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Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company. Its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.

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The past week has been a rollercoaster ride for the U.S. economy. From a surprising surge in job growth to predictions of market euphoria topping soon and Elon Musk&#8217;s alarming bankruptcy prediction for the U.S., there&#8217;s a lot to unpack.
Let&#8217;s dive into the top stories of the week.
US Economy Adds 254,000 New Jobs In September
The U.S. labor market showed signs of robust health as it added 254,000 nonfarm payroll jobs in September, a significant improvement over August&#8217;s revised figure of 159,000. This pace of job creation exceeded economist forecasts, sparking fresh optimism for the labor market&#8217;s resilience.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41184080/us-economy-adds-254-000-new-jobs-in-september-smashes-expectations-unemployment-f">Read the full article here.</a>
Billionaire Investor Predicts Market Euphoria Will Top Soon
Mark Spitznagel, co-founder of Universa Investments, warns that the current market euphoria, spurred by the Federal Reserve&#8217;s rate cuts and China&#8217;s stimulus measures, won&#8217;t last. He predicts a looming recession and believes the current rally is only temporary. Spitznagel also foresees a future stagflation where the Fed&#8217;s actions won&#8217;t be enough to save the economy.
<a href="https://www.benzinga.com/news/24/10/41132441/billionaire-investor-who-predicted-2000-2008-crashes-says-market-euphoria-will-top-soon-warns-of-bla">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/09/40752387/treasury-yields-plunge-tlt-etf-tops-100-vix-spikes-as-50-basis-point-rate-cut-odds-soar-in-respo?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Treasury Yields Plunge, TLT ETF Tops $100, VIX Spikes As 50-Basis-Point Rate Cut Odds Soar In Response To Jobs Data</a>
&#8216;Blowout&#8217; September Jobs Report Spurs Reactions
The September jobs report came in hotter than predicted, with U.S. payrolls increasing by 254,000 and the unemployment rate surprisingly slipping to 4.1%. These robust numbers have sparked a fresh debate among economists about the Federal Reserve&#8217;s next move, with many leaning toward a more gradual approach to rate cuts.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41187740/blowout-september-jobs-report-spurs-reactions-6-economists-say-aggressive-fed-rat">Read the full article here.</a>
Elon Musk Says America &#8216;Headed For Bankruptcy&#8217;
Elon Musk expressed concerns over the financial trajectory of the U.S., suggesting the nation is on the brink of bankruptcy. This comes after Federal debt increased by $204 billion on the first day of the new fiscal year, jumping to a new record of $35.669 trillion.
<a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41164206/elon-musk-says-america-headed-for-bankruptcy-as-national-debt-skyrockets-204b-in-">Read the full article here.</a>
Larry Summers Slams Fed&#8217;s September Rate Cut
Larry Summers, former Treasury Secretary, has expressed disapproval of the Federal Reserve's decision to cut interest rates last month, terming it a misstep in the face of the latest U.S. job growth data.
<a href="https://www.benzinga.com/news/24/10/41195198/former-treasury-secretary-larry-summers-slams-feds-september-rate-cut-saying-it-was-a-mistake-todays">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41137481/nasdaq-s-p-futures-sag-as-downside-risks-intensify-oil-spikes-nike-slides-why-this-strategist-is-ex?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P Futures Sag As Downside Risks Intensify, Oil Spikes, Nike Slides: Why This Strategist Is Expecting &#8216;Stronger&#8217; Second-Half Of October</a></li>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Media

US Job Growth Surges, Market Euphoria Predicted To Top, And Musk Foresees Bankruptcy: This Week In Economics

Elon Musk, the CEO of X and Tesla Inc., joined former President Donald Trump at<a href="https://www.benzinga.com/news/24/10/41178472/trump-says-hes-going-back-to-butler-site-of-first-assassination-attempt-elon-musk-chimes-in-ill-be-t"> a rally in Butler, Pennsylvania,</a> to criticize the Democratic Party.
What Happened: Musk shared the stage with former President Trump at his rally on Saturday. Musk made accusations against Democrats, claiming they aim to deprive citizens of their fundamental rights, including freedom of speech, the right to bear arms, and the right to vote.
&#8220;They want to take away your freedom of speech, they want to take away your right to bear arms, they want to take away your right to vote, effectively,&#8221; Musk declared.
The rally was held at the same venue where an assassination attempt on Trump took place in July. Musk, who has been increasingly active in this presidential election, endorsed Trump, who introduced him prior to his speech.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8;ELON MUSK FOR TRUMP: &quot;This is a man who has COURAGE UNDER FIRE!&quot; &quot;This is the most important election. They want to take away your arms. They want to take away your freedom of speech. They want to take away your ability to have fair elections.&quot; &quot;Free speech is the bedrock… <a href="https://t.co/EqlJepSePb">pic.twitter.com/EqlJepSePb</a>
&mdash; Autism Capital &#x1f9e9; (@AutismCapital) <a href="https://twitter.com/AutismCapital/status/1842700555342463338?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/10/41132441/billionaire-investor-who-predicted-2000-2008-crashes-says-market-euphoria-will-top-soon-warns-of-bla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Billionaire Investor Who Predicted 2000, 2008 Crashes Says Market Euphoria Will Top Soon, Warns Of &#8216;Black</a>
Musk&#8217;s remarks were a direct attack on the Democratic party and President Joe Biden. He stated, &#8220;The true test of someone's character is how they behave under fire. We had one president who couldn't climb a flight of stairs and another who was fist pumping after getting shot.&#8221;
Musk has also shown support for the Save America PAC, a group that has been instrumental in voter mobilization for the Trump campaign. He encouraged rally attendees to register to vote, making an unverified claim that 2024 would be &#8220;the last election&#8221; if Democrats win the White House.
Why It Matters: Democrats have been pushing for broader voting rights laws and stricter gun control measures in response to years of mass shootings. However, their presidential nominee, Vice President Harris, has consistently stated that she is not seeking to confiscate firearms from gun owners.
Musk&#8217;s recent political involvement has been a topic of discussion. He has been using his social media platform, X, to <a href="https://www.benzinga.com/news/24/09/41082363/heres-how-elon-musk-has-become-a-pro-trump-political-influencer-through-social-media">amplify conservative viewpoints</a> and has become a prominent online advocate for Trump. His increased political activity, combined with his wealth and online presence, could potentially be advantageous for Trump, as suggested by political analysts.
His endorsement of Trump has been particularly noteworthy. Musk, who is also the CEO of SpaceX, has stated that the future of human exploration on <a href="https://www.benzinga.com/news/24/10/41195209/elon-musk-says-humanity-will-never-reach-mars-unless-trump-wins-this-is-existential">Mars is contingent on the re-election of Trump </a>and the reduction of what he calls &#8220;smothering regulations.&#8221; 
Read Next: <a href="https://www.benzinga.com/news/24/10/41169360/elon-musk-paid-1-million-for-a-1976-car-that-inspired-cybertrucks-design-seller-originally-bought-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Paid $1 Million For A 1976 Car That Inspired Cybertruck&#8217;s Design – Seller Originally Bought It</a>
Image Via Shutterstock
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.

Politics

General

Elon Musk And Trump Address Thousands At Site Of Failed Assassination Attempt, Take Aim At Biden's Leadership: 'We Had One President Who Couldn't Climb A Flight Of Stairs'

The leaders of China and North Korea have pledged to enhance their bilateral cooperation on the occasion of the 75th anniversary of their diplomatic relations.
What Happened: Chinese President Xi Jinping has expressed his commitment to the development of China-DPRK relations in a message to North Korean leader Kim Jong Un. Xi highlighted the significance of their relationship, referring to several meetings, personal letters, and messages exchanged over the years, the state news agency KCNA reported.
Xi conveyed that China is ready to &#8220;write a new chapter&#8221; in their relations through increased communications and cooperation. China is North Korea&#8217;s largest trading partner, with a shared history that traces back to Beijing&#8217;s support of Pyongyang during the Korean War (1950-1953).
Despite this, China has been cautious about North Korea&#8217;s growing ties with Russia, especially after the signing of a strategic treaty that includes mutual defense elements.
Kim, in his message to Xi, also pledged to &#8220;steadily strive to consolidate and develop the friendly and cooperative relations between the DPRK and China as required by the new era.&#8221; 
On the eve of the anniversary, Kim oversaw a live artillery firing by graduates of the O Jin U Artillery Academy, a facility that trains the backbone of North Korea&#8217;s artillery force. He also reiterated the country&#8217;s willingness to use all available offensive forces, including nuclear weapons, to defend its sovereignty.
Why It Matters: The recent pledge of enhanced cooperation between China and North Korea comes at a time of heightened tensions in the region. Just last month, Kim&#8217;s sister, Kim Yo Jong, <a href="https://www.benzinga.com/news/24/09/41080855/kim-jong-uns-sister-says-us-making-incredible-mistake-by-giving-8b-in-military-aid-to-ukraine-should">publicly denounced the United States&#8217; decision</a> to supply $8 billion in military aid to Ukraine, describing it as &#8220;an incredible mistake&#8221; and a perilous provocation against Russia, a nation armed with nuclear weapons.
Kim&#8217;s recent pledge to further develop friendly and cooperative relations with China also follows his <a href="https://www.benzinga.com/news/24/10/41181104/kim-jong-un-threatens-nuclear-retaliation-against-south-korea-if-attacked">stark warning to South Korea</a>, threatening nuclear retaliation if North Korea&#8217;s sovereignty is compromised. These developments indicate a complex geopolitical landscape in the region, with China and Russia playing significant roles.
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.
Image via Executive Office of the President of the United States

Global

Kim Jong Un And Xi Jinping Vow To 'Write A New Chapter' In China-North Korea Cooperation: 'Develop The Friendly And Cooperative Relations...As Required'

Kamala Harris is clarifying her economic stance as she gears up for the 2024 presidential race. One of her key targets? Donald Trump&#8217;s approach to tariffs. In a recent <a href="https://www.youtube.com/watch?v=36ovmQj7gbQ">interview</a>, Harris criticized Trump's plan to impose tariffs on U.S. imports, calling it reckless and poorly thought out.
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"He's just not very serious about how he thinks about some of these issues," Harris said, pointing to Trump's economic policies. She emphasized that tariffs shouldn't be thrown around lightly because they can have real consequences for everyday Americans.
While tariffs sometimes <a href="https://www.benzinga.com/markets/asia/24/09/40856820/biden-hikes-tariffs-on-chinese-goods-alibaba-jd-com-stocks-drop">protect domestic industries</a>, Harris believes Trump's broad approach is misguided. Instead of benefiting the American economy, she thinks his plan would hurt families already struggling with inflation by making everyday items more expensive.
Trending: Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a>
Billionaire investor <a href="https://www.benzinga.com/personal-finance/24/09/41093167/billionaire-howard-marks-calls-out-trump-and-harris-policies-ignore-economic-reality-with-tariff">Howard Marks has also weighed in on this topic</a>. Like Harris, Marks isn't convinced that Trump's tariffs are a good idea. In his latest memo, Marks stated that while tariffs could stimulate U.S. output, they would raise consumer prices. He warned that Trump's 10% tariff plan would essentially tax the average American, burdening families with higher costs.
However, Marks isn&#8217;t sold on Harris&#8217;s anti-price gouging policy either. The current VP wants to tackle grocery inflation, but Marks thinks she&#8217;s missing the bigger picture. "There's nothing wrong with trying to bring down the cost of necessities. However, the best way to do this is to encourage additions to supply."
Trending: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
And it seems that Harris listened because, as she said in that interview, &#8220;Supply that is without any question part of the solution. Creating more supply under my plan includes creating tax incentives to work with the private sector and homebuilders.&#8221;
Nevertheless, Harris contrasts her approach with Trump's, emphasizing the need for detailed analysis and long-term thinking. "One must be serious and have a plan, and a real plan that&#8217;s not just about some talking point ending in an exclamation at a political rally but putting the thought into what will be the return on the investment, what will be the economic impact on everyday people," she said.&nbsp;
See Also: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
For Harris, economic policy is about understanding the ripple effects and ensuring changes are carefully considered before implementation.
Vice President Kamala Harris recently admitted that the Biden administration kept some of Trump's tariffs. Still, she criticized his new plan, calling it a "20% sales tax on everyday items people need to make it through the month."
Like any policy, the full impact on voters isn't always clear from sound bites coming from both sides. However, most <a href="https://www.benzinga.com/news/24/07/39630382/paul-krugman-says-trump-tariffs-will-hurt-80-of-americans-benefit-only-the-top-1-burden-would-fall-o">economists agree that higher tariffs</a> usually <a href="https://www.benzinga.com/personal-finance/24/09/40961812/economists-warn-trumps-plans-for-tax-cuts-tariffs-and-deportation-could-trigger-skyrocketing-inf">result in higher prices for American consumers</a>.
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Startups

