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GOLDENSTONE ACQUISITION LTD RT

New data sovereignty laws and renewed focus on data center disaggregation are driving hundreds of billions of dollars in on-prem and hybrid data center investment

News

Seagate's 30TB Drives Meet Surge In Edge AI, On-Prem NAS, And Hyperscale Data Center Storage Requirements

IPOs

SPEG

SPEGU

SPAC Silver Pegasus Acquisition Corp. Prices $100M Nasdaq Initial Public Offering At $10 Per Unit, Targeting Semiconductor-Focused Business Combination

Satoshi Nakamoto, Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mysterious creator, is estimated to be worth a lot more money now that the leading cryptocurrency is on fire.
What Happened: As of this writing, the wallet linked to Satoshi owned about $128.67 billion in Bitcoin, <a href="https://intel.arkm.com/explorer/entity/satoshi-nakamoto">according </a>to blockchain analytics firm Arkham, up from a little over $119 billion a week ago.
Had Satoshi been ranked on the Forbes' Real-Time Billionaires <a href="https://www.forbes.com/real-time-billionaires/#716aba393d78">list</a>, they would be the 11th-richest person in the world today.&nbsp;
Notably, Microsoft co-founder Bill Gates was ranked below Satoshi, having an estimated wealth of $117.2 billion, while legendary investor Warren Buffett was just above at $142 billion.
It is collectively believed that Satoshi owns <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">roughly 1.1 million Bitcoin</a>, making up 5.5% of the coin&#8217;s circulating supply.
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/crypto/cryptocurrency/25/07/46407556/jamie-dimon-will-go-all-in-on-crypto-says-jim-cramer-after-bitcoins-explosive-rally-id-like-to-pay-the-bookie">Jamie Dimon Will &#8216;Go All In On Crypto,&#8217; Says Jim Cramer After Bitcoin&#8217;s Explosive Rally: &#8216;I&#8217;d Like To Pay The Bookie…&#8217;</a>
Why It Matters: The jump in fortunes follows Bitcoin's blazing rally that has pushed the world's most valued <a href="https://www.benzinga.com/crypto/25/07/46407297/bitcoin-retraces-from-highs-ahead-of-cpi-report-ethereum-gains-and-dogecoin-falls-analyst-says-135000-140000-isnt-hopium-but-one-clean-breakout-away">digital asset past $123,000</a>
Nakamoto's real identity has been a subject of intense speculation since the <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">inception</a> of Bitcoin in 2009. Several personalities, including early Bitcoin developers Peter Todd and Len Sassaman, as well as Twitter founder Jack Dorsey, have been <a href="https://www.benzinga.com/25/02/43803016/is-jack-dorsey-the-mysterious-satoshi-nakamoto-vanecks-matthew-sigel-points-key-evidence-linking-twitter-founder-to">linked </a>to the mysterious personality throughout the years.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $117,443.62, up 3.18% in the last 24 hours, 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>.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46387048/bitcoin-is-humanitys-best-bet-against-currency-debasement-says-anthony-pompliano-we-owe-so-much-to-satoshi-nakamoto">Bitcoin Is Humanity&#8217;s &#8216;Best Bet&#8217; Against Currency Debasement, Says Anthony Pompliano: &#8216;We Owe So Much To Satoshi Nakamoto&#8217;</a></li>
</ul>
Photo Courtesy: Szabolcs Magyar On Shutterstock.com

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

Cryptocurrency

$BTC

Bitcoin Creator Satoshi Nakamoto's Net Worth Surges to $128 Billion; Mysterious Figure Challenges Warren Buffett's Spot Among The Wealthiest

