As U.S. markets paused for Thanksgiving, European equities staged a rebound on Thursday, snapping a three-day losing streak. Lower-than-expected consumer inflation data from Germany rekindled optimism for more aggressive rate cuts by <a href="https://www.benzinga.com/topic/interest-rates">the European Central Bank (ECB)</a>.



Germany&#8217;s annual inflation rate edged higher, rising from 2.0% in October to 2.2% in November , but came in just below market expectations of 2.3%. On a monthly basis, Germany&#8217;s consumer price index (CPI) fell 0.2%, marking the sharpest decline in over a year. The unexpected contraction in monthly CPI added to speculation that the ECB could accelerate monetary easing to support the region&#8217;s economy.



<h3 class="wp-block-heading">European Equities Post Gains</h3>



The Euro STOXX 50, a key benchmark for the eurozone's 50 largest blue-chip stocks, closed up 0.5%, buoyed by gains in industrials and energy stocks. Among the biggest winners were:



<ul>
<li>Airbus SE (OTCPK: AEDSY): +4.2%</li>



<li>RWE AG (OTCPK: RWEOY): +2.7%</li>



<li>ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>): +2.3%</li>
</ul>



<h3 class="wp-block-heading">Dollar Rebounds, Yen Slips After Wednesday&#8217;s Rally</h3>



Meanwhile, the euro slipped 0.2%, trading at $1.0550 against the U.S. dollar. A currency weighted measure of the greenback – tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) – was also up by 0.2%. 



The yen was the underperformer among major currencies, falling by 0.3% following a 1.3% rally on Wednesday. 



<h3 class="wp-block-heading">Commodities: Gold Shines, Oil Sees Volatility</h3>



Commodities were mixed in Thursday&#8217;s session:



<ul>
<li>Gold futures edged up 0.2%, eyeing their sixth gain in the last seven trading days. </li>



<li>Natural gas futures climbed 2.3%, recovering some ground after an 8.5% drop on Wednesday. Thus far in November, natural gas prices are up by 20%. </li>



<li>Oil prices had a choppy session, initially rising on reports of Israeli forces citing violations of the Israel-Hezbollah ceasefire agreement. However, as tensions eased, oil pared gains to trade flat.</li>
</ul>



<h3 class="wp-block-heading">Crypto Struggles To Maintain Momentum</h3>



Cryptocurrencies saw a pullback after recent gains:



<ul>
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 0.9% to around $95,000, failing to sustain momentum from Wednesday's 4.6% rally.</li>



<li>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) dropped 3%, erasing part of its 10% surge the previous day. The pullback highlighted a weaker appetite for risk-on assets within the crypto space.</li>
</ul>



Read now: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42234954/will-apple-or-nvidia-be-the-worlds-most-valuable-company-by-the-end-of-2024-polymarket-traders-have-a-clear-favorite">Will Apple Or NVIDIA Be The World&#8217;s Most Valuable Company By The End Of 2024? Polymarket Traders Have A Clear Favorite</a></li>
</ul>

Cryptocurrency

Equities

Large Cap

Eurozone

Commodities

Currency ETFs

Econ #s

Economics

ETFs

$BTC

$ETH

ASML

European Stocks Close Higher, Dollar Gains, Bitcoin Eases To $95,000: What's Driving Markets Thursday?

The New York Stock Exchange (NYSE) and the bond market will <a href="https://www.nyse.com/markets/hours-calendars#nyse">be closed</a> on Thursday, Nov. 28 for Thanksgiving. Markets will re-open at 9:30 am ET for regular trading on Black Friday, but the stock market will close early at 1 p.m. ET and the bond market will <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42224605/10-insights-about-the-us-economy-for-thanksgiving-dinner-talk">lose at 2 p.m. ET</a>.



What To Know: Historically, markets perform well on Black Friday, with the S&amp;P 500 closing higher 69% of the time since 1960, according to data from Macrotrends. Investors looking to invest in the broader market can look to the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which tracks the S&amp;P 500 index.&nbsp;



Read Next: <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts &#8216;Already Regret Their Decision&#8217;</a>



The retail sector often outperforms the broader market around Black Friday. Investors can focus on retail sector ETFs like the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>) or individual retailer's stocks like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) or Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) to capture the momentum created by one of the busiest shopping days of the year.&nbsp;



Upcoming Market Holidays:&nbsp;



<ul>
<li>Nov. 28, 2024 &#8211; Thanksgiving Day, markets closed.&nbsp;&nbsp;</li>



<li>Nov. 29, 2024 &#8211; Black Friday, stock market closes at 1 p.m. ET, bond market closes at 2 p.m. ET.&nbsp;</li>



<li>Dec. 24, 2024 &#8211; Christmas Eve, stock market closes at 1 p.m. ET, bond market closes at 2 p.m. ET.</li>



<li>Dec. 25, 2024 &#8211; Christmas Day, markets closed.&nbsp;</li>



<li>Dec. 31, 2024 &#8211; New Year's Eve,&nbsp; stock market regular hours, bond market closes at 2 p.m. ET.</li>



<li>Jan. 1, 2025 &#8211; New Year's Day, markets closed.&nbsp;</li>
</ul>



Read More: <a href="https://www.benzinga.com/news/retail-sales/24/11/42225933/black-friday-cyber-monday-shopping-set-to-break-sales-records">Black Friday, Cyber Monday Shopping Set To Break Sales Records</a>



Image: Reto Keller from Pixabay

News

Bonds

Markets

Movers

AMZN

Is The Stock Market Open On Thanksgiving?

