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Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares closed up 0.8% at $138 <a href="https://www.benzinga.com/news/24/10/41405213/nvidia-to-rally-around-39-here-are-10-top-analyst-forecasts-for-friday">on Friday</a>, taking its market capitalization to over $3 trillion, but the stock can go higher, according to bullish experts. 
Expert Commentary: Ram Ahluwalia, CEO of Lumida Wealth Management is reportedly optimistic about the company touching a $4 trillion valuation.
&#8220;There&#8217;s no question about it. The demand for GPU chips is strong, and you&#8217;re seeing early adopters starting to get some ROI,&#8221; Ahulwali <a href="https://finance.yahoo.com/news/nvidia-to-win-the-race-to-4-trillion-market-cap-experts-say-131512935.html">told</a> Yahoo Finance. 
T. Rowe Price portfolio manager Tony Wang also reportedly shares the confidence.
"You&#8217;ve got several more years of AI investment before you hit saturation or a more maturing AI landscape," according to Dan Niles, founder of Niles Investment Management. "You&#8217;ll see Nvidia&#8217;s revenues double over the next several years, and I think you&#8217;ll see the stock double over the next several years,&#8221; Niles told Yahoo Finance. 
&#8220;&#8230;demand for Inference compute could grow exponentially as model builders (such as OpenAI) solve for high throughput and low latency. Importantly, supported by its full-stack approach, we believe Nvidia is well-positioned to capture this growth opportunity in Inference,&#8221;<a href="https://www.ft.com/content/e910b9a2-ce6b-48b0-af45-0c55ca723395"> according to </a>Goldman Sachs, as reported by the Financial Times. Sachs has a price target of $150 for the stock. 
Bofa Securities on Friday maintained their &#8216;Buy&#8217; rating on the stock and increased its price target for the company <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41410262/ai-creates-generational-opportunity-why-nvidia-analyst-says-stock-will-hit-190">from $165 to $190.</a> 
In fact, Nvidia has a consensus price target of<a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">&nbsp;$234.49&nbsp;based on the ratings of&nbsp;38&nbsp;analysts.</a>&nbsp;
Why It Matters: Nvidia stock is up by nearly 186.5% year-to-date, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company now has a market cap of about $3.39 trillion. 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg" alt="" class="wp-image-603954" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002516/newplot-5-2-1-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
As of its current valuation, Apple is the only American company with a market cap higher than Nvidia. However, even Apple&#8217;s valuation is short of $4 trillion ($3.57 trillion). 
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="450" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg" alt="" class="wp-image-603953" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/20002154/newplot-10-1-300x208.jpeg 300w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
Nvidia stock has surged more than 233% over the past year, with its share price jumping from $41 to $138. Meanwhile, ETFs tracking Nvidia, such as GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>) and Direxion Daily NVDA Bull 2X Shares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDU#NASDAQ">NVDU</a>), have delivered gains of at least 440% during the same period.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf">Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: &#8216;There Is No Meaningful Efficiency Difference…&#8217;</a></li>
</ul>
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Nvidia Stock Is Up Over 233% In The Past Year And Tech Bulls Say It Could Go Even Higher From Here: '…You'll See The Stock Double Over The Next Several Years'

Elliott Investment Management and Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) have begun discussing a potential settlement that could avoid a proxy fight for control of the airline company&#8217;s board.
What Happened: Elliott has proposed a plan that involves giving it representation on the airline&#8217;s board without control, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-19/southwest-activist-elliott-said-to-begin-settlement-discussions">reported</a> on Saturday, citing people familiar with the matter.
The report added that the talks are progressing towards a resolution. However, they haven&#8217;t been finalized and could also be unsuccessful, it said.
<a href="http://pro.benzinga.com">Benzinga</a> has reached out to both Southwest and Elliott for confirmation but is yet to receive a response.
Why It Matters: Earlier this week, Elliott Investment Management asked for a special meeting of&nbsp;Southwest shareholders for Dec. 10 and <a href="https://www.benzinga.com/news/24/10/41314958/whats-going-on-with-southwest-airlines-stock-today">submitted a proposal</a> to replace eight directors on the struggling airline's board. 
Elliott&nbsp;has made several attempts to persuade Southwest to implement what it sees as "necessary" governance changes to improve financial performance since June. The hedge fund said it currently maintains nearly 11% stake in the airline.
"We are taking this step today because the need for improved oversight at Southwest has never been more urgent," the activist investor said earlier this week while adding that the company needs an experienced and qualified Board to oversee changes.
However, Southwest then termed the special meeting request as &#8220;<a href="https://www.benzinga.com/news/24/10/41339656/southwest-airlines-stock-is-rising-tuesday-whats-going-on">unnecessary and inappropriate</a>&#8221; and termed the hedge fund&#8217;s demands as &#8220;extreme.&#8221;
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41417197/elon-musk-tesla-refute-inefficiency-concerns-with-wireless-charging-on-cybercab-there-is-no-meaningf">Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: &#8216;There Is No Meaningful Efficiency Difference…&#8217;</a></li>
</ul>
Photo via Wikimedia Commons

Media

Southwest Airlines In Settlement Talks With Activist Investor Elliott Management To Avoid Proxy Fight For Board Control: Report

Vice President Kamala Harris on Saturday blamed Amber Thurman&#8216;s death in Aug. 2022 on Georgia&#8217;s abortion laws and accused former President Donald Trump of <a href="https://www.benzinga.com/news/24/09/40971766/trump-says-women-would-no-longer-be-thinking-about-abortion-if-he-wins-whitmer-calls-trump-just-dera">belittling her family&#8217;s sorrow.</a>
What Happened: "Donald Trump still refuses to take any accountability for the pain and the suffering he has caused," Harris said at a rally in Atlanta, <a href="https://apnews.com/article/harris-lizzo-usher-michigan-georgia-early-voting-bce7d9172df6a83cf40a35e00ddb1604">reported</a> the Associated Press. Thurman&#8217;s mother also attended the rally, holding a picture of her daughter, the report said.
Thurman died in Georgia in 2022 after delays in receiving appropriate medical care after an abortion. The state prohibits most abortions after six weeks. 
Harris referred to Trump&#8217;s previous comment about how his Fox News Channel town hall would get &#8220;better ratings&#8221; than the Thurman family on a separate media call. Harris accused Trump of belittling the family&#8217;s sorrow and being &#8220;cruel.&#8221; 
Why It Matters: Abortion is central to Harris&#8217; Presidential campaign. The vice president has pledged to restore the <a href="https://www.benzinga.com/news/24/09/40869733/trump-stumbles-again-over-health-care-issues-involving-abortion-and-obamacare">national right to abortion</a> if she wins in the Nov. 5 election.
Harris, a staunch supporter of abortion rights, has previously also reproached Trump for his influence in appointing three Supreme Court justices who reversed <a href="https://www.benzinga.com/news/22/06/27844012/breaking-supreme-court-overturns-roe-v-wade">Roe v. Wade in 2022 </a>and nullified the constitutional right to abortion. She held Trump accountable for the stringent abortion laws in several states, including Georgia, labeling it a healthcare crisis and attributing its inception to Trump.
Trump, meanwhile, said in September that women will &#8220;no longer be thinking about abortion&#8221;<a href="https://www.benzinga.com/news/24/10/41251001/trumps-niece-slams-texas-abortion-law-ruling-warns-of-future-challenges-if-kamala-harris-loses-nov-5"> if he reclaims the White House</a> as it will be upon states and their voters. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/emerging-markets/24/10/41416913/bidens-farewell-to-africa-strategic-motives-behind-first-and-only-presidential-visit">Biden&#8217;s Farewell To Africa: Strategic Motives Behind First And Only Presidential Visit</a></li>
</ul>
Photo courtesy: Wikimedia

