Corebridge Financial (NYSE:CRBG) Bolsa

Corebridge Financial

Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other. The majority of its revenue derives from the Individual Retirement segment.

Corebridge Financial Inc

TikTok&#8216;s U.S. public policy chief, Michael Beckerman, is leaving his Washington-based role to transition to a global advisory position.
The departure comes as President Donald Trump recently <a href="https://benzinga.com/25/04/44655624/trumps-tariff-hike-pushes-back-tiktok-us-deal-as-china-opposes-the-sale-extending-the-deadline-for-bytedances-divestment">extended the deadline for ByteDance&#8216;s sale</a> of TikTok&#8217;s U.S. assets by 75 days, The Information <a href="https://www.theinformation.com/articles/tiktok-policy-chief-fought-ban-leave-job">reported</a> on Wednesday, citing a staff memo.
ByteDance did not immediately respond to <a href="http://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Meanwhile, competition to acquire TikTok&#8217;s international operations intensifies, with AppLovin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APP#NYSE">APP</a>) confirming a preliminary bid in an exchange filing. Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and a group led by OnlyFans founder Tim Stokely are <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44645102/applovin-wants-tiktok-but-can-it-beat-amazon-and-onlyfans-to-the-punch">reportedly exploring potential bids</a>.
Beijing&#8217;s resistance complicates the sale, which affects over 170 million American users. The White House has taken an active role in negotiations, with Vice President JD Vance expressing optimism that terms will be <a href="https://www.benzinga.com/news/global/25/02/43604572/jd-vance-quarterbacking-tiktok-deal-will-his-venture-capital-experience-secure-a-win?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcolqTZ7-yIiJzNATDviEo&amp;_gl=1&#x2A;uzxmwu&#x2A;_gcl_au&#x2A;MTUxNzE3MzM4LjE3Mzc1OTI3Mzc.&#x2A;_ga&#x2A;R1MxLjIuMTczNTg4MjcyMS4xLjEuMTczNTg4Mjg5Ny42MC4wLjA.&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NDg2NDM0Mi4xLjAuMTc0NDg2NDU5MC4wLjAuMA..">finalized by the deadline</a> that was set on April 5.
This forced divestiture occurs amid broader tech industry scrutiny, as Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) simultaneously fights a Federal Trade Commission antitrust case seeking divestiture of Instagram and WhatsApp. Prosecutors allege Meta employed an illegal &#8220;buy or bury&#8221; <a href="https://www.benzinga.com/25/04/44821791/meta-platforms-used-buy-or-bury-strategy-to-monopolize-social-media-ftc-says">strategy to dominate social networking</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44854372/gold-hits-new-record-highs-as-safe-haven-demand-climbs-2-ways-to-invest#google_vignette">Gold Hits New Record Highs As Safe-Haven Demand Climbs: 2 Ways To Invest</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: XanderSt / Shutterstock.com

Equities

News

Social Media

Global

Markets

AMZN

TikTok's US Policy Chief Steps Down As Bidding War Heats Up After Trump Extends Deadline: Report

Reported Earlier, Advent Technologies Faces Nasdaq Notice For Delayed Form 10-K Filing, Aims For Compliance By April 30

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported quarterly earnings of $2.12 per share which beat the analyst consensus estimate of $1.82 by 16.48 percent. This is a 53.62 percent increase over earnings of $1.38 per share from the same period last year. The company reported quarterly sales of $25.53 billion which beat the analyst consensus estimate of $23.92 billion by 6.71 percent. This is a 35.25 percent increase over sales of $18.87 billion the same period last year.

