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Pop Culture Gr

Pop Culture Group Co Ltd hosts entertainment events, operates hip-hop-related online programs, and provides event planning and execution services and marketing services to corporate clients. It generates revenue from Event Hosting business by providing sponsorship packages to advertisers in exchange for sponsorship fees and by selling tickets for those concerts. The company has various operations services out of which Brand Promotion earns maximum revenue, following by Event Hosting, and Event Planning and Execution.

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Pop Culture Group Co Ltd

Whales have amassed almost 1 billion Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) within a span of 48 hours.
What Happened:&nbsp;Cryptocurrency trader and analyst Ali&nbsp;Martinez shared data on X indicating a substantial upswing in Dogecoin purchases. This buying frenzy was triggered by Musk&#8217;s recent remarks concerning the potential future slump of cryptocurrency prices.
The data shared by Martinez unveiled that Dogecoin whales have swiftly purchased over 470 million DOGE in the past two days. This surge in buying activity was concurrent with a 20% plunge in the price of Dogecoin, from $0.39620 to a low of $0.31648.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whales bought over 470 million <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> in the last 48 hours! <a href="https://t.co/d7oPvnfB6o">pic.twitter.com/d7oPvnfB6o</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1877847135108092102?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>
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Despite the intense accumulation, the data also revealed significant DOGE sales. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804970/dogecoin-to-hit-one-dollar-milestone-this-year-says-this-analyst">Dogecoin To Hit One Dollar Milestone This Year, Says This Analyst</a>
On Friday, cryptocurrency tracker Whale Alert reported two large Dogecoin transactions sent to the U.S.-based crypto exchange Coinbase, presumably for sale.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; &#x1f6a8; 112,670,012 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (37,990,922 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a><a href="https://t.co/dO3pSbOMBa">https://t.co/dO3pSbOMBa</a>
&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1877672095313707118?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>
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Elon Musk recently hinted on social media that&nbsp;the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Dogecoin, and other cryptocurrencies could significantly plummet&nbsp;in the next two years&nbsp;if dollar inflation is resolved. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal. What matters is the ratio of dollars to crypto.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876567714594169283?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
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This statement was made in the context of his role in&nbsp;the U.S. Department of Government&nbsp;Efficiency, which is focused on reducing excessive government spending.
Why It Matters: Despite the significant drop in Dogecoin&#8217;s price, these large investors are accumulating more of the cryptocurrency, perhaps anticipating a future rise in value.
However, the data also shows that there have been substantial sales of DOGE. This indicates that while some investors are bullish on Dogecoin&#8217;s future, others are taking advantage of the current market situation to cash out. 
As Musk&#8217;s role in&nbsp;the U.S. Department of Government&nbsp;Efficiency continues to evolve, his comments and actions will likely continue to sway the cryptocurrency market.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42497156/dogecoin-poised-for-85-surge-as-whales-accumulate-130-billion-doge" target="_blank" rel="noreferrer noopener">Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE</a>

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

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Dogecoin Whales Accumulate Nearly 1 Billion DOGE in Two Days After Elon Musk's Crypto Forecast

In his Friday appearance on Joe Rogan&#8216;s podcast, Mark Zuckerberg voiced his optimism regarding President-elect Donald Trump&#8216;s support <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">for the American tech industry</a>.
What Happened: During the <a href="https://www.youtube.com/watch?v=7k1ehaE0bdU">podcast</a>, Zuckerberg expressed his belief in the strategic advantage of U.S. tech companies and his confidence that Trump&#8217;s administration will defend this advantage, ensuring the industry&#8217;s continued strength.
&#8220;I think it&#8217;s a strategic advantage for the United States that we have a lot of the strongest companies in the world, and I think it should be part of the U.S. strategy going forward to defend that,&#8221; Zuckerberg said during the podcast.
&#8220;And it&#8217;s one of the things that I&#8217;m optimistic about with President Trump is, I think he just wants America to win,&#8221; he added. 
Zuckerberg told Rogan that the change reflects the nation&#8217;s &#8220;cultural pulse&#8221; as it was reflected in the presidential election results.
Also Read: <a href="https://www.benzinga.com/news/24/08/40667286/trump-warns-zuckerberg-in-latest-book-says-he-could-be-in-prison-for-the-rest-of-his-life-we-are-wat">Trump Warns Zuckerberg In Latest Book, Says He Could Be In Prison For The Rest Of His Life: &#8216;We Are Watching Him Closely&#8217;</a>
The comments from the founder of&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FB#NASDAQ">FB</a>), formerly known as Facebook, followed significant changes made by the company to its content moderation policies. 
The new system, which replaces third-party fact-checkers with a community-notes system, received praise from Trump.
Why It Matters: Given the recent changes in Meta&#8217;s content moderation policies and the company&#8217;s donation to Trump&#8217;s inaugural fund, Zuckerberg&#8217;s comments signal a strategic alignment with the incoming administration. 
This could potentially influence the future direction of the tech industry, particularly in terms of content moderation and censorship.
Read Next
<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" target="_blank" rel="noreferrer noopener">Speaking At Rally, Trump Says ‘Weirdo' Mark Zuckerberg Once Came To White House For Dinner</a>

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In Joe Rogan Interview, Zuckerberg Expresses Confidence in Trump's Support for Tech Sector: 'I Think He Just Wants America to Win'

The U.S. Food and Drug Administration (FDA) recently approved <a href="https://www.benzinga.com/general/health-care/24/12/42637278/eli-lillys-zepbound-receives-fda-approval-for-obesity-linked-sleep-apnea-drug">Zepbound&#xAE;</a> (tirzepatide) as the first prescription medication for treating moderate-to-severe obstructive sleep apnea (OSA) in adults with obesity. Manufactured by Eli Lilly and Company, Zepbound offers a new approach to managing OSA symptoms while also promoting significant weight loss.
<h2 class="wp-block-heading">What Is Zepbound?</h2>
Zepbound is an injectable prescription medication created to help adults with obesity and weight-related problems, including obstructive sleep apnea. OSA causes airway collapses during sleep and symptoms include snoring, fatigue and excessive daytime sleepiness. If left untreated, OSA can lead to serious health complications like cardiovascular issues and cognitive impairments. Don't Miss:
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According to a recent news release, Eli Lilly's clinical trials for Zepbound showed promising results. After one year, patients experienced an average of 25 fewer breathing interruptions per hour. Furthermore, up to 50% of participants no longer exhibited symptoms of OSA. The medication also promotes weight loss, with patients losing an average of 45 pounds or 18% of their body weight, during the trials.
"Too often, OSA is brushed off as ‘just snoring'—but it's far more than that," Julie Flygare, president and CEO of Project Sleep, said in the news release. "We hope this will spark more meaningful conversations between patients and <a href="https://www.benzinga.com/personal-finance/24/11/41852616/doctors-3-medicare-pay-cut-could-it-lead-to-fewer-providers-accepting-medicare-patients">health care providers</a> and ultimately lead to better health outcomes."
<h2 class="wp-block-heading">How Does Zepbound Work?</h2>
Zepbound is a dual-activating medication that combines glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) mechanisms to tackle the root causes of obesity. It suppresses appetite and reduces caloric intake, making it particularly effective for individuals whose OSA symptoms are exacerbated by excess weight.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
The drug can be used with or without CPAP treatment. While Zepbound alone showed significant efficacy, patients combining it with PAP therapy saw even greater benefits, including a higher likelihood of symptom remission.
<h2 class="wp-block-heading">What Does Zepbound Cost?</h2>
Lilly Investors have listed Zepbound for $1,086.37 per fill. But the actual costs will vary depending on each patient's <a href="https://www.benzinga.com/personal-finance/24/12/42491306/is-u-s-health-insurance-failing-the-sickest-and-poorest-new-study-reveals-49-million-americans-lack-proper-health-coverage">insurance coverage</a> of prescription drugs. Those who have commercial drug insurance may qualify to pay as low as $25 for a one to three-month supply of Zepbound. For those whose commercial drug insurance does not cover Zepbound, they may be eligible to pay $650 for a one-month supply of the drug.&nbsp;
<a href="https://www.benzinga.com/personal-finance/24/09/40969498/insurance-companies-turn-every-claim-into-a-fight-heres-how-mark-cuban-thinks-transparency-could">Without insurance</a>, patients would need to pay the full price, plus additional pharmacy charges that may apply.&nbsp;
Eli Lilly has stated its commitment to making the drug accessible, offering savings programs to eligible patients and planning to release more data on average out-of-pocket costs in the coming months.
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<h2 class="wp-block-heading">Will Insurance Cover Zepbound?</h2>
There will likely be insurance coverage for Zepbound as a sleep apnea treatment; however, as a newly approved medication, specific insurance pricing is not currently available. It may also take time for insurers to determine how it fits into their formularies. It is also good to note that insurance coverage for this medication will vary depending on your policies.&nbsp;
Lilly Investors encourages patients to consult with their health care providers and insurers to explore coverage options and eligibility for savings programs.
The FDA's approval of Zepbound provides a new approach to treatment for Americans who struggle with OSA and obesity. Patients considering Zepbound should discuss the potential benefits, risks and costs with their doctors.&nbsp;
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FDA Approves Weight-loss Drug Zepbound For Sleep Apnea – Will Insurance Cover This $1000-Per-Month Medication?

