Latest news for RHI Magnesita (OTC:RMGNF) Stock

RHI Magnesita NV operates in the refractory industry. The core activities of the group comprise the development and production as well as the sale, installation, and maintenance of refractory products and systems. It has two main operating segments, Steel and Industrial. The Steel segment specializes in supporting customers in the steel-producing and steel-processing industry. Its Industrial segment serves customers in the glass, cement/lime, nonferrous metals and environment, energy, chemicals Industries. The company generates maximum revenue from the Steel segment.

RHI Magnesita NV

Donald Trump has claimed that during his presidency, he wanted to appoint his daughter Ivanka <a href="https://www.benzinga.com/real-estate/24/08/40341328/ivana-trumps-former-nyc-townhome-slashed-to-19-5-million-after-two-years-on-the-market" target="_blank" rel="noreferrer noopener">as the U.S. ambassador to the UN</a>. However, <a href="https://www.theguardian.com/us-news/article/2024/aug/31/donald-trump-at-moms-for-liberty-says-ivanka-hired-millions-of-people" target="_blank" rel="noreferrer noopener">according</a> to The Guardian, the former president said that Ivanka chose to focus on job creation instead, hiring &#8220;millions of people.&#8221;
Trump made these comments during a &#8220;fireside chat&#8221; at the annual Moms for Liberty gathering in Washington on Friday night. The nonprofit, which campaigns to remove mentions of LGBTQ identity and structural racism from school curricula, hosted the event.
Trump stated, &#8220;I said, you would be a great ambassador to the United Nations, United Nations secretary – there&#8217;d be nobody to compete with her. She may be my daughter but nobody could have competed with her, with her rat-rat-rat you know she&#8217;s got,&#8221; the report added.
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&#8220;She said, &#8216;Daddy, I don&#8217;t want to do that, I just want to help people get jobs.&#8217; She would go around – not a glamorous job – but would go around to see Wal-Mart, to see Exxon, to see all these big companies to hire people and she had hired, like, millions of people during the course of her stay,&#8221; Trump added.
In his lengthy remarks, Trump veered between topics such as his parents&#8217; marriage, Scotland, his reality TV show &#8220;The Apprentice,&#8221; and Elon Musk (&#8220;a super genius guy&#8221;). He also reflected on his debates with Hillary Clinton and Joe Biden and discussed his upcoming contest with Kamala Harris, whom he labeled as a &#8220;Marxist&#8221; and a &#8220;defective person,&#8221; The Guardian reported.
At one point, Trump reminisced about Ivanka&#8217;s career, stating that although she was making substantial money from her fashion brand, she chose to leave it behind to support him politically.
He suggested that she sacrificed her lucrative and glamorous career to engage in the less glamorous but crucial work of job creation.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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General

Trump Claims Ivanka Rejected UN Ambassador Role, Instead Hired 'Millions Of People'

<a href="https://www.benzinga.com/personal-finance/24/07/39600675/bill-gates-was-the-worlds-richest-man-for-a-record-18-years-his-secret-to-success-saving-like-a-">Bill Gates</a>, known for co-founding Microsoft, also has a philanthropic side. According to Fortune, he is one of only five billionaires who has given away more than 20% of his wealth to charity.&nbsp; A big part of his charitable efforts is dedicated to public health, particularly as an advocate for <a href="https://www.benzinga.com/general/biotech/24/04/38043559/igc-pharma-releases-positive-interim-analysis-of-its-ongoing-phase-2-trial-in-alzheimers-research">Alzheimer's research</a>. Gates' own father battled Alzheimer's, and since that diagnosis, Gates has been a huge proponent of Alzheimer's research and education.&nbsp;
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Recently, Gates visited the Indiana University (IU) School of Medicine, a leading institution in Alzheimer's research, to witness firsthand the groundbreaking work it is doing to combat this disease. During his visit, Gates donned a lab coat and protective gloves as he toured IU's state-of-the-art labs and engaged with researchers for a more hands-on experience in the fight against Alzheimer's. 
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IU President Pamela Whitten welcomed Gates to the campus. She said, "A deeply collaborative environment is at the heart of our research enterprise at IU, and this approach has helped to ensure that our team of scientists is working together to answer the most difficult questions about Alzheimer's. We were proud to give a visionary like Bill Gates a firsthand look at that work."
<a href="https://www.benzinga.com/news/24/08/40304161/bill-gates-and-warren-buffett-have-been-friends-for-decades-but-rising-tensions-now-threaten-their-p">Gates's philanthropic efforts</a> in Alzheimer's research have been significant. He donated $100 million to initiatives dedicated to understanding and curing the disease. Having seen his father struggle with Alzheimer's and understanding the emotional toll it takes on the individual and family, his personal connection has fueled his support. 
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One of the most crucial <a href="https://www.benzinga.com/general/24/04/38203452/bill-gates-spent-100-million-on-alzheimers-research-after-his-dads-diagnosis-this-is-what-he-says-is">pieces of advice Gates offers</a>, based on the latest research, is the importance of sleep in preventing Alzheimer's. "One of the strongest things to emerge in that area is the importance of good sleep," Gates has stated. &#8220;To maintain brain health, getting good sleep even back to your teen years is super important.&#8221;
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According to the National Institutes of Health (NIH), there is some correlation between poor sleep patterns and a greater risk of dementia later in life. A study they conducted found that people in their 50s and 60s getting six hours of sleep or less were at greater risk of developing dementia later. Those getting poorer sleep were 30% more likely to be diagnosed with dementia than those getting at least 7 hours of sleep a night.&nbsp;
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While Gates' $100 million investment is a substantial contribution to the fight against Alzheimer's, he knows that research is not enough by itself. He encourages prevention through lifestyle changes, like getting better sleep, to help combat the disease.&nbsp;

Personal Finance

Bill Gates' $100M Alzheimer's Research Support — His Visit To IU School Of Medicine And How He Recommends Preventing Alzheimer's

A Singaporean man has been sentenced to nearly four years behind bars after attempting to frame his estranged wife by planting cannabis in her car, knowing she could get the death penalty.
Tan Xianglong, 37, hid what he thought was over half a kilo of marijuana in the back seat of his wife's vehicle, thinking that amount would be sufficient to trigger Singapore's death penalty for drug trafficking.
Singapore, by the way, has some of the strictest drug laws in the world and carries out the death penalty by hanging. The latest, which took place in April 2023, was the 11th person in two years <a href="https://www.benzinga.com/markets/cannabis/23/04/31957742/billionaire-branson-criticizes-singapores-decision-to-execute-man-over-kilogram-of-pot-this-week">to be hanged</a> for allegedly smuggling two pounds of cannabis into the country.
<h3 class="wp-block-heading">Ripped Off In A Telegram Chat</h3>
However, in this case, less than half of the substance that Tan planted in his wife's car turned out to be actual cannabis; the rest was filler material, <a href="https://e.vnexpress.net/news/news/crime/singaporean-jailed-for-planting-death-penalty-weed-in-wife-s-car-4787949.html">reported</a> VNExpress.
Tan admitted he bought the weed from a <a href="https://www.benzinga.com/topic/telegram">Telegram</a> chat group whose founder <a href="https://www.benzinga.com/topic/pavel-durov">Pavel Durov</a> was recently released on $5.6 million bail from French custody where he <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40558693/telegram-ceo-pavel-durov-faces-12-serious-charges-french-prosecutor-reveals" target="_blank" rel="noreferrer noopener">could face up to 12 serious charges</a>, including drug offenses.
Read Also:  <a href="https://www.benzinga.com/markets/cannabis/22/08/28385074/the-possibly-best-and-worst-countries-to-get-caught-with-pot" target="_blank" rel="noreferrer noopener">The (Possibly) Best and Worst Countries To Get Caught With Pot</a>
<h3 class="wp-block-heading">The Pot Plot Unravels</h3>
Tan had apparently failed to consider that his wife's car was equipped with a camera system that sent her a phone notification alerting her to a &#8220;parking impact.&#8221; This prompted the woman to review live footage, which showed Tan lingering around the car. She quickly notified the police, accusing him of harassment. During the investigation, however, the cops discovered the weed and arrested her. When no evidence was found against her, the focus shifted to Tan, leading to his arrest.
Tan's defense attorney argued that he was suffering from depression at the time he plotted to send this wife to the gallows.
Court documents revealed that Tan&#8217;s intention was to frighten his wife and entangle her in legal trouble. His plan hinged on getting her arrested and charged with a severe crime, potentially making it easier for him to get a divorce. Under Singaporean law, couples need to be married for at least three years before filing for divorce. Tan and his wife had been separated for less than two years.
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Photo by CEphoto, Uwe Aranas via <a href="https://creativecommons.org/licenses/by-sa/4.0/deed.en" target="_blank" rel="noreferrer noopener">Wikimedia Commons</a>

