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Gorilla Tech Gr

Gorilla Technology Gr

Gorilla Technology Group Inc is engaged in providing information, software, and data processing services. It is a provider of video intelligence, Internet of Things (IoT) security, edge AI data analytics, and operational technology (OT) security solutions and services. Its reportable segments are video IoT and security convergence and Other segments.

Gorilla Technology Group Inc. - Ordinary shares

Gorilla Technology Group Inc

After a <a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may">steady May jobs report</a> that was released Friday, economists are at a crossroads about their view on the monetary policy. While some believe that the Federal Reserve should hold onto its &#8220;wait and see&#8221; stance, others affirm that the central bank can start cutting interest rates.
What Happened: While most economists were in consensus that the Federal Reserve should wait for the tariff implications to play out before cutting interest rates. Jamie Cox, the managing partner at Harris Financial Group, believed that the Fed should start cutting interest rates as soon as July.
&#8220;The labor market is strong, but cooling. I expect this report, with all its revisions, to bring the Fed back into cutting mode in July,&#8221; he said.
According to the data shared by the Bureau of Labor Statistics, the <a href="https://www.benzinga.com/markets/economic-data/25/06/45812372/us-labor-markets-defies-tariff-concerns-as-nonfarm-payrolls-wages-top-expectations-in-may">nonfarm payrolls</a> rose by 139,000 in May, beating consensus expectations of 130,000. However, it was lower than its average monthly gain of 149,000 over the last 12 months.
However, Chris Zaccarelli, the CIO at Northlight Asset Management said, &#8220;The Fed should be reluctant to cut rates because the full effects of tariffs haven't impacted inflation numbers yet and the job market isn't deteriorating enough to force their hand, which is why we don't expect them to cut rates until the end of this year, if at all.&#8221;
And Jeffrey Roach, the chief economist at LPL Financial, said, &#8220;If payroll growth trudges on like this, the Fed will likely remain in &#8216;wait and see&#8217; mode.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/markets/25/06/45828107/larry-summers-identifies-3-key-reasons-for-rising-us-debt-but-doesnt-think-trumps-big-beautiful-bill">Larry Summers Identifies 3 Key Reasons For Rising US Debt, But Doesn't Think Trump's ‘Big Beautiful Bill' Is The Medicine The Country Needs</a>
Why It Matters: Apart from nonfarm payrolls, the average hourly earnings rose 0.4% from a month ago and 3.9% from last year. Thus, the wages rose faster than inflation, giving workers some relief from inflation pressure.
The unemployment rate was unchanged at 4.2% and has been rangebound for the past year. The employed population stood at 59.7%, a decline from last month and still below the Jan 2020 level.
On Friday, senior economist Mohamed El-Erian said in an X post that the <a href="https://www.benzinga.com/markets/economic-data/25/06/45818251/trump-cheers-strong-jobs-data-renews-attack-on-feds-powell-rates-should-be-much-lower">central bank should wait</a> to cut the rates, given that &#8220;both May job creation and wage growth were higher than consensus forecasts.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One clear message from today's US jobs report is that, whatever the average expectations were for Fed rate cuts, they should now be somewhat smaller and somewhat later. Why? Because BOTH May job creation AND wage growth were higher than the consensus forecasts. Specifically, Job…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1930984774111199441?ref_src=twsrc%5Etfw">June 6, 2025</a></blockquote>
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The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 99.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. However, the odds of a cut increased over 60% for the September, October, and December meetings.
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 Friday. The SPY was up 1.03% to $599.14, while the QQQ advanced 0.98% to $529.92, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Monday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45816468/ai-data-centers-are-eating-electricity-and-these-3-energy-stocks-could-be-the-biggest-winners-says-analyst">AI Data Centers Are Eating Electricity — And These 3 Energy Stocks Could Be The Biggest Winners, Says Analyst</a></li>
</ul>
Photo courtesy: Domenico Fornas / Shutterstock.com

Economics

As Trump Flames Powell For Holding Back On Rate Cuts, Economists Divided On Fed's Approach

Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) announced on Monday that it has <a href="https://www.benzinga.com/pressreleases/25/06/b45831588/qualcomm-to-acquire-alphawave-semi" target="_blank" rel="noreferrer noopener">agreed to acquire</a> semiconductor company Alphawave IP Group Plc for approximately $2.4 billion in cash.
The purchase price implies <a target="_blank" href="https://www.londonstockexchange.com/news-article/market-news/recommended-acquisition/17075345" rel="noreferrer noopener">183 pence per share</a> for Alphawave, implying close to a 96% premium to the price immediately before Qualcomm disclosed its interest in the company.
The acquisition of Alphawave Semi aims to further accelerate, and provide key assets for, Qualcomm&#8217;s expansion into data centers. Qualcomm Oryon CPU and Hexagon NPU processors are well positioned to meet the growing demand for high-performance, low-power computing, which is being driven by a rapid increase in AI inferencing and the transition to custom CPUs in data centers, the company said in a press release.
Also Read: <a href="https://www.benzinga.com/media/25/05/45515826/taiwan-semiconductor-qualcomm-mediatek-team-up-to-power-next-gen-mobile-and-ai-chips" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor, Qualcomm, MediaTek Team Up To Power Next-Gen Mobile And AI Chips</a>
The deal, subject to regulatory and shareholder approval, will likely close in the first quarter of 2026. Qualcomm held $13.85 billion in cash and equivalents as of <a href="https://investor.qualcomm.com/overview/default.aspx" target="_blank" rel="noreferrer noopener">March 31, 2025</a>.
In May, JP Morgan&nbsp;analyst Samik Chatterjee&nbsp;said Alphawave has higher <a target="_blank" href="https://www.benzinga.com/25/05/45624771/qualcomm-eyes-alphawave-to-power-ai-and-data-center-growth-analyst-sees-strategic-fit" rel="noreferrer noopener">strategic importance for</a> Qualcomm, which has recently more explicitly outlined its intent to pursue the data center market as another pillar of growth and diversification.
The analyst said Alphawave&#8217;s acquisition and capabilities regarding data center connectivity IP would complement its earlier acquisition of Nuvia and its capabilities for designing data center CPUs and AI inference chips based on custom ARM cores.
Chatterjee expects Alphawave&#8217;s breadth of capabilities to add to Qualcomm&#8217;s portfolio, positioning the company to benefit from tailwinds related to strong growth in Custom silicon and ASIC adoption within AI infrastructure and development in content about connectivity products within AI data centers.
He added that Alphawave&#8217;s immediate contribution to Qualcomm&#8217;s financial performance is unlikely material, but the company expects synergies from its entry into the broader data center TAM.
Price Action: QCOM stock is trading higher by 0.19% to $149.52 premarket at last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45587680/emergence-of-ualink-as-a-viable-alternative-could-challenge-nvidias-dominance-analyst-asserts" target="_blank" rel="noreferrer noopener">Emergence Of UALink As A Viable Alternative Could Challenge Nvidia&#8217;s Dominance, Analyst Asserts</a></li>
</ul>
Photo via Shutterstock

