Apple Hospitality REIT Bolsa (NYSE: APLE)

Últimas noticias sobre Apple Hospitality REIT (NYSE:APLE) Bolsa

Apple Hospitality REIT

Apple Hospitality REIT Inc is a real estate investment trust that invests in income-producing real estate, majorly in the lodging sector, in the United States. It chiefly invests in upscale service hotels. All of the company's hotels operate under the Marriott or Hilton brands. Apple Hospitality has wholly-owned taxable REIT subsidiaries, which lease all of the company's hotels from wholly-owned qualified REIT subsidiaries. These hotels are managed under separate agreements with various hotel management companies that are unaffiliated with Apple Hospitality. The company derives its income from hotel revenue, its sole segment.

Ken Fisher, the founder of Fisher Investments, has cautioned investors about a prevalent mistake during market downturns, which he terms &#8220;Breakevenitis.&#8221; This warning comes amidst growing concerns about market volatility and potential bubbles.
What Happened: Fisher, whose firm manages over $332 billion, explained that this phenomenon involves investors selling stocks once they return to their original purchase price after a downturn, according to a report<a href="https://www.thestreet.com/investing/billionaire-fund-manager-describes-one-word-phenomena-holding-back-your-portfolio"> by</a> The Street.
Fisher, known for his extensive experience navigating various market crises, emphasized that market corrections and bear markets are frequent occurrences.
He noted that investors often react emotionally, selling stocks during downturns due to fear of losses, which can negatively impact long-term portfolio performance.
See Also:<a href="https://www.benzinga.com/personal-finance/financial-advisors/25/07/46646681/warren-buffett-issues-urgent-warning-on-looming-social-security-cuts"> Warren Buffett Issues Urgent Warning On Looming Social Security Cuts</a>
According to Fisher, historical data show that markets typically recover and continue to rise after downturns. He advised investors to resist the urge to sell at breakeven and instead focus on the potential gains that follow market recoveries.
Fisher&#8217;s insights are backed by economic theories on loss aversion, highlighting the importance of maintaining a long-term perspective in investing.
Why It Matters: Fisher&#8217;s warning comes at a time when concerns about a potential <a href="https://www.benzinga.com/markets/large-cap/25/07/46641084/wall-street-stock-bubble-2025">stock market bubble</a> are growing louder.
In July, experts from major financial institutions like Goldman Sachs and Bank of America pointed to speculative activities and market concentration reminiscent of past financial manias. These red flags suggest that the market could be on the brink of a significant correction.
Understanding the risks associated with &#8220;Breakevenitis&#8221; is crucial for investors, especially in a climate where market bubbles are being widely discussed.
Read Next:
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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

Equities

As Stock Market Bubble Fears Mount, Ken Fisher Warns Of Common Investor Mistake

Chinese Premier Li Qiang has proposed the establishment of a global organization to promote international cooperation in the field of artificial intelligence (AI).
What Happened: Premier Li made this proposal during the World Artificial Intelligence Conference (WAIC) in Shanghai, Reuters reported on Friday.
He emphasized the need for a unified global framework for AI governance, citing the current fragmented state of AI regulation and institutional rules across different countries.
Li&#8217;s proposal comes amidst the ongoing technological rivalry between China and the United States, the world&#8217;s two largest economies.
The U.S. has imposed export restrictions on advanced technology to China, including high-end AI chips, over concerns about their potential military applications.
Despite these restrictions, China continues to make significant AI advancements, drawing scrutiny from U.S. officials. Li warned that AI could become an &#8220;exclusive game&#8221; for a few countries and companies, highlighting challenges such as a shortage of AI chips and restrictions on talent exchange.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46557760/bitcoin-eyes-120000-as-ethereum-xrp-dogecoin-weaken">Bitcoin Eyes $120,000 As Ethereum, XRP, Dogecoin Weaken</a>
He also expressed China&#8217;s willingness to share its AI development experience and products with other countries, especially those in the Global South.
Why It Matters: The proposal for a global AI cooperation organization by China&#8217;s Premier Li Qiang is a significant move in the ongoing <a href="https://www.benzinga.com/markets/tech/25/07/46567115/anthropic-warns-us-falling-behind-china-in-ai-arms-race-as-energy-crisis-threatens-2028-infrastructure-goals">tech rivalry</a> between China and the U.S.
This proposal comes at a time when China is making substantial strides in AI, despite U.S. export restrictions. It also underscores the growing importance of AI in global technological competition and the need for international cooperation in its development and regulation.
China&#8217;s AI advancements have been notable, with the country&#8217;s tech giants such as Huawei and Alibaba (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) showcasing their <a href="https://www.benzinga.com/markets/tech/25/07/46626379/alibaba-chinese-tech-firms-slash-ai-model-prices-to-win-developers">latest innovations</a> at the WAIC. This proposal could potentially reshape the global AI landscape and influence the future of AI development and regulation.&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: YAKOBCHUK V on Shutterstock.com

Tech

BABA

China Pushes For Global AI Body Amid Rising Tensions With US Over Tech Exports: Report

