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TORRID HOLDINGS INC

Torrid Holdings

Torrid Holdings Inc is a direct-to-consumer brand of apparel, intimates, and accessories in North America. The company is focused on fit and offers high-quality products across a broad assortment that includes tops, bottoms, denim, dresses, intimates, activewear, footwear, and accessories. The company has one reportable segment, which includes the operation of the e-commerce platform and stores. The company generates revenue from the sale of apparel, intimates, and accessories through its e-commerce platform and its store locations.

Torrid Holdings Inc

Curve DAO Token - United States Dollar

CurveBeam AI Ltd

CURVES HLDGS CO LTD by CURVES HLDGS CO LTD.

Curves Holdings Co Ltd

TEAF announced that as of May 30, 2025 the company's unaudited total assets were approximately $209.2 million and its unaudited net asset value was $177.0 million, or $13.12 per share.
TYG announced that as of May 30, 2025, the company's unaudited total assets were approximately $969.2 million and its unaudited net asset value was $772.2 million, or $44.80 per share.

News

TEAF

Reported Earlier, Tortoise Capital Reports May-End 2025 NAVs Of $44.80 For TYG And $13.12 For TEAF

GNLN

Reported Earlier, Greenlane Retains Nasdaq Listing For Now, Subject To Reverse Split Approval And 10-Day Price Compliance By Mid-July

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) purist Max Keiser said Monday that the apex cryptocurrency has the potential to challenge the dollar&#8217;s place as the world&#8217;s reserve currency, and that U.S. politicians are aware of this.
What Happened: Keiser took to X to share his thoughts on the relationship between Bitcoin and the U.S. dollar. 
&#8220;I don't think U.S. politicians&nbsp;believe Bitcoin can co-exist peacefully&nbsp;alongside the USD without causing&nbsp;major disruptions to the USD&nbsp;as world reserve currency,&#8221; said Keiser, who also serves as El Salvador government&#8217;s senior Bitcoin advisor.
The statement came in response to news of Russia&#8217;s largest bank,&nbsp;Sber,&nbsp;launching a Bitcoin-linked bond product, which is already trading on over-the-counter markets and may soon be listed on the Moscow Exchange. The product exposes investors to Bitcoin&#8217;s dollar value and potential strengthening of the dollar against the Russian ruble.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I don't think US politicians believe Bitcoin can co-exist peacefully alongside the USD without causing major disruptions to the USD as world reserve currency while other countries, like &#x1f1f7;&#x1f1fa;, are beginning to realize how a Global Bitcoin Reserve obviates the need for the USD. <a href="https://t.co/EpPaNUAUUC">https://t.co/EpPaNUAUUC</a>
&mdash; Max Keiser (@maxkeiser) <a href="https://twitter.com/maxkeiser/status/1929703420161605944?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Keiser argued that while the U.S. is hesitant to create such a product, countries like Russia have begun to recognize that a Bitcoin reserve &#8220;obviates the need for the dollar.&#8221;
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump&#8217;s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy</a>
Why It Matters: Keiser&#8217;s comments highlight a growing debate about the potential of Bitcoin to disrupt traditional financial systems. 
Mara Holdings CEO Fred Thiel said in an April interview that countries <a href="https://www.benzinga.com/25/05/45612614/mara-ceo-said-about-a-month-ago-that-nations-have-begun-to-stockpile-bitcoinheres-what-the-numbers-say">were mindful of America&#8217;s attempts</a> to "inflate away the debt" by devaluing the dollar and have begun to look into Bitcoin-related ventures.
Entrepreneur and investor&nbsp;Anthony Pompliano made a similar point, stating that a <a href="https://www.benzinga.com/25/05/45558647/anthony-pompliano-says-dollar-debasement-will-skyrocket-asset-prices-says-it-is-now-clear-there-is-a-near-zero-percent-chance">weaker dollar will keep pushing up the prices of financial assets</a> like Bitcoin.
Notably, President&nbsp;Donald Trump&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45635887/trumps-crypto-advisor-about-us-plans-on-buying-more-bitcoin-it-all-boils-down-to">signed an executive order</a> to&nbsp;<a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise" target="_blank" rel="noreferrer noopener">establish</a>&nbsp;a strategic Bitcoin reserve earlier in March, with a provision to develop budget-neutral strategies for acquiring additional BTC.
Price Action:  At the time of writing, BTC was exchanging hands at $105,195.38, up 0.50% 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>. 
Photo Courtesy: Bukhta Yurii On Shutterstock.com Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738505/peter-schiff-says-it-was-his-economic-teachings-that-made-people-want-to-buy-bitcoin-an-unintended-consequence">Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: &#8216;An Unintended Consequence&#8217;</a></li>
</ul>

