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ARHAUS INC

Arhaus

Arhaus Inc is a growing lifestyle brand and omnichannel retailer of premium home furniture. The company offers merchandise in several categories, including furniture, outdoor, lighting, textiles, and decor through its Retail and e-commerce sales channels.

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Xos sorprende al mercado con sólidos resultados en 2024 y hace subir sus acciones antes de la apertura. Descubre más movimientos aquí.

Acciones de Xos (XOS) suben alrededor de un 9%; Aquí están 20 acciones que se mueven en el premercado de EE. UU.

Arhaus Inc

News

Reported Earlier, Northern Dynasty And Pebble Partnership Agree To EPA's Request For Additional 20-Day Abeyance Through July 3, 2025

Larry Ellison, the co-founder and chairman of&nbsp;Oracle Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>), has surpassed&nbsp;Jeff Bezos&nbsp;and&nbsp;Mark Zuckerberg&nbsp;to become the second-richest person in the world.
What Happened: Ellison&#8217;s net worth soared by $26 billion to $243 billion on Thursday, marking the largest daily increase among any billionaire. This surge propelled Ellison past Amazon&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) chairman, Jeff Bezos, with a net worth of $227 billion, and Meta&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO, Mark Zuckerberg, with a net worth of $239 billion, according to <a href="https://www.forbes.com/sites/dereksaul/2025/06/12/larry-ellison-overtakes-jeff-bezos-mark-zuckerberg-as-worlds-second-richest-person/">Forbes</a>. He now stands second to Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk.
The significant increase in Ellison&#8217;s wealth came after Oracle&#8217;s stock hit a record of over $200 per share, following a robust earnings report on Wednesday. The report revealed stronger-than-expected profits and sales for the company&#8217;s financial quarter ending in May.
Deutsche Bank analyst Brad Zelnick called the earnings update a &#8220;watershed&#8221; moment for Oracle, highlighting the significance of Ellison&#8217;s vision in ushering in a new era of cloud computing, especially as Oracle plays a key role in the advancement of AI technology.
TD Cowen analyst Derrick Wood&nbsp;predicted that Oracle&#8217;s 2026 fiscal year, starting this month, would be a &#8220;major inflection point&#8221; for the company&#8217;s core cloud infrastructure service, driven by a surge in demand for AI training workloads.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/25/05/45184301/us-armys-250th-anniversary-parade-to-coincide-with-trumps-79th-birthday" target="_blank" rel="noreferrer noopener">US Army&#8217;s 250th Anniversary Parade To Coincide With Trump&#8217;s 79th Birthday &#8211; Benzinga</a>
Why It Matters: Oracle&#8217;s recent financial success can be attributed to its strategic positioning in the global AI race. As highlighted in its fourth quarter earnings results, Oracle&#8217;s Chairman, Larry Ellison, emphasized the company&#8217;s competitive strength in its deep integration inside enterprise data architecture. This has allowed Oracle to<a href="https://www.benzinga.com/markets/earnings/25/06/45909157/larry-ellison-says-most-of-the-worlds-valuable-data-is-in-oracle-as-ai-demand-skyrockets"> compete successfully</a> against other giants in this space.&nbsp;
Oracle&#8217;s stock gained after the company reported better-than-expected fourth-quarter financial results and issued an upbeat outlook commentary. The company reported fourth-quarter revenue of $15.9 billion, up 11% compared to estimates of $15.58 billion, and adjusted earnings of $1.70 compared to estimates of $1.64. Oracle<a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/45912952/oracles-ai-ambitions-take-flight-after-record-cloud-growth-what-do-analysts-really-think"> guided for </a>total revenue of at least $67 billion in fiscal 2026. This record cloud growth has fueled Oracle&#8217;s AI ambitions.
Benzinga's Edge Rankings place Oracle in the 84th percentile for momentum and the 31st percentile for growth, reflecting mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
On a year-to-date basis, the stock surged 20.38%, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45918307/bitcoin-ethereum-dogecoin-bleed-after-israel-launches-premptive-strike-against-iran-analyst-foresees-lower-levels-for-eth-if-it-fails-to-hold-this-support" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Bleed After Israel Launches &#8216;Premptive Strike&#8217; Against Iran: Analyst Foresees &#8216;Lower Levels&#8217; For ETH If It Fails To Hold This Support &#8211; Grayscale Bitcoin Mini Trust (BTC) C</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

