Latest news for Granite Creek Copper (OTC:GCXXF) Stock

Granite Creek Copper Ltd is a Vancouver-based, public exploration company. It is in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, to establish a mineable mineral resource. The company primarily explores gold and other mineral deposits. Granite Creek holds an interest in the Stu Copper-Gold Project located in the Minto Copper District of Canada's Yukon Territory.

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Copper Scarcity Causing Thefts, Violence Worldwide

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Source: Streetwise Reports 05/28/2024

With copper prices soaring amid supply shortages and the green energy transition, four companies might benefit.

Copper Industry Sees Surge in Demand and Prices

GRANITE CREEK COPPER LTD by Granite Creek Copper Ltd.

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The Department of Justice is evaluating the possibility of dismantling Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google, as a response to antitrust violations. This development follows a recent court ruling that found Google guilty of leveraging its products to <a href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under">maintain a monopoly in the search market</a>.
What Happened: The DOJ is exploring various measures to prevent Google from using its platforms like Chrome, Play, and Android to bolster its search engine dominance, according to a <a href="https://storage.courtlistener.com/recap/gov.uscourts.dcd.223205/gov.uscourts.dcd.223205.1052.0_1.pdf">recent</a> filing on Tuesday. 
The DOJ said it was "considering behavioral and structural remedies that would prevent Google from using products such as Chrome, Play, and Android to advantage Google search and Google search-related products and features — including emerging search access points and features, such as artificial intelligence — over rivals or new entrants."
Potential remedies include imposing contract requirements, enforcing non-discrimination in product offerings, and implementing structural changes. The DOJ also suggests limiting default agreements and revenue-sharing deals, such as those with Apple Inc. and Samsung.
Google&#8216;s Vice President of Regulatory Affairs, Lee-Anne Mulholland, criticized these recommendations in a blog <a href="https://blog.google/outreach-initiatives/public-policy/doj-search-remedies-framework/">post</a> as &#8220;radical,&#8221; warning of potential unintended consequences. 
In a related case, a U.S. judge has mandated Google to provide alternatives to its Play Store for app downloads on Android devices. Google currently holds a 90% market share in search, with &#8220;Google Search &amp; Other&#8221; being a major revenue contributor.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41204472/if-you-invested-1000-in-bitcoin-when-rap-legend-nas-sang-that-he-was-coin-based-basically-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 in Bitcoin When Rap Legend Nas Sang That He Was &#8216;Coin-Based, Basically Crypto-Currency Scarface,&#8217; Here&#8217;s How Much You&#8217;d Have Today</a>
Why It Matters: The DOJ&#8217;s consideration of breaking up Google comes amid ongoing legal battles and regulatory challenges. Recently, Google has been ordered to <a href="https://www.benzinga.com/news/24/10/41220186/google-will-continue-to-fight-epic-games-in-court-to-halt-epic-requested-changes-to-play-store-under">open its Play Store to competitors</a>, a decision the company is appealing, arguing it would &#8220;undercut Android&#8217;s ability to compete with Apple&#8217;s iOS.&#8221; 
Additionally, Google is enhancing its Android security features with <a href="https://www.benzinga.com/news/24/10/41204898/google-starts-rolling-out-ai-powered-security-features-to-combat-android-phone-theft">AI-powered tools to combat phone theft</a>, showcasing its commitment to innovation despite legal hurdles. 
Meanwhile, Waymo, a subsidiary of Google parent Alphabet, is expanding its <a href="https://www.benzinga.com/news/24/10/41184957/ahead-of-tesla-robotaxi-event-alphabets-waymo-partners-with-hyundai-for-autonomous-taxi-expansion">autonomous taxi services</a> through a partnership with Hyundai, highlighting the company&#8217;s diversification efforts. 
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

GOOG

GOOGL

Google Cries Foul As DOJ Moves To Break Up Search Giant, Calls Recommendations 'Radical' As Antitrust Ruling Aims To Limit Its Search Market Monopoly

