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Fenbo Holdings

Fenbo Holdings Ltd is a company engaged in producing premium personal care electric appliances, principally electrical hair styling products such as straighteners, curlers, trimmers, etc., and toy products to overseas markets. It manufactures and sells products such as Straightener, Mini Straightener, and Curling Iron.

President Donald Trump&#8217;s sweeping new tariffs, which include 30% duties on EU goods, 35% on Canadian imports, and 50% on products from Brazil, could hit American businesses hard, warns Peter Boockvar, the CIO at Bleakley Financial Group.
What Happened: The proposed levies, set to begin Aug. 1, would apply to an estimated $3.3 trillion in U.S. imports annually, Boockvar said while speaking to Kitco News on Monday.
&#8220;If we're left with a 15% tariff baseline on $3.3 trillion worth of imports, that's about $500 billion in new taxes,&#8221; he says, adding that they essentially undo Trump&#8217;s 2017 tax cuts.
See Also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46338641/ray-dalio-says-trumps-tariffs-are-theoretical-warns-they-may-not-bring-manufacturing-back-to-us">Ray Dalio Says Trump&#8217;s Tariffs Are &#8216;Theoretical,&#8217; Warns They May Not Bring Manufacturing Back To US</a>
&#8220;You're essentially taking back your own cut in the corporate income tax in 2017, which I was a big fan of,&#8221; Boockvar says, referring to the 2017 Tax Cuts and Jobs Act, which reduced the federal corporate tax rate from 35% to 21%, aimed at boosting investment and bringing manufacturing jobs back to the U.S.
Boockvar continues to reiterate his point, saying that &#8220;there are not just trade policies, they&#8217;re taxes,&#8221; that will ripple across supply chains, particularly for companies dependent on foreign inputs.
He also questioned the broader logic of using tariffs as industrial policy, calling it a &#8220;fantasy belief&#8221; that such measures will successfully reshore manufacturing jobs.
Why It Matters: Several experts, economists and analysts have echoed similar concerns over the years, saying that tariffs are a tax paid by American businesses and consumers.
Early this month, soon after a trade deal was <a href="https://www.benzinga.com/news/politics/25/07/46239985/peter-schiff-warns-americans-will-suffer-and-vietnamese-will-enjoy-after-trumps-trade-deal-with-hanoi">announced with Vietnam</a>, economist Peter Schiff declared that &#8220;Americans are losers and Vietnamese are winners,&#8221; since consumers in the U.S. will now be paying an additional 20% on goods imported from Vietnam, while Vietnamese conumers will have to bear no such costs on imports from the U.S.
Going back to 1987, Republican President <a href="https://www.benzinga.com/markets/25/03/44269552/ronald-reagan-warned-that-tariffs-destroy-prosperity-trump-is-doubling-them-anyway-and-now-us-tech-giants-like-apple-and-nvidia-are-bracing-for-impact">Ronald Reagan warned</a> that &#8220;High tariffs inevitably lead to retaliation… and less and less competition,&#8221; which would ultimately harm American workers and consumers. 
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<iframe loading="lazy" title="Markets Are ‘Living in Fantasy' Ahead of CPI, Fed Cut Coming Soon &#x7C; Peter Boockvar" width="500" height="281" src="https://www.youtube.com/embed/Vzv7CQb9fS4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46408726/eu-hits-back-with-84-billion-tariff-threat-as-trump-ramps-30-levy-plan-boeing-whiskey-and-autos-now-squarely-in-the-crosshairs">EU Hits Back With $84 Billion Tariff Threat As Trump Ramps 30% Levy Plan: Boeing, Whiskey And Autos Now Squarely In The Crosshairs</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

Trump's Tariffs Are A '$500 Billion' Tax On US Businesses That Wipe Out His 2017 Corporate Tax Break

