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DevvStream

DevvStream Corp is a technology-based ESG company that advances the development and monetization of environmental assets, with an initial focus on carbon markets. It works with governments and corporations to achieve its sustainability goals through the implementation of curated green technology projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, and sequester carbon directly from the air.

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Las acciones de Everus Construction Group suben un 14,7 % tras superar expectativas de ganancias y ventas en el primer trimestre.

Acciones de Everus Construction (ECG) se disparan un 15%; Aquí están 20 acciones que se mueven en premercado

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Las acciones de Sable Offshore suben un 12,6 % en la preapertura tras publicar resultados del primer trimestre.

Las acciones de Sable Offshore (SOC) suben un 13%; Aquí están 20 acciones que se mueven en premercado

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Las acciones de Five Below se disparan tras superar expectativas. Conoce otros grandes movimientos bursátiles en el premercado de EE.UU.

Las acciones de Five Below (FIVE) suben un 12%; Aquí están 20 acciones que se mueven en premercado

DevvStream Corp

The week was a whirlwind for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a slew of developments that kept the tech giant in the headlines. From a surprisingly strong quarter to tariff concerns, AI acquisitions, and a potential takeover of the Apple Card program, there was no shortage of news.
Apple&#8217;s Unexpectedly Strong Quarter
Despite tariff concerns, Apple reported a better-than-anticipated quarter, with third-quarter results exceeding estimates. The strength of products and services was a highlight for the tech giant.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46800037/apple-stock-reports-surprisingly-strong-quarter-analysts-say-iphone-services-offset-tariff-concerns">Read the full article here.</a>
Bracing for Tariff Impact
Apple warned investors of a potential $1.1 billion hit from tariff-related costs during its fiscal fourth quarter, even as iPhone production shifts to India.
<a href="https://www.benzinga.com/markets/earnings/25/08/46784137/apple-braces-for-1-1-billion-tariff-hit-in-q4-even-as-iphone-production-shifts-to-india-tim-cook-says-we-will-do-more-in-the-united-states">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/08/46805962/trump-russia-medvedev-nuclear-submarines-vix-index-wall-street" target="_blank" rel="noreferrer noopener">Trump Issues Nuclear Threat To Russia–And Wall Street&#8217;s Fear Gauge Goes Vertical</a>
Open to AI Acquisitions
Amid mounting pressure to keep pace with rivals like Google, Meta, and Microsoft, Apple CEO Tim Cook stated that the company is very open to artificial intelligence acquisitions.
<a href="https://www.benzinga.com/markets/tech/25/07/46781140/tim-cook-says-apple-is-very-open-to-ai-acquisitions-amid-mounting-pressure-to-catch-up-with-google-meta-and-microsoft">Read the full article here.</a>
Emphasizing AI&#8217;s Importance
In a rare all-hands meeting at Apple&#8217;s Cupertino headquarters, Cook underscored the significance of artificial intelligence, likening it to the internet and smartphone revolutions.
<a href="https://www.benzinga.com/markets/tech/25/08/46813893/tim-cook-says-apple-must-do-this-as-he-compares-ai-to-internet-smartphone-revolutions">Read the full article here.</a>
JPMorgan to Take Over Apple Card?
Reports suggest that JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is in advanced talks to take over Apple&#8217;s credit card partnership from Goldman Sachs Group Inc.
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46695768/jpmorgan-in-advanced-talks-to-take-over-apple-card-program-report">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/tech/25/08/46786806/byd-xpeng-lead-chinese-ev-surge-in-europe-as-market-share-hits-10-6-despite-tariffs-report" target="_blank" rel="noreferrer noopener">BYD, Xpeng Lead Chinese EV Surge In Europe As Market Share Hits 10.6% Despite Tariffs: Report &#8211; Benzinga</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesteohart / Shutterstock.com

Tech

AAPL

Apple's Surprising Quarter, Tariff Concerns, AI Acquisitions And More: This Week In Appleverse