Politics

General

Kamala Harris Blames Amber Thurman's Death On Georgia Abortion Law, Slams Trump For 'Cruel' Remarks

Former President Donald Trump launched a scathing attack on fellow billionaire Mark Cuban on Saturday, accusing him of being a &#8220;loser&#8221; and a &#8220;weak and pathetic bully.&#8221;
What Happened: Trump <a href="https://www.benzinga.com/startups/24/10/41415895/dont-normalize-trumps-behavior-warns-mark-cuban-says-its-an-insult-to-american-workers-to-claim-thei">escalated his public feud</a> with Cuban after the latter&#8217;s criticism of the ex-president&#8217;s tariff proposals during a Kamala Harris campaign rally in Wisconsin the previous Thursday.
Trump used his Truth Social platform on Saturday to lash out at Cuban. "Mark Cuban is a Loser," Trump wrote. 
"Wouldn't take his phone calls anymore while at the White House, and he went rogue. A weak and pathetic ‘bully,' he's got nothing going. Really low clubhead speed, a total non-athlete!"
<figure class="wp-block-image size-full"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/19223421/Screenshot-2024-10-20-at-8.03.56%E2%80%AFAM.png" alt="" class="wp-image-603933" /></figure>
See Also: <a href="https://www.benzinga.com/news/24/10/41405124/whats-going-on-with-nvidia-stock-on-friday?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Nvidia Stock On Friday?</a>
Why It Matters: Trump&#8217;s proposed tariff plan, <a href="https://www.benzinga.com/news/24/10/41348822/mark-cuban-says-he-knows-what-trump-wants-to-achieve-with-tariffs-but-the-ex-president-has-no-idea-w">which suggests a 20% universal tariff </a>on all imports and a 60% rate for Chinese imports, has faced widespread criticism from economists. They contend that such a stringent approach would primarily impact U.S. importers and consumers.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a> explains how Trump's tariff plan will raise your prices: "It's your family that will suffer. He doesn't care&#8230; Trump is the Grinch that&#39;s trying to steal your Christmas" <a href="https://t.co/OBy38weV8j">pic.twitter.com/OBy38weV8j</a>
&mdash; Morgan J. Freeman (@mjfree) <a href="https://twitter.com/mjfree/status/1847803323623051524?ref_src=twsrc%5Etfw">October 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Interestingly, Cuban, <a href="https://www.benzinga.com/news/24/10/41222696/mark-cuban-recalls-his-love-hate-relations-with-trump-its-not-like-i-dont-like-him-i-just-dont-think">who had once lauded Trump in 2015</a> as the &#8220;best thing to happen to politics in a long time,&#8221; has since turned into a staunch critic of the former president. He publicly endorsed Hillary Clinton in the 2016 election and has been a consistent supporter of the Harris campaign in the current election cycle.
Cuban, known for his role in &#8220;Shark Tank,&#8221; has also hinted at his political aspirations, including the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41314578/mark-cuban-to-replace-gary-gensler-under-harris-administration-if-asked-i-would-want-to-be">possibility of replacing Securities and Exchange Commission</a> Chair Gary Gensler. In a parallel development, Trump has roped in Elon Musk as a high-profile campaign surrogate, adding another dimension to his rivalry with Cuban.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill</a>
Images via Shutterstock

Trump Unleashes Scathing Attack On Former Friend Mark Cuban After Billionaire Criticizes Ex-President's Tariff Plans: 'Weak And Pathetic Bully'

EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Saturday that its inductive charging technology for its <a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">Cybercab product</a> would be over 90% efficient, refuting concerns.
What Happened: &#8220;Efficiency is well above 90%,&#8221; Tesla wrote in response to X users, including popular tech YouTuber Marques Brownlee, who opined that inductive charging such as the one demonstrated by Tesla in a video featuring the Cybercab, where the <a href="https://www.benzinga.com/news/24/10/41415010/tesla-cybercabs-wireless-charging-capabilities-shown-off-in-new-teaser-video-will-this-be-the-future">charger does not even touch the vehicle</a>, could be inefficient given the heat waste. 
<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">Efficiency is well above 90%
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1847745953857524119?ref_src=twsrc%5Etfw">October 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Tesla CEO Elon Musk also addressed the concerns and said, &#8220;There is no meaningful efficiency difference between inductive and conductive charging if the system is designed right.&#8221;
&#8220;There is always an inductor somewhere in the charge circuit!,&#8221; Musk added. 
<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">There is no meaningful efficiency difference between inductive and conductive charging if the system is designed right. There is always an inductor somewhere in the charge circuit!
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1847758760166760524?ref_src=twsrc%5Etfw">October 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Tesla unveiled the 2-seater Cybercab with no pedals or steering wheels at an event near Los Angeles earlier this month. The vehicle is Tesla&#8217;s dedicated product for autonomous driving and is expected to enter production &#8220;before 2027,&#8221; according to the company CEO. 
Musk then also added that the vehicle is expected to be priced at under $30,000.
Musk, however, is known for providing overambitious timelines on his companies&#8217; products including the next generation of Roadster which was initially expected to ship in 2020 but is yet to start production. Brownlee even said in a video earlier this week that he would<a href="https://www.benzinga.com/news/24/10/41325776/tech-youtuber-mkbhd-says-ill-shave-my-head-on-camera-if-elon-musks-tesla-delivers-cybercab-before-20"> shave his head on camera</a> if Tesla indeed launches the Cybercab before 2027 for $30,000. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41398013/trick-or-treat-rivian-rolls-out-spooky-halloween-update-featuring-car-costumes-creepy-chirps" target="_blank" rel="noreferrer noopener">Trick Or Treat: Rivian Rolls Out Spooky Halloween Update Featuring Car Costumes, Creepy Chirps</a></li>
</ul>
Image via Tesla

TSLA

Elon Musk, Tesla Refute Inefficiency Concerns With Wireless Charging On Cybercab: 'There Is No Meaningful Efficiency Difference…'