On Friday,&nbsp; Cathie Wood-led Ark Invest made significant trades in the market, with the most prominent ones being in Veracyte Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCYT#NASDAQ">VCYT</a>), Iridium Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>), CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>), Kratos Defense &amp; Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), Absci Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>), Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), Adaptive Biotechnologies Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) and Guardant Health Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>).
The ABSI Trade
Ark&#8217;s ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) bought a whopping 2,248,226 shares of Absci Corp, a drug discovery and development company.
See Also: <a href="https://benzinga.com/news/topics/25/07/46643607/its-the-craziest-gamble-ever-says-joe-rogan-about-insurance-you-pay-and-cross-your-fingers-theyll-act">&#8216;It&#8217;s The Craziest Gamble Ever,&#8217; Says Joe Rogan About Insurance. You Pay And Cross Your Fingers They&#8217;ll Actually Cover You</a>
The VCYT Trade
Ark Invest&#8217;s ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) purchased 262,141 shares of Veracyte Inc., a leading genomic diagnostics company. This move aligns with Ark&#8217;s focus on disruptive innovation in the healthcare sector.
The IRDM Trade
Iridium Communications Inc., a company that provides satellite communications worldwide, saw a significant investment from Ark. The ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARKK bought a combined total of 66,763 shares.
The CRSP Trade
Ark Invest sold 249,108 shares of CRISPR Therapeutics AG across the ARKG and ARKK ETFs.
The KTOS Trade
Ark&#8217;s ARKQ and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) sold 36,628 shares of Kratos Defense and Security Solutions Inc., a leading provider of unmanned systems, satellite communications, and warfighter solutions.
Other Key Trades:
<ul class="wp-block-list">
<li>AKRG sold 1,916 shares of Veeva Systems Inc.</li>
<li>ARKG sold 75,523 shares of Adaptive Biotechnologies Corp.</li>
<li>ARKG sold 37,350 shares of Guardant Health Inc.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/25/07/46621957/cathie-wood-pounces-on-tesla-dip-ark-snaps-up-43-7-million-in-ev-stock-while-ditching-crypto-shares-amid-bitcoin-frenzy">Cathie Wood Pounces On Tesla Dip: Ark Snaps Up $43.7 Million In EV Stock While Ditching Crypto Shares Amid Bitcoin Frenzy</a></li>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ETFs

ABSI

ADPT

ARKG

ARKK

ARKQ

ARKX

CRSP

IRDM

KTOS

VCYT

VEEV

Cathie Wood's Ark Invest Loads Up On Absci, Offloads CRISPR Therapeutics

Despite President Donald Trump's assertion that the U.S. will sell "so much" beef to Australia, economists and traders say supply shortages and record-high prices make major exports unrealistic.
What Happened: On Thursday, Australia eased longstanding biosecurity restrictions on <a href="https://www.benzinga.com/personal-finance/25/04/44790753/howard-lutnick-calls-out-eu-over-beef-restrictions-unbelievable-they-wont-take-our-chicken-our-lobsters-or-our-corn">U.S. beef imports</a>, prompting Trump to declare on Truth Social, "We are going to sell so much to Australia because this is undeniable and irrefutable proof that U.S. Beef is the safest and best in the entire world."
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/26003728/Screenshot-2025-07-26-at-10.07.24%E2%80%AFAM-1024x612.png" alt="" class="wp-image-1001724" style="width:543px;height:auto" /><figcaption class="wp-element-caption">Source: Truth Social </figcaption></figure>
But livestock traders and economists quickly pushed back, reported Reuters.
"We can't get enough beef in the U.S. right now, so we're bringing it in from Australia and Brazil," said Dan Norcini, an independent U.S. livestock trader. "We're not going to be selling anything significant to anyone."
The U.S. cattle herd is at its lowest in decades—94.2 million head as of July 1—due to drought and feed shortages, the report said.
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/07/46590373/elon-musk-richest-man-alive-is-asked-how-he-feels-about-being-labeled-evil-billionaire-its-not-like-ive-got-some-massive-cash-balance" target="_blank" rel="noreferrer noopener">Elon Musk, Richest Man Alive, Is Asked How He Feels About Being Labeled ‘Evil Billionaire&#8217; — ‘It&#8217;s Not Like I&#8217;ve Got Some Massive Cash Balance&#8217;</a>
Last year, Australia exported nearly 400,000 metric tons of beef to the U.S., while American exports to Australia totaled just 269 tons.
"They have more cattle than people," said David Anderson, agricultural economist at Texas A&amp;M University. "That's why they export so much."
Why It Matters: While egg prices are falling, beef prices have surged to record <a href="https://www.benzinga.com/news/restaurants/25/07/46561796/beef-its-whats-for-dinner-if-you-can-afford-it">highs in 2025</a>, pushing grocery bills higher.
Ground beef now averages $6.12 per pound (up nearly 12% year-over-year), and steaks are around $11.49 per pound.
Key factors include shrinking cattle herds (lowest since 1951), persistent drought, costly feed, high interest rates and trade restrictions—such as a U.S. suspension of cattle imports from Mexico and a 50% tariff on Brazilian beef starting Aug. 1.
Despite rising prices, U.S. consumer demand for beef remains strong. However, companies like Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) may benefit if shoppers shift to pork or chicken, while plant-based alternatives like Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) and Impossible Foods could also see gains.
Tyson Foods Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) CEO has called this the &#8220;most challenging market&#8221; for beef in the company's history.
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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: Maxim Elramsisy / Shutterstock.com

