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Faraday Future

Faraday Future Intelligent Electric Inc is a shared intelligent mobility ecosystem. The company is poised to break the boundaries between the Internet, IT, creative, and auto industries with product and service offerings that integrate new energy, AI, Internet, and sharing models. The company has additional engineering, sales, and operational capabilities in China and plans to develop its manufacturing capability in China through a joint venture.

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Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) reported a marked decline in its cryptocurrency revenue in the first quarter as compressed prices hampered trading activity.
What happened: The commission-free trading platform released its quarterly <a href="https://in.benzinga.com/news/earnings/25/02/43676276/robinhood-q4-earnings-highlights-record-revenue-eps-beat-analyst-estimates-crypto-revenue-up-700">financials </a>after Wednesday&#8217;s market close and disclosed a cryptocurrency notional trading volume of $252 million, up 100% year-over-year but <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43682382/robinhood-ceo-vlad-tenev-reveals-what-hes-most-excited-about-as-crypto-revenue-skyrockets-8x-stock-surges-15-after-hours">down 30%</a> from the previous record quarter.
The cryptocurrency revenue was over 43% of Robinhood's total transaction-based revenue for the quarter.
The firm also revealed a cryptocurrency notional trading of $46 billion, up 28% from the same quarter last year but down 35% from the fourth quarter of 2024.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/45091619/paypal-says-its-moving-quickly-on-crypto-stablecoinfintech-giant-partners-with-coinbase-to-boost-pyusd">PayPal CEO Says &#8216;Moving Quickly&#8217; To Bring Crypto, Stablecoin Benefits To Users — Fintech Giant Partners With Coinbase To Boost Solana-based PYUSD</a>
The company&#8217;s cryptocurrency arm, Robinhood Crypto, allows users to trade in popular coins such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and others.
Why It Matters: The fall in volume and revenue followed a marked contraction in the cryptocurrency market in the first quarter, with total capitalization falling by more than 18%. Notably, Bitcoin and Ethereum plunged 11.82% and 45.41%, respectively, during the period.
During the earnings call, Robinhood CEO Vlad Tenev said it was normal for trading volumes to fluctuate, but he was pleased that the company&#8217;s market share was intact.
Tenev also talked about diversifying the business away from cryptocurrency. "We're diversifying the business outside of the crypto business, which will make us less reliant on crypto transaction volumes," the CEO said.
Price Action: Shares of Robinhood rose 1.45% in after-hours trading after closing 0.53% lower at $49.11 during Wednesday&#8217;s trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the stock has gained 31.80%.
The stock exhibited a very high momentum score as of this writing. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> can help you see how other crypto-focused companies stack up on this metric.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="504" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30224228/Screenshot-2025-05-01-081211.png" alt="" class="wp-image-896079" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30224228/Screenshot-2025-05-01-081211.png 504w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30224228/Screenshot-2025-05-01-081211-300x111.png 300w" sizes="(max-width: 504px) 100vw, 504px" /></figure>
Photo Courtesy: Sergei Elagin On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$ETH

HOOD

Robinhood's 30% Crypto Revenue Plunge: Vlad Tenev Looking To Diversify, Wants Platform 'Less Reliant' On Transaction Volumes

As "macro uncertainty" and President Donald Trump&#8216;s tariffs become the go-to scapegoats for CEOs this earnings season, fund manager Gary Black isn&#8217;t buying it.
What Happened: On Tuesday, Black posted on X, citing former Chicago Mayor Rahm Emanuel's famous quote, &#8220;Never let a good crisis go to waste,&#8221; as he accused CEOs of using tariffs and economic uncertainty as cover during earnings season to justify either pulling or scaling back their 2025 guidance.
Black finds it all the more absurd that companies that have nothing to do with imported goods are now blaming the &#8220;Trump tariffs&#8221; for their underperformance.
See More: <a href="https://www.benzinga.com/markets/25/04/45091467/trump-can-either-have-his-cake-or-eat-it-economist-justin-wolfers-calls-out-presidents-fundamental-incoherence-on-trade-deals-and-tariffs">Trump Can Either Have His Cake Or Eat It, Economist Justin Wolfers Calls Out President&#8217;s &#8216;Fundamental Incoherence&#8217; On Trade Deals And Tariffs</a>
He then highlights companies such as General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>), all companies that released their earnings on Tuesday, with all three of them citing tariff-related uncertainties to with their guidance for the full year.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Rahm Emanuel former mayor of Chicago famously said: "You never want a serious crisis to go to waste." And so it is with CEOs, who as they report earnings are blaming the economic uncertainty caused by Trump's tariffs to either withdraw or scale back FY'25 guidance even if they…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1917240039928725516?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote>
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While General Motors and United Parcel Service have at least some cover to lay the blame on macroeconomic headwinds, Spotify, a music streaming service, doesn&#8217;t.
Why It Matters: Gary Black, the founder of The Future Fund LLC, has been critical of the tariffs for quite some time, predicting a cut in spending by businesses and consumers <a href="https://benzinga.com/government/regulations/25/04/44758150/gary-black-expects-consumers-and-businesses-to-cut-spending-ahead-of-earnings-season-warns-of-a-lasting-damage-to-the-economy">several weeks ago</a>.
He&#8217;s also been at the forefront of <a href="https://benzinga.com/markets/cryptocurrency/25/04/44891685/gary-black-shares-polymarket-data-says-trump-tariffs-have-pushed-odds-of-2025-recession-to-57">predicting a recession</a> early last week, again laying the blame on the tariffs and the related uncertainty.
Dan Ives of Wedbush Securities, too, had <a href="https://benzinga.com/analyst-ratings/analyst-color/25/04/44670176/nvidia-apple-top-names-to-own-cybersecurity-stocks-to-outperform-tech-analyst-dan-ives-says">predicted early this month</a> that most companies will not offer a guidance for the full-year during their first quarter earnings call, once again citing the unpredictability of the macro environment.
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Equities

