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Former U.S. President Donald Trump has experienced a series of political triumphs this week, following President Joe Biden&#8216;s lackluster performance in their inaugural debate <a href="https://www.benzinga.com/news/24/06/39241154/trump-vs-biden-hush-money-conviction-signals-good-news-for-one-candidate-in-tight-presidential-race">and two positive Supreme Court rulings. </a>
What Happened: Despite facing criticism for his own debate performance, Trump managed to capitalize on Biden&#8217;s apparent memory lapses and strained voice, which have raised concerns about the 81-year-old president&#8217;s health. Trump&#8217;s sharp retorts during the debate have caused unease among Democrats.
&#8220;Trump is benefiting only in the sense that Biden did not benefit,&#8221; Christian Grose, a professor of political science and public policy at the University of Southern California, <a href="https://www.businessinsider.com/donald-trump-wracks-up-wins-biden-debate-supreme-court-2024-6">told</a> Business Insider.
Grose, however, pointed out that the majority of voters have already made up their minds and Biden&#8217;s poor performance is unlikely to convince Democrats to switch sides.
In a development that occurred less than 24 hours after the debate, the Supreme Court overturned the Chevron doctrine, a decision that conservatives have long championed, and reduced charges for several individuals involved in the Jan. 6, 2021 riots. Both rulings are perceived as victories for Trump, who appointed three conservative justices during his tenure.
Also Read: <a href="https://www.benzinga.com/news/24/06/39563576/following-debate-latest-poll-among-democrats-signals-major-trouble-for-joe-biden-although-theres-one">Following Debate, Latest Poll Among Democrats Signals Major Trouble For Joe Biden — Although There&#8217;s One Silver Lining</a>
However, Grose warned that these wins could potentially harm Trump&#8217;s campaign by reminding voters of the Supreme Court&#8217;s conservative shift under his administration. 
Additionally, Trump&#8217;s refusal to accept responsibility for his actions could deter undecided voters, particularly if the Supreme Court grants him extensive immunity.
&#8220;We just have to wait and see how the polls shake out,&#8221; Grose added.
Why It Matters: The recent events have undoubtedly given Trump a political boost, but whether this momentum will translate into electoral gains remains to be seen. 
The Supreme Court&#8217;s rulings and Biden&#8217;s debate performance could potentially influence public opinion and shape the political landscape in the lead-up to the next election. However, as Grose pointed out, most voters have already made up their minds, and these developments may not significantly alter the political dynamics. 
The impact of these events on Trump&#8217;s political fortunes will become clearer as the polls unfold.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39124499/following-trumps-guilty-verdict-legal-experts-say-he-could-face-this-punishment-instead-of-prison-ti" target="_blank" rel="noreferrer noopener">Following Trump's Guilty Verdict, Legal Experts Say He Could Face This Punishment Instead Of Prison Time</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Politics

Outside Last Week's Debate, Trump Gained Momentum With Two Supreme Court Major Developments — For Better Or Worse

The week was buzzing with major tech news, with artificial intelligence (AI) taking center stage. From potential partnerships to analyst upgrades and deepfake concerns, here&#8217;s a round-up of the top stories that made headlines.
Meta Eyes Apple&#8217;s AI
Reports surfaced over the weekend that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are in talks about a potential AI partnership. Wedbush Securities analyst Dan Ives shared his insights, stating that Meta&#8217;s interest lies in integrating its generative AI model into Apple&#8217;s new AI system, Apple Intelligence.
<a href="https://www.benzinga.com/news/24/06/39471487/dan-ives-says-the-golden-goose-for-meta-is-apple-intelligence-right-now-youre-on-the-outside-of-this">Read the full article here</a>.
Apple&#8217;s AI Initiatives Impress Analysts
Rosenblatt analyst Barton Crockett upgraded shares of Apple from Neutral to Buy, raising the price target from $196 to $260. This bullish stance comes on the heels of Apple&#8217;s AI initiatives showcased at the company&#8217;s Worldwide Developers Conference earlier this month.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39503743/apple-to-gain-market-share-with-ai-smartphone-says-bullish-analyst-skate-to-where-t">Read the full article here</a>.
See Also: <a href="https://www.benzinga.com/news/24/06/39515667/jeff-bezos-doubled-productivity-at-amazon-in-its-infancy-by-simply-buying-a-table-the-most-brilliant?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos Doubled Productivity At Amazon In Its Infancy By Simply Buying A Table</a>
Deepfakes and the Future of Reality
Twitter co-founder and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) CEO, Jack Dorsey, warned about the increasing difficulty in distinguishing between reality and fabrication due to the proliferation of deepfakes. He made these remarks at the Festival of the Sun, an event curated by producer Rick Rubin.
<a href="https://www.benzinga.com/news/24/06/39449884/twitter-co-founder-jack-dorsey-thinks-deepfakes-are-taking-us-toward-a-simulated-future-elon-musk-as">Read the full article here</a>.
AI Safety Remains a Priority for Anthropic&#8217;s CEO
Dario Amodei, CEO of Anthropic, an AI startup backed by Alphabet Inc.'s Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and Jeff Bezos' Amazon.com Inc., reaffirmed his commitment to AI safety, irrespective of the 2024 elections outcome. He expressed his intentions to work with the next president to ensure AI safety and stay ahead of adversaries in this technology.
<a href="https://www.benzinga.com/news/24/06/39450394/whether-donald-trump-wins-election-or-joe-biden-jeff-bezos-backed-anthropics-ceo-says-my-message-is">Read the full article here</a>.
Arm Holdings CEO on the Rapid Growth of AI
Rene Haas, CEO of SoftBank Group subsidiary Arm Holdings, believes that analysts have underestimated the pace at which AI is advancing. He pointed out that AI will significantly change people's lives and that 70% of the world's devices use Arm chips, positioning the company well in the AI race.
<a href="https://www.benzinga.com/markets/equities/24/06/39470998/arm-holdings-ceo-rene-haas-says-experts-underestimated-the-rapid-growth-of-ai-the-analysts-maybe">Read the full article here</a>.
Read Next: <a href="https://www.benzinga.com/news/24/06/39494097/chatgpt-parent-openai-to-block-access-to-ai-tools-amid-growing-tech-tensions-between-washington-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">ChatGPT-Parent OpenAI To Block Access To AI Tools Amid Growing Tech Tensions Between Washington And Beijing</a>
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>

Tech

AAPL

GOOG

GOOGL

Apple's AI Initiatives Impress Analysts, Meta Eyes Apple Intelligence, Arm Holdings CEO On Rapid Growth Of AI And More: This Week In AI

The past week has been a rollercoaster for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a mix of potential partnership rejections, health accusations, and product leaks making headlines. Here&#8217;s a quick recap of the top stories involving the tech giant.
Apple Rejects Meta&#8217;s AI Integration Proposal
Despite initial discussions in March, Apple has reportedly declined Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) proposal to incorporate its AI chatbot, Llama, into the iPhone. The decision was partially due to Apple&#8217;s concerns about Meta&#8217;s privacy practices, according to Bloomberg.
<a href="https://www.benzinga.com/news/24/06/39470144/apple-reportedly-said-no-to-metas-offer-for-iphone-ai-integration-due-to-privacy-policy-concerns">Read the full article here.</a>
Former Employee Accuses Apple of Chemical Exposure
Ashley Gjovik, a former Apple employee, has accused the company of exposing her to hazardous chemicals from a secret chip manufacturing facility, leading to severe health issues. The Environmental Protection Agency (EPA) reportedly found 19 potential violations of regulations by Apple at the Santa Clara site.
<a href="https://www.benzinga.com/news/24/06/39470644/former-apple-employee-claims-she-nearly-died-due-to-chemical-exposure-from-secret-chip-plant-i-tippe">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39467166/dan-ives-says-apple-stock-is-headed-to-300-tim-cook-could-claim-godfather-of-ai-tit?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dan Ives Says Apple Stock Is Headed To $300, Tim Cook Could Claim &#8216;Godfather Of AI&#8217; Title</a>
Meta&#8217;s &#8216;Golden Goose&#8217; is Apple Intelligence
Wedbush Securities analyst Dan Ives has shared his insights on the potential AI partnership between Apple and Meta. According to Ives, Meta&#8217;s primary interest in the partnership is to penetrate the Apple layer, similar to OpenAI, to tap into Cupertino's significant consumer base.
<a href="https://www.benzinga.com/news/24/06/39471487/dan-ives-says-the-golden-goose-for-meta-is-apple-intelligence-right-now-youre-on-the-outside-of-this">Read the full article here.</a>
Apple Watch X Rumored to Feature Largest Display Yet
Leaked images of the rumored Apple Watch X or Series 10 suggest a larger display and a thinner case. The device is reportedly larger than the current Series 9 but smaller than the Ultra.
<a href="https://www.benzinga.com/news/24/06/39518145/apple-watch-x-cupertinos-special-10th-anniversary-edition-to-reportedly-feature-largest-display-yet">Read the full article here.</a>
Apple&#8217;s Plan to Reduce Assembly Workforce Faces Setback
Apple&#8217;s plan to cut its iPhone assembly workforce by up to 50% over the next few years is reportedly facing challenges due to precision issues. The decision to favor automation over human workers is partly influenced by the supply chain disruptions and delays caused by the COVID-19 pandemic.
<a href="https://www.benzinga.com/news/24/06/39474703/tim-cooks-goal-to-slash-assembly-workers-by-up-to-50-faces-setback-apple-reportedly-facing-precision">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39503743/apple-to-gain-market-share-with-ai-smartphone-says-bullish-analyst-skate-to-where-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple To Gain Market Share With AI Smartphone, Says Bullish Analyst: &#8216;Skate To Where The AI Puck Is Going</a>
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>

Apple Rejects Meta's AI Integration Proposal, Ex-Employee Accuses iPhone-Maker Of Chemical Exposure And More: This Week In Appleverse