AMZN

ORCL

TSLA

Larry Ellison Overtakes Jeff Bezos, Mark Zuckerberg To Become World's Second Richest Amid Oracle's 'Watershed' Moment

IPOs

AIRO

Reported Earlier, AIRO Group Prices $60M Initial Public Offering Of 6M Common Shares At $10 Per Share

A federal appeals court on Thursday temporarily blocked a lower court ruling that would have forced President Donald Trump to return control of California&#8217;s National Guard to Governor Gavin Newsom.
What Happened: U.S. District Judge Charles Breyer earlier Thursday issued a temporary restraining order requiring Trump to return California National Guard control to Newsom by Friday noon, <a href="https://abcnews.go.com/US/california-emergency-motion-trump-deployment-troops-hearing/story?id=122773137">reported</a> ABC News.
The judge ruled Trump&#8217;s deployment of over 2,000 National Guard troops to Los Angeles during immigration protests violated statutory procedures and the Tenth Amendment.
&#8220;His actions were illegal—both exceeding the scope of his statutory authority and violating the Tenth Amendment,&#8221; Breyer wrote. The judge found protests over Immigration and Customs Enforcement raids fell &#8220;far short&#8221; of legal requirements for federal military intervention.
Trump invoked Section 12406 of Title 10, claiming &#8220;rebellion or danger of rebellion against the authority of the Government of the United States.&#8221; The deployment included 4,000 National Guard troops and 700 Marines following five days of demonstrations.
The Trump administration filed an emergency appeal, calling the order &#8220;unprecedented&#8221; and an &#8220;extraordinary intrusion on the President&#8217;s constitutional authority as Commander in Chief.&#8221;
See Also: <a href="https://www.benzinga.com/markets/economic-data/25/06/45919422/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-says-economist-justin-wolfers-amid-tax-cuts-spending-s">Trump&#8217;s &#8216;One Big, Beautiful Bill&#8217; Is &#8216;The Largest Redistribution From Poor To Rich In American History,&#8217; Says Economist Justin Wolfers Amid Tax Cuts, Spending Slashes And Tariffs</a>
Why It Matters: The legal battle represents the most significant federal-state military confrontation since Trump&#8217;s return to office. California Attorney General Rob Bonta <a href="https://www.benzinga.com/news/events/25/06/45878983/us-cities-brace-for-escalating-immigration-protests-los-angeles-enforces-curfew-national-guard-deployed-amid-trump-crackdown">warned</a> the deployment could violate the 1878 Posse Comitatus Act restricting military involvement in civilian law enforcement.
Newsom emphasized economic implications, stating National Guard troops were removed from critical functions including wildfire preparation, border security, and fentanyl enforcement. ICE operations averaged 2,000 daily arrests, significantly <a href="https://www.benzinga.com/news/politics/25/06/45900294/trump-deploys-marines-to-la-with-authority-to-detain-civilians-california-challenges-military-involvement-in-immigration-enforcement">exceeding the 311 daily average</a> under former President Biden.
The case sets a precedent for presidential authority over state National Guard units during civil unrest. Judge Breyer noted the deployment threatens &#8220;serious injury to the constitutional balance of power between federal and state governments.&#8221;
Protests spread to Boston, Chicago, and Seattle, with the Trump administration vowing intensified immigration enforcement in response to demonstrations. Home Depot Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) faces potential customer traffic impacts as ICE raids targeted stores in Westlake, Whittier, and Huntington Park without prior notification. Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45919265/powerfleet-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">PowerFleet Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