Cannabis

Death Penalty Scheme Gone Wrong: Husband's Plot To Frame Wife With Cannabis Fails

The era of interest rates at two-decade highs may be drawing to a close, with Federal Reserve Chair Jerome Powell hinting at possible cuts as early as September. But for hopeful homebuyers eyeing cheaper mortgages, <a href="https://www.benzinga.com/markets/equities/24/08/40541926/fed-rate-cuts-coming-what-you-need-to-know-about-mortgages-borrowing-and-saving">the path forward is still unclear</a>.
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Last week, at the central bank&#8217;s annual gathering in Jackson Hole, Wyoming, Powell struck a cautiously optimistic tone. &#8220;The time has come for policy to adjust,&#8221; he said, <a href="https://www.benzinga.com/markets/equities/24/08/40535770/feds-powell-hints-at-policy-shifts-dollar-plunges-gold-rallies-as-investors-flock-to-rate-cut-wi">confirming the Fed&#8217;s intention to begin easing its monetary stance</a>.
The shift departs from the aggressive rate-hiking campaign of the past two years, designed to tame runaway inflation. Now, with price increases cooling, the Fed faces the challenge of supporting economic growth without reigniting inflationary pressures.
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While Powell&#8217;s remarks clearly signaled that rate cuts are on the horizon, the timing and pace remain uncertain. &#8220;The direction of travel is clear,&#8221; he said, &#8220;but the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.&#8221;
The key variable in this is the labor market.
The Sept. 6 jobs report looms large on the Fed&#8217;s radar. A softer-than-expected report could push the central bank toward a more aggressive 50-basis point cut at its Sept. 18 meeting. A resilient job market, however, might prompt a more measured approach.
That uncertainty has left financial markets in a state of cautious optimism. Futures markets are currently split, with a two-thirds probability of a standard 25-basis point cut in September and a one-third chance of a bolder 50-basis point reduction.
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For potential homebuyers, that translates into a waiting game. While mortgage rates edged down in response to Powell&#8217;s remarks, steeper drops may not materialize immediately.
&#8220;Additional weak labor market data leading to a series of larger than 25 bps cuts will mean that mortgage rates will fall through the end of the year,&#8221; noted Chen Zhao, economics team lead at Redfin. &#8220;But a stable, or even falling, unemployment rate will allow the Fed to cut 25 bps at a time and may lead to mortgage rates ticking up a bit from today&#8217;s lows through the end of the year.&#8221;
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The Fed&#8217;s evolving stance reflects a growing confidence in its battle against inflation. Powell acknowledged that inflation, measured by the Fed&#8217;s preferred gauge, <a href="https://www.benzinga.com/top-stories/24/07/39987142/feds-favorite-inflation-gauge-keeps-falling-but-fed-wants-durable-downward-trend-economist-says#:~:text=The%20PCE%2C%20the%20Fed's%20favored,an%20expected%20decline%20to%202.5%25.">has fallen to 2.5%</a>.
&#8220;My confidence has grown that inflation is on a sustainable path back to 2%,&#8221; he said during his speech, hinting at the possibility of achieving the much sought-after "soft landing." The Fed chair also said policymakers had miscalculated the inflationary threat when it emerged in 2020. &#8220;The good ship Transitory was a crowded one,&#8221; he said, referring to the widespread initial belief that price pressures would be short-lived.
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As the Fed navigates the next phase, the housing market grapples with affordability challenges, even as the prospect of lower rates offers some hope.
For now, investors will turn to the upcoming jobs report.&nbsp;

Real Estate

'The Time Has Come to Adjust' — Cheaper Mortgage Rates Could Be Just Weeks Away, But It All Hinges On This Data

In the wake of the arrest of Telegram founder Pavel Durov in France, Elon Musk is contemplating limiting his international travel. 
What Happened: Musk, who acquired the social media platform X (formerly known as Twitter) for $44 billion in 2022, is facing global criticism due to the spread of misinformation on his platform. 
In response to a post suggesting he reconsider his travel plans, Musk indicated on X that he might restrict his travel to countries where freedom of speech is constitutionally upheld.
<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">Probably wise to for me to limit movements to countries where free speech is constitutionally protected
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1829296937058832748?ref_src=twsrc%5Etfw">August 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Telegram CEO Durov was detained last week near Paris on charges related to illicit activities on his platform.
Also Read: <a href="https://www.benzinga.com/news/24/08/40544218/musk-takes-shot-at-zuckerberg-slams-instagram-over-child-exploitation-and-data-privacy">Musk Takes Shot At Zuckerberg, Slams Instagram Over Child Exploitation And Data Privacy</a>
 Musk, a staunch supporter of Durov, has condemned the arrest as an infringement of free speech, labeling it a sign of &#8220;dangerous times.&#8221;
<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">Dangerous times <a href="https://t.co/FuB6NEWOqr">https://t.co/FuB6NEWOqr</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1827551868580487321?ref_src=twsrc%5Etfw">August 25, 2024</a></blockquote>
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</figure>
French President Emmanuel Macron has defended the arrest, asserting it was not politically motivated and that France remains committed to freedom of expression. Both Musk and Durov have come under fire for their platforms&#8217; content moderation policies, or lack thereof.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have seen false information regarding France following the arrest of Pavel Durov. France is deeply committed to freedom of expression and communication, to innovation, and to the spirit of entrepreneurship. It will remain so. In a state governed by the rule of law,…
&mdash; Emmanuel Macron (@EmmanuelMacron) <a href="https://twitter.com/EmmanuelMacron/status/1828077245606342672?ref_src=twsrc%5Etfw">August 26, 2024</a></blockquote>
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Musk is currently embroiled in a legal battle in Brazil, where a Supreme Court judge has threatened to suspend X for refusing to block accounts accused of disseminating misinformation.
Why It Matters: The arrest of Durov and the subsequent reaction from Musk underscore the growing global concern over the role of social media platforms in the spread of misinformation. 
The potential travel restrictions by Musk could signal a shift in how tech CEOs navigate the complex landscape of international law and freedom of speech.
The legal dispute in Brazil involving Musk&#8217;s platform X further highlights the challenges faced by social media platforms in balancing freedom of speech with the need to curb the spread of misinformation. 
This incident could potentially impact the operations of other social media platforms and their approach to content moderation.
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This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

Musk Considers Limiting His Travel Following Telegram CEO Arrest: 'Wise For Me To Limit Movements'

