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This week told a familiar story with fresh twists—inflation isn't backing down, and global tensions are once <a target="_blank" href="https://www.benzinga.com/topic/macro-economic-events#more-news" rel="noreferrer noopener">again steering the market mood</a>.
The latest data showed that the Personal Consumption Expenditures, or PCE price index, rose 2.3% in May from a year earlier, slightly up from April&#8217;s 2.2%, snapping <a target="_blank" href="https://www.benzinga.com/markets/economic-data/25/06/46137796/inflation-is-heating-up-again-are-tariffs-to-blame" rel="noreferrer noopener">a two-month cooling trend</a>.
While the monthly increase stayed steady at 0.1%, concerns grew that rising tariffs on foreign goods could soon hit U.S. consumers harder.
The economic unease was only amplified on Friday, when President Donald Trump abruptly <a target="_blank" href="https://www.benzinga.com/news/politics/25/06/46150909/trump-canada-tariffs-dollar-deal" rel="noreferrer noopener">called off all trade talks with Canada</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/commodities/25/06/45930878/canada-risks-losing-billions-annually-without-critical-minerals-action" rel="noreferrer noopener">Canada Risks Losing $8.7B Annually Without Critical Minerals Action</a>
His move came in response to Canada&#8217;s newly introduced Digital Services Tax, which he slammed as a direct attack on American tech companies. Declaring retaliation was imminent, Trump promised to announce new tariffs on Canadian goods within a week—sending markets tumbling and investors rushing for cover.
Amid the macroeconomic jitters and geopolitical headlines, several companies delivered key corporate updates and earnings results that <a target="_blank" href="https://www.benzinga.com/markets" rel="noreferrer noopener">kept investors tuned in</a>.
Earnings Results
FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) reported quarterly sales of $585.52 million, surpassing&nbsp;analyst expectations&nbsp;of $580.50 million and representing a <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46053063/factset-reports-q3-revenue-beat-client-growth-leadership-shift-with-jpmorgan-hire" rel="noreferrer noopener">5.9% year-over-year gain.</a>
FactSet announced that&nbsp;Phil Snow will retire as CEO and a member of the Board, effective early September 2025.&nbsp;
Technology
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) &nbsp;leaped over Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to become the most valuable company in the world on Thursday, with a <a target="_blank" href="https://www.benzinga.com/etfs/sector-etfs/25/06/46151686/nvidia-just-became-the-worlds-most-valuable-stock-is-it-time-for-a-semiconductor-etf-rethink" rel="noreferrer noopener">market capitalization crossing $3.7 trillion. </a>But as the chipmaker solidifies its position as the foundation of the AI era, one segment of Wall Street is somewhat lagging behind —&nbsp;<a target="_blank" href="https://www.benzinga.com/etfs" rel="noreferrer noopener">semiconductor ETFs</a>.
Microsoft postponed the commercialization of its in-house next-gen&nbsp;artificial intelligence chip, Maia (code-named Braga), by at least six months from 2025 to 2026 due to unexpected changes to its <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46149318/microsofts-next-gen-ai-chip-still-lags-nvidias-blackwell-postpones-launch" rel="noreferrer noopener">design and staffing constraints.</a>
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) has been dealt a legal blow in Japan as a court has ruled that the company infringed on patents held by&nbsp;Pantech, resulting in a ban on the sale of its&nbsp;Pixel 7&nbsp;series smartphones.
Alphabet Inc.&nbsp;has appointed&nbsp;Kobi Bar-Nathan&nbsp;as the new finance chief for its rapidly expanding&nbsp;Google Cloud division. He commenced his role in June 2025, bringing&nbsp;extensive experience&nbsp;from key finance leadership positions at <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134725/google-cloud-hires-former-oracle-cfo-as-ai-race-heats-up" rel="noreferrer noopener">Oracle Cloud and Microsoft Cloud.</a>
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;is making a return to high-budget theatrical releases with the opening of its racing drama &#8220;F1&#8221;&nbsp;on Friday. The film&#8217;s reported $300 million budget highlights both the company&#8217;s determination to make a mark in Hollywood and the persistent financial <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/46142591/apples-f1-movie-burns-300-million-still-waiting-on-a-profit" rel="noreferrer noopener">challenges it&nbsp;faces in this arena.&nbsp;</a>
Artificial Intelligence (AI)
Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) CEO&nbsp;Masayoshi Son&nbsp;said that he plans to position the company as the&nbsp;leading platform provider&nbsp;in the artificial super intelligence (ASI) sector within the next decade, aiming to rival major tech firms like&nbsp;Microsoft Corp., Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">Alphabet Inc.&#8217;s</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">Google</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">.</a>
Apple&#8217;s Siri&nbsp;is far behind&nbsp;OpenAI&#8217;s ChatGPT, according to a comparison conducted by&nbsp;Deepwater Asset Management, receiving an &#8220;F&#8221; while ChatGPT<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46156830/siri-gets-f-while-openais-chatgpt-scores-an-a-gene-munster-says-heres-what-apple-needs-to-fix-before-2026-launch-to-stay-relevant-in-ai" rel="noreferrer noopener"> has scored an &#8220;A.&#8221;</a>
Automobiles
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has revealed that it pumped nearly $10 billion into its U.S. operations&nbsp;during the last fiscal year and plans to allocate<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46046720/tesla-doubles-down-on-us-elon-musk-plans-another-8-billion-investment-after-spending-nearly-10-billion-in-2024" rel="noreferrer noopener"> an additional $8 billion this year.</a>
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>):&nbsp;CEO&nbsp;Jim Farley&nbsp;voiced skepticism about&nbsp;Tesla&#8217;s autonomous driving strategy, underscoring the necessity of <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46156654/ford-ceo-jim-farley-believes-waymos-approach-makes-more-sense-than-elon-musk-led-teslas-when-you-have-a-brand-like-ford-you-have-to-be-really-careful" rel="noreferrer noopener">consumer trust and prudence</a>.
Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>)&nbsp;unveiled the company&#8217;s first all-electric SUV, the YU7, <a target="_blank" href="https://www.benzinga.com/markets/asia/25/06/46132552/telsla-model-y-rival-xiaomi-yu7-suv-receives-nearly-300000-orders-in-1-hour-in-china" rel="noreferrer noopener">as a rival to&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/asia/25/06/46132552/telsla-model-y-rival-xiaomi-yu7-suv-receives-nearly-300000-orders-in-1-hour-in-china" rel="noreferrer noopener">Tesla.</a>
General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has issued a recall for over 62,468 vehicles in the U.S. over <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46111407/general-motors-recalls-over-62000-vehicles-for-brake-issue-that-could-potentially-result-in-a-fire-report" rel="noreferrer noopener">a brake pressure sensor issue.</a>
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Consumer Tech News (June 23–June 27): Inflation Stirs, Trade Tensions Flare, And Big Tech Makes Big Moves

In a bold move that defies traditional investment advice, an everyday investor named Etienne Breton has built a $2 million portfolio by investing exclusively in software firm&nbsp;Palantir&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
What Happened: Breton began buying Palantir shares shortly after the company&#8217;s public debut in late 2020. Despite the stock&#8217;s initial struggles, he persisted in expanding his position. His investment in Palantir now stands at nearly $2.5 million, comprising 17,800 shares and an additional 2,000 on margin.
Palantir, which has experienced an 80% surge in 2025, is the only stock in Breton&#8217;s portfolio. &#8220;I tried to identify very extraordinary companies. I didn&#8217;t want to diversify,&#8221; he <a href="https://www.businessinsider.com/palantir-millionaire-single-stock-bet-investing-options-strategy-retail-trader-2025-6">told</a> Insider. His strategy proved successful, especially after the launch of Palantir&#8217;s Artificial Intelligence Platform in 2023.
Breton also employed various&nbsp;options strategies to generate income&nbsp;on his underlying shares and&nbsp;continue purchasing Palantir. 
He sold covered calls,&nbsp;borrowed money to buy more&nbsp;shares, and&nbsp;sold call options on them, creating a steady income stream. He continues to gradually add to his Palantir position using&nbsp;the premiums he receives on&nbsp;his covered calls.
Also Read: <a href="https://www.benzinga.com/markets/large-cap/25/06/46044073/small-investment-bank-tied-to-trumps-sons-facilitated-120-million-trading-windfall">Small Investment Bank Tied to Trump&#8217;s Sons Facilitated $120 Million Trading Windfall</a>
Despite the risk of having a significant portion&nbsp;of his net worth tied&nbsp;up in Palantir, Breton is&nbsp;also buying Long-Term Equity Anticipation&nbsp;Securities (LEAPs), which allow him to earn&nbsp;income on his underlying shares&nbsp;while still benefiting from potential upside.
&#8220;I&#8217;m now planning my retirement,&nbsp;which is approaching much sooner&nbsp;than I ever expected,&#8221; Breton&nbsp;added, indicating that he might explore some business projects in the future.
Why It Matters: Breton&#8217;s success story underscores the potential rewards of a focused investment strategy, albeit with high risks. 
His experience with Palantir also highlights the company&#8217;s strong performance, which has been bolstered by the launch of its AI platform. 
However, his strategy of tying up a large portion of his net worth in a single stock is not typically recommended due to the associated risks.
Read Next
<a href="https://www.benzinga.com/markets/25/03/44550770/study-investor-fears-of-crash-could-actually-fuel-stock-market-performance">Study: Investor Fears of Crash Could Actually Fuel Stock Market Performance</a>
Image: Shutterstock/Spyro the Dragon

