에 대한 최신 뉴스 Yum China Holdings (NYSE:YUMC) 주식

Yum China Holdings

With almost 13,000 units and USD 10 billion in systemwide sales in 2022, Yum China is the largest restaurant chain in China. It generates revenue through its own restaurants and franchise fees. Key concepts include KFC (9,094 units) and Pizza Hut (2,903), but the company's portfolio also includes other brands such as Little Sheep, East Dawning, Taco Bell, Huang Ji Huang, COFFii & Joy, and Lavazza (collectively representing about 950 units). Yum China is a trademark licensee of Yum Brands, paying 3% of total systemwide sales to the company it separated from in October 2016.

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지난주, 중국 중앙은행이 은행의 지급준비율(RRR)을 50bp(베이시스 포인트) 또는 0.5%포인트 인하하기로 발표하면서 미국에 상장된 중국 기업들의 주가가 전반적으로 상승했다.

중국 주식 우세 - JD닷컴과 PDD는 지난주 최고 성과를 보여준 10개 대형주 중 일부 (9월 23일-9월 27일)

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글로벌 시장은 극심한 변동성을 겪고 있으며, 일본의 닛케이 225 지수가 밤새 13% 급락한 이후 월스트리트의 블랙 먼데이는 불가피한 것처럼 보였지만, 주가 지수는 뉴욕 정오 거래를 통해 장 초반 손실을 제한하려고 시도하고 있다.

미국 주식 시장은 서비스 지표의 확장에 블랙 먼데이의 하락을 축소, 채권 상승은 정체

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AMZN

화요일 오전 미국 주식 선물이 하락세를 보이면서 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다: Benzinga Pro의 데이터에 따르면 월스트리트는 코카콜라(NYSE:KO)가 개장 전에 102억 9천만 달러의 매출과 주당 65센트의 분기 이익을 보고할 것으로 예상하고 있다. 코카콜라 주가는 시간외 거래에서 0.2% 하락한 61.95달러를 기록했다.

코카콜라, 아마존 그리고 화요일 주목해야 할 주식 3종목

Yum China Holdings Inc

Chinese automaker BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is recalling 96,714 electric vehicles owing to risks of a part overheating, the country&#8217;s market regulator said on Monday.
What Happened: The recall population includes domestically produced Dolphin and Yuan PLUS EVs made between November 2022 and December 2023. It is not clear whether all the recalled vehicles are in operation within China or whether some were also exported. 
The capacitor within the column-assist electric power steering (CEPS) system may have cracks which can cause a short circuit, increasing risks of overheating or even fire, the regulator said.
BYD dealers will deploy a physical fix on the vehicles at no cost to the customer to resolve the issue, it added. 
The company did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comment.
Why It Matters: BYD, the biggest Chinese EV maker, sold 2,328,449 new energy vehicles (NEVs) this year through the end of August, including both passenger and commercial vehicles, marking an increase of nearly 30% from the corresponding period last year. NEV refers to both battery-electric vehicles and plug-in hybrid vehicles.
In the last quarter of 2023, BYD&nbsp;<a href="https://www.benzinga.com/news/24/09/40768611/elon-musk-shoots-down-reports-of-teslas-china-woes-amid-intense-competition-says-giga-shanghai-is-ru" target="_blank" rel="noreferrer noopener">took over American EV giant</a>&nbsp;Tesla Inc.&nbsp;in battery electric vehicle sales with 526,409 BEVs sold as compared to Tesla's 484,507 EVs. However, Tesla&nbsp;<a href="https://www.benzinga.com/news/24/04/38068997/elon-musk-dwells-on-wokeness-geopolitics-population-crisis-but-mostly-stays-silent-on-teslas-gloomy" target="_blank" rel="noreferrer noopener">took back the crown</a>&nbsp;in the first quarter of 2024.
Last week, the company announced that it made its<a href="https://www.benzinga.com/news/24/09/41043074/byd-makes-a-red-yangwang-u9-supercar-for-its-9-millionth-new-energy-vehicle"> 9 millionth NEV- a red Yangwang U9 supercar </a>produced by the company under its luxury car brand Yangwang.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/09/41063317/toyotas-global-output-tumbles-11-after-suspension-of-production-of-2-suvs-in-north-america">Toyota&#8217;s Global Output Tumbles 11% After Suspension Of Production Of 2 SUVs In North America</a></li>
</ul>
Photo courtesy: Shutterstock

BYDDF

BYDDY

BYD Recalls Nearly 97K EVs Over Concerns Of Overheating Part, Potential Fire

The major Asian markets diverged on Monday as country-specific catalysts drove the averages to either side of the unchanged line. Amid the development, the<a href="https://www.benzinga.com/futures"> U.S. index futures remained unchanged,</a> with a slight positive bias.
Geopolitics Weighs On Japan: Japan&#8217;s key stock market gauge, the Nikkei 225 average, gap-opened lower and fell sharply in early trading. Since then it has been moving roughly sideways around depressed levels. At last check, the export-heavy index was down about 2,000 points or 5.02% at 37,836.70.
The negative reaction comes as 67-year-old Shigeru Ishiba assumes the reins as the country&#8217;s prime minister after he was elected to lead the Liberal Democratic Party. He is widely expected to be sworn in as the prime minister on Tuesday, given the LDF is the majority party in the Japanese parliament Diet.
Japanese public broadcaster NHK said traders could be unwinding positions as they step to the sidelines to see off the policy announcements by Ishiba.
The yen has been modestly stronger against most major currencies early Monday in Asian hours.
Ishiba is a proponent of normalizing monetary policy, which would mean more rate hikes, and favors a more restrictive fiscal policy, including increasing taxes on corporations and financial income, Nikkei <a href="https://asia.nikkei.com/Business/Markets/Equities/Japan-stock-futures-fall-5-as-Ishiba-to-succeed-PM-Kishida">reported. </a>He also supports raising minimum wages in a bid to boost consumer sentiment and end deflation, the report said.
&#8220;Market caution seems to have spread for such issues, as Mr. Ishiba&#8217;s indicated [his] intention to tax financial income and [create] leeway for raising corporate tax,&#8221; said Nozomi Moriya, Japan equity strategist at UBS Securities, according to the report.
A separate Nikkei report, citing senior party officials that Ishiba plans to call for snap polls on Oct. 27. The former defense minister reportedly plans to dissolve the House of Representatives in October to seek a public mandate even as he has been actively selecting new executives of the ruling party and members of his prospective government.
See Also: <a href="https://www.benzinga.com/money/how-to-buy-japanese-stock">How To Buy Japanese Stocks</a>
China Rides High On Stimulus Largesse: China as well as Hong Kong continued to rally hard on Monday. At last check, the Shanghai Composite Index soared 7.49% to 3,318.64 and the Hang Seng Index climbed 3.87% to 21,431.14. 
The buoyancy is seen as a result of <a href="https://www.benzinga.com/opinion/24/09/41053956/a-win-either-way-trade-on-chinas-new-stimulus-package">China&#8217;s intent to reinvigorate economic growth through stimulus measures. </a>The People's Bank of China announced last week it will in the near future cut the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan ($142 billion) for new lending, Reuters reported. 
The central bank hinted at the possibility of reducing it by an incremental 0.25-0.50% points. The PBoC also said it would lower the seven-day repo rate by 0.2 points, the interest rate on a medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points.
Since Sept. 23, the Shanghai Composite Index has soared over 20%. 
Monday&#8217;s rally in Chinese stocks was facilitated by strengthening evidence of economic weakness. The Caixin China manufacturing purchasing managers&#8217; index fell from 50.4 in August to 49.3 in September, according to a report released by S&amp;P Global. A reading below 50 suggests contraction. The service sector PMI also dipped from 51.6 to 50.3, showing a slowdown in the pace of service sector expansion.
Weak data would allow leeway for authorities to lavish more stimuli into the economy.
The iShares MSCI Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>) ended Friday&#8217;s session down 2.62% at $71.08, according to<a href="https://benzinga.grsm.io/register174"> Benzinga Pro data, </a>while the iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) gained 1.78% before closing at $50.99. For the year, these ETFs are up 11.64% and 1.48%, respectively.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40745941/japan-pm-candidate-warns-bidens-opposition-to-nippons-us-steel-acquisition-could-undermine-the-trust">Japan PM Candidate Warns Biden&#8217;s Opposition To Nippon&#8217;s US Steel Acquisition Could &#8216;Undermine The Trust Of Its Allies&#8217;</a></li>
</ul>
Image via Unsplash

