La vendita allo scoperto per Telstra Group dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Telstra Group. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Telstra Group (OTC:TLGPY) Azioni, Report sulle vendite allo scoperto

Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, legacy voice, and fixed-line broadband resale. The former government monopoly, privatized in 1997, provides its services via its infrastructure assets such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Telstra also operates a leading telecom business in Papua New Guinea and surrounding South-Pacific countries.

TELSTRA GROUP LTD S/ADR by Telstra Group Limited

Telstra Group Ltd

The founder and chairman of <a href="https://www.benzinga.com/topic/high-times">Hightimes Holding Corp</a>., the company that publishes High Times magazine, has agreed to plead guilty to joining a criminal conspiracy to pay more than $150,000 in undisclosed compensation to an analyst for an investment newsletter that touted its stock and assisted Hightimes in raising at least $6 million, officials said Friday.
<a href="https://www.benzinga.com/topic/adam-levin">Adam Levin</a> was charged last month with one federal count of conspiracy to tout securities for undisclosed compensation. In a plea agreement filed Dec. 20, Levin agreed to plead guilty to the felony offense, <a href="https://www.justice.gov/usao-cdca/pr/chairman-high-times-parent-agrees-plead-guilty-scheme-give-undisclosed-payments">according</a> to the U.S. Attorney&#8217;s Office.
Levin, who purchased the iconic cannabis magazine in 2017 following the death of its original owner of 40 years, the late <a href="https://www.benzinga.com/markets/cannabis/21/06/21654862/michael-kennedy-late-civil-rights-attorney-and-high-times-chairman-remembered-in-documentary-pre">Michael J. Kennedy</a>, ESQ, is scheduled to appear in a Los Angeles federal court on Jan. 14.
Read More: <a href="https://www.benzinga.com/markets/cannabis/24/08/40218753/high-times-hit-with-5m-class-action-lawsuit-over-unfulfilled-stock-deals">High Times Hit With $5M Class Action Lawsuit Over Unfulfilled Stock Deals</a>
<h2 class="wp-block-heading">Money Laundering And Pay To Play</h2>
Levin is the fourth defendant to be charged in the scheme in which companies paid an analyst at Palm Beach Venture, an investment newsletter with subscribers nationwide. That analyst, Jonathan William Mikula along with his associate, Christian Fernandez, who acted as a money launderer for the scheme and Raj Beri who brokered deals for undisclosed payments by other issuers, each received a portion of the payments. Mikula, Fernandez and Beri each pleaded guilty last year and are scheduled to be sentenced in July 2025.
The payments made by executives such as Levin were in exchange for Palm Beach Venture publishing promotional pieces for securities offerings, according to court documents. Federal law requires full and public disclosure from anyone who has received payment, directly or indirectly from an issuer for publishing, publicizing or circulating any advertisement or communication that describes the issuer&#8217;s security offered for sale.
<h2 class="wp-block-heading">$20 Million From &#8216;Investor-Victims&#8217;</h2>
According to Levin's plea agreement, in 2020 and 2021 "Hightimes raised approximately $20 million from more than 10 investor-victims, with at least $6 million in investment proceeds associated with Palm Beach Venture's promotion."
To conceal the scheme, noted the Attorney&#8217;s Office, Levin entered into a sham &#8220;marketing agreement&#8221; and routed the payments through a Canadian bank to a shell company in Canada, according to the plea agreement.
Mikula then caused Palm Beach Venture to promote Hightimes&#8217; securities offering on April 6 and Sept. 23 in 2020 in articles that falsely stated, &#8220;Neither the Palm Beach Research Group nor its affiliates receive compensation for bringing this deal to you,&#8221; the plea agreement states.
Levin also admitted that he lied to the U.S. Securities and Exchange Commission when he denied knowing that he entered into a &#8220;pay-for-play arrangement,&#8221; court papers show.
The FBI is investigating the matter.
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Photo: Sarah Stierch (<a href="http://creativecommons.org/licenses/by/4.0/" target="_blank" rel="noreferrer noopener">CC BY 4.0</a>)

Cannabis

News

Legal

High Times Magazine Executive Pleads Guilty In Securities Fraud Scheme - $20 Million From 'Investor-Victims'

Millions of retired public employees will now receive higher <a href="https://www.benzinga.com/personal-finance/25/01/42850946/planning-your-retirement-new-changes-to-social-security-in-2025-could-affect-you">Social Security payments</a>. President Joe Biden signed the Social Security Fairness Act into law on January 5. The new legislation addresses reductions caused by two long-standing provisions – the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO).&nbsp;
The <a href="https://www.benzinga.com/personal-finance/24/12/42678974/a-long-awaited-victory-public-workers-set-to-receive-higher-social-security-benefits-after-senat">Social Security Fairness Act</a> removes these two provisions, which have reduced Social Security payments for individuals who also received pensions from public sector jobs for decades. Advocates have argued that the WEP and GPO unfairly penalize public workers by taking away benefits that they've contributed to.&nbsp;
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"Americans who have worked hard all their lives to earn an honest living should be able to retire with economic security and dignity," President Biden <a href="https://www.whitehouse.gov/briefing-room/speeches-remarks/2025/01/07/remarks-by-president-biden-at-signing-of-the-social-security-fairness-act/">said at the signing</a>. "That's the entire purpose of the Social Security system crafted by Franklin Delano Roosevelt nearly 90 years ago."
Nearly three million people will feel the immediate impacts of this law, many of whom are retired public employees or their surviving spouses. The <a href="https://www.cbo.gov/system/files/2024-09/hr82.pdf">Congressional Budget Office</a> estimated that eliminating the WEP would boost 2.1 million beneficiaries' monthly payments by an average of $360. It also estimated that ending the GPO would increase monthly benefits by an average of $700 for 380,000 spouses and $1,190 for 390,000 surviving spouses.&nbsp;
<a href="https://www.benzinga.com/news/25/01/42876752/kevin-oleary-says-biden-blocking-the-sale-of-u-s-steel-a-mistake-claims-the-government-is-picking-winners-and-losers">President Biden</a> also announced that over 2.5 million people will receive a lump-sum payment of thousands of dollars to compensate for the shortfall in benefits they should have received in 2024.&nbsp;
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
Among those advocating for the bill was 17-year-old Eliseo Jimenez, who walked 1,600 miles from Texas to Washington, D.C., in honor of his grandmother. This retired teacher struggled without her full Social Security benefits. President Biden celebrated Eliseo's dedication during the signing ceremony, saying, "Your grandmom would be proud."
The bill's passage marked a rare moment of bipartisan cooperation. During the ceremony, President Biden thanked members of both parties for their efforts, including Sen. Susan Collins and Rep. Abigail Spanberger. He credited labor leaders and other advocates who pushed for the change over decades. "This victory is the culmination of a forty-year fight to provide security for workers who dedicated their lives to their communities," Biden said.
The signing of the Social Security Fairness Act highlights a broader conversation about the <a href="https://www.benzinga.com/personal-finance/24/11/41882904/think-youll-get-full-social-security-missing-this-35-year-window-could-cost-you-thousands">future of Social Security</a> in the United States. President Biden reiterated his commitment to protecting and expanding benefits while calling for the wealthiest Americans to contribute more to sustain the program for future generations.
This law marks a long-awaited step toward fairness and financial stability for millions of public employees and their families.&nbsp;
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
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Personal Finance

Millions Of Public Employees To See Boosted Social Security Payments After Biden Signed Social Security Fairness Act Into Law