As the week wraps up, we look back at a week filled with political debates, social media commentary, and some serious allegations. From Elon Musk&#8216;s witty take on the presidential debate to Bernie Sanders&#8216; concerns about drug pricing, and Mark Cuban&#8216;s accusations against Donald Trump, the week was nothing short of eventful. Here&#8217;s a quick roundup of the top stories.
Musk&#8217;s Take on the Presidential Debate CEO of Tesla Inc., Elon Musk, shared his unique perspective on the recent presidential debate via X, formerly Twitter. In a world where memes rule, Musk declared the debate a &#8220;clear victory…for memes,&#8221; amidst a social media frenzy of memes and video clips featuring presidential candidates Joe Biden and Donald Trump. <a href="https://www.benzinga.com/news/24/06/39548930/elon-musk-says-first-presidential-debate-was-a-clear-victory-not-for-trump-or-biden-but-for">Read the full article here.</a>
Trump Triumphs in Flash Poll Following the first presidential debate, a flash poll revealed that Donald Trump, the presumptive Republican candidate, was the clear winner. The poll, conducted by SSRS on behalf of CNN, showed that 67% of debate watchers believed Trump outperformed Biden, who only received a better performance rating from 33% of respondents. <a href="https://www.benzinga.com/news/24/06/39543594/biden-vs-trump-flash-poll-picks-debate-winner-but-over-one-third-of-voters-doubt-his-ability-to-lead">Read the full article here.</a>
Sanders Criticizes Ozempic Pricing Bernie Sanders (I-Vt.) expressed his concerns about the pricing of popular diabetes drug, Ozempic, and its manufacturer, Novo Nordisk. In a tweet, Sanders pointed out that the drug&#8217;s manufacturer is charging U.S. consumers 10-15 times more than consumers in other countries, predicting that Ozempic will likely become one of the best-selling pharmaceutical products in history. <a href="https://www.benzinga.com/news/24/06/39515914/bernie-sanders-ozempic-will-likely-become-one-of-the-best-selling-pharmaceutical-products-in-history">Read the full article here.</a>
Cuban Slams Trump Billionaire entrepreneur Mark Cuban took to X, formerly Twitter, to criticize former President Donald Trump's actions. Cuban highlighted various controversial actions by Trump, including Trump University, the 2020 election, and immigration policies. He accused Trump of ripping off thousands of hard-working Americans and not paying his bills. <a href="https://www.benzinga.com/news/24/06/39516013/mark-cuban-accuses-trump-of-ripping-off-thousands-of-hard-working-americans-and-not-wanting-to-leave">Read the full article here.</a>
Trump Jr. Bets on Father&#8217;s Golf Skills Following the first presidential debate, Donald Trump Jr. expressed his confidence in his father&#8217;s golfing skills. He offered to bet &#8220;everything&#8221; on his father if a golf match were to take place between former President Donald Trump and incumbent President Joe Biden. <a href="https://www.benzinga.com/news/24/06/39541782/donald-trump-jr-says-he-will-bet-everything-on-his-father-if-joe-biden-and-the-former-president-have">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/news/24/06/39539797/john-bolton-says-it-would-be-a-mistake-if-this-issue-werent-discussed-at-trump-biden-debate-tonight?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">John Bolton Says It Would Be A Mistake If This Issue Weren&#8217;t Discussed At Trump-Biden Debate Tonight</a>
Image Via Shutterstock

General

Elon Musk's Take On Biden Vs. Trump Debate, Bernie Sanders Criticizes Ozempic Pricing And More: Top Political Updates This Week

The weekend was abuzz with a flurry of news, from reports on national debt to the latest Federal Reserve stress test results. Former President Donald Trump&#8217;s economic policies were under scrutiny, while the call for a rate cut by a prominent economist added to the mix. Here&#8217;s a quick recap of the top stories.
Fed Stress Test Results
Bank of America analyst Ebrahim H. Poonawala highlighted the &#8220;inherent opacity&#8221; of the Federal Reserve stress test results. The tests revealed a wide range of impacts on minimum capital requirements, with Goldman Sachs experiencing the largest year-over-year increase in its stress capital buffer (SCB). This could potentially slow down share buybacks and negatively impact return on equity (ROE) in the latter half of 2024.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39531404/bank-of-america-analyst-highlights-fed-stress-test-opacity-varying-bank-impacts-gol">Read the full article here.</a>
Trump&#8217;s Debt Legacy
A recent report by the non-partisan Committee for a Responsible Federal Budget (CRFB) revealed that former President Donald Trump added nearly twice as much to the national debt as President Joe Biden. Trump&#8217;s tenure saw an addition of $8.4 trillion to the national debt, while Biden has added $4.3 trillion with seven months left in his term. Trump&#8217;s debt approvals from 2017 through 2021 included $4.8 trillion in non-COVID related and $3.6 trillion in COVID relief.&nbsp;
<a href="https://www.benzinga.com/government/24/06/39462030/trump-added-nearly-two-times-more-to-the-national-debt-than-biden-while-in-office-new-report">Read the full article here.</a>
Newsom&#8217;s Warning On Trump&#8217;s Economic Plan
California Governor Gavin Newsom criticized Trump&#8217;s economic policies, warning that they could cost working families up to $8,300 in higher taxes. Newsom accused Trump of making America more expensive, with measures that would impose an additional 10% tariff on everyday goods and increase labor and production costs for companies.&nbsp;
<a href="https://www.benzinga.com/news/24/06/39518400/gavin-newsom-warns-trumps-big-economic-plan-could-cost-working-families-up-to-8-300-in-higher-taxes">Read the full article here.</a>
Nobel Laureates Warn Of Inflation Under Trump
Sixteen Nobel Prize-winning economists issued a joint warning about the potential economic risks of a second Trump term. They cautioned that Trump&#8217;s proposed policies could reignite inflation, with measures such as making his first-term tax cuts permanent and imposing universal tariffs on all imports.&nbsp;
<a href="https://www.benzinga.com/news/24/06/39494434/trump-will-reignite-inflation-say-16-nobel-prize-winning-economists-in-a-letter-joe-bidens-economic">Read the full article here.</a>
El-Erian&#8217;s Call For Rate Cut
Mohamed El-Erian, chief economic adviser at Allianz, suggested that the Federal Reserve should consider a rate cut in July. However, he expressed skepticism about the likelihood of this happening, pointing to disagreements regarding inflation dynamics and a rapidly slowing economy.&nbsp;
<a href="https://www.benzinga.com/fintech/24/06/39494283/mohamed-el-erian-calls-for-july-rate-cut-by-but-says-i-dont-think-fed-will-take-this-step-we-are-liv">Read the full article here.</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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Media

Gavin Newsom's Warning On Trump's Economic Plan, Mohamed El-Erian's Call For Rate Cut And More: This Week In Economics

In the wake of a debate performance that drew widespread criticism, speculation has been reignited about whether President Joe Biden should bow out before the November election.
What Happened: David Axelrod, a former senior advisor to the White House during President Barack Obama&#8216;s tenure, voiced concerns about Biden&#8217;s debate showing. 
Axelrod <a href="https://www.cnn.com/2024/06/28/politics/joe-biden-debate-performance-panic/index.html">told</a> CNN, &#8220;There are going to be discussions about whether he should continue.&#8221;
Despite the backlash, Biden has stood firm in his reelection bid, pointing to his age as a strength and underscoring his achievements such as the bipartisan infrastructure bill and the Inflation Reduction Act.
Potential Successors
Should Biden decide to step down, several potential successors have been named, as reported <a href="https://www.businessinsider.com/biden-reelection-democrats-harris-newsom-whitmer-klobuchar-booker-cooper-moore-2024-2#vice-president-kamala-harris-1">by</a> Business Insider. Vice President Kamala Harris is viewed as a likely successor, having collaborated closely with Biden on a range of issues. However, her 2020 presidential bid failed to resonate with voters, sparking doubts about her electability.
Also Read: <a href="https://www.benzinga.com/news/24/06/39563576/following-debate-latest-poll-among-democrats-signals-major-trouble-for-joe-biden-although-theres-one">Following Debate, Latest Poll Among Democrats Signals Major Trouble For Joe Biden — Although There&#8217;s One Silver Lining</a>
Gavin Newsom, the governor of California, is another potential contender. Despite calls for Biden to abandon his reelection campaign, Newsom defended Biden&#8217;s performance, describing such discussions as &#8220;unnecessary.&#8221;
Other potential successors include Michigan Governor Gretchen Whitmer, Minnesota Senator Amy Klobuchar, New Jersey Senator Cory Booker, North Carolina Governor Roy Cooper, and Maryland Governor Wes Moore.
Why It Matters: Despite the ongoing speculation, it remains unlikely that Biden will exit the race, as he is the only Democrat to have defeated Trump to date. 
If Biden were to step aside, the Democratic National Convention, scheduled to take place in Chicago this August, would be tasked with selecting a new nominee.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39241154/trump-vs-biden-hush-money-conviction-signals-good-news-for-one-candidate-in-tight-presidential-race" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Hush-Money Conviction Signals Good News For One Candidate In Tight Presidential Race</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

These Are The Top Democratic Contenders Who Could Succeed Biden If President Were To Bow Out Of

If re-elected in November, <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a> would reportedly withdraw the United States from the <a href="https://www.benzinga.com/topic/climate-change" target="_blank" rel="noreferrer noopener">Paris climate accord for the second time.</a>
Politico <a href="https://www.politico.com/news/2024/06/28/trump-paris-climate-treaty-withdrawal-again-00165903" target="_blank" rel="noreferrer noopener">reported</a>, citing a campaign spokesperson, that conservatives have spent years preparing for Trump&#8217;s withdrawal from the global agreement aimed at reducing greenhouse gas emissions.
After years of groundwork by conservatives, including drafting executive orders, Trump is poised to withdraw from the global climate agreement if re-elected, a lawyer familiar with the process told Politico.
One of these measures is a draft order that could potentially withdraw the United States from the entire United Nations framework supporting global climate negotiations, a move with significant implications for efforts to mitigate global warming.
On Friday, Trump campaign national press secretary Karoline Leavitt confirmed that if asked, Trump would repeat his decision to withdraw the United States from the landmark climate agreement, stating, &#8220;Yes, he has said that,&#8221; the report noted.
Trump&#8217;s intention to withdraw from the Paris accord isn&#8217;t unexpected, following his previous withdrawal and lobbying efforts by conservatives. During a recent debate with President <a target="_blank" href="https://www.benzinga.com/topic/joe-biden" rel="noreferrer noopener">Joe Biden</a> in Atlanta, Trump criticized the agreement as &#8220;a rip-off of the United States&#8221; and &#8220;a disaster.&#8221;
Industry lawyers have reportedly been drafting various executive orders on energy policies for Trump to potentially sign, the report added, citing sources familiar with the effort.
The Paris Agreement is &#8220;a bad deal for the United States,&#8221; said Mandy Gunasekara, the EPA head of staff during the Trump administration and writer of Project 2025&#8217;s energy and environmental provisions. 
&#8220;It does little to meaningfully reduce emissions. It&#8217;s been used to justify onerous regulations that make energy more expensive,&#8221; Politico added.
Given its significant funding role, the U.S.&#8217; departure would hinder the UNFCCC&#8217;s (United Nations Framework Convention on Climate Change) operations. It could also pose considerable challenges for a future president seeking to rejoin the Paris Agreement.
Read Next:<a href="https://www.benzinga.com/markets/equities/24/06/39563622/is-kamala-harris-the-answer-to-joe-bidens-shortcomings-poll-hints-at-voter-sentiment-toward-poss"> Is Kamala Harris The Answer To Joe Biden&#8217;s Shortcomings? Poll Hints At Voter Sentiment Toward Possible Replacement Candidate</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Equities

Trump Campaign Signals Intent To Withdraw US From Paris Climate Accord Again: Report