Jim Cramer believes that Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is poised to get a significant boost with the U.S. government assuring <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">licenses for the sale of its H20 chips</a> or general processing units to China, a move that could considerably impact market sentiment.
Check out the current price of <a href="https://benzinga.com/quote/nvda">NVDA stock here</a>.
What Happened: This development follows a period where U.S. export curbs, initiated in April, had effectively halted H20 chip sales to Beijing, despite the chips being designed to bypass earlier controls.
The news has drawn immediate and enthusiastic reactions from market commentators. Cramer, host of CNBC&#8217;s &#8220;Mad Money,&#8221; took to X and said, &#8220;This Nvidia news, so huge, could turn the Nasdaq futures around.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This Nvidia news, so huge, could turn the Nasdaq futures around..
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944935551657779624?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
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During the time of writing this article, Nvidia shares were up 4.28% on Robinhood. 
Similarly, Nigam Arora, known for his market analysis, posted that &#8220;More bullishness in stock futures on $nvda getting permission to sell H20 chips to China for AI.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">More bullishness in stock futures on <a href="https://twitter.com/search?q=%24nvda&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$nvda</a> getting permission to sell H20 chips to China for AI.
&mdash; Nigam Arora (@TheAroraReport) <a href="https://twitter.com/TheAroraReport/status/1944966759976722726?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Nvidia confirmed the breakthrough in a statement Tuesday, expressing hopes to &#8220;start deliveries soon.&#8221;
This turnaround comes after extensive lobbying efforts by Nvidia CEO Jensen Huang, including a meeting last week with U.S. President Donald Trump, where Huang reiterated Nvidia&#8217;s commitment to American job creation and AI leadership. Cramer also appreciated Huang for his efforts to turn this around. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is surprising but things have turned out the way Jensen said the would when he was on <a href="https://twitter.com/MadMoneyOnCNBC?ref_src=twsrc%5Etfw">@MadMoneyOnCNBC</a> and said trust the process. Billions of dollars in business on the line
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1944936202332766610?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The potential change in U.S. stance also aligns with a preliminary trade framework agreed upon last month between Washington and Beijing, which included the easing of tech export curbs.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46400448/dan-ives-bets-on-cybersecurity-as-biggest-subsector-in-tech-for-2025-expects-strong-q2-earnings-from-crowdstrike-zscaler-palo-alto-check-point">Dan Ives Bets On Cybersecurity As &#8216;Biggest Subsector&#8217; In Tech For 2025; Expects Strong Q2 Earnings From CrowdStrike, Zscaler, Palo Alto, Check Point</a>
Why It Matters: Ray Wang, research director at Futurum Group, <a href="https://www.cnbc.com/2025/07/15/nvidia-says-us-government-will-allow-it-to-resume-h20-ai-chip-sales-to-china.html">told</a> CNBC that &#8220;The lifting of the H20 ban marks a significant and positive development for Nvidia, which will enable the company to reinforce its leadership in China.&#8221;
He added that this, combined with upcoming export control-compliant RTX PRO AI chips, should act as a &#8220;fresh growth catalyst.&#8221;
Meanwhile, NVDA stock ended 0.52% lower at $164.07 apiece on Monday. The stock has advanced 18.62% on a year-to-date basis and 27.74% over a year.
Benzinga Edge Stock Rankings shows that NVDA had a stronger price trend over the short, medium, and long term. Its momentum ranking was solid, whereas its value ranking was poor; the details of all the metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="158" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15011004/NVDA-EDGE-NEW-1024x158.png" alt="" class="wp-image-985065" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15011004/NVDA-EDGE-NEW-1024x158.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15011004/NVDA-EDGE-NEW-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15011004/NVDA-EDGE-NEW-768x119.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15011004/NVDA-EDGE-NEW.png 1270w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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 0.19% at $624.81, while the QQQ advanced 0.36% to $556.21, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading higher.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/07/46386197/jpmorgan-stock-shows-mixed-signals-ahead-of-q2-results-even-as-ceo-jamie-dimon-warns-of-complacent-markets-ignoring-impact-of-trump-tariffs-on-interest-rates">JPMorgan Stock Shows Mixed Signals Ahead Of Q2 Results Even As CEO Jamie Dimon Warns Of &#8216;Complacent&#8217; Markets Ignoring Impact Of Trump Tariffs On Interest Rates</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: jamesonwu1972 / Shutterstock.com

Equities

NVDA

Jim Cramer Says Nvidia Getting Trump Approval For H20 Sales To China Is 'So Huge, Could Turn The Nasdaq Futures Around'