In a significant political development, <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a> has thrown his support behind <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Florida&#8217;s Amendment 3,</a> the proposed constitutional amendment that seeks to legalize recreational marijuana. Trump&#8217;s surprising endorsement, announced via his <a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786">Truth Social platform</a> on Saturday, comes as Floridians prepare to vote for the amendment in the <a href="https://www.benzinga.com/topic/2024-election" target="_blank" rel="noreferrer noopener">November election</a>.
Trump&#8217;s backing of Amendment 3 is particularly noteworthy given his tough stance on drug policy, which has included <a href="https://www.benzinga.com/markets/cannabis/22/11/29741741/trump-announcement-death-to-drug-dealers-and-beautiful-american-flag-on-mars">calling for the death penalty</a> for drug dealers.
<h2 class="wp-block-heading">Change Of Tune</h2>
"In Florida, like so many other States that have already given their approval, personal amounts of marijuana will be legalized for adults with Amendment 3. Whether people like it or not, this will happen through the approval of the Voters, so it should be done correctly," <a href="https://truthsocial.com/@realDonaldTrump/posts/113057012516008786">wrote</a> Trump, who is a Florida voter.
He also said it is important to create laws that prohibit its use in public spaces "so that we don't smell marijuana everywhere we go." The widespread smell of cannabis smoke has been a constant criticism expressed by Gov. Ron DeSantis, who <a href="https://www.benzinga.com/markets/cannabis/24/07/39827912/ron-desantis-blasts-floridas-cannabis-legalization-ballot-at-rnc-it-would-allow-80-joints-a-day-">vehemently opposes</a> the legalization measure and is not likely to be happy about Trump&#8217;s endorsement.
Trump&#8217;s comments come nearly two weeks after his <a href="https://www.benzinga.com/markets/cannabis/24/08/40561136/trump-dislikes-having-people-in-jail-for-cannabis-will-he-legalize-if-elected-or-just-trying-to-">remarks on cannabis</a> including a distaste for people being incarcerated for weed.
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With Trump's influential endorsement, the conversation around marijuana legalization in Florida is likely to intensify in the weeks leading up to the election. Supporters, like former Republican Party of Florida Chair&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/07/40085870/ron-desantis-and-gop-stalwart-feud-over-cannabis-legalization-trump-floridas-top-cops-also-weigh" target="_blank" rel="noreferrer noopener">Joe Gruters who came out in favor</a>&nbsp;of cannabis legalization over the summer, says Trump&#8217;s support is crucial.
"I am incredibly proud to have President Trump stand alongside us in our effort to end needless arrests and incarcerations of adults for simple possession of marijuana and to give Floridians the same individual freedom to choose safe, tested products that more than half the country already enjoys," Gruters <a href="https://www.news4jax.com/news/local/2024/08/31/trump-supports-floridas-amendment-3-but-says-marijuana-legalization-should-be-done-correctly/">said</a> on New4Jax. 
<h2 class="wp-block-heading">Is DeSantis&#8217;s Anti-Weed Alliance Crumbling?</h2>
The Vote No on 3 campaign has full support of the Republican Party of Florida, though funding has been an issue.
At the moment, the pro-cannabis campaign led by&nbsp;<a href="https://drupal-cloudfront.benzinga.com/topic/smart-safe-florida" target="_blank" rel="noreferrer noopener">Smart and Safe Florida</a> has amassed $71.8 million as of mid-August, according to&nbsp;<a href="https://dos.elections.myflorida.com/cgi-bin/TreSel.exe" target="_blank" rel="noreferrer noopener">the latest data</a>&nbsp;from the Florida Division of Elections. This substantial war chest largely comes from&nbsp;<a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative" target="_blank" rel="noreferrer noopener">Trulieve</a>&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) one of the state's largest medical marijuana companies. 
On the other side, opposition to Amendment 3 has raised $14.5 million, not including the recent shot in the arm when Citadel CEO&nbsp;Ken Griffin&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/08/40158903/terrible-plan-billionaire-ken-griffin-donates-12m-to-defeat-floridas-cannabis-legalization-measu" target="_blank" rel="noreferrer noopener">contributed $12 million</a>.
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Government

TCNNF

Donald Trump Supports Cannabis Legalization in Florida: Game Changer And Huge Blow To Ron DeSantis

Mark Cuban, the billionaire entrepreneur and <a href="https://www.benzinga.com/general/sports/23/12/36402593/mark-cubans-slam-dunk-deal-mavericks-majority-stake-sale-clears-the-net-whats-the-next-play">part-owner of the Dallas Mavericks</a>, recently <a href="https://youtu.be/CC5B6xxeXlk?si=LOXnC5KZjQCv9yLq">spoke</a> about what matters to people in their everyday lives. He stressed that while there's a lot of noise about big brands like <a href="https://www.benzinga.com/topic/bud-light">Bud Light</a> and <a href="https://www.benzinga.com/quote/TGT">Target</a> in the news, most people aren't waking up thinking about these companies. Instead, they&#8217;re focused on how to live their lives and find satisfaction each day.
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"People don't wake up in the morning thinking about Bud Light or Target," Cuban said. "They think about how they're going to live their lives and what's going to give them satisfaction."
Cuban believes that all the controversies surrounding big brands are distractions from what truly drives people: their personal goals, needs, and challenges. He pointed out that when people get up in the morning, they're not obsessing over the latest corporate drama. Most people are just trying to figure out how to care for their families, do their jobs and achieve their dreams.
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This idea fits with Cuban&#8217;s overall approach to running a business and living life. A successful business shouldn&#8217;t get distracted by political or social issues but focus on its customers – figuring out what they need, making their lives easier, and providing real value. &#8220;As an entrepreneur, you can't get caught up in all that,&#8221; Cuban said. &#8220;You have to do what's best for your customers, no matter what they look like.&#8221;
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Cuban talked about examples from his career, like when he created Broadcast.com and <a href="https://www.benzinga.com/general/entertainment/24/04/38110205/mark-cuban-says-acquiring-dallas-mavericks-was-all-about-fun-not-billions-im-the-luckiest-m">sold it for $5.7 billion</a>, and his latest project, <a href="https://www.benzinga.com/news/23/06/33079962/elon-musk-and-mark-cuban-collaborate-through-twitter-to-lower-skyrocketing-prescription-drug-prices">Cost Plus Drugs</a>. This new company is shaking up the pharmaceutical industry by making medication prices clear and straightforward. According to Cuban, this is important because people no longer trust how they buy their medications. &#8220;Nobody trusts the way they buy their medications right now. It doesn't make any sense,&#8221; he explained. &#8220;So we decided to be completely transparent and show exactly our costs.&#8221;
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Cuban's message to entrepreneurs, businesses and regular people is simple. While legacy and social media obsess over the latest controversies, what truly matters is how you can make a positive difference in people's lives. &#8220;That's why entrepreneurship is so important,&#8221; Cuban said before continuing, &#8220;It's about asking, why not me? Why can't I start this business … and do something special?&#8221;
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Mark Cuban: People Don't Think About Bud Light Or Target When They Wake Up — 'They Think About How They're Going To Live Their Lives'

Jack White of the White Stripes has condemned <a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">Donald Trump</a><a href="https://www.benzinga.com/topic/donald-trump" target="_blank" rel="noreferrer noopener">&#8216;s</a> campaign as &#8220;fascists&#8221; and threatened legal action after an aide used a clip of the band&#8217;s 2003 hit <a href="https://www.benzinga.com/general/entertainment/24/08/40327222/trump-hits-iceberg-celine-dion-sony-say-use-of-titanic-theme-song-will-not-go-on" target="_blank" rel="noreferrer noopener">&#8220;Seven Nation Army&#8221; in a pro-Trump social media post</a>.
Margo Martin, Trump&#8217;s deputy director of communications, shared a brief 10-second video showing Trump boarding a plane for campaign events, with the band&#8217;s music playing in the background, <a target="_blank" href="https://www.theguardian.com/us-news/article/2024/aug/30/jack-white-trump-sue-music" rel="noreferrer noopener">according </a>to The Guardian.
This move clearly angered White, who has joined a growing list of musicians objecting to their music being used as a soundtrack for Trump&#8217;s efforts to reclaim the White House.
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On Instagram, White <a href="https://www.instagram.com/officialjackwhite/reel/C_Q6is_SO4z/?hl=en" target="_blank" rel="noreferrer noopener">expressed</a> his outrage, warning that he would pursue legal action against the campaign for using his music, adding this to Margo Martin&#8217;s already lengthy list of legal issues.
White posted, &#8220;Oh&#8230; Don&#8217;t even think about using my music you fascists. Law suit coming from my lawyers about this (to add to your 5 thousand others.)&#8221;
This spat follows a recent demand by the Swedish band Abba for Trump to cease using their music, which was featured at a campaign rally alongside footage of the group. Other prominent artists who have protested the use of their music by Trump or his staff include Céline Dion, Beyoncé, Johnny Marr of the Smiths, the family of the late soul singer Isaac Hayes, and the estate of the late Irish pop star Sinéad O&#8217;Connor, 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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Photo: Wikimedia Commons

Trump's Campaign Slapped With Lawsuit Threat After Jack White Calls Them 'Fascists'- 'You Should Lose Every Military Family's Vote Immediately!'