For many Americans across the country, today (Thursday) means meals with families to <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/11/35930411/is-the-stock-market-closed-on-thanksgiving-traders-prepare-for-a-holiday-break" target="_blank" rel="noreferrer noopener">celebrate the Thanksgiving holiday</a>.



One topic of conversation that has likely come up in recent years at holiday family gatherings is cryptocurrency. Here&#8217;s a look at how crypto has performed since last year&#8217;s Thanksgiving.



What Happened:&nbsp;The Thanksgiving Day holiday for many includes traditions such as family, food <a href="https://www.benzinga.com/general/sports/24/11/42226470/heres-why-the-detroit-lions-dallas-cowboys-always-have-thanksgiving-day-nfl-games">and football</a>. Dinner conversations could center on school, work, politics and potentially investments like stocks&nbsp;<a href="https://www.benzinga.com/money/crypto" target="_blank" rel="noreferrer noopener">and cryptocurrencies.</a>



The cryptocurrency markets were riding high in November 2021 when Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) hit then all-time highs and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) was also up significantly from the start of the year.



Family members discussing cryptocurrency that year were likely either supporting a further move up or questioning if investments in crypto were risky.



Family members who tried to talk their relatives into buying cryptocurrencies that year have likely received some questions from relatives in the past year or so with the sector facing high volatility and items such as cryptocurrency bankruptcies sending the price of major cryptocurrencies down in 2022.



As&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29846094/so-you-told-your-family-to-invest-in-bitcoin-dogecoin-and-ethereum-at-thanksgiving-last-ye" target="_blank" rel="noreferrer noopener">Benzinga previously shared</a>, investing in Bitcoin, Dogecoin and Ethereum on Thanksgiving Day 2021 would have been down 72.3%, 64.6% and 72.5%, respectively a year later.



A $3,000 investment split between the three leading cryptocurrencies would have been down 69.8% to $905.69 from Thanksgiving 2021 to Thanksgiving 2022.



Family members who were convinced to buy cryptocurrency on Thanksgiving Day 2022 or Thanksgiving Day 2023 might have a more favorable attitude towards their crypto friendly relatives.



Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42224605/10-insights-about-the-us-economy-for-thanksgiving-dinner-talk">10 Insights About The US Economy For Thanksgiving Dinner Talk</a>



Investing $1,000 in BTC, DOGE, ETH: If a relative did end up convinced and decided to invest in cryptocurrency for the first time on Thanksgiving Day 2023, they have been blessed with a good entry point.



Here's a look at how investments would have fared over the last nearly one-year period, investing $1,000 in each of Bitcoin, Dogecoin and Ethereum.



A $1,000 investment in Bitcoin on Thanksgiving 2023 could have purchased 0.0266 BTC. The investment would be worth $2,563.18 today based on a price of $96,360.02 at the time of writing. The investment would be up 156.3% since the holiday last year.



A $1,000 investment in Dogecoin on Thanksgiving 2023 could have purchased 13,097.92 DOGE. The investment would be worth $5,261.43 today based on a price of $0.4017 at the time of writing. The investment would be up 426.1% since the holiday last year.



A $1,000 investment in Ethereum on Thanksgiving 2023 could have purchased 0.4789 ETH. The investment would be worth $1,742.85 today based on a price of $3,639.28 at the time of writing. The investment would be up 74.3% since the holiday last year.



In total, a $3,000 investment in the three well-known and discussed cryptocurrencies would be worth $9,567.46 today, up 218.9%



For comparison a $1,000 investment in the&nbsp;SPDR S&amp;P 500 ETF Trust,&nbsp;which tracks the S&amp;P 500 stock market index, would be worth $1,311.44 and up 31.1% from Thanksgiving 2023 to Thanksgiving 2024.



The returns from 2023 to now outpaced the gains from both 2021 to 2022 and 2022 to 2023.



Last year, Benzinga shared that the returns of Bitcoin, Dogecoin and Ethereum from Thanksgiving 2022 to Thanksgiving 2023 would have been up 123.3%, down 9.2% and up 70.5% respectively. The $3,000 investment from Thanksgiving 2022 to Thanksgiving 2023 would have been worth $4,846.24 and up 61.5%.



The huge returns over the last year could have crypto investors smiling plenty at the Thanksgiving Day dinner table Thursday.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>



This article was previously published by Benzinga and has been updated.

Education

$DOGE

So You Told Your Family To Invest In Bitcoin, Dogecoin, Ethereum At Thanksgiving Last Year? Here's How Much They Now Have (And Why You Might Be Invited Back To The Adult Table)

Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is having a banner year, with its stock surging over 235% in the past year and showing <a href="https://www.benzinga.com/quote/PLTR/news">no signs of slowing</a>. 



Market strategist Keith Fitz-Gerald believes this is just the beginning, boldly claiming that Palantir could rival Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Cisco Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) — and hit $100 per share sooner than you think.



<h2 class="wp-block-heading">Palantir Could Hit $100 By Mid-2025, Says Expert</h2>



Fitz-Gerald, <a href="https://x.com/fitz_keith/status/1861188617739145336">speaking</a> on Fox Business, shared an upgraded outlook for the data analytics powerhouse. Initially forecasting a $100 price target within 3-5 years, he now expects Palantir to hit that milestone by mid-next year. "This thing is a monster," he said. "Nobody else has got a product like it. It's meshing data software that makes software work. Every legacy provider right now is in trouble."



The analyst's comparisons to industry titans like Oracle and Cisco come as Palantir continues to disrupt with its innovative data solutions. 



