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Skillful Craftsman

Skillful Craftsman Education Technology Ltd provides online education and technology services in China. The services comprises of two aspects - Online vocational training and Virtual simulation experimental training. It covers a wide range of subjects, including mechanics, electronics, auto repair and construction. Majority of its revenues are generated from the People's Republic of China.

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Skillful Craftsman Education Technology Ltd

Elon Musk's AI venture xAI has purchased a 1-million-square-foot property in Southwest Memphis, Tennessee.
What Happened: The new investment builds on xAI's December announcement, where it detailed plans to scale Colossus to house at least one million GPUs in the state.
The Greater Memphis Chamber confirmed on Friday that the project is progressing rapidly, stating that Colossus is "well on the path to the supercluster size" as outlined in xAI's original expansion blueprint.
See Also: <a href="https://in.benzinga.com/25/02/43905475/elon-musks-truth-seeking-grok-ai-silences-trump-and-tesla-ceos-misinformation-claims-then-backtracksxai-blames-former-openai-employee">Elon Musk&#8217;s Grok AI Silences Trump, Tesla CEO&#8217;s Misinformation Claims, Then Backtracks — xAI Blames Former OpenAI Employee</a>
Environmental activists have criticized the expansion due to the high energy consumption of data centers.
However, the Memphis Chamber highlighted that xAI&#8217;s new facility includes an $80 million water recycling plant and the world&#8217;s largest deployment of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Megapacks for <a href="https://www.benzinga.com/news/24/06/39199007/elon-musks-xai-to-take-on-tech-giants-microsoft-google-and-openai-with-planned-memphis-supercomputer">data center operations</a>.
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.
Why It Matters: Colossus is seen as a critical component of Musk's AI strategy, as he seeks to compete with OpenAI and other industry leaders.
Last year in December, <a href="https://www.benzinga.com/tech/24/12/42358400/elon-musks-xai-raises-6b-for-the-2nd-time-this-year-as-it-looks-to-take-the-challenge-to-openai-google-and-jeff-bezos-backed-anthropic">xAI raised $6 billion</a> to expand its Colossus supercomputer, aiming to increase its GPU count from 100,000 to over a million.
Last month, xAI&#8217;s AI chatbot Grok, which is set to be <a href="https://www.benzinga.com/tech/25/01/42867252/xais-grok-chatbot-to-be-integrated-into-tesla-vehicles-soon-says-elon-musk">integrated into Tesla vehicles</a>, has surpassed competitors like ChatGPT and Google&#8217;s Gemini to become the leading <a href="https://in.benzinga.com/tech/25/02/43841642/elon-musks-grok-overtakes-openais-chatgpt-google-gemini-and-chinas-deepseek-as-the-leading-productivity-app-on-apples-app-store">productivity app on the App Store</a>.
This development happened following xAI's <a href="https://in.benzinga.com/tech/25/02/43761023/elon-musks-xai-to-unveil-grok-3-on-monday-as-ai-race-with-chatgpt-parent-openai-and-chinas-deepseek-heats-up">release of Grok 3</a>, which introduced new AI capabilities, including image analysis.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

News

Tech

TSLA

Elon Musk's xAI Acquires 1-Million-Square-Foot Property In Memphis For Supercomputer Expansion