Politics

BYND

US Can't Meet Its Own Beef Demand, Let Alone Export 'So Much' To Australia, Say Traders After Trump's Boast: 'Not Going To Be Selling Anything…'

The Federal Emergency Management Agency (FEMA) is set to distribute $608 million to states for the construction of immigrant detention centers, a move aligned with the Donald Trump administration&#8217;s efforts to bolster capacity for detaining migrants.
What Happened: FEMA announced the initiation of a &#8220;detention support grant program&#8221; that will cover the expenses of states in building temporary facilities, according <a href="https://www.cnbc.com/2025/07/25/fema-to-send-states-608-million-to-build-migrant-detention-centers.html">to</a> a CNBC report. States have until August 8 to apply for these funds.
This program is part of the administration&#8217;s strategy to encourage states to develop their facilities for detaining migrants, with FEMA partnering with U.S. Customs and Border Protection to distribute the funds.
Florida&#8217;s Republican Governor, Ron DeSantis, has already expressed the state&#8217;s intention to apply for FEMA reimbursement to fund its new immigrant detention center, dubbed &#8220;Alligator Alcatraz.&#8221; The facility is estimated to cost $450 million annually.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46612914/bitcoin-could-go-to-300000-before-great-depression-crisis-traders-argue">Bitcoin Could Go To $300,000 Before &#8216;Great Depression&#8217; Crisis, Traders Argue</a>
These funds will be distributed through FEMA&#8217;s shelter and services program, which was directed by Congress during the Biden administration to cover the costs of sheltering migrants for state and local governments, as well as nonprofits.
Why It Matters: This move comes in the wake of the Trump administration&#8217;s aggressive immigration policy, which has led to a surge in profits for private prison operators. The administration&#8217;s $45 billion immigration policy has significantly boosted the fortunes of Geo Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>), the two <a href="https://www.benzinga.com/news/politics/25/07/46284121/trumps-45-billion-immigration-policy-supercharges-profits-for-private-prisons-under-big-beautiful-bill">largest private prison contractors</a>.
Florida, under the Trump administration, opened its state-run immigrant detention camp, &#8220;Alligator Alcatraz,&#8221; in the Everglades, with plans to expand it to hold 10,000 detainees. 
The administration&#8217;s aggressive <a href="https://www.benzinga.com/news/politics/25/06/45967200/ice-could-run-out-of-money-in-weeks-trumps-immigration-push-now-threatens-to-break-the-budget-report">immigration stance</a> has also caused a financial strain on the Immigration and Customs Enforcement (ICE), with the agency at risk of running out of funds by next month.
However, not everyone is on board with the administration&#8217;s immigration policies. Jamie Dimon, the CEO of JPMorgan Chase &amp; Co., has criticized the U.S.&#8217;s immigration policies, warning of <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45990167/jamie-dimon-sounds-alarm-on-us-immigration-policies-obsolete-tech-in-defense-strategy-well-be-out-of-missiles-in-seven-days">potential economic vulnerabilities</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: Shutterstock

FEMA Commits $608 Million To Support Trump's Migrant Detention Expansion

Amid growing concerns about the financial burden of developing new AI models, Bret Taylor, chairman of OpenAI, has issued a cautionary note to AI entrepreneurs.
Taylor, who has a background with tech giants like Google and Facebook, highlighted the substantial costs involved in training new AI models.
What Happened: During a recent episode of the Minus One podcast, Taylor advised against the creation of new AI models due to their financial demands.
He suggested that only major industry players such as OpenAI, Anthropic, Google, or Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have the resources to undertake such projects.
Taylor emphasized that the high costs act as a barrier, preventing the emergence of an &#8220;indie data center market.&#8221;
Instead, Taylor recommended that AI entrepreneurs focus on building services and use-cases, collaborating with established AI companies.
This approach could benefit giants like OpenAI, which offers &#8220;tokens&#8221; for API access, allowing developers to integrate AI into their applications. He also suggested exploring opportunities in the &#8220;AI tools market&#8221; or creating &#8220;applied AI companies,&#8221; similar to SaaS applications from 2010.
See Also: <a href="https://benzinga.com/markets/tech/25/07/46625981/jensen-huang-says-hes-created-more-billionaires-than-any-ceo-dont-feel-sad-for-anybody-at-my-layer">Jensen Huang Says He&#8217;s Created More Billionaires Than Any CEO: &#8216;Don&#8217;t Feel Sad For Anybody At My Layer&#8217;</a>
Taylor warned that developing AI models from scratch could quickly &#8220;destroy your capital,&#8221; as they are &#8220;fast-depreciating assets&#8221; requiring significant investment.
Why It Matters: OpenAI&#8217;s<a href="https://www.benzinga.com/markets/tech/25/07/46538119/openai-is-spending-billions-to-stay-ahead-in-ai-but-jpmorgan-warns-this-vibe-spending-could-push-investors-to-their-limit"> aggressive spending on talent</a> and R&amp;D has raised concerns among investors, with JPMorgan analysts warning that such &#8220;vibe spending&#8221; could push investors to their limit.
Despite these concerns, OpenAI continues to push forward with ambitious projects, such as its partnership with Oracle to<a href="https://www.benzinga.com/markets/tech/25/07/46570838/elon-musk-6-months-ago-said-softbank-doesnt-have-the-money-to-power-500-billion-stargate-project-now-openai-says-5gw-with-oracle-will-exceed-the-initial-commitment-made-wit"> expand Stargate data center capacity</a> by 4.5 gigawatts, aiming to bolster U.S. AI leadership.
Meanwhile, OpenAI&#8217;s recent achievements, like its AI model solving problems at the <a href="https://www.benzinga.com/markets/tech/25/07/46511716/openais-new-ai-model-solves-5-out-of-6-problems-on-the-worlds-toughest-math-olympiad-but-critics-say-it-stole-the-spotlight-from-student-geniuses">International Mathematical Olympiad</a>, have drawn criticism for overshadowing human competitors.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Google, Facebook, Then Sierra &#x7C; Bret Taylor" width="500" height="281" src="https://www.youtube.com/embed/tGUsIg9fLkA?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>
</div>
</figure>
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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 Says Only Tech Giants Can Afford New AI Models—Startups Should Focus On Applications

