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Flora Growth

Flora Growth Corp is a multi-national cannabis company that manufactures and distributes consumer packaged goods, cultivates and distributes medicinal cannabis, and distributes pharmaceutical products. Its reportable segments are: the commercial and wholesale segment (FGH and Cosechemos subsidiaries) and the house of brands segment (JustCBD, Vessel, and Kasa Wholefoods Company subsidiaries). Geographically, the company generates revenue from the United States, Germany, Australia, and the United Kingdom. It generates revenue as a distributor of pharmaceutical goods, and a manufacturer and reseller of a range of cannabis-based and complementary products.

Flora Growth Corp

Demis Hassabis, CEO of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google&#8217;s DeepMind, believes that while AI is displacing certain jobs, it will also create new, &#8220;very valuable&#8221; roles, particularly for those adept at leveraging emerging technologies.
What Happened: Speaking at SXSW London, the former Nobel prize awardee emphasized that AI&#8217;s impact will surpass that of the Industrial Revolution, but he remains optimistic due to humanity&#8217;s adaptability. He noted that over the next five to ten years, AI will &#8220;supercharge&#8221; technically savvy individuals who are at the forefront of using these technologies.
According to a report by Business Insider, Hassabis <a href="https://www.businessinsider.com/demis-hassabis-google-deemind-study-future-jobs-ai-2025-6">highlighted</a> that today&#8217;s children will grow up &#8220;AI native,&#8221; similar to how previous generations adapted to the internet. He advised students to focus on STEM subjects such as mathematics, physics, and computer science to understand the fundamentals of AI systems.
Additionally, he recommended that individuals experiment with the latest AI tools to discover innovative applications and use cases, stating, &#8220;I&#8217;d also be experimenting with all the latest AI systems and tools and seeing what&#8217;s the best way of utilising them and making use of them in useful and novel ways.&#8221;
See also: <a href="https://www.benzinga.com/markets/tech/25/06/45739130/elon-musks-tesla-defies-european-slump-with-norway-sales-growth-in-may-model-y-comes-to-the-rescue">Elon Musk&#8217;s Tesla Defies European Slump With Norway Sales Growth In May: Model Y Comes To The Rescue</a>
Despite the current job market shifts, with companies like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Alphabet Inc. using AI to automate tasks like coding, Hassabis remains optimistic about AI&#8217;s potential. He predicts that Artificial General Intelligence (AGI), AI with capabilities equal to or exceeding human intelligence, <a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar">could arrive</a> by around 2030.
Why It Matters: Several prominent voices share Hassabis's optimism about AI's potential to create new jobs. Meta CEO Mark Zuckerberg envisions AI evolving into a &#8220;<a href="https://www.benzinga.com/tech/25/05/45338301/zuckerberg-foresees-tech-industry-revolution-with-ai-an-ai-that-can-effectively-be-a-sort-of-midlevel-engineer">midlevel engineer</a>&#8221; capable of writing code, enabling small, talent-dense teams to develop high-quality products. He believes this transformation will lead to a tech industry revolution, urging startups to adapt and harness AI&#8217;s capabilities.
Mark Cuban believes AI will <a href="https://www.benzinga.com/news/25/05/45691457/mark-cuban-claps-back-at-anthropic-ceo-dario-amodeis-ai-job-loss-warning-new-companies-with-new-jobs">create more jobs</a> too, recently hitting back at Anthropic CEO Dario Amodei‘s warning that people should be &#8220;worried&#8221; about the AI age. Meanwhile, Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang believes students should already try and harness what they can from AI to help <a href="https://www.benzinga.com/tech/25/05/45485072/if-i-were-a-student-today-heres-how-id-use-ai-to-do-my-job-better-says-nvidia-ceo">improve career prospects</a> and productivity.
According to&nbsp;Benzinga Edge Stock Rankings, Alphabet has received a growth score of 88.54%.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to see how it stacks up against the likes of Apple</a>. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="149" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03041250/goog-edge-1-1024x149.png" alt="" class="wp-image-936220" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03041250/goog-edge-1-1024x149.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03041250/goog-edge-1-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03041250/goog-edge-1-768x112.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03041250/goog-edge-1.png 1442w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45739051/tsmc-ceo-admits-trump-tariffs-have-some-impact-on-chipmaker-but-demand-consistently-outpacing-supply-thanks-to-ai">TSMC CEO Admits Trump Tariffs Have &#8216;Some Impact&#8217; On Chipmaker But Demand &#8216;Consistently Outpacing&#8217; Supply Thanks To AI</a></li>
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Photo courtesy: JHVEPhoto / Shutterstock.com

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NVDA

Google's Demis Hassabis Says AI Natives Have 'Very Valuable' Jobs Waiting For Them, But They Need To Study These Subjects At School

