Latest news for Allied Gold (OTC:AAUCF) Stock

Allied Gold Corp is a company focused on gold mining activities in Africa. Allied has three mines and several development and exploration projects in Africa where it has operating experience. Operations are located in Cote d'Ivoire, Mali, and Ethiopia. The company expands and optimizes initiatives at existing operating mines, the development of new mines, the advancement of its exploration properties, and, targeting other consolidation opportunities with a focus on Africa.

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Allied Gold has reached a preliminary agreement with Mali for a 10-year permit on the Sadiola gold mine and permission to exploit the nearby Diba deposit. The country&#39;s recent overhaul of mining laws aims for higher state revenues. Allied&#39;s plans to expand the mine could make it a top-tier, low-cost producer, but ongoing conflicts and geopolitical risks make it a riskier investment.

Allied Gold Announces An Agreement With Malian Junta, Shares Dip

Allied Gold Corp

Two years after launching the <a href="https://www.benzinga.com/topic/war-on-drugs">War on Drugs</a>, calling substance use &#8220;public enemy No. 1,&#8221; President Richard Nixon privately acknowledged marijuana was "not particularly dangerous." The admission came during a March 1973 Oval Office meeting with aides and was captured on Nixon&#8217;s secret recording system.
"Let me say, I know nothing about marijuana," Nixon said. "I know that it's not particularly dangerous, in other words, and most of the kids are for legalizing it. But on the other hand, it's the wrong signal at this time." He also mentioned harsh sentencing in cannabis cases. "The penalties should be commensurate with the crime." He called a 30-year sentence for marijuana-related offenses "ridiculous."
These comments were revealed in a series of tapes that have recently become accessible.
Kurtis Hanna, a Minnesota lobbyist and advocate for drug legalization, discovered the recordings while browsing the Nixon Library's archives. Hanna said he was surprised by Nixon's stance on cannabis, as it contradicted the public policies he spearheaded. "He was essentially saying the exact opposite of what I understood him to believe," said Hanna who shared his findings with <a href="https://www.nytimes.com/2024/09/14/us/nixon-marijuana-tapes.html">The New York Times</a>, which published them on Saturday.
Nixon's private remarks present a startling contrast to his administration's public policies that are still in effect, including the <a href="https://www.benzinga.com/markets/cannabis/24/02/36916329/is-marijuana-a-controlled-substance-wait-what-is-a-controlled-substance">Controlled Substances Act</a> of 1970, which established a classification system for drugs. Marijuana was placed in Schedule I, the most restrictive category, alongside heroin and LSD and it remains there to this day.
<h2 class="wp-block-heading">Enter The DEA</h2>
This classification has contributed to millions of marijuana-related arrests, disproportionately impacting Black communities. It has also stymied scientific research into cannabis's potential medical benefits. To carry out his war on drugs, Nixon created the DEA in 1973. Now, <a href="https://www.benzinga.com/markets/cannabis/23/07/33156524/dea-turns-50-unveiling-the-ineffectiveness-of-the-ongoing-war-on-drugs-now-what">fifty-one years and over $1 trillion dollars later</a>, the war on drugs is still ineffectual though it has claimed thousands of victims.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40586896/dea-can-still-make-cannabis-arrests-in-legal-weed-states-like-ohio-but-its-not-our-goal">DEA Can Still Make Cannabis Arrests In Legal Weed States Like Ohio, But It&#8217;s Not &#8216;Our Goal&#8217;</a>
<h2 class="wp-block-heading">War On Drugs: John Ehrlichman</h2>
In a 2016 Harper's Magazine <a href="https://harpers.org/archive/2016/04/legalize-it-all/">article</a>, Dan Baum provided more details on drug prohibition and how it became a national obsession under Nixon.
Baum asked Nixon's top advisor, John Ehrlichman in 1994 how the U.S. got&nbsp;entangled in a drug prohibition policy that &#8220;yielded so much misery and so few good results."
"The Nixon campaign in 1968, and the Nixon White House after that, had two enemies: the antiwar left and Black people,&#8221; replied Ehrlichman who died in 1999. 
&#8220;We knew we couldn't make it illegal to be either against the war or blacks, but by getting the public to associate the hippies with marijuana and blacks with heroin, and then criminalizing both heavily, we could disrupt those communities," Ehrlichman&nbsp;admitted.&nbsp;"We could arrest their leaders, raid their homes, break up their meetings, and vilify them night after night on the evening news. Did we know we were lying about the drugs? Of course, we did."
On August 9, 1974, Nixon <a href="https://www.benzinga.com/general/education/19/08/12164014/this-day-in-market-history-richard-nixon-announces-resignation-1">resigned as president</a> due to <a href="https://www.history.com/topics/us-government/impeachment-in-us-history">impeachment proceedings</a> underway against him for his involvement in the Watergate affair. On April 22, 1994, Nixon died at 81.
Now Read:
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<li><a href="https://www.benzinga.com/markets/cannabis/23/07/33156524/dea-turns-50-unveiling-the-ineffectiveness-of-the-ongoing-war-on-drugs-now-what">$1 Trillion And 50 Years Later, Is The DEA&#8217;s War On Drugs A Failure?</a></li>
</ul>
Photo: Brittanica

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Richard Nixon Secretly Admitted Marijuana Is 'Not Particularly Dangerous,' New Tapes Reveal

Billionaire investor, &#8220;Shark Tank&#8221; star and Kamala Harris supporter Mark Cuban recently took to social media to question <a href="https://www.benzinga.com/real-estate/24/08/40666407/what-stocks-does-donald-trump-own-new-financial-disclosure-revealed">former President Donald Trump&#8217;s track record of investing</a> in startups outside his family businesses. In a series of <a href="https://x.com/mcuban/status/1832810050555150497">posts on X</a> (formerly known as Twitter), Cuban challenged Trump supporters with a pointed question:
&#8220;For all Trump supporters. A question. Which startups has Donald Trump ever invested in that didn&#8217;t involve a family member?&#8221; Cuban wrote.
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Cuban&#8217;s question was about more than money; he said it says much about Trump&#8217;s personality. Responding to another user who questioned the basis of his claim, Cuban noted that as a presidential candidate, Trump must file financial disclosures with the Federal Election Commission (FEC). Cuban mentioned that he couldn't find evidence of Trump investing in nonfamily businesses.
&#8220;You would think there would be companies he has invested in that would have said something somewhere, wouldn&#8217;t they? I can&#8217;t find any. But rather than assume they don&#8217;t exist, I asked the question,&#8221; Cuban explained.
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/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
He also remarked that every wealthy person he knows, except for Donald J. Trump, has made efforts to help others.
A spokesperson for the Trump campaign responded to Business Insider about Cuban's comments, pointing out Trump&#8217;s accomplishments as a businessman and entertainer. He said that Trump is a self-made, successful businessman who played a key role in shaping and transforming <a href="https://www.benzinga.com/news/24/04/38184282/peek-inside-trumps-opulent-lifestyle-the-10-most-lavish-assets-he-owns">New York&#8217;s iconic skyline</a>.
&#8220;His other ventures also include creating and starring in one of the most-watched television shows in history – much more successful than &#8216;Shark Tank&#8217; – and becoming the 45th President of the United States.&#8221;
Trending: This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a>
<h2 class="wp-block-heading">From Supporter To Critic</h2>
Though Mark Cuban has reservations about Trump&#8217;s investing decisions, it's important to remember that many of Trump's followers view him as a <a href="https://www.benzinga.com/startups/24/09/40669224/67-of-investors-say-trump-is-better-for-stocks-than-biden-but-market-predictions-are-all-over-the-ma">successful businessman</a> who has established a powerful global brand. His image as a self-made entrepreneur was partly shaped by his real estate endeavors and the popular TV program, The Apprentice.
Cuban has admitted that <a href="https://www.benzinga.com/news/24/08/40245729/mark-cuban-whos-backing-kamala-harris-in-2024-presidential-race-says-he-supported-trump-earlier-here">he initially supported Trump</a> during his first presidential campaign, appreciating that he wasn&#8217;t a typical politician.
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&#8220;I was like, he&#8217;s great; he&#8217;s not a typical Stepford candidate. I thought that was a positive,&#8221; Cuban shared in an interview with Republican presidential candidate Vivek Ramaswamy. &#8220;But then I got to know him.&#8221;
Cuban cited various controversies surrounding Trump, such as Trump University and Trump SoHo, as reasons for his change of heart.
&#8220;He was unethical then, and he&#8217;s still unethical,&#8221; Cuban asserted.
As the election season heats up, such debates are likely to continue, with figures like Cuban using their platforms to raise questions about the character and actions of those seeking public office.
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<li>Unlock a $400 billion opportunity by investing in the future of EV infrastructure on<a href="https://www.benzinga.com/money/dunamis-1"> this startup already valued at $50 million.</a></li>
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Mark Cuban Calls Out Trump's Investment Record: 'Which Startups Has Trump Ever Invested In That Didn't Involve A Family Member?'

