El interés en corto de Sun Country Airlines da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Sun Country Airlines. Los datos de interés en corto se actualizan cada dos semanas.

Sun Country Airlines (NASDAQ:SNCY) Bolsa, Informe de interés en corto

Sun Country Airlines

Sun Country Airlines Holdings Inc operates low-cost air carriers. The business has two operating segments: Passenger and Cargo. The passenger segment has two internal passenger groups Scheduled service and Charter. The Cargo segment provides air cargo services. The majority of the revenue is from the passenger segment.

Sun Country Airlines Holdings, Inc. - Common Stock

Sun Country Airlines Holdings Inc

A recent survey by NuggMD, a cannabis telehealth platform, found that a majority of cannabis users intend to vote for Vice President Kamala Harris in the <a href="https://www.benzinga.com/topic/2024-presidential-election">upcoming election. </a>
According to the poll (<a href="https://www.marijuanamoment.net/majority-of-marijuana-consumers-plan-to-vote-for-kamala-harris-over-donald-trump-despite-both-candidates-backing-legalization-poll-finds/">via </a>Marijuana Moment), 53% of surveyed cannabis consumers said they plan to support Harris, while 40% favor former President Donald Trump. Six percent of respondents reported being undecided.
See Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41557477/trump-has-an-enemies-list-i-have-a-to-do-list-says-kamala-harris-cannabis-legalization-is-on-it"> &#8216;Trump Has An Enemies List, I Have A To-Do List,&#8217; Says Kamala Harris — Cannabis Legalization Is On It</a>
This poll, conducted from October 24-27 among 623 self-identified cannabis consumers, also provides insight into state-level trends across six key states: California, Missouri, New York, Ohio, Oklahoma and Pennsylvania. In three of these states, Harris holds the lead, two states lean toward Trump, and one remains evenly split among cannabis voters.
Here's the state-by-state breakdown from the NuggMD poll:
California: Harris: 55% &#x7C; Trump: 39%
Missouri: Harris: 49% &#x7C; Trump: 49%
New York: Harris: 61% &#x7C; Trump: 35%
Ohio: Harris: 42% &#x7C; Trump: 58%
Oklahoma: Harris: 37% &#x7C; Trump: 54%
Pennsylvania: Harris: 69% &#x7C; Trump: 31%
The poll also revealed strong bipartisan support among Pennsylvania voters in competitive districts for marijuana legalization, including some backing from traditionally Republican areas. 
Another survey released on Oct.25 by YouGov, suggested that a majority of voters, including many Trump supporters, support the Biden administration's recent push to reschedule marijuana.
<h3 class="wp-block-heading">Cannabis Policy Becomes Central Topic In The US Elections</h3>
As the first U.S. election where both major-party candidates support federal marijuana reform, cannabis policy is a central topic. 
Harris has stated her commitment to marijuana legalization, listing it as a priority on <a href="https://www.benzinga.com/markets/cannabis/24/10/41371428/kamala-harris-marijuana-plan-could-remove-barriers-to-employment-housing-and-education-for-black">her "to-do list" if elected</a>. She recently promised to "break down unjust legal barriers" and make recreational marijuana "the law of the land."
Trump, meanwhile, voiced support for a Florida cannabis legalization ballot measure but faces criticism from the Harris campaign, which has pointed to his previous administration's stance on cannabis. 
His running mate, Senator J.D. Vance (R-OH), advocates for state-level cannabis decisions but also supports stronger enforcement actions, citing concerns about fentanyl-laced cannabis.
NuggMD's survey has a margin of error of +/- 3.9 percentage points. The company's previous polls indicate a strong preference among cannabis users for regulated cannabis markets, with nearly 80% reporting they purchase primarily from licensed retailers.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41494729/not-eating-gummies-says-kamala-harris-about-how-she-copes-with-election-stress-as-polls-tighten-">&#8216;Not Eating Gummies!&#8217; Says Kamala Harris About How She Copes With Election Stress As Polls Tighten Against Donald Trump</a></li>
</ul>
Image credits: Shutterstock.

Cannabis

News

Politics

Markets

Poll: Most Cannabis Users Back Harris Over Trump, Despite Both Supporting Legalization

Renowned economist Peter Schiff questioned the soaring market capitalization of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) proxy company MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) compared to gold mining companies.
What Happened: In a recent X post, Schiff pointed out that MicroStrategy, despite not earning or producing much, has a market valuation exceeding all gold mining companies except for Newmont Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), the largest in the sector. 
Schiff even initiated an X poll, asking his followers if MicroStrategy&#8217;s market cap will eventually surpass Newmont&#8217;s. As things turned out, more than 83% voted in favor of such an outcome. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/MicroStrategy?src=hash&amp;ref_src=twsrc%5Etfw">#MicroStrategy</a> earns nothing and practically produces nothing, yet its current market capitalization exceeds that of every <a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> mining company in the world except for Newmont, which has a market cap roughly 45% higher. Do you think <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a>&#39;s market cap will surpass <a href="https://twitter.com/search?q=%24NEM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NEM</a>&#39;s?
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1850910060089651484?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As of this writing, MicroStrategy has a market cap of $47.764 billion, narrowly trailing Newmont, which was valued at $54.42 billion. Since the beginning of the year, shares of MicroStrategy have popped an impressive 276.9%, while the gold-mining company has grown by 16.84% year-to-date.
The short-term performance also favors the Bitcoin development company, which jumped 53% over the month compared to Newmont, which fell 10.57% during the same period.
Comparing the technical indicators of the two stocks, all of MicroStrategy&#8217;s moving averages flashed a &#8216;Buy&#8217; signal, while the momentum indicator Moving Average Convergence Divergence, which compares an asset&#8217;s long-term performance versus short-term, was also bullish, <a href="https://in.tradingview.com/symbols/NASDAQ-MSTR/technicals/">according</a> to TradingView. 
On the other hand, Newmont&#8217;s moving averages all <a href="https://in.tradingview.com/symbols/NYSE-NEM/technicals/">indicated </a>a &#8216;Sell&#8217; signal, implying a bearish condition.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41611332/jade-city-launches-mvp-platform-to-revolutionize-50-billion-jade-market-with-blockchain">Jade City Launches MVP Platform To Revolutionize $50 Billion Jade Market With Blockchain</a>
Why It Matters: This wasn&#8217;t the first time Schiff has expressed skepticism towards MicroStrategy. Last week, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41478505/peter-schiff-predicts-a-bloodbath-for-microstrategy-stock-calls-it-the-most-overvalued-on-">predicted a crash for the company</a>, terming it the most overvalued stock in the MSCI World Index. &#8220;When it finally crashes, that's gonna be the real bloodbath!" he said. 
Powered by the Bitcoin strategy, MicroStrategy under Michael Saylor has outperformed many top players on Wall Street. With year-to-date gains of 272%, it netted <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41567772/ahead-of-mag-7-earnings-season-michael-saylor-celebrates-bitcoin-proxy-microstrategys-reco">higher returns this year</a> than the &#8220;Magnificent 7&#8221; companies
As of this writing, the company held over $18 billion in Bitcoin on its books,&nbsp;<a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to bitcointreasuries.net.
Price Action: At the time of writing, Bitcoin was exchanging hands at $72,477.89, up 2.20% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Bitcoin&#8217;s rally boosted shares of MicroStrategy up 1.14% to $258.24 on Tuesday.
Photo Courtesy: Wikimedia Commons
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41608795/remember-the-passports-for-bitcoin-initiative-in-el-salvador-its-not-going-so-well">Remember The &#8216;Passports For Bitcoin&#8217; Initiative In El Salvador? It&#8217;s Not Going So Well</a></li>
</ul>

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

Cryptocurrency

$BTC

MSTR

Peter Schiff Asks Followers If MicroStrategy Can Tower This Gold Mining Giant In Marketcap — Here's The Message They Delivered