With U.S. stock futures trading slightly higher 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 JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) to report quarterly earnings at $4.48 per share on revenue of $44.17 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. JPMorgan shares gained 0.4% to $289.94 in after-hours trading.</li>
<li>Analysts are expecting Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) to have earned $1.40 per share on revenue of $20.78 billion before the opening bell. Wells Fargo shares gained 0.1% to $83.55 in the after-hours trading session.</li>
<li>Longevity Health Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XAGE#NASDAQ">XAGE</a>) announced a merger with THPlasma and the termination of its transaction with 20/20 BioLabs. This strategic move is expected to leverage plasma synergies to drive bioaesthetic innovation. Longevity Health shares jumped 67.5% to $4.43 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Before the markets open, The Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) is projected to post quarterly earnings at $1.76 per share on revenue of $4.83 billion. Bank of New York Mellon shares rose 1.4% to $96.60 in after-hours trading.</li>
<li>Analysts expect Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) to post quarterly earnings at $1.62 per share on revenue of $20.89 billion before the opening bell. Citigroup shares gained 0.8% to $88.17 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/07/46390296/rocket-lab-is-one-of-the-hottest-stocks-in-the-universe-cramer">This Is &#8216;One Of The Hottest Stocks In The Universe,&#8217; Jim Cramer Says</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Longevity Health Holdings, Inc. - Common Stock

XAGE

JPMorgan, Wells Fargo And 3 Stocks To Watch Heading Into Tuesday

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Industrial Production Year to Date (YoY) For June 6.4% Vs. 6.3% Prior

Reported Earlier, China Gross Domestic Product (QoQ) For Q2 1.1% Vs. 0.9% Est.; 1.2% Prior

Reported Earlier, Chinese Unemployment Rate For June Unchanged At 5.0%

Reported Earlier, China Industrial Production (YoY) For June 6.8% Vs. 5.6% Est.; 5.8% Prior

Reported Earlier, China Gross Domestic Product (YoY) For Q2 5.2% Vs. 5.4% Prior

The U.S. Supreme Court on Monday lifted a federal judge&#8217;s injunction that had blocked the Donald Trump administration from continuing its downsizing of the Department of Education, clearing the path for mass layoffs affecting nearly 1,400 workers and the potential transfer of key functions to other agencies.
What Happened: The court&#8217;s brief, unsigned order represented another victory for Trump&#8217;s broader government efficiency initiative. The three liberal justices dissented from the majority decision, <a href="https://www.theguardian.com/us-news/2025/jul/14/supreme-court-trump-education-department">reported</a> The Guardian.
U.S. District Judge Myong Joun in Boston had previously ruled on May 22 that the mass firings would &#8220;likely cripple the department&#8221; and ordered affected workers reinstated. The Boston-based First U.S. Circuit Court of Appeals rejected the administration&#8217;s appeal on June 4.
The Education Department, created by Congress in 1979, oversees a $1.6 trillion student loan portfolio affecting over 40 million borrowers. The agency also administers federal funding for disadvantaged districts and students with disabilities, while enforcing civil rights laws in schools.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">Nvidia Resumes H20 Shipments To China As Jensen Huang Meets Trump, Beijing Officials — &#8216;Fully Compliant&#8217; RTX PRO Aims To Bridge AI Cold War</a>
Why It Matters: Education Secretary Linda McMahon announced in March that workforce reductions would slash department staff to <a href="https://www.benzinga.com/markets/25/03/44271318/us-department-of-education-to-slash-nearly-2000-jobs-as-trump-moves-closer-to-shutting-it-down">approximately 2,183 from 4,133 when Trump took office</a>. The layoffs align with the Department of Government Efficiency (DOGE) initiative overseen by Tesla Inc. CEO Elon Musk.
Trump signed an executive order in March directing the department to close to the &#8220;maximum extent&#8221; allowed by law. The administration plans to transfer the student loan portfolio to the Small Business Administration and special education services to the Department of Health and Human Services.
A coalition of 21 Democratic attorneys general, school districts and unions challenged the shutdown efforts, arguing they would impair core departmental functions. The plaintiffs warned that mass firings could delay federal aid disbursement for low-income schools and students with special needs.
Federal law prohibits the department from controlling curriculum, instruction and staffing decisions, which remain under state and local authority. These governments provide more than 85% of public school funding, according to the The Guardian.
While complete elimination would require <a href="https://www.benzinga.com/markets/25/03/44271318/us-department-of-education-to-slash-nearly-2000-jobs-as-trump-moves-closer-to-shutting-it-down">congressional approval and 60 Senate votes</a>, the Trump administration can implement significant operational changes through executive action. The legal challenge continues in lower courts as the administration moves forward with its restructuring plans.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46407767/elon-musks-xai-launches-grok-for-government-after-winning-200-million-pentagon-contract">Elon Musk&#8217;s xAI Launches &#8216;Grok For Government&#8217; After Winning $200 Million Pentagon Contract</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: Shutterstock