Government

Markets

SPOT

Wall Street CEOs Pull The 'Trump Tariff' Card: Is Macro Fear The New Excuse For Weak Guidance?—Asks Leading Fund Manager

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is throwing out big incentives to move cars, but not everyone is impressed. In fact, longtime Tesla investor Ross Gerber is openly mocking the company&#8217;s latest moves.
<h2 class="wp-block-heading">Big Discounts, But Bigger Doubts</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Someone please come buy a tesla. Anyone… <a href="https://twitter.com/search?q=%24tsla&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$tsla</a> <a href="https://t.co/0WARTdq1it">https://t.co/0WARTdq1it</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1916165487614169145?ref_src=twsrc%5Etfw">April 26, 2025</a></blockquote>
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According to another Tesla investor, Sawyer Merritt, the electric vehicle company is offering its brand-new 2024 Model 3 Performance vehicles for just $41,490, a price that already includes the $7,500 federal EV credit. Buyers also get 10% off, 0% APR financing, and a free transfer of Full Self-Driving capabilities. Deep Blue Metallic and Pearl White paint colors, along with a white interior, are now included at no extra cost.
Merritt highlighted the offer <a href="https://x.com/SawyerMerritt/status/1915962973979320647">on X</a>, calling it &#8220;a lot of value for the money.&#8221; But Gerber had a different reaction, <a href="https://x.com/GerberKawasaki/status/1916165487614169145?t=MYU7mzO-E3ofqSdfEstm8Q&amp;s=03">posting</a>, &#8220;Someone please come buy a Tesla. Anyone… $TSLA.&#8221;
Adding to his criticism, Gerber also mocked <a href="https://x.com/TeslaNewswire/status/1916373191745823071">reports</a> of a cheaper Tesla Model Y rumored to launch in July. He sarcastically <a href="https://x.com/GerberKawasaki/status/1916508272770924653">described it as</a> &#8220;Just 4 wheels and you sit on the battery. Amazing innovation! The Tesla model C &#8211; rap,&#8221; reacting to news of stripped-down features like fabric seats and a smaller battery for an expected $26,000 to $28,800 price tag.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just 4 wheels and you sit on the battery. Amazing innovation! The Tesla model C &#8211; rap. <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> <a href="https://t.co/6oROmz7MuV">https://t.co/6oROmz7MuV</a>
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1916508272770924653?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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<h2 class="wp-block-heading">Gerber: Worst Tesla Performance in 11 Years</h2>
Gerber has been vocal about Tesla&#8217;s struggles this year. After <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla reported a 71% drop</a> in first-quarter profits, he <a href="https://x.com/GerberKawasaki/status/1914692869073592478">said</a>, &#8220;I&#8217;ve done Tesla calls for 11 years. This is the worst performance I&#8217;ve seen in Tesla&#8217;s history.&#8221;
<a href="https://www.benzinga.com/markets/25/04/44941889/teslas-sweet-little-lies-hide-worst-performance-ever-elon-musks-robot-takeover-talk-is-just-a-smokescreen-says-ross-gerber">He criticized CEO Elon Musk</a> for distracting investors with grand stories about robots and total addressable markets, adding, &#8220;I get Elon will tell everyone about trillions of [total addressable market] and robots taking over the world… anything to get you not to look at the facts.&#8221;
<h2 class="wp-block-heading">Tesla&#8217;s Brand Crisis and Political Fallout</h2>
Tesla&#8217;s stock has fallen sharply in 2025, weighed down by slumping demand and Musk&#8217;s growing political involvement. <a href="https://www.benzinga.com/personal-finance/25/04/45027834/ross-gerber-says-elon-musk-a-negative-for-tesla-stock-trumps-win-proved-not-good-at-all-for-company">Tesla&#8217;s deliveries dropped 13%</a> year-over-year in the first quarter, and sales in Europe plunged 49% in the first two months.
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In a Schwab Network <a href="https://www.youtube.com/watch?v=UcOVZf7FWEg&amp;t=97s">interview</a>, Gerber said Musk&#8217;s public image is hurting Tesla, explaining that consumers &#8220;need to feel good&#8221; about buying a Tesla. Instead, he said people are afraid of the controversy attached to the brand.
&#8220;The woes seem to just keep adding up, and the stock has come back to earth because the Musk positive has been offset now with Musk negative,&#8221; he said.
Gerber also said Musk&#8217;s &#8220;huge bet&#8221; on President Donald Trump has backfired. &#8220;The perception at the time was like this is going to be great for Tesla, but now that he&#8217;s there, it&#8217;s how is this good, and it turns out it&#8217;s not good at all. And now people are burning Teslas,&#8221; he told Schwab Network.
While Gerber still holds Tesla stock, he warns the company needs to meet Wall Street's 2025 earnings expectations to avoid a bigger drop. Otherwise, he says, &#8220;Tesla could go meaningfully lower.&#8221;
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TSLA

'Someone Please Come Buy A Tesla. Anyone...' Says Ross Gerber As He Mocks Tesla's Desperate Incentives

