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The past week was filled with exciting developments in the tech world, particularly in the realm of artificial intelligence (AI). From Elon Musk unveiling his ambitious AI plans to Mark Zuckerberg taking a swipe at Apple, and Taiwan announcing a massive economic reform, the week was anything but dull. Let&#8217;s dive into the details.
Musk&#8217;s AI Power Play 
Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), announced the timeline for the chatbot models of his AI company xAI. Musk revealed that Grok 2, one of the models, has completed its training and is currently in the bug-fixing stage, with an official release planned for next month. <a href="https://www.benzinga.com/news/24/07/39897590/elon-musk-says-grok-3-should-be-the-most-powerful-ai-upon-its-release-gives-timeline-for-xai-models">Read the full article here.</a>
xAI&#8217;s Supercluster Launch
Musk&#8217;s AI startup xAI, in collaboration with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), successfully initiated the training of the Memphis Supercluster, a powerful AI training cluster, with 100,000 Nvidia H100 GPUs. Musk took to Twitter to express his admiration for the teams involved in the launch. <a href="https://www.benzinga.com/news/24/07/39881748/elon-musks-xai-flips-the-switch-on-100k-nvidia-h100-gpus-worth-up-to-4b-in-memphis-supercluster-most">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/news/24/07/39901629/elon-musk-says-google-co-founder-and-one-of-his-best-friends-larry-page-thought-eventually-we-will-a?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Google Co-Founder And One Of His &#8216;Best Friends&#8217; Larry Page Thought Eventually We Will All &#8216;Upload Our Minds To The Computer&#8217;</a>
Zuckerberg&#8217;s Apple Critique 
Mark Zuckerberg, CEO of Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), criticized Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in an interview, expressing his desire to avoid Apple&#8217;s &#8220;soul-crushing&#8221; tactics by releasing the largest open-source AI model ever. <a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership">Read the full article here.</a>
Taiwan&#8217;s Economic Reform
Taiwan&#8217;s Premier Cho Jung-tai announced a sweeping economic and social reform plan, aiming to attract nearly $100 billion in investments. The reform plan focuses on energy, artificial intelligence, and infrastructure. <a href="https://www.benzinga.com/markets/asia/24/07/39950335/taiwan-unveils-100b-economic-reform-plan-after-trump-said-it-should-pay-us-for-defense-will-fuel-nvi">Read the full article here.</a>
Musk and Zuckerberg Agree
Musk publicly expressed his support for Zuckerberg&#8217;s views on the ongoing debate over open-source versus closed-source AI models. This came after a user on X, formerly Twitter, shared a comment from Meta CEO's blog post criticizing closed model providers for lobbying against open source. <a href="https://www.benzinga.com/news/24/07/39925842/elon-musk-agrees-with-arch-rival-mark-zuckerberg-after-meta-ceo-slams-closed-providers-like-openai-f">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/23/04/31876729/elon-musk-proposes-plan-to-neutralize-rogue-ai-heres-what-he-told-tucker-carlson?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Proposes Plan To Neutralize Rogue AI</a></li>
</ul>
Photo by Andrea De Santis on Unsplash
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>

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Elon Musk's AI Ambitions, Mark Zuckerberg's Apple Critique, And Taiwan's $100B Economic Reform: This Week In AI

Thousands of athletes around the world will compete for medals at the<a href="https://www.benzinga.com/topic/olympics"> 2024 Summer Olympics. </a>
Winning an Olympic medal can be a valuable experience for athletes as they can earn new endorsements and sponsorships based on their success. 
Some countries also pay athletes for winning medals during the Olympic Games. Olympic winners also receive a medal that has valuable metal material in it and has resale value years down the road.
Olympic Medal Payouts:&nbsp;The USA is <a href="https://www.benzinga.com/general/sports-betting/24/07/39989579/6-stocks-going-for-gold-during-2024-summer-olympics-biggest-event-in-company-history">favored to win </a>the most overall medals and gold medals at the 2024 Summer Olympics. The country has won the most medals at several recent consecutive Summer Olympics and has won the most gold medals in the past three Summer Olympics. 
Running July 26 through Aug. 11, coverage of the 2024 Summer Olympics will be done by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) in the United States across various channels and the Peacock streaming platform.
U.S. athletes that win 2024 Olympic medals are paid&nbsp;$37,500 for golds, $22,500 for silver and $15,000 for bronze, according to USA Today. 
Other countries like Malaysia, Morocco and Serbia pay $200,000 to their athletes for a gold medal win. At least nine countries pay $100,000 or more for each gold medal won to their athletes, USA Today reported. 
U.S. athletes that earn more than $1 million annually get the amounts they&#8217;re paid for winning medals taxed. Michael Phelps paid around $55,000 in taxes from his 2016 Olympic medal-winning payouts, according to<a href="https://twitter.com/JoePompliano/status/1418654958434594817" target="_blank" rel="noreferrer noopener">&nbsp;Joe Pompliano</a>.
Read Also: <a href="https://www.benzinga.com/general/sports-betting/24/07/39989579/6-stocks-going-for-gold-during-2024-summer-olympics-biggest-event-in-company-history">6 Stocks Going For Gold During 2024 Summer Olympics: &#8216;Biggest Event&#8217; in Company History</a>
Olympic Medal Value:&nbsp;The 2024 medals will be different from other games and <a href="https://www.nbcolympics.com/news/paris-olympic-medalists-take-home-actual-piece-eiffel-tower">contain </a>iron from the legendary Eiffel Tower that was removed during a previous renovation. 
Here are the current <a href="https://www.dailymetalprice.com/metalprices.php?c=fe&amp;u=kg&amp;d=1">values </a>of the metals inside the medals at the time of writing and their components:
<ul>
<li>Gold medal contains 505 grams of silver, 6 grams of gold and 18 grams of iron: $909.17</li>
<li>Silver medal contains 507 grams of silver and 18 grams of iron: $451.23 </li>
<li>Bronze medal contains 415.15 grams of copper, 21.85 grams of zinc and 18 grams of iron: $3.81 </li>
</ul>
The totals don&#8217;t count the historic value of the pieces from the Eiffel Tower. 
Of course, Olympic medals can be quite valuable later in resale at auction depending on the sport, athlete and year of the games.
Typical medal resale values&nbsp;<a href="https://www.usatoday.com/story/sports/olympics/2014/09/16/olympic-medals-auction-collectors/15736857/" target="_blank" rel="noreferrer noopener">are&nbsp;</a>$5,000 to $6,000 for bronze, $8,000 for silver and $10,000 for gold.
A Jesse Owens 1936 gold medal sold for $1.47 million in 2017 to billionaire Ron Burkle. Two &#8220;Miracle on Ice&#8221; 1980 gold medals sold for $310,700 and $262,900.
Before 1960, Olympic medals weren&#8217;t&nbsp;engraved for the sport or event, making them harder to track to a specific event or athlete.
An 1896 first place medal from the first modern Olympic Games <a href="https://apnews.com/article/2020-tokyo-olympics-lifestyle-sports-europe-sweden-olympic-team-81b60c74804c38f10956fe754bb531d8" target="_blank" rel="noreferrer noopener">sold </a>for $180,000 previously. The first Olympics featured only 250 athletes and awarded silver medals for first place, bronze for second and no third place medal.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/07/39973454/do-summer-olympics-and-gold-medals-matter-to-the-stock-market-the-results-may-surprise-you">Do Summer Olympics (And Gold Medals) Matter To The Stock Market? The Results May Surprise You</a></li>
</ul>
This article was previously published by Benzinga and has been updated.
Photo: Adwo/Shutterstock.com

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How Much Are Physical 2024 Olympic Gold Medal, Silver Medal And Bronze Medals Worth? The Answer Might Surprise You