Earnings

Taiwan Semiconductor Q1 EPS $2.12 Beats $1.82 Estimate, Sales $25.53B Beat $23.92B Estimate

Former Google chief executive Eric&nbsp;Schmidt sketched an aggressive road&nbsp;map for artificial intelligence progress, warning that machines will match — and soon eclipse — elite human talent across most creative and technical fields.
What Happened: Speaking at the AI&nbsp;+&nbsp;Biotechnology Summit, co‑hosted by the Special Competitive Studies Project (SCSP), Schmidt predicted "the vast majority of programmers" will be supplanted within 12&nbsp;months as generative models crank out production‑ready code in any language. Over the same span, he expects AI systems to reach the level of "the tippy‑top of graduate math programs," leveraging formal proof languages such as Lean, to out‑reason human savants.
<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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<h3 class="wp-block-heading">Two Years: Self‑Improving AI</h3>
Schmidt reveals that by 2027, research labs such as OpenAI and Anthropic could see 20% of their research code written autonomously, a feedback loop Schmidt called "recursive self‑improvement." Pairing that capability with advanced reasoning, he said, lays the groundwork for broader disruption of business and government workflows.
See also: <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China</a>
<h3 class="wp-block-heading">Three To Five Years: Artificial General Intelligence</h3>
Schmidt subscribes to what he dubbed the "San&nbsp;Francisco consensus": between 2028 and 2030, a single model will rival the best mathematician, physicist, writer, or artist. That milestone — artificial general intelligence — would put a "smartest human" in every pocket, able to design homes, negotiate contracts, or draft policy with minimal oversight.
<h3 class="wp-block-heading">Six Years: Super‑Intelligence</h3>
Extend the scaling curves, Schmidt argued, and "artificial super‑intelligence" emerges by 2031 — machines smarter than the sum of humanity, operating largely outside human guidance. Realizing that the future will hinge on massive computing power, he cautioned, and society still lacks language, let alone policy, for managing intellect "that's largely free."
Schmidt rejected the notion that everyone will be unemployed, but stressed the window to prepare for AI's cascading impact is closing fast: "The foundation is being locked in. We're not going to stop it."
Why It Matters: Schmidt had <a href="https://www.benzinga.com/markets/25/03/44185833/former-google-ceo-eric-schmidt-warn-of-nuclear-level-risks-in-global-superintelligent-ai-race-what-begins-as-a-push-for-a-superweapon">earlier warned</a> that an unchecked race for super‑intelligence could mirror a nuclear arms sprint. In a March&nbsp;7 white paper with Alexandr&nbsp;Wang and Dan&nbsp;Hendrycks, he urged the U.S. to pursue "Mutual&nbsp;Assured&nbsp;AI&nbsp;Malfunction" safeguards and non‑proliferation pacts to prevent destabilizing, Cold‑War‑style escalation.
xAI founder Elon Musk, meanwhile, strikes a middle course: he <a href="https://www.benzinga.com/news/24/03/37987626/is-superintelligence-safe-elon-musk-backtracks-on-ai-warnings">pegs a 10‑20% chance</a> that super-intelligent AI ends humanity but still expects machines to outthink us by 2029 and create "abundance," abandoning his <a href="https://www.benzinga.com/news/23/12/36070359/larry-page-disliked-elon-musks-love-for-humanity-over-ai-powered-digital-life-forms-and-that-soured">2023 pause proposal</a>. Palantir's Peter Thiel is more <a href="https://www.benzinga.com/startups/24/08/40475377/palantir-co-founder-peter-thiel-says-ai-could-take-15-20-years-to-become-super-dominant-calls-this-t">skeptical</a>, arguing true AGI could take 15‑20 years and calling near‑term super‑dominance a distant "holy grail."
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
Read next: <a href="https://www.benzinga.com/general/entertainment/25/04/44854679/time-100-most-influential-people-includes-elon-musk-mark-zuckerberg-alex-karp-and-more-public-company-ceos">Time 100 Most Influential People Includes Elon Musk, Mark Zuckerberg, Alex Karp And More Public Company CEOs</a>

Tech

Former Google CEO Eric Schmidt Predicts AI Sprint Toward Super Intelligence Could Put 'Smartest Human' In Every Pocket In 6 Years