As President-elect Donald Trump prepares a major legislative push after he takes office in less than two weeks, a group of Republicans is threatening to block his tax reform agenda unless the controversial <a href="https://www.benzinga.com/personal-finance/24/11/42146895/are-you-rich-enough-to-benefit-from-trumps-tax-breaks-heres-how-much-youd-need-to-be-part-of-the-top-5" target="_blank" rel="noreferrer noopener">State and Local Tax (SALT) deduction cap is addressed</a>.
These lawmakers, known as the SALT Caucus, are demanding the cap be raised or eliminated to secure their support for Trump&#8217;s tax bill, <a href="https://thehill.com/homenews/house/5079670-salt-focused-republicans-to-meet-with-trump-as-they-threaten-to-hold-up-bill/" target="_blank" rel="noreferrer noopener">reports</a> The Hill.
This weekend, the SALT Caucus is meeting with Trump to discuss their demands and try to reach a compromise. One key member, Rep. Mike Lawler (R-N.Y.), has made it clear he will not back a tax bill unless the SALT cap is lifted.
The cap, implemented under the 2017 Tax Cuts and Jobs Act, limits deductions for state and local taxes to $10,000 per year.
This has especially affected residents in high-tax states like New York, California, and New Jersey, where taxpayers pay significantly higher state and local taxes.
Also Read: <a target="_blank" href="https://www.benzinga.com/real-estate/25/01/42932487/lionel-messi-has-a-232-million-real-estate-portfolio-the-inter-miami-star-owns-hotels-commercial-real-estate-and-homes" rel="noreferrer noopener">Lionel Messi Has A $232 Million Real Estate Portfolio. The Inter Miami Star Owns Hotels, Commercial Real Estate And Homes</a>
Lawler, who recently filed legislation to increase the SALT cap to $100,000 for single filers and $200,000 for joint filers, argues that the current cap creates a &#8220;marriage penalty&#8221; for married couples.
The proposed cap increase would offer some relief to taxpayers in blue states, The Hill writes.
However, the push to lift the SALT cap is creating tension within the Republican Party.
Fiscal conservatives, particularly those in the Freedom Caucus, are opposed to the move, warning that it would increase the federal deficit. They argue that deficit reduction should be a priority, with one member emphasizing that raising the SALT cap would make it harder to reduce the deficit.
To bridge the divide, the SALT-focused Republicans are reportedly no longer calling for a full repeal of the cap but instead are pushing for a raised cap.
They believe this compromise could relieve taxpayers in high-tax states without completely dismantling the cap.
While Trump has supported reversing the SALT cap during his campaign, the challenge will be balancing the demands of the SALT Caucus with the fiscal priorities of other Republicans.
The fiscal conservatives&#8217; concerns about the SALT cap are significant. Experts estimate that raising the cap could add up to $450 billion to the deficit, while completely eliminating it could cost as much as $900 billion, The Hill reports.
With Republicans already aiming for $2.5 trillion in cuts to offset the costs of their tax agenda, the SALT issue is complicating efforts to craft a deficit-neutral or deficit-reducing bill.
The weekend meeting with Trump will be a pivotal moment in the ongoing debate.
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Image: Shutterstock

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Trump Faces Crucial Weekend Meeting as SALT Caucus Demands Change To Tax Deduction Cap and Threatens To Withhold Support

Corporate America has a bad habit that Dave Ramsey isn't shy about calling out: layoffs. Not because companies are struggling to stay afloat but because they want to boost profits and stock prices. In a <a href="https://www.youtube.com/watch?v=cRwgErI6F64">rant</a>, Ramsey made it clear that this isn&#8217;t leadership – it&#8217;s exploitation.
"These people actually had lives and salaries," Ramsey said, explaining that they get treated like units of production and &#8220;crap."
He was talking about the <a href="https://www.benzinga.com/general/gaming/24/09/40859756/activision-blizzard-mobile-games-face-cuts-after-microsofts-latest-round-of-layoffs-what-went-wron">2024 layoffs in the gaming industry</a>, when Activision Blizzard, Xbox and Riot Games cut thousands of jobs, even though their parent companies were far from broke. Meanwhile, executives like Xbox's Phil Spencer took home $10 million a year and former Activision CEO Bobby Kotick reportedly earned the equivalent of $77,000 an hour.
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Ramsey calls this behavior shortsighted. Companies prioritizing short-term gains over the long-term health of their workforce and businesses are sabotaging themselves. "If you get rid of all your talent, four years later, you&#8217;re producing boxes of crap because all your talent left the building. But you helped stock price for two quarters."
<h2 class="wp-block-heading">Leadership Done Right</h2>
Ramsey contrasted this greed-driven mindset by pointing to Satoru Iwata, the late Nintendo CEO. During tough times, <a href="https://www.benzinga.com/general/gaming/24/06/39387165/elden-ring-director-vows-to-shield-fromsoftware-from-gaming-industry-layoffs-i-would-not-let-that-">Iwata didn't lay off employees</a> to make up for losses. Instead, he took a 50% pay cut and convinced other executives to reduce their salaries by 20%. He reasoned that morale matters.
Iwata explained that reducing the number of employees for better short-term financial results would decrease employee morale and not strengthen Nintendo&#8217;s business in the long run.&nbsp;
See Also: With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a>
Nintendo weathered the storm and maintained its reputation for quality and innovation. Ramsey believes this is what real leadership looks like – sacrificing personal gain to protect the people who make the company successful.
<h2 class="wp-block-heading">Ramsey's Own Experience</h2>
During the COVID-19 pandemic, Ramsey faced a similar challenge. His company's live events division – a $27 million operation – lost all its revenue overnight. Yet Ramsey didn't lay off a single employee. Instead, he relied on cash reserves and made a bold promise to his team.
He told them that if things got bad, the company would use its cash reserves. If that ran out, leadership would stop taking pay. Only then, if absolutely necessary, would they consider furloughs.
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The team pulled through and the company ended the year making more money than expected. Ramsey's approach was as much about protecting jobs as it was about building trust and loyalty. "I got incredible loyalty because we gave them incredible loyalty," he explained.
For Ramsey, it all boils down to ethics. He urges business leaders to treat their employees the way they'd want to be treated. He said that layoffs should only happen when there's no other choice, like when a business is losing money and can't make payroll. But if you're laying people off to pad your profits, you're not a leader – you're a disgrace.
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</ul>

'That's Not Leadership That's Pissing On People' – Dave Ramsey Shares What He And Famous Nintendo CEO Have In Common

Former New York City Mayor and <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a> lawyer<a href="https://www.benzinga.com/topic/rudy-giuliani" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.benzinga.com/topic/rudy-giuliani" target="_blank" rel="noreferrer noopener">Rudy Giuliani</a> has been held in contempt of court for repeatedly spreading false claims about Georgia election workers Ruby Freeman and Shaye Moss, defying a court order after <a href="https://www.benzinga.com/markets/24/11/42154568/georgia-election-workers-demand-giuliani-be-held-in-civil-contempt" target="_blank" rel="noreferrer noopener">they won a $148 million defamation lawsuit against him.</a>
U.S. District Judge Beryl Howell expressed her frustration in a Washington courtroom, stating she had hoped the overwhelming evidence disproving Giuliani&#8217;s accusations would have convinced him to cease spreading lies, <a href="https://www.politico.com/news/2025/01/10/rudy-giuliani-contempt-second-time-defamation-case-00197627" target="_blank" rel="noreferrer noopener">reports</a> Politico.
Freeman and Moss had urged Howell to take action after Giuliani revived the same fraudulent claims about them on his podcast in November.
Howell&#8217;s ruling requires Giuliani to sign a declaration within 10 days, swearing that he has reviewed the evidence and testimony refuting his claims, and acknowledging that no review has contradicted this evidence. Failure to comply will result in a $200 daily fine.
Meanwhile, Giuliani had filed a motion expressing concerns over his health and safety due to death threats, <a href="https://www.theguardian.com/us-news/2025/jan/10/rudy-giuiani-second-contempt-court-defamation" target="_blank" rel="noreferrer noopener">reports</a> The Guardian.
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&#8220;I had hoped the Court would understand and accommodate my needs. However, it appears I was mistaken,&#8221; The Guardian adds, quoting him in a filing.
This is the second time in a week that Giuliani has been held in contempt. Earlier, Manhattan-based Judge Lewis Liman also found Giuliani in contempt for failing to cooperate in efforts to collect the defamation judgment.
Giuliani&#8217;s legal troubles stem from his role in promoting baseless claims of election fraud after the 2020 election, including accusations against Freeman and Moss.
These claims were debunked through investigations and sworn testimony, but they led to threats against the women, forcing them into hiding.
Giuliani is also facing criminal charges in Georgia and Arizona related to his actions in the aftermath of the 2020 election, and he was permanently disbarred in New York and Washington, D.C.
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Image: Shutterstock