Former President Donald Trump will be free to sell his stake in Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) soon, but he might not have to thanks to the success of his <a href="https://www.benzinga.com/topic/mar-a-lago">Mar-a-Lago club</a>.
What Happened: Trump's Mar-a-Lago club and residence has made headlines for years and was one of the <a href="https://www.benzinga.com/general/politics/23/10/35070936/trump-on-trial-in-new-york-fraud-case-why-theres-no-jury-mar-a-lagos-1b-valuation-and-more">many talking points</a> during a civil fraud case against the former president.
Trump purchased the 1100 S. Ocean Boulevard property in Palm Beach, Florida for a reported $7 million to $8 million back in 1985.
Mar-a-Lago was valued at $18 million to $27 million by an assessor and valued at $24.15 million by Zillow. An expert who spoke on behalf of Trump's team during the civil trial said the property <a href="https://www.benzinga.com/news/23/12/36056213/elon-musk-bill-gates-and-kings-might-pay-1b-for-trumps-mar-a-lago-ex-presidents-expert-witness-to-te">could be sold</a> for $1 billion to the likes of Bill Gates or Elon Musk as it is a one-of-a-kind property.
While the $1 billion price tag is high, a new report sheds light on how much money Trump's famous property is making.
A Forbes <a href="https://www.forbes.com/sites/zacheverson/2024/08/28/profits-at-mar-a-lago-have-quadrupled-since-trump-left-the-white-house/">report</a> said profits at Mar-a-Lago have quadrupled since Trump left the White House in 2021. Among the ways the club makes money are rising membership dues, political fundraisers and other hosted events like weddings.
In 2023, the club took in around $40 million, which is double what the club made in 2019 before the COVID-19 pandemic put a damper on events. The figure is also triple what Mar-a-Lago made in 2014 before Trump started his political career.
The report says Mar-a-Lago brought in $90 million in the four years Trump was serving as the president of the United States. The three years after Trump left the White House have brought in $105 million in business.
Along the growing revenue, the annual costs to run Mar-a-Lago have mostly stayed in the $12 million to $16 million range. The profit margin went from 9% in 2011 to 60% in 2023 according to the report, with $22 million in 2023 profit.
"It is actually the best year we've ever had at Mar-a-Lago," a manager told Forbes.
The club currently caps members at 500, who pay annual dues estimated at $15,000. Initiation fees are $700,000 and could rise to $1 million soon, with Forbes said the club has started a waiting list with all 500 spots filled.
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Why It's Important: Trump's political rise and past history as a president has helped boost the notoriety of the club and also the demand for memberships and to host events at the Florida property.
With Trump owning 100% of the club, the rising profits could help the former president with his mounting legal costs and 2024 election campaign. This could be potential good news for shareholders of Trump Media &amp; Technology Group.
Trump owns 114,750,000 shares of the media company he co-founded, representing 64.9% of the company. By the end of September, Trump will be able to sell his stake in the company and maintain control, as Benzinga previously reported.
The decision of whether or not he will sell a portion or his entire stake comes as the social media stock, which owns the Truth Social network Trump frequently posts on, has hit new lows since completing a SPAC merger in March 2024.
The sale of the shares could lead to a further decline in the share price of Trump Media &amp; Technology Group shares, while also freeing up additional capital for Trump to use in his election battle against Kamala Harris.
Trump's stake is worth around $2.2 billion based on a price of $19.51 at the time of writing.
Trump Media &amp; Technology Group<a href="https://www.benzinga.com/general/politics/24/04/38298524/trump-sees-net-worth-dip-below-4b-after-truth-social-stock-tumbles-could-ex-president-sell-share" target="_blank" rel="noreferrer noopener">&nbsp;shares opened for trading&nbsp;</a>at $70.90 on March 26 when its long-awaited SPAC merger with&nbsp;Digital World Acquisition&nbsp;was completed.
While the company had a market capitalization of $8 billion and Trump&#8217;s net worth soared to $6.4 billion, the stock quickly fell after the public debut and has fallen in recent weeks after Trump&nbsp;<a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next" target="_blank" rel="noreferrer noopener">was found guilty&nbsp;</a>of 34 counts of falsifying business records.
Trump faces a $355 million fine&nbsp;<a href="https://www.benzinga.com/news/24/02/37186402/trump-slapped-with-355m-fine-3-year-ban-on-company-leadership-in-new-york" target="_blank" rel="noreferrer noopener">from a previous ruling&nbsp;</a>in a New York court, and has spent hundreds of millions on legal fees related to several court cases.
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Mar-a-Lago Profits Quadruple Since Donald Trump's Presidency, Could Money-Making Property Keep Him From Selling DJT Stake?

The two former Georgia election workers who scored a $148 million defamation victory against <a href="https://www.benzinga.com/topic/rudy-giuliani" target="_blank" rel="noreferrer noopener">Rudy Giuliani</a> are now<a href="https://www.benzinga.com/personal-finance/24/08/40165381/rudy-giulianis-bankruptcy-case-was-tossed-out-he-owes-152-million-and-lawyer-says-hell-join-rank" target="_blank" rel="noreferrer noopener"> demanding a court order to seize his assets</a>.
They want him to cough up cash, jewelry, and his expensive Upper East Side apartment and are pushing to be appointed as receivers for his Palm Beach condominium, reported Politico.
They also hit him with a federal lawsuit, accusing him of trying to dodge creditors by falsely declaring his Florida property as his primary residence to secure &#8220;homestead&#8221; protection under state law.
The actions by Georgia election workers Ruby Freeman and Shaye Moss follow a judge&#8217;s dismissal of Giuliani&#8217;s bankruptcy case, clearing the path for them to pursue his assets. Last year, Freeman and Moss secured a defamation victory against the former New York mayor for his false claims of their involvement in 2020 election fraud.
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If Freeman and Moss succeed in seizing Giuliani&#8217;s assets and placing him into receivership, it would mark another significant blow for him, Politico added. Alongside the defamation defeat, Giuliani has faced additional setbacks, including an indictment in Arizona&#8217;s fake elector case in April and disbarment in New York in July.
In a court filing, Freeman and Moss&#8217;s attorneys argued that seizing assets and implementing receivership is crucial because &#8220;Mr. Giuliani has repeatedly shown he will never willingly comply with court orders, let alone settle the Plaintiffs&#8217; judgment voluntarily,&#8221; the report added.
A spokesman for Giuliani, Ted Goodman, complained that &#8220;the justice system has been weaponized against Mayor Giuliani and so many others for strictly partisan political purposes.
&#8220;The appeal of the objectively unreasonable $148 million verdict hasn&#8217;t even been heard, yet opposing counsel continues to take steps designed to harass and intimidate Mayor Rudy Giuliani,&#8221; Goodman said, Politico added.
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Rudy Giuliani's Legal Troubles Deepen: Former Georgia Election Workers Seek To Seize Assets