Crypto analyst Michaël van de Poppe has forecast that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could potentially skyrocket by a staggering 890% in the current cycle, reaching a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39565057/bitcoin-may-face-another-correction-dropping-to-55-000-predicts-crypto-analyst">value between $300,000 and $600,000</a>.
What Happened: Van de Poppe shared his optimistic prediction with his 724,700 followers on social media platform X. 
He expressed his belief that Bitcoin&#8217;s current market value is significantly underpriced and could witness a substantial surge if investors consider the digital asset as a safe haven against geopolitical uncertainties, banking instability, and currency debasement.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This explains it all. The current valuation of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is still super low. I wouldn't be surprised with $300,000-600,000 this cycle. <a href="https://t.co/5GUaBPMZ6A">https://t.co/5GUaBPMZ6A</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1834287850893799702?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
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Van de Poppe also pointed out a potential breakout in the TOTAL3 chart, which monitors the market capitalization of all crypto assets excluding Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and stablecoins. He observed a bullish divergence on the weekly time frame with the relative strength index (RSI), indicating a possible reversal could be on the horizon.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39022983/is-bitcoin-really-out-of-the-danger-zone-crypto-analyst-predicts-potential-dip">Is Bitcoin Really Out Of The Danger Zone? Crypto Analyst Predicts Potential Dip</a>
A breakout in the TOTAL3/BTC ratio would suggest that the broader altcoin market is outperforming Bitcoin.
At the time of writing, Bitcoin was trading at $60,013.74, up by almost 10% in the last seven days. &nbsp;&nbsp;
Why It Matters: Van de Poppe&#8217;s prediction, if realized, could signify a monumental shift in the crypto market. Bitcoin&#8217;s potential surge could attract a new wave of investors, further solidifying its position as a leading digital asset. 
Additionally, a breakout in the TOTAL3/BTC ratio could indicate a growing interest in altcoins, potentially leading to a more diversified crypto market.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39447328/anthony-scaramucci-says-crypto-will-soar-if-this-presidential-candidate-wins-the-election-">Anthony Scaramucci Says Crypto Will Soar If This Presidential Candidate Wins The Election: &#8216;I Think We&#8217;ll See All-Time Highs For Bitcoin And Other Assets&#8217;</a>
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.

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

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Michaël Van De Poppe Predicts Massive Bitcoin Surge, Says Price May Soar By 890%

A mother has chosen to sell the Taylor Swift concert tickets she had bought as a birthday present for her daughter in response to the pop star&#8217;s recent endorsement <a href="https://www.benzinga.com/general/entertainment/23/10/35256829/taylor-swifts-eras-tour-projected-to-rake-in-absurd-amount-and-rank-her-above-these-notable">of Democratic nominee Kamala Harris</a> for president.
What Happened: The mother had initially purchased the tickets for her daughter&#8217;s 13th birthday celebration. The tickets were for Swift&#8217;s Eras Tour in Toronto. However, following Swift&#8217;s public endorsement of Harris, the mother expressed her disapproval in a video that quickly went viral.
In the video, the mother criticized Swift&#8217;s political leanings, accusing her of having &#8220;non-Christian beliefs.&#8221; She also voiced her support for Donald Trump, asserting that he was &#8220;the right guy for the job.&#8221;
In the video, the mother stated, &#8220;So with that, I&#8217;m gonna shake it off, and I&#8217;m done with you.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This concern mother has three tickets to the Taylor Swift concert in Toronto on November 15th. It was a special gift for her daughter who turns 13 that day. Her daughter has been a Taylor Swift fan forever, but because of Taylor's endorsement of Kamala, she now has those… <a href="https://t.co/frZxCUNm3Y">pic.twitter.com/frZxCUNm3Y</a>
&mdash; ꪻꫝể ꪻꫝể (@TheThe1776) <a href="https://twitter.com/TheThe1776/status/1834083790710603952?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
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"My tickets are now up for sale because I don't want to spend another dollar supporting you and your private planes and your non-Christian beliefs," the mother said.
Also Read: <a href="https://www.benzinga.com/general/entertainment/24/02/36923441/a-dream-weekend-with-taylor-swift-and-travis-kelce-comes-with-a-hefty-price-tag-heres-how-m">A Dream Weekend With Taylor Swift And Travis Kelce Comes With A Hefty Price Tag — Here&#8217;s How Much You&#8217;d Need To See Both In Action</a>
Swift had recently expressed her support for Harris via an Instagram post after a debate, which resulted in a surge of traffic to vote.gov. However, the mother felt that Swift&#8217;s post demonstrated a lack of &#8220;an open mind.&#8221;
"Donald Trump is the right guy for the job. If the economy of the United States suffers, the whole world suffers, Taylor, and if the whole suffers, there goes your job, your career, because nobody's gonna be able to afford going to your concert," she added in the video.
Why It Matters: This incident underscores the impact of celebrity endorsements on their fan base. Swift&#8217;s political stance has clearly influenced this mother&#8217;s perception of her, leading to a personal protest against the singer. 
It also highlights the potential for social media platforms like Instagram to drive political engagement, as evidenced by the increased traffic to vote.gov following Swift&#8217;s post. 
However, it also raises questions about the expectations fans have of their idols and the extent to which celebrities should express their political beliefs.
Read Next
<a href="https://www.benzinga.com/general/entertainment/23/05/32500976/a-father-paid-21-000-for-his-daughter-to-see-taylor-swift-after-he-didnt-receive-his-initia" target="_blank" rel="noreferrer noopener">A Father Paid $21,000 For His Daughter To See Taylor Swift After He Didn&#8217;t Receive His Initial $1,900 Tickets</a>
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.

Entertainment

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Mother Sells Taylor Swift Tickets Over Star's Endorsement Of Kamala Harris: 'I'm Gonna Shake It Off, And I'm Done With You'

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Summit Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares rocketed 98.32% after the company announced it raised <a href="https://www.benzinga.com//node/40833208" target="_blank" rel="noreferrer noopener">$235 million in net proceeds</a>.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) stock gained 31.77% in the last week after GSK halted development of the Herpes Simplex Virus Vaccine, clearing the path for other contenders like Moderna and BioNTech.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock jumped 28.38% as several analysts raised<a href="https://www.benzinga.com/quote/app/analyst-ratings" target="_blank" rel="noreferrer noopener"> the price target on the stock</a>.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock escalated 21.37%. The stock possibly jumped amid sympathy with Petco Health and Wellness Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) after the company <a href="https://www.benzinga.com//node/40822147" target="_blank" rel="noreferrer noopener">reported financial results</a>.</li>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) shares increased 20.81%. The stock may be up amid a <a href="https://www.benzinga.com//node/40852990" target="_blank" rel="noreferrer noopener">rebound in some chip stocks</a>.</li>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares gained 20.50% after Raymond James initiated coverage on the stock with an Outperform rating and announced <a href="https://www.benzinga.com/quote/arm/analyst-ratings" target="_blank" rel="noreferrer noopener">a $160 price target</a>.</li>
<li>MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock upped 18.74% after the company announced purchasing 18,300 bitcoins (CRYPTO: BTC/USD).</li>
<li>Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>) shares increased 17.14% after the company announced it completed a Preliminary Economic <a href="https://www.benzinga.com//node/40788842" target="_blank" rel="noreferrer noopener">Assessment for the Great Bear project</a>.</li>
<li>Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) stock gained 17.10% in the last week on continued strength after a recently announced multi-year partnership with Charter to integrate linear video and streaming services to enhance flexibility and value in video bundles.</li>
<li>Vertiv Holdings, LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) stock upped 17.02%.</li>
</ol>
Image via Chewy

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Chewy, Broadcom And MicroStrategy Are Among Top 10 Large Cap Stock Gainers Last Week (Sep 8-Sep 14): Are The Others In Your Portfolio?