Despite strong quarterly earnings from major tech firms, Wall Street ended the week lower as investor focus shifted to<a target="_blank" href="https://www.benzinga.com/markets/equities/25/08/46809585/fed-interest-rates-trump-powell-jobs-data-wall-street" rel="noreferrer noopener"> mounting macroeconomic risks.</a>
The Federal Reserve held interest rates steady in July, resisting pressure from President Trump, but the decision drew rare dissent and now faces scrutiny amid signs of a <a target="_blank" href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market" rel="noreferrer noopener">weakening labor market.</a>
July&#8217;s job growth fell sharply short of expectations, and downward revisions to May and June figures erased a combined 258,000 jobs. Inflation also surprised to the upside, with the PCE price index rising to 2.6% and core inflation holding at 2.8% —<a target="_blank" href="https://www.benzinga.com/markets/economic-data/25/07/46755543/inflation-pce-june-tariffs-trump-powell-interest-rates" rel="noreferrer noopener"> both above Fed targets.</a>
Though second-quarter GDP rose 3% due to a plunge in imports, concerns over rising tariffs and economic<a target="_blank" href="https://www.benzinga.com/markets/economic-data/25/07/46726864/powell-fed-interest-rates-q2-gdp-growth-trump" rel="noreferrer noopener"> fragility overshadowed the data. </a>The Fed&#8217;s stance may now be tested as markets weigh slowing job growth against persistent inflation.
Earnings
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal&nbsp;third-quarter&nbsp;revenue of&nbsp;$94 billion, beating analyst<a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46800037/apple-stock-reports-surprisingly-strong-quarter-analysts-say-iphone-services-offset-tariff-concerns" rel="noreferrer noopener">&nbsp;estimates of&nbsp;$89.04 billion.</a>
The iPhone maker reported&nbsp;third-quarter&nbsp;earnings of&nbsp;$1.57&nbsp;per share, beating analyst estimates of&nbsp;$1.42&nbsp;per share.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reported fourth-quarter revenue of $76.44 billion, up 17% year-over-year. The revenue total beat a Street <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46738585/microsoft-q4-earnings-highlights-double-beat-ceo-says-cloud-and-ai-is-the-driving-force" rel="noreferrer noopener">consensus estimate of $73.80 billion.</a>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) reported second-quarter revenue of $47.52 billion, beating&nbsp;analyst estimates of $44.58 billion.
Also Read: <a href="https://www.benzinga.com/markets/earnings/25/08/46815600/berkshire-hathaway-warns-of-adverse-consequences-on-most-if-not-all-operating-businesses-as-q2-results-reflect-mounting-global-pressures" target="_blank" rel="noreferrer noopener">Berkshire Hathaway Warns of &#8216;Adverse Consequences on Most, If Not All, Operating Businesses&#8217; as Q2 Results Reflect Mounting Global Pressures</a>
The company reported second-quarter earnings of $7.14 per share, <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46739277/meta-beats-q2-earnings-estimates-issues-strong-guidance-shares-surge-to-new-highs" rel="noreferrer noopener">beating estimates of $5.79 per share.</a>
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) reported second-quarter net sales of $167.7 billion, <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46774978/amazon-q2-earnings-highlights-double-beat-ai-progress-across-the-board-continues" rel="noreferrer noopener">up 13% year-over-year</a>.
The net sales total beat a Street consensus estimate of $161.9 billion.
Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) posted a second-quarter adjusted loss of $1.24 per share, missing analyst <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46689269/boeing-commercial-airplane-revenue-recovers-backlog-grows-to-619-billion" rel="noreferrer noopener">expectations of&nbsp;a 94-cent loss.</a>
Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) reported third-quarter net revenue of $10.17 billion, up 14% year-over-year. The revenue total beat a <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46705658/visa-q3-earnings-highlights-double-beat-ceo-says-consumer-spending-remains-resilient" rel="noreferrer noopener">Street consensus estimate of $9.82 billion.</a>
Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reported second-quarter 2025&nbsp;earnings of $7.1 billion, or $1.64 per share, <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/08/46795989/exxon-mobil-hits-record-production-ceo-reaffirms-hunt-for-value-driven-deals" rel="noreferrer noopener">exceeding analyst estimates of $1.47.</a>
Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) reported second-quarter&nbsp;adjusted earnings of $1.77 per share, down from $2.55 a year ago <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/08/46790713/chevron-achieves-record-production-sees-future-growth-after-hess-deal" rel="noreferrer noopener">but above the consensus estimate of $1.76.</a>
Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) reported&nbsp;fiscal second-quarter&nbsp;net revenues of $8.13 billion, up 17% year-over-year and 16% Y/Y on a neutral currency basis,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46760053/mastercard-stock-jumps-after-strong-q2-travel-spending-digital-services-fuel-revenue-beat-and-raised-outlook" rel="noreferrer noopener">analyst consensus estimate of&nbsp;$7.95 billion.</a>
Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) reported&nbsp;fourth-quarter&nbsp;adjusted earnings per share of $1.48, beating the analyst<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46695727/procter-gamble-warns-800m-rise-in-tariff-costs-picks-new-ceo" rel="noreferrer noopener"> consensus estimate of $1.42.</a>
Technology:
Apple has warned investors that it expects to incur a $1.1 billion hit from the tariff-related costs <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/08/46784137/apple-braces-for-1-1-billion-tariff-hit-in-q4-even-as-iphone-production-shifts-to-india-tim-cook-says-we-will-do-more-in-the-united-states" rel="noreferrer noopener">during its fiscal fourth quarter.</a>
Intel Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)&nbsp;new CEO,&nbsp;Lip-Bu Tan, is overhauling the chipmaker&#8217;s manufacturing operations,&nbsp;cutting thousands of jobs, delaying projects and witnessing the retirement of key executives <a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46785059/intel-exec-exodus-as-ceo-lip-bu-tan-slashes-workforce-delays-ohio-chip-plant-in-major-shake-up-report" rel="noreferrer noopener">as part of a sweeping reset.</a>
Microsoft is paying distinguished engineers up to $2.4 million annually, according to leaked internal compensation documents, revealing the software giant&#8217;s escalating investment in top-tier technical talent amid Silicon Valley&#8217;s<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46750344/microsoft-is-paying-up-to-2-4-million-for-top-tech-talent-leaked-docs-show-amid-ai-talent-arms-race" rel="noreferrer noopener">&nbsp;heated artificial intelligence hiring war.</a>
Anthropic CEO&nbsp;Dario Amodei has vehemently denied allegations made by&nbsp;NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang that he is attempting <a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46793154/anthropic-ceo-slams-nvidias-jensen-huang-claim-as-outrageous-lie-says-hes-not-trying-to-control-ai" rel="noreferrer noopener">to dominate the AI industry</a>.
Artificial Intelligence
Over $500 million in fresh funding has flowed into AI startups across various specializations, from healthcare to construction tech, while strategic acquisitions signal <a target="_blank" href="https://www.benzinga.com/opinion/25/08/46795007/over-500-million-pours-into-ai-startups-while-acquisition-activity-accelerates" rel="noreferrer noopener">ongoing consolidation in the space.</a>
Microsoft&#8217;s&nbsp;co-founder&nbsp;Bill Gates&nbsp;warned that artificial intelligence is advancing at a pace that &#8220;surprises&#8221; even him, creating uncertainty about when AI might<a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46815191/bill-gates-warns-ai-progress-surprises-even-him-unclear-when-it-will-replace-human-work" rel="noreferrer noopener"> replace human workers across industries.</a>
OpenAI Chairman&nbsp;Bret Taylor recently voiced his support for computer science degrees, emphasizing their significance in fostering &#8220;systems thinking,&#8221; a crucial<a target="_blank" href="https://www.benzinga.com/news/events/25/08/46813837/openai-chairman-bret-taylor-believes-this-degree-is-still-crucial-in-the-ai-era-its-extremely-valuable" rel="noreferrer noopener"> skill even in the era of AI coding.</a>
Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)&nbsp;CEO&nbsp;Steve Huffman&nbsp;believes the future of artificial intelligence relies fundamentally on human input—not machine invention. During Reddit&#8217;s&nbsp;second-quarter earnings&nbsp;call on Thursday, Huffman said that AI technologies are built on the foundation of real human <a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46783436/reddit-ceo-steve-huffman-says-ai-learns-from-us-doesnt-invent-knowledge-cant-have-artificial-intelligence-without-actual-intelligence" rel="noreferrer noopener">conversation and community insights.</a>
Automobiles:
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;has launched its ride-hailing operations in the San Francisco Bay Area, a month after officially <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46747282/teslas-robotaxi-is-now-live-in-the-san-francisco-bay-area-serves-a-larger-area-compared-to-waymo" rel="noreferrer noopener">introducing its robotaxi in Austin, Texas.</a>
Tesla has reportedly stopped taking new orders for the Model S and the Model X in Europe amid<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46748662/tesla-stops-taking-orders-for-model-x-model-s-in-europe-as-sales-decline-report" rel="noreferrer noopener"> poor sales figures in the region.</a>
NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) released its July 2025 delivery figures, reporting a&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46789417/xpeng-nio-li-auto-zeekr-post-big-july-delivery-gains-yet-stocks-remain-under-pressure" rel="noreferrer noopener">total of 21,017 vehicles</a>.
This total comprised 12,675 vehicles from its premium smart EV brand NIO, 5,976 from its family-oriented ONVO brand, and 2,366 from its small high-end EV brand FIREFLY.
ZEEKR Intelligent Technology Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>), a subsidiary of Geely, announced that its combined Zeekr and&nbsp;Lynk &amp; Co brands delivered 44,193 vehicles in July 2025, marking a&nbsp;19.7% increase&nbsp;from the prior year.
Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)&nbsp;has begun shipping adapters for its customers, which will let <a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46783407/lucid-is-now-shipping-adapters-that-let-customers-access-elon-musk-led-teslas-supercharger-network" rel="noreferrer noopener">them access&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46783407/lucid-is-now-shipping-adapters-that-let-customers-access-elon-musk-led-teslas-supercharger-network" rel="noreferrer noopener">Tesla&#8217;s</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/08/46783407/lucid-is-now-shipping-adapters-that-let-customers-access-elon-musk-led-teslas-supercharger-network" rel="noreferrer noopener">&nbsp;Supercharging stations.</a>
Harley-Davidson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>)&nbsp;announced it will release an entry-level motorcycle priced at $6000 during the company&#8217;s <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46750947/harley-davidson-confirms-entry-level-6000-sprint-motorcycle-to-launch-in-2026-targeting-new-riders" rel="noreferrer noopener">second-quarter earnings call.</a>
Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) revealed the official launch of its new six-seat battery electric vehicle (BEV) family SUV, the Li i8.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/market-summary/25/08/46815332/benzinga-bulls-and-bears-celestica-carvana-novo-nordisk-and-fed-holds-rates-despite-trump-pressure" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Celestica, Carvana, Novo Nordisk — And Fed Holds Rates Despite Trump Pressure</a></li>
</ul>

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Consumer Tech News (July 28–August 1): Earnings From Apple, Microsoft, and Amazon Offset by Fed Jitters, Tariff Woes

<a href="https://www.opec.org/pr-detail/572-03-august-2025.html" title="https://www.opec.org/pr-detail/572-03-august-2025.html">https://www.opec.org/pr-detail/572-03-august-2025.html</a>

Commodities

OPEC+ Said Eight Members To Raise Oil Output In September By 547,000 B/D Vs August 2025 Required Production Level; Next Meeting Is September 7

