La cadena de opciones muestra datos clave de las opciones de acciones de JE Cleantech Hldgs a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para JE Cleantech Hldgs..

JE Cleantech Hldgs (NASDAQ:JCSE) Bolsa, Cadena de Opciones

JE Cleantech Hldgs

JE Cleantech Holdings Ltd is engaged in the manufacturing and selling of cleaning systems and other equipment that can be categorized into four different categories, namely aqueous washing systems, plating and cleaning systems, train cleaning systems, and other equipment, such as filtration units. The product lives of its cleaning systems and other equipment range from two to ten years. The company is also into designing, developing, and manufacturing other cleaning systems for various industrial end-use applications using its R&D and engineering capabilities. It derives a majority of its revenue from Singapore.

JE Cleantech Holdings Limited - Ordinary Shares

JE Cleantech Holdings Ltd

Lazard, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) reported today that its preliminary assets under management ("AUM") as of April 30, 2025 totaled approximately $231.4 billion. The month's AUM included FX appreciation of $5.1 billion, market depreciation of $0.9 billion, and net outflows of $0.2 billion.
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="4" rowspan="1">
LAZARD, INC.
ASSETS UNDER MANAGEMENT ("AUM")
(unaudited)
($ in millions)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">As of:</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">April 30,</td>
<td colspan="1" rowspan="1">March 31,</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">20251</td>
<td colspan="1" rowspan="1">2025</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Equity</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$176,313</td>
<td colspan="1" rowspan="1">$174,130</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Fixed Income</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">46,341</td>
<td colspan="1" rowspan="1">44,024</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Other</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">8,754</td>
<td colspan="1" rowspan="1">9,273</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Total AUM</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">$231,408</td>
<td colspan="1" rowspan="1">$227,427</td>
</tr>
<tr>
<td colspan="4" rowspan="1">(1) Preliminary – subject to adjustment</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

News

Lazard Reports $231.4 Billion in Assets Under Management, Driven by FX Gains and Strong Equity Growth

Telsey Advisory Group analyst Joseph Feldman maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and maintains $115 price target.

Price Target

Analyst Ratings

Telsey Advisory Group Maintains Outperform on Walmart, Maintains $115 Price Target

Benchmark analyst David Williams maintains Diodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) with a Buy and lowers the price target from $65 to $55.

DIOD

Benchmark Maintains Buy on Diodes, Lowers Price Target to $55

Sally Beauty Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBH#NYSE">SBH</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.39 by 7.69 percent. This is a 20 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $883.15 million which missed the analyst consensus estimate of $901.47 million by 2.03 percent. This is a 2.78 percent decrease over sales of $908.36 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Sally Beauty Holdings Q2 Adj. EPS $0.42 Beats $0.39 Estimate, Sales $883.15M Miss $901.47M Estimate

Fortrea Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) affirms FY2025 sales outlook from $2.45 billion-$2.55 billion to $2.45 billion-$2.55 billion vs $2.48 billion estimate.

Guidance

FTRE

Fortrea Holdings Affirms FY2025 Sales Guidance of $2.45B-$2.55B vs $2.48B Est

Fortrea Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.07) by 128.57 percent. This is a 140 percent increase over losses of $(0.05) per share from the same period last year. The company reported quarterly sales of $651.30 million which beat the analyst consensus estimate of $608.34 million by 7.06 percent. This is a 1.63 percent decrease over sales of $662.10 million the same period last year.

Fortrea Holdings Q1 Adj. EPS $0.02 Beats $(0.07) Estimate, Sales $651.30M Beat $608.34M Estimate

HC Wainwright &amp; Co. analyst Scott Buck maintains SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) with a Buy and lowers the price target from $26 to $18.