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

Cryptocurrency

Markets

$BTC

American Politicians Don't Believe Bitcoin Can 'Co-Exist Peacefully' With The Dollar, Says This Popular BTC Maximalist: Here's Why

RKLB

Reported Earlier, Rocket Lab's Electron Hits 65th Launch With BlackSky's Gen-3 Satellite, Reinforcing Role As Preferred Partner For Real-Time Earth Imaging

SLAB

Silicon Labs And Wirepas Achieve 10M Chip Milestone, Enabling India's Smart Grid And Global Industrial IoT At Scale

Rilzabrutinib granted orphan drug designation in the US for sickle cell disease
<ul>
<li>Fourth orphan drug designation for rilzabrutinib in rare diseases</li>
<li>Under regulatory review in the US, the EU, and China in immune thrombocytopenia</li>
</ul>

Sanofi's Rilzabrutinib Receives Fourth Orphan Drug Designation In The US, Targeting Vaso-Occlusive Crises In Sickle Cell Disease

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recorded a 213% surge in sales in Norway during May, beating the regional trend that sees company sales tumble across Europe.
What Happened: The sales have largely been driven by the company's Model Y, as Tesla sold over 2,346 units, up from 690 units in May, comprising both the old and new versions of the compact all-electric SUV, Reuters reported on Monday.
"Tesla&#8217;s strong performance in Norway points to the way forward for the company: innovate. No car company can rest on its laurels and be guaranteed success.&#8221; An expert cited in the report said.
Why It Matters: The jump in Norwegian sales could provide a much-needed boost to Tesla, which has been experiencing tumbling sales across major <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">markets throughout Europe</a>.
Most recently, sales data showcased the company delivered 721 units in France, a <a href="https://www.benzinga.com/markets/eurozone/25/06/45736798/tesla-sales-hit-3-year-low-in-this-european-nation-despite-musks-claims-of-no-demand-problem">67% decline for Tesla </a>and a three-year low in sales in the country. This comes in as CEO Elon Musk reiterated that the EV giant has no demand problem.
In the U.S., the company has tried several ways to entice customers, including incentives like free FSD transfers, <a href="https://www.benzinga.com/markets/equities/25/04/44755221/tesla-unveils-new-cybertruck-long-range-trim-with-a-362-mile-range-and-reduced-features">cheaper trim levels</a> of its vehicles, as well as a complete <a href="https://www.benzinga.com/markets/25/04/44919745/cybertruck-gets-a-down-to-earth-redesign-as-tesla-shifts-to-traditional-pickup-marketing-amid-poor-sales">shift in marketing strategy</a>. However, the company's sales have still <a href="https://www.benzinga.com/tech/25/04/44857987/tesla-experiences-151-decline-in-new-vehicle-registrations-in-california-report">been lackluster</a>.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="184" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013244/TSLA-JUN-3-2025-1-1024x184.jpg" alt="" class="wp-image-935998" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013244/TSLA-JUN-3-2025-1-1024x184.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013244/TSLA-JUN-3-2025-1-300x54.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013244/TSLA-JUN-3-2025-1-768x138.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013244/TSLA-JUN-3-2025-1-1536x277.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013244/TSLA-JUN-3-2025-1.jpg 1649w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/topics/25/06/45738722/elon-musk-is-teslas-biggest-asset-says-dan-ives-as-he-reiterates-his-2-trillion-market-cap-for-tsla-stock">Elon Musk Is Tesla&#8217;s &#8216;Biggest Asset,&#8217; Says Dan Ives As He Reiterates His $2 Trillion Market Cap For TSLA Stock</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Tech

TSLA

Elon Musk's Tesla Defies European Slump With Norway Sales Growth In May: Model Y Comes To The Rescue