Robert Kiyosaki, the renowned financial educator and the author of the best-selling book Rich Dad, Poor Dad, recently expressed his concerns <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39563506/rich-dad-poor-dad-author-robert-kiyosaki-questions-bitcoin-etfs-authenticity-etfs-are-fake">over the escalating U.S. debt</a>.
What Happened: In a series of posts on X last week, Kiyosaki warned about the growing $35 trillion U.S. debt, calling it &#8220;the real problem&#8221; that &#8220;neither [Donald] Trump nor Kamala [Harris] can solve.&#8221;
He further highlighted that the U.S. debt increases by $1 trillion every 100 days and that interest on this debt is America&#8217;s biggest expense, costing over $1 trillion a year.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">While I want Trump to win… it really makes little difference if Trump or Harris win. The real problem is the $35 trillion in US debthat is the real problem….neither Trump nor Kamala can solve. As stated in earlier tweets the US debt goes up by $1 1trillion every 100 days.…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1834386468296687820?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
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Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40431598/rich-dad-poor-dad-author-robert-kiyosaki-urges-shift-to-bitcoin-amid-economic-uncertainty-">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Urges Shift To Bitcoin Amid Economic Uncertainty: &#8216;Panics In Capital Markets Are Visible, Why Take The Chance&#8217;</a>
Kiyosaki also attempted to illustrate the enormity of one trillion dollars, stating, &#8220;If you spent $1 a minute it would take 31,688 years to spend 1 trillion dollars.&#8221; He concluded his thread by writing, &#8220;The dollar is trash.&#8221;
Why It Matters: Kiyosaki&#8217;s posts on X come amid ongoing debates about the sustainability of U.S. debt. His comments reflect a growing concern among some financial experts about the potential long-term consequences of such high levels of debt.
In his posts, Kiyosaki also advised his followers: &#8220;Stop saving dollars, fake money&#8230;&amp; start saving gold, silver, &amp; Bitcoin&#8230;real money.&#8221; This suggests a belief in the potential of these assets as a hedge against the risks associated with the US dollar and the country&#8217;s debt situation.
While Kiyosaki&#8217;s views are certainly controversial, they highlight important discussions about the future of the US economy and the role of traditional and digital assets within it.
Read Next
<a href="https://www.benzinga.com/news/24/08/40147003/rich-dad-poor-dad-author-robert-kiyosaki-sees-wealth-accumulation-in-market-declines-markets-are-cra" target="_blank" rel="noreferrer noopener">‘Rich Dad Poor Dad' Author Robert Kiyosaki Sees Wealth Accumulation In Market Declines: ‘Markets Are Crashing, Great News, This Is Your Turn To Get Richer'</a>
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.

Robert Kiyosaki Rings Alarm Bells Over Soaring US Debt: 'The Dollar Is Trash'

In the aftermath of the recent presidential debate between Donald Trump and Kamala Harris, a fresh poll suggests that Trump has overtaken <a href="https://www.benzinga.com/news/24/09/40669286/harris-vs-trump-this-candidate-leading-in-numerous-polls-transforming-political-landscape">Harris in the key state of North Carolina</a>.
What Happened: According to the Trafalgar Group <a href="https://www.thetrafalgargroup.org/wp-content/uploads/2024/09/NC-24-General-0913_Report.pdf">poll</a> conducted September 11-12, Trump outperforms Harris 48.4% to 46% among probable voters in North Carolina, which has 16 electoral votes.
The poll infers a potential 2% shift from Harris&#8217; supporters to Trump, notwithstanding his lackluster performance at the Philadelphia debate. 
Among the 1,094 respondents, the majority selected Trump when questioned who they would vote for &#8220;if the presidential election were held today.&#8221;
Just 3.1% of voters were still undecided, while 2.4% opted for candidates other than Trump or Harris. The majority of the participants were white females, with approximately 34% identifying as a race other than white. The number of women participants was about 10% higher.
Also Read: <a href="https://www.benzinga.com/news/24/09/40866884/trump-vs-harris-tense-standoff-in-nail-biter-polls">Trump Vs. Harris: Tense Standoff In Nail-Biter Polls</a>
The poll also indicated a relatively even divide along party lines, with 35.2% identifying as Republican and 33.1% as Democrat.
Earlier polls, such as the August Survey USA poll from High Point University, had Harris slightly ahead in North Carolina. The FiveThirtyEight polling average for the state also has Harris leading by a thin margin.
Read Also
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<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades?utm_source=BZprocontent091524" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It Matters: This latest poll suggests a shift in voter sentiment in North Carolina, a crucial battleground state. Despite Trump&#8217;s underwhelming debate performance, he appears to have gained ground, potentially indicating a shift in voter priorities or perceptions of the candidates. 
The slim lead Harris held in previous polls seems to have evaporated, adding uncertainty to the race. This development underscores the fluid nature of the electoral landscape and the potential for further shifts as the election approaches.
Read Next
<a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Polls Reveal This Candidate Is Outperforming In Swing States</a>
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.

Trump Vs Harris: New Poll Reveals Post-Debate Swing Towards This Candidate In Key State

As the Federal Reserve prepares <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40855247/fed-rate-cuts-and-s-p-500-the-why-matters-most-data-shows">to cut interest rates</a>, Americans will need to adjust their bond and income portfolios to capitalize on current yields and protect against future market shifts. This means advisors and wealth managers need to reassess their fixed-income strategies.
Recent economic data on employment and inflation has reinforced expectations of imminent rate cuts. The benchmark 10-Year Treasury Note has already reacted, with its yield dropping to 3.7% from a 2024 high of 4.7% in April. In response, advisors are taking varied approaches to portfolio management, according to <a href="https://www.investmentnews.com/fixed-income/financial-advisors-tweaking-bond-portfolios-as-rate-cuts-approach/257146">InvestmentNews</a>.
Eric Amzalag of Peak Financial Planning has been progressively adding bond exposure over the past year and plans to increase allocation to long-duration U.S. government bonds. However, he&#8217;s waiting for 10-Year Treasury yields to bounce back to 3.9-4% before fully implementing this strategy.
Meanwhile, Daniel Lash of VLP Financial Advisors has gradually shifted from shorter to more intermediate-term duration over the past two years. He&#8217;s cautious about moving to long-term duration, citing inadequate risk-reward trade-offs at present.
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40857676/what-changed-federal-reserve-may-take-a-bigger-50-basis-points-rate-cut-bite-next-week-mar"> &#8216;What Changed?&#8217; — Federal Reserve May Take A Bigger 50 Basis Points Rate Cut Bite Next Week, Market Odds Imply</a>
Mabrouk Chetouane from Natixis Investment Managers emphasizes the protective role of bonds against potential equity market downturns. And Ed Al-Hussainy of Columbia Threadneedle Investments notes that current yield levels offer income opportunities unseen in a decade, highlighting potential in agency MBS and asset-backed securities.
Of course, what the Fed will ultimately do remains to be seen. Will Sterling of TritonPoint Wealth believes market participants are too aggressive in their rate cut expectations, anticipating 250 basis points of cuts over the next 12 months.
Finally, Brandon Ross of Quotient Wealth Partners is reducing credit risk by trimming high-yield exposure and adding quality investments. He&#8217;s also incorporating active managers for fundamental analysis to identify undervalued, higher-quality bonds.
As the Fed approaches its first rate cut, advisors are balancing duration strategies to benefit from potential rate decreases while maintaining flexibility to respond to market volatility. This calculated approach aims to optimize client portfolios in an evolving economic landscape, blending protection with opportunistic positioning.
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Image via Shutterstock

Financial Advisors

Education

General

Advisors Brace For Fed Rate Cuts: Shifting Bond Strategies To Balance Yield And Risk

