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Airship AI Holdings

Airship AI Holdings Inc is a robust AI-driven data management platform that solves complex data challenges for large institutions operating in dynamic and mission-critical environments with rapidly increasing volumes of data being ingested from a similarly rapidly growing number of data sources. Its primary offerings include Outpost AI, Acropolis, and Airship Command. Its offerings allow customers to manage their data across the full data lifecycle, when and where need it, using a secure permission-based architecture.

Airship AI Holdings, Inc - Class A Common Stock

Airship AI Holdings Inc

The Corporation for Public Broadcasting says it will shut down after Congress, following President Donald Trump's <a href="https://www.benzinga.com/news/legal/25/06/45766300/trump-sends-congress-9-4-billion-doge-cut-proposal-targeting-npr-pbs-lgbtq-initiatives-and-overseas-cl">spending cuts</a>, stripped $1.1 billion in previously approved funding.
<h2 class="wp-block-heading">CPB Begins ‘Orderly Wind-Down' After Six Decades</h2>
The Corporation for Public Broadcasting announced Friday it will begin winding down operations, citing the passage of a Trump-backed spending bill that eliminates its federal funding.
The decision marks the end of a 60-year legacy supporting locally owned NPR and PBS member stations across the U.S.
"Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations," said CPB President and CEO Patricia Harrison in a statement.
Most staff will exit by Sept. 30, the end of the fiscal year, with a small team remaining through January 2026 to manage the shutdown.
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46314088/trump-slams-democrats-over-inflation-narrative-says-he-cut-costs-more-than-any-president-in-history" target="_blank" rel="noreferrer noopener">Trump Slams Democrats Over Inflation Narrative, Says He Cut Costs ‘More Than Any President In History&#8217;</a>
<h2 class="wp-block-heading">Trump Administration Cuts Trigger Broad Criticism</h2>
The $1.1 billion funding cut for CPB was part of a larger $9 billion rescissions package backed by President Trump and passed by Congress last month. The Trump administration has long pushed to defund CPB, claiming <a href="https://www.benzinga.com/25/05/45181825/trump-calls-npr-and-pbs-biased-and-partisan-signs-executive-order-to-stop-funding">liberal bias at</a> NPR and PBS—claims the organizations have denied.
"Public media has been one of the most trusted institutions in American life," Harrison said, citing CPB's role in providing educational content, emergency alerts and cultural programming across the country.
<h2 class="wp-block-heading">Warren, Sanders Have Slammed GOP's Spending Cuts Targeting Public Media</h2>
Previously, Sen. Bernie Sanders (I-Vt.) voiced his <a href="https://www.benzinga.com/news/politics/25/07/46334514/bernie-sanders-says-in-the-us-presidents-dont-censor-the-media-slams-trump-administrations-move-to-cut-1-1-billion-from-pbs-another-step-toward-authoritarianism">concerns about budget cuts</a> to the CPB, saying, "In the U.S., presidents don&#8217;t censor the media. Freedom of the press sets us apart from dictatorships."&nbsp;
His response followed Trump's characterization of the Public Broadcasting Service as "radical, woke propaganda."
Sen. Elizabeth Warren (D-Mass.) also earlier <a href="https://www.benzinga.com/news/politics/25/07/46459302/elizabeth-warren-says-trump-backed-genius-clarity-bills-dont-address-his-corruption-or-stop-terrorists-from-using-crypto-to-blow-up-our-entire-economy">raised alarms about</a> the intent to cut billions from already approved federal spending, saying, "Donald Trump wants to GUT already approved funds for public media like Sesame Street, NPR, and your local stations," adding, "If he gets away with this, next time he&#8217;ll go after your community&#8217;s funding for education, housing, climate, you name it."
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Trump-Backed Spending Bill Forces CPB Shutdown After 60 Years of Public Broadcasting