As the S&amp;P 500 index bounced back from its April lows, a technical expert highlights that the indicators point toward a real recovery as the index reversed its short-term downtrend, doubling its uptrend over the course of the recovery.
What Happened: According to a LPL Financial chart showing the balance of the S&amp;P 500&#8217;s uptrends versus downtrends, on April 8, the uptrend accounted for 29.4%, while downtrends stood at 70.2%.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="440" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012213/image002-1-1024x440.png" alt="" class="wp-image-935990" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012213/image002-1-1024x440.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012213/image002-1-300x129.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012213/image002-1-768x330.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012213/image002-1-1536x660.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012213/image002-1.png 1565w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Source: LPL Financial</figcaption></figure>
However, the index quickly recovered by May 29, where the uptrends doubled, standing at 60%, while downtrends accounted for 39%.
Adam Turnquist, the chief technical strategist at LPL Financial, explained that this change was led by the significant technical progress over the last month of May.
&#8220;The index has reversed a short-term downtrend and continues to hold above its recent price gap above the 200-day moving average (dma).&#8221;
He stated that a close above the May highs of 5,969 points should open the door for a retest of the prior high at 6,144 points.
&#8220;There is a growing list of technical evidence that suggests this recovery is real, and not a &#8216;bull trap&#8217; or &#8216;bear market rally.&#8217; For investors, this means dips above support should be used as buying opportunities,&#8221; he added.
This comes after the broader market wrapped up the month of May with a 6.2% gain, marking its best month since November 2023 and its best May since 1990.
Turnquist highlighted that when the index rallies 3% or more in May, historically, a month plagued by "Sell in May and Go Away" sentiment, the year-end returns average at 8.9%, with 73% of periods producing positive returns.
See Also: <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45716143/trump-administration-set-to-ease-big-bank-rules-in-major-rollback-since-2008-crisis-here-are-the-stocks-and-etfs-investors-could-consider">Trump Administration Set To Ease Big Bank Rules In Major Rollback Since 2008 Crisis: Here Are The Stocks And ETFs Investors Could Consider </a>
Why It Matters: The exchange-traded fund tracking the S&amp;P 500 index, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which ended Monday at $592.71, has risen above its 200-day simple daily moving average of $581.94.
It was also above its eight, 50, and 20-day moving averages. Its relative strength index stood in the neutral zone at 62.60, whereas its MACD line of 9.10 was below the signal line of 9.44, which indicates a bearish signal. This suggests that the short-term momentum is weaker than the medium-term momentum.
However, since both the MACD and the signal line are above the zero line, the momentum is bullish, despite the recent bearish crossover.
Additionally, the negative histogram value of -0.34 confirms the bearish crossover and indicates a loss of bullish momentum or the start of bearish momentum.
Thus, the current state suggests that the upward momentum is waning, and there might be downward pressure or consolidation.
However, when considering all the other indicators, the chart largely shows a bullish momentum.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012117/SPY-stock-technical-chart-1024x576.png" alt="" class="wp-image-935989" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012117/SPY-stock-technical-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012117/SPY-stock-technical-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012117/SPY-stock-technical-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012117/SPY-stock-technical-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03012117/SPY-stock-technical-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Price Action: The SPY and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Monday. The SPY was up 0.56% at $592.71, while the QQQ advanced 0.79% to $523.21, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45715677/tom-lee-bets-on-a-new-bull-market-as-trumps-tariff-retreat-fuels-taco-trade-a">Tom Lee Bets On &#8216;A New Bull Market,&#8217; As Trump&#8217;s Tariff Retreat Fuels &#8216;TACO&#8217; Trade Amid &#8216;Run It Hot&#8217; Optimism </a></li>
</ul>
Photo courtesy: Shutterstock

S&P 500 Reverses Short-Term Downtrend After April Lows: Technical Evidence Shows 'Recovery Is Real' And Not A 'Bull Trap' Or 'Bear Market Rally'

On Tuesday, Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) CEO CC Wei said that while <a href="https://www.benzinga.com/markets/25/04/44881525/tsmc-confident-amid-trump-tariff-turmoil-ceo-cc-wei-says-no-change-in-customer-behavior-despite-nvidia-h20-chip-curbs">U.S. tariffs are creating</a> some headwinds, robust demand for AI chips continues to exceed the company's supply capabilities.
What Happened: Speaking at TSMC's annual shareholder meeting in Hsinchu, Taiwan, Wei acknowledged that the tariffs imposed under President Donald Trump's trade policies are having an indirect impact, reported Reuters.
"Tariffs do have some impact on TSMC, but not directly. That's because tariffs are imposed on importers, not exporters," he said, adding that TSMC is an exporter.
"However, tariffs can lead to slightly higher prices and when prices go up, demand may go down."
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44862552/ford-recalls-nearly-150000-vehicles-over-brake-and-powertrain-issues-nhtsa" target="_blank" rel="noreferrer noopener">Ford Recalls Nearly 150,000 Vehicles Over Brake And Powertrain Issues: NHTSA</a>
Despite this, Wei highlighted that demand for AI-related chips remains exceptionally strong. "If demand drops, TSMC&#8217;s business could be affected. But I can assure you that AI demand has always been very strong and it&#8217;s consistently outpacing supply," he stated.
Wei also denied reports that TSMC plans to build chip factories in the UAE and reaffirmed compliance with U.S. and Taiwanese regulations regarding export controls, particularly after halting shipments to China's Sophgo.
Why It's Important: Last month, Taiwan's Minister of Economic Affairs, JW Kuo, stated that the U.S. tariffs are <a href="https://www.benzinga.com/government/regulations/25/05/45508534/taiwan-minister-shrugs-off-us-tariffs-says-taiwan-semiconductor-will-thrive-while-samsung-takes-the-hit">not a concern for Taiwanese manufacturers</a>. He underscored America&#8217;s reliance on Taiwan to strengthen its microchip manufacturing capabilities.
Kuo also predicted that Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is likely to be the most affected by the tariffs, citing the company's limited capacity in advanced semiconductor production.
In April, Trump warned that tariffs of up to <a href="https://www.benzinga.com/markets/equities/25/04/44704930/trump-says-he-warned-tsmc-of-100-tariff-if-it-doesnt-manufacture-in-us-these-chip-companies-are-loaded">100% could be imposed</a> on TSMC if the chipmaker failed to establish manufacturing facilities in the U.S.
Price Action: TSMC shares rose 0.79% on Monday and gained an additional 0.24% in after-hours trading, closing at $195.30. Despite the recent gains, the stock is still down 3.34% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings indicate that TSMC exhibits a positive price trend over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more in-depth metrics here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03013318/Screenshot-2025-06-03-at-10.57.18%E2%80%AFAM.png" alt="" class="wp-image-936001" /></a></figure>
Photo Courtesy: Shutterstock/Jack Hong
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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.