'He's Just Not Very Serious' Says Kamala Harris – 'You Don't Just Throw Around The Idea Of Tariffs Across The Board'

It&#8217;s been over a decade since legendary Apple Inc. co-founder Steve Jobs left us, but his impact on the world of technology and beyond continues to resonate.
On Oct. 5, the <a href="https://www.benzinga.com/general/23/11/35753841/steve-jobs-experienced-extreme-regret-in-the-final-days-before-his-death-saying-i-wanted-my-kids-to">anniversary of his passing</a>, it&#8217;s worth taking a moment to reflect on the journey of this tech visionary who transformed not just how we use computers, but how we live our daily lives.
The Early Days: A Spark Of Genius
Jobs&#8217; story begins in San Francisco, where he was born in 1955 and later adopted by Paul and Clara Jobs. From an early age, he showed a keen interest in electronics, tinkering with gadgets in his family&#8217;s garage.
As a teenager, Jobs&#8217; rebellious spirit and thirst for knowledge led him to Reed College. Though he dropped out after just one semester, he continued to audit classes that piqued his interest.
One of these was a calligraphy course, which might seem like an odd choice for a future tech mogul. But Jobs later credited this class with influencing Apple&#8217;s groundbreaking approach to typography and design.
See Also: <a href="https://www.benzinga.com/news/24/07/39833269/apple-co-founder-steve-jobs-drew-inspiration-from-beatles-on-building-great-teams-they-were-four-ver">Apple Co-Founder Steve Jobs Drew Inspiration From Beatles On Building Great Teams: &#8216;They Were Four Very Talented Guys Who…&#8217;</a>
Most Valuable Company Today Had Humble Beginnings
The story of <a href="https://www.benzinga.com/general/education/20/01/15157731/great-american-companies-a-brief-history-of-apple-inc">Apple&#8217;s humble beginnings</a> in a garage has become the stuff of Silicon Valley legend.
In 1976, Jobs and his friend Steve Wozniak founded Apple Computer Company. Their first product, the Apple I, was essentially a circuit board that hobbyists could use to build their own computers.
However, the Apple II, released in 1977, really put them on the map.
The Apple II wasn&#8217;t just a computer for geeks – it was a machine that regular people could use.
Apple today has a market capitalization of $3.448 trillion, making it the most valuable company in the world.
The Macintosh Revolution
Fast forward to 1984, and Apple was ready to change the world again with the Macintosh.
This was the first commercially successful computer to feature a graphical user interface (GUI) and a mouse.
If you&#8217;ve ever used a computer with icons and windows (which, let&#8217;s face it, is pretty much every computer nowadays), you can thank Jobs and his team for pushing this revolutionary idea into the mainstream.
But It Was Not Always Smooth Sailing
In 1985, after a <a href="https://www.benzinga.com/general/education/17/01/8884660/why-rehiring-steve-jobs-was-the-best-move-apple-ever-made">power struggle</a> with then-CEO John Sculley, Jobs left Apple, the company he had co-founded. It was a huge blow, but Jobs wasn&#8217;t one to sit idle.
He went on to found NeXT, a company that aimed to create high-end computers for the education market. While NeXT didn&#8217;t achieve the commercial success Jobs had hoped for, it would later play a crucial role in Apple&#8217;s future.
From Side Project To Animation Powerhouse
During his time away from Apple, Jobs also bought a little <a href="https://www.benzinga.com/general/24/03/37921097/steve-jobs-didnt-become-a-billionaire-because-of-apple-it-was-actually-pixar-and-the-toy-story-movie">computer graphics division</a> from Lucasfilm. This would become Pixar Animation Studios.
Under Jobs&#8217; guidance, Pixar went from a tech company to an animation powerhouse, releasing groundbreaking films like &#8220;Toy Story&#8221; and forever changing the landscape of animated storytelling.
…And Then The Prodigal Son Returns
By the mid-90s, Apple was struggling. The company that had once been at the forefront of personal computing was floundering, with a confusing product line and declining sales.
In a twist of fate, Apple announced that it <a href="https://www.benzinga.com/markets/equities/23/12/36321524/if-you-invested-1000-in-apple-when-it-announced-next-acquisition-to-bring-back-steve-jobs-heres-">was acquiring NeXT in 1996</a>, bringing Jobs back into the fold as an advisor.
He quickly became interim CEO (or &#8220;iCEO&#8221; as he jokingly called himself) and set about turning the company around.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
The Apple Renaissance
Jobs&#8217; return to Apple marked the beginning of one of the greatest comebacks in business history. He streamlined the product line, focusing on simplicity and design.
The result? A string of iconic products that would redefine entire industries:
<ol>
<li>The iMac (1998): A colorful, <a href="https://www.benzinga.com/markets/equities/23/05/32259104/if-you-invested-1000-in-apple-when-imac-was-unveiled-25-years-ago-heres-how-much-youd-have-now">all-in-one computer</a> that made technology fun and accessible.</li>
<li>The iPod (2001): <a href="https://www.benzinga.com/general/education/23/02/30716530/if-you-bought-1-000-in-apple-stock-when-the-ipod-was-released-heres-how-much-youd-have-now">Not the first</a> MP3 player, but the one that made digital music mainstream.</li>
<li>The iPhone (2007): A device that put the internet, a music player, and a phone in your pocket, changing the way <a href="https://www.benzinga.com/news/23/01/30336631/the-iphone-was-unveiled-16-years-ago-heres-how-much-1-000-invested-in-apple-stock-after-the-debut-is">we communicate forever</a>.</li>
<li>The iPad (2010): Bridging the <a href="https://www.benzinga.com/general/education/21/01/19345275/this-day-in-market-history-apple-unveils-original-ipad-1">gap between</a> smartphones and laptops, creating a new category of device.</li>
</ol>
The Jobs Philosophy
What set Jobs apart wasn&#8217;t just his ability to create great products, but his unwavering commitment to certain principles:
Simplicity: Jobs believed that technology should be intuitive and easy to use.
Design: He saw beauty in minimalism and insisted that even the parts users couldn&#8217;t see should be well-designed.
Integration: Jobs pushed for seamless integration between hardware and software, creating ecosystems that just worked.
He once said, "Being the richest man in the cemetery doesn&#8217;t matter to me. Going to bed at night saying we&#8217;ve done something wonderful [at Apple], that&#8217;s what matters to me."
The Final Chapter
In 2003, Jobs was diagnosed with a <a href="https://www.benzinga.com/general/24/01/36832060/steve-jobs-followed-an-extreme-diet-consisting-of-certain-fruits-and-vegetables-and-fasting-for-days">rare form of pancreatic cancer</a>. Despite this setback, he continued to lead Apple, overseeing some of the company&#8217;s most innovative years.&nbsp;
However, his health struggles eventually led to him stepping down as CEO in Aug. 2011.
On Oct. 5, 2011, he passed away, leaving behind a legacy that had fundamentally changed multiple industries – computing, music, movies, telecommunications, and retail.
The Legacy Lives On
Today, Apple continues to be one of the world&#8217;s most valuable and influential companies. While it has evolved under the leadership of Tim Cook, many of Jobs&#8217; core principles still guide the company.
But Jobs&#8217; influence extends far beyond Apple. His vision of technology as a tool to enrich our lives has shaped the entire tech industry. From the smartphones we carry in our pockets to the way we consume media, Jobs&#8217; fingerprints are everywhere.
He once said, &#8220;The people who are crazy enough to think they can change the world are the ones who do.&#8221; He was certainly one of those people, and the world is all the richer for it.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next: <a href="https://www.benzinga.com/news/24/08/40591422/steve-jobs-once-said-he-was-a-millionaire-at-23-worth-10m-by-24-and-had-100m-by-25-this-shaped-his-d">Steve Jobs Once Said He Was A Millionaire At 23, Worth $10M By 24, And Had $100M by 25 — This Shaped His Decision To Stay On A $1 Salary Throughout His Time At Apple</a>
Disclaimer:&nbsp;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 courtesy: Shutterstock

Tech

Legendary Apple Co-Founder Steve Jobs Once Said, 'Being The Richest Man In The Cemetery Doesn't Matter To Me:' Maybe That's Why His Impact Transcends Financial Success For iPhone-Maker And Beyond

With one month to go, Kamala Harris is slightly ahead of Donald Trump in the presidential race, <a href="https://www.benzinga.com/news/24/08/40667209/trump-vs-harris-new-polls-reveal-this-candidate-is-outperforming-in-swing-states">as per recent polling data</a>.
What Happened: Recent surveys indicate that Harris is leading Trump by a margin of two to five points, with less than five weeks remaining until the election.
The latest Emerson poll reveals Harris leading with 50% against Trump&#8217;s 48%. The Morning Consult&#8217;s weekly <a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling">poll</a> also shows Harris ahead by five points, 51% to 46%. Similar results were seen in a Susquehanna <a href="https://x.com/SusquehannaPR/status/1841524316082778119">poll</a> and an Economist/YouGov <a href="https://today.yougov.com/politics/articles/50629-harris-leads-vp-debate-media-filibuster-eric-adams-september-29-october-1-2024-economist-yougov-poll">poll</a> released this week, with Harris leading by five and three points respectively.
But despite Harris lead, her advantage has slightly diminished over the past two months, peaking at 3.7 points in late August, as per FiveThirtyEight's weighted polling average. RealClearPolitics' latest polling average shows Harris leading Trump by 2.2 points.
According to a Cook Political Report survey, Harris is leading Trump by one point overall in the seven battleground states likely to decide the election. However, the NBC News/Telemundo/CNBC <a href="https://www.nbcnews.com/politics/2024-election/poll-harris-trump-democrats-advantage-latino-voters-continues-shrink-rcna172686">poll</a> indicates that Harris&#8217; lead among Latinos is dwindling.
Pre-debate surveys suggested that Harris' polling surge seemed to have reached a plateau. Although most post-debate surveys indicate that the majority of respondents believe Harris won the debate, it was not enough to significantly impact the race between the two candidates.
Also Read: <a href="https://www.benzinga.com/news/24/09/41082772/harris-vs-trump-new-polls-show-tight-race-in-battleground-states">Harris Vs Trump: New Polls Show Tight Race In Battleground States</a>
Also a <a href="https://www.genderontheballot.org/wp-content/uploads/2024/10/6574-GOTB-2024-Deck-c2_release.pdf">poll</a> conducted by American University (AU) and the Benenson Strategy Group revealed that 51% of women trust Harris to tackle inflation and the high cost of gas and groceries. This is in contrast to the 37% who trust her GOP rival, Trump, on these issues.
The survey also showed that Harris and her running mate, Minnesota Gov. Tim Walz, are trusted more on immigration, another key issue with the election just over a month away. Harris&#8217;s favorability among independent women has increased by 23 points since last year, with 51% finding her favorable.
Furthermore, the poll emphasized that the economy and inflation are the most important issues for women in the 2024 White House race, with 64% of respondents indicating this. Harris currently holds a 3.7-point lead over Trump nationally, according to The Hill/Decision Desk HQ's polling index.
Why It Matters: The close race between Harris and Trump underscores the deeply divided political landscape in the United States. 
The shrinking lead of Harris, particularly among Latinos, could be a cause for concern for her campaign. The outcome of the election could hinge on the seven battleground states, where the race is currently too close to call. 
The impact of the debates on the polling numbers also highlights the importance of these events in shaping public opinion. Also Harris&#8217; lead over Trump and her increased favorability among independent women could potentially influence the election results.
Read Next
<a href="https://www.benzinga.com/news/24/09/41080153/trump-vs-harris-this-candidate-skyrockets-in-election-forecast-poised-to-secure-victory-in-four-swin" target="_blank" rel="noreferrer noopener">Trump Vs Harris: This Candidate Skyrockets in Election Forecast, Poised To Secure Victory In Four Swing States</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.