The Justice Department has doubled down on its demand to break up 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, pushing for the sale of Chrome and <a href="https://www.benzinga.com/government/24/08/40475379/alphabets-google-faces-revived-chrome-lawsuit-after-appeals-court-ruling">restrictions on its search</a> business.
What Happened: In a court filing on Friday, the Justice Department reaffirmed its call for Google to divest Chrome and end its exclusive search engine deals with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Mozilla, and smartphone manufacturers.
"Google's illegal conduct has created an economic goliath, one that wreaks havoc over the marketplace to ensure that—no matter what occurs—Google always wins," the filing stated.
See Also: <a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads">Google&#8217;s Chrome Changes Disable uBlock Origin For Even More Users —Can You Still Block Ads?</a>
The push follows a landmark ruling by Judge Amit P. Mehta last year, which found that Google illegally maintained a monopoly by paying billions to remain the default search engine on popular browsers and devices.
Google, which has appealed the ruling, argued that its search dominance is due to superior technology rather than anticompetitive behavior.
Judge Mehta will preside over a two-week hearing in April to determine how Google must comply with the ruling—potentially reshaping the future of Big Tech regulation.
Why It's Important: The Justice Department's decision to stand by its proposal to fundamentally reshape the operations of a $2 trillion company marks one of the first clear indications of how the new administration may approach tech regulation.
The proposed remedies—among the most significant in a tech monopoly case since the DOJ sought to break up Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) in 2000—could offer insight into how President Donald Trump's appointees will handle a series of high-stakes antitrust battles against Silicon Valley's biggest players, <a href="https://www.nytimes.com/2025/03/07/technology/trump-google-search-antitrust.html">reported</a> the New York Times.
The Justice Department has already taken legal action against Google over its dominance in digital advertising, with a ruling still pending.
It has also filed a lawsuit against Apple, arguing that the company's tightly integrated ecosystem makes it difficult for consumers to switch to rival products.
Meanwhile, the Federal Trade Commission is preparing to take Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to trial in April, <a href="https://www.benzinga.com/general/social-media/24/11/42177636/meta-heads-to-trial-over-instagram-whatsapp-acquisitions">alleging that its acquisitions</a> of Instagram and WhatsApp stifled competition.
The agency has also sued Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), accusing the e-commerce giant of <a href="https://www.benzinga.com/markets/equities/24/09/41108210/amazon-secures-partial-victory-over-ftc-in-monopoly-case-trial-split-into-two-by-judge">illegally maintaining its dominance</a> in online retail.
Price Action: At the time of writing, Alphabet's Class A shares edged down 0.086% in after-hours trading to $173.71, while Class C shares slipped 0.023% to $175.71. Earlier, during Friday's regular trading session, Class A shares closed 0.88% higher at $173.86, with Class C shares also gaining 0.88% to reach $175.75, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Legal

Media

AAPL

AMZN

GOOG

GOOGL

MSFT

Google's Monopoly Fight Just Got More Intense: Justice Department Reaffirms Plan To Split Up The Tech Giant In Historic Antitrust Battle

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has confirmed that its highly anticipated Siri upgrade, including AI-powered personalization and contextual awareness, has been delayed and will <a href="https://www.benzinga.com/news/24/07/39665558/apples-most-awaited-siri-ai-upgrade-will-not-come-until-2025-report">roll out later than expected</a>.
What Happened: On Friday, an Apple spokesperson Jacqueline Roy confirmed the delay in a <a href="https://daringfireball.net/2025/03/apple_is_delaying_the_more_personalized_siri_apple_intelligence_features">statement</a> to Daring Fireball.
"We've also been working on a more personalized Siri, giving it more awareness of your personal context, as well as the ability to take action for you within and across your apps. It's going to take us longer than we thought to deliver on these features, and we anticipate rolling them out in the coming year," Roy stated.
See Also: <a href="https://www.benzinga.com/markets/25/03/44133360/apple-challenges-uks-backdoor-order-in-landmark-legal-case-after-trump-compares-directive-to-china-style-surveillance-report">Apple Challenges UK&#8217;s &#8216;Backdoor&#8217; Order In Landmark Legal Case After Trump Compares Directive To China-Style Surveillance: Report</a>
Why It's Important: Apple <a href="https://www.benzinga.com/news/large-cap/23/06/32721949/apple-unveils-ios-17-and-ipados-17-at-wwdc-2023-introduces-new-standby-mode-and-more">originally promised</a> at WWDC 2023 that the upgraded Siri would launch over the next year. The new features were expected this spring, but internal testing revealed significant issues.
According to Bloomberg columnist Mark Gurman, Apple executives, including Craig Federighi, expressed concerns that the features didn't work properly in testing.
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.
Some within Apple's AI division reportedly fear the work may need to be scrapped and rebuilt from scratch.
This setback comes as 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 and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) aggressively expand their AI-powered voice assistants.
With AI assistants becoming a major battleground, Apple risks falling behind if it cannot deliver a more intelligent, conversational Siri—which, according to Gurman, <a href="https://in.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">may not arrive until</a> iOS 20 at best.
Price Action: Apple&#8217;s stock closed at $239.07 on Friday, rising 1.54%. However, it dipped 0.18% in after-hours trading. Year to date, AAPL is down 1.96%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Apple Delays Next-Gen Siri: 'It's Going To Take Us Longer Than We Thought' To Deliver AI Upgrades