PLTR

This Everyday Investor Built a $2 Million Portfolio From Just One Stock — Here's the Company

These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock fell 24.91% amid a pullback after recent highs. The drop <a href="https://www.benzinga.com//node/46056731" target="_blank" rel="noreferrer noopener">followed its announcement</a> of its partnership with Fiserv to integrate its stablecoin platform into Fiserv's banking and payment solutions.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) stock declined 23.06% amid reports that Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) <a href="https://www.benzinga.com//node/46067629" target="_blank" rel="noreferrer noopener">terminated its collaboration</a> with the company.</li>
<li>Vonage Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VG#NASDAQ">VG</a>) stock plunged 17.46% after BofA Securities maintained a Buy rating on Venture Global stock and <a href="https://www.benzinga.com/quote/VG/analyst-ratings" target="_blank" rel="noreferrer noopener">raised its price forecast</a> to $18.5.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) stock fell 12.86% after the <a href="https://www.benzinga.com//node/46087245" target="_blank" rel="noreferrer noopener">company priced its offering</a> of nearly 90 million shares at $22.25 per share.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock dipped 12.85% amid profit-taking <a href="https://www.benzinga.com//node/46146598" target="_blank" rel="noreferrer noopener">after a recent surge</a>. HC Wainwright &amp; Co. initiated coverage <a href="https://www.benzinga.com//node/46102704" target="_blank" rel="noreferrer noopener">with a Neutral rating</a>.</li>
<li>Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) stock dropped 12.79% after DA Davidson maintained a Buy rating but lowered its <a href="https://www.benzinga.com/quote/DUOL/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast to $500</a>.</li>
<li>Equinix, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) stock declined 11.07% after several analysts <a href="https://www.benzinga.com/quote/EQIX/analyst-ratings" target="_blank" rel="noreferrer noopener">cut their price forecasts</a>.</li>
<li>Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) stock plunged 9.58% amid easing geopolitical tensions between Iran and Israel. President Trump's statement allowing China to buy Iranian oil and the company's North Sea project approval also added pressure.</li>
<li>CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) stock fell 9.34% despite Morgan Stanley and Wells Fargo raising their price forecasts while maintaining <a href="https://www.benzinga.com/quote/CF/analyst-ratings" target="_blank" rel="noreferrer noopener">neutral or overweight ratings</a>.</li>
<li>Ecopetrol S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>) stock decreased 9.25% after it extended its agreement to cut ADR conversion fees by 50%. The broader energy sector also declined following a mild Iranian attack that caused oil prices to slip.</li>
</ol>
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/46159607/nike-aerovironment-and-coinbase-are-among-top-10-large-cap-gainers-last-week-june-23-27-are-the-others-in-your-portfolio">Nike, AeroVironment And Coinbase Are Among Top 10 Large Cap Gainers Last Week (June 23-27): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by PJ McDonnell from Shutterstock

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Hims & Hers Health, Inc. Class A Common Stock

HIMS

Circle Internet, Hims & Hers Health And CoreWeave Are Among Top 10 Large Cap Losers Last Week (June 23-27): Are The Others In Your Portfolio?

We all have a number in our heads — a salary that would make life feel easier. The bills would be paid, savings would grow, and maybe you'd splurge on something just because you can. But that number seems to be rising faster than most paychecks. And for a growing number of Americans, "comfortable" now means <a href="https://www.benzinga.com/topic/salaries">earning six figures</a> — or more.
A new Bankrate <a href="https://www.bankrate.com/investing/financial-advisors/financial-freedom-survey/#tips">survey</a> asked Americans how they're feeling about their financial stability. The short answer: not great. Seventy-seven percent of U.S. adults say they aren't completely financially secure. That number has been creeping up over the past few years, even as inflation cools off. And it's not just a feeling — inflation has chipped away at purchasing power.
A $100,000 salary in 2020 would need to be $124,000 today to keep up. So if your paycheck hasn't grown since then, it feels like a $24,000 pay cut.
When asked what it would take to feel financially comfortable, more than one in four people said they'd need to earn at least $150,000 a year. That's nearly double the national average salary of $81,515. In fact, more than half of Americans say they'd need more than they currently make to feel stable.
For some, that number is $200K. For others, $500K. And 26% say they wouldn't feel rich until they hit $1 million a year.
Gen Xers are the least likely to feel financially secure, with 84% saying they don't feel stable right now. <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/05/45338011/90-of-women-investors-say-theyre-on-track-to-meet-their-financial-goals-survey-finds">Women are also falling behind</a> — just 20% say they feel financially secure, compared to 26% of men. Lower earners are the most at risk: only 12% of those making under $50K say they feel secure.
Only 29% of Americans believe their version of the American Dream is still achievable. Gen Z is more hopeful, but overall, the idea of financial freedom is slipping further out of reach. What used to feel like "extra" — stability, breathing room, savings — now feels like the new minimum.
And for many, that starts at $150,000 a year.
Photo: Shutterstock

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Think $100K Is Enough? Most Americans Don't

These ten large-cap stocks were top performers last week. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) stock gained 46.62% after the company reported <a href="https://www.benzinga.com//node/46083155" target="_blank" rel="noreferrer noopener">better-than-expected</a> Q4 results. Shares of air mobility stocks also gained after the FAA discussed plans to integrate new aircraft into national airspace. Several analysts raised their <a href="https://www.benzinga.com/quote/avav/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> on the stock.</li>
<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) stock upped 32.09% after the company reportedly kept electricity rates frozen for Q3.</li>
<li>Mobileye (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NYSE">MBLY</a>) stock jumped 24.59%.</li>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) stock jumped 20.49% after posting better-than-expected <a href="https://www.benzinga.com//node/46128469" target="_blank" rel="noreferrer noopener">Q4 EPS and sales</a>. The upbeat earnings triggered multiple analysts <a href="https://www.benzinga.com/quote/NKE/analyst-ratings" target="_blank" rel="noreferrer noopener">raising their price forecast</a>.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock gained 17.78% after successfully <a href="https://www.benzinga.com//node/46144080" target="_blank" rel="noreferrer noopener">launching its 67th Electron rocket</a> on a mission for HawkEye 360.</li>
<li>DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) stock upped 16.89% amid sympathy buying across footwear-related stocks following Nike&#8217;s strong Q4 results.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) stock rose 15.23% after KeyBanc initiated coverage with an <a href="https://www.benzinga.com/quote/ANET/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight rating</a> and a $115 price forecast.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) stock gained 15.15% after William Blair initiated coverage on the company with an <a href="https://www.benzinga.com/quote/JHX/analyst-ratings" target="_blank" rel="noreferrer noopener">Outperform rating</a>.</li>
<li>Carnival Corporation &amp; plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) stock rose 14.68% after the company <a href="https://www.benzinga.com//node/46076919" target="_blank" rel="noreferrer noopener">beat Q2 EPS and revenue expectations</a>, prompting analysts to <a href="https://www.benzinga.com/quote/CCL/analyst-ratings" target="_blank" rel="noreferrer noopener">raise their forecasts</a>.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock jumped 14.61% after Oppenheimer reiterated its Outperform rating and boosted its <a href="https://www.benzinga.com//node/46123211" target="_blank" rel="noreferrer noopener">price forecast</a> to $395. Several analysts <a href="https://www.benzinga.com/quote/COIN/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their forecasts</a> for the stock.</li>
</ol>
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Nike, AeroVironment And Coinbase Are Among Top 10 Large Cap Gainers Last Week (June 23-27): Are The Others In Your Portfolio?