SOUN

HC Wainwright & Co. Maintains Buy on SoundHound AI, Lowers Price Target to $18

Babcock & Wilcox To Exchange $131.8M Of Senior Notes For $100.8M In New 8.75% Secured Notes Due 2030

On Friday, May 9th, U.S. markets closed mixed, as investors focused on Trump&#8217;s call to lower Chinese tariffs ahead of weekend trade talks. While earnings remained strong, concerns over trade tensions and economic risks kept markets subdued. Energy stocks gained, but healthcare lagged, and Fed officials warned of growing tariff-related risks.
According to economic data, U.S. jobless claims dropped by 13,000 to 228,000, beating the 230,000 estimate, while nonfarm labor productivity fell by 0.8%, slightly worse than the expected 0.7% decline.
Most S&amp;P 500 sectors ended higher Friday, led by real estate, consumer discretionary, and energy. Health care and communication services declined.
The Dow Jones Industrial Average was down 0.29% at 41,249.38, the S&amp;P 500 declined 0.07% to 5,659.91, and the Nasdaq was almost flat at 17,928.92.
Asia Markets Today
<ul class="wp-block-list">
<li>On Monday, Japan&#8217;s Nikkei 225 closed 0.42% higher at 37,660.00, led by gains in the Real Estate, Banking, and Textile sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.03%, ending the session at 8,233.50, led by gains in the Energy, Resources, and Metals &amp; Mining sectors.</li>
<li>India&#8217;s Nifty 50 was up 3.81% at 24,924.05, and Nifty 500 rose 3.84% to 22,512.15.</li>
<li>China&#8217;s Shanghai Composite gained 0.82% to 3,369.24, and the Shanghai Shenzhen CSI 300 was up 1.16% to 3,890.61.</li>
<li>Hong Kong&#8217;s Hang Seng closed the session 2.98% higher at 23,549.46.</li>
<li>The U.S. and China agreed to a 90-day pause and mutual tariff cuts, easing fears of further escalation. Stocks and currencies rallied, though some high levies remain and economic risks linger.</li>
</ul>
Also Read: <a target="_blank" 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" rel="noreferrer noopener">Apple, Amazon, Nvidia Rise In Monday Premarket As U.S., China Agree To 90-Day Tariff Truce: &#8216;Neither Side Wants A Decoupling&#8217;</a>
Eurozone at 05:45 AM ET
<ul class="wp-block-list">
<li>The European STOXX 50 index was up 1.85%.</li>
<li>Germany&#8217;s DAX index gained 1.12%.</li>
<li>France&#8217;s CAC 40 rose 1.51%.</li>
<li>The U.K.&#8217;s FTSE 100 index traded higher by 0.42%.</li>
<li>European stocks rose on hopes of a China-U.S. trade deal, oil prices climbed, and UniCredit posted record profits. Meanwhile, markets eyed a likely ECB rate cut in June.</li>
</ul>
Commodities at 05:45 AM ET
<ul class="wp-block-list">
<li>Crude Oil WTI was trading higher by 3.10% at $62.91/bbl, and Brent was up 2.88% at $65.69/bbl.</li>
<li>Natural Gas gained 0.55% to $3.816.</li>
<li>Gold was trading lower by 3.69% at $3,220.96, Silver was down 1.96% to $32.265, and Copper rose 0.11% to $4.6570.</li>
</ul>
U.S. Futures at 05:45 AM ET
Dow futures were up 2.20%, S&amp;P 500 futures declined 2.82%, and Nasdaq 100 futures rose 3.80%.
Forex at 05:45 AM ET
<ul class="wp-block-list">
<li>The U.S. dollar index gained 1.31% to 101.66, the USD/JPY rose 1.89% to 148.11, and the USD/AUD rose 0.25% to 1.5635.</li>
<li>The dollar jumped to a one-month high after a U.S.-China tariff truce boosted investor confidence, lifting it sharply against the yen and Swiss franc. Easing geopolitical tensions and optimism over further trade talks also supported gains.</li>
</ul>
Photo via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia And Europe Markets Advance On China-US Tariff Pause, Oil Gains 3% - Global Markets Today While US Slept

ImmunityBio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.13) by 15.38 percent. This is a 25 percent increase over losses of $(0.20) per share from the same period last year. The company reported quarterly sales of $16.52 million which beat the analyst consensus estimate of $16.02 million by 3.13 percent. This is a 41.19K percent increase over sales of $40.00 thousand the same period last year.