Asia

Politics

MCHI

Japan's Nikkei Plummets Over 2,000 Points Amid Change Of Guard, While Chinese Market Extends Stimulus-Driven Run: What's Driving Sentiment In Asia

A prominent cryptocurrency commentator predicted a significant price surge for Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), expecting as much as 5x return by the end of 2025.
What Happened: MartyParty, a widely-followed cryptocurrency influencer who also happens to be a music artist, said in an X post Sunday that Solana has been organically consolidating at $150 for 225 days. He expressed confidence in an imminent surge, noting that Solana&#8217;s price would not fall below $150 again. 
&#8220;The magnitude of this economy could propel it 5x before Q4 2025,&#8221; he wrote. MartyParty also spoke about the growing yields on Solana&#8217;s native DeFi offerings and their high adoption, concluding that the project has the best chance of delivering the second internet.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Sell all your <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a>, <a href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> and <a href="https://twitter.com/hashtag/Polkadot?src=hash&amp;ref_src=twsrc%5Etfw">#Polkadot</a> now before the FTX distributions. Enter it into <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw">@solana</a> and <a href="https://twitter.com/SuiNetwork?ref_src=twsrc%5Etfw">@SuiNetwork</a>. <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> <a href="https://twitter.com/search?q=%24SUI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SUI</a> Proportions are up to you but if you dont you will look back at this post and feel unhappy later. These 2 technologies are the only 2 that have…
&mdash; MartyParty (@martypartymusic) <a href="https://twitter.com/martypartymusic/status/1840408322643501205?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41070497/bitcoin-could-sail-to-70k-on-the-tailwinds-of-stablecoin-minting-chinese-stimulus-renewed-">Bitcoin Could Sail To $70K On The Tailwinds Of Stablecoin Minting, Chinese Stimulus, Renewed Altcoin Activity: 10x Research</a>
He further advised his followers to purchase Solana for under $200 and hold it for 2-4 years, warning that hesitation or emotional attachment to other low-potential assets could lead to missed opportunities.
Why It Matters: MartyParty&#8217;s predictions <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973470/anthony-scaramucci-discloses-holding-a-lot-of-solana-backs-the-ethereum-killer-network-to-">aligned with the views of</a> Anthony Scaramucci, CEO of SkyBridge Capital and a prominent cryptocurrency advocate close to Vice President Kamala Harris&#8217; campaign team. 
Scaramucci emphasized the potential of Solana to lead what he saw as an impending layer-1 blockchain revolution. He also revealed his substantial allocation toward the fifth-largest cryptocurrency, adding that he owns "a lot of" Solana.
That said, Solana&#8217;s future growth could be impacted by regulatory concerns. The SEC reportedly <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40454074/solana-a-security-sec-concerns-reportedly-led-to-pause-in-etf-filing-process">raised questions about Solana&#8217;s security status last month</a>, potentially leading to a halt in filings related to its exchange-traded funds (ETFs).
Price Action: At the time of writing, SOL was exchanging hands at $156.06, down slightly in the last 24 hours, but gaining gaining 12% over the month, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Over the last year, the token has jumped more than sevenfold.
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41084342/ftx-token-stuns-market-with-60-gains-whats-going-on-with-crypto-of-the-bankrupt-exchange-f">FTX Token Stuns Market With 60% Gains — What&#8217;s Going On With Crypto Of The Bankrupt Exchange Founded By Sam Bankman-Fried?</a></li>
</ul>

$SOL

Solana To Skyrocket 5X By Q4 2025? Analyst Says: 'Project Has The Best Chance Of Delivering The Second Internet'

In July, Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reportedly witnessed a surge in subscription cancellations after co-founder Reed Hastings announced that he is supporting Democratic nominee Kamala Harris.
On Sunday, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk highlighted this news, highlighting the alleged political donation bias among Netflix employees.
What Happened: Over the weekend, Bloomberg columnist Lucas Shaw <a href="https://www.bloomberg.com/news/newsletters/2024-09-29/netflix-nflx-users-cancel-after-reed-hastings-donates-to-kamala-harris">cited</a> researcher Antenna stating that Netflix&#8217;s cancellation rate nearly tripled in the U.S. after Hastings publicly endorsed Harris.
The Netflix co-founder <a href="https://www.theinformation.com/articles/reed-hastings-backs-pro-kamala-harris-pac-with-7-million-donation">revealed</a> to The Infomrtaion a $7 million donation to a pro-Harris super PAC.
Following this announcement, several Netflix subscribers who were also Trump supporters initiated a #CancelNetflix campaign, resulting in the worst single day for Netflix cancellations this year.
See Also: <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">Here&#8217;s How Elon Musk Has Become A Pro-Trump Political Influencer Through Social Media</a>
Musk shared the news on X, formerly Twitter, and shared an image showing employee donations in 2024.
The image cited Quiver Quantitative as the source of numbers indicating that 100% of donations from Netflix employees favored the Democratic Party.
While sharing the image, Musk said, "Donations by Netflix employees could not be more lopsided in favor of the Democratic Party (~100%)."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Donations by Netflix employees could not be more lopsided in favor of the Democratic Party (~100%) <a href="https://t.co/JGZPcB8i7o">https://t.co/JGZPcB8i7o</a> <a href="https://t.co/zz0WNbghpi">pic.twitter.com/zz0WNbghpi</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1840555072461103295?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
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According to the Quiver website, 99.94% of the total PAC contribution by Netflix goes to Democrats.
Interestingly, the image shared by Musk also showed employees of Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), donating 100% of the amount to only one party, but in their case, it was the Republicans.
As per the Quiver website, 99.36% of the PAC donation by ICE goes to Republicans and 0.64% to Democrats.
Why It Matters: Earlier this month, it was reported that in August Musk made his <a href="https://www.benzinga.com/news/24/09/40969728/elon-musk-boosts-house-republicans-with-record-289-100-donation">largest-known donation</a>, $289,100 to boost House Republicans' efforts.
In July also it was reported that the tech mogul, who is currently the wealthiest person on Earth with a net worth of $272 billion, <a href="https://www.benzinga.com/general/politics/24/07/39760652/biden-vs-trump-elon-musk-reportedly-donates-sizable-amount-to-ex-presidents-campaign-expert-call">donated to a super PAC</a> supporting Republican nominee Trump.
However, as per reports, despite Musk's support for Trump, <a href="https://www.benzinga.com/24/09/40935662/while-elon-musk-backs-trump-for-the-white-house-his-teams-at-tesla-x-and-spacex-are-supporting-kamal">employees at his companies</a> including Tesla, X, and SpaceX back Harris.
Two Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founders Peter Thiel and Joe Lonsdale have also <a href="https://www.benzinga.com/general/politics/24/06/39557155/palantir-co-founders-thiel-lonsdale-back-trump-in-2024-election-id-rather-have-him-than-biden">publicly announced</a> their support for Trump, but the former has made it clear that he <a href="https://www.benzinga.com/news/24/09/40890158/palantir-co-founder-peter-thiel-didnt-write-a-check-to-trump-and-doesnt-think-2024-will-be-close-kam">won't be donating</a> any money during this year's election.
According to the Quiver site, Palantir PAC contributions are divided in 68.28% and 31.72% ratio, with the larger part going to Republicans.
Previously, it was reported that <a href="https://www.benzinga.com/news/24/09/40890158/palantir-co-founder-peter-thiel-didnt-write-a-check-to-trump-and-doesnt-think-2024-will-be-close-kam">Harris had surpassed Trump</a> in the race for campaign funds.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/41083785/gavin-newsom-vetoes-controversial-ai-regulation-bill-backed-by-elon-musk-framework-must-keep-pace-wi">Gavin Newsom Vetoes Controversial AI Regulation Bill-Backed By Elon Musk: Framework Must &#8216;Keep Pace With The Technology&#8217;</a></li>
</ul>

Entertainment

NFLX

TSLA

Elon Musk Targets 'Lopsided' Anti-Trump Donations By Netflix Employees As Cancellations Soared After Co-Founder Reed Hastings Donated To Kamala Harris