Donald Trump has announced the launch of his decentralized finance (DeFi) crypto project, World Liberty Financial, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40429919/trumps-crypto-reversal-ex-president-reportedly-holds-more-than-1m-in-digital-assets">slated for Monday</a>.
What Happened: Trump revealed the launch date of his DeFi platform in a video update on social media platform X. The platform is designed to aid those who are underserved by the traditional banking system.
Trump invited the public to join him live on X Spaces for the project&#8217;s launch, emphasizing the project&#8217;s commitment to the future of crypto and the need to move away from the &#8220;slow and outdated big banks.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/worldlibertyfi?ref_src=twsrc%5Etfw">@WorldLibertyFi</a> <a href="https://t.co/rHEGQXl4jL">pic.twitter.com/rHEGQXl4jL</a>
&mdash; Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1834311432982135015?ref_src=twsrc%5Etfw">September 12, 2024</a></blockquote>
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"Join me live on Twitter Spaces at 8pm, September 16th, for the launch of World Liberty Financial. We're embracing the future with crypto and leaving the slow and outdated big banks behind," Trump said in the post. 
World Liberty Financial issued a statement earlier this month highlighting its mission to promote stablecoins pegged to the US dollar and the concept of decentralized finance globally.
The project views stablecoins as the foundation of DeFi and aims to ensure that US dollar-pegged digital assets continue to be the global settlement layer for DeFi protocols.
"Our mission is crystal clear: make crypto and America great by driving the mass adoption of stablecoins and decentralized finance. We believe that DeFi is the future, and we're committed to making it accessible and secure for everyone,&#8221; Trump added in the post. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40760191/trump-brothers-cryptocurrency-start-up-rattles-fathers-crypto-allies-this-is-a-huge-mistak">Trump Brothers&#8217; Cryptocurrency Start-Up Rattles Father&#8217;s Crypto Allies: &#8216;This Is A Huge Mistake&#8217;</a>
&#8220;By spreading U.S.-pegged stablecoins around the world, we ensure that the US dollar's dominance continues, securing America's financial leadership and influence on the global stage," he said. 
The project is working closely with cybersecurity firms and the prominent DeFi platform Aave (AAVE) to achieve its goals. Trump first announced the project in August, under the name The DeFiant Ones.
Why It Matters: The launch of World Liberty Financial marks a significant step in the integration of crypto into mainstream financial systems. With its focus on stablecoins and DeFi, the project aims to provide an alternative to traditional banking, particularly for those marginalized by the current system. 
The collaboration with Aave, a leading player in the DeFi space, further underscores the project&#8217;s commitment to leveraging blockchain technology for financial inclusivity. 
This move by Trump could potentially influence other high-profile individuals to explore and invest in the crypto and DeFi space, thereby driving its growth and adoption.
Read Next
<a href="https://www.benzinga.com/24/09/40668757/trump-vs-harris-majority-of-us-crypto-owners-support-this-candidate" target="_blank" rel="noreferrer noopener">Trump Vs Harris: Majority Of US Crypto Owners Support This Candidate</a>
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.

Donald Trump Dives Into New Crypto Project: 'Let's Make Crypto And America Great By Driving Mass Adoption Of Stablecoins'

Former President Donald Trump has leveled accusations of election fraud against the Democratic Party and <a href="https://www.benzinga.com/news/24/08/40303946/kamala-harris-and-donald-trump-clash-over-federal-reserves-autonomy">has hinted at potential legal action</a>.
What Happened: Trump, in a post on Truth Social, alleged that the Democrats engaged in rampant cheating during the 2020 Presidential Election. 
He stated that he, along with a team of attorneys and legal scholars, is keeping a close eye on the upcoming 2024 presidential election. He warned that any individuals involved in &#8220;unscrupulous behavior&#8221; will face prosecution to the fullest extent of the law.
The former president&#8217;s post also mentioned that the 2024 election, where votes have just started being cast, will be under the closest professional scrutiny. He added that those found guilty of cheating will face long-term prison sentences to prevent such &#8220;depravity of justice&#8221; from recurring.
However, Mary Trump, the former president&#8217;s niece, refuted these allegations. In her recent Substack <a href="https://www.marytrump.org/p/cheating-as-a-way-of-life?publication_id=559646&amp;utm_campaign=email-post-title&amp;r=2je4vo&amp;utm_medium=email">post</a>, She stated that the only individuals caught cheating in the last presidential election were a few old white Republicans and Trump himself. She also criticized the mainstream media for not covering these allegations and threats made by Trump.
&#8220;It's always projection with my uncle, and that is never more true than when he's in the process of trying to pre-rig an upcoming election (which he did in both 2016, with Russian help, and in 2020, with the complicity of the Republican Party),&#8221; she said in the post. 
Also Read: <a href="https://www.benzinga.com/news/24/09/40867372/mary-trump-says-donald-trump-remains-thin-skinned-bully-and-thats-what-makes-him-dangerous">Mary Trump Says &#8216;Donald Trump Remains Thin-Skinned Bully And That&#8217;s What Makes Him Dangerous&#8217;</a>
She further suggested that Trump&#8217;s real aim is not to win the election outright but to keep it close enough so he can manipulate the results by having his allies in the House of Representatives and the Supreme Court throw the election in his favor.
Mary Trump also said, &#8220;This election is too important to for us to rely on outlets that continue, against all evidence to the contrary, to normalize a deeply unwell traitor just so they can preserve the horse race of it all.&#8221;
&#8220;For Donald's part, he's not really trying to win anyway. He knows that he just needs to keep it close enough so he can cheat by having his friends in the House of Representatives and the Supreme Court throw the election to him. We need to do everything we can to prevent that from happening,&#8221; she said. 
&#8220;The first is that he is a cruel man who delights in inciting violence against anyone who is either a member of a marginalized, at-risk group or somebody who doesn't support him. Also, if he believes, as seems apparent, that the only way for him to win is to attack those his base hates, he will do it,&#8221; Mary Trump added in her post. 
Read Now: <a href="https://www.benzinga.com/news/24/08/40429962/mary-trump-donalds-narcissistic-injury-is-so-great-that-he-has-essentially-stopped-campaigning" target="_blank" rel="noreferrer noopener">Mary Trump: ‘Donald's Narcissistic Injury Is So Great That He Has Essentially Stopped Campaigning'</a>
Why It Matters: The accusations and threats made by Trump have stirred up controversy and have the potential to impact the upcoming 2024 Presidential Election. The allegations of election fraud, if proven true, could significantly undermine public trust in the electoral process. 
Conversely, if these allegations are found to be baseless, they could further damage Trump&#8217;s credibility and influence over his supporters. 
The scrutiny of the 2024 Election, as mentioned by Trump, could also lead to increased tension and uncertainty in the lead-up to the election. 
The reactions and counter-allegations by Mary L Trump add another layer of complexity to this unfolding situation.
Read Next:
<a href="https://www.benzinga.com/news/24/07/39761289/trumps-niece-accuses-him-of-lying-about-involvement-in-controversial-project-2025-my-uncle-likes-to" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Accuses Him Of Lying About Involvement In Controversial Project 2025: ‘My Uncle Likes To Call America a ‘Stupid Country.&#8217; But We&#8217;re Not Nearly As Stupid As He Hopes We Are …</a>
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.

Mary Trump Says Her Uncle Is A 'Deeply Unwell Traitor': 'He Knows He Just Needs To Keep It Close Enough So He Can Cheat'

Financial expert Dave Ramsey rents his four-bedroom brick home in Brentwood, Tennessee, for $5,000 per month.
But it won't be all fun and games for the new tenant.<a href="https://www.benzinga.com/general/education/24/05/38665736/forget-moonlighting-here-are-dave-ramseys-5-best-recommendations-for-passive-income"> </a>According to the listing, <a href="https://www.benzinga.com/general/education/24/05/38665736/forget-moonlighting-here-are-dave-ramseys-5-best-recommendations-for-passive-income">Ramsey</a> has some strict rules for his new tenant: "No Pets, No Smoking, No Exceptions. Applicants must have verifiable proof of income no less than 3x the monthly rent for a minimum of two years."
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Located in an affluent suburb of Nashville, the 3,776-square-foot residence will be available to rent beginning in mid-October.
The home offers a luxurious living experience with a large living room, formal dining room, and dedicated exercise space. A private home office is a convenient feature for remote workers.
The property has been updated with new light fixtures, carpeting, paint and a modern front door. The primary bedroom downstairs includes a heated tile bathroom floor. Outside, a large screened-in patio, big lawn and three-car garage complete the package.
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/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
While many people advocate for buying a home, Ramsey says<a href="https://www.benzinga.com/personal-finance/24/03/37671570/cant-afford-to-buy-a-home-dave-ramsey-has-some-suggestions"> renting is a good option</a> for some people.
In a post on X in May, he wrote, "Renting is NOT a waste of money. Just because a mortgage payment might be less than rent doesn't mean it's the right time for you to buy a house."
In the post, Ramsey notes that homeownership comes with many other expenses, including maintenance, homeowners association fees, homeowners insurance, and repair or replacement of the house's systems or appliances.
Trending: Mark Cuban believes &#8220;the next wave of revenue generation is around real estate and entertainment&#8221; —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> this new real estate fund allows you to get started with just $100.</a>
"When the home is yours, all of those expenses are up to you. When you're renting, you're free from that added financial responsibility," Ramsey wrote. "Trust me, ‘house poor' isn't something you want to be. Until you're actually ready to buy, renting is never a waste of money."
This isn't Ramsey's first venture in Tennessee. In 2021, he listed his 13,517-square-foot French château in Franklin for $15.45 million. The property sold later that year for $10.2 million.
See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends<a href="https://www.benzinga.com/money/arrived-private-credit-fund"> would you invest in it</a>?
Ramsey, 64, began his career as a young entrepreneur mowing lawns and later became a real estate broker. He graduated from the University of Tennessee at Knoxville.
After struggling with debt, Ramsey launched a financial radio program in 1992. He is now the host of "The Ramsey Show" and the author of several books, including the bestselling "The Total Money Makeover." Ramsey Solutions, his website, offers advice on various personal finance topics, from real estate to managing debt.
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<li>Commercial real estate has historically outperformed the stock market, and<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
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Real Estate

Dave Ramsey's Tennessee Mansion For Rent – What Is His Stance On The Rent Vs. Buy Debate?