Former President of NBC Cable (now NBCUniversal Media), Tom Rogers has been bullish on Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) for several years. He says the company&#8217;s 5-year plan to <a href="https://benzinga.com/markets/equities/25/04/44806071/netflix-eyes-1-trillion-market-cap-by-2030-aims-to-double-revenue-and-dominate-global-streaming-report">hit $1 trillion</a> in market capitalization by 2030 is &#8220;very realistic,&#8221; and not &#8220;that hard to get.&#8221;
What Happened: The media executive, who now serves as the Chairman of gaming platform Oorbit, joined CNBC&#8217;s &#8220;Fast Money&#8221; on Wednesday, expressing his thoughts on Netflix&#8217;s recent growth targets and why he feels that they are achievable.
Rogers says, &#8220;it [Netflix] can stay tougher under a downturn than just about any other media stock,&#8221; since only 4% of its revenues come from advertising.
See More: <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China</a>
While Netflix is currently in a defensive position due to its lower exposure to advertising, Rogers says that the company has to do well on advertising over the next 5 years to get to &#8220;the trillion-dollar market cap.&#8221;
&#8220;It&#8217;s not that hard to get there,&#8221; he says, &#8220;you probably have to get to 400 million subscribers,&#8221; which is 100 million more than <a href="https://benzinga.com/general/sports/25/04/44848932/netflix-q1-earnings-preview-no-subscriber-figures-experts-see-shares-as-safer-haven-in-this-tariff-war-environment">they recently announced</a>, or 20 million new subscriptions each year for the next five years.
Netflix is on track to hit 30% EBITDA margins this year, and according to Rogers, pushing that up to 40% within the next four and a half years is &#8220;eminently doable.&#8221; He points to the company's ad business as a key growth lever that&#8217;ll need to ramp up and scale to make that happen, while saying that &#8220;Netflix is a scale player&#8221; and &#8220;scale begets scale.&#8221;
Rogers says this new high-margin revenue stream could help Netflix triple its bottom line and double its top line, which at the stock&#8217;s current multiple &#8220;will get you to a trillion dollars.&#8221;
There is, however, a caveat, Rogers says, &#8220;Netflix&#8217;s engagement has to stay strong,&#8221; as it is the key to the platform&#8217;s pricing power and advertising revenue. He points out that the platform has dropped below 8% of all viewing time in March, losing market share to YouTube, which he expects to be covered during the company&#8217;s upcoming first-quarter earnings.
Why It Matters: According to <a href="https://in.benzinga.com/25/03/44471782/netflix-spotify-can-weather-economic-uncertainty-because-of-subscription-based-models-says-jim-cramer-heres-what-their-charts-are-indicating">a recent analysis</a> by Jim Cramer, subscription businesses like Netflix and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) can weather economic uncertainties significantly better than others.
Other analysts have reiterated this claim, with Oppenheimer &amp; Co.&#8217;s Jason Helfstein calling it the &#8220;cleanest story&#8221; in media, in the case of U.S. or global recession, once again citing the platform&#8217;s less reliance on advertising for revenue, <a href="https://deadline.com/2025/04/netflix-q1-2025-earnings-tariffs-wall-street-media-1236368789/">reported</a> by Deadline.
Price Action: Netflix stock ended down 1.54% on Wednesday ahead of its first quarter earnings release, but is up 5.87% in after-hours trading.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1024x138.png" alt="" class="wp-image-875641" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM.png 1612w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Netflix shows strong momentum across the board in <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga&#8217;s Edge Stock Rankings</a>, only scoring low on &#8216;Value&#8217; at 11.82. For more insights on the company and its peers, consider signing up for Benzinga Edge today.
Photo: marekfromrzeszow / Shutterstock
Read More: <a href="https://www.benzinga.com/markets/25/04/44855903/scott-bessent-warns-of-serious-risk-to-anyone-buying-iran-oil-crude-moves-up-us-futures-and-nikkei-post-modest-gains">Scott Bessent Warns Of &#8216;Serious Risk&#8217; To Anyone Buying Iran Oil — Crude Moves Up, US Futures And Nikkei Post Modest Gains</a>

Entertainment

NFLX

SPOT

Netflix's $1 Trillion Goal 'Very Realistic', Says Former Cable Executive: 'It's Not That Hard To Get There'

Net proceeds from the Offering will be used by the Company for marketing and business expansion, continued research and development of our core technologies, business development overseas, talent acquisition and training, as well as for general working capital and corporate purposes.