President Joe Biden conveyed his admiration for former President Jimmy Carter on the <a href="https://www.benzinga.com/news/24/02/37204593/trump-nemesis-e-jean-carroll-lavishes-praise-on-jimmy-carter-he-only-needed-one-wife">occasion of his 100th birthday</a> on Oct. 1, acknowledging Carter&#8217;s enduring legacy and profound influence on both the nation and the world.
What Happened: Biden praised Carter&#8217;s optimistic vision for the country, his dedication to global betterment, and his unwavering faith in the inherent goodness of humanity, in a message <a href="https://www.cbsnews.com/news/president-joe-biden-on-jimmy-carters-100th-birthday/">released</a> by CBS News on Sunday. 
&#8220;Your hopeful vision of our country, your commitment to a better world, and your unwavering belief in the power of human goodness continues to be a guiding light for all of us,&#8221; Biden said.
"Mr. President, I admire you so darn much," Biden added. 
Biden also recognized Carter&#8217;s significant contributions during and after his presidential term, particularly through the Carter Center and Habitat for Humanity. He commended Carter&#8217;s moral clarity, which has been instrumental in resolving conflicts, promoting democracy, and preventing diseases, transforming lives both domestically and internationally.
Biden also reminisced about his early support for Carter&#8217;s 1976 presidential campaign, acknowledging Carter&#8217;s enduring influence as a moral force for the nation and the world. He also acknowledged the bittersweet nature of this birthday, as it is Carter&#8217;s first without his wife, former First Lady Rosalynn Carter, <a href="https://www.benzinga.com/news/24/02/37204593/trump-nemesis-e-jean-carroll-lavishes-praise-on-jimmy-carter-he-only-needed-one-wife">who passed away in November</a>.
See Also: <a href="https://www.benzinga.com/news/24/09/41078897/billionaire-mark-cuban-admits-to-being-a-trump-supporter-in-2016-credits-long-conversation-with-form?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Mark Cuban Admits To Being A Trump Supporter In 2016, Credits &#8216;Long Conversation&#8217; With Former President&#8217;s Running Mate JD Vance For His Political Shift</a>
Why It Matters: Despite his ailing health, Carter&#8217;s legacy continues to be celebrated by political figures. In March 2023, Biden revealed that Carter had <a href="https://www.benzinga.com/news/23/03/31333622/joe-bidens-slip-reportedly-reveals-carter-asked-him-to-do-eulogy">asked him to deliver his eulogy</a>. 
This request was made while Carter was in hospice care, as his health was <a href="https://www.benzinga.com/news/24/05/38833708/former-president-jimmy-carters-is-coming-to-the-end-says-grandson">deteriorating</a> due to various health issues.
Despite his health challenges, Carter&#8217;s legacy remains influential. In September 2023, former President Donald Trump made a comparison between Carter and Biden, suggesting that Carter was not a great president but was <a href="https://www.benzinga.com/news/23/09/35016975/donald-trump-says-jimmy-carter-wasnt-a-great-president-while-roasting-joe-biden-darling-im-no-longer">still better than Biden</a>. 
Even after leaving office, Carter&#8217;s influence on the political landscape remains significant. In January, Trump took a veiled swipe at Carter during his Iowa caucus victory speech, suggesting that <a href="https://www.benzinga.com/news/24/01/36653960/donald-trump-takes-a-dig-at-jimmy-carter-through-his-wifes-funeral-gets-slammed-nothing-is-sacred-or">Carter was grateful for Biden&#8217;s presidency</a> as it would improve his own legacy.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41080290/scaramucci-advocates-for-harris-to-save-the-republican-party-says-electing-harris-defeating-trump-is?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Scaramucci Advocates For Harris To Save The Republican Party, Says &#8216;Electing Harris, Defeating Trump Is About Saving The GOP&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

Jimmy Carter Receives A Heartfelt Message From Biden Ahead Of His 100th Birthday: 'I Admire You So Darn Much'

The cryptocurrency belonging to the defunct cryptocurrency exchange FTX (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ftt/usd">FTT</a>) dramatically jumped on Sunday, dwarfing the gains made by the rest of the market.
What happened: FTT exploded more than 60% over the last 24 hours, turning out to be the market's biggest gainer by a mile. The coin's trading volume lifted an eye-popping 3734%, with the buying pressure catapulting it to values not seen since mid-March.
The rally defied the broader market that saw the total market capitalization contract by 1.89% in the last 24 hours.&nbsp;
FTT's massive spike was unusual, given that the coin doesn't have any use as of this writing. It lost more than 90% of its market value after <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35445270/the-true-cost-of-the-ftx-collapse-how-much-did-sam-bankman-fried-really-make">FTX's fraudulent activities were unearthed</a>, leading to the exchange's bankruptcy in the fall of 2022.&nbsp;
FTX's disgraced founder Sam Bankman-Fried <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37988324/sam-bankman-fried-sentenced-to-25-years-judge-points-to-ambition-political-manipulation">was sentenced to 25 years in prison earlier in March</a> for his role in the sensational fraud case.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41053101/maxine-waters-says-crypto-is-inevitable-other-countries-are-way-ahead-of-the-united-states">Maxine Waters Says &#8216;Crypto Is Inevitable,&#8217; Other Countries Are &#8216;Way Ahead&#8217; Of The United States</a>
Why It Matters: FTT&#8217;s odd jump coincided with rumors that FTX would begin repaying fraud victims on Sept. 30.
However, these were categorically debunked by FTX creditor activist Sunil Kavuri, who said that the next court hearing for the restructuring plan was on Oct. 7.&nbsp;
Should the plan get a green signal, creditors with claims below $50,000 may see distributions by the end of 2024. Those with larger claims may have to wait until the first or second quarter of 2025, Kavuri said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">FTX Distribution False: Large accts. spreading false info, FTX distribution has started and/or start on 1st Oct etc and $16bn inflow 7th October: Plan hearing Approx No. Est. $5.5bn claims bought (50%) &#8211; not crypto investors &#8211; won&#39;t reinvest in crypto Claims &lt;$50k:…
&mdash; Sunil (FTX Creditor Champion) (@sunil_trades) <a href="https://twitter.com/sunil_trades/status/1840427183879159931?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Price Action: At the time of writing, FTT was exchanging hands at $2.31, up 61% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo by Sergei Elagin on Shutterstock
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$FTT

FTX Token Stuns Market With 60% Gains — What's Going On With Crypto Of The Bankrupt Exchange Founded By Sam Bankman-Fried?