On Saturday, Elon Musk voiced his concerns regarding the <a href="https://www.benzinga.com/news/24/07/39999410/what-a-second-trump-presidency-would-mean-for-elon-musk-and-his-many-ventures">U.S. government&#8217;s fiscal approach</a>.
What Happened: Musk took to X to express his concerns about the U.S. government&#8217;s fiscal policy and criticized the government&#8217;s overspending, stating that it&#8217;s leading to bankruptcy and inflation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Extreme government overspending is bankrupting America and causing inflation <a href="https://t.co/TJkavJs4yP">https://t.co/TJkavJs4yP</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1834901913357500617?ref_src=twsrc%5Etfw">September 14, 2024</a></blockquote>
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Musk&#8217;s comments were in response to a tweet by James Lavish, who highlighted the U.S. government&#8217;s spending in August. According to Lavish, the government collected $307 billion in taxes and fees but spent $687 billion, resulting in a deficit of $380 billion.
Also Read: <a href="https://www.benzinga.com/news/24/09/40761472/could-elon-musk-lead-doge-if-donald-trump-returns-to-the-white-house">Could Elon Musk Lead &#8216;DOGE&#8217; If Donald Trump Returns To The White House?</a>
Why It Matters: Musk&#8217;s criticism comes at a time when concerns about inflation and government spending are growing. The U.S. government&#8217;s deficit spending has been a contentious issue, with critics arguing that it could lead to long-term economic problems, including inflation and bankruptcy.
While Musk did not provide a solution to the issue, his comments highlight the growing concern among business leaders about the government&#8217;s fiscal policy. 
His tweet has sparked a conversation about the need for fiscal responsibility and the potential consequences of overspending.
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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.

Musk Criticizes Government's Fiscal Policy, Says 'Extreme Government Overspending Is Bankrupting America'

The past weekend was packed with significant developments in the world of cryptocurrencies. From the controversial remarks of JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon on Bitcoin to the political implications of the upcoming U.S. elections on crypto, and the Trump family&#8217;s foray into DeFi, the crypto sphere was anything but dull. Here&#8217;s a recap of the top stories.
Jamie Dimon&#8217;s Bitcoin Comments Seven years ago, Jamie Dimon, CEO of JPMorgan Chase &amp; Co, made headlines for his scathing remarks on Bitcoin, even threatening to fire any JPMorgan trader caught dealing in the cryptocurrency. Fast forward to today, the bank holds positions in ETFs tracking Bitcoin. Quite a turnaround, isn&#8217;t it? <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40828224/jpmorgan-ceo-jamie-dimon-said-hed-fire-in-a-second-anyone-caught-trading-bitcoin-when-it-w">Read the full article here.</a>
Scaramucci&#8217;s Crypto Politics As the 2024 U.S. presidential election looms, Anthony Scaramucci, founder of SkyBridge, offered his insights on the potential impact of the election outcome on the crypto industry. He predicts a more open-minded approach to crypto if Kamala Harris wins the election. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40836362/exclusive-scaramucci-predicts-harris-will-adopt-a-more-open-minded-approach-to-crypto-if-e">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40860777/dogecoin-killer-shiba-inu-burns-11-million-coins-in-a-single-day-a-breakout-may-spark-the-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Burns 11 Million Coins In A Single Day: A Breakout &#8216;May Spark The Next Wave Of An Over 480% Run,&#8217; Trader Says</a>
Trump&#8217;s DeFi Vision The Trump family is gearing up to launch a cryptocurrency project called World Liberty Financial. The announcement, made on Donald Trump&#8217;s social media platform, signals a significant shift from his previous stance on digital currencies. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40853339/donald-trumps-son-barron-is-his-chief-defi-visionary-but-the-real-mastermind-behind-world-">Read the full article here.</a>
Bitcoin&#8217;s Election Impact A Bernstein report suggests that the 2024 election outcome could significantly impact Bitcoin&#8217;s price. A Trump victory could propel Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to $90K, while a Harris win could see Bitcoin retreating to $40K. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40778409/donald-trump-winning-the-election-could-propel-bitcoin-to-90k-but-a-kamala-harris-win-coul">Read the full article here.</a>
Scaramucci&#8217;s Bitcoin Predictions Anthony Scaramucci recently expressed gratitude to Michael Saylor, co-founder of MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), for contributing to his latest book on Bitcoin. Last week, Scaramucci predicted that Bitcoin could touch up to $200K. <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40825182/anthony-scaramucci-said-last-week-bitcoin-could-touch-up-to-200k-now-hes-thanking-living-l">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40859365/ouch-harris-trump-themed-political-meme-coins-down-90-what-happened-to-4-more-years-of-cat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ouch! Harris, Trump-Themed Political Meme Coins Down 90%: What Happened To &#8216;4 More Years Of Catalysts&#8217;?</a>
Image Via Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Jamie Dimon's Bitcoin Comments, Trump's DeFi Vision, Bitcoin's Election Impact And More: Top Crypto Updates This Week

The past week has been a whirlwind of developments in the tech world, with a particular focus on artificial intelligence (AI). From the unveiling of OpenAI&#8216;s new model to NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&#8216;s CEO addressing investor concerns, there&#8217;s a lot to unpack. Let&#8217;s dive in.
OpenAI&#8217;s &#8216;O1&#8217; Model: A Leap Towards Human-Like AI OpenAI, the AI research lab, has launched &#8216;o1&#8217;, a new model that is a significant step towards achieving human-like artificial intelligence. This model outperforms previous models in writing code and solving multi-step problems, albeit at a slower pace and higher cost than the GPT-4o model. OpenAI has also introduced a smaller, more affordable version, &#8216;o1-mini&#8217;. The company plans to offer o1-mini access to all free ChatGPT users but has not set a release date yet.
<a href="https://www.benzinga.com/top-stories/24/09/40842891/openai-unveils-o1-model-a-step-closer-to-human-like-ai-but-not-without-flaws">Read the full article here.</a>
NVIDIA&#8217;s CEO Addresses Investor Concerns Jensen Huang, CEO of NVIDIA Corporation, provided updates on AI demand, Blackwell products, and return on investment during a speech at a Goldman Sachs technology conference. Investors and analysts were encouraged by the update and the timeline of Blackwell.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40837620/nvidia-ceo-jensen-huang-eases-investor-concerns-on-ai-demand-blackwell-timeline-and">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/09/40864744/openais-150b-valuation-hinges-on-whether-sam-altman-led-ai-startup-can-remove-profit-cap-for-investo">OpenAI&#8217;s $150B Valuation Hinges On Whether Sam Altman-Led AI Startup Can Remove Profit Cap For Investors: Report</a>
Google&#8217;s Co-Founder Admits Company Was &#8216;Too Timid&#8217; Sergey Brin, co-founder of 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>), admitted that the tech giant was overly cautious in deploying language models, despite being pioneers in the field. Brin attributed this hesitance to a fear of making mistakes and causing embarrassment.
<a href="https://www.benzinga.com/news/24/09/40848374/google-co-founder-sergey-brin-admits-company-was-too-timid-to-rollout-chatgpt-like-llms-despite-basi">Read the full article here.</a>
OpenAI CEO Faces Backlash Over New Voice Features Sam Altman, CEO of OpenAI, faced backlash from ChatGPT subscribers after he responded to a user's question about new voice features. OpenAI has unveiled a preview of OpenAI o1, a new series of AI models designed to spend more time thinking before responding and can solve more complex tasks than previous models.
<a href="https://www.benzinga.com/news/24/09/40846309/sam-altman-wants-chatgpt-users-to-have-gratitude-for-magic-intelligence-in-the-sky-after-they-ask-ab">Read the full article here.</a>
Nvidia Shares Riding On Huge AI Tailwind Nvidia Corp. shares bounced back following a 14% decline in the week ended Sept. 6. Chris Grisanti, chief equity strategist and portfolio manager at Mai Capital Management, weighed in on the stock trajectory and the artificial intelligence stalwart's valuation. He believes Nvidia shares are trading at a reasonable valuation and isn&#8217;t worried about the impact of a potential economic slowdown or inventory digestion by customers.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40787302/nvidia-shares-riding-on-huge-ai-tailwind-says-portfolio-strategist-why-expert-says-">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40784773/elon-musk-liked-the-camera-on-iphone-15-but-iphone-16-doesnt-get-much-love-from-the-techno-king-here?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Liked The Camera On iPhone 15, But iPhone 16 Doesn't Get Much Love From The Techno King</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