Apple co-founder Steve Jobs insisted that the secret to turning a good idea into a great one isn&#8217;t money or energy but the willingness to strive for it.
What Happened: In May 1984, <a href="https://book.stevejobsarchive.com/">speaking</a> to Time reporter Michael Moritz in his Apple office, Jobs said excellence "doesn't take any more energy — and rarely does it take more money — to make it really great. All it takes is a little more time… and a willingness to persevere until it's really great."
He prefaced the remark with humility, "Things get more refined as you make mistakes… Your aesthetics get better as you make mistakes." The lesson, he argued, is that greatness comes from one more revision when others are ready to ship.
Jobs lived by the rule. Biographer Walter Isaacson recalled the co-founder <a href="https://www.benzinga.com/general/24/04/38403093/steve-jobs-spent-hour-after-hour-on-product-design-he-cared-about-god-being-in-the-details-says-walt">spending "hour after hour"</a> polishing components no customer would see, convinced by the belief that God is in the details.
Such was his obsession with his sense of perfection that he <a href="https://www.benzinga.com/general/24/02/37163807/steve-jobs-once-called-google-on-a-sunday-to-complain-about-logos-appearance-on-his-iphone-im-not-ha">once rang Google on a Sunday</a> to complain that the yellow in one "o" of its iPhone icon was off-hue. Even Apple packaging went through hundreds of prototypes, so unboxing felt wonderful, reflecting his belief in the power of "<a href="https://www.readtrung.com/p/psychology-of-apple-packaging">impute</a>."
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46159877/steve-jobs-once-spent-two-weeks-choosing-a-washing-machine-for-his-palo-alto-home-and-he-got-more-thrill-out-of-it-than-any-piece-of-high-tech-in-ages">Steve Jobs Once Spent Two Weeks Choosing A Washing Machine For His Palo Alto Home And He Got More &#8216;Thrill&#8217; Out Of It Than Any Piece Of High Tech In Ages</a>
According to an op-ed <a href="https://edition.cnn.com/2011/10/05/opinion/garfield-steve-jobs-fonts/index.html">penned</a> by Simon Garfield for CNN in 2011, the fixation traced back to calligraphy classes that later gave the Macintosh its graceful fonts. After Apple forced him out in 1985, Jobs applied the same persistence at NeXT and Pixar, an experience that fueled Apple's renaissance when he returned in 1997.
Why It Matters: Colleagues likened <a href="https://www.benzinga.com/markets/tech/25/06/46047458/steve-jobs-believed-teamwork-required-bumping-up-each-other-like-old-ugly-rocks-heres-what-he-meant">brainstorming with Jobs</a> to stones tumbling in a rock polisher. Loud, abrasive, but brilliant when the grit cleared. Even on vacation, he pivoted from whale-watching to sketching product ideas, unable to shut off the quest for better, states a Wired <a href="https://www.wired.com/2011/10/column-jobs-obsession-whales/">article</a>.
That bar still looms over Cupertino. When critics blasted this year's "Liquid Glass" iOS redesign, <a href="https://www.benzinga.com/markets/tech/25/06/45852236/steve-jobs-would-have-fired-everyone-apples-liquid-glass-in-ios-26-gets-roasted-online-dan-ives-calls-wwdc-2025-a-yawner">one X user declared</a> Jobs "would have fired everyone," a nod to the willingness he demanded from every engineer.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/management/25/07/46708882/shaq-buys-a-family-of-11-a-new-mercedes-van-then-takes-them-to-dinner-and-tips-the-waitress-1000-why-im-into-making-people-happy">Shaq Buys A Family Of 11 A New Mercedes Van, Then Takes Them To Dinner And Tips The Waitress $1,000 — Why? &#8216;I&#8217;m Into Making People Happy&#8217;</a></li>
</ul>
Photo courtesy: Kemarrravv13/ Shutterstock

Steve Jobs Once Said Making Something Great Doesn't Require 'More Energy' Or 'More Money,' But Does Require This One Skill In Abundance

The past week has been a whirlwind of economic events, with President&nbsp;Donald Trump&nbsp;making headlines for his bold claims and controversial decisions. From touting a new trade agreement with the EU to launching a new round of tariffs, Trump&#8217;s actions have stirred up both support and criticism.
Meanwhile, the U.S. labor market has shown signs of cracking, adding fuel to the ongoing debate about the country&#8217;s economic health. Here&#8217;s a recap of the top stories from the past week.
Trump&#8217;s EU Trade Deal: A Big Win or Just Hot Air?
President Trump has been celebrating a new trade agreement with the EU, calling it &#8220;the biggest deal ever reached in any capacity.&#8221; However, critics are questioning the substance of this deal, with Ed Elson, co-host of the Prof G Markets podcast, suggesting that the agreement is merely a framework and subject to change.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46711597/trump-calls-it-the-biggest-deal-ever-but-critics-are-pointing-out-nothings-been-sig">Read the full article here.</a>
Cracks In The Labor Market: A Threat To The Fed?
The U.S. labor market has shown signs of strain, with the July jobs report revealing a sharp hiring slowdown, a rise in unemployment, and significant downward revisions to past data. This reality check on Trump&#8217;s tariff-driven economic uncertainty has sparked concerns among investors and the White House.
<a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/large-cap/25/07/46766944/stock-market-outlook-sp500-august-seasonality-magnificent-seven" target="_blank" rel="noreferrer noopener">Stock Market Outlook: July's Highs Mask A Dangerous August Twist</a>
Economists Rally Behind Trump&#8217;s Call For Lower Interest Rates
Following a weak July jobs report and the largest downward 2-month revisions since 2020, economists and markets are aligning with President Trump&#8217;s call for lower interest rates. This shift comes just two days after Fed Chair Jerome Powell refused to pre-commit to a September rate cut.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46798768/july-jobs-report-interest-rates-odds-trump-powell">Read the full article here.</a>
Optimism For US-China Trade Deal Amid New Tariffs
Despite launching a new round of tariffs affecting dozens of countries, U.S. Treasury Secretary Scott Bessent expressed optimism about reaching a trade agreement with China. Bessent&#8217;s comments came after this week&#8217;s trade talks in Stockholm, which he believes have made meaningful progress toward a U.S.-China deal.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46813834/scott-bessent-says-china-talks-optimistic-as-trump-slaps-tariffs-on-dozens-of-countries-we-have-the-makings-of-a-deal">Read the full article here.</a>
Trump Launches New Round Of Tariffs Amid Global Tensions
President Trump has imposed new tariffs on 69 countries, escalating global trade tensions and raising concerns over fentanyl, national security, and China. The new U.S. import duties range from 10% to 41%, with one of the most severe penalties aimed at Canada.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Economics

Trump's Trade Deals, Tariffs, The Tumbling Labor Market And More: This Week In Economy

The first weekend of August 2025 has been a whirlwind for Wall Street, marked by a series of unsettling events. From President Donald Trump&#8217;s threats of nuclear action against Russia to a weak U.S. jobs report and new sweeping tariffs, investors have had their nerves tested.
Trump&#8217;s Nuclear Threats Rattle Wall Street
The weekend kicked off with President Trump issuing a nuclear threat against Russia, causing a spike in the fear gauge. This, coupled with new tariffs and a disappointing jobs report, has set the stage for a volatile month on Wall Street.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46805962/trump-russia-medvedev-nuclear-submarines-vix-index-wall-street">Read the full article here.</a>
Trump Fires Bureau of Labor Statistics Chief
In the wake of a weak jobs report, President Trump ordered the termination of Bureau of Labor Statistics Commissioner Erika McEntarfer. Trump accused McEntarfer of manipulating employment data for political purposes, without providing any evidence.
<a href="https://www.benzinga.com/news/politics/25/08/46813901/trump-fires-bureau-of-labor-statistics-chief-erika-mcentarfer-after-weak-jobs-report-directed-my-team-to-fire-this-biden-political-appointee">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/08/46813128/kevin-oleary-defends-trumps-tariffs-as-markets-shrug-off-hikes-im-an-investor-i-dont-listen-to-all-" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Defends Trump&#8217;s Tariffs As Markets Shrug Off Hikes: &#8216;I&#8217;m An Investor. I Don&#8217;t Listen To All The Noise&#8217;</a>
Federal Reserve Governor Resigns
Adriana Kugler, a Federal Reserve governor, announced her resignation effective August 8. This unexpected departure could complicate the succession process for Fed leadership, especially given the tense relations with President Trump.
<a href="https://www.benzinga.com/news/politics/25/08/46813822/federal-reserve-governor-adriana-kugler-resigns-handing-trump-a-key-vacancy-ahead-of-powells-term-end">Read the full article here.</a>
Trump&#8217;s Trade Deal Deadline Looms
Despite recent trade deals with the European Union, Japan, Vietnam, and Indonesia, President Trump has yet to secure agreements with over 85% of the world&#8217;s population. With a &#8220;hard deadline&#8221; of August 1 for countries to sign a trade deal or face tariffs, the global trade landscape remains uncertain.
<a href="https://www.benzinga.com/news/politics/25/07/46716020/trump-is-yet-to-sign-a-trade-deal-with-over-85-of-humanity-here-are-the-major-countries-that-are-yet-to-sign">Read the full article here.</a>
Trump Issues Ultimatum to Pharma Giants
President Trump has given 17 major pharmaceutical companies, including AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) and Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), a 60-day ultimatum to lower drug prices in the U.S. or face severe consequences.
<a href="https://www.benzinga.com/news/health-care/25/08/46783827/trump-issues-60-day-ultimatum-to-us-pharma-giants-to-slash-drug-prices-if-you-refuse-to-step-up-we-will">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

Politics

ABBV

AMGN

Nuclear Threats, Trump Fires Labor Statistics Chief, Fed Governor Resigns And More: This Week In Politics