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)&nbsp;questioned a potential quid pro quo involving the Trump family&#8217;s cryptocurrency ventures and Binance&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) convicted ex-CEO Changpeng Zhao.
What Happened: In an X post, Warren cited a recent report that claimed Binance covertly helped President&nbsp;Donald Trump-backed cryptocurrency company World Liberty Financial develop the USD1 stablecoin.
&#8220;One of the Trump family's crypto ventures got behind-the-scenes help from the world's largest crypto exchange,&#8221; Warren said. &#8220;Its founder? A convicted felon now seeking a Trump pardon.&#8221; 
Warren was referring to Zhao, who was <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38547115/ex-binance-ceo-changpeng-zhao-sees-crypto-industry-entering-new-phase">sentenced for anti-money laundering violations</a> in the U.S. Zhou&nbsp;paid a $50 million fine, stepped down from the&nbsp;company and subsequently served four months in prison. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One of the Trump family's crypto ventures got behind-the-scenes help from the world's largest crypto exchange. Its founder? A convicted felon now seeking a Trump pardon. Congress should be shutting this down — not making it easier for Trump to profit by passing crypto bills. <a href="https://t.co/yimkchiigS">pic.twitter.com/yimkchiigS</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1944834183924191369?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
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The senior Democrat, who has been fighting hard to convince lawmakers to take notice of Trump&#8217;s cryptocurrency activities, urged Congress to address this issue before passing bills that would enable him to profit more.
<a href="http://pro.benzinga.com">Benzinga</a> reached out to Binance and the White House for a comment. The story will be updated once they respond.
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46330813/circles-expands-beyond-coinbase-binance-partnerships-strikes-deal-with-bybit">Circle Expands Beyond Coinbase, Binance Partnerships, Strikes Deal With Bybit</a>
Why It Matters: The report suggested that <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46381943/trumps-crypto-firm-allegedly-received-covert-aid-from-binance-before-founders-pardon-plea">Binance allegedly helped write the core code</a> for the dollar-pegged stablecoin USD1, and the code facilitated&nbsp;an <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">Emirati investment firm to&nbsp;acquire&nbsp;a $2 billion stake</a> in&nbsp;Binance using USD1.
Zhao called the report a hit piece and was contemplating a defamation lawsuit.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">4. FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don&#39;t even know where to begin. Might have to sue them again for defamation. <a href="https://t.co/FevGMArHj8">https://t.co/FevGMArHj8</a>
&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1943705285098365065?ref_src=twsrc%5Etfw">July 11, 2025</a></blockquote>
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Warren had deemed the<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45399468/elizabeth-warren-calls-out-trump-linked-stablecoin-as-a-national-security-risk-hes-cashing-in-on-foreign-crypto-deals"> deal &#8220;shady&#8221; and a national security risk</a>, accusing Trump of profiting from foreign cryptocurrency agreements. She&nbsp;<a href="https://www.benzinga.com/25/05/45509721/elizabeth-warren-urges-congress-to-vote-against-genius-act-citing-potential-for-trumps-corruptionanthony-scaramucci-warns-democrats-against-political-suicide" target="_blank" rel="noreferrer noopener">urged Congress to vote against</a>&nbsp;the GENIUS Act, also known as the stablecoin bill, because it would enable Trump&#8217;s &#8220;crypto corruption.&#8221; The bill eventually passed the Senate
Trump reported incomes<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income" target="_blank" rel="noreferrer noopener">&nbsp;exceeding $57 million</a>&nbsp;from&nbsp;World Liberty Financial in his latest disclosure.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/07/46359496/elizabeth-warren-says-crypto-industry-wants-trump-to-boost-their-products-just-like-he-was-hawking-elon-musks-cars">Elizabeth Warren Says Crypto Industry Wants Trump To Boost Their Products Just Like He Was &#8216;Hawking&#8217; Elon Musk&#8217;s Cars</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Credit: Cody Scanlan/The Register / USA TODAY NETWORK via Imagn Images<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

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

Cryptocurrency

$BNB

Elizabeth Warren Says 'Convicted Felon' Leveraged Trump Family's Crypto Interests For Pardon: Senator Makes Scathing Comments On Binance Co-Founder

Key Preliminary Second Quarter 2025 Highlights:
<ul>
<li>Total revenues expected to be between $9.4 billion and $9.6 billion</li>
<li>Same store total revenue growth between 3.5% and 4.0%</li>
<li>Financing ops income between $15 million and $18 million, an increase of between 110% and 155% year-over-year</li>
<li>Other income related to equity investment mark-to-market adjustments up slightly year-over-year</li>
<li>Share repurchases of 1.5% of shares outstanding during the second quarter, and 3.0% year-to-date</li>
</ul>