Palantir Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares have been on a tear ever since <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40766713/palantirs-s-p-500-inclusion-another-validation-moment-as-it-embarks-on-new-era-of-e">the company was added to the S&amp;P 500 Index.</a> The stock inflection has followed an inflection in the company&#8217;s fundamentals, and on Tuesday the data analytics company&#8217;s CTO Shyam Sankar acknowledged that the company is facing a surge in demand.
Offering Business Value: &#8220;This is a unique moment for Palantir,&#8221; <a href="https://www.cnbc.com/video/2024/10/08/palantir-cto-on-surging-demand-enterprise-automation-is-where-the-value-is.html??__source&#x7C;twitter&#x7C;main&#x7C;verticalvideo=TW+vert">said</a> Sankar in an interview with CNBC. The commercial business is seeing tailwinds, the rate of the adoption of artificial intelligence is increasing, and enterprise automation is where the value is and the toolchain, he said, adding that &#8220;It&#8217;s a 10-year overnight success.&#8221;
The foundational investments Palantir made in an ontology are the prerequisites for quickly putting these workflows into production, from a &#8220;charismatic prototype to actual business value,&#8221; the executive said.
He cited one of Palantir&#8217;s clients, a very large U.S. insurance company, as a testimony. The Alex Karp-led company automated all of the insurance underwriting, reducing the time required to do the process from two days to three hours. It is not just time saved, which is the first-order benefit, but a customer can reap the second-order benefit of differentiating from competition, he said, adding that this is a fundamental dislocation of the market.
See Also: <a href="https://www.benzinga.com/money/best-artificial-intelligence-stocks">Best AI Stocks</a>
Taking On Biggies: On Palantir&#8217;s advantages over bigger rivals such as Microsoft, IBM and Alphabet all of which offer services to improve the productivity of clients, Sankar said all the value is going to companies that have built a tool chain that allows you to get to production quickly. &#8220;We've spent the better part of a decade building exactly that,&#8221; he said.
&#8220;You want to solve the whole problem; you have to be able to solve the whole problem and provide the regulators the transparency, the assurance&#8230;..they need to say &#8216;yes this model can be in production, this workflow can be AI-enabled,&#8221; he added.
Sankar also weighed in the cultural differences that forced them to take different approaches toward AI. He noted that Europe looks like a &#8220;deer in headlights,&#8221; as they try to think through the problem. &#8220;If there's anything about AI, it is fundamentally experiential; you cannot think your way through it,&#8221; he said.
 &#8220;If you're paying consultants to help you to think about how to deploy it, you're just lighting money on fire. You have got to roll up your sleeves and get busy implementing it and that is a unique strength of the American commercial markets.&#8221;
AI&#8217;s Affordability: When asked whether AI has become more affordable, Sankar said it has become more effective. &#8220;You kind of get what you pay for and certainly people view us as a premium product but when you get results in weeks instead of years it's clearly worth it,&#8221; he said.
He also weighed in on the opportunity offered by the worsening geopolitical tensions around the world. &#8220;We are as America in an undeclared state of emergency,&#8221; he said pointing to the massacre in Israel a year back, the <a href="https://www.benzinga.com/topic/russia-ukraine-war">Ukraine war, </a>Iran&#8217;s attack on the U.S. bases, and the Chinese Communist Party&#8217;s operations in the South China Sea.
&#8220;These are not disconnected events; there is an axis of authoritarians who have lined up to counter Western and American interests here and we have to rise to that occasion,&#8221; the Palantir CTO said. &#8220;A big part of that is not just the work we do with the military, AI-enabling to kill change, drive deterrence to scare the bejesus out of our enemies but also to reindustrialize America,&#8221; he added.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41201263/meta-stock-returns-pale-next-to-peter-thiels-secretive-data-company-even-as-mark-zuckerberg-comp">Meta Stock Returns Pale Next To Peter Thiel&#8217;s Secretive Data Company Even As Mark Zuckerberg Company&#8217;s AI Advancements Generate Excitement</a></li>
</ul>
Photo: Cory Doctorow Via Flickr.

Media

PLTR

Palantir's Shyam Sankar Says AI Is Experiential And If You Pay Consultants To Help You Think About Deployment 'You're Just Lighting Money On Fire'

CONSOLIDATED NET REVENUES (UNAUDITED)
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sept
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Aug
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sept
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sequential
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
YoY
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(NT$ Million)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Revenues
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
55,579
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
52,930
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
53,535
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+5.0&nbsp;%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+3.8&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sept
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Aug
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sept
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sequential
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
YoY
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(US$ Million)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Revenues
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,739
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,627
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
1,681
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+6.9&nbsp;%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+3.4&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Q3
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Q2
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Q3
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sequential
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
YoY
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(NT$ Million)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Revenues
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
160,105
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
140,238
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
154,167
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+14.2&nbsp;%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+3.9&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Q3
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Q2
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Q3
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Sequential
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
YoY
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(US$ Million)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2024
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
2023
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Revenues
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
4,956
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
4,351
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
4,899
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+13.9&nbsp;%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+1.2&nbsp;%
</td>
</tr>
</tbody>
</table>

ASE Technology Reported September Net Revenue Growth Of 3.4% YoY And Q3 Growth Of 1.2% YoY