Appeals Court Allows Trump To Keep National Guard In California For Now

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has <a href="https://www.benzinga.com/news/global/25/05/45582261/despite-trumps-warning-to-tim-cook-apple-moves-ahead-with-1-5-billion-india-expansion-via-foxconn-to-boost-iphone-production-report">reportedly increased</a> its iPhone shipments from India to the U.S. in the past few months, as the tech giant moves to protect its U.S. sales from the impact of escalating tariffs on China-made goods.
What Happened: Between March and May, 97% of iPhones exported by Foxconn, also known as Hon Hai Precision Industry Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAF#OTC">HNHAF</a>), from India were sent to the U.S., according to customs data reviewed by Reuters.
That's a steep jump from the 2024 average of <a href="https://www.benzinga.com/25/04/45014074/apple-plans-iphone-shift-from-china-to-india-amid-tariff-pressures-geopolitical-risks">just over 50%</a>, signaling a major supply chain realignment. The surge follows President Donald Trump's renewed push for protectionist trade measures.
Last month, Trump publicly criticized <a href="https://www.benzinga.com/markets/equities/25/05/45489614/as-apple-faces-pressure-after-trump-told-tim-cook-to-avoid-manufacturing-in-india-expert-warns-iphone-makers-value-added-growth-is-in-danger">Apple's production shift to India</a>, recalling that he told CEO Tim Cook, "We are not interested in you building in India, India can take care of themselves, they are doing very well, we want you to build here."
The president also threatened the tech giant with <a href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report">a 25% tariff on iPhones</a> made outside the U.S.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45899111/apple-may-end-up-acquiring-perplexity-like-it-did-with-beats-in-2014-says-dan-ives-consumers-need-reasons-to-upgrade-as-iphone-maker-falls-way-behind-in-ai-race">Apple May End Up Acquiring Perplexity Like It Did With Beats In 2014, Says Dan Ives—Consumers Need &#8216;Reasons To Upgrade&#8217; As iPhone Maker Falls &#8216;Way Behind&#8217; In AI Race</a>
In the first five months of 2025, Foxconn shipped $4.4 billion worth of iPhones from India to the U.S., already surpassing 2024's total of $3.7 billion, the report said.
Apple even <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">chartered planes in March</a> to fly $2 billion worth of iPhones directly from India to American consumers.
Why It's Important: Apple's pivot reflects an urgent response to mounting geopolitical and trade risks, particularly with China. As <a href="https://www.benzinga.com/markets/25/05/45585977/apple-raises-iphone-trade-in-prices-in-china-to-fend-off-huawei-xiaomi-amid-lagging-sales">U.S. tariffs on Chinese imports</a> soar, Apple is increasingly relying on India to maintain access to the crucial U.S. market.
Counterpoint Research analysts expect 25% to 30% of global iPhone production will come from India in 2025, up from 18% in 2024, the report added.
Apple reported fiscal <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">second-quarter revenue</a> of $95.36 billion, surpassing analysts' expectations of $94.53 billion. The tech giant also delivered earnings of $1.65 per share for the quarter, slightly ahead of the projected $1.63 per share.
iPhone sales reached $46.84 billion, up from $45.96 billion during the same period last year.
Historically, Apple has sold over 60 million iPhones annually in the U.S., with approximately 80% of them manufactured in China, the report said.
Price Action: Apple shares have fallen 18.31% since the beginning of the year and are down 7.02% over the past 12 months. During Thursday's regular trading session, the stock edged up 0.21%, but slipped 0.31% in after-hours trading, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate a consistent downward trend for Apple across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
<figure class="wp-block-image 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/2025/06/13021130/Screenshot-2025-06-13-at-11.39.27%E2%80%AFAM.png" alt="" class="wp-image-948517" /></a></figure>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45889800/dow-jones-breaks-43000-palantir-hits-new-record-highs-whats-driving-markets-wednesday" target="_blank" rel="noreferrer noopener">Dow Jones Breaks 43,000, Palantir Hits New Record Highs: What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Equities

Tech

Media

AAPL

HNHAF

Apple Reroutes 97% Of Foxconn iPhone Exports From India To US Between March And May As Trump Threatens 25% Tariff On Non-US-Made iPhones: Report

OKLO

Reported Earlier, Oklo Prices $400M Public Offering Of 6,666,667 Class A Common Shares At $60 Per Share

Macro Economic Events

Econ #s

Economics

France Harmonised Index of Consumer Prices (MoM) For May -0.2% Vs. -0.2% Est.; 0.7% Prior

France Consumer Price Index (MoM) For May -0.1% Vs. -0.1% Est.; 0.6% Prior

<ul>
<li>Reopening of existing 2029 convertible notes provides NOG with incremental strategic flexibility</li>
<li>A portion of the proceeds will be used to repurchase stock and purchase a hedge overlay intended to offset share dilution until the stock is above approximately $50.87</li>
</ul>

Reported Earlier, Northern Oil and Gas Prices $175M Convertible Notes Reopening At 105.597%, With $50.87 Cap To Offset Potential Dilution