Polls Suggest This Candidate Holds Slim Lead In Presidential Race With One Month To Go

U.S. District Court Judge for the District of Columbia Tanya Chutkan made public this week a <a href="https://www.benzinga.com/news/24/10/41156198/jack-smith-makes-case-against-trump-he-resorted-to-crimes-to-try-to-stay-in-office-after-losing-elec">filing by Special Prosecutor Jack Smith</a> that detailed Donald Trump&#8217;s alleged election subversion efforts in the aftermath of the 2020 election. Mary Trump, the former president&#8217;s niece, on Thursday delved into the development in a substack post.
Legal Setback: Smith&#8217;s document, which was written in part to to take into account the presidential immunity ruling handed down by the &#8220;corrupt illegitimate super-majority of the Supreme Court&#8221; is devastating, <a href="https://www.marytrump.org/p/donald-trump-vs-the-american-people">said</a> Mary Trump in the post. She noted that Smith made the case that Donald Trump acted as a private citizen and a private candidate when he planned and incited the Jan. 6, 2021 insurrection and therefore his conduct is not protected by the Supreme Court&#8217;s immunity ruling, she added.
Mary Trump noted that Smith detailed the important role played by Donald Trump&#8217;s political rallies in the days and weeks leading up to Jan. 6 riots, which he &nbsp;used, in part, to perpetuate false claims about his having won the election. 
Judge Chutkan and Smith deemed it fit to make public the information before the Nov. 5 election, given Donald Trump effectively games the legal system in his favor, reducing the chances of the case going to trial before the election, she said. There is a real possibility of the case never going to trial at all due to the &#8220;corrupt illegitimate super majority of the Supreme Court,&#8221; she added.
&#8220;The presidential candidate the Republican Party nominated, and the traitor they continue to support almost unequivocally, engaged in a conspiracy against the American people,&#8221; Mary Trump said.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40778409/donald-trump-winning-the-election-could-propel-bitcoin-to-90k-but-a-kamala-harris-win-coul">Donald Trump Winning The Election Could Propel Bitcoin To $90K, But A Kamala Harris Win Could Tank BTC To $40K: Bernstein</a>
Trump Team&#8217;s Wrong Claim: In a separate <a href="https://www.marytrump.org/p/taking-it-in-his-stride">post</a>, Mary Trump weighed in on the election interference accusation Donald Trump and the Republicans have made against Chutkan and Smith on the grounds that the filing was released only 35 days out from the election.
The psychologist said there has been no intent to affect the outcome of the election as both &#8220;Smith and Chutkan are simply dealing as best they can with the hand they've been dealt while trying to comply with the almost impossible constraints the Supreme Court ruling placed upon them.&#8221;
She blamed Attorney General Merrick Garland for taking nearly two years for the appointment of the Special Counsel. The &#8220;extraordinary&#8221; delays once Smith was appointed was due to Donald Trump and the &#8220;corrupt illegitimate super-majority on the Supreme Court,&#8221; she said.
&#8220;We're here because Donald Trump figured out a long time ago how to game the system. If you&#8217;re the guilty party, and he nearly always is, your best bet is to create as many delays as possible,&#8221; Mary Trump said. &#8220;This time around he also had the corrupt, illegitimate super-majority of the Supreme Court backing him up all the way,&#8221; she added.
<a href="https://www.benzinga.com/general/politics/24/10/41176806/harris-vs-trump-vice-president-leads-2024-election-poll-young-voters-help-but-voter-issues-could">Trump trails his rival and Democratic Party candidate Kamala Harris</a> in nationwide polls even as the general election draws closer.
Did You Know?
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<li>Congress Is Making Huge Investments.&nbsp;<a href="https://www.benzinga.com/gov-trades" target="_blank" rel="noreferrer noopener">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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Mary Trump Says Special Counsel's Filing Counter Ex-President's Efforts To Game Legal System In His Favor

With a major dockworkers&#8217; strike on hold for now, entrepreneur Kevin O&#8217;Leary highlights the outdated infrastructure and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41187855/port-strike-ends-after-3-days-retaliers-politicians-breathe-a-sigh-of-relief" target="_blank" rel="noreferrer noopener">rising tensions over union demands</a>.
On Fox Business&#8217; Varney &amp; Co. on Friday, O&#8217;Leary remarked that East Coast ports are outdated and inefficient, <a href="https://www.foxbusiness.com/media/kevin-oleary-addresses-the-trouble-us-ports-union-automation-concerns">reported</a> Fox Business.
A major strike by the International Longshoremen&#8217;s Association halted trade at East and Gulf Coast ports, affecting billions in commerce. The union has agreed to continue under an expired contract through mid-January.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/24/10/41148694/beer-shortage-ahead-3-products-that-will-be-most-impacted-by-port-strike" rel="noreferrer noopener">Beer Shortage Ahead? 3 Products That Will Be Most Impacted By Port Strike</a>
Leary went on to explain that when comparing East Coast ports to international ones like those in Singapore and other Asian locations, they fall short, which negatively impacts productivity.
O&#8217;Leary noted that studies on port automation reveal no negative impact on wages on the East and West Coasts. In fact, he argued that automation could enhance wages for employees skilled in using robotic systems, fostering job creation and promoting wage growth.
The&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41177060/port-strike-ends-workers-return-to-work-friday" rel="noreferrer noopener">strike ended Thursday night</a>&nbsp;this week following the USMX&#8217;s offer to increase pay by 62%.
Read Next:
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<li><a href="https://www.benzinga.com/startups/24/10/41196233/kevin-oleary-defends-the-american-dream-on-fox-business-im-the-guy-that-invests-in-businesses-5-to-5" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Defends The American Dream On Fox Business – &#8216;I&#8217;m The Guy That Invests In Businesses 5 To 500 Employees, We Are On Fire!&#8217;</a></li>
</ul>

Equities

Kevin O'Leary Says Port Automation Won't Hurt Wages

Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree, later upgrading it.
Business mogul Mark Cuban once made a spontaneous purchase of a lifetime flight pass from American Airlines during a celebratory spree, <a href="https://www.benzinga.com/news/23/12/36058376/how-being-a-lousy-employee-fueled-mark-cubans-success-i-was-a-know-it-all">later upgrading it</a>.
What Happened: Cuban revealed in a recent podcast that he acquired the pass in the aftermath of selling his first business, MicroSolutions, for a whopping $6 million. 
He <a href="https://www.youtube.com/watch?v=0DAVdTTgGcU">said</a> during the podcast that In a celebratory mood, he reached out to American Airlines to inquire about the lifetime pass, and upon confirmation of its availability, he immediately bought it for $125,000.
The pass, dubbed the AAirpass, was launched in the early 1980s, providing unlimited first-class travel for life. The price was determined by the buyer&#8217;s age at the time of purchase. 
"They're like, ‘What do you think you're going to do with all this money?' And I'm like, ‘I don't care about cars or houses, but boy, you know, I fly a lot for work, " he said during the interview.
Also Read:&nbsp;<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires" target="_blank" rel="noreferrer noopener">Here&#8217;s How Mark Cuban Made 91% Of His Employees Millionaires</a>
"I got all that information, hungover as hell, and I signed up. Initially, it was $125,000 and then I upgraded it. I forget how much I paid, but it gave me almost unlimited miles for me and somebody else for the rest of my life," he added. 
At 32 years old, Cuban bought the pass, which is now estimated to be valued at around $300,000 today, after adjusting for inflation.
Following the demise of his father, Cuban transferred the AAirpass to a friend. However, American Airlines has since phased out the unlimited pass, terminating the program in March 2024.
Why It Matters: Despite his lavish spending habits, Cuban advocates for a frugal lifestyle, comparing it to that of a &#8220;college student&#8221;, and urges people to save money. 
The billionaire has been residing in the same house for the past 18 years and continues to drive the same cars. 
His impulsive purchase of the pass, which has significantly appreciated in value, underscores his knack for making shrewd investments, even when made in a state of inebriation.
Read Next
<a href="https://www.benzinga.com/news/24/08/40667225/mark-cuban-asks-his-8m-x-followers-about-whose-character-would-they-like-young-children-to-grow-up-e">Mark Cuban Asks His 8M X Followers About Whose Character Would They Like Young Children To Grow Up Emulating Between Trump And Harris: Cuban Receives Half A Million Responses, Majority Supporting This Candidate</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Success Stories

Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment

In his debut address to the United Nations General Assembly, Argentine President Javier Milei delivered a speech that raised eyebrows for its striking resemblance to a key scene from the popular TV show <a href="https://www.benzinga.com/general/politics">&#8220;The West Wing.&#8221;</a>
The similarities between Milei&#8217;s words and a monologue delivered by the fictional President Josiah Bartlet in the fourth season of the political drama have sparked discussions on whether the president&#8217;s speech was plagiarism or intentional homage, as <a href="https://www.lanacion.com.ar/politica/el-dia-que-javier-milei-plagio-en-la-onu-al-personaje-de-la-serie-the-west-wing-nid03102024/">reported</a> by La Nación.
See Also: <a href="https://www.benzinga.com/news/24/10/41173594/incestuous-milei-donald-trumps-digital-slip-with-javier-milei-parody-accounts-goes-viral-on-x">&#8216;Incestuous Milei&#8217;: Donald Trump&#8217;s Digital Slip With Javier Milei Parody Accounts Goes Viral On X</a>
Prominent Argentine journalist Carlos Pagni was one of the first to point out the connection, highlighting the close alignment between Milei&#8217;s speech and Bartlet&#8217;s monologue.
<h3 class="wp-block-heading">Milei&#8217;s Speech At The UN</h3>
During his 15-minute address, Milei delivered a passage that many have noted bears an uncanny resemblance to Bartlet's speech from &#8220;The West Wing.&#8221;
"We believe in freedom of speech for all; we believe in freedom of worship for all; we believe in free trade for all, and we believe in limited governments, all of them,&#8221; Milei said during last week&#8217;s speech. &#8220;And since in these times what happens in one country quickly impacts others, we believe that all peoples should live free from tyranny and oppression, whether it takes the form of political oppression, economic slavery, or religious fanaticism. That fundamental idea must not remain mere words; it must be supported by deeds, diplomatically, economically, and materially."
This echoes a near-verbatim passage from the series&#8217; 15th episode of season four. 
&#8220;We're for freedom of speech everywhere. We're for freedom of worship everywhere. We're for freedom to learn&#8230; for everybody. And as in our time, you can build a bomb in your country and bring it to mine, what happens in your country is my business.,&#8221; President Bartlet, played by Martin Sheen, said to his team in the Oval Office.
&#8220;That's why we're for freedom from tyranny everywhere, whether it takes the form of political oppression, Toby, or economic slavery, Josh, or religious fanaticism, C.J. That fundamental idea can't be met simply with our support. It has to be met with our strength. Diplomatically, economically, materially.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="El día que Javier Milei "plagió" en la ONU al personaje de la serie The West Wing" width="500" height="281" src="https://www.youtube.com/embed/tFW6FpAUcv8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<h3 class="wp-block-heading">A Strategic Choice Or Plagiarism?</h3>
The resemblance between the two speeches is hard to ignore. Santiago Caputo, Milei's controversial communications advisor, actively embraces his dedication to &#8220;The West Wing.&#8221;
As Argentine journalist Hugo Alconada Mon recently pointed out, Caputo has reportedly watched the entire series between seven and nine times. Caputo even suggested that new employees at his consulting firm, Move Group, watch the show as a condition for joining the company.
This isn't the first time Milei's speeches have raised suspicions. His inaugural address on December 10th also featured rhetoric that bore a resemblance to Bartlet's character. 
Standing before the Argentine Congress, Milei said: ·The challenges we face are enormous, but so is our capacity to overcome them,&#8221; words eerily similar to Bartlet's famous line, &#8220;Every time we think we've measured our capacity to meet a challenge, we look up and realize that capacity may well be limitless.&#8221;
In another instance, Milei's national broadcast on April 22, where he proclaimed: &#8220;The era of the present State is over,&#8221; echoes a line from the show in which Bartlet's speechwriter Toby Ziegler says: &#8220;The era of big government is over.&#8221;
<h3 class="wp-block-heading">Milei&#8217;s West Wing-Inspired Style</h3>
Milei's reliance on &#8220;The West Wing&#8221; may extend beyond mere rhetoric. Observers have noted aesthetic similarities between Milei's public appearances and the institutional style portrayed in the series, particularly the podiums used for his speeches—an element that his predecessors have largely avoided.
The president's admiration for the fictional Nobel laureate economist Bartlet is also worth noting, as both share a professional background in economics. 
Yet, the parallels end there. Bartlet embodies a progressive Democrat with strong support for public institutions, while Milei&#8217;s libertarian views stand in stark contrast, advocating for minimal government intervention.
<h3 class="wp-block-heading">The Shadow Of Plagiarism Accusations Loom Over Argentina&#8217;s President</h3>
This is not the first time the Argentinian president has faced plagiarism accusations. 
Critics attacked Milei&#8217;s book &#8220;Pandenomics&#8221; for including several uncredited passages from authors like Gita Gopinath and Antonio Guirao Piñera. 
They also accused him of copying ideas from Austrian School economists like Ludwig von Mises and Murray Rothbard without proper citation in his columns. 
Milei defended himself arguing that as a &#8220;communicator&#8221; he isn&#8217;t obligated to cite sources in his writings.
Read Next:
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<li><a href="https://www.benzinga.com/general/entertainment/24/10/41149991/lali-esp-sito-the-argentinian-taylor-swift-released-a-diss-track-against-president-javier-m">Lali Espósito, The &#8216;Argentinian Taylor Swift,&#8217; Released A Diss Track Against President Javier Milei</a></li>
</ul>
Image credits: Shutterstock.