Media

SSNLF

TSMC CEO Admits Trump Tariffs Have 'Some Impact' On Chipmaker But Demand 'Consistently Outpacing' Supply Thanks To AI

Elon Musk&#8216;s artificial intelligence startup xAI is pursuing a $300 million share sale that would value the combined entity at $113 billion. The secondary offering allows existing staff to sell shares to new investors while validating the price tag established during xAI&#8217;s March acquisition of social media platform X.
What Happened: The tender offer represents the latest capital-raising effort for the AI company as competition intensifies in the generative artificial intelligence sector. The secondary sale will likely precede a larger primary funding round where xAI would issue new equity to external investors, the Financial Times <a href="https://www.ft.com/content/703e93f1-28bf-4890-8c9c-141bf81dd206">reported</a>, citing sources.
The March transaction structured <a href="https://www.benzinga.com/tech/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">xAI&#8217;s valuation at $80 billion while pricing X at $33 billion</a>, creating the $113 billion combined enterprise value. Musk originally acquired Twitter for $44 billion in October 2022 before rebranding it as X and integrating it with his AI operations.
X Corp. did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers">Elizabeth Warren Says Trump &#8216;Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Why It Matters: The <a href="https://www.benzinga.com/25/05/45599514/elon-musks-grok-ai-is-quietly-being-deployed-across-us-government-agencies-experts-warn-it-could-breach-privacy-laws-and-create-serious-conflicts-of-interest-report">share sale timing coincides with Musk&#8217;s recent withdrawal</a> from the Department of Government Efficiency role. &#8220;Back to spending 24/7 at work and sleeping in conference/server/factory rooms,&#8221; Musk posted on X, signaling renewed focus on his core business holdings, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX.
The combined entity leverages synergies between xAI&#8217;s Grok chatbot technology and X&#8217;s data distribution network. Recent partnerships include Microsoft&#8217;s cloud integration and Telegram&#8216;s agreement to distribute Grok to one billion users. 
The strategy positions xAI to compete directly with OpenAI and other Big Tech AI rivals while monetizing X&#8217;s <a href="https://www.benzinga.com/25/05/45599514/elon-musks-grok-ai-is-quietly-being-deployed-across-us-government-agencies-experts-warn-it-could-breach-privacy-laws-and-create-serious-conflicts-of-interest-report">user base and data assets</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy">Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump&#8217;s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy</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: JRdes / Shutterstock.com

Elon Musk's xAI Targets $113 Billion Valuation With $300 Million Share Sale: Report

Macro Economic Events

Econ #s

Economics

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan 10-Year JGB Auction 1.512% Vs. 1.274% Prior

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For May 48.3 Vs. 50.7 Est.; 50.4 Prior

Reported Earlier, Australia Current Account For Q1 -14.7B Vs. -12.4B Est.; -12.5B Prior

Reported Earlier, Australia Company Gross Operating Profits (QoQ) For Q1 -0.5% Vs. 1.2% Est.; 6.0% (Revised) Prior