The week was a whirlwind of cryptocurrency news, with big names like Elon Musk and Vice President Kamala Harris making headlines.
From Musk&#8217;s profile picture causing a meme coin surge to Harris&#8217; team seeking crypto advice from Mark Cuban, the crypto world was buzzing with activity. Here&#8217;s a quick recap of the top stories.
Musk&#8217;s Meme Coin Magic
A simple change in profile picture by the Tesla CEO led to a massive surge in the value of Dark Maga (CRYPTO: DMAGA), a politics-themed meme coin. The coin, featuring Donald Trump with laser eyes, saw a 4,300% increase in value within 24 hours of Musk&#8217;s profile picture change.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39891699/elon-musk-puts-on-dark-maga-laser-eyes-turning-5k-into-1-8m-for-one-lucky-trader">Read the full article here.</a>
Harris&#8217; Crypto Consultation
Vice President Harris&#8217; advisors have reportedly been in discussions with billionaire and crypto enthusiast, Mark Cuban. This suggests a potential shift in the Democratic Party's perspective on digital assets, especially as Harris&#8217; presidential campaign is underway.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39916724/vice-president-kamala-harris-team-contacted-mark-cuban-on-crypto-policy">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39955624/is-dogecoin-really-moving-according-to-plan-prominent-analyst-claims-i-havent-sold-one-sin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Is Dogecoin Really Moving &#8216;According To Plan?&#8217; Prominent Analyst Claims: &#8216;I Haven&#8217;t Sold One Single DOGE, I&#8217;ve Just Been Buying&#8217;</a>
Lummis&#8217; Bitcoin Battle
Senator Cynthia Lummis (R-Wyo.) criticized the Joe Biden administration&#8217;s proposal to impose a 30% tax on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining operations, calling it a &#8220;blatant attack&#8221; on innovation and American excellence. She outlined the potential adverse effects of such a tax in an &#8220;orange paper.&#8221;
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39923307/senator-cynthia-lummis-slams-biden-administrations-dangerous-scheme-to-impose-30-tax-on-bi">Read the full article here.</a>
Harris&#8217; Bitcoin Conference Snub
Vice President Harris will not be attending the upcoming Bitcoin 2024 conference, according to David Bailey, CEO of BTC Inc. This decision has sparked controversy within the cryptocurrency community, highlighting the complex relationship between the current administration and the digital asset industry.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39938175/vice-president-harris-snubs-bitcoin-conference-would-have-been-a-disaster-for-her-shrugs-o">Read the full article here.</a>
Schiff&#8217;s Bitcoin Blast
Economist Peter Schiff criticized Bitcoin investors' expectations from Trump, of the cryptocurrency being designated as a strategic reserve asset, likening it to political vote-buying tactics. He equated this to President Biden's promise to forgive student loans to win votes.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948158/peter-schiff-compares-hopes-that-trump-declares-bitcoin-as-treasury-reserves-with-bidens-s">Read the full article here.</a>
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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>
Image via Shutterstock

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Cynthia Lummis Slams Biden's 30% Bitcoin Mining Tax Proposal, Vice President Kamala Harris Snubs Bitcoin Conference And More: Top Crypto Updates This Week

Mary Trump says her uncle Donald Trump is &#8220;scared&#8221; to face Kamala Harris for the presidency because he is &#8220;afraid of getting beaten by a girl.&#8221;
What Happened: Mary Trump made the comments in a <a href="https://www.youtube.com/watch?v=r8ajvqjQsyo">YouTube video</a> on Friday. In a separate Substack <a href="https://www.marytrump.org/p/donald-is-terrified-of-his-new-competition">post</a> published Wednesday, she said her uncle hates women, especially strong women and minorities. That&#8217;s why Harris &#8220;terrifies him to the point of incoherence,&#8221; she said. 
&#8220;Faced with the reality that he is now running against a vibrant, intelligent, experienced woman who is fully two decades younger than he is, Donald spent Sunday and Monday flailing, trying to find an angle of attack that would stick,&#8221; she added.
Referring to Tesla CEO Elon Musk changing his mind about pledging $45 million a month to Donald Trump&#8217;s campaign, the psychologist and podcaster said, &#8220;Donald and his sycophants, enablers, and backers are scared.&#8221; 
She said that Musk&#8217;s backtracking may have to do with the fact that &#8220;he just doesn't feel like setting that much money on fire in service to a losing candidate.&#8221;
The whole Republican campaign had, up until now, focused on President Joe Biden&#8217;s age and fitness and to the &#8220;attacks the Republican-controlled House of Representatives have launched on his family,&#8221; Mary Trump said. &#8220;Now, they have to start over and come up with a new strategy that somehow makes Donald, the oldest presidential candidate in American history, seem a reasonable alternative to Harris.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/07/39950334/anthony-scaramucci-flags-demographic-data-causing-jitters-in-trumps-campaign-calls-harris-a-competen">Anthony Scaramucci Flags Demographic Data Causing Jitters In Trump&#8217;s Campaign, Calls Harris A &#8216;Competent Steward Of The American Century&#8217;</a>
Why It&#8217;s Important: Polls conducted since Biden quit the race have shown that Harris is faring better than Biden against Trump. Some of the polls show a neck-in-neck race.
A recent CNN poll found that half of those who backed Harris said <a href="https://www.benzinga.com/news/24/07/39957078/trump-vs-harris-new-poll-shows-close-race-but-vice-president-could-benefit-from-dramatic-shifts-amon">their vote was in support of her rather than a vote against Trump</a>. By contrast, a June poll found that just 37% of Biden supporters said their vote was mainly to express support for Biden rather than to oppose Trump.
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Photo: Shutterstock

Trump's Niece Says Ex-President 'Scared' To Face Harris: 'He Is Now Running Against A Vibrant, Intelligent, Experienced Woman'

A poll this week reveals a tight race for the presidency between Vice President Kamala Harris and former President Donald Trump. This comes in the wake of President <a href="https://www.benzinga.com/news/24/06/39565763/as-trump-prepares-for-comeback-latest-pew-poll-reveals-which-presidential-candidate-rest-of-world-pr">Joe Biden&#8216;s decision to step out of the race.</a>
What Happened: The poll shows that Democrats are rallying behind Harris as the presumptive nominee, with 70% of Democratic voters expressing their preference for her. 
The <a href="https://www.nytimes.com/interactive/2024/07/25/us/elections/times-siena-poll-toplines.html">poll</a>, conducted by The New York Times/Siena College, reveals a narrow lead for Trump over Harris among likely voters, 48% to 47%, a significant improvement for Democrats compared to a poll in early July.
Trump&#8217;s favorability rating soared to its peak in a national New York Times survey, following an assassination attempt less than two weeks ago. Harris, however, is gaining momentum among younger and nonwhite voters, demographics that Biden had difficulty attracting.
The poll also shows Harris with a favorable rating of 46%, higher than Biden&#8217;s but still trailing Trump&#8217;s 48%. The views of Trump, Biden, and Harris are sharply divided along gender lines.
Also Read: <a href="https://www.benzinga.com/news/24/07/39657200/ex-trump-staffer-shares-texts-to-prove-that-ex-presidents-campaign-settled-to-keep-discrimination-an">Ex-Trump Staffer Shares Texts To Prove That Ex-President&#8217;s Campaign Settled To Keep Discrimination And Sexual Harassment Lawsuits Quiet</a>
As the race intensifies, Harris faces challenges. She is the sitting vice president during a time when 75% of voters rate the nation&#8217;s economic conditions as &#8220;fair&#8221; or &#8220;poor.&#8221;
More voters perceive Trump as a strong leader than those who view Harris in the same light.
According to the poll, independent candidate Robert F. Kennedy Jr.'s share of the vote continues to drop, hitting just 5 percent of likely voters in the new survey.
Why It Matters: The poll offers a glimpse into the presidential race during one of the most turbulent and unpredictable periods in contemporary American history. 
With the Democratic Party rallying behind Harris, the 2024 election is shaping up to be a fiercely contested battle.
Read Next: 
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<li><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" target="_blank" rel="noreferrer noopener">Following Debate, Latest Poll Among Democrats Signals Major Trouble For Joe Biden — Although There's One Silver Lining</a></li>
</ul>
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

Trump Vs. Harris: Latest Survey Indicates Positive Signs For This Candidate

Former First Lady <a href="https://www.benzinga.com/topic/melania-trump" target="_blank" rel="noreferrer noopener">Melania Trump</a> has announced that her memoir &#8220;Melania&#8221; <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">will be published this fall</a>.
The book will reportedly feature personal anecdotes and family photos that have never before been shared with the public.
&#8220;&#8216;Melania&#8217;&nbsp;is a powerful and inspiring story of a woman who has carved her own path, overcome adversity and defined personal excellence. The former First Lady invites readers into her world, offering an intimate portrait of a woman who has lived an extraordinary life,&#8221; according to a press release issued by her office.
Also Read: <a href="https://www.benzinga.com/news/24/05/38630905/did-donald-trump-deny-stormy-daniels-affair-to-shield-wife-and-firmelania-from-scandal-former-top-ai" target="_blank" rel="noreferrer noopener">Did Donald Trump Deny Stormy Daniels Affair To Shield Wife Melania From Scandal? Former Top Aide Testifies In Hush-Money Trial</a>
Melania Trump has remained largely out of the spotlight while her husband, former President Donald Trump, campaigns for a return to the White House. She has been an enigmatic presence since the launch of his first presidential campaign in 2015.
Throughout her tenure as first lady, she prioritized privacy, focusing on raising their son Barron Trump and championing her &#8220;Be Best&#8221; initiative to support children&#8217;s social, emotional, and physical well-being, <a href="https://www.theguardian.com/books/article/2024/jul/26/melania-trump-memoir" target="_blank" rel="noreferrer noopener">reported</a> The Guardian.
Though she attended her husband&#8217;s 2024 campaign launch and the closing night of last week&#8217;s Republican National Convention, Melania Trump has otherwise mostly avoided the campaign trail.
Notably, she did not deliver a speech at this year&#8217;s convention, breaking with the tradition followed at the 2016 and 2020 Republican gatherings, The Guardian added.
The Memoir Edition of &#8220;Melania&#8221; is a 304-page jacketed hardcover book that includes 48 pages of never-before-seen photographs. It will be available for $40, with signed copies available for $75.
Skyhorse Publishing will release the book. Skyhorse is known for publishing other works by Trump supporters, including former New York City Mayor Rudolph Giuliani and attorney Alan Dershowitz.
Skyhorse has also collaborated with independent candidate Robert F. Kennedy Jr. and former Trump insider Michael Cohen, who later became a prominent critic.
Additionally, some Skyhorse books feature forewords by Trump ally Steve Bannon, The Guardian added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Melania Trump's New Memoir Promises Unseen Photos And Revelations Before Election