President Donald Trump's tariffs have had several unintended effects on the economy, but the unease they have created in the bond market has surprised investors around the globe. The tariffs sparked a bond market sell-off, and there was a second selloff after Congress passed <a href="https://www.benzinga.com/markets/25/05/45707795/how-trump-dinner-led-to-16-000-windfall-for-investors-in-an-inspired-but-unrelated-memecoin">Trump's</a> "big beautiful bill." Concerns over the U.S. budget deficit may have sparked the second sell-off, but a Morgan Stanley (NYSE:<a href="https://www.benzinga.com/quote/MS"> MS</a>) executive says the bond market panic is much ado about nothing.&nbsp;
Jim Caron, chief investment officer of Morgan Stanley's portfolio solutions group, thinks the current panic is overblown. He shared his opinions on U.S. Treasury b<a href="https://www.benzinga.com/markets/economic-data/25/05/45704089/jamie-dimon-warns-of-bond-market-crisis-caused-by-us-debt-binge-youre-going-to-panic">onds</a> with <a href="https://markets.businessinsider.com/news/bonds/bond-market-treasurys-panic-overhyped-morgan-stanley-jim-caron-2025-5">Business Insider </a>after yields hit 4.6% on 10-year bonds and 5.2% on 30-year bonds. That yield spike and accompanying market unease came on the heels of Moody's downgrading America's credit rating. Then the House of Representatives passed Trump's "Big Beautiful Bill,"&nbsp; which could add trillions of dollars to the budget deficit.
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Caron said that investors knew about the U.S. government's spiraling debt before Trump's bill passed the House. That's why he doesn't believe deficit concerns will ruin the general perception that U.S. bonds are low-risk investments. He also said that he views investors fretting over the safety of Treasury Bonds as "tourists in the market."
&#8220;I wouldn&#8217;t say that there&#8217;s a straight line connection to some of the deficit and tax talk,&#8221; he told Business Insider. &#8220;And that&#8217;s kind of what everybody&#8217;s trying to conflate and put together. I think it would be refreshing to absolutely take a deeper look at that and just say, &#8216;look, the fiscal situation is not new news.'&#8221; Caron has enough experience to know investors tend to hit the panic button at the same time.
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Caron told Business Insider that the <a href="https://www.imf.org/external/datamapper/datasets/FM">International Monetary Fund</a> is forecasting that the U.S. budget deficit will only account for 6.5% of the country's GDP this year. That would be an improvement on last year's 7.5%. Caron explained that this is not just a U.S. problem and noted that the U.K., Germany, and Japan also have rising bond yields. His opinion on the fretting about the U.S. deficit is clear. &#8220;The market is creating excess hysteria around it,&#8221; he said.
Still, there is a growing drumbeat of concern from financial observers that the "end is nigh," for the status of the U.S. as the global leader in business and finance. Caron dismissed those concerns out of hand. It's impossible to know if he's correct, because no one can see the future. However, he is correct in pointing out that some people have been predicting the sky would fall on the U.S. for decades, and it hasn't happened yet.
&#8220;I always find it to be a very novice explanation when people say, &#8216;Oh, I think the US is losing its status and the dollar is going to lose its reserve status,'&#8221; Caron told Business Insider. &#8220;If that were actually even 1% true, the markets would be selling off in a massive, massive way.&#8221;&nbsp;
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Is The Bond Market Panic Overblown And Being Driven By Inexperienced Investors? Morgan Stanley Thinks So

Amy Coney Barrett drew high praise from President Donald Trump during a surprise press conference on June 27, after authoring a Supreme Court decision that narrows the authority of lower federal courts to <a target="_blank" href="https://www.benzinga.com/news/politics/25/06/46156417/supreme-court-hands-trump-a-monumental-victory-as-it-limits-judges-power-to-block-presidents-birthright-citizenship-order" rel="noreferrer noopener">issue nationwide injunctions.</a>
The ruling marked a significant legal win for Trump's administration, which has long criticized district judges for blocking its policies coast to coast.
USA Today <a href="https://www.usatoday.com/story/news/politics/2025/06/27/trump-news-conference-live-updates/84385884007/?tbref=hp" target="_blank" rel="noreferrer noopener">reports</a> that the Supreme Court ordered district judges to revisit broad rulings that temporarily blocked enforcement of federal policies, a move that Trump and his team celebrated as a return to constitutional order.
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Justice Barrett authored the 6-3 majority opinion.
Trump praised her work, calling the ruling &#8220;brilliantly written,&#8221; and also thanked Chief Justice John Roberts for supporting the decision. Attorney General Pam Bondi, present at the White House, criticized what she termed &#8220;imperial judges&#8221; who she claimed overstepped their authority by issuing nationwide blocks on Trump-era directives.
Bondi highlighted that judges in states like Maryland, California, and Washington were behind the bulk of injunctions against the administration.
The ruling, she said, puts power back into elected hands and gives Americans what they voted for.
Trump emphasized that the decision could help his administration win its legal battle against birthright citizenship for children born to undocumented or temporary immigrants.
While some Trump loyalists have previously criticized Barrett for ruling against the administration on foreign aid matters, her authorship of this opinion drew praise from the president.
Trump noted, &#8220;I have great respect for her, I always have.&#8221;
The president also discussed hurdles facing his tax and spending bill, acknowledging delays in the Senate.
He cited resistance from Senate parliamentarian Elizabeth MacDonough, but stopped short of backing efforts to remove her.
The House passed the bill, which includes provisions on border security and tax cuts, but its future in the Senate remains uncertain.
Trump also lashed out at Democratic Socialist Zohran Mamdani, who won New York&#8217;s mayoral primary, labeling him a &#8220;communist&#8221; and warning of dire consequences for the country.
On tariffs, Trump brushed off economists&#8217; recession fears, claiming critics should &#8220;go back to business school.&#8221;
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Politics

Amy Coney Barrett Earns Trump's Credit After Court Ruling: 'I Have Great Respect For Her'

Are you making the right investments for your long-term goals? It's a question we should all ponder as we're loading up on stocks, saving for a down payment, and dabbling in crypto.&nbsp;
While these can be good investments, there is one investment that tops them all. Financial guru Mark Tilbury recently said in a <a href="https://www.tiktok.com/@marktilbury/video/7517003763945639190?lang=en">TikTok video</a>.
"That one's priceless," he explained.
Tilbury is talking about investing in yourself. While you should still buy assets like stocks and real estate, regularly investing in yourself is the best path to wealth.&nbsp;
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<h2 class="wp-block-heading">Growing Your Income Is More Important Than Growing Your Portfolio</h2>
Although it's nice to see your portfolio go up by 10% in one month, it's not much money if you only have a $1,000 portfolio. Regularly investing will grow your portfolio and eventually turn those 10% gains into something much larger.
However, the best way to grow your portfolio is by increasing your income. Your portfolio will grow much larger if you can invest $5,000 per month instead of only investing $1,000 per month. A 10% return on a $1 million portfolio will do more for your wealth than a 100% return on a $10,000 portfolio.
Investing in yourself is one of the best ways to grow your income. You can invest in developing new career skills, taking online courses with certifications, and learning how to run a business. Accumulating and implementing knowledge can do more for your net worth than taking your spare change and putting it into stocks.
<h2 class="wp-block-heading">Investing In Yourself Creates More Possibilities</h2>
When you invest in yourself, you start to see new possibilities that aren't available if you don't invest in yourself. For instance, if you get a certification in a high-demand skill like cybersecurity, you can suddenly explore new career opportunities.
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Investing in yourself also means believing in yourself. Some people job hop after a few years of working at the same company to boost their earnings. While some people may get an annual 3% raise, you can likely get a much higher salary bump if you switch employers.&nbsp;
You don't have those possibilities if you remain content and avoid making investments in yourself. While stocks, crypto, and real estate can continue to appreciate, your ability to compound your earnings can lead to a much higher net worth in the long run.
<h2 class="wp-block-heading">Investing In Yourself Doesn't Stop With Your Finances</h2>
Investing in yourself isn't all about developing career skills, working on side hustles, and maximizing your income. It's also about investing in experiences that make you a better person and enrich your life.
Volunteering for a good cause is an investment in yourself that allows you to help others. Going on a vacation is an investment in building up your experiences. You can also invest in yourself by learning a new language, which can increase your memory and problem-solving skills.
Embarking on goals that you have held on to for several years can be incredibly fulfilling, even if these goals aren't correlated with your career. However, the successes and momentum you build toward these types of goals can translate into career growth.
You have many ways to invest in yourself. Some of them directly translate into higher earnings, while others may have an indirect benefit on how much you earn.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Mark Tilbury Says the Best Investment You Can Make Isn't in Stocks or Crypto—'That One's Priceless'