News

Lithia Motors Reports Preliminary Q2 Results: Total Revenues Expected Between $9.4B-$9.6B Vs. $9.634B Estimate, Sees EPS Between $9.70-$10.00

Macro Economic Events

Econ #s

Economics

Eurozone ZEW Economic Sentiment For July 36.1 Vs. 37.8 Est.; 35.3 Prior

Eurozone Industrial Production (MoM) For May 1.7% Vs. 1.1% Est.; -2.2% (Revised) Prior

Germany ZEW Economic Sentiment For July 52.7 Vs. 50.8 Est.; 47.5 Prior

Germany ZEW Current Conditions For July -59.5 Vs. -65.5 Est.; -72.0 Prior

CRWV

CoreWeave Commits $6B To Build AI Data Center In Pennsylvania, Expanding U.S. Infrastructure With 300MW Capacity And 600+ Jobs

Jacobs–AtkinsRéalis JV Selected For National Highways' SPaTS3 To Support England's Road Investment Strategy With Technical Expertise

Collaboration aims to bolster the renewable energy company's people-centred approach, elevating the employee experience and fostering operational efficiency

CTSH

Cognizant And SmartestEnergy Collaborate To Streamline Helpdesk Operations And Enable Scalable Growth With Shift-Left Strategy

Biotech

Large Cap

Health Care

General

VRTX

Monday, Vertex Pharmaceuticals Reached A Broad Reimbursement Agreement With NHS England For Vertex's Cystic Fibrosis Medicine Alyftrek (Deutivacaftor/Tezacaftor/Vanzacaftor)

Future Fund LLC's managing director, Gary Black, hailed Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sales in the Chinese domestic market as Elon Musk's EV giant gains momentum.
Check out the current price of <a href="https://benzinga.com/quote/tsla">TSLA stock here</a>.
What Happened: The investor took to social media platform X on Tuesday to share the data in a post. "Tesla China reported a strong 12.3K insured registrations for the week of July 7-13," he said in his post.
The investor added that the figures indicated it was the "highest second week" of the quarter of all time for Tesla in China. "After two weeks. 3Q is +92% QoQ and -3% YoY," Black said in the post.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> China reported a strong 12.3K insured registrations for the week of July 7-13. This was the highest second week of the quarter ever. After two weeks. 3Q is +92% QoQ and -3% YoY. Source: <a href="https://twitter.com/piloly?ref_src=twsrc%5Etfw">@piloly</a> <a href="https://twitter.com/Tslachan?ref_src=twsrc%5Etfw">@Tslachan</a> <a href="https://t.co/NHU5GYarlI">pic.twitter.com/NHU5GYarlI</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1944976917368610928?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
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Why It Matters: The news comes after Tesla reported a <a href="https://www.benzinga.com/markets/asia/25/07/46289899/tesla-china-sales-plunge-over-75-in-first-week-of-july-despite-strong-q2-deliveries">75% plunge in sales</a> in China during the first week of July as the company recorded 5,010 insured registrations.
The poor performance in the first week was followed by Tesla reporting a <a href="https://www.benzinga.com/markets/tech/25/07/46239998/dan-ives-hails-teslas-better-than-expected-q2-deliveries-says-fireworks-come-early-for-elon-musk-led-ev-giant">better-than-expected Q2</a> delivery performance, with 384,212 units sold in the second quarter of the year, with the Model 3 and the Model Y driving up sales.
Elsewhere, electric vehicle sales <a href="https://www.benzinga.com/markets/tech/25/07/46408472/electric-vehicle-sales-soar-worldwide-in-june-us-falls-behind-amid-trumps-incentive-rollbacks-report">soared 24% in June</a> throughout the globe. However, President Donald Trump's budget cuts and axing incentives aimed to drive EV adoption led to a slowdown in EV sales in North America.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15044214/TSLA-JUL-15-2025-1-1024x198.jpg" alt="" class="wp-image-985423" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15044214/TSLA-JUL-15-2025-1-1024x198.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15044214/TSLA-JUL-15-2025-1-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15044214/TSLA-JUL-15-2025-1-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15044214/TSLA-JUL-15-2025-1-1536x296.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15044214/TSLA-JUL-15-2025-1.jpg 1565w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46407991/elon-musks-tesla-to-sell-model-y-from-70000-in-india-launches-first-showroom-in-mumbai">Elon Musk&#8217;s Tesla To Sell Model Y From $70,000 In India, Launches First Showroom In Mumbai</a></li>
</ul>