Americans are firing up their stovetops at the "highest levels since early 2020," Campbell's Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) chief executive Mick Beekhuizen told analysts on Monday.
What Happened: Beekhuizen declared in a post-earnings conference call that consumers are "turning to our brands for value, quality, and convenience" and "favoring ingredients that help stretch tighter food budgets."
Sales of condensed soup and broth — pantry staples that anchor low-cost meals — jumped 15% in Campbell's latest quarter, helping overall revenue beat Wall Street estimates even as the snacks division fell 5% on an organic basis.
The wallet shift comes as eating out grows pricier. Government data <a href="https://www.bls.gov/news.release/cpi.nr0.htm">show</a> the food-away-from-home index rose 3.9% in April from a year earlier, while prices for food at home slipped 0.4% on the month, widening the savings gap for households that choose their kitchens over restaurants.
Why It Matters: Fast-food giants are already feeling the heat. McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) CEO Christopher Kempczinski said visits from low-income diners were down "<a href="https://www.benzinga.com/personal-finance/25/05/45336128/a-divided-economy-mcdonalds-ceo-says-rich-keep-dining-out-but-average-income-consumers-feeling-economic-anxiety">nearly double digits</a>" in the first quarter and middle-income consumers fell nearly as much. According to Reuters, Burger King&#8217;s parent, Restaurant Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>), <a href="https://www.benzinga.com/25/05/45292609/burger-king-parent-restaurant-brands-q1-earnings-miss-comparable-sales-drop-and-more">missed sales expectations</a> after noting that customers were steering inflation-hit dollars toward groceries. Chipotle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) cut its sales outlook too, blaming persistent inflation and economic uncertainty that keep guests at home.
See also: <a href="https://www.benzinga.com/news/topics/25/06/45738722/elon-musk-is-teslas-biggest-asset-says-dan-ives-as-he-reiterates-his-2-trillion-market-cap-for-tsla-stock">Elon Musk Is Tesla&#8217;s &#8216;Biggest Asset,&#8217; Says Dan Ives As He Reiterates His $2 Trillion Market Cap For TSLA Stock</a>
Broader metrics also flash caution. The University of Michigan's consumer-sentiment gauge sank to a three-year low in May as households braced for higher prices.
Campbell Soup Company reported <a href="https://www.benzinga.com/markets/large-cap/25/06/45720002/campbells-brews-up-strong-q3-beats-estimates-as-home-cooking-sector-simmers">third-quarter sales</a> of $2.475 billion, up 4% year-over-year and ahead of analyst expectations. Meals &amp; Beverages sales jumped 15%, offsetting an 8% decline in Snacks, while adjusted EPS of $0.73 beat the $0.66 consensus. The company also expanded operating cash flow to $872 million over nine months, delivered $110 million in cost savings, and continues to return capital through dividends and share buybacks.
Price Action: Campbell&#8217;s Co. shares closed 0.62% up at $34.25 on Monday.
Benzinga Edge Stock Rankings show CPB has a Growth score of 25%. Here is how it ranks on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">other metrics</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03011229/cpb-edge-1024x142.png" alt="" class="wp-image-935982" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03011229/cpb-edge-1024x142.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03011229/cpb-edge-300x42.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03011229/cpb-edge-768x106.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03011229/cpb-edge.png 1430w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Rimma Bondarenko on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/06/45738764/garry-tan-says-founders-must-build-with-customers-to-compete-with-giants-like-salesforce-oracle-you-cant-farm-this-out">Garry Tan Says Founders Must Build With Customers To Compete With Giants Like Salesforce, Oracle: &#8216;You Can&#8217;t Farm This Out&#8217;</a>

Equities

Americans Are Cooking At Home More Than Ever Since COVID—And They Want Ingredients That Stretch Their Budget

Influential trader Justin Bennett raised alarm over Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trajectory on Monday as whales increased their short exposure against retail investors.
What Happened:&nbsp;Bennett took to X, drawing attention to a bearish signal for the leading cryptocurrency. 
He highlighted that the whale vs retail delta indicator, sourced from cryptocurrency analytics platform Hyblock, which had been trending sideways or slightly higher, was now trending lower.
&#8220;Translation: Whales are once again increasing their BTC short exposure vs. retail,&#8221; Bennett stated. &#8220;Not a great sign for Bitcoin.&#8221;
<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">Not a great sign for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. The <a href="https://twitter.com/hyblockcapital?ref_src=twsrc%5Etfw">@hyblockcapital</a> whale vs. retail delta was trending sideways to slightly higher, but is back to trending lower again. Translation: Whales are once again increasing their <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> short exposure vs. retail. &#x1f480; <a href="https://t.co/7rdQWFxKHg">https://t.co/7rdQWFxKHg</a> <a href="https://t.co/f5mfE4FE9f">pic.twitter.com/f5mfE4FE9f</a>
&mdash; Justin Bennett (@JustinBennettFX) <a href="https://twitter.com/JustinBennettFX/status/1929616727383458191?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The whale vs retail delta indicator is used to spot large gaps between retail longs and whale longs. This indicator ranges from -100 to 100. Very high (or positive) values indicate that whales are having higher long exposure than retail and vice versa.
A dip could mean that whales are increasing their short exposure. Since they control large amounts of cryptocurrency, whales have a greater power to influence market movements than retail.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45727395/tom-lee-predicts-bitcoin-to-hit-250000-by-end-of-2025-3m-long-term" target="_blank" rel="noreferrer noopener">Tom Lee Predicts Bitcoin To Hit $250,000 By End Of 2025, $3M Long Term</a>
Data from Coinglass <a href="https://www.coinglass.com/TopTrader/Binance">corroborated </a>these findings. About 54% of the whale accounts on Binance were long on the Apex Crypto as of this writing, down from 56% on May 31.
Why It Matters:&nbsp;Bennett&#8217;s remarks come as <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy">Bitcoin took a sharp U-turn</a> after surging past $106,000 overnight Monday. 
U.S.-China trade disputes continued to weigh on market sentiment. China rejected President&nbsp;Donald Trump's<a href="https://www.benzinga.com/news/politics/25/06/45715447/xi-jinpings-china-dismisses-trumps-groundless-accusations-on-geneva-trade-deal-breach-vows-strong-retaliation" target="_blank" rel="noreferrer noopener">&nbsp;allegations of violating the Geneva trade pact</a>.&nbsp;
Interestingly, Bitcoin continued to gain traction among institutional investors, with companies like&nbsp;Strategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Japan-based Metaplanet <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45722106/strategy-and-metaplanet-deepen-bitcoin-exposure-with-over-190-million-in-fresh-buys-amid-105k-market-level">significantly expanding</a> their Bitcoin holdings.
Price Action:  At the time of writing, BTC was exchanging hands at $105,358.42, up 0.26% 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>. 
Photo Courtesy: Antonio Gravante On Shutterstock.com 
Read Next: 
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<li><a href="https://benzinga.com/markets/cryptocurrency/24/12/42716275/crypto-analyst-foresees-dogecoin-price-rebound-as-whales-increase-holdings" target="_blank" rel="noreferrer noopener">Crypto Analyst Foresees Dogecoin Price Rebound As Whales Increase Holdings</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