This "grey divorce" trend has far-reaching implications, including impacts on retirement plans, a new <a href="https://www.allianzlife.com/about/newsroom/2025-Press-Releases/Gray-Divorce-Trend-Threatens-Retirement-Security">survey</a> by Allianz Life Insurance Company finds.&nbsp;
Divorce rates among middle-aged and older Americans are on the rise, according to a 2022 academic study. The study, published in "<a href="https://academic.oup.com/psychsocgerontology/article/77/9/1710/6564346">The Journals of Gerontology</a>," found that between 1970 and 2019, the "grey divorce" rate more than doubled among those 50 and up, from five divorcing persons per 1,000 to ten divorcing persons per 1,000.
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According to Allianz, 56% of married Americans say that a divorce would derail their retirement strategy. Millennials, in particular, are worried about the ways a divorce could impact their savings goals, with 63% saying it would affect their ability to retire. This is compared with 52% of Gen Xers who report that a grey divorce would impact their retirement plans, and just 35% of boomers.
"No one wants to prepare for a divorce," Allianz Life Vice President of Consumer Insights Kelly LaVigne said in the report. "But divorce later in life – especially after retiring – is increasingly common. If you have been planning for retirement as a couple, then splitting up your assets to fund separate retirements can leave you short of achieving your retirement goals."
Among those who have already gone through a divorce, 40% of Americans say it derailed their retirement plans entirely, and 34% say it set them back significantly.&nbsp;
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
"It may sound cold hearted, but it's important to consider how a divorce would affect your financial future," LaVigne says. "Those going through ‘gray divorce' don't have the time to rebuild retirement savings on their own. Trying to fund two separate lives, instead of a joint one, can deplete retirement accounts faster than anticipated. They may need to delay their retirement to accumulate more savings and consider additional risk management strategies to ensure their funds can last their lifetime."
One in three respondents told Allianz that they don't have a financial plan if they were to get divorced. This is creating a lot of worry, especially for millennials and Gen Xers.
There is certainly some basis for that worry. About 54% of Americans say that they'd have substantially more financial responsibility if they were to get divorced than they do currently. How to split bills and financial obligations as a couple has long been a hot-button issue, and one that many people approach differently.
Among already divorced respondents, 41% say they feel more stressed about their financial situation post-divorce, both as it relates to retirement and otherwise, than they did previously.
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Personal Finance

The Impact Of 'Grey Divorce': 40% Of Americans Say Later-In-Life Splits Derailed Their Retirement Plans

Imagine shedding weight while sitting quietly watching TV, even without cutting calories. A pioneering pill called SANA, created by Uruguayan startup Eolo Pharma, could one day make that possible.
Early human data in a<a href="https://eolo-pharma.com/2025/06/17/eolo-pharma-publishes-first-in-human-study-in-nature-metabolism-on-novel-obesity-drug-activating-energy-burning-pathway/"> statement</a> by Eolo Pharma shows it can burn fat even at rest, without appetite suppression or serious side effects. That breakthrough could reshape global <a href="https://www.benzinga.com/news/health-care/25/06/45726872/regeneron-experimental-weight-loss-drug-with-novo-nordisks-wegovy-helps-preserve-lean-mass-in-mid-stage-study">obesity</a> treatment.
<h2 class="wp-block-heading">Biotech Startup Pioneers First-in-Class Therapies to Treat Obesity and Metabolic Disease</h2>
Eolo Pharma is a clinical-stage biotechnology company focused on pioneering therapies for obesity and metabolic diseases. The company says it develops first-in-class small-molecule drugs that activate the body's own energy-burning pathways rather than relying on appetite suppression. Its lead candidate, SANA, is the first compound shown to safely activate creatine-dependent thermogenesis in humans, offering a novel approach to resetting metabolic health.
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Headquartered in Delaware with strong scientific roots in South America, Eolo Pharma is a spin-off of the Institut Pasteur de Montevideo, a non-profit foundation that promotes scientific and technological research. The company says it is backed by more than a decade of research into metabolic disorders and cardiometabolic complications.
Eolo Pharma&#8217;s proprietary library of 60 novel chemical entities includes molecules designed to address high-burden, non-communicable diseases such as obesity, type 2 diabetes, non-alcoholic steatohepatitis, hypertension, amyotrophic lateral sclerosis, and Alzheimer's disease.
Eolo Pharma's leadership team <a href="https://eolo-pharma.com/about/">includes</a> CEO María Pía Garat, a biotech industry leader with a postgraduate degree from Instituto de Empresa Business School; co-founder and Chief Scientific Officer Carlos Escande, a former Mayo Clinic investigator specializing in cardiometabolic disorders; Chief Chemistry Officer Virginia Lopez, a chemist from Uruguay; and Chief Medical Officer Carlos Batthyany, who also serves as head of the Institut Pasteur de Montevideo.
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
<h2 class="wp-block-heading">How SANA Activates Fat Burning Without Appetite Suppression</h2>
SANA is a salicylate‑based nitroalkene compound originally developed to target inflammation, Eolo Pharma says. It was repurposed after researchers discovered it stimulates creatine‑dependent thermogenesis in white and brown fat cells.
Unlike glucagon-like peptide‑1 drugs like <a href="https://www.benzinga.com/general/biotech/25/01/43291098/ozempic-receives-fda-approval-to-treat-kidney-disease">Ozempic</a>, which reduce hunger, SANA boosts energy expenditure in fat tissue by turning on heat‑producing metabolic pathways at cellular level. According to Eolo Pharma, SANA protected lean mass and reduced fat more than standard salicylate or metformin in preclinical models.
"This is the first time a drug has been shown to pharmacologically activate creatine-based thermogenesis, which could lead to a novel therapeutic approach for obesity in humans," Escande said in the statement. "It opens up an entirely new therapeutic pathway for obesity and metabolic disorders."
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
<h2 class="wp-block-heading">Weight Loss, Glucose Benefits, and Safety Signals</h2>
In a randomized, double‑blind, placebo‑controlled Phase 1a/b clinical trial, participants received single ascending doses or multiple ascending doses of SANA for 15 days. The trial included 17 healthy lean volunteers and 24 individuals with obesity.
According to Eolo Pharma, patients receiving SANA experienced a statistically significant reduction in body weight compared to placebo, along with improvements in fasting glucose and insulin resistance as measured by Homeostatic Model Assessment of Insulin Resistance. No serious adverse events occurred, and only mild headaches and soft stools were reported in some subjects.
A Nature Metabolism<a href="https://www.nature.com/articles/s42255-025-01311-z"> study</a> published in June describes SANA as a first‑in‑class small molecule that activates creatine‑dependent thermogenesis in preclinical models and shows safety and early metabolic benefits in a phase 1A/B trial in humans. The authors suggest SANA as a promising therapeutic candidate for obesity, though they note that its efficacy in humans requires further confirmation in larger trials.
Read Next: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
Image: Shutterstock

Meet The Biotech Startup Challenging Ozempic With A Fat-Burning Pill That Lets You Keep Eating

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke.
What Happened: Deitke, a former doctoral student at the University of Washington, initially turned down Meta CEO Mark Zuckerberg&#8216;s offer of around $125 million over four years. 
However, following a meeting with Zuckerberg, Deitke accepted a revised offer of approximately $250 million, with the potential to earn $100 million in the first year alone.
As per the report <a href="https://nypost.com/2025/08/01/business/meta-pays-250m-to-lure-24-year-old-ai-whiz-kid-we-have-reached-the-climax-of-revenge-of-the-nerds/">by </a>New York Post, this high-profile recruitment underscores Meta&#8217;s aggressive strategy in acquiring AI talent. The company has reportedly spent over $1 billion to assemble a team of industry heavyweights, including former Apple AI models team leader, Ruoming Pang. 
Meta&#8217;s capital expenditures are projected to surge to $72 billion in 2025, marking a $30 billion increase from the previous year.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/07/46382291/mark-zuckerberg-poaches-sam-altmans-talent-with-multimillion-dollar-offers-to-build-metas-ai-team">Mark Zuckerberg Poaches Sam Altman&#8217;s Talent With Multimillion-Dollar Offers To Build Meta&#8217;s AI Team</a>
Deitke has gained recognition in the AI research community through his work at Seattle&#8217;s Allen Institute for Artificial Intelligence and his co-founded startup, Vercept. His research on multimodal systems aligns with Meta&#8217;s strategic interests.
Why It Matters: While Meta&#8217;s recruitment of top-tier AI talent could fuel innovation, it has also sparked concerns about increasing economic inequality and the concentration of power in AI development. Critics have lambasted companies like Meta for awarding huge sums to a select few elite researchers while simultaneously laying off thousands of workers.
As Meta continues to invest heavily in AI, the implications of this strategy on the broader tech industry and society at large remain to be seen. 
The recruitment of Deitke and other top AI talents is a clear indication of Meta&#8217;s commitment to AI, but whether this will translate into sustainable success or exacerbate existing inequalities is a question that will unfold in time.
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Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play?