IBRX

ImmunityBio Q1 EPS $(0.15) Misses $(0.13) Estimate, Sales $16.52M Beat $16.02M Estimate

The U.S. government is hemorrhaging hundreds of billions of dollars every year to fraud, a chunk of which is leeched by sophisticated overseas digital crime rings using stolen identities.
What Happened: The Government Accountability Office estimates up to $521 billion in fraud losses annually, but former GAO official Linda Miller, speaking <a href="https://www.youtube.com/watch?v=0WZjFRdHjkk">on</a> 60 Minutes, shares her belief that the real figure is closer to $750 billion. "We're coming up close to the $1 trillion amount," she said.
The problem intensified during COVID-19 when digital systems went online. "It was like they threw money in the air and just let people run around and grab it," Miller said. Federal Bureau of Investigation Cyber Division Chief Bryan Vorndran confirmed: "These are arguably digital gangs&#8230; their governments are not gonna interrupt their activity even if it's illegal."
A key 2024 FBI bust revealed $6 billion in fraudulent pandemic unemployment claims. In another case, the Chinese hacking group APT41 siphoned off $60 million by generating fake unemployment claims with stolen American identities.
Disaster aid, food stamps, tax refunds, and more federal programs are being targeted by these fraudsters. "It's whack-a-mole," Miller said. "They're seeing where better controls are being put in place and going where they haven't."
See Also: <a href="https://www.benzinga.com/25/05/45341262/trumps-millionaire-tax-more-of-a-symbolic-gesture-than-step-towards-reducing-inequality-warn-experts-its-going-to-give-a-lot-of-republicans-heartburn">Trump&#8217;s Millionaire Tax More Of A Symbolic Gesture Than Step Towards Reducing Inequality, Warn Experts: &#8216;It&#8217;s Going To Give A Lot Of Republicans Heartburn&#8217;</a>
Why It Matters: The U.S. government is a prime target due to its immense financial reach. "All of our <a href="https://www.benzinga.com/tech/25/05/45336132/major-data-breach-exposes-social-security-numbers-financial-records-and-much-more">personally identifiable information</a>&#8230; is available on the dark net," said Vorndran. "And it can likely be purchased." For as little as two dollars, criminals can buy the digital identities of Americans and make use of AI tools like deepfakes to <a href="https://www.benzinga.com/tech/25/02/43759346/massive-data-breach-exposes-americans-financial-details-names-card-numbers-pins-and-more-at-risk">sidestep security checks</a>.
Some perpetrators are reportedly on foreign payrolls. "They just wanna make money for themselves," Vorndran said of Chinese-linked APT41, which laundered stolen funds via shell companies. "Very little" of the $60 million they stole has been recovered.
DOGE, the Department of Government Efficiency under President Donald Trump&#8216;s administration, and led by Tesla Inc. CEO Elon Musk, <a href="https://www.benzinga.com/markets/25/04/45034082/elon-musks-doge-saves-160-billion-but-could-lead-to-billions-in-hidden-costs-for-taxpayers-warns-new-analysis-public-will-end-up-paying-for-this">claims to have saved taxpayers $160 billion</a>, but critics say it often confuses <a href="https://www.benzinga.com/25/05/45311187/the-picture-of-the-worlds-richest-man-killing-the-worlds-poorest-children-is-not-a-pretty-one-says-bill-gates-slamming-elon-musk-over-abrupt-usaid-cuts">spending on certain programs</a> with actual fraud. "You may not like spending on foreign fertilizer, but that's not fraud," Miller noted.
Despite <a href="https://www.benzinga.com/news/25/04/44707473/aprils-social-security-changes-how-new-rules-could-affect-your-check">efforts</a> to tackle this pressing issue, experts say fraud continues mostly unchecked. Vorndran admitted: "In the U.S. government, we're all outnumbered."
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45340947/mastercard-cfo-sees-paradigm-shift-away-from-web-browsers-for-shopping-says-ai-will-soon-let-people-shop-and-pay-through-chat">Mastercard CFO Says Shoppers Ready To Abandon The Web Browser In Favor Of AI Agents: &#8216;Paradigm Shift&#8217; Unfolding</a></li>
</ul>
Image Via Shutterstock