<h3>Companies Reporting Before The Bell</h3>
• NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) is likely to report quarterly loss at $0.22 per share on revenue of $1.71 billion. 
• National Energy Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NESR#NASDAQ">NESR</a>) is projected to report earnings for its first quarter. 
• Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $570.27 million. 
• Citi Trends (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTRN#NASDAQ">CTRN</a>) is expected to report quarterly loss at $0.26 per share on revenue of $193.28 million. 
• Ferguson Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) is likely to report quarterly earnings at $2.29 per share on revenue of $7.45 billion. 
• Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) is estimated to report quarterly earnings at $1.27 per share on revenue of $1.54 billion. 
• Dollar General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) is estimated to report quarterly earnings at $1.46 per share on revenue of $10.25 billion. 
• Donaldson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) is likely to report quarterly earnings at $0.96 per share on revenue of $960.74 million. 
<h3>Companies Reporting After The Bell</h3>
• Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $113.64 million. 
• Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $279.91 million. 
• Sportsman's Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) is expected to report quarterly loss at $0.47 per share on revenue of $238.25 million. 
• Mama's Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $32.74 million. 
• CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) is estimated to report quarterly earnings at $0.96 per share on revenue of $1.11 billion. 
• Couchbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) is estimated to report earnings for its first quarter. 
• Hewlett Packard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $7.92 billion. 
• HealthEquity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $320.41 million. 
• Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) is projected to report quarterly earnings at $0.02 per share on revenue of $185.47 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ASAN

BASE

CRWD

CTRN

FERG

GWRE

MAMA

NESR

OLLI

SPWH

YEXT

Earnings Scheduled For June 3, 2025

Chipmaker Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) may have carved out a lead for itself in AI that is nearly impossible to dislodge, according to a former Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) engineer, who believes that the latter might still have an upper hand across a few niche areas.
What Happened: On Monday, AlphaSense, an expert network that connects investors with subject-matter experts, shared the call transcript of one such conversation between an analyst and an ex-AMD engineer.
The expert in the call outlined the reasons Nvidia&#8217;s dominance in AI seems unassailable, and it has to do with what&#8217;s currently being taught to students at the university level.
According to the expert, universities are training students on Nvidia's software, making its tools and libraries the default. See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45739051/tsmc-ceo-admits-trump-tariffs-have-some-impact-on-chipmaker-but-demand-consistently-outpacing-supply-thanks-to-ai">TSMC CEO Admits Trump Tariffs Have &#8216;Some Impact&#8217; On Chipmaker But Demand &#8216;Consistently Outpacing&#8217; Supply Thanks To AI</a>
They credit this to the company&#8217;s early and aggressive investment in AI tooling, leaving it with such a deeply entrenched software dominance that newer entrants and even established rivals like AMD might struggle to match.
&#8220;Nvidia was investing extremely heav[ily]… 20 years ago, on AI and large language models,&#8221; the expert said. &#8220;You could almost call it throwing away money at the time.&#8221;
This strategy, they note, has since paid off, with Nvidia now having what they call an &#8220;unassailable tool flow and library for all things AI.&#8221;
Yet, they highlighted certain meaningful strengths of AMD, particularly in the realm of robotics. Unlike Nvidia's top-down strategy focused on high-level processing, AMD has built credibility in low-level motor control and embedded systems, they say. 
In fact, companies like Intuitive Surgical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) and ABB Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ABBNY#OTC">ABBNY</a>) have both publicly endorsed AMD for its contributions to real-time robotics tasks. 
While Nvidia dominates in vision AI and large-scale inference, areas crucial to humanoid robotics and LLM applications, AMD's bottom-up capabilities position it well in industrial and healthcare robotics, where power efficiency and real-time control matter more than raw GPU horsepower, according to the expert.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Former <a href="https://twitter.com/search?q=%24AMD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMD</a> employee shares his view on the positioning of <a href="https://twitter.com/search?q=%24AMD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMD</a> and <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> in the robotics industry: &#8211; According to the expert, AMD is heavily involved in many subsystems that make up robotics systems. <a href="https://twitter.com/search?q=%24AMD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMD</a> grew from the bottom up, in contrast to <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a>, which, according to the… <a href="https://t.co/iJE0GAq8HC">pic.twitter.com/iJE0GAq8HC</a>
&mdash; AlphaSense (@AlphaSenseInc) <a href="https://twitter.com/AlphaSenseInc/status/1929561262712832286?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: According to recent reports, AMD is <a href="https://www.benzinga.com/25/05/45550527/amd-takes-on-nvidia-stock-with-direct-shot-at-gpus-reviewer-says-rx-9060-could-hit-the-bullseye">catching up with Nvidia</a> in the GPU race rather quickly, with new products that offer considerably more bang for the buck, or as one reviewer called it, &#8220;15% better gaming performance per dollar,&#8221; relative to Nvidia&#8217;s 5060 Ti.
Tech giants, such as Elon Musk&#8217;s xAI, too, have committed to buying many GPUs from Nvidia in the months to come, along with &#8220;some from AMD.&#8221;
Price Action: AMD shares were up 3.52% on Monday, trading at $114.63, while Nvidia shares traded at $137.38, up 1.37%. Both stocks are flat after hours, up 0.11% and 0.01%, respectively.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022201/Screenshot-2025-06-03-at-11.51.47-AM-1024x138.png" alt="" class="wp-image-936043" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022201/Screenshot-2025-06-03-at-11.51.47-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022201/Screenshot-2025-06-03-at-11.51.47-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022201/Screenshot-2025-06-03-at-11.51.47-AM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022201/Screenshot-2025-06-03-at-11.51.47-AM-1536x207.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03022201/Screenshot-2025-06-03-at-11.51.47-AM.png 1614w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Nvidia ranks well on Momentum and Growth according to Benzinga&#8217;s Edge Stock Rankings, while having a favorable price trend in the short, medium, and long term. How does it compare with Nvidia? Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> to find out. 
Photo Courtesy: Hepha1st0s On Shutterstock.com
Read More:
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<li><a href="https://www.benzinga.com/news/social-media/25/06/45738963/elon-musks-xai-targets-113-billion-valuation-with-300-million-share-sale-report">Elon Musk&#8217;s xAI Targets $113 Billion Valuation With $300 Million Share Sale: Report</a></li>
</ul>