Crusoe Energy, a data center startup, has secured a $500 million equity investment led by Peter Thiel&#8216;s Founders Fund to expand its artificial intelligence infrastructure.
What Happened: The investment round values Crusoe at approximately $3 billion, more than double its valuation two years ago, <a href="https://www.ft.com/content/dbda689a-d3a7-4441-8dec-93042ca619a9">reported</a> the Financial Times on Tuesday, citing people with knowledge of the deal. 
The company, founded by Chase Lochmiller and Cully Cavness in 2018, is among the fast-growing &#8220;neocloud&#8221; industry that provides outsourced cloud computing for other tech companies to build AI.
The neocloud industry has been attracting significant financial backing from Silicon Valley and Wall Street investors to fund the acquisition of NVIDIA Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) powerful AI chips. Crusoe&#8217;s investment round coincides with its recent $3.4 billion deal with Blue Owl Capital to finance the construction of a new data center in Texas, which will be leased to Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>).
Crusoe Energy supports sustainability by using waste natural gas from oilfields to power its data centers, helping to cut greenhouse gas emissions while fueling AI and cloud computing.
Crusoe Energy did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41590577/bitcoin-breaks-70k-ethereum-and-dogecoin-rise-amid-stock-rally-ahead-of-mag-7-earnings-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $70K, Ethereum and Dogecoin Rise Amid Stock Rally Ahead Of &#8216;Mag 7&#8217; Earnings: Analyst Says Current Spike Driven By &#8216;Binance Whales&#8217;</a>
Why It Matters: Thiel, a prominent figure in the tech and investment world, has been actively involved in the cryptocurrency and AI sectors. His Founders Fund has made significant investments in these areas, including a <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37087400/peter-thiels-founders-fund-bets-big-on-bitcoin-and-ether-with-200m-investment-report">$200 million investment</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) in 2023.
Thiel has also been vocal about his skepticism regarding Bitcoin&#8217;s future growth, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39569413/billionaire-peter-thiel-voices-skepticism-on-bitcoins-future-growth-im-not-sure-its-going-">expressing doubts about significant price growth</a> and expressing regret for not purchasing more of the cryptocurrency.
Despite this, his Founders Fund has continued to make bold moves in the crypto market, <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37087400/peter-thiels-founders-fund-bets-big-on-bitcoin-and-ether-with-200m-investment-report">signifying a renewed interest in token investments</a> among institutional investors. 
Read Next: 
<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41566233/elon-musks-doge-flex-pose-sends-dogecoin-first-neiro-on-ethereum-soaring?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s &#8216;Doge-Flex&#8217; Pose Sends Dogecoin, First Neiro On Ethereum Soaring</a>
Image Via Pixabay
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Entrepreneurship

Startups

Tech

$ETH

NVDA

ORCL

Peter Thiel's Founders Fund Leads $500M Fundraise In Waste Gas-Powered AI Cloud Start-Up

U.S. stocks saw a mixed performance on Tuesday, with the Nasdaq Composite index surging by over 140 points. The Dow traded down by 0.4% to 42,233.05, while the NASDAQ rose by 0.8% to 18,712.75. The S&amp;P 500 also experienced a gain, rising by 0.2% to 5,832.92.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Alphabet Inc Class C Shares. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) closed the day with a 1.66% increase, ending at $171.14. The stock hit an intraday high of $171.86 and a low of $168.66. Its 52-week high and low are $193.3 and $123.88 respectively. The company&#8217;s Class A shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) also ended 1.8% higher at $169.88 for the day. Both Class A and Class C shares rose 5.8% and 5.9% respectively during the after-hours trading.
Alphabet's <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third-quarter revenue</a> rose 15% year-over-year to $88.27 billion, exceeding Street estimates. Google Cloud revenue saw a 35% increase, supported by AI-driven growth, while YouTube surpassed $50 billion in ad and subscription revenue for the past four quarters. CEO Sundar Pichai noted momentum and innovation, especially in AI solutions across search and cloud offerings.
Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) saw a 2.62% rise, closing at $593.28. The stock reached an intraday high of $593.67 and a low of $575.4. Its 52-week high and low are $602.95 and $296.86 respectively. A <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41610726/meta-platforms-q3-earnings-preview-ai-in-focus-with-new-search-engine-plans-analyst">new report</a> suggests that Meta Platforms&#8217; plans to build its own search engine could put a greater emphasis on AI growth.
See Also: <a href="https://www.benzinga.com/news/earnings/24/10/41600000/how-to-earn-500-a-month-from-alphabet-stock-ahead-of-q3-earnings?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">How To Earn $500 A Month From Alphabet Stock Ahead Of Q3 Earnings</a>
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) ended the day with a 1.26% increase, closing at $431.95. The stock hit an intraday high of $433.17 and a low of $425.8. Its 52-week high and low are $468.35 and $331.84 respectively. Microsoft is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41608886/microsoft-q1-earnings-preview-what-investors-should-watch-in-cloud-ai-azure-on-wedn">expected to highlight</a> its expanding investments in artificial intelligence and growing revenue in the cloud sector in its first-quarter financial results.
Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) saw a 1.68% rise, closing at $10.89. The stock reached an intraday high of $10.93 and a low of $10.54. Its 52-week high and low are $17.9 and $8.29 respectively. Snap reported a <a href="https://www.benzinga.com/news/earnings/24/10/41612544/snap-q3-earnings-revenue-beat-eps-beat-500m-buyback-ai-update-and-more">15% year-over-year increase</a> in third-quarter revenue, beating the consensus estimate.
Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) closed the day with a 3.96% increase, ending at $166.25. The stock hit an intraday high of $167.51 and a low of $158.94. Its 52-week high and low are $227.3 and $94.07 respectively. AMD reported a <a href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-">18% year-over-year increase</a> in third-quarter revenue, beating analyst estimates.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/10/41608635/alphabet-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Alphabet Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

GOOG

GOOGL

MSFT

SNAP

Alphabet, Meta Platforms, Microsoft, Snap, And AMD: Why These 5 Stocks Are On Investors' Radars Today

During an interview, Interim CEO of&nbsp;Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), Scott Boatwright, shared insights into the company&#8217;s third-quarter performance and future strategies.
What Happened: On Tuesday, before Chipotle&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41611783/chipotle-q3-earnings-highlights-revenue-miss-eps-beat-store-guidance-update-strong-results-led-by-t">third-quarter earnings</a> call, Boatwright discussed a range of topics during his appearance on CNBC Overtime.
During the conversation, he underscored the company&#8217;s initiatives to enhance service times, which have significantly boosted revenue growth. Boatwright also revealed that Chipotle has been investing in automation and creating new roles.
He talked about the restaurant&#8217;s recruitment drives, especially during the &#8220;Burrito Season&#8221; and back-to-school period and disclosed that a new AI tool has cut the hiring process time by 75%, resulting in a surge in application flow.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41590829/ford-amd-trump-media-microstrategy-and-tesla-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ford, AMD, Trump Media, Microstrategy, And Tesla: Why These 5 Stocks Are On Investors&#8217; Radars Today</a>
&#8220;We just launched an AI tool that helps us onboard people in our restaurants that shortens the time from applicant to hire by 75% &#8230; we&#8217;re better staffed today than we have been in many, many years,&#8221; he stated.
Boatwright also expressed <a href="https://www.benzinga.com/startups/24/08/40556572/from-chipotle-to-starbucks-brian-niccols-113m-pay-package-and-its-implications-for-the-coffee-chain">confidence in his predecessor</a>, Brian Niccol, who has moved to Starbucks, and assured investors that the company would maintain its focus on the consumer and deliver high-quality culinary experiences.
He also touched on the company&#8217;s technological advancements, including the integration of AI models with their&nbsp;Consumer Data Platform and loyalty&nbsp;program, and mentioned the development of a new produce slicer.
We&#8217;re developing bespoke and unique technologies that are more long-range but we know will add a ton of value in the future,&#8221; the interim CEO said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;We just launched an <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> tool that helps us onboard people in our restaurants that shortens the time from applicant to hire by 75% &#8230; we&#39;re better staffed today than we have been in many, many years,&quot; says <a href="https://twitter.com/search?q=%24CMG&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CMG</a> interim CEO Scott Boatwright on labor. <a href="https://t.co/W17DycOctm">pic.twitter.com/W17DycOctm</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1851362724887822718?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Chipotle&#8217;s third-quarter results showed a 13% year-over-year increase in revenue, reaching $2.79 billion, although it fell short of the Street consensus estimate of $2.82 billion.
The third-quarter earnings report marked the first since Niccol announced his departure.
In <a href="https://www.benzinga.com/news/earnings/24/07/39943336/chipotle-mexican-grill-q2-earnings-revenue-beat-eps-beat-comps-up-11-on-stronger-demand-trends-and-">the second quarter</a>, Chipotle exceeded expectations by delivering strong revenue and earnings growth. At the time, the company reported $2.97 billion in revenue and adjusted earnings of 34 cents per share.
Meanwhile, regarding the streamlined hiring process, earlier this month, <a href="https://www.benzinga.com/markets/equities/24/10/41460915/chipotle-rolls-out-ai-enhanced-hiring-platform-across-over-3-500-locations-cuts-recruitment-time">Chipotle announced a partnership</a> with Paradox to streamline the hiring process for its restaurant teams.
The AI-powered platform was expected to reduce hiring times for in-restaurant positions by up to 75%, allowing General Managers to focus more on daily operations and guest hospitality.
CMG Price Action: At the time of writing, Chipotle Mexican Grill stocks were down by 5.27% in the after-hours session. The company ended the Tuesday session at $60.49, down 0.18%, <a href="https://pro.benzinga.com/dashboard">according to Benzinga Pro</a>.
Image Courtesy: Chipotle
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41590577/bitcoin-breaks-70k-ethereum-and-dogecoin-rise-amid-stock-rally-ahead-of-mag-7-earnings-ana?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Breaks $70K, Ethereum and Dogecoin Rise Amid Stock Rally Ahead Of &#8216;Mag 7&#8217; Earnings: Analyst Says Current Spike Driven By &#8216;Binance Whales&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Restaurants