Politics

TSLA

Trump's Education Department Cuts Cleared By Supreme Court — 1,400 Jobs On The Line

Reported Earlier, China Gross Domestic Product (GDP) Year to Date (YoY) For Q2 5.3% Vs. 5.1% Est.; 5.4% Prior

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has officially entered the Indian car market with the EV giant offering the Model Y starting around $70,000 as Elon Musk's EV giant opened the doors to its maiden outlet in the country.
Check out the current price of<a href="https://benzinga.com/quote/tsla"> TSLA stock here</a>.
What Happened: Tesla will sell the Model Y rear-wheel drive trim in India for over 6 million INR (Indian National Rupee) or approximately $70,000, according to a listing on Tesla's official Indian website.
Tesla will also offer the Model Y long-range rear-wheel drive will retail for 6.8 million INR (roughly $79,000). The company will also offer FSD or Full Self-Driving in the country for an additional 600,000 INR, or approximately $7,000.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="494" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012225/Tesla-India--1024x494.jpg" alt="" class="wp-image-985086" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012225/Tesla-India--1024x494.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012225/Tesla-India--300x145.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012225/Tesla-India--768x370.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012225/Tesla-India--1536x741.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012225/Tesla-India--2048x988.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Source: Tesla India
The company's first official outlet in the country would be located in India's financial capital, Mumbai.
Why It Matters: Musk's EV giant had been eyeing an entry into <a href="https://www.benzinga.com/markets/asia/25/07/46360439/elon-musk-led-teslas-india-entry-kicks-off-with-first-showroom-in-mumbai-launch-set-for-july-15">the Indian market</a> for some time. However, steep import duties levied by the Indian government had posed challenges for Tesla.
However, the government&#8217;s slashing of duties from 110% to 15% on luxury EV imports proved to be a major boost for the company's India ambitions. In the build-up to its entry, Tesla also <a href="https://www.benzinga.com/tech/25/04/44833951/elon-musk-led-teslas-model-y-spotted-testing-in-mumbai-ahead-of-india-debut">tested a Model Y</a> in Mumbai.
Elsewhere, Musk has teased an "epic" <a href="https://www.benzinga.com/markets/tech/25/07/46386130/elon-musk-teases-most-epic-demo-ever-by-2025-end-as-tesla-struggles-amid-declining-sales-trump-ending-ev-mandate">demo by Tesla</a> scheduled for the end of the year, leading to speculation about the company's Optimus humanoid robots, due for <a href="https://www.benzinga.com/markets/tech/25/07/46240609/elon-musks-tesla-has-halted-the-production-of-its-humanoid-robot-optmius-amid-redesign-plans-report">a major redesign</a>, and the highly anticipated Cybercab.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="198" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012209/TSLA-JUL-15-2025-1024x198.jpg" alt="" class="wp-image-985084" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012209/TSLA-JUL-15-2025-1024x198.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012209/TSLA-JUL-15-2025-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012209/TSLA-JUL-15-2025-768x148.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012209/TSLA-JUL-15-2025-1536x296.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15012209/TSLA-JUL-15-2025.jpg 1565w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla offers Satisfactory Momentum and Quality, while scoring well on the Growth metric, but offering poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/07/46400579/will-your-tesla-car-support-grok-only-these-vehicles-will-be-able-to-run-elon-musk-led-xais-latest-a">Will Your Tesla Car Support Grok? Only These Vehicles Will Be Able To Run Elon Musk-Led xAI&#8217;s Latest AI Model</a></li>
</ul>
Photo courtesy: VTT Studio / Shutterstock.com