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ISRG

Nvidia's 20-Year AI Bet Creates 'Unassailable' Moat, Warns Ex-AMD Engineer

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) on Monday completed its $200 million acquisition of Bitstamp Ltd., one of the longest-running global exchanges facilitating 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/btc/usd">BTC</a>) and other cryptocurrency trading for both retail and institutional investors.
What Happened: The deal brings Bitstamp&#8217;s over 50 active global licenses and registrations to Robinhood&#8217;s platform. As of April 30, Bitstamp served over 500,000 funded retail customers and approximately 5,000 institutional customers, with exchange volume predominantly institutional-focused.
Bitstamp generated total net revenues of approximately $95 million over the last twelve months ending April 30. Robinhood expects the acquisition to be roughly Adjusted EBITDA neutral immediately following close and accretive within 12 months.
For the remaining seven months of 2025, Robinhood anticipates recording approximately $65 million in Bitstamp-related costs, primarily driven by business operations, integration expenses, and purchase price amortization.
CEO Vlad Tenev announced the completion via social media, while Robinhood Crypto General Manager Johann Kerbrat called it &#8220;a major milestone in growing Robinhood Crypto,&#8221; noting the partnership brings customers across the EU, UK, U.S. and Asia.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business. Our work is just beginning. <a href="https://t.co/VDjGS1KuBb">https://t.co/VDjGS1KuBb</a>
&mdash; Vlad Tenev (@vladtenev) <a href="https://twitter.com/vladtenev/status/1929659333220212873?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a>
Why It Matters: Bitstamp is already connected to Robinhood Legend and the company&#8217;s Smart Exchange Routing offering, facilitating integration. The exchange serves institutional customers, with exchange volume mostly institutional-focused.
This deal follows Robinhood&#8217;s recent expansion strategy, including its <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45372870/robinhood-to-acquire-canadas-wonderfi-for-178m-all-cash-deal">$178 million acquisition agreement</a> for Canadian crypto platform WonderFi Technologies Inc. in May, demonstrating the company&#8217;s aggressive push into international crypto markets.
Price Action: Robinhood closed at $67.98 on Monday, up 2.77%. After hours, it rose 0.90% to $68.59. Year to date, the stock is up 72.36%.
According to Benzinga Edge Stock Rankings, Robinhood shows strong momentum and impressive growth, with a low value score indicating premium pricing. However, the stock maintains a positive price trend across the short to long term. Click here to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">view the full stock breakdown</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="886" height="638" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03035108/image-19.png" alt="" class="wp-image-936195" style="width:605px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03035108/image-19.png 886w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03035108/image-19-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03035108/image-19-768x553.png 768w" sizes="(max-width: 886px) 100vw, 886px" /></a></figure>
Read Also:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45739130/elon-musks-tesla-defies-european-slump-with-norway-sales-growth-in-may-model-y-comes-to-the-rescue">Elon Musk&#8217;s Tesla Defies European Slump With Norway Sales Growth In May: Model Y Comes To The Rescue</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Sergei Elagin On Shutterstock.com

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

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HOOD

Robinhood Completes $200 Million Bitstamp Deal, Gains Access To 500K+ Crypto Users And $95 Million Revenue Stream