Former President Donald Trump sparked controversy with a statement made at a Florida event on Friday. He suggested that if he were to win the upcoming election, there would be no <a href="https://www.benzinga.com/news/24/07/39657200/ex-trump-staffer-shares-texts-to-prove-that-ex-presidents-campaign-settled-to-keep-discrimination-an">need for people to vote in the future.</a>
What Happened: Trump made this remark while addressing an audience at a Turning Point Action event in West Palm Beach. He urged the crowd, particularly Christians, to participate in the upcoming election in November, and said that they wouldn't have to do it again if they elected him because "everything" would be "fixed."
Trump, who previously challenged the 2020 election results, has faced accusations of authoritarian behavior. In response to these allegations, he has stated that he would not be a dictator &#8220;except for day one&#8221; of his potential second term.
"You won't have to do it anymore. Four more years, you know what, it will be fixed, it will be fine, you won't have to vote anymore, my beautiful Christians,&#8221; he said <a href="https://thehill.com/homenews/campaign/4795823-trump-encourages-christians-vote/">at </a>the rally.
"I love you Christians. I'm a Christian. I love you, get out, you gotta get out and vote. In four years, you don't have to vote again, we'll have it fixed so good you're not going to have to vote," Trump said.
Also Read: <a href="https://www.benzinga.com/news/24/07/39761289/trumps-niece-accuses-him-of-lying-about-involvement-in-controversial-project-2025-my-uncle-likes-to">Trump&#8217;s Niece Accuses Him Of Lying About Involvement In Controversial Project 2025: &#8216;My Uncle Likes To Call America a &#8216;Stupid Country.&#8217; But We&#8217;re Not Nearly As Stupid As He Hopes We Are &#8230;&#8217;</a>
In 2022, Trump reiterated his unfounded claim that the results of the 2020 election were manipulated against him. He also advocated for the &#8220;termination&#8221; of the Constitution, arguing that a &#8220;massive fraud&#8221; of the magnitude of the election justifies the abolition of all rules, regulations, and articles, including those in the Constitution.
Trump is expected to run against Vice President Kamala Harris in the November election. During the same event, he questioned how Catholics and Jewish voters could support Democrats.
Why It Matters: Trump&#8217;s recent comments have raised eyebrows and sparked debate. His controversial remarks about voting and the Constitution have been met with criticism, with some seeing them as an attack on democratic principles. 
These statements also add to the ongoing debate about Trump&#8217;s political intentions and his potential candidacy in the upcoming election. 
The reactions to these comments will likely continue to shape the political landscape as the election approaches.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39657200/ex-trump-staffer-shares-texts-to-prove-that-ex-presidents-campaign-settled-to-keep-discrimination-an" target="_blank" rel="noreferrer noopener">Ex-Trump Staffer Shares Texts To Prove That Ex-President's Campaign Settled To Keep Discrimination And Sexual Harassment Lawsuits Quiet</a></li>
</ul>
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

Trump Raises Eyebrows With Controversial Remark At Florida Event: 'In Four Years, You Don't Have To Vote Again'

<a href="https://www.benzinga.com/personal-finance/24/07/39892524/caller-on-podcast-asks-about-high-yield-account-that-will-be-returned-at-maturity-suze-orman-say">Suze Orman</a>, renowned for giving financial advice on her "Women &amp; Money" podcast, recently advised a woman looking to open brokerage accounts for her four grandchildren, aged 7, 5, 2, and two months. Now retired with her husband, Cheryl wants to help her grandchildren secure their financial futures instead of "wasting money on junk." Orman, however, expressed that a brokerage account was the wrong way to go and offered an alternative suggestion.&nbsp;
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First, Orman explained how <a href="https://www.benzinga.com/money/utma-vs-ugma">Uniform Gifts to Minors Act (UGMA)</a> brokerage accounts work. "If you open up a Uniform Gifts to Minors Act account or Uniform Trust to Minors Act (UTMA) account, that&#8217;s money that is theirs," Orman stated. "And once they turn of age, they can do anything they want with this money."
According to Fidelity, the custodian of a UGMA or UTMA account must transfer the account to the child it was set up for at a young age – usually between 18 and 25. At that point, that child can use the money for any purpose.&nbsp;
Orman also highlighted that these accounts can negatively impact financial aid eligibility, complicating future educational opportunities for the children should they seek higher education.&nbsp;
See Also: How much money will a $200,000 annuity pay out each month?<a href="https://www.benzinga.com/money/200k-annuities-adv"> The numbers may shock you.</a>
Instead of UGMA or UTMA accounts, Orman recommended an approach where Cheryl would have more control over the money. "I would open up a side account and keep it in your name, knowing that money is for those kids. I would then create a trust where there are instructions on when those kids can get the money."
Orman's reasoning behind this, beyond financial aid impacts, is that you don't know what those children are going to do with the money when they get older, stating that they could develop a drug problem or make a large purchase they shouldn't make. If Cheryl wishes to provide a secure financial future for her grandchildren, Orman says that she should have more control over that money to ensure it goes toward her intended purpose.&nbsp;
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Some people may want to save for their children&#8217;s or grandchildren's education, so Orman suggests setting up a <a href="https://www.benzinga.com/money/best-529-plans">529 account</a>. Unlike a UGMA, the original owner of a 529 account maintains ownership until the money is withdrawn, which can help ensure it goes toward its intended use.&nbsp;
While Orman suggests that a trust or 529 account is a better option for those wanting to maintain control of the money, setting up a UGMA account for your child or grandchild isn't bad. It can be a wonderful gift to help them get the financial start they need in young adulthood. It can even help them learn the importance of investing and financial responsibility from a young age.
If you're ready to take that step and start setting aside money for your children or grandchildren, consider talking to a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a> or tax consultant. They can answer your questions and help determine the best route based on your unique situation.&nbsp;
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Suze Orman Advises Against Opening Brokerage Accounts for Kids or Grandkids. Here's What She Suggests Instead