MSTR

This Isn't A 'Great Sign' For Bitcoin, Says Top Currency Trader: 'Whales Are Once Again....'

On Monday, former OpenAI researcher Andrej Karpathy shared a practical breakdown of ChatGPT's various model versions, helping users understand which one to use based on their specific needs.
What Happened: In a post on X, formerly Twitter, Karpathy said many users remain confused about ChatGPT versions like GPT-4o, GPT-4 and "o3."
"o3 is the obvious best thing for important/hard things. It is a reasoning model that is much stronger than 4o and if you are using ChatGPT professionally and not using o3 you&#8217;re ngmi," he said.
He explained that GPT-4o, <a href="https://www.benzinga.com/news/24/05/38809935/openai-just-dropped-gpt-4o-and-these-10-examples-show-it-could-completely-change-ai-chatbot-game">OpenAI's latest model</a>, is ideal as a "daily driver" for easy-to-moderate tasks. "o4 is only available as mini for now, and is not as good as o3, and I&#8217;m not super sure why it&#8217;s out right now."
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…&#8217;</a>
Karpathy offered a quick reference:
<ul class="wp-block-list">
<li>Use 4o for simple questions (~40% of his use)</li>
<li>Use o3 for complex, high-stakes queries (~40%)</li>
<li>Use GPT-4.1 for casual coding (~10%)</li>
<li>Use the "Deep Research" toggle—powered by o3—for deep dives (~10%)</li>
</ul>
He added that this guidance only applies within ChatGPT, as he also uses Anthropic's Claude, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Gemini, xAI's Grok and Perplexity for other tasks.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<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">An attempt to explain (current) ChatGPT versions. I still run into many, many people who don&#39;t know that: &#8211; o3 is the obvious best thing for important/hard things. It is a reasoning model that is much stronger than 4o and if you are using ChatGPT professionally and not using o3… <a href="https://t.co/1bQz0frqIc">pic.twitter.com/1bQz0frqIc</a>
&mdash; Andrej Karpathy (@karpathy) <a href="https://twitter.com/karpathy/status/1929597620969951434?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: OpenAI is reportedly <a href="https://www.benzinga.com/cannabis/25/06/45714044/amazon-and-google-backed-ai-startup-anthropic-reportedly-hits-3-billion-in-annualized-revenue-wheres-chatgpt-parent-openai-at">expected to generate</a> over $12 billion in total revenue by the end of 2025, up from $3.7 billion in 2024.
While the Sam Altman-led company hasn&#8217;t revealed revenue specifically from its enterprise segment, a Reuters report noted that paying seats for its ChatGPT Enterprise offering rose to 3 million in May, up from 2 million in February.
Photo Courtesy: Primakov On Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

ChatGPT User? Former OpenAI Researcher Andrej Karpathy Breaks Down Which Version Works Best For Each Task