The U.S. housing market is currently experiencing an unexpected surge in unsold inventory. Eight states now have more unsold homes than in 2019, indicating a significant shift in the market dynamics. The increase in unsold homes, however, is not evenly distributed across the country.
What Happened: Research firm Altos Research reported a 40% increase in homes on the market at the end of August 2024 compared to the same period last year. This equates to over 700,000 unsold single-family homes, with about 10% going into contract each week.
The rise in inventory is not uniform across the country. States like Florida and Arizona have seen a 70% increase in unsold homes compared to last year, while New York has only a 10% increase, <a href="https://www.housingwire.com/articles/eight-states-now-have-more-unsold-inventory-than-in-2019-heres-why/">reports</a> Housingwire.
Eight states &#8211; Alabama, Arkansas, Florida, Idaho, Oklahoma, Tennessee, Texas and Utah &#8211; have more unsold inventory than in 2019.
John Burns Real Estate Consulting attributes these inventory trends to migration patterns during the pandemic. Many of these states were popular destinations for inbound migration, leading to increased home construction. 
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However, the rise in mortgage rates since 2022 has slowed down migration, contributing to the inventory build-up.
Other factors, such as increased costs of homeownership, including taxes and insurance, have also contributed to the rise in unsold inventory. For instance, homeowners in Texas and Florida are grappling with higher taxes and insurance costs, respectively.
Why It Matters: The trend of unsold inventory could be a sign of a return to &#8220;normal&#8221; markets, offering more selection for homebuyers. However, it could also indicate potential price adjustments in areas with a greater supply of unsold homes. 
The housing market dynamics are influenced by a variety of factors, including migration patterns, mortgage rates, and costs of homeownership. 
Understanding these factors can help potential buyers and sellers make informed decisions.
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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.

Unsold Homes Surge, Eight States Have More Unsold Homes Than Five Years Ago

Donald Trump pointed the finger at Kamala Harris for the disappearance <a href="https://www.benzinga.com/news/24/08/40301206/scaramucci-accuses-donald-trump-of-racist-comments-against-kamala-harris">of thousands of migrant children who entered the U.S. illegally</a>.
What Happened: Trump, while addressing a rally in Pennsylvania on Friday, held Harris accountable for the uncertain location of approximately 325,000 minors.
The former president alleged that many of these children are either dead, involved in sex trafficking, or are being used as slaves within the U.S. He criticized Harris&#8217; role with the Biden administration&#8217;s border policy, asserting that she is responsible for the current state of affairs.
"Think of the number — 325,000 children are missing. Many are dead. Many are involved in sex operations. Many are working as slaves in different parts of probably this country," Trump said in Johnstown.
According to a report <a href="https://nypost.com/2024/08/30/us-news/trump-says-migrant-kids-are-sex-slaves-missing-or-dead-due-to-kamala-harris/">by</a> the New York Post, the Department of Homeland Security&#8217;s Inspector General has disclosed that 323,000 young migrants have either missed their immigration court hearings or were released from custody but have not been contacted for subsequent proceedings.
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The accusations by Trump come at a time when there is a spike in illegal border crossings into the U.S. Republicans have been arguing that the Biden administration&#8217;s policy of allowing unaccompanied migrant children to stay in the US could lead to an increase in minors entering the country illegally.
"Now she says, ‘I wasn't the border czar,' but she was. It was headlines — ‘border czar', ‘border czar' — but now she doesn't want that term. But whether she was border czar or not, she was in charge of the border. 325,000 children are missing," he added. 
Trump also vowed to support fracking and drilling in Pennsylvania and criticized Harris for compromising the country&#8217;s energy independence. He assured to make America the leading energy producer globally and to reduce energy bills by half within a year.
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"She's vowed repeatedly to ban fracking. Then she said, ‘I'm in favor of fracking,'" Trump said, referencing Harris' stunning flip-flop on the issue Thursday.
"The people of Pennsylvania are smart," he continued. "They will not fall for it. If you do not have fracking, you do not have a commonwealth."
"We will carry out the largest deportation operation in American history," Trump pledged, predicting that under a Harris presidency, four years from now, "over 100 million" illegal migrants will have entered the country under President Joe Biden and Harris.&nbsp;&nbsp;
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Regarding the border crisis, Trump repeated his plan to secure the border and halt the influx of migrants into the country. He pledged to execute the largest deportation operation in American history and projected that under a Harris presidency, more than 100 million migrants will enter the country.
Why It Matters: The issue of missing migrant children has been a contentious topic in the U.S. The recent accusations by Trump highlight the ongoing debate over immigration policies and their impact on unaccompanied minors. 
The situation underscores the need for comprehensive immigration reform and better tracking mechanisms to ensure the safety and well-being of these children.
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Donald Trump Blames Kamala Harris For Trafficking Of Migrant Children

Donald Trump is adept at identifying people who are weaker than he is, said his niece <a href="https://www.benzinga.com/topic/mary-trump">Mary Trump</a> in a post on Friday.
Trump&#8217;s Psyche: Donald Trump is in the habit of threatening judges and juries, and intimidating witnesses and their families, <a href="https://www.marytrump.org/p/letting-it-slide">said</a> Mary Trump, a psychologist who is also an author and podcaster. Her comments came against the backdrop of the controversy over the former president&#8217;s campaign officials abruptly pushing aside a Arlington National Cemetery employee earlier this week.
Mary Trump said her uncle &#8220;likes it when his supporters get violent on his behalf and he gets off on the fear inspired by their violence.&#8221; She added, &#8220;Threatening people into silence is at the heart of Donald's &#8216;leadership&#8217; style.&#8221;
The podcaster said bullying is often how Donald Trump gets his way and a tactic he uses to evade responsibility.
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Why They Fall In Line? A long line of Republicans, reporters, pundits, administration officials and media outlets fall in line with Donald Trump because standing up to him would keep them out of the power structure they are addicted to or without the access they need, his niece said.
Even the Arlington National Cemetery employee, though having a filed a report regarding her assault, has declined to press charges as she feared retribution, Mary Trump said, citing a New York Times report. 
&#8220;Private citizens are afraid to do the right thing because the Republican nominee to be president of the United States is a low-life criminal who doesn't care what happens to anybody but him — as long as he gets his way,&#8221; Mary Trump said.
Mary Trump is the daughter of Donald Trump&#8217;s late brother Fred Trump Jr., who had a fallout with his father on account of which the family inheritance went to the former president. She identifies herself as a Democrat and has been actively voicing her opinions against her uncle on social-media platforms.
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Mary Trump Says Ex-President Likes When Supporters Get Violent For Him: 'Threatening People Into Silence' Is Donald Trump's 'Leadership' Style

In a recent interview at the Aspen Institute Festival, billionaire investor Peter Thiel opened up about his controversial comment where he labeled Warren Buffett as a &#8220;sociopathic grandpa from Omaha." He made the comment in 2022, and it certainly raised some eyebrows at the time as Buffett is highly regarded in the investing community.
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"It got a lot of laughs," Thiel said during the <a href="https://www.youtube.com/live/B3ZXrTzskw0?si=IebjD0gcUUdBoqjN">interview</a>. He explained that the &#8220;sociopathic grandpa from Omaha&#8221; comment came during a speech at the <a href="https://www.benzinga.com/digital-assets">Bitcoin conference</a>, where he pointed out who he thought were Bitcoin&#8217;s biggest opponents. Besides Buffett, he also called out <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38776144/jpmorgan-reports-760k-spot-bitcoin-etf-holdings-even-as-ceo-jamie-dimon-called-for-shuttin">JPMorgan Chase CEO Jamie Dimon</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39782508/why-blackrocks-larry-fink-believes-everyone-should-take-another-look-at-bitcoin">BlackRock's Larry Fink</a>. Thiel believes that older, traditional finance leaders like Buffett are a major roadblock to Bitcoin gaining wider acceptance.&nbsp;
Thiel went on to explain his perspective, saying, "Cryptocurrencies were a revolutionary youth movement, but for them to really take over, you couldn't just have a student uprising like 1968. You needed to get the rest of society on board. And as long as the old people were going to sit on their hands, that was the big blocker for cryptocurrencies to go to the next level."
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When asked if he still stands by his remarks, Thiel admitted that things have changed in the Bitcoin world, especially with the introduction of a Bitcoin ETF. However, he's not sure if Bitcoin still has the same rebellious, anti-establishment vibe it used to have. "When people in the FBI tell me that they&#8217;d much rather have criminals use Bitcoin than $100 bills, it suggests that maybe it&#8217;s not quite working the way it was supposed to," he stated.
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Thiel also admitted that while he still owns some Bitcoin, he's not as confident about its future as he used to be. "I still have a small position. It probably still can go up some, but it's going to be a volatile, bumpy ride," he noted.
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Although his original comments are controversial, and he still stands by them, Thiel seems to take it all in stride. For him, the remark about Buffett was part of a broader narrative about the clash between old and new financial systems. And if it got people laughing — and thinking — that's all the better.
Thiel isn't the only one who thinks this way. SkyBridge Capital founder Anthony Scaramucci also criticized traditional finance leaders who are skeptical of cryptocurrency. Scaramucci suggested that people like Buffett and Dimon either haven't looked into crypto enough or find it too much to handle at this stage in their careers.
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Startups