The highly anticipated HBO documentary, which has piqued the interest of the cryptocurrency community since its trailer drop, aired Tuesday night and named Peter Todd as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) creator Satoshi Nakamoto.
What happened: The documentary <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">covered Bitcoin&#8217;s roots and introduced</a> various figures from the early days of its development, eventually locking in on the Bitcoin core developer.
In anticipation of the reveal, meme coins referencing the cryptocurrency&#8217;s purported inventors gained popularity, several of which tanked after Todd was identified as Satoshi.
Coins inspired by late computer scientist Len Sassaman, who was briefly <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41200679/len-sassaman-is-bitcoin-creator-satoshi-nakamoto-in-hbo-documentary-polymarket-punters-see">cryptocurrency bettors' favorite</a>, nosedived, with LEN dropping as much as 85%, and SASHA, referencing Sassaman's cat plunging 61%, according to CoinMarketCap.
Memecoin linked to Blockstream CEO Adam Back, who was featured in the documentary, sank over 96%. Similarly, SZABO, inspired by Nick Szabo, whom tech mogul Elon Musk had once alluded to being Satoshi, tumbled nearly 90%.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Losses (Recorded at 2:15 a.m. EDT)</td>
</tr>
<tr>
<td>Adam Back (ADAM)</td>
<td>96.80%</td>
</tr>
<tr>
<td>SZABO</td>
<td>89.74%</td>
</tr>
<tr>
<td>Len Sassaman (Ethereum) (LEN)</td>
<td>85.57%</td>
</tr>
<tr>
<td>SASHA CAT (SASHA)</td>
<td>61.29%</td>
</tr>
</tbody>
</table>
</figure>
Expectedly, a meme coin tied to Todd, PeterTodd, <a href="https://coinmarketcap.com/dexscan/solana/CTR1e6ukfkJs9182rVrkPYhvD4Gdvn2rGoigf2DH32hQ/">exploded </a>by 1591% on the reveal.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243108/peter-schiff-encourages-microstrategy-founder-micheal-saylor-to-borrow-another-4-3b-to-buy">Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To &#8216;Borrow&#8217; Another $4.3B To Buy Bitcoin That US Plans To Sell: &#8216;Once In A While, The Government Does Something Smart&#8217;</a>
Why It Matters: Satoshi Nakamoto is the pseudonym for whoever wrote the Bitcoin <a href="https://bitcoin.org/bitcoin.pdf">whitepaper </a>and is credited with developing the first-ever cryptocurrency project.
Several persons <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">have claimed or were believed</a> to be Satoshi, but their genuine identity is yet to be confirmed.
Even in the latest development, Todd has categorically denied being Satoshi.&nbsp;
Price Action: At the time of writing, Bitcoin was exchanging hands at $62,417.25, barely changed in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243775/xrp-etf-buzz-increases-as-canary-capital-pursues-sec-for-greenlight-on-its-fund-will-the-g">XRP ETF Buzz Increases As Canary Capital Pursues SEC For Greenlight On Its Fund — Will The Gary Gensler-Led Regulator Give Its Nod?</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Peter Todd-Themed Memecoin Explodes Over 1500% After HBO Documentary Identifies Him As Bitcoin-Creator Satoshi Nakamoto — Len Sassaman, Adam Back-Inspired Coins Tank

IBKR

Interactive Brokers And SNB Capital Team Up To Give Investors Direct Access To Saudi Exchange

CNH Industrial N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNH#NYSE">CNH</a>) today announced that its indirect wholly owned subsidiary, CNH Industrial Capital Canada Ltd., has priced Cdn$300 million in aggregate principal amount of&nbsp;4.00%&nbsp;notes due April 11, 2028, with an issue price of&nbsp;99.964%..
CNH Industrial Capital Canada Ltd. intends to add the net proceeds from the offering to its general funds and use them for working capital and other general corporate purposes, including, among other things, the purchase of receivables or other assets in the ordinary course of business, as well as the repayment of indebtedness as it becomes due.

Reported Earlier, CNH Industrial Capital Canada Prices C$300M In 4-Year Senior Unsecured Notes

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 gaining around 1% during the session. Technology stocks recorded gains on Tuesday, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) adding 4% and 3% respectively, during the session.
PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) <a href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges">reported</a> mixed third-quarter results and lowered its 2024 organic revenue guidance.
On the economic data front, the NFIB Small Business Optimism Index rose to 91.5 in September compared to 91.2 in August, and down from market estimates of 91.7. The trade deficit in the U.S. shrank to $70.4 billion in August, recording the lowest level in five months, compared to a revised $78.9 billion gap in July and versus market estimates of a $70.6 billion shortfall.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording the biggest gains on Tuesday. However, energy and materials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 126 points to 42,080.37 on Tuesday. The S&amp;P 500 rose 0.97% to 5,751.13, while the Nasdaq Composite climbed 1.45% at 18,182.92 during Tuesday's session.
Investors are awaiting earnings results from Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>), E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>), and AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 71.9, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 69.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/10/41238686/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

AVGO

ETWO

HELE

NVDA

S&P Gains 1% As Nvidia, Broadcom Shares Surge: Investor Optimism Improves, Fear Index Remains In 'Greed' Zone

<ul>
<li>Collaboration Leverages Technosylva&#39;s Advanced AI and Machine Learning to Strengthen Resilience and Prepare for Extreme Weather</li>
</ul>

Reported Earlier, CenterPoint And Technosylva Collaborate On AI-Driven Weather Resilience Solutions

<ul>
<li>Hyundai Motor Group and&nbsp;Nanyang Technological University,&nbsp;Singapore&nbsp;collaborate in the field of hydrogen energy and advanced energy system</li>
<li>The partnership aims to advance towards carbon neutrality through joint research with world-renowned NTU</li>
<li>HMGICS,&nbsp;NTU and A&#x2A;STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printing</li>
</ul>

HYMTF

Reported Earlier, Hyundai And NTU Singapore Launch Joint Research On Sustainable Energy And Manufacturing Solutions

BPTH

Reported Earlier, Bio-Path Holdings Raises $4M Through At-the-Market Private Placement

KinderCare&#39;s common stock is expected to begin trading on The New York Stock Exchange on October 9, 2024, under the symbol &quot;KLC.&quot; The offering is expected to close on October 10, 2024, subject to customary closing conditions.
KinderCare intends to use the net proceeds that it receives from the offering to repay amounts outstanding under its existing indebtedness and pay expenses.