Fitz-Gerald emphasized the company's unmatched product offering, suggesting it could outpace traditional providers struggling to adapt to modern data demands.



Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/42233095/palantirs-ytd-returns-surge-298-heres-how-etfs-with-exposure-to-alex-karps-company-have-performed">Palantir&#8217;s YTD Returns Surge 298%: Here&#8217;s How ETFs With Exposure To Alex Karp&#8217;s Company Have Performed</a>



<h2 class="wp-block-heading">Technical Momentum Fuels Optimism</h2>



The bullish sentiment isn't just talk. 



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28095103/Screenshot-2024-11-28-at-8.20.49-PM.png" alt="" class="wp-image-669174" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28095103/Screenshot-2024-11-28-at-8.20.49-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28095103/Screenshot-2024-11-28-at-8.20.49-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>



<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>



PLTR stock, at $66.05, is flying high above all its major moving averages:



<ul>
<li>Eight-day SMA: $63.56</li>



<li>20-day SMA: $58.00</li>



<li>50-day SMA: $47.68</li>



<li>200-day SMA: $31.14</li>
</ul>



These technical signals underscore a strong uptrend, with PLTR&#8217;s Moving Average Convergence Divergence (MACD) at 5.51, another indicator of a buying opportunity. 



However, investors should note the RSI of 73.03, suggesting the PLTR stock is in overbought territory.



<h2 class="wp-block-heading">Palantir: A Long-Term Play</h2>



For long-term believers, Palantir's trajectory could mirror the meteoric rise of companies like Oracle and Cisco during their heydays. With its unique ability to integrate complex data solutions across industries, Palantir is positioned to dominate a market where legacy systems are struggling to keep pace.



If Fitz-Gerald's prediction holds, Palantir could hit triple digits by next year, but investors might want to buckle up for a wild ride as the stock navigates both technical and market dynamics.



Whether Palantir becomes the next Oracle or carves its own path, one thing is clear: this data giant isn't slowing down anytime soon.



Image: Shutterstock

Tech

CSCO

ORCL

PLTR

Palantir: The Next Oracle? Expert Predicts A Monster Run To $100

Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong has criticized Senator Elizabeth Warren (D-Mass.), calling her a &#8220;liability&#8221; to the Democratic Party and accusing her of being complicit in attempts to undermine <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">the cryptocurrency industry.</a>



What Happened: Armstrong's comments came in response to a tweet from Elon Musk, referring to venture capitalist Marc Andreessen <a href="https://x.com/elonmusk/status/1861667220876824869">alleging</a> that 30 tech founders were secretly debanked in an appearance on the Joe Rogan podcast. 



Armstrong <a href="https://x.com/brian_armstrong/status/1861890800268775923">supported</a> Musk's claim, describing the situation as "one of the most unethical and un-American things that happened in the Biden administration."



He speculated that Senator Warren played a key role, stating, "My guess is we&#8217;ll find Elizabeth Warren&#8217;s fingerprints all over it." 



He also alleged that Warren and SEC Chair <a href="https://x.com/brian_armstrong/status/1861890800268775923">Gary Gensler</a> attempted to &#8220;unlawfully kill our entire industry,&#8221; suggesting that their actions contributed to the Democratic Party's poor performance in the recent elections.



Armstrong also revealed that Coinbase is pursuing Freedom of Information Act (FOIA) requests to gather documents to uncover the full extent of the issue and determine if any laws were broken.



"We're still collecting documents via FOIA requests, so hopefully the full story emerges of who was involved," Armstrong added.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42232116/dogecoin-to-hit-69-cents-by-inauguration-day-polymarket-traders-are-not-convinced">Dogecoin To Hit 69 Cents By Inauguration Day? Polymarket Traders Are Not Convinced</a>



Why It Matters: The Coinbase CEO&#8217;s criticism reflects growing tensions between the cryptocurrency industry and certain Democratic leaders, particularly Warren, who has long been a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41963342/elizabeth-warrens-sarcastic-take-on-doges-split-leadership-gets-slammed-by-elon-musk-unlike-you-neither-of-us-are-being-paid">vocal critic of crypto</a>.



Warren's stance on cryptocurrency has been a polarizing issue, with proponents accusing her of stifling innovation through excessive regulation, while her supporters argue that tighter controls are necessary to curb fraud and environmental harm.



Armstrong's remarks come amid increasing scrutiny of regulatory policies under the Biden administration, with crypto advocates pointing to what they see as overreach by agencies <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">like the SEC</a>.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42221726/crypto-dad-chris-giancarlo-advocates-for-passing-crypto-regulation-from-the-sec-to-another-commission-heres-why">&#8216;Crypto Dad&#8217; Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here&#8217;s Why</a></li>
</ul>



Image: Shutterstock

COIN

Coinbase's Armstrong: Warren Was Involved In 'One Of The Most Unethical, Un-American Things In The Biden Administration'

President-elect Donald Trump has nominated <a href="https://www.benzinga.com/general/health-care/24/11/42077935/trump-picks-dr-oz-who-says-seniors-should-give-medical-marijuana-a-try-to-lead-centers-for-medicare-and-medicaid-services">Dr. Mehmet Oz</a> to lead the Centers for Medicare and Medicaid Services (CMS), sparking conversations about potential changes to Medicare. This key agency oversees health programs for over 160 million Americans, including Medicare, Medicaid and the Children's Health Insurance Program.



Don't Miss:



<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>



<li>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>.</li>
</ul>



Dr. Oz, best known for his TV show and controversial medical advice, is a vocal proponent of expanding Medicare Advantage (MA), the private alternative to traditional Medicare.&nbsp;



How could his nomination impact Medicare beneficiaries – particularly in regard to their costs and benefits?