Government

General

US Fraud Losses May Hit $1 Trillion As Digital Gangs Exploit Stolen American Identities, Ex-GAO Official Says, With FBI Cyber Division Chief Admitting: 'All Of Our Personally Identifiable Information… Is Available On The Dark Net' For Just $2

American Bitcoin Corp. ("American Bitcoin" or the "Company"), a Bitcoin accumulation platform focused on building America's Bitcoin infrastructure backbone, today announced that it has entered into a definitive merger agreement with Gryphon Digital Mining, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) ("Gryphon") pursuant to which Gryphon will acquire American Bitcoin in a stock-for-stock merger transaction. Upon closing, the combined company will operate under the American Bitcoin brand, led by the management and board of directors of American Bitcoin. The combined company is expected to trade on Nasdaq under the ticker symbol "ABTC."
 &nbsp;

GRYP

Gryphon Digital to Merge With Hut 8 Corp Subsidiary American Bitcoin, Forming New Nasdaq-Listed Crypto Powerhouse 'ABTC'

Health Care

Management

Fortrea Announced That Thomas Pike Is Stepping Down From His Role As Fortrea's CEO And Chairman Of Its Board. Fortrea's Lead Independent Director, Peter Neupert, Will Serve As Interim CEO And Board Chair, Beginning May 13

United Parks &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</a>) reported quarterly losses of $(0.29) per share which missed the analyst consensus estimate of $(0.21) by 38.1 percent. This is a 70.59 percent decrease over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $286.90 million which missed the analyst consensus estimate of $294.02 million by 2.42 percent. This is a 3.53 percent decrease over sales of $297.40 million the same period last year.

PRKS

United Parks & Resorts Q1 GAAP EPS $(0.29) Misses $(0.21) Estimate, Sales $286.90M Miss $294.02M Estimate

2025 Forecast
<ul>
<li>For the twelve months ended December 31, 2025, Redwire, as a combined company assuming the previously announced transaction with Edge Autonomy had been consummated on January 1, 2025, is forecasting full year revenues of $535 million to $605 million and Adjusted EBITDA4,6 of $70 million to $105 million with positive Free Cash Flow.</li>
</ul>

Redwire Affirms FY2025 Sales Guidance of $535.00M-$605.00M vs $478.00M Est

Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) reported quarterly losses of $(0.09) per share which beat the analyst consensus estimate of $(0.14) by 35.71 percent. This is a 47.06 percent increase over losses of $(0.17) per share from the same period last year. The company reported quarterly sales of $61.40 million which missed the analyst consensus estimate of $83.86 million by 26.79 percent. This is a 30.07 percent decrease over sales of $87.79 million the same period last year.

Redwire Q1 EPS $(0.09) Beats $(0.14) Estimate, Sales $61.40M Miss $83.86M Estimate