Most people, when their spouse asks for a minivan, grab a Honda or a Chrysler and call it a day. Not Mark Zuckerberg. He grabbed a Porsche — and then redesigned it to fit his wife's wish list.
In October, the Meta CEO shared the <a href="https://www.instagram.com/p/DAzDZ1-RCTB/?utm_source=ig_web_copy_link">project on Instagram</a>, kicking off what he called a "new side quest." His caption read:
"New side quest. Priscilla wanted a minivan, so I've been designing something I'm pretty sure should exist: a Porsche Cayenne Turbo GT Minivan. Threw in a manual GT3 Touring to make it his and hers. Thanks @porsche and @westcoastcustoms for helping to make this happen."
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Not everyone dreams of driving a minivan — and Zuckerberg clearly wasn't about to settle for one either. Instead, he set out to create something practical enough for a growing family but still cool enough to park next to a row of supercars.
Since Porsche doesn't make a minivan, Zuckerberg teamed up with West Coast Customs — the shop made famous by Pimp My Ride — to turn a Cayenne Turbo GT into a one-of-a-kind family hauler. They stretched the wheelbase, added power sliding doors, installed a third row of seats, and gave it the sort of swagger minivans usually don't get.
And because one custom Porsche wasn't enough, Zuckerberg added a second to the garage. He picked up a Porsche 911 GT3 Touring in the <a href="https://www.businessinsider.com/mark-zuckerberg-priscilla-chan-porsche-turbo-gt-cayenne-minivan-2024-10">same Crayon gray color</a>, creating a matching "his-and-hers" set — one for hauling kids, one for hauling… well, everything else.
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It's the kind of move that's part practical, part flex — and very on brand for Zuckerberg, who's no stranger to big gestures. Earlier in 2024, he <a href="https://www.instagram.com/p/C-naZ9NvQNu/">commissioned a marble statue</a> of Chan, a nod to ancient Roman traditions. The Instagram caption read, "Bringing back the Roman tradition of making sculptures of your wife." Apparently, custom Porsches and statues both make the gift list.
Interestingly, Porsche once toyed with the idea of a minivan too — though theirs stayed tucked safely in the concept garage. In 2020, the company <a href="https://newsroom.porsche.com/en/2021/innovation/porsche-interior-future-ux-vision-renndienst-25042.html">unveiled the Vision "Renndienst,"</a> a futuristic, family-friendly space designed to seat up to six people. It was first dreamed up in 2018 and even got a full-size model, but Porsche never moved forward with production. So while Zuckerberg's creation might seem out of left field, he's not the first to wonder what a Porsche minivan could actually look like.
For <a href="https://www.benzinga.com/news/25/04/44968787/mark-zuckerbergs-wife-priscilla-chans-tuition-free-school-to-shutdown-50-million-support-pledged-for">Zuckerberg and Chan</a> — who <a href="https://www.benzinga.com/news/25/02/43506632/mark-zuckerberg-once-told-sam-altman-that-the-most-painful-moment-in-his-life-was-not-rejecting-a-1">met at Harvard</a> and married in 2012 — the matching cars are just another page in their story. They share three daughters: Maxima, August, and Aurelia. While Zuckerberg's usual daily driver is reportedly a Cadillac CT5-V Blackwing, his newly customized Cayenne minivan might be the most famous family car on the internet right now.
And if Porsche ever decides it's time to actually build a minivan, they might want to give Zuckerberg a consulting fee.
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Personal Finance

Mark Zuckerberg Says His Wife Wanted a Minivan — So He Designed a Porsche He's 'Pretty Sure Should Exist' And Made It a His-and-Hers Set

Before Amazon changed how the world shops, <a href="https://www.benzinga.com/personal-finance/25/02/43732107/they-wouldnt-let-me-anywhere-near-customers-jeff-bezos-cracked-300-eggs-a-shift-working-at-mcdonalds-during-his-acned-teenager-stage">Jeff Bezos had a very different morning routine</a> — and it didn't involve green juice or high-protein smoothies.
Speaking at <a href="https://youtu.be/Hq89wYzOjfs?si=e1h4kc-6mEY6Y-Td">Summit 2017 in Los Angeles</a>, Bezos recalled the years before Amazon's launch when he would routinely eat an entire can of Pillsbury biscuits for breakfast, sometimes adding butter on top.
"I had never read a nutrition label in my life," Bezos admitted during the interview, sitting alongside his brother, Mark Bezos. "I ate what tasted good to me."
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At the time of the interview, Bezos was already in great shape — but he was reflecting back on the early 1990s, before Amazon was even an idea. For a few years, he stuck to the same breakfast ritual without ever thinking twice.
Then came MacKenzie Scott.
After they married, she watched him go through the same routine every morning for about three months. One day, she finally said, "Do you know what's in that?"
They ended up reading the ingredients together and had a long discussion about it. After that conversation, Bezos stopped eating the biscuits. Mark joked during the interview that he was just glad Jeff survived it.
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At the time, nutrition wasn't exactly top of mind. Bezos's focus was speed, efficiency, and saving brainpower for bigger challenges — the same no-frills mentality that would soon drive Amazon's early, relentless expansion.
As Amazon scaled up, so did Bezos's appetite for the unfamiliar — literally and figuratively.
In a story reported by <a href="https://www.geekwire.com/2014/jeff-bezos-octopus-breakfast/">GeekWire</a>, detailing an excerpt from <a href="https://www.dmagazine.com/publications/d-magazine/2014/july/matt-rutledge-woot-has-a-new-deal-mediocre-corporation/">D Magazine's profile of Matt Rutledge</a>, Bezos met with Woot founder Rutledge for breakfast after Amazon acquired Woot for $110 million in 2010. When it came time to order, Bezos chose Mediterranean octopus.
When Rutledge asked why Amazon had bought Woot, Bezos reportedly answered:
"You're the octopus that I'm having for breakfast. When I look at the menu, you're the thing I don't understand, the thing I've never had. I must have the breakfast octopus."
The comment wasn't just colorful — it revealed Bezos's philosophy about business: seek out what you don't yet understand, embrace what others might find odd, and invest where others hesitate.
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That same thinking helped Amazon move beyond books and into everything from cloud computing to groceries, creating a company that would eventually touch almost every corner of modern life.
Bezos's willingness to explore unfamiliar territory, take calculated risks, and bet long-term helped him become the richest man in the world for several years. Today, he <a href="https://www.benzinga.com/25/04/44857928/jeff-bezos-sells-seattle-mansion-for-record-63-million-after-move-to-floridas-billionaire-bunker">remains one of the wealthiest and most influential figures</a> in business.
His personal life reflects that same evolution.
Gone are the biscuit breakfasts. In his 60s, Bezos works out nearly every day with celebrity trainer Wes Okerson, focusing on strength training, low-impact cardio, and outdoor sports like paddleboarding. His body fat percentage is reportedly around 12% to 14%, and <a href="https://www.benzinga.com/general/entertainment/25/03/44550460/jeff-bezos-italian-wedding-guest-list-and-plans-kim-kardashian-donald-trump-bill-gates-oprah-winfrey-get-reported-invites">his fiancée, Lauren Sanchez</a>, often jokes that he's a "monster" in the gym.
From biscuits to breakfast octopus to barbells, Bezos's journey shows that transformation — in life and in business — often starts by paying attention to what you once ignored.
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Photo: Shutterstock