Ghislaine Maxwell, the former associate of convicted sex offender Jeffrey Epstein, has been relocated from a federal prison in Florida to a lower-security facility in Texas to serve her 20-year sentence, her lawyer confirmed on Friday.
What Happened: Maxwell was transferred to the new facility after a two-day interview with the Justice Department&#8217;s second-ranking official, Deputy Attorney General Todd Blanche, in Tallahassee, Florida, last week, <a href="https://www.wsj.com/politics/policy/epstein-associate-ghislaine-maxwell-transferred-to-lower-security-prison-facility-dbddca30">reported</a> The Wall Street Journal.
Blanche, who previously served as President Donald Trump&#8216;s criminal-defense lawyer, questioned Maxwell as the administration faced criticism from Trump supporters demanding the release of all Epstein-related files.
See Also: <a href="https://benzinga.com/trading-ideas/movers/25/07/46767959/nio-stock-climbs-higher-as-investors-await-key-onvo-launch">NIO Stock Climbs Higher As Investors Await Key Onvo Launch&nbsp;</a>
Former Long Beach Mayor and Californian Congressman, Robert Garcia, in a post on X, stated that the idea of Trump siding with sex traffickers over the victims is disturbing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There's a cover-up happening at the White House. After years of promising to release the Epstein files, Donald Trump completely flipped. It&#39;s time to get the full files and release them to the public. <a href="https://t.co/g9P3eH7sE9">pic.twitter.com/g9P3eH7sE9</a>
&mdash; Congressman Robert Garcia (@RepRobertGarcia) <a href="https://twitter.com/RepRobertGarcia/status/1951307513258725851?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
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Why It Matters: This development comes after a series of events that have kept the Epstein case in the public eye. Earlier in July, Trump <a href="https://www.benzinga.com/news/politics/25/07/46270547/elon-musk-reignites-jeffrey-epstein-client-list-row-adding-fuel-to-the-feud-with-trump">disavowed support from Republicans</a> who believe the Epstein case to be a &#8220;hoax.&#8221; The Justice Department had also uncovered Trump&#8216;s name in <a href="https://www.benzinga.com/news/politics/25/07/46591231/trumps-name-reportedly-found-in-epstein-files-by-justice-department-pam-bondi-says-president-was-made-aware-of-the-findings">documents related to Epstein</a>, which was reportedly informed to Trump by Attorney General Pam Bondi.
Maxwell&#8217;s move to a lower-security prison follows her <a href="https://www.benzinga.com/news/politics/25/07/46565257/pam-bondi-orders-doj-to-meet-with-jeffrey-epstein-associate-ghislaine-maxwell-as-house-gop-prepares-for-her-testimony">meeting with Blanche</a> in July, where they discussed her potential cooperation with prosecutors. This meeting sparked a wave of speculation and bets on the crypto-powered prediction platform Polymarket, with Maxwell&#8217;s attorney describing the meeting as &#8220;very productive.&#8221;
Maxwell, who was convicted in 2021 for aiding Epstein&#8217;s trafficking, was <a href="https://www.benzinga.com/government/22/06/27854959/jeffrey-epsteins-accomplice-ghislaine-maxell-kept-on-suicide-watch-report">placed on suicide watch</a> in 2022 and shifted to solitary confinement, leading to a request for a delay in her sentencing.&nbsp;
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Epstein Associate Ghislaine Maxwell Moved To Lower-Security Texas Prison After DOJ Interview: Report