Tech

Elon Musk's Tesla To Sell Model Y From $70,000 In India, Launches First Showroom In Mumbai

Senate Majority Leader Chuck Schumer (D-N.Y.) accused President Donald Trump and Homeland Security Secretary Kristi Noem on Monday of crippling the Federal Emergency Management Agency by firing key staff before this month's catastrophic Texas floods, saying the cuts slowed life‑saving aid.
What Happened: Schumer's X post came after Hill Country floodwaters killed at least 120 people and left 170 missing when the Guadalupe River jumped 37 feet on July 4. He said the White House "weakened America's disaster‑response ecosystem" and demanded a full investigation.
<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">After I demanded an investigation into what role the Trump staff cuts played in the response to the horrible tragedy in Texas, Trump threw a fit. Now we know why: Trump and Noem fired key personnel at FEMA, weakening America&#39;s disaster response ecosystem.
&mdash; Chuck Schumer (@SenSchumer) <a href="https://twitter.com/SenSchumer/status/1944905046497341519?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Critics point to a June 11 memo in which Noem ordered every FEMA contract or grant over $100,000 to cross her desk, a rule officials say held Urban Search and Rescue crews for up to 72 hours. Reuters reported the spending cap also <a href="https://www.reuters.com/sustainability/climate-energy/noem-defends-fema-response-texas-floods-amid-scrutiny-2025-07-13/">stalled</a> fuel deliveries, debris teams and satellite phones.
A separate <a href="https://www.nytimes.com/2025/07/11/climate/fema-missed-calls-texas-floods.html">report</a> by The New York Times revealed FEMA had just laid off call‑center workers, leaving thousands of pleas unanswered. Noem, speaking in Kerrville, <a href="https://www.nbcnews.com/meet-the-press/video/sec-kristi-noem-says-she-won-t-resign-after-backlash-over-texas-flood-response-full-interview-243137093529">denied</a> delaying help and said, &#8220;Those claims are absolutely false&#8221;.
Benzinga reached out to the White House for comment on Senator Chuck Schumer&#8217;s social media post.
See Also: <a href="https://www.benzinga.com/news/entertainment/25/07/46407088/jeff-bezos-is-in-a-star-trek-movie-and-hes-completely-unrecognizable-amazon-founder-says-he-made-his-acting-debut-by-literally-begging">Jeff Bezos Is In A Star Trek Movie And He&#8217;s Completely Unrecognizable — Amazon Founder Says He Made His Acting Debut By &#8216;Literally Begging&#8217;</a>
On X, Rep. Ruben Gallego (D‑Ariz.), called the episode "government failure at its worst," noting the 120 dead and pledging to press Homeland Security's inspector general. House Democrats have already asked for that probe, citing agency staffing that has shrunk since 2023 and a Disaster Relief Fund nearing insolvency.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is government failure at its worst. During the deadliest Texas floods in years, FEMA help was delayed because of a policy requiring Kristi Noem's PERSONAL approval. We lost 120 lives. 170 people are still missing. I'm demanding a full investigation.
&mdash; Senator Ruben Gallego (@SenRubenGallego) <a href="https://twitter.com/SenRubenGallego/status/1944865472261881966?ref_src=twsrc%5Etfw">July 14, 2025</a></blockquote>
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As per a <a href="https://www.washingtonpost.com/politics/2025/07/14/abbott-trump-fema-texas-floods-disaster-response/">report</a> by The Washington Post, Texas Gov. Greg Abbott, once a FEMA critic, now seeks full federal reimbursement for rescue costs.
Why It Matters: During a late‑January 2025 briefing in Asheville, North Carolina, President Donald Trump announced he would abolish the Federal Emergency Management Agency. He labeled FEMA a "<a href="https://www.benzinga.com/news/25/01/43203763/trump-wants-to-get-rid-of-federal-emergency-agency-its-not-good-he-says-while-visiting-disasters-in-california-north-carolina">big disappointment</a>" and insisted states should handle disasters without "wasting time" on federal aid.
The administration had <a href="https://www.benzinga.com/news/25/04/44972378/trump-administration-denies-federal-disaster-aid-to-tornado-stricken-arkansas-pushing-responsibility-to-states">already faced criticism</a> after March tornadoes killed more than 40 people across Arkansas and nearby states. On April 11, it rejected Governor Sarah Huckabee Sanders' request for a major disaster declaration, citing executive orders that push recovery costs onto state and local governments.
Photo Courtesy: Consolidated News Photos on Shutterstock.com
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Chuck Schumer Says 'Trump Threw A Fit' When He Demanded Probe Into Secretary Kristi Noem's FEMA Staff Cut Impact On Texas Flood Relief