IPOs

Reported Earlier, KinderCare Learning Prices Initial Public Offering Of 24M Common Shares At $24/Share

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) to report quarterly earnings at $1.04 per share on revenue of $458.24 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Helen of Troy shares gained 2.5% to $63.93 in after-hours trading.</li>
<li>Saratoga Investment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAR#NYSE">SAR</a>) reported better-than-expected earnings and sales results for its second quarter. The company reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of 94 cents per share. Saratoga Investment shares gained 8.1% to $25.50 in the after-hours trading session.</li>
<li>Analysts expect AZZ Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZZ#NYSE">AZZ</a>) to post quarterly earnings at $1.32 per share on revenue of $411.8 million. The company will release earnings after the markets close. AZZ shares gained 1% to $81.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Cardiol Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDL#NASDAQ">CRDL</a>) announced a preliminary prospectus for a proposed public offering of common stock. However, the size of the offering was not disclosed. Cardiol Therapeutics shares dipped 11.7% to $1.7301 in the after-hours trading session.</li>
<li>Analysts expect E2open Parent Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) to post quarterly earnings at 5 cents per share on revenue of $154.82 million after the closing bell. E2open shares gained 2.5% to $4.11 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41238686/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a></li>
</ul>
Photo courtesy: Shutterstock

CRDL

AZZ, Helen of Troy And 3 Stocks To Watch Heading Into Wednesday

Under the terms of the agreement, Newmont is expected to receive cash consideration of&nbsp;$900 million&nbsp;upon closing. A further&nbsp;$100 million&nbsp;is expected to be received upon the satisfaction of certain conditions.1

Reported Earlier, Newmont To Divest Akyem Mine In $1B Deal With Zijin Mining

Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) is reportedly considering expanding its robotaxi unit, Apollo Go, into international markets. This move comes as the company&#8217;s CFO, Rong Luo, transitions to a <a href="https://www.benzinga.com/news/24/10/41233309/why-baidu-stock-is-falling">new role within the company</a>.
What Happened: Baidu&#8217;s Apollo Go is in discussions with several companies to potentially expand its robotaxi services to global markets in the near future, <a href="https://www.cnbc.com/2024/10/09/baidus-robotaxi-unit-is-exploring-expansion-into-global-markets-in-the-near-future.html">reported</a> CNBC, citing a source familiar with the matter. The specifics of the expansion, such as the timing and regions, are yet to be disclosed.
Baidu did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Baidu is a significant player in the Chinese robotaxi market, with regulators in certain regions allowing commercial operations of self-driving taxis, a significant shift from previous regulations that only permitted internal testing.
Meanwhile, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is gearing up for its highly anticipated robotaxi event, scheduled for Thursday. In a separate move, WeRide, another Chinese robotaxi developer, recently announced a partnership with Uber to integrate its cars onto the ride-hailing giant&#8217;s platform in Abu Dhabi.
See Also: <a href="https://www.benzinga.com/news/24/10/41223011/rivians-production-guidance-cut-spurred-by-miscommunication-with-atlanta-based-supplier-resulting-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Rivian&#8217;s Production Guidance Cut Spurred By Miscommunication With Atlanta-Based Supplier, Resulting In Shortage Of Critical Copper Windings For Its Motor: Report</a>
Why It Matters: Baidu&#8217;s move to expand its robotaxi services internationally comes at a time when the company&#8217;s stock is facing challenges. During Tuesday's session, Baidu&#8217;s shares took a hit, dropping by 6.7% to $106.75, as Chinese planning officials reportedly <a href="https://www.benzinga.com/news/24/10/41233309/why-baidu-stock-is-falling">fell short of investor stimulus expectations</a>.
However, Baidu&#8217;s robotaxi unit has been making strides in its domestic market. In August, Goldman Sachs analyst Lincoln Kong noted that Baidu&#8217;s robotaxi unit was <a href="https://www.benzinga.com/news/24/08/40556758/baidus-robotaxi-has-been-getting-closer-to-scalable-adoption-with-unit-economics-breakeven-in-sight">getting closer to scalable adoption</a>, with unit economics breakeven in sight.
Despite Baidu&#8217;s progress, Tesla is still expected to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40573531/why-tesla-is-likely-to-dominate-robotaxi-market-despite-googles-waymo-and-baidu-hol">dominate the robotaxi market</a>, according to Ark Invest analyst Tasha Kenney.
Back in March, Baidu made headlines for launching China&#8217;s first 24/7 robotaxi service, a significant milestone for the company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/03/37558713/whats-going-on-baidu-stock-after-launching-chinas-first-247-robotaxi-service">autonomous ride-hailing service platform Apollo Go</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41201829/tesla-dismisses-recent-recall-of-over-27k-cybertrucks-says-it-is-just-a-free-over-the-air-software-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Dismisses Recent Recall Of Over 27K Cybertrucks, Says It Is Just A Free Over-The-Air Software Update: &#8216;How Will Our Owners Ever Recover From This Ordeal&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global

BIDU

TSLA

Tesla's Party Could Be Crashed By Baidu As Chinese Rival Considers Global Robotaxi Expansion