IPOs

EDHL

Reported Earlier, Everbright Digital Holding Limited Prices $6M Initial Public Offering, Offering 1.5M Ordinary Shares At $4.00 Each

MESO

Reported Earlier, Mesoblast Extends Ryoncil Coverage To Over 100M Lives In The U.S., Including Medicaid And Commercial Payers

ADXN

Addex Therapeutics Regains Full Development Rights To ADX71149 Following Janssen Termination, Explores New Therapeutic Indications

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Unemployment Rate For March 4.1% Vs. 4.2% Est.; 4.0% (Revised) Prior

Reported Earlier, Australia Full Employment Change For March 15.0K Vs. -43.9K (Revised) Prior

Reported Earlier, Australia Employment Change For March 32.2K Vs. 39.8K Est.; -57.5K (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Trade Balance For March 544.1B Vs. 485.3B Est.; 590.5B (Revised) Prior

Reported Earlier, Japan Exports (YoY) For March 3.9% Vs. 4.5% Est.; 11.4% Prior

Reported Earlier, Japan Adjusted Trade Balance -0.23T Vs. -0.25T Est.; 0.19T (Revised) Prior

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) defied the standstill in other large-cap cryptocurrencies on Wednesday following the impressive launch of its exchange-traded fund in Canada.
What happened: The sixth-largest digital asset by market capitalization spiked nearly 3% in the last 24 hours, outgaining higher-valued coins such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>).
Solana's trading volume soared 32.76% to $4.37 billion, making it the fifth-most transacted cryptocurrency in the last 24 hours.
Speculative interest in the coin has also increased, with more than half of Binance traders with an open contract betting on SOL&#8217;s price increase, <a href="https://www.coinglass.com/currencies/SOL">according</a> to Coinglass.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44831018/cathie-wood-declares-financial-services-revolution-after-data-shows-decentralized-finance-surpassing-traditional-banking-system">Cathie Wood Calls It &#8216;Financial Services Revolution&#8217; After Ark Analyst Highlights DeFi&#8217;s Dominance Over Traditional Banking System</a>
Why It Matters: The positive sentiment followed the debut of the 3iQ Solana Staking ETF on the Toronto Stock Exchange, the shares of which closed 3.40% higher at $10.34 on Wednesday.
Backed by Anthony Scaramucci-managed Skybridge Capital, among other notable investors, the ETF exposes investors to the price moves of SOL while also generating passive rewards through staking.
Notably, Ark Invest, the investment firm <a href="https://www.benzinga.com/25/04/44855538/cathie-woods-crypto-shuffle-pours-5-2-million-into-newly-listed-solana-staking-fund-dumps-bitcoin-etf-and-buys-robinhood-dip">led by well-known investor</a> Cathie Wood, purchased 500,000 shares of the ETF.
It's worth remembering that Ark is a known investor in cryptocurrencies, with its focus on the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43200287/cathie-wood-was-asked-if-she-would-buy-trump-coin-heres-what-she-said">&nbsp;&#8220;Big Three,&#8221;</a> namely, Bitcoin, Ethereum, and Solana.
While U.S. regulators <a href="https://www.benzinga.com/25/04/44850735/solana-price-falls-but-holds-key-support-as-canadian-etf-approval-institutional-buying-offer-support">have yet to approve any Solana ETFs</a>, asset managers including VanEck, Bitwise, and Grayscale have filed applications. 
As of this writing, Grayscale operates its Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and Grayscale Ethereum Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#NYSE">ETHE</a>) on Wall Street. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> to check out their latest momentum and growth-related metrics.
Price Action: At the time of writing, Solana traded at $129.81, up 2.89% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency was down 30%.
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44832008/peter-schiff-says-since-trump-was-elected-bitcoin-advocates-took-a-180-turn-on-us-economy-but-critics-say-economist-mistaken">Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken</a></li>
</ul>