Movers

Rudy Giuliani's Legal Crisis Intensifies With Second Contempt Ruling in One Week

Justine Musk, a writer and the <a href="https://www.benzinga.com/personal-finance/24/12/42741855/elon-musks-ex-wife-and-mother-of-5-kids-says-he-wont-take-no-for-an-answer-he-locks-his-gaze-on-to-something-and-says-it-shall-be-mine">ex-wife of tech mogul Elon Musk</a> – the richest person in the world – offered a rare glimpse into the personal philosophy that shaped one of the world's most ambitious entrepreneurs.&nbsp;
As the mother of Elon's five children and someone who shared years of her life with him, Justine had an intimate and revealing perspective on the man behind Tesla, SpaceX and Neuralink. Speaking at a TEDx talk in 2014, she shared a key lesson she observed during their marriage – a lesson not just about ambition but about boundaries and focus.
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"I was married, I was married–" she emphasized the past tense – "to a man who became extremely successful. And as I watched him rise, I noticed two things. He worked very hard, much harder than your average bear. And he said no a lot," she explained.
Justine detailed how Elon's ability to say no was instrumental to his success. "He said no to people who wanted his time, attention and energy. He said no in a way that protected his resources so that he could channel them toward his own goals. And I realized that behind every no is a deeper ‘yes' to whatever it is that you do want," she said. This realization was transformative for Justine, reshaping her understanding of boundaries, priorities and self-worth. "Your deep yes is your right to dream," she added.
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She explains that the ability to say no is something we learn very early in life. As she notes, her children assert their power by saying no. However, somewhere between the ages of eight and 13, she lost her deep, instinctive no – it was drowned out by external voices telling her she was "too much." Justine points out that when people criticize you for being "too much" of anything, it can help you identify your greatest strengths.
As a writer and a mother, she reflected on how saying no wasn't just about asserting power but about <a href="https://www.benzinga.com/startups/25/01/42802794/there-wont-be-money-for-social-security-elon-musk-tells-joe-rogan-about-looming-bankruptcy-and-1-1-trillion-interest">embracing clarity and intention</a>. "No is like a bright line that, when used properly, marks off where you end and others begin," she added.
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Her insights resonate not only because they reflect Elon Musk's meteoric rise but also because they speak to a broader truth about success. It's not just about saying yes to opportunities but having the courage – and the wisdom – to say no to distractions.
This philosophy isn't unique to Musk. <a href="https://www.benzinga.com/personal-finance/24/03/37923815/steve-jobs-was-worth-billions-but-said-money-wasnt-that-important-famously-took-1-a-year-salary-">Steve Jobs</a> famously shared a similar sentiment in 1997: "Focus is about saying no and you have to say no. The result of that focus is going to be some really great products where the total is much greater than the sum of the parts."
Justine Musk's reflections remind us that in a world overflowing with demands and opportunities, the power of no isn't just about refusal – it's about commitment to the things that matter most. For her, observing this principle in action gave her a new lens on her own life and a deeper appreciation for the art of setting boundaries.
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Personal Finance

Elon Musk's Ex-Wife And Mother To His 5 Kids Says His Secret To Extreme Success Is Working Harder Than 'Average Bear' And Saying 'No' A Lot

The roller coaster markets of the last quarter of 2024 hold some important lessons for how advisors should approach retirement planning with their clients.
While last November&#8217;s election sent the markets on a rally, with the S&amp;P 500 ending up 5.9% that month, the same index fell 2.4% the following month, as the much-vaunted Santa Claus Rally failed to appear and Federal Reserve Chairman Jerome Powell signaled slower rate cuts in the future.
But despite this turmoil, American investors were very restrained. <a href="https://www.planadviser.com/retirement-plan-investors-remain-cautious-december-amid-market-volatility/">Data from the Alight 401(k) Index</a> shows that on average only 0.011% of 401(k) balances were traded daily in December. Only two of the month&#8217;s 21 trading days showed big spikes in trading activity, including December 18, when Powell warned that rate cuts will be slower in 2025 and 401(k) trading activity jumped five times over.
For advisors, this shows that most prefer a one-and-done approach to retirement investing that they can decide on once, and then never touch. The enduring popularity of target date funds shows as much, though Alight's Rob Austing points out that target date funds also had the most withdrawals in December. This suggests that on those really volatile days, such as December 18, investors can see even target date funds as being too risky.
It&#8217;s important, then, that advisors work with clients to select target date funds with a date and risk profile that really suits the client, so they feel confident sticking with it through thick and thin.
Another lesson is that even hands-off clients, even during largely hands-off markets, may well look for changes during big market events. Advisors need to be prepared, with plans for how to respond, and with adjustments and reviews to reassure and readjust.
According to Alight, on 14 of December&#8217;s 21 trading days, equity funds were the most traded in 401(k) accounts. This suggests that retirement investors may be overexposed to equities, forgoing the benefits of diversification. Recent stock market performance makes this understandable, but advisors should be ready to advise clients on the risks of forgoing diversification.

Financial Advisors

Q4 Market Roller Coaster Reveals Retirement Planning Pitfalls

<a href="https://www.benzinga.com/personal-finance/25/01/42773692/i-dont-want-you-to-invest-like-im-young-mark-cuban-reveals-how-he-protected-his-wealth-after-selling-his-first-company">Mark Cuban</a> believes college is worth a shot for everyone, even if you don't graduate. It's not about the name on your diploma or even your major, he says – it's about learning how to learn and expanding your perspective.&nbsp;
In a <a href="https://www.youtube.com/watch?v=oEK2063FPLw">recent interview</a> with social media personality Jules Terpak, Cuban advised, "Go to a cheap school." Affordability is key for those concerned about student loan debt or unsure of their long-term goals.
According to the Education Data Initiative, the average cost of a four-year degree at a public college for in-state students is $27,146 annually, including tuition and living expenses. Private colleges are even pricier, averaging $58,628 per year.&nbsp;
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Cuban suggests students consider community colleges, where tuition averages just $3,990 annually, according to the American Association of Community Colleges. These institutions provide an affordable foundation, allowing students to transfer to four-year programs later.
Cuban, who began his education at the University of Pittsburgh before transferring to Indiana University, says he picked Indiana for its affordability. "At the time, it had the cheapest tuition among the top 10 business programs," he shared. Today, Indiana University's tuition for in-state students is $11,447 per year, well below the national average for public universities.
The financial argument for college is compelling. A Pew Research Center analysis of U.S. Census Bureau data highlights the significant impact of educational attainment on earnings among young adults.&nbsp;
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According to the analysis, Millennials aged 25 to 32 with a bachelor&#8217;s degree working full time earn a median annual income of about $45,500. In contrast, those with some college education earn approximately $30,000 and high school graduates earn around $28,000 annually.&nbsp;
Over a lifetime, this can translate to a significant earnings gap. However, Cuban acknowledges the risks of high debt, which the Federal Reserve&#8217;s 2023 data indicates show that the median student loan debt among borrowers was between $20,000 and $24,999.&nbsp;
For Cuban, college offers more than just earning potential. "It's about getting excited to learn and exposing yourself to all kinds of different people [and] ideas," he says.&nbsp;
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He also highlights the practical skills that can be gained, such as accounting, finance and marketing, which are invaluable even if you don't finish your degree. Cuban applied these lessons to build two <a href="https://www.benzinga.com/startups/24/12/42487831/this-ceos-journey-from-rock-bottom-to-100m-success-i-hated-my-job-quit-in-secret-and-built-showpo-over-glasses-of-red-wine">successful companies,</a> including Broadcast.com, which sold to Yahoo for $5.7 billion.
The idea that a school's prestige matters less than the student's experience is echoed by Jennifer Breheny Wallace, author and parenting researcher. Wallace told CNBC Make It, "There's no such thing as a ‘good college.'"&nbsp;
A Gallup-Purdue survey of 30,000 U.S. college graduates found that engaging in internships, building strong mentor relationships and participating in extracurriculars more significantly impacted future well-being than attending a highly selective school.
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Billionaire Mark Cuban On College Costs: 'Pick The Cheapest School You Can Find – It's About Learning, Not Prestige'