Dr. Oz has long championed <a href="https://www.benzinga.com/personal-finance/24/10/41570507/medicare-advantage-shake-up-how-health-insurance-plans-could-change-for-up-to-44-000-new-hampshi">Medicare Advantage</a>, which allows seniors to opt for private plans instead of traditional Medicare. These plans often appeal to enrollees with lower premiums and additional perks like dental, hearing and gym memberships. However, they come with trade-offs, such as limited provider networks and prior authorization requirements that can delay or deny care.



See Also: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest TODAY for just $0.26/share with a $1000 minimum.</a>



Currently, 54% of Medicare enrollees are in Advantage plans, which could grow under Oz's leadership. Some experts speculate that Oz might push to make MA the default choice for new enrollees, as suggested in the conservative Heritage Foundation&#8217;s Project 2025 report.



"When plans are paid more, that does seem to result in more generous benefits for Medicare Advantage enrollees," Matthew Fiedler of the Brookings Institution told Yahoo Finance. However, critics warn that this could strain Medicare's finances.



In announcing Oz's nomination, Trump stated that TV doctors would reduce &#8220;waste and fraud&#8221; in Medicare, which costs the government billions annually. According to the Government Accountability Office (GAO), improper payments in Medicare and Medicaid exceeded $100 billion in 2023. Addressing these issues could help extend Medicare's solvency, especially as its trust fund faces potential depletion by 2036.



Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>



Yet, experts are skeptical about significant changes targeting Medicare Advantage, which some studies suggest leads to overpayments and excessive profits for insurers. The Committee for a Responsible Federal Budget estimated that Medicare Advantage overpayments could cost taxpayers up to $1.6 trillion over the next decade.



<a href="https://www.benzinga.com/general/health-care/24/11/42077057/trump-picks-dr-oz-as-centers-for-medicare-and-medicaid-services-administrator">Oz and Trump</a> have expressed a desire to make prescription drugs more affordable. While Oz has discussed streamlining clinical trials to cut costs, it remains unclear if he would support provisions from the Inflation Reduction Act (IRA), such as Medicare's $2,000 cap on out-of-pocket drug expenses.



Trending: Many are using this retirement income calculator 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>



Although some Republicans advocate repealing the IRA, most experts believe the cap on drug costs will remain untouched. "Nobody's going to mess with the $2,000 cap," says elder advocate Bob Blancato at the Gerontological Society of America (GSA) conference before Oz was nominated.



Oz's leadership could mean expanded access to Medicare Advantage plans for <a href="https://www.benzinga.com/general/biotech/24/10/41257459/biden-administration-unveils-plan-to-provide-generic-drugs-for-2-to-medicare-recipients">Medicare beneficiaries</a>, potentially offering more perks but with stricter provider networks. However, these changes might also increase costs for taxpayers and the traditional Medicare program in the long term.



Ultimately, whether Dr. Oz can deliver on promises to cut waste and fraud while maintaining or improving benefits remains to be seen. Seniors and policymakers alike will be watching closely as his tenure unfolds. Understanding these potential changes can help you make informed decisions about your health care options.&nbsp;



Read Next:



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<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>



<li>Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a></li>
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Personal Finance

Trump Says Dr. Oz Will Cut 'Waste And Fraud' In Medicare – Experts Are Skeptical, But What Does This Mean For Your Health Care Costs?

Nvidia Corporation CEO Jensen Huang once admitted that while he doesn't &#8220;love&#8221; every day of his job, his persistence has been key to building a company now valued at over $3 trillion.



What Happened: In May earlier this year, during a fireside chat, Huang conversed with Patrick Collison, the co-founder and CEO of Stripe, a multinational financial services and software as a service (SaaS) company.



During the conversation, Huang contested the popular belief that a career should always bring happiness. He said that creating something exceptional is challenging and does not always result in joy.&nbsp;



&#8220;I don&#8217;t love every day of my job, I don&#8217;t think every day brings me joy, nor does joy have to be the definition of a good day,&#8221; he stated, adding, &#8220;Every day I&#8217;m not happy, every year I&#8217;m not happy about the company but I love the company every single second.&#8221;



See Also: <a href="https://www.benzinga.com/markets/24/11/42210862/nvidias-journey-to-the-top-with-3-5-trillion-market-capitalization-how-the-ai-chip-giant-transformed-post-covid?itm_source=parsely-api">Nvidia&#8217;s Journey To The Top With $3.5 Trillion Market Capitalization: How The AI Chip Giant Transformed Post-COVID</a>



He further argued that the best jobs are not always those that bring constant happiness. &#8220;You have to suffer, you have to struggle, you have to endeavor &#8230; to really appreciate what you&#8217;ve done,&#8221; Huang elaborated.



He concluded by wishing others greatness, which, in his view, means wishing them &#8220;plenty of pain and suffering.&#8221;



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="A conversation with NVIDIA's Jensen Huang" width="500" height="281" src="https://www.youtube.com/embed/8Pfa8kPjUio?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It Matters: According <a href="https://www.forbes.com/profile/jensen-huang/">to</a> Forbes, Huang currently has a net worth of $118.2 billion, making him number 11 on the list of the world's richest people.



His wealth largely stems from his about 3% stake in Nvidia, <a href="https://www.benzinga.com/general/education/24/08/40635978/if-you-invested-1-000-in-nvidia-stock-at-ipo-heres-how-much-youd-have-now">which went public</a> on Jan. 22, 1999. He co-founded the Santa Clara-based chip and AI company with Chris Malachowsky and Curtis Priem, on April 5, 1993.