The most expensive home in California&#8217;s Pacific Palisades, owned by Luminar Technologies (NASDAQ: LAZR) CEO Austin Russell, has been ravaged by the ongoing Los Angeles wildfires.
What Happened: According to a Saturday report by The Daily Mail, the $125 million mansion fell victim to the Palisades Fire. The fire, still ablaze, has already destroyed over 10,000 buildings, taken two lives, and wiped out several historic landmarks.
The mansion, a key setting in the HBO&#8217;s popular series &#8220;Succession,&#8221; was previously on the rental market for a whopping $450,000 per month.
According to the <a href="https://www.dailymail.co.uk/news/article-14272855/mansion-role-tv-series-succession-reduced-rubble-la-fires.html">report</a>, Russell purchased the property in 2021 for $83 million. The mansion boasted 18 bedrooms, six bathrooms, a Nobu-designed chef&#8217;s kitchen, a 20-seater theater, and a temperature-controlled wine cellar.
Luminar Technologies focuses on lidar and machine perception systems, the cutting-edge technology enabling autonomous vehicles.
According to <a href="https://www.benzinga.com/quote/LAZR">Benzinga</a>, Luminar experienced a significant boost in its stock price last week, rising by 11.96%. The notable increase stands out amid a broader market downturn, highlighting strong investor interest in the company despite overall declines.
Two months, the company executed a <a href="https://www.benzinga.com/news/stock-split/24/11/42120032/whats-going-on-with-luminar-technologies-stock-thursday">reverse stock split after receiving a delisting notice</a> from Nasdaq. The move followed a challenging period for the company, which also saw a 30% reduction in its workforce last year.
The reverse split consolidated 15 shares into one, allowing Luminar to meet Nasdaq's listing requirements. Nasdaq mandates a minimum closing bid price of $1 per share for continued listing, and companies face delisting if their stock trades below this threshold for 30 consecutive business days. 
The company has developed cutting-edge platforms designed to support its partners including Volvo Cars, Mercedes-Benz, NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Mobileye. 
As per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Luminar reported a quarterly loss of $0.16 per share in 2024, beating the estimate of a $0.19 loss. This marks an improvement from the $0.21 loss per share reported in the same quarter in 2023. 
Luminar Technologies, part of the Zacks Automotive &#8211; Original Equipment industry, reported revenues of $15.49 million. The earnings report reflected a positive surprise of 15.79%. In 2023, the company was projected to report a $0.20 loss per share but instead posted a smaller-than-expected loss of $0.18, delivering a 10% earnings surprise at that time.
However, the company missed consensus revenue estimates for the past four consecutive quarters.
Why It Matters: The destruction of such a high-profile property has intensified scrutiny over the local administration&#8217;s readiness for the wildfires. 
Los Angeles Mayor Karen Bass (D) is under the microscope for her decision to cut LA Fire Department funding by $17.5 million in the 2024-2025 fiscal year. Similarly, Gov. Gavin Newsom (D-Calif.) is facing criticism for his decision to cut wildfire resilience funding by $101 million in June of last year.
It is unclear what the loss of such a valued asset may mean for Russell and his company.

Markets

LAZR

NVDA

$125 Million Home of Luminar CEO Gutted in LA Wildfires After Week of Gains for Company

Monique, a self-made millionaire from Bangor, Maine, recently <a href="https://www.youtube.com/watch?v=eGfOSJ40HnI">called</a> into The Ramsey Show seeking advice on a deeply personal dilemma – her will. The mother of two shared that she's spent her life working hard, building wealth and even <a href="https://www.benzinga.com/personal-finance/24/11/41914082/dave-ramsey-says-its-stupid-to-go-into-debt-for-a-career-you-dont-borrow-money-to-cross-state-lines">paying over $500,000 for her daughters' college educations</a>. But now, she's struggling with a decision that's tearing her apart: should she leave them any of her money?
Monique says her daughters have embraced political views she can't support. One daughter and her husband <a href="https://www.benzinga.com/personal-finance/24/10/41193824/are-you-rich-enough-to-be-in-the-top-1-heres-both-the-income-and-net-worth-you-need-to-rank-amon">are in the top 1% of earners</a>, while the other makes about $50,000 a year. Despite their financial differences, Monique's issue isn't about money but values. "They've turned into socialists," she lamented during the call and Dave couldn't help but laugh. "I feel terrible about this, but I've worked so hard my whole life and I'm not sure I want my money going to them."
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<h2 class="wp-block-heading">Dave Ramsey's No-Nonsense Take</h2>
Dave Ramsey, known for his blunt advice, reminded Monique that her children aren't "entitled" to her wealth. "They didn't hit the DNA lottery," Ramsey quipped, adding that he's always been clear with his own kids about the responsibility of managing money. "If my children are going to be parasites, I'm not going to finance their lives."
Ramsey's advice is to <a href="https://www.benzinga.com/money/setting-up-a-trust">set up a trust</a>. He explained that trusts allow parents to put conditions on how and when their money is used. For instance, Monique could refuse her children access to the money until they are older or fulfill certain requirements, like becoming more self-sufficient financially or aligning with her ideals.
Ramsey also shared that he holds yearly meetings with his own children to review the responsibilities tied to the <a href="https://www.benzinga.com/news/24/12/42714233/ive-got-a-phd-in-d-u-m-b-dave-ramsey-reveals-how-he-built-his-300-million-business">family's wealth</a>. In these sessions, he lays out the rules and guidelines they must adhere to in order to handle what he refers to as &#8220;God&#8217;s money.&#8221; These discussions ensure clarity and alignment with his family's values.
See Also: With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a>
"You're not morally, ethically, legally or spiritually required to leave your money to people whose lives you don't agree with," Ramsey said.
Dr. John Delony, Ramsey's co-host, encouraged Monique to investigate her concerns more deeply. He suggested identifying specific behaviors or beliefs that trouble her and having a candid conversation with her daughters about those issues.
Monique's call touches on a growing debate: How much should parents do for their adult children? She's already paid for their education and given them a head start in life, but she now questions whether she should give them more. Ramsey and Delony's advice highlights that inheritance is a gift, not an obligation and it's up to Monique to decide how to handle it. Read Next:
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They've Turned Into Socialists – Caller Tells Dave Ramsey She's 'Giving Up' On Her Daughters After Spending Over $500,000 On Their College

The Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) community has witnessed a 300% surge in token burns within the last 24 hours. However, the SHIB Army, a group of SHIB enthusiasts, is advocating for <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42635671/analyst-bullish-on-shiba-inu-sees-235-surge-despite-recent-fall">even more substantial burns</a>.
What Happened: A recent post on X by&nbsp;Shibburn, a well-known meme coin wallet tracker, reveals that&nbsp;the SHIB community has transferred&nbsp;a significant amount of tokens to dead-end wallets in the past day. 
A SHIB-themed account has also initiated a poll, urging the SHIB team to increase burns, potentially eliminating&nbsp;30% to 90% of the&nbsp;SHIB supply in the near&nbsp;future.
<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">HOURLY SHIB UPDATE<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> Price: $0.00002372 (1hr -0.06% ▼ &#x7C; 24hr -2.13% ▼ ) Market Cap: $13,977,981,987 (-1.97% ▼) Total Supply: 589,257,014,659,157 TOKENS BURNT Past 24Hrs: 24,609,003 (300.97% ▲) Past 7 Days: 89,141,480 (60.82% ▲)
&mdash; Shibburn (@shibburn) <a href="https://twitter.com/shibburn/status/1877928464042315888?ref_src=twsrc%5Etfw">January 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The data shows that the SHIB burn rate has seen a dramatic increase of over 300% in the last 24 hours, driven by the burning of&nbsp;24,609,003 Shiba Inu coins. The&nbsp;two largest burn transfers sent&nbsp;17,220,462 SHIB and 4,635,583 SHIB&nbsp;to unspendable blockchain addresses, contributing to&nbsp;the high burn rate increase.
Over the past week,&nbsp;the SHIB community has managed&nbsp;to dispose of roughly four times the daily SHIB burns, totaling 89,141,480 Shiba Inu coins. This has resulted in a 60.82% increase in the ultimate weekly burn rate.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42805470/shiba-inus-2133-burn-rate-surge-followed-by-10-price-rise-whats-happening">Shiba Inu&#8217;s 2,133% Burn Rate Surge Followed by 10% Price Rise: What&#8217;s Happening?</a>
Despite these burns, there&nbsp;are still 584,187,080,732,459 SHIB circulating&nbsp;and 5,069,933,926,697 SHIB staked, according&nbsp;to the Shibburn website.
However, the SHIB team, represented&nbsp;by its marketing lead Lucie&nbsp;and the lead developer Shytoshi&nbsp;Kusama, stated that they do&nbsp;not control the circulating SHIB&nbsp;supply and, therefore, cannot accelerate&nbsp;burns in any way. 
The&nbsp;only way to increase burns, they said, is to enhance&nbsp;Shibarium utility so that more&nbsp;SHIB get destroyed through BONE gas fees via&nbsp;the automated mechanism introduced last&nbsp;year.
Why It Matters: The call for larger burns by the SHIB Army is a significant development in the SHIB community. Token burns are a common strategy used by crypto communities to reduce the circulating supply of a token, potentially increasing its value. 
The SHIB team&#8217;s response indicates that they are focused on enhancing Shibarium utility, which could lead to more SHIB being destroyed through BONE gas fees. This could potentially impact the value of SHIB in the future.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378684/shiba-inus-208-surge-this-year-sparks-predictions-of-top-10-crypto-ranking-in-2025" target="_blank" rel="noreferrer noopener">Shiba Inu's 208% Surge This Year Sparks Predictions Of Top 10 Crypto Ranking In 2025</a>