Latin America

Did Argentina's President Javier Milei Plagiarize 'The West Wing' In UN Speech?

Renowned author and entrepreneur Robert Kiyosaki recently expressed concerns over escalating global tensions and questioned the <a href="https://www.benzinga.com/news/24/08/40544194/robert-kiyosaki-kamala-harris-is-avocado-toast-her-lying-immoral-unethical-days-coming-to-an-end">current U.S. leadership&#8217;s strength</a>.
What Happened: On Saturday, Kiyosaki took to X to voice his concerns about the recent military actions by Israel and the potential for a global conflict. 
He questioned if this could be the start of World War III and urged his followers to be prepared.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">WWIII Israel just launched F35 to bomb Iran. Is this the start of WWIII? Are you prepared? This is what happens when we have weak leaders such as Joe Biden and Kamala Harris. As Jordan Peterson stated: "If you think tough leaders are bad…wait til you see the damage weak…
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1842441325435924835?ref_src=twsrc%5Etfw">October 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Kiyosaki also criticized the current U.S. leadership, referring to President Joe Biden and Vice President Kamala Harris as &#8220;weak leaders.&#8221;
Also Read: <a href="https://www.benzinga.com/news/24/09/40869188/robert-kiyosaki-rings-alarm-bells-over-soaring-us-debt-the-dollar-is-trash">Robert Kiyosaki Rings Alarm Bells Over Soaring US Debt: &#8216;The Dollar Is Trash&#8217;</a>
The entrepreneur expressed his support for Donald Trump, calling him a strong leader.
Why It Matters: Kiyosaki&#8217;s comments come amidst rising global tensions. His criticism of the current U.S. leadership and support for Trump highlight the ongoing political divide in the country. 
His reference to the military actions by Israel and the potential for a global conflict underscore the increasing concerns about global stability and security.
While Kiyosaki is known for his financial advice, his recent tweet indicates a shift towards more political commentary. His views on leadership and global security issues could influence his followers and contribute to the ongoing political discourse.
Read Next
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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.

Robert Kiyosaki: 'We Need Strong Leaders, That Is Why I Support My Friend Trump For President'

Jeff Bezos, the founder of Amazon, has a distinctive morning routine that avoids screen time for the first hour of the day. Recent neuroscience research indicates that this method could lead to smarter, healthier days.
What Happened: Bezos, unlike many CEOs, dedicates the initial hours of his day to non-digital activities. This routine, first unveiled in a 2018 speech at the Economic Club of Washington, includes reading the newspaper, savoring coffee, and having breakfast with family.
Bezos&#8217; partner, Lauren Sanchez, confirmed in a recent People interview that the couple adheres to a &#8220;no phones&#8221; rule in the mornings. Bezos is convinced that this slow, phone-free start enhances his energy and decision-making abilities throughout the day.
According to the report <a href="https://www.inc.com/jessica-stillman/jeff-bezos-says-the-1-hour-rule-makes-him-smarter-new-neuroscience-says-hes-right/90982121">by</a> Inc.com, neuroscience research backs Bezos&#8217;s claim. The Stanford Lifestyle Medicine Program suggests that limiting screen time, particularly in the morning, can yield significant health benefits.
Also Read: <a href="https://www.benzinga.com/general/entertainment/24/09/40760465/jeff-bezos-enforces-no-phones-in-the-morning-house-rule-says-partner-lauren-s-nchez-the-mor">Jeff Bezos Enforces &#8216;No Phones In The Morning&#8217; House Rule, Says Partner Lauren Sánchez: &#8216;The Mornings Are Just Us, For As Long As We Can&#8217;</a>
Overuse of screens has been associated with learning and memory issues, mental health problems, and even an elevated risk of brain-related diseases.
Maris Loeffler of Stanford Lifestyle Medicine advocates for adopting Bezos&#8217;s one-hour rule, proposing activities such as exercise, meditation, or reading as healthier alternatives to screen time. 
This approach aligns with Bezos&#8217;s belief in respecting personal rhythms and energy levels for a more productive day.
Why It Matters: The neuroscience-backed benefits of limiting screen time, especially in the morning, are becoming increasingly recognized. 
Bezos&#8217;s morning routine, which prioritizes non-digital activities, aligns with these findings and offers a model for other leaders to consider. 
The potential benefits of this approach, including enhanced energy and decision-making abilities, could have significant implications for productivity and overall well-being.
Read Next
<a href="https://www.benzinga.com/news/24/06/39563534/jeff-bezos-reveals-the-one-secret-to-success-you-can-have-a-job-or-you-can-have-a-career-or" target="_blank" rel="noreferrer noopener">Jeff Bezos Reveals The One Secret To Success: ‘You Can Have A Job, Or You Can Have A Career, Or …'</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.

Health Care

AMZN

Jeff Bezos Swears By This One-Hour Rule For Success — Now Neuroscience Backs It Up

Tech titan and co-founder of Microsoft, Bill Gates has descended to his lowest position on the Forbes 400 list in almost a <a href="https://www.benzinga.com/news/24/04/38348729/beyond-microsoft-bill-gates-multi-million-dollar-investments-in-luxury-homes-and-farmland">quarter of a century</a>.
What Happened: Despite amassing a colossal fortune of $107 billion, Gates has slipped to the ninth position, a significant drop from his sixth place ranking last year.
As per the report <a href="https://www.forbes.com/sites/kerryadolan/2024/10/01/bill-gates-falls-to-lowest-rank-on-the-forbes-400-in-nearly-25-years/">by</a> Forbes, his net worth has also seen a $4 billion decrease from the previous year, even as U.S. stock indices such as the S&amp;P 500 and the Nasdaq 100 surged by 30%. This marks the first time since 1991 that Gates has not featured among the top ten wealthiest individuals globally.
A key contributor to this decline is Gates&#8217; 2021 divorce from Melinda French Gates. Forbes has almost tripled its previous estimate of the divorce settlement awarded to French Gates, elevating her net worth to an estimated $29 billion, a substantial increase from $10.3 billion last year.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/08/40429632/book-bill-gates-leadership-instills-fear-created-kings-court-like-atmosphere-at-foundation" target="_blank" rel="noreferrer noopener">Bill Gates' Leadership Instills Fear, Created ‘King's Court-Like' Atmosphere At Foundation</a>
Additionally, French Gates has received an extra $12.5 billion for her philanthropic endeavors, funds that were not a transfer from the Gates Foundation but a direct contribution from Bill Gates. This has positioned her as the ninth-richest woman in the U.S.
During the Forbes 400 Summit on Philanthropy in September 2022, Gates had anticipated his decline on the Forbes ranking, expressing his intention to continue donating more of his wealth until he eventually falls off the Forbes billionaires list.
Why It Matters: The drop in Gates&#8217; ranking on the Forbes 400 list is indicative of his ongoing commitment to philanthropy. 
His decision to donate a significant portion of his wealth, coupled with the financial implications of his divorce, has resulted in a noticeable shift in his financial standing. 
Despite this, Gates continues to be a prominent figure in the tech industry and his philanthropic efforts continue to make a significant impact worldwide.
Read Next
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This content was partially produced with the help of&nbsp;AI&nbsp;and was reviewed and published by Benzinga editors.

Entrepreneurship

Here's Why Bill Gates Drops To Historic Low On Forbes 400 List

President Joe Biden made his first-ever appearance at a regular White House press briefing on Friday, where he expressed uncertainty regarding the peaceful outcome of the upcoming presidential election. The President&#8217;s concerns stem from the rhetoric of <a href="https://www.benzinga.com/news/24/09/40869086/trump-vs-harris-new-poll-reveals-post-debate-swing-towards-this-candidate-in-key-state">former President Donald Trump</a>.
What Happened: During the briefing, Biden voiced his doubts about the peaceful conclusion of the upcoming election.
Despite expressing confidence in the election being &#8220;fair and free,&#8221; Biden raised concerns about potential unrest, attributing it to Trump&#8217;s &#8220;very dangerous&#8221; comments. He confirmed that he has been receiving briefings related to domestic security, <a href="https://www.foxnews.com/media/conservatives-joke-biden-made-trump-campaign-ad-calling-harris-major-player-everything-admin-does">reports</a> Fox News.
When asked about his feelings towards the election and whether he believes it will be free, fair, and peaceful, Biden responded, &#8220;Two separate questions. I'm confident it will be free and fair. The things that Trump has said and the things that he said last time out, when he didn't like the outcome of the election, were very dangerous,&#8221; Biden said.
Also Read: <a href="https://www.benzinga.com/news/24/09/41080085/trump-voices-criticism-of-harris-and-biden-ev-policies-every-car-is-going-to-be-electric-they-say-i">Trump Voices Criticism Of Harris And Biden EV Policies: &#8216;Every Car Is Going To Be Electric, They Say. I Will Terminate That, On Day One&#8217;</a>
Biden also expressed concern over the Republican vice presidential candidate&#8217;s reluctance to accept the election outcome, drawing parallels with Trump&#8217;s reaction to the previous election results.
&#8220;The vice presidential Republican candidate did not say he'd accept the outcome of the election. He wasn't happy to accept the outcome of the last election. So I I'm concerned about what they're going to do,&#8221; Biden added. 
On the topic of security preparations, Biden assured, &#8220;I always get those briefings.&#8221;
Why It Matters: The peaceful transition of power is a cornerstone of American democracy. Biden&#8217;s concerns reflect the heightened political tensions in the country, largely fueled by Trump&#8217;s refusal to concede defeat in the 2020 election. 
This has led to widespread fears about potential unrest and violence surrounding the upcoming election. 
The President&#8217;s comments underscore the importance of maintaining peace and security during this critical period.
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Biden Anticipates Potential Unrest In Upcoming Election: 'Trump Has Said Very Dangerous Things'