News

Tech

QCOM

Qualcomm Bets $2.4 Billion On Alphawave To Power AI Data Centers

Dog-themed cryptocurrency Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) may be encountering a corrective phase, but analysts were hopeful of significant upside in the ongoing cycle.
What Happened:&nbsp;Javon Marks, a widely followed chartist, shared their analysis of Dogecoin&#8217;s potential trajectory on Sunday. He stated, 
&#8220;Dogecoin, by its previous cycles,&nbsp;has a high likeliness to&nbsp;make a run to and&nbsp;above $2.28,&#8221; Marks projected. Should the prediction come true, it&#8217;d mean a whopping 12x upside from the current price.
The analyst said these&nbsp;levels act as the 1.618&nbsp;Fibonacci Level,&nbsp;which DOGE managed to hit and exceed in previous bull cycles,&nbsp;making the chances of it&nbsp;happening again this cycle a&nbsp;bit higher.
Fibonacci retracement is a technical analysis tool that uses ratios derived from the Fibonacci sequence to determine probable support and resistance levels. These are then used to predict reversals or continuations. The 1.618 level, often referred to as the "golden ratio," is particularly significant.<a href="https://twitter.com/ali_charts/status/1909673597784015173" target="_blank" rel="noreferrer noopener"></a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> (Dogecoin), by its previous cycles, has a HIGH LIKELINESS TO MAKE A RUN TO AND ABOVE $2.28 &#x26a1;&#xFE0F;! Those levels act as the 1.618 Fib Level which prices in each bull cycle has met and exceeded making the chances of it happening again this cycle a bit higher&#8230; <a href="https://t.co/DpKjX2MW1z">pic.twitter.com/DpKjX2MW1z</a>
&mdash; JAVON&#x26a1;&#xFE0F;MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1931735492254736687?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
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Meanwhile, cryptocurrency trader Kamran Asghar noted DOGE&#8217;s &#8220;strong&#8221; structure within an ascending broadening wedge, setting a price target of as much as $3.8. 
The ascending broadening wedge is a bearish reversal pattern, as part of which price makes higher highs and higher lows before a downward breakout.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> maintains a strong structure within an Ascending Broadening Wedge &#x1f525; The target remains 3.8 as the pattern target.&#x1f680;<a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> <a href="https://t.co/cak0hcX1IJ">pic.twitter.com/cak0hcX1IJ</a>
&mdash; 
</blockquote></div></figure>

$DOGE

Is Dogecoin Price Set To Soar? Analyst Predicts Explosive Rally Ahead Amid Correction

Steep home prices and high mortgage rates are leading Gen Z to find innovative ways to become homeowners. One popular strategy seems to be co-purchasing homes with siblings.
What Happened: According to Bank of America's 2025 Homebuyer Insights Report, 22% of Gen Z homeowners reported purchasing their home with a sibling in 2025.
According to a Fortune <a href="https://fortune.com/2025/06/07/housing-market-trend-gen-z-homebuying-siblings-extra-jobs-family-loans/">report</a>, the figure is up from 12% in 2024 and 4% in 2023. At the same time, 30% of Gen Z buyers said they took on a second job to fund their down payment, compared to 28% the previous year and 24% the year before that.
Co-purchasing homes outside of romantic partnerships is on the rise. Almost 15% of Americans have done so, according to a 2024 JW Surety Bonds survey. Gen Z's main source of support is family. 21% of future Gen Z buyers plan to depend on family loans, compared to 15% of overall respondents.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/06/45830423/gen-z-feels-judged-for-their-money-decisions-and-half-faults-schools-for-budget-blowups-finds-poll">Gen Z Feels Judged For Their Money Decisions And Half Faults Schools For Budget Blowups, Finds Poll</a>
Why It Matters: <a href="https://www.benzinga.com/money/real-estate-forecast-for-the-next-10-years">Uncertainty in the housing market</a> has led <a href="https://www.benzinga.com/real-estate/25/06/45712505/75-of-homebuyers-are-waiting-for-lower-rates-report-finds">60% of current homeowners and would-be buyers to be unsure</a> if it is the right time to purchase. This is up from 57% in 2024 and 48% in 2023.
Despite challenges, BofA's head of consumer lending, Matt Vernon, said Gen Z is not waiting to take action: "They are finding creative ways to afford down payments and working hard to improve their financial futures."
The desire to own a home is still strong: "Even with the challenges they face, younger generations still understand the long-term value owning a home offers them," Vernon added.
U.S. Census Bureau data shows the homeownership rate for those under 35 fell to 36.3% in late 2024 but rose to 36.5% in early 2025. Redfin now reports home prices falling in 11 of the 50 largest metro areas, stating that the "<a href="https://www.benzinga.com/markets/25/06/45814493/its-a-buyers-market-redfin-reports-there-are-34-more-sellers-in-the-market-than-buyers">balance of power</a> in the U.S. housing market has shifted toward buyers."
Even though Zillow is projecting a 1.9% decline in values by year's end, Gen Z is not waiting for perfect conditions.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45809827/sam-altman-says-ai-can-replace-interns-but-gen-z-is-already-treating-it-like-a-work-buddy">Sam Altman Says AI Can Replace Interns, But Gen Z Is Already Treating It Like A Work Buddy</a></li>
</ul>
Photo courtesy: Shutterstock