The future of Elon Musk&#8216;s business endeavors, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), SpaceX, and X (formerly Twitter), could rest on the <a href="https://www.benzinga.com/news/24/07/39900117/elon-musk-denies-45m-monthly-donation-to-trump-clarifies-true-purpose-of-the-america-pac-in-intervie">outcome of the 2024 presidential election.</a> 
What Happened: A Business Insider report <a href="https://www.businessinsider.com/elon-musk-benefit-trump-presidency-regulatory-changes-tesla-spacex-x-2024-7">suggests</a> that a potential Donald Trump presidency could bring regulatory changes that would benefit Musk&#8217;s companies.
Musk has shown support for the former president&#8217;s 2024 campaign, adding recently that he established a political action committee endorsing &#8220;a meritocracy &amp; individual freedom,&#8221; values he now associates with the Republican party, reports the outlet.
&#8220;You can think of Musk&#8217;s contribution as an investment to eliminate any governmental interference with his businesses,&#8221; Michael Gerhardt, an administrative law expert at the University of North Carolina, told Business Insider.
Trump&#8217;s proposed plans to lower corporate and personal taxes, along with his control over federal regulations, could be beneficial for Musk. 
As president, Trump could sign executive orders and make hiring decisions that could alter the course of federal agencies, possibly putting an end to ongoing investigations and lawsuits against Musk&#8217;s companies.
Also Read: <a href="https://www.benzinga.com/news/24/07/39872015/teslas-elon-musk-recently-pledged-a-huge-donation-to-donald-trump-and-the-ex-president-returned-the">Tesla&#8217;s Elon Musk Recently Pledged A Huge Donation To Donald Trump, And The Ex-President Returned The Favor By Criticizing EVs At The RNC</a>
However, certain agencies like the Securities and Exchange Commission, which has conducted several investigations into Musk&#8217;s companies, have statutory independence from the executive branch.
But, if Trump becomes president and Republicans control Congress, they could pass laws granting the president more authority over these agencies.
&#8220;If Trump were in the White House, he would control the EPA, the head of the EPA, and they could also amend those regulations to make the permitting for Clean Water Act requirements easier,&#8221; Jillian Blanchard, an environmental lawyer at Lawyers for Good Government, said. &#8220;Same is true for the Endangered Species Act right now.&#8221;
Why It Matters:&nbsp;Regulatory changes under a potential Trump presidency could significantly ease the pressure on Musk&#8217;s companies. 
The proposed reduction in corporate and personal taxes could boost the financial performance of these businesses. 
Furthermore, the potential for executive orders and hiring decisions that could&nbsp;change the direction of federal agencies could end ongoing investigations and lawsuits, providing a more conducive environment for Musk&#8217;s companies to thrive.
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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.
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Former President Donald Trump forecasted a significant conflict in the Middle East, which could potentially escalate into a &#8220;third world war,&#8221; should he not succeed in the <a href="https://www.benzinga.com/news/24/07/39657063/trump-gives-unexpected-advice-to-biden-following-disappointing-debate-crooked-joe-biden-should">forthcoming November election.</a>
What Happened: Trump made the comments during a meeting with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago estate in Florida on Friday.
The meeting took place a day following Netanyahu&#8217;s discussions with President Joe Biden and Vice President Kamala Harris at the White House, as per the report <a href="https://thehill.com/homenews/campaign/4794793-trump-netanyahu-world-war-november-mar-a-lago-harris-biden/">by</a> The Hill.
&#8220;If we win, it&#8217;ll be very simple. It&#8217;s all going to work out and very quickly. If we don&#8217;t, you&#8217;re going to end up with major wars in the Middle East and maybe a third world war,&#8221; Trump said. 
He further lambasted the current administration, asserting that the world is nearer to a third world war than at any point since the second world war due to &#8220;incompetent people running our country,&#8221; 
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The former president has in the past cautioned about a potential world war due to conflicts in the Middle East and Russia&#8217;s invasion of Ukraine. He has also issued grave forecasts about the stock market plummeting if he does not retake the White House.
Trump&#8217;s meeting with Netanyahu occurred amidst a turbulent presidential campaign, following Biden&#8217;s declaration that he will not run for reelection and his endorsement of Harris as the Democratic nominee.
Why It Matters: Trump&#8217;s predictions of a potential global conflict are significant, given the current geopolitical tensions. His comments come at a time when the world is grappling with conflicts in the Middle East and Russia&#8217;s invasion of Ukraine. 
These remarks also underscore the high stakes of the upcoming November election, not just for the United States, but potentially for global peace and stability.
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Donald Trump Issues Grim Warning To Prime Minister Benjamin Netanyahu If He Doesn't Win Election: 'You're Going To End Up With ... Maybe A Third World War'

A recent poll reveals that Americans&#8217; readiness for a female <a href="https://www.benzinga.com/news/24/07/39874401/betting-markets-favor-kamala-harris-as-top-democratic-presidential-contender">president has seen a significant drop. </a>
What Happened: The Times/SAY24 poll was carried out in the wake of President Joe Biden&#8216;s withdrawal from the race and aimed to measure the electorate&#8217;s stance on &#8220;gender bias&#8221; and Vice President Kamala Harris&#8216;s chances in the upcoming November elections.
<a href="https://d3nkl3psvxxpe9.cloudfront.net/documents/Times_SAY24_20240723.pdf">Poll</a> results have show a 9-point drop in support for a female president since 2015. While 49% of the respondents see Trump and Harris as equally competent for the presidency, the concept of a female president seems to be met with hesitation.
The readiness for a female president fell to 54% from the 63% noted in a 2015 Economist/YouGov poll. This drop raises questions about potential gender bias as Harris aims to become the second woman to secure a major party&#8217;s presidential nomination.
Among Democrats, 77% believe the country is ready for a female president, but 37% suspect their fellow Americans would not vote for a woman over a man, even if equally qualified. This apprehension could be the reason why 35% of Democrats believe that Harris should choose a male running mate.
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The poll, which was conducted on Tuesday and Wednesday, surveyed 1,170 registered U.S. voters and had a margin of error of 3 percent.
Why It Matters: The decline in support for a female president is a significant development in the current political landscape. It suggests a potential gender bias that could impact the upcoming elections, particularly for Harris, who is vying for the presidential nomination.
The poll results also indicate a divide within the Democratic party, with a portion of the party suggesting that Harris should choose a male running mate. 
This development could have critical implications for the party&#8217;s strategy in the upcoming elections. The poll&#8217;s findings underscore the importance of addressing gender bias in politics and the need for ongoing dialogue and education on this issue.
As the country prepares for the November elections, these results could play a pivotal role in shaping the political discourse and strategies of the candidates.
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Survey Reveals How Americans Feel About A Potential Female President —  And What It Means For Kamala Harris

Former President <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a> intensified his criticism of Vice President <a href="https://www.benzinga.com/topic/kamala-harris" target="_blank" rel="noreferrer noopener">Kamala Harris</a> on Friday in a speech at the Turning Point USA Believers' Summit in West Palm Beach, Florida, calling her a &#8220;bum&#8221; and accusing her of pushing left-wing values on the nation.
Trump portrayed Harris as excessively liberal on issues like immigration and abortion during a speech to religious conservatives, <a href="https://www.washingtonpost.com/politics/2024/07/26/trump-turning-point-speech-vance/" target="_blank" rel="noreferrer noopener">reported</a> The Washington Post.
&#8220;She was a bum three weeks ago,&#8221; Trump said. &#8220;She was a bum, a failed vice president.&#8221;
Trump and other Republicans have frequently targeted Harris on immigration, labeling her as President Joe Biden&#8216;s &#8220;border czar.&#8221; Though Biden tasked Harris with negotiating with three Central American countries to tackle the root causes of migration, he never appointed her to oversee overall border policy.
Also Read: <a href="https://www.benzinga.com/general/politics/24/07/39992709/kamala-harris-will-certify-2024-election-results-shes-not-going-to-burn-the-system-down-in-order" target="_blank" rel="noreferrer noopener">Kamala Harris Will Certify 2024 Election Results: &#8216;She&#8217;s Not Going To Burn The System Down In Order To Save It&#8217;</a>
Earlier Friday, in a meeting with Israeli Prime Minister Benjamin Netanyahu, Trump called Harris a &#8220;radical left person&#8221; who &#8220;destroyed San Francisco,&#8221; The Washington Post added.
In his remarks at the summit, Trump made an effort to position Harris as further to the left than Biden, <a href="https://www.nytimes.com/2024/07/26/us/politics/trump-harris-turning-point-action.html" target="_blank" rel="noreferrer noopener">reported</a> The New York Times. He claimed that Harris would appoint &#8220;hard-core Marxists&#8221; to a broadened Supreme Court, aiming to &#8220;to shred our Constitution and all of our religious liberty.&#8221;
Trump also targeted her stance on abortion rights, a contentious issue for Republicans since the Supreme Court&#8217;s 2022 decision to overturn Roe v. Wade.
Trump additionally accused Harris of betraying Israel by not condemning &#8220;anti-Israel&#8221; protests. As he reaffirmed his support for Israel and its military actions in Gaza, Trump alleged that Harris, despite her Jewish husband, &#8220;doesn&#8217;t like Jewish people&#8221; or &#8220;Israel.&#8221;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Trump Slams Harris For Pushing Left-Wing Values: 'She Was A Bum Three Weeks Ago ... A Failed Vice President'