The United States is preparing to eliminate its long-standing &#8220;de minimis&#8221; tariff exemption for low-value imports from every country, effective August 29, in a sweeping move to curb tariff evasion and<a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions" rel="noreferrer noopener"> bolster import oversight.</a>
Starting late August, packages valued at $800 or less—excluding those arriving via international postal services—will no longer qualify for duty-free entry, <a target="_blank" href="https://www.scmp.com/economy/global-economy/article/3320315/trumps-order-end-de-minimis-tariff-break-expands-china-rest-world" rel="noreferrer noopener">reports</a> South China Morning Post.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/politics/25/07/46749812/trump-jamie-dimon-reportedly-meet-after-presidents-fed-visit-ending-years-long-rift-what-changed" rel="noreferrer noopener">Trump, Jamie Dimon Reportedly Meet After President&#8217;s Fed Visit, Ending Years-Long Rift: What Changed?</a>
Instead, these shipments will face full tariffs, as part of an executive order issued by President Donald Trump, aimed at halting patterns of abuse reported in global trade, analysts say.
Platforms like Shein, Temu, Etsy, and eBay, which have built businesses on ultra-cheap shipping to U.S. consumers, are set for disruption.
These businesses must now contend with higher compliance costs and potentially lower margins as new tariffs take effect.
According to U.S. officials, loopholes in the de minimis provision have enabled the smuggling of opioids and underpriced goods that undercut domestic producers.
The acceleration of the exception&#8217;s repeal—originally scheduled for mid-2027 under the One Big Beautiful Bill Act—reflects rising concern over national security and economic fairness.
This action complements earlier steps taken in May to restrict duty-free imports from China and Hong Kong.
One expert observed that eliminating workarounds has pushed firms toward domestic warehousing or alternative export markets.
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US Ends De Minimis Tariff Loophole for All Imports, Disrupting Global E-Commerce

For people trying to get better with money, one <a href="https://www.benzinga.com/personal-finance/25/04/44657313/ramit-sethi-shares-a-valuable-lesson-about-money-that-most-people-miss-few-people-teach-you-how-to-spend-money-meaningfully">mindset shift</a> can make a big difference: stop thinking of purchases in dollars and start thinking of them in hours of your life.
This idea recently gained traction on <a href="https://www.reddit.com/r/DeepThoughts/comments/1m854qz/money_is_hours_of_our_life/">Reddit</a> after a person shared how earning $18 an hour changed the way they look at spending. "When I see something that costs $20 like a candy or some small thing I ask myself: ‘Does this mean I'm giving up an hour of my life for it?'" they wrote. "And that thought stops me every time."
<h2 class="wp-block-heading">From Dollars To Decisions</h2>
That simple shift from thinking &#8220;$20 isn&#8217;t much&#8221; to &#8220;this cost me an hour of my life&#8221; struck a nerve with others. Many said this mindset has helped them stop impulse spending and prioritize what really matters.
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&#8220;Every dollar you save is another minute of freedom you get back,&#8221; one person wrote.
Another added, &#8220;I dropped $40 into a slot machine, pulled the handle and it said: &#8216;You Lose.&#8217; I just poured 2 hours of my life into that machine. This sucks. I never gambled again.&#8221;
Some took it even further, linking money to freedom and control over time. "That's what wealth is, the ability to buy time," one user said. "Money is the closest thing we have to a store of time."
Others pointed out that time doesn't always have to equal money. &#8220;It might mean an hour of my job, which seems like a lot,&#8221; one person noted. But if it makes the rest of their day better, it could be worth it to them.
Trending: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora &amp; MGM—<a href="https://www.benzinga.com/money/rad-intel">Just $0.63 Before NASDAQ Launch</a>
<h2 class="wp-block-heading">Mindful Spending, Not Miserable Budgeting</h2>
While this idea can help people be <a href="https://www.benzinga.com/personal-finance/24/06/39565262/you-may-be-suffering-from-money-dysmorphia-almost-one-third-of-americans-are-and-heres-why">more conscious about money</a>, people warned it shouldn&#8217;t become a joy-killing habit. &#8220;Sometimes it&#8217;s nice to make yourself happy. Just don&#8217;t let that be an excuse for everything,&#8221; one commenter advised.
Some offered a helpful twist: focus on the experience, not just the cost. &#8220;If that candy cost 20 bucks, you better do everything in your power to get the best experience you can for that candy,&#8221; one person wrote. &#8220;Make the experience worth the twenty bucks, NOT the purchase.&#8221;
Some also <a href="https://www.benzinga.com/money/best-personal-finance-books">pointed to the book</a> &#8220;Your Money or Your Life,&#8221; by Vicki Robin and Joe Dominguez, which lays out this exact framework. Several people said it changed their lives.
In the end, many agreed on one thing: seeing purchases as chunks of your life can help you pause, think, and spend more intentionally. It's a simple but powerful way to align your spending with what actually matters to you.
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Image: Shutterstock

Want To Save More And Spend Smarter? Try Seeing Every Purchase As Hours Of Your Life—It Puts Things In Perspective Fast

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) posted a 3.8% decline in second-quarter operating earnings, dragged down by weak insurance underwriting and a hefty $3.8 billion impairment<a href="https://www.benzinga.com/markets/earnings/25/08/46815600/berkshire-hathaway-warns-of-adverse-consequences-on-most-if-not-all-operating-businesses-as-q2-results-reflect-mounting-global-pressures" target="_blank" rel="noreferrer noopener"> tied to its stake in The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>).</a>
However, other parts of Warren Buffett&#8217;s sprawling conglomerate helped cushion the blow.
Insurance underwriting profits fell 12% year-over-year to $1.99 billion, with reinsurance losses offsetting modest gains at GEICO.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/07/46713700/warren-buffetts-berkshire-now-earns-138-every-second-how-decades-old-bets-on-apple-coca-cola-chevron-are-paying-off-big-in-2025" rel="noreferrer noopener">Warren Buffett&#8217;s Berkshire Now Earns $138 Every Second—How Decades-Old Bets On Apple, Coca-Cola, Chevron Are Paying Off Big In 2025</a>
In contrast, BNSF Railway saw a rebound with 19.5% growth year over year to $1.47 billion, logging strong earnings growth on the back of improved freight volumes and better pricing.
However, BNSF&#8217;s outstanding debt was $23.9 billion as of June 30, 2025 an increase of $355 million since December 31.
Berkshire Hathaway Energy delivered steady results with 7.2% growth to $702 million, supported by regulated utilities that provided a buffer amid broader market uncertainty.
Berkshire didn&#8217;t repurchase any of its own shares during the period.
The firm&#8217;s earnings <a target="_blank" href="https://www.berkshirehathaway.com/qtrly/2ndqtr25.pdf" rel="noreferrer noopener">report </a>highlighted that it will not repurchase stock if it reduces consolidated cash, cash equivalents and U.S. Treasury Bills holdings to below $30 billion.
But Berkshire affirmed that it may &#8220;repurchase its shares any time that Warren Buffett, Berkshire&#8217;s Chairman of the Board and Chief Executive Officer, believes that the repurchase price is below Berkshire&#8217;s intrinsic value, conservatively determined.&#8221;
In this regard, The Wall Street Journal <a target="_blank" href="https://www.wsj.com/business/earnings/berkshire-hathaway-q2-earnings-warren-buffett-deeff105" rel="noreferrer noopener">quoted </a>CFRA Research analyst Cathy Seifert, &#8220;Against the backdrop of very mediocre results, the lack of buybacks does not send a particularly confident or inspiring message for investors looking to get back into the stock.&#8221;
An Edward Jones analyst, Kyle Sanders told Reuters, &#8220;Investors are getting antsy and want to seek activity, and nothing is happening. Buffett definitely views the market as overvalued, and will sit back and wait for something to come to him.&#8221;
On the consumer side, Berkshire&#8217;s results were more mixed. Consumer products group revenues declined 5.1% year over year.
Year-to-date revenues declined at Fruit of the Loom (down 11.7%), Garan (down 10.1%) and Jazwares (down 38.5%), primarily attributable to lower volumes, including the impacts of business restructurings and uncertainties arising from international trade policies and tariffs, which produced delays in orders and shipments, particularly in the second quarter.
Service group revenues increased 8.9% in the second quarter, with p pre-tax earnings increasing 15.2%.
Berkshire said that shareholders&#8217; equity at June 30 was $668 billion, an increase of $18.6 billion since December 31, 2024.
Still, the most eye-catching figure remains Berkshire&#8217;s growing cash reserves.
As of June 30, the firm sat on $344.1 billion, just below the March record. With valuations cooling and interest rates still elevated, analysts speculate that Berkshire could target acquisitions across sectors—ranging from mid-sized insurers and industrials to energy infrastructure and even logistics.
&#8220;He probably feels that there&#8217;s less opportunity to allocate their capital at the moment and he&#8217;s talked about being patient,&#8221; Macrae Sykes, a portfolio manager at Gabelli, which owns Berkshire shares <a target="_blank" href="https://www.wsj.com/business/earnings/berkshire-hathaway-q2-earnings-warren-buffett-deeff105" rel="noreferrer noopener">told </a>The Wall Street Journal. &#8220;That&#8217;s a continuation of the last several quarters.&#8221;
As Buffett prepares to step aside at the end of 2025, successor Greg Abel may be poised to put some of that war chest to work, reshaping Berkshire&#8217;s dealmaking legacy in a new era.
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Earnings