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

Cryptocurrency

$SHIB

Shiba Inu Burns Skyrocket by 300% Amid Calls for Larger Burns From SHIB Army

This week has been a rollercoaster ride in the world of electric vehicles and ride-hailing services. From&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recalling hundreds of thousands of vehicles to&nbsp;Warren Buffett-backed&nbsp;BYD Co&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) launching an affordable EV in Australia, there&#8217;s a lot to catch up on. Let&#8217;s dive into the top stories of the week.
Tesla Recalls Over 239,000 Vehicles
Tesla is recalling 239,382 vehicles in the U.S. due to concerns about the loss of rearview camera image, according to the National Highway Traffic Safety Administration (NHTSA). The issue arises from a potential short in the computer circuit board. Tesla has released a software update to address the problem and will replace affected computers free of charge. The recall includes 2024-25 Model 3 and Model S vehicles and 2023-25 Model X and Model Y.
<a href="https://www.benzinga.com/tech/25/01/42909595/tesla-recalls-over-239000-vehicles-over-rearview-camera-image-display-issues">Read the full article here.</a>
Warren Buffett-Backed BYD Launches Affordable EV in Australia
Chinese EV company BYD, in which Warren Buffett&#8217;s Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) holds a stake, is launching Australia&#8217;s first EV with a starting price under $30,000. This move could significantly boost Australia&#8217;s EV market. Despite selling a portion of its stake, Berkshire still owns around 4.9% of BYD, representing approximately $1.8 billion in its portfolio.
<a href="https://www.benzinga.com/news/management/25/01/42901570/warren-buffett-backed-byd-launches-australias-first-ev-under-30k-how-the-move-could-strengthen-fight-against-elon-musks-tesla">Read the full article here.</a>
Ross Gerber Praises Tesla&#8217;s Cybertruck Amid California Wildfires
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, lauded Tesla&#8217;s Cybertruck for its performance during the devastating wildfire in Los Angeles's Pacific Palisades neighborhood. Gerber shared his experience of how the vehicle navigated fallen trees and flooded roads, and its HEPA filter system protected him from smoke.
<a href="https://www.benzinga.com/markets/equities/25/01/42890496/cybertruck-was-my-hero-today-says-ross-gerber-after-teslas-truck-allowed-him-to-navigate-california-wildfires-in-safety">Read the full article here.</a>
Uber and Lyft Revamp Robotaxi Strategy
Ride-hailing giants&nbsp;Uber Technologies Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and&nbsp;Lyft Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) are revising their robotaxi ambitions. They have restructured their businesses to accommodate competitors who have cracked the code, according to the Wall Street Journal. Under the new strategy, Uber and Lyft will earn a percentage of driverless taxi bookings while maintaining the fleet.
<a href="https://www.benzinga.com/25/01/42859391/uber-and-lyft-adapt-robotaxi-strategy-to-compete-in-tesla-and-waymos-market">Read the full article here.</a>
XPeng and Volkswagen to Build Super-Fast EV Charging Network in China
Chinese EV startup&nbsp;XPeng Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and German automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) are planning to jointly build a super-fast charging network in China. The over 20,000 charging piles operated by the two companies across 420 cities in China will now be accessible to both players going forward.
<a href="https://www.benzinga.com/25/01/42807958/xpeng-volkswagen-to-jointly-build-super-fast-ev-charging-network-in-china">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
</ul>
Photo courtesy: 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/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Tech

BYDDF

LYFT

TSLA

UBER

VWAGY

XPEV

Tesla Recalls Over 239,000 Vehicles, Uber and Lyft Revamp Robotaxi Strategy, Warren Buffett-Backed BYD Launches Affordable EV And More: This Week In Mobility

Steve Bannon, the former adviser to the Trump White House, fiercely criticized Elon Musk, calling him &#8220;truly evil&#8221; and vowing to expel <a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures">Musk from the MAGA movement</a>.
What Happened: Bannon&#8217;s threat to remove Musk from the MAGA movement by Inauguration Day was reported by Italian newspaper Corriere della Sera on Wednesday.
Musk, who has been a frequent visitor at Mar-a-Lago following his substantial financial support to President-elect Donald Trump&#8216;s return to the White House, was labeled by Bannon as a &#8220;very bad guy.&#8221;
"He is a truly evil guy, a very bad guy. I made it my personal thing to take this guy down. Before, because he put money in, I was prepared to tolerate it; I'm not prepared to tolerate it anymore," Bannon said.
During the <a href="https://www.corriere.it/esteri/25_gennaio_08/steve-bannon-elon-musk-intervista-aca1876b-4035-4ce3-b978-5e5f4b6d9xlk.shtml">interview</a>, Bannon also took issue with Musk&#8217;s endorsement for H-1B visas, which enable companies to employ skilled professionals from overseas. Bannon argued that tech giants are manipulating the immigration system for their advantage, causing public outrage.
"This thing of the H-1B visas, it's about the entire immigration system is gamed by the tech overlords, they use it to their advantage, the people are furious," Bannon added.
Also Read: <a href="https://www.benzinga.com/news/24/12/42715951/trump-backs-immigration-visas-musk-praises-his-stance-and-says-rising-tide-lifts-all-boats">Trump Backs Immigration Visas, Musk Praises His Stance and Says &#8216;Rising Tide Lifts All Boats&#8217;</a>
Moreover, Bannon took aim at Musk&#8217;s South African origins, as well as those of&nbsp;David Sacks and Peter Thiel,&nbsp;stating, &#8220;He&nbsp;should go back to South&nbsp;Africa.&#8221;
"He should go back to South Africa. Why do we have South Africans, the most racist people on earth, white South Africans, we have them making any comments at all on what goes on in the United States?" he said. 
Bannon also accused Musk of aspiring to become a trillionaire and implementing &#8220;techno-feudalism on a global scale.&#8221; He further pointed out Musk&#8217;s connections to China, claiming that Musk&#8217;s Shanghai-based Tesla factory is entirely under the control of the Chinese Communist Party.
Why It Matters: Bannon&#8217;s attack on Musk is significant as it comes amidst a time of political tension and division within the United States. 
Musk&#8217;s support for H-1B visas and his ties to China have been contentious issues, particularly within the MAGA movement. 
Bannon&#8217;s comments not only reflect his personal animosity towards Musk but also highlight the broader ideological conflicts within the MAGA movement and the tech industry at large.
Read Next
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Image: Shutterstock

Politics

Steve Bannon Targets Elon Musk, Pledges To Expel Him From MAGA Movement: 'He Is a Truly Evil Guy'