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has filed a fresh trademark application for the wordmark "Tesla Robotaxi" with the U.S. Patent and Trademark Office (USPTO) after the <a href="https://www.benzinga.com/25/05/45278182/elon-musks-cybercab-ambitions-face-latest-snag-teslas-robotaxi-trademark-filing-refused-by-authorities">agency previously rejected </a>its application.
What Happened: The EV giant applied for the trademark with the agency on May 30, the filing shows. Currently, the filing is yet to be reviewed by an examining attorney, but has been accepted by the USPTO.
This agency stated that the filing by Tesla for the trademark "Robotaxi" was too generic, as the term Robotaxi is also used by ride-sharing companies to describe self-driving cabs.
<figure class="wp-block-image aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="563" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033735/TSLA-trademark-Robotaxi-1024x563.jpg" alt="" class="wp-image-936177" style="width:580px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033735/TSLA-trademark-Robotaxi-1024x563.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033735/TSLA-trademark-Robotaxi-300x165.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033735/TSLA-trademark-Robotaxi-768x422.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033735/TSLA-trademark-Robotaxi-1536x845.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033735/TSLA-trademark-Robotaxi-2048x1126.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: USPTO
"Registration is refused because the applied-for mark merely describes a feature, ingredient, characteristic, purpose, function, intended audience of the applicant&#8217;s goods and/or services,&#8221; the agency stated.
Why It Matters: The application comes as Tesla is gearing up to launch its Robotaxi services in <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">Austin on June 12</a>. Tesla CEO Elon Musk had previously stated that the launch would have over 10-20 Model Ys initially.
The launch could also prove to be pivotal for the company's future, according to Wedbush Securities' analyst Dan Ives, who called the robotaxi launch a <a href="https://www.benzinga.com/news/25/05/45536187/dan-ives-calls-teslas-austin-robotaxi-launch-a-watershed-moment-maintains-bullish-views-on-tesla">"watershed moment" for Tesla</a>.
The robotaxi race is heating up in the U.S. with Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) <a href="https://www.benzinga.com/news/topics/25/06/45714095/chamath-palihapitiya-calls-tesla-an-obvious-win-says-robotaxi-alphabets-waymo-will-overtake-uber-and-lyft">Waymo recently surpassing</a> Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) in bookings in San Francisco, showcasing the rapid adoption of autonomous cabs in the country.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="184" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033819/TSLA-JUN-3-2025-2-1024x184.jpg" alt="" class="wp-image-936179" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033819/TSLA-JUN-3-2025-2-1024x184.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033819/TSLA-JUN-3-2025-2-300x54.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033819/TSLA-JUN-3-2025-2-768x138.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033819/TSLA-JUN-3-2025-2-1536x277.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03033819/TSLA-JUN-3-2025-2.jpg 1649w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
TSLA scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</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>
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</ul>
Photo courtesy: Tada Images / Shutterstock.com

LYFT

TSLA

Elon Musk's Tesla Files New Autonomous Taxi Trademark Application Ahead Of Robotaxi Launch In June

Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) CEO C.C. Wei revealed during Tuesday&#8217;s shareholder meeting that he informed President Donald Trump that establishing a proposed $100 billion U.S. manufacturing venture will &#8220;take time,&#8221; beyond the anticipated timeline.
What Happened: Wei disclosed that TSMC has maintained ongoing dialogue with the U.S. Commerce Department regarding Trump&#8217;s semiconductor tariffs since their implementation, <a href="https://breakingthenews.net/Article/TSMC-to-Trump:-dollar100B-project-hardly-in-five-years/64218465">reported</a> Baha Breaking News. 
The CEO expressed concerns that higher duties would elevate TSMC&#8217;s U.S. production costs, though he emphasized that tariff policies remain &#8220;ultimately a matter between governments, not between a government and a company.&#8221;
Despite tariff headwinds, Wei assured investors that artificial intelligence chip demand continues to <a href="https://www.benzinga.com/markets/tech/25/06/45739051/tsmc-ceo-admits-trump-tariffs-have-some-impact-on-chipmaker-but-demand-consistently-outpacing-supply-thanks-to-ai">substantially outpace supply capabilities</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers">Elizabeth Warren Says Trump &#8216;Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Why It Matters: The CEO explained that while tariffs don&#8217;t directly impact TSMC as an exporter, they create indirect pressure through <a href="https://www.benzinga.com/markets/tech/25/06/45739051/tsmc-ceo-admits-trump-tariffs-have-some-impact-on-chipmaker-but-demand-consistently-outpacing-supply-thanks-to-ai">higher import costs for customers.</a> &#8220;Tariffs can lead to slightly higher prices and when prices go up, demand may go down,&#8221; Wei noted.
TSMC&#8217;s cautious stance on U.S. expansion comes as the chipmaker weighs the <a href="https://www.benzinga.com/25/03/44084767/taiwan-semiconductor-weighs-100-billion-us-investment-as-chip-war-heats-up">massive $100 billion investment</a> over four years to build advanced manufacturing facilities stateside. The company has already committed over $65 billion to Arizona fabrication plants for advanced chip production.
Price Action: TSMC closed at $194.84 on June 2, up 0.79%. After hours, it rose 0.24% to $195.30. Year to date, the stock is down 3.34%.
Benzinga's Edge Stock Rankings show TSMC is enjoying a strong price trend across short, medium, and long-term horizons. For a deeper dive into the metrics, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">click here</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="636" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030508/image-16.png" alt="" class="wp-image-936133" style="width:538px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030508/image-16.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030508/image-16-300x214.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030508/image-16-768x549.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
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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: Jack Hong / Shutterstock.com