Berkshire Buyback Pause Signals Caution Despite $344 Billion Cash Hoard, Rail Gains

Elon Musk, the CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has expressed concerns over potentially losing control of the electric vehicle giant <a href="https://www.benzinga.com/markets/25/04/44657033/elon-musk-loses-11-billion-as-tesla-stock-plummets-in-wake-of-new-trump-tariffs">due to the influence of activist shareholders</a>.
What Happened: Musk, who currently owns a 12.8% stake in Tesla, is apprehensive about being dethroned by shareholders who may not align with his vision for the company&#8217;s future. 
He suggests that a 25% ownership stake would offer him adequate influence, while still leaving room for his possible removal.
Musk&#8217;s fears are rooted in past instances where shareholders voted in favor of a compensation package tied to the company&#8217;s growth targets, only to be overruled by&nbsp;Delaware Chancery Court Judge Kathaleen&nbsp;McCormick. 
Earlier in January in a post on X, he shared that about 25 percent ownership stake&nbsp;would be enough "to be influential, but not so much that I can't be overturned.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am uncomfortable growing Tesla to be a leader in AI &amp; robotics without having ~25% voting control. Enough to be influential, but not so much that I can't be overturned. Unless that is the case, I would prefer to build products outside of Tesla. You don't seem to understand…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1746999488252703098?ref_src=twsrc%5Etfw">January 15, 2024</a></blockquote>
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Musk has the opportunity to acquire an additional 304 million shares, which would boost his voting control by roughly 4% post-tax.
Also Read: <a href="https://www.benzinga.com/personal-finance/management/25/07/46510590/elon-musk-returns-to-intense-work-schedule-back-to-working-7-days-a-week-and-sleeping-in-the-office">Elon Musk Returns To Intense Work Schedule: &#8216;Back To Working 7 Days a Week and Sleeping in the Office&#8217;</a>
In a recent statement on Friday on X, Musk affirmed that he has no personal loans against Tesla stock and reiterated his anxieties about being ousted by &#8220;activist shareholders&#8221;. He expressed optimism that these concerns would be addressed at the forthcoming shareholders&#8217; meeting.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just fyi I don't have personal loans at this time against Tesla stock. Also, the taxes on the options are ~45%, so net gain in voting control is more like 4%. It is worrying in that I don't want to build millions of robots and then potentially be ousted by activists and…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1951025300156092778?ref_src=twsrc%5Etfw">July 31, 2025</a></blockquote>
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There are rumors that Musk may resign if his ownership stake is curtailed, akin to the limitations imposed on his pay package. 
Nonetheless, a majority of shareholders who endorsed Musk&#8217;s pay package continue to support his leadership of Tesla&#8217;s operations.
Why It Matters: Musk&#8217;s concerns highlight the potential power dynamics at play within Tesla&#8217;s shareholder base. His potential loss of control could significantly impact the company&#8217;s strategic direction, given his instrumental role in shaping 
Tesla&#8217;s innovative trajectory. The upcoming shareholders&#8217; meeting will be a critical event, potentially determining the future of Musk&#8217;s leadership at Tesla.
Read Next
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Image: Shutterstock

Elon Musk Warns of Losing Tesla Control, Denies Personal Loans Tied To Shares

Warren Buffett&#8216;s&nbsp;Berkshire Hathaway Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has reported&nbsp;a $3.8 billion impairment on&nbsp;its stake in&nbsp;Kraft Heinz Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), marking a significant setback for the billionaire investor.
What Happened: Berkshire Hathaway has reduced&nbsp;the carrying value of its&nbsp;Kraft Heinz investment to $8.4&nbsp;billion, a significant drop from over&nbsp;$17 billion at the end&nbsp;of 2017. 
This marks&nbsp;a rare disappointment for Buffett,&nbsp;who played a key role in the merger of&nbsp;Kraft and Heinz about a&nbsp;decade ago, reports Bloomberg. 
The&nbsp;stock of the packaged foods&nbsp;giant has plummeted 62% since the merger, while the S&amp;P 500 has surged 202%. 
Berkshire&#8217;s&nbsp;Kraft Heinz stake is now&nbsp;marked at its fair value&nbsp;as of the end of&nbsp;June. The writedown was &#8220;overdue,&#8221; Kyle Sanders, an analyst at&nbsp;Edward Jones, <a href="https://www.bloomberg.com/news/articles/2025-08-02/buffett-s-berkshire-takes-3-8-billion-hit-on-kraft-heinz-stake?srnd=homepage-americas">told </a>the outlet. 
Also Read: <a href="https://www.benzinga.com/markets/earnings/25/08/46815600/berkshire-hathaway-warns-of-adverse-consequences-on-most-if-not-all-operating-businesses-as-q2-results-reflect-mounting-global-pressures">Berkshire Hathaway Warns of &#8216;Adverse Consequences on Most, If Not All, Operating Businesses&#8217; as Q2 Results Reflect Mounting Global Pressures</a>
Kraft Heinz is currently considering&nbsp;a spinoff of part of&nbsp;its business as it grapples&nbsp;with challenges such as inflation and a shift in consumer preference towards healthier alternatives. 
Last month, the company reported&nbsp;a decline in sales that&nbsp;wasn&#8217;t&nbsp;as bad as analysts had&nbsp;predicted, thanks in part to higher prices.
Why It Matters: The recent developments indicate a shift in Berkshire&#8217;s relationship with&nbsp;Kraft Heinz. In May, Kraft&nbsp;Heinz announced that Berkshire gave&nbsp;up seats on the packaged&nbsp;foods company's board.&nbsp;
The writedown, disclosed Saturday in&nbsp;a regulatory filing, was driven&nbsp;in part by the sustained&nbsp;decline in fair value. 
This could potentially signal a strategic move by Berkshire to distance itself from the underperforming packaged foods company.
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Image: Shutterstock