People of a certain age may remember their mother, grandmother, or aunt spending countless hours sewing quilts, which remains a popular hobby. You might even be into quilting yourself, but did you ever imagine that you could turn that passion into a business that earns over $100,000 per month? 50-year-old Mike O'Dell, a nurse anesthetist from Oklahoma City, did exactly that, and he only works one day per month on his side hustle.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
O'Dell's day job, which he does during his four-day, 10-hour work week, requires extremely high attention to detail. O'Dell told CNBC's "<a href="https://www.cnbc.com/2025/05/22/legit-kits-ceo-mike-odell-how-i-built-my-side-hustle-to-run-without-me.html">Make It</a>" that his work as a nurse anesthetist is so intense that he can't even use the bathroom or take a lunch break without another employee to cover for him. This highly specialized work pays O'Dell $240,000 per year, but it also comes with a high-stress level.
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There is no such thing as a "do-over" in his profession, and even a small mistake could cost a patient their life. It stands to reason that someone who works in such a high-stakes environment would seek a creative outlet to help decompress from doing such high-stakes work. O'Dell told CNBC that outlet was sewing, a craft he learned 20 years ago to make a "Braveheart" Halloween costume.&nbsp;&nbsp;
According to CNBC, O'Dell realized his passion could be lucrative after sewing two custom <a href="https://www.benzinga.com/25/02/43952678/lucasfilm-president-kathleen-kennedy-to-step-down-how-move-could-impact-star-wars-franchise-disney-stock">Star Wars</a> themed quilts for his sons in 2020. O'Dell used an innovative method known as "foundation paper piecing" to make them. He began by drawing a giant pattern on a 6'x5' piece of paper and then used his drawing as a sewing guide for the fabric. The final product was not only impressive, but the foundation paper piecing process was also much easier than he expected it to be.
That's when the proverbial light bulb came on for O'Dell, who decided to build a business around making and sewing quilts. The CNBC profile noted that O'Dell ran his company, Legit Kits, with the same methodical approach he used during his day job as an anesthetist.&nbsp; O'Dell knew Legit Quilts had potential, but he also knew it would have been precipitous to quit his day job and go all-in on a new project.
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&#8220;The burnout I feel at the hospital fuels my energy to do the other thing for myself,&#8221; O&#8217;Dell said. &#8220;It turns the volume down when everybody&#8217;s mad at work.&#8221; He built Legit Kits to function independently. O'Dell brought in two graphic designers to handle the patterns and another person to cut the individual pieces. Legit Kits customers got a complete kit that allowed them to create much nicer pieces than their skill levels would normally allow.
Legit Kits was a hit with the quilting set, and the company was profitable by 2023. According to CNBC, O'Dell's company was doing enough business to move into a 4,500 square foot warehouse in 2024. Perhaps more impressively, CNBC reported Legit Kits broke even for the year after making such an expensive move.&nbsp; Legit Kits made a very strong $1.25 million in revenue for 2024. That's over $100,000 per month in income.
O'Dell still has his day job, but he spends one day per week at Legit Kits reviewing new designs and marketing. His time at Legit Kits may not be as lucrative as being an anesthetist, but it offers other rewards. O'Dell said that he can enjoy simple pleasures like driving his sons to school and having a leisurely cup of morning coffee on the day he works at Legit Kits.
He told CNBC he will earn an extra $50,000 this year for his work as Legit Kits' CEO and creative director. O'Dell would like to expand, but like many small businesses, he depends on products from Asia to stay profitable, and President Donald Trump's<a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report"> tariffs</a> have clouded his long-term outlook. O'Dell sources his fabric in Vietnam and Indonesia, whose products are currently subject to 46% and 32% tariffs.
However, those rates are set to be replaced by a blanket 10% tariff that will come into effect in July.  &#8220;The uncertainty is stressful,&#8221; O&#8217;Dell said. &#8220;Optimism is essential these days. Hope mine isn&#8217;t misplaced.&#8221; In the meantime, he has a very lucrative and stress-reducing side hustle. &#8220;I can eat breakfast, I can go to the gym. I set my own schedule," he said.
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How This 50-Year-Old Built A Side Hustle Paying Over $100K Per Month For Working 1 Day Per Week

The past week has been a rollercoaster ride in the world of business and finance. From trade negotiations to aviation incidents, autonomous vehicle launches to electric vehicle sales, and massive vehicle recalls, the news cycle has been anything but dull.
Here&#8217;s a quick recap of the top stories that made headlines.
Japan&#8217;s Trade Negotiator Rejects Trump&#8217;s Auto Tariffs
Japan&#8217;s chief trade negotiator,&nbsp;Ryosei Akazawa, has voiced his disapproval of U.S. President Donald Trump&#8217;s proposed 25% auto tariffs. Akazawa emphasized the significant contribution of Japan&#8217;s automobile industry to the U.S. economy during the ongoing trade talks in Washington.
<a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">Read the full article here.</a>
Boeing Faces NTSB Scrutiny Over Mid-Air Incident
Aircraft manufacturer Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is under investigation for its role in last year&#8217;s mid-air blowout incident involving Alaska Air Group Inc.&#8217;s Flight 1282. The National Transportation Safety Board (NTSB) is set to hold a hearing to determine the cause of the sudden loss of pressure in the aircraft&#8217;s fuselage.
<a href="https://www.benzinga.com/news/travel/25/06/46070802/this-shouldve-been-caught-years-ago-boeing-faces-ntsb-heat-over-737-max-9-alaska-airlines-mid-air-blowout-incident">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45919464/boeing-faces-fresh-turmoil-as-india-mulls-787-8-grounding-after-fatal-crash-ceo-kelly-cancels-paris-trip-report">Boeing Faces Fresh Turmoil As India Mulls 787-8 Grounding, Safety Review After Fatal Crash, CEO Kelly Ortberg Cancels Paris Trip: Report</a>
Tesla Launches Robotaxi In Austin
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;has officially launched its Robotaxi service in Austin, marking a significant milestone in the self-driving taxi race in the U.S. The small-scale event saw the rollout of over 10 Tesla Model Y Robotaxis in Austin&#8217;s South Congress neighborhood.
<a href="https://www.benzinga.com/markets/tech/25/06/46045542/tesla-launches-robotaxi-in-austin-elon-musk-calls-it-a-culmination-of-a-decade-of-hard-work">Read the full article here.</a>
BYD Surpasses Tesla In Europe
Electric vehicle company BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has outperformed Tesla in Europe, thanks to multiple new vehicle launches and a potential decline in demand for Tesla. The trend may continue as BYD is reportedly just getting started with its new vehicle launches.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46105919/byd-beats-tesla-in-europe-never-been-such-a-product-offensive-done">Read the full article here.</a>
General Motors Recalls Over 62,000 Vehicles
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)&nbsp;has issued a recall for over 62,468 vehicles in the U.S. due to a brake pressure sensor issue. The recall affects Chevrolet Silverado Pickup trucks manufactured from 2019 to 2024.
<a href="https://www.benzinga.com/markets/tech/25/06/46111407/general-motors-recalls-over-62000-vehicles-for-brake-issue-that-could-potentially-result-in-a-fire-r">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Media