Following a court ruling, Turkey has banned the <a href="https://www.benzinga.com/government/23/07/33127619/classified-document-leak-on-discord-prompts-pentagon-to-strengthen-security-procedures">widely-used instant messaging</a> platform Discord, according to the country&#8217;s&nbsp;Information Technologies and Communication Authority or BTK.
What Happened: On Wednesday, a court in Ankara, Turkey&#8217;s capital, enforced the ban due to allegations&nbsp;of &#8220;child sexual abuse and&nbsp;obscenity&#8221; associated with the San Francisco-based platform, reported Reuters.
The Turkish Justice Minister, Yilmaz Tunc, a member of Recep Tayyip Erdoğan&#8217;s cabinet, affirmed the government&#8217;s commitment to safeguarding the youth from harmful online content.
Taking to X, formerly Twitter, Tunc said, &#8220;We are determined to protect our youth and children, from the harmful publications of social media and the internet that constitute crimes. We will never allow attempts to shake the foundations of our social structure.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41238300/tesla-robotaxi-ambitions-come-as-most-americans-grow-wary-of-autonomous-tech?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Ambitions Come As Most Americans Grow Wary Of Autonomous Tech</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ankara Cumhuriyet Başsavcılığının talebi üzerine Ankara 1. Sulh Ceza Hakimliği'nce Discord isimli sosyal medya platformuna 5651 Sayılı ‘İnternet Ortamında Yapılan Yayınların Düzenlenmesi ve Bu Yayınlar Yoluyla İşlenen Suçlarla Mücadele Edilmesi Hakkında Kanun'un 8/1 maddesinde…
&mdash; Yılmaz TUNÇ (@yilmaztunc) <a href="https://twitter.com/yilmaztunc/status/1843794353476481226?ref_src=twsrc%5Etfw">October 8, 2024</a></blockquote>
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The ban comes in the wake of public outrage over the murder of two women by a 19-year-old man, with some Discord users glorifying the killings. This incident led to a public backlash&nbsp;against certain communities on the&nbsp;platform, the report noted.
The ban on Discord follows a similar move by Russia&#8217;s communications regulator.
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: This is not the first time Discord has been under scrutiny.
In November last year, the Senate Judiciary Committee subpoenaed Discord&#8217;s CEO Jason Citron, among others, to testify on <a href="https://www.benzinga.com/news/23/11/35887485/senate-demands-answers-from-mark-zuckerberg-linda-yaccarino-and-other-tech-ceos-on-online-child-safe">children&#8217;s online safety</a>. The committee was investigating the companies&#8217; failures in protecting children online.
Apart from Discord, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have also faced allegations of online child abuse and obscenity.
In January 2024, Meta CEO Mark Zuckerberg <a href="https://www.benzinga.com/markets/equities/24/01/36875784/its-terrible-metas-zuckerberg-apologizes-to-families-of-online-child-abuse-victims-at-senate-hea">apologized to the families</a> of online child abuse victims at a Senate hearing. The hearing was also attended by X CEO&nbsp;Linda Yaccarino&nbsp;and Snap Inc.&#8217;s Evan Spiegel.
According to data from the National Center for Missing &amp; Exploited Children, incidents of online enticement surged more than twofold in 2023 compared to the prior year.
At the hearing, Michelle DeLaune, the organization&#8217;s CEO, cautioned Congress that the risks to children have reached a critical juncture.
She highlighted the rising prevalence of &#8220;sextortion,&#8221; a form of coercion where a child is threatened or blackmailed by an individual who claims they will distribute explicit images involving the child.
Moreover, the ban on Discord in Turkey and Russia follows a similar ban on X, the social media platform owned by Elon Musk, in Brazil due to accusations of spreading <a href="https://www.benzinga.com/news/24/09/40678732/just-because-elon-musk-is-rich-the-world-doesnt-have-to-put-up-with-his-far-right-ideology-says-braz">hate speech and misinformation</a>. The ban on X <a href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre">has now been lifted</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41200026/chinese-hackers-breach-at-t-verizon-networks-in-major-wiretap-data-theft-putting-us-national-securit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Hackers Breach AT&amp;T, Verizon Networks In Major Wiretap Data Theft Putting US National Security At Risk: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

Erdoğan's Justice Minister Speaks Up On Discord Ban In Turkey: 'We Are Determined To Protect Our Youth And Children'

Metals Acquisition Limited (&quot;MAC&quot; or the &quot;Company&quot;) is pleased to announce the launch of an institutional placement of approximately 7.8 million new Chess Depositary Interests (&quot;New CDIs&quot;) to raise ~A$140.0 million (~US$96.2 million1) (before costs) (the &quot;Placement&quot;). The New CDIs are to be issued under the Placement at an offer price of A$18.00 per New CDI (&quot;Offer Price&quot;).
Proceeds of the Placement, together with existing cash, enable MAC to better optimise its balance sheet and de-lever following the acquisition of CSA from Glencore plc in mid-2023, while also providing additional flexibility to pursue strategic inorganic growth opportunities

MTAL

Reported Earlier, Metals Acquisition Limited Prices A$140M Institutional Placement At A$18/CDI

ALPMY

Reported Earlier, Takeda, Astellas, And SMBC Partner To Establish Ciconia Bioventures, Driving Early-Stage Drug Discovery In Japan

Delek Logistics intends to use the net proceeds from the offering (including any net proceeds from the underwriters&#39; exercise of their option to purchase additional common units) to redeem its outstanding convertible preferred units and to repay outstanding borrowings under its revolving credit agreement.