Berkshire Hathaway Faces $3.8 Billion Loss Tied to Kraft Heinz Stake

For many <a href="https://www.benzinga.com/money/how-to-pay-off-debt">drowning in debt</a>, filing for bankruptcy seems like the only escape. But one Redditor insists they escaped tens of thousands in debt with a risky bluff — one that skirted the <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/07/46386533/dave-ramsey-warns-bankruptcy-is-huge-red-flag-that-can-delay-homeownership-by-years">scarlet letter</a> of a formal bankruptcy. <a href="https://www.reddit.com/r/UnethicalLifeProTips/comments/1m8mavu/ulpt_tell_creditors_youre_declaring_bankruptcy/?share_id=5G5kTZvSj2BBCQ1HQspM5&amp;utm_medium=ios_app&amp;utm_name=iossmf&amp;utm_source=share&amp;utm_term=4&amp;sort=qa">Their story</a>, which garnered over 7,000 upvotes in the notorious Unethical Life Pro Tips subreddit, sparked kudos, curiosity and some skepticism.
<h2 class="wp-block-heading">The Play? A Then-Unintentional Bluff</h2>
Years ago, the original poster was buried under credit card debt, with some accounts in default for multiple years. Collection calls were escalating, and lawsuits seemed imminent. Instead of ignoring the calls or folding under pressure, OP paid a bankruptcy attorney an initial retainer — roughly $1,800 — and directed all creditors to them.
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"I'm in the process of declaring bankruptcy and here is the attorney," became their mantra. Almost instantly, the calls stopped. No lawsuits followed. Creditors, assuming OP was on the verge of bankruptcy, seemingly wrote off the debt as a lost cause.
The twist? OP never ended up actually filing. Over time, the debts aged past the statute of limitations, and most were canceled. Five years later, they claimed to have an 800-plus credit score, a mortgage and multiple car loans, all while avoiding the stain of bankruptcy on their record —&nbsp;although it's worth noting that bankruptcy doesn't condemn you to being persona-non-grata with <a href="https://www.benzinga.com/money/best-mortgage-lenders-that-work-with-chapter-7">lenders</a>.
<h2 class="wp-block-heading">Why the Unorthodox Tactic Might Work</h2>
Bankruptcy departments at creditors often pause aggressive collections once an attorney is involved, as pursuing a debtor nearing bankruptcy is often futile. But the poster's success hinged on a critical detail: They actually retained a lawyer, even if only briefly.
Trending: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
"To be clear I did actually retain the bankruptcy attorney," OP said in the comments. "Then I never followed through with whatever else I was supposed to provide and the bankruptcy filing never got done." This distinction may have been enough to deter creditors from escalating.
<h2 class="wp-block-heading">Similar Experiences and Skeptics Weigh In</h2>
Not everyone was convinced. One former Citibank collections employee noted that creditors often verify attorney retention. If they can't confirm it, calls resume and debtors may consequently even face a heightened level of scrutiny.
Another commenter, however, backed OP's story with their own experience: "I didn&#8217;t even retain a lawyer. I simply told every collector that called me that I was &#x2A;going to&#x2A; declare bankruptcy and that I was ‘in the middle' of it," they wrote.
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
<h2 class="wp-block-heading">The Fine Print</h2>
While OP's strategy worked in their case, it's far from foolproof. Creditors may still sue if they suspect bad faith, and lying about bankruptcy could have legal consequences. Plus, unpaid debts can linger on credit reports for years, even if uncollectible.
But whether a loophole or just luck, for OP the gamble paid off: "I avoided tens of thousands in debt with no real repercussions."&nbsp;
Read Next: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
Image: Shutterstock

No Bankruptcy, No Lawyer — Just One Risky Statement That Paused the Collection Calls

U.S. home sellers are pulling their properties off the market as buyers resist high asking prices.
What Happened: According to a report from Realtor.com, 48% surge in nationwide delistings in July compared to the same period last year. For every 100 homes newly listed in the US market in July, 21 were delisted. 
This trend suggests that sellers are clinging&nbsp;to peak-era price expectations and&nbsp;are unwilling to negotiate, said Danielle Hale, chief economist at Realtor.com.
The US housing market is at a pivotal juncture, with potential buyers wrestling with skyrocketing home prices, high mortgage rates, and other escalating costs. 
This has resulted in a lackluster home selling season this year.&nbsp;As a result, sellers are&nbsp;increasingly offering&nbsp;price discounts, and the market&nbsp;is slowly tilting in favor of buyers.
Also Read: <a href="https://www.benzinga.com/markets/25/06/46062859/mystery-seller-behind-105-million-plot-next-to-jeff-bezos-estate-finally-revealed">Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed</a>
&#8220;We are just getting past the peak of the selling season traditionally, and home sales tend to slow through the rest of the year as kids get back to school and families settle in,&#8221; Joel Berner from Realtor.com <a href="https://www.realtor.com/news/trends/summer-sales-home-inventory-housing-weekly-market-update-2025/">said</a>. 
The highest proportion&nbsp;of delistings compared to new&nbsp;listings nationwide was observed in Miami, Florida, at 59, more&nbsp;than double compared to May.&nbsp;Phoenix, Arizona, and Riverside, California, followed with 37 and 30 delistings respectively.
The current situation in the US housing market is a clear indication of the challenges sellers face in a market dominated by high prices and elevated mortgage rates. 
The reluctance of buyers to meet these high asking prices has led to a shift in the market dynamics, with sellers being forced to offer discounts or withdraw their properties from the market. 
This trend, if it continues, could have significant implications for the overall health of the US housing market.
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Image: Shutterstock

Real Estate

American Home Sellers Retreat as Buyers Push Back Against Record Prices

When times feel uncertain — especially during retirement — it can be tempting to lock in a sense of security. For one couple, that meant wondering if they should prepay their rent for the next two to three years using a work bonus. But financial expert <a href="https://www.benzinga.com/news/topics/25/07/46637541/worried-about-job-insecurity-suze-orman-recommends-making-this-smart-career-move-right-now">Suze Orman</a> says this move could cause more problems than it solves.
<h2 class="wp-block-heading">The Question: Is Prepaying Rent a Smart Move?</h2>
On a <a href="https://omny.fm/shows/suze-ormans-women-and-money/ask-kt-suze-anything-how-can-i-get-a-mega-retirement-account">recent episode</a> of the "Women &amp; Money" podcast, Orman and her partner, KT, read a question from a listener named Linda. Linda and her wife, both recently retired at ages 73 and 70, asked whether they should use a recent bonus to pay several years of rent in advance. The couple already had $600,000 in a diversified investment portfolio and hoped to avoid drawing from it until 2028.
Orman's answer? A firm no.
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<h2 class="wp-block-heading">Why Paying Rent in Advance Can Be Risky</h2>
"Rent is the keyword here," KT said quickly after reading the question. Orman agreed — and for what she called "a whole lot of reasons."
One of the biggest concerns is that prepaying rent doesn't give you anything in return — it's not building equity like a mortgage would, and it doesn't improve the value of an asset. It's simply money spent, upfront, for a place you don't own. That can become a problem if your circumstances change.
Orman isn't against renting itself. In fact, she's recommended it in certain situations. But handing over two or three years of rent in advance during retirement raises red flags. Here's why:
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<ul class="wp-block-list">
<li>Life changes happen. Anything could happen to you or your partner over the next few years. If you pay now and plans change — due to health, relocation, or other circumstances — you might not be able to get your money back.</li>
<li>Landlords can change too. "Who is she paying rent to?" Orman asked. "The landlord." Landlords can sell, pass away, or change the terms of a lease. That could complicate things — especially if rent payments were made years in advance.</li>
<li>The money could work harder elsewhere. Instead of locking it away in rent, Orman suggests keeping it in a safe, interest-earning account like a money market fund. That way, it's still accessible if needed and earning something in the meantime.</li>
</ul>
<h2 class="wp-block-heading">A Better Approach for Retirees</h2>
<a href="https://www.benzinga.com/personal-finance/management/25/07/46383766/can-you-guess-what-a-rich-retiree-with-3-million-spends-per-year-its-a-lot-less-than-youd-expect">Retirees</a> looking to delay drawing down investment income may benefit more by keeping bonus funds liquid. Orman pointed out that even in volatile markets, there are ways to grow your money conservatively. "Just put it somewhere safe as your rent money, making money market interest rates," she said. "These markets still have a lot to go."
In short, tying up tens of thousands of dollars in prepaid rent isn't just unnecessary — it could limit your financial flexibility during retirement.
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
<h2 class="wp-block-heading">Bottom Line</h2>
While <a href="https://www.benzinga.com/real-estate/25/07/46383048/gen-z-doomed-to-pay-rent-forever-number-of-first-time-buyers-shrink-as-average-house-tops-422000">paying rent</a> years in advance might seem like a smart way to reduce future stress, Orman says it introduces too many risks. From changes in your own life to uncertainties with landlords, the safer strategy is to keep that money earning interest and available for when you need it.
As Orman put it, "That's such a waste of money — I cannot even tell you."
Read Next: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Image: Shutterstock

'Should We Pay Our Rent 2 To 3 Years In Advance?' Suze Orman Says No For 'A Whole Lot Of Reasons'