The 145% tariff on Chinese imports, previously imposed by President Donald Trump, has reportedly put Walmart and Target supplier&#8217;s Huntar Company Inc.&#8217;s factory in China at risk of shutting down.
What Happened: The tariff, which was effective from April 9, has caused a significant decline in orders for toys from the Huntar factory in Guangdong Province, China. The factory, a supplier of educational toys for Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), has already reduced production by 60% to 70% and downsized a third of its 400 Chinese workers, reported Reuters. 
Huntar CEO Jason Cheung is now attempting to move his operations to Vietnam before the company&#8217;s funds are exhausted. The factory&#8217;s situation reflects the crisis faced by many factories in China, where approximately 80% of toys sold in the U.S. are manufactured.
The U.S.-China trade war poses risks to the sector in both countries, and Huntar, though based in the U.S., is uniquely impacted due to its operations in both markets.
Fearing factory shutdowns and unable to replace U.S. demand for key exports like toys and textiles, China returned to trade talks in Geneva, sources told Reuters. 
 Rick Woldenberg, CEO of toy company Learning Resources, stated &#8220;If nothing changes, we&#8217;ll be crippled.&#8221;
SEE ALSO: <a href="https://benzinga.com/news/25/05/45338281/trump-has-a-proven-track-record-of-being-an-absolute-failure-says-gov-tim-walz-we-dont-need-to-run-governmen" target="_blank" rel="noreferrer noopener">Trump Has A &#8216;Proven Track Record Of Being An Absolute Failure,&#8217; Says Gov. Tim Walz—&#8217;We Don&#8217;t Need To Run Government Like A Business&#8217;</a>
Why It Matters: Trump&#8217;s tariffs were designed to encourage companies to move manufacturing back to the U.S. However, Huntar&#8217;s situation illustrates why this is unlikely. Key obstacles include the shortage of facilities and skilled toy-making workers in other countries, the high cost and complexity of relocating heavy equipment, and limited time to address these challenges before funding runs out.
An April survey by the Toy Association found that over 45% of small and mid-sized U.S. toy companies believe China tariffs could force them out of business within weeks or months.
Major U.S. retailers, including Walmart and Target, have reportedly asked Chinese suppliers to <a href="https://www.benzinga.com/markets/equities/25/04/45037102/walmart-home-depot-target-push-chinese-suppliers-to-resume-shipments-agree-to-absorb-tariffs-report">resume shipments</a>, with tariffs to be absorbed by the American retailers. However, the impact of the tariffs is already being felt by toy companies. Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) announced plans to raise prices ahead of Christmas <a href="https://www.benzinga.com/trading-ideas/25/05/45227056/trumps-tariffs-hit-mattels-barbies-will-americans-pay-a-couple-of-bucks-more-as-president-predicts">due to the </a>tariffs.
On May 12, the U.S. and China agreed to 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"> temporary reduction</a> in most tariffs, marking a significant easing of trade tensions. However, the overall tariff level on China remains at 30%.
Over the past month, Walmart stock gained 2.10%, while Target Corporations rose 1.85%. 
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45192498/bitcoins-key-level-is-96500-analyst-warns-but-heres-what-could-trigger-a-breakdown" target="_blank" rel="noreferrer noopener">Bitcoin&#8217;s Key Level Is $96,500, Analyst Warns, But Here&#8217;s What Could Trigger A Breakdown &#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.

Economics

Trump's Tariffs Reportedly Push Walmart And Target Toy Suppliers To The Brink Of Closure: 'If Nothing Changes, We'll Be Crippled'

Needham analyst Kyle Peterson maintains Fair Isaac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FICO#NYSE">FICO</a>) with a Buy and raises the price target from $2500 to $2575.