Bill Gates, the billionaire co-founder of Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), has worn many titles over the years—tech visionary, philanthropist, the world's richest man. But now, at 69, <a href="https://www.benzinga.com/news/25/01/43129756/bill-gates-earned-reputation-as-office-bully-but-has-mellowed-out-and-now-says-my-20-year-old-self-is-so-disgusted-with-my-current-self">his life looks a little different</a>. His three children have moved out and <a href="https://finance.yahoo.com/news/bill-gates-frugal-wears-10-140516005.html">started families of their own</a>, making him a grandpa. And after his divorce from Melinda French Gates, he's living alone. Yet despite his change in circumstances, one thing remains constant: his home.
In a January <a href="https://www.thetimes.com/life-style/celebrity/article/bill-gates-interview-new-book-memoir-wh766b9bs">interview with The Times of London</a>, Gates made it clear that he has no plans to downsize. "My house in Seattle, I admit, is gigantic. My sisters have downsized. I can't. I like the houses I have," he said.
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He was referring to Xanadu 2.0, his 66,000-square-foot tech-filled mansion on the shores of Lake Washington. It's one of the most expensive and high-tech private homes in the world, and for Gates, it's not just a house—it's an investment, a passion project, and a place filled with memories.
<h2 class="wp-block-heading">A Home Built to Last</h2>
Gates bought the property in 1988 for $2 million, then spent seven years and $63 million turning it into the ultra-modern estate it is today. Now valued at an estimated $130 million, the home isn't just massive—it's built with some of the most advanced technology available.
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Guests wear electronic pins that adjust the lighting, temperature, and artwork on digital screens as they move through the house. Hidden speakers embedded in the walls allow music to follow visitors from room to room. A private library spans 2,100 square feet and features a domed reading room with a Great Gatsby quote engraved into the ceiling. The estate also includes six kitchens, 24 bathrooms, a trampoline room, and a 17-by-60-foot swimming pool with an underwater music system. Beneath the mansion, an underground garage can hold at least 23 cars.
Trending: <a href="https://www.benzinga.com/money/are-you-rich-2">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">A House That Outlasted His Marriage</h2>
While Gates considers Xanadu 2.0 an achievement, not everyone in his family shared the enthusiasm. His ex-wife once described the mansion as "<a href="https://www.benzinga.com/real-estate/24/05/39084795/bill-gates-66-000-sq-ft-mansion-features-a-trampoline-room-and-24-bathrooms-but-was-dubbed-a-nightma">a bachelor's dream and a bride's nightmare</a>." Back in a 2008 Fortune profile, she admitted that the home's overwhelming technology made her feel like she was living inside a video game. At one point during construction, she even put the project on hold due to creative differences.
Melinda often spoke about wanting a simpler life, even expressing hope that one day, she and Gates could live in a modest 1,500-square-foot home. That vision never came to fruition, and in 2021, the couple ended their 27-year marriage.
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<h2 class="wp-block-heading">An Empty House—But Not a Lonely One</h2>
The mansion that once served as a home base for his family is now occupied only by Gates himself. <a href="https://www.benzinga.com/personal-finance/24/12/42648634/bill-gates-says-his-22-year-old-daughter-told-him-to-never-email-her-so-now-he-sends-her-a-text-letting-her-know-hes-emailing">His three children</a>—Jennifer, 28; Rory, 25; and Phoebe, 22—have moved on, but he says they still enjoy coming back. "My kids like to come back—that is a luxury," he told The Times.
Though he has household staff, Gates acknowledges that he doesn't keep up with daily chores. "I don't cook, I don't make my own bed, but I don't mind if no one has made it—I wouldn't notice."
While some billionaires trade estates as often as they trade stocks, Gates sees his home differently. He spent years perfecting it, and even now, he doesn't see the point in leaving. It's not just a mansion—it's his home, and that's something he's not willing to give up.
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Personal Finance

Bill Gates Is a Divorced Grandpa Living Alone in 'Gigantic' 66,000 Sq. Ft. Home—But Won't Be Downsizing: 'I Can't. I Like the Houses I Have'