President Donald Trump on Friday ordered the firing of Bureau of Labor Statistics Commissioner Erika McEntarfer just hours after a <a href="https://www.benzinga.com/markets/equities/25/08/46809585/fed-interest-rates-trump-powell-jobs-data-wall-street">disappointing jobs report</a>, accusing her—without evidence—of manipulating employment data for political purposes.
<h2 class="wp-block-heading">Trump Blasts Jobs Report, Alleges Political Bias</h2>
In a post on Truth Social, Trump called the July jobs data "rigged" and directed his administration to terminate McEntarfer, who was confirmed with bipartisan Senate support earlier this year.
"In my opinion, today's Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election," he said.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01230336/Screenshot-2025-08-02-at-8.33.32%E2%80%AFAM.png" alt="" class="wp-image-1011695" style="width:473px;height:auto" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
"We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes."
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01230415/Screenshot-2025-08-02-at-8.34.09%E2%80%AFAM-854x1024.png" alt="" class="wp-image-1011699" style="width:376px;height:auto" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46798768/july-jobs-report-interest-rates-odds-trump-powell" target="_blank" rel="noreferrer noopener">Economists Flip To Trump's Side After Jobs Data–And Jerome Powell Is Now In Trouble</a>
<h2 class="wp-block-heading">BLS Report Shows Sharp Slowdown In Hiring</h2>
The Bureau of Labor Statistics reported Friday that the U.S. economy added just 73,000 jobs in July—far below expectations—and revised May and June job gains <a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market">downward by</a> more than 200,000.
McEntarfer Replaced By Acting Chief As Critics Warn Of Damage
Labor Secretary Lori Chavez-DeRemer said Deputy Commissioner Bill Wiatrowski will serve as acting head of BLS.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I agree wholeheartedly with <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> that our jobs numbers must be fair, accurate, and never manipulated for political purposes. A recent string of major revisions have come to light and raised concerns about decisions being made by the Biden-appointed Labor Commissioner. I… <a href="https://t.co/weGmbTPHVp">pic.twitter.com/weGmbTPHVp</a>
&mdash; Secretary Lori Chavez-DeRemer (@SecretaryLCD) <a href="https://twitter.com/SecretaryLCD/status/1951359558611349821?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
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An administration official confirmed that McEntarfer had been dismissed shortly after the data was released, <a href="https://www.nbcnews.com/business/economy/trump-orders-firing-bls-commissioner-weak-jobs-report-rcna222531">reported</a> NBC News.
The firing sparked alarm in Washington. Max Stier, CEO of the nonpartisan Partnership for Public Service, said, "President Trump is once again destroying the credibility of our government by firing expert and nonpartisan officials because he does not like the facts that they present," the report added.
Julie Su, former Labor Secretary under Joe Biden, defended McEntarfer, saying BLS career staff "do their jobs with care and pride" and "have also been attacked and vilified by this president," the report noted
McEntarfer was a longtime civil servant with previous roles at the Census Bureau and Treasury Department and had been confirmed in January with an 86–8 vote.
Vice President JD Vance, who supported her confirmation, now backs Trump's decision. "President Trump has the right to hire and fire the people he wants," said Vance's spokesperson, the report added.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump Fires Bureau Of Labor Statistics Chief Erika McEntarfer After Weak Jobs Report: 'Directed My Team To Fire This Biden Political Appointee'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook conducted a rare all-hands meeting at the company&#8217;s Cupertino, California, headquarters after the company's<a href="https://www.benzinga.com/markets/earnings/25/07/46776239/apple-q3-earnings-revenue-eps-smash-estimates-as-iphone-sales-jump-active-installed-base-reaches-new-highs"> fiscal third-quarter earnings</a>, emphasizing the importance of artificial intelligence as a pivotal opportunity for the tech giant.
Check out the current price of <a href="https://benzinga.com/quote/AAPL">AAPL stock here</a>.
What Happened: Despite being late to the AI market, Cook expressed confidence in Apple&#8217;s ability to innovate, as it has with past products, according to<a href="https://www.bloomberg.com/news/articles/2025-08-01/apple-ceo-tells-staff-ai-is-ours-to-grab-in-hourlong-pep-talk"> a</a> Bloomberg report.
Cook compared the AI revolution to significant technological advancements like the internet and smartphones, stating, &#8220;Apple must do this. Apple will do this. This is sort of ours to grab.&#8221;
Subscribe to the<a href="https://bztechtrends.beehiiv.com/subscribe"> Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
During the hourlong session, Cook addressed various topics, including the retirement of operating chief Jeff Williams, the expansion of Apple TV+ viewership, and advancements in health care through AirPods Pro technology.
He also discussed Apple&#8217;s commitment to becoming carbon neutral by 2030 and the challenges posed by global regulations.
Cook highlighted the company&#8217;s investment in AI, revealing that 12,000 employees were hired last year, with a significant portion in research and development. He urged staff to integrate AI into their work rapidly to avoid falling behind competitors.
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/08/46805962/trump-russia-medvedev-nuclear-submarines-vix-index-wall-street">Trump Issues Nuclear Threat To Russia–And Wall Street&#8217;s Fear Gauge Goes Vertical</a>
Senior Vice President Craig Federighi discussed the future of Siri, explaining that Apple is working on a new architecture for the voice assistant, aiming for a significant upgrade next year.
Why It Matters: The emphasis on AI comes amid mounting pressure for Apple to catch up with competitors like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Recently, Cook mentioned that Apple is<a href="https://www.benzinga.com/markets/tech/25/07/46781140/tim-cook-says-apple-is-very-open-to-ai-acquisitions-amid-mounting-pressure-to-catch-up-with-google-meta-and-microsoft"> &#8220;very open&#8221; to AI acquisitions</a>, indicating a strategic shift to accelerate its AI roadmap.
An analyst recently said that Apple faces an 18-month deadline to<a href="https://www.benzinga.com/markets/tech/25/07/46680504/apple-faces-18-month-deadline-to-deliver-on-ai-says-analyst"> deliver a compelling AI strategy</a>. This urgency underscores the importance of Cook&#8217;s rallying call to his staff.
The company is also launching a<a href="https://www.benzinga.com/markets/tech/25/07/46718104/tim-cook-moves-to-appease-trump-apple-launches-manufacturing-academy-in-detroit-set-to-commence-in-"> manufacturing academy in Detroit</a>, focusing on AI and manufacturing skills.
Cook recently reassured stakeholders that the<a href="https://www.benzinga.com/markets/tech/25/08/46783817/apple-ceo-tim-cook-says-iphone-still-central-to-future-tech-as-ex-design-chief-jony-ive-builds-ai-device-for-openai"> iPhone remains central</a> to Apple&#8217;s future tech strategy, viewing screenless AI devices as complementary rather than a threat.
Check out more of Benzinga&#8217;s Consumer Tech coverage by<a href="https://www.benzinga.com/topic/consumer-tech"> following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Laura Hutton on Shutterstock.com

Tech

AAPL

GOOG

GOOGL

MSFT

Tim Cook Says 'Apple Must Do This,' As He Compares AI To Internet, Smartphone Revolutions