In a stark warning reminiscent of the supply chain disruptions that plagued global commerce in 2021-2022, Northwestern University professor Ben Golub predicts potential chaos as the United States braces for its <a href="https://www.benzinga.com/markets/equities/24/09/41059881/costco-gears-up-for-potential-us-port-strikes-as-ceo-stresses-proactive-steps-america-could-get-">largest shipping strike in decades</a>.
What Happened: The economist&#8217;s analysis, <a href="https://x.com/ben_golub/status/1839661945793728826">shared</a> on social media platform X, highlights the fragility of modern supply networks and the far-reaching consequences of localized disruptions.
&#8220;On Tuesday, 36 US ports will be shut down by the largest shipping strike in living memory,&#8221; Golub wrote. &#8220;This could recreate the chaotic supply chain crisis of 2021-2022.&#8221;
Golub, a professor of economics and computer science, emphasizes that supply chains are far more complex than their linear name suggests. &#8220;Supply networks are complex, interconnected webs of relationships,&#8221; he explains, citing Toyota&#8217;s post-2011 earthquake discovery of 400,000 distinct items across ten supplier tiers.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Except they interlock across firms, like this. After the 2011 Japan earthquake, Toyota mapped its supply network, uncovering 400,000 distinct items across ten tiers of suppliers. This vast complexity means disruptions can ripple through the entire network in unexpected ways. <a href="https://t.co/fKZdvNepZ7">pic.twitter.com/fKZdvNepZ7</a>
&mdash; Ben Golub (@ben_golub) <a href="https://twitter.com/ben_golub/status/1839662917525918162?ref_src=twsrc%5Etfw">September 27, 2024</a></blockquote>
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The economist identifies key vulnerabilities in these networks:
<ol>
<li>Concentrated dependence on specific suppliers or regions</li>
<li>The &#8220;diversification mirage,&#8221; where apparent multisourcing fails to protect against upstream crises</li>
<li>The &#8220;complexity trap,&#8221; where moderate disruptions across the network can cause systemic failure</li>
</ol>
Golub argues that market forces alone are insufficient to ensure supply network stability. &#8220;Unlike road systems, global supply networks operate without oversight,&#8221; he notes, adding that research shows market equilibria are not robust enough to prevent crises.
Golub also pointed out that the semiconductor industry, heavily reliant on Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), is particularly vulnerable. Any disruption in this sector could halt entire industries, as seen during the 2021-2022 semiconductor shortages.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41074448/latest-inflation-data-cements-feds-interest-rate-call-s-p-500-hits-all-time-high-biden-adviser-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Latest Inflation Data Cements Fed&#8217;s Interest Rate Call, S&amp;P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets</a>
Why It Matters: The looming strike is not an isolated event but part of a broader context of potential disruptions. Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) has already taken proactive measures to mitigate the impact. CEO Ron Vachris <a href="https://www.benzinga.com/markets/equities/24/09/41059881/costco-gears-up-for-potential-us-port-strikes-as-ceo-stresses-proactive-steps-america-could-get-">detailed contingency plans</a>, including pre-shipping holiday goods and preparing to use alternative ports.
Additionally, <a href="https://www.benzinga.com/news/global/24/08/40451543/transatlantic-container-shipping-volumes-rise-as-possible-strike-at-u-s-ports-hovers">transatlantic container shipping volumes</a> have surged as U.S. retailers rush to replenish inventories ahead of the potential strike. Hapag-Lloyd CEO Rolf Habben Jansen noted the temptation among customers to bring in goods early.
Lastly, China&#8217;s exports are also at risk due to the anticipated U.S. port strikes, compounded by typhoons and the upcoming Golden Week holiday, which traditionally <a href="https://www.benzinga.com/markets/asia/24/09/41012532/chinas-exports-at-risk-from-anticipated-us-port-strikes-typhoons-golden-week-warns-container-trade-e">slows logistics activities in China</a>.
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<li><a href="https://www.benzinga.com/trading-ideas/previews/24/09/41054701/inflation-data-will-be-watched-like-a-hawk-friday-after-feds-interest-rate-cuts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Inflation Data &#8216;Will Be Watched Like A Hawk&#8217; Friday After Fed&#8217;s Interest Rate Cuts</a></li>
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

COST

Economist Ben Golub Sounds Alarm On Upcoming US Shipping Strike Affecting 36 Ports: 'Chaotic Supply Chain Crisis' Of 2021-2022 Threatens To Resurface

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate Jamie Robinson recently drew attention to digital displays exhibiting the price of the leading cryptocurrency in El Salvador, a sight visible to thousands of commuters daily.
What Happened: On Saturday, Robinson took to X to highlight Bitcoin&#8217;s rising mainstream acceptance in the Central American nation. 
&#8220;Digital displays with the Bitcoin price now in El Salvador. Tens of thousands drive past this major intersection every day! &#8221; Robinson said. &#8220;Over the next year they'll all watch the price change.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Digital displays with the Bitcoin price now in El Salvador. Tens of thousands drive past this major intersection every day! Over the next year they'll all watch the price change. &#x26a1;&#xFE0F; <a href="https://t.co/UzM49LpvCp">pic.twitter.com/UzM49LpvCp</a>
&mdash; Jamie Robinson (@JYUHQS) <a href="https://twitter.com/JYUHQS/status/1840093095397924954?ref_src=twsrc%5Etfw">September 28, 2024</a></blockquote>
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According to Robinson, the digital displays were placed at the intersection between Av. De La Revolucion and the Alameda Doctor Manuel Enrique Araujo in the capital, Sal Salvador.
Robinson serves as the chief strategy officer of The Bitcoin Hardware Store, which houses hardware wallets, textbooks, and merchandise related to the apex cryptocurrency,
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41081939/trump-wants-us-to-be-bitcoin-mining-capital-of-the-world-core-scientifics-move-to-buy-chip">Trump Wants US To Be Bitcoin Mining Capital Of The World — Core Scientific&#8217;s Move To Buy Chips From Jack Dorsey Just The First Step In That Direction? CEO Gives Us His Take</a>
Why It Matters: El Salvador has been making significant strides in integrating Bitcoin into the mainstream ever since adopting it as legal tender in 2021. The country&#8217;s ambitious &#8216;Bitcoin City&#8217; project attracted a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">$1.6 billion investment</a> from a Turkey-based company, marking the largest private investment in the nation&#8217;s history.
In fact, El Salvador&#8217;s Ministry of Education has partnered with a non-profit organization <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34250187/bitcoin-to-become-core-subject-in-el-salvadorian-schools">to incorporate Bitcoin education into the public school curriculum</a> by 2024.
However, despite these efforts, the adoption of Bitcoin as a legal tender in the country <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40644084/el-salvador-president-nayib-bukele-says-bitcoin-uptake-hasnt-been-a-resounding-success-we-">hasn&#8217;t seen the expected widespread uptake</a>. President Nayib Bukele admitted recently that the results could have been better, but emphasized that the choice to use Bitcoin was left to the public.
Price Action: At the time of writing, Bitcoin was trading just below $59,176.16, up 1.59% 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.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Photo Courtesy: Shutterstock.com
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Disclaimer:&nbsp;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.

Nayib Bukele's El Salvador Is Mainstreaming Bitcoin By Putting The Price Where Everyone Can See It: 'Over The Next Year They'll All Watch…'

In an interaction with YouTuber Cleo Abram, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg spoke about various subjects including the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41046013/metas-ai-breakthroughs-dominate-connect-event-as-analyst-highlights-affordable-mixe">company&#8217;s latest innovation</a>, the Orion AR Glasses.
What Happened: During the interview which was posted on YouTube last week, Zuckerberg described <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">the Orion AR</a> Glasses as the first-ever full holographic augmented reality glasses.
He said that the glasses are a result of a decade of research and development. They aim to miniaturize all the computing needed for glasses to project full holograms into the world.
When asked about the intention behind building such a gadget, the Meta CEO said that he believes that these glasses will be the next major computing platform.
See Also: <a href="https://www.benzinga.com/news/24/09/41061660/ex-microsoft-ceo-and-billionaire-steve-ballmer-says-he-gets-most-important-stuff-from-elon-musks-x-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ex-Microsoft CEO And Billionaire Steve Ballmer Says He Gets &#8216;Most Important Stuff&#8217; From Elon Musk&#8217;s X: &#8216;I Wanna Know Straight From The Source&#8217;</a>
&#8220;I think that the trend in computing is it gets more ubiquitous, it gets more natural, and it just gets more social right, so you want to be able to interact with people in the world around you, and I think that this is probably going to be the next major platform after phones,&#8221; he stated.
While the Orion AR Glasses are currently in the prototype stage, Zuckerberg expressed hope that the next version will be a consumer product available to a wide audience.
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<iframe loading="lazy" title="The Future Mark Zuckerberg Is Trying To Build" width="500" height="281" src="https://www.youtube.com/embed/oX7OduG1YmI?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>
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Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The new Orion prototype AR Glasses were unveiled at the <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">Meta Connect 2024 event</a> last week.
Following the event, <a href="https://www.benzinga.com/news/24/09/41054106/meta-analysts-highlight-ai-vr-advances-see-growth-pushing-it-toward-apple-like-valuation">analysts re-rated Meta</a>, expressing increased confidence in Meta&#8217;s hardware and XR product roadmap.
They noted that the tech giant is at the forefront of a new computing platform and highlighted the possibility of Orion representing the next primary consumer computing platform.
When a user highlighted the stark difference between the praises today versus the criticism in 2022, the Meta CEO said that he remains focused on the long-term plan.
He also spoke about the importance of maintaining this perspective in the face of <a href="https://www.benzinga.com/news/24/09/41060160/mark-zuckerberg-basks-in-orion-praises-isnt-unnerved-by-past-critiques-youre-never-as-good-as-they-s">fluctuating market sentiment</a>: &#8220;You're never as good as they say when you're up, and you're never as bad as they say when you're down.&#8221;
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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.

Mark Zuckerberg Says, Orion 'Is Probably Going To Be The Next Major Platform After Phones' — Meta's New AR Wearables Real-Life Tony Stark Glasses In The Making?