The U.S. government has initiated an investigation into the unauthorized release of &#8220;highly classified&#8221; documents. These classified documents, which detail <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41309234/israels-attack-on-iran-would-rattle-the-nerves-of-oil-market-says-expert">Israel&#8217;s plans to attack Iran</a>, were found posted on the messaging platform, Telegram.
What Happened: The documents are believed to originate from the U.S. Geospatial Intelligence Agency and the National Security Agency. They indicate that Israel is mobilizing military assets to launch a retaliatory strike against Iran, following Iran&#8217;s ballistic missile attack on Oct. 1.
These documents were intended for internal circulation within the &#8220;Five Eyes&#8221; intelligence alliance, comprising the U.S., Great Britain, Canada, New Zealand, and Australia. U.S. officials, who wished to remain anonymous, have confirmed the documents&#8217; authenticity <a href="https://apnews.com/article/israel-iran-us-documents-attack-e7e23d09a2f1fc14498e64b38d74576f">to</a> The Associated Press.
See Also: <a href="https://www.benzinga.com/news/24/10/41324450/elon-musk-says-spacexs-next-generation-starlink-satellites-will-be-so-big-that-only-starship-can-lau?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says SpaceX&#8217;s Next-Generation Starlink Satellites Will Be &#8216;So Big That Only Starship Can Launch&#8217;</a>
The ongoing investigation is also probing how these documents were obtained, whether it was an intentional leak from within the U.S. intelligence community or through other means, such as hacking. It also scrutinizes whether any other intelligence information was compromised in the process, the AP report said.
The Pentagon has acknowledged the reports of the leaked documents, the report said, but refrained from commenting further. The &#8220;Middle East Spectator,&#8221; a Telegram channel, claimed to have received these &#8220;highly classified&#8221; documents from an anonymous source. However, the authenticity of the documents could not be verified by the Middle East Spectator.
The Pentagon and White House did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga's</a> request for comment.
Why It Matters: This leak comes at a critical time when the U.S. has been encouraging Israel to seek a ceasefire in Gaza following <a href="https://www.benzinga.com/markets/asia/24/10/41385179/hamas-chief-oct-7-mastermind-yahya-sinwar-possibly-dead-idf-conducts-dna-tests-after-gaza-clash">the elimination of Hamas leader</a> Yahya Sinwar. The U.S. has also advised Israel against escalating military operations in Lebanon, which could potentially trigger a broader regional conflict. Despite these warnings, Israel&#8217;s leadership remains adamant about not letting Iran&#8217;s missile attack go unanswered.
The leak of classified documents is a matter of grave concern for the U.S. government, especially given the recent history of similar incidents. In 2023, a <a href="https://www.benzinga.com/government/23/07/33127619/classified-document-leak-on-discord-prompts-pentagon-to-strengthen-security-procedures">significant security breach</a> prompted the Pentagon to implement stricter measures for handling classified national security information. This breach involved a National Guardsman leaking classified documents on the Discord social media platform.
The Guardsman, <a href="https://www.benzinga.com/news/23/04/31761347/us-to-turn-over-every-rock-to-find-intel-leak-source-amid-national-security-fears">who leaked the documents</a>, was charged under the Espionage Act and was linked to an online group where the leaked documents first appeared.
Read Next: <a href="https://www.benzinga.com/news/24/10/41355911/waymo-co-founder-says-tesla-has-an-advantage-in-race-to-autonomous-driving-id-rather-be-in-teslas-sh?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Waymo Co-founder Says Tesla Has An Advantage In Race To Autonomous Driving</a>
Image Via Shutterstock

US Investigating Leak Of 'Highly Classified' Documents On Israel's Alleged Plans To Attack Iran

<a href="https://www.bnnbloomberg.ca/business/2024/10/19/southwest-activist-elliott-to-begin-settlement-discussions/" title="https://www.bnnbloomberg.ca/business/2024/10/19/southwest-activist-elliott-to-begin-settlement-discussions/">https://www.bnnbloomberg.ca/business/2024/10/19/southwest-activist-elliott-to-begin-settlement-discussions/</a>

Insider Trades

Bloomberg Reported Earlier, Southwest, Elliott Investment Management To Begin Settlement Discussions

After a hurricane-related postponement, President Joe Biden will visit Angola in December, marking his first and last trip to the African continent in the final week of his tenure. Angola, a country with a complex history tied to the United States and its Cold War adversaries, is now at the forefront of new opportunities for collaboration, particularly in infrastructure development and <a href="https://www.benzinga.com/topic/metals">critical mineral supply chains</a>.
A Shifting Foreign Policy
During the Cold War, Angola was a hotspot for proxy battles between the Soviet Union and the United States. Angola&#8217;s civil war, which raged from 1975 to 2002, saw the Soviet Union, Cuba, and China support the ruling MPLA (People&#8217;s Movement for the Liberation of Angola), while the U.S. backed anti-communist rebel groups. Despite being on opposite sides, U.S. oil companies continued operating in Angola, exporting oil to Europe while geopolitical tensions persisted.
Since the end of the civil war, Angola has maintained a relatively stable government under the MPLA, and the U.S. established formal diplomatic relations in 1993. Over the years, the relationship between the two countries has grown, although Angola's primary economic ties have shifted towards China and Russia.
However, following Russia&#8217;s invasion of Ukraine, Angola&#8217;s abstention from the United Nations vote and subsequent vote against Russia signaled a more independent foreign policy—one that could align with Western interests and counterbalance China&#8217;s and Russia&#8217;s influence on the continent.
Also Read: <a href="https://www.benzinga.com/markets/esg/24/10/41409688/this-small-cap-nuclear-stock-is-up-over-100-in-a-month-will-it-keep-generating-momentum">This Small-Cap Nuclear Stock Is Up Over 100% In A Month: Will It Keep Generating Momentum?</a>
The Lobito Corridor
Lobito Corridor is a critical infrastructure project and likely the <a href="https://www.benzinga.com/markets/commodities/24/02/37074505/african-rail-projects-become-battleground-for-us-china-competition-in-strategic-mineral-suppl">focal point of Biden's visit</a>. This corridor, which includes the Benguela Railway, connects Angola's Lobito port to the mineral-rich regions of the Democratic Republic of Congo (DRC) and Zambia. By upgrading this route, the U.S. sees an opportunity to facilitate the export of critical minerals, especially copper and cobalt, essential for the global electric vehicle (EV) transition and renewable energy technologies.
Furthermore, Canadian Ivanhoe Mines (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IVAPF#OTCQX">IVAPF</a>) was granted a license to explore for copper in Angola just a year ago, showing the growing Western interest in this country rich in manganese, uranium, zinc, wolfram, and, particularly, diamonds.
The Rich Neighborhood
The Lobito Corridor also benefits neighboring Zambia, which boasts 94 active mining projects, including KoBold Metals' <a href="https://www.benzinga.com/news/24/02/36940360/kobold-metals-announces-historic-copper-discovery-in-zambia">largest copper discovery</a> in the country's history. Copper is a critical resource for electronics, renewable energy, and EV batteries, and Zambians know it. They plan to raise their medium-term copper production to <a href="https://www.benzinga.com/markets/commodities/24/04/38115830/zambia-mining-boom-the-road-to-1-million-tons-of-copper">one million tons per year</a>.
Historically, Zambia has faced infrastructure bottlenecks that have <a href="https://www.benzinga.com/markets/commodities/24/03/37466646/zambia-plans-to-increase-copper-production-but-faces-3-problems">constrained its mining potential</a>. By leveraging the Lobito Corridor, Zambia could significantly boost its copper exports to global markets, especially as U.S. allies such as Saudi Arabia have <a href="https://www.benzinga.com/news/24/10/41399210/saudi-arabia-targeting-billions-in-zambian-assets-despite-persistent-infrastructure-troubles">recently invested in Zambian copper assets</a>, including First Quantum's (OTCPK: FQVLF) Kansanshi and Sentinel copper mines. Additionally, Barrick Gold's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) Lumwana copper mine in Zambia is one of the country's major copper producers, further highlighting the potential economic boost the Lobito Corridor could provide.
Countering China's Influence
For Angola, which is heavily indebted to China, this infrastructure project represents an opportunity to diversify its economic partnerships. China is Angola&#8217;s largest trading partner, primarily driven by oil exports. Yet, U.S. investments in projects like the Lobito Corridor could shift the country's economic focus toward the West, reducing its dependence on Chinese loans and infrastructure development.
President Biden's visit, therefore, comes at a crucial time. His trip opens a path to critical African commodities, countering China's Belt and Road initiative by providing a faster, more efficient route to Europe and the U.S., bypassing the Indian Ocean, and strengthening trade ties with Western markets.
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Biden's Farewell To Africa: Strategic Motives Behind First And Only Presidential Visit