General

Chipotle Is Using An AI Tool To Slash Hiring Time By 75% During Busy 'Burrito Season'

Bitcoin pulled back from near-new highs Tuesday, while stocks rallied on Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) better-than-expected third-quarter earnings.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+3.66%</td>
<td>$72,287.07</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.31%</td>
<td>$2,625.49</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.15%</td>
<td>$0.1757</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world's largest cryptocurrency was within touching distance of making history as it flew to $73,577, just $160 away from the peak established earlier in March. However, the advance was halted as investors started cashing out.
With the latest rally, Bitcoin&#8217;s October gains jumped to 14.26%, as the month delivered on its promise of being one of the most rewarding in the market.
Ethereum also pulled back after scaling an intraday high of $2,680.
The rally liquidated nearly $185 million in leveraged short positions over the last 24 hours, with total cryptocurrency liquidations surging to $257 million.
Bitcoin's Open Interest soared 5.11% to $43.17 billion in the last 24 hours.&nbsp;
The number of long positions held by whale investors on cryptocurrency exchange Binance exceeded the number of shorts by a factor of 1.42
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Sui (SUI)</td>
<td>+14.89%</td>
<td>$2.11</td>
</tr>
<tr>
<td>First Neiro On Ethereum (NEIRO)</td>
<td>+10.61%</td>
<td>$0.00172</td>
</tr>
<tr>
<td>Aptos (APT)</td>
<td>+8.75%</td>
<td>$10.09</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.43 trillion, following an increase of 3.04% in the last 24 hours.
Stocks bumped to new highs Tuesday. The tech-heavy Nasdaq Composite surged 145.56 points, or 0.78%, to end at a record close of 18,712.75. The S&amp;P 500 gained 0.16% to end at 5,832.92. To the contrary, the Dow Jones Industrial Average slipped 0.36% to end at 42,233.05.
The rally came ahead of the third-quarter earnings report of the so-called "Magnificent 7" companies. Tech behemoth Alphabet released its numbers after market close, with <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">revenue and earnings beating analysts' estimates</a>.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst Rekt Capital noted Bitcoin's rollicking journey to new all-time highs, adding that a monthly close around the $72,800 zone will be its highest ever.
"Without a shadow of a doubt, we&#8217;re witnessing history in the making before our very eyes," the analyst remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> A Monthly Candle Close just like this would be Bitcoin&#39;s highest Monthly Candle Close of all-time Without a shadow of a doubt, we&#39;re witnessing history in the making before our very eyes<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/Zaas4HbYT7">https://t.co/Zaas4HbYT7</a> <a href="https://t.co/2MRpS1UkJh">pic.twitter.com/2MRpS1UkJh</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1851318692664979968?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another well-known analyst, Ali Martinez, called attention to Bitcoin's MVRV Ratio's golden cross above its 365-day simple moving average, an event that has preceded "major" bull rallies throughout history.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> at $72,000 might feel like a late entry, history suggests otherwise. The MVRV Ratio crossing over its 365-SMA has often signaled major bull rallies, and this golden cross just happened again! <a href="https://t.co/Awkh0WdIOK">pic.twitter.com/Awkh0WdIOK</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1851413204737372252?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Additionally, Martinez raised expectations for Ethereum, projecting a target of $6,000 after it managed to hold on to the key support level at $2,400.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> has held the $2,400 support level and now might target the channel&#39;s upper boundary around $6,000! <a href="https://t.co/JecnkOercu">https://t.co/JecnkOercu</a> <a href="https://t.co/R3tss1tFLa">pic.twitter.com/R3tss1tFLa</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1851360104920068131?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Igor Faun on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41424841/donald-trumps-polymarket-odds-rise-to-61-3-after-mcdonalds-appearance">Donald Trump&#8217;s Polymarket Odds Rise To 61.3% After McDonald&#8217;s Appearance</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Bitcoin Hovers Around New All-Time High, Ethereum, Dogecoin Surge As Crypto Market In Turbo Mode: Top Analyst Says, 'History In The Making'

Gil Luria, Managing Director and Senior Software Analyst at D.A. Davidson highlighted Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google&#8217;s competitive advantage in the data center sector, emphasizing the company&#8217;s in-house chips, which are second only to NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in terms of performance.
What Happened: During a discussion on CNBCOvertime, Luria pointed out that Google&#8217;s cloud division has seen its margins improve from 11% to 17%, driven by revenue growth from 29% to 35%. He noted that the true return on investment depends on whether customers can develop valuable products that justify the expansion of data centers.
Alphabet has invested heavily in data center infrastructure and custom in-house chips, a strategy that Luria points out is cost-effective and, importantly, differentiates Google from key competitors. "Their in-house chips are second only to Nvidia, which gives them a big cost advantage," Luria noted
According to Luria, Alphabet's growing emphasis on these custom chips is integral to its overall competitive position in the hyper-scale cloud market, where it currently competes alongside industry leaders Amazon Web Services (AWS) and Microsoft Azure. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;The actual ROI depends on their customers. Are their customers going to build valuable products that justify the continued buildout of the <a href="https://twitter.com/hashtag/datacenters?src=hash&amp;ref_src=twsrc%5Etfw">#datacenters</a>?&quot; DA Davidson&#39;s <a href="https://twitter.com/gilluria?ref_src=twsrc%5Etfw">@gilluria</a> on <a href="https://twitter.com/search?q=%24GOOGL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOOGL</a>. &quot;Their in-house chips are second only to <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> which gives them a big cost advantage.&quot; <a href="https://t.co/zZKy15MzoG">pic.twitter.com/zZKy15MzoG</a>
&mdash; CNBCOvertime (@CNBCOvertime) <a href="https://twitter.com/CNBCOvertime/status/1851365818484846977?ref_src=twsrc%5Etfw">October 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41566233/elon-musks-doge-flex-pose-sends-dogecoin-first-neiro-on-ethereum-soaring?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s &#8216;Doge-Flex&#8217; Pose Sends Dogecoin, First Neiro On Ethereum Soaring</a>
Why It Matters: Google&#8217;s recent financial performance underscores its strategic growth. In its <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third-quarter earnings</a> report, Alphabet reported a 15% year-over-year revenue increase to $88.27 billion, surpassing expectations. The cloud division&#8217;s 35% growth highlights the momentum within the company.
Meanwhile, Microsoft Corp has accused Google of <a href="https://www.benzinga.com/markets/equities/24/10/41592650/microsoft-accuses-google-of-astroturf-campaigns-targeting-its-cloud-business-says-search-giant-r">orchestrating lobbying campaigns</a> against its cloud business, indicating the competitive tensions in the cloud computing sector. This rivalry underscores the importance of Google&#8217;s advancements in chip technology and cloud services.
Additionally, Google&#8217;s reported Project Jarvis initiative reflects its commitment to <a href="https://www.benzinga.com/markets/equities/24/10/41592044/googles-project-jarvis-and-jeff-bezos-backed-anthropic-are-just-scratching-the-surface-of-agenti">advancing AI-powered web browsing</a> capabilities, further enhancing its technological edge. 
Price Action: Alphabet Inc Class A shares closed at $169.68 on Tuesday, up 1.78% for the day. In after-hours trading, the stock rose by an additional 5.80%. Alphabet Inc Class C shares ended the day at $171.14, climbing 1.66%. After hours, the stock advanced a further 5.89%. Year to date, Alphabet Class C shares have risen by 22.63%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41590974/dogecoin-lifts-15-amid-rising-odds-of-trump-victory-in-betting-markets-and-expectations-of?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Lifts 15% Amid Rising Odds Of Trump Victory In Betting Markets And Expectations Of Elon Musk Heading &#8216;DOGE&#8217; Department</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Google's Cost Advantage With Custom Chips — Only Nvidia Tops It, Says Analyst