The <a href="https://hempsupporter.com/">U.S. Hemp Roundtable</a>, <a href="https://www.benzinga.com/markets/cannabis/24/05/38599614/cheech-and-chong-brand-ceo-talks-cannabis-retail-expansion-and-designs-that-resonate-with-the-le" target="_blank" rel="noreferrer noopener">Cheech and Chong's Cannabis Company</a> and several California hemp farmers and businesses petitioned California courts on Friday for a temporary restraining order (TRO) to prevent the enforcement of Governor Gavin Newsom's <a href="https://www.benzinga.com/markets/cannabis/24/09/40756333/gov-newsom-proposes-emergency-rules-to-severely-restrict-hemp-products-this-will-destroy-our-bus" target="_blank" rel="noreferrer noopener">emergency regulations</a> to ban all hemp products containing any &#8220;detectable amount of total THC.&#8221;
Plaintiffs challenging Newsom's ban, which sent shock waves through California's hemp and cannabis industry, are asking a state judge to temporarily halt enforcement of the new rules while the legal challenge proceeds, arguing that the prohibition is unlawful and will cause irreparable harm to the hemp industry. The emergency regulations bans 90-95% of hemp products on the marketplace, including manufacturing or selling them in California.   
"If allowed to remain in effect, the Emergency Regulations will eliminate nearly every ingestible hemp product currently for sale in California, including the vast majority of nonintoxicating products," the plaintiffs argued in their <a href="https://hempsupporter.com/wp-content/uploads/2024/10/TRO-PI-US-Hemp-Roundtable-v.-California-Department-of-Public-Health-4856-4917-0923.9-1.pdf">filing</a>. "Many small businesses will have to close operations immediately with millions in losses. Relief is thus warranted because the Emergency Regulations are substantially unlawful and have in any event been adopted by drastically unlawful means."
Read Also:<a href="https://www.benzinga.com/markets/cannabis/24/10/41183711/what-newsom-is-proposing-will-crater-the-hemp-industry-could-californias-restrictions-spread-nat"> &#8216;What Newsom Is Proposing Will Crater The Hemp Industry&#8217;: Could California&#8217;s Restrictions Spread Nationwide?</a>
In the initial lawsuit filed in late September, plaintiffs argued that the state had declared an "emergency" without basis and failed to implement existing hemp legislation, which was passed in 2021. "The Department [of Public Health] had nearly three years to address these issues," the TRO request states.
<h2 class="wp-block-heading">Hemp Roundtable Attorney Responds</h2>
"We are hopeful that the Court will temporarily block – and then ultimately, permanently enjoin – Governor Newsom's misguided efforts to devastate hemp farmers, business and product consumers in California," Jonathan Miller, the Roundtable's General Counsel stated in an email shared with Benzinga. "It's high time that the Governor abandon this punitive effort and sit down with all stakeholders to appropriately address his stated mission: to develop a robust regulatory regime that promotes health and safety and keeps hemp products out of the hands of minors."
Newsom's ruling also includes a ban on manufacturing and selling hemp-THC products intended for sale outside California. This broad scope threatens the entire national supply chain, <a href="https://www.benzinga.com/markets/cannabis/24/09/40756333/gov-newsom-proposes-emergency-rules-to-severely-restrict-hemp-products-this-will-destroy-our-bus">say experts</a>, raising concerns over state overreach and violations of interstate commerce laws​.
Newsom's ban <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients">went into effect</a> on Sept. 23, immediately after it was approved by the Office of Administrative Law.
The hearing for the TRO has been scheduled for 9:30 AM PDT/12:30 AM EDT, Thursday, October 10th. Nolan Jackson, the Hemp Roundtable's regulatory counsel, will be arguing the motion on behalf of the plaintiffs
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Cannabis

Government

Legal

Cheech And Chong Cannabis Company, Hemp Roundtable Petition Court To Stop Gov Newsom's Controversial Hemp-THC Ban

Donald Trump&#8217;s Michigan event on Friday, framed as an address on the local economy amid inflation concerns,<a href="https://www.benzinga.com/news/24/09/41078459/vice-president-harris-promises-tougher-border-security-and-immigration-reform-in-arizona" target="_blank" rel="noreferrer noopener"> shifted focus to border security and rampant criticism of migrants</a>.
For 25 minutes, he criticized migrants, using increasingly graphic language, despite the manufacturing backdrop and audience of workers, reported Reuters.
Trump made unfounded claims that migrants crossing the U.S. border were responsible for widespread violence, asserting that they engage in horrific acts without remorse.
Not to forget that Trump&#8217;s general disdain for migrants has been a central theme of his campaign this election season.
In fact, recent <a target="_blank" href="https://www.axios.com/2024/10/05/trump-migrants-venezuelan-congolese-rhetoric" rel="noreferrer noopener">research</a> by the Axios suggests that he has focused on Venezuelan and Congolese individuals labeled as criminals. Trump labeled migrants from Mexico as criminals 13 times and those from Guatemala 10 times from Sept. 1, 2023, to Oct. 2, 2024.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41196047/vc-ben-horowitz-first-endorsed-donald-trump-now-pledges-support-for-kamala-harris" rel="noreferrer noopener">VC Ben Horowitz First Endorsed Donald Trump, Now Pledges Support For Kamala Harris</a>
His increasingly apocalyptic rhetoric includes unfounded claims about migrants&#8217; criminal backgrounds and dire consequences, all while he pushes for mass deportations.
He also suggested that these individuals commit brutal crimes in front of families.
Critics argue this strategy aims to amplify racist stereotypes and exploit Republican fears about the influx of border crossers into the U.S.
This shift in language comes despite the White House implementing new restrictions that have significantly reduced migrant entries. Earlier this year, Trump also played a role in derailing a bipartisan bill in Congress designed to enhance border security.
However, Reuters highlighted that Trump&#8217;s message linking migrants to crime appears to be resonating.
A recent <a target="_blank" href="https://www.kff.org/" rel="noreferrer noopener">KFF</a> poll revealed that 80% of Americans surveyed had encountered false claims about migrants causing an increase in violent crime, while 74% had heard that immigrants were taking jobs from citizens and contributing to rising unemployment, Reuters mentioned in its report.
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Trump's Dark Rhetoric: Migrants Portrayed As Criminals Amid Election Heat

Conversations regarding the normalization of relations between Israel and Saudi Arabia have been a significant diplomatic <a href="https://www.benzinga.com/topic/jared-kushner" target="_blank" rel="noreferrer noopener">goal for both the Biden and Trump administrations</a>.
Jared Kushner, son-in-law of Donald Trump, has reportedly engaged in discussions about U.S.-Saudi diplomatic negotiations related to Israel, reported Reuters.
Jared Kushner&#8217;s private equity firm Affinity Partners, linked to Trump, has received over $112 million in fees from Saudi Arabia and other foreign investors since 2021, despite not returning any profits to the governments primarily funding the firm as of July, per a recent <a href="https://www.nytimes.com/2024/09/25/us/politics/kushner-private-equity-saudi-arabia.html" target="_blank" rel="noreferrer noopener">report</a> by The New York Times.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/41043869/trump-son-in-laws-pe-firms-client-agreement-creates-unprecedented-conflicts-of-interest-involving-pr" rel="noreferrer noopener">Trump Son-In-Law&#8217;s PE Firm&#8217;s Client Agreement Creates &#8216;Unprecedented&#8217; Conflicts Of Interest Involving Presidential Family, Says Democratic Senator: &#8216;These Facts Suggest The Saudi Government&#8217;s Decision…To Curry Favor…For Favorable US Policy&#8217;</a>
He has spoken with Saudi Arabia&#8217;s Crown Prince Mohammed bin Salman on several occasions since leaving the Trump administration.
In fact, Kushner has a close relationship with Saudi Arabia, which has reportedly invested $2 billion in his private equity fund, per Reuters.
However, his discussions with Crown Prince Mohammed bin Salman about a peace accord highlight the bipartisan focus on Middle East stability amid an impending presidential election.
These talks raise concerns about how Kushner&#8217;s financial ties to Riyadh might affect U.S. policy if Trump returns to power.
Saudi Arabia&#8217;s investments in Kushner&#8217;s fund have faced criticism from ethics experts and lawmakers, raising concerns of potential conflicts of interest.
Democratic Senator Ron Wyden, chair of the Senate Finance Committee, highlighted these worries in a Sept. 24 letter, emphasizing that Saudi investments could appear as a payoff given Kushner&#8217;s previous work on Saudi matters during the Trump administration, Reuters added.
Jared Kushner has denied any allegations that Saudi Arabia&#8217;s investments represent a payoff or conflict of interest, Reuters mentioned in the note.
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Jared Kushner Engages In Diplomatic Talks with Saudi Crown Prince: Report

University of Chicago economist Konstantin Sonin has issued a stark warning about the future of Russia&#8217;s economy. The ongoing conflict in Ukraine, he says, is setting the stage for a major economic crisis in Russia.
What Happened: The ongoing Ukraine war has forced Russia to tighten its grip on its economy, leading to the disintegration of key market institutions, says Sonin. 
He cites Russia&#8217;s imposition of export restrictions on vital commodities in response to Western sanctions as an example of this disintegration.
These shifts have led to significant price increases by some companies, while others, like Heineken, have had to sell their Russian operations for nominal sums. Russia has also taken steps to prevent companies from leaving the country.
Sonin <a href="https://www.project-syndicate.org/onpoint/russia-war-economy-short-term-strength-mortgaging-the-future-by-konstantin-sonin-2024-10">wrote</a> about this in an&nbsp;op-ed&nbsp;for Project Syndicate. He also notes that the Kremlin is funding the war by &#8220;borrowing from the future,&#8221; with cuts to crucial public spending programs and a rise in military spending. 
&#8220;Even more important, Putin&#8217;s borrowing from the future takes the form of a gradual, yet pervasive dismantling of the market institutions that the Russian people paid such a high price to acquire during the reforms of the 1990s,&#8221; Sonin wrote in the op-ed.
Also Read: <a href="https://www.benzinga.com/news/24/09/40894933/kim-jong-uns-north-korea-outranks-china-as-russias-top-ally-in-ukraine-conflict-says-military-intell">Kim Jong Un&#8217;s North Korea Outranks China As Russia&#8217;s Top Ally In Ukraine Conflict, Says Military Intelligence Chief</a>
&#8220;​​Investing massively in military production and simultaneously dismantling market institutions may strengthen Putin&#8217;s hand in the short term, but it sets a time bomb under longer-term economic development,&#8221; Sonin added in his article. 
Despite the economic pressure, Russia&#8217;s GDP is expected to grow by 3.2% this year, thanks to Moscow&#8217;s substantial war spending, <a href="https://www.businessinsider.com/russia-economy-ukraine-war-outlook-moscow-sanctions-west-firms-uchicago-2024-10">reports</a> Business Insider.
&#8220;Whenever the Ukraine war ends and Russia returns to international trade (beyond raw materials), all the nationalizations of recent years will come back to haunt it. Putin&#8217;s war not only imposes on today&#8217;s Russians a worse life than they otherwise would have had. It also condemns future generations,&#8221; he said in the post.
Why It Matters: However, Sonin foresees a difficult economic future for Russia. He warns that the nationalizations of recent years will have long-term effects once the Ukraine war ends and Russia re-enters international trade.
Other forecasters have echoed Sonin&#8217;s concerns, pointing to declining long-term economic health indicators and a significant worker shortage in Russia.
Read Next
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Russia's Latest 'Time Bomb' Sparks Fear, But It's Not What You Think

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has reportedly lost log data for several of its crucial security products, which could potentially affect customers&#8217; ability to detect threats and generate security alerts.
What Happened: Microsoft experienced a failure in consistently collecting log data for a number of its vital cloud services. Logs, which document events within a program like account sign-ins, play a pivotal role in identifying unauthorized network and account access. The absence of proper recording could lead to missed potential intrusion instances.
As per the report <a href="https://www.businessinsider.com/microsoft-tells-customers-it-lost-log-data-key-security-products-2024-10">by</a> Business Insider, from September 2-19, a bug in a Microsoft internal monitoring agent caused a malfunction in uploading log data to the company&#8217;s internal logging platform.
This issue did not affect the uptime of any customer-facing services or resources, and there&#8217;s no evidence of cyberattacks resulting from this incident.
The products affected include Microsoft Entra, Microsoft Sentinel, Microsoft Defender for Cloud, and Microsoft Purview. In particular, Microsoft Sentinel customers may have encountered potential gaps in security-related logs or events, which could impact their ability to analyze data, detect threats, or generate security alerts, reports the outlet. 
Also Read: <a href="https://www.benzinga.com/content/41167523/microsofts-targeted-upside-might-be-too-good-to-ignore">Microsoft&#8217;s Targeted Upside Might Be Too Good to Ignore</a>
Microsoft has not yet issued a statement on this incident. This loss of log data occurs at a time when Microsoft has been emphasizing security as a top priority, in the wake of previous mishandling of security incidents.
Why It Matters: This incident underscores the importance of consistent and accurate log data collection in maintaining robust security protocols. 
For a tech giant like Microsoft, any lapse in security measures could potentially impact a vast number of customers globally. 
The incident also raises questions about the effectiveness of Microsoft&#8217;s internal monitoring systems, especially given the company&#8217;s recent emphasis on security. 
The company&#8217;s response to this incident and measures taken to prevent future occurrences will be closely watched by customers and stakeholders alike.
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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.