Tech

TSLA

Tesla Rebounds In China With 12.3K Weekly Registrations, Highest 2nd Week Ever

Chorus Intelligence And Dun & Bradstreet Partner To Empower Law Enforcement And Financial Services With Real-Time Business Intelligence

Tapestry Expands Strategic Partnership With Gen Phoenix, Ups Stake To 9.9% Amid $15M Funding Round And Supply Agreement

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nextdoor.com&amp;esheet=54290381&amp;newsitemid=20250715569298&amp;lan=en-US&amp;anchor=Nextdoor+Holdings%2C+Inc&amp;index=1&amp;md5=08b4fbebebb38e99c1ebe6ea94c5d92b">Nextdoor Holdings, Inc</a>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIND#NYSE">KIND</a>), the essential neighbourhood network, today released the new Nextdoor, the most consequential redesign of its core product to date. Focused on three fundamental neighbourhood needs—Alerts, News, and Faves—the new Nextdoor experience is more useful, more helpful, and more timely, meeting the evolving needs of neighbours everywhere. We're also excited to introduce advertising in Canada for the first time, offering businesses of all sizes the opportunity to connect with local communities.
As part of the new experience, Nextdoor has deepened its investment in Canadian communities by partnering with local publishers, safety agencies, and real-time crisis detection providers to offer neighbours a smarter, more meaningful connection to the place they call home.
Nextdoor has helped more than 100 million neighbours stay connected to what matters most in their local communities. With the shift towards remote and hybrid work, people are spending more time in their neighbourhoods where local connections—whether with neighbours, services, or businesses—play an increasingly important role in daily life.

KIND

Nextdoor Expands Into Canada With Ads as Redesigned App Focuses on Alerts, News, and Local Favorites

The Glimpse Group, Inc. ("Glimpse") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAR#NASDAQ">VRAR</a>, FSE: 9DR))), a diversified Immersive Technology platform company providing enterprise-focused Virtual Reality ("VR"), Augmented Reality ("AR") and Spatial Computing software and services, provided preliminary and unaudited financial results for its fourth quarter fiscal year 2025, ended June 30, 2025 ("Q4 FY '25").
Preliminary Q4 FY'25 Financial Results
The Company expects total revenues for Q4 FY'25 to be approximately $3.50 million, representing: a) an increase of approximately 100% compared to revenues of $1.73 million in Q4 FY'24, and b) an increase of approximately 150% compared to revenues of $1.42 million in Q3 FY'25.
Adjusted EBITDA for Q4 FY'25 was positive compared to an Adjusted EBITDA loss of approximately -$1.1 million in Q4 FY'24.
The Company's cash and equivalent position as of June 30, 2025 was approximately $6.85 million. We continue to maintain a clean capital structure with no debt, no convertible debt and no preferred equity.
Final recognized revenue and any other financials are subject to review, may change and will be released with the Company's audited financial statements and related annual report towards the end of September 2025.
Lyron Bentovim, President &amp; CEO of Glimpse, commented: "Q4 FY'25 revenue was our highest in over two years, entirely organic and primarily driven by Spatial Core's Department of Defense (DoD) software and services contracts. In parallel, we maintained profitable operations—a continuation of our recent quarters."

Earnings

Guidance

VRAR

The Glimpse Group Expects Preliminary Q4 Revenue Of $3.5M, Up By ~100% YoY, Positive Quarterly Adj EBITDA, Cash Balance Of $6.85M