Walkable cities are more than a great place to spend a summer night. They&#8217;re also practical, connecting communities and making it easy for residents to get what they need without taking public transport or getting in a car. They also promote health and improve sustainability.
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New York City is the epitome of a walkable city. But with a <a href="https://www.benzinga.com/real-estate/24/07/39646579/buyers-market-is-emerging-as-homes-sell-below-list-price-for-first-time-since-pandemic">median home list</a> price of $1.65 million, it&#8217;s out of reach for most Americans. That&#8217;s true of most walkable cities. Cambridge, MA, known for its walkability, has an average list price of $1.4 million, while West Hollywood has walking-friendly streets but comes with comparable home prices.&nbsp;
Before giving up your big-city dreams, consider this: There are cities or neighborhoods with a high walkability score and <a href="https://www.benzinga.com/real-estate/24/05/38991104/home-prices-in-opportunity-zones-are-a-mixed-bag-but-follow-national-trends">home prices below the national average</a>. These areas of the country can make homeownership, connecting with the community, and creating an eco-friendly lifestyle easier.
When details from Local Logic, a data clearinghouse for neighborhood analytics, combined with property listing data from Realtor.com, areas with median list prices under $445,000 or at less than $233 per square foot showed that there are still great places to live – that are easier to afford, not all are cities, but that makes it better for everyone to find the right fit.&nbsp;
<hr class="wp-block-separator has-alpha-channel-opacity" />
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Here&#8217;s an overview of the top 10, organized from the lowest median listing price:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>City</td>
<td>Population</td>
<td>Median List Price</td>
</tr>
<tr>
<td>Hamtramck, MI</td>
<td>27,842</td>
<td>$162,500</td>
</tr>
<tr>
<td>Baltimore, MD</td>
<td>570,000</td>
<td>$224,900</td>
</tr>
<tr>
<td>Hartford, CT</td>
<td>120,682</td>
<td>$249,900</td>
</tr>
<tr>
<td>Gretna, LA</td>
<td>17,640</td>
<td>$284,900</td>
</tr>
<tr>
<td>Philadelphia, PA</td>
<td>1.6 million</td>
<td>$289,000</td>
</tr>
<tr>
<td>Mount Vernon, NY</td>
<td>72,000</td>
<td>$329,000</td>
</tr>
<tr>
<td>Wilmington, DE</td>
<td>71,568</td>
<td>$329,900</td>
</tr>
<tr>
<td>Berwyn, IL</td>
<td>57,000</td>
<td>$350,000</td>
</tr>
<tr>
<td>Wauwatosa, WI</td>
<td>47,919</td>
<td>$392,450</td>
</tr>
<tr>
<td>East Orange, NJ</td>
<td>68,000</td>
<td>$421,000</td>
</tr>
</tbody>
</table>
</figure>
Let&#8217;s focus on the cheapest three:
<h2 class="wp-block-heading">Hamtramck, MI</h2>
Hamtramck, MI, has it all if you love a small-town vibe within a big city. It is one of two small municipalities that form an island within Detroit. Hamtramck is five miles north of downtown Detroit. The walkable community includes predominantly Middle Eastern, family-oriented neighborhoods, with many branches of a family living within walking distance of each other.&nbsp;
With an abundance of Mediterranean or Middle Eastern shops and restaurants, it&#8217;s easy to eat well and access a variety of cultural influences. While Detroit doesn&#8217;t have the best reputation, you don&#8217;t usually see abandoned homes in Hamtramck.
See Also: Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a>
<h2 class="wp-block-heading">Baltimore, MD</h2>
Baltimore is known for historic districts like Fells Point, waterfront walkways in the Inner Harbor, and Pigtown, home of the Orioles&#8217; Camden Yards. The city also has multiple green spaces and parks that encourage residents to get outside.&nbsp;
Baltimore has surprisingly low home prices for a bigger city and is within easy transportation distance of Washington, DC. Baltimore&#8217;s wide diversity of neighborhoods means there&#8217;s a huge variation in home prices. However, with some research, your dollars can go farther here than in most other East Coast cities.
<h2 class="wp-block-heading">Hartford, CT</h2>
Hartford is the state capital and an affordable, walkable city filled with parks, shops, and a great restaurant scene. It boasts historic districts and attractions, plus a dense core ensures most amenities are within walking distance. It&#8217;s also a reasonable drive into NYC, Boston, or other major East Coast cities, making it a base for hybrid or remote workers.&nbsp;
Ready to buy? With mortgage rates hitting their lowest since February, learn how to secure a mortgage today!
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Republican vice-presidential nominee Sen. <a href="https://www.benzinga.com/general/politics/24/07/39873381/trump-vp-pick-j-d-vance-worth-watching-for-potential-google-breakup-market-strategist-says-not-a" target="_blank" rel="noreferrer noopener">JD Vance</a> sought on Friday to clarify his 2021 remark about &#8220;childless cat ladies,&#8221; asserting that he was not targeting individuals without children but rather was criticizing Democrats <a href="https://www.benzinga.com/news/24/07/39997182/former-white-house-official-anthony-scaramucci-mocks-jd-vance-says-thank-you-for-knocking-me-out-of" target="_blank" rel="noreferrer noopener">for their &#8220;anti-family and anti-kid&#8221; policies.</a>
This clarification, given on Megyn Kelly&#8217;s SiriusXM <a href="https://www.siriusxm.com/blog/jd-vance-megyn-kelly-show?intcmp=AssetGroup:Any_NA_www:hosts:megyn-kelly_RepublicanVPPickJDVa" target="_blank" rel="noreferrer noopener">podcast</a>, follows the viral reappearance of a video where Vance questioned some Democrats, including Vice President <a href="https://www.benzinga.com/topic/kamala-harris">Kamala Harris</a>, for not having biological children, despite Harris having two stepchildren, <a href="https://www.politico.com/news/2024/07/26/vance-cat-lady-defense-00171439">reported</a> Politico.
The Kamala HQ account <a href="https://x.com/KamalaHQ/status/1816527148926050742">wrote on X</a> on Thursday, &#8220;JD Vance says women who haven&#8217;t given birth are &#8216;childless cat ladies who are miserable at their own lives&#8217; and shouldn&#8217;t be in politics because they &#8216;don&#8217;t have a direct stake&#8217; in America.&#8221;
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Vance defended himself, stating, &#8220;Obviously it was a sarcastic comment. People are focusing so much on the sarcasm and not on the substance of what I actually said &#8230; and the substance of what I said, Megyn, I&#8217;m sorry, it is true.&#8221;
Kamala HQ slammed Vance again Saturday in a <a href="https://x.com/KamalaHQ/status/1817199305725280529">post</a> on X, writing, &#8220;JD Vance says women should stay in violent marriages "for the sake of their kids.&#8221;
Vance, who is a parent of three, also aimed to reposition himself as a supporter of families, framing his earlier comments as a critique of Democrats for adopting positions that he believes undermine family interests.
He specifically criticized Harris for opposing the child tax credit after her campaign accused Vance of backing higher taxes for Americans without children.
This led some Republicans, including Vance, to argue that Democrats are against benefiting parents through the tax code. However, Harris and other Democrats have supported legislation aimed at expanding the child tax credit.
Harris campaign spokesperson Sarafina Chitika, in a statement to Politico, highlighted ongoing criticism of Vance&#8217;s comments on social media. She accused him of &#8220;insulting couples struggling with infertility, demeaning women&#8217;s choices and freedoms, and reminding voters of his and Donald Trump&#8216;s anti-IVF Project 2025 agenda.&#8221;
Vance described the country&#8217;s record-low birth rate, which he attributed to parents feeling uncomfortable bringing new life into the world as a &#8220;catastrophic problem.&#8221; He then criticized Democrats, accusing them of addressing this issue by suggesting that American children be replaced with immigrants, Politico added.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Vance On 'Childless Cat Ladies': 'People Are Focusing So Much On The Sarcasm And Not On The Substance'

Instagram spinoff Threads is experiencing a surge in active users and web traffic <a href="https://www.benzinga.com/24/05/38848822/meta-introduces-independent-fact-checking-program-for-threads">one year after its inception</a>.
What Happened: According <a href="https://www.similarweb.com/blog/insights/social-media-news/threads-anniversary/">to</a> a Similarweb report, Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Threads, which debuted on July 5, 2023, has seen a substantial increase in user engagement.
Monthly active users of the Mark Zuckerberg-led company&#8217;s app grew by 15.8% in the U.S. and 6.3% in the U.K. from August 2023 through May 2024. In June 2024, traffic to Threads.net saw an increase of approximately 9% compared to its launch month of July 2023.
Originally, the website was intended to promote the app, with the functional version allowing users to post content introduced in late August. But since then, web traffic has seen a surge of over 175%, as per the report.
Despite the growth, Threads still lags behind X, which boasts about nine times as many monthly active users in the U.S. However, X&#8217;s user base has been on a decline, down 8.9% YoY in the U.S. and 17.7% YoY in the U.K.
Also Read: <a href="https://www.benzinga.com/news/23/03/31129297/zuckerbergs-life-changing-advice-to-young-people">Zuckerberg&#8217;s Life-Changing Advice To Young People</a>
Threads was introduced as a text-based social network alternative to X by the Instagram team at Meta. It was designed to attract mobile app users who were dissatisfied with X&#8217;s management under Elon Musk&#8216;s ownership.
Why It Matters: The growth of Threads comes at a time when many users are seeking alternatives to traditional social media platforms. Threads&#8217; user-friendly interface and unique features have been key to its success. 
The decline in X&#8217;s user base indicates a shift in user preference, which Threads has capitalized on. 
The steady increase in user engagement and web traffic suggests that Threads is gaining traction and could potentially challenge established social media platforms in the future.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39508227/meta-faces-backlash-over-instagram-threads-political-content-settings">Meta Faces Backlash Over Instagram, Threads Political Content Settings</a></li>
</ul>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Social Media