Billionaire Jeff Bezos Ate a Can of Pillsbury Biscuits Every Morning Until His Wife Stepped In — 'I Had Never Read a Nutrition Label in My Life'

President Donald Trump deflects blame for the U.S. economy's 0.3% contraction in the first quarter onto his predecessor, despite clear evidence indicating otherwise.
What Happened: On Wednesday, Trump posted on Truth Social, blaming former President Joe Biden for the country&#8217;s Gross Domestic Product (GDP) contracting by 0.3% during the first quarter. This marks the first GDP contraction for the country in three years.
Trump, who assumed office on Jan. 20, 2025, claimed in the post that &#8220;This is Biden's stock market, not Trump's,&#8221; and insisted the contraction &#8220;has nothing to do with the tariffs.&#8221;
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="602" height="295" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30223919/Screenshot-2025-05-01-at-11.38.55.png" alt="" class="wp-image-896078" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30223919/Screenshot-2025-05-01-at-11.38.55.png 602w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30223919/Screenshot-2025-05-01-at-11.38.55-300x147.png 300w" sizes="(max-width: 602px) 100vw, 602px" /></figure>
Screenshot from Donald Trump&#8217;s Truth Social Account
He further predicts a boom once tariffs take effect, saying they would drive companies to relocate to the U.S. in record numbers, but argued the economy must first shake off the Biden-era &#8220;overhang.&#8221;
That claim, however, contradicts <a href="https://www.bea.gov/sites/default/files/2025-04/hist1q25-adv.pdf">data</a> from the U.S. Bureau of Economic Analysis, which attributes the first-quarter GDP decline largely to a 41.3% surge in imports. This occurred even as consumer spending slowed to 1.8% growth, down from 4% in the fourth quarter of 2024.
This clearly points towards a pre-tariff import surge, with Robin Brooks of the Brookings Institution saying that the ballooning imports and swelling inventories <a href="https://benzinga.com/economics/macro-economic-events/25/04/45100047/recession-odds-spike-wall-street-tumbles-as-q1-gdp-surprisingly-contracts-be-patient-trump-responds">reflect a widespread effort</a> to front-run the tariffs.
See More: <a href="https://www.benzinga.com/25/04/45123271/us-ukraine-sign-minerals-deal-scott-bessent-says-agreement-is-a-clear-sign-to-russia-that-trump-administration-wants-a-free-and-prosperous-kyiv">US, Ukraine Sign Minerals Deal: Scott Bessent Says Agreement Is A Clear Sign To Russia That Trump Administration Wants A &#8216;Free And Prosperous&#8217; Kyiv</a>
Why It Matters: Several products and commodities have <a href="https://benzinga.com/news/25/04/44656363/stock-up-now-says-mark-cuban-he-warns-that-even-american-made-goods-will-see-price-hikes-soon">seen imports surge</a> in recent weeks, such as in the case of copper last month, with Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) seeing massive stockpiling ahead of the tariffs. 
Others, such as investor Mark Cuban, have repeatedly <a href="https://benzinga.com/25/03/44271394/goldman-sees-copper-imports-frontrunning-tariffs-as-fcx-positions-to-benefit">urged Americans to stock up</a> on essentials, warning that even the prices of American-made goods will soon begin to rise.
Photo courtesy: Rawpixel.com / Shutterstock.com
Read More: <a href="https://www.benzinga.com/personal-finance/25/04/45121496/nearly-4-million-factory-jobs-are-coming-but-gen-z-would-rather-work-in-the-trades-than-the-assembly-line">Nearly 4 Million Factory Jobs Are Coming — But Gen Z Would Rather Work In The Trades Than The Assembly Line</a>

Economics

Trump Blames GDP Contraction On Biden 'Overhang': 'Nothing To Do With The Tariffs'

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), and Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>). 
The Palantir Trade
Ark Invest made a notable move by selling shares of Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) across ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>). The sale involved 19,005 shares in ARKW and 3,375 shares in ARKX. With Palantir&#8217;s stock closing at $118.44, the total value of the shares sold amounted to approximately $2.65 million. Palantir has been in the spotlight due to its recent defense contracts and <a href="https://www.benzinga.com/trading-ideas/movers/25/04/45113101/palantir-stock-is-up-55-ytd-heading-into-earnings-next-week-whats-going-on">upcoming earnings report</a> on May 5. The company has been actively involved in the TITAN program, delivering systems to the U.S. Army, which has contributed to its stock&#8217;s 55% year-to-date increase. 
The AMD Trade
Ark Invest also increased its stake in Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) through ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) and ARKW. The firm purchased 106,769 shares in ARKK and 12,349 shares in ARKW, totaling a value of approximately $11.56 million, with AMD&#8217;s stock closing at $97.35. This move comes amid industry discussions about Huawei&#8217;s development of an AI chip, <a href="https://www.benzinga.com/trading-ideas/movers/25/04/45052912/whats-going-on-with-advanced-micro-devices-stock-monday">potentially challenging competitors</a>. Despite this, AMD continues to be a key player in the semiconductor industry. Notably, Ark has made AMD purchases <a href="https://in.benzinga.com/25/04/45089384/cathie-wood-bets-against-mark-zuckerbergs-meta-ahead-of-crucial-earnings-report-loads-up-on-this-amazon-rival">throughout this week</a> so far. The company loaded up on $3.79 million worth of shares on Monday and another $747,923 worth on Tuesday.
The Shopify Trade
Ark Invest&#8217;s purchase of 12,632 shares of Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) through its ARKW ETF reflects a strategic investment in the e-commerce sector. With SHOP&#8217;s stock closing at $95.00, the transaction was valued at approximately $1.2 million. Shopify faces new challenges due to <a href="https://www.benzinga.com/markets/25/04/44640798/trump-ends-de-minimis-exemptions-shopify-bigcommerce-and-lightspeed-face-new-headwinds">changes in trade policies</a>, impacting e-commerce platforms. Despite these headwinds, Shopify remains a significant player in the digital commerce landscape. 
Other Key Trades:
<ul>
<li>CRISPR Therapeutics AG (CRSP) &#8211; Sold 354,188 shares in ARKK.</li>
<li>Pacific Biosciences of California Inc. (PACB) &#8211; Bought 345,607 shares in ARKK.</li>
<li>10X Genomics Inc. (TXG) &#8211; Bought 184,619 shares in ARKK.</li>
<li>Kratos Defense and Security Solutions Inc. (KTOS) &#8211; Sold 75,284 shares in ARKQ and 7,842 shares via ARKX.</li>
<li>Caterpillar Inc. (CAT) &#8211; Bought 6,933 shares in ARKQ.</li>
</ul>
Benzinga Edge Stock Rankings places Palantir Momentum in the 99th percentile and Growth in the 86th percentile. How do other potent rivals compare? Find out here.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="803" height="105" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30215237/Screenshot-2025-05-01-at-10.40.03.png" alt="" class="wp-image-896057" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30215237/Screenshot-2025-05-01-at-10.40.03.png 803w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30215237/Screenshot-2025-05-01-at-10.40.03-300x39.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/30215237/Screenshot-2025-05-01-at-10.40.03-768x100.png 768w" sizes="(max-width: 803px) 100vw, 803px" /></figure>
Photo Courtesy: Ira Lichi on Shutterstock.com
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKK

ARKW

ARKX

CRSP

KTOS

PACB

PLTR

SHOP

Cathie Wood Sells Palantir Shares Worth $2.65 Million Ahead Of Earnings, Doubles Down On This Chip Giant

Leading cryptocurrencies were muted on Wednesday even as negative GDP growth stoked recession concerns.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.26%</td>
<td>$94,289.48</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.62%</td>
<td>$1,796.30</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.73%</td>
<td>$0.1728</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin tumbled below $92,000 in the early trading hours on first-quarter GDP contraction but eventually recovered to the mid-$94,000s by evening.
Ethereum followed a similar pattern, reversing early losses with the evening push.
Bitcoin was set to end April with gains of over 14%, a marked reversal from the 14% decline in the same period last year. Ethereum, on the other hand, dipped 1.22% in April.
About $343 million was liquidated from the cryptocurrency market in the last 24 hours, with long liquidations accounting for over $211 million
Bitcoin&#8217;s Open Interest fell 0.69% in the last 24 hours, although April saw a healthy 18% jump in money invested in its derivatives. Meanwhile, more than 50% of Binance traders with open BTC positions were bearish on the asset.
The market sentiment flipped from "Greed" to "Neutral," according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Virtuals Protocol (VIRTUAL)</td>
<td>+13.19%</td>
<td>$1.55</td>
</tr>
<tr>
<td>Curve DAO Token (CRV)</td>
<td>+10.80%</td>
<td>$0.7273</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+8.72%</td>
<td>$1.23</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.95 trillion, following a modest drop of 0.27% in the last 24 hours.
Major stock averages ended in the green on Wednesday. The Dow Jones Industrial Average gained 141.74 points, or 0.35%, to end at 40,669.36. The S&amp;P 500 added 0.15% to close at 5,569.06. The tech-heavy Nasdaq Composite was the outlier, closing 0.09% lower at 17,446.34.
Wall Street saw volatility on Wednesday after <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45100047/recession-odds-spike-wall-street-tumbles-as-q1-gdp-surprisingly-contracts-be-patient-trump-responds">first-quarter GDP</a> contracted by 0.3%, fueling fears of a recession. Moreover, private employers added 62,000 jobs in April, the lowest since July 2024 and well below predictions of 108,000
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm CryptoQuant highlighted the new all-time high in Bitcoin's realized capitalization, at over $880 billion.
"Historically, large accumulations of realized capitalization have been mostly followed by considerable price increases in Bitcoin," CryptoQuant stated. It added that the price could see an "explosion" if the accumulations continue.
Realized capitalization measures the total acquisition cost of all coins in circulation, as opposed to the market capitalization, which uses the current price.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">New All-Time Highs in Bitcoin&#39;s Realized Capitalization "Historically, large accumulations of Realized Capitalization have been mostly followed by considerable price increases in Bitcoin." – By <a href="https://twitter.com/oro_crypto?ref_src=twsrc%5Etfw">@oro_crypto</a> <a href="https://t.co/h1sVVasdwU">pic.twitter.com/h1sVVasdwU</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1917498394354110678?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cryptocurrency analyst and trader Ali Martinez identified $95,870 as a significant level for Bitcoin, with a breach potentially sparking a run to new all-time highs.
"If Bitcoin breaks and holds above $95,870, the next key target, based on the MVRV Pricing Bands, is $114,230," Martinez projected.
MVRV, a shorthand for Market Value to Realized Value, is a ratio used to assess the value of a cryptocurrency by comparing its current market value to its realized value.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> breaks and holds above $95,870, the next key target, based on the MVRV Pricing Bands, is $114,230. <a href="https://t.co/iKPJvVaUtA">pic.twitter.com/iKPJvVaUtA</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1917640846624563245?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: Wirestock Creators On Shutterstock.com
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45106306/inside-donald-trumps-plan-to-become-the-bitcoin-superpower">Inside Donald Trump&#8217;s Plan To Become The &#8216;Bitcoin Superpower&#8217;</a></li>
</ul>

Movers

Trading Ideas

Bitcoin, Ethereum Muted, Dogecoin Dips After Q1 GDP Contraction: Analyst Foresees BTC's Rally To $114,000 If It Breaks This Ceiling

Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) board reportedly began searching for a successor to Elon Musk after the company faced significant financial setbacks.&nbsp;
What Happened: About a month ago, the board reached out to executive search firms to formalize a process for selecting a new CEO, <a href="https://www.wsj.com/business/autos/tesla-musk-ceo-search-board-0ce61af9?mod=e2tw">reported</a> the Wall Street Journal on Wednesday, citing people familiar with the discussion.
Musk, who has led Tesla for nearly two decades, was reportedly spending considerable time in Washington, D.C., assisting with the Department of Government Efficiency under President Donald Trump.
Musk did not push back, the report said, and the board told him he needed to devote more time to Tesla and publicly commit to doing so.
Tesla did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
See Also: <a href="https://www.benzinga.com/25/04/45031652/trumps-ai-and-crypto-czar-david-sacks-says-musk-isnt-out-of-doge-just-rationing-his-time-at-the-department-as-tesla-stock-surges-24-in-the-past-five-days">Trump&#8217;s AI And Crypto Czar David Sacks Says Elon Musk Going To &#8216;Stay Involved&#8217; In DOGE, Calls Entrepreneur Rationing His Time Sensible</a>
Why It&#8217;s Important: Tesla reported <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">first-quarter revenue</a> of $19.34 billion, marking a 9% decline compared to the previous year. This figure fell short of the Street&#8217;s consensus estimate of $21.35 billion.
During the earnings call, <a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">Musk announced</a>, "Starting probably next month, in May, my time allocation to DOGE will drop significantly."
On Wednesday, Alexandra Merz, who is <a href="https://www.benzinga.com/news/24/03/37474203/elon-musk-thanks-tesla-shareholders-after-they-write-to-delaware-court-against-voiding-his-56b-pay-p">one of Tesla&#8217;s shareholders</a>, took to X, formerly Twitter, and said, Tesla filed an amendment to its annual 10-K, providing details about board and executive compensation, rather than the anticipated proxy statement with shareholder meeting dates and agendas.
This suggests a potential delay in the meeting.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So, instead of the proxy with dates and details of the shareholder meeting, we got the amendment to the annual 10k filing, now giving us the details on Board and executives and their remuneration. Two take-aways: 1. Shareholder Meeting delayed, something big might be coming. 2.… <a href="https://t.co/ZwCVBO0U03">https://t.co/ZwCVBO0U03</a>
&mdash; Ale&#120143;andra Merz &#x1f1fa;&#x1f1f2; (@TeslaBoomerMama) <a href="https://twitter.com/TeslaBoomerMama/status/1917746277900583287?ref_src=twsrc%5Etfw">May 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In the filing, Tesla stated, &#8220;The Board of Directors has not yet established the date of the 2025 annual meeting of shareholders. When the date is established, the Company will announce it in its filings made with the SEC.&#8221;
Price Action: During Wednesday's regular session, Tesla shares fell by 3.38%, but showed a slight rebound in after-hours trading, rising by 0.13%. Year-to-date, the stock is still down 25.61%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
As per Benzinga Edge Stock Rankings, Tesla currently holds a growth score of 45.33%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against other companies</a> in the sector.
Photo Courtesy: Frederic Legrand &#8211; COMEO On Shutterstock.com
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/04/44941657/elon-musk-equates-car-ownership-in-future-to-riding-a-horse-while-using-a-flip-phone-pierre-ferragu-says-teslas-iphone-moment-hinges-on-full-autonomy" target="_blank" rel="noreferrer noopener">Elon Musk Equates Car Ownership In Future To Riding A Horse While Using A Flip Phone — Pierre Ferragu Says Tesla's ‘iPhone Moment' Hinges On Full Autonomy</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Board Explored Replacing Elon Musk As Tesla CEO A Month Ago: Report

Following a U.S. court ruling that found Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) violated the spirit of an injunction against <a href="https://www.benzinga.com/general/gaming/24/08/40423388/epic-games-mobile-store-goes-live-in-europe-ceo-says-apple-had-to-be-challenged">anti-steering practices</a>, Epic Games, backed by Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), has offered to bring Fortnite back to the App Store if the tech giant fulfills this one condition.
What Happened: On Wednesday, Judge Yvonne Gonzalez Rogers ordered Apple to cease collecting commissions on purchases made outside its App Store and to stop blocking developers from linking to alternative payment methods, <a href="https://appleinsider.com/articles/25/05/01/fortnite-could-return-to-apple-app-store-if-apple-accepts-epic-peace-proposal">reported</a> AppleInsider.
Epic Games CEO Tim Sweeney extended a striking offer to Apple via X after the court decision.
See Also: <a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price">Meta CEO Mark Zuckerberg Says AI Won&#8217;t Just Be About Free Tools And Ads — Some People Will Pay A Fortune To Deploy Armies Of Digital Workers</a>
&#8220;If Apple extends the court&#8217;s friction-free, Apple-tax-free framework worldwide, we&#8217;ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic,&#8221; he stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We will return Fortnite to the US iOS App Store next week. Epic puts forth a peace proposal: If Apple extends the court&#39;s friction-free, Apple-tax-free framework worldwide, we&#39;ll return Fortnite to the App Store worldwide and drop current and future litigation on the topic. <a href="https://t.co/bIRTePm0Tv">https://t.co/bIRTePm0Tv</a>
&mdash; Tim Sweeney (@TimSweeneyEpic) <a href="https://twitter.com/TimSweeneyEpic/status/1917716512347152499?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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's Important: To meet Epic's conditions, Apple would need to stop earning revenue from any purchases made outside the App Store worldwide and lift its restrictions on external payment links, the report said.
Doing so could lead to a noticeable reduction in Apple's lucrative commission income. Fortnite would be free to download, and Apple would receive no revenue from it beyond the standard $100 annual developer fee.
On Thursday, Apple could post <a href="https://www.benzinga.com/25/04/45117801/apple-q2-earnings-preview-analysts-remain-bullish-with-caution-of-tariff-tornado-hitting-iphone">stronger-than-expected results</a> for its iPhone business and performance in China when it releases its second-quarter earnings. Wall Street expects the tech giant to report $94.42 billion in revenue for the quarter, up from $90.75 billion during the same period last year.
Price Action: Apple shares have fallen 12.86% year-to-date in 2025 but are still up 24.76% over the past 12 months. On Wednesday, the stock rose 0.61% during regular trading but slipped 1.65% after hours, closing at $209, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
In Benzinga Edge's Stock Rankings, Apple earns a growth score of 44.64% and a momentum score of 74.99%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to other top tech stocks</a>.
Photo Courtesy: Tada Images on Shutterstock.com
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/personal-finance/24/07/39842841/charlie-munger-said-getting-rich-is-harder-than-ever-but-heres-the-beauty-of-it-you-only-have-to" target="_blank" rel="noreferrer noopener">Charlie Munger Said Getting Rich Is Harder Than Ever, But Here's ‘The Beauty Of It' — You Only Have To Do It Once</a></li>
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