Changpeng Zhao, the founder and former CEO of the world&#8217;s biggest cryptocurrency exchange Binance, shared his reflections and plans following his release from prison after serving a four-month sentence
What Happened: On Sunday, Zhao, popularly referred to as CZ, expressed gratitude for his supporters who stood by him in his &#8220;darkest moments.&#8221;
&#8220;Let me chill for a bit. Then figure out the next steps. There are always more opportunities in the future than there were in the past,&#8221; the cryptocurrency mogul voiced optimism for the future.
CZ reiterated his commitment to blockchain technologies and decentralization, calling himself a &#8220;long-term investor who cares about impact, not returns.&#8221;
He also said that Giggle Academy, a&nbsp;nonprofit free online education platform, would continue to be his focus for the next few years. CZ added he would devote more time to charity and education in general.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">gm, the food taste so good&#8230; And what a luxury to be able to have more than one piece of fruit per day! I know some of you may have a lot of questions. I won&#39;t have all the answers. Let me chill for a bit. Then figure out the next steps. There are always more opportunities in… <a href="https://t.co/9hvgp8Bo97">https://t.co/9hvgp8Bo97</a>
&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1840265403882152232?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079308/from-binances-zhao-to-silk-roads-ulbricht-meet-the-crypto-moguls-who-amassed-272-years-of-">From Binance&#8217;s Zhao To Silk Road&#8217;s Ulbricht: Meet The Crypto Moguls Who Amassed 272 Years Of Prison Time</a>
The cryptocurrency magnate also revealed the status of his upcoming book. &#8220;About 2/3 done, I think. Writing a book is a lot more work than I anticipated, but will see this one through.&#8221; 
Last but not least, he acknowledged that Binance was doing well without him, deeming it &#8220;every founder&#8217;s dream!&#8221;
Why It Matters: CZ&#8217;s remarks followed his release from a four-month prison sentence <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38547115/ex-binance-ceo-changpeng-zhao-sees-crypto-industry-entering-new-phase">for anti-money laundering violations</a>. 
The sentencing stemmed from the DOJ&#8217;s investigation into CZ and Binance&#8217;s operations. CZ paid a $50 million fine and resigned as CEO of Binance in November 2023, bringing the multiyear probe to an end. The exchange also faced $4.3 billion in penalties.
CZ&#8217;s imprisonment made headlines as he was one of the wealthiest individuals to ever serve time in a U.S. federal prison. At the time of his sentencing, he was the <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40390329/who-is-the-wealthiest-person-to-ever-land-in-a-us-prison-his-crypto-connections-might-surp">34th richest person in the world</a>, with a net worth exceeding $40 billion.
Price Action: At the time of writing, the native currency of the Binance ecosystem, BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), was exchanging hands at $577.54, down nearly 4% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo Courtesy: Wikimedia Commons
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$BNB

Changpeng 'CZ' Zhao's New Chapter After Release From Prison: Will Continue Investing In Blockchain, But First, 'Let Me Chill For A Bit'

Former President Donald J. Trump recently tweeted a prayer to Saint Michael the Archangel, adding a spiritual dimension to the intense political climate surrounding the 2024 elections.
What Happened: On Michaelmas, Trump posted a prayer to Saint Michael the Archangel on X: &#8220;Saint Michael the Archangel, defend us in battle. Be our defense against the wickedness and snares of the Devil.&#8221;
&#8220;May God rebuke him, we humbly pray, and do thou, O Prince of the heavenly hosts, by the power of God, cast into hell Satan, and all the evil spirits, who prowl about the world seeking the ruin of souls. Amen.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Saint Michael the Archangel, defend us in battle. Be our defense against the wickedness and snares of the Devil. May God rebuke him, we humbly pray, and do thou, O Prince of the heavenly hosts, by the power of God, cast into hell Satan, and all the evil spirits, who prowl about… <a href="https://t.co/Z3RoeGUslh">pic.twitter.com/Z3RoeGUslh</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1840550305085141221?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
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Michaelmas, celebrated on September 29, is a Christian feast day honoring the Archangel Michael and all angels. Traditionally, it marks the end of the harvest season in Europe and serves as a reminder of spiritual strength and protection. In some cultures, it&#8217;s also linked to law and order, as it historically coincided with the start of legal and academic terms.
See Also: <a href="https://www.benzinga.com/news/24/09/41080239/mary-trump-says-there-are-much-much-worse-things-about-donald-trump-than-his-shameless-hucksterism?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mary Trump Says There Are Much, Much Worse Things About Donald Trump &#8216;Than His Shameless Hucksterism&#8217;</a>
Why It Matters: This spiritual appeal comes amidst a tight race between Trump and Vice President Kamala Harris in key battleground states, as reported by a recent <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">New York Times/Siena College poll</a>. Trump&#8217;s post also aligns with his previous religious gestures, such as endorsing a version of the Bible for which he earned $300,000, as disclosed in his <a href="https://www.benzinga.com/news/24/08/40412973/trump-made-300k-from-bible-endorsement-over-500k-from-a-maga-journey-and-millions-from-book-royaltie">latest financial disclosure</a>.
Earlier this year, Trump shared a fan-made video portraying him as a <a href="https://www.benzinga.com/news/24/01/36526355/in-lead-up-to-2024-election-trump-shares-strange-fan-made-video-that-claims-god-gave-us-trump">divine leader</a> chosen to fight against &#8220;Marxists&#8221; and &#8220;fake news.&#8221; He also claimed to have <a href="https://www.benzinga.com/general/23/11/35967727/donald-trump-said-he-brought-back-the-phrase-merry-christmas-because-he-fought-the-woke-culture-that">reinstated</a> the phrase &#8220;Merry Christmas&#8221; during his presidency, in opposition to what he termed as &#8220;woke culture.&#8221;
Image via Shutterstock
Check This Out: 
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<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>

General

Trump's Michaelmas Message Amid Tight Race With Kamala Harris: 'Cast Into Hell Satan, And All The Evil Spirits, Who Prowl About The World'

Kris Kristofferson, a trailblazing country music singer-songwriter and actor, passed away on Saturday at his home in Maui, Hawaii. He was 88 years old.
What Happened: Kristofferson&#8217;s family announced his passing in a heartfelt <a href="https://www.instagram.com/p/DAhI664SOgj/?utm_source=ig_web_copy_link">statement</a> on Instagram, saying he died peacefully surrounded by loved ones. The statement, released on behalf of his wife Lisa and his eight children, expressed gratitude for the time spent with him and the love he received over the years.
The Family of Kris Kristofferson, &#8220;asks for privacy during this time,&#8221; the statement read. 
Kristofferson&#8217;s career spanned decades, with notable achievements in both music and film. He penned numerous hit songs, including &#8220;Me and Bobby McGee,&#8221; and starred in films like &#8220;A Star Is Born.&#8221; His legacy includes three Grammy Awards and a Lifetime Achievement Award from the Recording Academy.
The chief executive for the Country Music Hall of Fame, Kyle Young, said: "Kris Kristofferson believed creativity is God-given, and those who ignore such a gift are doomed to unhappiness.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Kris Kristofferson believed creativity is God-given, and those who ignore such a gift are doomed to unhappiness. He preached that a life of the mind gives voice to the soul, and his work gave voice not only to his soul but to ours. He leaves a resounding legacy." —Kyle Young,… <a href="https://t.co/JMyZp6lJUr">pic.twitter.com/JMyZp6lJUr</a>
&mdash; Country Music Hall of Fame and Museum (@countrymusichof) <a href="https://twitter.com/countrymusichof/status/1840517759014236326?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/41080239/mary-trump-says-there-are-much-much-worse-things-about-donald-trump-than-his-shameless-hucksterism?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mary Trump Says There Are Much, Much Worse Things About Donald Trump &#8216;Than His Shameless Hucksterism&#8217;</a>
Why It Matters: His work has left an indelible mark on the industry, influencing countless artists and shaping the genre&#8217;s evolution. Kristofferson&#8217;s ability to blend poignant storytelling with soulful melodies set a new standard for country music, making his songs timeless classics.
Kristofferson&#8217;s impact extended beyond music. His acting career, highlighted by his role in &#8220;A Star Is Born,&#8221; showcased his versatility and broadened his influence in the entertainment world. His dedication to his craft and his ability to connect with audiences on multiple levels made him a beloved figure in both music and film.
The loss of Kristofferson is felt deeply within the music community, as he was not only a pioneer but also a mentor and inspiration to many. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/41059891/elon-musk-says-because-almost-none-of-you-do-your-math-sums-the-world-is-largely-not-using-the-big-f?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says The World Isn&#8217;t Using The Sun&#8217;s Energy Enough Because Most People Don&#8217;t Do The Math: &#8216;All Energy Generation Will Be Solar&#8217;</a></li>
</ul>
Image Via Wikimedia Commons
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>