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas">many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The major indices experienced consecutive weekly losses, with the S&amp;P 500 falling 1.9%, the Nasdaq Composite dropping 2.3%, and the Dow sliding nearly 1.9% this week.
Wall Street&#8217;s post-election rally was erased amid rising concerns over interest rates, fueled by a strong labor market, soaring inflation expectations, and escalating geopolitical tensions as President-elect Donald Trump nears a return <a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">to the White House. </a>
December&#8217;s nonfarm payrolls surged to 256,000, far surpassing estimates, intensifying pressure on the Federal Reserve to curb inflation. Meanwhile, new sanctions targeting Russian oil companies and a spike in oil prices added <a href="https://www.benzinga.com/25/01/42928629/us-labor-market-smashes-expectations-wall-street-erases-post-election-rally-as-interest-rateanxiety-grows-this-week-in-the-markets">further market instability.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/25/01/42830046/amd-reveals-new-ai-processors-gaming-products-ahead-of-ces-2025-shares-rise">AMD Reveals New AI Processors, Gaming Products Ahead Of CES 2025, Shares Rise</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, highlights Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) unveiling the Ryzen AI Max series processors and enterprise-focused Ryzen PRO chips, showcasing AI-powered performance innovations for PCs, laptops, and gaming devices, sparking investor optimism.
&#8220;<a href="https://www.benzinga.com/25/01/42825654/rivians-strong-deliveries-r2-line-plans-and-vw-jv-expansion-drive-analyst-optimism">Rivian&#8217;s Strong Deliveries, R2 Line Plans And VW JV Expansion Drive Analyst Optimism</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, highlights Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) achieving 51,579 EV deliveries in 2024, surpassing analyst expectations, with plans for its 2026 R2 line and expanded joint ventures with Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) driving a positive outlook despite EV tax credit concerns.
&#8220;<a href="https://www.benzinga.com/25/01/42856421/from-earth-to-the-moon-intuitive-machines-and-nokia-launch-4glte-network">From Earth To The Moon: Intuitive Machines And Nokia Launch 4G/LTE Network</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/lekha-gupta">Lekha Gupta</a>, details the integration of Intuitive Machines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) and Nokia Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) technologies to deploy the first 4G/LTE lunar network during the IM-2 mission, enabling high-definition video and telemetry transmission via the Athena lander.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/general/sports/25/01/42882919/netflix-q4-to-show-advertising-live-sports-strength-analyst-says-multiyear-narrative-of-compounded-growth">Netflix Q4 To Show Advertising, Live Sports Strength, Analyst Says: &#8216;Multiyear Narrative Of Compounded Growth&#8217;</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42919268/nike-analyst-turns-bullish-visible-recovery-story-in-2025">Nike Analyst Turns Bullish: &#8216;Visible Recovery Story&#8217; In 2025</a>
<a href="https://www.benzinga.com/government/regulations/25/01/42843001/taiwan-semiconductor-ramps-up-production-in-japan-us-and-germany-to-diversify-away-from-china">Taiwan Semiconductor Ramps Up Production in Japan, US, and Germany to Diversify Away from China</a>
The Bears
&#8220;<a href="https://www.benzinga.com/tech/25/01/42879725/nvidia-ceo-sends-quantum-stocks-lower-poll-finds-over-50-pick-rigetti-or-skip-for-2025">Nvidia CEO Sends Quantum Stocks Lower: Poll Finds Over 50% Pick Rigetti Or Skip For 2025</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports on Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang's cautionary remarks about quantum computing&#8217;s practical timeline impacting stocks like Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), and D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), with Benzinga readers favoring Rigetti for 2025 despite steep declines.
&#8220;<a href="https://www.benzinga.com/25/01/42866225/notable-crypto-analyst-foresees-potential-dip-in-dogecoin-price">Dogecoin To Drop Further? Top Analyst Foresees Possible Dump For Memecoin If Bitcoin Doesn&#8217;t Bounce</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights analysts' concerns about Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), with one linking its potential decline to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) failing to recover, while another foresees a drop to $0.30 amid ongoing crypto market weakness.
&#8220;<a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin, And More</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, highlights China&#8217;s export ban on dual-use items to 28 U.S. companies, including Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), as part of escalating trade tensions and retaliation for U.S. arms sales to Taiwan.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a>
<a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger">US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

Long Ideas

Short Ideas

Trading Ideas

DOGE

LUNR

NVDA

QBTS

QUBT

RGTI

RIVN

VWAGY

Benzinga Bulls And Bears: Rivian, Intuitive Machines, Rigetti Computing — And Dogecoin Analyst Foresees Drop To 30 Cents

The world&#8217;s best soccer player is also a savvy real estate investor. Bloomberg reported that Inter Miami&#8217;s Argentine superstar, Lionel Messi, recently listed his Spanish-based real estate properties on a small stock exchange in that country, valuing them at $232 million. Messi&#8217;s company is called Edificio Rostower Socimi, and his collective properties are being listed on the digital-only Portfolio Stock Exchange as a REIT (Real Estate Investment Trust). His holdings comprise seven hotels, shops, offices, and houses.
According to Celebrity Net Worth, Messi is close to billionaire status and is likely not listing his real estate assets to make money but for tax purposes. In Spain, REITS are taxed lower than other companies, and investors usually list them to meet legal requirements.&nbsp;
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<h2 class="wp-block-heading">Luxury Miami Area Homes</h2>
Although Messi is undoubtedly the MLS&#8217;s star player and the best paid – according to <a href="https://www.benzinga.com/general/entertainment/24/12/42330923/espn-lands-on-disney-in-major-content-fusion-heres-what-it-actually-means">ESPN, </a>his deal with Inter Miami is estimated to be worth $150 million – Messi spent most of his career in Spain playing for FC Barcelona, thus most of his real estate holdings are based there. The diminutive soccer sorcerer has also been buying luxury U.S. real estate. According to the Miami Herald, he spent $10.75 million on a waterfront mansion in Fort Lauderdale. He also owns three condos in the Miami suburbs. In addition, Messi owns a home in his hometown of <a href="https://www.benzinga.com/markets/cannabis/24/07/39586771/lionel-messis-hometown-meet-the-cannabis-cultivators-breeders-caregivers-scoring-goals-for-the-c">Rosario in Argentina</a>.
<h2 class="wp-block-heading">A Billion-Dollar Lifetime Deal With Adidas</h2>
The eight-time Ballon d&#8217;Or winner, along with Cristiano Ronaldo, is one of the wealthiest soccer players in the world. As with most star athletes, endorsements have significantly influenced Messi&#8217;s staggering wealth. According to a Sportico estimate from 2023, Messi has earned $1.2 billion in salary, bonuses, and endorsements throughout his professional career.
In 2021, Forbes reported that Messi earned $33 million from endorsement deals with companies such as Adidas, Gatorade, and Pepsi. In 2022, the publication increased this to $65 million. However, this likely does not factor in the lifetime deal Messi signed with <a href="https://www.benzinga.com/news/earnings/24/04/38511886/adidas-puts-yeezy-history-behind-rides-fashion-high-with-samba-and-gazelle-shoes">Adidas</a> in 2017, which is estimated to be worth $1 billion. The deal includes a revenue-sharing element that compensates Messi a percentage of all jersey sales, among other apparel.
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<h2 class="wp-block-heading">Messi To Miami – A Gamble That Paid Off</h2>
Bringing Messi to Miami was a big financial gamble for the fledgling MLS team, who, before his arrival, had poor attendance figures and even poorer results. However, the gamble has paid off because the club has doubled its revenue since his arrival. It has increased its revenue from $50-$60 million before it arrives in 2022, increasing to $120-$130 million in 2023, and by the time the totals are in for 2024, the club is estimated to have generated over $200 million in revenue.
&#8220;It is completely night and day [after signing Messi], because what we are doing now with the team is totally on an international level,&#8221; Xavier Asensi, Inter Miami president of business operations, told ESPN. &#8220;Now we are talking about the global interest. Now it is football, not soccer.&#8221;&nbsp;
<h2 class="wp-block-heading">Apple Funded Messi&#8217;s Deal</h2>
Messi has also become a magnet for lucrative U.S. sponsorships, signing 11 deals over the last year, including Audi, JPMorgan Chase, Duracell, Lowe&#8217;s, Visa, and LaCroix. However, the key to bringing Messi to Miami was Inter Miami&#8217;s deal with Apple – a $2.5 billion, 10-year commitment to be the exclusive home of every MLS match streamed on Apple TV – giving the clubs a cut. Inter Miami&#8217;s sizable share allowed them to underwrite the cost of bringing Messi Stateside.&nbsp;
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<li><a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.<a href="https://www.benzinga.com/go/arrived-private-credit-yf"> </a></li>
</ul>

Real Estate

Lionel Messi Has A $232 Million Real Estate Portfolio. The Inter Miami Star Owns Hotels, Commercial Real Estate And Homes