Real Estate

Gen Z Turns To Siblings And Side Hustles To Afford Homes Amid Soaring Prices

WEX today announced that it has selected Sabre Direct Pay, a division of Sabre Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SABR#NASDAQ">SABR</a>), a leading global travel technology company, as part of a strategic global partnership to enhance payment solutions for travel agencies and other travel intermediaries. Through this collaboration, Sabre Direct Pay customers will gain access to WEX's virtual card technology, enabling a more secure and efficient payment process for travel-related purchases.
Sabre Direct Pay is Sabre's dedicated travel payments hub, designed to help agencies and travel service providers streamline transactions through secure, virtual card technology. This partnership with WEX – which currently works with eight of the top ten online travel agencies worldwide – will pave the way for a more seamless travel experience for travellers and accommodation partners on a global scale by simplifying transactions across multiple currencies, borders and time zones.

SABR

WEX Teams Up With Sabre to Boost Secure Travel Payments With Virtual Card Tech

Deutsche Bank has indicated that the ongoing immigration crackdown and subsequent decline in numbers is causing a more severe negative supply shock to the economy than the tariffs imposed by President Donald Trump.
What Happened: Since Trump&#8217;s inauguration, monthly encounters at the Southwest border have dropped sharply to 12,000, compared to an average of 200,000 between January 2022 and June 2024, <a href="https://fortune.com/2025/06/08/immigration-collapse-economy-workforce-labor-supply-shock-trump-tariffs-ice-raid/">reported</a> Fortune. his represents a more significant negative supply shock than the impact of Trump&#8217;s tariffs, the bank stated.
George Saravelos, head of FX research at Deutsche Bank, said in a note on Friday, &#8220;While everyone is focused on the impact of tariffs, the real story for the U.S. economy is the collapse in immigration: down more than 90% compared to the run rate of previous years, equivalent to a slowing in labour force growth of more than 2 million people.&#8221;
Deutsche Bank cautions that declining immigration could have broader effects on financial markets, including added pressure on the dollar, which is already feeling the impact of Trump's aggressive tariff policies. 
The bank also notes that the immigration crackdown may give the Federal Reserve further reason to postpone interest rate cuts, since a slower-growing workforce reduces the need for increased hiring to accommodate extra labor supply.
 "If recent immigration trends continue, it must follow that over the course of the year the reverse will happen. As the 2022 energy shock showed, a negative supply shock is not good news for a currency." cautioned Saravelos.
SEE ALSO: <a href="https://benzinga.com/news/politics/25/06/45830411/elon-musk-flexes-spacex-advantage-in-feud-with-trump-we-have-got-the-spaceships-and-they-do-not-get" target="_blank" rel="noreferrer noopener">Elon Musk Flexes SpaceX Advantage In Feud With Trump: &#8216;We Have Got The Spaceships And They Do Not&#8217; — Gets Support From This Republican</a>
Why It Matters: The analysts&#8217; warning comes in the light of Trump&#8217;s deployment of National Guard troops to California following two days of immigration raid protests, claiming the demonstrations obstructed federal law enforcement and suggesting they could be a "form of rebellion" against U.S. authority.
President Trump&#8217;s immigration policies have been a focal point of his administration. Earlier this month, he <a href="https://www.benzinga.com/news/legal/25/06/45786428/trump-shuts-the-door-on-permanent-immigration-and-most-visas-from-these-12-nations">barred </a>nearly all immigration and travel from 12 nations, citing poor vetting and terrorism threats. This move followed the introduction of a new 3.5% tax on remittance transfers from non-citizens, a measure that drew criticism for disproportionately affecting poor migrants.
These policies, along with plans for mass deportations, have drawn attention from economists and investors. They warn that these measures could <a href="https://www.benzinga.com/news/25/03/44067679/trumps-immigration-policy-could-be-the-key-to-inflation-and-market-shifts-investors-warn">significantly impact </a>the U.S. labor market, inflation, and even the Federal Reserve's decisions on interest rates. While tariffs have been a significant focus in financial discussions, the collapse in immigration could have an even more substantial effect on the economy.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/pressreleases/24/10/ab41310379/claritycheck-launches-innovative-reverse-lookup-tool-to-empower-users-against-digital-scams" target="_blank" rel="noreferrer noopener">ClarityCheck Launches Innovative Reverse Lookup Tool to Empower Users Against Digital Scams &#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.

Markets

'Collapse In Immigration' Poses A Bigger Economic Threat Than Trump's Tariffs, Warns Deutsche Bank: 'Negative Supply Shock Is Not Good News For A Currency'

Qualcomm Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) today announced that it has reached an agreement with Alphawave IP Group plc (AWE.L) ("Alphawave Semi") regarding the terms and conditions of a recommended acquisition by Aqua Acquisition Sub LLC, an indirect wholly-owned subsidiary of Qualcomm Incorporated, for the entire issued and to be issued ordinary share capital of Alphawave Semi at an implied enterprise value of approximately US$2.4 billion.