MSFT

Microsoft Loses Critical Security Logs - Here's How It Could Impact You

When you hit 40, the temptation to upgrade your lifestyle can be strong, especially if you've worked hard and saved well. However, according to personal finance expert <a href="https://www.benzinga.com/personal-finance/24/10/41125098/suze-orman-says-the-personal-finance-of-americans-is-really-really-bad-even-though-the-stock-mar">Suze Orman</a>, a swankier apartment in a prime city could be more of a financial burden than a reward – especially if your job situation is unstable.
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In a recent episode of her Women &amp; Money podcast, a listener posed a question many can relate to: She's 40, presumably owns her home outright, and has saved a significant portion of her net worth in cash. With relatively low expenses and the safety net of living with her parents if necessary, she's considering upgrading to a nicer apartment in the city, using her cash reserves or taking out a small loan. The problem? Her job is unstable, and she knows she might have to retire early.
Orman's response? A firm &#8220;no.&#8221;
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At first glance, upgrading to a nicer place may seem easy, but Orman warns that it could lead to more financial stress in the long run. She explains that moving to a swankier apartment means more than a bigger space. &#8220;More expenses, more taxes, more everything,&#8221; she says. If your job is shaky, you should focus on accumulating cash, not depleting it.
Her co-host KT quickly jumped in, agreeing with Orman's assessment. &#8220;Why would you do that? I would never do that if I had an unstable job and (was) 40 years old,&#8221; she said. &#8220;I&#8217;d want to accumulate as much cash as possible so then I'd feel free.&#8221;
See Also: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
For Orman, the decision is simple: at 40, you should still be focused on <a href="https://www.benzinga.com/personal-finance/24/07/39800314/are-you-rich-enough-to-join-the-top-5-of-households-you-may-be-wealthier-than-you-realize">building wealth</a>. &#8220;These are your compounding years,&#8221; she reminds listeners. She suggests investing in your future rather than spending money on a luxury apartment. The more you can save and invest now, the better off you'll be when it comes time to retire.
Orman also stated that the listener's logic is flawed regarding interest rates and cash reserves. The listener mentioned that by liquidating her assets and putting them in a bank with 3% interest, she could generate enough income to cover twice her parents' monthly expenses. However, Orman warns that assuming a steady 3% interest rate is risky.
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&#8220;How do you know what interest rates are going to be?&#8221; she asks. Orman states that if this listener had made a similar decision in 2007 before the <a href="https://www.benzinga.com/markets/24/10/41145356/billionaire-who-predicted-2008-crash-and-dot-com-bubble-calls-the-current-economy-the-most-vulnerabl">financial crisis</a>, she could have faced significant losses.
So, what's the solution for someone longing for a more vibrant, city-centered lifestyle? Orman suggests enjoying the best of both worlds without making a financial commitment that could backfire.&nbsp;
&#8220;If you want a swankier lifestyle, go there for the weekend and come back,&#8221; she advises. Renting a place for short visits allows you to experience the excitement of the city without the long-term financial strain of owning an expensive downtown apartment.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>
Orman's advice is this: prioritize <a href="https://www.benzinga.com/personal-finance/24/09/40764819/think-youre-financially-secure-heres-how-much-people-say-it-takes-to-feel-secure-and-what-you-re">financial security</a>, especially when you're in an uncertain job situation. &#8220;At 40, if you lose your job, you get another job,&#8221; she says. But until you're in a more stable position, stick with the home you own outright, keep saving and investing, and leave the luxury upgrades for another time.
Are you in a similar position and considering upgrading your home to enjoy a better lifestyle? Then you may consider talking with a <a href="https://www.benzinga.com/money/best-online-financial-advisors">financial advisor</a>. They can help you navigate your finances and determine the best route that aligns with your long-term financial goals.&nbsp;
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Personal Finance

'More Expenses, More Taxes, More Everything': Suze Orman On The Risks Of Upgrading To A Swanky Apartment At 40

Hewlett Packard Enterprise's ($HPE) President and CEO, Antonio Neri, sold stock worth $1.6 million last week. This stock sale was part of a 10b5-1 ...

Insider Trading: CEO Offloads Hewlett Packard Stock (HPE) Worth $1.6M

The technology sector anticipates robust expansion fueled by groundbreaking innovations and heightened governmental backing. Therefore, exploring low P/E tech stocks like Hewlett Packard (HPE), Jabil (JBL), and Flex (FLEX) presents substantial growth opportunities for investors seeking to capitalize on this trend. Read on… Businesses are embracing new digital technologies at an accelerating pace, enhancing their products and services. This digital shift is setting the stage for significant transformations across multiple sectors. As companies adapt and evolve, the tech sector is becoming a focal point for investors.
In this landscape, stocks such as Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>), Jabil Inc. (<a href="https://stocknews.com/stock/JBL/">JBL</a>), and Flex Ltd. (<a href="https://stocknews.com/stock/FLEX/">FLEX</a>) stand out. With their low P/E ratios and strong growth potential, these companies offer enticing opportunities for those seeking to capitalize on the expanding tech landscape.
Each day brings <a href="https://www2.deloitte.com/us/en/insights/industry/technology/executives-expect-tech-industry-growth-in-2024.html">new advancements in technology</a>, driven by groundbreaking research, product launches, and shifts in consumer needs. Artificial Intelligence (AI) plays a central role in this evolution. As AI continues to rise, companies are investing in cloud infrastructure and connectivity to keep pace.
Generative AI (genAI), in particular, has been pivotal in driving digital transformation, offering innovative solutions to industries ranging from financial services to customer support and product development.
The Generative AI market is expected to reach <a href="https://www.statista.com/outlook/tmo/artificial-intelligence/generative-ai/worldwide">$36.06 billion by 2024</a>. With a projected annual growth rate of 46.5%, the market is set to expand significantly, reaching $356.10 billion by 2030. Immersive technologies, such as <a href="https://www.weforum.org/publications/top-10-emerging-technologies-2024/digest/">virtual and augmented reality</a>, are also accelerating the sector's growth.
By combining these technologies with computing power, companies can improve the accuracy and safety of infrastructure projects while advancing sustainability through better planning and execution.
President Biden's 2024 Budget reflects this growing importance of technology by <a href="https://www.whitehouse.gov/ostp/news-updates/2024/03/13/fact-sheet-president-bidens-2025-budget-invests-in-science-and-technology-to-power-american-innovation-expand-frontiers-of-whats-possible/">allocating $729 million</a> to AI research and development at the National Science Foundation (NSF). The budget includes $30 million dedicated to the second year of the National AI Research Resource Pilot.
With the tech sector thriving, investors are gravitating towards stocks with <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">lower P/E ratios</a>, as these offer greater value for each dollar of earnings. A lower P/E ratio represents a more appealing price tag, attracting investors who seek a balance between cost and growth potential.
Considering the trends in the industry, let us discuss the fundamentals of three tech stocks, starting with #3.
Stock #3: Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>)
HPE is a global technology company that offers general-purpose servers, hybrid cloud solutions, wired and wireless networks, and flexible investment solutions for technology deployment models. It operates under the Server; Hybrid Cloud; Intelligent Edge; Financial Services; Corporate Investments and Other segments.
On September 24, HPE <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/hpe-expands-ai-powered-automation-introduces-monitoring-for-third-party-devices-and-end-user-experience-from-hpe-aruba-networking-central.html">announced the expansion</a> of its AI-powered network management solution, HPE Aruba Networking Central. The new expansion provides much-needed AI insights and capabilities to control, predict, and manage its customer's networks and establish itself in a strong position in the AI industry.
On September 16, HPE <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/barclays-doubles-private-cloud-estate-with-hpe-greenlake-cloud.html">announced a new private cloud services deal</a> with Barclays PLC (<a href="https://stocknews.com/stock/BCS/">BCS</a>), the British universal bank, to include HPE GreenLake Cloud in BCS' hybrid cloud strategy. Through this partnership, HPE aims to expand its global client base, enhancing its international presence and driving business growth.
In terms of forward non-GAAP P/E, HPE is trading at 9.64x, 60.2% lower than the industry average of 24.19x. Likewise, the stock's forward EV/EBIT and forward Price/Cash flow multiples of 10.67 and 6.30 are 47.3% and 71.5% lower than their respective industry averages of 20.28x and 22.12x.
During the fiscal 2024 third quarter that ended July 31, HPE's net revenue increased 10.1% year-over-year to $7.71 billion. Its non-GAAP earnings from operations grew 7.4% from the year-ago value to $771 million.
In addition, HPE's non-GAAP net earnings and non-GAAP EPS rose 3.4% and 2% from the prior year's period to $661 million and $0.50, respectively.
Analysts expect HPE's revenue for the fiscal fourth quarter ending in October 2024 to increase 12.4% year-over-year to $8.26 billion. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the ongoing quarter is expected to grow 7.2% from the prior year's period to $0.56. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters.
Shares of HPE have gained 14.1% over the past six months and 16.4% over the past year to close the last trading session at $19.85.
HPE's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HPE has a B grade for Value and Sentiment. Within the 45-stock <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry, the stock is ranked #8.
<a href="https://stocknews.com/stock/HPE/">Click here</a> to access additional HPE ratings for Momentum, Growth, Quality, and Stability.
Stock #2: Jabil Inc. (<a href="https://stocknews.com/stock/JBL/">JBL</a>)
JBL is a manufacturing solutions provider offering comprehensive electronics design, production, and product management services. The company operates through two segments, Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS).
On September 23, JBL <a href="https://investors.jabil.com/news/news-details/2024/Jabil-Expands-Silicon-Photonics-Capabilities-to-Enable-Next-Generation-AI-and-Data-Center-Technologies/default.aspx">announced its continued investment</a> in silicon photonics-based products and capabilities to facilitate the growing demands due to next-wave cloud and AI data center growth. With additional capabilities planned to roll out in the future, JBL is catering to the evolving market demands and securing itself in a top market position.
On September 10, JBL <a href="https://investors.jabil.com/news/news-details/2024/Jabil-to-Expand-Operations-in-India/default.aspx">announced the signing</a> of a Memorandum of Understanding (MoU) with the Tamil Nadu state government as part of the company's expansion in Tiruchirappalli, Tamil Nadu, India. With an emerging market in India, JBL's expansions to emerging nations will enhance the company's portfolio and growth prospects.
In terms of forward non-GAAP P/E, JBL is trading at 13.43x, 44.5% lower than the industry average of 23.19x. Its forward EV/EBITDA of 5.93x is 58.6% lower than the sector average of 14.31x. In addition, the stock's forward Price/Cash flow of 8.15x is 63.2% lower than the industry average of 22.12x.
For the fiscal 2024 third quarter that ended May 31, JBL's net revenue came in at $6.77 billion. The company's core operating income was reported to be $350 million. Additionally, its core earnings came in at $230 million or $1.89 per share.
As of May 31, 2024, JBL's cash and cash equivalents stood at $2.46 billion compared to $1.80 billion on August 31, 2023.
The consensus EPS estimate of $8.62 for the fiscal year ending August 2025 reflects a rise of 2.7% year-over-year. Furthermore, the company topped the consensus EPS estimates in three of the four trailing quarters.
Shares of JBL have gained 5.7% over the past month and 6.6% over the past year to close the last trading session at $114.62.
JBL's POWR Ratings reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
JBL has an A grade for Momentum and a B for Value and Quality. It is ranked #15 out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology – Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have JBL's ratings for Growth, Sentiment, and Stability. Get all JBL ratings <a href="https://stocknews.com/stock/JBL/">here</a>.
Stock #1: Flex Ltd. (<a href="https://stocknews.com/stock/FLEX/">FLEX</a>)
FLEX offers manufacturing solutions and services through two segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). FAS covers various end markets like Communications, Enterprise, and Cloud (CEC). Meanwhile, FRS covers automotive, health solutions, and industrial sectors.
On August 22, Anord Mardix, a FLEX company, <a href="https://investors.flex.com/news/news-details/2024/Anord-Mardix-Opens-Second-Facility-in-Ireland-to-Meet-Growing-Demand-for-Critical-Power-Solutions/default.aspx">announced the opening of a second facility</a> named D2 in Dundalk, Ireland. This facility is aimed at serving as an assembly hub for switchgear products to ensure efficiency in the production process of reliable and uninterrupted data center power from the grid.
With AI data centers facing power challenges, FLEX is providing the necessary means to facilitate the incoming AI revolution.
On August 8, FLEX <a href="https://investors.flex.com/news/news-details/2024/Flex-and-Musashi-Energy-Solutions-Partner-to-Mitigate-Utility-Power-Challenges-in-AI-Data-Centers/default.aspx">announced a collaboration</a> with Musashi Energy Solutions, a designer and developer of high-power, long-lasting, and safe Hybrid SuperCapacitors, to supply FLEX-designed and manufactured Capacitor-based Energy Storage Systems (CESS), including Musashi's Hybrid SuperCapacitor (HSC) technology.
As energy consumption increases rapidly worldwide, FLEX's innovations could help the company gather significant exposure in the global energy management sector.
In terms of forward non-GAAP P/E, FLEX is trading at 13.31x, 45% lower than the industry average of 24.19x. Furthermore, the stock's forward EV/EBITDA and forward Price/Cash flow multiples of 7.77 and 10.25 are 45.7% and 53.7% lower than their respective industry averages of 14.31x and 22.12x.
During the fiscal 2025 first quarter that ended on June 28, 2024, FLEX reported net revenue of $6.31 billion. The company's non-GAAP operating income grew 4.4% year-over-year to $306 million. Continuing
Moreover, its non-GAAP net income from continuing operations stood at $211 million, while its non-GAAP EPS rose 8.5% from the prior-year quarter to $0.51.
Street expects FLEX's revenue and EPS for the fiscal year ending March 2026, to increase 4.8% and 15.2% year-over-year to $27.17 billion and $2.78, respectively. In addition, the company topped the consensus EPS estimates in each of the trailing four quarters.
Shares of FLEX have gained 11.5% over the past six months and 23.8% over the past year to close the last trading session at $32.04.
It's no surprise that FLEX has an overall rating of B, which translates to a Buy in our proprietary rating system.
FLEX has an A grade for Momentum and a B for Value. Within the Technology – Services industry, it is ranked #22 out of 75 stocks.
Beyond what we have stated above, we also have given FLEX grades for Growth, Stability, Sentiment, and Quality. Get all the FLEX ratings <a href="https://stocknews.com/stock/FLEX/">here</a>.
What To Do Next?
43-year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
HPE shares were trading at $19.82 per share on Wednesday afternoon, up $0.94 (+4.98%). Year-to-date, HPE has gained 19.14%, versus a 21.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/hpe-jbl-flex-bcs-3-tech-stocks-with-low-p-e-ratios-that-offer-big/>3 Tech Stocks with Low P/E Ratios That Offer Big Upside</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks with Low P/E Ratios That Offer Big Upside

