Affinity Beverage Group Stock (OTC: ABVG)

Affinity Beverage Group (OTC:ABVG) Stock, Quote.Headers.trade-ideas

Affinity Beverage Group Inc is focused on branded consumer product acquisition opportunities in the health and wellness sector. The company primarily targets lifestyle brands, companies, and exclusive brand distribution rights focusing on traditional and non-traditional, healthy beverage options. It will also seek opportunities in young brands specializing in all natural/organic foods, bio-food, supplements and personal care products for strategic partnerships, distribution agreements, and potential acquisition.

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AFFINITY BEVERAGE GROUP by Affinity Beverage Group, Inc.

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The U.S. Securities and Exchange Commission suspended trading in 15 companies on Friday, citing questionable trading and social media activity.

SEC Suspends Trading In 15 Stocks Over Social Media Concerns

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RIGHT ON BRANDS INC by Right On Brands, Inc.

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CURATIVE BIOSCIENCES INC by Curative Biosciences, Inc.

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Affinity Beverage Group Inc

Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), an industry pioneer for buying and selling used cars online, today announced its second auction and reconditioning ‘Megasite' integration in Houston. With this transition, Carvana will establish Inspection and Reconditioning Center (IRC) capabilities at its existing ADESA Houston wholesale auction site while maintaining all digital and in-lane auction operations. This location will anchor the growth of Carvana's retail and wholesale operations in the area and enhance the company's offering for retail and commercial customers.
&nbsp;
Houston is the second of ADESA's wholesale auction locations to become a Carvana auction-IRC Megasite. Carvana has already begun hiring new IRC associates at this facility and expects the Megasite transition to create approximately 200 new entry-level and skilled jobs in the area over time.

CVNA

Carvana Expands in Houston with New Auction and Reconditioning Megasite, Creating 200 Jobs

Contango ORE, Inc. ("Contango" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTGO#NYSE">CTGO</a>)&nbsp;is pleased to announce that the Peak Gold JV has started processing Campaign #2 of Manh Choh ore through the Kinross Fort Knox mill located near Fairbanks, Alaska. &nbsp;Processing of ore for the Second Campaign started on August 27th and will continue into late September. In addition, the Company reported the following general corporate updates:
&nbsp;
<ol>
<li>it received the 404 Wetlands Permit from the US Army Corps of Engineers (the "USCOE") to construct an access road from the Johnson Tract camp site to the proposed portal and laydown area;</li>
<li>it entered into a memo of understanding (the "MOU") with the Department of Natural Resources Office of Project Management and Permitting ("OPMP") to begin permitting the exploration portal and laydown area for the Johnson Tract project;</li>
<li>it has engaged&nbsp;SRK Consulting Canada Inc. ("SRK") to complete a Preliminary Economic Assessment for the Johnson Tract project using our Direct Shipping Ore ("DSO") approach; and</li>
<li>it has completed approximately 1,500 meters (5,000 ft.) or half of the planned 2024 surface drilling program at the Johnson Tract project and plans to complete the program, which remains on budget and schedule, by early October.</li>
</ol>

CTGO

Contango Starts Second Campaign of Gold Ore Processing at Kinross Fort Knox Mill in Alaska

Chinese State Media Reported Dalian Airlines Boeing 737 Flight Suffered Engine Malfunction On Monday En Route From Dalian To Beijing, Has Returned Safely To Dalian Airport

Intercontinental Exchange, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), a leading global provider of technology and data, today notes the final announcement from the U.K. Financial Conduct Authority (FCA) regarding the cessation of U.S. dollar LIBOR&#xAE;.
The FCA has confirmed that it will not use its powers under the U.K. Benchmarks Regulation (U.K. BMR) to compel ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR, to continue to publish the 1-, 3- and 6-Month "synthetic" U.S. dollar LIBOR settings after September 30, 2024. Accordingly, the FCA has issued a final <a href="https://www.fca.org.uk/news/news-stories/remaining-synthetic-us-dollar-libor-settings-less-1-month-go">announcement</a>reminding users that these final three remaining LIBOR settings will cease after publication on this date. No new LIBOR settings will be published following September 30, 2024.