The company surpassed the $1 trillion market capitalization level in May 2023, becoming one of the most valuable companies globally. This growth trajectory continued this year, as Nvidia exceeded $2 trillion and a $3 trillion market cap, even briefly becoming the world's most valuable company.



At the time of writing, Nvidia had a market cap of $3.314 trillion. Earlier this month, the AI chip giant reported <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">third-quarter revenue</a> of $35.1 billion.



This marked a 94% year-over-year increase, with Nvidia surpassing the Street consensus estimate of $33.12 billion, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1">Benzinga Pro data</a>.



With this, the company has exceeded revenue analyst expectations for nine consecutive quarters. It has also surpassed earnings per share estimates for eight straight quarters.



Price Action: Nvidia's stock fell 1.15% on Wednesday, ending the day at $135.34. However, after-hours trading saw a 0.47% increase in shares. Year-to-date, Nvidia&#8217;s stock has risen by an impressive 180.96%, greatly outperforming the Nasdaq 100&#8217;s 25.39% gain during the same period.



Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



Read Next:



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<li><a href="https://www.benzinga.com/news/global/24/11/42179729/as-nvidia-maintains-chip-supremacy-jim-cramer-says-the-so-called-enemies-of-semiconductor-giant-arent-really-enemies" target="_blank" rel="noreferrer noopener">As Nvidia Maintains Chip Supremacy, Jim Cramer Says Foes Of Semiconductor Giant ‘Aren't Really Enemies'</a></li>
</ul>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Image via Flickr/ Village Global

Jensen Huang Says He Doesn't 'Love' Every Day Of His Job. Here's How The Nvidia Boss Created A Company Worth Over $3 Trillion Today

Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) has experienced a remarkable rise, achieving a 298.37% year-to-date return as of Thursday morning. This surge has sparked interest in ETFs with significant exposure to Palantir.



According to&nbsp;<a href="https://pro.benzinga.com/">Benzinga Pro</a>, the&nbsp;Global X Defense Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) holds 7.82% of its portfolio in Palantir stock, amounting to&nbsp;$51.85 million across 1.24 million&nbsp;shares. SHLD, which combines Palantir&#8217;s defense and intelligence sector presence with other aerospace and defense players, has seen a 40.86% YTD return.



Meanwhile,&nbsp;ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>)&nbsp;has allocated nearly 5% of&nbsp;its portfolio to Palantir, with over $273 million invested in 6.53 million shares. Known for backing high-growth companies, ARKK boasts over $6 billion in assets under management and has achieved a 13.17% YTD return.



See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42159139/microstrategy-shares-rise-in-monday-pre-market-as-michael-saylor-reveals-mstr-generating-500m-daily-amid-bitcoins-surge?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MicroStrategy Shares Rise In Monday Pre-Market As Michael Saylor Reveals MSTR Generating $500M Daily Amid Bitcoin&#8217;s Surge (UPDATED)</a>



On the other hand, the&nbsp;REX AI Equity Premium Income&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>) holds 9.46% exposure to Palantir, translating to a $9.24 million position. However,&nbsp;its YTD returns have declined&nbsp;by 0.61%. AIPI&#8217;s strategy involves selling out-of-the-money covered call options, which can generate income but may limit capital appreciation.



At the time of writing, Palantir&#8217;s stock was up by 0.23%. The three most recent analyst ratings for Palantir. were issued by BofA Securities, Wedbush, and Goldman Sachs on Nov. 25 and Nov, 7, with an average price target of $63.67 from these firms.



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PLTR/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28083739/Screenshot-2024-11-28-at-7.07.26%E2%80%AFPM-1024x390.png" alt="" class="wp-image-669123"/></a></figure>



Read Next:&nbsp;



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<li><a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a></li>
</ul>



Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.



Image via Flickr

General

AIPI

ARKK

SHLD

Palantir's YTD Returns Surge 298%: Here's How ETFs With Exposure To Alex Karp's Company Have Performed

Shares of Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) have fallen by 11.36% since the U.S. presidential elections. Technical analysis using simple moving averages suggests that the stock price is neither increasing nor decreasing but oscillating within a defined range.



Stock Movement



After the shares zoomed post-election it has now fallen below the pre-election level. The Donald Trump-owned company shares are down 39% in the last six months and 36% in the last month.



However, it has outperformed the Nasdaq Composite and Nasdaq 100 and has risen by 74.44% year-to-date, whereas the two indices rose by 29% and 25% respectively, in the same period.



As of Wednesday&#8217;s close, the shares were down 0.23% at $30.44 apiece, which fell further by 0.06% to $30.42 per share during the after-hours. The share price remains 161% below its 52-week high of $79.44 apiece and 35% above its 52-week low of $22.55 per share.



Also read: <a href="https://www.benzinga.com/markets/equities/24/11/42231266/gop-megadonor-ken-griffin-slashes-citadels-palantir-stake-by-91-bets-big-on-nvidia-as-jensen-huang-led-company-rises-over-180-in-2024">GOP Megadonor Ken Griffin Slashes Citadel&#8217;s Palantir Stake By 91%, Bets Big On Nvidia As Jensen Huang-Led Company Rises Over 180% In 2024</a>



Technical Analysis



From a technical perspective, the analysis of daily moving averages indicates a potential period of consolidation.