BYDDF

BYDDY

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

In a late-night voting session, Senate Republicans have successfully advanced a significant bill backed by President Donald Trump. The bill encompasses tax breaks, spending cuts, and an increase in deportation funds.
What Happened: The Senate Republicans managed to clear a crucial procedural step in a tense Saturday session. The vote count of 51-49 followed a tumultuous night,&nbsp;with Vice President JD Vance&nbsp;on standby&nbsp;to break a potential tie.
Despite facing opposition from Democrats, Republicans are leveraging&nbsp;their majorities in Congress to&nbsp;push the bill forward. 
However, the journey has not been smooth, with&nbsp;a series of political and&nbsp;policy setbacks. Not all GOP&nbsp;lawmakers are in agreement with the proposed spending cuts on Medicaid, food stamps, and other programs, which are intended to offset the cost of&nbsp;some $3.8 trillion in Trump&nbsp;tax breaks.
As per the report <a href="https://apnews.com/article/trump-tax-breaks-spending-cuts-senate-deadline-8c72d6db7c9725d9d56db8294012809e">by </a>The Associated Press, Senate Majority Leader John Thune (R-S.D.) expressed his eagerness to pass the legislation, stating, &#8220;It&#8217;s time to get this legislation across the finish line.&#8221;
However, President Trump&#8217;s bill also faced resistance from within his own party. Sen. Thom Tillis of North Carolina voiced his inability to support the bill due to the severe Medicaid cuts it proposed. Both Tillis and Sen. Rand Paul of Kentucky voted against the bill.
The bill, dubbed the &#8220;One Big Beautiful Bill Act,&#8221; was unveiled just before midnight on Friday. Senators are expected to engage in debates and amendments over the coming days. If passed, the bill will return&nbsp;to the House for a&nbsp;final round of votes before&nbsp;it can reach the White House.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">Amid Trump&#8217;s Anti-EV Push, Senate Republicans Propose Tax Bill To Axe $7500 EV Credit</a>
SALT Provision Compromise Stirs Controversy
According to reports, the Senate has included a compromise in their final draft regarding&nbsp;the so-called SALT provision, a&nbsp;deduction for state and local&nbsp;taxes. 
This&nbsp;has been a top priority&nbsp;for lawmakers from high-tax states like New York. The current SALT cap stands at $10,000 a year, but some Republicans have been advocating for a boost&nbsp;to $40,000 a year. The&nbsp;final draft includes a $40,000&nbsp;cap, but limits it for&nbsp;five years. 
This has drawn criticism from many Republican senators who believe it&#8217;s too generous, while&nbsp;House Republicans are not fully&nbsp;satisfied either.
The updated bill also introduces&nbsp;a new production tax credit&nbsp;for metallurgical coal, used in steelmaking, aligning&nbsp;with GOP support for the&nbsp;fossil fuel industry. The bill notably reduces&nbsp;subsidies for clean power sources&nbsp;like wind and solar, along&nbsp;with tax credits for buying&nbsp;electric vehicles,&nbsp;and instead includes incentives for&nbsp;the coal industry.
The new text also provides&nbsp;a bonus incentive for advanced&nbsp;nuclear facilities built in communities&nbsp;with high levels of employment&nbsp;in the nuclear industry. Additionally,&nbsp;the bill makes metallurgical coal&nbsp;eligible for the advanced manufacturing&nbsp;production tax credit through 2029.
<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">Senate bill includes a coal subsidy. <a href="https://t.co/pK24smjPZZ">pic.twitter.com/pK24smjPZZ</a>
&mdash; Gregory Brew (@gbrew24) <a href="https://twitter.com/gbrew24/status/1938995340679540957?ref_src=twsrc%5Etfw">June 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The advancement of this bill marks a significant step in the Trump administration&#8217;s legislative agenda. The proposed tax breaks and spending cuts could have far-reaching impacts on the economy and public services. 
However, the bill&#8217;s future remains uncertain due to the lack of unanimous support within the GOP and staunch opposition from Democrats. The coming days will be crucial in determining the fate of the &#8220;One Big Beautiful Bill Act.&#8221;
Read Next
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Trump's Major Bill Advances In Senate Amid Late-Night Vote, SALT Provision Compromise Stirs Controversy

Citadel LLC founder Ken Griffin says the quickest way to know whether you're in the right job is to ask if you still crack open the textbooks.
What Happened: "Stay current in the body of knowledge that represents the career you've chosen," he told S&amp;P Global's Leaders <a href="https://www.spglobal.com/en/research-insights/podcasts/leaders/ken-griffin-on-building-citadel-ai-and-independent-thinking">podcast</a>, released this week. "And by the way, if it's not interesting to you, you picked the wrong career. It's that simple."
Griffin, whose net worth Forbes <a href="https://www.forbes.com/sites/chasewithorn/2025/04/01/forbes-worlds-billionaires-list-2025-the-top-200/">pegs</a> at about $42 billion, still carves out time to study credit research 35 years into running the hedge-fund giant. &#8220;We hire endless numbers of really bright undergraduates. Some of them have this belief that when you graduate from college, you&#8217;re done reading textbooks, and nothing can be further from the truth,&#8221; he said.
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He pointed listeners to &#8220;published literature&#8221; or other academic literature accessed via Google Scholar, highlighting his call to "always, always be immersing yourself in the literature."
See also: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46131850/none-of-that-matters-kevin-oleary-says-you-might-have-to-sacrifice-your-marriage-your-dog-and-even-your-moms-love-to-succeed">&#8216;None Of That Matters&#8217; — Kevin O&#8217;Leary Says You Might Have To Sacrifice Your Marriage, Your Dog, And Even Your Mom&#8217;s Love To Succeed</a>
&#8220;I can't tell you how many S&amp;P books I've read over the years and how to think about credit risk because we've invested in credit for 35 years,&#8221; explained Griffin.
Why It Matters: The 56-year-old urged young professionals to "read books that speak to the domain knowledge of the job you have" and switch fields early if that reading feels like drudgery. Moving across industries, he added, signals the "agility and flexibility to take on new challenges" that future bosses prize.
Griffin in a previous interview told Stanford Business students that they&#8217;ve very liked &#8220;screwed up&#8221; their degrees if they end up &#8220;the <a href="https://www.benzinga.com/news/management/25/05/45183198/citadel-kingpin-ken-griffin-warns-being-smartest-in-the-room-means-youve-screwed-up-your-mba">smartest person in the room</a>.&#8221; Griffin urged students to keep surrounding themselves with the sharpest minds to ensure there&#8217;s always more to learn.
Citadel&#8217;s own culture of constant learning has paid off, as evidenced by its flagship Wellington fund&#8217;s progress. The fund gained 1.3% in April despite volatile markets, reveals a WSJ <a href="https://www.wsj.com/finance/investing/citadel-sidesteps-aprils-market-swoons-to-post-gains-across-its-funds-6cf7969e">report</a>, lifting year‑to‑date returns back into positive territory.
Photo Courtesy: donatas1205 on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-hes-taking-the-proof-to-congress">Bill Gates Says He Knows For A &#8216;Fact&#8217; That More Children Will Die Due To US Health Aid Cuts And He&#8217;s Taking The &#8216;Proof&#8217; To Congress</a>

Education

Ken Griffin Says If You Think You're Done With Textbooks After College, You Need 'A New Career'

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.
What Happened: Nearly 40% of&nbsp;Americans saddled with credit card&nbsp;debt have been dishonest about&nbsp;their financial situation. The report, based on a survey conducted by&nbsp;LendingTree, discloses that individuals with higher income are more prone to hide their debt.
Since 2021, credit card balances have seen a significant increase from a low of $770 billion, a rise partly attributed to government checks issued during the pandemic.
The situation has since deteriorated, with almost half of Americans feeling embarrassed about their debt levels and resorting to downplaying or concealing it.
The <a href="https://www.lendingtree.com/credit-cards/study/debt-lies/">report </a>also highlighted that 46% of Americans are now grappling with some form of credit card debt, with half of those earning six figures also in debt. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44889438/survey-unveils-american-misconceptions-about-credit-card-debt-management">Survey Unveils American Misconceptions About Credit Card Debt Management</a>
Additionally,&nbsp;35% of women with credit&nbsp;card debt admit to it, as opposed to 21% of men. Baby&nbsp;boomers are more than twice&nbsp;as likely as Gen Zers&nbsp;or Millennials to be honest about their debt.
Why It Matters: Despite the escalating debt, LendingTree asserts that most Americans believe they have their credit card debt under control, irrespective of their comfort level in discussing it with their loved ones. 
This alarming trend of increasing debt and the accompanying denial could potentially lead to a financial crisis if left unchecked. 
The report underscores the urgent need for financial literacy and transparency in personal finance, to prevent the debt situation from spiraling out of control.
Read Next
<a href="https://www.benzinga.com/markets/25/02/43756938/ray-dalio-warns-of-looming-us-debt-crisis-says-america-faces-economic-heart-attack-without-fiscal-cuts" target="_blank" rel="noreferrer noopener">Ray Dalio Warns of Looming US Debt Crisis, Says America Faces ‘Economic Heart Attack' Without Fiscal Cuts</a>
Image: Shutterstock/Me dia