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

ABTS

MNDR

ELAB

A Reddit post recently blew up after one user shared a story about their friend who refused a $5,000 raise. Why? Because they thought it would push them into a higher tax bracket and actually make them take home less money.
<h2 class="wp-block-heading">A Misunderstanding That Went Viral</h2>
The post, <a href="https://www.reddit.com/r/mildlyinfuriating/comments/1j37beq/my_friend_refused_to_accept_a_5000_raise_because/">shared</a> in r/mildlyinfuriating, included a text conversation where the friend said, "30% to 37%. So if I take it, I move into the next tax bracket and my overall income will decrease."
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="956" height="728" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07104029/IMG_6458.png" alt="" class="wp-image-814535" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07104029/IMG_6458.png 956w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07104029/IMG_6458-300x228.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07104029/IMG_6458-768x585.png 768w" sizes="(max-width: 956px) 100vw, 956px" /></figure>
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The Redditor tried to explain how taxes actually work, by explaining that "ONLY the amount you earn over the threshold is taxed at 37%." Still, the friend wasn't convinced, responding, "Yes, ONLY the amount I earn over the threshold is taxed at 37%, but since 37&gt;30, my next income goes DOWN."
Frustrated, the Redditor pointed out the mistake, but the friend refused to accept it, replying, "Lmao, you are dumber than rocks bro." The exchange sparked a wave of reactions from Reddit users, with many expressing disbelief at how widespread this misconception still is.
One commenter summed it up: "That's the thing with dumb people, they don't think they are dumb. It's the smart people who realize how much they don't know." Another added, "How do people this dumb end up in the 37% tax bracket? That is the real question."
Trending: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Several users shared similar encounters with people who misunderstood <a href="https://www.benzinga.com/personal-finance/24/01/42757069/i-dont-care-what-tax-bracket-youre-in-suze-orman-insists-youd-be-crazy-to-have-anything-other-than-a-roth-retirement-account">tax brackets</a>. One person recounted how a carpenter they knew refused to earn over a certain amount for years because he thought it would lower his income. Another shared a baffling experience: "A manager at my old job told my coworker not to push for a raise because ‘you'll go up a tax bracket and be making less overall.'&#8221; They showed her the actual numbers, and she still insisted they were wrong.
Many users debated why this misunderstanding persists. Some blamed poor financial education, while others pointed out that misinformation spreads easily. One user wrote, "As a kid, I always heard adults saying they didn't want to get into the next tax bracket. So, the only natural conclusion I could come to as a kid was that the tax bracket rate was on all monies. I assume many people grew up hearing the same nonsense."
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Some speculated that this kind of financial illiteracy benefits employers, with one commenter joking, "His boss is probably thinking about firing him because he's so stupid," while another countered, "His boss loves him because he's dumb enough to keep working for the same salary."
Understanding marginal tax brackets isn't actually complicated. If you make just enough to enter a new tax bracket, only the portion above the threshold is <a href="https://www.benzinga.com/personal-finance/24/07/39738421/were-high-income-americans-really-paying-91-income-tax-in-the-1950s">taxed at the higher rate</a>. The rest of your income is still taxed at the lower rates. For example, if you make $100,000 and the next bracket starts at $101,000, only that extra $1,000 gets taxed at the higher rate. You're still walking away with more money.
This viral thread highlights a widespread issue: many people don't understand how taxes work, even when it directly affects their income. And when misinformation meets stubbornness, the results can be both frustrating and amusing. As one commenter put it, "If you choose to receive nothing, that's like taking a 100% tax on the money you didn't receive."
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</ul>

'His Boss Loves Him'—A Redditor's Friend Refused A $5K Raise, Convinced It Would Mean Less Money After Taxes

KLAC RISES OVER 28 POINTS AFTER ALERT AT 10:44 EST
<figure class="wp-block-image size-large"><img decoding="async" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/07231750/Screenshot-2025-03-07-at-6.06.09%E2%80%AFPM-1024x888.png" alt="" class="wp-image-7437" /></figure>
Today, KLA Inc. (KLAC) experienced a power inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:44 AM on March 7th, a significant trading signal occurred for KLA , Inc. (KLAC) as it demonstrated a Power Inflow at a price of $684.03. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in KLAC&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in KLAC&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for KLAC, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts. 
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $684.03. The returns on the High price ($712.57) and Close price ($711.29) after the Power Inflow were respectively 4.2% and 4.0%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

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Trading Halt: Halt status updated at 6:55:00 PM ET: Quotation Resumption: News and Resumption Times