In the face of potential penalties threatened by President Donald Trump, India has affirmed its decision to continue buying cheap oil from Russia. This development surfaces amidst ongoing India-U.S. talks concerning a bilateral trade agreement.
What Happened: According to a report, Indian officials have expressed their determination to persist with their oil imports from Russia, despite the looming&nbsp;threat of penalties from President&nbsp;Trump. 
The U.S. President had recently announced a new series of tariffs, incorporating an unspecified penalty on India should it not halt&nbsp;its imports of Russian crude&nbsp;oil.
Two high-ranking Indian officials <a href="https://www.nytimes.com/2025/08/02/world/asia/india-russia-oil-trump-threats.html">told </a>The New York Times on Saturday that there has been no alteration in their policy. One of them stated that the government has not directed oil companies to cut down imports from Russia. The precise nature of the potential penalty from the U.S. is yet to be clarified.
India&#8217;s purchases of Russian oil have seen a significant surge&nbsp;since the war in Ukraine&nbsp;commenced. Russia now supplies over a third of India&#8217;s oil imports, positioning India as&nbsp;the second largest importer of&nbsp;Russian oil after China. 
Also Read: <a href="https://www.benzinga.com/news/politics/25/07/46714946/trump-warns-india-of-25-tariffs-as-trade-talks-stall-ahead-of-august-1-deadline">Trump Warns India Of 25% Tariffs As Trade Talks Stall Ahead Of August 1 Deadline</a>
There is speculation that Trump&#8217;s emphasis on India&#8217;s procurement&nbsp;of Russian oil could be&nbsp;a strategic move in the ongoing trade agreement negotiations between the two countries.
Why It Matters: India&#8217;s decision to continue importing Russian oil despite U.S. threats of penalties underscores the country&#8217;s strategic and economic considerations. With Russia accounting for over a third of India&#8217;s oil imports, the country&#8217;s energy security is closely tied to its relationship with Russia. 
This move also indicates India&#8217;s determination to maintain its foreign policy independence, even in the face of potential economic sanctions.
The ongoing trade agreement negotiations between India and the U.S. add another layer of complexity to the situation. 
If President Trump&#8217;s focus on India&#8217;s purchase of Russian oil is indeed a negotiating tactic, it could potentially impact the outcome of these discussions. However, with India standing firm on its decision, the ball is now in the U.S.&#8217;s court to respond.
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India Stands Firm on Russian Oil Imports Despite Trump's Sanction Threats

OpenAI CEO <a href="https://www.benzinga.com/news/25/05/45600321/sam-altmans-150m-ai-chip-bet-crashes-rain-ai-faces-sale-as-openai-nvidia-and-microsoft-circle-the-wreckage">Sam Altman</a> delivered a striking metaphor during a recent appearance on Theo Von's "This Past Weekend"<a href="https://www.youtube.com/watch?v=aYn8VKW6vXA&amp;ab_channel=TheoVon"> podcast</a>, comparing the creation of advanced artificial intelligence systems to the development of the atomic bomb.
Altman acknowledged that the future of AI is far too complex for anyone to map out with certainty, even as its potential impact rivals the most groundbreaking inventions in history. "I think no one can predict the future. Human society is very complex. This is an amazing new technology. Maybe a less dramatic example than the atomic bomb is when they discovered the transistor a few years later," he said.
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<h2 class="wp-block-heading">OpenAI CEO Draws Chilling Parallel to Manhattan Project</h2>
Altman explained that researchers at OpenAI occasionally feel the same moral weight as scientists who witnessed the first nuclear weapon test in 1945. "There are these moments in the history of science where you have a group of scientists look at their creation and just say, you know, what have we done?" he said on the podcast.
Altman also discussed the growing competition in AI development. "I think there is a race to get somewhere, but people don't agree on where it's to," he said, adding that he does not have a clear finish line for what AI success ultimately means.
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<h2 class="wp-block-heading">Sam Altman Warns Social Media May Be More Harmful Than AI</h2>
Altman said he believes <a href="https://www.benzinga.com/general/social-media/25/04/44824966/sam-altmans-openai-explores-creating-social-media-competitor-to-elon-musks-x">social media</a> poses a greater danger to children than artificial intelligence. He described short‑form video platforms as addictive, saying, "I think this scrolling, the kind of like, you know, short video feed dopamine hit, it feels like it's probably messing with kids' brain development in a super deep way."
While older adults may find it difficult to adapt to an AI‑driven economy, Altman believes younger generations will adjust naturally to new technologies. He argued that historically, children who grow up with new tools always find ways to use them effectively, while older adults may struggle to learn radically different skills.
"If you look at the history of the world here, when there's a new technology, like people that grow up with it, they're always fluent," he said. "They always figure out what to do. They always learn the new kind of jobs. But if you're a 50-year-old and you have to kind of learn to do things in a very different way, that doesn't always work. So, I think the kids are gonna be fine."
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<h2 class="wp-block-heading">Concerns About AI Companions and Unpredictable Outcomes</h2>
Altman also warned about potential downsides of "AI companions" that could replace human relationships. "I don't think we know quite the ways in which it's going to have those negative impacts, but I feel for sure it's gonna have some and… I hope we can learn to mitigate it quickly," he said.
Despite the risks, Altman said predicting the future impact of AI is nearly impossible. He compared the uncertainty to how people in 1900 could not imagine life in 2000, saying the unpredictability is part of what makes innovation both thrilling and unsettling.
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Sam Altman Compares OpenAI To The Manhattan Project—And He's Not Joking About the Risks

Kevin O&#8217;Leary has publicly expressed his disapproval of President Donald Trump&#8216;s decision to fire Erika McTarfer, the Commissioner of the Bureau of Labor Statistics.
What Happened: O&#8217;Leary, who is the chairman of O&#8217;Leary Ventures, voiced his criticism on CNN on Friday. He disagreed with Trump&#8217;s decision to dismiss McTarfer, stating, &#8220;You don't shoot the messenger.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;So tell me why the American economy right now is at its highest value in history? This is not an ad for Trump. I&#39;m an investor. Something&#39;s working here. It&#39;s a policy decision. I&#39;m a policy guy.&quot; Kevin O&#39;Leary pushes back aggressively on CNN&#39;s downplaying of Trump&#39;s economy. <a href="https://t.co/c8duz2SKCx">pic.twitter.com/c8duz2SKCx</a>
&mdash; Thomas Hern (@ThomasMHern) <a href="https://twitter.com/ThomasMHern/status/1951331560264761827?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
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Previously, Trump had baselessly accused McTarfer of &#8220;faking&#8221; the job numbers. 
This accusation came after a July report that indicated&nbsp;the weakest job growth in&nbsp;a month since December 2020, and included significant downward revisions for May and June.
In a <a href="https://truthsocial.com/@realDonaldTrump/posts/114954846612623858">post </a>on Truth Social, Trump slammed McEntarfer stating she altered job reports to favor former Vice President Kamala Harris during the November election and said he'd given his team orders to dismiss the&nbsp;Biden&nbsp;appointee "IMMEDIATELY."
Despite having previously argued that Trump&#8217;s&nbsp;policies had been beneficial to&nbsp;him as an investor, O&#8217;Leary stated that the decision to fire McTarfer &#8220;makes no sense whatsoever.&#8221;
Also Read: <a href="https://www.benzinga.com/news/macro-notification/25/06/46042491/kevin-oleary-highlights-growing-concern-over-401k-contributions-amid-rising-household-debt">Kevin O&#8217;Leary Highlights Growing Concern Over 401(k) Contributions Amid Rising Household Debt</a>
"We had a bad print on jobs. I did not agree on whacking the commissioner. I don't like that. "Whacking statisticians makes no sense whatsoever. You don't shoot the messenger," O'Leary said during the interview. 
"I think the market is a little concerned about major trading partners not getting deals yet. It's not a good idea to have 35 percent tariffs on Canada. We know that that's coming into place at midnight right now unless something magic happens," O'Leary further added. 
Why It Matters: The dismissal of McTarfer by President Trump has sparked controversy and criticism. The Bureau of Labor Statistics plays a crucial role in providing accurate and essential data related to employment and labor market activity. 
The dismissal of its Commissioner, especially under baseless accusations, raises concerns about the integrity and reliability of future data. 
O&#8217;Leary&#8217;s criticism underscores the importance of maintaining credibility and transparency in such crucial institutions. The impact of this decision on investor confidence and market stability remains to be seen.
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<a href="https://www.benzinga.com/news/topics/25/07/46699454/kevin-oleary-says-the-tariff-drama-is-settling-and-the-markets-calming-because-trump-found-the-loophole">Kevin O&#8217;Leary Says The &#8216;Tariff Drama&#8217; Is Settling And The Market&#8217;s Calming Because Trump &#8216;Found The Loophole&#8217;</a>
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Kevin O'Leary Slams Trump for 'Whacking' BLS Chief After Disappointing Jobs Report: 'You Don't Shoot the Messenger'

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