Qualcomm to Acquire UK's Alphawave Semi in $2.4B Deal to Boost Chip Capabilities

<h3>Companies Reporting Before The Bell</h3>
• 51 Talk Online Education (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/COE#AMEX">COE</a>) is estimated to report earnings for its first quarter. 
• Motorcar Parts of America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $190.70 million. 
• Graham (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $55.67 million. 
• VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) is estimated to report quarterly loss at $0.26 per share on revenue of $508.94 million. 
<h3>Companies Reporting After The Bell</h3>
• Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is likely to report quarterly earnings at $1.92 per share on revenue of $3.93 billion. 
• Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $124.12 million. 
• Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) is expected to report quarterly loss at $2.65 per share on revenue of $123.50 million. 
• Limoneira (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) is projected to report quarterly loss at $0.01 per share on revenue of $38.70 million. 
• Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $192.75 million. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $48.84 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

CASY

CMTL

CVGW

LAKE

LMNR

MPAA

SKIL

Earnings Scheduled For June 9, 2025

A Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 MAX 8 landed at the company&#8217;s Zhoushan completion center near Shanghai on Monday, signaling the resumption of deliveries to Chinese airlines after a month-long pause triggered by rising trade tensions.
What Happened: Flight tracking data from Flightradar24 showed the Xiamen Airlines-liveried aircraft departed Seattle on Saturday, refueling in Hawaii and Guam before arriving in China, according to a Reuters report.
The aircraft had previously been ferried to Zhoushan in March but returned to the U.S. in April when Chinese carriers stopped accepting new Boeing jets.
Boeing CEO Kelly Ortberg confirmed in a CNBC interview that several Boeing 737 MAX jets awaiting delivery in China were flown back to the U.S. due to <a href="https://www.benzinga.com/25/04/44960098/boeing-ceo-says-china-stopped-taking-airplane-deliveries-as-trade-war-rages">escalating trade tensions</a>. The halt followed President Donald Trump's move to raise tariffs on Chinese goods to 145%, prompting China to impose 125% tariffs on U.S.-made products, including aircraft.
Deliveries resumed after a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day tariff truce</a> was brokered in Geneva, reducing most mutual tariffs to 10%. However, the U.S. retained 20% tariffs on Chinese fentanyl-linked imports, keeping effective tariff levels at 30%.
In addition, Beijing lifted all non-tariff retaliatory measures imposed since April 2, including sanctions on select U.S. firms and restrictions on key mineral exports. U.S. Treasury Secretary Scott Bessent called the negotiations "very productive," adding that "neither side wants a decoupling."
China analyst Jeremy Chan said President Xi Jinping &#8220;has bowed to reality,&#8221; recognizing that <a href="https://www.benzinga.com/markets/25/06/45828073/xi-has-bowed-to-reality-says-china-analyst-urges-more-engagement-between-leaders-to-resolve-trade-is">&#8220;there is no substitute for direct negotiations with Trump,&#8221;</a> following a recent phone call between the leaders.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45830730/dan-ives-remains-bullish-on-tsla-stock-despite-trump-elon-musk-feud-expects-regulatory-framework-for-robotaxis">Dan Ives Remains Bullish On TSLA Stock Despite Trump, Elon Musk Feud, Expects Regulatory Framework For Robotaxis</a>
Why It Matters: China accounts for about 10% of Boeing's commercial aircraft backlog and is expected to generate 20% of global airplane demand over the next two decades. Roughly 50 Boeing jets are slated for delivery to Chinese carriers this year, saving the company from the costly task of finding alternate buyers.
In Q1 2025, Boeing's Commercial Airplanes revenue surged 75% year-over-year to $8.16 billion.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45830646/trump-musk-feud-moment-expected-by-generations-of-economics-students-vicious-fights-can-break-out-among-friends-over-budget-says-justin-wolfers">Trump-Musk Feud Moment &#8216;Expected&#8217; By Generations Of Economics Students: &#8216;Vicious Fights Can Break Out&#8217; Among Friends Over Budget, Says Justin Wolfers</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: JHVEPhoto / Shutterstock.com

Global

AAPL

AMZN

NVDA

Boeing 737 MAX Deliveries To China Restart After Month-Long Pause Amid Trade Tensions With US Over Trump's Tariffs

IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) and Oxford Ionics today announced they have entered into a definitive agreement for IonQ to acquire Oxford Ionics in a transaction valued at $1.075 Billion, which will consist of $1.065 Billion in shares of IonQ common stock and approximately $10 Million in cash (subject to customary closing adjustments and expenses).
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20250609933087/en/">https://www.businesswire.com/news/home/20250609933087/en/</a>
<img src="https://mms.businesswire.com/media/20250609933087/en/2491925/4/IonQ-Oxford_Ionics_Logo_lockup.jpg" alt="" />
IonQ is a leader in quantum computing and networking, developing high performance systems based on trapped ion technology, to help solve the world's most complex commercial and research challenges. Oxford Ionics holds the current world records for fidelity, which measures the accuracy of quantum operations.
The transaction will bring together IonQ's quantum compute, application and networking stack with Oxford Ionics' groundbreaking ion-trap technology manufactured on standard semiconductor chips. The combined technologies are expected to deliver innovative, reliable quantum computers that increase in power, scale, and problem-solving capabilities. Both companies expect to benefit from the other's complementary technologies, deep expertise, and IonQ's global resources and established customer base.
The combined company expects to build systems with 256 physical qubits at accuracies of 99.99% by 2026 and advance to over 10,000 physical qubits with logical accuracies of 99.99999% by 2027. The combined company anticipates extending its innovation by reaching 2 million physical qubits in its quantum computers by 2030, enabling logical qubit accuracies exceeding 99.9999999999%.
The quantum computing market is projected to create up to $850 billion of global economic value by 2040 according to Boston Consulting Group. The management teams believe the transaction will enable the combined company to pioneer breakthroughs in quantum computing. IonQ expects that combining with Oxford Ionics will help drive the creation of disruptive applications that enable substantial revenue growth opportunities.
Oxford Ionics' team is expected to play a vital role in the combined company's future. Both Oxford Ionics founders, Dr. Chris Ballance and Dr. Tom Harty, are expected to remain with IonQ after the acquisition is completed, continuing their pioneering work on quantum technology development in the UK. The combined entity also plans to expand its workforce in Oxford to further develop the UK's position as a leader in quantum computing.
The combined company expects to maintain all existing customer relationships, including government partnerships in both the UK and US. The company also plans to continue working with the UK National Quantum Computing Centre and the government's Quantum Missions program, driven by the Department for Science, Innovation and Technology and Innovate UK, helping to develop practical quantum computing applications in manufacturing, pharmaceuticals, and defense.
"IonQ's vision has always been to drive real-world impact in every era and year of quantum computing's growth. Today's announcement of our intention to acquire Oxford Ionics accelerates our mission to full fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030," said Niccolo de Masi, CEO of IonQ. "We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications.
De Masi continued, "We are pleased to welcome Oxford Ionics founders Dr. Chris Ballance and Dr. Tom Harty, and the rest of the Oxford Ionics team to IonQ. Their groundbreaking ion-trap-on-a-chip technology will accelerate IonQ's commercial quantum computer miniaturization and global delivery. Our combined path to millions of qubits by 2030 will help ensure unit economics, scale, and power as quantum computing rapidly evolves."
"We're tremendously excited to work alongside the world-class quantum computing and networking teams at IonQ. Together, we intend to move faster than any other player in the industry to deliver the leading fault-tolerant quantum computers with transformative value for customers," said CEO of Oxford Ionics, Dr. Chris Ballance. "At Oxford Ionics, we have not only pioneered the most accurate quantum platform on the market – we have also engineered a quantum chip capable of being manufactured in standard semiconductor fabs. We look forward to integrating this innovative technology to help accelerate IonQ's quantum computing roadmap for customers in Europe and worldwide."
The acquisition of Oxford Ionics follows IonQ's recent quantum computing and networking momentum, including the recent acquisition of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fnews%2Fionq-completes-acquisition-of-lightsynq-accelerating-quantum-computing-and&amp;esheet=54270896&amp;newsitemid=20250609933087&amp;lan=en-US&amp;anchor=Lightsynq&amp;index=1&amp;md5=2fe12d87be570c19cc1f7f3b5b299624">Lightsynq</a> and pending acquisition of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fnews%2Fionq-announces-plans-for-first-space-based-quantum-key-distribution-network&amp;esheet=54270896&amp;newsitemid=20250609933087&amp;lan=en-US&amp;anchor=Capella&amp;index=2&amp;md5=b2fb678d9da995dbe54c838166d06edf">Capella</a>.
To learn more, please join "IonQ's Path to Large-Scale, Fault-Tolerant Quantum Computing" webinar today, June 9th at 6:00 pm BST, 1:00 pm EST, 10 am PT. Register here: <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fevents%23registration-form&amp;esheet=54270896&amp;newsitemid=20250609933087&amp;lan=en-US&amp;anchor=https%3A%2F%2Fionq.com%2Fevents%23registration-form&amp;index=3&amp;md5=68bfff2baeb2a0bcc733933ad87a4aef">https://ionq.com/events#registration-form</a>
The number of shares of IonQ common stock to be issued will not be less than 21,143,538 shares or more than 35,241,561 shares, which is expected to equate to between 7.02% and 11.46% of the outstanding IonQ shares after the issuance, after giving effect to the expected issuance of shares to Capella shareholders upon closing that transaction. The final number of shares to be issued as consideration will be calculated using the volume-weighted average price for IonQ shares for the 20 trading days immediately preceding the third business day prior to the closing, but will not be more than $50.37 per share or less than $30.22 per share. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals. The transaction is expected to close in 2025.

IONQ

IonQ Buys Oxford Ionics in $1.075B Deal to Supercharge Quantum Computing Push

Financial expert and bestselling author Ramit Sethi, known for his books and the Netflix show How to Get Rich, recently shared a difficult but important conversation he had with his wife, Cassandra, before they got married: about prenups.
What Happened: In an <a href="https://podcasts.apple.com/us/podcast/ramit-and-cassandra-open-up-our-real-money-fights/id1577864998?i=1000710994153">episode</a> of his Money for Couples podcast, he and Cassandra spoke candidly about the lead-up to a prenuptial agreement before their 2018 wedding.
"I'm sweating thinking about it right now," Sethi admitted. "The first time I brought it up, I remember I had talked to so many people, gotten advice, planned what I was gonna say and I was very nervous about it."
Cassandra was open to the idea, but their conversation quickly turned sour. "We started going back and forth and I was very confused, very hurt because I'm like, ‘I'm not trying to trick anybody here,'" Sethi recalled.
The friction stemmed from their differing views of money. While Sethi focused on the numbers and tried to draw up a "generous" agreement, Cassandra was considering the emotional weight of the situation.
To resolve their issues, the couple consulted a therapist. "That really opened up conversations that we hadn't been able to have because my answer was like, ‘growth, of course, look at the compounding.' And her answer was, ‘safety,'" Sethi said.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/06/45813139/ramit-sethi-gives-advice-for-anyone-whos-trying-to-build-a-rich-life-question-the-things-you-spend-money-on">Ramit Sethi Gives Advice For Anyone Who&#8217;s Trying To Build A Rich Life: &#8216;Question The Things You Spend Money On&#8217;</a>
Why It Matters: Money managers and <a href="https://www.benzinga.com/news/legal/25/04/44785964/why-marriage-may-be-the-most-important-business-decision-you-make">legal experts often regard prenups as an essential aspect of marriage</a>. Suze Orman <a href="https://www.cnbc.com/2020/03/11/why-suze-orman-says-you-should-always-get-a-prenup.html">highlighted this</a> in 2020: "If you cannot talk money to the person that you are about to marry, you are doomed for failure because money is going to run through your relationship more than anything else."
Dave Ramsey has also <a href="https://www.benzinga.com/personal-finance/24/08/40261201/22-year-old-inherits-1-5-million-asks-the-ramsey-show-if-she-should-get-a-prenup-dave-recommends">advised many individuals</a> who call in to his show to sign prenuptial agreements, and recommended that couple <a href="https://www.benzinga.com/personal-finance/24/04/38360464/dave-ramsey-says-when-you-get-married-combine-all-money-preacher-didnt-say-and-now-youre-a-joint">join their finances</a> instead of splitting costs.
The Sethis eventually found common ground and regard the prenup conversation as a milestone in their relationship, setting the stage for a solid marriage in the years that followed.   
The number of Americans considering prenups is on the rise. According to a Harris poll conducted in 2022, the number of people who have signed a prenup has climbed to 15%, compared to just 3% in 2010.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/06/45798378/ramit-sethi-reveals-how-to-have-better-finances-than-95-of-people-in-three-months-you-dont-need-a-6-figure-salary">Ramit Sethi Reveals How To Have Better Finances Than 95% Of People In Three Months: &#8216;You Don&#8217;t Need A 6-Figure Salary&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Personal Finance