As voters across the United States prepare to head to the polls on November 5, the <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">presidential race is heating up</a>.
As election day approaches, attention turns to the polling averages compiled by the polling <a href="https://abcnews.go.com/538" target="_blank" rel="noreferrer noopener">analysis</a> website 538, a part of ABC News. This platform gathers data from various national and battleground state polls, applying strict quality control measures to ensure reliability.
National Polls: Harris Holds a Narrow Lead On Average
Since entering the race in late July, Kamala Harris has maintained a slight lead over Donald Trump in national polling averages, <a href="https://www.bbc.com/news/articles/cj4x71znwxdo" target="_blank" rel="noreferrer noopener">reported </a>BBC. Initially experiencing a surge in popularity, she built a lead of nearly four percentage points by the end of August.
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Swing States: A Tight Contest
Currently, the race in seven battleground states is exceptionally close, with neither candidate holding a decisive advantage. Trump has recently claimed a slight lead in Arizona, Georgia, and North Carolina.
Conversely, in Nevada, Harris has edged ahead. Meanwhile, in Michigan, Pennsylvania, and Wisconsin, traditionally Democratic strongholds, Harris has maintained a narrow lead, though the numbers have tightened recently.
Notably, on the day Biden exited the race, he was trailing Trump by nearly five percentage points in these crucial swing states. Pennsylvania, in particular, is vital due to its significant electoral votes, and it had shown Biden behind by nearly 4.5 points at that time, BBC added while analyzing the polling average presented by the 538 website.
Trust in Polls: A Skeptical Landscape
Despite the current polling, uncertainty looms!
The close margins in swing states make it challenging to predict a winner, and past elections have shown that polls can underestimate Trump&#8217;s support, BBC added.
Polling companies are working to improve their methodologies, striving to better reflect the demographics of the voting population and anticipate voter turnout on November 5.
As Harris and Trump prepare for a fiercely contested election, all eyes will be on the battleground states that could determine the outcome.
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Key Battlegrounds Heat Up As Trump Gains Ground In Critical States

Gov. <a href="https://www.benzinga.com/topic/gavin-newsom" target="_blank" rel="noreferrer noopener">Gavin Newsom</a> (D-Calif.) has expressed his support for <a href="https://www.benzinga.com/topic/elon-musk" target="_blank" rel="noreferrer noopener">Elon Musk</a> in the billionaire&#8217;s dispute with a California agency that rejected an expansion of <a href="https://www.benzinga.com/topic/spacex" target="_blank" rel="noreferrer noopener">SpaceX&#8217;s rocket launches along the Pacific coast</a>.
In a recent interview, Newsom voiced his disapproval of the agency&#8217;s decision, aligning himself with Musk&#8217;s position after returning from a campaign event for Vice President Kamala Harris in North Carolina, <a href="https://www.politico.com/news/2024/10/18/elon-newsom-musk-california-spacex-00184408" target="_blank" rel="noreferrer noopener">reported</a> Politico.
Musk filed a lawsuit against the California Coastal Commission in federal court in Los Angeles on Tuesday, alleging that the commission engaged in blatant political discrimination by citing his support for former President Donald Trump when it rejected a Department of Defense proposal to increase SpaceX launches at Vandenberg Space Force Base.
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Newsom acknowledged that his comments might not aid Musk&#8217;s legal case, suggesting that such explicit political issues should not be raised.
The Coastal Commission&#8217;s 6-4 vote against the increased launches raised concerns about the classification of SpaceX activities and shifted discussions to Musk&#8217;s political conduct and labor practices.
Previously, Newsom and Musk have had tensions over various issues, including Musk&#8217;s relocation of businesses and Newsom&#8217;s criticisms of Trump.
Newsom pointed out that while Musk&#8217;s recognition of political discrimination is a positive step, his substantial donations to Trump raise questions about his character.
He emphasized that his administration had previously collaborated with the Defense Department to address concerns related to the launch proposal, and indicated that efforts were made to find common ground before the commission&#8217;s decision, noting that the focus should have been on broader implications rather than Musk&#8217;s political persona.
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Newsom Sides With Musk In Dispute Over California SpaceX Launches

Billionaire Bill Gates is best known for co-founding technology giant Microsoft, which is now a multi-trillion-dollar company. It turns out that Gates had to stop a bad habit along the way <a href="https://www.benzinga.com/startups/24/09/40982632/bill-gates-says-if-he-started-microsoft-today-hed-focus-on-this-industry-instead">to be successful</a>.
While an undergraduate student at Harvard University, Gates has a bad habit of procrastination.
"I liked to show people that I didn't do any work, and that I didn't go to classes and I didn't care," Gates said in a 2005 Q&amp;A session with Warren Buffett, as <a href="https://www.cnbc.com/2018/03/16/bill-gates-quit-this-bad-habit-before-he-became-successful.html">reported</a> by CNBC.
Gates said he would prepare for tests at the last minute.
"People thought that was funny. That was my positioning: the guy who did nothing until the last minute."
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Gates recalled the need to get rid of this "very bad habit" when he got into the business world. The billionaire dropped out of Harvard after two years.
"When I went into business that was a really bad habit and it took me a couple years to get over that."
Gates acknowledged that while procrastination might have seemed like a cool character trait in college, it quickly became a liability in the business world, where last-minute work is generally frowned upon.
"Nobody praised me because I would do things at the last minute."
Gates said in the business world, he worked hard to reverse course and tried to emulate the students at Harvard "who were always organized and had things done on time."
While he was able to get rid of the bad habit, Gates confessed in the 2005 interview that he still hadn't fully learned not to put things off.
"I'm still working on it, but procrastination is not a good habit."
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Photo: Shutterstock