During the recent presidential debate between <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump </a>and <a href="https://www.benzinga.com/topic/joe-biden" target="_blank" rel="noreferrer noopener">Joe Biden</a>, the president sought to showcase his preparedness for another term in office, <a href="https://www.benzinga.com/news/24/06/39562453/us-allies-urge-biden-to-step-down-after-disastrous-debate-performance-important-to-manage-ones-ride" target="_blank" rel="noreferrer noopener">addressing the high expectations of the American public</a>.
However, a recent <a href="https://www.nytimes.com/2024/06/28/opinion/biden-election-debate-trump.html" target="_blank" rel="noreferrer noopener">op-ed</a> by The New York Times&#8217; editorial board points out how Biden has noticeably changed since the start of his first term. 
The president faced challenges articulating his second-term agenda, countering Trump&#8217;s provocations, and holding him accountable for falsehoods and concerning proposals. Multiple times, he struggled to complete sentences, the board wrote. 
Following the debate, Poland&#8217;s top diplomat,&nbsp;Radoslaw Sikorski, compared Biden and the last of the &#8220;five good emperors&#8221; of ancient Rome, who made a detrimental decision in his final years, leading to civil war.
&#8220;It&#8217;s important to manage one&#8217;s ride into the sunset,&#8221; Sikorski <a href="https://x.com/sikorskiradek/status/1806597637740576910" target="_blank" rel="noreferrer noopener">said</a> in a post on X on Friday. 
Calls For A Fresh Face
Polls and interviews indicate voters are eager for new voices to challenge Trump. Biden&#8217;s supporters are finding solace in the possibility of rallying behind an alternative candidate.
The editorial board added that, unlike in many democracies, where campaigns last a few months, U.S. presidential elections are multiyear endeavors, so there is still time for a fresh face.
The most straightforward strategy for Democrats to defeat Trump is to recognize that Biden may not be able to continue his campaign and establish a process to nominate a more capable candidate to challenge Trump in November.
It represents the optimal opportunity to safeguard the nation&#8217;s spirit — the driving force that prompted Biden to pursue the presidency in 2019.
Moreover, it constitutes the highest form of service Biden can render to a country he has steadfastly served over many years, The New York Times added.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39563559/investors-predict-impact-of-potential-trump-presidency-on-markets-the-market-is-already-priced-f">Investors Predict Impact Of Potential Trump Presidency On Markets: &#8216;The Market Is Already Priced For That To Happen&#8217;</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

New York Times Calls For Joe Biden To Withdraw From Presidential Race

The U.S. Department of Justice (DOJ) recently announced a 10-count indictment against Los Angeles-based associates of Mexico's <a href="https://www.benzinga.com/markets/cannabis/23/10/35294836/el-chapo-behind-bars-but-still-in-power-orders-sons-to-quit-fentanyl-trade-to-the-us">Sinaloa drug cartel</a>, which is run by the sons of <a href="https://www.benzinga.com/markets/cannabis/23/01/30516394/el-chapo-wants-to-serve-his-sentence-at-home-does-mexico-have-a-prison-secure-enough-to-hold-him">Joaquin &#8220;El Chapo&#8221; Guzmán</a>, who is serving a <a href="https://www.benzinga.com/markets/cannabis/23/01/30516394/el-chapo-wants-to-serve-his-sentence-at-home-does-mexico-have-a-prison-secure-enough-to-hold-him" target="_blank" rel="noreferrer noopener">life sentence </a>in a supermax prison in Colorado.
These associates are being charged with conspiracy to launder over $50 million in drug-trafficking proceeds through Chinese underground banking networks. The multi-year investigation, dubbed "Operation Fortune Runner," led to the indictment of 24 defendants.
The Sinaloa Cartel and Chinese operatives, according to the DEA, are involved in <a href="https://www.benzinga.com/markets/cannabis/24/01/36707665/dea-seizes-largest-amount-of-fentanyl-in-its-history-386m-lethal-doses-enough-to-kill-every-amer">smuggling</a> <a href="https://www.benzinga.com/markets/cannabis/24/01/36707665/dea-seizes-largest-amount-of-fentanyl-in-its-history-386m-lethal-doses-enough-to-kill-every-amer">massive amounts of fentanyl</a> into the U.S, with the Chinese supplying precursor chemicals to make it and cartel operatives producing it in Mexico.
"The Sinaloa Cartel is largely responsible for the massive influx of fentanyl into the United States over the past approximately eight years, and for the accompanying violence and deaths that have afflicted communities on both sides of the border," a <a href="https://www.dea.gov/press-releases/2024/06/18/federal-indictment-alleges-alliance-between-sinaloa-cartel-and-money">DEA press release</a> noted.
According to the indictment, a Sinaloa Cartel-linked money laundering network collected and processed large amounts of drug proceeds in U.S. currency in Los Angeles. This was done with the help of a California-based money transmitting group linked to Chinese underground banking. The proceeds were allegedly concealed and made accessible to cartel members in Mexico and elsewhere.
"Drug traffickers generate immense amounts of cash through their illicit operations. This case is a prime example of Chinese money launderers working hand in hand with drug traffickers to try to legitimize profits generated by drug activities," said Guy Ficco, IRS criminal investigation chief.
Related news: <a href="https://www.benzinga.com/markets/cannabis/24/05/38596342/gop-senators-slam-cannabis-banking-reform-cartel-cash-and-oklahoma-at-chinese-money-laundering-s">GOP Senators Slam Cannabis Banking Reform, &#8216;Cartel Cash&#8217; And Oklahoma At Chinese Money Laundering Summit</a>
The lead defendant, Edgar Joel Martinez-Reyes, 45, of East Los Angeles, and others allegedly employed various methods to hide the money's source, including trade-based money laundering, structuring assets to avoid federal financial reporting requirements and purchasing <a href="https://www.benzinga.com/crypto">cryptocurrency</a>.
Martin Estrada, the U.S. Attorney for the Central District of California, referred to the destructive impact of drugs like fentanyl and methamphetamine and the need to target international criminal syndicates laundering drug money. 
"As this indictment and our international actions show, we will be dogged in our pursuit of all those who facilitate destruction in our country and make sure they are held accountable for their actions," Estrada said.
Now read: <a href="https://www.benzinga.com/markets/cannabis/24/06/39559399/new-mexicos-dark-discovery-chinese-workers-trapped-on-illegal-cannabis-farms">New Mexico&#8217;s Dark Discovery: Chinese Workers Trapped On Illegal Cannabis Farms</a>
Photo courtesy of U.S. Customs and Border Protection

Cannabis

Government

DEA Indicts LA-Based Sinaloa Cartel Members For Laundering $50M In Drug Money Via Underground Chinese Networks

In the aftermath of the initial 2024 presidential debate, a recent poll reveals a decline in voters&#8217; confidence in President Joe Biden&#8216;s mental and physical fitness. The poll also suggests that Republican candidate Donald Trump was perceived to<a href="https://www.benzinga.com/news/24/06/39563576/following-debate-latest-poll-among-democrats-signals-major-trouble-for-joe-biden-although-theres-one"> have outperformed Biden during the debate.</a>
What Happened An Ipsos <a href="https://www.ipsos.com/en-us/538-ipsos-june-2024-presidential-debate-poll">poll</a> conducted before and after the debate showed that less than half of the viewers rated Trump's performance as good or excellent.
However, three out of five viewers believed Trump outshone Biden. Confidence in Biden&#8217;s fitness to serve as president saw a significant decline, particularly among Democrats, dropping from 27% pre-debate to 20% post-debate.
Despite Biden&#8217;s underwhelming performance, a significant number of likely voters reported that they are still likely to consider voting for Biden. 
Among respondents who completed both the pre- and post-debate survey, only 4% are giving less consideration to voting for Biden, compared to 2% for Trump.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39243266/ex-colleagues-of-judge-in-donald-trumps-hush-money-case-say-former-president-will-most-likely-face-t" target="_blank" rel="noreferrer noopener">Ex-Colleagues Of Judge In Donald Trump's Hush-Money Case Say Former President Will Most Likely Face This Sentence</a>
An Ipsos focus group conducted immediately after the debate with six undecided voters found that, while Biden clearly lost the debate, Trump didn&#8217;t necessarily win it.
The group also noted that the debate did a mixed job at covering a range of topics, with a plurality rating the performance of the moderators as about average.
Why It Matters: The results of the poll are significant as they reflect the public&#8217;s perception of the candidates&#8217; performance in the first 2024 presidential debate. The decline in the confidence in Biden&#8217;s fitness, especially among Democrats, could potentially impact his chances in the upcoming election.
However, the fact that a significant number of likely voters are still considering voting for Biden despite his performance in the debate indicates that the race for the presidency is far from over. 
The perception that Trump outperformed Biden, despite less than half of viewers rating his performance as good or excellent, suggests that the public&#8217;s expectations for the candidates may play a significant role in determining the outcome of the election.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39124499/following-trumps-guilty-verdict-legal-experts-say-he-could-face-this-punishment-instead-of-prison-ti" target="_blank" rel="noreferrer noopener">Following Trump's Guilty Verdict, Legal Experts Say He Could Face This Punishment Instead Of Prison Time</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Biden Widely Criticized Over Debate Performance, But Poll Also Points To Concerning Signs For Trump

During an episode of the personal finance help show, The <a href="https://www.benzinga.com/personal-finance/24/06/39509101/dave-ramsey-calls-out-the-bad-life-plan-many-americans-consider-as-retirement-nowadays-save-enou">Dave Ramsey</a> Show, the show host and celebrated finance guru, Dave Ramsey, received a call from a woman who decided to change her finances. She called for advice and left with an unexpected gift from Ramsey.&nbsp;
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The episode started with caller Tasia, who revealed to Ramsey that she had found his page on the TikTok social media app, which gave her the push she needed to start working her way out of debt. Tasia told Ramsey that she started her emergency fund, which Ramsey and his team have been teaching people to do. According to Ramsey Solutions, a starter emergency fund should have at least $1,000 as a temporary buffer, while a fully-funded emergency fund should save at least 3-6 months of expenses.
In addition to creating an emergency fund, Tasia told Ramsey that his advice helped her avoid overdrafting any accounts. Tasia revealed that she had been overdrafting her bank accounts her whole life, so this was a significant achievement for her, and Ramsey agreed. He told her, "This is a breakthrough, isn't it, kid? Way to go."&nbsp;
When it comes to overdraft, Tasia isn't alone. U.S. Sen. Bob Casey sent a news release in April this year slamming <a href="https://www.benzinga.com/markets/equities/24/06/39513681/fed-stress-test-2024-large-banks-face-greater-losses-but-maintain-strong-capital-positions-in-se">large corporate banks</a> for profiting from excessive overdraft fees. In his statement, Casey wrote, "Roughly 23 million households pay overdraft fees each year" and that "26 percent of Americans reside in a household that faced an overdraft fee or non-sufficient fund fee in the last year." Casey revealed that American families are struggling to make ends meet, and more are going into overdraft. According to ABC News, Americans paid a whopping $9 billion in overdraft fees last year, with banks charging around $35 per transaction in overdraft. Currently, lawmakers are in the process of passing a rule to try and cut these overdraft fees.&nbsp;
Trending: 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>?
Now that Tasia has managed to get herself out of overdraft, she can focus on growing her savings account. She told Ramsey that with her three jobs combined, she earns $90,000 annually and has around $30,000 still in debt, with half that amount being student loans. Ramsey told her, "You're ready to go. You're ready to try new stuff because you're sick and tired of being sick and tired." Ramsey also told Tasia that he was proud of her and then revealed his gift to her: a paid 9-week Financial Peace University class and paid access to the EveryDollar budgeting app. Ramsey explained that he's gifting her this experience because she is the reason why he does the show. He explained, "People that are like you, that have for the first time in your whole adult life, you're not doing overdraft because we taught you something," and added, "Now, we're going to teach you how to get rid of this debt." Ramsey told Tasia he would teach her how to be a millionaire.&nbsp;
When Ramsey had finished telling Tasia his gift to her, she was in tears at the unexpected gesture and told him, "This has been my dream to talk to you." Ramsey told Tasia that he would help her take control of her money instead of wondering where it went, giving her the tools to make sound financial decisions. With Ramsey Solutions, Tasia will learn how to use the snowball method of paying off her debts, from smallest to largest. Ramsey promised that if she follows this advice and stays out of restaurants with no vacations, she would be 100% debt-free by next year.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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Personal Finance