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

Cryptocurrency

$BTC

$ETH

$SOL

$XRP

ETHE

GBTC

Solana Breaks Free From Bitcoin, Ethereum Lag After Cathie Wood's Ark Invest Accumulates New SOL Staking ETF

On Wednesday, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) responded to a national security investigation, defending its compliance with U.S. export rules following the escalated restrictions on AI chip sales to China.
What Happened: In a statement issued on Wednesday, the company addressed a House Select Committee's inquiry into the sale of its H20 processors, which recently became <a href="https://www.benzinga.com/25/04/44835247/nvidias-reported-failure-to-inform-chinese-clients-on-new-chip-restrictions-could-give-huawei-a-strategic-edge">subject to new export restrictions</a>, <a href="https://www.cnbc.com/2025/04/16/nvidia-follows-export-laws-to-the-letter-after-china-chip-sales-end.html">reported</a> CNBC.
&#8220;The U.S. government instructs American businesses on what they can sell and where — we follow the government's directions to the letter,&#8221; an Nvidia representative stated.
This statement came a day after the company warned it <a href="https://www.benzinga.com/25/04/44830406/nvidia-to-take-55-billion-hit-over-china-chip-export-restrictions-but-top-analyst-dan-ives-says-hes-not-overly-concerned-all-part-of-the-high-game-of-poker">could face a $5.5 billion financial hit</a> due to the canceled H20 chip orders, which the government has now classified as requiring a license for export to China.
Nvidia's H20 chips were previously legal for export to China under the Joe Biden administration's rules, but are now under stricter restrictions.
See Also: <a href="https://www.benzinga.com/25/04/44855693/intel-stock-down-nearly-47-in-the-past-year-reportedly-joins-nvidia-in-facing-export-hurdles-to-china-as-us-implements-new-ai-chip-licensing-requirements">Intel Shares Have Dropped 47% In The Past Year, Now Chipmaker Faces China AI Chip Curbs Just Like Nvidia Amid Trade Tensions</a>
Why It's Important: Some of Nvidia's processors were reportedly used by China's DeepSeek to develop the R1 model.
On Wednesday, the company highlighted its contributions to the U.S. economy, including tax payments, domestic workforce, and leadership in technological innovation.
Nvidia also argued that its exports play a role in reducing the U.S. trade deficit — a point it raised in response to President Donald Trump's justification for implementing new tariffs.
On the same day, Bank of America analyst Vivek Arya stated that although the new restrictions on H20 chip exports to China are unfavorable, they were mostly expected and represent only a "manageable risk" to Nvidia's revenue projections.
The firm reaffirmed its positive outlook on Nvidia, <a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">keeping a Buy rating</a> and a price target of $160, suggesting a potential 42.6% increase from Tuesday's closing price of $112.20.
Price Action: Nvidia's stock declined 7.06% on Wednesday, extending a broader slide that has resulted in a year-to-date drop of approximately 24.45%. Over the past 12 months, however, the stock has gained 19.53%, based on <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Nvidia currently boasts a growth score of 94.79%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> other leading chipmakers.
Photo Courtesy: Evolf on Shutterstock.com
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