Y Combinator CEO Garry Tan believes startup founders can learn critical lessons from Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) forward-deployed engineers (FDEs) to compete against enterprise software giants.
What Happened: Speaking on the Lightcone Podcast, Tan outlined how the FDE model developed at Palantir, where he served as an employee and co-created the company logo from 2005 to 2007. &#8220;You can&#8217;t farm this out,&#8221; Tan said, emphasizing that founders must directly engage with customers like FDEs do.
The FDE concept emerged from Palantir&#8217;s recognition that Fortune 500 companies and government agencies lacked technical expertise at decision-making levels. Co-founders Peter Thiel, Alex Karp, and Stefan Cohen identified multi-billion-dollar problems in organizations drowning in data without understanding how to extract value.
Tan explained how FDEs sit directly with clients, like FBI agents investigating domestic terrorism, observing their actual workflows. &#8220;What&#8217;s funny is like literally it&#8217;s like Word documents and Excel spreadsheets,&#8221; Tan said, describing how FDEs convert manual processes into clean software solutions.
Traditional enterprise software companies send salespeople who rely on relationships and lengthy sales cycles lasting months or years. Palantir&#8217;s approach places engineers directly with customers using Foundry, their core data visualization platform. &#8220;Instead of the next meeting being reviewing 50 pages of sales documentation, it&#8217;s literally like &#8216;Okay we built it,'&#8221; Tan said.
See Also: <a href="https://www.benzinga.com/markets/large-cap/25/06/45733245/looking-for-summer-seasonal-gains-here-are-10-sp-500-stocks-that-historically-rallied-in-june">Looking For Summer Seasonal Gains? Here Are 10 S&amp;P 500 Stocks That Historically Rallied In June</a>
Why It Matters: This methodology enables rapid feedback cycles within days rather than months, allowing smaller companies to compete against established players like Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>). Y Combinator partner Jared Friedman noted that Palantir FDEs have become successful YC founders, crediting their training.
Palantir recently raised 2025 revenue guidance to $3.89-3.90 billion while projecting adjusted free cash flow between $1.6-1.8 billion. The company&#8217;s market cap currently stands at $310 billion, with analysts projecting potential <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45716400/pharma-bro-martin-shkreli-sees-10-trillion-potential-in-palantir-but-cautions-one-bad-quarter-and-its-down-50">trillion-dollar valuations within three years</a>.
Tan emphasized that beating enterprise giants requires engineers who combine technical skills with empathy and product design capabilities. &#8220;You show them something that they&#8217;ve never seen before and make them feel super heard,&#8221; he said.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="State-Of-The-Art Prompting For AI Agents" width="500" height="281" src="https://www.youtube.com/embed/DL82mGde6wo?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
PLTR stock has surged over 500% in the past year. According to Benzinga Edge Stock Rankings, the stock demonstrates strong growth and momentum but carries a weak valuation rating. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">View the full stock breakdown here</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="884" height="640" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12.png" alt="" class="wp-image-935910" style="width:580px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12.png 884w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234855/image-12-768x556.png 768w" sizes="(max-width: 884px) 100vw, 884px" /></a></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738505/peter-schiff-says-it-was-his-economic-teachings-that-made-people-want-to-buy-bitcoin-an-unintended-consequence">Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: &#8216;An Unintended Consequence&#8217;</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: slyellow / Shutterstock.com

ORCL

PLTR

Garry Tan Says Founders Must Build With Customers To Compete With Giants Like Salesforce, Oracle: 'You Can't Farm This Out'

Wedbush Securities' managing director, Dan Ives, has reiterated his bullish views on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock following CEO Elon Musk&#8217;s exit from the Department of Government Efficiency (DOGE) and the Trump administration.
What Happened: Ives shared that Musk's return to Tesla is crucial for the EV giant's robotics and AI vision, stating that it represents 90% of the company's future value, in an interview with Yahoo Finance <a href="https://finance.yahoo.com/video/tesla-regained-biggest-asset-musk-201926865.html">on</a> Monday.
"The brand damage, I believe, is now contained and most of that is in the rearview mirror with him at the Trump administration," Ives said before adding that the focus is now on rebounding sales in Europe, the U.S. and China.
Ives also predicted that Tesla sales will see a rebound in China in the second half of the year, a "stabilization" in Europe, as well as a rebound in the U.S. sometime in Q3 2025.
Referring to Tesla's surge in value, Ives chalked it up to the CEO's recommitment to Tesla. "Once Musk recommitted to Tesla, days in the White House were done, Tesla got back its biggest asset."
Ives also said that Musk's return coincides with the biggest era in the company's history and <a href="https://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-tablehttps://www.benzinga.com/markets/equities/25/05/45557873/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market-cap-on-the-table">reiterated a $2 trillion market cap</a> for Tesla.
Why It Matters: Ives' comments are in line with the investor's bullish views on Tesla, despite several experts offloading Tesla positions, including <a href="https://www.benzinga.com/tech/25/05/45665076/gary-blacks-future-fund-sells-remaining-tesla-stock-reitrates-310-price-target-tslas-valuation-has-become-disconnected">Future Fund LLC's Gary Black</a>.
The company is proceeding with the <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">June 12 Robotaxi launch</a> in Austin. Musk said that the company had been testing Unsupervised FSD in Austin in the buildup to the robotaxi launch "a month ahead of schedule."
Tesla sales continue to decline across multiple markets worldwide, with data showing that the company's sales <a href="https://www.benzinga.com/markets/eurozone/25/06/45736798/tesla-sales-hit-3-year-low-in-this-european-nation-despite-musks-claims-of-no-demand-problem">fell 67% year-over-year in France</a>, marking a three-year low for the automaker.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="184" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-1024x184.jpg" alt="" class="wp-image-935904" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-1024x184.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-300x54.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-768x138.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025-1536x277.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02234404/TSLA-JUN-3-2025.jpg 1649w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45737979/cathie-wood-sells-tesla-stock-as-chinese-rivals-gain-ground-ark-dumps-palantir-amid-privacy-concerns">Cathie Wood Sells Tesla Stock As Chinese Rivals Gain Ground — Ark Dumps Palantir Amid Privacy Concerns</a></li>
</ul>
Photo courtesy: Shutterstock