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Apple Ordered To Ease App Store Rules In US — Epic Games CEO Tim Sweeney Proposes Peace Deal, Saying 'We'll Return Fortnite' And Drop All Litigation Only If...

Peter Lynch, former manager of the Fidelity Magellan Fund and one of the most respected investors of the 20th century, once confessed that his greatest investing error was selling successful stocks too early.&nbsp;
What Happened: An X user shared an extract from the 2017 Forbes India Collectors Edition, in which Lynch described a surprising phone call he received decades earlier.
"My daughter picks up the phone and says, ‘It's Mr. Buffett on the line,'" Lynch wrote. "And I pick up the phone and I hear, ‘This is Warren Buffett from Omaha, Nebraska.'"
Lynch said Warren Buffett was calling to ask permission to quote a line from his book "One Up On Wall Street" in his <a href="https://www.benzinga.com/markets/equities/24/12/42666459/warren-buffett-once-called-berkshire-the-opposite-of-those-who-hurry-to-sell-now-hes-offloading-apple-and-snapping-up-occidental-petroleum-amid-a-20-drop">year-end shareholder letter</a>.
See Also: <a href="https://www.benzinga.com/personal-finance/25/03/44287485/peter-lynch-said-theres-always-something-to-worry-about-but-success-in-the-stock-market-depends-on-your-stomach-not-the-brain">Peter Lynch Said There&#8217;s Always Something to Worry About—But Success in the Stock Market Depends on Your &#8216;Stomach, Not The Brain&#8217;</a>
The quote Buffett wanted? "Selling your winners and holding your losers is like cutting the flowers and watering the weeds."
"That one line he picked up in my whole book has been the greatest mistake," Lynch admitted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Warren Buffett talking to Peter Lynch: <a href="https://t.co/SkQSWa3aJd">pic.twitter.com/SkQSWa3aJd</a>
&mdash; Brian Feroldi (@BrianFeroldi) <a href="https://twitter.com/BrianFeroldi/status/1914440181295276263?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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's Important: According to Celebrity Net <a href="https://www.celebritynetworth.com/richest-businessmen/wall-street/peter-lynch-net-worth/">Worth</a>, Lynch currently has a net worth of around $450 million. Buffett, on the other hand, is ranked fourth on Bloomberg's Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a> with a net worth of $167 billion.
Lynch isn't the only prominent figure to reflect on missed gains from selling too early. Several high-profile investors and tech leaders have voiced similar regrets.
Bill Gates once called Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) decision to sell its early stake in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) "foolish."&nbsp;
In 1997, Microsoft invested $150 million in the struggling rival, acquiring roughly 5% of the company. By 2003, it had exited the position for around $550 million—a sizable return at the time, but a fraction of what that stake would be worth today.
Masayoshi Son, founder of SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTCL: SFTBY), also admitted to a major misstep in unloading shares of chipmaker Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Son sold SoftBank's stake after a modest gain, missing out on the stock's meteoric rise in the AI boom.
Even in the crypto world, David Schwartz, chief technology officer at Ripple, revealed he sold 40,000 Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) at just $1.05 each, netting around $40,000 to buy solar panels. At today's prices, that decision cost him millions.
Schwartz has since called the move one of his biggest financial regrets.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo Courtesy: Shutterstock.com
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<li><a href="https://www.benzinga.com/markets/25/02/43581581/peter-lynchs-timeless-advice-when-the-markets-going-down-and-you-buy-funds-wisely-at-some-point-in-the-future-you-will-be-happy">Peter Lynch&#8217;s Timeless Advice: &#8216;When the Market&#8217;s Going Down and You Buy Funds Wisely, at Some Point in the Future You Will Be Happy&#8217;</a></li>
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

MSFT

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SFTBF

SFTBY

Peter Lynch Once Revealed Existence Of A One Liner So Loved By Warren Buffett That The Oracle Of Omaha Called Him To Borrow It: 'The One Line He Picked…Has Been The Greatest Mistake'