General

NVDA

Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China

Fartcoin continued to outpace legacy meme coins like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu, registering rallies that defied market trends.
What happened: The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based cryptocurrency spiked over 4% to become the most successful meme coin in the last 24 hours.
In fact, Fartcoin was the most purchased token by smart money investors, as highlighted by the on-chain tracking platform Stalkchain.
The humorously named cryptocurrency has emerged as the<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44821838/fartcoin-continues-to-run-rings-around-dogecoin-shiba-inu-rallies-57-in-7-days"> king of meme coins</a>, rising 194% in a month marked by <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44804881/bitcoin-ethereum-steady-dogecoin-falls-even-as-trumps-tariff-reprieve-boosts-stocks-analyst-says-82024-btc-level-worth-watching-closely">tariff-induced fear</a> and market decline. Just for context, meme giants such as Dogecoin and Shiba Inu fell by more than 7% within the same period.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/FARTCOIN?src=hash&amp;ref_src=twsrc%5Etfw">#FARTCOIN</a> <a href="https://twitter.com/FartCoinOfSOL?ref_src=twsrc%5Etfw">@FartCoinOfSOL</a> is the most bought token by smart money in the last 24 hours <a href="https://t.co/zMX8wkuCZ2">pic.twitter.com/zMX8wkuCZ2</a>
&mdash; Stalkchain (@StalkHQ) <a href="https://twitter.com/StalkHQ/status/1912642164019912778?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Popcat, the cat-themed meme coin, came in second, with a 1.33% gain over the previous day, while Shiba Inu rose 1.01% to bag the third spot.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10:15 p.m. ET)</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+4.14%</td>
<td>$0.8799</td>
</tr>
<tr>
<td>Popcat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>)</td>
<td>+1.33%</td>
<td>$0.2396</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>+1.01%</td>
<td>$0.00001184</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44831018/cathie-wood-declares-financial-services-revolution-after-data-shows-decentralized-finance-surpassing-traditional-banking-system">Cathie Wood Calls It &#8216;Financial Services Revolution&#8217; After Ark Analyst Highlights DeFi&#8217;s Dominance Over Traditional Banking System</a>
On the other hand, Dogecoin, the world&#8217;s largest meme coin by market value, exhibited sideways movement in the last 24 hours.
The broader meme coin sector also drifted horizontally, registering a market capitalization gain of 0.13%.
The cryptocurrency market <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44855681/bitcoin-ethereum-dogecoin-steady-amid-stock-meltdown-as-fed-chair-jerome-powell-signals-crypto-rules-relaxation-popular-analyst-identifies-key-support-level-for-eth">held up well Wednesday</a>, even as equities witnessed sharp sell-offs following tariff-fueled inflation concerns raised by Federal Reserve Chair Jerome Powell.
Photo Courtesy: Akif CUBUK on Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44832008/peter-schiff-says-since-trump-was-elected-bitcoin-advocates-took-a-180-turn-on-us-economy-but-critics-say-economist-mistaken">Peter Schiff Says Since Trump Was Elected Bitcoin Advocates Took A 180 Turn On US Economy, But Critics Say Economist Mistaken</a></li>
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Fartcoin Gets The Better Of Dogecoin, Shiba Inu Again, Becomes Most Bought Token By 'Smart Money'