This Is The One Money Talk You Need To Have Before Getting Married: Ramit Sethi Reveals How It Left Him Sweating And Confused

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 Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 400 points during the session following the release of jobs data.
Nonfarm payrolls rose by 139,000 in May, beating consensus expectations of 130,000, according to data released Friday by the Bureau of Labor Statistics. Average hourly earnings rose 0.4% in May, the strongest monthly increase since January and ahead of the expected 0.3%. The US unemployment rate came in steady at 4.2% for May.
Shares of ABM Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) fell more than 9% on Friday after the company reported results for the second quarter. DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares dipped 19% during the session following first-quarter results.
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, energy and communication services stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 443 points to 42,762.87 on Friday. The S&amp;P 500 rose 1.03% to 6,000.36, while the Nasdaq Composite climbed 1.20% to 19,529.95 during Friday's session.
Investors are awaiting earnings results from Motorcar Parts of America Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>), Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) and Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 63.3, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 59.4.
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.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

DOCU

S&P 500 Hits 6,000 Level Following Positive Jobs Data: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

NASA and Pentagon officials have taken swift action to urge competitors of&nbsp;Elon Musk&#8216;s&nbsp;SpaceX,&nbsp;including&nbsp;Jeff Bezos&#8216;s&nbsp;Blue Origin, to expedite the development of alternative rockets and spacecraft following the public feud between President Donald Trump and Musk.
What Happened: The government officials were taken aback by Musk&#8217;s response to Trump&#8217;s threat. Musk, in turn, threatened to cease&nbsp;flying its Dragon spacecraft, a&nbsp;critical component of NASA&#8217;s astronaut transportation&nbsp;to the International Space Station.&nbsp;Although Musk later retracted this threat, it caused significant concern among NASA and Pentagon officials, <a href="https://www.washingtonpost.com/technology/2025/06/07/trump-musk-spacex-nasa-national-security/">according</a> to a report by&nbsp;The Washington Post.
Following the public disagreement, government officials have approached commercial space companies, including Rocket Lab, Stoke Space and Jeff Bezos&#8217;s Blue Origin, to inquire about the readiness of their rockets for government missions.
During Trump's first term, he frequently criticized the Bezos-owned Washington Post. However, in March, Trump praised Bezos&#8217; move to make<a href="https://www.benzinga.com/news/25/03/44371691/trump-praises-jeff-bezos-recent-moves-with-washington-post-hes-trying-to-do-a-real-job"> significant changes</a> with the Washington Post and said, &#8216;He&#8217;s trying to do a real job.&#8217;
SpaceX, a major recipient of government contracts, is responsible for transporting astronauts&nbsp;and cargo to the ISS,&nbsp;launching Pentagon satellites, and developing intelligence agency satellites. The growing tension between Musk and Trump intensified after the White House withdrew Musk-ally, Jared Isaacman&#8216;s nomination for NASA administrator.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45808431/xi-has-bowed-to-reality-says-china-analyst-urges-more-engagement-between-leaders-to-resolve-trade-i" target="_blank" rel="noreferrer noopener">Xi Has &#8216;Bowed To Reality,&#8217; Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: &#8216;No Substitute For Direct Negotiations With Trump&#8217;</a>
Why It Matters:&nbsp;This recent development underscores the potential impact of political tensions on the space industry. It also highlights the increasing competition in the sector, with companies like Blue Origin making significant strides in their space exploration efforts. Just recently, Blue Origin <a href="https://www.benzinga.com/news/space/25/06/45788673/jeff-bezos-blue-origin-reveals-new-space-vehicle-for-lunar-and-martian-missions">unveiled </a>a new vehicle for lunar and Martian missions, further cementing its position as a key player in the industry.
Bezos&#8217; Blue Origin has been a key player in the space industry, competing directly with SpaceX. Bezos has also made moves in the satellite internet market, launching the first <a href="https://www.benzinga.com/media/25/04/45058299/elon-musks-starlink-empire-gets-new-challenger-in-shape-of-jeff-bezos-amazon-project-kuiper-deploys-first-operational-satellites">operational </a>satellites for his ambitious Project Kuiper, which directly challenges Musk&#8217;s Starlink. 
Meanwhile, Bezos has been making efforts to improve his relationship with Trump, a move that could potentially impact Amazon&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) sprawling business. The Amazon founder appears to be seeking a reset by visiting Mar-a-Lago, contributing $1 million to Trump's inauguration and reportedly signing a $40 million documentary deal with First Lady Melania Trump.
Benzinga's Edge Rankings place Amazon in the 70th percentile for quality and the 97th percentile for growth, reflecting its strong performance in both areas. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09035545/Screenshot-2025-06-09-at-1.25.39%E2%80%AFPM.png" alt="" class="wp-image-942790" /></a></figure>
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock plunged 14.09% over the last five days, possibly due to Elon Musk's departure from the White House and his ongoing feud with President Trump.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/sports/25/06/45829858/shaq-settled-on-angel-reese-for-reebok-endorsement-due-to-budget-constraints-i-had-to-deal-with-something-i-never-had-to-deal-with" target="_blank" rel="noreferrer noopener">Shaq Settled on Angel Reese for Reebok Endorsement Due to Budget Constraints: &#8216;I Had To Deal With Something I Never Had To Deal With&#8217; &#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.