NVDA

OpenAI's 'O1' Model, Nvidia's AI Demand, Google's Missed Opportunity, And More: This Week In AI

The past week was a whirlwind of economic debates and political finger-pointing. From the 2024 election debate to the ongoing inflation concerns, the economic landscape of the United States was under intense scrutiny.
Here&#8217;s a quick recap of the top stories that made headlines.
Harris Vs. Trump: The Unemployment Debate
Vice President Kamala Harris and former President Donald Trump clashed over unemployment rates during their first debate for the 2024 election. Harris accused Trump of leaving behind the &#8220;worst unemployment since the Great Depression.&#8221; Trump, on the other hand, proposed a tariff of at least 10% on imported goods to boost the economy.
<a href="https://www.benzinga.com/news/24/09/40807671/harris-hit-trump-with-claim-of-worst-unemployment-since-the-great-depression-during-debate-here-is-w">Read the full article here.</a>
Marjorie Taylor Greene Criticizes Biden&#8217;s Inflation Management
Republican Rep. Marjorie Taylor Greene joined Trump in criticizing President Joe Biden over the nation's inflation levels. Greene expressed her concerns about the state of the economy under Biden's leadership, citing a nearly 20% increase in inflation over the past four years.
<a href="https://www.benzinga.com/news/24/09/40833812/after-trump-marjorie-taylor-greene-slams-joe-biden-for-rising-costs-has-inflation-really-been-the-wo">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40824903/obama-era-economist-blasts-trump-tariffs-who-do-you-think-is-going-to-pay-for-all-the-foreign-tariff?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Blasts Trump Tariffs: &#8216;Who Do You Think Is Going To Pay For All The Foreign Tariffs That Are Levied In Retaliation?</a>
Inflation Hits Lowest Level Since February 2021
The U.S. annual inflation rate in August fell to its lowest point since February 2021, indicating a further easing of pressure on the cost of goods and services for U.S. consumers. This development has strengthened convictions for interest rate cuts by the Federal Reserve.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40812986/inflation-slows-to-2-5-in-august-lowest-rate-since-february-2021-core-index-remai">Read the full article here.</a>
Trump&#8217;s Tariff Plan Could Backfire
Donald Trump's proposal to enforce dollar dominance in global trade might lead to economic disruption and potentially weaken the U.S. currency, warns Ulrich Leuchtmann, the head of foreign exchange research at Commerzbank AG. Trump&#8217;s threat to impose 100% tariffs on countries that avoid the dollar could result in "massive disruption" to the global economic system.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40773903/trumps-100-tariff-plan-for-dollar-dominance-could-backfire-warns-expert-that-change">Read the full article here.</a>
Peter Schiff And Dogecoin Influencer On US Debt
Influential economist Peter Schiff and Dogecoin influencer DogeDesigner highlighted the escalating national debt crisis in the U.S. They pointed out that the interest on U.S. debt has crossed $1 trillion for the first time, marking a 30% increase from the previous year.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40846645/peter-schiff-echoes-dogecoin-influencers-views-on-mounting-us-debt-remember-government-ove">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/24/09/40839929/stocks-edge-up-as-producer-inflation-supports-rate-cut-bets-small-caps-miners-rally-whats-driving-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Stocks Edge Up As Producer Inflation Supports Rate Cut Bets, Small Caps, Miners Rally: What&#8217;s Driving Markets Thursday?</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

Media

Economics Weekly Round-Up: Trump's Tariffs, Inflation Woes, And The US Debt Crisis

As the weekend wraps up, we look back at the major stories that made headlines. From the much-anticipated Trump vs Harris debate to Bernie Sanders&#8217; remarks on healthcare disparity, and Mark Cuban&#8217;s praise for Elon Musk&#8217;s AI, it&#8217;s been a busy few days. Let&#8217;s dive into the details.
Trump vs Harris: The Debate Verdict
The first presidential debate between Republican candidate Donald Trump and his rival Vice President Kamala Harris concluded. Despite accusations of bias from ABC News, early reactions suggest Harris emerged victorious. A CNN flash poll revealed that 63% of registered voters who watched the debate picked Harris as the winner, compared to 37% for Trump. Interestingly, prior expectations for the debate winner were evenly split. <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">Read the full article here.</a>
Bernie Sanders on Healthcare Disparity
Senator Bernie Sanders recently voiced his concerns about the state of healthcare in the United States. He highlighted the stark difference in health outcomes between the rich and the poor, stating that the poor in America live 10 to 15 years less than their wealthier counterparts. <a href="https://www.benzinga.com/news/24/09/40784837/bernie-sanders-says-if-youre-poor-in-america-youll-live-10-15-years-less-anybody-else-see-a-problem">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/09/40866458/billionaire-ray-dalio-warns-potential-election-chaos-likely-if-loser-particularly-trump-rejects-outc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Ray Dalio Warns Potential Election Chaos Likely If Loser, Particularly Trump, Rejects Outcome &#8211; &#8216;My Great Fear Is for Democracy&#8217;</a>
Trump&#8217;s Stand on Federal Rate Cuts
Former President Donald Trump expressed his opinion on the Federal Reserve&#8217;s monetary policy. He said that he believes presidents should have a say in interest rate decisions and is against rate cuts ahead of the 2024 presidential election. This stance contradicts the expectations of investors and Congress members who anticipate a rate cut next week. <a href="https://www.benzinga.com/general/politics/24/09/40861372/trump-says-no-federal-rates-cuts-before-2024-election-republican-congress-members-say-the-time-i">Read the full article here.</a>
Nate Silver on the Presidential Debate
Veteran pollster Nate Silver shared his insights on the first presidential debate. He pointed out that the consensus is in favor of Harris, who seems to have won the night. Silver also noted a shift in betting market odds, with Harris now on par with Trump. <a href="https://www.benzinga.com/news/24/09/40811055/polling-veteran-nate-silver-says-kamala-harris-got-the-debate-she-wanted-as-fatigued-trump-couldnt-b">Read the full article here.</a>
Mark Cuban Praises Elon Musk&#8217;s AI
Billionaire entrepreneur Mark Cuban has publicly commended Elon Musk&#8216;s AI chatbot, Grok. Cuban referred to Grok for an accurate representation of Vice President Kamala Harris' stance on immigration. <a href="https://www.benzinga.com/news/24/09/40767860/mark-cuban-praises-elon-musks-ai-chatbot-grok-for-answering-kamala-harris-pov-on-immigration-i-think">Read the full article h</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40865967/benzinga-bulls-and-bears-nvidia-apple-lucid-and-dogecoin-surges-on-elon-musks-joke">Benzinga Bulls And Bears: Nvidia, Apple, Lucid And — Dogecoin Surges On Elon Musk&#8217;s Joke</a>
Image via Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/anan-ashraf" target="_blank" rel="noopener">Anan Ashraf.</a>

Trump Vs. Harris Presidential Debate, Sanders On Healthcare Disparity, And More: This Week In Politics