Kris Kristofferson Passes Away At 88, Country Music Icon Mourned By Family, Music Industry

Leading cryptocurrencies traded flat Sunday ahead of Federal Reserve Chair Jerome Powell's speech on the direction of interest rate cuts in the coming months.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:45 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.53%</td>
<td>$65,364.81</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>-0.95%</td>
<td>$2,642.44</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.30%</td>
<td>$0.1235</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin spiked above $66,000 during the afternoon hours but started to descend as the evening progressed, falling as low as $65,121 overnight. Ethereum also encountered choppy behavior in the $2,600 region
Bitcoin gained more than 10% in September, its best performance in a month with a historical average loss of 3.47%. The rally has been broadly fueled by the <a href="https://www.benzinga.com/markets/equities/24/09/40965372/fed-delivers-large-interest-rate-cut-in-bid-to-sustain-labor-market-stocks-gold-set-new-record-h">central bank's aggressive 0.5% rate cut</a> earlier this month.
Total cryptocurrency liquidations exceeded $108 million in the last 24 hours, with long liquidations accounting for 60%.
The number of bearish bets for the cryptocurrency spiked dramatically vis à vis bullish long bets, according to the Long/Short Ratio.
The market sentiment continued to be one of "Greed," according to the popular Cryptocurrency Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:30 p.m. EDT)</td>
</tr>
<tr>
<td>FTX token (FTT)</td>
<td>+60.08%</td>
<td>$2.24</td>
</tr>
<tr>
<td>Mina (MINA)</td>
<td>+12.07%</td>
<td>$0.6071</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+7.43%</td>
<td>$0.9885</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.29 trillion in the last 24 hours, following a marginal decrease of 0.77% in the last 24 hours.
Stock futures were little changed Sunday overnight. The Dow Jones Industrial Average Futures was up 0.06% at 9:15 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.12%, while Nasdaq 100 Futures rose 0.15%.
Blue-chip indices clocked fresh highs Friday, well-positioned to end September on a positive note. The Dow Jones Industrial Average was up 1.8% month-to-date, while the broad-based index S&amp;P 500 gained 1.25%.&nbsp;
Investors would closely watch the unemployment data for September, slated to be released on Friday. Additionally, Fed Chair Jerome Powell's speech on Monday would provide clues on the monetary easing policy.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular on-chain analyst Ali Martinez issued a massively bullish long-term price projection for Bitcoin.
"Current price action is just noise! If Bitcoin is truly forming a cup-and-handle pattern, the long-term bullish target could range between $194,000 and $352,000!" the cryptocurrency expert said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Current price action is just noise! If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is truly forming a cup-and-handle pattern, the long-term bullish target could range between $194,000 and $352,000! <a href="https://t.co/RCyafygEPn">pic.twitter.com/RCyafygEPn</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1840412216815681550?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Martinez had earlier underscored that the final quarter typically witnesses much higher gains if King Crypto closes in the green in September. As of this writing, BTC was up more than 10% in the month.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Current price action is just noise! If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is truly forming a cup-and-handle pattern, the long-term bullish target could range between $194,000 and $352,000! <a href="https://t.co/RCyafygEPn">pic.twitter.com/RCyafygEPn</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1840412216815681550?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Noted on-chain analytics firm Santiment stated that the market's expectations needed to be tempered for Bitcoin to hit new highs.
"There are currently 1.8 bullish posts toward BTC for every 1 bearish post. Markets historically always move in the opposite direction of the crowd&#8217;s expectations," the firm remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4ca; If you&#39;re awaiting Bitcoin&#39;s new all-time high, it may need to wait until the crowd slows down their own expectations. There are currently 1.8 bullish posts toward BTC for every 1 bearish post. Markets historically always move the opposite direction of crowd&#39;s expectations. <a href="https://t.co/ZxDxalgmzb">pic.twitter.com/ZxDxalgmzb</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1840196477127172139?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Photo by Avi Rozen on Shutterstock
Read Next:    
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41081939/trump-wants-us-to-be-bitcoin-mining-capital-of-the-world-core-scientifics-move-to-buy-chip">Trump Wants US To Be Bitcoin Mining Capital Of The World — Core Scientific&#8217;s Move To Buy Chips From Jack Dorsey Just The First Step In That Direction? CEO Gives Us His Take</a></li>
</ul>

$DOGE

$ETH

Bitcoin, Ethereum Flat, Dogecoin Falls Ahead Of Fed Chair Jerome Powell's Speech: Price Target For King Crypto Could Be $194K-$352K, Says Top Analyst

&#8220;Shark Tank&#8221; fame Billionaire Mark Cuban has cautioned Elon Musk about the loyalty of Donald Trump, in response to Musk&#8217;s X supporting the ex-president&#8217;s re-election.
What Happened: On Sunday, Cuban took to X to respond to Musk&#8217;s post, which claimed that Trump&#8217;s re-election was the only way to save democracy. Musk had argued that the Democrats&#8217; immigration policies would lead to a one-party state, effectively ending democracy.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Classic case of projection. You're describing how you think about politics.
&mdash; David Sacks (@DavidSacks) <a href="https://twitter.com/DavidSacks/status/1840451576265429306?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Cuban&#8217;s response was a stark warning to Musk, stating that Trump&#8217;s loyalty lies solely with himself. He highlighted Musk&#8217;s political support for Trump, including millions of dollars in donations, and suggested that Musk might be disappointed when he needs something from Trump in return.
&#8220;At the point you need him the most, you will find out what so many before you have learned, his loyalty is only to himself.&#8221;
Cuban&#8217;s comments got the attention of venture capitalist David Sacks, an investor in Musk&#8217;s X, who said, &#8220;Classic case of projection. You're describing how you think about politics.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just the opposite. I haven't given a penny to a politician or PAC in over 20 years.
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1840482200615350309?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Cuban&#8217;s come back was that he hadn&#8217;t &#8220;given a penny to a politician or PAC in over 20 years.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/09/41080855/kim-jong-uns-sister-says-us-making-incredible-mistake-by-giving-8b-in-military-aid-to-ukraine-should?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s Sister Says US Making &#8216;Incredible Mistake&#8217; By Giving $8B In Military Aid To Ukraine: &#8216;Shoul</a>
Why It Matters: Cuban&#8217;s post comes amid a contentious election season. Recent polls show a <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">tight race</a> between Vice President Kamala Harris and Trump in key battleground states. Cuban has publicly endorsed Harris, comparing her rise in the polls to a new CEO&#8217;s success.
In a <a href="https://www.benzinga.com/startups/24/09/41082417/to-mark-cuban-theres-no-doubt-donald-trumps-billionaire-tech-backers-know-they-can-manipulate-him-be">recent interview</a>, Cuban expressed his belief that some of Silicon Valley&#8217;s wealthiest players, including Musk, support Trump because they believe they can control him. He stated, &#8220;I think they believe they can manipulate him.&#8221;
However, Cuban has also <a href="https://www.benzinga.com/news/24/09/40958452/mark-cuban-says-elon-musk-believes-hes-much-smarter-than-trump-reveals-the-intoxicating-reason-why-t">noted</a> that Musk believes he&#8217;s much smarter than Trump, suggesting a complex dynamic between the two billionaires.
Photo courtesy: Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Mark Cuban Warns Elon Musk That When The Time Comes He Needs Trump The Most He Will Find Out The Truth: 'His Loyalty Is Only To Himself'