The United States and Ukraine have entered into an agreement to jointly invest in Ukraine&#8217;s mineral resources, oil, and gas sectors. This move reportedly fulfills a key request from the White House and provides crucial support to Ukraine.
What Happened: The newly established &#8220;United States-Ukraine Reconstruction Investment Fund&#8221; will facilitate collaboration between the two nations to boost Ukraine&#8217;s economic recovery. According to a Washington Post <a href="https://www.washingtonpost.com/">report</a> on Wednesday, Scott Bessent, the U.S. Treasury Secretary, highlighted the agreement&#8217;s importance in demonstrating the U.S. commitment to a free and prosperous Ukraine.
He said, &#8220;This agreement signals clearly to Russia that the Trump Administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term.&#8221;
Yulia Svyrydenko, Ukraine&#8217;s Minister of Economy, emphasized that the agreement reflects the U.S.&#8217;s dedication to Ukraine&#8217;s security and recovery. The document, seen by The Washington Post, underscores a strategic alignment between the countries, though it lacks specific security guarantees.
The agreement notably excludes&nbsp;the Zaporizhzhia nuclear power plant,&nbsp;which was seized by Russia in 2022. U.S. officials have suggested&nbsp;taking control of the plant&nbsp;in a future peace deal. Ukraine&#8217;s initial proposal under President&nbsp;Volodymyr Zelensky&nbsp;was revised after disagreements over security and financial terms.
The latest draft addresses Ukraine&#8217;s concerns about compliance with European Union laws and removes language requiring reimbursement for past U.S. military aid. Despite uncertainties, the deal is seen as a symbolic gesture of support, with private sector investment still needed for Ukraine&#8217;s mineral projects.
Alex Jacquez, a senior Biden-era minerals official, said that while Ukraine has deposits of a &#8220;variety of critical minerals&#8221; their valuation was largely imaginary.
&#8220;There is a reason few of these mining projects are actually being developed outside of China — under current economic conditions, it makes little sense for investors,&#8221; said Jacquez.
See Also: <a href="https://benzinga.com/25/04/45088889/mike-pence-says-trump-comeback-unrivaled-in-modern-american-history-but-only-return-to-values-of-first-term-will-" target="_blank" rel="noreferrer noopener">Mike Pence Says Trump Comeback &#8216;Unrivaled&#8217; In Modern American History But Only Return To Values Of First Term Will Ensure President&#8217;s Legacy</a>
Why It Matters: The agreement comes at a time when Ukraine&#8217;s recovery is heavily reliant on sustainable investment. Experts have called for a&nbsp;<a href="https://www.benzinga.com/government/regulations/25/03/44463509/ukraines-recovery-depends-on-sustainable-investment-experts-call-for-trilateral-minerals-deal">trilateral minerals deal</a>&nbsp;involving the U.S. and the European Union to secure Ukraine's critical mineral assets. Such a partnership could enhance supply chain security and provide geopolitical stability.
Additionally, the deal follows a period of tension between the U.S. and Ukraine. President Donald Trump previously expressed dissatisfaction with Zelenskyy after a <a href="https://in.benzinga.com/25/03/44064917/trump-says-ukraines-zelensky-is-not-ready-for-peace-after-oval-office-spat-he-disrespected-the-united-states-of-america">contentious meeting</a> at the White House, highlighting ongoing challenges in U.S.-Ukraine relations. Despite these challenges, the finalized agreement marks a step forward in economic collaboration.
Photo Courtesy: LanKS on Shutterstock.com
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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US, Ukraine Sign Minerals Deal: Scott Bessent Says Agreement Is A Clear Sign To Russia That Trump Administration Wants A 'Free And Prosperous' Kyiv

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

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SCI stock has given up its prior gain. Service Corp International shares were trading higher after the company reported better-than-expected Q1 financial results and issued FY25 adjusted EPS guidance with its midpoint above estimates.

OMF stock has given up its prior loss. OneMain Holdings shares were trading lower on possible continued weakness after the company reported a Q1 sales miss on Tuesday.

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) has outperformed the market over the past 15 years by 15.6% on an annualized basis producing an average annual return of 26.79%. Currently, Comfort Systems USA has a market capitalization of $14.02 billion. 
Buying $100 In FIX: If an investor had bought $100 of FIX stock 15 years ago, it would be worth $3,285.54 today based on a price of $397.55 for FIX at the time of writing.
<h3>Comfort Systems USA's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746054013_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.

$100 Invested In This Stock 15 Years Ago Would Be Worth This Much Today

<a href="https://www.cnbc.com/2025/04/30/court-finds-apple-executive-lied-under-oath.html" title="https://www.cnbc.com/2025/04/30/court-finds-apple-executive-lied-under-oath.html">https://www.cnbc.com/2025/04/30/court-finds-apple-executive-lied-under-oath.html</a>

'Court Finds Apple, Executive Lied Under Oath In Epic Games Trial' - CNBC

Barclays analyst Trevor Young maintains Etsy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>) with a Equal-Weight and lowers the price target from $55 to $53.

Price Target

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ETSY

Barclays Maintains Equal-Weight on Etsy, Lowers Price Target to $53

Barclays analyst Brandon Oglenski maintains XPO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) with a Overweight and lowers the price target from $135 to $125.

Barclays Maintains Overweight on XPO, Lowers Price Target to $125

Barclays analyst George Wang maintains Garmin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>) with a Underweight and lowers the price target from $188 to $152.

GRMN

Barclays Maintains Underweight on Garmin, Lowers Price Target to $152

Press Releases

Faraday Future's Global President, Jerry Wang, Delivers Remarks at the Jones Technology and Innovation Conference Held in Las Vegas

Faraday Future Hosts First Exclusive FX Developer Co-Creation Event, Featuring FX Prototype Mule Test Rides at its Los Angeles Headquarters

Faraday Future Announces That It Resolutely Opposes a Reverse Stock Split, Is Committed to Maintaining Nasdaq Listing

Faraday Future Timely Announces the Upcoming Annual General Meeting per Nasdaq Compliance Requirement, Enhances the Strategic Execution of FF and FX Through Key Proposals

Faraday Future and Faraday X Recently Joined a Business Roundtable at the White House in Washington, D.C., Where FX CEO, Max Ma, Contributed to Key Discussions on Global Tariffs, U.S. Manufacturing and Innovation

Faraday Future Announces 'FF Stockholder Community and FX Co-Creation Day' to be Held in Los Angeles on April 24

Faraday Future Reminds Stockholders to Register for the Upcoming FF Stockholder Community & FX Developer Co-Creation Day on April 24

Faraday Future Announces that Company Founder YT Jia is Appointed Co-CEO of FF, Targeting Tens of Thousands of FX Units to Be Sold Within Two Years of Production.

Faraday Future Receives Powerful Endorsements from California Politicians Supporting FF's Global Automotive Bridge Strategy, the FX Brand and Company Founder YT Jia's Appointment as Co-CEO of FF

FF Signs First B2B Pre-order Agreement for 1,000 Units of FX Super One, Achieving Initial Success in Global Automotive Industry Strategy

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