The stock market experienced significant declines on Wednesday as Federal Reserve Chair Jerome Powell <a href="https://www.benzinga.com/government/regulations/25/04/44850992/stocks-sink-as-powell-dismisses-fed-put-safety-net-gold-extends-massive-lead-over-nasdaq">addressed economic concerns</a>. The S&amp;P 500 fell 2.2% to 5,275.70 points, while the Nasdaq dropped 3% to 16,307.16. The Dow Jones Industrial Average fell 1.7% to 39,669.39. The tech sector faced substantial losses, with semiconductor companies particularly affected by new export restrictions.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)
Palantir shares decreased by 5.78%, closing at $92.71. The stock reached an intraday high of $97.30 and a low of $89.62, with a 52-week range between $125.41 and $20.33. The decline came as Powell&#8217;s remarks on tariffs and economic slowdown concerns <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44852162/whats-going-on-with-palantir-shares-wednesday">weighed</a> on the tech sector. 
Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>)
Hertz shares soared by 56.44%, closing at $5.71, with an intraday high of $5.77 and a low of $4.06. The stock&#8217;s 52-week range is $6.65 to $2.47. The surge followed&nbsp;<a href="https://www.benzinga.com/25/04/44838080/hertz-global-stock-soars-after-pershing-square-hops-in-passenger-seat-whats-going-on">Pershing Square&#8217;s significant stake</a>&nbsp;in the company, as revealed in an amended 13F filing.
Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)
Netflix saw a 1.50% decline, closing at $961.63. The stock hit an intraday high of $981.21 and a low of $949.17, with a 52-week range of $1,064.50 to $542.01. Investors are eyeing Netflix&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/general/sports/25/04/44848932/netflix-q1-earnings-preview-no-subscriber-figures-experts-see-shares-as-safer-haven-in-this-tariff-war-environment">earnings report</a>&nbsp;for guidance amid the tariff war environment.
Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>)
Prologis shares rose by 1.84%, closing at $100.29. The stock reached an intraday high of $101.91 and a low of $97.98, with a 52-week range of $132.57 to $85.35. The increase followed the company&#8217;s <a href="https://www.benzinga.com/news/earnings/25/04/44837972/prologis-beats-q1-ffo-estimate-same-store-noi-up-6-2-y-y-more">strong first-quarter earnings</a> report, which exceeded expectations. Prologis president Dan Letter said that the company signed leases totaling 58 million square feet and expanded capacity to support growing demand for data centers.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares fell by 4.94%, closing at $241.55. The stock&#8217;s intraday high was $251.97, with a low of $233.89, and a 52-week range of $488.54 to $138.80. Investors are eagerly awaiting Tesla&#8217;s upcoming <a href="https://www.benzinga.com/25/04/44845458/tesla-top-10-shareholder-questions-investors-want-answers-on-fsd-cybercab-tariffs-brand-damage-and-more">shareholder meeting</a> for updates on key issues. Shareholders will demand answers on self-driving, Cybercab, tariffs and brand damage.
Benzinga Edge Stock Rankings for Netflix indicate Momentum at 95th percentile and Growth at 69th percentile. How does rival Disney fare? Find out by <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">clicking here now</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="799" height="98" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16232323/Screenshot-2025-04-17-at-12.22.55.png" alt="" class="wp-image-875553" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16232323/Screenshot-2025-04-17-at-12.22.55.png 799w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16232323/Screenshot-2025-04-17-at-12.22.55-300x37.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/16232323/Screenshot-2025-04-17-at-12.22.55-768x94.png 768w" sizes="(max-width: 799px) 100vw, 799px" /></a></figure>
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
Photo Courtesy: chayanuphol on Shutterstock.com
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<li><a href="https://benzinga.com/markets/equities/25/04/44838457/how-to-trade-spy-and-top-tech-stocks-ahead-of-powells-speech" target="_blank" rel="noreferrer noopener">How To Trade SPY And Top Tech Stocks Ahead Of Powell&#8217;s Speech</a></li>
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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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

PLTR

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Top 5 Trending Stocks: Palantir, Hertz, Netflix, Prologis, Tesla

China declared on Thursday that it would ignore the United States&#8217; &#8220;tariff numbers game,&#8221; responding to White House claims that Chinese goods face tariffs of <a href="https://www.benzinga.com/markets/commodities/25/04/44833903/gold-surges-above-3300-to-record-high-as-us-china-trade-war-escalates-with-245-tariff">up to 245% due to retaliatory actions</a>.
What Happened: The escalation follows President Donald Trump&#8216;s recent imposition of additional tariffs globally, which were rolled back for dozens of countries but maintained for China, according to a report by Reuters.
According to a White House fact sheet released Tuesday, China&#8217;s total duties include a 125% reciprocal tariff, a 20% tariff addressing the fentanyl crisis, and tariffs <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">between 7.5% and 100% on specific goods</a>.
Why It Matters: In response, Beijing increased its levies on U.S. imports and filed a new World Trade Organization complaint last week, alleging rule violations by Washington. China has not sought negotiations, maintaining that talks can only proceed based on &#8220;mutual respect and equality.&#8221;
China also unexpectedly replaced trade negotiator Wang Shouwen with Li Chenggang, its WTO envoy. The Trump administration has indicated openness to a trade deal but insists China must make the first move, stating that China needs &#8220;our money.&#8221;
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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: Tomas Ragina on Shutterstock.com