President Donald Trump has said he likes Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as tensions ease with CEO Elon Musk following <a href="https://www.benzinga.com/markets/tech/25/06/45877591/elon-musk-says-he-regrets-war-of-words-with-trump-went-too-far">Musk expressing regret</a> over his comments on the President.
What Happened: "You can get any car you want. You can get electric, a lot of people love the electric," Trump said during a press event at the White House on Thursday.
"They like Tesla. So do I, in all fairness. I like Tesla," Trump said before adding that he liked combustion engines too.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump just now: "A lot of people love electric. They love <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a>. So do I in all fairness. I like Tesla, and I like others too, but I also like combustion engines. There are reasons for a lot of things." <a href="https://t.co/FgASOuX8IW">pic.twitter.com/FgASOuX8IW</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1933193170591879599?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The news comes in as Trump recently hinted at <a href="https://www.benzinga.com/news/politics/25/06/45897986/trump-hints-at-possible-reconciliation-with-elon-musk-but-admits-feeling-disappointed-i-have-no-hard-feelings">a possible reconciliation</a> between him and Musk. "Look, I have no hard feelings. I was really surprised that that happened. He went after a bill that&#8217;s phenomenal. …He just — I think he feels very badly that he said that, actually," Trump said.
The president also recently shared that he would <a href="https://www.benzinga.com/markets/tech/25/06/45852837/trump-says-he-wont-ditch-tesla-model-s-or-starlink-as-feud-with-elon-musk-cools-i-wish-him-well">not get rid</a> of the Tesla Model S he had bought, nor would he stop using the Starlink satellite internet service at the White House.
However, it&#8217;s worth noting that Trump's comments also came in when he signed a resolution that bars <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45911368/trump-signs-resolutions-to-overturn-californias-ev-mandate-report">California's EV mandate</a> on Thursday, which aimed to phase out ICE-powered vehicles by 2035, in favor of EVs and hybrids.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13020413/TSLA-JUN-13-2025-1-1024x193.jpg" alt="" class="wp-image-948510" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13020413/TSLA-JUN-13-2025-1-1024x193.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13020413/TSLA-JUN-13-2025-1-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13020413/TSLA-JUN-13-2025-1-768x145.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13020413/TSLA-JUN-13-2025-1-1536x290.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13020413/TSLA-JUN-13-2025-1.jpg 1557w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">Trump Says He May Hike Auto Tariffs Again To Boost Domestic Production: &#8216;The Higher You Go&#8230;They Build A Plant Here&#8217;</a></li>
</ul>
Photo Courtesy: RKY Photo on Shutterstock.com

Trump Says 'I Like Tesla' As Feud With Elon Musk Subsides: 'But I Also Like Combustion Engines'

ACHR

Reported Earlier, Archer Raises $850M After White House Executive Order, Strengthening $2B Liquidity Ahead of U.S. eVTOL Rollout And LA 28 Games

<ul>
<li>Preclinical data from IPH6501, Innate's proprietary ANKET&#xAE; targeting CD20, demonstrating potent antitumor activity in vitro on patient-derived samples from Diffuse Large B-Cell Lymphoma (DLBCL) and Follicular Lymphoma (FL), will be presented</li>
<li>Preclinical in vivo models support enhanced antitumor efficacy for the combination of IPH6501 with R-CHOP, the standard of care in untreated DLBCL and FL patients</li>
<li>IPH6501 is currently under investigation in a Phase 1/2 clinical study in relapsed and/or refractory (R/R) CD20+ B-cell non-Hodgkin lymphoma</li>
</ul>

IPHA

Innate Pharma Presents IPH6501 Preclinical Data At EHA 2025, Highlighting Potential In Relapsed, Refractory, And Untreated CD20+ B-NHL

ALPMY

Mitsubishi Research Institute And Astellas Partner To Accelerate Global Growth Of Drug-Discovery Startups In Japan