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has officially named Shengjia Zhao, a former OpenAI researcher, as Chief Scientist of its newly formed Superintelligence Labs.
What Happened: On Friday, Meta CEO Mark Zuckerberg announced Zhao's appointment on Threads, highlighting his central role in building the company's new frontier AI unit.
"I'm excited to share that Shengjia Zhao will be the Chief Scientist of Meta Superintelligence Labs," Zuckerberg said in a memo he shared.
"Shengjia co-founded the new lab and has been our lead scientist from day one. Now that our recruiting is going well and our team is coming together, we have decided to formalize his leadership role."
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25232631/Screenshot-2025-07-26-at-7.35.48%E2%80%AFAM-1024x717.png" alt="" class="wp-image-1001668" /><figcaption class="wp-element-caption">Source: Threads</figcaption></figure>
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46400815/meta-commits-hundreds-of-billions-to-build-massive-ai-clusters-in-race-for-superintelligence">Meta Commits &#8216;Hundreds Of Billions&#8217; To Build Massive AI Clusters In Race For Superintelligence</a>
Zhao previously contributed to some of OpenAI's most significant breakthroughs, including ChatGPT, GPT-4 and the "o1" reasoning model.
At Meta Superintelligence Labs, Zhao will work under the leadership of Alexandr Wang, former CEO of Scale AI, who was <a href="https://www.benzinga.com/markets/tech/25/06/46019178/why-metas-superintelligence-project-lead-alexandr-wang-says-it-is-a-strange-time-to-be-a-scientist">brought in to head the lab</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">We are excited to announce that <a href="https://twitter.com/shengjia_zhao?ref_src=twsrc%5Etfw">@shengjia_zhao</a> will be the Chief Scientist of Meta Superintelligence Labs! Shengjia is a brilliant scientist who most recently pioneered a new scaling paradigm in his research. He will lead our scientific direction for our team. Let&#39;s go &#x1f680; <a href="https://t.co/D93KQWIvFl">pic.twitter.com/D93KQWIvFl</a>
&mdash; Alexandr Wang (@alexandr_wang) <a href="https://twitter.com/alexandr_wang/status/1948834974205182454?ref_src=twsrc%5Etfw">July 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Meta has been ramping up infrastructure support for MSL, with Zhao and his team set to gain access by 2026 to Prometheus, a 1-gigawatt cloud computing cluster located in Ohio, <a href="https://techcrunch.com/2025/07/25/meta-names-shengjia-zhao-as-chief-scientist-of-ai-superintelligence-unit/">reported</a> TechCrunch.
With Zhao joining the team, Meta now has two top AI scientists, including Yann LeCun, who heads the company's FAIR lab.
FAIR, unlike MSL, is dedicated to long-term AI research, exploring methods that could come into play over the next five to ten years. However, it remains unclear how Meta plans to coordinate its three AI divisions, the report said.
Price Action: Meta shares declined by 0.30% on Friday but edged up 0.16% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings indicate that META continues to trend upward across short-, medium-, and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance data can be found here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25232707/Screenshot-2025-07-26-at-8.53.53%E2%80%AFAM.png" alt="" class="wp-image-1001669" /></a></figure>
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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: Frederic Legrand &#8211; COMEO / Shutterstock.com

News

Mark Zuckerberg Names OpenAI Veteran Shengjia Zhao As Chief Scientist Of Meta Superintelligence Labs

The National Aeronautics and Space Administration (NASA) has confirmed a substantial reduction in its workforce.
What Happened: According to the Reuters report, a NASA spokesperson revealed on Friday that approximately 20% of the agency&#8217;s employees are expected to leave soon. This equates to around 3,870 individuals, although the exact number could change in the coming days. 
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46600810/332-million-to-minus-85-million-why-are-ethereum-etfs-suddenly-more-popular-than-bitcoin-etfs">$332 Million To Minus $85 Million: Why Are Ethereum ETFs Suddenly More Popular Than Bitcoin ETFs?</a>
The remaining workforce will consist of roughly 14,000 employees.
Why It Matters: This move by NASA follows a series of significant workforce changes in the U.S. government. Earlier in July, the Trump administration <a href="https://www.benzinga.com/news/politics/25/07/46380710/trump-administration-lays-off-over-1350-state-department-employees-after-getting-supreme-court-go-ahead">laid off over 1,350 employees</a> from the State Department as part of a broader restructuring initiative under the Department of Government Efficiency (DOGE).
These layoffs, which affected both civil service and foreign service officers, sparked criticism amid the ongoing international crises.
Just two days before the State Department layoffs, the U.S. Supreme Court removed a key legal barrier to President Donald Trump&#8216;s <a href="https://www.benzinga.com/news/politics/25/07/46313304/trumps-federal-job-cuts-gets-supreme-court-go-ahead-doge-outpaces-big-tech-in-layoffs-across-us-bureaucracy">mass federal workforce reduction plans</a>. This ruling potentially impacted tens of thousands of government employees and reshaped bureaucratic operations across various market sectors.
These developments, along with NASA&#8217;s recent announcement, underscore a broader trend of significant workforce changes within the U.S. government, potentially impacting the country&#8217;s ability to address global challenges.
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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: Pandora Pictures / Shutterstock.com