OpenAI Chairman Bret Taylor recently voiced his support for computer science degrees, emphasizing their significance in fostering &#8220;systems thinking,&#8221; a crucial skill even in the era of AI coding.
What Happened: Taylor highlighted the enduring value of a computer science degree. According <a href="https://www.businessinsider.com/openai-chairman-computer-science-cs-degrees-ai-vibecoding-valuable-2025-8">to</a> a Business Insider report, he noted that the degree equips students with a deeper understanding of concepts such as Big O notation, complexity theory, randomized algorithms, and cache misses.
Despite the rapid proliferation of AI coding, Taylor believes that the computer science major remains relevant. He explained that the degree teaches &#8220;systems thinking,&#8221; a critical aspect of product development. This skill, according to Taylor, will continue to be essential even as AI coding tools advance.
See Also: <a href="https://benzinga.com/markets/cryptocurrency/24/12/42511716/bitcoin-as-neutral-reserve-asset-could-overhaul-financial-system-says-analyst">Bitcoin As &#8216;Neutral Reserve Asset&#8217; Could Overhaul Financial System, Says Analyst</a>
Taylor&#8217;s perspective aligns with that of other industry leaders. Aparna Chennapragada, Microsoft&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CPO, and Sameer Samat, Google&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) head of Android, have also emphasized the enduring value of computer science education.
Taylor stated, &#8220;Studying computer science is a different answer than learning to code, but I would say I still think it&#8217;s extremely valuable to study computer science.&#8221;
Why It Matters: Taylor&#8217;s endorsement of computer science degrees comes at a time when the value of traditional higher education is being questioned. A recent survey revealed that <a href="https://www.benzinga.com/news/education/25/07/46536110/degrees-no-longer-getajobfree-cards-shows-survey-gen-z-has-college-regrets-heres-why">one in four Gen Z workers regrets</a> attending college, with only about a third satisfied with their educational choices. This shift reflects a market where degrees no longer guarantee jobs.
Meanwhile, industry leaders like Daniel Lubetzky, the billionaire founder of KIND LLC and a judge on &#8220;Shark Tank,&#8221; are encouraging young people to <a href="https://www.benzinga.com/personal-finance/management/25/08/46801994/i-dont-think-college-is-an-end-all-be-all-says-shark-tanks-daniel-lubetzky-5-billion-founder-tells-gen-z-where-the-real-money-is-now">consider alternative career paths</a>, such as hands-on trades, as automation reshapes the job market.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Svet foto / Shutterstock.com

OpenAI Chairman Bret Taylor Believes This Degree Is Still Crucial In The AI Era: 'It's Extremely Valuable'

U.S. Treasury Secretary Scott Bessent said Friday he's optimistic about reaching a trade agreement with China as President Donald Trump launched a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">sweeping new round of tariffs</a> affecting dozens of countries.
<h2 class="wp-block-heading">Bessent Says US-China Trade Talks Are Advancing</h2>
Bessent briefly posted on X, formerly Twitter, that this week's trade talks in Stockholm made meaningful progress toward a U.S.-China deal, reported Reuters.
The post, which was deleted and reposted due to an apparent technical issue, stated: "This week&#8217;s negotiations in Stockholm have advanced our talks with China, and I believe that we have the makings of a deal that will benefit both of our great nations."
He added, "I am optimistic about the path forward."
In a Thursday interview with CNBC, Bessent added, "It's not 100% done," but confirmed U.S. negotiators "pushed back quite a bit" in the latest round of discussions. He highlighted that President Trump holds the <a href="https://www.benzinga.com/news/macro-notification/25/07/46714265/trump-has-the-final-say-on-extending-us-china-truce-says-scott-bessent-after-a-refined-tariff-talks">final authority on any deal</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46678919/nvidia-orders-another-300000-h20-chips-from-tsmc-as-soaring-china-demand-reverses-us-export-setback-report" target="_blank" rel="noreferrer noopener">Nvidia Orders Another 300,000 H20 Chips From TSMC As Soaring China Demand Reverses US Export Setback: Report</a>
<h2 class="wp-block-heading">China Faces Aug. 12 Deadline To Strike Long-Term Deal</h2>
China faces an Aug. 12 deadline to finalize a long-term tariff agreement with the U.S., following preliminary deals reached in May and June to de-escalate the ongoing trade war and avoid further restrictions on rare earth mineral exports.
<h2 class="wp-block-heading">Trump Escalates Global Trade War With New Tariffs</h2>
Meanwhile, President Trump signed an executive order on Thursday imposing fresh tariffs ranging from 10% to 41% on 69 countries, citing national security, fentanyl trafficking and unfair trade practices.
Canada, the U.S.'s largest trading partner, saw tariffs on many goods rise from 25% to 35%, with Trump accusing Ottawa of failing to cooperate on fentanyl enforcement.
Brazil, India, and Switzerland were also <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46745168/trump-leaves-good-friend-india-in-the-cold-strikes-trade-deal-with-arch-rival-pakistan-over-massive-oil-reserves">hit with new tariffs</a>, while Mexico secured a 90-day reprieve after President Claudia Sheinbaum spoke directly with Trump.
<h2 class="wp-block-heading">Experts Warn Of $500 Billion Hit To China If No Deal Is Reached</h2>
According to the Observatory of Economic Complexity, the failure to reach a U.S.-China deal by the deadline could cut Chinese exports to the U.S. by nearly <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46687133/china-risks-losing-488-billion-in-us-exports-without-trade-deal-protectionism-doesnt-protect">$500 billion by 2027</a>.
Former Commerce Secretary Wilbur Ross has cautioned that the U.S.-China trade war is <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46717555/trumps-ex-commerce-secretary-warns-china-wont-bow-to-us-like-eu-japan-if-theres-a-real-trade-war">"far from over,"</a> while economist Carlos Gutierrez said, "Protectionism doesn't protect. It strips a nation of its vitality."
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