Melania Trump&nbsp;is set to executive produce a new documentary on&nbsp;Amazon.com, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video, offering a rare glimpse into her life and influence in&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42806697/melania-trump-to-executive-produce-upcoming-amazon-documentary-offering-rare-insight-into-her-life-and-influence-in-donald-trumps-political-world" rel="noreferrer noopener">Donald Trump's</a><a target="_blank" href="https://www.benzinga.com/25/01/42806697/melania-trump-to-executive-produce-upcoming-amazon-documentary-offering-rare-insight-into-her-life-and-influence-in-donald-trumps-political-world" rel="noreferrer noopener">&nbsp;political sphere</a>.&nbsp;
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) remains unable to sell its&nbsp;iPhone 16&nbsp;in Indonesia. the company has&nbsp;not met Indonesia's domestic&nbsp;content requirements, which stipulate that smartphones sold in the country must include at<a target="_blank" href="https://www.benzinga.com/media/25/01/42890863/apples-airtag-factory-fails-to-impress-indonesia-iphone-16-sales-remain-banned-despite-local-production-plans" rel="noreferrer noopener"> least 35% locally-made components</a>.
Apple has clarified its privacy policies regarding Siri, following a $95 million settlement over allegations of unauthorized recordings. The company emphasized&nbsp;that it has never sold&nbsp;or used<a target="_blank" href="https://www.benzinga.com/tech/25/01/42890955/apple-clarifies-siri-privacy-policies-after-95-million-settlement" rel="noreferrer noopener"> Siri data for marketing purposes</a>.
Samsung Electronics Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is gearing up for CES 2025 with major announcements and futuristic tech. Samsung&#8217;s theme for this year&#8217;s CES presentation is <a target="_blank" href="https://www.benzinga.com/tech/25/01/42808821/samsung-ces-2025-press-conference-from-cutting-edge-ai-to-transparent-screens-heres-what-to-expect" rel="noreferrer noopener">"AI for All: Everyday, Everywhere.</a>"
Early announcements from Samsung&#8217;s newsroom highlight AI-enhanced refrigerators, appliances with built-in screens, and more. Expect features like advanced personalization and smarter home integration.
Samsung has confirmed the release of its much-anticipated&nbsp;<a href="https://www.benzinga.com/25/01/42836293/samsungs-ballie-is-finally-coming-in-2025-will-this-round-home-robot-live-up-to-the-hype" target="_blank" rel="noreferrer noopener">Ballie</a><a href="https://www.benzinga.com/25/01/42836293/samsungs-ballie-is-finally-coming-in-2025-will-this-round-home-robot-live-up-to-the-hype" target="_blank" rel="noreferrer noopener">&nbsp;home robot</a>.
Samsung announced its Unpacked event, set for Wednesday, Jan. 22, 2025, in San Jose. The event will showcase the new&nbsp;Galaxy S25&nbsp;series <a target="_blank" href="https://www.benzinga.com/25/01/42836040/samsung-unpacked-2025-date-time-livestream-details-and-galaxy-s25-pre-order-offers-everything-you-need-to-know" rel="noreferrer noopener">and advancements in&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/42836040/samsung-unpacked-2025-date-time-livestream-details-and-galaxy-s25-pre-order-offers-everything-you-need-to-know" rel="noreferrer noopener">Galaxy AI</a>.
Samsung is set to introduce a subscription model <a target="_blank" href="https://www.benzinga.com/tech/25/01/42893958/after-apple-halts-hardware-subscription-plans-samsung-unveils-similar-strategy-for-ai-powered-galaxy-smartphones" rel="noreferrer noopener">for its Galaxy smartphones</a>.
Media &amp; Gaming
Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;TV users are reportedly encountering issues with purchasing certain movies, including&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42808621/google-tv-reportedly-struggles-with-missing-movie-purchases-disney-classics-and-new-releases-now-locked-behind-streaming-services" rel="noreferrer noopener">Walt Disney Co.&#8217;s</a><a target="_blank" href="https://www.benzinga.com/25/01/42808621/google-tv-reportedly-struggles-with-missing-movie-purchases-disney-classics-and-new-releases-now-locked-behind-streaming-services" rel="noreferrer noopener">&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)&nbsp;classics</a>.
Walt Disney said that its streaming platforms have reached another milestone.&nbsp;The company&#8217;s streaming platforms,&nbsp;Disney+,&nbsp;Hulu, and&nbsp;ESPN+, have amassed approximately 157 million monthly active users globally who<a target="_blank" href="https://www.benzinga.com/25/01/42890512/disney-now-has-157-million-monthly-ad-supported-viewers-on-disney-hulu-and-espn-globally" rel="noreferrer noopener"> engage with ad-supported content</a>.
Technology
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has decided to temporarily pause construction on parts of its&nbsp;ambitious data center <a target="_blank" href="https://www.benzinga.com/25/01/42806852/microsoft-pauses-construction-on-33-billion-mount-pleasant-data-center-project-cites-technology-changes-and-design-re-evaluation" rel="noreferrer noopener">project&nbsp;in Mount Pleasant</a>.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;delivered the keynote at CES 2025. The keynote's highlight was the introduction of the latest&nbsp;GeForce&nbsp;RTX 5000&nbsp;Graphic cards series, which include the $1,999 RTX 5090, $999 RTX 5080, $749 <a target="_blank" href="https://www.benzinga.com/tech/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549" rel="noreferrer noopener">RTX 5070 Ti, and $549 RTX 5070</a>.
The lead product for&nbsp;Google's AI Studio&nbsp;has voiced concerns over the U.S. government's <a target="_blank" href="https://www.benzinga.com/25/01/42836724/google-lead-product-questions-americas-ai-priorities-as-platforms-embrace-chinese-models-its-so-great-so-cheap-so-fast-such-good-rate-limits" rel="noreferrer noopener">approach to artificial intelligence</a>.
Also, Nvidia CEO&nbsp;Jensen Huang&nbsp;introduced the company&#8217;s $3,000 "personal AI supercomputer," a compact, high-performance machine designed to run advanced AI models right <a target="_blank" href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack" rel="noreferrer noopener">from your desk at CES 2025</a>.
Amazon.com has expanded its home security portfolio with the launch of smart smoke <a target="_blank" href="https://www.benzinga.com/media/25/01/42838001/amazons-ring-introduces-smart-smoke-alarms-at-ces-2025-boosting-home-security-with-pro-monitoring-features" rel="noreferrer noopener">and carbon monoxide alarms</a>.
Dell Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) announced a major rebranding of its personal computers, aiming to boost sales by adopting a simplified <a target="_blank" href="https://www.benzinga.com/25/01/42869349/dell-takes-bold-step-to-revive-pc-sales-with-simplified-apple-like-brandingxps-and-inspiron-are-gone-for-good" rel="noreferrer noopener">naming strategy similar to&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/42869349/dell-takes-bold-step-to-revive-pc-sales-with-simplified-apple-like-brandingxps-and-inspiron-are-gone-for-good" rel="noreferrer noopener">Apple</a>.
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&#8217;s&nbsp;accusation of censorship has been firmly <a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/42891403/mark-zuckerberg-accuses-eu-of-censorship-spokesperson-pushes-back-on-metas-allegations-we-absolutely-refute-any-claims" rel="noreferrer noopener">denied by the European Commission</a>.
The Commission stated that their regulations only mandate the removal of illegal content. "We absolutely refute any claims of censorship," said a Commission spokesperson.
Artificial Intelligence (AI)
Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is making a significant move in the AI sector with a $300 million investment in&nbsp;DDN, a company known for its expertise <a target="_blank" href="https://www.benzinga.com/news/25/01/42892338/blackstone-invests-300-million-in-ai-data-firm-that-powers-elon-musks-xai-supercomputer" rel="noreferrer noopener">in data storage and analysis</a>.
Apple committed to updating its AI feature following a complaint from the BBC.&nbsp;The issue came to light last month after the BBC reported that an AI-generated summary falsely claimed that&nbsp;Luigi Mangione, accused of killing&nbsp;UnitedHealthcare&nbsp;CEO<a target="_blank" href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries" rel="noreferrer noopener">Brian Thompson</a><a target="_blank" href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries" rel="noreferrer noopener">, had shot himself</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;has made a bold prediction regarding the development of artificial general intelligence (AGI), suggesting it will <a target="_blank" href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough" rel="noreferrer noopener">occur during&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough" rel="noreferrer noopener">Donald Trump's</a><a target="_blank" href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough" rel="noreferrer noopener">&nbsp;presidency</a>.&nbsp;
Anthropic, the AI startup behind "Claude" backed by Jeff Bezos, is reportedly in advanced discussions to secure $2 billion in funding. This deal could elevate its valuation to $60 billion, positioning it among the top <a href="https://www.benzinga.com/markets/equities/25/01/42867792/jeff-bezos-backed-anthropic-set-to-become-one-of-the-top-5-us-startups-as-it-reportedly-eyes-60-billion-valuation-with-2-billion-funding-round" target="_blank" rel="noreferrer noopener">five most valuable U.S. startups</a>.
Image: Shutterstock

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Consumer Tech News (Jan 6-10): Microsoft Pauses Ambitious Data Center Project, Blackstone Makes $300 Million Investment In AI & More

Cathie Wood-led&nbsp;Ark Invest&nbsp;made significant trades in five major companies on Friday: Recursion Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>), Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Intellia Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>), Cloudflare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), and Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>).
The RXRX Trade
Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) purchased a substantial 264,596 shares of&nbsp;Recursion Pharmaceuticals.
The value of this trade, calculated from the closing price of $6.88, is approximately $1.82 million. This move comes despite RXRX&#8217;s stock closing at a 5.23% decrease on Friday.
The ILMN Trade
Ark Invest&#8217;s Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARK Innovation ETF both bought shares of&nbsp;Illumina Inc.
ARKG acquired 4038 shares, while ARKK purchased 11425 shares. The combined value of these trades, calculated from the closing price of $136.69, is approximately $1.97 million.
This move was made despite Illumina's stock closing at a 2.14% decrease on Friday.
See Also: <a href="https://www.benzinga.com/25/01/42931747/bitcoin-supercycle-incoming-says-economist-but-theres-a-catch">Bitcoin Supercycle Incoming, Says Economist, But There&#8217;s A Catch</a>
The NTLA Trade
Ark Invest&#8217;s Genomic Revolution ETF and ARK Innovation ETF both bought shares of&nbsp;Intellia Therapeutics.
ARKG acquired 41503 shares, while ARKK purchased 124799 shares.
The combined value of these trades, calculated from the closing price of $10.2, is approximately $1.46 million. This move was made despite NTLA&#8217;s stock closing at a 15.14% decrease on Friday.
Intellia Therapeutics announced a 27% workforce reduction on Friday to cut costs.
The NET Trade
Ark Invest&#8217;s Next Generation Internet ETF (ARKW) sold 7840 shares of&nbsp;Cloudflare.
The value of this trade, calculated from the closing price of $112.62, is approximately $882,608. This move was made despite NET&#8217;s stock closing at a 2.66% decrease on Friday.
The ADPT Trade
Ark Invest&#8217;s Genomic Revolution ETF sold 130,790 shares of&nbsp;Adaptive Biotechnologies.
The value of this trade, calculated from the closing price of $6.5, is approximately $850,135. This move was made despite ADPT&#8217;s stock closing at a 2.84% decrease on Friday.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931941/mark-zuckerberg-critiques-culturally-neutered-companies-advocates-for-masculine-energy-as-meta-cuts-dei-programs-">Mark Zuckerberg Critiques &#8216;Culturally Neutered&#8217; Companies, Advocates For &#8216;Masculine Energy&#8217; As Meta Cuts DEI Programs Post-Joe Rogan Appearance</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ark Invest