<a href="https://pro.benzinga.com/dashboard">According to Benzinga pro data</a>, Wednesday's after-hour price of $30.42 per share is just below its 200-day simple moving average of $30.45 apiece. On the other hand, the share price is just slightly above its 20-day simple moving average of $30.38 per share. The stock&#8217;s eight and 50-day averages are the same at $30.39 apiece, signaling indecisiveness.



The relative strength index at 55.56 level also indicates a neutral stance, representing neither overbought nor oversold conditions.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-1024x576.png" alt="" class="wp-image-669060" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



DJT Options Activity



<a href="https://www.benzinga.com/premium/ideas/getting-started-with-benzinga-options/">Benzinga&#8217;s analysis of options</a> history for Trump Media revealed <a href="https://www.benzinga.com/insights/options/24/11/42196584/trump-media-technology-unusual-options-activity">17 unusual trades</a>. Out of all the trades spotted, seven were puts, with a value of $836,390, and 10 were calls, valued at $601,794.



Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $100.0 for Trump Media &amp; Technology over the recent three months.



Trump holds a 57% stake in Trump Media &amp; Technology Group. Trump Media operates a social media firm Truth Social. The company, via its social media platform, appears to be wading into the <a href="https://www.benzinga.com/general/social-media/24/11/42124007/trump-media-trademark-filing-for-truthfi-hints-at-potential-digital-wallets-asset-trading">crypto payments business</a> as it filed a trademark application with the U.S. Patent and Trademark Office for the name "TRUTHFI."



<ul>
<li>Read next: <a href="https://www.benzinga.com/insights/options/24/11/42196584/trump-media-technology-unusual-options-activity">Europe&#8217;s Top Central Banker Says &#8216;Not To Retaliate, But To Negotiate&#8217; To Avoid Trump Trade War</a></li>
</ul>



Image via Wikimedia Commons

Trump Media (DJT) Shares Fall Over 11% Post-Election, Oscillates Around Key Moving Averages: Technical Indicators Point Toward Period Of Consolidation

James Howells might go down in history books as one of the unluckiest people ever, having discarded hundreds of millions of dollars in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) accidentally.



But a new twist in this decade-old bizarre saga revealed that it was not him but his ex-girlfriend who unintentionally threw the fortune away. 



What Happened: Halfina Eddy-Evans <a href="https://www.dailymail.co.uk/news/article-14117759/threw-away-569million-Bitcoin-fortune-council-tip.html">confessed</a> during&nbsp;a Monday interview with the Daily&nbsp;Mail&nbsp;that she threw away the&nbsp;hard drive containing 8,000 Bitcoin&nbsp;at the request of Howells. She was adamant that the loss was not her fault, as she did so at Howells&#8217; request.



Halfina said Howells &#8220;begged&#8221; her to dispose of some &#8220;unwanted belongings,&#8221; in a black sack, which, unknown to her, included the hard drive.



&#8220;I thought he should be running his errands, not me, but I did it to help out,&#8221; Howells said.



Halfina said that the blame for losing Bitcoins shouldn&#8217;t be fixed on her, though she hoped Howells would succeed in retrieving the drive. 



See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a>



Why It Matters: This revelation added a new layer to the unfortunate story of Howells, who has been waging a long battle to recover his fortune. 



A Wales-based software engineer, Howells, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla">sued the Newport City Council </a>for approximately $647 million in damages for repeatedly denying his request to excavate the landfill site housing the discarded hard drive.



He has even assembled a team of specialists to excavate at no cost to the council and proposed giving the council 10% of the recovered coins' value.



The 8,000 Bitcoins would be worth $797 million at the all-time high price of 99,645 recorded recently and $765.9 million at the current market price of $95.736.86.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42229486/joe-rogan-hasnt-sold-his-bitcoins-for-over-a-decade-conviction-based-hodling-or-private-key-loss">Joe Rogan&#8217;s Bitcoin Pile Has Grown Over 30000% In Value, But He Hasn&#8217;t Sold: Conviction-Based HODLing Or Has The Podcast King Lost His Keys?</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Image generated using Dall-E<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M? His Ex-Girlfriend Reveals It Was She Who Threw It Away

Billionaire entrepreneur and &#8220;Shark Tank&#8221; host Mark Cuban has offered his services to Elon Musk and Vivek Ramaswamy&#8217;s <a href="https://www.benzinga.com/topic/department-of-government-efficiency">Department of Government Efficiency (DOGE)</a> in a bid to cut federal healthcare costs.



What Happened: On Wednesday, Cuban responded to a user on X, formerly Twitter, who asked if his company, Cost Plus Drugs, could be integrated into government healthcare programs to help cut costs.



In response to the user, Cuban said "Both know how to reach me," referring to Musk and Ramaswamy.



The user's request was about DOGE, an agency led by Musk and Ramaswamy, which aims to drive cost-saving reforms within the federal bureaucracy.



Musk and Ramaswamy, through DOGE, are focused on achieving large-scale reforms within government agencies



See Also: <a href="https://www.benzinga.com/personal-finance/24/11/42193386/mark-cuban-shared-600-a-month-dallas-apartment-with-5-guys-and-slept-on-the-living-room-floor-i-had-nothing-so-i-had-nothing-to-lose">Mark Cuban Shared $600 A Month Dallas Apartment With 5 Guys And Slept On The Living Room Floor</a>



<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">Both know how to reach me. <a href="https://t.co/Jl9gYpZAYs">https://t.co/Jl9gYpZAYs</a>&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1861524965750661386?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: With healthcare costs continuing to rise, especially prescription drug prices, there is growing interest in alternatives to the traditional pharmaceutical distribution system.