US Credit Card Debt Hits $1.18 Trillion As Americans Downplay What They Owe

The past week has been a whirlwind of developments in the artificial intelligence (AI) sector. From executive orders aimed at boosting AI development to corporate strategies and endorsements, the race for AI supremacy is heating up. Here&#8217;s a recap of the top stories that made headlines.
Trump&#8217;s AI Power Play
The Trump administration is reportedly preparing executive actions to strengthen the U.S. AI sector, with the goal of outpacing China in the global AI race. The proposed actions aim to alleviate power grid constraints and speed up data center construction, both of which are vital for AI development. This news comes from sources familiar with the matter, as reported by Reuters.
<a href="https://www.benzinga.com/markets/tech/25/06/46156509/trumps-ai-power-play-executive-orders-aim-to-outpace-china-rewire-us-grid-in-fight-for-tech-supremacy-report">Read the full article here.</a>
Masayoshi Son&#8217;s AI Ambition
SoftBank Group CEO Masayoshi Son has declared his intention to position his company as the leading platform provider in the artificial super intelligence (ASI) sector within the next decade. Son&#8217;s ambitious plan aims to rival major tech firms like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
<a href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in">Read the full article here.</a>
See Also: <a href="https://benzinga.com/markets/tech/25/06/46156518/elon-musk-reacts-after-tesla-completes-autonomous-delivery-of-model-y-from-factory-to-customer-home-" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Tesla Completes Autonomous Delivery Of Model Y: From Factory To Customer Home Across Town, Through Highways</a>
Musk Endorses Nadella&#8217;s AI View:
Tesla CEO Elon Musk endorsed Microsoft CEO Satya Nadella's perspective on the practical impact of AI. Musk supported Nadella&#8217;s emphasis on AI's benefits to sectors like healthcare, education, and productivity. Nadella had stressed that AI must produce results that are "socially useful."
<a href="https://www.benzinga.com/markets/tech/25/06/46136541/elon-musk-backs-satya-nadellas-view-that-ai-must-produce-socially-useful-results-the-real-question-in-the-next-five-years-is">Read the full article here.</a>
AI-Driven Workforce Reduction at Amazon:
Amazon CEO Andy Jassy announced that AI will likely reduce the company's corporate workforce. This announcement has led to a stark warning from former Amazon Vice President Ethan Evans, who advises employees to adapt or face elimination.
<a href="https://www.benzinga.com/markets/equities/25/06/46110289/amazon-ceo-andy-jassy-warns-of-ai-driven-workforce-reduction-amzn-wont-keep-everyone-says-ex-vp-ethan-evans-in-warning-to-employees">Read the full article here.</a>
Nadella Praises Palantir&#8217;s FDE Model
Nadella praised Palantir Technologies Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) Forward Deployed Engineer model as "fantastic." This has sparked industry debate about the data analytics company's unique approach to product development.
<a href="https://www.benzinga.com/markets/equities/25/06/46109638/microsoft-ceo-satya-nadella-praises-palantirs-fde-model-as-fantastic-insiders-say-its-not-consulting-it-builds-the-product-customers-need">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/tech/25/06/46133153/tesla-robotaxi-has-a-major-advantage-over-rivals-waymo-and-zoox-says-gary-black-could-be-very-signif" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Has A Major Advantage Over Rivals Waymo And Zoox, Says Gary Black: &#8216;&#8230;Could Be Very Significant&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Palantir's FDE Model Gets Praise, Softbank's Ambition, And Musk's Nadella Endorsement: This Week In AI

Billionaire philanthropist and co-founder of Microsoft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Bill Gates has responded to a video posted by Senator Susan Collins (R-ME) regarding the President&#8217;s Emergency Plan for AIDS Relief (PEPFAR). 
What Happened: Gates shared a video on X from Senator Collins discussing the importance of PEPFAR, a U.S. initiative launched in 2003 by former President George W. Bush. The initiative has saved over 26 million lives and enabled 7.8 million HIV-free births. Gates underscored the bipartisan support for PEPFAR and warned against cuts in funding aimed at preventing disease transmission and warned America, &#8220;It&#8217;s not too late to change course.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s not too late to change course. <a href="https://t.co/w4vD15se6I">https://t.co/w4vD15se6I</a>
&mdash; Bill Gates (@BillGates) <a href="https://twitter.com/BillGates/status/1938368126372253782?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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<figcaption class="wp-element-caption"> Gates&#8217; post gains relevance in light of recent political events, notably the Trump administration&#8217;s initial proposal to reduce HIV prevention funding—a move that faced strong backlash and was ultimately reversed in the LA County.</figcaption></figure>
SEE ALSO: <a href="https://benzinga.com/personal-finance/crowdsourcing/25/06/46132917/mark-cuban-says-joe-biden-wouldnt-meet-with-him-or-other-business-leaders-that-isolation-led-them-straight-to-trump" target="_blank" rel="noreferrer noopener">Mark Cuban Says Joe Biden Wouldn&#8217;t Meet With Him Or Other Business Leaders. That Isolation Led Them Straight To Trump &#8211; Benzinga</a>
What&#8217;s Next: Gates has been vocal about the impact of U.S. health aid cuts. He recently expressed his concerns about the impact of continued U.S. cuts to global health aid, warning that <a href="https://www.benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-hes-taking-the-proof-to-congress">these reductions </a>could lead to an additional 8 million child deaths by 2040, citing a study.
Last week, UNAIDS Executive Director Winnie Byanyima stated that Donald Trump&#8216;s cuts to HIV/AIDS programs are expected to further undermine an already struggling effort to eliminate the disease as a public health threat by 2030, as per Reuters. 
Earlier, Gates made a <a href="https://www.benzinga.com/news/politics/25/06/45853888/bill-gates-quietly-visits-white-house-amid-trump-musk-feud-urges-marco-rubio-to-reverse-usaid-cuts-report">quiet visit</a> to the White House to urge Secretary of State Marco Rubio to reconsider the proposed cuts to foreign aid under the DOGE program. Despite Rubio&#8217;s assurance that the State Department will continue providing lifesaving aid, Democrats have raised doubts about the department&#8217;s commitment to following through on that promise.
Earlier Gates had urged the Trump administration to maintain funding for international health initiatives, cautioning that his Gates foundation would not be able to compensate for the potential shortfall.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080769/tesla-robotaxi-rollout-bill-gates-elon-musk">Elon Musk Adds $19B In A Day—Now Worth Twice As Much As Bill Gates </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.