Don't Look Now, But Zuckerberg's Threads Is Picking Up Steam

Dave Ramsey, the personal finance expert, is known for his hard-hitting and blunt financial advice. This time, his advice is geared around some important early childhood education topics. Here are the seven things that Ramsey feels every child should hear.&nbsp;
While Ramsey may be an expert in handling money, he's also pretty qualified regarding children because he has his own children, albeit they're all grown up now. Ramsey and his wife, Sharon, have three adult children: Denise, Rachel, and Daniel. Rachel Cruze is also a finance expert and often joins her father on the Ramsey Show. At the same time, Daniel works alongside his father as president of Ramsey Solutions. Hence, it's pretty fair to say that Ramsey and his wife have raised successful children, and Ramsey&#8217;s advice regarding early childhood education is valuable.&nbsp;
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<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
In a written post shared on the social media platform <a href="https://x.com/DaveRamsey/status/1737923621719273913">X</a>, Ramsey listed seven things that he believes all children need to hear, and the first thing is "I love you." The second thing you should say to your children is, "I support you," and thirdly, "I am listening." U.S. News reported that a psychology professor at the Stanford University Graduate School of Education, Geoffrey Cohen, believes that positive affirmations can do wonders for children's learning ability, among other things.&nbsp;
For Cohen, positive affirmations like Ramsey's fourth point, "I believe in you," are more than empty praise. Instead, Cohen explained, "It&#8217;s not me as a parent telling my kids you are so smart, you are so wonderful," and added, "Instead me as a parent molding the situation in ways that my kids can exemplify who they are and feel value." U.S. News also reported that Omar Gudiño, a clinical child psychologist, feels that affirmations from parents and teachers "bolster a student&#8217;s sense of self-confidence."&nbsp;
Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a>
The fifth thing that <a href="https://www.benzinga.com/personal-finance/24/07/39890114/54-year-old-with-2-5-million-nest-egg-says-his-wife-doesnt-feel-its-enough-to-retire-dave-ramsey">Ramsey</a> believes children need to hear is something more finance-related and right up his wheelhouse. He wrote, "Debt is dumb, cash is king, and the paid-off home mortgage has replaced the BMW as the status symbol of choice." This is an important one for Ramsey, who has long advocated for teaching your children about responsibly handling money. When it comes to handling money, Ramsey believes that money should not be a taboo subject and that children should not be sheltered from financial matters.&nbsp;
In a blog post shared with Ramsey Solutions, he cited a 2017 T. Rowe Price survey that found that 69% of parents are reluctant to talk about money to their children. For Ramsey, the solution for this is to start slow and be honest. This is something that many parents struggle with, especially when faced with questions from their kids about paying for college. During an episode of the Ramsey Show, Ramsey received a call from a man asking whether he is required to pay for his kid's college education.&nbsp;
<a href="https://www.benzinga.com/personal-finance/24/04/38412735/dave-ramsey-against-401k-for-education-your-retirement-savings-come-first-even-before-funding-co">Ramsey had told him</a>, "I don't believe it's a requirement that all parents pay for college for their kids." He added, "You don't have a moral responsibility to pay for your kids' college education. However, you have a moral responsibility to highlight the importance of knowledge." In addition to being honest about money with their children, Ramsey encourages parents to set family goals, let their children sit in on the family meetings, and contribute to the budget within reason.&nbsp;
Ramsey believes that all children need to hear the following from parents, teachers, and other leading figures: "I am here for you" and "You matter."&nbsp;
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<li>How much money will a $200,000 annuity pay out each month?<a href="https://www.benzinga.com/money/200k-annuities-adv"> The numbers may shock you.</a></li>
<li>Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/money/advisor-adv-warren-buffett"> How much is that worth today?</a></li>
</ul>

Dave Ramsey Extols The Virtues Of Early Childhood Education, Saying Every Child Should Know 'Debt Is Dumb, Cash Is King'

Last week, President Joe Biden withdrew from the presidential race and endorsed Vice President Kamala Harris, initiating one of the shortest campaigns in modern history. With just three months before Election Day, Harris faces a tight timeline to build her <a href="https://www.benzinga.com/news/24/07/39657200/ex-trump-staffer-shares-texts-to-prove-that-ex-presidents-campaign-settled-to-keep-discrimination-an">policy platform and connect with voters. </a>
To understand how Harris can navigate this condensed campaign, Politico recently <a href="https://www.politico.com/news/magazine/2024/07/26/kamala-harris-campaign-manager-roundtable-00171138">spoke</a> with seasoned campaign managers Patti Solis Doyle (Hillary Clinton's 2008 campaign), Robby Mook (Clinton's 2016 campaign), and Stuart Stevens (Mitt Romney's 2012 campaign).
The experts discussed how Harris should define herself against Donald Trump, attack rather than defend against his potential racist and sexist remarks, and chart a path to 270 electoral votes. They also considered potential vice-presidential picks, with Pennsylvania Governor Josh Shapiro frequently mentioned.
Doyle praised Harris's swift and effective campaign start, highlighting her strong rollout and early achievements.
&#8220;The last 72 hours have been unbelievable in terms of rollout. She locked up the nomination. Within 36 hours, she got the delegates. She got the endorsements from Congress. She got the money. And her first events have been through the roof,&#8221; Doyle said. 
&#8220;I think she's doing it. I think she is being forceful in her prosecution of Trump. I think she's offering a hopeful view of the future. I think she's doing the politics right,&#8221; she added. 
Mook emphasized the importance of leveraging the internet and social media to reach undecided voters, noting the internet as a &#8220;safe space&#8221; for Harris supporters.
&#8220;There's a paradox here. This is a really short campaign, and that is great, because she is rested. She is ready to go. I think time is often your enemy on these, particularly as a quasi-incumbent. But on the other hand, time is short, so the imperative is to lock in, first of all, who is she? And second of all, what is her vision?&#8221; Mook told the outlet.
Also Read: <a href="https://www.benzinga.com/news/24/07/39872154/trump-vs-biden-latest-round-of-polls-all-seem-to-suggest-grim-news-for-this-candidate">Trump Vs. Biden: Latest Rounds Of Polls All Seem To Suggest Grim News For This Candidate</a>
&#8220;I think she's done a very good job rolling that out right out of the gate. But there's a question about calcifying that and pushing it deep. And we know that these — they used to be called double-haters but I think they're just persuadable-again or either-way voters — we know that they have the least information about her and they get their news disproportionately from social media,&#8221; he added. 
Stevens suggested that Harris should attack Trump on his record, particularly on immigration.
&#8220;I think I would challenge the premise of the question that she didn't run a good campaign because she didn't win. Because most people&nbsp;don't&nbsp;win. And she did end up on the ticket, which is the next best thing you can do. She won a very tough race for attorney general. She's vice president of the United States, and now she's the Democratic nominee for president. So how far would she have gone if she was a good politician?,&#8221; Stevens said. 
&#8220;I've always felt that when President Biden was still in this, that there had to be two things that needed to be accomplished that were critical to winning. One was that the Democratic candidate needed to represent the future. And it's clear that the Harris campaign understands that,&#8221; he added. 
Harris must address voters&#8217; economic concerns while promoting her vision for the future. The experts agreed she should focus on change and hope, contrasting herself with Trump's divisive rhetoric. 
Read Next: 
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</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Experts Weigh In on Harris's Fast-Track Campaign Strategy Following Biden's Exit: 'I Think She's Done A Very Good Job'