Cuban's pharma company, launched in 2022, was founded to reduce the cost of prescription drugs by <a href="https://www.benzinga.com/news/23/02/30672271/mark-cuban-aims-to-disrupt-a-365-billion-industry-with-the-only-startup-that-bears-his-name">cutting out intermediaries</a> in the pharmaceutical supply chain. 



The company's transparent pricing model provides consumers with generic medications at a much lower cost than traditional methods.



If DOGE partners with Cuban's company, it could potentially bring these cost-saving measures to federal healthcare programs, such as Medicare and Medicaid.



Last year in June, a social media user questioned Cuban why his company, Cost Plus Drugs, doesn't offer Ivermectin, citing a stark price disparity between Africa and the U.S. 



At the time, Musk chimed in saying, "Good question," to which Cuban responded, explaining that his company couldn't secure a competitive price for Ivermectin but offered Hydroxychloroquine as an alternative.



He also <a href="https://www.benzinga.com/news/23/12/36231355/mark-cubans-cost-plus-drugs-gets-medication-elon-musk-asked-about-6-months-ago-still-ready-to-save-t">suggested Musk explore Cost Plus Drugs</a> to save his employees and companies significant money.



Six months later, Cuban updated Musk, announcing that Ivermectin was now available on Cost Plus Drugs, reiterating the potential savings for Tesla Inc., SpaceX, and X employees, and inviting Musk's team to reach out for collaboration.



For anyone hoping to invest in a <a href="https://www.benzinga.com/news/24/01/36836747/mark-cuban-talks-elon-musk-dei-health-care-investments-buying-twitter-and-more-in-an-x-ama">future IPO of Cost Plus Drug Company</a>, Cuban earlier this year stated that it's &#8220;Not going to happen. Maximizing profits is not our goal.&#8221;



According <a href="https://www.fortunebusinessinsights.com/prescription-drugs-market-102709">to</a> Fortune Business Insights, in 2023, the global prescription drug market&#8217;s value reached approximately $1,162.61 billion, with North America contributing a significant share, estimated at $576.35 billion.



The iShares U.S. Healthcare Providers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHF#NYSE">IHF</a>) ended Wednesday&#8217;s session up by 0.24% at $54.40. Year-to-date, it has gained 1.8%, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42169194/joby-gets-toyotas-500m-dollar-lift-evtol-pioneer-making-new-highs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Joby Gets Toyota's $500M Dollar Lift: eVTOL Pioneer Making New Highs</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photos courtesy: Shutterstock

Health Care

Politics

Will Mark Cuban Join Rivals Elon Musk, Vivek Ramaswamy's DOGE? 'Shark Tank' Host Says 'Both Know How To Reach Me'

Mexican President Claudia Sheinbaum responded to U.S. President-elect Donald Trump in a letter published Tuesday, addressing the issue of the <a href="https://www.benzinga.com/markets/cannabis/24/03/37445551/overdose-crisis-worsens-the-rise-of-fentanyl-smoking-leads-to-even-more-deaths-than-shooting-her">fentanyl crisis</a> and broader drug-related challenges.



Her message emphasized cooperation over confrontation — whereas Trump has a <a href="https://www.benzinga.com/news/24/10/41563454/trumps-escalating-threats-to-rivals-100-and-counting">penchant for the latter</a>.



&#8220;Neither threats nor tariffs will solve the migration or the drug abuse phenomenon in the US,&#8221; Sheinbaum <a href="https://x.com/Claudiashein/status/1861558804652999130">said</a>, calling for collaborative solutions to mitigate the escalating drug crisis.



<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">Migración y consumo de fentanilo no se atenderán con amenazas ni aranceles. México avanza con resultados en acciones integrales; la cooperación y el entendimiento son necesarios. El diálogo es el camino. <a href="https://t.co/mwXkhUCwbL">pic.twitter.com/mwXkhUCwbL</a>&mdash; Claudia Sheinbaum Pardo (@Claudiashein) <a href="https://twitter.com/Claudiashein/status/1861558804652999130?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h3 class="wp-block-heading">Sheinbaum To Trump: Fentanyl &#8216;Is An Issue In Your Country&#8217; </h3>



&#8220;For humanitarian reasons, we have consistently expressed Mexico&#8217;s commitment to preventing the continuation of the <a href="https://www.benzinga.com/general/health-care/24/11/42146502/us-overdose-deaths-decline-as-fentanyl-potency-weakens-harm-reduction-expands">fentanyl epidemic</a> in the United States, which, moreover, is an issue of consumption and public health in your country,&#8221; Sheinbaum says in the letter, which she read during her usual morning conferences. 



Sheinbaum detailed Mexico's recent measures, including enforcement actions by the armed forces and prosecutors. According to the data she shared, in 2024 alone, authorities seized large quantities of &#8220;various drugs&#8221;, confiscated over 10,340 firearms, and arrested more than 15,640 individuals for drug-related violence.



Furthermore, she noted Mexico&#8217;s legislative progress toward stricter penalties.



Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.



<h3 class="wp-block-heading">Not Us</h3>



Sheinbaum called attention to the illicit flow of chemical precursors from Asia, which enter North America through Canada, the U.S., and Mexico. 



She stressed that addressing this issue requires international collaboration: &#8220;It is publicly known that these precursors are smuggled into North America. This makes global cooperation imperative.&#8221;



The president juxtaposed the flow of drugs with the southbound<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42166673/drug-cartels-use-tether-and-bitcoin-to-launder-millions-court-documents-reveal"> illegal trafficking</a> of <a href="https://www.benzinga.com/topic/guns">firearms</a> from the U.S. into Mexico. 