Elon Musk Is Tesla's 'Biggest Asset,' Says Dan Ives As He Reiterates His $2 Trillion Market Cap For TSLA Stock

Veteran investor, Arthur Richards Rule IV, better known as Rick Rule, is the latest expert to sound the alarm on the long-term stability of the U.S. Dollar, warning that decades of unchecked federal spending and unfunded liabilities could erode the greenback&#8217;s purchasing power over the next decade.
What Happened: Speaking with Kitco News over the weekend, Rule says that the U.S. Government&#8217;s $30 trillion on-balance-sheet debt is only the beginning. 
He highlights the $100 trillion in unfunded promises, such as Medicare, Social Security, and federal pensions, which takes the total liability burden far higher, and closer to the nation&#8217;s total household net worth at $141 trillion. This only leaves a $11 trillion buffer against household wealth, which he believes is closing quickly.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers">Elizabeth Warren Says Trump &#8216;Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Both categories of liabilities are growing by around $2 trillion per year, Rule says. At that pace, the remaining margin will disappear within five years, raising questions about long-term solvency.
Rule believes that the country, at its current fiscal state, can no longer service its obligations such as social security, Medicare, and pensions, while adding that "the only viable path is to allow the dollar to decline." &#8220;I believe because of this $100 trillion in unfunded entitlement liabilities that the U.S. dollar will lose 75% of its purchasing power over 10 years,&#8221; he says, pointing to the 1970s as precedent, when U.S. inflation wiped out 75% of the dollar's purchasing power in a single decade. The period also saw gold prices rise nearly 30-fold.
Speaking on gold, Rule made a very bullish case for the yellow metal, saying that he doesn&#8217;t own gold because he thinks it can get to $3,500 an ounce, he says, &#8220;I own gold because I'm afraid it's going to $12,000,&#8221; because &#8220;arithmetically, it makes absolute sense.&#8221;
Rule says that &#8220;the system isn't solvent. It's just liquid, for now,&#8221; warning investors relying on traditional portfolios and government bonds will find themselves eroded by this silent inflation. 
&#8220;As purchasing power quietly deteriorates, people will either adapt or pay the price,&#8221; he concludes. &#8220;You can't paper over arithmetic forever.&#8221;
Why It Matters: Other leading market experts have echoed similar concerns regarding U.S. assets, while reaffirming their conviction in gold.
Investor Chamath Palihapitiya recently <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686648/chamath-palihapitiya-says-this-old-fashioned-asset-is-among-safe-trades-if-the-possibility-of-quantum-computing-cracking-bitcoin-is-even-remotely-true">called gold</a> the &#8220;only safe trade&#8221; on news of quantum computers capable of cracking Bitcoin&#8217;s encryption.
Leading hedge funds and financial institutions such as Bridgewater Associates, BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), and the Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) have all made a beeline to <a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45457712/move-over-miners-hedge-funds-are-the-new-gold-diggers-ray-dalio-blackrock-goldman-sachs-others-stake-claims-in-gld">increase their exposure</a> to gold, citing similar concerns of hyper-borrowing by the U.S.
Price Action: The spot price of Gold stands at $3,362.37, up 2.21% on Monday. The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), which tracks the price of gold, is up 26.99% year-to-date.
Photo Courtesy: wedmoments.stock On Shutterstock.com Read More: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738505/peter-schiff-says-it-was-his-economic-teachings-that-made-people-want-to-buy-bitcoin-an-unintended-consequence">Peter Schiff Says It Was His Economic Teachings That Made People Want To Buy Bitcoin: &#8216;An Unintended Consequence&#8217;</a></li>
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