Scott Bessent Says China Talks Optimistic As Trump Slaps Tariffs On Dozens Of Countries: 'We Have The Makings Of A Deal'

Adriana Kugler, a Federal Reserve governor, is stepping down from her position on August 8. Kugler, who joined the Fed in September 2023, was expected to serve until January 31, 2026.
What Happened: The Fed announced Kugler&#8217;s resignation, stating she will return to Georgetown University as a professor next autumn, according to a Reuters report.
Her early departure could impact the already complex succession process for Fed leadership, amid tense relations with President Donald Trump.
Kugler did not attend the recent Federal Open Market Committee meeting. Her exit may alter the timeline for the succession of Chair Jerome Powell, whose term concludes next May. Trump has frequently expressed dissatisfaction with Powell, believing interest rates should be significantly lower.
Trump now has the opportunity to appoint a new Fed governor to complete Kugler&#8217;s term. Speculation suggests he might choose a potential future chair for the position. The White House has not commented on the appointment, but Trump expressed satisfaction with the vacancy.
See Also:<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46733603/fed-holds-trump-powell-waller-bowman-interest-rates"> Fed Skips Rate Cut Again—But Reveals Something We Haven&#8217;t Seen Since 1993</a>
Analyst Derek Tang from LH Meyer remarked, &#8220;I would not read any political motivation into what [Kugler is] doing, although the consequence of what she&#8217;s doing is she&#8217;s calling Trump&#8217;s bluff.&#8221; The process of filling the governor&#8217;s role involves several complexities, including the possibility of a temporary recess appointment by Trump.
Why It Matters: Kugler&#8217;s resignation comes amid ongoing tensions between President Trump and Fed Chair Jerome Powell. Trump has been vocal about his desire for lower interest rates, even visiting the Fed headquarters to press Powell for cuts. Despite his criticisms, the Supreme Court has<a href="https://www.benzinga.com/news/politics/25/06/45913481/trump-rips-jerome-powell-over-rates-but-supreme-court-shields-fed-from-firing"> shielded Powell from being fired by Trump</a>.
In July, the Fed maintained its interest rates, resisting Trump&#8217;s demands for cuts. This decision was seen as<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46746117/fed-holds-rates-amid-trumps-demands-for-a-cut-powell-more-hawkish-than-anyone-expected-say-economists-historic-dissent-noted"> Powell being more hawkish</a> than anticipated, according to economists.
Kugler had earlier shown<a href="https://www.benzinga.com/government/24/10/41224292/feds-adriana-kugler-will-support-for-more-rate-cuts-if-inflation-declines"> support for rate cuts</a> if inflation declined, aligning with the Fed&#8217;s dual mandate of price stability and employment growth.
With Kugler&#8217;s departure, Trump has the chance to influence the Fed&#8217;s direction by appointing a new governor, potentially impacting future monetary policy and the leadership succession at the Fed.
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Federal Reserve Governor Adriana Kugler Resigns, Handing Trump A Key Vacancy Ahead Of Powell's Term End

A Florida jury has ruled against Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), ordering the Elon Musk-led electric vehicle giant to pay $243 million in a lawsuit stemming from a 2019 fatal crash involving its Autopilot feature.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: A Miami federal court jury awarded $129 million in compensatory damages and $200 million in punitive damages to the estate of Naibel Benavides Leon and her former boyfriend, Dillon Angulo, according to a Reuters report.
Tesla is liable for 33% of the compensatory damages, totaling $42.6 million, while the driver, George McGee, was found responsible for 67% but will not pay.
The plaintiffs&#8217; attorney, Brett Schreiber, criticized Tesla for allowing Autopilot use beyond controlled-access highways. Tesla plans to appeal, arguing that the verdict undermines automotive safety and the development of life-saving technology.
This case is the first trial involving a third-party wrongful death linked to Autopilot, potentially setting a precedent for future lawsuits. The incident occurred when McGee&#8217;s Model S collided with the victims&#8217; parked SUV, resulting in Benavides Leon&#8217;s death and Angulo&#8217;s severe injuries.
See Also:<a href="https://www.benzinga.com/markets/eurozone/25/08/46788714/teslas-european-woes-worsen-as-sales-decline-in-denmark-sweden-and-france-for-seventh-consecutive-month"> Tesla&#8217;s European Woes Worsen As Sales Decline In Denmark, Sweden And France For Seventh Consecutive Month</a>
Why It Matters: The verdict comes after <a href="https://www.benzinga.com/markets/tech/25/06/46156736/elon-musks-tesla-loses-bid-to-dismiss-fatal-crash-lawsuit-trial-set-for-july">Tesla&#8217;s failed attempt</a> to dismiss the lawsuit in June, as ruled by Judge Beth Bloom. This decision allowed the case to proceed, highlighting the potential design defects and failure to warn claims against Tesla.
Additionally, Tesla is facing scrutiny from the <a href="https://www.benzinga.com/markets/tech/25/07/46537614/elon-musks-tesla-could-lose-license-to-sell-cars-in-california-amid-autopilot-fsd-false-advertising-lawsuit-report">California DMV</a>, which has filed a lawsuit to potentially ban the company from selling cars in the state for 30 days over false advertising related to its Autopilot and Full Self-Driving features.
Furthermore, Tesla is under fire from New York officials over a bylaw change that restricts shareholder lawsuits, drawing criticism for what some investors call a &#8220;bait-and-switch&#8221; tactic. This legal landscape poses challenges for Elon Musk as he continues to position Tesla as a leader in autonomous driving technology.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ken Wolter / Shutterstock.com