Reported Earlier, Delek Logistics Partners Prices Public Offering Of 3,846,153 Common Units At $39/Unit

Lead Real Estate Collaborates With MEDIROM To Integrate Cutting-Edge Healthtech In ENT TERRACE Hotels

SpaceX&#8216;s Starlink team and T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) have activated their Direct-to-Cell coverage to provide emergency alerts for all phones and telecommunications carriers in areas affected by Hurricane Helene as well as <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-second-storm-in-two-weeks-how-disney-theme-parks-insurance-companie">Florida ahead of Hurricane Milton</a>, the company said on Tuesday.
What Happened: The satellites will allow those in hurricane-affected areas to send text messages to their near and dear ones, contact 911, or receive emergency alerts.
When connected to a Starlink satellite, the phone will show &#8220;T-Mobile SpaceX&#8221; in the network name and have one or two bars of signal, the company said. However, messages might not go through on the first try and might require users to retry, the company said while adding that the service is being delivered on a best-effort basis. 
&#8220;The service works best outdoors, and occasionally works indoors near a window,&#8221; the company added. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In addition to the thousands (&gt;10k) of Starlink kits we are delivering in response to Hurricane Helene, the <a href="https://twitter.com/Starlink?ref_src=twsrc%5Etfw">@Starlink</a> team and <a href="https://twitter.com/TMobile?ref_src=twsrc%5Etfw">@TMobile</a> activated our Direct to Cell satellites to provide emergency alerts for all phones and carriers of those in affected areas. The <a href="https://twitter.com/FCC?ref_src=twsrc%5Etfw">@FCC</a> has also…
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1843797123420303789?ref_src=twsrc%5Etfw">October 8, 2024</a></blockquote>
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The company <a href="https://www.benzinga.com/news/24/10/41200194/spacex-and-t-mobiles-direct-to-cell-satellite-service-for-hurricane-hit-areas-green-lighted-by-fcc-a">has also received</a> the Federal Communication Commission&#8216;s (FCC) approval to provide coverage in Florida ahead of Hurricane Milton in addition to areas already impacted by Hurricane Helene, the company said.
Hurricane Milton is now <a href="https://www.benzinga.com/news/24/10/41243307/tesla-advises-owners-to-fully-charge-evs-at-home-as-hurricane-milton-approaches-plans-mobile-superch">approaching Florida's west coast</a>. It is expected to make landfall&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41239644/hurricane-milton-evacuations-a-matter-of-life-and-death-biden-says-feds-bostic-says-storm-could-" target="_blank" rel="noreferrer noopener">late Wednesday near Tampa</a>&nbsp;as a Category 3 storm before moving toward the Atlantic Ocean.
"Evacuations and other preparations should be completed tonight. Milton has the potential to be one of the most destructive hurricanes on record for west-central Florida,"&nbsp;the National Hurricane Center said on Tuesday while also warning of devastating hurricane-force winds and heavy rainfall.
&#8220;Thank you to the FCC for the rapid approval enabling this capability which is so critical to helping those that have been impacted by Hurricane Helene or are in the path of Hurricane Milton,&#8221; SpaceX President Gwynne Shotwell wrote on X on Tuesday. 
The company President also said that emergency alerts including evacuation notices and other messages have already been sent through the Starlink network. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you to the <a href="https://twitter.com/FCC?ref_src=twsrc%5Etfw">@FCC</a> for the rapid approval enabling this capability which is so critical to helping those that have been impacted by Hurricane Helene or are in the path of Hurricane Milton. With this best effort trial – we have sent emergency alerts through the network… <a href="https://t.co/WTKhoSoS0d">https://t.co/WTKhoSoS0d</a>
&mdash; Gwynne Shotwell (@Gwynne_Shotwell) <a href="https://twitter.com/Gwynne_Shotwell/status/1843830928046694605?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
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Starlink kits have been part of the efforts to restore connectivity in regions impacted by Hurricane Helene. SpaceX said on Tuesday that it is delivering over 10,000 Starlink kits in response to the hurricane. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/10/41221616/elon-musks-spacex-says-starship-to-fly-for-5th-time-as-soon-as-oct-13-but-theres-a-catch">Elon Musk&#8217;s SpaceX Says Starship To Fly For 5th Time As Soon As Oct 13, But There&#8217;s A Catch</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

TMUS

SpaceX's Starlink And T-Mobile Get Approval To Roll Out Direct-To-Cell Coverage In Florida Before Hurricane Milton Makes Landfall

Granite Creek Copper Ltd. (TSE:GCX) has released an update. Granite Creek Copper Ltd. has launched a non-brokered private placement seeking to rais...

Granite Creek Copper's Strategic Financing Move

Granite Creek Copper Ltd. (TSE:GCX) has released an update. Granite Creek Copper Ltd. has successfully completed a private placement financing roun...

Granite Creek Copper Secures $1.5 Million Financing

Granite Creek Copper (TSE:GCX) has released an update. Granite Creek Copper Ltd. has unveiled their 2024 exploration plans for the Carmacks copper-...

Granite Creek Copper Sets 2024 Yukon Drill Targets

Granite Creek Copper (TSE:GCX) has released an update. Granite Creek Copper has initiated a significant drilling program at its Carmacks copper-gol...