As tech stocks continue to gain momentum, many investors are eyeing opportunities in the sector, especially after the Fed's recent rate cut. If you're looking to capitalize on this trend, budget-friendly stocks like Hewlett Packard Enterprise (HPE), UiPath (PATH), and N-able (NABL), all trading under $20, could offer significant upside potential. Learn more… Tech stocks have seen a surge in investor interest, especially following the Federal Reserve's recent decision to lower its benchmark interest rate for the first time since 2020. With the tech-heavy Nasdaq up 20% this year, the sector is clearly benefiting from this shift.
Thus, investors looking to tap into this momentum could consider scooping up shares of Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>), UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>), and N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>), which are trading under $20 with strong upside potential.
Historically, tech stocks have thrived in low-interest environment rates, and the Fed's recent <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html">50 basis-point cut</a> could further fuel a bullish trend. Lower rates enhance the value of future cash flows, leading to higher company valuations and increased investor confidence. As a result, tech companies may seize this moment to raise capital, pursue mergers and acquisitions, or even explore IPOs.
Moreover, the tech sector's growth shows no sign of slowing down, largely due to its ability to innovate and transform industries. From cloud computing to artificial intelligence, these companies are driving global technological advancements.
The global information technology market is projected to be $26.93 trillion by 2032, growing at a <a href="https://businessresearchinsights.com/market-reports/information-technology-it-market-108885">CAGR of 11%</a>. Meanwhile, Gartner Inc. (<a href="https://stocknews.com/stock/IT/">IT</a>) forecasts that worldwide IT spending will increase by 8% this year, <a href="https://www.gartner.com/en/newsroom/press-releases/2024-04-16-gartner-forecast-worldwide-it-spending-to-grow-8-percent-in-2024">hitting $5.06 trillion</a>. This steady stream of investment reflects the tech industry's vital role in the future of the global economy.
For investors, these under-$20 tech stocks represent an opportunity to tap into a sector that is poised for long-term growth. Let's look at the fundamental aspects of the featured stocks in detail:
Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>)
HPE is a global technology company that provides solutions that allow customers to capture, analyze, and act upon data seamlessly. It operates through six segments: Compute; HPC &amp; AI; Storage; Intelligent Edge; Financial Services; and Corporate Investments and Other.
On August 15, HPE announced its acquisition of Morpheus Data, a pioneer in software for hybrid cloud management and platform operations. This acquisition will enable HPE to unify complete hybrid capabilities on a single platform. It will also enhance it by providing multi-vendor, multicloud application provisioning, orchestration, automation, and FinOps capabilities for cloud cost optimization.
In terms of forward non-GAAP P/E, HPE is trading at 9.62x, 60.3% lower than the industry average of 24.23x. Likewise, the stock's forward EV/EBIT and Price/Cash flow multiples of 10.68 and 6.29 are 46.7% and 71.4% lower than their respective industry averages of 20.02 and 21.99.
In the fiscal 2024 third quarter that ended on July 31, HPE's net revenue increased 10.1% year-over-year to $7.71 billion. The company reported non-GAAP earnings from operations of $771 million, indicating a 7.4% growth from the prior year quarter with a margin of 10%.
HPE's non-GAAP net earnings came in at $661 million, up 3.4% year-over-year, while its non-GAAP net <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> grew 2% from the year-ago value to $0.50.
According to the fiscal 2024 outlook, HPE anticipates revenue growth to range from 1% to 3%. The company forecasts GAAP operating profit to range between 2%-6% and its non-GAAP operating profit to be 2%. The non-GAAP EPS is projected to be between $1.92 to $1.97 per share.
Street expects HPE's revenue for the fiscal fourth quarter (ending October 2024) to increase 12.4% year-over-year to $8.26 billion. Its EPS for the same period is expected to register a 7.1% growth from the prior year, settling at $0.56. In addition, it surpassed the EPS estimates in each of the trailing four quarters, which is promising.
Over the past six months, the stock has surged 12.3%, closing the last trading session at $18.85.
Out of 10 analysts that rated HPE, three rated it Buy, while seven rated it Hold. The 12-month median price target of $20.78 indicates <a href="https://www.tipranks.com/stocks/hpe/forecast">a 10.2% upside potential</a> from the last closing price. The price targets range from a low of $18 to a high of $24.
HPE's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
HPE has an A grade for Value and a B for Sentiment. It is ranked #8 out of 45 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology - Communication/Networking</a> industry. <a href="https://stocknews.com/stock/HPE/">Click here</a> to see the additional ratings for HPE (Growth, Momentum, Stability, and Quality).
UiPath Inc. (<a href="https://stocknews.com/stock/PATH/">PATH</a>)
PATH is an enterprise automation and artificial intelligence (AI) software company that provides an end-to-end automation platform that offers a variety of international robotic process automation (RPA) solutions.
On July 2, PATH launched new features on its platform, which infuse GenAI deeply into the UiPath Business Automation Platform&#x2122; to help businesses achieve greater outcomes with AI and automation. These several new features facilitate developers and organizations to build better, faster, and more comprehensive automation.
In terms of forward non-GAAP PEG, PATH is trading at 0.95x, 50.2% lower than the industry average of 1.91x. Likewise, the stock's forward Price/Book and Price/Cash Flow multiples of 3.64 and 21.54 are 15.5% and 2.1% lower than the industry averages of 4.31x and 21.99x, respectively.
PATH's revenues for the second quarter (ended July 31, 2024) increased 10.1% year-over-year to $316.25 million. It reported a non-GAAP gross profit of $263.19 million, indicating a 6.6% growth from the prior-year quarter, while its non-GAAP net income for the quarter stood at $23.76 million or $0.04 per share. Also, the company's non-GAAP adjusted free cash flow increased 25.6% year-over-year, amounting to $149.78 million.
As per the financial outlook for the fiscal year 2025, PATH forecasts revenue to be between $1.42 billion and $1.43 billion. The company also expects a non-GAAP operating income of approximately $170 million.
Analysts expect PATH's revenue and EPS for the current year (ending January 2025) to be $1.42 billion and $0.40, respectively. For the fiscal year 2026, both its revenue and EPS are expected to grow by 11.5% and 10.5% from the prior year to $1.58 billion and $0.44, respectively.
The stock has gained 10.6% over the past three months to close the last trading session at $12.45. Its 12-month price target of $15.67 reflects a <a href="https://www.tipranks.com/stocks/path/forecast">25.9% potential upside</a>.
PATH's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
PATH has a B grade for Growth and Quality. It is ranked #8 out of 18 stocks in the A-rated <a href="https://stocknews.com/category/software-saas/">Software - SAAS</a> industry. <a href="https://stocknews.com/stock/PATH/">Click here</a> to access the other ratings of PATH for Value, Momentum, Stability and Sentiment.
N-able, Inc. (<a href="https://stocknews.com/stock/NABL/">NABL</a>)
NABL provides cloud-based software solutions for managed service providers (MSPs) worldwide, facilitating their support of digital transformation and growth for small and medium-sized enterprises (SMEs).
On September 11, NABL partnered with Infinigate Cloud to expand its cloud solutions marketplace in European countries. This collaboration aims to provide managed service providers (MSPs) with an easy-to-use, reliable self-service experience and helps NABL scale its solutions seamlessly.
In terms of trailing-12-month PEG, NABL is trading at 0.62x, which is 26.9% lower than the industry average of 0.85x. The stock's forward Price/Book ratio of 3.19x is 25.9% below the industry average of 4.31x. Also, its forward EV/EBIT multiple of 18.67 compares to the industry average of 20.02.
For the second quarter, which ended on June 30, NABL's revenues increased by 12.6% year-over-year to $119.45 million. Its non-GAAP operating income came in at $39.79 million, up 38.7% year-over-year, with a non-GAAP operating margin of 33.3% (up 620 bps year-over-year). The company's non-GAAP net income came in at $26.65 million and $0.14 per share, up 63.9% and 55.6% year-over-year, respectively.
In addition, the company's unlevered free cash flow increased by 50.2% year-over-year, amounting to $35.45 million. Its adjusted EBITDA grew 34.1% year-over-year, to $46.81 million,
For the full fiscal year 2024, the company expects its total revenue to range between $463 million and $465 million. It also anticipates adjusted EBITDA between $165.50 million and $167.50 million.
The consensus revenue estimate of $114.79 million for the fiscal third quarter (ending September 2024) represents a 6.7% increase year-over-year. The consensus EPS estimate of $0.10 for the same quarter indicates a 9.5% improvement year-over-year. The company has an impressive surprise history; it surpassed the consensus revenue and EPS estimates in each of the trailing four quarters.
NABL shares have surged 3.1% over the past nine months to close the last trading session at $13.01.
Based on 2 Wall Street analysts offering 12-month price targets for NABL in the last three months, the average target price is $16.75, indicating a <a href="https://www.tipranks.com/stocks/nabl/forecast">28.8% potential upside</a> from the last price, with a high forecast of $17 and a low forecast of $16.50.
It's no surprise that NABL has an overall rating of B, which equates to a Buy in our POWR Ratings system. It has an A grade for Sentiment and a B for Growth and Stability. Out of 75 stocks in the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, NABL is ranked #12.
Beyond what is stated above, we've also rated NABL for Value, Momentum, and Quality. Get all NABL ratings <a href="https://stocknews.com/stock/NABL/">here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
HPE shares were trading at $18.70 per share on Friday morning, down $0.15 (-0.80%). Year-to-date, HPE has gained 12.40%, versus a 20.29% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/hpe-path-nabl-it-3-tech-stocks-under-20-with-high-upside-potential/>3 Tech Stocks Under $20 With High Upside Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Tech Stocks Under $20 With High Upside Potential