FICO

Needham Maintains Buy on Fair Isaac, Raises Price Target to $2575

In a recent interview, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates expressed his views on President Donald Trump's tariffs, market turmoil, and the global tech rivalry with China.
What Happened: Gates was critical of the unpredictability surrounding U.S. economic policies, warning that it obstructs long-term business decisions. "If you&#8217;re going to build a new factory, you need to understand the policies for the next 20 years, not just the next two days or even four years," he said <a href="https://www.youtube.com/watch?v=HWHOUi5u5HU">in</a> an interview with CNN.
He underscored the risk of introducing volatility in a period already molded by <a href="https://www.benzinga.com/personal-finance/25/01/43303778/bill-gates-says-this-book-on-ai-will-change-every-industry-predicts-millions-of-jobs-will-vanish-by-2030">fast-paced advancements</a> in <a href="https://www.benzinga.com/tech/25/05/45217913/nvidias-jensen-huang-says-ai-revived-san-francisco-predicts-the-gpu-driven-revolution-will-change-every-job">artificial intelligence and labor market changes</a>. "I think it&#8217;s a bad time to interject so much uncertainty," Gates opined.
On the U.S.-China tech rivalry, Gates acknowledged that export bans have pushed China to focus its <a href="https://www.benzinga.com/news/global/25/04/44757498/chinas-bold-bet-on-an-82-billion-national-fund-targets-ai-startups-in-the-race-for-global-tech-leadership">own efforts</a>. "They&#8217;ve forced the Chinese in terms of chip manufacturing and everything to go <a href="https://www.benzinga.com/25/04/44897966/huawei-prepares-for-bulk-shipment-of-new-advanced-ai-chip-as-china-seeks-nvidia-alternatives">full speed ahead</a>," he said.
See Also: <a href="https://www.benzinga.com/news/global/25/05/45335581/trump-proposes-major-cut-in-china-tariffs-signaling-shift-in-trade-war">Trump Proposes Major Cut in China Tariffs, Signaling Shift in Trade War</a>
Why It Matters: Gates observed that the tariff and tech restrictions have only <a href="https://www.benzinga.com/tech/25/04/44970472/chinas-chip-breakthrough-without-asml-makes-chamath-palihapitiya-take-stock-of-beijings-formidable-nature-america-can-win-if">boosted China's initiatives</a> to become self-reliant. "The notion that it was going to be super unique to us—we made clear to them that they needed to make their own chips, and they&#8217;re making great progress on doing that," he said. 
Gates added that with open-source tools widely available, neither the U.S. nor China is likely to come out on top: "The AI technologies will be available to the world, and people can build on those in their own way."
Despite his concerns, Gates expressed restrained optimism about the U.S. economy. "I think there&#8217;s a lot of resilience in the U.S. economy," he said. But he warned that policy unpredictability can slow down investment and damage international relationships, especially with poorer countries. "There were gigantic tariffs on very poor African countries… I don&#8217;t see what the benefit of that would have been."
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/25/05/45338556/mark-cuban-mocks-maga-merch-being-mostly-made-in-china-says-hes-really-curious-how-trumps-tariffs-will-hit-their-prices-and-availability">Mark Cuban Mocks MAGA Merch Being &#8216;Mostly Made In China&#8217; — Says He&#8217;s &#8216;Really Curious&#8217; How Trump&#8217;s Tariffs Will Hit Their Prices And Availability</a></li>
</ul>
Image Via Shutterstock

MSFT

Bill Gates Slams Trump's Tariffs: We Told China To 'Make Their Own Chips' —And 'They're Making Great Progress,' Warns It's A 'Bad Time To Interject So Much Uncertainty'

Freight Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>, &amp;amp, ldquo, Fr8Tech&amp;amp, rdquo, or the &amp;amp, ldquo, Company&amp;amp, rdquo, ))), a logistics management innovation company, offering a diverse portfolio of technology-driven solutions, today announced that it has issued two additional convertible notes for $1 million for purchasing Official Trump ("TRUMP") tokens. This transaction increases Fr8Tech's purchases of TRUMP to $2 million.
&nbsp;
Javier Selgas, Chief Executive Officer of Fr8Tech, commented, "Fr8Tech's continued investment into TRUMP puts us at the intersection of finance and advocacy. It reflects our confidence in the long-term value and utility of blockchain-based digital assets and provides a unique opportunity to champion fair and free trade across the US-Mexico border in the interests of our customers."
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"While Mexican President Claudia Sheinbaum's recent comments that the US and Mexico are ‘…working in the coming days on options to improve our trade balance and advance outstanding issues for the benefit of both countries' is encouraging, we see no reason why a collaborative and constructive framework for fair and free trade cannot be established now. Cross-border trade totaled $840 billion last year, sustained thousands of companies, and supported millions of jobs. We believe both countries have the tools and resources to simultaneously resolve current challenges, such as the flow of fentanyl and other narcotics, and maintain legitimate cross-border commerce," concluded Selgas.
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Fr8Tech's Chief Financial Officer, Don Quinby, added, "We completed the purchase of TRUMP from the initial $1 million convertible notes, and are excited to deepen our cryptocurrency treasury with this second $1 million tranche. As of midday May 11, 2025, the value of our digital assets, including FET tokens and the initial $1 million purchase of TRUMP, was approximately $10.7 million."

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