Imagine pitching an idea so new and futuristic that most people didn't even understand it. That's exactly what Jeff Bezos faced in 1994 when he set out to raise $1 million to launch Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), a little online bookstore that would eventually become the "everything store." But in its early days, the biggest hurdle was convincing investors who didn't even know what the internet was.
<h2 class="wp-block-heading">A Tough Sell in the Early Days</h2>
Back in 1994, the internet was far from mainstream and the idea of shopping online was alien to most people. When Bezos started meeting potential investors, their first <a href="https://www.youtube.com/watch?v=rylud6kRNCw">question</a> was often, "What's the internet?" Many of them flatly rejected his pitch. Even people familiar with the book industry turned him down.&nbsp;
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But Bezos pressed on, believing in his idea&#8217;s power and the internet&#8217;s rapid growth. "Web usage was growing at 2,300% a year and that&#8217;s what led to the forming of amazon.com," he once explained. "Things just don't grow that fast. It's highly unusual."
To raise the $1 million he needed, <a href="https://www.benzinga.com/general/24/01/36693828/jeff-bezos-held-60-meetings-to-secure-amazon-investors-but-38-declined-his-offer-of-50-000-for-1-own">Bezos held 60 meetings</a>, tirelessly explaining his vision. Despite his efforts, &#8220;only&#8221; 22 people decided to take a chance on him. Among them were his parents, <a href="https://www.benzinga.com/personal-finance/24/05/38823157/jeff-bezos-mom-was-a-single-teen-who-took-him-to-night-school-with-her-as-an-infant-she-made-190">Mike and Jackie Bezos, who invested $245,573 – </a>a huge chunk of their life savings. Bezos warned them there was a 70% chance they'd lose it all.
The 22 investors contributed around $50,000 each in exchange for 20% of Amazon. Looking back, it was the deal of a lifetime. A $50,000 investment in 1994 would be worth around $23.5 billion today based on Amazon's current <a href="https://www.benzinga.com/quote/AMZN">market value</a> of $2.35 trillion.
See Also: <a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a>
Launching Amazon wasn't easy. Bezos and his small team worked out of a tiny office and a low-ceilinged basement warehouse. They packed books by hand on the floor until someone <a href="https://youtu.be/p7FgXSoqfnI?si=MuFKNikRpfepdCa3&amp;t=710">suggested</a> getting packing tables – a moment Bezos jokingly described as revolutionary.
The business took off quickly, with orders pouring in from all 50 states and 45 countries in the first month. Despite the early success, Bezos knew luck played a huge role. "Starting a company like this requires not just hard work and planning but also a little planetary alignment," he later reflected.
Bezos's ability to see the potential of the internet at a time when most people didn't even know what it was proved to be a game-changer. By <a href="https://www.benzinga.com/news/24/06/39175566/jeff-bezos-once-picked-up-the-phone-and-called-amazon-customer-support-to-make-a-point-and-set-off-w">focusing on customer service</a> and building a culture of innovation, he turned Amazon into one of the most valuable companies in the world.
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AMZN

'What's The Internet?' – Jeff Bezos Faced Clueless Investors Before Launching Amazon, Had To Give Up 20% Of The Company For Only $1 Million

Investor Peter Lynch, known for his remarkable 13-year tenure managing Fidelity&#8216;s Magellan Fund, recently said that he has never explicitly promoted <a href="https://www.benzinga.com/news/stock-split/24/12/42716205/peter-lynchs-timeless-investment-rules-you-can-always-lose-what-you-have-invested-even-if-a-stock-is-cheap">investing in the stock market</a>.
What Happened: Lynch, the author of the influential investing book &#8220;One Up On Wall Street,&#8221; clarified his stance on stock market investment in a discussion with Yahoo Finance.
During <a href="https://finance.yahoo.com/news/fidelity-legend-peter-lynch-i-never-said-to-invest-in-the-stock-market-120755736.html">the</a> interview, he emphasized that his objective was not to encourage stock market investment, but to provide guidance to those who decided to invest on how to do it correctly.
During his leadership of the Fidelity Magellan fund from 1977 to 1990, the fund achieved&nbsp;a 29.2% average annual return, making Lynch a celebrated figure in the investment world. His mantra &#8216;buy what you know&#8217; encapsulated his straightforward approach to investing.
Despite his achievements, Lynch stressed that investing in the stock market is not a game. He expressed worry about the lack of caution people exhibit when investing, often risking large amounts of money on stocks they&#8217;ve heard about in casual conversations, without conducting thorough research.
Also Read: <a href="https://www.benzinga.com/news/stock-split/25/01/42804677/investment-guru-peter-lynch-if-you-invest-only-in-an-index-youll-never-beat-it-brushing-up-on-stock-picking-skills-is-wise">Investment Guru Peter Lynch: &#8216;If You Invest Only in an Index, You&#8217;ll Never Beat It. Brushing Up on Stock-Picking Skills Is Wise&#8217;</a>
&#8220;You don&#8217;t play the market. And maybe I didn&#8217;t stress that enough in the book. It&#8217;s very important to point out, I did not say invest in the stock market. So the reason I wrote &#8216;One Up On Wall Street&#8217; was to help people that wanted to do investing,&#8221; he said.
Lynch also noted that while data is more accessible now than it was 35 years ago and trading costs have reduced, this doesn&#8217;t imply that people should become traders. &#8220;That&#8217;s not investing. That&#8217;s gambling,&#8221; he remarked.
&#8220;You know, buying three stocks a day and on Friday you sell three, buy three more next week. That&#8217;s not investing. That&#8217;s gambling,&#8221; Lynch added. 
For those considering investing, Lynch&#8217;s advice is to understand the company&#8217;s story, monitor the fundamentals, and follow the story. He also recommended creating&nbsp;a $100,000 paper portfolio of&nbsp;at least 10 stocks before investing real money to test one&#8217;s investing skills.
&#8220;There are also the turnaround ones that you hear about if you&#8217;re working in the industry, if you&#8217;re in the steel industry, the insurance industry, shipping, chemistry, railroads, you might see things get better before the money managers on Wall Street see it. You don&#8217;t need a lot of these in a lifetime. When things go from terrible to semi-terrible to OK, you can make a lot of money,&#8221; Lynch advised. 
Why It Matters: Lynch&#8217;s comments underscore the importance of careful, informed investing. His concern about people treating stock market investment like a game highlights the risks of uninformed investing. 
His advice to understand a company&#8217;s story and&nbsp;keep an eye on the&nbsp;fundamentals serves as a reminder that successful investing requires more than just following trends. 
His suggestion to create a paper portfolio before investing real money emphasizes the value of practice and preparation in investing.
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Success Stories

Peter Lynch's Money-Making Advice: 'When Things Go From Terrible to Semi-Terrible to OK, You Can Make a Lot of Money'