Bill Gates Warns US 'It's Not Too Late To Change Course' As Trump Team Targets HIV Funding Cuts

The past week in the world of cryptocurrency was nothing short of eventful. From legislative moves aimed at curbing alleged corruption in cryptocurrency ventures to bold predictions about Bitcoin&#8217;s dominance, the week was filled with intriguing developments.
Here&#8217;s a quick recap of the top stories that made headlines.
Adam Schiff Takes Aim At Trump&#8217;s Crypto Ventures
In a bid to curb what he calls &#8220;corruption in plain sight,&#8221; Rep. Adam Schiff (D-Calif.) introduced legislation targeting cryptocurrency ventures by President Donald Trump and other senior administration officials. Schiff&#8217;s proposed COIN Act seeks to put an end to the alleged corruption in these ventures.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-">Read the full article here.</a>
Tim Draper Foresees Bitcoin&#8217;s Dominance
Billionaire investor Tim Draper predicts that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) will completely dominate the dollar within the next five years. Draper, a long-time Bitcoin advocate, attributes this potential dominance to the unprecedented innovation on the Bitcoin network.
<a href="https://www.benzinga.com/crypto/25/06/46107772/tim-draper-says-this-will-be-the-fate-of-bitcoin-and-the-dollar-in-5-years-billionaire-highlights-apps-built-on-btc-that-matter">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46150671/bitcoin-ethereum-xrp-dogecoin-trade-flat-on-friday-but-one-major-leg-up-left-says-trader" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Trade Flat On Friday But &#8216;One Major Leg Up Left,&#8217; Says Trader</a>
Cathie Wood&#8217;s Exciting Prediction for Bitcoin
Despite Bitcoin&#8217;s 400x rise, Cathie Wood, CEO of ARK Invest, believes that the &#8220;next exciting leg&#8221; of Bitcoin&#8217;s growth journey is just beginning. Wood&#8217;s comments came in response to billionaire hedge fund manager Philippe Laffont&#8217;s views on Bitcoin.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46087464/bitcoins-400x-rise-aside-cathie-wood-says-the-next-exciting-leg-is-just-beginning">Read the full article here.</a>
Tom Lee&#8217;s Prediction for MicroStrategy
Tom Lee, head of research at Fundstrat Global Advisors, predicts that Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), formerly known as MicroStrategy, could deliver superior returns compared to Bitcoin itself as the cryptocurrency rallies.
<a href="https://www.benzinga.com/crypto/25/06/46089976/tom-lee-says-microstrategy-could-outpace-bitcoin-gains-goes-up-a-lot-more-as-btc-rallies">Read the full article here.</a>
Trump Family-Backed Crypto Venture&#8217;s New App
World Liberty Financial, a crypto venture backed by U.S. President Donald Trump, plans to launch a new app aimed at making it easier for lay investors to use cryptocurrencies. The Trump family, which holds a 75% claim on the venture&#8217;s net revenues, has faced criticism due to potential conflicts of interest.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46107720/trump-family-backed-world-liberty-financial-plans-to-launch-a-new-app-that-will-make-it-eas">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/46146124/bitcoin-yields-of-up-to-8-are-no-longer-a-fantasy-heres-whos-offering-them" target="_blank" rel="noreferrer noopener">Bitcoin Yields Of Up To 8% Are No Longer A Fantasy: Here&#8217;s Who&#8217;s Offering Them</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

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

Cryptocurrency

$BTC

MSTR

Trump's Crypto Ventures, Draper And Cathie Wood's Bitcoin Predictions, MSTR Estimates, And More: This Week In Crypto

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, publicly criticized President Donald Trump&#8216;s One Big Beautiful Bill, which advanced in the Senate Saturday night, calling it &#8220;utterly insane&#8221; and &#8220;destructive.&#8221;
What Happened: Musk&#8217;s criticism comes in the midst of an ongoing public disagreement with President Trump, who is a supporter of the bill. Musk&#8217;s criticism is aimed at the sections of the bill that propose tax hikes on a range of energy projects.
These include solar, battery, geothermal, wind, and nuclear energy projects. Tesla, the electric vehicle and clean energy company Musk heads, has significant interests in both battery energy storage systems and solar photovoltaics.
Musk took to X, his personal social media platform, to express his concerns about the bill. He stated that it &#8220;will destroy millions of jobs&nbsp;in America and cause immense&nbsp;strategic harm to our country!&#8221;. 
He also criticized the bill for its perceived bias towards &#8220;industries of the past&#8221;, which he believes will be detrimental to future industries.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country! Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future. <a href="https://t.co/TZ9w1g7zHF">https://t.co/TZ9w1g7zHF</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1939051424995786839?ref_src=twsrc%5Etfw">June 28, 2025</a></blockquote>
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<figcaption class="wp-element-caption">Latest Musk referred to a poll saying, "Polls show that this bill is political suicide for the Republican Party."</figcaption></figure>
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45828038/trump-vs-musk-trump-hints-at-canceling-musks-contracts-well-take-a-look-at-everything-hes-got-a-lot-of-money-heres-how-musk-responded">Trump vs. Musk: Trump Hints at Canceling Musk&#8217;s Contracts: &#8216;We&#8217;ll Take a Look at Everything, He&#8217;s Got a Lot of Money.&#8217; Here&#8217;s How Musk Responded</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Polls show that this bill is political suicide for the Republican Party <a href="https://t.co/HJwKZ9g4tu">pic.twitter.com/HJwKZ9g4tu</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1939069416756650401?ref_src=twsrc%5Etfw">June 28, 2025</a></blockquote>
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The proposed legislation also includes&nbsp;a new subsidy for coal&nbsp;used in steel production. This public criticism from Musk has led to a strain in his relationship with President Trump. Following Musk&#8217;s comments, Tesla&#8217;s shares fell by 14% after the president threatened to review government contracts awarded to Musk&#8217;s companies.
Despite expressing regret over some of his posts, Musk continues to voice his opposition as the legislative debate over the bill approaches.
Why It Matters: Musk&#8217;s criticism of the Senate&#8217;s domestic policy package is significant given his position as the CEO of Tesla, a company heavily invested in renewable energy. The proposed tax increases on energy projects could potentially impact Tesla&#8217;s business operations and future growth.
The public feud with President Trump and the subsequent threat to reassess government contracts for Musk&#8217;s companies has already had a noticeable impact on Tesla&#8217;s share price. 
This ongoing situation highlights the potential risks and uncertainties faced by companies in the renewable energy sector.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45826692/trump-musk-feud-may-not-end-anytime-soon-as-president-says-he-has-no-plans-to-speak-to-the-tesla-ceo" target="_blank" rel="noreferrer noopener">Trump-Musk Feud May Not End Anytime Soon As President Says He Has No Plans To Speak To The Tesla CEO</a>
Image: Shutterstock/Shutterstock AI

Elon Musk Calls Trump's Megabill 'Political Suicide,' Says 'It Is Utterly Insane and Destructive,' Will 'Destroy Millions of Jobs in America'

The past week has been a whirlwind of tech and entertainment news, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) at the center of it all. From the box office success of their Brad Pitt-starrer &#8216;F1: The Movie&#8217; to the company&#8217;s ambitious plans for AI and iOS updates, Apple has been making waves in multiple sectors. Here&#8217;s a recap of the top stories.
&#8216;F1: The Movie&#8217; Races Ahead, &#8216;M3GAN 2.0&#8217; Lags
Apple&#8217;s Original Films&#8217; &#8220;F1: The Movie,&#8221; has surpassed expectations, raking in $10 million in previews and is set for a $115 million global opening. Meanwhile, &#8220;M3GAN 2.0&#8221; has had a slower start. The racing drama, directed by Joseph Kosinski, earned $7 million from Thursday night shows and $3 million from sneak screenings, according to The Hollywood Reporter.
<a href="https://www.benzinga.com/news/entertainment/25/06/46156319/apples-brad-pitt-starrer-f1-the-movie-sets-the-pace-with-10-million-in-previews-poised-for-115-million-global-opening-m3gan-2-0-faces-slower-start-despite-strong-sequel">Read the full article here.</a>
Chamath Palihapitiya Criticizes Apple&#8217;s Innovation Prospects
Venture capitalist Chamath Palihapitiya has expressed skepticism about Apple&#8217;s potential for future breakthroughs during an episode of the All-In podcast. He stated that the tech giant has no &#8220;chance of anything&#8221; when it comes to upcoming innovations.
<a href="https://www.benzinga.com/markets/tech/25/06/46068152/whats-next-for-apple-chamath-palihapitiya-fires-back-dont-think-they-have-any-chance-of-anything-dismisses-glasses-and-ai-hopes">Read the full article here.</a>
See Also: <a href="https://benzinga.com/markets/tech/25/06/46156518/elon-musk-reacts-after-tesla-completes-autonomous-delivery-of-model-y-from-factory-to-customer-home-" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Tesla Completes Autonomous Delivery Of Model Y: From Factory To Customer Home Across Town, Through Highways</a>
Apple Plans to Use AI to Speed Up Custom Chip Design
Apple is reportedly planning to use generative artificial intelligence to expedite the development of its custom chips, according to senior executive Johny Srouji. During a speech in Belgium, Srouji highlighted the potential of generative AI in enhancing chip design productivity.
<a href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time">Read the full article here.</a>
Apple Considers Perplexity AI Acquisition Amid Lawsuit
Apple executives have reportedly discussed the potential acquisition of Perplexity AI internally. Adrian Perica, Apple&#8217;s head of M&amp;A, proposed the idea to senior leaders, including services chief Eddy Cue. This comes as Apple faces a shareholder lawsuit over exaggerated AI progress reports.
<a href="https://www.benzinga.com/markets/tech/25/06/46041473/apple-eyes-perplexity-ai-acquisition-while-facing-shareholder-lawsuit-over-exaggerated-ai-progress-report">Read the full article here.</a>
Apple Tweaks Liquid Glass in iOS 26 Beta 2 After Readability Criticism
Following widespread criticism over poor readability, Apple has rolled out iOS 26 Beta 2 with key changes to its new Liquid Glass user interface. The company adjusted the background blur in Control Center to make buttons and sliders more legible
<a href="https://www.benzinga.com/markets/tech/25/06/46066274/apple-liquid-glass-gets-tweaks-in-ios-26-beta-2-after-early-testers-slam-readability-issues-heres-what-else-has-changed">Read the full article here.</a>
Apple Opens iOS 26 Lock Screen Animation to Third-Party Music Apps
Apple is reportedly extending one of iOS 26&#8217;s new features—animated album art on the lock screen—to third-party music and audio apps, breaking its exclusive tie to Apple Music.
<a href="https://www.benzinga.com/markets/tech/25/06/45942472/apple-opens-ios-26-lock-screen-animation-to-spotify-and-other-third-party-music-apps-report">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Apple's F1 Surpasses Expectations, Chamath Palihapitiya's Criticism, AI For Chip Design, And Perplexity Acquisition In Consideration: This Week In Appleverse