Intercontinental Exchange Confirms End of US Dollar LIBOR by September 2024, Says FCA

The recent Times/Siena College poll results released Sunday proved to be a good one for Republican candidate Donald Trump, said polling veteran Nate Silver. He also weighed in on the <a href="https://www.benzinga.com/news/24/09/40762350/hillary-clintons-advice-to-kamala-harris-for-donald-trump-debate-showdown-she-should-not-be-baited-s">upcoming presidential debate scheduled for Sept. 10.</a>
Poll Results: The survey found that Trump was leading Vice President Kamala Harris among likely voters by a point in a head-to-head matchup and by two points when other candidates are added to the ballot. Silver <a href="https://www.natesilver.net/p/the-mistakes-of-2019-could-cost-harris">said </a>the results are important as Times/Sienna is his second-highest-rated pollster and the poll has a large sample size of 1,695 likely voters.
Among the other reasons cited by Silver was the recentness of the poll, done fully post-Labor Day and having completed fieldwork on Friday, trendline comparisons presented by the poll and the poll&#8217;s tendency to singularly drive media conversation about the race.
Silver, the founder of polling analytics website FiveThirtyEight and is now no longer associated with it, said a series of YouGov polls found Trump and Harris tied in the key swing state of Pennsylvania and the latter leading by a point in Michigan and two points in Wisconsin. 
&#8220;The NYT poll has reduced Harris's lead in our national polling average to 2.5 points,&#8221; Silver said.
The standing based on the polling averages as of Sept. 8 is 48.7%-46.2% in favor of Harris, according to Silver Bulletin. This marked a small decline for Harris from 49%-46% on Sep. 7.
See Also: <a href="https://www.benzinga.com/news/24/09/40764734/mary-trump-donald-trump-could-be-incredibly-dangerous-why-muted-mic-wont-be-advantage-for-ex-preside#google_vignette">Mary Trump: Donald Trump Could Be &#8216;Incredibly Dangerous&#8217;: Why Muted Mic Won&#8217;t Be Advantage For Ex-President At Tuesday Debate</a>
Perils Of Being Progressive? In 2019, in one of the first major Democratic primary debates, every Democrat, including Harris and President Joe Biden, said they would support the provision of a health care plan for undocumented immigrants and this kickstarted conversations on Twitter, which has now been renamed X, said Silver.
The reason why every Democrat thought they had to run to the left was due to Sen. Bernie Sanders&#8217; (I-Vt.) challenge to Hillary Clinton, who was the Democratic contender in 2016.
&#8220;But if you support policies that 60 percent of the country opposes — and anti-immigrant sentiment has only increased since 2019 — you're asking for trouble,&#8221; Silver said. He noted that Harris's articulation of highly progressive positions on immigration and health care has become a &#8220;talking point for the Trump campaign.&#8221; The vice president, though, <a href="https://www.benzinga.com/news/24/08/40643087/kamala-harris-addresses-trump-questioning-her-identity-in-first-interview-after-accepting-nomination">has flip-flopped on  some of these positions,</a> like on Medicare for All and decriminalizing border crossings, he said, adding &#8220;The flip-flopping may explain why Harris has been weirdly reluctant to do media hits or articulate policy specifics.&#8221;
The Times/Siena poll contained a pair of questions on whether voters think Harris was too liberal/progressive and whether Trump was too conservative, Silver noted. The numbers were lopsided in Trump's favor, with only 32% of voters saying Trump was too conservative, while 47% said Harris was too liberal. 
 Harris, therefore, was faring poorly among white voters without college degrees, rural voters, and older voters: the types of voters who are&nbsp;plentiful in Blue Wall states like Pennsylvania, he said.
Silver said Harris&#8217; convention speech, which was aggressively centrist and aimed at male voters, was smart. A relatively high percentage of voters in the Times poll said&nbsp;they didn't know what Harris stood for, which means there's room for these numbers to move, he said. 
&#8220;But they could move in either direction as Team Trump circulates sound bites and video clips,&#8221; he added.
Silver said he thinks Harris is limited by her own past progressive policy positions. &#8220;So the strategic aim is probably to fight this liberal/conservative question to a draw, and then win on having considerably&nbsp;more favorable&nbsp;personal attributes than&nbsp;Trump,&#8221; he said. 
Ahead of this week&#8217;s debate, the polling veteran said debates are typically judged relative to expectations as much as by the candidates' actual execution. He said the vice president would be better off avoiding the risk aversion she showed while picking Minnesota Governor Tim Walz as her running mate.
&#8220;She should campaign like she's two points behind — because if the Times poll is right, she is,&#8221; he added.
Check This Out:
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<li>Lawmakers Made Huge Investments This Year.&nbsp;<a href="https://www.benzinga.com/gov-trades" 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>
Image via Shutterstock