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ADPT

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ARKK

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Cathie Wood's Ark Invest Loads Up On Intellia Therapeutics Which Laid Off Over A Quarter Of Its Workforce

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) co-founder and CEO Mark Zuckerberg&nbsp;expressed concerns about companies distancing themselves from &#8220;masculine energy&#8221; during a podcast with&nbsp;Joe Rogan.
What Happened: Zuckerberg, who appeared on&nbsp;The Joe Rogan Experience, discussed his views on corporate culture and his personal interests, including&nbsp;mixed martial arts and hunting.
He emphasized the importance of creating environments where women can thrive in the workplace and added that he believes corporate culture should embrace both masculine and feminine energies.
"Masculine energy I think is good, and obviously society has plenty of that, but I think that corporate culture was really trying to get away from it," Zuckerberg said.
The podcast episode coincided with reports that said Meta is changing its content moderation policies. The company is ending third-party fact-checking in the U.S. and halting diversity training programs, according to an internal memo seen <a href="https://www.axios.com/2025/01/10/meta-dei-programs-employees-trump?ref=platformer.news">by</a> Axios.
"I think that that's all good. But I do think the corporate culture sort of had swung toward being this somewhat more neutered thing."
See Also: <a href="https://www.benzinga.com/25/01/42931869/jeff-bezos-amazon-to-pay-40-million-for-melania-trump-documentary-report">Jeff Bezos&#8217; Amazon To Pay $40 Million For Melania Trump Documentary: Report</a>
Zuckerberg also criticized the&nbsp;Biden administration&nbsp;for its approach to content moderation during the pandemic, claiming that officials overstepped their bounds.
He expressed optimism about&nbsp;Donald Trump&nbsp;returning to the White House, aligning Meta&#8217;s policies with the incoming administration.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The recent comments by Zuckerberg&nbsp;and the policy shifts at&nbsp;Meta are part of a broader strategy to restore free expression on its platforms.
For instance, Meta is <a href="https://www.benzinga.com/25/01/42851889/meta-ditches-fact-checking-for-community-notes-zuckerberg-says-opportunity-to-restore-free-expression">transitioning to a Community Notes style</a> of content moderation, similar to the approach taken by Elon Musk&#8217;s X.
This move is seen as a way to align with the incoming Trump administration, following a significant <a href="https://www.benzinga.com/news/24/12/42454227/months-after-trump-threatened-to-put-mark-zuckerberg-in-prison-meta-ceo-donates-1m-to-president-elects-inaugural-event">$1 million donation by Zuckerberg</a> to Trump&#8217;s inauguration event.
This donation is part of efforts to mend relations with Trump, who had previously criticized Meta for censoring conservative voices.
Zuckerberg also <a href="https://www.benzinga.com/25/01/42931361/mark-zuckerberg-says-biden-officials-berated-meta-staff-as-they-refused-to-remove-true-content-it-just-got-to-thi">revealed instances</a> where Biden officials pressured Meta staff to remove certain content, which the company resisted, marking a shift towards a more open platform.
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Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To &#8216;Deliver Immediately&#8217; On His &#8216;Promise&#8217; To Save App From US Ban: &#8216;We Don&#8217;t Need The Supreme Court To…&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ray-Ban

Entertainment

Mark Zuckerberg Critiques 'Culturally Neutered' Companies, Advocates For 'Masculine Energy' As Meta Cuts DEI Programs Post-Joe Rogan Appearance

In a display of opulence,&nbsp;Jeff Bezos&#8216; <a href="https://www.benzinga.com/general/entertainment/23/05/32618155/jeff-bezos-500m-superyacht-is-so-big-it-has-a-support-boat-with-a-helipad-crane-and-storage">superyacht &#8220;Koru&#8221;</a> stole the spotlight at the annual St. Barts festival, where 173 billionaires showcased their superyachts.
What Happened: The event took place as&nbsp;2024 came to a close,&nbsp;with&nbsp;the capital city of Gustavia&nbsp;hosting the elite gathering.
The festival, known for its luxurious atmosphere with&nbsp;Michelin-star restaurants and designer shops, saw Bezos&#8217; $500 million yacht emerge as the highlight.
Despite not being the largest, Koru is recognized as the most expensive superyacht, featuring a distinctive three-mast design and a statue of the Norse god Freyja.
The event marked the end of St. Bart&#8217;s high season, <a href="https://www.boatinternational.com/boat-pro">with</a> BoatPro&#8217;s global tracker confirming the presence of 173 superyachts.
Other notable vessels included Shahid Khan&#8217;s $360 million yacht, Nancy Walton Laurie&#8217;s $300 million Kaos, and WhatsApp co-founder Jan Koum&#8217;s 328-foot yacht.
While Google Co-Founder Sergey Brin owns the largest superyacht, Bezos&#8217; Koru captivated attendees with its grandeur, solidifying its status as the centerpiece of the celebration.
See Also: <a href="https://www.benzinga.com/25/01/42931807/t-mobile-sued-over-massive-data-breach-impacting-79-million-americans-sensitive-information-included-names-addresses-and-more">T-Mobile Sued Over Massive Data Breach Impacting 79 Million Americans: Sensitive Information Included Names, Addresses, And More</a>
Why It Matters: The journey of Bezos&#8217; yacht, Koru, has been marked by significant events since its inception.
Initially, the yacht was <a href="https://www.benzinga.com/news/22/08/28385974/jeff-bezos-500-million-superyacht-has-been-relocated-after-bridge-controversy-avoids-getting-egged-i">embroiled in controversy</a> when it was revealed that a historic bridge in the Netherlands might need dismantling to allow the vessel&#8217;s passage.
This led to the yacht being relocated from the&nbsp;Oceanco shipyard&nbsp;to avoid public backlash.
In 2023, the yacht was seen cruising the Mediterranean, accompanied by a support vessel named Abeona, which features a helipad and extensive storage facilities.
The yacht&#8217;s grandeur was further highlighted when Bezos hosted celebrities like Kim Kardashian and Leonardo DiCaprio for summer festivities, showcasing the yacht&#8217;s lavish amenities.
Bezos&#8217; transition from leading&nbsp;Amazon.com Inc.&nbsp;to focusing on ventures like&nbsp;<a href="https://www.benzinga.com/general/entertainment/24/09/40860724/bezos-doesnt-sunbathe-alone-on-his-25m-a-year-superyacht-as-he-hosts-kim-kardashian-leonard">Blue Origin</a>&nbsp;and enjoying his superyacht underscores a shift in his personal and professional life.
The yacht&#8217;s presence at the St. Barts festival not only signifies Bezos&#8217; status but also highlights the broader trend of billionaires investing in luxury assets.
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<li><a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To ‘Deliver Immediately' On His ‘Promise' To Save App From US Ban: ‘We Don't Need The Supreme Court To…'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Jeff Bezos' $500 Million Superyacht Koru Steals The Show At St. Bart's Annual Festival Where 173 Billionaires Turned Up With Their Yachts

Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is reportedly investing $40 million in a documentary about&nbsp;Melania Trump, directed by&nbsp;Brett Ratner.
What Happened: The deal also includes a follow-up docuseries, marking Ratner&#8217;s return to filmmaking after a hiatus since 2018, according <a href="https://puck.news/melania-trump-documentary-scores-massive-amazon-payday">to</a> a report by Puck.
The documentary will have a limited theatrical release before becoming available on Prime Video.
Amazon&#8217;s acquisition of the documentary is notable for its involvement of Melania Trump herself.
This project comes amid ongoing speculation about Amazon founder&nbsp;Jeff Bezos&nbsp;and his connections to the Trump family.
The deal also includes a previously undisclosed project related to the former first lady. The release on Prime Video also highlights Amazon&#8217;s continued investment in exclusive content to attract subscribers.
See Also: <a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To ‘Deliver Immediately' On His ‘Promise' To Save App From US Ban: ‘We Don't Need The Supreme Court To…'</a>
Why It Matters: The acquisition of the Melania Trump documentary by Amazon is set against a backdrop of previous interactions between Bezos and the incoming Trump administration.
In December, Bezos expressed optimism about President-elect Donald Trump&#8217;s second term, highlighting potential regulatory reductions.
At the&nbsp;<a href="https://www.benzinga.com/media/24/12/42331420/jeff-bezos-optimistic-about-trumps-second-term-wants-to-help-streamline-rules-we-do-have-too-many-regulations-in-this-country">New York Times DealBook Summit</a>, Bezos stated, &#8220;I&#8217;m actually very optimistic this time around,&#8221; referring to Trump&#8217;s enthusiasm for reducing regulations.
Additionally, Amazon pledged $1 million to Trump&#8217;s inaugural event in January 2024, aligning with other tech giants like&nbsp;Meta Platforms Inc.
This move was <a href="https://www.benzinga.com/25/01/42801809/apple-ceo-tim-cook-reportedly-donates-1-million-to-trump-inauguration-joins-ranks-of-mark-zuckerberg-jeff-bezos-and-sam-altman">part of a broader trend</a> where tech leaders, including&nbsp;Apple Inc.&nbsp;CEO Tim Cook, contributed to Trump&#8217;s inauguration, emphasizing unity and tradition.
Cook, along with Bezos, was among those who donated $1 million to the event.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/01/42801788/jeff-bezos-says-good-old-days-are-such-an-illusion-as-far-as-planet-earth-is-concerned-but-theres-one-except">Jeff Bezos Says ‘Good Old Days' Are ‘Such An Illusion' As Far As Planet Earth Is Concerned, But There's One Exception</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Flickr