TSMC CEO Tells Trump $100 Billion US Chip Expansion Will 'Take Time' Amid Tariff Pressures, Surging AI Demand

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has brought generative video tools to everyday users by integrating OpenAI's Sora model into its Bing app, just weeks after Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google <a href="https://www.benzinga.com/25/05/45560919/everyones-losing-their-minds-over-googles-veo-3-ai-videos-and-everyones-also-annoyed-they-cant-actually-use-it-yet-here-are-some-wild-examples-of-the-magic-this-model-can-create">made headlines with its stunning</a> Veo 3 video AI.
What Happened: On Monday, Microsoft launched Bing Video Creator, allowing users to generate videos from text using OpenAI's Sora model—for free.
This marks the first time Sora is widely accessible to the public, as OpenAI had previously limited it to <a href="https://www.benzinga.com/news/25/04/45014781/adobe-invests-in-2-1b-ai-unicorn-synthesia-as-openais-sora-competes-in-the-race-for-ai-generated-video-dominance">select paying customers</a>.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/05/45486639/sundar-pichai-reveals-google-parent-once-super-intensely-debated-about-buying-netflix-in-a-world-of-butterfly-effects" target="_blank" rel="noreferrer noopener">Sundar Pichai Reveals Google-Parent Once Super Intensely Debated About Buying Netflix: ‘In A World Of Butterfly Effects…'</a>
To use the tool, users must log into a Microsoft account through the Bing app. They can create 10 video clips at no cost, after which each video requires 100 Microsoft Rewards points.
Initially, users can queue up to three vertical (9:16) five-second videos at a time. Longer or horizontal videos aren&#8217;t supported yet, but Microsoft said more features are coming.
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: The rollout follows Google's unveiling of Veo 3, an AI video model that not only produces cinematic-quality visuals but also adds realistic audio. a feature missing from Sora and rivals like Runway, Pika Labs, Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) MovieGen and Stability AI.
Elon Musk, whose company xAI&#8217;s Grok has been integrated into Microsoft Azure, also <a href="https://www.benzinga.com/tech/25/05/45599950/elon-musk-praises-google-deepminds-veo-3-ai-video-model-says-it-is-awesome">expressed admiration</a> for Veo 3.
Price Action: Microsoft shares edged up by 0.35% during Monday's regular session, reaching $461.97, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that Microsoft maintains a strong price trend over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More in-depth metrics are available here</a>.
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Photo Courtesy: FilipArtLab on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Microsoft Brings OpenAI's Sora To The Masses With Free AI Video Generator In Bing App After Google's Veo 3 Wowed The Internet—Here's What You Can (And Can't) Do

The U.S. Department of Education has put a halt to its plans of reducing Social Security benefits for individuals who&nbsp;have been unable to pay their student&nbsp;loans, as per a department spokesperson.
What Happened:&nbsp;The U.S. Department of Education&nbsp;has put a hold on its plan to deduct Social Security benefits from those who&nbsp;have defaulted on their student&nbsp;loans,&nbsp;<a href="https://www.cnbc.com/2025/06/02/trump-pauses-social-security-benefit-cuts-over-defaulted-student-loans.html">CNBC</a>&nbsp;reported. Education Department spokesperson, Ellen Keast, confirmed the decision.
Meanwhile, Keast told The Hill, "In the coming weeks, the Department will begin proactive outreach to recipients about affordable loan repayment options and help them back into good standing.&#8221;
The Trump administration, which had previously announced the resumption of collection activities on the $1.6 trillion student loan portfolio, has now reversed its policy. The government had refrained from pursuing individuals who had fallen behind on payments for nearly five years due to COVID-19-related policies.
This policy change would bring relief to Social Security recipients, many of whom live on a fixed income and faced reductions of up to 15% in their benefits to repay defaulted student loans.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45727395/tom-lee-predicts-bitcoin-to-hit-250000-by-end-of-2025-3m-long-term" target="_blank" rel="noreferrer noopener">Tom Lee Predicts Bitcoin To Hit $250,000 By End Of 2025, $3M Long Term &#8211; Benzinga</a>
Why It Matters: This decision comes just a day after experts warned that&nbsp;June <a href="https://www.benzinga.com/personal-finance/management/25/06/45717822/june-social-security-checks-could-drop-sharply-due-to-student-loan-garnishments-experts-share-ways-to-get-relief">Social Security checks</a> could see a significant drop&nbsp;for retirees who&nbsp;have defaulted on their student&nbsp;loans.&nbsp;The U.S. Department of Education&#8217;s decision to restart involuntary collections on defaulted student loans, including garnishing wages, intercepting tax refunds and seizing a portion of Social Security benefits, was expected to impact retirees from June onwards.
Earlier in May, it was reported that the U.S. Department of Education&#8217;s decision to&nbsp;<a href="https://www.benzinga.com/25/05/45601283/social-security-checks-could-shrink-for-450000-retirees-as-government-resumes-seizing-benefits-over-student-loan-defaults">resume involuntary</a> collections on defaulted student loans&nbsp;could directly affect around 452,000 Americans aged 62 and older. Many of these retirees could see their monthly Social Security checks significantly reduced, in some cases down to just $750.
The administration's move to pause these deductions provides these older borrowers additional time to get current on their payments and avoid future reductions in their benefit checks.
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Personal Finance