The past week has been a whirlwind for&nbsp;Apple Inc., with a slew of product announcements and strategic moves that have kept the tech giant in the headlines. From the unveiling of the iPhone 16 and Watch Series 10 to a shift in production strategy, Apple has been making waves in the tech world.
Apple Unveils Intelligence-Ready iPhone 16
At the &#8220;Glowtime&#8221; event, Apple introduced the iPhone 16 series, designed with Apple Intelligence at its core. This series will be the first to feature Apple Intelligence in beta, following an update set for October. The AI software was initially showcased at WWDC and was previously limited to the iPhone 15 Pro models.
<a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri">Read the full article here.</a>
Apple Watch Series 10: Larger Display, Sleeker Design
Apple also unveiled the Apple Watch Series 10 at the Glowtime event. The new device boasts a larger screen, more rounded corners, and a wider aspect ratio, giving it a sleeker, more streamlined appearance. The advanced display is the largest wearable display ever built by Apple.
<a href="https://www.benzinga.com/news/24/09/40779019/apple-watch-series-10-announced-with-larger-display-thinner-design">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40845772/huaweis-2-800-tri-fold-phone-has-the-potential-to-eat-apples-lunch-in-china-here-is-how-it-compares?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Huawei&#8217;s $2,800 Tri-Fold Phone Has The Potential To Eat Apple&#8217;s Lunch In China: Here Is How It Compares To iPhone 16</a>
Apple&#8217;s iPhone Production Shifts To India
In a significant strategic move, Apple has begun production of its newly launched iPhone 16 series in India. This move reflects a broader trend among tech giants like&nbsp;Microsoft Corp. and&nbsp;Amazon.com Inc. who are diversifying their supply chains away from China.
<a href="https://www.benzinga.com/news/24/09/40826717/apples-iphone-production-move-to-india-signals-broader-tech-exodus-from-china-with-microsoft-and-ama">Read the full article here.</a>
iPhone 16 Faces Challenges In China
Despite the hype, the iPhone 16 series launch has been met with disappointment in China due to its lack of AI features. This comes amid growing competition from Huawei Technologies in the world's largest smartphone market.&nbsp;
<a href="https://www.benzinga.com/news/24/09/40785959/iphone-16-fails-to-sway-some-chinese-buyers-im-going-to-buy-huaweis-tri-fold-phone-missing-ai-featur">Read the full article here.</a>
AirPods Pro 2: A New Approach To Hearing Health
Apple announced a new feature in its AirPods Pro 2, aiming to transform the hearing health experience. The feature offers an end-to-end hearing health experience, including active Hearing Protection, a scientifically validated Hearing Test, and a clinical-grade Hearing Aid feature.
<a href="https://www.benzinga.com/news/24/09/40786879/apples-airpods-pro-2-bring-clinical-grade-hearing-aid-without-the-stigma-or-high-cost-heres-what-peo">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40864530/mark-zuckerberg-says-he-is-done-apologizing-reveals-one-of-the-biggest-mistakes-of-his-career?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Says He Is Done Apologizing, Reveals One Of The Biggest Mistakes Of His Career</a></li>
</ul>
Photo courtesy: Apple
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

Big Week In Appleverse: iPhone 16, Watch Series 10, New AirPods Launch Amid Increasing Competition From China's Top Smartphone Maker

Former Democratic Senator Al Franken said in an interview with Bill Maher on Friday that President Joe Biden is wrong to impose tariffs on Chinese EVs. 
What Happened: The imposition of higher tariffs on Chinese imports is eventually passed down to the U.S. consumer and is not borne by China, Franken said on Friday about tariffs. 
While Franken was referring to Trump&#8217;s promise of 60% tariffs for all imports from China if voted President in the upcoming elections, Maher noted that Biden too has imposed higher tariffs on EVs made in China.
&#8220;Well in that case dammit, Biden&#8217;s wrong,&#8221; Franken said. 
Why It Matters: The U.S. Trade Representative&#8217;s office said on Friday that many of the tariffs announced by President Joe Biden earlier this year, including a 100% duty on Chinese EVs and a 25% duty on EV batteries, will take effect on Sept. 27. 
American EV giant Tesla Inc&#8216;s CEO Elon Musk previously slammed the tariffs <a href="https://www.benzinga.com/news/24/09/40825946/china-wants-automakers-to-safeguard-their-ev-technology-and-keep-it-within-the-country-as-companies">proposed by the Biden administration</a>, saying that neither Tesla nor he asked for them. 
&#8220;Things that inhibit freedom of exchange or distort the market are not good,&#8221; <a href="https://www.benzinga.com/news/24/05/39006664/elon-musk-slams-biden-administration-over-100-tariffs-on-chinese-ev-imports-things-that-distort-the">Musk said</a>. 
Ford Motor Co, meanwhile, requested that the proposed tariffs on artificial graphite be reduced given they are a key element in making EV batteries. 
<em style="color: rgb(45, 45, 45); font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a data-google-interstitial="false" style="font-family: &quot;Helvetica Neue&quot;, Helvetica, OpenSans, Arial, sans-serif; font-size: 17.6px; white-space-collapse: collapse; box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ; color: rgb(44, 162, 209); text-decoration: inherit;" href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener"><em style="box-sizing: border-box; border: 0px solid rgb(229, 231, 235); --tw-border-spacing-x: 0; --tw-border-spacing-y: 0; --tw-translate-x: 0; --tw-translate-y: 0; --tw-rotate: 0; --tw-skew-x: 0; --tw-skew-y: 0; --tw-scale-x: 1; --tw-scale-y: 1; --tw-pan-x: ; --tw-pan-y: ; --tw-pinch-zoom: ; --tw-scroll-snap-strictness: proximity; --tw-gradient-from-position: ; --tw-gradient-via-position: ; --tw-gradient-to-position: ; --tw-ordinal: ; --tw-slashed-zero: ; --tw-numeric-figure: ; --tw-numeric-spacing: ; --tw-numeric-fraction: ; --tw-ring-inset: ; --tw-ring-offset-width: 0px; --tw-ring-offset-color: #fff; --tw-ring-color: rgba(59,130,246,.5); --tw-ring-offset-shadow: 0 0 #0000; --tw-ring-shadow: 0 0 #0000; --tw-shadow: 0 0 #0000; --tw-shadow-colored: 0 0 #0000; --tw-blur: ; --tw-brightness: ; --tw-contrast: ; --tw-grayscale: ; --tw-hue-rotate: ; --tw-invert: ; --tw-saturate: ; --tw-sepia: ; --tw-drop-shadow: ; --tw-backdrop-blur: ; --tw-backdrop-brightness: ; --tw-backdrop-contrast: ; --tw-backdrop-grayscale: ; --tw-backdrop-hue-rotate: ; --tw-backdrop-invert: ; --tw-backdrop-opacity: ; --tw-backdrop-saturate: ; --tw-backdrop-sepia: ; --tw-contain-size: ; --tw-contain-layout: ; --tw-contain-paint: ; --tw-contain-style: ;">following this link</a>.
Image Generated using DALL-E

Former Democratic Senator Al Franken Says Biden Is Wrong To Impose Higher Tariffs On EVs Made In China

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Vancouver, BC – September 10, 2024 – TheNewswire – Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSX.V: COS) is pleased to announce the implementation of its collaboration with SGS Québec, a global leader in metallurgical innovation and strategic resource development. The initiative is aimed at developing a leading position in the critical minerals sector by scaling up the technological capabilities of the Re-2Ox hydrometallurgical process.


Global Feed First Strategy Highlights:

<ul>
<li>

Sourcing critical mineral feed stocks and concentrates globally 

</li>
<li>

Metallurgical testwork to be undertaken by SGS Québec using the Re-2Ox process 

</li>
<li>

Producing on-spec battery-grade materials  

</li>
</ul>

The <a href='https://coniagas.com/news/2024/sgs-quebec-to-propel-strategic-funding-and-technological-advancements-for-re/' target='_blank'>collaboration with SGS builds on a series of engagements</a>, and comprises two phases: the first phase establishes a framework for metallurgical testing and strategic funding pursuits, while the second phase focusses on funding strategy refinement and advancing the Re-2Ox process to meet the needs of the rapidly growing electric vehicle (EV) markets. <a href='' target='_blank'></a>The arrangement is based on an agreement signed with SGS May 15, 2024 and announced in a news release May 21, 2024.


A Global Strategy


Our "feed first" strategy, which prioritizes securing reliable, long-term sources of critical minerals, is a cornerstone of the Company's approach. By <a href='https://coniagas.com/news/2024/offshore-stockpile-opportunities-for-evaluation-with-re-2ox/' target='_blank'>securing potential offshore stockpiles</a> and bringing them to Quebec for potential processing, Coniagas is not only expanding its resource base but also ensuring a resilient and flexible supply chain that can adapt to market demands.