Woman Working 3 Jobs Struggling With A Lifetime Of Overdrafts Receives An Unexpected Gift From Dave Ramsey, Bringing Her To Tears

Following <a target="_blank" href="https://www.benzinga.com/topic/joe-biden" rel="noreferrer noopener">Joe Biden&#8217;s</a> stumbling debate performance, Democrats are reportedly in a state of panic, with some exploring alternatives to <a target="_blank" href="https://www.theguardian.com/us-news/article/2024/jun/29/kamala-harris-joe-biden-trump" rel="noreferrer noopener">replace the 81-year-old as their presidential candidate.</a>
Despite Biden&#8217;s campaign dismissing such suggestions, critics continue to openly question his ability to effectively challenge <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a>, whom they perceive as a significant threat to American democracy, <a href="https://www.theguardian.com/us-news/article/2024/jun/29/kamala-harris-joe-biden-trump">reported</a> The Guardian.
Check This Out: <a target="_blank" href="https://www.benzinga.com/general/politics/24/06/39558557/kamala-harris-defends-bidens-slow-start-at-debate-with-strong-finish-clinton-newsom-obama-race-t" rel="noreferrer noopener">Kamala Harris Defends Biden&#8217;s &#8216;Slow Start&#8217; At Debate With &#8216;Strong Finish&#8217;: Clinton, Newsom, Obama Race To Support President</a>
If Biden chooses not to run, his 59-year-old vice president and running mate, <a target="_blank" href="https://www.benzinga.com/topic/kamala-harris" rel="noreferrer noopener">Kamala Harris</a>, would be a natural successor.
However, her candidacy would face challenges, as she has encountered low approval ratings and would likely face competition from other candidates for the nomination.
Over the past three-and-a-half years, Kamala Harris&#8217; historic vice presidency has been a divisive issue among Democrats.
Negative media coverage, including some stemming from her own actions, sexist and racist criticisms, and a complex policy portfolio have influenced public opinion of the former California senator.
Currently, approximately 50% of voters hold an unfavorable view of Harris, according to FiveThirtyEight&#8217;s polling average, which is similar to the roughly 40% who view her favorably, reflecting figures comparable to Biden&#8217;s ratings, the report added.
Harris&#8217; staunch defense of abortion rights, a vital issue for Democrats, contrasts sharply with Biden&#8217;s recent debate stumble.
Following Thursday&#8217;s debate this week, where Biden awkwardly pivoted from attacking Trump on abortion bans to discussing immigration and a murder case in Georgia, Harris was quick to support him in subsequent CNN and MSNBC interviews.
She emphasized voters should consider Biden&#8217;s broader accomplishments over the past three-and-a-half years, acknowledging a slow start but asserting he finished strongly.
&#8220;I&#8217;m talking about the choice for November,&#8221; she said on <a target="_blank" href="https://edition.cnn.com/2024/06/28/politics/video/kamala-harris-biden-trump-cnn-debate-digvid" rel="noreferrer noopener">CNN</a>. &#8220;I&#8217;m talking about one of the most important elections in our collective lifetime.&#8221;
Biden&#8217;s age has always posed an electoral challenge, but his shaky debate performance surprised even his most loyal supporters. Speaking at a rally on Friday, Biden admitted his mistakes but maintained he remained the strongest candidate to defeat Trump.
Mounting concerns about Biden&#8217;s mental sharpness have intensified scrutiny of Harris, especially from the right. Republicans have portrayed Harris as a looming threat, with <a href="https://www.benzinga.com/topic/nikki-haley" target="_blank" rel="noreferrer noopener">Nikki Haley </a>cautioning during the GOP primary that voting for Biden meant endorsing &#8220;a President Harris,&#8221; The Guardian added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://www.benzinga.com/general/politics/24/06/39563409/heres-how-many-people-watched-the-2024-presidential-debate-and-how-fox-beat-cnn-at-its-own-game">Here&#8217;s How Many People Watched The 2024 Presidential Debate And How Fox Beat CNN At Its Own Game</a>
Photo: Shutterstock

Is Kamala Harris The Answer To Joe Biden's Shortcomings? Poll Hints At Voter Sentiment Toward Possible Replacement Candidate

As the week comes to a close, the world of finance and cryptocurrency has been anything but quiet. From former President Donald Trump&#8216;s potential crypto fortune to the introduction of a bill allowing federal tax payments in Bitcoin, the news cycle has been buzzing with intriguing developments. Here&#8217;s a quick recap of the top stories that made headlines.
Trump&#8217;s Crypto Fortune Former President Donald Trump finds himself in the spotlight once again, this time in the realm of cryptocurrency. His digital wallet holds over half a million TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MAGA</a>) tokens, leading to speculation about the value of his holdings. The tokens were allocated to Trump&#8217;s wallet as part of a marketing scheme by MAGA, the first project to do so. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39477411/heres-how-much-profit-donald-trump-would-make-if-he-sold-his-trump-memecoin-today">Read the full article here.</a>
Federal Tax Payments in Bitcoin Congressman Matt Gaetz (R-Fla.) has proposed a bill that would allow federal income tax payments to be made in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). The legislation aims to amend the Internal Revenue Code of 1986, offering taxpayers a new way to settle their federal tax liabilities. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39487764/congressman-matt-gaetz-introduces-bill-to-allow-federal-tax-payments-in-bitcoin">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39487764/congressman-matt-gaetz-introduces-bill-to-allow-federal-tax-payments-in-bitcoin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Congressman Matt Gaetz Introduces Bill To Allow Federal Tax Payments In Bitcoin</a>
Crypto Analyst&#8217;s Take on Memecoins Cryptocurrency analyst Michaël van de Poppe recently shared his views on meme coins, such as Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and more. Despite their popularity, he expressed a general dislike for them, criticizing celebrities who leverage their following to start meme coins for financial gain. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39449491/noted-crypto-analyst-flags-three-memecoins-with-potential-of-high-returns-in-the-future-cr">Read the full article here.</a>
Ark Invest&#8217;s Big Moves Cathie Wood&#8217;s Ark Invest made significant trades in Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), amidst a volatile market. The firm acquired $7.3 million worth of shares in Roku Inc., a promising Netflix competitor. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39516711/cathie-woods-ark-invest-acquires-7-3m-worth-of-shares-in-this-promising-netflix-competitor">Read the full article here.</a>
US Government&#8217;s Bitcoin Transfer Wallets believed to be linked to the U.S. government have transferred a significant amount of cryptocurrency—3,940 Bitcoin valued at $241 million—onto Coinbase. This move comes shortly after a similar transfer by the German government. <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39511595/uncle-sam-on-the-move-us-government-transfers-millions-in-bitcoin-to-coinbase">Read the full article here.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39516076/bitcoin-ethereum-dogecoin-retrace-on-fears-of-240m-sale-by-us-government-king-crypto-shoul?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Retrace On Fears Of $240M Sale By US Government: King Crypto Should Reclaim</a>
Bitcoin illustration via Shutterstock.

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

Cryptocurrency

$BTC

$DOGE

$MAGA

$SHIB

COIN

MAGA

ROKU

Trump's Crypto Fortune, Proposal For Bill Allowing Federal Tax Payments In Bitcoin, And More: Crypto Weekly Round-Up

New Jersey authorities have decided not to renew the liquor licenses for two golf courses owned by former President Donald Trump, following <a href="https://www.benzinga.com/news/24/06/39243266/ex-colleagues-of-judge-in-donald-trumps-hush-money-case-say-former-president-will-most-likely-face-t">his felony hush-money conviction.</a>
What Happened: According <a href="https://www.businessinsider.com/nj-pull-trump-golf-liquor-licenses-for-hush-money-felonies-2024-6">to</a> Business Insider, the licenses for Trump National Bedminster and Trump National Golf Club in Colts Neck will not be renewed due to Trump&#8217;s recent felony record.
The golf clubs can continue to serve alcohol until a hearing scheduled for July 19. The licenses are set to expire on Sunday.
Despite the licenses being in the name of his son Donald Trump, Jr., Trump maintains a direct beneficial interest in them as the sole beneficiary of the Donald J. Trump Revocable Trust.
The state attorney general&#8217;s office clarified that only after the sentencing, scheduled for July 11, can any New Jersey official disqualify Trump from holding a liquor license.
Also Read: <a href="https://www.benzinga.com/news/24/06/39445340/trump-is-raising-enough-money-to-wipe-out-bidens-once-significant-cash-advantage">Trump Is Raising Enough Money To Wipe Out Biden&#8217;s Once Significant Cash Advantage</a>
According to state liquor law, a license can be revoked if anyone who either owns or financially benefits from the license is convicted of a crime of &#8220;moral turpitude.&#8221; Given Trump&#8217;s financial interest in the clubs and his new criminal record, the licenses were at risk.
&#8220;Felony convictions are universally considered crimes of moral turpitude,&#8221; stated Peter M. Rhodes, a partner at the Haddonfield, New Jersey-based firm Cahill, Wilinski, Rhodes &amp; Joyce, according to Business Insider. 
Why It Matters: This isn&#8217;t the first time Trump&#8217;s New Jersey licenses have been threatened. In 2021, following a fatal drunken driving crash at one of his clubs, Trump narrowly escaped losing his licenses. 
They were retained under a settlement with the then Attorney General Gurbir S. Grewal. The recent decision to revoke the licenses could have significant implications for the operation of the golf clubs.
Now Read: <a href="https://www.benzinga.com/news/24/04/38133891/donald-trump-says-it-would-be-a-great-honor-if-he-were-jailed-for-breaching-gag-order-i-will-gladly">Donald Trump Says It Would Be A &#8216;Great Honor&#8217; If He Were Jailed For Breaching Gag Order: &#8216;I Will Gladly Become A Modern Day Nelson Mandela&#8217;</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Legal

Trump's Felony Conviction Could Leave His Golf Courses Dry, NJ Set To Revoke Liquor Licenses