Jeff Bezos' Amazon To Pay $40 Million For Melania Trump Documentary: Report

Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) has reportedly secured a deal worth over $1 billion to supply servers optimized for artificial intelligence to Elon Musk&#8216;s social media platform, X.
What Happened: The deal between HP and X was finalized late last year, Bloomberg News <a href="https://www.bloomberg.com/news/articles/2025-01-10/hpe-wins-1-billion-ai-server-deal-for-elon-musk-s-x">reported</a> on Friday, citing sources familiar with the matter.
The servers are tailored for AI applications, a segment witnessing robust demand from enterprises. Competitors Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) and Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) also vied for the contract.
The market for AI servers has been expanding, with businesses increasingly looking for hardware that can support artificial intelligence applications. Companies under Musk&#8217;s leadership, including&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and xAI, have become prominent clients for such hardware. 
Why It Matters: Musk&#8217;s interest in AI is well-documented. In a recent discussion, Musk predicted that AI could reach <a href="https://www.benzinga.com/news/24/10/41618261/elon-musk-predicts-ai-will-match-human-capabilities-in-few-years-the-cup-is-80-full-maybe-90">human-level capabilities by&nbsp;2029.</a> "I certainly feel comfortable saying that it's getting 10 times better per year which is, let's say, four years from now that would mean 10,000 times better," Musk said.
 His AI startup, xAI, is also making strides, with Musk announcing the integration of its <a href="https://www.benzinga.com/tech/25/01/42867252/xais-grok-chatbot-to-be-integrated-into-tesla-vehicles-soon-says-elon-musk">Grok chatbot into Tesla vehicles&nbsp;</a>soon. Musk shared the update during a live stream on X, stating, &#8220;Grok in Teslas is coming soon. You will be able to talk to your Tesla and ask for anything.&#8221;&nbsp;
Meanwhile, Musk&#8217;s social media platform, X, is facing competition from&nbsp;<a href="https://www.benzinga.com/25/01/42867967/elon-musks-x-rival-bluesky-is-being-valued-at-700-million-after-explosive-growth-post-trumps-victory-report">Bluesky, a rival platform that is reportedly </a>nearing a $700 million valuation. 
Price Action:&nbsp;On Friday, HPE stock saw a 0.23% increase, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
The latest analyst ratings for Hewlett Packard Enterprise Co. were issued by Deutsche Bank, Loop Capital, and Barclays on Dec. 19, Dec. 9, and Dec. 6, respectively. <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">With an average price target</a> of $25.33 across these firms, the ratings suggest an implied upside of 14.01% for the company.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/quote/HPE/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/10232310/Screenshot-2025-01-11-at-9.53.03%E2%80%AFAM.png" alt="" class="wp-image-729087" style="width:376px;height:auto" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/social-media/25/01/42833727/dana-white-wanted-elon-musk-mark-zuckerberg-in-cage-fight-now-hes-on-metas-board-of-directors" target="_blank" rel="noreferrer noopener">Dana White Wanted Elon Musk, Mark Zuckerberg In Cage Fight, Now He's On Meta's Board Of Directors</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

SMCI

TSLA

Elon Musk's X, Hewlett Packard Strike $1 Billion AI Server Deal: Report

Washington state has taken legal action against&nbsp;T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)&nbsp;for <a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report">allegedly neglecting cybersecurity vulnerabilities</a>, leading to a significant data breach in 2021 that impacted 79 million people across the U.S.
What Happened: The lawsuit,&nbsp;filed by Washington Attorney General&nbsp;Bob Ferguson, accuses T-Mobile of ignoring known security issues and failing to adequately notify over two million Washington residents affected by the breach.
The breach exposed sensitive personal information, such as names, phone numbers, and Social Security numbers.
The lawsuit claims T-Mobile&#8217;s notifications about the&nbsp;breach violated the Consumer Protections&nbsp;Act by omitting crucial details, making it difficult for individuals to assess their risk of identity theft.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Furthermore, the filing criticizes T-Mobile for not adhering to industry cybersecurity standards and using weak passwords to protect sensitive data.
Ferguson emphasized that the data breach was &#8220;entirely avoidable&#8221; and highlighted T-Mobile&#8217;s failure to address vulnerabilities.
The lawsuit seeks compensation for affected customers and demands improvements in T-Mobile&#8217;s cybersecurity practices and transparency.
This legal action follows T-Mobile&#8217;s previous settlements, including a $350 million payout in 2022 related to the same breach.
See Also: <a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To &#8216;Deliver Immediately&#8217; On His &#8216;Promise&#8217; To Save App From US Ban: &#8216;We Don&#8217;t Need The Supreme Court To…&#8217;</a>
Why It Matters: The lawsuit against T-Mobile comes amid heightened concerns over cybersecurity threats, particularly from foreign actors.
In recent years, major telecom companies, including T-Mobile, have been targeted by cyber-espionage operations linked to Chinese intelligence.
A&nbsp;<a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report">report</a>&nbsp;from November revealed that T-Mobile and other telecom giants, such as&nbsp;AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>)&nbsp;and&nbsp;Verizon Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), were compromised in a large-scale cyber-espionage operation attributed to Chinese hackers.
This breach raised <a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit">significant national security concerns</a> as it targeted cellphone communications of high-value intelligence targets.
Earlier in 2024, the FBI warned about <a href="https://www.benzinga.com/news/24/04/38330156/fbi-chief-warns-xi-jinpings-ccp-linked-chinese-hackers-are-planning-to-physically-wreak-havoc-on-us">Chinese hackers</a> infiltrating U.S. critical infrastructure, including telecommunications, energy, and water sectors.
FBI Director Christopher Wray cautioned that these hackers could potentially &#8220;physically wreak havoc&#8221; on U.S. infrastructure at a time of their choosing.
These incidents underscore the <a href="https://www.benzinga.com/news/24/05/38659657/major-hacking-incident-exposes-data-of-military-personnel-in-uk-ministry-of-defence-breach-is-china">growing threat of cyberattacks</a> and the need for robust cybersecurity measures to protect sensitive data and national security.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931747/bitcoin-supercycle-incoming-says-economist-but-theres-a-catch">Bitcoin Supercycle Incoming, Says Economist, But There&#8217;s A Catch</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

TMUS

T-Mobile Sued Over Massive Data Breach Impacting 79 Million Americans: Sensitive Information Included Names, Addresses, And More

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is experiencing a drop in its market share in China. This decline is attributed to a decrease in iPhone shipments, as reported by&nbsp;supply chain analyst Ming-Chi Kuo. 
What Happened: &nbsp;Kuo, an analyst at TF&nbsp;Securities, <a href="https://medium.com/@mingchikuo/apple-likely-to-face-fiercer-challenges-in-2025-requiring-caution-against-potential-downside-risks-5cec099e1d5d">revealed</a> that Apple has been &#8220;cautious&#8221; in discussing its&nbsp;2025 iPhone production plans with&nbsp;key suppliers. Despite&nbsp;the expected launch of the&nbsp;new iPhone SE 4, Kuo forecasts a 6% year-over-year decline in shipments&nbsp;for the first half of&nbsp;2025.
He also expects Apple&#8217;s&nbsp;market share to continue to&nbsp;decline, attributing this to the thin design of two upcoming iPhone models, which may only support eSIM, a feature not widely promoted in the Chinese market.
"These two models could face shipping momentum challenges unless their design is modified," he said.
See Also: <a href="https://www.benzinga.com/25/01/42931361/mark-zuckerberg-says-biden-officials-berated-meta-staff-as-they-refused-to-remove-true-content-it-just-got-to-this-pointthats-ridiculous">Mark Zuckerberg Says Biden Officials Berated Meta Staff As They Refused To Remove &#8216;True&#8217; Content: &#8216;It Just Got To This Point…That&#8217;s Ridiculous</a>&#8216;
In December, while overall smartphone shipments in China remained stable year-over-year, iPhone shipments saw a decline of 10% to 12%. Kuo pointed out that Apple's on-device artificial intelligence feature, Apple Intelligence, has yet to drive hardware upgrades or boost services revenue.
For 2024, Apple's estimated iPhone shipments were around 220 million units, with projections for 2025 ranging from 220 million to 225 million, falling short of the market consensus of 240 million or more, according to Kuo.
Why It Matters: This news comes in the wake of a series of challenges for Apple. Earlier in the month, an analyst downgraded <a href="https://www.benzinga.com/25/01/42854151/apple-faces-downgrade-amid-iphone-challenges-turns-to-news-for-growth">Apple from Neutral to Sell </a>and lowered the price target from $202 to $188. MoffettNathanson analyst Craig Moffett cited the lack of traction for iPhone 16 models featuring artificial intelligence and ongoing geopolitical tensions with China.
Apple also reached a $95 million settlement in a lawsuit regarding allegations of unauthorized Siri recordings. After the <a href="https://www.benzinga.com/news/25/01/42903742/apple-clarifies-siri-privacy-policy-after-95-million-settlement-over-allegations-of-unauthorized-rec">Siri privacy policies</a> lawsuit, the company clarified that it has never sold or used Siri data for marketing purposes.
Despite these controversies, Apple&#8217;s CEO&nbsp;Tim Cook&nbsp;saw a significant increase in his&nbsp;<a href="https://www.benzinga.com/tech/25/01/42931220/apple-ceo-tim-cook-took-home-74-6-million-in-2024-up-18-despite-ai-and-siri-privacy-controversies">annual compensation in 2024</a>. Cook's total compensation for 2024 rose by 18% from the previous year, reaching $74.6 million,&nbsp;the company said in a proxy filing on Friday.
Price Action: On Friday, Apple's stock saw a 2.41% decrease, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Apple has a consensus price target of $245.17, <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">according to 30 analysts tracked by Benzinga</a> The most recent ratings, issued by MoffettNathanson, Bernstein, and B of A Securities on Jan. 7 and 3, 2025, suggest an average price target of $234.67, implying a slight downside of -0.99% based on these assessments.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/AAPL/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/10225601/Screenshot-2025-01-11-at-9.25.54%E2%80%AFAM-1024x392.png" alt="" class="wp-image-729079" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/social-media/25/01/42833727/dana-white-wanted-elon-musk-mark-zuckerberg-in-cage-fight-now-hes-on-metas-board-of-directors" target="_blank" rel="noreferrer noopener">Dana White Wanted Elon Musk, Mark Zuckerberg In Cage Fight, Now He's On Meta's Board Of Directors</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple Staring At Market Share Decline In China Amid Declining iPhone Shipments: Top Analyst Flags Why Some Models Could Be Face Shipping Momentum Challenges