Peter Thiel Defends Calling Warren Buffett A 'Sociopathic Grandpa From Omaha'

Mark Cuban, the owner of the Dallas Mavericks, has revealed a revamped offensive role <a href="https://www.benzinga.com/news/23/02/30870136/mark-cuban-shares-biggest-misconception-about-becoming-super-rich-and-how-his-friend-feel-about-it-1">for the team&#8217;s new acquisition, Klay Thompson</a>.
What Happened: During an episode of Jalen Brunson's Roommates Show podcast, Cuban shared his vision for Thompson&#8217;s role in the team. 
During the <a href="https://www.youtube.com/watch?v=Z9H-9u9EZ1k&amp;feature=youtu.be">show</a>, he indicated that Thompson&#8217;s responsibilities on the court will be significantly less than what he had at the Golden State Warriors. Cuban&#8217;s plan for the upcoming NBA season is to utilize Thompson&#8217;s renowned sharpshooting skills in a &#8220;catch and shoot&#8221; capacity.
Thompson, aged 34, signed a three-year, $50 million contract with the Mavericks in July, marking the end of his tenure with the Warriors, his only previous team. 
"Obviously, the big addition was Klay. Just somebody who you have to face guard, who's going to make 40%. You know at Golden State, he had to always be on the move. They had that motion offense where he was always coming off the screens and running, &#8221; Cuban said. 
Also Read: <a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires">Here&#8217;s How Mark Cuban Made 91% Of His Employees Millionaires</a>
&#8220;We don't do that, or not nearly as much. I'm sure we'll run some of that action for him, but just standing in the corner and standing in the wings, and just catch and shoot from Luka and Ky. Hopefully his life is going to be a lot easier," he added. 
Despite a decline in his shooting performance in the last season, Thompson is still considered a formidable outside threat with his ability to stretch defenses.
According to Cuban, Thompson&#8217;s role will be more simplified, which could prove beneficial for the Mavericks. This comes in light of Thompson&#8217;s recent slump in performance, where he posted his lowest scoring output since the 2012-13 season.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/03/38013062/mark-cuban-reveals-the-one-reason-he-wont-vote-for-donald-trump-and-why-joe-biden-is-the-better-lead" target="_blank" rel="noreferrer noopener">Mark Cuban Reveals The One Reason He Won't Vote For Donald Trump And Why Joe Biden Is The Better Leader: ‘To Me, That Says Everything'</a>
Why It Matters: Thompson&#8217;s move to the Mavericks and the subsequent shift in his role signifies a strategic change for the team. 
His simplified &#8220;catch and shoot&#8221; role could potentially maximize his shooting prowess while minimizing the pressure on him. This could lead to a resurgence in his performance, which dipped last season.
Moreover, Thompson&#8217;s experience and skills could prove instrumental in bolstering the Mavericks&#8217; offensive capabilities. This strategic move by Cuban could be a game-changer for the Mavericks in the upcoming NBA season.
Read Next:
<a href="https://www.benzinga.com/news/24/08/40543916/mark-cuban-backs-kamala-harris-seeing-a-new-business-friendly-democratic-party">Mark Cuban Backs Kamala Harris, Seeing A New Business-Friendly Democratic Party</a>
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.

Sports

Mark Cuban's NBA Strategy for Klay Thompson With Mavericks: 'Obviously The Big Addition Was Klay, Hopefully His Life Is Going To Be A Lot Easier'

Vice President Kamala Harris issued an ambitious housing proposal, aiming to tackle America&#8217;s persistent affordability crisis. But real estate experts are divided on whether her plan can deliver results.
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At the core of Harris&#8217; strategy is a push to build 3 million new housing units over four years. It&#8217;s a lofty goal that would require unprecedented cooperation between government and private industry.
"The major flaw is that it tries to do too much," said Daryl Fairweather, chief economist at Redfin. "Its success depends on all of its various components being implemented in perfect synchrony and harmony, which would require Congress&#8217;s complete – and unlikely – cooperation."
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The plan&#8217;s centerpiece is a first-ever tax incentive for builders of starter homes. It&#8217;s an idea that&#8217;s garnered cautious optimism from some corners of the industry. &#8220;This should help in places where land is too expensive to build a profitable starter home,&#8221; said Erik Engquist, senior managing editor at real estate news outlet The Real Deal.
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Harris also wants to expand the Low Income Housing Tax Credit, a proven tool for spurring affordable rental construction. But the vice president&#8217;s bolder ideas are raising eyebrows.
A proposed $40 billion innovation fund aims to kickstart &#8220;local solutions&#8221; for housing development. Engquist argues that it&#8217;s too vague. "Harris says this would ‘empower local governments to fund local solutions to build housing,' ‘support innovative methods of construction financing' and ‘empower developers and homebuilders to design and build rental and housing solutions that are affordable.' The first of those would be ineffective in the many localities that don't want more housing. The second and third proposals are too vague yet to assess. But getting Congress to pony up $40 billion for this seems like a long shot."
Perhaps most notably, Harris suggests repurposing federal land for affordable housing. &#8220;Sounds plausible," Engquist said. "But will this land be near job centers or out in the boonies?&#8221;
The plan also takes aim at Wall Street. Harris backs legislation to curb tax benefits for large-scale investors in single-family rentals. It&#8217;s a move that&#8217;s likely to face pushback from the real estate lobby.
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For would-be homeowners, Harris <a href="https://www.benzinga.com/real-estate/24/08/40441654/25-000-to-buy-your-first-home-harris-proposes-game-changing-assistance-for-new-buyers-but-will-it-wo">proposes an average of $25,000 in down payment assistance</a>. While it could expand the buyer pool, some economists warn it might also drive up home prices in the short term.
"If demand increases more than supply, home prices and rents will soar even higher," Redfin's Fairweather cautioned.
Republicans have their own ideas, the Real Deal noted. The GOP platform mentions reducing mortgage rates by tackling inflation, though experts point out that the Federal Reserve, not the White House, controls interest rates.
As the 2024 campaign goes on, housing affordability is positioned to be a major battleground. With millions of Americans feeling the squeeze of high rents and out-of-reach home prices, both parties are scrambling for solutions.
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Tax Incentives And Federal Land: Kamala Harris' Housing Plan Under The Microscope As Real Estate Experts Analyze The Proposal