According to a recent poll, a majority of voters have expressed their belief that President Joe Biden should be replaced as the Democratic candidate. This sentiment comes in the<a href="https://www.benzinga.com/general/politics/24/06/39127315/latest-poll-of-independents-and-republicans-could-spell-trouble-for-donald-trump-following-his-h"> wake of his performance in the recent debate.</a>
What Happened: The <a href="https://pro.morningconsult.com/analysis/biden-trump-debate-poll-june-2024">poll</a>, conducted by Morning Consult, surveyed 2,068 respondents, revealing that 60% of voters believe Biden should &#8220;definitely&#8221; or &#8220;probably&#8221; be replaced. 
This reflects growing concerns among Democrats about the potential need for a new Democratic presidential candidate.
Among Democratic voters, 21% stated that Biden should &#8220;definitely not&#8221; be replaced, while 20% said &#8220;probably not&#8221;. The participants were almost evenly split when asked to choose between Biden and former President Donald Trump, with 45% favoring Biden and 44% favoring Trump.
The poll results mirrored those from a previous survey conducted after Trump&#8217;s criminal conviction on 34 felony counts related to a $130,000 hush money payment. 
According to Morning Consult&#8217;s analysis, this suggests that &#8220;President Joe Biden has lost no immediate ground to Trump.&#8221;
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39124499/following-trumps-guilty-verdict-legal-experts-say-he-could-face-this-punishment-instead-of-prison-ti" target="_blank" rel="noreferrer noopener">Following Trump&#8217;s Guilty Verdict, Legal Experts Say He Could Face This Punishment Instead Of Prison Time</a>
However, 57% of respondents who watched the debate said Trump outperformed Biden. This includes 19% of Democrats, 60% of Independents, and 93% of Republicans.
Despite the poll&#8217;s results, Biden campaign spokesperson Seth Schuster dismissed the poll&#8217;s framing, asserting that &#8220;Joe Biden is not dropping out.&#8221;
Why It Matters: These poll results come on the heels of a <a href="https://www.benzinga.com/news/24/06/39445709/trump-vs-biden-rasmussen-poll-now-shows-one-candidate-has-huge-lead-over-other-with-just-4-months-be">Rasmussen poll</a> released just a week prior, which showed Trump taking a 10-point lead over Biden in the race for the White House. The Rasmussen poll showed 46% of likely voters backing Trump, while 36% were supporting Biden.
The recent shift in voter sentiment, as revealed by the Morning Consult poll, underscores the growing concerns among Democrats and the potential need for a new Democratic presidential candidate. 
This could significantly impact the upcoming election and the future of the Democratic party.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/06/39241154/trump-vs-biden-hush-money-conviction-signals-good-news-for-one-candidate-in-tight-presidential-race" target="_blank" rel="noreferrer noopener">Trump Vs. Biden: Hush-Money Conviction Signals Good News For One Candidate In Tight Presidential Race</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Following Debate, Latest Poll Among Democrats Signals Major Trouble For Joe Biden  — Although There's One Silver Lining

As <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a> and <a href="https://www.benzinga.com/topic/joe-biden" target="_blank" rel="noreferrer noopener">Joe Biden</a> vie for the presidency, investors are weighing the potential impacts on sectors like <a href="https://www.benzinga.com/electric-vehicles" target="_blank" rel="noreferrer noopener">electric vehicles</a> and <a href="https://www.benzinga.com/topic/interest-rates" target="_blank" rel="noreferrer noopener">long-term interest rates.</a>
Trump&#8217;s unpredictable style historically led to sharp market fluctuations, favored by some hedge funds adept at capitalizing on such volatility, <a href="https://www.bloomberg.com/news/articles/2024-06-27/-volatile-and-unpredictable-why-fast-money-traders-like-trump?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported</a> Bloomberg. 
Check This Out:<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39562652/trump-presidency-would-be-bullish-for-tesla-negative-for-evs-says-top-analyst-after" rel="noreferrer noopener"> &#8216;Trump Presidency Would…Be Bullish For Tesla, Negative For EVs,&#8217; Says Top Analyst After First Face-Off Between Biden And Ex-President</a>
While markets generally dislike uncertainty, hedge funds see opportunity in Trump&#8217;s potential return, recalling the rapid market shifts during his previous term fueled by unexpected policy announcements and social media posts, the report noted.
Volatility has persisted during Biden&#8217;s tenure due to factors like inflation, geopolitical tensions (Russia-Ukraine war) and Federal Reserve policies.
Looking ahead, potential clashes with Republicans over issues such as the debt ceiling could further unsettle markets if Biden secures a second term.
Despite the election months away, markets are already bracing for heightened volatility. Trump&#8217;s policies, including the renewal of tax cuts, stricter immigration enforcement and proposed tariffs, could amplify market fluctuations. Discussions of increased influence over the Federal Reserve add another layer of uncertainty.
&#8220;The consensus view is that Trump will create volatility,&#8221; Vineer Bhansali, founder of the Newport Beach, California-based asset-management firm LongTail Alpha, told Bloomberg. &#8220;The market is already priced for that to happen.&#8221;
&#8220;We in markets love volatility — but we do try not to get too hung up on the amplified emotion that will come from a Trump presidency,&#8221; said George Boubouras, head of research at hedge fund K2 Asset Management Ltd., according to Bloomberg.
Read Next:<a href="https://www.benzinga.com/news/24/06/39562453/us-allies-urge-biden-to-step-down-after-disastrous-debate-performance-important-to-manage-ones-ride" target="_blank" rel="noreferrer noopener"> US Allies Urge Biden To Step Down After Disastrous Debate Performance: &#8216;Important To Manage One&#8217;s Ride Into The Sunset&#8217;</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Investors Predict Impact Of Potential Trump Presidency On Markets: 'The Market Is Already Priced For That To Happen'

Jeff Bezos, the founder of Amazon, frequently emphasizes the importance of following one&#8217;s passions, a principle he believes is central to achieving success. 
He once explained this philosophy during an address at the George W. Bush Presidential Center&#8217;s Forum on Leadership, advising attendees to transform their passions into their careers.
Many have interpreted Bezos&#8217;s perspective on passion as passive, suggesting it means waiting idly for one&#8217;s purpose to manifest. However, Bezos clarified that realizing one&#8217;s passions involves much more than anticipation — it demands dedication, hard work, and resilience. 
&#8220;You can have a job, or you can have a career, or you can have a calling,&#8221; Bezos explained, advocating for the latter as the ultimate professional fulfillment, <a href="https://www.inc.com/marcel-schwantes/jeff-bezos-said-success-boils-down-to-1-simple-thing.html">according</a> to Inc.com
&#8220;If you can somehow figure out how to have a calling, you have hit the jackpot, because that&#8217;s the big deal,&#8221; he added. 
According to Bezos, passions are not chosen; they are inherent to our beings and naturally guide our career paths and life choices. This intrinsic element of passion shapes our actions and ambitions from a young age, suggesting that everyone has a unique gift that, when embraced, leads to profound satisfaction and success.
Also Read: <a href="https://www.benzinga.com/news/24/01/36631415/this-amazon-applicants-interview-answer-earned-her-a-seat-3-feet-away-from-amazons-bezos">This Amazon Applicant&#8217;s Interview Answer Earned Her A Seat 3 Feet Away From Jeff Bezos</a>
Embracing one&#8217;s passion is essential, not only for the sense of fulfillment it brings but also for its potential to enhance creativity, productivity and overall life satisfaction.
This journey, however, is not devoid of challenges. Many face obstacles such as financial limitations, societal expectations or personal insecurities that might deter them from pursuing their true interests.
Despite these challenges, those who commit to their passions often find the pursuit rewarding. Following one&#8217;s passion means investing time and effort into endeavors that bring joy and excitement. It involves risks and stepping out of comfort zones, but the benefits, including enhanced happiness and productivity, are substantial.
Bezos&#8217; viewpoint aligns with that of Warren Buffett, who once stated, &#8220;In the world of business, the people who are most successful are those who are doing what they love.&#8221; 
This implies that discovering and following one&#8217;s passion is not just a key to success, but also a route to personal fulfillment and happiness.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/24/01/36625488/amazon-is-reportedly-using-a-secretly-disturbing-tactic-to-get-rid-of-unwanted-employees" target="_blank" rel="noreferrer noopener">Amazon Is Reportedly Using A Secretly Disturbing Tactic To Get Rid Of Unwanted Employees</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Success Stories

Jeff Bezos Reveals The One Secret To Success: 'You Can Have A Job, Or You Can Have A Career, Or ...'

Several prominent U.S. banks have declared their intentions to raise their dividends for Q3, following their successful performance in the Federal Reserve&#8217;s annual stress test.
What Happened: U.S. banks such as JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) have decided to increase their dividends for the third quarter. 
This decision comes in the wake of the banks proving their resilience against severe economic and market disruptions in the Federal Reserve&#8217;s yearly health assessment, reports Reuters. 
The largest U.S. lender, JPMorgan Chase, has upped its dividend to $1.25 per share from $1.15 and has approved $30 billion in fresh share buybacks, effective July 1. Bank of America and Citigroup have also raised their dividends to 26 cents and 56 cents per share, respectively.
Brian Mulberry, a client portfolio manager at Zacks Investment Management, told the outlet, &#8220;Banks are going to remain conservative on capital as uncertainty over the Basel proposal remains.&#8221;
Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) have also declared dividend increases to 92.5 cents and $3 per share, respectively. These announcements were made after the banks&#8217; successful completion of the Fed&#8217;s stress test earlier this week, which assesses the capital they need to reserve before they can distribute money to shareholders.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39531404/bank-of-america-analyst-highlights-fed-stress-test-opacity-varying-bank-impacts-gol">Bank of America Analyst Highlights Fed Stress Test Opacity, Varying Bank Impacts: &#8216;Goldman Sachs Worst Hit, Huntington Best&#8217;</a>
Goldman Sachs&#8217; CEO David Solomon said, according to Reuters, &#8220;This increase does not seem to reflect the strategic evolution of our business and the continuous progress we've made to reduce our stress loss intensity.&#8221;
Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) also announced a dividend increase to 40 cents. This year, 31 large banks were tested, compared to 23 last year. 
The evaluations demonstrated that banks would have sufficient capital to continue lending under several scenarios, including a significant rise in unemployment, extreme market volatility, and drops in residential and commercial mortgage markets.
Why It Matters: The Federal Reserve&#8217;s annual stress test is a critical measure of a bank&#8217;s ability to withstand economic and market disruptions. 
The successful performance of these banks in the test and their subsequent decision to raise dividends indicates their robust financial health and resilience. 
This move is likely to boost investor confidence and could potentially lead to an increase in their stock prices.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39525918/major-banks-fall-short-in-feds-2024-stress-test-results-the-market-will-view-the-re">Fed&#8217;s 2024 Stress Test Results Worse Than Expected, Says Goldman Analyst: &#8216;The Market Will View The Results As Disappointing&#8217;</a>
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Federal Reserve