In parallel, Coniagas is conducting extensive metallurgical testwork on the Graal deposit in Quebec. This testwork is vital for advancing the Graal property towards production as well as scaling up the Re-2Ox process and aligns with the company's strategy of integrating global resources with local expertise to drive innovation.


Frank Basa, President and CEO of Coniagas, stated, "Our collaboration with SGS is a key part of our strategy to create a vertically integrated supply chain that supports the entire battery metals ecosystem. We are ensuring that our Re-2Ox process is versatile, scalable, and ready to meet the needs of not just the EV market, but also other industries that are driving toward a net-zero future. This global approach strengthens our position and aligns perfectly with our 'feed first' strategy."


Qualified Person


The technical information in this news release was reviewed and approved by Matthew Halliday, P.Geo., member of the Ordre des Géologues du Québec, who is a Qualified Person in accordance with National Instrument 43-101.


About Coniagas Battery Metals Inc.


Coniagas Battery Metals Inc. is a Canadian junior mining company, focused on nickel, copper, cobalt, and platinum group metals in Québec. The Company's strategy aims to generate shareholder value by developing its mineral assets and constructing an advanced processing plant, positioning Coniagas as a potential key supplier for the electric vehicle (EV) industry.


Graal Project: Strategic Resource Development


The 100%-owned Graal project near Saguenay, Quebec, has shown significant potential through extensive geophysical surveys and shallow drilling. It has identified high-grade nickel and copper mineralization, with showings of cobalt, platinum, and palladium, along a 6 km strike length at shallow depths potentially suitable for open-pit mining. Upcoming activities include further drilling, metallurgical testing, and consultations with First Nations, culminating in a NI 43-101 resource report. <a href='https://coniagas.com/static/technical-report-81a97c8c465944651d04704f5fbade3e.pdf' target='_blank'>The NI 43-101 Technical Report Graal Nickel &amp; Copper Project, Saguenay-Lac-St-Jean, Quebec, Canada</a>, dated January 17, 2024, provides detailed project information.


Long-Term Vision and Commercialization Strategy


Coniagas leverages proprietary technologies like the Re-2Ox hydrometallurgical process for the extraction and production of cleaner, low-carbon, battery-grade materials. This innovative process eliminates the need for traditional smelting, significantly reducing the environmental footprint. Combined with strategic projects such as Graal and CAM/pCAM production initiatives, Coniagas is positioning itself as a potential player in the future of the EV industry. For more information, visit the <a href='https://coniagas.com/' target='_blank'>Company's website</a>.


"Frank J. Basa"


Frank J. Basa, P. Eng., Professional Engineers Ontario


Chief Executive Officer


For further information, contact:


Frank J. Basa, P. Eng. Ontario


Chief Executive Officer


416-625-2342


or:


Wayne Cheveldayoff, Corporate Communications


P: 416-710-2410


E: <a href='mailto:waynecheveldayoff@gmail.com' target='_blank'>waynecheveldayoff@gmail.com</a>


You can follow Coniagas on Social Media:


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Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Caution Regarding Forward-Looking Statements


This news release may contain forward-looking statements regarding Coniagas Battery Metals Inc. ("Coniagas" or the "Company") which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the private placement referred to above, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. No assurance can be given that any of the foregoing will be achieved. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. The Company does not undertake to update any forward-looking information in this news release or other communications unless required by law.

    
Copyright (c) 2024 TheNewswire - All rights reserved.

Coniagas Initiates Global Feed First Strategy on Critical Minerals with SGS Quebec

The United States and the United Kingdom are reportedly concerned that Russia is sharing classified information and technology with Iran which could help the latter build nuclear weapons. 
What Happened: Russia has been escalating its cooperation with Iran over its pursuit of atomic weapons, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-14/us-uk-on-edge-as-russia-shares-nuclear-secrets-with-iran">reported</a>, citing Western officials familiar with the matter. Iran will, in turn, provide Russia with ballistic missiles for use in its ongoing war with Ukraine, they said. 
The issue was a point of discussion between US and UK officials in Washington this week when British Prime Minister Keir Starmer met U.S. President Joe Biden at the White House, the report added. 
Why It Matters: The U.S. Secretary of State Antony Blinken alluded to this exchange of nuclear technology during a press conference in London last week. He then said that Russia had received a shipment of Iran's Fath-360 ballistic missiles, Bloomberg reported.
"For its part, Russia is sharing technology that Iran seeks — this is a two-way street — including on nuclear issues, as well as some space information," Blinken said.
Despite Iran&#8217;s insistence that it has no plans to develop nuclear weapons, the International Atomic Energy Agency (IAEA) observed a surge in Iran&#8217;s nuclear fuel levels between June and August, raising concerns. 
The possible collaboration between Iran and Russia on nuclear weapons could further aggravate the two ongoing wars around the globe, including the <a href="https://www.benzinga.com/government/24/09/40862471/turkeys-spy-chief-meets-with-hamas-to-discuss-cease-fire-in-gaza-reports">Israel-Hamas war</a> and the <a href="https://www.benzinga.com/news/24/09/40851131/russian-president-says-ukraines-use-of-long-range-missiles-would-signal-that-us-and-nato-are-at-war">Russia-Ukraine war</a>. 
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Image via Shutterstock

US And Allies Worried Amid Reports Of Russia Potentially Sharing Nuclear Secrets With Iran

Allied Gold: Undervalued Gold Producer If Management Executes On 2026 Growth Plan

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Precious Metals Royalty And Streaming Companies: The August Report

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Press Releases

OTC Markets Group Welcomes Allied Gold Corp. to OTCQX

Small Cap

ALLIED GOLD TO COMMENCE TRADING ON OTCQX EXCHANGE

OTCM

TSX:AAUC

Allied Gold

Allied Gold (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUCF#OTC">AAUCF</a>) has reached a preliminary agreement with Mali's government for a 10-year permit on the Sadiola gold mine and permission to exploit the nearby Diba deposit.



The military-led African country rich in gold and other valuable metals has <a target="_blank" href="https://www.benzinga.com/news/24/07/39732127/barrick-gold-navigates-new-mining-code-political-changes-to-secure-mali-operations" rel="noreferrer noopener">recently overhauled its mining laws</a>, targeting higher state revenues through increased royalties and state ownership.



The Sadiola gold mine in Mali's Kayes region has been Allied Gold's key asset since its acquisition from Iamgold Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) in 2020. The mine is operated through Société d'Exploitation des Mines d'Or de Sadiola SA (SEMOS), of which Allied holds an 80% stake, while the Malian government retains 20%.



The mine boasts significant gold reserves and is undergoing an ambitious expansion project. The new agreement with the Malian junta includes plans to develop the nearby Korali-Sud (Diba) deposit.



Now read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40716696/biden-gears-up-to-block-nippon-steels-15b-us-steel-acquisition-report" rel="noreferrer noopener">Biden Gears Up To Block Nippon Steel's $15B US Steel Acquisition: Report</a>



Allied Gold's expansion plans for Sadiola are divided into two phases. The first phase focuses on maintaining steady production, improving infrastructure, and modifying the existing processing plant.



This phase is projected to cost $65 million and aims to increase gold production to between 200,000 and 230,000 ounces annually for at least four years. Key improvements include upgrades to the plant's milling and crushing capabilities to handle more fresh ore. Additionally, $5 million will be invested in cyanide detoxification, accelerating environmental compliance.



The second phase, expected to begin in 2026 and conclude by 2028, involves constructing a new processing plant specifically designed for fresh ore. Allied has planned $400 million for this phase, which could elevate the mine into a top-tier, low-cost gold producer.



The new plant and infrastructure will increase production, potentially reaching 400,000 ounces per year, making Sadiola a generational asset for the company.



However, the ongoing geopolitical situation, with multiple ongoing armed conflicts and increasing de-globalization, made mining outside top-tier jurisdictions riskier. Following the news, Allied stock closed the day at CA$2.79, falling 3.8%.



The presence of the Wagner Group, a Russian paramilitary organization, and the jihadist group JNIM, aligned with Al-Qa'ida, pose additional threats to the country's long-term stability.



Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), another major mining company, has been closely monitoring the situation as it operates a tier 1 Loulo-Gounkoto mine with over 7 million gold ounces of reserves.



Also read:



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<li><a href="https://www.benzinga.com/news/24/09/40704091/trafigura-signs-400m-prepayment-deal-with-mineral-resources" target="_blank" rel="noreferrer noopener">Trafigura Signs $400M Prepayment Deal With Mineral Resources</a></li>
</ul>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com" target="_blank" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!



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Thursday, September 05, 2024