SPACE

NASA Confirms Major Workforce Reduction: 1 in 5 Employees Expected To Leave

The stock trade made by the wife of Rep. Mike Kelly (R-Pa.) has sparked concerns about insider information. The House Ethics Committee, however, did not find enough evidence to prove that Kelly violated insider-trading laws.
What Happened: The House Ethics Committee released a report on Friday, which expressed &#8220;serious concerns&#8221; about stock purchases made by Kelly&#8217;s wife in 2020, <a href="https://www.wsj.com/politics/policy/stock-trade-by-lawmakers-wife-fuels-insider-information-concerns-46a7645c">reported</a> The Wall Street Journal.
The report found that Kelly had breached the House&#8217;s code of conduct by not being forthcoming during the investigation into his wife&#8217;s stock purchase. The report&#8217;s public release is intended to serve as a reprimand for his actions.
See Also: <a href="https://benzinga.com/news/topics/25/07/46606682/microsoft-is-betting-big-on-a-startup-that-injects-human-and-animal-waste-into-rocks-to-offset-14-9m-">Microsoft Is Betting Big On A Startup That Injects Human And Animal Waste Into Rocks To Offset 14.9M Tons Of Emissions</a>
The stock in question was purchased by Victoria Kelly a day after a significant tariff decision. The company, Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), operated a local steel plant that was at risk of closure. The report did not establish any violations of insider-trading laws by Kelly.
Why It Matters: The Office of Congressional Ethics deemed Victoria Kelly's stock purchase "uncharacteristic." The immediate occurrence after Rep. Kelly's office learned of favorable federal actions for Cleveland-Cliffs, suggesting potential use of nonpublic information.
The case marks a definitive instance where a formal ethics review was initiated due to a lawmaker&#8217;s spouse engaging in stock trading connected to her husband&#8217;s official duties.
Price Action: CLF stock closed up at 4.86% at $11.44 during <a href="https://www.benzinga.com/quote/CLF">regular trading hours</a> on July 25.
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Photo courtesy: khunkornStudio via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Insider Trading Concerns Swirl Around Rep. Mike Kelly After Wife's 'Uncharacteristic' Stock Buy

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) on Friday said that it has received multiple shareholder proposals concerning the company's <a href="https://www.benzinga.com/markets/tech/25/07/46386582/elon-musk-wants-tesla-to-invest-in-xai-but-its-up-to-shareholders-this-analyst-says-grok-is-worth-the-bet">potential investment</a> in Elon Musk's artificial intelligence startup, xAI.
What Happened: In a statement shared on X, Tesla acknowledged growing shareholder interest in the proposed investment in Grok's parent company.
"Thanks for your engagement in this shareholder proposal process! We have received a number of shareholder proposals on xAI," the company said.
Citing U.S. Securities and Exchange Commission rules, Tesla stated that it will "include one properly submitted proposal on each topic" in its annual proxy statement.
"We would invite the shareholder who made the first proper submission on the topic to attend our shareholder meeting in person," the company added.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46643657/tesla-shares-rise-nearly-4-on-bay-area-robotaxi-launch-hopes">Tesla Shares Rise Nearly 4% On Bay Area Robotaxi Launch Hopes</a>
<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">Thanks for your engagement in this shareholder proposal process! We have received a number of shareholder proposals on xAI. Consistent with SEC rules, our proxy statement would include one properly submitted proposal on each topic, and we would invite the shareholder who made…
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1948852643754807696?ref_src=twsrc%5Etfw">July 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Tesla&#8217;s annual shareholder meeting is scheduled for Nov. 6, and the deadline for submitting proposals is July 31. Those interested in attending were advised to look out for Tesla's proxy for more details.
Musk previously ruled out a merger between Tesla and xAI but said a shareholder vote on a potential investment is being planned.
&#8220;It&#8217;s not up to me. If it was up to me, Tesla would have invested in xAI long ago. We will have a <a href="https://www.benzinga.com/markets/tech/25/07/46435076/gary-black-says-shareholder-vote-the-fairest-way-to-decide-on-tesla-xai-merger-questions-elon-musks-plans-to-sell-xai-likely-to-grow">shareholder vote</a> on the matter,&#8221; he stated in a statement earlier this month.
The xAI-related proposals arrive amid heightened scrutiny of Musk's cross-company dealings and AI ambitions. Earlier this year, xAI raised $10 billion in combined debt and equity financing and <a href="https://www.benzinga.com/tech/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">acquired social media platform</a> X to bolster its chatbot Grok.
Price Action: Tesla shares have declined 21.74% so far this year, but over the past 12 months, the stock has gained 43.50%. On Friday, the stock rose 3.52% during regular trading and ticked up another 0.52% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show that while TSLA is experiencing short-term downward pressure, it maintains positive momentum over the medium and long term. The stock boasts a strong growth score, although its value rating remains on the lower side. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights are available here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25220230/Screenshot-2025-07-26-at-7.30.23%E2%80%AFAM-1.png" alt="" class="wp-image-1001628" /></a></figure>
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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