On Tuesday, Cathie Wood&#8217;s Ark Invest made some significant trades, most notably selling shares of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and buying a substantial amount of Archer Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>).
The Tesla Trade
ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) sold 13,896 shares of Tesla, a move that followed a series of transactions carried out by Ark Invest&#8217;s various ETFs on Monday, as reported in a <a href="https://www.benzinga.com/markets/equities/24/10/41590961/cathie-woods-flurry-of-trades-offloads-31-5m-in-tesla-buys-amazon-amd-and-meta-dumps-palantir-tr">Benzinga article</a>. The value of this trade, based on Tesla&#8217;s closing price of $259.52 on Tuesday, is approximately $3.6 million.
Ark Invest's moves follow Tesla's impressive third-quarter earnings, which surpassed expectations with improved margins, along with a strong 2025 vehicle delivery forecast that analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41524419/tesla-q3-an-unexpectedly-good-quarter-10-analysts-on-earnings-margins-fsd-robotaxis">viewed positively.</a>
The Archer Aviation Trade
Archer Aviation, a company at the forefront of the rapidly evolving urban air mobility (UAM) market, saw a significant boost from Ark Invest. ARKK bought a whopping 830,130 shares of Archer Aviation. This investment, calculated from Archer&#8217;s closing price of $3.36 on Tuesday, amounts to about $2.79 million.
The purchase comes at a time when Archer Aviation is <a href="http://ARK Next Generation Internet ETF">making strides</a> in the development of electric vertical takeoff and landing (eVTOL) aircraft. The Federal Aviation Administration (FAA) recently issued a final rule establishing a new category of aircraft called &#8220;powered lift,&#8221; which applies to eVTOL aircraft, marking an important step towards bringing eVTOLS into U.S. airspace.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41590974/dogecoin-lifts-15-amid-rising-odds-of-trump-victory-in-betting-markets-and-expectations-of?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Lifts 15% Amid Rising Odds Of Trump Victory In Betting Markets And Expectations Of Elon Musk Heading &#8216;DOGE&#8217; Department</a>
Other Key Trades: 
<ul>
<li>Ark Invest&#8217;s ARK Fintech Innovation ETF (ARKF) sold 16,396 shares of Robinhood Markets Inc (HOOD) worth $459,579. Meanwhile, ARKK and ARKW bought a total of 1,642 shares of Meta Platforms Inc. (META) worth $974,165.</li>
<li>ARK Genomic Revolution ETF (ARKG) bought shares of Illumina Inc (ILMN) and sold shares of CareDx Inc (CDNA). ARK Innovation ETF (ARKK) sold shares of Unity Software Inc (U) and bought shares of Natera Inc (NTRA).</li>
</ul>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/10/41590829/ford-amd-trump-media-microstrategy-and-tesla-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">F, AMD, DJT, MSTR, TSLA: Top 5 Trending Stocks Today</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ACHR

ARKK

ARKW

TSLA

Cathie Wood's Sky-High Vision: Dumps Shares Of Cybercab Touting Tesla For This eVTOL Play

Vice President Kamala Harris addressed a massive crowd at the White House Ellipse in Washington, D.C., calling for a new political era beyond the reign of former President Donald Trump.
What Happened: On Tuesday, Harris addressed an estimated crowd of 75,000 at the very site where Trump incited the January 6 Capitol riot, condemning his response to the attack and calling him a &#8220;petty tyrant.&#8221; She urged the nation to move beyond the Trump era, <a href="https://thehill.com/homenews/4960670-harris-ellipse-turn-page-trump/">reported</a> The Hill.
&#8220;It is time to turn the page on the drama and the conflict, the fear and division. It is time for a new generation in America, and I am ready to offer that leadership as the next president of the United States of America,&#8221; said Harris.
The Vice President touched on various issues including healthcare, reproductive rights, and the economy. She emphasized the events of January 6, 2021, when Trump supporters stormed the Capitol.
Harris set herself apart from her Republican rival. She said, &#8220;Unlike Donald Trump, I don't believe people who disagree with me are the enemy. He wants to put them in jail. I'll give them a seat at the table.&#8221;
&#8220;Americans died as a result of that attack; 140 law enforcement officers were injured. And while Donald Trump sat in the White House watching, as the violence unfolded on television,&#8221; said the vice president.
Harris outlined her plans for her potential presidency, focusing on combating price gouging and improving housing affordability. She stated, &#8220;I have been honored to serve as Joe Biden's vice president, but I will bring my own experiences and ideas to the Oval Office.&#8221;
See Also: <a href="Scaramucci: Election 'Too Close To Call' But Expects Harris To Win And Trump To Try To Avoid Jail">Scaramucci: Election &#8216;Too Close To Call&#8217; But Expects Harris To Win And Trump To Try To Avoid Jail</a>
Why It Matters: This speech comes at a critical juncture, with recent polls showing a <a href="https://www.benzinga.com/news/24/10/41564594/harris-and-trump-still-neck-and-neck-as-race-enters-final-stretch">tight race </a>between Harris and Trump. The candidates were neck-and-neck, with each leading in different polls.
However, a Reuters/Ipsos poll conducted earlier showed Harris leading Trump by a <a href="https://www.benzinga.com/24/10/41450118/harris-vs-trump-vice-president-edges-out-rival-in-latest-poll-but-voters-favor-ex-presidents-stance">slim margin</a>. The poll revealed that 70% of registered voters felt the cost of living was problematic, and 60% were concerned about the economy.
Despite Harris&#8217;s lead, Trump&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41576378/donald-trumps-election-odds-improve-to-66-after-viral-joe-rogan-podcast-and-controversial-">election odds improved</a> to 66% on the betting markets after a viral Joe Rogan podcast and a controversial Madison Square Garden rally. The rally also led to a <a href="https://www.benzinga.com/government/24/10/41606911/whats-going-on-with-trump-media-technology-stock-on-tuesday">surge in the shares</a> of Trump Media &amp; Technology Group Corp. 
Image via Shutterstock
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Kamala Harris Urges Change At Ellipse Rally: 'Time To Turn The Page On Drama And Conflict' — Slams Trump For Jan. 6 Riots