Coinbase Global Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong unveiled the company&#8217;s cryptocurrency credit card Thursday that will offer cashback rewards in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened:&nbsp;Armstrong took to X to showcase&nbsp;the new Coinbase One Card. The card, made of&nbsp;metal and engraved with Bitcoin&#8217;s <a href="https://www.benzinga.com/general/education/25/01/42789566/happy-birthday-bitcoin-16-fun-facts-about-leading-cryptocurrency">Genesis block</a>, is&nbsp;powered by payments giant&nbsp;American Express Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>). The card offers users up to 4% in Bitcoin rewards for every purchase.
However, there are certain conditions. The card would be available only to those having its premium subscription service, Coinbase One, annual memberships of which start at $49.99/year.
Moreover, the size of rewards will be determined by the Coinbase balance, meaning the larger the balance, the more BTC one will get. The company also clarified that it reserves the right to decide which transactions are eligible for rewards.
The Coinbase One Card is set to launch in the fall of 2025. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is what the new Coinbase One Card looks like. Very cool &#8211; each one is metal and engraved with the genesis block. It&#39;s also the first crypto credit card powered by American Express. With cashback paid in bitcoin, of course. <a href="https://t.co/n48YrD5zii">https://t.co/n48YrD5zii</a> <a href="https://t.co/M9BrEEZ1Bo">pic.twitter.com/M9BrEEZ1Bo</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1933290398799065459?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45918307/bitcoin-ethereum-dogecoin-bleed-after-israel-launches-premptive-strike-against-iran-analyst" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Bleed After Israel Launches &#8216;Premptive Strike&#8217; Against Iran: Analyst Foresees &#8216;Lower Levels&#8217; For ETH If It Fails To Hold This Support</a>
Why It Matters:&nbsp;The announcement follows a similar offering by rival cryptocurrency exchange Gemini, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45512252/want-a-tesla-cybertruck-geminis-new-bitcoin-credit-card-could-be-your-ticket">which launched a Bitcoin credit card</a> last month. The card, powered by Mastercard Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), will give back up to 4% in BTC instantly on gas, EV charging, transit, taxis &amp; rideshare, with no annual fees and no fees on foreign purchases.
Coinbase made history last month&nbsp;<a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45416971/coinbase-becomes-first-pure-play-crypto-stock-in-sp-500-analyst-sees-major-institutional-upside" target="_blank" rel="noreferrer noopener">after it became</a>&nbsp;the first pure-play cryptocurrency stock to join the S&amp;P 500 Index, the widely used benchmark for the U.S. stock market. The firm also made a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45287050/coinbase-acquires-deribit-in-2-9b-deal-to-expand-crypto-derivatives-business" target="_blank" rel="noreferrer noopener">big push into the global crypto derivatives market</a>&nbsp;by acquiring crypto options exchange&nbsp;Deribit&nbsp;for approximately $2.9 billion in a cash-and-stock deal.
Price Action: Shares of Coinbase fell 0.38% in after-hours trading after closing 3.84% lower at $241.05 during Thursday&#8217;s regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the stock has lost 2.92%.
American Express stock closed down 0.37% at $297.99 on Thursday.
As of this writing, COIN ranked high on the Growth metric, but lagged in Momentum and Value. Want to check how other cryptocurrency-linked stocks perform on these metrics? View <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="553" height="337" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13003906/image-208.png" alt="" class="wp-image-948445" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13003906/image-208.png 553w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13003906/image-208-300x183.png 300w" sizes="(max-width: 553px) 100vw, 553px" /></a></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BTC