Grvt on Tuesday announced it has launched a new product called "Strategies," described as the world's first compliant, peer-to-peer, on-chain investment marketplace. 
Built on zkSync and governed by smart contracts, the platform allows users to allocate capital directly to investment strategies managed by institutional funds, trading firms, and professional crypto strategists.
The offering aims to address long-standing barriers to investing, such as lack of access, opaque gatekeeping, and high capital requirements, by using blockchain infrastructure to automate fund lifecycle mechanics.
Unlike traditional funds, all strategies on the platform are non-custodial and transparent by design. Deposits, allocations, and profit distribution are executed via smart contracts. 
Historical performance, asset allocations, and methodology are publicly visible on-chain.
According to the company, initial strategy managers include firms like Ampersan, AllDeFi, b-cube.ai, and Rogue Traders. 
The strategies vary from AI-driven quant trading models to thematic portfolios and DeFi-native alpha capture plays. 
Four additional strategies are expected to go live in July, with a total of 15 strategy managers expected by the end of 2025. The company forecasts a total value locked (TVL) of $100 million.
Hong Yea, Co-Founder and CEO of Grvt, said, "We believe growing your wealth should feel as natural as sending a message or booking a ride."
Speaking with Benzinga, Yea acknowledged the evolving regulatory climate, stating: "Feasibility has significantly improved compared to the past few years, as global regulatory frameworks are becoming clearer."
Also Read: <a href="https://www.benzinga.com/markets/25/07/46404410/bitcoin-shatters-all-time-high-to-hit-123-000-as-ethereum-cracks-3-000-and-xrp-taps-3">Bitcoin Shatters All-Time High To Hit $123,000 As Ethereum Cracks $3,000 And XRP Taps $3</a>
He also pointed to Grvt's dual focus on compliance and decentralization: "Grvt is probably the only platform that combines both regulatory compliance and privacy protections."
Asked about risk mitigation in peer-to-peer models, Yea said, "One of the upcoming features in development at Grvt is a smart contract-based maximum drawdown protection mechanism… When triggered, positions will be unwound and returned to users without any manual intervention."
The firm emphasized that risk disclosure remains central to its architecture. 
"Clear risk disclosure is essential, investors need to understand what they're exposed to," Yea said. "The goal is not just to reduce risk, but to make risk exposure transparent and trustless by design."
On the performance and transparency of algorithmic strategies, Yea said, "Currently, AI primarily helps humans to make more informed and faster decisions." 
He added that Grvt aims to offer "AI-driven funds of funds services," where AI helps allocate capital across a diverse set of strategies.
To mark the launch, Grvt is offering early users a 20% APR booster and bonus EcoPoints toward a future token airdrop, available until July 29. 
A mobile app release is expected in Q4 2025.
The company reiterated its non-custodial model and non-involvement in managing user assets. 
All strategy providers operate independently. "Grvt provides technology solutions and smart contract infrastructure for digital asset management but does not offer financial, investment, or advisory services," the company stated in its official release.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46401183/strategy-adds-472-million-in-bitcoin-ups-total-holdings-to-over-600000-btc">Strategy Adds $472 Million In Bitcoin, Ups Total Holdings To Over 600,000 BTC</a></li>
</ul>
Photo courtesy: Shutterstock