TSLA

Elon Musk's Tesla To Include Shareholder Proposal On xAI Investment In Proxy After Receiving Multiple Requests

Warren Buffett has issued a stark warning about potential Social Security cuts. The billionaire investor emphasized the importance of maintaining current benefit levels, as millions of retirees depend heavily on these payments.
What Happened: Buffett&#8217;s comments come amid growing concerns about the financial stability of Social Security. The program&#8217;s Old-Age and Survivors Insurance trust fund is projected to deplete by 2033, which could lead to a 23% reduction in benefits for seniors, according to a report <a href="https://www.thestreet.com/retirement/warren-buffett-sends-blunt-message-on-social-security-">by</a> The Street.
This potential cut is alarming, given that many retirees already struggle to meet their financial needs with existing benefits.
During the 2005 Berkshire Hathaway annual meeting, Buffett stated, &#8220;I basically believe that anything that would take Social Security payments below their present guaranteed level is a mistake.&#8221; This sentiment resonates even more today as the threat of benefit reductions looms closer.
Lawmakers have options to avert these cuts, such as adjusting employee wage taxes and altering benefit claim rules. However, time is running out, and immediate action is necessary to prevent a widespread crisis among seniors who rely on Social Security for their livelihood.
See Also: <a href="https://benzinga.com/news/topics/25/07/46606682/microsoft-is-betting-big-on-a-startup-that-injects-human-and-animal-waste-into-rocks-to-offset-14-9m-">Microsoft Is Betting Big On A Startup That Injects Human And Animal Waste Into Rocks To Offset 14.9M Tons Of Emissions</a>
Why It Matters: The urgency of Warren Buffett&#8217;s warning is underscored by his broader philosophy on success and wealth.
In a recent discussion with students at Georgia Tech, Buffett highlighted that true success is measured not by wealth, but by the <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46510607/forget-wealth-warren-buffett-says-this-word-is-the-true-measure-of-success">love and respect one garners</a> from others. This perspective, shared in his biography &#8220;The Snowball: Warren Buffett and the Business of Life,&#8221; suggests that financial security, like that provided by Social Security, is crucial for a dignified life.
Buffett&#8217;s views on wealth and success have been consistent over the years. At the 1999 Berkshire Hathaway annual meeting, he expressed a willingness to trade his net worth for <a href="https://www.benzinga.com/personal-finance/management/25/07/46327199/billionaire-warren-buffett-was-asked-which-is-better-being-rich-or-being-wealthy-he-said-hed-gladly-trade-net-worth-for-extra-years-on-earth">more time on earth</a>, emphasizing the value of life over financial gain. This aligns with his current stance on Social Security, where he advocates for protecting the financial well-being of retirees.
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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

Personal Finance

Warren Buffett Issues Urgent Warning On Looming Social Security Cuts

The Future Fund LLC&#8217;s managing director Gary Black expressed skepticism on Monday regarding the excitement surrounding Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&#8217;s second supervised robotaxi test in San Francisco.
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: Black pointed out that until the safety driver is removed, Tesla&#8217;s Full Self-Driving (FSD) cannot be considered fully autonomous and thus cannot be scaled nationally.
He compared this to Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), which is trading near its all-time high, noting that Uber is the biggest beneficiary as the industry moves towards autonomy.
<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">Not sure why launching a second supervised robotaxi test in San Francisco excites <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> investors. Until the safety driver comes out, TSLA FSD is not fully autonomous so can't be scaled nationally. Meanwhile UBER continues to trade just off its all-time high (YTD <a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> +50%,… <a href="https://t.co/hLZqdgPCdn">pic.twitter.com/hLZqdgPCdn</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1948809119672000654?ref_src=twsrc%5Etfw">July 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Black&#8217;s comments come as Tesla plans to launch its robotaxi service in the San Francisco Bay Area, according to a memo seen<a href="https://www.businessinsider.com/tesla-robotaxi-bay-area-launch-san-francisco-memo-2025-7"> by</a> Business Insider. The service, which could start as soon as Friday, will operate with safety drivers who can control the vehicle.
The geofenced area for the service includes Marin, the East Bay, San Francisco, and extends to San Jose.
See Also:<a href="https://www.benzinga.com/markets/tech/25/07/46627485/trump-tariffs-are-causing-decline-in-ev-battery-demand-says-tesla-general-motors-supplier-lg"> Trump Tariffs Are Causing Decline In EV Battery Demand, Says Tesla, General Motors Supplier LG</a>
On the same day, Tesla&#8217;s shares rose nearly 4% following reports of the impending launch of its robotaxi. The service will initially be available to a select group of invited Tesla owners who will pay for rides within the designated area.
Why It Matters: Black&#8217;s remarks highlight the ongoing debate about the readiness and scalability of autonomous driving technology.
Despite Tesla&#8217;s ambitious plans, Black emphasizes the limitations of the current supervised tests. This skepticism is underscored by Tesla&#8217;s recent stock performance, which has seen a 22% decline year-to-date, in contrast to Uber&#8217;s 51% rise.
Elon Musk, CEO of Tesla, has previously stated that a<a href="https://www.benzinga.com/markets/tech/25/07/46626447/elon-musk-says-20-trillion-valuation-possible-for-tesla-even-as-second-quarter-earnings-show-sales-revenue-decline-extreme-execution-is-needed"> $20 trillion valuation</a> for the company is possible, despite<a href="https://www.benzinga.com/markets/eurozone/25/07/46594863/elon-musks-tesla-loses-ground-in-europe-sales-down-23-even-as-ev-market-grows"> recent declines in sales</a> and revenue. However, Black&#8217;s comments suggest that achieving such a valuation would require significant advancements in autonomous technology.
The launch of the robotaxi service in San Francisco is a critical step for Tesla as it seeks to expand its autonomous offerings. However, the presence of safety drivers indicates that fully autonomous operations are still a work in progress.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/25220230/Screenshot-2025-07-26-at-7.30.23%E2%80%AFAM-1.png" alt="" class="wp-image-1001628" /></a></figure>
Benzinga's Edge Stock Rankings show that while TSLA is experiencing short-term downward pressure, it maintains positive momentum over the medium and long term. The stock boasts a strong growth score, although its value rating remains on the lower side. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance insights are available here</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> 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: Shutterstock