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas">many investors&#8217; favorite stocks</a> over the last week. Here&#8217;s a look at some of our top stories.
The S&amp;P 500 decreased by 0.8% and the Nasdaq dropped by 2.1%, with both indexes experiencing consecutive weekly losses for the first time since April. In contrast, the Dow saw a 0.8% increase, achieving its fourth straight positive week — a milestone not reached since May.
Small-cap stocks continued to perform well, with the Russell 2000 Index achieving its third consecutive week of gains, fueled by optimism over potential interest rate cuts. 
On the economic front, the U.S. economy grew at an annualized rate of 2.8% in the second quarter, surpassing the expected 2% growth, while a key inflation measure watched by the Federal Reserve fell to 2.5% in June, the lowest since February 2021, reinforcing expectations <a href="https://www.benzinga.com/news/earnings/24/07/39993819/tech-stocks-slide-on-earnings-us-economy-flexes-muscles-small-cap-rally-continues-this-week-in-the-">for a rate cut in September</a>.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
<a href="https://www.benzinga.com/general/entertainment/24/07/39891426/amc-entertainment-stock-halted-movie-theater-chain-announces-restructuring-of-debt-load-ada">&#8220;AMC Entertainment Stock Halted: Movie Theater Chain Announces Restructuring of Debt Load,&#8221;</a> by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, details AMC Entertainment Holdings Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) plans to restructure its debt, moving U.S. theaters into a different unit and issuing new secured term loans, while CEO Adam Aron anticipates recovery and growth, addressing recent box office challenges.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39955624/is-dogecoin-really-moving-according-to-plan-prominent-analyst-claims-i-havent-sold-one-sin">&#8220;Is Dogecoin Really Moving &#8216;According To Plan?&#8217; Prominent Analyst Claims: &#8216;I Haven&#8217;t Sold One Single DOGE, I&#8217;ve Just Been Buying,'&#8221;</a> by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that crypto analyst Ali Martinez asserts Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is following a historical pattern, suggesting a potential 44% rise, as he continues to buy DOGE without selling.
<a href="https://www.benzinga.com/exclusives/24/07/39886192/exclusive-tesla-an-elon-musk-and-a-technology-story-first-ev-story-last-market-strategist-explains-w">&#8220;EXCLUSIVE: Tesla &#8216;An Elon Musk And A Technology Story First, EV Story Last&#8217; — Market Strategist Explains Why To Buy The Stock,&#8221;</a> by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, details how market strategist Jay Woods believes Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is driven more by Elon Musk&#8216;s technological innovations than its EV business, and why investors should consider buying Tesla stock.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/news/24/07/39891082/southwest-airlines-saved-by-procrastination-how-32-year-old-software-protected-company-from-microsof">Southwest Airlines Saved By Procrastination: How 32-Year-Old Software Protected Company From Microsoft Outage, CrowdStrike Issues</a>
<a href="https://www.benzinga.com/markets/equities/24/07/39939788/buy-the-dip-market-expert-says-recent-pullback-part-of-healthy-bull-market-a-little-tiny-ounce-o">Buy The Dip? Market Expert Says Recent Pullback Part Of Healthy Bull Market: &#8216;A Little Tiny Ounce Of Volatility, It Feels So Foreign&#8217;</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39899280/microsoft-stock-has-further-room-to-run-says-analyst-as-software-giant-remains-on-t">Microsoft Stock Has Further Room To Run, Says Analyst, As Software Giant Remains On Track To Hit $200B Cloud Revenue In 2 Years</a>
The Bears
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39925881/alphabet-investors-fret-over-margin-impact-of-higher-ai-related-capex-but-fund-mana">&#8220;Alphabet Investors Fret Over Margin Impact Of Higher AI-related Capex, But Fund Manager Says Not Spending Enough Exposes Google&#8217;s Parent To Risk Of &#8216;Losing Their Grip On The Future,'&#8221;</a> by <a href="https://www.benzinga.com/author/shanthi-rexaline">Shanthi Rexaline</a>, discusses concerns over Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) increased AI-related capital expenditures impacting margins, while fund manager Gene Munster argues that not investing sufficiently in AI could jeopardize the company&#8217;s future competitive edge.
<a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership">&#8220;Mark Zuckerberg Slams Tim Cook&#8217;s Apple After Cupertino Reportedly Rejected Its iPhone AI Partnership Proposal: &#8216;They Wanted To Put Us In A Box…,'&#8221;</a> by <a href="https://www.benzinga.com/author/ananya-gairola">Ananya Gairola</a>, reports that Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg criticized Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) for rejecting Meta&#8217;s AI partnership proposal, claiming Apple wanted to limit Meta&#8217;s competitive influence.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/markets/equities/24/07/39947663/peter-schiff-says-americans-are-broke-points-to-fords-dismal-q2-profit-they-cant-afford-to-buy-n">Peter Schiff Says &#8216;Americans Are Broke&#8217; — Points To Ford&#8217;s Dismal Q2 Profit: &#8216;They Can&#8217;t Afford To Buy New Cars&#8217; Due To Interest Rates</a>
<a href="https://www.benzinga.com/markets/equities/24/07/39898236/jeff-bezos-era-downstream-impact-losing-its-mojo-amazon-ceo-andy-jassy-is-reportedly-rethinking-">Jeff Bezos-Era &#8216;Downstream Impact&#8217; Losing Its Mojo? Amazon CEO Andy Jassy Is Reportedly Rethinking Alexa Devices Business Model Resulting In Billions Worth Of Losses</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39938175/vice-president-harris-snubs-bitcoin-conference-would-have-been-a-disaster-for-her-shrugs-o">Vice President Harris Snubs Bitcoin Conference: &#8216;Would Have Been A Disaster For Her,&#8217; Shrugs Organizer</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image created using artificial intelligence via Midjourney.

Long Ideas

Short Ideas

Trading Ideas

$DOGE

GOOG

GOOGL

Benzinga Bulls And Bears: Tesla, AMC, Meta And Crypto Analyst Predicts Dogecoin Will Follow Historical Pattern

Electric-vehicle makers&#8217; shares pulled back this week amid the broader market weakness, with market leader Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/markets/equities/24/07/39926440/tesla-stock-is-plunging-over-7-in-wednesdays-pre-market-after-q2-earnings-whats-going-on">earnings not offering any respite</a>.
Here&#8217;s a rundown on what happened in the EV space during the week:
Tesla Posts Mixed Results: Kicking off the EV reporting season this week, Tesla had a mixed tale to tell. Second-quarter revenue exceeded expectations but earnings per share trailed estimates. Fund Manager Gary Black blamed the earnings per share miss on restructuring charges related to job cuts. Investors also fretted over a surge in regulatory credits and management commentary regarding a notable drop in volume this year.
CEO Elon Musk tried to rev up sentiment by pointing to the promise that robotics holds for the company and raving over Tesla&#8217;s full self-driving software. He also said the eagerly awaited robotaxi event has been shifted to Oct. 10. Investors did not buy into the potential of the energy storage business, which doubled during the quarter. The stock, which had been rebounding nicely ahead of the quarterly results, reversed course and ended with a weekly drop of more than 8%.
Rivian&#8217;s Scaringe Talks Up New R2 Platform: In a podcast, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO R.J. Scaringe said Tesla&#8217;s Model Y and Model 3 EVs, though excellent, have saturated the market, leaving buyers craving variety. &#8220;If you want to spend less than $50,000 for an EV, I'd say there's a very, very small number of great products,&#8221; Scaringe <a href="https://podcasts.apple.com/us/podcast/decoder-with-nilay-patel/id1011668648?i=1000662961702">told</a> the Decoder podcast in December.
While many EV companies have tried to replicate the success Tesla has had with the Model Y EVs, they have not focused on giving diverse choices. Scaringe also clarified that Rivian&#8217;s R2 platform-based will not be a Model Y copycat.
See Also: <a href="https://www.benzinga.com/money/best-electric-vehicle-stocks">Best EV Stocks</a>
GM To Go Slow On EVs: On its earnings call this week, General Motors Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) said it was slowing plans for EVs by delaying a second EV truck plant in Michigan by six months and delaying the first Buick brand EV. The delay until mid-2025 suggests GM may not hit its 2025 production target of one million EVs. CEO Mary Barra said the company is looking to grow &#8220;responsibly and profitably.&#8221; EVs accounted for just 3.2% of GM&#8217;s total second-quarter U.S. sales.
Xiaomi Quick With EV Ramp-Up: Xiaomi Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) Chairman and CEO Lei Jun said in a Weibo post that the smartphone maker is on track to meet its annual delivery target of 100,000 EV units for 2024 two months ahead of schedule, CnEVPost <a href="https://cnevpost.com/2024/07/26/xiaomi-completes-capacity-ramp-up-100000-target-nov/">reported</a>. According to the report, Jun said that Xiaomi has completed its factory capacity ramp-up and has sold 30,000 units of its SU7 model in a little over three months since the vehicle&#8217;s launch.
Lucid Stitches Battery Material Deal:  Lucid Group, Inc. (NASDAQ LCID) announced an agreement with mineral exploration company Graphite One Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GPHOF#OTC">GPHOF</a>) <a href="https://www.benzinga.com/markets/equities/24/07/39959245/whats-going-on-with-lucid-group-stock-today">for the supply of anode active materials</a>.
&#8220;We are committed to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States, and Lucid, will maintain technology leadership in this global race,&#8221; said Lucid CEO/CTO Peter Rawlinson. &#8220;Through work with partners like Graphite One, we will have access to American-sourced critical raw materials, helping power our award-winning vehicles made with pride in Arizona.&#8221;
The KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KARS#NYSE">KARS</a>) ended Friday&#8217;s session up 0.72% at $19.31 according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>. For the week, the ETF fell 3.84%.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39951197/jim-cramer-calls-elon-musk-bankable-and-visionary-as-tesla-shares-fall-over-12-why-">Jim Cramer Calls Elon Musk &#8216;Bankable&#8217; And Visionary As Tesla Shares Fall Over 12%: Why The Stock Picker Recommends To &#8216;Buy This Weakness&#8217;</a></li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Weekly Change (+/-)</td>
</tr>
<tr>
<td>Tesla</td>
<td>-8.11%</td>
</tr>
<tr>
<td>Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td>-0.67%</td>
</tr>
<tr>
<td>XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)</td>
<td>+0.71%</td>
</tr>
<tr>
<td>Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>)</td>
<td>-2.55%</td>
</tr>
<tr>
<td>Workhorse Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>)</td>
<td>-10.78%</td>
</tr>
<tr>
<td>Hyzon Motors, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>)</td>
<td>+7.58%</td>
</tr>
<tr>
<td>Canoo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>)</td>
<td>-10.00%</td>
</tr>
<tr>
<td>Rivian </td>
<td>-3.22%</td>
</tr>
<tr>
<td>Lucid</td>
<td>-3.43%</td>
</tr>
<tr>
<td>Faraday Future Intelligent Electric Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NYSE">FFIE</a>)</td>
<td>-11.07%</td>
</tr>
<tr>
<td>Nikola Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKLA#NASDAQ">NKLA</a>)</td>
<td>-1.37%</td>
</tr>
<tr>
<td>VinFast Auto Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>)</td>
<td>-9.03%</td>
</tr>
</tbody>
</table>
</figure>
Photo: Shutterstock