Education

Success Stories

Bill Gates Had A 'Very Bad Habit' That Could Have Derailed His Career

Shaquille O&#8217;Neal has <a href="https://www.benzinga.com/news/24/09/40931123/shaquille-oneals-estimated-500m-portfolio-includes-a-big-bet-on-google-but-big-shamrock-made-a-criti">developed a successful </a>business, entertainment and investing career in addition to his illustrious athletic career. He also hosts a program called &#8220;The Break&#8221; on his YouTube channel, in which he talks to a group of guests in a lighthearted and informal discussion about important topics like money management.
But just like anyone else, he wasn&#8217;t born knowing all the ins and outs of managing money. In an <a href="https://www.youtube.com/watch?v=dYG7vlMIRZQ">episode</a> called &#8220;Investing,&#8221; Shaq shared a story that perfectly sums up his journey from being rich to truly wealthy.
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&#8220;I used to see this rich guy, really rich, older – like 80 – driving a Rolls-Royce,&#8221; Shaq recalled. Curious, as many of us would be, Shaq asked the man how he got so wealthy. It wasn&#8217;t flashy stock picks or risky real estate deals that the man shared. Instead, he gave Shaq a word he&#8217;d never heard before: annuity.
Shaq went home to check it out because he didn&#8217;t want to miss anything important. He discovered that an <a href="https://www.benzinga.com/money/how-annuities-work">annuity is an investment</a> that lets you put money down now and get payouts regularly later on – think of it as a guaranteed retirement income.&nbsp;
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&#8220;I was making so much money from commercials and all, I didn&#8217;t know what to do with it,&#8221; Shaq said. But the advice clicked with him. The older man told Shaq that all the money he was making now could work for him in the future – he just needed to invest it wisely.
Shaq&#8217;s approach to handling his finances took a significant turn after that conversation. He said it was the best advice he ever got because it taught him to think about the future. &#8220;All this money you&#8217;re making, if you save it, you can invest it and start collecting at 50, 60 and 70,&#8221; the older man told him. Thus, instead of spending all his money or taking big risks, Shaq learned the <a href="https://www.benzinga.com/startups/24/10/41273376/im-not-in-this-to-become-a-trillionaire-said-shaq-on-starting-his-big-chicken-restaurants-its-about">importance of steady growth and safety</a>.
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But before Shaq shared his story, Juan Toscano-Anderson, who won the NBA championship with the Golden State Warriors in 2022 and was one of the guests on the show, admitted that, like many people, he was often tempted by the idea of quick money.&nbsp;
He <a href="https://www.benzinga.com/money/financial-advisor-costs-and-fees">hired financial advisors</a> but sometimes found their advice boring. He was more interested in seeing his $100,000 turn into $350,000 overnight. But after losing money in a friend&#8217;s business venture, he learned a crucial lesson: the basics might not be flashy, but they&#8217;re reliable. &#8220;It doesn&#8217;t [sic] have to be sexy. They&#8217;re the basics for a reason,&#8221; he said.&nbsp;
These examples teach a straightforward but important lesson – sometimes, the greatest investment advice isn&#8217;t to chase the latest hot stock or aim to double your money in a year. It all comes down to patience and realizing that wealth is accumulated gradually.
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'He Taught Me A Word I Never Heard,' Says Shaquille O'Neal About The Time He Received The Greatest Investment Advice From A Rich 80-Year-Old

A preliminary agreement was reached to <a href="http://www.iam751.org/2024StrikeProposal" target="_blank" rel="noreferrer noopener">resolve</a> the five-week strike at Boeing, the troubled aircraft manufacturer. The union i<a href="https://www.benzinga.com/news/24/10/41354045/as-boeing-workers-enter-second-month-of-strike-rival-airbus-reportedly-plans-to-cut-2-500-jobs" target="_blank" rel="noreferrer noopener">nformed its 33,000 striking members early Saturday</a>.
The International Association of Machinists and Aerospace Workers announced that members will vote on the proposal this Wednesday.
The proposal includes several key terms:
Wages will see a total increase of 35% over four years, broken down as 12% in Year 1, 8% in Year 2, 8% in Year 3, and 7% in Year 4. The Aerospace Machinists Performance Plan (AMPP) incentive plan will be reinstated, offering a guaranteed minimum annual payout of 4%, with the first payout expected in February 2025.
For retirement benefits, the company will match 100% of the first 8% contributed to the 401(k), along with a guaranteed Special Company Retirement Contribution of 4%. Additionally, there will be a one-time contribution of $5,000 to each member&#8217;s Boeing 401(k).
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In terms of pensions, the Boeing Company Employee Retirement Plan (BCERP) multiplier benefit will increase to $105 for vested employees. There will also be a one-time ratification bonus of $7,000. Lastly, the sick time call-out policy will revert to the language in the existing contract, removing the requirement to call in before shifts.
Boeing stands as the largest exporter in the United States, contributing approximately $79 billion annually to the economy. This supports 1.6 million jobs, both directly and indirectly, across 10,000 suppliers located in all 50 states.
The strike took place just a month after Kelly Ortberg began his role as the new CEO, who has expressed a desire to &#8220;reset&#8221; the strained relationship between the company and the union, reported CNN.
According to an estimate from Standard &amp; Poor's, the company has been incurring losses of around $1 billion per month because of the strike, adding to its existing financial challenges.
It has also revealed intentions to reduce its global workforce by 10%, which amounts to approximately 17,000 out of its 171,000 employees, CNN added. The strike has disrupted the production of nearly all of its commercial aircraft, and the company typically receives the majority of its revenue from plane sales upon delivery.
If the members approve the contract, it will supersede an agreement reached in 2008 following a two-month strike.
Boeing later stated in securities filings that this strike led to a revenue drop of approximately $6.4 billion that year, as it delivered 104 fewer aircraft than anticipated, per a news <a href="https://www.nytimes.com/2024/10/19/business/boeing-strike-deal.html" target="_blank" rel="noreferrer noopener">report</a> by The New York Times.
Boeing&nbsp;Q3 Preview:&nbsp;On October 11, Boeing said it will recognize impacts to its&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41299059/boeing-reports-preliminary-third-quarter-results" rel="noreferrer noopener">third-quarter financial results</a>&nbsp;related to charges for programs across its Commercial Airplanes and Defense, Space &amp; Security segments and the ongoing assembly workers strike.&nbsp;
The company anticipates pre-tax earnings charges of $3 billion on the 777X and 767 programs in the Commercial Airplanes segment and expects pre-tax earnings charges of $2 billion on the T-7A, KC-46A, Commercial Crew and MQ-25 programs in the Defense, Space &amp; Security segment.&nbsp;
Boeing expects to report third-quarter revenue of $17.8 billion, GAAP loss per share of $9.97 and negative operating cash flow of $1.3 billion.
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Tentative Deal Announced To End Boeing Strike, Union Will Vote Wednesday