TSLA

Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud

Billionaire investor and television personality Mark Cuban has been an avid cryptocurrency advocate over the years, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) receiving special attention in his social media posts and interviews.
What happened: Cuban has been a proponent of Bitcoin's safe haven narrative, even deeming it a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">&#8220;better version of gold</a>.&#8221; He argued that, in addition to being as good as gold as a hedge against economic downturns, Bitcoin is &#8220;easier&#8221; to buy, trade and transfer globally. 
The "Shark's" conviction was tested during Bitcoin's April downturn. The apex cryptocurrency had<a href="https://www.benzinga.com/25/04/44669943/why-is-bitcoin-down-today-trump-tariffs-spark-market-panic-as-btc-slides-below-75k"> plunged below $75,000</a> in early April, marking its lowest level in months. This drop was triggered by President Donald Trump's sweeping tariff measures, which reignited fears of a global recession and led to a sharp sell-off in risk assets.
Cuban, however, appeared unfazed. During an X conversation, he called <a href="https://www.benzinga.com/25/04/44704749/mark-cuban-pitched-bitcoin-as-a-hedge-against-economic-turmoilno-surprises-the-shark-still-finds-btc-a-better-buy-amid-tariff-woes">Bitcoin &#8220;a better buy,&#8221;</a> potentially suggesting that firms may benefit from hoarding the asset.
<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">You will eventually be right. But btc is probably a better buy right now.
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1908344893862269417?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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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/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Two months later, his statements sound like good investment advice. Bitcoin embarked on a<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45637742/bitcoin-performing-exceptionally-well-says-markets-commentator-as-btc-helps-fuel-a-42-crypto-market-recovery-from-april-lows"> record-shattering rally</a> in May, hitting a new all-time high of $111,970.17.
Since Cuban called Bitcoin a better buy, the cryptocurrency has jumped 27% and nearly 40% from its April lows. So, if you invested $1000 in Bitcoin following Cuban's commentary, it would be worth $1270 today.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $105,586.25, up 0.09% 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>.&nbsp;
Read Next:&nbsp;
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<li><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></li>
</ul>
Image Via Shutterstock/Frame Stock Footage

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

Cryptocurrency

$BTC

Bitcoin Is Up 27% Since Mark Cuban Called The Top Cryptocurrency A 'Better Buy' Amid Trump Tariff-Fueled Downturn

Cathie Wood, founder of ARK Invest, says history shows artificial intelligence will generate "many more jobs than it displaces," pushing back on fears that chatbots and humanoid robots will wipe out careers.
What Happened: Wood made the case in a weekend X thread after taping Steven Bartlett's "Diary of a CEO" <a href="https://www.youtube.com/watch?v=ZznpMh0DegE&amp;list=PL22egh3ok4cP0T7UZRmP6TMLErZYWMN-l">podcast</a>. Wood told Bartlett that baby-boomer retirements and smaller follow-on generations already constrain the labor pool, so companies will use AI to boost productivity rather than slash payrolls. 
"We'll see more people taking risks on themselves," she said, predicting the traditional corporation "will change radically."
After the interview, Wood asked OpenAI's ChatGPT and xAI's Grok 3 to list occupations that don't exist yet. &#8220;ChatGPT and Grok3 were full of job ideas, &#8221; she said. She urged followers to "test them yourselves" and include sci-fi, &#8220;ideas from futurists&#8221; in their prompts.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/StevenBartlett?ref_src=twsrc%5Etfw">@StevenBartlett</a> drilled into the impact of AI and robotics on our jobs, all jobs. History shows that new technologies create many more jobs than they displace. We do not think that this time will be different. After our interview, I asked chatGPT and Grok3 for a list of new… <a href="https://t.co/FxSa6oI4Fr">https://t.co/FxSa6oI4Fr</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1931383026828665058?ref_src=twsrc%5Etfw">June 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See also: <a href="https://www.benzinga.com/news/politics/25/06/45831188/gavin-newsom-to-sue-trump-administration-over-national-guard-deployment-dares-border-czar-homan-to-arrest-him">Gavin Newsom To Sue Trump Administration Over National Guard Deployment, Dares Border Czar Homan To &#8216;Arrest&#8217; Him</a>
The post aligns with Wood's long-held thesis that innovation cycles ultimately expand employment. Last month, she argued <a href="https://www.benzinga.com/government/regulations/25/05/45344120/cathie-wood-says-ai-innovation-in-healthcare-will-be-more-profound-than-autonomous-taxi-networks-humanoid-robots">AI advances in health care</a> could rival autonomous taxis in economic impact.
Why It Matters: Wood&#8217;s numerous Ark Invest funds have been loading up on chipmakers and software firms she says will power that boom. ARK flagship fund, ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), added to its AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stake <a href="https://www.benzinga.com/markets/tech/25/06/45779874/cathie-wood-snaps-up-more-amd-shares-as-ark-invest-bets-big-on-chip-stocks">last week</a> and has been <a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-by-short-sellers">buying</a> Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) and other data-rich platforms.
Wood has also been buying shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), aiming for <a href="https://www.benzinga.com/25/05/45635104/cathie-wood-dumps-9-9m-tesla-despite-musks-24-7-pledge-loads-up-on-nvidia-before-earnings">broad-based exposure</a> to the AI chip market rather than betting on a single winner.
The &#8220;disruptive tech&#8221; investor in May also pointed to <a href="https://www.benzinga.com/25/05/45319531/cathie-wood">AI as a force</a> that will &#8220;disrupt the traditional world order&#8221; and predicted that everyone will have an AI-powered personal assistant in the future.
Photo Courtesy: twenty1studio On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/06/45830824/niall-ferguson-says-us-and-china-locked-in-a-cold-war-larry-summers-calls-it-hostile-codependence">Niall Ferguson Says US And China Locked In A &#8216;Cold War&#8217; — Larry Summers Calls It &#8216;Hostile Codependence&#8217;</a>