US Banks Bump Up Dividends Following Fed's Successful Stress Test

Robert Kiyosaki, the renowned author of &#8220;Rich Dad Poor Dad,&#8221; has voiced his concerns about Bitcoin ETFs, <a href="https://www.benzinga.com/news/24/02/36923298/rich-dad-poor-dad-author-issues-dire-warning-about-economy-dont-be-fooled-stock-and-bond-markets-abo">questioning their authenticity.</a>
What Happened: Kiyosaki expressed his doubts about Bitcoin ETFs, stating his reluctance to invest in them. He compared them to gold and silver ETFs, arguing that these financial tools do not accurately reflect the assets they are supposed to represent.
Kiyosaki&#8217;s skepticism centers around the authenticity of ETFs. In a post on X on Thursday, he highlighted that a gold ETF could potentially sell the same ounce of gold multiple times, making it an inadequate substitute for owning physical gold.
This is why he prefers to hold actual gold, silver, and Bitcoin, which he keeps secure and away from traditional financial institutions and Wall Street.
His views are in line with his long-standing criticism of traditional financial market instruments and the Federal Reserve&#8217;s monetary policies. 
Also Read: <a href="https://www.benzinga.com/news/22/11/29864685/rich-dad-poor-dad-author-says-economy-is-biggest-bubble-in-world-history-god-have-mercy-on-us-all-1">&#8216;Rich Dad Poor Dad&#8217; Author Says &#8216;God Have Mercy On Us All&#8217; — Economy Is Biggest Bubble In World History</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Q: Would I buy Bitcoin ETFs? A: No Q: Why not? A: For the same reason I do not buy Gold or Silver ETFs. Q: What is wrong with ETFs? A: ETFs are FAKE gold, silver, or Bitcoin. A: For example a gold ETF can sell 1 ounce of gold 100 times and more via 1 ETF. That is…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1806406137933377890?ref_src=twsrc%5Etfw">June 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Kiyosaki has consistently expressed his belief that the dollar is a &#8220;fake&#8221; currency and has urged people to invest in what he considers real money: BTC, gold and silver.
According to Kiyosaki, these assets are tangible and belong to the people, unlike ETFs and other financial products traded on the market. 
Why It Matters: Earlier Kiyosaki had disclosed his purchase of 5 additional Bitcoin amid the Securities and Exchange <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36588889/rich-dad-poor-dad-fame-robert-kiyosaki-says-hes-bought-5-more-bitcoin-amid-spot-etf-approv">Commission's approval of Bitcoin ETFs.</a>
However, his recent comments reveal a shift in his stance. Kiyosaki&#8217;s disinterest in Bitcoin ETFs aligns with his preference for direct ownership of <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38215259/robert-kiyosaki-says-no-to-bitcoin-etfs-prefer-to-stay-as-far-away-from-wall-streets-finan">assets over Wall Street's financial products.</a>
This development is significant as it highlights the ongoing debate about the authenticity and value of ETFs in the cryptocurrency market.
Now Read: <a href="https://www.benzinga.com/news/23/12/36166390/as-us-debt-crisis-deepens-rich-dad-poor-dad-author-robert-kiyosaki-warns-of-looming-economic-peril-a">As US Debt Crisis Deepens, &#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Warns Of Looming Economic Peril: &#8216;America Is In Serious Trouble Financially&#8217;</a>
Image created using photos on Flickr and Shutterstock

'Rich Dad Poor Dad' Author Robert Kiyosaki Questions Bitcoin ETFs' Authenticity: 'ETFs Are Fake Gold, Silver, Or Bitcoin'

Cable network CNN hosted the first 2024 presidential debate and, like Donald Trump, could possibly be seen as a winner from Thursday night's<a href="https://www.benzinga.com/news/24/06/39543594/biden-vs-trump-flash-poll-picks-debate-winner-but-over-one-third-of-voters-doubt-his-ability-to-lead"> key political event.</a>
And while CNN may have won, another media company may have been a bigger winner from the debate.
What Happened: Millions of viewers tuned into the first presidential debate, which featured Trump and President Joe Biden in a head-to-head matchup ahead of the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
CNN, which is a unit of Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), hosted the debate and allowed other media companies to simulcast the 90-minute event, which featured two commercial breaks.
According to CNN, 47.9 million viewers <a href="https://www.cnn.com/2024/06/28/media/ratings-debate-trump-biden-cnn/index.html">watched </a>Thursday's debate, based on preliminary estimates from Nielsen. CNN offered a live feed of the debate free of charge but with several rules related to presentation and branding, with 22 networks agreeing to simulcast.
Here are the viewership figures by network, as <a href="https://www.axios.com/2024/06/28/biden-trump-debate-ratings-viewership-election">reported </a>by Axios:
Fox News: 8.82 million
CNN: 8.75 million
ABC: 8.70 million
NBC: 5.17 million
CBS: 4.81 million
MSNBC: 3.94 million
FOX: 3.48 million
Fox Business: 372,000
HLN: 251,000
CNN Espanol: 46,000
Fox News, which is a unit of Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), ranked first in the preliminary ratings. While the ratings may change, the fact that Fox beat or had close to the same viewership as CNN may be a testament to the strong political viewership of Fox News.
Fox also dominated overall with Fox News ranking first and Fox and Fox Business also ranking in the top 10. Together, the three networks had over 12 million viewers compared to the more than 9 million viewers for CNN, CNN-owned HLN and CNN Espanol.
Fox News also ranked first in coverage of both presidential debates in the 2020 election, which were not hosted by any individual network and were broadcast widely.
Other media companies like Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)-owned ABC and Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>)-owned CBS also saw strong viewership.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39556388/joe-biden-to-be-replaced-in-2024-election-newsom-tops-democrat-wish-list-betting-odds-but-">Joe Biden To Be Replaced In 2024 Election? Newsom Tops Democrat Wish List, Betting Odds, But Says &#8216;We&#8217;ve Got To Have The Back Of This President&#8217;</a>
Why It's Important: CNN broke several records with its hosted presidential debate, including being the most watched event in CNN history and the most watched CNN program on the Max streaming platform.
CNN also had over 30 million views on its digital platforms, including its YouTube channel.
The presidential debate is also the most watched non-sports television event of 2024 so far, when total viewership is counted.
Viewership of the first 2024 presidential debate was down significantly from the last two presidential elections. The first presidential debate between Trump and Biden in 2020 <a href="https://www.benzinga.com/general/politics/24/03/37550422/trump-ready-to-debate-biden-anytime-anywhere-anyplace-how-media-companies-shareholders-could-be-">was watched by</a> 73 million people and the first presidential debate of 2016 between Hillary Clinton and Trump was watched by a record 84 million viewers.
The first debate of 2024 was watched by 35% less people than the first debate of 2020.
Attention now turns to a second presidential debate set for Sept. 10 and will be hosted by ABC. The event will be broadcast on ABC, ANBC News and Hulu, with plans to simulcast to other networks as well.
The second debate of the 2020 presidential election was watched by 63 million viewers. Based on the overall reaction to Thursday's debate, even fewer people could tune in a second time around.
Debates could be good for media companies and the continued political cycle will likely lead to higher advertising revenue for the companies. Lower viewership from the 2020 cycle and lower demand for a second debate could be items to watch going forward.
Read Next: <a href="https://www.benzinga.com/general/politics/24/06/39558557/kamala-harris-defends-bidens-slow-start-at-debate-with-strong-finish-clinton-newsom-obama-race-t">Kamala Harris Defends Biden&#8217;s &#8216;Slow Start&#8217; At Debate With &#8216;Strong Finish&#8217;: Clinton, Newsom, Obama Race To Support President</a>
Photo: Shutterstock

FOXA

PARA

PARAA

Here's How Many People Watched The 2024 Presidential Debate And How Fox Beat CNN At Its Own Game

Giant Mining Corp (TSE:BFG) has released an update. Giant Mining Corp. successfully completed an oversubscribed private placement, raising $1,380,9...

Giant Mining Corp. Secures Over $1.3M in Funding

Giant Mining Corp (TSE:BFG) has released an update. Giant Mining Corp. has reported substantial progress in the exploration and development of its ...

Giant Mining Corp's Majuba Hill Success

Giant Mining Corp (TSE:BFG) has released an update. Giant Mining Corp. has announced the addition of finance and marketing expert Andrew Mugridge t...

Giant Mining Corp Enhances Leadership Team

Giant Mining Corp (TSE:BFG) has released an update. Giant Mining Corp has received the green light from the Nevada Department of Conservation & Nat...

Giant Mining Corp's Major Milestone at Majuba Hill

Giant Mining Corp (TSE:BFG) has released an update. Giant Mining Corp has announced a collaboration with Legarza Exploration to initiate new road a...

Giant Mining Corp Kickstarts Majuba Hill Road Project

Giant Mining Corp (TSE:BFG) has released an update. Giant Mining Corp. has partnered with Boart Longyear to conduct reverse circulation drilling at...

Giant Mining Initiates Major Drilling Project

Giant Mining

Source: <a href="https://www.streetwisereports.com/article/2024/06/19/major-infrastructure-project-to-enhance-access-at-majuba-hill-copper-deposit.html?utm_medium=feed">Streetwise Reports 06/19/2024</a>

Giant Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BFGFF#OTC">BFGFF</a>) has announced its engagement with Legarza Exploration for the construction of new roads and drill sites at the Majuba Hill Porphyry Copper Deposit in Pershing County, Nevada. This project, which includes copper, silver, and gold resources, aims to enhance safe and efficient access for exploration drill rigs. Most of the proposed road work has received approval from the State of Nevada Department of Conservation &amp; Natural Resources and the Bureau of Mining Regulation and Reclamation (BMRR). However, the company is still awaiting approval from the Winnemucca District Office of the Bureau of Land Management (BLM) for a small section of the road.

David Greenway, President and CEO of Giant Mining Corp., stated, &quot;We are excited to advance our operations at Majuba Hill with the construction of this new road. Engaging Legarza for this crucial infrastructure project underscores our commitment to ensuring safe and efficient access to our drilling sites. This development marks a significant step forward in our exploration and operational plans for the upcoming drill season.&quot;

The new road and site construction will support drilling activities at Majuba Hill, including 3,900 meters (12,800 feet) of reverse circulation (RC) drilling across 16 drill holes and 488 meters (1,600 feet) of core drilling within the existing exploration target area. The company also plans to drill two deep core holes, each reaching depths of up to 3,500 feet (1,066 meters).

<h2>Mining and Minerals</h2>

The mining sector is experiencing significant positive trends, including increased project pipelines and exploration activities, driven by the growing demand for minerals essential for the global energy transition. Investments are pouring into the sector to address the need for minerals like copper, which are vital for renewable energy technologies and electric vehicles.

As noted in a February report on Mining.com, this surge in demand is encouraging mining companies to innovate and adopt more eco-friendly techniques and technologies to meet environmental, social, and governance (ESG) standards. The report adds that the mining sector is embracing advances in expertise and technology to tackle environmental and social challenges. This shift is helping to create a more responsible mining industry that can efficiently meet the rising demand for critical minerals.

Copper, in particular, is seeing a notable resurgence. &quot;The recent rebound in copper prices to near new all-time highs suggests the market increasingly recognizes the reality of long-term supply constraints. These are prompting market participants to adjust price expectations upwards in anticipation of tighter supplies against growing demand&quot; according to the June 2024 Sprott Energy Transition Materials Monthly report.

Michael Widmer, a commodity strategist at Bank of America, highlighted the significant investment needed in new mines to meet future demand. &quot;Due to the lack of investments in new mines, there are not enough copper mines. Investment in new mines would have to reach at least US$127 billion per year to keep up with annual copper demand until 2050, as estimated by the International Energy Agency&quot; he noted on DW.com in May. Moreover, the mining sector&#39;s commitment to ESG principles is becoming a prerequisite for attracting investments and securing operational licenses. This focus on sustainable practices is driving increased demand for minerals used in renewable energy, electric vehicles, and energy-efficient construction.

Gold, another critical commodity, is also seeing strong performance. &quot;Gold prices soared to an all-time high of US$2,135.39/oz at the end of 2023. With expected interest rate cuts and cooling inflation on the horizon, gold prices are anticipated to climb to new highs later this year, driven by economic and geopolitical uncertainty&quot; according to J.P. Morgan. This sentiment is echoed by various market analysts, underscoring gold&#39;s status as a safe-haven asset during times of market volatility.