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/10/41379166/spirit-airlines-struggles-to-regain-altitude-as-competitors-soar-bankruptcy-concerns-in" target="_blank" rel="noreferrer noopener">date from December 31 to March 3</a>.
The budget airline was in the process of renegotiating an agreement with the U.S. National Bank Association concerning the processing of payments made to it through Visa or MasterCard credit cards, per an <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001498710/eb889122-2c29-499f-b13b-ff7b9f37a85f.pdf" target="_blank" rel="noreferrer noopener">exchange</a> filing (dated October 18).
The Wall Street Journal had earlier <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae" target="_blank" rel="noreferrer noopener">reported</a> that Spirit was in discussions with bondholders regarding the conditions of a possible bankruptcy filing.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, SAVE stock has lost over 90% in the past year.
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On October 15, Spirit indicated that it had fully utilized the $300 million available under its revolving credit facility and anticipated finishing the year with more than $1 billion in liquidity.
Since the pandemic, Spirit has not reported a profit, and its future as an independent airline became unclear after a federal judge halted its merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), <a href="https://skift.com/2024/10/18/spirit-airlines-extends-key-deadline-to-refinance-debt/" target="_blank" rel="noreferrer noopener">reported</a> Skift. Additionally, problems with Pratt &amp; Whitney engines have forced the airline to ground parts of its fleet.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, JBLU stock has gained over 82% in the past year. Investors can gain exposure to the stock via&nbsp;Themes Airlines ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRL#NASDAQ">AIRL</a>) and&nbsp;LeaderShares Activist Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACTV#NYSE">ACTV</a>).
Spirit has reported losses in almost every quarter since February 2020, per data from<a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">&nbsp;Benzinga Pro</a>. For the 2024 fiscal year second quarter, the company reported an adjusted net loss of $157.9 million.
According to a <a href="https://qz.com/jetblue-founder-neeleman-merger-spirit-frontier-1851676433" target="_blank" rel="noreferrer noopener">report </a>by Quartz, JetBlue&#8217;s founder further escalated matters following the airline&#8217;s unsuccessful merger attempt with Spirit Airlines.
David Neeleman, who left JetBlue in 2007 and now runs Breeze Airways, <a target="_blank" href="https://www.washingtonpost.com/travel/2024/10/17/jetblue-breeze-airways-david-neeleman-southwest-spirit/" rel="noreferrer noopener">told </a>the Washington Post that Spirit should have pursued a merger with Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) instead. However, JetBlue made a more attractive offer to partner with Spirit. After a judge blocked the JetBlue-Spirit merger on antitrust grounds in January, both companies ultimately abandoned the effort in March.
In a <a target="_blank" href="https://s24.q4cdn.com/507316502/files/doc_financials/2024/q2/Earnings-Release-2Q24.pdf" rel="noreferrer noopener">release </a>dated August 1, the company announced that it is on track to realize $100 million in annual run-rate cost savings, with around $75 million anticipated to be achieved by the end of 2024.
Compared to the third quarter of 2023, in the third quarter of 2024, the company will have exited 42 markets while adding 77 new ones, offering more routes on specific days of the week to facilitate expansion with a lower risk profile, and aggressively managing capacity to better align with seasonal and daily demand fluctuations.
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Image: Wikimedia Commons

ACTV

AIRL

JBLU

SAVE

ULCC

Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match

When it comes to collecting autographs, former U.S. presidents are among the most sought after and sometimes hardest to locate<a href="https://www.benzinga.com/topic/collectibles"> for memorabilia collectors.</a>
An upcoming auction offers autographs from every president, from George Washington to Barack Obama.
What Happened: There have been 45 different presidents of the United States, with Donald Trump and Joe Biden serving as the <a href="https://www.benzinga.com/general/politics/24/09/40821291/donald-trump-signed-golden-sneakers-autographed-maga-hat-up-for-auction-at-goldin-heres-the-pric">two most recent</a>.
Autographs from Trump and Biden aren't included in a rare auction of presidential signatures, but the collection is unique and one-of-a-kind for the right buyer.
University Archives is auctioning off a collection of documents signed by the 43 presidents from Washington through Obama, as reported by <a href="https://www.cllct.com/sports-collectibles/autographs/from-washington-to-obama-collection-of-presidential-autographs-hits-auction-block">Cllct</a>. Each of the autographs came during the president's time in the White House, making the collection even more rare.
The collection includes autographed letters, typed letters, and signed documents. The auction house estimates the pre-sale price of the lot of rare presidential signatures at $400,000 to $500,000. The auction kicks off on Oct. 30.
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Why It's Important: While a collection of the autographs of every president is rare, one name stands out in the collection.
William Henry Harrison, who served as the ninth president, has one of the rarest autographs in history. Harrison was inaugurated as president at the age of 67 in 1841, a record for the oldest president sworn in at the time.
Harrison became ill after his record one hour and 45-minute inauguration speech in March 1841 and died one month later.
According to the Cllct report, autographs from Harrison before his presidency sell for around $1,000, but autographs from his short time as president are incredibly rare and valuable. A Harrison signed document from his time in office sold for $75,000 in 2015. Only around 40 Harrison autographs from his time as president are known to exist.
Outside of Harrison, former President James Garfield is another rare autograph from his presidential term. Garfield, the 20th president of the United States, was assassinated 200 days into his term, the second-shortest stint.
Whoever buys the collection will have to decide whether to continue the trend and acquire autographs from Trump and Biden.
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Image created using artificial intelligence via Midjourney.

Washington To Obama: Rare Presidential Autograph Collection Could Fetch $500,000 At Auction

A new election poll points to a close matchup between Donald Trump and Kamala Harris in the 2024 presidential election, continuing a recent trend of polls showing a tight race while prediction markets <a href="https://www.benzinga.com/general/sports-betting/24/10/41347270/trump-vs-harris-2024-election-polls-sportsbooks-betting-odds-show-different-winners-for-20">show a wide lead.</a>
What Happened: Election polls for months have predicted a close head-to-head matchup between Trump and Harris for the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election</a>.
A new Emerson College <a href="https://emersoncollegepolling.com/october-2024-tracking-national-poll-harris-49-trump-48/">poll</a> illustrates the same picture once again. The latest poll shows the following results, with the results from two weeks ago in parentheses:
<ul>
<li>Kamala Harris: 49% (50%)</li>
<li>Donald Trump: 48% (48%)</li>
<li>Someone Else: 1% (1%)</li>
<li>Don't Know: 2% (1%)</li>
</ul>
The poll found that when undecided voters were asked to pick which candidate they were leaning towards, Harris had a lead of 50% to 49% over Trump.
The latest poll shows Harris with a one-point lead, dropping from a two-point lead two weeks ago and a two-point lead back in September.
"Women and male voters break in near opposite directions: men for Trump, 56% to 42%, and women for Harris, 55% to 41%, Emerson College Polling executive director Spencer Kimball said.
Kimball said Harris is leading the way for Hispanic voters 61% to 35% and Black voters 81% to 12%. White voters back Trump 60% to 38%.
With less than one month until voting day, 80% of voters polled said they made their minds up on a candidate over a month ago, 11% said they made up their minds in the last month and 6% said they made up their minds in the past week. Three percent of voters have not made up their mind.
"The three percent of voters who said they could still change their mind currently favor Harris, 48% to 43%," Kimball added.
The poll found Harris to have a 53% favorable rating and 47% unfavorable rating. Trump holds a 49% favorable rating and a 51% unfavorable rating. While the favorable ratings are close, Harris had a higher percent of voters say they viewed her very favorable than Trump at 41.7% to 36.4% respectively. Trump had more voters say they had a very unfavorable rating of him at 45.7% compared to 41.6% for Harris.
The top three issues for voters were the economy (38%), immigration (16%) and threats to democracy (13%).
The poll was conducted from Oct. 14 through Oct. 16 as Harris continues<a href="https://www.benzinga.com/general/entertainment/24/10/41214476/will-kamala-harriss-media-blitz-including-60-minutes-and-call-her-daddy-improve-her-2024-el"> her media blitz </a>with appearances on podcasts, late night talk shows and other media networks.
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Why It's Important: While Harris maintains an overall lead in the 2024 election based on the Emerson College poll, her lead is shrinking.
A recent Emerson College poll of voters in seven key swing states showed a close race and an unfavorable outcome for Harris.
Here are the results, and the totals from&nbsp;<a href="https://www.benzinga.com/general/politics/24/09/40949853/harris-in-trouble-new-swing-state-poll-shows-trump-gains-ground-in-key-battleground-areas-for-20" target="_blank" rel="noreferrer noopener">the previous poll</a>&nbsp;in parentheses:
<ul>
<li>Arizona: Trump 49% (49%), Harris 47% (48%)</li>
<li>Georgia: Trump 49% (50%), Harris 48% (47%)</li>
<li>Michigan: Trump 49% (47%), Harris 49% (49%)</li>
<li>Nevada: Harris 48% (48%), Trump 47% (48%)</li>
<li>North Carolina: Trump 49% (48%), Harris 48% (49%)</li>
<li>Pennsylvania: Trump 49% (48%), Harris 48% (47%)</li>
<li>Wisconsin: Trump 49% (49%), Harris 49% (48%)</li>
</ul>
The polls show Trump leading in four of the seven states, Harris leading in one state and the two candidates tied in two states. The last Emerson College poll of the seven states had Trump leading in four states with Harris leading in two states. The August poll had each candidate leading three states.
In the latest poll, Trump gained support in three states, lost support in two states and saw the same support in two states. Harris gained support in three states, lost support in two states and saw the same support in two states.
&#8220;With just under four weeks to go, the race remains too close to call in key swing states, all within the margin of error,&#8221; Emerson College Polling executive director&nbsp;Spencer Kimball&nbsp;said.
The&nbsp;<a href="https://www.benzinga.com/topic/swing-states" target="_blank" rel="noreferrer noopener">seven swing states</a>&nbsp;in question together represent 93 electoral votes in the 2024 election. Six of the seven states above were won by Biden in the 2020 election with Trump winning North Carolina. Several of the states were flipped from Trump&#8217;s win in the 2016 election.
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Harris Clings To Narrow National Lead As Trump Gains Ground