TSLA

Elon Musk's Tesla Ordered To Pay $243 Million In Fatal Autopilot Crash Verdict: Report

Investor and entrepreneur Kevin O'Leary backed Donald Trump's <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">aggressive new tariffs</a>, saying markets care about policy—not political noise—and that capital is still flowing into the U.S. economy.
<h2 class="wp-block-heading">O'Leary Focuses On Policy, Not Politics</h2>
In a post on X on Friday, O'Leary, also known as "Mr Wonderful," said investors should ignore the drama and follow the money.
"Money follows the path of least resistance and it looks like right now, the bet remains on America," he wrote. "Even with all this volatility, all the politics, it&#8217;s the policy that matters. That is what determines where capital flows, not politicians, not the noise around political rhetoric."
"I'm an investor. I don't listen to all the noise. I listen to the policy, and I watch the money," O'Leary added. "And the money is coming to the U.S. economy because of the policy, and it looks pretty good right now."
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46714467/kevin-oleary-says-all-54-of-his-small-businesses-are-using-ai-to-cut-costs-stay-competitive-amid-tariffs">Kevin O&#8217;Leary Says All 54 Of His Small Businesses Are Using AI To Cut Costs, Stay Competitive Amid Tariffs</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Money follows the path of least resistance and it looks like right now, the bet remains on America. Even with all this volatility, all the politics, it&#39;s the policy that matters. That is what determines where capital flows, not politicians, not the noise around political… <a href="https://t.co/NmDjuvCBCb">pic.twitter.com/NmDjuvCBCb</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1951387280486412332?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h2 class="wp-block-heading">Markets Unfazed By Trump's Tariff Blitz</h2>
O'Leary's comments come after President Trump unveiled sweeping new tariffs on Thursday, including raising tariffs on Canadian goods from 25% to 35% and adding new duties on dozens of countries such as Vietnam, Taiwan and Switzerland.
Despite the broad scale of the tariff announcement, the market response was muted. S&amp;P 500 futures dipped only slightly.
Analysts say the lack of market reaction may <a href="https://www.benzinga.com/news/politics/25/08/46785847/the-trade-war-has-lost-all-credibility-markets-shrug-off-trumps-tariff-blitz-on-multiple-countries">reflect growing skepticism</a> about Trump following through, a phenomenon referred to online as the "TACO Trade" or "Trump Always Chickens Out."
Economist Peter Schiff described the situation <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46434910/trump-wont-chicken-out-again-peter-schiff-warns-of-classic-paradox-that-might-make-a-selloff-inevitable">as a "classic paradox" because</a> investors don't believe Trump will follow through on his tariff threats and markets aren't reacting. However, this lack of market panic may actually prompt Trump to implement the tariffs, as there&#8217;s no pressure deterring him.
<h2 class="wp-block-heading">Trump's Tariffs Called De Facto VAT By O'Leary</h2>
On the "Impact Theory" podcast this week, O'Leary compared Trump's tariffs to a de facto value-added tax (VAT), used in many countries.
"There&#8217;s no American VAT tax. However, what Trump has done is exactly that, and he&#8217;s called it something else," O'Leary said. "Who cares what it&#8217;s called? It&#8217;s a tax."
He added that if the tariffs stay in the 10%–15% range, "the economies can live with" it, calling the numbers "reasonable."
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Kevin O'Leary Defends Trump's Tariffs As Markets Shrug Off Hikes: 'I'm An Investor. I Don't Listen To All The Noise'