Billionaire investor Warren Buffett shared some career advice as his company, Berkshire Hathaway, hit a $1 trillion market cap &#8211; a milestone that <a href="https://www.benzinga.com/news/24/01/36815518/this-is-how-much-warren-buffetts-company-missed-out-on-by-dumping-costco-stock-in-2020">coincides with Buffett&#8217;s 94th birthday</a>.
What Happened: The &#8220;Oracle of Omaha&#8221; has had a significant week. Berkshire Hathaway reached a market capitalization of $1 trillion on Wednesday. Buffett also celebrated his 94th birthday on Friday, with no intentions of retiring.
Buffett, who has led Berkshire Hathaway since 1965, offered his unique viewpoint on career decisions. He suggested to those seeking employment to &#8220;take the job that you would take if you didn&#8217;t need the job.&#8221;
"You want to be doing something you would do if you didn't need the money. And most people do need the money. But if you're in the position where you don't, you should be doing what you would if you didn't need the money," Buffett once <a href="https://www.youtube.com/watch?v=kqI29Jv-uH0&amp;t=331s">told</a> Fortune.
He added that he still finds joy in his role at Berkshire Hathaway, despite not needing to continue to work out of financial necessity.
Also Read: <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">Warren Buffett&#8217;s Success Mantra: &#8216;The Amount You Are Loved Is The Ultimate Measure Of Success In Life&#8217;</a>
Buffett admitted that his energy levels aren&#8217;t as high as they used to be, but feels lucky to be in an industry that allows him to continue working. He also confirmed that Greg Abel, his chosen successor, will assume control when he chooses to retire.
"I am fortunately in a business where even though my muscles are gone, my balance is gone, my stamina is gone, it doesn't make any difference in what I do, so I am very lucky in that way," Buffett added.&nbsp;
Why It Matters: Buffett&#8217;s career advice comes at a time when his company has reached a significant milestone. His insights, drawn from decades of experience in the industry, could be invaluable for those navigating their career paths. 
Furthermore, the confirmation of Greg Abel as his successor provides a sense of continuity for Berkshire Hathaway, ensuring that the company is in capable hands when Buffett decides to step down.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Success Stories

Warren Buffett's Career Advice: 'Don't Think About Money, Take The Job That You Would Take If You Didn't Need The Job'

The battle over consumer spending on food and household items continues to heat up and big-box retailers may be taking more market share from dollar stores <a href="https://www.benzinga.com/topic/retail-stocks">across several categories</a>.
What Happened: Discount retailer Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) recently <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">reported second-quarter financial results</a> that saw revenue and earnings per share both miss estimates from analysts.
The company also lowered its full-year revenue and earnings per share outlook as the company may be losing market share to larger competitors Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>).
Dollar General was asked about competition during its second-quarter conference call.
"We fundamentally don't believe at all that the model is structurally challenged. But there are challenges to the business as this quarter indicated," Dollar General CEO Todd Vasos said.
Vasos said the company is gaining market share from new store openings. The CEO brushed off concerns of competition and placed the blame on the weaker than expected quarter on the financial constraint of the company's core customer who makes under $35,000 annually.
"What we also saw was that while we're not losing share, we're actually gaining share against all classes of trade in the consumable realm."
Vasos said the company is not seeing any competitor take Dollar General's core customer.
"We continue to feel very good about our everyday low-price position relative to competitors and other classes of trade."
Dollar General shares trade at $86.43 versus a 52-week trading range of $83.76 to $151.22. Dollar General stock is down 38.5% year-to-date as seen on the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="496" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30123522/Screenshot-155.png" alt="" class="wp-image-523709" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30123522/Screenshot-155.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30123522/Screenshot-155-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/30123522/Screenshot-155-768x382.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Read Also: <a href="https://www.benzinga.com/markets/equities/24/08/40643827/dollar-general-says-majority-of-people-who-shop-there-feel-worse-off-financially-compared-with-6">Dollar General Says Majority Of People Who Shop There &#8216;Feel Worse Off Financially&#8217; Compared With 6 Months Ago Amid Price Hikes, Softer Employment Levels</a>
Walmart, Target Winning: Walmart and Target have both recently reported financial results and shown strength of consumer spending.
Walmart <a href="https://www.benzinga.com/news/earnings/24/08/40391777/walmart-q2-earnings-e-commerce-and-advertising-businesses-fuel-revenue-and-profit-beat-hikes-annual">beat revenue and earnings</a> per share estimates from analysts. The company also raised full year financial guidance. Walmart reported a 4.2% increase in U.S. same store sales.
Several analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40420968/walmart-stock-one-of-the-most-compelling-retail-investments-7-analysts-highlight-ma">highlighted the results</a> showing Walmart winning market share across multiple income levels, which could indicate taking market share from the core dollar store customer.
Target also <a href="https://www.benzinga.com/news/earnings/24/08/40482203/target-q2-earnings-revenue-and-profit-beat-digital-sales-boost-annual-profit-outlook-hiked">beat revenue and earnings </a>per share estimates from analysts in its recently reported quarter.
Both Walmart and Target have expanded their product assortments and are focusing on the consumer who continues to be impacted by above average inflation. Both retailers are leaning into private label brands that have cheaper price points and on expanding lower cost options across a variety of product categories.
While Dollar General isn't worried about competition, the results from Walmart and Target might say otherwise.
Walmart shares trade at $76.59 versus a 52-week trading range of $49.85 to $76.75. Walmart stock is up 44% year-to-date in 2024.
Target shares trade at $152.77 versus a 52-week trading range of $102.93 to $181.86. Target stock is up 7% year-to-date in 2024.
Dollar Tree Up Next: Discount retailer Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), which owns the namesake Dollar Tree brand along with Family Dollar, could continue to illustrate the market share losses for dollar stores to big-box retailers.
Dollar Tree reports second-quarter financial results on Wednesday, Sept. 4. Analysts expect the company to report earnings of $1.04 per share and revenue of $7.49 billion according to data <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent083024&amp;t=be2bearmibe3na1">from Benzinga Pro.</a>
The company reported earnings of 91 cents and revenue of $7.33 billion in last year's second quarter. Analysts see both figures increasing for this year. The earnings report could show whether Dollar Tree is seeing increased competition from other retailers.
Investors and analysts may pay particular attention to the conference call when questions about competition could come up. The company's commentary on market share, competition and core customers could show whether Walmart and Target are major concerns for the retailer.
Dollar Tree has missed earnings estimates from analysts in three of the last five quarters and beat revenue estimates in three of the last five quarters.
Dollar Tree shares trade at $84.29 versus a 52-week trading range of $83.76 to $151.22. Dollar Tree stock is down 41% year-to-date in 2024.
Read Next: 
<a href="https://www.benzinga.com/markets/equities/24/08/40634810/inflation-is-eating-into-sales-of-companies-across-the-board-even-this-household-food-name">Inflation Is Eating Into Sales Of Companies Across The Board, Even This Household Food Name</a>

DLTR

Walmart, Target Are Eating Dollar Stores' Lunch: Dollar General Lowers Guidance, Will Dollar Tree Be Next?