The luxury market is at a critical turning point, with a clear divide emerging between legacy brands and aspirational players, according to Maurits Pot, <a href="https://www.benzinga.com/general/biotech/24/07/39656549/exclusive-glp-1-weight-loss-drugs-could-become-a-trillion-dollar-market-predicts-tema-etfs-ceo">CEO of Tema ETFs</a>.
In an exclusive interview with Benzinga, Pot emphasized that high-end brands like Hermès International SA (OTCPK: HESAY) and Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) — supported by loyal, affluent clients — are set to outperform, while more aspirational names such as LVMH-Moët Hennessy Louis Vuitton (OTCPK: LVMUY) and Burberry Group plc (OTCPK: BURBY) face greater vulnerability due to shifting consumer behavior and economic slowdowns in key markets like China and Europe.
&#8220;Luxury is going for a turnaround, and we're seeing a greater differentiation between true luxury and aspirational brands,&#8221; Pot said. 
With a number of companies underperforming — particularly LVMH, which recently reported disappointing results — Pot highlighted that these outcomes aren&#8217;t surprising given macroeconomic headwinds.
Pot stressed that investors should now focus on a clear divide between high-end brands and those catering to more discretionary spending.
<h3 class="wp-block-heading">China&#8217;s Stimulus Won't Save Luxury Outlook</h3>
When discussing the impact of Chinese fiscal stimulus, Pot expressed skepticism. He indicated that while there was initial excitement around potential boosts for the market, the real beneficiaries of government spending are likely to be industries more central to China&#8217;s economic priorities.
&#8220;I think the luxury sector got a premature boost from the China stimulus,&#8221; Pot said, &#8220;but ultimately not a boost that is really warranted.&#8221; 
He stressed that the Chinese government will likely prioritize domestic consumption over high-end international luxury, raising doubts about a meaningful rebound in Chinese-driven demand.
<h3 class="wp-block-heading">India: The Next Growth Driver For Luxury?</h3>
Another pressing topic was whether India could fill the gap left by slowing Chinese demand. Pot hinted that India's emerging middle class and growing economic power could be the next growth story.
&#8220;As China slows, does Indian luxury demand replace waning Chinese demand? That's a key question for 2025,&#8221; Pot added, pointing to India&#8217;s growing presence in the luxury space, with brands like Dior investing heavily in the market.
&#8220;2024 will likely be a tough year for the luxury sector,&#8221; Pot stated, &#8220;but I think there&#8217;s reason to believe that 2025 could look better, especially if India continues to emerge as a key luxury market,&#8221; he added.
<h3 class="wp-block-heading">Tariffs And The U.S. Election: Potential Impacts On Luxury</h3>
Looking ahead to the U.S. elections, Pot shared his thoughts on tariffs and their potential impact on luxury. While tariffs haven't directly targeted luxury goods yet, he noted the possibility of indirect consequences, especially for industrial goods like cars. 
&#8220;I think tariffs are going to focus on industrial output before consumer goods, but luxury could get caught up in it eventually,&#8221; he added.
<h3 class="wp-block-heading">Holding Cash For Dip-Buying Opportunities</h3>
Pot also shared insights into how Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) is positioned to weather the luxury sector shifts. 
&#8220;Nearly 20% of the portfolio is in cash,&#8221; he revealed, explaining that the fund remains cautious, particularly toward discretionary luxury, which has been hit harder than high-end, timeless brands like Ferrari, Hermès, and Compagnie Financiere Richemont SA (OTCPK: CFRUY). 
&#8220;We&#8217;re overweight on really high-end luxury, and underweight on more discretionary luxury,&#8221; he said.
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Autographs of Warren Buffett and Charlie Munger are among the most sought after by those in the financial community when it comes <a href="https://www.benzinga.com/topic/collectibles">to obtaining collectibles</a>.
A recent auction included a signature of both figures that topped estimates.
What Happened: Legendary investor Warren Buffett, also known as the Oracle of Omaha, has led conglomerate Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) for decades and turned the former textile company into one of the most <a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">valuable companies in the world</a>.
Followers of Buffett and investors in the conglomerate are passionate about the two leaders and often travel to Nebraska once a year for the annual shareholders meeting.
Fans also collect merchandise and memorabilia tied to the two legendary investors. Munger, who served as Vice Chairman of Berkshire Hathaway for many years before passing away at the age of 99 <a href="https://www.benzinga.com/news/23/11/35989969/charlie-munger-buffetts-trusted-partner-dies-at-99">in November 2023</a>.
RR Auction recently <a href="https://www.rrauction.com/auctions/lot-detail/349274407010183-warren-buffett-and-charlie-munger-signatures/">auctioned</a> off a business card with signatures from both Buffett and Munger.
"Ballpoint signature, ‘Warren E. Buffett,' on an off-white 3.75 x 2 sheet printed to resemble Buffett's personal calling card, which consists of information for Berkshire Hathaway headquarters in Omaha, Nebraska," the auction listing said.
The card's autographs are certified by PSA.
The address on the card is for Kiewit Plaza, which is now known as Blackstone Plaza. The 15-story building in Omaha, Nebraska has served as the headquarters for Berkshire Hathaway since 1962.
The auction sold for $15,115, significantly higher than an estimate of $1,500.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: With Munger passing away and Buffett turning 94 years old in August, autographs from each investor and duo autographs could get rarer and rarer. The autographs are likely to be collectors items for years given the strong connection to the investing community.
"Buffett signed, but feeling is there won't be enough for every business mind who wants him," Cllct founder Darren Rovell <a href="https://x.com/darrenrovell/status/1846751145533792650">tweeted</a>.
RR Auction <a href="https://www.rrauction.com/search/?str=warren+buffett&amp;flexdatalist-str=warren+buffett&amp;type=t&amp;status=closed&amp;navsearch=true">sold </a>several Buffett autographed items earlier this year, which also flew past estimates. The auction house sold a sheet with seven Buffett quotes signed by the legendary investor for $3,033, beating an estimate of $500. The auction house also sold a signed Alfalfa Club program for $1,411, beating a pre-auction estimate of $800.
For investors who can't buy a full Buffett autograph, there is fractional alternative investment site Rally, which <a href="https://www.benzinga.com/news/22/08/28355919/exclusive-how-you-can-own-a-piece-of-a-warren-buffett-autograph-an-increasingly-rare-asset">has a Buffett signature.</a>
Rally sold 5,000 shares at $3 each of a Buffett-signed 2000 Berkshire Hathaway annual shareholder meeting pamphlet.
"We've been looking for Warren Buffett assets and collectibles for some time," Rally co-founder and Chief Product Officer&nbsp;Rob Petrozzo&nbsp;told Benzinga when the company offered the shares in 2022.
Originally valued at $15,000, the item currently has shares <a href="https://app.rallyrd.com/app/assets/e2d46bd9-56c8-41b5-a056-380856b809d4/2aa8ee76-4935-42d7-a430-bd08ce90859f/view">valued </a>at $2.05 each, with a value of $10,250.
Petrozzo said the signature on the annual shareholders meeting item helps mark a "moment in time, something that he's known for" about Buffett.
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Warren Buffett and Charlie Munger-Signed Business Card Was Estimated At $1,500 — But It Sold For A Lot More