FFIE

GOEV

GPHOF

HYZN

KARS

NKLA

RIVN

WKHS

XIACY

XPEV

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In response to a recent U.S. Supreme Court decision, California Gov. <a href="https://www.benzinga.com/topic/gavin-newsom" target="_blank" rel="noreferrer noopener">Gavin Newsom</a> announced an executive order on Thursday directing state officials to initiate the removal of <a href="https://www.benzinga.com/news/24/07/39875041/gavin-newsom-backs-kamala-harris-calls-vp-tough-fearless-and-tenacious-the-ideal-candidate-to-counte" target="_blank" rel="noreferrer noopener">homeless encampments across the state.</a>
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According to a 2023 report from the U.S. Department of Housing and Urban Development submitted to Congress, California has the largest homeless population in the country, exceeding 180,000 individuals.
The nationwide estimate for people experiencing homelessness stands at approximately 653,100, marking an increase of about 12% since 2022.
California&#8217;s response to the Supreme Court decision is attracting significant attention from other cities and states. Newsom&#8217;s executive order has sparked controversy, drawing criticism from both homeless advocates and some elected officials.
Michael Weinstein, president of the AIDS Healthcare Foundation and leader of the Housing is a Human Right initiative, criticized Newsom&#8217;s actions as an attempt to &#8220;criminalize poverty&#8221; and a continuation of &#8220;failed policies.&#8221;
In a statement released Thursday, Weinstein questioned, &#8220;Governor Newsom, where do you expect people to go? This is a shameful moment in California history.&#8221;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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TSX:ENRG

New Energy Metals

<table style='width:fit-content; border: none;'><tr style='background: none;'><td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://new-enrg.com/'><img src="https://thenewswire.com/data/tnw/clients/logos/1AMqF407a.png?t=1691777599" alt="New Energy Metals Corp." /></a></td></tr><tr style='background: none;'><td style='padding: 0; margin: 0; border: none; background: none;'></td></tr></table>

Vancouver, British Columbia - TheNewswire - August 14, 2023 - New Energy Metals Corp. (TSXV:<a class="ticker" href="https://www.benzinga.com/stock/ENRG#TSXV">ENRG</a>) ((NRGYF</a>) ("New Energy" or the "Company ") is pleased to announce that it has entered into an option agreement (the "Agreement") dated July 28, 2023, to acquire a 100% interest in the highly prospective Atikokan Lithium Property (the "Property"). The Property consists of 4 mining claims comprising 3,788 hectares and is located approximately 12 km east of Atikokan, Ontario (Figure 1).





<a href='https://www.thenewswire.com/data/tnw/clients/img/b950f1635fdb7253b65e0e8510424bf4.png' target='_blank'><img src="https://www.thenewswire.com/data/tnw/clients/img/b950f1635fdb7253b65e0e8510424bf4_.png" /></a> 
Click Image To View Full Size



 

Figure 1. Regional location of the Atikokan lithium property.

 

The claims straddle the contact between a peraluminous S-type muscovite-bearing granite and metasediments within the Quetico subprovince (Figure 2). The Quetico-Marmion subprovincial boundary lies just 4 km north of the Property. Numerous lithium deposits of northwestern Ontario occur proximal to a subprovincial boundary (Breaks et al., 2003). Historically, the Atikokan area has documented strongly anomalous lake sediment results in Li, Rb, Cs, Ga and Sn (Jackson, 2001). Muscovite-bearing pegmatite dykes and small pegmatitc granite masses are widely exposed along Highway 11 between Nym Lake Road junction and west to Niobe Lake (McIlwaine and Larsen 1981a, 1981b). In 2003, Breaks et al., took 16 bulk rock samples along Highway 11 largely within the Property boundary (Figure 3). Bulk rock chemistry showed a significant number of anomalous lithium values. Lithium ranged from 11 to 164 ppm with a mean content of 72 ppm, however, 25% and 60% of the data, respectively, exceeded 100 ppm and 50 ppm. Taylor (1964) states that lithium values exceeding 100 ppm indicate extreme fractionation.

 

The Gilbert Lake rare-element mineral occurrence, sample 01-JBS-78-07 within the Property boundary was the most evolved pegmatitic rock encountered by the survey. This beryl-type pegmatite contains maximum levels in this area for most rare-elements: Be (18 ppm), Cs (80 ppm), Li (99 ppm), Rb (524 ppm), Sn (177 ppm), Ta (20 ppm), Nb (42 ppm) and Ga (81 ppm) (Breaks et al., 2003).

 



<a href='https://www.thenewswire.com/data/tnw/clients/img/e118dc5b0b8cdfb4d4813068e2eeb372.png' target='_blank'><img src="https://www.thenewswire.com/data/tnw/clients/img/e118dc5b0b8cdfb4d4813068e2eeb372_.png" /></a> 
Click Image To View Full Size



 

Figure 2. Regional geology of the Atikokan lithium property.

 



<a href='https://www.thenewswire.com/data/tnw/clients/img/6d74fb32938c7374a914f32254831904.png' target='_blank'><img src="https://www.thenewswire.com/data/tnw/clients/img/6d74fb32938c7374a914f32254831904_.png" /></a> 
Click Image To View Full Size



 

Figure 3. Bulk sample locations by Breaks et al., 2003.

 

For the rare alkali metals, cesium was significantly enriched 7 to 25 times above its mean crustal abundance for 80% of the data population and varied from 3.9 to 80 ppm. Many values exceeded 15 ppm, a level considered by Černý and Meintzer (1988) to indicate significant fractionation in granitic systems. Rubidium had a range of 5 to 534 ppm and mean content of 270 ppm.



In essence, Breaks et al., 2003 summed up their reconnaissance prospecting and mapping with:



"The anomalous Li, Rb, Cs, Sn and Ga documented in the bedrock by this survey corroborate the earlier lake sediment geochemistry work of Jackson (2001). Exploration for rare-element mineralization in the area should therefore focus on the numerous lake sediment anomalies for these metals in the general area as there is a close correlation with bedrock chemical data at least in the Nym-Niobe lakes area. The discovery of columbite-tantalite group minerals and beryl by this survey gives strong indications that, with careful prospecting, further rare-element minerals may be discovered. The presence of elevated Ta contents in bulk muscovite at localities 01-FWB-126 and 01-JBS-81 suggests that they should be investigated further for possible tantalum mineralization".

 

Under the terms of the Agreement, New Energy has the right to acquire a 100% interest in the Property by making aggregate cash payments of $66,000 over a period of two years. The optionors will retain a 3% net smelter returns royalty.

 

The technical information contained in this news release has been reviewed and approved by Mike Kilbourne, P. Geo., a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

 

The acquisition is an arm's length transaction and qualifies as an "Exempt Transaction" pursuant to the policies of the TSX Venture Exchange.

 

The Company also wishes to announce that it has amended the terms of the Troitsa option agreement (the "Troitsa Agreement") pursuant to which the Company will issue 900,000 shares (the "Shares") of the Company to the optionor in lieu of the cash payment of $45,000 due in July 2023. The Company or its assignees will have the right of first refusal to purchase the Shares. All other terms of the Troitsa Agreement remain the same.

 

ON BEHALF OF THE BOARD OF DIRECTORS,



New Energy Metals Corp.

 

Rishi Kwatra 
CEO & Director

 

#610 – 700 West Pender Street 
Vancouver, BC V6C 1G8 Canada 
Tel: 604-669-9788



<a href='http://www.new-enrg.com/' target='_blank'>www.new-enrg.com</a>

    

References 

 

1.        Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p.

  

About New Energy Metals Corp.

 

New Energy is a Canadian-based resource company listed on the TSX Venture Exchange under the symbol ENRG. The Company has an option to purchase a 100-per-cent interest in the Roslyn lithium property, covering 5,100 hectares located 20 kilometers southeast of the Georgia Lake pegmatite field and 35 kilometers southeast of where Rock Tech Lithium just published a preliminary economic assessment supporting the indicated mineral resource of 10.6 Mt (million tons) grading 0.88 per cent lithium oxide and an inferred mineral resource of 4.2 Mt grading 1.0 per cent Li2O. The Company also has an option to purchase a 100-per-cent interest in the Troitsa copper property covering approximately 7,000 hectares located in the Omineca mining division of British Columbia.

 

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

 

Cautionary Statement on Forward Looking Information

 

Certain statements made, and information contained herein may constitute "forward looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management's expectations. Forward-looking statements and information may be identified by such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will", "speculates", "could" or "would".

 

All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.

 

Copyright (c) 2023 TheNewswire - All rights reserved.

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