SpaceX's Crew Dragon capsule successfully docked at the International Space Station on Sunday, NASA confirmed on X stating, &#8220;The official welcome!.&#8221;
What Happened: The capsule will bring back two Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) astronauts who have been stuck in space for months. Musk announced, &#8220;Dragon has reached,&#8221; tagging the ISS in his X post.
The spacecraft transported NASA astronaut Nick Hague and Roscosmos cosmonaut Aleksandr Gorbunov to the ISS for their five-month science mission. They will return with the stranded Boeing astronauts.
The Crew Dragon has two vacant seats for Butch Wilmore and Suni Williams, who will return to Earth in February. Initially planned for eight days, their mission was extended due to a malfunction of the Starliner capsule on Jun. 5.
The Starliner, on its maiden flight, experienced thruster failures and helium leaks, prompting NASA to return the capsule to <a href="https://www.benzinga.com/news/24/09/41080888/spacex-steps-in-to-rescue-stranded-nasa-astronauts-stuck-at-iss-due-to-boeing-starliners-issues-elon">Earth without the astronauts</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dragon has reached <a href="https://twitter.com/Space_Station?ref_src=twsrc%5Etfw">@Space_Station</a> <a href="https://t.co/p0kEkJklnK">https://t.co/p0kEkJklnK</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1840534659740115333?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The official welcome! The Expedition 72 crew welcomed <a href="https://twitter.com/hashtag/Crew9?src=hash&amp;ref_src=twsrc%5Etfw">#Crew9</a>, <a href="https://twitter.com/NASAAstronauts?ref_src=twsrc%5Etfw">@NASAAstronauts</a> Nick Hague, the Crew 9 commander and cosmonaut Aleksandr Gorbunov, the crew 9 mission specialist, after their flight aboard the <a href="https://twitter.com/SpaceX?ref_src=twsrc%5Etfw">@SpaceX</a> Dragon spacecraft. <a href="https://t.co/pOa8sTQWDo">pic.twitter.com/pOa8sTQWDo</a>
&mdash; NASA&#39;s Johnson Space Center (@NASA_Johnson) <a href="https://twitter.com/NASA_Johnson/status/1840540675919544704?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Suspends 5.3M Accounts, Flags 10.6M Posts In First Transparency Report Amid User And Advertiser Decline</a>
Why It Matters: The rescue mission by SpaceX underscores the ongoing challenges faced by Boeing in its space endeavors. SpaceX launched a half-filled Crew Dragon spaceship into orbit specifically to <a href="https://www.benzinga.com/news/24/09/41080888/spacex-steps-in-to-rescue-stranded-nasa-astronauts-stuck-at-iss-due-to-boeing-starliners-issues-elon">rescue the stranded astronauts</a>. Normally, the Crew Dragon is designed to transport four astronauts, but this mission was unique due to the safety issues with Boeing's Starliner.
This mission also comes amid a backdrop of tension between SpaceX and the Federal Aviation Administration. Musk recently called for the resignation of FAA chief Mike Whitaker, citing <a href="https://www.benzinga.com/news/24/09/41041586/spacex-ceo-elon-musk-calls-for-resignation-of-faa-administrator-mike-whitaker">mounting tensions between the federal agency</a> and SpaceX.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40976555/elon-musk-shares-it-takes-multiple-fish-licenses-to-launch-a-rocket-i-dont-think-the-public-is-quite?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Shares It Takes &#8216;Multiple Fish Licenses&#8217; To Launch A Rocket: &#8216;I Don&#8217;t Think The Public Is Quite Aware Of The Madness That Goes On,&#8217; Says SpaceX CEO</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

SPACE

Elon Musk Confirms Crew Dragon's ISS Arrival — SpaceX Capsule To Rescue Stranded Boeing Astronauts, Crew 9 Gets Warm Welcome

Following significant lobbying from major tech companies, California Governor&nbsp;Gavin Newsom&nbsp;(D-Calif.) has <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40658481/elon-musk-backed-california-ai-safety-bill-sb-1047-has-57-chance-of-being-signed-by-gavin-">vetoed a bill</a> designed to regulate AI, citing concerns that it could stifle innovation.
What Happened: Newsom made his decision at the eleventh hour, after the bill had been passed by the state legislature in late August.
The proposed legislation, known as SB 1047, would have imposed stringent rules on the development of powerful AI models, including the implementation of a kill switch to prevent potential harm.
On Sunday, in a letter to the&nbsp;state senate, Newsom defended his&nbsp;veto of the Safe and&nbsp;Secure Innovation for Frontier Artificial Intelligence Systems Act.
He expressed concern that the proposed framework could limit innovation beneficial to the public good, noting that California is&nbsp;home to 32 of the&nbsp;world&#8217;s leading AI companies.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/41078848/openai-execs-feared-chatgpt-parent-would-collapse-after-departure-of-ilya-sutskever-tried-to-woo-him?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">OpenAI Execs Feared ChatGPT-Parent Would Collapse After Departure Of Ilya Sutskever, Tried To Woo Him Back And Almost Succeeded: Report</a>
&#8220;Let me be clear &#8211; I agree with the author &#8211; we cannot afford to wait for a major catastrophe to occur before taking action to protect the public,&#8221; he said in the letter, adding, &#8220;I do not agree, however, that to keep the public safe, we must settle for a solution that is not informed by an empirical trajectory analysis of Al systems and capabilities.&#8221;
&#8220;Ultimately, any framework for effectively regulating Al needs to keep pace with the technology itself,&#8221; Newsom stated.
Senator Scott Wiener&nbsp;(D-Calif.),&nbsp;the bill's author, called the veto a setback for those who support oversight of large corporations making key decisions that impact public safety and the planet&#8217;s future.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My statement on the Governor's veto of SB 1047: <a href="https://t.co/SsuBvV2mMI">pic.twitter.com/SsuBvV2mMI</a>
&mdash; Senator Scott Wiener (@Scott_Wiener) <a href="https://twitter.com/Scott_Wiener/status/1840493325029404686?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
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Why It Matters: Major AI companies, including&nbsp;Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google,&nbsp;ChatGPT-parent OpenAI, and&nbsp;Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), were against the bill.
They argued that premature regulation could hinder AI development and jeopardize <a href="https://www.benzinga.com/news/24/08/40618637/california-ai-safety-bill-that-got-thumbs-up-from-elon-musk-awaits-gavin-newsoms-signatures-amid-tec">California&#8217;s leading role</a> in the technology&#8217;s advancement.
However, Tesla and SpaceX CEO Elon Musk publicly <a href="https://www.benzinga.com/news/24/08/40567158/elon-musk-throws-weight-behind-california-ai-regulation-bill-even-as-openai-prefers-federal-regulati">endorsed the SB 1047 AI safety bill</a>, stating that it was a tough call but necessary for California.
AI startup Anthropic also supported the bill.
Interestingly, earlier in September, Newsom had <a href="https://www.benzinga.com/news/24/09/40912021/gavin-newsom-signs-laws-aimed-at-curbing-deepfakes-around-elections-critical-that-we-ensure-ai-is-no">signed three bills aimed at curbing</a> the use of AI in creating misleading images or videos in political advertisements, indicating his willingness to regulate AI in certain contexts.
Image via Shutterstock
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/news/24/09/41042433/elon-musks-x-suspends-5-3m-accounts-flags-10-6m-posts-in-first-transparency-report-amid-user-and-adv?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s X Suspends 5.3M Accounts, Flags 10.6M Posts In First Transparency Report Amid User And Advertiser Decline</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Gavin Newsom Vetoes Controversial AI Regulation Bill-Backed By Elon Musk: Framework Must 'Keep Pace With The Technology'