China Dismisses Trump's Tariff 'Numbers Game,' Files WTO Complaint: Talks Can Only Proceed Based On 'Mutual Respect'

U.S. stock futures posted modest gains on Wednesday night, recovering from a steep decline in the afternoon session following Federal Reserve chair Jerome Powell&#8217;s latest comments on the market, tariffs, and inflation.
The S&amp;P 500 Futures are up 0.51% at 5,333, the Nasdaq Futures&nbsp;trade at 18,500, up 0.63%, and the&nbsp;Dow Jones&nbsp;is&nbsp;at 40,023, up 0.43%. This comes amid all three indices ending down in the spot market on Wednesday, by 2.24%, 3.07%, and 1.73%, respectively.
See More: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44854372/gold-hits-new-record-highs-as-safe-haven-demand-climbs-2-ways-to-invest">Gold Hits New Record Highs As Safe-Haven Demand Climbs: 2 Ways To Invest</a>
Japan&#8217;s benchmark Nikkei 225 opened up 0.27% on Thursday morning, led once again by tech and export-linked stocks.
The U.S. Dollar Index is up 0.13% at the time of writing, after having slid by 0.70% following Fed Chair Jerome Powell&#8217;s <a href="https://www.benzinga.com/government/regulations/25/04/44850992/stocks-sink-as-powell-dismisses-fed-put-safety-net-gold-extends-massive-lead-over-nasdaq">comments on the tariffs</a>, stating that it can lead to &#8220;higher inflation and slower growth&#8221; at the Economic Club of Chicago.
Oil prices witnessed a late rally on Wednesday, with Brent Crude Oil up 0.49%, now trading at $66.17 per barrel, and the U.S. West Texas Intermediate up by 0.67%. This comes after the U.S. Treasury Department decided to sanction a &#8220;teapot&#8221; refinery in China, Shandong Shengxing Chemical Co., for purchasing close to a billion dollars worth of crude oil from Iran, according to a report by Reuters.
With Washington restarting negotiations with Tehran on its nuclear program, the move is aimed at applying additional pressure. U.S. Treasury Secretary Scott Bessent said, &#8220;Any refinery, company, or broker that chooses to purchase Iranian oil or facilitate Iran's oil trade places itself at serious risk&#8221; in a press release by the department.
Concerns of a tighter supply in the global markets led to a rally in the commodity, which has been reeling under pressure throughout this month owing to tariffs and growing recessionary concerns, <a href="https://tradingeconomics.com/commodity/crude-oil%20">according</a> to TradingEconomics.
Besides this, the markets will be closely watching the earnings results of UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), and American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) on Thursday.
Photo Courtesy: tadamichi on Shutterstock.com
Read More: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44854262/chipwrecked-nvidias-export-ban-triggers-etf-meltdown-and-one-big-winner">Chipwrecked: Nvidia&#8217;s Export Ban Triggers ETF Meltdown (And One Big Winner)</a>

Scott Bessent Warns Of 'Serious Risk' To Anyone Buying Iran Oil — Crude Moves Up, US Futures And Nikkei Post Modest Gains

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Polly Klane to Join Corebridge Financial as General Counsel

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Corebridge Financial Schedules Announcement of Fourth Quarter and Full Year 2024 Financial Results

Corebridge Financial Launches New Digital Experience for Retirement Plan Participants

Corebridge Financial Announces Fourth Quarter and Full Year 2024 Results

Corebridge Financial Schedules Announcement of First Quarter 2025 Financial Results

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