Credit card debt is a common financial burden, but billionaire entrepreneur Mark Cuban says it could be the very thing <a href="https://www.benzinga.com/personal-finance/24/10/41258919/dave-ramsey-tells-mark-cuban-75-of-the-worlds-richest-say-do-this-to-build-wealth-listen-to-them">stopping people from building wealth</a>.
Interestingly, Cuban isn't alone in his stance on credit card use. Other financial icons like Warren Buffett and Dave Ramsey have also previously argued that high-interest debt is one of the biggest obstacles to financial success.
What Happened: In a 2014 episode of The Dave Ramsey Show, Cuban joined financial advisor Ramsey to discuss credit cards, debt, and wealth-building strategies.
When asked about his stance on credit card use, Cuban didn't mince words: "If you use a credit card, you don't want to be rich," he said, highlighting that paying down credit card debt is a crucial financial step.
He recommended <a href="https://www.benzinga.com/personal-finance/24/09/40920706/billionaire-mark-cuban-says-his-credit-was-so-bad-radio-shack-denied-him-if-you-use-credit-cards">paying off high-interest debt</a> as the "best place to invest" due to its guaranteed returns.
&#8220;The best place to invest is to pay off all your credit cards and burn them,&#8221;&nbsp;adding, &#8220;If you&#8217;re paying 15% or 20% interest, paying that down is like earning 15% or 20%.&#8221;
Ramsey, renowned for his no-nonsense money management approach and clear-cut financial advice, echoed Cuban's sentiments and pointed out that "75% of wealthy people say get out of debt and stay out of debt."
See Also: <a href="https://www.benzinga.com/real-estate/24/10/41582389/its-not-evil-its-just-math-dave-ramsey-was-called-a-bad-christian-for-raising-rents-and-hes-not-sorr">&#8216;It&#8217;s Not Evil. It&#8217;s Just Math&#8217; – Dave Ramsey Was Called A &#8220;Bad Christian&#8221; for Raising Rents …. And He&#8217;s Not Sorry About It</a>
<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="Dave Ramsey and Mark Cuban says Get Out of Debt" width="500" height="281" src="https://www.youtube.com/embed/AdHDCCgCx5Y?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>
The numbers underscore the scale of the credit card debt issue in the U.S. today.
According to the Federal Reserve Bank of New York, Americans collectively held $1.14 trillion in credit card debt as of the second quarter of 2024—a $27 billion increase from the previous quarter.
The average credit card balance per consumer also rose to $6,329, up from $5,947 the previous year, according to TransUnion.
Why It&#8217;s Important: Cuban and Ramsey are not alone in their disdain for credit card debt. Warren Buffett, the Oracle of Omaha, has also been <a href="https://www.benzinga.com/news/24/05/38628868/warren-buffetts-frugal-lifestyle-hacks-saved-millions-here-are-5-tips-to-follow-suit-in-your-everyda">vocal about his preference</a> for avoiding high-interest debt.
Buffett once advised a friend, "If I owed any money at 18%, the first thing I'd do with any money I had would be to pay it off. It's going to be way better than any investment idea I've got."
However, the Berkshire Hathaway chair isn&#8217;t entirely opposed to using credit cards but warns against carrying a balance, which leads to accumulating interest.
Jay Leno, another financially savvy figure, shares a similar view. The former Tonight Show host and self-made millionaire avoids using credit for purchases, even major ones like a home.
"If I can't afford it, I don't buy it," Leno <a href="https://www.cnbc.com/2018/01/12/mark-cuban-and-jay-leno-avoid-credit-cards.html#:~:text=Billionaire%20Mark%20Cuban%20is%20similarly,Mavericks%20tells%20CNBC%20Make%20It.">told</a> CNBC in 2018, noting that buying on credit would "drive [him] crazy."
Image via Gage Skidmore on Flickr
Read Next:
<ul>
<li><a href="https://www.benzinga.com/startups/24/10/41496567/i-splatted-it-hurt-says-dave-ramsey-referring-to-the-sudden-call-on-his-1-2-million-loans-that-turne">&#8216;I Splatted. It Hurt,&#8217; Says Dave Ramsey, Referring To The Sudden Call On His $1.2 Million Loans That Turned His World Upside Down</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Mark Cuban Says, 'If You Use A Credit Card, You Don't Want To Be Rich' — Why Financial Icons Warren Buffett And Dave Ramsey Agree

El Nuevo Día, Puerto Rico&#8217;s largest newspaper, has endorsed Kamala Harris for the presidency. This endorsement comes amidst a recent controversy involving <a href="https://www.benzinga.com/news/24/10/41565160/puerto-rico-called-a-floating-island-of-garbage-in-the-middle-of-the-ocean-at-trump-rally-comments-a">derogatory remarks</a> about Puerto Rico made at a Donald Trump rally.
What Happened: El Nuevo Día has thrown its weight behind Kamala Harris for the presidential race. The endorsement follows a contentious incident where comedian Tony Hinchcliffe, a Trump supporter, made derogatory comments about Puerto Rico at a rally in New York, <a href="https://www.politico.com/live-updates/2024/10/29/2024-elections-live-coverage-updates-analysis/puerto-rico-newspaper-endorse-harris-00186156">reported</a> Politico.
The comedian had described the unincorporated U.S. territory as a &#8220;floating island of garbage in the middle of the ocean.&#8221;
The newspaper&#8217;s editor, María Luisa Ferré Rangel, expressed her indignation at the remarks, questioning if they were reflective of Trump and the Republican Party&#8217;s views. The Trump campaign later clarified that the joke did not represent their stance.
&#8220;Is that what Trump and the Republican Party think about Puerto Ricans? Politics is not a joke and hiding behind a comedian is cowardly,&#8221; wrote Rangel.
Rangel admitted that Harris was not perfect but said, &#8220;Her inclusive discourse ensures solid leadership for the world's leading power.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/10/41562899/iranian-hackers-leak-stolen-trump-campaign-emails-ex-gop-strategist-predicts-victory-for-kamala-harr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Iranian Hackers Leak Stolen Trump Campaign Emails, Ex-GOP Strategist Predicts Victory for Kamala Harris And More: This Week In Politics</a>
Why It Matters: Hinchcliffe&#8217;s comments about Puerto Rico and Latinos at the Trump rally had sparked widespread criticism. The endorsement by El Nuevo Día is a significant development in this context.
The presidential race between Harris and Trump is <a href="https://www.benzinga.com/news/24/10/41564594/harris-and-trump-still-neck-and-neck-as-race-enters-final-stretch">extremely close</a>, with both candidates leading in different polls. This endorsement could potentially influence the Puerto Rican and Latino vote in the election.
El Nuevo Día&#8217;s endorsement also criticized Trump&#8217;s previous actions towards Puerto Rico and praised Harris for her inclusive discourse and promising government program. This is the second time the newspaper has endorsed a presidential candidate, the first being Joe Biden in 2020.
Image via Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Floating Island Of Garbage Fallout: Kamala Harris Recieves Endorsement From Puerto Rico's Largest Newspaper

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

California police departments are discovering that good intentions sometimes collide with real-world obstacles. Several law enforcement organizations have invested significantly in Teslas to meet the <a href="https://www.benzinga.com/government/24/05/38847116/17-states-sue-to-block-californias-advanced-clean-fleets-rule">state's need for zero-emission cars</a>. The feasibility of these electric cars for police work is currently a major concern; some departments even consider them <a href="https://menlopark.gov/files/sharedassets/public/v/1/agendas-and-minutes/city-council/2024-meetings/agendas/20240827/i3-20240827-cc-tesla-pilot-update.pdf">&#8220;nearly unusable&#8221;</a> as squad cars.
Multiple police departments, including those in Menlo Park and Ukiah, have embraced the Tesla model, hoping it would be efficient and align with the state's climate goals.&nbsp;
Don't Miss:
<ul>
<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a></li>
</ul>
SFGATE spoke to Ukiah Police Department Chief Cedric Crook, who pointed out that the modifications necessary for Teslas to serve as police cars add up fast. Once upfitted for patrol duty, the Model 3s purchased cost almost $150,000 each, Crook noted.&nbsp;
Unlike traditional car manufacturers, Tesla does not offer ready-made law enforcement models, leaving police departments to rely on a single aftermarket company for modifications, which results in high costs due to the lack of competition.
Cost, however, isn't the only issue. Many officers found that Teslas simply don&#8217;t offer enough space, particularly in the back seats. Chief Crook explained that there's only room for one prisoner, which significantly limits officers' ability to manage situations involving multiple suspects, often forcing more officers and vehicles to be deployed.
See Also: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
Safety is, understandably, a critical factor in police vehicle selection and Teslas have failed to meet these needs in some key ways. One of the main issues is that electric vehicles lack an engine block – a feature officers are trained to use as cover during active shootings. &#8220;In a firefight, you hide behind the engine block,&#8221; Chief Crook explained. He was taught this in the police academy. Without this reliable cover, officers are put in potentially more dangerous situations.
The Tesla&#8217;s Autopilot feature has also proven problematic. According to officers from the Menlo Park Police Department, Autopilot&#8217;s safety programming interferes with police duties by sometimes preventing the vehicle from quickly jumping curbs or responding appropriately when parked along the side of the road during emergencies.
Chief Neil Cervenka of the Fort Bragg Police Department summarized: &#8220;Tesla isn't the right answer in the law enforcement market currently for electric adoption, but there might be better options.&#8221;
Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>
Another big challenge police departments are facing with Teslas is <a href="https://www.benzinga.com/news/24/05/39001383/elon-musk-boasts-tesla-built-more-ev-charging-infrastructure-than-amazon-and-federal-government">the charging infrastructure</a>. Unlike a traditional gas-powered vehicle that can be refueled in under five minutes, recharging a Tesla can take at least 20 minutes, even at a fast charger.&nbsp;
Chief Crook recounted to SFGATE an instance in which detectives transporting a possibly violent subject in a Tesla would have needed to spend up to an hour charging at a public station that wasn&#8217;t secure. This situation is far from optimal for controlling suspects or guaranteeing officer safety.
The police Chief stated, "I'm not ready to put an officer in a Tesla," expressing his concerns about safety and practicality. The Fort Bragg Police Department, therefore, decided to replace their Teslas with five electric <a href="https://www.benzinga.com/markets/equities/24/01/36776428/fords-f-150-lightning-strikes-twice-as-edmunds-top-rated-electric-truck-amid-cybertruck-craze-ho">Ford F-150 Lightning trucks</a> and outfitted their parking area with the appropriate chargers.
Read Next:
<ul>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a></li>
</ul>