UBER

Gary Black Questions Tesla Robotaxi Hype Ahead Of Bay Area Launch: 'FSD Is Not Fully Autonomous So Can't Be Scaled Nationally'

AGRI

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

IKNA

Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) has outperformed the market over the past 10 years by 1.09% on an annualized basis producing an average annual return of 12.78%. Currently, Danaher has a market capitalization of $147.13 billion. 
Buying $100 In DHR: If an investor had bought $100 of DHR stock 10 years ago, it would be worth $336.44 today based on a price of $205.48 for DHR at the time of writing.
<h3>Danaher's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753487114_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.

Trading Ideas

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has outperformed the market over the past 15 years by 31.32% on an annualized basis producing an average annual return of 43.56%. Currently, Tesla has a market capitalization of $1.02 trillion. 
Buying $100 In TSLA: If an investor had bought $100 of TSLA stock 15 years ago, it would be worth $23,775.83 today based on a price of $317.05 for TSLA at the time of writing.
<h3>Tesla's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753486216_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 Tesla 15 Years Ago Would Be Worth Today

It's a solid job. The benefits are great. The pay is decent. But for one <a href="https://www.reddit.com/r/jobs/s/qHGRRoB2Wd">24-year-old garbage collector</a>, the hardest part of the work has nothing to do with lifting trash bins. It's answering the question, "What do you do for a living?"
In a now-viral Reddit post, the young man opened up about an unexpected emotional weight he's been carrying since becoming a full-time sanitation worker two years ago. "Should I be embarrassed about being a 24-year-old garbageman?" he asked.
The post exploded with nearly 40,000 upvotes and thousands of comments — many from strangers who assured him the shame he feels isn't his to hold.
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The original poster explained that <a href="https://www.benzinga.com/personal-finance/management/25/07/46310118/gen-z-is-skipping-college-for-6-figure-trade-jobs-like-welding-and-plumbing-but-these-careers-now-have-the-highest-unemployment-rate">college was never in the cards</a>. Instead, he went to truck driving school, earned his commercial driver's license, and found a job collecting waste. At $24 an hour with benefits and job security, he says it's a role he could see himself in long-term — but there's still a nagging sense of inadequacy. "Whenever someone asks me what I do for work, I feel embarrassed," he wrote.
Commenters quickly pushed back. "You shouldn't be ashamed of having an honest job," one person wrote. Another called sanitation workers "rock stars," pointing out how they help prevent the spread of disease and keep entire communities functioning.
Some even challenged the job title itself: "You're not a garbage man," one wrote. "You're a sanitation engineer. You help keep cities alive."
Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
According to the <a href="https://www.bls.gov/oes/2023/may/oes537081.htm">Bureau of Labor Statistics</a>, garbage collectors earn a median annual salary of roughly $46,000, with experienced workers in cities making closer to $60,000 or more. That's <a href="https://www.benzinga.com/personal-finance/management/25/06/45929823/the-salary-a-single-person-needs-to-live-comfortably-now-outweighs-median-annual-wages-in-all-50-states">not far off from the national average household income</a> — and the job comes with union protections and pensions in many places.
Others pointed out how rare it is to have any job at 24 that offers benefits, PTO, and a clear path forward. "There are a lot of 24-year-old losers who aren't doing anything with themselves," one comment read. "You aren't one of them. Hold your head up."
And just like that, the original poster said his perspective began to shift. "After reading a lot of comments, I'm definitely going to look at my career differently," he wrote in an edit. "You guys are right — picking up trash is pretty important."
See Also: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Embarrassment doesn't always come from what we do. It often comes from how society treats certain jobs. But those same jobs — garbage collection, custodial work, delivery — often provide the backbone that keeps everything else going.
So no, there's no reason to be embarrassed. The real embarrassment would be letting someone else's opinion make you doubt your value.
And if you're still not convinced, ask anyone who's lived through a garbage strike just how "unimportant" sanitation workers really are.
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

24-Year-Old Skipped College to Be a Garbage Man — Says 'It's a Solid Job' But Still Feels Shame. Now He's Asking, 'Should I Be Embarrassed?'

RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) has outperformed the market over the past 5 years by 6.11% on an annualized basis producing an average annual return of 20.79%. Currently, RTX has a market capitalization of $210.70 billion. 
Buying $1000 In RTX: If an investor had bought $1000 of RTX stock 5 years ago, it would be worth $2,568.01 today based on a price of $157.41 for RTX at the time of writing.
<h3>RTX's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753484417_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.

$1000 Invested In RTX 5 Years Ago Would Be Worth This Much Today

Reinsurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGA#NYSE">RGA</a>) has outperformed the market over the past 5 years by 3.25% on an annualized basis producing an average annual return of 17.93%. Currently, Reinsurance Gr has a market capitalization of $12.99 billion. 
Buying $1000 In RGA: If an investor had bought $1000 of RGA stock 5 years ago, it would be worth $2,303.95 today based on a price of $196.55 for RGA at the time of writing.
<h3>Reinsurance Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1753483521_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.

$1000 Invested In Reinsurance Gr 5 Years Ago Would Be Worth This Much Today

A longtime nurse approaching retirement recently posted on Reddit that he felt &#8220;defeated and cooked&#8221; after discovering a coworker had $460,000 more saved in their 401(k).
He shared his financial situation on the <a href="https://www.reddit.com/r/retirement/comments/1lzq0dr/woefully_underprepared_at_age_59/">r/retirement</a> subreddit, noting that he and his wife have about $240,000 <a href="https://www.benzinga.com/personal-finance/25/05/45585378/do-you-have-an-upper-class-nest-egg-heres-what-the-top-20-have-saved-for-retirement-hint-its-less-than-youd-think">saved for retirement</a>, plus an anticipated $1,100 monthly pension, Social Security benefits between $1,800 and $2,300, and roughly $200,000 to $300,000 in other savings. &#8220;I absolutely can't grind out eight more years working full-time,&#8221; he said.
<h2 class="wp-block-heading">Dissapointment</h2>
&#8220;I was feeling OK about my plan,&#8221; he wrote, &#8220;until talking with a coworker in the same salary range who has managed to save about $700,000 in his 401(k).&#8221;
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Many redditors urged the nurse to stop comparing himself to others. &#8220;Comparison is the thief of joy,&#8221; one commenter said. Another added, &#8220;You were fine until you found out someone else has more? You&#8217;re 59, not 9. Way past time to stop playing that childish game.&#8221;
Several pointed out that his pension is a valuable asset often overlooked. &#8220;That pension is huge,&#8221; one person said. &#8220;It may not sound like a lot, but you would need about $400,000 in savings to be able to withdraw $1,100 per month.&#8221;
Others focused on his emotional exhaustion. The nurse explained he could not imagine working full-time for another eight years, prompting many to suggest transitioning into a less physically demanding role like remote case management or a teaching role.
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<h2 class="wp-block-heading">Most Americans Fall Short Of Retirement Goals</h2>
While <a href="https://www.fidelity.com/viewpoints/retirement/how-much-do-i-need-to-retire">Fidelity</a> recommends that Americans have eight times their salary saved by age 60, the reality for most people falls short. So while the nurse may not be hitting expert targets, he&#8217;s still <a href="https://www.benzinga.com/personal-finance/management/25/07/46266572/heres-how-much-you-should-have-saved-for-retirement-by-40-50-or-60-are-you-ahead-of-the-curve-or-falling-behind">ahead of the typical American</a>.
Many commenters emphasized that retirement readiness comes down to spending, not just savings. &#8220;Your expenses drive how long you have to work,&#8221; one said. &#8220;What are your expected retirement expenses per month including health insurance? Know that and you can figure out how long you need to work.&#8221;
Some shared their own modest setups. One retired couple said they live well off a $2,900 pension, $1,100 Social Security check, and $200,000 in cash. Their monthly expenses total just $2,200, largely due to living in a low-cost area and owning a small home.
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>
Another recurring tip: <a href="https://www.benzinga.com/personal-finance/management/25/07/46263095/my-bodys-getting-achier-every-day-disabled-veteran-with-7500-monthly-income-and-no-savings-should-he-retire-or-wait-3-more-years">test-drive their retirement</a> budget now. That means they should try living on what they&#8217;d expect to bring in each month during retirement. If they can live on it now, they can probably live on it then.
The nurse eventually responded to the outpouring of support and practical advice. &#8220;Thank you everyone for the advice and recommendations,&#8221; he wrote.&nbsp;
Fellow Redditors encouraged him to <a href="https://www.benzinga.com/money/best-online-financial-advisors">speak to a fee-only financial advisor</a> and to <a href="https://www.benzinga.com/money/best-budgeting-apps">start tracking his monthly expenses</a> to create a concrete plan.
&#8220;It's useless [to] feel bad about what you were not able to accomplish in the past,&#8221; one nurse wrote. &#8220;Start learning today and figure out how you can make your dreams happen.&#8221;
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

A 59-Year-Old Career Nurse Feels 'Defeated And Cooked' After Learning Her Coworker Has Saved Nearly $500,000 More For Retirement

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