The past week has been a whirlwind of tech advancements and strategic deals, with AI taking center stage.&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stole the spotlight at the Consumer Electronics Show (CES) with its AI-powered innovations. Meanwhile,&nbsp;Hewlett Packard Enterprise Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) secured a billion-dollar deal with Elon Musk&#8217;s X, and President-elect Donald Trump revealed his vision for AI and energy expansion. Here&#8217;s a recap of the top stories.
Nvidia&#8217;s AI Innovations at CES
Nvidia kicked off the week with a strong presence at CES, where CEO&nbsp;Jensen Huang&nbsp;unveiled the company&#8217;s $3,000 personal AI supercomputer, Project DIGITS. Powered by the GB10 Grace Blackwell super chip, this desktop-sized marvel is set to revolutionize AI capabilities. Huang also showcased the new RTX 5000 GPU series, RTX 50-series laptops, and the Grace Blackwell NVLink 72 system.
<a href="https://www.benzinga.com/media/25/01/42843417/nvidia-highlights-ai-chips-powering-pubg-robotics-chatgpt-moment-automotive-expansion-and-more-at-ces-event">Read the full article here.</a>
Unveiling of Nvidia&#8217;s $3000 Personal AI Supercomputer
During his CES keynote, Huang introduced Digits, a compact, high-performance machine designed to run advanced AI models right from your desk. Priced at $3,000, Digits is powered by Nvidia's proprietary GB10 Grace Blackwell superchip, specifically designed to accelerate computations required for AI workloads. The supercomputer is expected to be available in May 2025.
<a href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack">Read the full article here.</a>
HP&#8217;s $1 Billion AI Server Deal with Elon Musk&#8217;s X
Hewlett Packard Enterprise has reportedly secured a deal worth over $1 billion to supply AI-optimized servers to Elon Musk‘s social media platform, X. The deal, finalized late last year, sees HP providing servers tailored for AI applications, a sector experiencing robust demand from enterprises.
<a href="https://www.benzinga.com/25/01/42931833/hewlett-packard-enterprise-strikes-1b-ai-server-deal-with-elon-musks-x-report">Read the full article here.</a>
Elon Musk&#8217;s Push for OpenAI Stake Auction
Elon Musk has requested the attorneys-general of California and Delaware to mandate an auction of a substantial portion of OpenAI's stake. Musk's legal representative, Marc Toberoff, reached out to the top legal officers of the states on behalf of major AI investors, advocating for an open bidding process.
<a href="https://www.benzinga.com/news/legal/25/01/42904926/elon-musk-pushes-california-delaware-attorneys-general-to-force-openai-stake-auction-amid-bitter-legal-battle-with-sam-altman">Read the full article here.</a>
Trump&#8217;s Vision for AI and Energy Expansion
President-elect Donald Trump spotlighted AI and drilling expansion as pillars of his economic vision. During a press conference at Mar-a-Lago, Trump outlined plans to accelerate America&#8217;s leadership in AI by supporting private investments in data centers and energy infrastructure.
<a href="https://www.benzinga.com/government/regulations/25/01/42865106/trump-vows-to-power-ai-boom-with-expanded-oil-drilling-need-double-the-electricity-at-least-that-we-have-right-now">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
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Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Nvidia's AI Supercomputer, HP's $1 Billion Deal With Elon Musk's X, And Trump's AI-Driven Vision: This Week In Artificial Intelligence

These eleven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Inari Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NARI#NASDAQ">NARI</a>) shares jumped 53.07% after Stryker Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) agreed to acquire the company for $80 per share or equity value <a href="https://www.benzinga.com//node/42841672" target="_blank" rel="noreferrer noopener">of approximately $4.9 billion</a>.</li>
<li>Unifirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) stock escalated 29.58% after the company <a href="https://www.benzinga.com//node/42878530" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>.</li>
<li>Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) stock gained 23.18% last week after the U.S. Treasury unveiled its final guidance on the 45V Production Tax Credit, setting the stage for a <a href="https://www.benzinga.com/topic/hydrogen" target="_blank" rel="noreferrer noopener">greener hydrogen future</a>. Plug Power stands to benefit.</li>
<li>Paycor HCM, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) shares rose 20.77% after the company disclosed a deal to be fully acquired by Paychex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>) in an all-cash transaction representing an <a href="https://www.benzinga.com//node/42855388" target="_blank" rel="noreferrer noopener">enterprise value of around $4.1 billion</a>.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) shares upped 20.50%.</li>
<li>SpringWorks Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWTX#NASDAQ">SWTX</a>) gained 19.18% last week amid rumors of takeover interest.</li>
<li>Frontline Plc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) stock grew 17.29%, probably after President-elect Donald Trump said he would reverse President Biden&#8217;s ban on offshore drilling.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) shares rose 15.53%. The company announced that the Shield Multi-Cancer Detection Test was selected for <a href="https://www.benzinga.com//node/42842047" target="_blank" rel="noreferrer noopener">the National Cancer Institute&#8217;s Vanguard Study</a>.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) shares increased 15.40%.</li>
<li>Capri Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>) stock grew 15.04% amid reports suggesting Prada may be a potential buyer for Capri&#8217;s Versace.</li>
<li>Equinox Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) stock rose 14.88%. The company reported producing 213,960 ounces of gold in the fourth quarter <a href="https://www.benzinga.com//node/42888339" target="_blank" rel="noreferrer noopener">and 621,870 ounces in 2024</a>.</li>
</ol>
Photo courtesy Plug Power
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<li><a href="https://www.benzinga.com/news/large-cap/25/01/42934713/walgreens-boots-alliance-aurora-innovation-and-delta-air-lines-are-among-top-large-cap-gainers-last-week-jan-6-10-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Walgreens Boots Alliance, Aurora Innovation And Delta Air Lines Are Among Top Large Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/25/01/42934826/mobileye-palantir-tech-and-affirm-are-among-top-large-cap-losers-last-week-jan-6-10-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Mobileye, Palantir Tech And Affirm Are Among Top Large Cap Losers Last Week (Jan 6-10): Are The Others In Your Portfolio?</a></li>
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Mid Cap

Movers

Trading Ideas

CPRI

NARI

PAYX

PLUG

PYCR

SWTX

Plug Power, Capri And Frontline Are Among Top Mid Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?

In a shock development in the crypto market, $903 million in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was moved in several transactions within the last 24 hours, sparking widespread speculation about the <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42380983/this-analyst-says-bitcoin-could-reach-200k-by-end-of-2025">intent behind these substantial transfers.</a>
What Happened: The blockchain data tracker Whale Alert tracked 10 distinct high-value Bitcoin transactions. These transactions included the movement of Bitcoin between unidentified wallets and major exchanges such as&nbsp;Kraken,&nbsp;Binance, and&nbsp;Robinhood.
As per the <a href="https://whale-alert.io/transaction/bitcoin/ff789a9d88de7786c68a20fd4042cda567689072c050ea95006d91b318ce7457">data</a>, among these transactions, 620 BTC valued at $58,495,235, 888 BTC valued at $83,875,225, and 1,027 BTC valued at&nbsp;$96,745,111 were transferred from Kraken&nbsp;to unknown wallets. Furthermore, 1,164 BTC valued at $109,706,616 were moved between unknown wallets.
<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">&#x1f6a8; &#x1f6a8; &#x1f6a8; 620 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (58,495,235 USD) transferred from <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> to unknown wallet<a href="https://t.co/0YvAcenIyX">https://t.co/0YvAcenIyX</a>
&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1877979720597323780?ref_src=twsrc%5Etfw">January 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Other significant transfers encompassed 600 BTC valued at $56,816,922&nbsp;moved from Robinhood to an&nbsp;unknown wallet, 999 BTC valued at $93,643,885&nbsp;sent from an unknown wallet&nbsp;to Binance, and 640 BTC valued at $60,789,981 and 775 BTC valued at $72,929,703&nbsp;transferred from Kraken to unknown&nbsp;wallets. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42933328/analyst-warns-of-bitcoins-uncertain-future-amid-key-support-breakdown-it-could-get-ugly">Analyst Warns of Bitcoin&#8217;s Uncertain Future Amid Key Support Breakdown: &#8216;It Could Get Ugly&#8217;</a>
Additionally, 1,881 BTC valued at $176,504,307 and 1,003 BTC valued at&nbsp;$94,116,863 were moved from unknown&nbsp;wallets to the Kraken crypto&nbsp;exchange.
Why It Matters: The reasons behind these large-scale movements are still uncertain. However, deposits to exchanges could imply an intention to sell, while withdrawals could suggest buying. Over-the-counter trades outside of crypto exchanges could be another potential explanation.
At the time of writing, Bitcoin was trading at $94,568, up by almost&nbsp;1% in the last 24&nbsp;hours, and below its all-time high of $108,268 which reached on Dec. 17, 2024.
Read Next
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$BTC

Massive $903 Million Bitcoin Transfer Stirs Crypto Market: What's Happening?