'Room For One Prisoner' – California Police Chief Says Their $150,000 Tesla Model 3 Is 'Nearly Unusable'

This year's presidential election could go down as the race that changed the way people around the world can bet on sportsbooks and prediction markets, such as whether Donald Trump or Vice President Kamala Harris will win the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
Investment company Public.com took a shot at the rising growth of prediction markets in a social media post on Tuesday. 
What Happened: The growth of <a href="https://www.benzinga.com/topic/polymarket">prediction markets such as</a> Polymarket and Kalshi witnessed billions of dollars placed on predictions of Harris or Trump winning the 2024 election race.
While election polls predict a close head-to-head battle between Harris and Trump, prediction markets show a dominant win by Trump,<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41463756/polymarket-to-review-user-base-in-light-of-whales-betting-millions-on-trump-election-win"> prompting some callouts</a> that the markets might be heavily influenced by some large bettors and not as accurate as polls.
Public.com teased a new way to bet on the 2024 election in a post on X.
"With Election Day 2024 just a week away, we're excited to introduce the best way to place a bet on your preferred candidate," Public.com <a href="https://x.com/public/status/1851295736631267526">posted </a>with a link.
While many were expecting the link to take them to a new prediction market from Public, a company that lets users invest in stocks, cryptocurrency, bonds and options, they were met with something entirely different.
The link, which is viewed as placeyourbet.us, redirects to the Vote.org website and shares polling locations by state.
That's right, Public.com is telling Americans who might want to bet on Harris or Trump winning the 2024 election that the best way to wager on their preferred candidate is to get out and vote.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The post by Public.com comes at a time when prediction markets are soaring and shortly after financial services company Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)<a href="https://www.benzinga.com/news/24/10/41573989/harris-vs-trump-robinhood-launches-election-event-contracts-for-traders-as-2024-presidential-race-he"> announced the launch</a> of presidential election event contracts through its subsidiary Robinhood Derivatives, LLC.
Robinhood recently became the latest company to let its users trade based on whether they think Harris or Trump will win the 2024 election, with a select number of U.S. customers currently having access to the contracts.
Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) <a href="https://www.benzinga.com/government/24/10/41174915/interactive-brokers-rolls-out-election-contracts-as-kalshi-resumes-high-stakes-congressional-bets">announced the launch</a> of political betting contracts earlier this month. The contracts come from the company's ForecastEx exchange and allow users to speculate on the winners of the 2024 presidential election and key Congressional races.
Kalshi, which is <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41158370/wanna-put-your-money-on-trump-or-harris-crypto-based-polymarket-gets-competition-after-kal">legal for prediction markets </a>in the U.S., allows users to wager on various outcomes including the U.S. election. A prediction market for the 2024 presidential winner has more than $102 million in wagers.
Polymarket is open to international residents and allows users to deposit funds using USDC (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) via the Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>) network, or directly from a crypto account with Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
The company's prediction market for the 2024 presidential election has attracted over $2.7 billion in wagers.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/fintech/24/04/38312771/public-acquires-tradeapp-investment-accounts-from-stocktwits-users-gain-access-to-ai-assisted-analys">Public Acquires TradeApp Investment Accounts From Stocktwits, Users Gain Access To AI-Assisted Analysis</a></li>
</ul>
Photo: Gorodenkoff via Shutterstock

$MATIC

$USDC

HOOD

IBKR

USDC

Public.com Announces 'The Best Way To Place A Bet' On The 2024 Election — And It's Not Prediction Markets

Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), a world leader in digital payments, today announced a partnership with Coinbase, a trusted place to buy, sell, and manage crypto. This partnership adds convenience and new services for Coinbase customers across the US and EU, including real-time1, reliable, and secure money movement. By integrating with the Visa Direct network, Coinbase customers will be able to deposit funds into their Coinbase account in real-time1 using eligible Visa debit cards.

COIN

Coinbase Customers Will Be Able To Deposit Funds Into Their Coinbase Account In Real-time1 Using Eligible Visa Debit Cards

There is one week left in the head-to-head matchup between Donald Trump and Vice President Kamala Harris to decide who will win the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
A leading market economist made his prediction on who will win the race.
What Happened: Economist and market strategist Christophe Barraud<a href="https://www.benzinga.com/news/24/01/36707550/economist-christophe-barraud-predicts-surprising-us-economic-resilience-in-2024"> has been called</a> "the world's most accurate economist" over the years thanks to his accurate predictions on the U.S. economy.
Bloomberg labeled him the best economic forecaster for the U.S. economy in 11 of the past 12 years.
A 2024 election prediction from the Market Securities Monaco chief economist will likely be closely watched given Barraud's accuracy.
"Looking at different metrics such as betting markets, polls, election modelers' forecasts, financial markets, as of now, the most probable outcomes are: (1) #Trump victory (2) #GOP clean sweep," Barraud tweeted, as <a href="https://nypost.com/2024/10/28/us-news/worlds-most-accurate-economist-barraud-trump-will-win-2024-presidential-election/">reported </a>by the New York Post.
Barraud's prediction is that Trump will beat Harris in the head-to-head presidential race and the Republicans will also take full control of Congress, leading the House of Representatives and Senate.
Under this scenario, Barraud predicts the economy will get a short-term boost and gross domestic product could increase 2.1% to 2.3% in 2025, as <a href="https://www.businessinsider.com/us-election-forecast-most-accurate-economist-predicts-outcome-economic-impact-2024-10?utm_source=reddit.com">reported </a>by Business Insider. &nbsp;
Barraud said a Trump win and Congress split between the Republicans and Democrats could see the former president have his domestic economic agenda come under pressure and likely a higher focus on tariffs.
The long-term risk with a Trump win is a soaring deficit, Barraud said.
Barraud said the economy is likely to grow in the short term with either Trump or Harris leading the way.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent102924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
 Why It's Important: Election polls show a close race between Trump and Harris, while prediction markets and sportsbook betting odds are showing Trump as a heavier favorite.
The prediction by Barraud comes along with one by historian Allan Lichtman, <a href="https://www.benzinga.com/general/politics/24/09/40783924/trump-vs-harris-election-forecaster-with-9-out-of-10-accurate-predictions-makes-final-call-says-">who has correctly predicted</a> nine of the past 10 presidential elections and is predicting Harris will win.
With Election Day one week away, investors and voters will soon learn who will take the White House in 2025 and who will have control of Congress.
DJT Price Action: The growing sentiment from prediction markets and experts like Barraud that Trump will win the election has been helping boost the price of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>). Co-founded by Trump, the media company often trades more volatile with Trump events and news cycles such as the 2024 presidential election.
DJT shares were up 8.76% to $51.51 on Tuesday with the company&#8217;s market capitalization <a href="https://www.benzinga.com/top-stories/24/10/41603930/trump-vs-musk-djt-stock-worth-more-than-latest-x-valuation-thanks-to-2024-election-run-up">soaring to more than $10 billion</a> and passing a recent valuation placed on social media platform X. DJT stock is up 45% in the last five days and up over 220% in the last month.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
</ul>
Photo: Andrew Angelov via Shutterstock

Market Expert Makes 2024 Election Prediction: Did 'World's Most Accurate Economist' Pick Harris Or Trump To Win?