Reported Earlier, China Fixed Asset Investment (YoY) For June 2.8% Vs. 3.6% Est.; 3.7% Prior

Increased uncertainty remains on the outlook, both in terms of potential for further tariff changes as well as in the broader macroeconomic environment.
Segments Increased uncertainty remains on the outlook, both in terms of potential for further tariff changes as well as in the broader macroeconomic environment. Networks Sales growth in Q3 2025 is expected to be below 3-year average seasonality, reflecting higher Q2 IPR revenue from previously unlicensed periods. Adjusted gross margin in Q3 is expected to be in the range of 48% to 50%. Cloud Software and Services Sales growth in Q3 2025 is expected to be broadly similar to 3-year average seasonality.

Guidance

ERIC

Ericsson For Q3 Expects Network Growth Below Seasonal Norms On Prior IPR Revenue; Cloud Growth To Hold Steady; Guides Adj. Gross Margin At 48%-50%, Flags Tariff And Macro Uncertainty

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) could use Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) Display's crease-free screen technology for its <a href="https://www.benzinga.com/markets/tech/25/06/46008877/apples-foldable-iphone-may-arrive-in-2026-with-premium-pricing-sleek-design-in-focus">upcoming foldable iPhone</a>.
What Happened: In a post shared on Tuesday, Ming-Chi Kuo, an analyst at TF Securities, said Apple will adopt Samsung Display's (SDC) crease-free solution "to ensure stable mass production" of its first foldable iPhone, rather than relying on an in-house design.
The decision is set to benefit Samsung-aligned suppliers, particularly Fine M-Tec, which will supply display metal plates—internal hinge components critical to reducing screen creases during folding.
Crease-free durability is a <a href="https://www.benzinga.com/news/23/07/33346172/galaxy-z-flip-5-heres-what-samsung-needs-to-stay-on-top-of-the-flip-phone-race">key challenge in foldable</a> phones.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46311533/jeff-williams-once-tipped-as-tim-cooks-successor-to-retire-from-apple">Jeff Williams, Once Tipped As Tim Cook&#8217;s Successor, To Retire From Apple</a>
"Fine M-Tec is expected to begin shipping display metal plates in 1Q26," Kuo said, with projected volumes reaching 13–15 million units in 2026.
The plates, priced at $30–$35 each, use laser drilling to enhance stress distribution and crease resistance—far more advanced than traditional etching, according to Kuo.
Fine M-Tec, already a top supplier for Samsung's foldables, is poised to capture over 80% of Apple's metal plate orders.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Fine M-Tec: Leading Beneficiary of SDC&#39;s Crease-Free Display Solution for Foldable iPhone Full story<a href="https://t.co/nFNX0pmmKM">https://t.co/nFNX0pmmKM</a> <a href="https://t.co/M05vopZTtd">pic.twitter.com/M05vopZTtd</a>
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1944970599513907634?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
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Why It's Important: Previously, Kuo said that he expects Apple's first foldable iPhone to be <a href="https://www.benzinga.com/media/25/03/44165398/apples-foldable-ai-iphone-could-cost-over-2000-20-million-units-shipped-by-2027-analyst">priced between $2,000 and $2,500</a>. He also noted that Touch ID will likely return on the side button since Face ID may be dropped due to design and space limitations.
Earlier this month, it was reported that <a href="https://www.benzinga.com/markets/tech/25/07/46246152/iphone-sales-bounce-back-in-china-but-huawei-and-xiaomi-intensify-pressure">China's smartphone market</a> is projected to rebound strongly in the second quarter of 2025, led by Huawei Technologies and Apple.
Huawei is on track for the highest growth and may reclaim the top spot. Apple's sales rose in May thanks to early discounts on the iPhone 16 lineup, helping it secure the top position during the 618 shopping festival, with three iPhone models ranking among the best sellers.
In the second quarter, Apple's <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">iPhone revenue reached</a> $46.84 billion, up from $45.96 billion during the same period last year.
Price Action: AAPL shares dipped 0.029% in after-hours trading, following a 1.20% decline during the regular session, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicate that AAPL maintains an upward trend in the short term but shows a downward trend over the medium and long term. The stock's quality score remains solid, although its value rating is relatively lower. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/15010514/Screenshot-2025-07-15-at-10.27.50%E2%80%AFAM.png" alt="" class="wp-image-985059" /></a></figure>
Photo Courtesy: Prathmesh T on Shutterstock.com
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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.