For years, Rose Han made her money linearly. She toiled away at her corporate job hour after hour, bringing home regular paychecks.
The money was good, enough to help her tackle six figures of student loans and begin investing, but not enough to live the lifestyle Han desired. So she began to explore the idea of "leveraged income."
"That&#8217;s a completely different mentality that we don&#8217;t learn in school,&#8221; Han told <a href="https://www.businessinsider.com/self-made-millionaire-shares-the-key-to-earning-leveraged-income-2025-7">Business Insider</a>. "Leverage is the explanation behind any significant wealth creation, no matter who you look at."
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Han, who now owns a <a href="https://rosehan.com/">financial literacy company</a>, broke down the idea of leveraged income this way. A personal trainer who works one-on-one with clients has zero leverage. &#8220;You show up, trade hours for dollars, and you get paid," she told the outlet.&nbsp;
Trainers who run group fitness classes and can work with multiple clients at once have what she calls "one-to-many" leverage. "Now they&#8217;re serving 10 people at once and therefore making about 10 times more,&#8221; she said.
The goal, though, is "one-to-infinity" leverage. This could look like a personal trainer who builds an app that can be downloaded by an endless number of people. Essentially, you do the work once and are able to reap the benefits for years to come. "That concept really was the key that I unlocked," she said.
For Han, the jump to "one-to-infinity" leverage didn't happen overnight.
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
She started her business in the basement of a co-working space, where she hosted regular classes based on her own experiences.&nbsp;
&#8220;I was just learning a lot on my financial awakening journey, so I wanted to share it,&#8221; she told Business Insider. &#8220;In the back of my mind, I thought, &#8216;OK, maybe there&#8217;s some way I could make this lucrative,&#8217; but that&#8217;s not the goal.&#8221;
After two years, she started posting some of her classes on YouTube.
&#8220;The idea that a video could reach millions of people, 24/7, for the rest of my life and even after, that was really just wild to me,&#8221; Han said. &#8220;I was skeptical because I&#8217;d never gone on camera. It was scary."
See Also: 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 $10.</a>
These days, her YouTube channel has nearly 1 million subscribers and has evolved into an entire company with online courses, brand deals, affiliate links, and even a book deal.
"I worked a lot to create that course, and it didn&#8217;t just happen in seven days, but I created something once that I could sell over and over and over and serve a lot of people. I created a lot of value with something, and so I got paid in that exponential way," she told Business Insider.
Those looking to emulate Han's success should start by asking themselves one question, she says: What value can I provide?
&#8220;I fully believe that the more value you provide, the more you can earn,&#8221; Han told the outlet. &#8220;And, if you think creatively enough, there&#8217;s no limit to how much value you can provide and therefore how much money you can earn.&#8221;
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
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Personal Finance

'The More Value You Provide, The More Money You Can Earn,' How This Self-Made Millionaire Employed 'One-To-Infinity' Leverage, Growing Her Net Worth

FLGC

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

ANGH

Gartner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) has outperformed the market over the past 15 years by 6.52% on an annualized basis producing an average annual return of 18.56%. Currently, Gartner has a market capitalization of $25.29 billion. 
Buying $1000 In IT: If an investor had bought $1000 of IT stock 15 years ago, it would be worth $13,001.19 today based on a price of $328.54 for IT at the time of writing.
<h3>Gartner's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754091923_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

News

Trading Ideas

If You Invested $1000 In This Stock 15 Years Ago, You Would Have This Much Today

Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) has outperformed the market over the past 5 years by 13.23% on an annualized basis producing an average annual return of 26.73%. Currently, Ameriprise Finl has a market capitalization of $47.34 billion. 
Buying $100 In AMP: If an investor had bought $100 of AMP stock 5 years ago, it would be worth $322.13 today based on a price of $501.52 for AMP at the time of writing.
<h3>Ameriprise Finl's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754091032_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Ameriprise Finl 5 Years Ago Would Be Worth This Much Today

American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) has outperformed the market over the past 20 years by 1.11% on an annualized basis producing an average annual return of 9.53%. Currently, American Express has a market capitalization of $204.78 billion. 
Buying $100 In AXP: If an investor had bought $100 of AXP stock 20 years ago, it would be worth $616.25 today based on a price of $294.27 for AXP at the time of writing.
<h3>American Express's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754090131_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning American Express Stock In The Last 20 Years