Trump Administration Pauses Social Security Garnishments Over Defaulted Student Loans: 'Department Will Begin Proactive Outreach To Recipients...'

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Nasdaq Composite gaining more than 100 points during the session.
Wall Street closed on a positive note last month, with the S&amp;P 500 gaining more than 6.2% in May and the Nasdaq jumping 9.6%. Both indices recorded their strongest months since November 2023. The Dow surged 3.9% for the month.
President Donald Trump announced over the weekend that tariffs on steel and aluminum imports will be doubled to 50% starting June 4, reigniting trade tensions with China. Beijing responded by accusing Washington of seriously violating trade agreements and pledged to take strong measures to defend its interests. The renewed dispute ignited a rally in precious and industrial metals.
Campbell's Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NASDAQ">CPB</a>) posted better-than-expected third-quarter results. Lyra Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYRA#NASDAQ">LYRA</a>) shares jumped over 310% on Monday after the company announced its ENLIGHTEN 2 Phase 3 trial of LYR-210 met its primary endpoint.
On the economic data front, the ISM manufacturing PMI declined to 48.5 in May compared to 48.7 in April, also missing market estimates of 49.5. U.S. construction spending declined by 0.4% month-over-month to an annual rate of $2,152.4 billion in April following a revised 0.8% fall in March.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services and information technology stocks recording the biggest gains on Monday. However, industrial stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 35 points to 42,305.48 on Monday. The S&amp;P 500 gained 0.41% to 5,935.94, while the Nasdaq Composite climbed 0.67% at 19,242.61 during Monday's session.
Investors are awaiting earnings results from Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>), Signet Jewelers Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) and Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 62.3, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 61.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

LYRA

Nasdaq Surges Over 100 Points Despite Renewed Trade Concerns: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) announced its intent to acquire Crunchy Data at Snowflake Summit 2025, bringing enterprise-grade PostgreSQL capabilities to its AI Data Cloud platform.
The acquisition addresses growing demand for secure, compliant database solutions in artificial intelligence applications.
What Happened: The deal will integrate Crunchy Data&#8217;s PostgreSQL technology into Snowflake Postgres, targeting the $350 billion database market opportunity. PostgreSQL remains the preferred choice among 49% of developers globally, making this acquisition strategically significant for Snowflake&#8217;s enterprise customers.
&#8220;We&#8217;re tackling a massive $350 billion market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud,&#8221; said Vivek Raghunathan, SVP of Engineering at Snowflake. The company positions this as part of its comprehensive data and AI platform strategy.
Crunchy Data brings specialized expertise in regulated environments, including FedRAMP compliance, essential for federal agencies and Fortune 500 financial institutions. &#8220;Our deep-rooted commitment to stringent security and comprehensive compliance has made us the trusted Postgres partner for organizations across regulated industries,&#8221; said Paul Laurence, Co-Founder at Crunchy Data.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers">Elizabeth Warren Says Trump &#8216;Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Why It Matters: Snowflake recently reported strong first-quarter performance with revenue of $1.04 billion, up 26% year-over-year, beating <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45623498/snowflakes-ai-driven-insights-to-power-la28-olympic-and-paralympic-games">analyst estimates of $1.01 billion</a>. The company expects second-quarter product revenue of approximately $1.03-$1.04 billion, representing 25% growth. 
The acquisition requires regulatory approval and customary closing conditions. Snowflake Postgres will be available in private preview following deal completion, with the company committing to support existing Crunchy Data customers and the broader PostgreSQL community.
Price Action: Snowflake stock closed at $210.17 on June 2, up 2.19%. After hours, it rose slightly to $210.20. Year to date, the stock is up 33.43%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
SNOW shows weak growth and valuation metrics based on the Benzinga Edge Stock Ranking. However, the stock is experiencing positive momentum and a favorable short- to long-term price trend. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here for the full stock breakdown</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="878" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13.png" alt="" class="wp-image-936068" style="width:540px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13-300x220.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13-768x563.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
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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: Tada Images / Shutterstock.com

SNOW

Snowflake Sets Sights On $350 Billion Database Market With Crunchy Data Acquisition

HLIT

Harmonic And CUJO AI Collaborate To Enable Adaptive, Low-Latency Broadband Connectivity For Interactive Applications At Scale

