbage' Comment

STBX

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Billionaire Elon Musk previously sold all his homes so he could live a more minimalistic life, moving to Texas to be closer to his many <a href="https://www.benzinga.com/news/24/07/39804744/spacex-x-to-move-headquarters-from-california-to-texas-musk-calls-it-the-final-straw-criticizes-gov">business operations there.</a>
Musk is now looking to build a secret compound for his kids and their mothers, according to a new report.
What Happened: Musk has <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday">fathered 12 children</a> with three different women and his new plans could be to have his children live close to each other to maximize his time with them as he remains a busy man running several companies.
Musk has bought several properties near each other in the Austin, Texas, area, according to a <a href="https://www.nytimes.com/2024/10/29/business/elon-musk-children-compound.html?partner=slack&amp;smid=sl-share">report </a>from the New York Times.
Included in the properties is a 14,400-square-foot home that could be the centerpiece of a planned family compound. Behind the larger property is a smaller six-bedroom mansion.
Musk spent $35 million for the two properties according to the report. The billionaire stays at a third mansion, which he can reach in a short 10-minute walk.
Shivon Zilis, who is an executive at Musk's Neuralink, moved into one of the houses with her children, according to the report. Musk and Zilis have three children together, twins Strider and Azure born in November 2021, and a child born in 2024, whose name has not been revealed.
While one mother of some of Musk's kids is supportive of the idea, another hasn't been supportive. Claire Boucher, better known as musician Grimes, is in a legal fight with Musk currently. Musk and Grimes have three children together.
Musk's first wife Justine Musk is the other mother of his children and the report did not say if she was receptive to the idea of a family compound. Musk and his first wife had six children together, with five living and one having previously passed away at the age of 10 months.
One of the five living children with his first wife is transgender and changed her legal name, distancing herself from her father.
Operations for Tesla, SpaceX and X can all be found in Texas, where Musk now spends a good portion of his time.
You may not be a billionaire like Elon Musk, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five </a><a href="https://www.benzinga.com/real-estate/reit/24/10/41549488/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">stocks </a><a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">flying under the radar that deserve your attention.</a>
Why It's Important: Musk's real estate purchases come as he has for years talked <a href="https://www.benzinga.com/news/24/06/39443823/elon-musk-once-said-collapsing-birth-rate-is-the-biggest-danger-civilization-faces-he-has-fathered-1">about declining birthrates</a> and encouraged people to have as many children as possible to save humankind.
"It should be considered a national emergency to have kids," Musk said previously in June 2024.
Musk is supportive of in-vitro fertilization (IVF), which was used for several of his children. The billionaire has also volunteered donating sperm to at least one person to father more children, according to the report.
The real estate dealings of Musk have drawn increased interest from the press and the <a href="https://www.benzinga.com/news/23/09/34743808/elon-musk-glass-house-case-sees-justice-department-looking-into-personal-benefits-from-tesla-the-lat">U.S. Department of Justice (DOJ) previously.</a>
Musk was reported <a href="https://www.benzinga.com/news/23/07/33200386/did-elon-musk-have-a-secret-glass-house-project-in-texas-new-report-looks-into-project-42">building a secret glass house</a> several years ago, which he denied. The DOJ launched an investigation into whether the house was using resources from Tesla.
Around the same time of the investigation, Musk was said to begin touring Austin looking for homes and later lived in a 6,900-square-foot house in the area with Boucher. The billionaire got the idea of buying more property near that home to start the family compound.
Musk is currently the richest person in the world worth an estimated $270 billion by <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/23/02/30928396/elon-musk-the-landlord-tesla-ceo-might-be-bringing-houses-to-employees-with-this-company">Elon Musk, The Landlord? Tesla CEO Might Be Bringing Houses To Employees With This Company</a></li>
</ul>
Photo: Elon Musk and Grimes (Claire Boucher), Photo by Sky Cinema on Shutterstock

Entertainment

Elon Musk Want His 11 Kids, Their Mothers To Live In Secret Compound He Bought, New Report Says

Buenaventura Mining Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>) reported quarterly earnings of $0.93 per share. The company reported quarterly sales of $331.100 million which beat the analyst consensus estimate of $263.025 million by 25.88 percent. This is a 56.70 percent increase over sales of $211.300 million the same period last year.