Donald Trump&#8216;s initially unclear position on a Florida abortion rights measure has drawn attention, with former Trump communications director Anthony Scaramucci suggesting that <a href="https://www.benzinga.com/news/24/08/40301206/scaramucci-accuses-donald-trump-of-racist-comments-against-kamala-harris">Trump&#8217;s inconsistent statements could lead to complications</a>.
What Happened: Trump displayed uncertainty regarding his voting decision on a Florida amendment intended to broaden abortion rights. 
While Trump criticized Florida&#8217;s law prohibiting most abortions after six weeks as &#8220;too brief,&#8221; he did not initially say how he would vote on the ballot measure this fall. On Friday, Trump said he would vote against the amendment.
Read Now: <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&#8217;s Campaign Settled To Keep Discrimination And Sexual Harassment Lawsuits Quiet</a> 
<a href="https://edition.cnn.com/2024/08/30/politics/video/anthony-scaramucci-donald-trump-abortion-sot-tsr-digvid">In</a> a CNN interview before Trump&#8217;s statement, Scaramucci highlighted Trump&#8217;s pattern of issuing contradictory statements, suggesting this could be a tactic to attract diverse voter groups. He cautioned, however, that this approach could backfire, as many pro-life conservatives might refrain from voting for Trump due to his vague stance on abortion.
Also Read: <a href="https://www.benzinga.com/24/08/40429823/anthony-scaramucci-says-donald-trumps-divisive-tactics-will-lead-to-the-first-african-american-woman">Anthony Scaramucci Says Donald Trump&#8217;s Divisive Tactics Will Lead To &#8216;The First African-American Woman President&#8217;</a>
&#8220;He&#8217;s in trouble. He knows it,&#8221; Scaramucci stated, adding that Trump understands the challenge of persuading women, including conservative ones, to &#8220;surrender their reproductive freedoms.&#8221;
&#8220;He&#8217;s done a very good job over the last nine years of saying two contradictory things at the exact same time in giving enough food for everybody at the table,&#8221; Scaramucci said.
During the interview, Scaramucci referenced similar situations from the past, such as Trump&#8217;s controversial remark about &#8220;very fine people&#8221; after the violent &#8220;Unite the Right&#8221; rally in Charlottesville, Virginia.
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&#8220;A day later he denounced it,&#8221; Scaramucci added. &#8220;This way the people who are gaslit by Donald Trump, they can hang on to those sentences and those words. So that&#8217;s what he&#8217;s doing right now. He&#8217;s shotgunning out statements and words.&#8221;
However, Scaramucci said that conservatives have called Trump and warned he can&#8217;t do that, as many pro-life conservatives won&#8217;t vote for him. 
&#8220;Trump, needing every vote in such a tight race, equivocates,&#8221; he added.
Why It Matters: Trump&#8217;s ambiguous stance on the Florida abortion rights measure reflects a broader trend of political figures attempting to appeal to diverse voter bases by avoiding clear positions on contentious issues. 
However, as Scaramucci pointed out, this strategy can be risky, potentially alienating key voter groups. In this case, Trump&#8217;s unclear position could deter pro-life conservatives, a significant portion of his voter base, from supporting him in future elections. 
His subsequent decision to vote against the amendment may be an attempt to mitigate this risk, but it remains to be seen how this will impact his overall support.
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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.

Scaramucci: 'Trump Is In Trouble And He Knows It', Slams Him On Conflicting Abortion Statements: 'He's Shotgunning Out Statements And Words'

As Donald Trump campaigns for a return to the White House, his latest financial disclosure offers a look into the investment strategy of the businessman-turned-politician. The Aug. 13, 2024, filing shows a portfolio that spans from high-flying tech stocks to reliable dividend payers. Outside of the individual stocks Trump owns, his disclosure lists real estate holdings valued in the hundreds of millions, and government bonds valued in the millions.
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If Trump were a money manager, he might be defined as one who balances growth potential with steady income.
While Trump&#8217;s 64.9% stake in Trump Media &amp; Technology Group dwarfs his other holdings at $2.4 billion, his investments in other companies are substantial and diverse. The former president has placed large bets on multiple <a href="https://www.benzinga.com/topic/magnificent-seven">‘magnificent seven' stocks</a>, with stakes valued between $500,001 and $1 million each in Apple, Microsoft and NVIDIA.
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Those holdings suggest Trump has embraced <a href="https://www.benzinga.com/news/large-cap/23/06/32677325/wall-street-banks-are-embracing-ai-heres-what-theyre-up-to">Wall Street&#8217;s enthusiasm for artificial intelligence (AI)</a>, the nascent sector that has driven much of the market&#8217;s gains in recent months. His portfolio also includes positions in other magnificent seven stocks, including Alphabet and Amazon, valued between $100,000-$250,000 and $250,000-$500,000 respectively.
But the former president's strategy extends beyond Silicon Valley darlings. His disclosure lists hundreds of individual stocks, including positions in financials like JPMorgan Chase and Warren Buffett&#8217;s Berkshire Hathaway.
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Trump&#8217;s portfolio also features a significant number of dividend stocks, which include household names like Coca-Cola, Johnson &amp; Johnson and Procter &amp; Gamble. Here's a look at some of the stocks Trump owns that are valued at more than $15,000.
<ul>
<li>Apple Inc ($500,000 &#8211; $1,000,000)</li>
<li>Microsoft Corp ($500,000 &#8211; $1,000,000)</li>
<li>Nvidia Corp ($500,000 &#8211; $1,000,000)</li>
<li>Amazon.com, Inc ($250,000 &#8211; $500,000)</li>
<li>Alphabet Inc (Google) ($100,000 &#8211; $250,000)</li>
<li>Meta Platforms Inc ($100,000 &#8211; $250,000)</li>
<li>Berkshire Hathaway Inc ($100,000 &#8211; $250,000)</li>
<li>PepsiCo Inc ($100,000 &#8211; $250,000)</li>
<li>JPMorgan Chase &amp; Co ($100,000 &#8211; $250,000)</li>
<li>Tesla Inc ($50,000 &#8211; $100,000)</li>
<li>Coca-Cola Co</li>
<li>Exxon Mobil Corp</li>
<li>Chevron Corp</li>
<li>Home Depot Inc</li>
<li>McDonald's Corp</li>
<li>AbbVie Inc</li>
<li>Adobe Inc</li>
<li>Broadcom Inc</li>
<li>Booking Holdings Inc</li>
<li>Caterpillar Inc</li>
<li>Cisco Systems Inc</li>
<li>ConocoPhillips</li>
<li>Lockheed Martin Corp</li>
<li>Netflix Inc</li>
<li>Pfizer Inc</li>
<li>Qualcomm Inc</li>
<li>Union Pacific Corp</li>
<li>United Parcel Service, Inc.</li>
</ul>
As the 2024 election race goes on, Trump&#8217;s investment choices may face increased scrutiny. His stake in Trump Media &amp; Technology Group, which owns the social media platform Truth Social, is likely to be the most talked about Trump holding.
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The &#8220;lockup&#8221; agreement preventing insiders from selling shares is set to expire in late September, potentially allowing Trump to cash out some of his $2.4 billion position. According to the disclosures, Trump owns 114,750,000 shares of the media brand or 64.9% of the entire company.
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</ul>

What Stocks Does Donald Trump Own? New Financial Disclosure Revealed

RHI Magnesita NV (GB:RHIM) has released an update. RHI Magnesita N.V., the global leader in refractory products, has disclosed a transaction involv...

RHI Magnesita Executive Buys Company Shares

RHI Magnesita NV (GB:RHIM) has released an update. RHI Magnesita N.V., a non-UK issuer, has reported a significant change in ownership as Rhône Cap...

RHI Magnesita Reports Major Stake Acquisition by Rhône Capital

In a report released on June 19, Patrick Steiner from Kepler Capital maintained a Buy rating on RHI Magnesita NV (RHIM – Research Report), with a p...

Kepler Capital  Remains a Buy on RHI Magnesita NV (RHIM)

In a report released yesterday, Mark Fielding from RBC Capital maintained a Hold rating on RHI Magnesita NV (RHIM – Research Report), with a price ...

RHI Magnesita NV (RHIM) Gets a Hold from RBC Capital

RHI Magnesita NV (GB:RHIM) has released an update. RHI Magnesita NV, the global leader in refractory products, is set to announce its half-year fin...

RHI Magnesita to Unveil Mid-Year Financials

RHI Magnesita NV (GB:RHIM) has released an update. RHI Magnesita N.V. reported stable revenue year-on-year at €1,728 million despite a challenging ...

RHI Magnesita Maintains Stability Amid Market Challenges

Berenberg Bank analyst Anthony Plom reiterated a Buy rating on RHI Magnesita NV (RHIM – Research Report) today and set a price target of p4,150.00....

Berenberg Bank Remains a Buy on RHI Magnesita NV (RHIM)

In a report released on July 24, Patrick Steiner from Kepler Capital maintained a Buy rating on RHI Magnesita NV (RHIM – Research Report), with a p...

RHI Magnesita NV (GB:RHIM) has released an update. RHI Magnesita's CEO, Stefan Borgas, has made an initial notification of purchasing the company's...

RHI Magnesita CEO Buys Company Shares

RHI Magnesita NV (GB:RHIM) has released an update. Karl Sevelda, Non-Executive Director of RHI Magnesita, has made an initial notification of a sal...

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