<h2>Company Catalysts</h2>

Giant Mining Corp. noted it is poised for significant operational advancements with the new infrastructure developments at Majuba Hill. The construction of new roads and drill sites is expected to provide better access for exploration activities, enhancing the efficiency and safety of their operations. This development is a key step in their exploration strategy, potentially leading to new discoveries and an increase in resource estimates.

Moreover, the company&#39;s recent grant of 525,000 stock options and 1,800,000 restricted stock units to officers, employees, and consultants demonstrates its commitment to incentivizing and retaining key personnel. The stock options, exercisable at CA$0.75 per share, and the restricted stock units, valid for one year, align the interests of the company&#39;s stakeholders with its long-term growth and success.

As per a company press release, Giant Mining Corp.&#39;s strategic focus on copper, silver, and gold assets aligns with the growing global demand for these metals. As the flagship project, Majuba Hill&#39;s development will benefit from supportive mining regulations in Nevada, a jurisdiction known for its favorable mining policies.

<h2>Expert Opinions</h2>

Technical Analyst Clive Maund gave a strong endorsement of Giant Mining Corp. in May, highlighting several key factors that make the company a compelling investment opportunity. He notes, &quot;Giant Mining Corp. has worked out very well for us so far. Right after it was recommended on the site, it broke out of the small Cup and Handle base that we had correctly identified and forged ahead so that by Friday&#39;s close, it had doubled.&quot;

Maund emphasizes the positive volume indicators, stating, &quot;This advance was on good volume, which drove its volume indicators strongly higher and broke the price clear above an important resistance level and above its 50-day moving average, which is now turning up, all of which is bullish.&quot;

He also points out the strong financial backing the company has received, &quot;The substantial financing that was announced as closed on the first of the month was oversubscribed, and any future ones are expected to be as well.&quot; This robust financial support and the oversubscription of their financing efforts indicate strong investor confidence in Giant Mining Corp.

With a positive outlook for the copper market, Maund concludes, &quot;With a strong bull market getting underway in copper, Giant Mining is expected to continue to advance, and as there is no significant resistance until the CA$2.75 area is reached, it continues to be rated a Strong Buy, especially on any minor dips.&quot;

Adding to this positive sentiment, Ron Struthers of Struthers Resource Stock Report noted, &quot;Giant Mining Corp. is well financed with just over $4.4M raised in recent financings. The drill phase is coming soon, and based on past results, we know with confidence that this drill round will provide some excellent numbers.&quot; Struthers&#39; confidence in the upcoming drill results underscores the company&#39;s potential for significant discoveries and growth.

<h2>Ownership and Share Structure</h2>

According to Giant Mining Corp., approximately 18.6% of its shares are held by insiders. The remaining shares are held by retail investors.

Giant Mining Corp. has a market capitalization of approximately CA$18.7 million.

The company&#39;s shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGF.F, with these listings active since December 2017.

Important Disclosures:

<ol>
	<li>Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Giant Mining Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.</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 Giant Mining Corp.</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>

Source: <a href="https://www.streetwisereports.com/article/2024/06/07/nevada-based-exploration-firm-prepares-for-major-drilling-development-initiatives.html?utm_medium=feed">Streetwise Reports 06/07/2024</a>

Giant Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BFGFF#OTC">BFGFF</a>) is an established exploration company with a proven track record of copper discovery.. The Majuba Hill Project, owned by the company, had historic production of over 2.8 million pounds of copper with an average grade of 4% from historic underground mines operating between 1911 and the late 1950&#39;s.

Situated in the mining-friendly state of Nevada, Giant Mining Corp. is strategically located near essential infrastructure such as highways, rail, water, and power. As the company transitions from exploration to resource definition, it is set to leverage its existing assets and unlock significant value for stakeholders. Recent developments and planned activities signal promising potential, according to experts.

<h2>The Copper Sector Overall</h2>

The copper sector is experiencing a significant shift as global demand for this essential metal continues to rise, causing even traditionally cautious analysts to adjusting their forecasts to reflect higher prices.

&quot;Even analysts who say they aren&#39;t copper bulls are being forced to shift their forecasts in favor of higher prices&quot; reported Stockhead on April 9.

Global consumption of refined copper has grown substantially, from 10 million metric tons in the late 1980s to 26.5 million tons in 2023. Asia, particularly China, is the largest consumer, accounting for 70% of global usage.

&quot;As of 2022, China was the largest consumer of refined copper, with usage of 14.7 million tons . . . Copper mine production totaled 22.4 million tons in 2023, with Chile, Peru, and Democratic Republic of Congo (DRC) being the largest producers. Production of refined copper, including secondary or scrap, totaled 26.5 million tons in 2023, with China being the largest producer&quot; stated Reuters on May 20.

<blockquote class="callOut left">&quot;Giant Mining continues to be rated a Strong Buy, especially on any minor dips&quot; Technical Analyst Clive Maund wrote.</blockquote>

Looking ahead, the demand for copper is expected to surge. According to a Credendo report on May 27, &quot;Copper demand could double by 2035. The main drivers are the revival in demand from Chinese manufacturers, the rebound of the global economy, and the boom in investments in green technologies (e.g., renewables and electric vehicles) and in AI technologies.&quot;

The electrical and electronics segment is a significant driver of copper demand. Copper&#39;s excellent conductive properties make it indispensable in various applications, including wires, cables, transformers, motors, and residential electrical circuits. The rise in electric vehicle production has further boosted copper demand, as components like foils, stators, rotors, and motors in these vehicles are copper-intensive.

According to Mordor Intelligence, the global production by the electronics and IT industries increased by 11% year over year in 2021, reaching US$3,415.9 billion. This growth is expected to drive further demand for copper in the electronics sector.

In the United States, the Consumer Technology Association (CTA) projects that the consumer technology sector will 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, reinforcing the metal&#39;s critical role in the global economy.

<h2>Some Giant Catalysts</h2>

Streetwise recently sat down with Giant Mining Corp., and they outlined their plans for significant growth, with several key catalysts on the horizon. Over the next six to 12 months, the company said it will conduct a comprehensive reverse-circulation (RC) and core drilling program aimed at defining a substantial ore body estimated to range between 50 to 100 million tonnes, with a grade from 0.15% to 0.30% copper. This initiative is focused on delineating and expanding known resources rather than exploring new areas, providing a clearer picture of the potential yield from existing deposits. With its strategic location and access to essential infrastructure, the company&#39;s Nevada property ensures operational efficiency and reduced logistical challenges, enhancing the project&#39;s viability.

<blockquote class="callOut right">Ron Struthers of the Struthers Resource Stock Report echoed this positive outlook on May 30, 2024, noting, &quot;Giant Mining Corp. is well financed with just over US$4.4M raised in recent financings. The drill phase is coming soon, and based on past results, we know with confidence that this drill round will provide some excellent numbers.&quot;</blockquote>

In addition to the drilling program, Giant Mining Corp. has recently received approval for the Reclamation Cost Estimate (RCE) from the Nevada Department of Conservation &amp; Natural Resources.

The company said the approval is a critical milestone for advancing the Majuba Hill Porphyry Copper Deposit project and underscores its commitment to environmental stewardship and compliance with state regulations.

With this approval in place, the Majuba Hill project is well-positioned to proceed with further exploration and development activities, which is likely to attract additional investments and partnerships, thereby accelerating the project&#39;s timeline and potentially boosting stock value.

The superior infrastructure at the Majuba Hill site, including well-maintained roads and reliable electric power, facilitates swift mobilization and efficient operations, the company noted. Continuous improvements and utilization of this infrastructure will support ongoing and future project phases, ensuring smooth operations throughout 2024. The planned phase of exploration drilling at Majuba Hill, set to commence in Q3 2024, aims to delineate further resources and expand known mineralization zones. Successful drilling results can significantly increase resource estimates and enhance the project&#39;s overall valuation, with initial results expected by Q4 2024.

Additionally, the company said it is in advanced discussions with several major mining companies, highlighting the increasing interest from industry giants in its assets. Strategic partnerships or investments are anticipated, Giant Mining Corp. said, providing the necessary capital and expertise to expedite the development of its projects.

<h2>What Experts Are Saying</h2>

Technical Analyst Clive Maund has expressed strong confidence in Giant Mining Corp. In his May 23, 2024 update, Maund highlighted the company&#39;s impressive performance, noting, &quot;Giant Mining Corp. has worked out very well for us so far. Right after it was recommended on the site, it broke out of the small Cup and Handle base that we had correctly identified and forged ahead so that by Friday&#39;s close, it had doubled.&quot;

He emphasized the bullish signals, stating, &quot;This advance was on good volume, which drove its volume indicators strongly higher and broke the price clear above an important resistance level and above its 50-day moving average, which is now turning up, all of which is bullish.&quot;

Maund also pointed out the strong financial backing of the company, mentioning, &quot;The substantial financing that was announced as closed on the first of the month was oversubscribed, and any future ones are expected to be as well.&quot;

Reflecting on the broader market conditions, he added, &quot;With a strong bull market getting underway in copper, Giant Mining is expected to continue to advance, and as there is no significant resistance until the CA$2.75 area is reached, it continues to be rated a Strong Buy, especially on any minor dips.&quot; [OWNERSHIP_CHART-11069]

Ron Struthers of the Struthers Resource Stock Report echoed this positive outlook on May 30, 2024, noting, &quot;Giant Mining Corp. is well financed with just over US$4.4M raised in recent financings. The drill phase is coming soon, and based on past results, we know with confidence that this drill round will provide some excellent numbers.&quot;

<h2>Ownership and Share Structure</h2>

According to Giant Mining Corp., approximately 18.6% of its shares are held by insiders. The remaining shares are held by retail investors.

Giant Mining Corp. has a market capitalization of approximately CA$18.7 million.

The company&#39;s shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGF.F, with these listings active since December 2017.

Important Disclosures:

<ol>
	<li>Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Giant Mining Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.</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 Giant Mining Corp.</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>

Source: <a href="https://www.streetwisereports.com/article/2024/06/03/major-milestone-achieved-for-nevada-copper-project.html?utm_medium=feed">Streetwise Reports 06/03/2024</a>

Giant Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BFGFF#OTC">BFGFF</a>) announced the approval of its Reclamation Cost Estimate by the State of Nevada, Department of Conservation &amp; Natural Resources, for the Majuba Hill Porphyry Copper Deposit (&quot;Majuba Hill&quot;) located in Pershing County, Nevada. This significant milestone allows the company to proceed with its exploration and development activities with confidence.

The Reclamation Permitting process, completed with the Bureau of Mining Regulation and Reclamation (BMRR), grants Giant Mining approval for up to 25 acres of disturbance. The company has paid a reclamation bond of US$240,762.00, ensuring that adequate funds are available for reclamation activities on all disturbances on private land at the Majuba Hill Exploration Project.