Granite Creek Copper Begins Major Yukon Drill Campaign

Granite Creek Copper (TSE:GCX) has released an update. Granite Creek Copper Ltd. announced the discovery of a new mineralized zone at its Carmacks ...

Granite Creek Copper Unveils New Discovery in Yukon

Press Releases

Granite Creek Copper Receives Final Metallurgical Results Demonstrating 88% Oxide Copper Recovery

Offerings

Granite Creek Copper Announces $1,600,000 Private Placement Financing

Granite Creek Copper Closes $1.5 Million Private Placement Financing

Granite Creek Copper Announces 2024 Exploration Program at Carmacks Project in Yukon, Canada

Granite Creek Copper Launches 2024 Drill Campaign at Carmacks Copper-Gold-Silver Project  in Yukon, Canada

Granite Creek Copper Discovers New Zone in 2024 Drilling at Carmacks Copper-Gold-Silver Project in Yukon, Canada

TSXV:GCX

Granite Creek Copper

Source: <a href="https://www.streetwisereports.com/article/2024/05/28/copper-industry-sees-surge-in-demand-and-prices.html?utm_medium=feed">Streetwise Reports 05/28/2024</a>

With copper prices soaring amid supply shortages and the green energy transition, four companies might benefit.

As copper continues to surge above US$11,000 per ton, some analysts say it is time to jump in the new copper market. As the prices for copper have soared due to financial investors betting on supply shortages and a massive squeeze in the New York market, pushing them to record highs this week, it many analysts are seeing bright things in its future.

&quot;Comex&#39;s short squeeze is redirecting copper to the U.S., depleting inventories elsewhere&quot; said Gong Ming, an analyst with Jinrui Futures Co. &quot;The Chinese market is likely to see inventory withdrawals soon as exports rise.&quot; The demand for copper has surged due to its crucial role in the energy transition, with supply disruptions and sustained price rallies drawing more financial investors into the market.

<h2>The Catalyst: Copper&#39;s Vital Role in Energy Transition</h2>

Javier Blas of Bloomberg Opinion noted that copper is increasingly being viewed as the new oil in the context of climate change, essential for electrifying everything from vehicles to heating systems.

&quot;In the climate-change era, copper is the new oil&quot; Blas wrote, emphasizing the metal&#39;s critical role in the energy transition. Despite this, Blas cautioned against over-exuberance, highlighting that the physical copper market, particularly in China, remains weak with historically low premiums.

CRU Group, a metals market consultancy, presents a more nuanced view, projecting copper demand to reach 35 million tons by 2050, significantly lower than the most bullish forecasts. However, the supply side also presents challenges, as the easiest deposits have already been tapped, requiring new production from lower-grade ores and more difficult geographies.

In Pretriotates&#39; Thoughts on May 19, the site explained the scarcity of copper, &quot;The prices of the various maturities of futures show whether there is a shortage of supply in the spot market or not. If a higher price is paid over a longer term, there is sufficient copper in the exchange warehouse (contango). However, if stocks become scarce, a higher price is paid for futures with a shorter term &mdash; this is known as &#39;backwardation.&#39; On the London Metals Exchange (LME), the situation has just changed from contango to backwardation. The copper stock is slowly running out.&quot;

On that same day, Richard Mills at Ahead of the Herd also called attention to the supply and demand situation for copper, writing, &quot;That supply is locked up. It&#39;s been previously stated that we need to find 6 million more tonnes of copper, 1 million per year of new copper production if we want to alleviate the deficit &mdash; the equivalent production of one Escondida mine each year &mdash; but only one of the five mines, Kamoa, has the capability of producing close to that much copper. But Kamoa&#39;s production is going to China.&quot;

According to Mordor Intelligence, the copper market is significantly shaped by the growing demand in the electrical and electronics segment. Copper is extensively used in applications such as wires, cables, dynamos, transformers, motors, electromagnets, switches, communication cables, and residential electrical circuits due to its excellent conductive properties. The rise in electric vehicle production has also boosted copper demand, as components like foils, stators, rotors, shaft heads, hollow wires, and motors in these vehicles are copper-intensive.

Mordor Intelligence reports that the global production by the electronics and IT industries increased by 11% year over year in 2021, reaching US$3,415.9 billion, according to the Japan Electronics and Information Technology Industries Association (JEITA). This growth is expected to further drive demand for copper in the electronics sector. In the United States, the Consumer Technology Association (CTA) projects the consumer technology sector to grow to US$505 billion in retail sales revenue by the end of the year, with a 2.8% rise in sales over 2021&#39;s growth. This increase in demand for new technological products is anticipated to expand the copper market during the forecast period.

With this, we wanted to share some companies on the Streetwise list that may benefit from the copper market.

<h2>Blackwolf Copper &amp; Gold Ltd.</h2>

Blackwolf Copper &amp; Gold Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BWCGF#OTC">BWCGF</a>) has a history of finding promising results, Red Cloud Securities analyst Taylor Combaluzier noted earlier this year, a record of success that prompted strategic shareholder Frank Giustra to increase his stake in the company in late October of 2023.

Blackwolf recently announced that it found grades as high as 19.9 grams per tonne gold (g/t Au) on the company&#39;s Cantoo property, located in Alaska&#39;s Golden Triangle.