AAPL

SSNLF

Apple's Foldable iPhone To Use Samsung's Crease-Free Display Tech, Says Top Supply Chain Analyst: What We Know

Telefonaktiebolaget L M (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) reported quarterly earnings of $0.14 per share which beat the analyst consensus estimate of $0.12 by 18.33 percent. This is a 1320 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $5.80 billion which missed the analyst consensus estimate of $5.94 billion by 2.33 percent. This is a 3.66 percent increase over sales of $5.60 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Telefonaktiebolaget LM Ericsson Q2 EPS $0.14 Beats $0.12 Estimate, Sales $5.80B Miss $5.94B Estimate

Japan&#8217;s 10-year government bond yield soared above 1.59% on Tuesday, reaching its highest level since 2008, as markets price in potential fiscal stimulus ahead of the July 20 Upper House election. The surge comes despite the Ministry of Finance reducing super-long bond issuances, signaling strong upward pressure on shorter-term rates.
What Happened: Lawrence McDonald, founder of the Bear Traps Report, highlighted the yield surge and warned that Japan&#8217;s role as the &#8220;planet Earth&#8217;s bond yield anchor for decades&#8221; is ending. 
&#8220;When central bankers distort the true cost of capital over longer and longer periods of time, there&#8217;s a price to pay for this charade; it&#8217;s not free,&#8221; McDonald wrote last week on X.
The yield spike reflects growing expectations of expanded fiscal spending, including potential consumption tax cuts, as Prime Minister Shigeru Ishiba&#8216;s Liberal Democratic Party faces political pressure. LDP support plunged to 24% in an NHK poll, its lowest since returning to power in 2012, <a href="https://japantoday.com/category/politics/japan-ruling-party-support-plunges-ahead-of-national-election-in-nhk-poll">reported</a> Japan Today.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x2A;JAPAN 10-YEAR GOVERNMENT BOND YIELD RISES TO HIGHEST SINCE 2008 &#8211; Bloomberg. <a href="https://t.co/TUwEwpJUhm">https://t.co/TUwEwpJUhm</a>
&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1944913081131315275?ref_src=twsrc%5Etfw">July 15, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">Nvidia Resumes H20 Shipments To China As Jensen Huang Meets Trump, Beijing Officials — &#8216;Fully Compliant&#8217; RTX PRO Aims To Bridge AI Cold War</a>
Why It Matters: Global bond markets are experiencing synchronized stress. UK long bond yields broke through 2022 &#8220;panic&#8221; highs, while French 30-year yields hit 4.21%, the highest since 2011. McDonald highlighted this pattern, asking &#8220;Japan, UK, and now France &#8211; what do bonds know?&#8221;
The bond selloff coincides with broader market concerns about commercial real estate debt. McDonald noted that much of the $5 trillion in U.S. commercial and multifamily mortgage debt sold between 2013-2021 at 2-3% coupons is now trading at 40-60 cents on the dollar.
Meanwhile, U.S. 10-year Treasury yields held above 4.43% as investors await inflation data that could influence Federal Reserve policy. President Donald Trump&#8216;s 25% potential tariffs on Japan, imposed after Tokyo&#8217;s unsuccessful attempts to negotiate, add additional pressure on Japanese assets.
The Nikkei 225 traded at 39,453.90, down 0.015%, while the yen weakened to 0.0068 against the dollar.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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