Earnings

Earnings Beats

Buenaventura Mining Co Q3 2024 GAAP EPS $0.93, Sales $331.100M Beat $263.025M Estimate

Editor&#8217;s Note: The fourth-quarter revenue estimate was corrected. 
Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reported third-quarter financial results after the market close on Wednesday. Here&#8217;s everything <a href="https://www.benzinga.com/pressreleases/24/10/n41635757/meta-reports-third-quarter-2024-results">you need to know from the quarter</a>.
Q3 Earnings: Meta reported third-quarter revenue of $40.59 billion, beating&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst estimates</a>&nbsp;of $40.29 billion. The company reported third-quarter adjusted earnings of $6.03 per share, beating analyst estimates of $5.25 per share.
Meta has now beat analyst estimates on the top and bottom lines in seven consecutive quarters, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Total revenue was up 19% on a year-over-year basis. Family daily active people were up 5% year-over-year to 3.29 billion. Ad impressions jumped 7% year-over-year and average price per ad increased by 11% year-over-year.
Costs and expenses came in at $23.24 billion, up 14% year-over-year. Capital expenditures came in at $9.2 billion. The company ended the quarter with $70.9 billion in cash, cash equivalents and marketable securities, and $28.82 billion of long-term debt.
Meta noted that its headcount was up 9% year-over-year to 72,404 as of Sept. 30.
&#8220;We had a good quarter driven by AI progress across our apps and business,&#8221; said&nbsp;Mark Zuckerberg, founder and CEO of Meta. &#8220;We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses.&#8221;
Related Link: <a href="https://www.benzinga.com/markets/equities/24/10/41629264/alphabets-earnings-rally-pushes-magnificent-7-market-cap-to-record-16-8-trillion-10-tech-heavy-e">Alphabet&#8217;s Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8 Trillion: 10 Tech-Heavy ETFs Moving Wednesday</a>
Outlook: Meta expects fourth-quarter revenue to be in the range of $45 billion to $48 billion versus an estimate of $46.31 billion. 
Meta expects full-year 2024 total expenses to be in the range of&nbsp;$96 billion to $98 billion, versus prior guidance of $96 to $99 billion. The company expects full-year 2024 capital expenditures to be in the range of&nbsp;$38 billion to $40 billion, versus its prior guidance range of&nbsp;$37 billion to $40 billion.
&#8220;For Reality Labs, we continue to expect 2024 operating losses to increase meaningfully year-over-year due to our ongoing product development efforts and investments to further scale our ecosystem,&#8221; the company said. 
Meta executives will hold a conference call to discuss the company&#8217;s quarterly results at 5 p.m. ET.
META Price Action:&nbsp;<a href="http://benzinga.com/quote/meta">Meta Platforms shares</a> were up approximately 68% year-to-date heading into the report. The stock was flat after-hours, trading at $592 at the time of publication Wednesday, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41633790/apple-refreshes-macbook-pro-lineup-with-m4-pro-and-m4-max-3nm-chips">Apple Refreshes MacBook Pro Lineup With M4 Pro and M4 Max 3Nm Chips</a></li>
</ul>
Photo: Shutterstock.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="&#x1f534;WATCH LIVE: Meta Platforms Q3 2024 Earnings Call &#x7C; $META" width="500" height="281" src="https://www.youtube.com/embed/MhZMnqaYVMM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>

After-Hours Center

Meta Platforms Q3 Earnings: Revenue Beat, EPS Beat, Daily Actives Up 5%, 'Strong Momentum' In AI (CORRECTED)

Hamilton Beach Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBB#NYSE">HBB</a>) .

Guidance

Hamilton Beach Brands expects FY 2024 Cash Flow from operating activities less cash used for investing activities to be at the high end of $25M to $35M per year.

CORRECTION: Meta Platforms Sees Q4 Revenue $45B-$48B Vs $46.31B Est.

Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) sees Q4 sales of $333.000 million-338.000 million vs $329.28 million estimate.

TRUP

Trupanion Sees Q4 Sales $333.000M-338.000M vs $329.28M Est.

Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) raises FY2024 sales outlook from $1.26 billion-1.28 billion to $1.28 billion-1.29 billion.

Trupanion Raises FY2024 Sales Guidance from $1.26B-1.28B to $1.28B-1.29B.

Alkami's Soaring Stock: Growth Story Or Fully Valued?

Alkami announces launch of secondary offering of common stock by selling stockholders

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Varonis Systems (VRNS – Research Report), Alkami T...

Analysts' Opinions Are Mixed on These Technology Stocks: Varonis Systems (VRNS), Alkami Technology (ALKT) and Garmin (GRMN)

Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Alkami Technology (ALKT – Research Report) today. The company's shares closed yesterd...

Craig-Hallum Sticks to Its Buy Rating for Alkami Technology (ALKT)

Bullish Software stocks you shouldn't sleep on

Craig-Hallum Sticks to Their Buy Rating for Alkami Technology (ALKT)

Alkami Technology ( ($ALKT) ) just unveiled an announcement. Alkami Technology, a leading digital banking solutions provider, reported a strong thi...

Alkami Technology Reports Strong Q3 2024 Revenue Growth

Sees Q4 adjusted EBITDA $8.5M-$9.0M. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>...

Alkami sees Q4 revenue $89M-$90M, consensus $89.68M

Sees 2024 adjusted EBITDA $25.2M-$25.7M. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try ...

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