Politics

Media

Veteran Pollster Weighs In On New Trump Vs. Harris Poll That Shows Ex-President Closing In: 'If You Support Policies That 60% Of The Country Opposes…You're Asking For Trouble'

Mark Cuban, the <a href="https://www.benzinga.com/general/sports/23/12/36402593/mark-cubans-slam-dunk-deal-mavericks-majority-stake-sale-clears-the-net-whats-the-next-play">billionaire entrepreneur</a> and&nbsp;part-owner of the Dallas Mavericks, has publicly praised Elon Musk&#8217;s AI chatbot, Grok, to Vice President Kamala Harris&#8217; immigration viewpoint, terming it as &#8220;accurate&#8221;.
What Happened: Over the weekend, Cuban took to X, formerly Twitter, and <a href="https://www.benzinga.com/news/24/09/40765551/mark-cuban-asks-trump-advisor-done-any-modeling-of-the-financial-impact-of-deporting-20-million-peop">responded to questions</a> from an advisor to Donald Trump about Harris&#8217; immigration stance.
Cuban, who is known for his role on &#8220;Shark Tank,&#8221; deferred to Grok, an AI chatbot developed by Musk&#8217;s xAI company, to answer the immigration question, stating his primary focus is on business policy.
When asked why Harris wants to grant citizenship to all illegal immigrants, Cuban shared Grok&#8217;s response:&nbsp;&#8220;While Kamala Harris supports immigration reform that includes pathways to citizenship for undocumented immigrants &#8230; there&#8217;s no direct evidence or statement from her indicating a policy to grant citizenship to all undocumented immigrants immediately.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/09/40764465/dont-believe-the-hype-about-an-iphone-16-super-cycle-gurman-says-consumers-will-have-to-wait-for-the?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Don&#8217;t Believe The Hype About An iPhone 16 Super Cycle,&#8217; Gurman Says: &#8216;Consumers Will Have To Wait For The Best AI Features&#8217;</a>
Cuban referred to Grok saying, &#8220;And here is the response to your immigration question from Grok. I think it's accurate. Good job Elon Musk. I'm actually using Grok more often than any other LLM these days.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thanks for the wonderful questions Stephen. I'll give you my perspective. 1. Immigration. I'll let Grok answer the question below, since I'm mostly focused on business policy. 2. She isn't opposed to all tariffs on China. There are reasons to implement Strategic Tariffs.… <a href="https://t.co/mdj5xo2moB">https://t.co/mdj5xo2moB</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1832807167256342915?ref_src=twsrc%5Etfw">September 8, 2024</a></blockquote>
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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: Cuban&#8217;s endorsement of Grok&#8217;s response is significant given his past interactions with Musk and AI.
In February, Cuban suggested that <a href="https://www.benzinga.com/news/24/02/37382764/mark-cuban-thinks-elon-musks-grok-chatbot-is-right-leaning-while-googles-gemini-is-left-leaning-can">Musk&#8217;s Grok could be considered</a> &#8220;right-leaning,&#8221; while Google&#8217;s Gemini might be &#8220;left-leaning.&#8221; He also endorsed open-sourcing AI models in April, <a href="https://www.benzinga.com/news/24/04/38017016/not-an-ai-fatalist-mark-cuban-says-open-sourcing-models-is-a-smart-business-decision">calling it a &#8220;smart business decision.&#8221;</a>
Despite <a href="https://www.benzinga.com/news/24/09/40700524/mark-cuban-tells-elon-musk-delete-your-account-after-tech-billionaire-calls-tucker-carlsons-latest-e">disagreements with Musk</a>, such as when he told Musk to &#8220;delete your account&#8221; after Musk endorsed a controversial interview, Cuban has expressed appreciation for Musk&#8217;s social media platform, X.
Earlier this month, he explained saying while many posts on X are often &#8220;useless or hateful, or both,&#8221; but noted that the platform occasionally provides rare opportunities for meaningful discussions and valuable learning.
Meanwhile, this is not the <a href="https://www.benzinga.com/general/entertainment/24/02/37062689/mark-cuban-swipes-at-xai-after-elon-musk-directs-dei-fury-at-amazon-when-will-grok-be-able-">first time Cuban</a> has used Grok or praised the AI platform. In September 2024, he used Grok 2 to &#8220;compare the candidates&#8217; approach to child care.&#8221; He also previously used the platform to <a href="https://www.benzinga.com/news/24/07/39764782/biden-vs-trump-post-debate-popularity-poll-reveals-unexpected-results-for-this-candidate">analyze the debate between</a> Trump and Joe Biden.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40737548/apple-iphone-16-event-not-sell-the-news-analyst-says-shares-could-move-higher?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple iPhone 16 Event Not &#8216;Sell The News,&#8217; Analyst Says: &#8216;Shares Could Move Higher&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Tech