Bill Cosby was once one of the highest-paid entertainers in the world. However, in a sign of his plummeting financial fortunes, the 86-year-old disgraced former comedian is being sued for defaulting on a $17.5 million mortgage for his New York City town house.&nbsp;
The coveted <a href="https://www.benzinga.com/25/01/42803829/the-super-rich-go-crazy-for-new-yorks-luxury-real-estate-as-11-billion-changes-hands">Upper East Side</a> home – on which the patriarch of the much-loved Cosby Show was unable to maintain mortgage payments – is part of Cosby&#8217;s downward financial spiral. At the height of his powers, Cosby was worth $400 million. The town house – at 18 East 71st, a six-story, 12,060-square-foot home built in 1899 (according to Daytonian In Manhattan) – just steps from Central Park, was a surprise gift to his wife, Camille. It was a savvy buy. Cosby purchased the house through a lawyer for $6.2 million in 1987, during the peak years of The Cosby Show, then the number-one show on <a href="https://www.benzinga.com/general/entertainment/24/08/40341238/comcast-stock-to-win-gold-medal-2024-summer-olympics-viewership-up-82-from-2020-olympics">NBC</a> and in the country.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/go/arrived-private-credit-yf">7-9% target yield with monthly dividends would you invest in it</a>?</li>
<li>Unlock the hidden potential of commercial real estate —<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=unlockboost-yahoo"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
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<h2 class="wp-block-heading">A Troubled History</h2>
However, the home had a troubled history from the start of Cosby&#8217;s ownership. According to the L.A. Times, the couple accused their lawyer, Mary Waller – who oversaw the purchase – of stealing millions of dollars from them. Three years after closing on the home, the Cosbys put the property in the name of Camille&#8217;s mother, according to the New York Observer.
According to Yahoo, the couple has not made a mortgage payment since June and owes over $300,000 in taxes on the home. This latest default follows another – allegedly on a $4.2 million loan on a four-story Lenox Hill home they have owned since 1980, according to business website Crain's.
See Also: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast —<a href="https://www.benzinga.com/money/integris"> here&#8217;s how to invest in their private credit fund that targets 12% annual interest rate.</a>
<h2 class="wp-block-heading">A Ruined Reputation&nbsp;</h2>
Cosby&#8217;s beloved reputation was wrecked through multiple high-profile lawsuits, during which time he denied all claims against him.
Cosby once owned homes in Connecticut, California and Philadelphia. However, according to Market Watch, he currently resides in a <a href="https://www.benzinga.com/real-estate/25/01/42845317/homes-are-lingering-redfin-reports-u-s-housing-supply-up-12-as-2024-ends-with-954703-active-listings">suburban Philadelphia home</a> purchased for $225,000 in 1983, shortly before &#8220;The Cosby Show&#8221; began airing. The house – on a 3-acre lot, has seven bedrooms and 6.5 bathrooms.&nbsp;
<h2 class="wp-block-heading">A Vortex Of Legal Woes</h2>
Since the revelations about his personal life first broke, Cosby has been mired in legal and financial woes, resulting in high legal fees of $1 million a month. Whyy.org revealed that one of Cosby's law firms had 28 lawyers working on 10 cases. The lawyers made about $500 to $1,075 per hour. The net result has been a huge drain on Cosby&#8217;s finances. Now, in his late eighties, with a destroyed reputation and his earning years long gone, Cosby appears resigned to losing his assets.
Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today.<a href="https://smartasset.com/retirement/find-a-financial-planner?utm_source=benzinga&amp;utm_campaign=ben&amp;utm_content=y2_5MilNestEgg"> SmartAsset&#8217;s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost</a> to decide which one is right for you.
<h2 class="wp-block-heading">Interest Rates Are Falling, But These Yields Aren't Going Anywhere</h2>
Lower interest rates mean some investments won't yield what they did in months past, but you don't have to lose those gains. Certain private market real estate investments are giving retail investors the opportunity to capitalize on these high-yield opportunities.
<a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate. The best part? Unlike other private credit funds, <a href="https://www.benzinga.com/go/arrived-private-credit-yf">this one has a minimum investment of only $100.&nbsp;</a>
Looking for fractional real estate investment opportunities? The <a href="https://www.benzinga.com/alternative-investments/real-estate">Benzinga Real Estate Screener</a> features the latest offerings.

Real Estate

Bill Cosby Is Facing Foreclosure on Two NYC Homes, A Sign Of The Disgraced Comic's Financial Decline

The past week was a rollercoaster for the cryptocurrency world. From predictions of a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) supercycle to a groundbreaking Senate subcommittee on digital assets, the crypto landscape is buzzing with activity. Here&#8217;s a quick recap of the top stories that shaped the crypto market over the weekend.
Bitcoin Supercycle on the Horizon?
Economist and trader Alex Kruger has expressed a bullish outlook on Bitcoin, despite the cryptocurrency currently trading 13% below its all-time high. Kruger attributes this optimism to the approval of spot Bitcoin exchange-traded funds (ETFs) in January 2024, which he suggests may alter Bitcoin's traditional four-year halving cycles.
<a href="https://www.benzinga.com/25/01/42931747/bitcoin-supercycle-incoming-says-economist-but-theres-a-catch">Read the full article here.</a>
Crypto&#8217;s Capitol Hill Breakthrough
In a significant development, the Senate Banking Committee announced the creation of its first-ever subcommittee dedicated to cryptocurrency and blockchain technology. This move signifies a shift in the political landscape, indicating a broader acceptance and integration of digital currencies into the mainstream of U.S. governance.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42921493/cryptos-capitol-hill-breakthrough-senate-subcommittee-signals-shifting-political-winds">Read the full article here.</a>
Bitcoin&#8217;s Q1 Prospects
Despite Bitcoin&#8217;s struggle between $90,000 and $100,000, analysts and traders remain upbeat about its prospects in the first quarter of 2025. Asymmetric Fund CEO Joe McCann shared his "tactical short-term bearish" outlook for the cryptocurrency market but remains optimistic about Q1 as a seasonally profitable period.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42919731/bitcoin-to-bounce-back-in-q1-but-beware-20-corrections-analysts-warn">Read the full article here.</a>
Scaramucci&#8217;s Crypto Strategy
Anthony Scaramucci, CEO of investment firm SkyBridge Capital, revealed his take-profit strategy for cryptocurrencies. He stated that he would not sell his Bitcoin but rather target altcoins such as Solana (SOL/USD) in the long run.
<a href="https://www.benzinga.com/25/01/42906639/anthony-scaramucci-was-asked-about-his-take-profit-strategy-on-bitcointhis-is-what-he-said">Read the full article here.</a>
Unfortunate Bitcoin Loss
James Howells, known for accidentally discarding a hard drive containing 8,000 Bitcoin, suffered a setback in his quest to reclaim his fortune. A high court ruling dismissed Howells' legal claim to recover the hard drive, citing no "reasonable grounds" for bringing the claim and "no realistic prospect" of winning it.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42901382/man-who-accidentally-threw-away-8000-bitcoin-hard-drive-suffers-new-kick-in-the-teeth-as-uk-court-dismisses-his-claim">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
</ul>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Bitcoin's Supercycle, Crypto's Capitol Breakthrough, And More: This Week In Crypto