While the U.S. Dollar and Treasury yields have moved in the same direction in the past, this pattern has seen a significant divergence since April 2025, affecting the long-standing relationship between these asset classes.
What Happened: According to the data, since the &#8220;Liberation Day&#8221; <a href="https://www.benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">tariffs on April 2</a>, the 10-year note yield has risen by +27 basis points, to 4.43%.
Whereas, the Dollar Index has slipped from 103.81 on April 2nd to 98.86 as of today, falling by 4.77% in the same period.
This decoupling is the result of a confluence of factors. According to the AI-powered financial management application, Alva, &#8220;Rising yields usually mean a stronger dollar, but now it's deficit anxiety, Moody's downgrades, and trade war risk driving global capital to safer havens like gold and the franc.&#8221;
Economist Peter Schiff said in an X post that the divergence was also a result of the fact that &#8220;Treasuries are now considered a risk asset.&#8221;
&#8220;When the threat is inflation and a weak dollar, there&#8217;s no safety in Treasuries,&#8221; he added.
<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">The <a href="https://twitter.com/CNBCFastMoney?ref_src=twsrc%5Etfw">@CNBCFastMoney</a> crew was wondering why Treasuries aren&#39;t getting a safe haven bid. If they still had me as a guest they&#39;d know. I&#39;ve been warning that Treasuries are now considered a risk asset. When the threat is inflation and a weak dollar, there&#39;s no safety in Treasuries.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1929690267856392390?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to LPL Research, &#8220;Treasury yields are primarily a function of growth and inflation expectations, so as the economic data goes, so go Treasury yields.&#8221;
The note also highlighted that several obstacles are preventing the Federal Reserve from cutting rates, &#8220;but if the economic data starts to show a weakening economy, particularly with this week&#8217;s jobs report, Treasury yields will likely fall from elevated levels.&#8221;
&#8220;Until the economic data softens, we think volatility in the Treasury market is here to stay, which should allow markets to price in more rate cuts from the Fed,&#8221; the LPL note added.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45739065/sp-500-reverses-short-term-downtrend-after-april-lows-technical-evidence-shows-recovery-is-real-and-not-a-bull-trap-or-bear-market-rally">S&amp;P 500 Reverses Short-Term Downtrend After April Lows: Technical Evidence Shows &#8216;Recovery Is Real&#8217; And Not A &#8216;Bull Trap&#8217; Or &#8216;Bear Market Rally&#8217;</a>
Why It Matters: As of the publication of this article, the U.S. Dollar Index was 0.13% higher at 98.86, whereas the 10-year Treasury bond yield stood at 4.43%.
In an earlier post from April, Jim Bianco, the president and founder of Bianco Research LLC, highlighted that the <a href="https://www.benzinga.com/25/04/44920880/expert-flags-never-before-observed-trio-falling-stocks-and-short-yields-bucking-rising-long-yields-nothing-is-normal-about-this">divergence of rising yields</a> and weakness in the U.S. dollar was a "measure of stress in markets.&#8221; 
"Higher rates are not supporting the dollar right now. This means they might have to go a lot higher to stop the dollar from falling," he added.
<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">1/2 The breaking of this relationship is a measure of stress in markets &#8230; it continues to widen.(Higher rates are not supporting the dollar right now. This means they might have to go a lot higher to stop the dollar from falling.) <a href="https://t.co/PRj6mYNu0J">pic.twitter.com/PRj6mYNu0J</a>
&mdash; Jim Bianco (@biancoresearch) <a href="https://twitter.com/biancoresearch/status/1914160730535756287?ref_src=twsrc%5Etfw">April 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Monday. The SPY was up 0.56% at $592.71, while the QQQ advanced 0.79% to $523.21, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
The futures of the S&amp;P 500, Nasdaq 100, and Dow Jones declined on Tuesday.
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<ul>
<li>Former MI5 Director General and Lord Chamberlain brings extensive experience of working at the highest levels of public service</li>
<li>Appointment follows Vertical's announcement of its hybrid-electric programme and comes as the Government sets out its Strategic Defence Review</li>
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Donaldson Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) will release its third-quarter financial results before the opening <a href="https://www.benzinga.com/quote/DCI/earnings">bell on Tuesday, June 3.</a>
Analysts expect the Bloomington, Minnesota-based company to report quarterly earnings at 95 cents per share, up from 92 cents per share in the year-ago period. Donaldson projects quarterly revenue of $933.45 million, compared to $927.9 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 2, Donaldson named Richard Lewis as Chief Operating Officer, effective Aug. 1.
Donaldson shares fell 0.6% to close at $69.17 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/dci/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Stifel analyst Nathan Jones maintained a Hold rating and cut the price target from $70 to $63 on April 14, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Baird analyst Richard Eastman maintained an Outperform rating and boosted the price target from $81 to $83 on Dec. 4, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Raymond James analyst Tim Thein initiated coverage on the stock with a Market Perform rating on June 28, 2024. This analyst has an accuracy rate of 68%.</li>
</ul>
Considering buying DCI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/DCI/earnings"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030125/image-15-1024x582.png" alt="" class="wp-image-936122" style="width:602px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030125/image-15-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030125/image-15-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030125/image-15-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03030125/image-15.png 1132w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