Mark Cuban Praises Elon Musk's AI Chatbot Grok For Answering Kamala Harris' POV On Immigration: 'I Think It's Accurate'

Despite the recent downturn in the market, cryptocurrency analyst&nbsp;Michaël van de Poppe&nbsp;believed that a major Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) crash is not on the horizon.
What Happened: In an X post on Sunday, Van de Poppe noted that while Bitcoin&#8217;s price has corrected by 26% from its all-time highs in March, he does not see this as a sign of an impending crash. Instead, he views it as a regular correction that is normal for the current market state.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Crash Coming? That's the sentiment and the primary question. The crypto markets have been terrible in return for 2024, through which the general consensus is whether a big crash is occurring. I discuss this in my latest video:<a href="https://t.co/T8lKgu9OFm">https://t.co/T8lKgu9OFm</a> My short… <a href="https://t.co/iVl7TkBkHE">pic.twitter.com/iVl7TkBkHE</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1832784788278624552?ref_src=twsrc%5Etfw">September 8, 2024</a></blockquote>
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The widely-followed analyst stated that he was not in favor of valuing assets against the U.S. dollar owing to the high inflation in recent years.
&#8220;If you're looking at different dynamics rather than solely the U.S. dollar, then you conclude that there's a case of copying/pasting previous cycles as inflation-adjusted, Bitcoin hasn't made any new all-time high as of yet,&#8221; he added.
Van De Poppe underlined that Bitcoin was down 35% from the peak when compared with the S&amp;P 500, and no ATH has been recorded in the ongoing cycle. In essence, he concluded that King Crypto was actually at the end of a down-trending market and was poised to have a bull run that would likely go until 2026.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40766255/popcat-brett-outperform-dogecoin-shiba-inu-in-24-hour-gains-as-memecoins-join-broader-mark">Popcat, Brett Outperform Dogecoin, Shiba Inu In 24 Hour Gains As Memecoins Join Broader Market Rise</a>
Why It Matters: Known for sharing valuable inputs regarding cryptocurrency portfolios and picking the assets to invest,&nbsp;Van De Poppe&#8217;s forecast came amid when the cryptocurrency market was experiencing a downturn. 
Bitcoin sank below $53,000 on Friday after <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40748557/job-creation-falls-short-of-expectations-in-august-unemployment-rate-ticks-lower-">weaker-than-expected jobs data</a> spurred fears of an economic slowdown. However, the leading cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40765647/bitcoin-ethereum-dogecoin-spring-back-from-fridays-fall-analyst-flags-peak-bearish-sentime">recouped some of its losses</a> Sunday overnight.
Market observers and participants have pinned their hopes on the w<a href="https://www.benzinga.com/news/24/08/40541128/fed-chair-powells-signal-sets-stage-for-rate-global-central-banks-hint-at-interest-rate-cuts-in-revi" target="_blank" rel="noopener">idely expected</a> interest rate cuts by the Federal Reserve in the upcoming FOMC meeting to impart bullish momentum to the cryptocurrency market. Typically, risky assets tend to respond positively to monetary policy easing.
That said, some analysts have taken a contrarian position, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40701254/bitcoin-could-tumble-15-20-if-fed-cuts-interest-rates-as-expected-analysts-lay-out-">projecting a 15-20% decline in Bitcoin&#8217;s price</a> after the probable rate cut.
Price Action: At the time of writing, Bitcoin is exchanging hands at 55,074.64, up 1.35% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40766586/bitcoin-ethereum-etfs-of-asian-origin-record-lackluster-performance-as-volatility-and-us-r">Bitcoin, Ethereum ETFs Of Asian Origin Record Lackluster Performance As Volatility And US Regulatory Uncertainty Keeps Investors Away</a></li>
</ul>
Image Via Shutterstock