These nine large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares declined 21.83% amid overall market weakness due to a rise in yields.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) stock fell 18.76%, probably due to wildfires in California.</li>
<li>Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) stock dipped 18.31% after the company reported worse-than-expected results and cut its FY25 adjusted EPS<a href="https://www.benzinga.com//node/42913319" target="_blank" rel="noreferrer noopener"> guidance and sales growth outlook</a>.</li>
<li>Pacific Gas &amp; Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCG#NYSE">PCG</a>) stock declined 14.19%, probably due to wildfires in California.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) stock declined 12.59% after Truist Securities downgraded the stock from Buy to Hold and lowered <a href="https://www.benzinga.com/quote/on/analyst-ratings" target="_blank" rel="noreferrer noopener">its price forecast from $85 to $60</a>.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) stock fell 11.52% amid overall market weakness, driven by a rise in yields.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares decreased 10.66%, probably due to overall market weakness following recent economic data and a rise in yields.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares decreased 10.55%, probably due to overall market weakness.</li>
<li>The Campbell&#8217;s Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) stock lost 10.22% last week. Wells Fargo lowered the <a href="https://www.benzinga.com/quote/cpb/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock from $45 to $43 but maintained an equal-weight rating.</li>
</ol>
Photo via Affirm
Read next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/01/42934713/walgreens-boots-alliance-aurora-innovation-and-delta-air-lines-are-among-top-large-cap-gainers-last-week-jan-6-10-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Walgreens Boots Alliance, Aurora Innovation And Delta Air Lines Are Among Top Large Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?</a></li>
</ul>

Equities

Large Cap

AFRM

COHR

MBLY

PLTR

Mobileye, Palantir Tech And Affirm Are Among Top Large Cap Losers Last Week (Jan 6-10): Are The Others In Your Portfolio?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) stock gained 27.97% last week after the company <a href="https://www.benzinga.com//node/42912519" target="_blank" rel="noreferrer noopener">reported better-than-expected</a> first-quarter financial results.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) stock jumped 25.80% after the company announced an agreement to acquire Calpine Corp., an electricity generation company, in a cash and stock <a href="https://www.benzinga.com//node/42916941" target="_blank" rel="noreferrer noopener">deal valued at $16.4 billion</a>.</li>
<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) shares escalated by 20.48%.</li>
<li>TD SYNNEX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) stock was up 15.05% after the company reported better-than-expected <a href="https://www.benzinga.com//node/42915528" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares grew 14.59% after the company announced a partnership with NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Continental AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CTTAF#OTC">CTTAF</a>) to scale driverless trucks using NVIDIA's <a href="https://www.benzinga.com//node/42841305" target="_blank" rel="noreferrer noopener">next-gen DRIVE Thor SoC</a>.</li>
<li>Royalty Pharma plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPRX#NASDAQ">RPRX</a>) shares are up 14.35% after the company announced it <a href="https://www.benzinga.com//node/42902266" target="_blank" rel="noreferrer noopener">increased its quarterly dividend</a>.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares rose 13.75%. The company announced an expansion of its collaboration with Pure Storage to develop high-capacity, energy-efficient <a href="https://www.benzinga.com//node/42853369" target="_blank" rel="noreferrer noopener">solutions using Micron G9 QLC NAND</a>.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) stock upped 13.34% after the company reported better-than-expected<a href="https://www.benzinga.com//node/42912208" target="_blank" rel="noreferrer noopener"> results and issued 2025 guidance</a>.</li>
<li>Intra-Cellular Therapies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) stock gained 12.62%, entering into a settlement agreement with Sandoz and resolving a patent litigation related to CAPLYTA Patent.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) surged 12.24% in sympathy with Delta Air Lines, which rose after reporting strong <a href="https://www.benzinga.com//node/42919651" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>.</li>
</ol>
Photo by VanderWolf via Shutterstock

CTTAF

FTAI

ITCI

RPRX

SNAP

Walgreens Boots Alliance, Aurora Innovation And Delta Air Lines Are Among Top Large Cap Gainers Last Week (Jan 6-10): Are The Others In Your Portfolio?

The week was a rollercoaster for the tech world, particularly for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The tech giant faced a potential market share decline in China, while its CEO, Tim Cook, enjoyed a significant pay rise. Amid privacy controversies, Apple clarified its Siri privacy policies and acknowledged AI flaws. Meanwhile,&nbsp;Samsung Electronics Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>)&nbsp;unveiled a subscription model for its AI-powered Galaxy smartphones.
Apple&#8217;s Market Share Decline in China
Apple is reportedly facing a drop in its market share in China, attributed to a decrease in iPhone shipments, according to supply chain analyst Ming-Chi Kuo. Despite the expected launch of the new iPhone SE 4, Kuo forecasts a 6% year-over-year decline in shipments for the first half of 2025. The thin design of two upcoming iPhone models, which may only support eSIM, a feature not widely promoted in the Chinese market, is expected to contribute to this decline.
<a href="https://www.benzinga.com/tech/25/01/42931758/apple-staring-at-market-share-decline-in-china-amid-declining-iphone-shipments-top-analyst-flags-why-some-models-could-be-face-shipping-momentum-challenges">Read the full article here.</a>
Tim Cook&#8217;s 2024 Salary
Despite controversies over Apple&#8217;s AI and Siri privacy policies, CEO Tim Cook saw an 18% increase in his annual compensation in 2024, reaching $74.6 million. The rise was primarily due to an increase in stock awards and non-equity incentive plan compensation.
<a href="https://www.benzinga.com/tech/25/01/42931220/apple-ceo-tim-cook-took-home-74-6-million-in-2024-up-18-despite-ai-and-siri-privacy-controversies">Read the full article here.</a>
Apple Clarifies Siri Privacy Policies
Following a $95 million settlement over allegations of unauthorized recordings, Apple clarified its privacy policies regarding Siri. The company emphasized that it has never sold or used Siri data for marketing purposes.
<a href="https://www.benzinga.com/tech/25/01/42890955/apple-clarifies-siri-privacy-policies-after-95-million-settlement">Read the full article here.</a>
Apple Admits AI Flaws
Apple has committed to updating its AI feature following a complaint from the BBC. The tech giant acknowledged that its AI-generated news summaries on iPhones have been inaccurate.
<a href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries">Read the full article here.</a>
Apple Rival Unveils AI Subscription Model
Apple rival Samsung is set to introduce a subscription model for its Galaxy smartphones, following Apple&#8217;s pause on its own subscription service plans. The AI Subscription Club, initially launched for select Samsung home appliances in South Korea, will be expanded to Galaxy phones and the Ballie AI robot.
<a href="https://www.benzinga.com/tech/25/01/42893958/after-apple-halts-hardware-subscription-plans-samsung-unveils-similar-strategy-for-ai-powered-galaxy-smartphones">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
</ul>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

AAPL

SSNLF

Apple's Market Woes, Tim Cook's 2024 Salary, And Siri Privacy Concerns: This Week In Appleverse

The week has been a rollercoaster ride for the U.S. economy. From a slowdown in private sector job growth to rising inflation concerns at the Federal Reserve, the economic landscape has been anything but predictable. Let&#8217;s dive into the top stories that shaped the week.
Private Sector Job Growth Slows Down
The U.S. private sector added 122,000 jobs in December, a significant drop from November&#8217;s 146,000, according to a report by&nbsp;Automatic Data Processing Inc.&nbsp;The manufacturing sector saw a contraction in employment for the third consecutive month, indicating a potential slowdown in the labor market.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42873182/us-private-businesses-add-122000-jobs-in-december-the-labor-market-downshifted-to-a-more-modest-pace-of-growth">Read the full article here.</a>
Federal Reserve Expresses Inflation Concerns
The Federal Reserve&#8217;s December meeting was dominated by concerns over persistent inflation and potential policy shifts under the new White House administration. Policymakers were divided on the pace of future rate adjustments, with the Fed cutting rates by 25 basis points, bringing the federal funds rate to 4.25%-4.5%.
<a href="https://www.benzinga.com/news/econ-s/25/01/42884303/fed-minutes-reveal-inflation-jitters-policymakers-signal-slower-interest-rate-easing-path-ahead">Read the full article here.</a>
Strong Job Growth in December
The U.S. labor market ended 2024 on a high note, adding 256,000 jobs in December, surpassing economist forecasts. The Bureau of Labor Statistics reported that this marked the strongest employment growth since March 2024.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42912480/us-economy-adds-256000-payrolls-in-december-as-tight-labor-market-tops-forecasts-dollar-treasury-yields-spike">Read the full article here.</a>
Mortgage Rates Hit Six-Month High
The new year started on a sour note for prospective U.S. homebuyers as mortgage rates surged to their highest level in six months. The average interest rate on 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less climbed to 6.97%, according to data from the Mortgage Bankers Association.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42764583/mortgage-rates-soar-to-697-applications-crash-jobless-claims-fall-thursdays-econ-data">Read the full article here.</a>
Dollar Hits 14-Month High Amid Tariff Speculation
The U.S. dollar extended its rally to a 14-month high amid speculation that President-elect Donald Trump is considering invoking sweeping emergency powers to implement new tariffs. This move could potentially fuel inflation and policy uncertainty.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42878896/dollar-jumps-to-14-month-highs-30-year-yields-near-danger-zone-as-trump-mulls-national-economic-emergency-to-set-tariffs">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
</ul>
Photo courtesy: 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/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