Trading Ideas

Donaldson Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) to report quarterly earnings at $1.48 per share on revenue of $10.31 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Dollar General shares gained 0.6% to $97.70 in after-hours trading.</li>
<li>Credo Technology Group Holding Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) reported fourth-quarter revenue of $170.03 million, beating analyst estimates of $162.96 million. The connectivity solutions company reported fourth-quarter adjusted earnings of 35 cents per share, beating analyst estimates of 28 cents per share, according to Benzinga Pro. Credo Technology shares jumped 12.2% to $70.30 in the after-hours trading session.</li>
<li>Analysts are expecting Signet Jewelers Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) to post quarterly earnings at $1.03 per share on revenue of $1.52 billion. The company will release earnings before the markets open. Signet shares rose 1% to $67.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>MoonLake Immunotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLTX#NASDAQ">MLTX</a>) shares rose sharply in after-hours trading on Monday following reports that Merck held talks to acquire the Swiss biotech company for over $3 billion. MoonLake Immunotherapeutics shares jumped 19% to $48.99 in the after-hours trading session.</li>
<li>Analysts expect Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) to post quarterly earnings at $2.02 per share on revenue of $7.42 billion before the opening bell. Ferguson shares fell 0.2% to $179.95 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/cannabis/25/06/45719976/wall-streets-most-accurate-analysts-give-their-take-on-3-tech-and-telecom-stocks-delivering-high-dividend-yields-4">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Tech And Telecom Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Pamela Brick / Shutterstock.com

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Tech Billionaire Bill Gates, Chair of the Gates Foundation, has committed to allocating the majority of the foundation&#8217;s $200 billion spend over the next two decades to Africa. The announcement was made during his address at the African Union&#8217;s Nelson Mandela Hall.
What Happened: In his speech at the African Union&#8217;s Nelson Mandela Hall, Gates highlighted the need to seize the moment to advance health and development, even in the face of current challenges. He disclosed that the Gates Foundation&#8217;s planned $200 billion investment over the next 20 years will primarily be directed toward partnering with governments that prioritize their citizens&#8217; health and well-being, as stated in a press release on Monday.
&#8220;I&nbsp;recently made a commitment that&nbsp;my wealth will be given&nbsp;away&nbsp;over the next 20 years.&nbsp;The majority of that funding&nbsp;will be spent on helping&nbsp;you address challenges here in&nbsp;Africa,&#8221; stated Gates.
The co-founder of Microsoft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) also highlighted the potential of artificial intelligence (AI) to transform Africa&#8217;s future, especially in the healthcare sector. He praised the continent&#8217;s young innovators for embracing AI and its potential to solve critical issues. 
He highlighted Rwanda as an early example of AI's potential, noting its use of AI in improving services like using AI-enabled ultrasounds to detect high-risk pregnancies, which could help save lives. SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump&#8217;s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractio</a>
Why It Matters: This announcement comes on the heels of Gates&#8217; recent commitment to&nbsp;<a href="https://www.benzinga.com/markets/25/05/45286464/bill-gates-commits-99-of-his-remaining-fortune-to-gates-foundation-set-to-wind-down-in-20-years-somebody-should-give-more-money-than-i-did">donate 99% </a>of his remaining fortune&nbsp;to the Gates Foundation, which is set to be wound down in 20 years. This move, valued at $107 billion, is one of the most significant philanthropic contributions ever made, surpassing the inflation-adjusted donations of industrialists John D. Rockefeller and Andrew Carnegie.
However, Gates has also been vocal about the potential consequences of abrupt funding cuts. He&nbsp;<a href="https://www.benzinga.com/markets/25/05/45286464/bill-gates-commits-99-of-his-remaining-fortune-to-gates-foundation-set-to-wind-down-in-20-years-somebody-should-give-more-money-than-i-did">criticized </a>Tesla CEO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Elon Musk&nbsp;for his actions, which Gates believes are detrimental to the world&#8217;s poorest children. 
On multiple occasions, Gates expressed concerns over Musk and President Donald Trump&#8216;s decision to significantly reduce the funding of the U.S. Agency for International Development (USAID), the primary channel for U.S. aid, stating that these abrupt cuts could lead to the expiration of life-saving food and medicines in warehouses, potentially causing a resurgence of diseases like measles, HIV and polio.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45727395/tom-lee-predicts-bitcoin-to-hit-250000-by-end-of-2025-3m-long-term" target="_blank" rel="noreferrer noopener">Tom Lee Predicts Bitcoin To Hit $250,000 By End Of 2025, $3M Long Term &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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