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

Cryptocurrency

$BTC

Top Crypto Analyst Rules Out Possibility Of 'Big Bitcoin Crash' In The Days Ahead: Here's Why

Kosmos Energy Ltd. (&quot;Kosmos&quot; or the &quot;Company&quot;) (NYSE/LSE: KOS) announced today that, subject to market conditions, it intends to offer&nbsp;$500 million&nbsp;aggregate principal amount of senior notes due 2031. Kosmos intends to use the net proceeds from the offering, together with cash on hand, to fund the tender offers for a portion of its&nbsp;7.125%&nbsp;Senior Notes due 2026,&nbsp;7.750%&nbsp;Senior Notes due 2027 and&nbsp;7.500%&nbsp;Senior Notes due 2028 announced today and to pay any related premiums, fees and expenses

Kosmos Energy Announces $500M Senior Notes Due 2031 For Debt Refinancing

The technology sector, despite the buzz around artificial intelligence (AI), is experiencing a broad weakness, with many companies still struggling with the recession that started in 2022, according to investors and recent financial reports.
What Happened: AI-focused companies like Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have seen significant increases in their share prices. However, analysts expressed that many tech firms not primarily focused on AI have struggled to recover, Financial Times <a href="https://www.ft.com/content/0b14d871-2d19-46f1-9660-5466301e8066">reported</a> on Monday. 
&#8220;When you look at technology outside of AI, there&#8217;s not that much happening,&#8221; stated Tony Kim, head of technology investing at BlackRock&#8217;s fundamental equities division.
Traditional tech areas such as software, IT consulting, and electronic equipment production for sectors like manufacturing and the auto industry have faced challenges, including weak demand and the aftermath of overexpansion and overstocking during the COVID-19 pandemic.
Facebook co-founder and current Asana CEO, Dustin Moskovitz, recently described the situation as an &#8220;unwinding of the over-hiring and overspending&#8221; seen at the start of the pandemic. Recent financial reports reveal that a majority of large tech firms have been growing more slowly, while many smaller ones are actively shrinking.
See Also: <a href="https://www.benzinga.com/news/24/09/40679223/mark-cuban-explains-why-despite-getting-a-lot-of-flak-from-elon-musk-and-others-he-continues-to-post?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Explains Why, Despite Getting A Lot Of Flak From Elon Musk And Others, He Continues To Post On X: &#8216;Don&#8217;t Want to Be Where Everyone Agrees with Me&#8217;</a>
Investor enthusiasm for AI-focused companies has waned since early summer, leading to predictions of a prolonged shift of investor attention from Big Tech stocks to sectors like financial services and industrials.
Why It Matters: The AI sector has been a hot topic in recent months. In August, some investors and analysts warned that the AI sector could be a<a href="https://www.benzinga.com/exclusives/24/08/40403663/exclusive-ai-bubble-fears-could-be-overdone-56-of-benzinga-readers-see-potential-pick-palantir-stock"> bubble set to burst </a>in the future. However, Goldman Sachs analysts stated in early September that despite the significant growth and investor interest in AI stocks, the sector is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40741279/ai-tech-sector-is-not-in-a-bubble-but-diversification-out-of-magnificent-7-is-key-g">not in a speculative bubble</a>, unlike previous technology booms such as the late 1990s internet bubble.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40764465/dont-believe-the-hype-about-an-iphone-16-super-cycle-gurman-says-consumers-will-have-to-wait-for-the?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Don&#8217;t Believe The Hype About An iPhone 16 Super Cycle,&#8217; Gurman Says: &#8216;Consumers Will Have To Wait For The Best AI Features&#8217;</a></li>
</ul>
Image via Pexels
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Nvidia, Microsoft's AI Rally Hides Tech Sector's Underlying Weakness, Warn Experts: 'There's Not That Much Happening'

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Affinity Beverage Group

Affinity Beverage Group (ABVG) Forecast

Affinity Beverage Group (OTC:ABVG) Stock, Quote.Headers.trade-ideas