Sen. Lindsey Graham (R-S.C.) has taken to X to voice his concerns about the Biden-Harris administration&#8217;s handling of <a href="https://www.benzinga.com/news/24/09/41079860/israel-tightens-grip-hezbollah-leader-hassan-nasrallah-killed">escalating global tensions</a>.
What Happened: On Sunday, Lindsey Graham expressed his dissatisfaction with the current administration&#8217;s approach to international affairs. He said he wanted to know what the Democrat presidential candidate Kamala Harris was going to do in the upcoming four years.
He posted, &#8220;The world is on fire under the Biden-Harris Administration. I'd like to hear from Kamala how she is going to change things in the next four years.&#8221;
Graham shared a video of his appearance on CNN&#8217;s State of the Union and said that the administration doesn&#8217;t have a &#8220;clue&#8221; about the global state of affairs.
The world that Trump left us when he left office was mortgage rates below 3%, a secure border, peace agreements, no war anywhere. I would like to see her explain how she&#8217;s gonna change things when she&#8217;s been in charge for 4 years.&#8221;
&#8220;I&#8217;d like to know from her point of view what did happen in the Mid-East.&#8221; Graham then pointed to the conflicts in the Middle East and the ongoing Russia-Ukraine conflict.
He then had a suggestion for Republican presidential candidate Donald Trump. Graham invoked the humorist Edgar Nye&#8217;s reference to a river in the Midwest that has come to imply being shallow or lacking depth — &#8220;If you do debate her, &#8220;She&#8217;s a mile wide, and inch deep and you can prove that.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The world is on fire under the Biden-Harris Administration. I'd like to hear from Kamala how she is going to change things in the next four years. <a href="https://t.co/90VcUpcIof">pic.twitter.com/90VcUpcIof</a>
&mdash; Lindsey Graham (@LindseyGrahamSC) <a href="https://twitter.com/LindseyGrahamSC/status/1840535781137330366?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This post comes amidst a series of significant global events, including the death of Hezbollah leader Hassan Nasrallah in an Israeli airstrike, escalating hostilities between Israel and Hezbollah, and changes in Russia&#8217;s nuclear policy.
See Also: <a href="https://www.benzinga.com/news/24/09/41080258/while-trump-launches-100k-luxury-watch-wife-melania-trump-talks-about-rising-inflation-the-country-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">While Trump Launches $100K Luxury Watch, Wife Melania Trump Talks About Rising Inflation: &#8216;The Country Is Suffering, People Not Able To Buy Necessities For Their Families&#8217;</a>
Why It Matters: The recent Israeli airstrike that led to the death of Hezbollah&#8217;s leader Hassan Nasrallah has heightened tensions in the Middle East. Reports indicate that the Israeli military used 2,000-pound bombs in the attack, leading to concerns about the potential for a full-scale war.
The United States has cautioned Israel against escalating hostilities with Hezbollah, urging diplomatic solutions instead. Despite this, the situation continues to escalate, with the <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon">U.S. warning Israel</a> against a full-blown war.
Adding to the global tension, Russia has announced <a href="https://www.benzinga.com/news/24/09/41049192/russia-adjusts-nuclear-policy-sends-signal-that-warns-about-the-consequences-of-wests-interference-i">changes to its nuclear weapons policy</a>, signaling potential consequences for Western nations involved in attacks on Russia. This move is seen as a response to discussions in the U.S. and Britain about allowing Ukraine to use Western missiles against Russia.
Earlier, Senator Graham had called for a <a href="https://www.benzinga.com/news/24/09/40973072/lindsey-graham-says-either-saudi-arabia-recogonizes-israel-or-tel-aviv-targets-tehran-we-need-game-c">new approach to Middle East policy</a>, advocating for either a "game changing peace" or a "game changing military strategy." His recent post on X seems to echo these sentiments, highlighting his concerns about the current administration&#8217;s handling of these global issues.
Image via Flickr/ Gage Skidmore
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Lindsey Graham On Escalating Global Situation: 'The World Is On Fire Under The Biden-Harris Administration'

Michael Meehan, CEO of strategic communications and political consulting firm Squared Communications, voiced skepticism about former President Donald Trump&#8217;s likelihood of securing the popular vote in the forthcoming election.
What Happened: Meehan, a Democrat, was queried about Trump&#8217;s present standing in the polls. The polls suggest a close contest but favorable indications for Vice President Kamala Harris. Meehan, when asked about the possibility of Trump surprising pollsters in the election and winning the popular majority vote, responded with a firm &#8220;Absolutely not,&#8221; <a href="https://thehill.com/homenews/campaign/4905890-michael-meehan-donald-trump-not-win-popular-vote/">reported</a> The Hill.
Meehan further opined that Trump has hit a popularity ceiling. With less than 40 days to the election, recent polls show Harris holding a 7-point lead over Trump nationally and a slight lead in six crucial battleground states.
Despite pollsters&#8217; warnings about the race&#8217;s closeness, Meehan contended that Trump is &#8220;polling better than he&#8217;s running.&#8221; The Hill/Decision Desk HQ&#8217;s national polls aggregation gives Harris a 4.2 percentage point lead over Trump.
See Also: <a href="https://www.benzinga.com/general/politics/24/09/41079936/shaq-called-trump-a-straight-up-guy-before-presidency-i-think-he-just-says-it-wrong-but-did-the-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shaq Called Trump &#8216;A Straight-Up Guy&#8217; Before Presidency, &#8216;I Think He Just Says It Wrong&#8217; – But Did The NBA Legend Actually Vote For Trump In 2016?</a>
Why It Matters: The upcoming election has been <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">characterized as a nail-biter</a>, with recent polls revealing a tight race between Vice President Harris and former President Trump in key battleground states.
Furthermore, Harris has seen a <a href="https://www.benzinga.com/news/24/09/41080153/trump-vs-harris-this-candidate-skyrockets-in-election-forecast-poised-to-secure-victory-in-four-swin">significant boost</a> in her election prospects. The Economist&#8217;s latest election forecast shows Harris with a 3 in 5 chance of securing the Electoral College in November, compared to Trump&#8217;s 2 in 5 chance.
Notably, data analyst Nate Silver&#8217;s election forecast shows Harris with a <a href="https://www.benzinga.com/news/24/09/40969781/nate-silvers-forecast-kamala-harris-retakes-lead-over-donald-trump">better chance</a> of winning the presidency than Trump for the first time since August 28.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Trump's Chances Of Winning Popular Vote Slim, Says CEO Of Political Consulting Firm Squared Communications

Former Maryland Governor Larry Hogan (R) has publicly condemned former President Donald Trump for his disparaging remarks about Vice President Kamala Harris.
What Happened: During a Sunday <a href="https://www.cbsnews.com/news/larry-hogan-former-maryland-governor-face-the-nation-09-29-2024/">interview</a> with CBS News, Hogan labeled Trump&#8217;s comments on Harris&#8217; mental competence as &#8220;outrageous and unacceptable.&#8221; 
&#8220;I&#8217;ve already called him out when he had the one interview where he was questioning her racial identity, and now he&#8217;s questioning her mental competence.&#8221;
Hogan, a moderate Republican Senate candidate, stated that such remarks are not only an affront to the Vice President but also to individuals with mental disabilities.
Over the weekend, at a Wisconsin rally, Trump had targeted Harris, labeling her as mentally impaired. He implied that if a Republican had behaved as she did, they would be impeached for high crimes and misdemeanors.
Hogan views Trump&#8217;s attack as indicative of a broader problem in politics and Washington. He voiced his concern over the continuing toxic and divisive politics, which he believes people are tired of.
&#8220;I&#8217;ve said for years that Trump&#8217;s divisive rhetoric is something that we could do without. I think he&#8217;s his own worst enemy. &#8220;
See Also: <a href="https://www.benzinga.com/news/24/09/41067075/elon-musk-reacts-after-joe-rogan-warns-about-threat-to-first-amendment-if-kamala-harris-becomes-pres?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Joe Rogan Warns About Threat To First Amendment If Kamala Harris Becomes President: &#8216;Absolutely Right&#8217;</a>
Why It Matters: This incident is not the first time Trump has made derogatory comments about Harris. Earlier in August, Trump launched a <a href="https://www.benzinga.com/news/24/08/40409112/trump-says-hes-entitled-to-attack-kamala-harris-notes-she-called-him-weird-i-have-to-do-it-my-way">series of criticisms</a> against Harris, associating her with the inflation issues that have arisen during President Joe Biden's tenure.
Trump&#8217;s strategy of attacking Harris has raised concerns among Republicans ahead of the 2024 presidential election. Some GOP strategists and donors believe that Trump&#8217;s <a href="https://www.benzinga.com/24/08/40622610/gop-donors-strategists-raise-concerns-over-trumps-strategy-against-kamala-harris-if-he-continues-dow">attacks on Harris have been ineffective</a> and could potentially harm his chances of regaining momentum.
Did You Know?
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<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>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Larry Hogan Says Trump Questioning Kamala Harris' Intelligence 'Outrageous And Unacceptable': He Is His Own 'Worst Enemy'

<a href="https://about.netflix.com/en/news/hitoshi-one-signs-exclusive-partnership" title="https://about.netflix.com/en/news/hitoshi-one-signs-exclusive-partnership">https://about.netflix.com/en/news/hitoshi-one-signs-exclusive-partnership</a>

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