She cited stark statistics: 70% of illegal weapons seized in Mexico originate in the U.S., fueling violence. 



&#8220;The synthetic drugs are not consumed by us, and the weapons are not produced here. Yet, we bear the brunt of the deaths caused by organized crime in response to the demand for drugs in your country.&#8221;



Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/11/42069004/how-trumps-election-could-revolutionize-cannabis-and-cryptocurrency-ceo-says">How Trump&#8217;s Election Could Revolutionize Cannabis And Cryptocurrency, CEO Says</a>



<h3 class="wp-block-heading">&#8216;Reciprocal Understanding And Cooperation&#8217;</h3>



Sheinbaum rejected the efficacy of punitive tariffs in addressing these challenges. 



Instead, she urged for &#8220;reciprocal understanding and cooperation&#8221; between the two nations. 



She noted that mutual economic ties, especially in industries like automotive manufacturing, <a href="https://www.benzinga.com/news/global/24/11/42198583/will-trump-lead-us-into-trade-war-with-mexico-president-claudia-sheinbaum-rebukes-threats">would suffer</a> under an antagonistic approach, leading to inflation and job losses on both sides of the border, and posed that both Mexico and the U.S. should work together on a mobility program instead of reinforcing the borders. 



&#8220;I am convinced that North America's economic strength lies in preserving our commercial partnership. Dialogue is the best path toward understanding, peace, and prosperity for our nations,&#8221; she added.



<ul>
<li>Read Next:<a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42202496/goldman-sachs-expects-major-selloffs-in-canadian-dollar-mexican-peso-says-trump-tariffs-threaten-usmca-agreement"> Goldman Sachs Expects Major Selloffs In Canadian Dollar, Mexican Peso, Says Trump Tariffs Threaten USMCA Agreement</a></li>
</ul>



Translations in this article were made by Rolando García



Cover: Shutterstock.

Cannabis

Government

Mexico President Claudia Sheinbaum To Trump: 'Neither Threats Nor Tariffs' Will Solve Your Fentanyl Crisis

The cryptocurrency <a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">XRP Token</a> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) from Ripple has soared in price over the last week, with optimism coming from an XRP exchange-traded fund and news that Ripple will invest in a newly rebranded <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220218/ripple-to-invest-in-rebranded-xrp-exchange-traded-product-by-bitwise">Physical XRP ETP.</a>



While Ripple has hit new 52-week highs, the cryptocurrency remains down from all-time highs.



What Happened: Asset manager WisdomTree recently filed to establish a trust that could lead to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42170669/wisdomtree-files-for-xrp-etf-trust-report">launch of an XRP ETF.</a>



This move follows others like Bitwise who have already filed to launch similar ETFs. On Wednesday, Ripple announced it would invest in the new rebranded Bitwise Physical XRP ETP.



&#8220;Global demand for exposure to the crypto asset class has exploded in 2024,&#8221; Ripple CEO Brad Garlinghouse said in a&nbsp;<a href="https://www.globenewswire.com/news-release/2024/11/27/2987978/0/en/Bitwise-Rebrands-XRP-ETP-Ripple-To-Invest-in-Product.html" target="_blank" rel="noreferrer noopener">statement</a>. &#8220;XRP is at the forefront of this momentum, standing out as a cornerstone for those seeking access to assets that are resilient and have real-world utility.&#8221;



Bitwise CEO Hunter Horsley said XRP's utility and reliability are among the reasons investors are excited about XRP.



&#8220;XRP and the XRP Ledger are among the most familiar and trusted blockchains in crypto," Horsley said.



With Bitcoin and Ethereum ETFs already approved, cryptocurrency experts see ETFs based on other top 10 cryptos by market capitalization like Solana, Dogecoin and XRP as the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42011875/solana-ripple-litecoin-etfs-may-be-on-the-table-under-trump-administration-industry-experts-think" target="_blank" rel="noreferrer noopener">next to be approved.</a>



The XRP token has gone through many wild swings over the years, with a case brought on by the SEC alleging XRP to be a security, sending the price and interest in the cryptocurrency down. A landmark court ruling that said XRP was not a security helped bring the cryptocurrency&#8217;s price back up.



While XRP has risen in value in recent months, the cryptocurrency remains down from all-time highs.



Read Also: <a href="https://www.benzinga.com/general/education/24/11/42173824/if-you-invested-1000-in-xrp-token-when-sec-lawsuit-caused-mass-panic-heres-how-much-youd-have-today">If You Invested $1,000 In XRP Token When SEC Lawsuit Caused Mass Panic, Here&#8217;s How Much You&#8217;d Have Today</a>



Investing $100 in XRP Today: XRP trades at $1.51 at the time of writing, up 9% over the last 24 hours.



A $100 investment today could purchase 66.2252 XRP.



XRP hit an all-time high of $3.84 on June 4, 2018.



If XRP returns to its 2018 all-time high of $3.84, the $100 investment would be worth $254.30. This represents a potential gain of 154.3%.



There is no guarantee that the XRP Token will return to its all-time highs.



The hypothetical investment shows that a small investment could gain over time if the cryptocurrency market returns to its high mark.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41908812/if-you-invested-100-in-dogecoin-when-the-meme-coin-launched-heres-how-much-youd-have-today">If You Invested $100 In Dogecoin When The Meme Coin Launched, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>



This article was previously published by Benzinga and has been updated.



Photo: Shutterstock

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Here's How Much $100 Invested In XRP Token Today Will Be Worth If Crypto Returns To All-Time Highs

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