Combaluzier rated Blackwolf a Buy with a target share price of CA$0.55 and a more than 350% increase from the price at the time of the report. The company&#39;s stock could have even more potential, he noted. &quot;Positive exploration results and/or a discovery could potentially help drive the stock price higher.&quot;

As Jay Taylor from Hotline noted on May 10, &quot;Blackwolf Copper &amp; Gold Ltd. and Treasury Metals have announced they are upsizing their combined merger-related financing from CA$4M to CA$6.4M . . . this combination renders Blackwolf a near-term producer while providing the combined entity some exceptional exploration projects in British Columbia and Alaska.&quot;

Technical Analyst Clive Maund took an in-depth look at Blackwolf on May 2 and came away with a strong outlook.

Maund wrote, &quot;The conclusion is that Blackwolf Copper and Gold is trading at an extremely low price after a severe and prolonged bearmarket and it is showing strong signs that it is very close to completing a low level basing pattern that will soon trigger a breakout into a major new bullmarket against the background of the gathering copper and gold bullmarket. It is therefore rated an immediate Strong Buy for all timeframes.&quot;

According to data from the latest press release, management and insiders hold 19.23% of the Blackwolf Copper &amp; Gold. This includes Frank Giustra.

With this transaction, Treasury Metals, along with other strategic investors, holds 37.03%

The rest is with retail.

According to Market Watch, the company currently has a market cap of approximately CA$15.32 million, trading within a 52-week price range of CA$0.09 to CA$0.37.

<h2>Granite Creek Copper Ltd.</h2>

Granite Creek Copper Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GCXXF#OTC">GCXXF</a>) is gaining traction with its promising Carmacks project in Yukon, Canada.

As Ryan Walker of Echelon Capital Markets said in August, &quot;Granite Creek Copper Ltd. is seeking to attract a major company to consolidate a Yukon Territoy area into a local copper giant.

According to Granite President and CEO Timothy Johnson, the company&#39;s CA$220M Carmacks project and the past-producing Minto Metals mine could form a 30-year operation to produce 2 Blb copper. There are many undrilled targets at Carmacks, and the district as a whole is ripe for consolidation.&quot;

According to Reuters, insiders own 5.74% or 9.23 million shares of Granite Creek Copper. One of the five insiders is the Chairman of the Board, President and CEO Timothy Johnson, with 2.54% or 4.08 million shares. The other four, all directors, are Robert Sennott with 1.87% or 3.01 million shares, Michael Rowley with 1.06% or 1.71 million shares, John Cumming with 0.26% or 0.42 million shares, and Loy Chunpongtong with 0% or 0.01 million shares.

The company does not have any institutional investors.

Retail investors own the remaining 94.26%.

Granite Creek has 198 million shares outstanding and 188.77 million free-float traded shares. The company&#39;s market cap is CA$8.9 million, and it trades in a 52-week range of CA$0.03 to CA$0.08 per share.

<h2>Stillwater Critical Minerals</h2>

Stillwater Critical Minerals (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PGEZF#OTC">PGEZF</a>) is developing its flagship copper-nickel project in Montana, U.S.A. The project is noted for its high-grade copper and nickel resources, which are essential for the growing electric vehicle and renewable energy markets.

Analyst Richard Mills from Ahead of the Herd highlighted that Stillwater&#39;s project is strategically significant due to its location and the quality of its resources. Mills noted, &quot;The company&#39;s assets are crucial for the supply chain, especially given the increasing demand for copper in energy transition technologies.&quot;

On April 1, Chris Temple of The National Investor wrote of Stillwater investment opportunities, &quot;Stillwater Critical Minerals is one of my recommendations that has at least some meaningful copper component in the story . . . the company&#39;s Stillwater West project in Montana (benefitting anew from investments into the company by Glencore, most recently as the lead/major investor in a current private placement) is a rich, albeit complex, area sporting precious metals, base metals and platinum group metals.&quot;

An October report from Couloir Capital had this to say, &quot;We expect the company to add more resources at Stillwater West via the current drill campaign. This should drive the valuation higher.&quot;

Couloir then went on to project a bright future, writing, &quot;Even with the revised fair value price, the projected upside for investors in this mining exploration company is still significant, at 106%.&quot;

Management and insiders own approximately 20% of Stillwater, according to the company.

Executive Chairman and Director Gregory Shawn Johnson owns 2.95%, President and CEO Micheal Victor Rowley owns 2.58%, Independent Director Gregor John Hamilton owns 1.64%, Independent Director Gordon L. Toll owns 0.51%, and Vice President of Exploration Daniel F. Grobler owns 0.21%, according to Reuters.

Institutions own approximately 25% of the company.

High net-worth investors own about 27%, and Glencore Canada Corp. owns 9.99%. About 18% of the company&#39;s shares are in retail, Stillwater said.

There are 197.79 million shares outstanding with 162.25 million free float traded shares, while the company has a market cap of CA$30.66 million and trades in a 52-week range of CA$0.13 and CA$0.23.

Important Disclosures:

<ol>
	<li>Blackwolf Copper, Granite Creek Copper, and Stillwater Critical Minerals are billboard sponsors of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Blackwolf Copper.</li>
	<li>James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
	<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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