Grvt Launches On-Chain Investment Marketplace Featuring Institutional Strategies

Before leading the Android division, Sameer Samat made a bold move early in his career that would end up shaping his professional journey: cold-emailing Google, rebranded as Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) in 2015, co-founder Sergey Brin at 3 am.
What Happened: Back in 1999, Samat was in his early 20s, running a machine learning startup called Mohomine during the <a href="https://www.benzinga.com/tech/25/02/43838071/microsoft-ceo-satya-nadella-warns-of-dot-com-like-ai-bubble-pushes-for-measuring-ai-impact-with-gdp-growth-self-claiming-agi-milestone-is-just-nonsensical-benchmark-hacking">dot-com boom</a>.
When his co-founders considered leaving to attend grad school, he struggled with how to keep the company going. In search of advice, Samat reached out to Brin, having read his academic papers and admired Google's mission.
"This is 1999, 3 a.m. email," Samat recalled in an <a href="https://www.businessinsider.com/google-android-sameer-samat-cold-email-sergey-brin-2025-7">interview</a> with Business Insider, saying he asked Brin, "What would you do in this situation? I'm sure you wrestled with this grad school decision."
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45827474/google-co-founder-larry-page-predicted-a-machine-that-would-understand-everything-on-the-web-has-that-25-year-old-pipe-dream-finally-turned-into-reality">Google Co-Founder Larry Page Predicted A Machine That Would &#8216;Understand Everything On The Web,&#8217; Has That 25-Year Old Pipe Dream Finally Turned Into Reality?</a>
To Samat's surprise, Brin replied within a minute and invited him to visit Google's office. What started as a conversation quickly turned into an on-the-spot job interview. He "paraded one engineering person after another into the room," Samat said.
Though Brin offered him a job, Samat declined, choosing to stay loyal to his startup. Brin respected the decision and even introduced him to investors, some of whom helped fund Mohomine.
&#8220;He didn&#8217;t have to do any of that,&#8221; Samat stated, adding, &#8220;And so I try to pay that forward, too, when people call me up with something similar.&#8221;
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
Samat's company was later acquired by Kofax (now Tungsten Automation), giving Samat valuable startup experience.
He eventually joined Google in 2008 after being persuaded by Marissa Mayer and interviewing with Sundar Pichai, who would later become CEO. He left in 2015, only to return when Pichai personally asked him to help lead Android and Google Play, the report added.
Why It's Important: In a separate <a href="https://www.techradar.com/phones/android/i-think-you-see-the-future-first-on-android-googles-android-leader-sameer-samat">interview</a> with TechRadar last week, Samat confirmed that the company plans to merge its Android mobile operating system with ChromeOS, which currently powers Chromebooks.
They're aiming for a single unified platform, hinting at evolving how laptops fit into Google's ecosystem. This statement is the clearest official sign yet of a move that has been speculated about for months.
Benzinga's Edge Stock Rankings indicate that GOOG is trending positively in the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">You can find more detailed performance insights here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15043407/Screenshot-2025-07-15-at-2.01.46%E2%80%AFPM.png" alt="" class="wp-image-985408" /></a></figure>
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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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: JHVEPhoto On Shutterstock.com

GOOG

GOOGL

Google's Android Chief Once Cold-Emailed Sergey Brin At 3 AM — What Happened Next Changed His Career Forever

Standard Chartered PLC launched digital assets spot trading for institutional clients on Monday, marking a watershed moment as the first global systemically important bank to offer deliverable Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) trading services.
What Happened: The London-based bank now provides spot trading for Bitcoin and Ethereum through its UK branch, with plans to introduce non-deliverable forwards trading soon. The service targets institutional clients, including corporates, investors and asset managers.
&#8220;Digital assets are a foundational element of the evolution in financial services,&#8221; said Bill Winters, Group Chief Executive of Standard Chartered. &#8220;As client demand accelerates further, we want to offer clients a route to transact, trade and manage digital asset risk safely and efficiently within regulatory requirements.&#8221;
The trading platform integrates with Standard Chartered&#8217;s existing foreign exchange interfaces, allowing institutional clients to access cryptoassets through familiar systems. Clients can settle with their choice of custodian, including the bank&#8217;s proprietary digital assets custody solutions.
Tony Hall, Global Head of Trading and XVA at Standard Chartered, emphasized the bank&#8217;s competitive positioning. &#8220;We are applying our global expertise, infrastructure and risk management frameworks that our clients trust to the digital assets space,&#8221; Hall said. &#8220;With growing interest in regulated digital assets solutions, we are well positioned to meet client needs while capturing the opportunities in this space.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46409079/nvidia-growth-estimates-get-10-boost-as-us-lifts-china-chip-export-curbs-gene-munster-predicts-30-35-growth-for-2026">Nvidia Growth Estimates Get 10% Boost As US Lifts China Chip Export Curbs: Gene Munster Predicts 30-35% Growth For 2026</a>
Why It Matters: The launch comes amid <a href="https://www.benzinga.com/crypto/25/07/46407297/bitcoin-retraces-from-highs-ahead-of-cpi-report-ethereum-gains-and-dogecoin-falls-analyst-says-135000-140000-isnt-hopium-but-one-clean-breakout-away">heightened institutional interest in cryptocurrency markets</a>. Bitcoin traded at $119,233 as of Monday evening, up approximetly 11.68% in the third quarter. Ethereum gained 20% over the same period, trading at $2,986.
Standard Chartered&#8217;s Global Head of Digital Assets Research, Geoffrey Kendrick, previously predicted Bitcoin would reach $135,000 in the third quarter and $200,000 in the fourth quarter, driven by exchange-traded fund inflows and corporate treasury demand.
ETFs purchased 120,000 BTC worth $12.4 billion in the second quarter, while <a href="https://www.benzinga.com/markets/25/07/46318203/why-standard-chartered-says-h2-2025-will-be-bitcoins-best-ever">corporate treasuries acquired 125,000 BTC</a>.
The cryptocurrency market capitalization stood at $3.74 trillion, with trading volume for Bitcoin surging 256% to $180 billion amid recent volatility. 
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: MOZCO Mateusz Szymanski On Shutterstock.com