Before <a href="https://www.benzinga.com/topic/elon-musk">Elon Musk</a> became the billionaire CEO of Tesla and SpaceX, he was just a teenager trying to make ends meet in Canada. His ascent to the top wasn&#8217;t easy, nor was it particularly glamorous, as evident in Ashlee Vance&#8217;s book, Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future.&nbsp;
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At 17, Musk left his home in South Africa and headed to Canada, hoping to eventually make it to the United States. He obtained citizenship with the help of his mother, who was born in Canada, but in the interim, he had to accept whatever job he could find to make ends meet.
One of Musk&#8217;s first jobs was at his cousin&#8217;s farm in Saskatchewan, a small village with fewer than 300 people. He worked as a vegetable gardener and grain bin shoveler, not exactly the life of a tech startup founder you might expect from one of the most well-known businesspeople in the world. After that, Musk learned to cut logs with a chain saw in Vancouver, British Columbia.
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But Musk&#8217;s hardest job during his time in Canada was working in a lumber mill&#8217;s boiler room. After asking at the unemployment office which job paid the most, Musk took on a grueling gig that paid $18 an hour – good money for 1989, but at a steep cost.
The work was exhausting and dangerous, involving crawling through small tunnels wearing a hazmat suit to &#8220;shovel [sand and goop] through the same hole you came through.&#8221; The conditions were so tough that most workers didn&#8217;t last long. According to Musk, out of 30 people who started the job with him, only five were left by the third day. By the end of the week, just Musk and two others were still shoveling.
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&#8220;There is no escape,&#8221; Musk said in the biography. The job required him to crawl into a small space, shovel the hot residue through the same hole and hope the person on the other side managed to clear it out. It was physically demanding and the heat made it dangerous if anyone stayed too long inside.
After a few stints working odd jobs across Canada, Musk eventually enrolled at Queen&#8217;s University in Ontario and then transferred to the University of Pennsylvania in the United States. He earned degrees in physics and economics, but not without keeping his entrepreneurial spirit alive. To help pay for tuition, Musk hosted large, ticketed house parties, turning his college house into a nightclub on the weekends.
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Musk&#8217;s early years were full of tough work and key decisions to keep him on track. He even turned down a spot in Stanford&#8217;s graduate program to jump into the booming internet scene instead. He cofounded<a href="https://www.benzinga.com/news/24/05/38929147/5-money-mistakes-billionaire-elon-musk-made"> Zip2, which later sold for $300 million</a> and used the money to start X.com, which eventually became PayPal.&nbsp;
That <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday">sale to eBay for $1.5 billion</a> gave Musk the financial boost he needed to launch SpaceX and Tesla – ventures that would make him one of the richest people in the world.
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Elon Musk Spent His Teen Years Working Odd Jobs In Canada. For $18 An Hour, He'd Clean The Boiler Room With 'No Escape' In A Lumber Mill

DealMaker is a Toronto-based, e-commerce style digital platform that allows companies to raise capital online. Benzinga's Zunaid Suleman sat down with Dealmaker co-founder and CEO Rebecca Kacaba at the Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) HOOD Summit 2024 Friday to discuss what makes the <a href="https://www.benzinga.com/m-a/24/07/39736690/home-depot-boeing-among-big-name-corporates-feeding-global-m-a-activity-as-1-billion-plus-deals-retu">crowdfunding platform unique.</a> 
Digital Landscape: "Really savvy CEOs today know that their business is online. Regardless of what you do, it's a digital world," Kacaba said.&nbsp;
She described the team at DealMaker as "tech geeks" who are focused on reliable, streamlined technology that is efficient and works well. The CEO said the companies listed on DealMaker reflect Nasdaq-listed names, including technology-focused companies, robotics and real estate companies with some consumer-facing brands as well. 
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41410199/exclusive-robinhoods-steve-quirk-says-new-offerings-like-crypto-futures-bring-in-customers">EXCLUSIVE: Robinhood&#8217;s Steve Quirk Says New Offerings Like Crypto, Futures Bring In Customers, Bitcoin Is &#8216;No. 1&#8217; Most Traded Investment</a>
DealMaker boasts the lowest failed payment rate among its competitors, which the CEO attributed to the company's standard of rigorous diligence, which includes background checks on each company raising capital as well as on the individual investors. 
Kacaba said DealMaker keeps potential investors focused on each company's value proposition without distractions of the "next best thing." She revealed single investments on the platform have reached as high as $250,000 with the average single investment coming in at about $3,600. DealMaker's CEO also highlighted the platform's e-commerce format, which makes it easy and convenient for individuals to invest in companies before they go public. 
"Time kills all deals," Kacaba said.
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Image: Benzinga.

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CLOE Stock Earnings: Clover Leaf Capital Reported Results for Q1 2024

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CLOE Stock Earnings: Clover Leaf Capital Reported Results for Q2 2024

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Clover Leaf Capital Corp. Announces Effectiveness of Registration Statement and August 20, 2024 Special Meeting of Stockholders to Approve Proposed Business Combination with Kustom Entertainment, Inc.

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