Huron Consulting Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HURN#NASDAQ">HURN</a>) raises FY2024 Adj EPS guidance from $5.85-6.15 to $6.00-6.20 vs $6.00 analyst estimate. Narrows FY2024 sales outlook from $1.46 billion-1.50 billion to $1.47 billion-1.49 billion vs $1.48 billion estimate.

Guidance

HURN

Huron Consulting Gr Raises FY2024 Adj EPS Guidance from $5.85-6.15 to $6.00-6.20 vs $6.00 Est; Narrows FY2024 Revenues before reimbursable expenses Guidance from $1.46B-1.50B to $1.47B-1.49B vs $1.48B Est

Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) shares are moving lower in extended trading Tuesday after meme stock trader Keith Gill, also known as <a href="https://www.benzinga.com/topic/roaring-kitty">"Roaring Kitty,"</a> sold his stake in the <a href="http://benzinga.com/quote/chwy">online pet retailer</a>.
What Happened: According to a new <a href="https://www.sec.gov/Archives/edgar/data/1871280/000110465924112245/tm2427027d1_sc13ga.htm">13G filing</a> with the SEC, Gill sold his entire stake in Chewy. The filing indicates Gill had a 0% stake in the pet retailer as of Sept. 30.
Chewy shares fell more than 2% on the news, while GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares crept higher, last up about 1.3%, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Gill is best known for playing an influential role in the historic 2021 meme stock craze&nbsp;that saw GameStop and other heavily shorted names squeeze higher. He made a return to social media earlier this year following a three-year absence.
In his return to the limelight, the trader made several cryptic posts on X, shared position updates on Reddit and even held a livestream during market hours on his YouTube channel.
Gill&#8217;s active presence on social platforms sparked renewed volatility in several stocks popular among retail investors including GameStop and Chewy, which share a connection via Ryan Cohen. Cohen is GameStop&#8217;s CEO, as well as the founder of Chewy.
At the end of June, Gill <a href="https://x.com/TheRoaringKitty/status/1806371920495186041" target="_blank" rel="noreferrer noopener">posted</a>&nbsp;an image of a dog on X, which spurred speculation that he may be shifting his attention to Chewy. A few days later, the meme stock trader disclosed a 6.6% stake in the pet retailer. 
On Sept. 6, Gill posted a <a href="https://x.com/TheRoaringKitty/status/1832086356849250635">meme</a> of the same dog image being tossed to the side like a toy in the classic animated film &#8220;Toy Story.&#8221; The post sparked speculation that Gill may be moving on from Chewy. That speculation was confirmed with Tuesday&#8217;s filing. 
Chewy had been Gill&#8217;s only other publicly known investment outside of GameStop. Gill hasn&#8217;t posted a position update on social media since June when he shared a <a href="https://www.reddit.com/r/Superstonk/comments/1df8jno/gme_yolo_update_june_13_2024/">screenshot</a> on Reddit showing that he was holding approximately nine million shares of GameStop.
See Also: <a href="https://www.benzinga.com/general/social-media/24/08/40225079/roaring-kitty-loses-thousands-of-x-followers-after-going-silent-on-gamestop-chewy">Roaring Kitty Loses Thousands Of X Followers After Going Silent On GameStop, Chewy</a>
CHWY Price Action: Chewy shares closed down 0.37% at $26.69 and were down 2.21% at $26.10 after-hours on Tuesday at publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
This illustration was generated using artificial intelligence via Midjourney.

After-Hours Center

CHWY

Roaring Kitty Puts Chewy Stock In The Litter Box, GameStop Shares Move Higher After Hours

Around the world, the debate continues about how to quantify the presence of cannabis in an individual&rsquo;s system and how it relates to their ability to operate a vehicle.&nbsp;
Nobody in this debate believes that anyone unable to drive should get behind the wheel of a car. Instead, the issue lies in the difficulty of creating a one-size-fits-all rule for a very complicated issue: how to judge if someone is too impaired to operate a vehicle.&nbsp;
Various parties have proposed multiple metrics, including the presence of cannabis in saliva, the levels of cannabis in the blood, and actual impairment.
<h3>Cannabis And Driving Laws In The USA</h3>
For more than two decades, the U.S. <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8499672/">has studied the effects of cannabis on driving</a> and has a wealth of information to draw upon. However, despite the volume of studies, policymakers have not reached a consensus, which is not surprising given the biological nuances of cannabis (versus a substance like alcohol).&nbsp;
One of the main issues behind defining impairment is the quantification of cannabis in the system. When one smokes cannabis, the absorption and impairment vary widely depending on several factors.&nbsp;
<h3>Suggested Strategies To Address Cannabis Consumption And Driving In The U.S.</h3>
A suggestion to address the issue of cannabis consumption and driving is a three-level approach to quantifying impairment.&nbsp;
The first level is effect-based. Here, law enforcement officers look for proof that there is impairment and it is due to the consumption of a drug. Commonly accepted tests like the ability to walk in a straight line may demonstrate that a driver is impaired. An effect-based approach can help to offset the fact that different cannabis consumption methods produce the strongest effects at disparate times; smoking cannabis has its most potent effects for the first 20 to 30 minutes after smoking, while oral dosages may take effect after one hour of consumption.&nbsp;
If the effect-based method is unclear, law enforcement may measure the amount of THC in an individual&rsquo;s system. However, unlike alcohol, THC can remain in the system for long periods and build up over hours, days and months, making it very difficult to establish a simple presence rule.&nbsp;
The third level of testing is a quantitative threshold. Many U.S. states have adopted a valuation system based on the presence of THC in the bloodstream, though that level varies considerably from state to state. In Ohio and Nevada, more than 0.2 ng/ml of blood is considered impaired, while in Colorado, Illinois, Montana, and Washington, 0.5 ng/ml is considered impaired. Additionally, a <a href="https://pubmed.ncbi.nlm.nih.gov/17916224/">2007 study</a> suggested that 0.7 to 1.0 ng/ml qualifies as impairment. <a href="https://www.everycrsreport.com/files/20190514_R45719_33977b5881420710a6ee728a84a8e32fd9cd3cef.pdf">A follow-up government</a> piece from 2019 essentially reaffirmed this stance. Despite existing laws, <a href="https://pubmed.ncbi.nlm.nih.gov/33544004/">a recent study</a> cast doubts on the ability to actually set quantifiable limits to measure impairment from THC. Simple presence is not the answer, and setting safe and fair impairment standards is proving difficult.&nbsp;
<h3>German Laws Governing Cannabis And Driving&nbsp;</h3>
Germany, UK and Australia are the two most progressive global medical cannabis countries grappling with the issue of cannabis impairment and driving right now. German contributor Atilla Ldil expands on the country&rsquo;s approach:
&ldquo;Currently, German cannabis driving laws differentiate between medical patients and &lsquo;recreational&rsquo; consumers, but these laws continue to cause significant problems for patients. Despite being legally permitted to drive when following medical guidelines, enforcement remains inconsistent. Arbitrary police stops, expensive and burdensome tests, as well as sanctions from licensing authorities not only threaten the financial security of many patients but often their professional future as well. Psychological evaluations, which many are required to undergo, are costly and frequently conducted by evaluators who are critical of cannabis, leading to negative assessments &mdash; even when patients pass the tests. As a result, some patients lose their driving license and, with it, the ability to pursue their profession or manage their daily lives independently. The life stories of these individuals are marked by discrimination, stigmatization, and existential threats, all of which are exacerbated by a legal system that still does not fully accept the use of cannabis, even for medical purposes.&nbsp;
The new THC threshold of 3.5 nanograms applies only to recreational users, not patients. Drivers without impairment and with a blood THC level below this limit should not face additional penalties or evaluations. However, many patients continue to face severe discrimination and costly bureaucratic hurdles regarding their driving rights.&rdquo;
<h2>Cannabis And Driving Laws In England</h2>
English contributor Rupa Shah of Relief U.K. provides an inside perspective on cannabis and driving laws in the U.K.:
&ldquo;In England, cannabis driving laws center around the presence of THC in a driver&rsquo;s system, with strict enforcement despite the evolving landscape of medical cannabis. The current law sets a very low legal limit of 2 micrograms of THC per liter of blood, reflecting a zero-tolerance stance. Police assess impairment through a combination of observational tests, such as checking for bloodshot eyes or unusual behavior, and formal roadside impairment tests, like walking in a straight line. Additionally, oral swabs are used to detect the presence of THC, though these tests only indicate recent use, not actual impairment​.
If a driver is suspected of impairment, they may be taken to a police station for a blood test, which becomes the primary evidence in drugged-driving cases. While the presence of THC over the legal limit results in penalties, this approach has been criticized for failing to distinguish between impairment and residual traces in medical cannabis patients. The medical defense allows for driving with a prescription, provided the driver is not impaired, yet patients still face legal challenges due to the discrepancy between presence and impairment​.
The lack of correlation between THC levels and impairment raises concerns about fairness, particularly for medical cannabis users who may have elevated THC levels without any functional impairment. Calls for reform suggest adopting a more nuanced approach, akin to Germany&#39;s differentiation between medical and recreational users, to balance road safety with patients&#39; rights​.&rdquo;
<h3>Cannabis And Vehicle Operation Laws In Australia</h3>
Australia, like many other places, defines the presence of cannabis as impairment, which is the most extreme and archaic form of prohibition. Again, while nobody wants impaired drivers, THC presence at random road checks with a simple swab in the mouth cannot be a civilized approach. There is little to defend this position except an abundance of caution, which is hard to argue with given public safety parameters. As wrong as it is, the debate continues.
Australian contributor Elizabeth Warburton of Nativva notes:&nbsp;
&ldquo;...in Australia, cannabis is the only legally prescribed medication for which you lose your license when testing positive for presence. Australian laws do not account for the difference between presence and impairment, making medicinal cannabis inaccessible to Australians who require the ability to drive in their everyday lives. Current driving laws are prohibitive and discriminatory, as penalties for testing positive for cannabis are more severe than the penalties faced by drivers with a positive breath test for alcohol. These laws mean patients cannot even take a full-spectrum oil with minimal amounts of THC without fear of losing their license and livelihood, which is impeding positive health outcomes nationwide.&rdquo;&nbsp;
Contributor Fadi Roumieh adds:
&ldquo;Medical cannabis patients report significant improvements across various health-related quality-of-life measures and an increase in function over time.&nbsp;A <a href="https://journals.sagepub.com/doi/10.1177/02698811241229524">recent open-label trial</a> produced positive results in simulated and perceived driving performance in patients on medicinal cannabis. The&nbsp;study suggested a negligible impact on driving performance. Further, <a href="https://www.swinburne.edu.au/news/2024/05/swinburne-leads-world-first-medical-cannabis-driving-trial--/">government-funded trials are ongoing</a> which aim to strengthen the case to change the driving laws in Australia.
<h3>The Future Of Cannabis And Driving Laws</h3>
While the debate continues around the globe, we can be certain that THC presence alone, measured by a mouth swab, is insufficient to gauge intoxication without other concrete impairment guidance to avoid unfair subjectivity. Levels of cannabis in the system alone may not take into consideration the medical needs and tolerance of individuals. Nobody wants impaired drivers on the road, so we must develop regulations to protect both public safety and patients&rsquo; rights.