$BTC

$ETH

Standard Chartered Enters Crypto Trading — First Big Bank To Offer Deliverable BTC, ETH To Institutions

Renowned financial advisor Dave Ramsey has offered valuable advice to Americans considering buying a new car, highlighting the importance of making a well-informed and financially sound decision.
What Happened: Ramsey advises against the pursuit of the perfect car, instead urging buyers to focus on practical needs and financial constraints, <a href="https://www.thestreet.com/personal-finance/dave-ramsey-warns-americans-buying-a-car">reports</a> The Street.
He also suggests that buyers ask themselves essential questions such as the type of vehicle needed for daily routines, the number of passengers typically carried, and the importance of fuel economy and storage capacity.
He also encourages buyers to be patient and explore various options, both online and in showrooms, before making a decision. Ramsey warns against the rapid acceptance of the first appealing offer, emphasizing the importance of finding the best fit for individual needs.
See Also: <a href="https://benzinga.com/news/topics/25/07/46389339/robert-reich-says-the-u-s-government-is-no-longer-able-to-protect-us-from-real-hazards-because-its-shifting-funds-to-fake-hazards" target="_blank" rel="noopener">Robert Reich Says, &#8216;The U.S. Government Is No Longer Able To Protect Us From Real Hazards, Because It&#8217;s Shifting Funds To Fake Hazards&#8217;</a>
However, Ramsey also offers a sobering reminder about the steep depreciation of new cars, warning that unless your net worth exceeds $1 million, opting for a used vehicle is the wiser financial move.
&#8220;Brand-new cars drop in value like a bag of rocks, losing 60% of their value in the first five years,&#8221; he said in a post last year.
The financial guru also recommends that buyers narrow their options to a handful of vehicles that align with both their budget and daily needs.
He asked people to assess key factors like safety ratings, acceleration, fuel efficiency, and overall comfort, urging shoppers to prioritize practicality over simply choosing the cheapest option.
Why It Matters: The advice from Ramsey comes at a time when the cost of car ownership is a significant concern for many Americans.
A January 2025 <a href="https://www.benzinga.com/news/25/03/44309975/suze-orman-warns-against-this-costly-car-buying-mistake-are-you-kidding-me-thats-just-spending-on-a-want-not-a-need">report from Edmunds</a> reveals a troubling trend in auto financing. In the fourth quarter of 2024, about 24.9% of trade-ins used for new car purchases involved negative equity, up from 20.4% during the same period in 2023.
The average amount borrowers owed beyond their vehicle's value hit a record high of $6,838, exceeding the previous record of $6,458 set just a quarter earlier. Alarmingly, nearly a quarter (24.6%) of those with negative equity were more than $10,000 underwater on their auto loans.
Ramsey&#8217;s advice also aligns with his previous stance on car payments, where he <a href="https://www.benzinga.com/personal-finance/24/08/40151501/dave-ramseys-tough-love-on-car-payments-avoid-the-middle-class-trap-the-goal-is-have-cars-where-">advocated for avoiding</a> the middle-class trap of perpetual car payments, stressing the importance of making financially prudent decisions when it comes to car ownership.
Meanwhile, legendary investor Warren Buffett once <a href="https://www.benzinga.com/personal-finance/25/05/45336111/warren-buffett-didnt-buy-a-new-car-for-years-heres-why-you-might-want-to-wait-even-with-looming-tariffs">opted to wait</a> on buying a new car for years. The Oracle of Omaha drove his 2006 Cadillac DTS for eight years before finally upgrading — but only after General Motors CEO Mary Barra personally convinced him.
After hearing about dozens of improvements during a brief conversation, Buffett agreed to trade it in for a 2014 Cadillac XTS.
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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

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