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Donald Trump&#8217;s "One Big Beautiful Bill Act" will slash the household resources of the poorest Americans by about $1,600 while boosting the wealthiest households by roughly $12,000, the Congressional Budget Office said in a distributional analysis released Thursday.
What Happened: CBO analysts in their analysis released on Thursday found middle-income families would gain a more modest $500 to $1,000 a year, but the lowest decile would lose ground largely because the bill pares back Medicaid and Supplemental Nutrition Assistance Program benefits and adds 80-hour monthly "community-engagement" rules for able-bodied adults.
The package extends many 2017 tax cuts, creates temporary breaks on tips, overtime and car-loan interest, and raises the standard deduction for seniors, yet offsets part of the cost by shrinking safety-net programs.
Treasury Secretary Scott Bessent warned lawmakers on Thursday that failure to pass the measure could push the nation toward economic disaster, and Idaho Republican Sen. Mike Crapo (R-Idaho) argued "the solution to our debt crisis is not to tax Americans more, it is to spend less." He goes on to say that extending "proven tax reform is critical for working families."
See also: <a href="https://www.benzinga.com/news/movers-shakers/25/06/45917407/elon-musk-net-worth-down-64-billion-in-2025-but-tesla-ceo-still-richer-than-value-of-ford-general-motors-stellantis-toyota-combined">Elon Musk Net Worth Down $64 Billion In 2025 — But Tesla CEO Still Richer Than Value Of Ford, General Motors, Stellantis, Toyota Combined</a>
Democrats counter that the bill shifts wealth upward. Rep. Brendan Boyle (D-PA-02), who requested the CBO score, called it "one of the largest transfers of wealth from working families to the ultra-rich in American history."
<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">&#x1f6a8;NEW: I asked the nonpartisan <a href="https://twitter.com/USCBO?ref_src=twsrc%5Etfw">@USCBO</a> what Trump&#39;s budget bill would mean for working people. They found it is one of the largest transfers of wealth from working families to the ultra-rich in American history. Trump is literally stealing from the poor to give to the… <a href="https://t.co/yJhd9dI7M5">pic.twitter.com/yJhd9dI7M5</a>
&mdash; Rep. Brendan Boyle (@CongBoyle) <a href="https://twitter.com/CongBoyle/status/1933185785605370331?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The CBO report excludes President Donald Trump's sweeping tariff agenda, which a separate letter said would <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45790762/trumps-tariff-plan-could-cut-deficit-by-2-8-trillion-over-a-decade-but-not-without-consequences-warns-cbo">trim deficits by $2.8 trillion</a> over a decade but slow growth and stoke inflation. CBO estimates the combined tax cuts and spending changes would still widen the deficit by about $2.4 trillion through 2035, even before higher interest costs are tallied.
Last week, Rep. Thomas Massie (R-Ky.) challenged Treasury Secretary Scott Bessent's claim that failing to pass President Donald Trump's "Big Beautiful Bill" would trigger a $4 trillion tax hike. Massie dismissed the warning and argued the <a href="https://www.benzinga.com/news/politics/25/06/45832237/trumps-tax-bill-will-harm-middle-class-families-warns-thomas-massie-calls-treasury-secretary-scott-bessents-4-trillion-tax-hike-claim-misleading">real burden</a> would come when the Federal Reserve "must monetize the debt to pay for the BBB," essentially printing money to fund larger deficits.
Trump's proposal is also drawing high-profile fire beyond Massie. Billionaire Elon Musk labeled the measure a "<a href="https://www.benzinga.com/news/politics/25/06/45757029/elon-musk-slams-congressional-spending-bill-as-a-disgusting-abomination">disgusting abomination</a>," while GOP Sens. Ron Johnson (R-Wis.) and Rand Paul (R-Ky.) joined other Republicans in <a href="https://www.benzinga.com/news/25/05/45604917/gop-senators-threaten-to-block-trumps-tax-and-spending-bill-over-deficit-medicaid-cuts-and-debt-ceiling-hike">warning</a> it would fuel deficits and inflation. Former Treasury Secretary Lawrence Summers called the plan a path to "<a href="https://www.benzinga.com/markets/25/05/45686699/larry-summers-issues-stark-warning-the-big-beautiful-bill-is-actually-a-prescription-for-deadly-dangerous-decline">deadly, dangerous decline</a>."
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Photo courtesy: Joey Sussman / Shutterstock.com

Trump's 'Big, Beautiful Bill' Pulls $1,600 From Poorest, Adds $12,000 For Richest Annually, Shows CBO Analysis