General

Job Growth, Fed Jitters, And Rising Mortgage Rates: This Week In Economics

The past week was packed with significant events that could potentially shape the future of tech, politics, and entertainment. From the Supreme Court hearing arguments on the potential TikTok ban to Google&#8217;s hefty donation to Trump&#8217;s inauguration, here&#8217;s a recap of the top stories.
Supreme Court Hears TikTok Arguments
The U.S. Supreme Court heard oral arguments on Friday regarding legislation that could ban TikTok, owned by&nbsp;ByteDance, in the United States in nine days. Last year, Congress passed a law requiring ByteDance to sell TikTok or face a ban in the U.S. ByteDance has since filed a lawsuit to block the law, and the case is now in the hands of the Supreme Court.
<a href="https://www.benzinga.com/25/01/42919029/supreme-court-hears-tiktok-oral-arguments">Read the full article here.</a>
John Fetterman Accepts Trump Invitation
Pennsylvania Sen. John Fetterman will become the first Democrat to join the slew of politicians and billionaire businesspeople who are making the trek to meet with President-elect Donald Trump at his Mar-a-Lago home in Palm Beach, Florida. Fetterman stated that he accepted the invitation to meet Trump as he is the senator for all Pennsylvanians, not just Democrats.
<a href="https://www.benzinga.com/markets/cannabis/25/01/42913566/john-fetterman-first-democratic-lawmaker-to-accept-trump-invitation-to-mar-a-lago">Read the full article here.</a>
Jimmy Carter&#8217;s Funeral
President Jimmy Carter&#8217;s solemn state funeral in Washington, D.C.'s National Cathedral brought together five living U.S. presidents, including President-elect Donald Trump. The first eulogy was given by one of Carter&#8217;s grandsons, Joshua Carter, who praised his grandfather&#8217;s lifelong pursuit of peace and justice.
<a href="https://www.benzinga.com/markets/cannabis/25/01/42901026/jimmy-carters-funeral-5-living-presidents-attend-family-colleagues-share-warm-humorous-stories">Read the full article here.</a>
Google Donates $1 Million To Trump Inauguration
Alphabet Inc. (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>)&nbsp;owned search giant Google has announced a $1 million donation to Trump&#8217;s inauguration fund, joining the ranks of Meta Platforms, Amazon.com, Ford Motor Company, and more. Several tech billionaires including Apple CEO Tim Cook and OpenAI CEO Sam Altman have also announced $1 million donations.
<a href="https://www.benzinga.com/tech/25/01/42898021/google-donates-1-million-to-trump-inauguration-plans-youtube-livestream-pleased-to-support">Read the full article here.</a>
Amazon To Pay $40 Million For Melania Trump Documentary
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;is reportedly investing $40 million in a documentary about Melania Trump, directed by Brett Ratner. The deal also includes a follow-up docuseries, marking Ratner's return to filmmaking after a hiatus since 2018.
<a href="https://www.benzinga.com/25/01/42931869/jeff-bezos-amazon-to-pay-40-million-for-melania-trump-documentary-report">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42931896/jeff-bezos-500-million-superyacht-koru-steals-the-show-at-st-barts-annual-festival-where-173-billionaires-turned-up-with-their-yachts">Jeff Bezos&#8217; $500 Million Superyacht Koru Steals The Show At St. Bart&#8217;s Annual Festival Where 173 Billionaires Turned Up With Their Yachts</a></li>
</ul>
Photo courtesy: 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/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

GOOG

GOOGL

Supreme Court Hears Tiktok Case, Google Donates To Trump Inauguration, And More: This Week In Politics

Gov. Maura Healey has proposed a $425 million spending bill to keep Massachusetts' emergency shelter system running through the end of fiscal year 2025.&nbsp;
The plan unveiled recently would drain nearly all remaining pandemic-era surplus funds to cover <a href="https://www.benzinga.com/real-estate/24/11/41811635/rent-soars-pay-lags-why-millions-are-working-50-hours-just-to-afford-housing-according-to-new-report">rising shelter costs</a>. Without the cash injection, state officials predict funding for the system, which supports migrants and residents, will run out by January 31.
Healey stressed the urgency in a letter to lawmakers, calling for immediate action. "Additional resources are necessary to fund the current system in the short term while accelerating efforts to increase the rate of exits and bring the caseload down to sustainable levels," Healey wrote. She also criticized the federal government's inaction on border security and immigration reform.
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The state-run shelter system currently houses about 7,500 families, including children and pregnant women. This number is pushing the system to its limits, with state data showing Massachusetts spent about $325 million on the Emergency Assistance (EA) Family Shelter program in the first half of fiscal year 2024.
The EA budget for Fiscal Year 2024 was $955 million, reflecting a significant increase from previous years.&nbsp;
Healey's proposal includes policy reforms aimed at reducing costs. She plans to cut the maximum stay in state shelters from nine to six months and phase out the use of hotels and motels by the end of 2024.&nbsp;
The governor's spending plan has sparked heated debate. Massachusetts operates under a &#8220;right-to-shelter&#8221; law, which mandates emergency housing for eligible families. Critics argue the system is financially unsustainable and point to recent incidents to bolster their case.&nbsp;
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For example, in December 2024, Massachusetts State Police arrested 28-year-old Dominican national Leonardo Andujar Sanchez at a state-run emergency family shelter in Revere. Authorities discovered approximately 10 pounds of fentanyl, valued at over $1 million, along with an AR-15 rifle and large-capacity magazines in his possession.
Earlier in the year, in March 2024, 26-year-old Haitian national Cory Bernard Alvarez was arrested for allegedly raping a 15-year-old girl at a Comfort Inn in Rockland, Massachusetts, which was serving as a migrant shelter.&nbsp;
Alvarez was initially held without bail but was released on a $500 bond in June, despite an immigration detainer lodged by U.S. Immigration and Customs Enforcement (ICE). ICE agents rearrested him in August near his residence in Brockton.&nbsp;
Massachusetts Republicans have criticized Gov. Maura Healey&#8217;s administration for allegedly spending nearly $1 billion on the state&#8217;s migrant crisis without sufficient transparency.&nbsp;
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MassGOP Chair Amy Carnevale stated in a release from the State's Republican Party, &#8220;The Healey-Driscoll Administration has shrouded nearly $1 billion spent in secrecy, leaving Massachusetts residents in the dark.&#8221;&nbsp;
She accused the administration of withholding critical information on numerous<a href="https://www.benzinga.com/personal-finance/24/10/41275275/donald-trump-suggests-that-an-extraordinarily-rough-police-approach-could-be-the-key-to-ending-r"> incidents involving police</a>, fire and emergency medical services.
Still, Healey's administration maintains the system has provided vital support to vulnerable families. "Massachusetts taxpayers should not be footing the bill for this federal problem," Healey said in a public statement, calling for federal action on immigration reform.
While Democrats control both the Massachusetts House and Senate, their response remains uncertain. Senate President Karen Spilka's office said it would review the bill upon arrival, while House Speaker Ron Mariano is yet to respond.
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Gov. Healey Pushes $425M Spending Bill To Prevent Shelter Crisis As Funds Set To Run Dry By Jan. 31

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