The past week has been a rollercoaster ride for Wall Street, with unexpected turns in trade negotiations, surprising oil market reactions, and tech giants reaching new heights.
Here&#8217;s a quick recap of the top stories that kept the financial world buzzing over the weekend.
Trump&#8217;s Trade Turnaround
In a shocking move, President Donald Trump abruptly halted all trade negotiations with Canada, sending Wall Street into a frenzy. The President announced on Truth Social that Canada&#8217;s new Digital Services Tax on American tech companies was &#8220;a direct and blatant attack on our Country.&#8221; This sudden reversal sent investors scurrying from risk assets, dampening the earlier optimism.
<a href="https://www.benzinga.com/news/politics/25/06/46150909/trump-canada-tariffs-dollar-deal">Read the full article here.</a>
Oil Market Defies Expectations
Contrary to predictions, oil markets crashed by over 7% to $68 a barrel, even as Iran launched missiles at U.S. military installations in Qatar. Instead of triggering a surge in crude prices, the attack seemed to confirm market expectations of a controlled response rather than the onset of a full-blown war.
<a href="https://www.benzinga.com/markets/commodities/25/06/46061928/iran-oil-attack-us-qatar-trump-negotiation">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/commodities/25/06/46120819/platinum-miners-forecasts-stocks" target="_blank" rel="noreferrer noopener">Platinum's Biggest Rally In 40 Years: These 6 Mining Stocks Could Be Top Gainers</a>
Recession Risks Rise
The Conference Board Leading Economic Index fell 0.1% month-over-month in May, marking its sixth consecutive monthly decline. This signals an increasing risk of recession for the U.S. economy, with the index declining in 37 of the last 39 months, one of the worst streaks since 1960.
<a href="https://www.benzinga.com/markets/economic-data/25/06/46088021/us-recession-risk-rises-as-leading-economic-index-falls-again-in-may-37-declines-in-39-mont">Read the full article here.</a>
Dollar&#8217;s Worst Slide in Decades
The first five months of Donald Trump&#8217;s presidency have seen one of the steepest collapses in the U.S. dollar in over three decades. Economic contraction, surging deficits, and political friction with the Federal Reserve have all contributed to the greenback&#8217;s decline.
<a href="https://www.benzinga.com/markets/economic-data/25/06/46146713/trump-dollar-outlook-tariffs-debt">Read the full article here.</a>
Nvidia&#8217;s Rise to the Top
Wall Street returned to record highs at the end of June, with both the S&amp;P 500 and Nasdaq 100 breaking above their February peaks. Amidst this, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) became the most valuable company as investor sentiment turned positive and geopolitical and trade risks eased.
<a href="https://www.benzinga.com/markets/equities/25/06/46152595/wall-street-soars-to-record-highs-nvidia-becomes-worlds-most-valuable-company-this-week-in-markets">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Trump's Canada Trade Flip, Oil Market Shock And Nvidia's Rise To The Top: This Week In Economy

The past week has been a whirlwind of political and economic developments. President Donald Trump&#8217;s approval ratings took a hit following an attack on Iran, while he hinted at potential changes to the July tariff deadline. The Supreme Court handed Trump a significant victory, limiting judges&#8217; power to block presidential directives. Meanwhile, Senate Minority Leader Chuck Schumer criticized the GOP&#8217;s budget reconciliation bill, and Trump&#8217;s defense budget signaled a strategic shift towards advanced missile systems and unmanned warfare capabilities.
Trump&#8217;s Approval Ratings Drop After Iran Attack
President Donald Trump&#8217;s approval ratings have dipped in the wake of an attack on Iran, as revealed by a recent Morning Consult poll. The president&#8217;s approval among voters has been negatively impacted on several key campaign issues.
<a href="https://www.benzinga.com/news/politics/25/06/46129934/trump-approval-ratings-drop-after-attack-on-iran-tie-for-worst-since-second-term-started">Read the full article here.</a>
Trump Hints at Flexibility on July Tariff Deadline
President Trump has suggested that the early July deadline for reinstating significant U.S. tariffs on various countries may not be set in stone. &#8220;We can do whatever we want,&#8221; he told reporters at the White House.
<a href="https://www.benzinga.com/news/politics/25/06/46156587/trump-says-july-tariff-deadline-not-set-in-stone-we-can-do-whatever-we-want">Read the full article here.</a>
See Also: <a href="https://benzinga.com/news/politics/25/06/46133937/boeing-787-dreamliner-crash-india-shuts-door-on-un-aviation-expert-probing-plane-accident" target="_blank" rel="noreferrer noopener">Boeing 787 Dreamliner Crash: India Shuts Door On UN Aviation Expert Probing Plane Accident</a>
Supreme Court Limits Judges&#8217; Power to Block Presidential Directives
The Supreme Court has made a ruling that alters how birthright citizenship policies can be challenged in court. The decision restricts judges' ability to block President Trump's policies across the nation.
<a href="https://www.benzinga.com/news/politics/25/06/46156417/supreme-court-hands-trump-a-monumental-victory-as-it-limits-judges-power-to-block-presidents-birthright-citizenship-order">Read the full article here.</a>
Schumer Criticizes GOP&#8217;s Budget Reconciliation Bill
Senate Minority Leader Chuck Schumer launched a scathing attack on the Republican Party's budget reconciliation bill, calling it "flawed" and "irredeemable." He criticized the bill for its extensive cutbacks on welfare and tax breaks for the wealthy.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46132709/chuck-schumer-slams-gops-big-beautiful-bill-as-flawed-it-guts-healthcare-kills-jobs-to-fund-tax-breaks-for-billionaires">Read the full article here.</a>
Trump&#8217;s Defense Budget Shifts Focus to Missiles, Drones
President Trump&#8217;s fiscal 2026 defense budget request indicates a strategic pivot towards advanced missile systems and unmanned warfare capabilities while reducing traditional fighter jet procurement.
<a href="https://www.benzinga.com/markets/equities/25/06/46111024/trumps-defense-budget-shifts-focus-to-missiles-drones-f-35-orders-cut-by-31">Read the full article here.</a>
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<li><a href="https://benzinga.com/news/politics/25/06/46135230/trumps-5-million-gold-card-draws-global-elite-but-lawyers-warn-many-high-net-worth-individuals-will" target="_blank" rel="noreferrer noopener">Trump&#8217;s $5 Million &#8216;Gold Card&#8217; Draws Global Elite, But Lawyers Warn &#8216;Many High-Net-Worth Individuals Will Not Apply&#8217; Without Tax Clarity</a></li>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

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