On Thursday, Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) unveiled a new server, signaling a direct challenge to Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: At a development conference called "Advancing AI" in San Jose, AMD CEO Lisa Su introduced the Helios AI server, set to launch in 2026.
Each Helios unit will contain 72 MI400 chips, directly rivaling Nvidia's NVL72 system.
The shift reflects a change in competition among AI chipmakers like Nvidia, moving beyond selling standalone chips to offering complete server systems containing dozens or even hundreds of processors, all integrated with networking components from the same vendor.
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45838270/robinhood-stock-is-falling-monday-whats-going-on" target="_blank" rel="noreferrer noopener">Robinhood Stock Is Falling Monday: What's Going On?</a>
"The future of AI is not going to be built by any one company or in a closed ecosystem. It&#8217;s going to be shaped by open collaboration across the industry," Su said.
AMD also said that Helios' networking standards would be openly shared with competitors like Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
OpenAI CEO Sam Altman joined Su onstage and said that ChatGPT would use AMD's MI450 chips, stating, "Our infrastructure ramp-up over the last year, and what we&#8217;re looking at over the next year, have just been a crazy, crazy thing to watch."
Executives from Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), xAI, and Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) took the stage to highlight how they're leveraging AMD processors in their operations.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="AMD Advancing AI Keynote" width="500" height="281" src="https://www.youtube.com/embed/5dmFa9iXPWI?list=PLx15eYqzJifety30CdPJ5ehAAf4hC-Uyb" 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>
Why It's Important: Last month, Bank of America analyst Vivek Arya maintained a <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45548891/amd-could-see-eps-upside-by-2027-despite-nvidias-over-80-market-share-analyst">Buy rating on AMD</a> with a $130 price target, citing the company's gains in server and PC CPU market share, growing AI opportunities and <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45894766/saudi-arabia-taps-amd-cisco-for-cloud-project-report">multi-year contracts</a> in the Middle East.
While Nvidia and custom chips are expected to <a href="https://www.benzinga.com/news/25/05/45602111/600b-ai-opportunity-nvidias-18000-chip-deal-with-saudi-arabias-humain-puts-middle-east-front-of-the-line-says-wedbushs-dan-ives">lead the AI accelerator</a> market, Arya sees AMD capturing a 3–4% share of the $300–$400 billion market.
He highlighted AMD's strategic acquisitions, software improvements and recognition from companies like Oracle and xAI. Arya also forecasted up to $6.6 billion in additional revenue across key segments by 2027.
Price Action: AMD shares have declined 1.77% year-to-date and are down 25.89% over the past 12 months. On Thursday, the stock fell 2.18%, closing at $118.50, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings indicate AMD continues to show strong upward momentum in the short and medium term, but trends downward over the long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance insights are available here</a>.
<figure class="wp-block-image 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/2025/06/13010302/Screenshot-2025-06-13-at-10.31.01%E2%80%AFAM.png" alt="" class="wp-image-948464" /></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: jamesonwu1972 On Shutterstock.com

INTC

NVDA

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ARK Invest's Cathie Wood has added Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) ETFs to the firm's investments again after recently trimming its Tesla position.
What Happened: Investment firms are spending more money because of business-friendly policy and the Trump administration's tax cuts, Wood told Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-06-12/cathie-wood-says-trump-era-is-reviving-corporate-risk-appetite?srnd=homepage-asia&amp;embedded-checkout=true">on</a> Thursday.
The investor also reiterated her bullish stance on Tesla, the report suggests. Wood called Tesla "the largest AI project on Earth," citing Elon Musk's EV giant's autonomous driving and robotics push.
Why It Matters: Wood's comments come in as the veteran investor recently projected <a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45876953/cathie-woods-ark-invest-projects-2-5-trillion-valuation-for-elon-musks-spacex-by-2030-7x-growth-through-mars-starlink-optimus">a $2.5 trillion valuation </a>target for Musk's space company SpaceX through the company's Mars ventures as well as Starlink satellite internet service.
The investor's bullish stance on Tesla is a reversal from earlier, as Wood had dumped millions of dollars worth of Tesla stock, unloading <a href="https://www.benzinga.com/25/05/45635104/cathie-wood-dumps-9-9m-tesla-despite-musks-24-7-pledge-loads-up-on-nvidia-before-earnings">over $9.9 million </a>worth of the stock on one occasion.
Wood had also <a href="https://www.benzinga.com/news/25/05/45559819/cathie-wood-says-brand-damage-has-happened-for-tesla-but-believes-it-isnt-long-term-tesla-will-have">acknowledged the brand damage</a> Tesla had suffered due to Musk's political affiliations as well as his close ties to the Trump administration and DOGE, or Department of Government Efficiency.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13011119/TSLA-JUN-13-2025-1024x193.jpg" alt="" class="wp-image-948476" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13011119/TSLA-JUN-13-2025-1024x193.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13011119/TSLA-JUN-13-2025-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13011119/TSLA-JUN-13-2025-768x145.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13011119/TSLA-JUN-13-2025-1536x290.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/13011119/TSLA-JUN-13-2025.jpg 1557w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
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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Photo courtesy: Ken Wolter / Shutterstock.com

Cathie Wood Buys Tesla Again, Calls Elon Musk's EV Giant 'Largest AI Project On Earth:' Report

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