With increased innovation and investments, the 5G sector is shaping the next generation of connectivity, outperforming its predecessors by miles. Keeping that in mind, it could be wise for investors to add Hewlett Packard (HPE), Qorvo (QRVO), and Aviat Networks (AVNW) to their portfolios as the 5G rollout accelerates. Read on… The telecommunication industry is driving rapid innovation, with 5G technology poised to be a major breakthrough in 2024. As the next evolution of networks, 5G offers faster speeds, lower latency, and a range of new applications that promise to revolutionize numerous sectors, enhancing productivity and connectivity.
Thus, investing in companies leveraging 5G growth, such as Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>), Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>), and Aviat Networks, Inc. (<a href="https://stocknews.com/stock/AVNW/">AVNW</a>), may be a strategic move. These companies stand to benefit significantly as 5G expands, offering increased opportunities in various industries reliant on advanced networks.
5G's transformative potential has already made it the fastest-growing mobile broadband technology, <a href="https://data.gsmaintelligence.com/api-web/v2/research-file-download?id=79791087&amp;file=210224-The-State-of-5G-2024.pdf">surpassing 1.5 billion connections</a> by 2023, just four years after its launch. The rapid adoption highlights its impact across industries, setting a strong foundation for future technological advancements.
As more devices are designed to operate on 5G, the demand for networks is skyrocketing. In North America, major telecom companies now offer 5G, covering <a href="https://www.ibm.com/think/insights/5g-future">over 200 million homes and businesses</a>, with projections suggesting this number will double within the next four years.
A robust digital infrastructure is crucial for national competitiveness, and it will become even more critical moving forward. Policymakers are actively supporting these advancements to ensure their countries remain leaders in the global market, particularly as 5G continues to expand.
The Federal Communications Commission (FCC) <a href="https://www.fcc.gov/5G">plans to allocate $9 billion</a> through the Universal Service Fund to enhance 5G wireless services in rural America. The funding aims to bridge the digital divide and ensure broader access to cutting-edge technology nationwide.
Looking forward, according to a report published by Grand View Research, the global 5G services market is expected to grow at <a href="https://www.grandviewresearch.com/industry-analysis/5g-services-market">a CAGR of 59.4%</a> by 2030, reaching an impressive $2.21 trillion. This growth underscores 5G's profound economic and technological impact across the globe.
Considering these positive trends, let us dive deep into the fundamentals of three 5G stocks, starting with #3.
Stock #3: Hewlett Packard Enterprise Company (<a href="https://stocknews.com/stock/HPE/">HPE</a>)
HPE is a global technology company that offers general-purpose servers, hybrid cloud solutions, wired and wireless networks, and flexible investment solutions for technology deployment models. Its segments include Server; Hybrid Cloud; Intelligent Edge; Financial Services; and Corporate Investments and Other.
On September 16, HPE announced <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/barclays-doubles-private-cloud-estate-with-hpe-greenlake-cloud.html">a new private cloud services deal</a> with Barclays PLC (<a href="https://stocknews.com/stock/BCS/">BCS</a>), the British universal bank, to include HPE GreenLake Cloud in BCS' hybrid cloud strategy. Through this partnership, HPE aims to expand its global client base, enhancing its international presence and driving business growth.
On September 5, HPE revealed that <a href="https://www.hpe.com/us/en/newsroom/press-release/2024/09/hewlett-packard-enterprise-introduces-one-click-deploy-ai-applications-in-hpe-private-cloud-ai.html">its Private Cloud AI</a> is now available to order, alongside new solution accelerators designed to streamline AI applications. As AI adoption accelerates, these innovations will strengthen HPE's position in the market, boosting its growth prospects and expanding its market influence.
During the fiscal 2024 third quarter that ended July 31, HPE's net revenue increased 10.1% year-over-year to $7.71 billion. Its non-GAAP earnings from operations grew 7.4% from the year-ago value to $771 million.
In addition, HPE's non-GAAP net earnings and non-GAAP EPS increased 3.4% and 2% from the prior year's period to $661 million and $0.50, respectively.
Analysts expect HPE's revenue for the fiscal fourth quarter ending in October 2024 to increase 12.4% year-over-year to $8.26 billion. Its <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the ongoing quarter is expected to grow 6.8% year-over-year to $0.56. Moreover, the company surpassed the consensus EPS estimates in all four trailing quarters.
Shares of HPE have gained 7.1% over the past five days to close the last trading session at $17.23.
HPE's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
HPE has an A grade for Value and a B grade for Sentiment. Within the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry, HPE is ranked #9 of 47 stocks.
<a href="https://stocknews.com/stock/HPE/">Click here</a> to access additional HPE ratings for Momentum, Growth, Quality, and Stability.
Stock #2: Qorvo, Inc. (<a href="https://stocknews.com/stock/QRVO/">QRVO</a>)
QRVO develops and commercializes technologies for wireless, wired, and power markets. The company's operations span three segments: High Performance Analog (HPA); Connectivity and Sensors Group (CSG); and Advanced Cellular Group (ACG). It also offers foundry services for defense and aerospace clients.
On January 31, QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-acquire-anokiwave">announced a definitive agreement</a> to acquire Anokiwave, a supplier of high-performance silicon integrated circuits for intelligent active array antennas used in defense, SATCOM, and 5G applications. Anokiwave's high-frequency beamforming and IF-to-RF conversion ICs would complement QRVO's existing RF front-end portfolio.
The combination of QRVO's unique capabilities with Anokiwave's technology will enable QRVO to deliver highly integrated solutions and SiPs for defense, aerospace, and network infrastructure. The acquisition would strengthen QRVO's ability to provide comprehensive solutions in these key sectors.
QRVO's revenue for the fiscal 2025 first quarter, which ended on June 29, 2024, increased 36.2% year-over-year to $886.67 million. Its non-GAAP operating income rose 110.1% year-over-year to $98.13 million.
Additionally, the company's non-GAAP net income amounted to $83.52 million, or $0.87 per share, up 148.5% and 155.9% year-over-year, respectively. QRVO <a href="https://ir.qorvo.com/news-releases/news-release-details/qorvor-announces-fiscal-2025-first-quarter-financial-results">exceeded its June quarterly guidance</a> for revenue, gross margin, and EPS. The company is poised for sequential increases in revenue, gross margin, and EPS for the September quarter, signaling steady growth.
For the September 2024 quarter, QRVO projects revenue of approximately $1.025 billion, with a potential variance of $25 million. Non-GAAP gross margin is expected to be between 46% and 47%, while non-GAAP diluted earnings per share are forecasted to be between $1.75 and $1.95.
Street expects QRVO's revenue and EPS for the next fiscal year ending in March 2026 to increase 8% and 28.3% year-over-year to $4.27 billion and $7.97, respectively. Moreover, the company has topped the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
Shares of HPE have gained 4.7% over the past year to close the last trading session at $100.46.
QRVO's promising outlook is reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
QRVO has a B grade for Growth, Sentiment, and Quality. It is ranked #4 out of 91 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry.
Beyond what we stated above, we have also given QRVO grades for Value, Momentum, and Stability. Get all the QRVO's ratings <a href="https://stocknews.com/stock/QRVO/">here</a>.
Stock #1: Aviat Networks, Inc. (<a href="https://stocknews.com/stock/AVNW/">AVNW</a>)
AVNW provides microwave and wireless access networking solutions. The company offers a range of products, including outdoor, indoor, and split-mount radios, microwave routers, switches, and trunking systems. It also delivers private LTE, virtual fiber, element management solutions, and hosted software products.
On July 2, AVNW <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/aviat-networks-acquires-4rf-leading-provider-industrial-wireless">announced its acquisition</a> of 4RF Limited, a provider of industrial wireless access solutions. The acquisition includes 4RF's narrowband radios, private LTE, and 5G routers. 4RF's established presence across 300 critical infrastructure customers in 160 countries complements AVNW's existing portfolio.
The two companies' distinct customer bases, with around 90% non-overlapping, create significant cross-selling opportunities. This synergy can drive AVNW's expansion by reaching new markets and boosting revenue through broader product offerings.
On January 8, AVNW <a href="https://investors.aviatnetworks.com/news-releases/news-release-details/smartfren-telecom-and-aviat-establish-strategic-collaboration">announced a strategic collaboration</a> with PT Smartfren Telecom, Indonesia's only fully 4G-based telecommunication provider. The partnership aims to deliver high-speed wireless connectivity and digitalization services, offering both indoor and outdoor private wireless networks.
With approximately 36 million subscribers and being one of the top 10 largest operators in Southeast Asia, Smartfren offers a strong foothold in the region. By enhancing AVNW's competitive positioning through joint sales, solution engineering, and customer support, the collaboration sets the stage for deeper market penetration and customer growth.
During the fiscal 2024 third quarter that ended March 29, AVNW's revenue increased 33.7% year-over-year to $111.61 million. Its non-GAAP operating income grew 16.2% from the year-ago value to $10.80 million. Plus, the company's adjusted EBITDA rose 11.1% from the prior year's period to $12.05 million.
In addition, AVNW's non-GAAP net income increased 5.7% year-over-year to $9.38 million, while non-GAAP net income per share stood at $0.73.
The consensus revenue and EPS estimates of $484.16 million and $3.47 reflect an increase of 18.9% and 6.2% year-over-year, respectively. Moreover, the company surpassed the consensus EPS estimates in each of the four trailing quarters.
Shares of AVNW have gained 3.5% intra-day to close the last trading session at $22.09.
It's no surprise that AVNW has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Value and a B grade for Growth. Within the Technology – Communication/Networking industry, AVNW is ranked #6 of 47 stocks.
<a href="https://stocknews.com/stock/AVNW/">Click here</a> to access additional ratings of AVNW for Momentum, Sentiment, Quality, and Stability.
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HPE shares rose $0.66 (+3.83%) in premarket trading Tuesday. Year-to-date, HPE has gained 2.83%, versus a 19.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/hpe-qrvo-avnw-bcs-3-stocks-to-buy-as-the-5g-rollout-accelerates/>3 Stocks to Buy as the 5G Rollout Accelerates</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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