Economist and trader&nbsp;Alex Kruger&nbsp;has expressed a bullish outlook on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), despite the cryptocurrency currently trading 13% below its all-time high.
What Happened: Kruger believes that Bitcoin has significant potential for growth and is far from reaching the peak of its cycle.
He attributes this optimism to&nbsp;the approval of spot Bitcoin&nbsp;exchange-traded funds (ETFs) in January&nbsp;2024, which he suggests may alter Bitcoin&#8217;s traditional four-year halving cycles.
"The&nbsp;introduction of the ETF and&nbsp;the significant flows they bring&nbsp;make the correlation between risk&nbsp;and Bitcoin more sustainable," Kruger said on a recent episode of the Unchained podcast.
He emphasized that current market conditions are evolving, with the halving&#8217;s impact diminishing and the presence of ETFs.
However, Kruger cautioned that a supercycle does not imply continuous upward movement.
He explained, &#8220;We have shorter corrections&#8230;&nbsp;smaller drawdowns that last for&nbsp;shorter periods,&#8221; provided equities and the economy perform well.
As of now, Bitcoin is priced at $94,343, approximately 13% below its peak of $108,268.
Why It Matters: The prediction of a Bitcoin supercycle comes amid a backdrop of diverse opinions on the cryptocurrency&#8217;s future.
Recently,&nbsp;Anthony Scaramucci, CEO of SkyBridge Capital, shared his strategy on Bitcoin, <a href="https://www.benzinga.com/25/01/42906639/anthony-scaramucci-was-asked-about-his-take-profit-strategy-on-bitcointhis-is-what-he-said">emphasizing a focus on altcoins</a> like Solana while maintaining his Bitcoin holdings.
Scaramucci noted that the market&#8217;s maturity could lead to Bitcoin lending and earning mechanisms akin to traditional banking.
Conversely, economist&nbsp;Peter Schiff&nbsp;criticized Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42894166/peter-schiff-counters-bitcoins-safe-haven-narrative-amid-forecast-of-impending-fiat-train-wreck-there-is-no-riskier-asset">labeling it as the riskiest asset</a>, challenging its reputation as a safe haven. Schiff&#8217;s comments highlight the ongoing debate about Bitcoin&#8217;s role in financial markets.
Additionally,&nbsp;Arthur Hayes, co-founder of BitMEX, speculated that changes in U.S. banking regulations could <a href="https://www.benzinga.com/25/01/42802338/bitcoin-to-hit-1-million-arthur-hayes-says-another-signpost-has-appeared-amid-us-debt-concerns">potentially drive Bitcoin&#8217;s value to $1 million</a>. Hayes pointed to possible exemptions from the supplementary leverage ratio rule as a catalyst for increased liquidity and Bitcoin&#8217;s price surge.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How Bitcoin and Crypto Will React to Trump's Inauguration: Bits + Bips" width="500" height="281" src="https://www.youtube.com/embed/nykvv_9BlXg?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>
Price Action: Bitcoin was trading at $94,398 at the time of writing, up by 0.43% in the past 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931704/tiktok-users-call-on-trump-to-deliver-immediately-on-his-promise-to-save-app-from-us-ban-we-dont-need-the-supreme-court-to">TikTok Users Call On Trump To &#8216;Deliver Immediately&#8217; On His &#8216;Promise&#8217; To Save App From US Ban: &#8216;We Don&#8217;t Need The Supreme Court To…&#8217;</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Bitcoin Supercycle Incoming, Says Economist, But There's A Catch

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start the trading week with a breakdown of the biggest pre-market stock movers worth reading about on Monday!



Moving stocks are the assassination attempt on former President Donald Trump, new agreements and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>DatChat (NASDAQ:<a href="https://investorplace.com/stock-quotes/dats-stock-quote/">DATS</a>) stock is rocketing more than 122% following <a href="https://www.cnn.com/politics/live-news/trump-rally-shooting-07-14-24/index.html">the assassination attempt</a> on former President Donald Trump.</li>



<li>Trump Media &amp; Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/djt-stock-quote/">DJT</a>) shares are soaring over 56% after the assassination attempt on the former President.</li>



<li>Phunware (NASDAQ:<a href="https://investorplace.com/stock-quotes/phun-stock-quote/">PHUN</a>) stock is surging more than 43% for those same reasons.</li>



<li>Pop Culture (NASDAQ:<a href="https://investorplace.com/stock-quotes/cpop-stock-quote/">CPOP</a>) shares are rising close to 38% alongside heavy pre-market trading.</li>



<li>Vince (NYSE:<a href="https://investorplace.com/stock-quotes/vnce-stock-quote/">VNCE</a>) stock is increasing over 23% without any news to report this morning.</li>



<li>Crown LNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) shares are heading more than 18% higher with strong early morning trading today.</li>



<li>Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/btfx-stock-quote/">BTFX</a>) stock is climbing over 18% alongside a Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) rally</li>



<li>ProShares Trust ProShares Ultra Bitcoin ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/bitu-stock-quote/">BITU</a>) shares are gaining more than 17% for the same reason.</li>



<li>Universe Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/upc-stock-quote/">UPC</a>) stock is jumping over 15% without any clear news this morning.</li>



<li>ProShares Trust ProShares Ultra Ether ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/etht-stock-quote/">ETHT</a>) shares are up nearly 15% with a crypto rally.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Gamer Pakistan (NASDAQ:<a href="https://investorplace.com/stock-quotes/gpak-stock-quote/">GPAK</a>) stock is diving more than 25% without any clear news to report on Monday morning.</li>



<li>Qualigen Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/qlgn-stock-quote/">QLGN</a>) shares are tumbling over 23% <a href="https://investorplace.com/2024/07/why-is-qualigen-qlgn-stock-up-141-today/">after a recent rally</a>.</li>



<li>TDH (NASDAQ:<a href="https://investorplace.com/stock-quotes/petz-stock-quote/">PETZ</a>) stock is taking a more than 21% beating after a Friday rally.</li>



<li>Eastside Distilling (NASDAQ:<a href="https://investorplace.com/stock-quotes/east-stock-quote/">EAST</a>) shares are sliding over 21% despite a lack of news this morning.</li>



<li>Moolec Science (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlec-stock-quote/">MLEC</a>) stock is dropping more than 18% <a href="https://www.stocktitan.net/news/MLEC/moolec-signs-an-offtake-agreement-with-major-global-cpg-company-to-sfqwiqzywbga.html">after signing an offtake agreement</a>.</li>



<li>Lottery.com (NASDAQ:<a href="https://investorplace.com/stock-quotes/ltry-stock-quote/">LTRY</a>) shares are decreasing over 17% on Monday morning.</li>



<li>ProShares Trust ProShares UltraShort Bitcoin ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/sbit-stock-quote/">SBIT</a>) stock is falling more than 16% this morning.</li>



<li>Logistic Properties (NYSEMKT:<a href="https://investorplace.com/stock-quotes/lpa-stock-quote/">LPA</a>) shares are slipping over 15% after <a href="https://www.nasdaq.com/press-release/logistic-properties-americas-expands-board-appointments-two-independent-directors">adding two new directors</a>.</li>



<li>Locafy (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcfy-stock-quote/">LCFY</a>) stock is dipping more than 15% today.</li>



<li>BioNexus Gene Lab (NASDAQ:<a href="https://investorplace.com/stock-quotes/bglc-stock-quote/">BGLC</a>) shares close out our pre-market stock movers down over 15% on Monday.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-monday-july-15th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Monday

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BGLC

BITU

BTFX

BZFD

CGBS

CMCM

CPOP

EAST

EDUC

ETHT

FFIE

GPAK

LCFY

LRHC

LTRY

MDIA

MLEC

PETZ

PHUN

QLGN

SBIT

SIFY

UONE

VNCE

Earnings

Press Releases

Pop Culture Announces Improvement in Overall Operations During the Six Months Ended December 31, 2023

Pop Culture Announces Improvement in Overall Operations During the Fiscal Year Ended June 30, 2024

LiveOne

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Manchester United

Marcus

Mega Matrix

Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden

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