David Greenway, President and CEO of Giant Mining Corp., commented on this achievement, stating, &quot;The approval of our reclamation bond is a significant milestone for the Majuba Hill Exploration Project. It underscores our commitment to responsible mining practices and our dedication to environmental stewardship. We are excited to advance our exploration activities in one of Nevada&#39;s most promising mining districts.&quot;

<h2>The Past, Present, and Future of Copper</h2>

The rise of copper use is well documented.

As Reuters wrote on May 20, &quot;Global apparent use of refined copper rose from 10 million metric tons in the late 1980s to 26.5 million tons in 2023 as Asia became the largest consumer with a 70% share of consumption. As of 2022, China was the largest consumer of refined copper, with usage of 14.7 million tons . . . Copper mine production totaled 22.4 million tons in 2023, with Chile, Peru, and Democratic Republic of Congo (DRC) being the largest producers. Production of refined copper, including secondary or scrap, totaled 26.5 million tons in 2023, with China being the largest producer.&quot;

The sector&#39;s growth from then to now appears similar to projections moving forward.

In a Credendo report on May 27, the site postulated, &quot;Copper demand could double by 2035. The main drivers are the revival in demand from Chinese manufacturers, the rebound of the global economy, and the boom in investments in green technologies (e.g., renewables and electric vehicles) and in AI technologies.&quot;

<h2>Catalysts</h2>

With the reclamation bond secured, Giant Mining Corp. is set to embark on a drilling program that includes approximately 3,900 meters (12,800 feet) of reverse circulation (RC) drilling in 16 drill holes, along with 488 meters (1,600 feet) of core drilling within the current exploration target. Additionally, the company is contemplating two deep core holes, each reaching a depth of up to 3,500 feet (1,066 meters), to thoroughly investigate the mineralization.

<blockquote class="callOut left">Technical Analyst Clive Maund said in May, &quot;Giant Mining is expected to continue to advance, and as there is no significant resistance until the CA$2.75 area is reached, it continues to be rated a Strong Buy, especially on any minor dips.&quot;</blockquote>

The company has also identified a promising exploration corridor, integrating insights from recent and historical drilling, geological mapping, geochemical analysis, and geophysical surveys. Drilling has revealed a substantial oxide zone that outcrops at the surface and extends to depths of up to 1,804 feet (550 meters).

This year, Giant Mining is preparing for an exploration phase, aiming to extensively drill to explore the vertical and lateral extents of copper mineralization. These enhanced exploration efforts are crucial in delineating the full potential of the Majuba Hill Project and guiding its future development.

Funds from a recently concluded private placement will be directed toward advancing the company&#39;s exploration and development initiatives. In alignment with the June 2023 NI43-101 report recommendations, Giant Mining has committed to drilling 16 RC holes and two shallow core holes designed to infill and expand the mineral potential. Additionally, two deep core holes, each reaching a depth of 3,500 feet (1,066 meters), will significantly enhance the company&#39;s resource evaluation efforts by accurately determining the vertical extent of the mineralization.

Furthermore, Giant Mining Corp. is launching a sequential copper analysis program to improve understanding of the ore&#39;s characteristics and processing efficiencies at Majuba Hill. This program will utilize an extensive library of existing pulps and cores from earlier drilling to provide a foundational metallurgical understanding of the copper deposit. By advancing this metallurgical study, the company aims to deepen its understanding of the Majuba Hill orebody, leading to more informed decisions about the project&#39;s development. This initiative ensures that any future extraction process is efficient and environmentally responsible, aligning with Giant Mining&#39;s commitment to sustainable mining practices.

<h2>Expert: Giant Mining a Strong Buy</h2>

In a May 13 report, Technical Analyst Clive Maund had high hopes for Giant Mining&#39;s prospects, writing, &quot;This has worked out very well for us so far. Right after it was recommended on the site, it broke out of the small Cup and Handle base that we had correctly identified and forged ahead so that by Friday&#39;s close, it had doubled.&quot;

Then, Maund gave the company a Strong Buy stamp of approval, &quot;With a strong bull market getting underway in copper, Giant Mining is expected to continue to advance, and as there is no significant resistance until the CA$2.75 area is reached, it continues to be rated a Strong Buy, especially on any minor dips.&quot;

<h2>Ownership and Share Structure</h2>

According to Giant Mining Corp., approximately 18.6% of its shares are held by insiders. The remaining shares are held by retail investors.

Giant Mining Corp. has a market capitalization of approximately CA$18.7 million. The company&#39;s shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGF.F, with these listings active since December 2017

Important Disclosures:

<ol>
	<li>Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000. In addition, Giant Mining Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.</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 Giant Mining Corp.</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>

Source: <a href="https://www.streetwisereports.com/article/2024/05/06/expert-says-this-tiny-copper-stock-has-giant-upside.html?utm_medium=feed">Clive Maund 05/06/2024</a>

Technical Analyst Clive Maund shares why he believes Giant Mining Corp. is an Immediate Speculative Buy.

If you are the kind of investor who likes to obtain maximum leverage on capital employed in an environment where risk is at tolerable levels, Giant Mining Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BFGFF#OTC">BFGFF</a>) is the stock for you.

In its former incarnation as Majuba Hill Copper, the only things giant about the company were the potential of its Majuba Hill resource, which continues, and the magnitude of losses suffered by shareholders. However, with the company to a large extent being reborn early this month involving a name change and a big 1 for 20 share rollback, a successful oversubscribed funding, and the prospect of a massive bull market in copper that has already started, there is considered to be a very good chance that the company and its stock will live up to the new name.

It is most important to note that there are two compelling factors that make the stock unusually attractive now. One is that it is at a historically extremely low price, as we will later see on its charts. The other is that, following the share rollback, there are only a tiny 3.4 million shares in issue, less than 2 million of which are in the float, so any tilt in the supply-demand balance will result in big gains in the stock.

Now, we will proceed to look at a range of slides from the company&#39;s latest investor deck, which help to tell the story.

We will start first with a couple of slides about copper itself, which explain why it is such a central metal and why it will be in short supply in the future and thus rise significantly in price.

The first slide shows who uses how much copper &mdash; China&#39;s consumption is astounding, with it gobbling up 57% of world supply this year.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101310_1.jpg" style="height:559px; width:1000px" />

The next slide, which is not from the company&#39;s deck, shows the massive shortfall in copper supply that will start to impact as soon as next year and is set to get steadily worse, and it also shows the explosion in M&amp;A (Merger and Acquisition) activity last year following a decade of cuts to copper exploration.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101338_2.jpg" style="height:561px; width:1000px" />

The following slide shows the location of the company&#39;s flagship property in northwest Nevada, situated between the famous Battle Mountain and Walker Lane trends, and also gives some details about it.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101357_3.jpg" style="height:563px; width:1000px" />

The next slide provides a view of what is presumably Majuba Hill, which furnishes the name of the company&#39;s property and formerly the name of the company itself.

If there are any hikers amongst you who might like to climb this hill, you are advised to do so before it gets carted away in 100-ton trucks.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101419_4.jpg" style="height:546px; width:1000px" />

The following slide gives some insight into the history of Majuba Hill, where there were some high-grade underground mines.

This is not just of academic interest because it clearly shows the potential of the area when subjected to more modern and efficient mining techniques.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101445_5.jpg" style="height:564px; width:1000px" />

The company&#39;s plans for the property are not the product of &quot;a pipe dream&quot; or wishful thinking.

The following side showing the 2023 NI43 &mdash; 101 assessment demonstrates that there is economically viable copper in that hill &mdash; and that&#39;s at today&#39;s prices.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101508_6.jpg" style="height:564px; width:1000px" />

The last slide shows the extraordinarily low number of shares in issue following the consolidation at 3.4 million, which obviously creates the potential for big gains if there is an influx of demand.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101529_7.jpg" style="height:566px; width:1000px" />

Now we will proceed to look at the stock charts for Giant Mining, on which we see that it appears to be in the process of reversing to the upside from an extremely low level against the background of a constellation of vastly improving fundamentals both for the company and for the metal it is exploring for, which is copper, as discussed above.

We&#39;ll start by looking at long-term charts to gain an overall understanding of the history of the stock and then zoom in on stages.

Starting with a 7-year chart, we can see that the stock has suffered a horrendous decline from its 2018 peak, although we should note that it never got to over $2,700 &mdash; this price is adjusted for subsequent rollbacks. What this chart makes plain, even taking this into account, is that the stock is now worthless compared to its former glories.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101554_8.jpg" style="height:857px; width:859px" />

Even when we knock out the wild 2018 peak by going back only to 2020 using a 4-year chart, the decline from the rollback adjusted early 2021 peak at about $142 to the present is still horrendous, with its lofty heights crushing recent action flat on the chart, making it unintelligible.

On the positive side, the upside from this low level is giant, with the big volume buildup just this month. We can start to see on this chart a sign that it may be reversing to the upside.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101620_9.jpg" style="height:857px; width:870px" />

Zooming in again via the 1-year chart, we see that even over the past 10 months we see that Giant Mining lost 95% of its value from its peak last August through early this month but on this chart, we can start to see the positive price / volume action of recent weeks that is a sign of a reversal at long last.

The dive to what looks like the final low early this month was on comparatively very heavy volume, and it looks like a &quot;selling climax&quot; the price has since stabilized on improving upside volume that has driven a recovery in the Accumulation line, which is viewed as a fairly convincing sign that the bottom is in. So we will now look at recent action in much more detail on a 3-month chart in an effort to discern exactly what is going on.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101644_10.jpg" style="height:857px; width:864px" />

The 3-month chart opens out recent action so that we can readily see what is going on. On it, we can see that the price pattern from late last month is a small Cup and Handle base, even if it more closely resembles one of those small plastic scoops that you use to measure out doses of powdered medicine.

As mentioned above, the dive into the low was on relatively heavy volume that is believed to have been due to a &quot;cross trade&quot; and cross trades in this position are usually due to Smart Money taking advantage of very low prices to establish a big position in a stock on the cheap. The price then rose out of the low on quite a good volume, which then became very light again or non-existent as the price settled into a very narrow range to form the Handle of the pattern. The price is still within this Handle, and the increase in activity when the price rose a little on Friday may mark the start of a breakout from the base pattern.

<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202456101708_11.jpg" style="height:857px; width:859px" />

Giant Mining has three big things going for it now, which are positive circumstances that have all come about in the recent past. One is that it has just closed oversubscribed funding, another is that it is just about to start a significant drilling program that should generate interest in the stock and could turn up positive results, and last but not least, copper has just started a major bull market in the face of a massive impending supply crunch.

The perfect time to show up for a party is right after others have spent hours preparing it, and you turn up just as it&#39;s getting started. This is believed to be the situation we find ourselves in right now with Giant Mining. 

Giant Mining is therefore rated an Immediate Speculative Buy for all timeframes. It must be classed as speculative because it is a small company whose stock is at a very low price, but that also affords massive leverage if things go well, as they are expected to. Due to the extraordinarily low number of shares in issue (less than 2 million in the float) you are advised not to go spreading this around until you have made any purchases you may want to.

Giant Mining Corp.&#39;s website.

Giant Mining Corp. closed at CA$0.495 on May 3, 2024.

Important Disclosures:

<ol>
	<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp.</li>
	<li>Clive Maund: I determined which companies would be included in this article based on my research and understanding of the sector.</li>
	<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</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>

Clivemaund.com Disclosures

The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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Giant Mining

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