Trading Halt: Halted at 6:31:17 p.m. ET - Trading Halt: Halt News Pending

Shaquille O'Neal is best known for dominating the basketball court, but off the hardwood, he's <a href="https://www.benzinga.com/personal-finance/24/11/42143297/shaquille-oneal-says-he-doesnt-know-if-hes-a-billionaire-yet-i-never-checked-heres-what-being-rich-means-to-him">equally impressive as an entrepreneur.</a> With a business empire spanning restaurants, endorsements, and investments in brands like Five Guys, Papa John's, and Muscle Milk, Shaq knows how to make—and keep—his money.
But sometimes, even the best investments come with unexpected challenges. Case in point: his historic Krispy Kreme location on Ponce de Leon Avenue in Atlanta, which burned down not once, but twice in 2021.
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<h2 class="wp-block-heading">What Happened to Shaq's Krispy Kreme?</h2>
The first fire, in February 2021, was ruled as arson. The second, just months later in July, was believed to have been caused by homeless individuals seeking warmth. Despite the million-dollar price tag to rebuild, Shaq took an empathetic stance, refusing to press charges.
On the <a href="https://www.tiktok.com/t/ZP82e6hoM/">"Full Send" podcast</a> last year, he explained his reasoning:
"The first one was believed to be arson. The second one was believed to be some homeless people… My thing is, I'm not gonna be putting charges on homeless people. They were just trying to stay warm."
That's classic Shaq—big in both stature and heart. Instead of focusing on the loss, he doubled down on his commitment to the business and the community, vowing to rebuild.
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
<h2 class="wp-block-heading">The $1.4 Million Comeback</h2>
True to his word, Shaq's Krispy Kreme made a triumphant return in October 2023. According to <a href="https://whatnowatlanta.com/shaqs-new-ponce-de-leon-krispy-kreme-to-cost-1-4-mm/">What Now Atlanta</a>, building permits estimated the rebuild at $1.4 million. The 4,000-square-foot store reportedly now boasts a drive-thru and modern amenities while still honoring its historic roots.
This isn't Shaq's first time making bold business moves. He once owned 155 Five Guys locations before selling them to launch his own restaurant. He also held stakes in <a href="https://www.benzinga.com/startups/24/12/42468734/nba-legend-shaq-owned-17-auntie-annes-franchises-but-sold-them-after-realizing-black-people-dont-like-pretzels-that-much">17 Auntie Anne's locations</a>—until he sold them, famously saying on the "Earn Your Leisure" podcast in 2021, "Black people don't like pretzels that much."
And let's not forget his early bets on Vitamin Water and Muscle Milk, both of which paid off big time when Coca-Cola and Hormel bought them for billions.
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<h2 class="wp-block-heading">More Than Just a Businessman</h2>
Shaq's approach to business isn't just about profit—it's about people. He <a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives">credits a comment from Jeff Bezos</a> with shaping his investment philosophy: focus on things that "change people's lives."&nbsp;
Whether it's refusing to penalize those in need, investing in brands he genuinely enjoys, or using his wealth to lift others, he proves time and again that being a great businessman isn't just about making money. It's about making an impact.
And in true Shaq fashion, he's doing both—one Krispy Kreme at a time.
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Shaq Said His Krispy Kreme Store Was Likely Burned Down By Homeless Trying To Stay Warm — 'I'm Not Gonna Be Putting Charges On Homeless People'

CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) has outperformed the market over the past 15 years by 3.26% on an annualized basis producing an average annual return of 14.57%. Currently, CACI International has a market capitalization of $8.68 billion. 
Buying $1000 In CACI: If an investor had bought $1000 of CACI stock 15 years ago, it would be worth $7,662.18 today based on a price of $387.17 for CACI at the time of writing.
<h3>CACI International's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741390209_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

CACI

Here's How Much $1000 Invested In CACI International 15 Years Ago Would Be Worth Today

Macquarie analyst Paul Golding maintains Six Flags Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUN#NYSE">FUN</a>) with a Outperform and maintains $55 price target.

Price Target

Analyst Ratings

Macquarie Maintains Outperform on Six Flags Entertainment, Maintains $55 Price Target

Macquarie analyst Steve Koenig maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Neutral and lowers the price target from $300 to $215.

Macquarie Maintains Neutral on MongoDB, Lowers Price Target to $215

Chardan Capital analyst Geulah Livshits maintains Solid Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDB#NASDAQ">SLDB</a>) with a Buy and maintains $16 price target.

SLDB

Chardan Capital Maintains Buy on Solid Biosciences, Maintains $16 Price Target

Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) has outperformed the market over the past 10 years by 2.16% on an annualized basis producing an average annual return of 12.93%. Currently, Guidewire Software has a market capitalization of $14.47 billion. 
Buying $100 In GWRE: If an investor had bought $100 of GWRE stock 10 years ago, it would be worth $349.20 today based on a price of $173.24 for GWRE at the time of writing.
<h3>Guidewire Software's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741388416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GWRE

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

Vertical Research initiates coverage on Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Buy rating and announces Price Target of $135.

Initiation

Vertical Research Initiates Coverage On Teradyne with Buy Rating, Announces Price Target of $135

Scotiabank analyst Louise Chen initiates coverage on Gain Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GANX#NASDAQ">GANX</a>) with a Sector Outperform rating and announces Price Target of $12.

GANX

Scotiabank Initiates Coverage On Gain Therapeutics with Sector Outperform Rating, Announces Price Target of $12

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EDTK Announces Business Plans to Expand Into New Market and Offer Free Online Trainings to Attract Customers

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Sunlands Technology Group American Depositary Shares, representing Class A ordinary shares

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