A Reddit user with just a year left on their car loan asked a simple but revealing question: &#8220;What's the longest you've owned a vehicle without a payment post-financing?&#8221;&nbsp;
The post, shared to <a href="https://www.reddit.com/r/retirement/comments/1mbgal8/can_i_hear_from_those_not_financially_secure/">r/MiddleClassFinance</a>, quickly exploded with responses—many of them pushing back hard against the idea that a car payment is just a fact of life.
<h2 class="wp-block-heading">The Debt-Free Driving Club Is Bigger Than You Think</h2>
The original poster explained they drive a 2016 subcompact SUV with 131,000 miles and are looking forward to paying off the $460-per-month loan. But people around them keep suggesting they trade it in for something new. &#8220;Their logic is &#8216;you'll always have a car payment aside from a few months to a year of your life at a time,'&#8221; they wrote. &#8220;I don't want to believe this.&#8221;
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Turns out, most commenters don't either.
&#8220;Who's telling you this?&#8221; one person replied. &#8220;I'm in my mid-forties and only on my second car in my entire life. I pay cash and run them until the wheels fall off.&#8221;
Another added, &#8220;Car payments are a plague on the middle class.&#8221;
A common theme emerged: many Redditors have avoided payments for years, sometimes decades, and they strongly encourage others to do the same. One person said they haven't had a car payment since 2007, and another bragged about 21 years payment-free.
<h2 class="wp-block-heading">Repairs Vs. Payments</h2>
People emphasized that even when repairs come up, they're often still cheaper than starting a new loan.
&#8220;Repairs are part of life. My current car has 190K miles on it and repairs certainly have been more frequent, probably about $1,000-$1,500 per year,&#8221; one person wrote. &#8220;That <a href="https://www.benzinga.com/personal-finance/25/04/44752907/dave-ramsey-says-if-you-want-to-know-what-driving-a-new-car-really-costs-open-your-car-window-once-a-week-and-toss-out-a-100-bill">pales in comparison</a> to a probably minimum $300-400/month car payment, plus increased insurance and registration costs and depreciation.&#8221;
Others pointed out that learning basic maintenance can help a car last much longer without needing a mechanic for everything.
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
<h2 class="wp-block-heading">Keep The Car, Pay Yourself</h2>
Many offered the same advice: keep driving the car and bank the monthly payment instead.
&#8220;You've already built your lifestyle around that car payment,&#8221; one commenter said. &#8220;So don't change that when the loan ends—just direct the payment to a car savings account.&#8221;
Several people claimed to have saved tens of thousands of dollars doing just that. One person calculated they had saved $30,000 over five years, which grew to about $45,000 after investing it.
<h2 class="wp-block-heading">Status, Marketing And Pressure</h2>
Many pointed out how marketing and social pressure make people think they need a new car.
&#8220;It's a weird sentiment that people have,&#8221; one commenter said. &#8220;They feel like they need to upgrade cars like they upgrade their phone every year.&#8221;
See Also: <a href="https://www.benzinga.com/money/arrived-private-credit-fund">Bezos' Favorite Real Estate Platform Launches A Way To Ride The Ongoing Private Credit Boom</a>
Another recalled coworkers who judged them for driving an older car. Most of them later complained about BMW repair bills or being upside down on their loan. Eventually, they started &#8220;seeing the light.&#8221;
A few people defended having more than one vehicle per household, citing convenience, family needs or job-related demands. But even those voices often admitted they preferred to avoid payments when possible.
Commenters were nearly unanimous that trading in a nearly paid-off car for a <a href="https://www.benzinga.com/25/05/45545468/average-new-car-loan-payment-is-750-and-costs-are-rising-suze-orman-urges-families-to-consider-if-they-could-get-by-with-one-less-car">new loan</a> just to avoid repairs is financially backward.
&#8220;These people in your ear are destined to stay poor and in the middle class forever,&#8221; one wrote. &#8220;Constant car loans are one of the biggest <a href="https://www.benzinga.com/personal-finance/24/10/41595894/1-in-4-americans-are-now-trapped-in-upside-down-car-loans-heres-how-much-they-owe-as-debt-reache">drains on middle-class wealth</a> there is.&#8221;
In short, the thread became a massive vote of confidence in long-term car ownership, deferred gratification, and resisting peer pressure.&nbsp;
Read Next: 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 $10.</a>
Image: Shutterstock

Most People Today Have Car Payments, But One Owner Now Asks What Few Even Think About: What's The Longest You've Gone Without One?

Shopify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) has outperformed the market over the past 15 years by 11.48% on an annualized basis producing an average annual return of 23.52%. Currently, Shopify has a market capitalization of $153.87 billion. 
Buying $100 In SHOP: If an investor had bought $100 of SHOP stock 15 years ago, it would be worth $2,364.43 today based on a price of $118.60 for SHOP at the time of writing.
<h3>Shopify's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754089232_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SHOP

Here's How Much You Would Have Made Owning Shopify Stock In The Last 15 Years

Live Nation Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) has outperformed the market over the past 10 years by 7.65% on an annualized basis producing an average annual return of 19.2%. Currently, Live Nation Entertainment has a market capitalization of $34.21 billion. 
Buying $100 In LYV: If an investor had bought $100 of LYV stock 10 years ago, it would be worth $572.20 today based on a price of $146.14 for LYV at the time of writing.
<h3>Live Nation Entertainment's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754088332_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Live Nation Entertainment 10 Years Ago Would Be Worth Today

McKesson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) has outperformed the market over the past 5 years by 21.3% on an annualized basis producing an average annual return of 34.8%. Currently, McKesson has a market capitalization of $87.28 billion. 
Buying $100 In MCK: If an investor had bought $100 of MCK stock 5 years ago, it would be worth $437.02 today based on a price of $698.80 for MCK at the time of writing.
<h3>McKesson's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754087430_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In McKesson 5 Years Ago Would Be Worth This Much Today

Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) has outperformed the market over the past 5 years by 7.32% on an annualized basis producing an average annual return of 20.82%. Currently, Energy Transfer has a market capitalization of $61.22 billion. 
Buying $1000 In ET: If an investor had bought $1000 of ET stock 5 years ago, it would be worth $2,639.47 today based on a price of $17.84 for ET at the time of writing.
<h3>Energy Transfer's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1754086528_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Energy Transfer Stock In The Last 5 Years

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