Equities

ARKK

Cathie Wood Sharers Her Take On Chatbots And Robots Taking Human Jobs: 'We'll See More People Taking Risks'

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Motorcar Parts of America Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) to report quarterly earnings at 20 cents per share on revenue of $190.70 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Motorcar Parts of America shares gained 4.5% to $12.45 in after-hours trading.</li>
<li>Analysts are expecting Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) to post quarterly earnings at 19 cents per share on revenue of $55.67 million. The company will release earnings before the markets open. Graham shares rose 3.8% to $43.58 in after-hours trading.</li>
<li>Children&#8217;s Place Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) posted weaker-than-expected results for its first quarter after the closing bell on Friday. The company reported quarterly losses of $1.52 per share, which missed the analyst consensus estimate of losses of 51 cents per share. The company reported quarterly sales of $242.13 million, which missed the analyst consensus estimate of $260.62 million. Children&#8217;s Place shares</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the markets close, Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is projected to post quarterly earnings at $1.96 per share on revenue of $3.93 billion. Casey&#8217;s shares slipped 0.1% to $443.50 in the after-hours trading session.</li>
<li>Analysts expect Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) to post quarterly earnings at 53 cents per share on revenue of $201.48 million after the closing bell. Calavo Growers shares fell 0.3% to $27.61 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo courtesy: Andriy Blokhin / Shutterstock.com

PLCE

Motorcar Parts of America, Casey's General Stores And 3 Stocks To Watch Heading Into Monday

California Governor Gavin Newsom (D) has announced that the state will file a lawsuit against the Trump administration over the deployment of the National Guard to quell protests in Los Angeles.
What Happened:&nbsp;Newsom revealed the lawsuit during an interview with MSNBC on Sunday. The legal action is aimed at challenging the federalization&nbsp;of the California National Guard&nbsp;by the Trump administration without the state&#8217;s consent, a move that Newsom deems unprecedented in U.S. history,&nbsp;<a href="https://www.msnbc.com/msnbc/watch/gov-newsom-tells-president-trump-to-stand-down-amid-l-a-protests-241152581707">reported</a>&nbsp;MSNBC.
"And we're going to test that theory with a lawsuit tomorrow," Newsom stated. &#8220;They never coordinated with the governor of the state,"&nbsp;he added.
Newsom also responded to remarks by border czar Tom Homan, who implied he might arrest Newsom or Los Angeles Mayor Karen Bass if they obstructed his actions. In reply, Newsom challenged him, saying, "Arrest me. Let's go."
Newsom also criticized Trump&#8217;s Truth Social post, where he praised the National Guard for a &#8220;great job&#8221; even though they weren&#8217;t deployed at the time.&nbsp;He described the post as &#8220;Orwellian, simply lying to people,&nbsp;unconstitutional, illegal act, his mess.&nbsp;We're trying to clean it&nbsp;up.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45830251/elon-musks-political-party-to-launch-in-2025-odds-rise-on-polymarket-the-crypto-betting-market-now-partnered-with-x" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X &#8211; Benzinga</a>
Why It Matters: The lawsuit comes after Newsom called the <a href="https://www.benzinga.com/news/politics/25/06/45830221/gavin-newsom-calls-deployment-of-national-guard-in-los-angeles-unlawful-says-there-was-no-problem-until-trump-got-involved-serious-breach-of-state-sovereignty">deployment </a>of National Guard troops in Los Angeles &#8220;unlawful&#8221; and a &#8220;serious breach of state sovereignty&#8221; on Sunday. The deployment, which included around 300 National Guard members, was part of Trump's broader effort to crack down on immigration protests.
Meanwhile, the protests in Los Angeles turned violent, with protesters <a href="https://www.benzinga.com/markets/tech/25/06/45830565/multiple-waymo-vehicles-set-on-fire-during-los-angeles-anti-ice-protests-elon-musk-says-this-is-not-ok">reportedly </a>vandalizing over five of Alphabet&#8216;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>) Waymo robotaxis during clashes with the police. 
The protests were against the Trump administration's crackdown on immigration into the U.S., with the Immigration and Customs Enforcement (ICE) carrying out high-profile raids and reportedly detaining several undocumented individuals.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/news/politics/25/06/45830286/ron-desantis-takes-a-dig-at-california-says-state-officials-living-in-a-leftist-information-bubble-" target="_blank" rel="noreferrer noopener">Ron DeSantis Takes A Dig At California, Says State Officials Living In A &#8216;Leftist Information Bubble&#8217; Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor</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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<li>Atopic dermatitis is a chronic disease that disproportionately impacts communities of color</li>
<li>Dupixent achieved 75% or greater improvement in overall disease severity, the primary endpoint, in more than three-quarters of treated patients</li>
<li>Patients experienced substantial reductions in hyperpigmentation, dry skin and itch from baseline</li>
<li>Results support commitment to enhance clinical understanding of chronic diseases in communities of color</li>
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