Impairment Vs Presence Of Cannabis: The International Cannabis Driving Debate Continues

AVGO CLOSES 3% HIGHER ON THE DAY
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="591" height="663" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/29201626/Screen-Shot-2024-10-29-at-4.19.48-PM.png" alt="" class="wp-image-2836" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/29201626/Screen-Shot-2024-10-29-at-4.19.48-PM.png 591w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/29201626/Screen-Shot-2024-10-29-at-4.19.48-PM-267x300.png 267w" sizes="(max-width: 591px) 100vw, 591px" /></figure>
Broadcom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:37 AM on October 29th, a significant trading signal occurred for Broadcom, Inc. as it demonstrated a Power Inflow at a price of $173.97. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Broadcom&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Broadcom&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for AVGO, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved
After Market Close UPDATE:
The price at the time of the Power Inflow was $173.97. The returns on the High price ($180.22) and Close price ($179.24) after the Power Inflow were respectively 3.6% and 3.0%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

Signals

AVGO

Tradepulse Power Inflow Alert: Broadcom Inc. Moves Up Over 3.5% In The Session After Alert

Southwest upgraded to Outperform on revenue-enhancing initiatives, strong fleet value

Air fares perked up in August, but were still lower than a year ago

Airlines are expected to benefit from lower jet fuel prices to different degrees

Warning: SNCY is at high risk of performing badly

In a report released today, Thomas Fitzgerald CFA from TD Cowen maintained a Buy rating on Sun Country Airlines Holdings (SNCY – Research Report), ...

TD Cowen Keeps Their Buy Rating on Sun Country Airlines Holdings (SNCY)

Spirit Airlines' shares nosedive as Wall Street braces for bankruptcy

Spirit Airlines: Death By A Thousand Cuts

Morgan Stanley analyst Ravi Shanker maintained a Buy rating on Sun Country Airlines Holdings (SNCY – Research Report) today and set a price target ...

Morgan Stanley Keeps Their Buy Rating on Sun Country Airlines Holdings (SNCY)

In a report released today, Scott Group from Wolfe Research upgraded Sun Country Airlines Holdings (SNCY – Research Report) to a Buy, with a price ...

Scott Group Upgrades Sun Country Airlines to Outperform on Strong Margins and Diverse Operations

CPI read: Airfares move higher in September to make it four months out of five

ALGT

JBLU

JETS

MESA

SAVE

SKYW

SNCY

ULCC

Press Releases

Sun Country Airlines Will Participate in the Bank of America Securities Transportation, Airlines and Industrials Conference

Travel

Sun Country Airlines Customers Can Now Book Winter and Spring Break Travel for 2025

New mobile app is here for Sun Country Airlines' customers

Sun Country Airlines Enters Into  Revised Agreement with Amazon

Sun Country Airlines Will Hold a Call to Provide a Business and 2nd Quarter Update

Sun Country Airlines Will Hold Its Second Quarter 2024 Earnings Conference Call August 2

Earnings

Sun Country Airlines Reports Second Quarter 2024 Results

Sun Country Airlines Will Participate at the Morgan Stanley 12th Annual Laguna Conference

Sun Country Airlines Will Hold Its Third Quarter 2024 Earnings Conference Call October 31

Sun Country Airlines Extends Booking Schedule Through Summer 2025

American Airlines Group, Inc. - Common Stock

American Airlines Gr

Allegiant Travel

Alaska Air Gr

Azul S.A. American Depositary Shares (each representing three preferred shares)

Azul

Blade Air Mobility, Inc. - Class A Common Stock

Blade Air Mobility

Copa Holdings

Delta Air Lines

flyExclusive

JetBlue Airways Corporation - Common Stock

JetBlue Airways

Joby Aviation

Jet AI

LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock)

LATAM Airlines Group

Southwest Airlines

Mesa Air Gr

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

Ryanair Hldgs

Spirit Airlines

SkyWest

Volato Group

Surf Air Mobility

United Airlines Holdings, Inc. - Common Stock

United Airlines Holdings

Frontier Group Holdings, Inc. - Common Stock

Frontier Group Holdings

Wheels Up Experience Inc. Class A Common Stock

Wheels Up Experience

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates

Comments

Sun Country Airlines

Interés en corto

Sun Country Airlines (NASDAQ:SNCY) Bolsa, Informe de interés en corto

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL