Coffee (KC)

La cadena de opciones muestra datos clave de las opciones de acciones de Kingsoft Cloud Holdings 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 Kingsoft Cloud Holdings..

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Kingsoft Cloud Holdings

Kingsoft Cloud Holdings Ltd is an independent cloud service provider in China. It provides integrated cloud-based services including cloud computing, storage, and delivery. Its products and services are Security, Database, Data Analysis, Networking, and others. Its solutions are medical, government affairs, finance, media, education, gaming, Vehicle solutions, and others.

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Jonathan Mann, a non-fungible token (NFT) artist, has spun his taxing experience with cryptocurrency into a song. This follows a $3 million loss he suffered due to a market crash.
What Happened:&nbsp;Mann, who is recognized for his &#8220;Song A Day&#8221; project, recently released a track that narrates his financial misfortune. In a post on X, Mann shared that he made a whopping $3 million by selling his entire song catalog as NFTs. However, he lost it all during the collapse of the Terra ecosystem.
According to his post, on Jan. 1, 2022, Mann embarked on his crypto journey, selling 3,700 songs at $800 each. This earned him approximately $3 million in Ether (ETH). However, the value of ETH plummeted, leaving Mann and his wife uncertain about the right time to sell or the amount to sell. Adding&nbsp;to their woes, the US&nbsp;Internal Revenue Service (IRS) came&nbsp;knocking.
<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">6000 days. 6000 songs. A story that almost broke me: The $3 million I made and lost. My $1.1 million tax bill. The Autoglyph that saved me This is SONG A DAY #6000 &#x1f329;&#xFE0F;CRYPTO TAX NIGHTMARE&#x1f329;&#xFE0F; The journey continues below&#x1f447; <a href="https://t.co/ufUKNPiMIH">pic.twitter.com/ufUKNPiMIH</a>
&mdash; 17 years of song a day (@songadaymann) <a href="https://twitter.com/songadaymann/status/1930642287085674901?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
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Mann clarified that the earnings from his NFT sales are taxed as income, based on the ETH value at the time of receipt. This holds true even if the crypto asset&#8217;s value crashes later. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32100171/bitcoin-thief-who-stole-nearly-5-million-and-was-photographed-in-cash-filled-bathtub-gets-">Bitcoin Thief Who Stole Nearly $5 Million And Was Photographed In Cash-Filled Bathtub Gets 4 Years In Prison</a>
Consequently, despite the decrease in their $3 million worth of ETH, their tax bill remained unchanged.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The story behind this song ended in March 2024, when I sold my Autoglyph and used the $1.1 million proceeds to pay my tax bill. The day after I paid, I began writing the song. I&#39;ve worked on it on &amp; off for the past year and a half. Originally, this wasn&#39;t going to be Song…
&mdash; 17 years of song a day (@songadaymann) <a href="https://twitter.com/songadaymann/status/1930642291355492631?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
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In an attempt to&nbsp;avoid selling their crypto at&nbsp;a loss, Mann&nbsp;took out a loan through&nbsp;the Aave lending protocol,&nbsp;using some of the ETH&nbsp;as collateral. However, the market crash triggered a series&nbsp;of liquidations across the ecosystem,&nbsp;which included Mann&#8217;s loan, erasing 300 ETH.
After months of collaboration with his accountant, Mann found out that they owed $1,095,171.79 in taxes. To pay off the IRS bill, Mann sold a rare Autoglyph NFT for $1.1 million. Despite this financial blow, Mann continues his daily songwriting and selling them as NFTs.
Why It Matters:&nbsp;Mann&#8217;s experience underscores the volatility of the crypto market and the potential tax implications of trading in digital assets. 
It also highlights the risks associated with crypto-backed loans, particularly during market downturns. 
Despite his financial setback, Mann&#8217;s continued commitment to his craft and the NFT space demonstrates the resilience and adaptability of artists in the face of adversity.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31821234/man-gets-prison-time-after-feds-discover-3-4b-in-stolen-bitcoin-hidden-inside-cheetos-popc" target="_blank" rel="noreferrer noopener">Man Gets Prison Time After Feds Discover $3.4B In Stolen Bitcoin Hidden Inside Cheetos Popcorn Tin</a>
Image: Shutterstock/mundissima

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

Cryptocurrency

Musician Made $3 Million From NFTs — Then Faced a Brutal Tax Hit and Crypto Crash

Corporate America is experiencing a surge in layoffs as companies respond to economic pressures from President Donald Trump's tariff policies and artificial intelligence <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45810135/walmart-microsoft-disney-slash-jobs-as-trump-tariffs-ai-push-corporate-america-into-layoff-mode" rel="noreferrer noopener">adoption reshaping workforce needs</a>.
Earnings
Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) reported second-quarter revenue of $15 billion, beating analyst estimates of $14.99 billion, and adjusted earnings of $1.58 per share, beating analyst <a href="https://www.benzinga.com/markets/earnings/25/06/45803595/broadcom-q2-earnings-revenue-eps-beat-estimates-driven-by-robust-demand-for-ai-networking-company-sees-acceleration-in-ai-revenue-ahead" target="_blank" rel="noreferrer noopener">estimates of $1.56 per share</a>.
Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) reported quarterly losses of 15 cents per share, which beat the analyst consensus estimate of losses of 32 cents, and revenue came in at $278.48 million, which beat the <a href="https://www.benzinga.com/markets/earnings/25/06/45803722/rubrik-shares-climb-on-better-than-expected-q1-results-raised-fiscal-outlook" target="_blank" rel="noreferrer noopener">Street estimate of $260.35 million</a>.
Automobile
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recorded a 213% surge in sales in Norway during May, beating the regional trend that sees company <a href="https://www.benzinga.com/markets/tech/25/06/45739130/elon-musks-tesla-defies-european-slump-with-norway-sales-growth-in-may-model-y-comes-to-the-rescue" target="_blank" rel="noreferrer noopener">sales tumble across Europe</a>.
Anthony Scaramucci, founder and CEO of&nbsp;SkyBridge Capital, praised&nbsp;Tesla CEO&nbsp;Elon Musk&nbsp;for his transformative impact on humanity through his companies, urging the political left to reconsider <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45785192/anthony-scaramucci-says-the-left-should-focus-on-why-it-lost-elon-musk-rather-than-demonizing-him-credits-tesla-ceo-for-enormously-positive-impact-on-humanity" rel="noreferrer noopener">their stance on the&nbsp;billionaire entrepreneur</a>.
Entertainment
Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) lost its legal effort to prevent longtime executive Justin Connolly from leaving the company to join YouTube, <a href="https://www.benzinga.com/markets/tech/25/06/45784775/disney-loses-legal-battle-to-block-executive-justin-connollys-move-to-rival-youtube" target="_blank" rel="noreferrer noopener">a subsidiary of </a><a href="https://www.benzinga.com/markets/tech/25/06/45784775/disney-loses-legal-battle-to-block-executive-justin-connollys-move-to-rival-youtube" target="_blank" rel="noreferrer noopener">Alphabet Inc.&#8217;s </a><a href="https://www.benzinga.com/markets/tech/25/06/45784775/disney-loses-legal-battle-to-block-executive-justin-connollys-move-to-rival-youtube" target="_blank" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)</a><a href="https://www.benzinga.com/markets/tech/25/06/45784775/disney-loses-legal-battle-to-block-executive-justin-connollys-move-to-rival-youtube" target="_blank" rel="noreferrer noopener"> Google</a>.
Tom Cruise-starrer&nbsp;high-octane blockbuster&nbsp;&#8220;Mission: Impossible – The Final Reckoning&#8221; reignited China&#8217;s box office over the weekend, topping charts and signaling a <a target="_blank" href="https://www.benzinga.com/news/entertainment/25/06/45740848/tom-cruises-mission-impossible-the-final-reckoning-smashes-china-box-office-with-25-6-million-opening-sets-imax-record-for-hollywood-films-in-2025" rel="noreferrer noopener">renewed interest in Hollywood imports</a>.
Technology
Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) 
<path d="M19 19H5V5h7V3H5c-1.11 0-2 .9-2 2v14c0 1.1.89 2 2 2h14c1.1 0 2-.9 2-2v-7h-2v7zM14 3v2h3.59l-9.83 9.83 1.41 1.41L19 6.41V10h2V3h-7z"></path> is gearing up for its annual Worldwide Developers Conference (WWDC), set to run from June 9 to June 13. The highly anticipated event will once again be held online, with the keynote streaming live from Apple <a href="https://www.benzinga.com/markets/tech/25/06/45787471/apples-wwdc-2025-when-how-to-watch-the-keynote-and-what-to-expect" target="_blank" rel="noreferrer noopener">Park in Cupertino, California</a>.
Deepwater's&nbsp;Gene Munster, a prominent tech analyst, suggested that the Apple‘s WWDC would focus on traditional operating system updates, leaving investors questioning <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45764870/apple-has-at-least-two-years-before-losing-customers-despite-its-several-ai-missteps-says-gene-munster-heres-why" rel="noreferrer noopener">Apple's timeline for losing customers</a>.
Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has brought generative video tools to everyday users by integrating OpenAI&#8217;s Sora model into its Bing app, just weeks after Google made headlines with its<a href="https://www.benzinga.com/markets/tech/25/06/45739990/microsoft-brings-openais-sora-to-the-masses-with-free-ai-video-generator-in-bing-app-after-googles-veo-3-wowed-the-internet-heres-what-you-can-and-cant-do" target="_blank" rel="noreferrer noopener"> stunning </a><a href="https://www.benzinga.com/markets/tech/25/06/45739990/microsoft-brings-openais-sora-to-the-masses-with-free-ai-video-generator-in-bing-app-after-googles-veo-3-wowed-the-internet-heres-what-you-can-and-cant-do" target="_blank" rel="noreferrer noopener">Veo 3</a><a href="https://www.benzinga.com/markets/tech/25/06/45739990/microsoft-brings-openais-sora-to-the-masses-with-free-ai-video-generator-in-bing-app-after-googles-veo-3-wowed-the-internet-heres-what-you-can-and-cant-do" target="_blank" rel="noreferrer noopener"> video AI</a>.
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly making a big push for exclusive content in preparation for the launch of its new premium virtual reality headset next year, which aims to <a href="https://www.benzinga.com/markets/tech/25/06/45786646/meta-is-talking-exclusive-vr-content-with-disney-other-hollywood-studios-as-it-prepares-to-launch-its-apple-vision-pro-rival-report" target="_blank" rel="noreferrer noopener">compete with </a><a href="https://www.benzinga.com/markets/tech/25/06/45786646/meta-is-talking-exclusive-vr-content-with-disney-other-hollywood-studios-as-it-prepares-to-launch-its-apple-vision-pro-rival-report" target="_blank" rel="noreferrer noopener">Apple&#8217;s</a><a href="https://www.benzinga.com/markets/tech/25/06/45786646/meta-is-talking-exclusive-vr-content-with-disney-other-hollywood-studios-as-it-prepares-to-launch-its-apple-vision-pro-rival-report" target="_blank" rel="noreferrer noopener"> </a><a href="https://www.benzinga.com/markets/tech/25/06/45786646/meta-is-talking-exclusive-vr-content-with-disney-other-hollywood-studios-as-it-prepares-to-launch-its-apple-vision-pro-rival-report" target="_blank" rel="noreferrer noopener">Vision Pro</a>.
Artificial Intelligence (AI)
Anthropic, the artificial intelligence startup backed by Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Google, has reportedly reached a $3 billion annualized revenue run rate, just months after hitting <a href="https://www.benzinga.com/cannabis/25/06/45714044/amazon-and-google-backed-ai-startup-anthropic-reportedly-hits-3-billion-in-annualized-revenue-wheres-chatgpt-parent-openai-at" target="_blank" rel="noreferrer noopener">$1 billion in December 2024</a>.
Investor&nbsp;Kevin O&#8217;Leary&nbsp;has dismissed France&#8217;s shorter workweek as &#8220;the stupidest idea I have ever heard.&#8221; However, several other leaders and tech executives believe artificial intelligence <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45737860/kevin-oleary-blasts-four-day-workweek-as-the-stupidest-idea-ever-heres-why-mr-wonderful-thinks-the-concept-doesnt-work-in-the-era-of-remote-work" rel="noreferrer noopener">could soon make it a reality</a>.
Apple co-founder&nbsp;Steve Jobs&#8217;&nbsp;widow,&nbsp;Laurene Powell Jobs, seems to have endorsed a&nbsp;mysterious AI hardware&nbsp;device being developed by&nbsp;Jony Ive&nbsp;and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45738323/steve-jobs-widow-is-backing-jony-ives-mystery-ai-device-even-though-shes-still-very-close-to-apple-leadership-if-it-wasnt-for-laurene" rel="noreferrer noopener">OpenAI&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45738323/steve-jobs-widow-is-backing-jony-ives-mystery-ai-device-even-though-shes-still-very-close-to-apple-leadership-if-it-wasnt-for-laurene" rel="noreferrer noopener">CEO&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45738323/steve-jobs-widow-is-backing-jony-ives-mystery-ai-device-even-though-shes-still-very-close-to-apple-leadership-if-it-wasnt-for-laurene" rel="noreferrer noopener">Sam Altman</a>.
Former&nbsp;OpenAI&nbsp;researcher&nbsp;Andrej Karpathy&nbsp;shared a practical breakdown of&nbsp;ChatGPT&#8217;s&nbsp;various model versions, helping users understand which one to use <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45738811/chatgpt-user-former-openai-researcher-andrej-karpathy-breaks-down-which-version-works-best-for-each-task" rel="noreferrer noopener">based on their specific needs</a>.
Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) CEO Alex Karp expects the artificial intelligence arms race between the U.S. <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805623/palantir-ceo-warns-us-china-ai-race-will-have-one-winner-urges-west-to-keep-up" target="_blank" rel="noreferrer noopener">and China to have one winner</a>.

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Consumer Tech News (Jun 2-Jun 6): Amercia Witnesses Surge In Layoffs, Tesla Norway Sales Jumps 213% In May & More

If <a href="https://www.benzinga.com/money/retirement-planning-guide">your retirement account</a> took a small hit this past quarter, you're not alone — but you may not need to worry. Market ups and downs have led to a dip in retirement balances for many Americans, but overall savings habits remain strong.
Fidelity's latest quarterly retirement <a href="https://www.fidelity.com/about-fidelity/Q1-2025-retirement-analysis">report</a> — based on data from over 50 million retirement accounts — shows that average balances in 401(k), IRA, and 403(b) accounts declined slightly in Q1 2025. For example, the average 401(k) balance dropped to around $122,000, down from about $127,000 at the end of last year. The same trend showed up in IRAs and 403(b)s as well. The cause? Mostly short-term market volatility.
The encouraging news is that people are still saving at solid rates. In fact, the average <a href="https://www.benzinga.com/money/average-401k-balance-by-age">401(k) savings rate</a> hit a new high of 14.3%, and 403(b) savers held steady at 11.8%. That tells us that, despite the market noise, most people are staying focused on their long-term goals and continuing to contribute to their retirement plans.
This kind of consistency matters. Retirement planning is a long game, and these dips are a normal part of the process. Even with this quarter's decline, account balances remain significantly higher than they were five years ago — a reminder that riding out the market's ups and downs can pay off over time.
So what's the takeaway? Yes, balances were down a bit this quarter, but the fundamentals are strong. Savers are still putting money away, and they're doing so at record levels. If you're sticking to your plan, making regular contributions, and staying invested, you're likely in good shape.
In short, the market may wobble — but retirement savers aren't panicking. They're playing the long game, and that's often the smartest move.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/m-a/25/06/45822510/deal-dispatch-tv-stations-for-sale-this-buyer-wants-seconds-on-pasta">Deal Dispatch: TV Stations For Sale, This Buyer Wants Seconds On Pasta</a></li>
</ul>
Photo: Shutterstock

Financial Advisors

Retirement Savers Aren't Backing Down Despite Market Swings

In the latest development in their public feud, Elon Musk has taken down a series of social media posts that were critical of President Donald Trump.
What Happened: On Saturday, Musk deleted several posts from his social media account, which boasts a following of 200 million users. These posts, which ignited a public feud with Trump on Thursday, included allegations of Trump&#8217;s involvement in the Epstein files and calls for his impeachment.
One of the now-erased posts read, &#8220;@realDonaldTrump&nbsp;is in the Epstein files.&nbsp;That is the real reason&nbsp;they have not been made&nbsp;public. Have a nice day,&nbsp;DJT!&#8221; A link to this post now leads to a non-existent page.
While Musk has not provided a reason for the deletions, he did mention that he would &#8220;apologize profusely as soon as&nbsp;there is a full dump&nbsp;of the Epstein files.&#8221;
Despite the removal of several posts, a post criticizing Trump&#8217;s tariffs remained visible on Musk&#8217;s timeline on Saturday afternoon. Musk predicted, &#8220;The&nbsp;Trump tariffs will cause a&nbsp;recession in the second half&nbsp;of this year.&#8221;
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45828038/trump-vs-musk-trump-hints-at-canceling-musks-contracts-well-take-a-look-at-everything-hes-got-a-lot-of-money-heres-how-musk-responded">Trump vs. Musk: Trump Hints at Canceling Musk&#8217;s Contracts: &#8216;We&#8217;ll Take a Look at Everything, He&#8217;s Got a Lot of Money.&#8217; Here&#8217;s How Musk Responded</a>
The deletions occurred as Trump warned Musk of &#8220;very serious consequences&#8221; if he supports Democrats in the upcoming midterms, as&nbsp;reported by NBC News on&nbsp;Saturday. 
Trump also ruled out the possibility of repairing his relationship with Musk.
Why It Matters: The public feud and subsequent social media scrubbing by Musk adds another layer to the complex relationship between the Tesla CEO and the President. 
This incident may have implications for Tesla&#8217;s relationship with the government and its policies, especially considering Musk&#8217;s outspoken criticism of Trump&#8217;s tariffs. 
The situation also raises questions about the role and influence of high-profile CEOs in political discourse.
Read Next
<a href="https://www.benzinga.com/markets/25/06/45827390/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession-up" target="_blank" rel="noreferrer noopener">Musk Vs. Trump: Tesla Suffers Record $152B One-Day Crash As CEO Warns Tariffs ‘Will Cause A Recession'</a>
Image: Shutterstock

Elon Musk Scrubs His Social Media of Trump-Related Posts Amid Public Feud

The escalating public feud between Elon Musk and President Donald Trump has prompted a response from billionaire investor Mark Cuban.
What Happened: Cuban&#8217;s comment came during a brief exchange with TheStreet Roundtable on Friday. When asked about the Musk-Trump spat, Cuban simply <a href="https://roundtable.rtb.io/">replied</a>, &#8220;All I'll say is that I bought a bunch of popcorn.&#8221;
The feud between Musk and Trump intensified this week after Musk publicly criticized Trump&#8217;s administration over the &#8220;One Big Beautiful Bill.&#8221;
In response,&nbsp;Trump threatened to terminate billions&nbsp;in government contracts with Musk&#8217;s companies, including&nbsp;SpaceX&nbsp;and&nbsp;Tesla Inc.
Musk further escalated the situation with a shocking social media post claiming that&nbsp;Trump is in the Epstein&nbsp;files. 
This revelation&nbsp;sent shockwaves across social media&nbsp;and markets, causing Tesla shares to drop by 14% and&nbsp;DJT, the stock tied to&nbsp;Trump&#8217;s media company, to fall over 8%. Bitcoin also saw a near 4% slip.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45827968/trump-vs-musk-betting-markets-anticipate-next-move-in-musk-trump-feud-predict-low-chances-of-musk-forming-political-party">Trump vs. Musk: Betting Markets Anticipate Next Move in Musk-Trump Feud, Predict Low Chances of Musk Forming Political Party</a>
Despite the significant influence&nbsp;both Trump and Musk have&nbsp;in the crypto and tech&nbsp;markets, this public fallout&nbsp;has caught even their closest&nbsp;allies by surprise.
Why It Matters: The feud between these two influential figures has the potential to impact not only their personal reputations but also the companies they represent. Musk&#8217;s Tesla and SpaceX, as well as Trump&#8217;s media company, are all at risk of financial repercussions due to this public spat. 
The significant drop in Tesla&#8217;s shares and DJT stock following Musk&#8217;s controversial social media post is a clear indication of the potential damage such public feuds can cause. 
Furthermore, the ripple effect on Bitcoin&#8217;s value shows that the influence of these two figures extends beyond their respective companies and into the broader market. 
As the feud continues to unfold, investors and market watchers will be keeping a close eye on the potential fallout.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45827849/public-fight-between-trump-and-musk-rocks-tesla-spacex-here-are-the-biggest-bombshells">Public Fight Between Trump and Musk Rocks Tesla, SpaceX: Here Are the Biggest Bombshells</a>
Image: Shutterstock/Kathy Hutchins

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

These ten mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares escalated 102.93% following the announcement of a long-term <a href="https://www.benzinga.com//node/45817409" target="_blank" rel="noreferrer noopener">infrastructure agreement with</a> AI hyperscaler CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>).</li>
<li>Kymera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYMR#NASDAQ">KYMR</a>) stock jumped 60.66%. The company revealed clinical results from the Phase 1 healthy volunteer study of KT-621, its first-in-class <a href="https://www.benzinga.com//node/45724030" target="_blank" rel="noreferrer noopener">oral STAT6 degrader medicine</a>. Morgan Stanley and B. Riley Securities upgraded the stock to Overweight and Buy, respectively, and the company <a href="https://www.benzinga.com/quote/kymr/analyst-ratings" target="_blank" rel="noreferrer noopener">received several price forecast bumps</a>.</li>
<li>First Majestic Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) stock increased 34.04% last week, when Silver rocketed past $35.60 an ounce Thursday, a level last seen in 2012. Gold bull Peter Schiff <a href="https://www.benzinga.com//node/45792880" target="_blank" rel="noreferrer noopener">says it's just warming up</a>.</li>
<li>AIFU Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIFU#NASDAQ">AIFU</a>) shares rose 31.78%.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) shares increased 31.34% after the company announced the launch of <a href="https://www.benzinga.com//node/45814396" target="_blank" rel="noreferrer noopener">Boltz-2 in partnership with MIT</a>.</li>
<li>Cleveland-Cliffs Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) stock grew 30.36% after U.S. President Donald Trump announced <a href="https://www.benzinga.com//node/45724684" target="_blank" rel="noreferrer noopener">plans to double steel tariffs</a>.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) shares upped 26.44%. The company and NovoCure Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) revealed additional data on Saturday from the Phase 3 PANOVA-3 trial of Tumor Treating Fields (TTFields) <a href="https://www.benzinga.com//node/45730717" target="_blank" rel="noreferrer noopener">therapy for pancreatic cancer</a>.</li>
<li>Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) stock rose 26.15% after the company announced that Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) <a href="https://www.benzinga.com//node/45719179" target="_blank" rel="noreferrer noopener">would acquire them for $9.5 billion</a>.</li>
<li>Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) stock escalated 23.78% last week.</li>
<li>Riot Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) stock rose 22.06%. The company mined 514 bitcoin in May, up 11% month over month and <a href="https://www.benzinga.com//node/45752589" target="_blank" rel="noreferrer noopener">139% year over year</a>.</li>
</ol>
Photo by T. Schneider via Shutterstock

Mid Cap

AIFU

APLD

BPMC

CRWV

KYMR

NVCR

RIOT

RXRX

SEZL

ZLAB

Applied Digital And Riot Platforms Are Among Top 10 Mid-Cap Gainers Last Week (Jun 2-Jun 6): Are The Others In Your Portfolio?

After a tragic loss and a long legal battle, a woman named Ashley called into &#8220;<a href="https://x.com/DaveRamsey/status/1930294900915937679">The Ramsey Show</a>&#8221; to ask what to do about a <a href="https://www.benzinga.com/personal-finance/management/25/06/45783524/im-afraid-how-my-wife-will-react-if-i-tell-her-were-secretly-wealthy-says-a-dave-ramsey-caller-the-response-thats-pretty-whacked">major disagreement</a> with her long-time partner.&nbsp;
Two years ago, Ashley lost her baby due to what she said was &#8220;malpractice, mal negligence,&#8221; and after legal fees, she&#8217;s now receiving a little over half a million dollars from the $850,000 settlement.
<h2 class="wp-block-heading">They've Been Together For 10 Years But Never Married</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">She lost her baby due to medical negligence and received a $850,000 settlement. Now the father of her children (who refuses to marry her) says he deserves the money because he provides for the household. <a href="https://t.co/i1SKYD0wRx">pic.twitter.com/i1SKYD0wRx</a>
&mdash; Dave Ramsey (@DaveRamsey) <a href="https://twitter.com/DaveRamsey/status/1930294900915937679?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Ashley has been with her partner for a decade and they share three living children. Despite the length of the relationship and the family they've built, they're not married.&nbsp;
When asked why, Ashley admitted, &#8220;I&#8217;m not sure. That&#8217;s another problem that we&#8217;re having.&#8221; She said the reason they haven&#8217;t tied the knot is mostly on him: &#8220;He pretty much says like, we already are married, just not like in the books type of deal.&#8221;
That same partner now claims he deserves the majority of Ashley&#8217;s settlement money. His reasoning? &#8220;Because he provides daily,&#8221; Ashley explained, adding that he thinks that entitles him to a large portion of the money. But Ashley doesn't agree. She wants to <a href="https://www.benzinga.com/money/long-term-investments-vs-short-term">invest the money long term</a> for her children and for retirement.
&#8220;I also suffered blood damages to my personal body during that time of losing the baby,&#8221; she added, making it clear the pain and trauma were hers to carry.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">&#8216;It&#8217;s Not His Money&#8217;</h2>
Dave Ramsey responded directly and firmly. &#8220;This argument and this confusion is brought on by the fact that you&#8217;re not married,&#8221; he said. &#8220;I don&#8217;t know how to coach you because I would never tell you to be where you are.&#8221;
Ramsey made it known that the money belongs to her. &#8220;I think it&#8217;s yours. I don&#8217;t think it&#8217;s got his name on it.&#8221;
Co-host Rachel Cruze agreed, calling the partner's behavior unhealthy. &#8220;That was like another [problem] guilt tripping me into &#8216;give me this because I do this,&#8217; which really isn&#8217;t fair,&#8221; Ashley said. Cruze called it &#8220;a scorekeeping thing and very, very, very unhealthy.&#8221;
Ramsey put it plainly: &#8220;There is not a scenario where we&#8217;re not married and you get any of this.&#8221;
<h2 class="wp-block-heading">The Relationship May Not Be Healthy</h2>
Ashley admitted the relationship isn&#8217;t in a good place. Ramsey pointed out that the situation is revealing deeper problems. &#8220;You really need to look at this. It&#8217;s not working,&#8221; he told her.
Instead of sharing the money now, Ramsey encouraged Ashley to insist on counseling and have serious conversations about the future: &#8220;Sit down with a good marriage counselor and talk about how our relationship can be made better and how we get married. In the process of talking about that, honey, we&#8217;ll discuss when we&#8217;re married what we will do with our half million dollars.&#8221;
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
Cruze warned Ashley not to let marriage become a strategy for access to the money. &#8220;Make sure, though&#8230; that he doesn&#8217;t turn on some weird manipulative switch suddenly and be like, well, that&#8217;s my ticket into some of this money if I just marry her.&#8221;
<h2 class="wp-block-heading">Legal Confusion Over Their Deceased Son&#8217;s Estate</h2>
Ashley said a lawyer told her partner he had some right to the money because part of it is being set aside in their deceased son's estate. Ramsey quickly clarified: &#8220;Your son&#8217;s estate has to be managed for the heirs of your son,&#8221; he said. &#8220;Which would be his siblings, not his father.&#8221;
In closing, Ramsey warned Ashley: &#8220;If you give him a big chunk of this money out of this, I predict this is going to go sideways for you,&#8221; to which she agreed.
Read Next: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
Image: Shutterstock

Personal Finance

After Losing Her Baby And Receiving A $850K Settlement, The Father Of Her Children—Who Refuses To Marry Her—Says He's Entitled To The Money

President Donald Trump has been&nbsp;reportedly referring to Elon Musk as a &#8220;big-time drug addict&#8221; in private conversations. This comes amidst an escalating fallout between the two high-profile figures.
What Happened: A recent&nbsp;report&nbsp;by The Washington Post reveals that Trump has been privately expressing his belief to allies that Musk is heavily involved with drugs. This follows a series of incidents that have led to the deterioration of their previously strong alliance.
The relationship between Trump and Musk is nearing collapse after Musk&#8217;s chosen leader for NASA, Jared Isaacman, made donations to the Democrats, which allegedly infuriated Trump.
The <a href="https://www.washingtonpost.com/politics/2025/06/07/trump-elon-musk-fight-behind-scenes/">outlet</a> also reported that Musk&#8217;s strained relations with Trump&#8217;s cabinet members and his alleged drug use have been sources of internal turmoil. Trump&#8217;s belief that Musk was using drugs triggered&nbsp;numerous private calls on the&nbsp;matter.
Trump was reportedly disturbed by Musk&#8217;s criticisms of his budget bill and was taken aback when Musk&nbsp;echoed impeachment rhetoric about him&nbsp;on social media. 
In response, Trump has been reaching out to confidants and acquaintances to manage the high-profile split.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45828246/trump-warns-musk-against-aiding-democrats-hell-have-to-pay-serious-consequences-if-he-does-that">Trump Warns Musk Against Aiding Democrats: &#8216;He&#8217;ll Have To Pay Serious Consequences If He Does That&#8217;</a>
An individual&nbsp;with knowledge of the calls&nbsp;told the Post that Trump&nbsp;had referred to Musk as an &#8220;addict&#8221;. In at least one call, Trump labeled Musk as a &#8220;big-time drug addict&#8221;.
Despite the fallout, Trump has&nbsp;reportedly urged Vice President JD&nbsp;Vance and others not to&nbsp;escalate tensions with Musk. 
Trump has also privately considered investigating Musk&#8217;s government contracts after Musk alleged that&nbsp;Trump was the reason documents&nbsp;related to&nbsp;Jeffrey Epstein had not been&nbsp;released.
"President Trump and the entire Administration will continue the important mission of cutting waste, fraud, and abuse from our federal government on behalf of taxpayers, and the passage of the One Big Beautiful Bill is critical to helping accomplish that mission," White House press secretary Karoline Leavitt recently said in a statement.
Why It Matters: The escalating fallout between Trump and Musk, two influential figures, could have significant implications. 
Musk&#8217;s SpaceX has been a key player in the US space industry, and any investigation into Musk&#8217;s government contracts could potentially impact the company&#8217;s operations. 
Moreover, the strained relationship could also influence political dynamics given Musk&#8217;s influence and the upcoming elections.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45827968/trump-vs-musk-betting-markets-anticipate-next-move-in-musk-trump-feud-predict-low-chances-of-musk-forming-political-party" target="_blank" rel="noreferrer noopener">Trump vs. Musk: Betting Markets Anticipate Next Move in Musk-Trump Feud, Predict Low Chances of Musk Forming Political Party</a>
Image: Shutterstock

Politics

Trump Allegedly Calling People To Claim Elon Musk Has Serious Drug Problem: 'Big-Time Drug Addict'

The past week has been a rollercoaster ride in the world of tech and finance. From billionaire investor Chamath Palihapitiya making bold predictions of autonomous vehicles to the escalating feud between Elon Musk and President Donald Trump, there&#8217;s a lot to unpack.
Let&#8217;s dive into the top stories of the week.
Palihapitiya&#8217;s Bold Predictions
Billionaire investor Chamath Palihapitiya made some bold predictions about autonomous vehicles. He believes that Tesla&#8217;s Robotaxi and Alphabet&#8217;s Waymo will dominate the autonomous vehicle market, potentially sidelining ride-hailing giants Uber and Lyft. Palihapitiya argues that consumer preference for driverless rides stems from privacy concerns rather than just cost considerations.
<a href="https://www.benzinga.com/news/topics/25/06/45714095/chamath-palihapitiya-calls-tesla-an-obvious-win-says-robotaxi-alphabets-waymo-will-overtake-uber-and-lyft">Read the full article here.</a>
Musk Vs Trump: Tesla&#8217;s Record Crash
Tesla suffered a record $152 billion market cap loss this week, following an escalated feud between CEO Elon Musk and President Donald Trump. The company&#8217;s stock traded down 14.3% to $284.70 on Thursday, marking the company&#8217;s second-biggest percentage loss in more than a year and the biggest market cap loss in company history.
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45827094/dan-ives-weighs-in-on-musk-trump-drama-says-stock-reaction-overblown-i-still-believe-theyre-allies" target="_blank" rel="noreferrer noopener">Dan Ives Weighs In On Musk-Trump Drama, Says Stock Reaction Overblown: &#8216;I Still Believe They&#8217;re Allies&#8217;</a>
Musk Dismisses SpaceX Valuation
Elon Musk has dismissed a report that valued SpaceX at $480 billion, calling it "too high" for where the company is at present. In a separate post, the billionaire said that the company will reach an important revenue milestone in 2026.
<a href="https://www.benzinga.com/news/space/25/06/45764046/elon-musk-dismisses-reports-that-spacex-is-valued-at-480-billion-says-it-sounds-too-high-predicts-its-revenue-will-exceed-nasas-budget-in-2026">Read the full article here.</a>
Peter Thiel&#8217;s Flying Car Dream Nears Reality
Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation. As regulatory delays threaten U.S. market leadership in the emerging electric vertical take-off and landing (eVTOL) industry, Lonsdale warns that the FAA &#8216;Must Move Fast&#8217; as China could overtake the U.S.
<a href="https://www.benzinga.com/markets/equities/25/06/45788736/peter-thiels-flying-car-dream-nears-reality-with-joby-aviation-but-joe-lonsdale-warns-faa-must-move-fast-as-china-could-overtake-us-amid-regulatory-delays">Read the full article here.</a>
Boeing&#8217;s Starliner Flight Delayed To 2026
Boeing&#8217;s Starliner spacecraft, which was expected to make its next mission to the International Space Station (ISS) by the end of this year, has been delayed until 2026. The Starliner is seen as a potential alternative to SpaceX&#8217;s Dragon spacecraft. NASA, however, is still deciding whether the upcoming flight will carry astronauts or only cargo.
<a href="https://www.benzinga.com/news/space/25/06/45827130/nasa-delays-boeing-starliner-flight-to-2026-amid-ongoing-technical-challenges">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/politics/25/06/45824984/exclusive-trump-can-hurt-elons-businesses-says-tesla-protest-organizer-but-at-this-point-whos-left-" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Trump Can &#8216;Hurt Elon&#8217;s Businesses,&#8217; Says Tesla Protest Organizer — But At This Point &#8216;Who&#8217;s Left&#8217; To Buy?</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Ken Wolter / Shutterstock.com

Palihapitiya's Predictions, Musk Vs Trump, And Thiel's Flying Car Dream: This Week In Mobility

Skullcandy has unveiled the latest addition to its Aviator franchise, the Aviator 900 ANC. This marks the company&#8217;s most high-end headphone offering to date.
The Aviator 900 ANC, retailing at $299.99, is a modern take on the original Aviator&#8217;s vintage style, incorporating advanced materials and technologies. The headphones are equipped with THX Spatial Audio with Head Tracking, adaptive 6-mic active noise canceling, and Personal Sound by Mimi&#xAE;. The aim is to deliver an immersive and emotionally resonant listening experience.
CEO of THX Ltd, Tuyen Pham, expressed excitement about the collaboration, stating, &#8220;THX Spatial Audio with head tracking on the new Aviator is a historic moment for both companies.&#8221; The partnership seeks to combine THX's audio technology expertise with Skullcandy&#8217;s widespread appeal.
The Aviator 900 ANC also boasts a unique style, featuring vintage-inspired hardware, suede, polished finishes, and iconic design elements. With a battery life of up to 60 hours, the headphones are designed for both durability and convenience.
Also Read: <a href="https://www.benzinga.com/general/entertainment/25/05/45482987/at-thx-i-am-building-on-its-strong-legacy-of-branding-while-driving-innovations-that-truly-benefit-the-end-user-says-tuyen-pham">At THX, I Am Building On Its Strong Legacy Of Branding While Driving Innovations That Truly Benefit The End User, Says Tuyen Pham</a>
Justin Regan, vice president of marketing at Skullcandy, highlighted the significance of the launch, saying, &#8220;This marks Skullcandy's bold entry into the premium headphone space.&#8221; The Aviator 900 ANC is now available for purchase on skullcandy.com and at select global retailers.
The launch of the Aviator 900 ANC signifies a strategic move by Skullcandy into the premium audio market. This product, with its advanced features and stylish design, is aimed at consumers seeking high-quality audio experiences. 
The collaboration with THX Ltd further enhances the product&#8217;s appeal, combining superior audio technology with Skullcandy&#8217;s popular brand. 
This launch could potentially broaden Skullcandy&#8217;s customer base and increase its market share in the competitive audio industry.

Skullcandy Launches Aviator 900 ANC: A Leap Into Premium Audio

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock jumped 35.20%  amid an escalation of <a href="https://www.benzinga.com//node/45805188" target="_blank" rel="noreferrer noopener">a public dispute</a> between SpaceX's Elon Musk and President Donald Trump.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares escalated 31.55% after President Trump said the U.S. would not agree to any uranium enrichment by Iran. Additionally, the commodity could continue to strengthen after OPEC+ decided to keep output levels unchanged.</li>
<li>Nebius Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) stock rose 31.37%. The company recently announced it raised <a href="https://www.benzinga.com//node/45722616" target="_blank" rel="noreferrer noopener">$1 billion in convertible notes</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock upped 25.92% following its major <a href="https://www.benzinga.com//node/45769560" target="_blank" rel="noreferrer noopener">long-term infrastructure agreement</a> with Applied Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>).</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares increased 19.69% after the company reported better-than-expected fourth-quarter results and <a href="https://www.benzinga.com//node/45752619" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares were up 19.40% amid GlobalFoundries Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) announcement to commit $16 billion to U.S. chip expansion, which may be buoying <a href="https://www.benzinga.com//node/45774178" target="_blank" rel="noreferrer noopener">investor sentiment toward the space</a>.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) shares increased 18.95% after the company reported better-than-expected third-quarter earnings and several <a href="https://www.benzinga.com//node/45779774" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) shares increased 17.47%. Silver rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff <a href="https://www.benzinga.com//node/45792880" target="_blank" rel="noreferrer noopener">says it's just warming up</a>.</li>
<li>Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) stock escalated 16.69% after it reported first-quarter results and analysts raised the price <a href="https://www.benzinga.com//node/45775655" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) stock rose 16.58% after the company reported better-than-expected financial results and <a href="https://www.benzinga.com//node/45801965" target="_blank" rel="noreferrer noopener">analysts revised their price forecast</a>.</li>
<li>Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) stock upped 15.72% after the company <a href="https://www.benzinga.com//node/45745671" target="_blank" rel="noreferrer noopener">reported third-quarter results</a>. Analysts boosted the <a href="https://www.benzinga.com/quote/ferg/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock.</li>
</ol>
Photo by JLStock via Shutterstock

ASTS

CRDO

FERG

GWRE

NBIS

PAAS

Elon Musk-Trump Clash Propelled This Stock To Weekly High: Here's A List Of Other Top Performing Large Cap Gainers (Jun 2-Jun 6)

Last week was a whirlwind in the tech world, with major players like&nbsp;Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>),&nbsp;Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and&nbsp;Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;making significant strides in AI and gaming. Let&#8217;s dive into the top stories that made headlines over the weekend.
Microsoft Integrates OpenAI&#8217;s Sora into Bing App
Microsoft has democratized generative video tools by incorporating OpenAI&#8217;s Sora model into its Bing app. This move comes hot on the heels of Google&#8217;s Veo 3 video AI that recently wowed the internet. The new Bing Video Creator allows users to create videos from text using the Sora model, all for free.
<a href="https://www.benzinga.com/markets/tech/25/06/45739990/microsoft-brings-openais-sora-to-the-masses-with-free-ai-video-generator-in-bing-app-after-googles-veo-3-wowed-the-internet-heres-what-you-can-and-cant-do">Read the full article here.</a>
Amazon Launches Agentic AI Group
Amazon has set up a new team within its consumer R&amp;D division to focus on agentic artificial intelligence. The agentic AI group will operate out of Lab126, Amazon&#8217;s secretive Silicon Valley unit known for creating the Kindle, Echo, and other flagship devices.
<a href="https://www.benzinga.com/markets/tech/25/06/45783322/amazon-launches-new-agentic-ai-group-to-boost-robotics-enhance-user-interactions">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45827073/reid-hoffman-shares-yuval-noah-hararis-stark-warning-that-humanity-wont-adapt-fast-enough-to-artificial-intelligences-rise-and-will-suffer-the-consequences-revolution-is" target="_blank" rel="noreferrer noopener">Reid Hoffman Shares Yuval Noah Harari&#8217;s Stark Warning That Humanity Won&#8217;t Adapt Fast Enough To Artificial Intelligence&#8217;s Rise And Will Suffer The Consequences: &#8216;Revolution Is Moving On With A Rapidity</a>
Nintendo Switch 2 Enhanced by AI Processors
NVIDIA&#8217;s CEO, Jensen Huang, has shed light on the company&#8217;s role in enhancing the features of the eagerly awaited Nintendo Switch 2 gaming console. The console, set to be released on June 5, has seen Nintendo&#8217;s stock soar in 2025.
<a href="https://www.benzinga.com/news/gaming/25/06/45776150/jensen-huang-says-nintendo-switch-2-has-ai-processors-to-enhance-gameplay-unlike-anything-weve-built-before">Read the full article here.</a>
OpenAI&#8217;s ChatGPT Evolves from Simple Chatbot
Srinivas Narayanan, Vice President of Engineering at OpenAI, has shared his vision for the future of autonomous AI. According to Narayanan, OpenAI&#8217;s ChatGPT is no longer just conversational but is now capable of taking actions on behalf of users.
<a href="https://www.benzinga.com/markets/tech/25/06/45766429/openais-srinivas-narayanan-says-chatgpt-is-no-longer-just-conversational-its-now-taking-actions-on-your-behalf">Read the full article here.</a>
Elizabeth Warren Criticizes AI Provision in Trump&#8217;s Bill
Sen. Elizabeth Warren has expressed concern over an AI provision in President Donald Trump&#8217;s tax-and-spending bill, warning that it could lead to rising rents and violate Senate procedural rules. The provision would prevent states from regulating artificial intelligence for a decade.
<a href="https://www.benzinga.com/news/politics/25/06/45764421/elizabeth-warren-warns-ai-provision-in-trumps-big-beautiful-bill-could-enable-rent-hikes-this-policy-violates-the-senates-budget-rules">Read the full article here.</a>
Read Next:
<a href="https://benzinga.com/markets/tech/25/06/45785227/chief-ai-scientist-at-mark-zuckerbergs-meta-says-no-way-scaling-chatgpt-like-models-is-going-to-lead" target="_blank" rel="noreferrer noopener">Chief AI Scientist At Mark Zuckerberg&#8217;s Meta Says &#8216;No Way&#8217; Scaling ChatGPT-Like Models Is Going To Lead To Human-Level AI</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

NVDA

Microsoft And Openai's Free AI Video Generator, Amazon's Agentic AI Group, And More: This Week In AI

Moonhub<a href="https://www.moonhub.ai/moonhub-team-joins-salesforce"> announced</a> Monday that it has bewen acquired by <a href="https://www.benzinga.com/news/topics/25/06/45737436/why-salesforce-is-paying-8-billion-for-the-plumbing-of-ai">Salesforce</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), marking a new chapter for the AI-powered recruiting startup founded by former Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) engineer Nancy Xu.
The move comes on the heels of Salesforce's recent $8 billion acquisition of Informatica and signals a clear acceleration of its AI-first product strategy,<a href="https://economictimes.indiatimes.com/tech/artificial-intelligence/salesforce-acquires-ai-recruiting-startup-moonhub-weeks-after-informatica-deal/articleshow/121590582.cms"> The Economic Times</a> reports.
<h2 class="wp-block-heading">Moonhub Built a Holistic, Bias-Conscious Approach to AI Hiring</h2>
Founded in 2022 and backed by Khosla Ventures, TIME Ventures, Day One Ventures, AIX Ventures, GV, and Salesforce, Moonhub is known for launching the world's first AI Recruiter, and developed tools to automate hiring processes while minimizing bias. According to The Economic Times, rather than relying on outdated keyword-based filters, the company's AI platform scanned public data sources such as <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon">GitHub</a>, LinkedIn, and personal websites to build rich, multi-dimensional candidate profiles.
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The system was designed to detect meaningful patterns, like promotion frequency, project types, and skill progression, which are often overlooked by traditional recruiting tools. One of Moonhub's core principles was avoiding filters based on race, gender, or disability. Instead, it worked closely with clients to reshape how job descriptions were written and how talent was sourced, The Economic Times reports.
Nancy Xu frequently emphasized the importance of a &#8220;human-in-the-loop&#8221; approach, where final hiring decisions stayed in human hands, The Economic Times says. According to Xu, AI should not replace people in recruitment but support them in making more informed, fair decisions.
<h2 class="wp-block-heading">Moonhub Joins Salesforce Amid AI Investment Surge</h2>
Moonhub's integration into Salesforce follows a string of AI-focused acquisitions. In addition to the Informatica purchase, Salesforce recently<a href="https://www.salesforceben.com/salesforce-acquires-ai-company-convergence-ai-to-advance-agentforce/"> announced</a> it would acquire Converge.ai, an automation startup, as part of its broader AI strategy. These moves are meant to fuel the Salesforce's Agentforce platform, an initiative focused on developing autonomous AI agents to streamline enterprise operations in areas like sales, customer service, and now hiring.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
Moonhub said that joining Salesforce will allow its team to scale its original mission within a much larger ecosystem. Xu in a statement described Salesforce as a values-aligned company with deep investment in trust and impactful AI advancement, both key to the responsible deployment of AI.
While Moonhub is officially winding down as a standalone entity, its core team will now contribute directly to Salesforce's product development in AI-driven recruitment and talent acquisition. According to Salesforce&#8217;s <a href="https://www.salesforceben.com/salesforce-picks-up-talent-from-closing-ai-startup-moonhub/">announcement</a> on Tuesday, their work is expected to be integrated into new iterations of Agentforce tools and services.
See Also: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
<h2 class="wp-block-heading">Strategic Talent, Legacy Investors, And A Strong Signal</h2>
Moonhub raised $14.4 million in venture funding and attracted top-tier investors across Silicon Valley, The Economic Times reports. According to Salesforce, the company is competing head-to-head with tech giants like Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) Google, and OpenAI in the race to dominate enterprise AI.
The integration of Moonhub's team reflects a growing trend among major players: securing specialized talent through strategic acquisitions. As the demand for enterprise-ready AI accelerates, the battle to attract top minds is becoming just as critical as the technology itself.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Salesforce Acquires Moonhub — The AI Recruiting Startup Joins $8B Informatica Deal In AI Hiring Revolution

The past week was a rollercoaster ride for the cryptocurrency market. From Bitcoin and other major cryptocurrencies facing a dip due to macroeconomic uncertainty, to Ripple&#8217;s XRP climbing amid a significant investment, the crypto world was buzzing with activity.
Adding to the intrigue, Elon Musk, CEO of&nbsp;Tesla Inc., signaled agreement with a warning about Bitcoin potentially replacing the dollar. Let&#8217;s dive into the details.
Bitcoin, Ethereum, XRP, Dogecoin Dip Amid Macro Uncertainty
The crypto market faced pressure as macroeconomic headwinds resurfaced. The ADP employment report indicated a slowdown in hiring, and renewed tariff uncertainty shook investor sentiment. This resulted in a dip in major cryptocurrencies, including Bitcoin, Ethereum, XRP and Dogecoin.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45801872/bitcoin-ethereum-xrp-dogecoin-dip-due-to-macro-uncertainty-bearish-signals-flash-for-btc">Read the full article here.</a>
XRP Price Climbs Amid $100M Investment
XRP saw a price surge following&nbsp;VivoPower International PLC&#8217;s decision to invest $100 million in the cryptocurrency. The company plans to rebrand itself as an XRP treasury and DeFi solutions company, in alliance with Bitgo.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45750565/xrp-price-climbs-amid-100m-investment-ripple-collaborates-with-portuguese-exchange">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/general/biotech/25/05/45675883/exclusive-blockchain-biotech-bad-guys-canurta-therapeutics-ceo-is-on-a-mission-to-heal-and-hes-just-getting-started" target="_blank" rel="noreferrer noopener">Blockchain, Biotech, Bad Guys: Canurta Therapeutics Fighting ALS</a>
Elon Musk Agrees With Warning About Bitcoin Replacing Dollar
Elon Musk, CEO of Tesla and SpaceX, signaled agreement with Coinbase CEO Brian Armstrong&#8216;s warning that government overspending could lead to Bitcoin replacing the dollar as the reserve currency. Armstrong&#8217;s warning came in response to the alarming rise of U.S. federal debt.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45784755/elon-musk-who-called-trumps-one-big-beautiful-bill-a-disgusting-abomination-responds-to-coinbase-ceos-warning-that-bitcoin-could-replace-dollar">Read the full article here.</a>
Trump Family&#8217;s Crypto &#8216;Conflicts Of Interest&#8217;
The involvement of President Donald Trump's family in the cryptocurrency industry is reportedly creating problems in the progression of a bill designed to regulate the sector, according to a senior Democratic legislator.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45785389/trump-familys-crypto-conflicts-of-interest-are-coming-in-the-way-of-law-meant-to-regulate-digital-assets-says-gregory-meeks">Read the full article here.</a>
Ross Ulbricht Receives $31 Million Bitcoin Donation
A wallet linked to Ross Ulbricht, the creator of the illegal drug marketplace Silk Road, received over $30 million in Bitcoin. The donation sparked intrigue among the cryptocurrency community.
<a href="https://www.benzinga.com/markets/25/06/45755503/ross-ulbricht-the-silk-road-founder-pardoned-by-trump-soon-after-his-inauguration-receives-a-whoppin?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=real_estate">Read the full article here.</a>
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<li><a href="https://benzinga.com/general/education/24/11/41946785/if-you-invested-100-in-pepe-coin-at-launch-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">If You Invested $100 In Pepe Coin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Market Fluctuations, Musk's Bitcoin Nod And A $31 Million Bitcoin Donation: This Week In Crypto

Rep. Marjorie Taylor Greene (R-GA) is taking flak for buying several stocks just before President Donald Trump's April 9 announcement of a 90-day tariff pause for non-retaliating countries, which sparked a market rally.
According to required <a href="https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20029138.pdf">public disclosures</a>, Greene bought stocks <a href="https://www.nytimes.com/2025/04/14/us/politics/marjorie-taylor-greene-bought-stock-trump-tariffs-pause.html">worth</a> roughly $21,000 and $315,000 on April 8 and April 9. She also sold between $50,000 and $100,0000 in Treasury bills at the time.
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Greene's net worth has reportedly increased from $700,000 before she joined Congress to approximately $22 million today, according to multiple media outlets. This rise is notable considering the <a href="https://www.congress.gov/crs-product/RL30064#:~:text=The%20compensation%20for%20most%20Senators,from%20Puerto%20Rico%20is%20%24174%2C000.">salary</a> of a congressional member is $174,000. According to stock trading data platform <a href="https://www.quiverquant.com/congresstrading/politician/Marjorie%20Taylor%20Greene-G000596/net-worth">Quiver Quantitative</a>, Greene has executed 450 stock trades since 2021, the year she joined the House.
Let's take a look at some of the notable stocks she was buying before Trump's announcement of a 90-day pause on tariffs last month.
<h2 class="wp-block-heading">Tesla</h2>
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was among the important companies Greene was piling into before Trump announced a 90-day pause on his reciprocal tariffs last month. She bought Tesla shares worth between $1,000 to $15,000 on April 8, according to public disclosures. The stock has gained about 24% over the past month.&nbsp;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Nvidia</h2>
Greene bought Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares worth up to $15,000 on April 9, according to her public disclosures. The stock has gained about 23% since then. Bank of America recently <a href="https://seekingalpha.com/news/4447877-nvidia-amd-top-beneficiaries-from-saudi-deals-but-broadcom-and-marvell-will-benefit-bofa#source=section%3Asummary%7Csection_asset%3Anews_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A15">raised</a> its price target for the chipmaker to $160 from $150, calling the company a "top beneficiary" of AI deals recently signed between the U.S. and Saudi Arabia.&nbsp;
<h2 class="wp-block-heading">Palantir</h2>
Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares are up 44% since April 9, when Greene bought the company's shares worth between $1,000 to $15,000. Last month, Bank of America <a href="https://seekingalpha.com/news/4446480-palantir-in-focus-as-bofa-sets-new-wall-street-high-price-target">raised</a> its price target for Palantir to $150 from $125, citing the company's "bespoke" AI products.&nbsp;
<h2 class="wp-block-heading">Amazon&nbsp;</h2>
Greene bought Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares on April 8, according to her public disclosures. The next day, the stock jumped 12% amid a broader market rally following Trump's announcement of a 90-day pause on tariffs. Amazon shares are up 11% over the past 30 days.
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">Apple</h2>
Greene bought up to $15,000 worth of Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares on April 9, her public filings show. The stock is up 2.2% since then. The company has been at the forefront of the US-China tariff war since most of its iPhones are manufactured in the Asian country.
<h2 class="wp-block-heading">Nike</h2>
Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) was among the major companies most affected by Trump's <a href="https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/">announcement</a> of reciprocal tariffs on April 2. However, the stock rose on April 9 after Trump <a href="https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/">announced</a> a 90-day pause on duties against non-retalating countries, including Vietnam, which accounts for about 50% of the company's footwear manufacturing.&nbsp;
Greene bought Nike shares worth up to $15,000 on April 8, according to her disclosures.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

Rep. Marjorie Taylor Greene's Net Worth Jumped $21 Million Since Joining Congress — Top 6 Stocks She Was Buying Amid Tariff Chaos

The past week has been a rollercoaster ride for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a mix of highs and lows. From facing regulatory hurdles in China to gearing up for the annual Worldwide Developers Conference (WWDC), the tech giant has been in the spotlight. Here&#8217;s a recap of the top stories.
Apple and Alibaba&#8217;s AI Launch Delayed in China
The much-anticipated artificial intelligence partnership between Apple and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) in China is facing delays due to increasing geopolitical uncertainties and regulatory issues. The delay comes amidst Apple&#8217;s declining market share in China&#8217;s premium smartphone segment, which has dropped from 70% in early 2023 to 47% in the first quarter of 2025.
<a href="https://www.benzinga.com/markets/asia/25/06/45787934/apple-and-alibabas-ai-launch-in-china-delayed-by-us-china-trade-tensions-and-regulatory-hurdles-report">Read the full article here.</a>
Apple&#8217;s WWDC 2025: What to Expect
Apple is all set for its annual Worldwide Developers Conference (WWDC), scheduled to run from June 9 to June 13. The event will be held online, with the keynote streaming live from Apple Park in Cupertino, California.
<a href="https://www.benzinga.com/markets/tech/25/06/45787471/apples-wwdc-2025-when-how-to-watch-the-keynote-and-what-to-expect">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/education/25/06/45789834/bill-gates-says-the-worst-advice-he-received-was-to-avoid-risk-what-better-teacher-than-failure" target="_blank" rel="noreferrer noopener">Bill Gates Says The Worst Advice He Received Was To Avoid Risk: &#8216;What Better Teacher Than Failure?</a>
Apple App Store Sales Jump in May
Apple&#8217;s App Store revenue for May increased by 4.9% month-over-month, supporting an acceleration of year-over-year revenue trends to up 13.0% Y/Y in May, according to JP Morgan analyst Samik Chatterjee.
<a href="https://www.benzinga.com/markets/tech/25/06/45781527/apple-app-store-sales-jump-in-may-boosting-outlook-for-services-growth">Read the full article here.</a>
Potential New Hardware Launch at WWDC 2025
As Apple gears up for WWDC 2025, rumors are swirling about the potential unveiling of three key hardware products. While WWDC is traditionally a software-heavy event, the possibility of surprise hardware announcements has stirred up excitement.
<a href="https://www.benzinga.com/markets/tech/25/06/45826757/apple-may-launch-new-hardware-at-wwdc-2025-mac-pro-homepad-airtag-2-expected">Read the full article here.</a>
Apple&#8217;s Earnings Hit After Court Ruling
Apple&#8217;s latest legal setback is a headwind, but JPMorgan analyst Samik Chatterjee says the impact on the iPhone maker's stock price is materially lower than investors feared.
<a href="https://www.benzinga.com/markets/large-cap/25/06/45798733/apple-faces-modest-earnings-hit-after-court-ruling-but-analyst-expects-match-bumble-spotify-set-to-gain">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785227/chief-ai-scientist-at-mark-zuckerbergs-meta-says-no-way-scaling-chatgpt-like-models-is-going-to-lead" target="_blank" rel="noreferrer noopener">Chief AI Scientist At Mark Zuckerberg&#8217;s Meta Says &#8216;No Way&#8217; Scaling ChatGPT-Like Models Is Going To Lead To Human-Level AI</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesteohart / Shutterstock.com

BABA

Apple's AI Delay, WWDC 2025, And App Store Sales Surge: This Week In Appleverse

Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) the world's largest retailer, faces challenges in maintaining its signature low prices after President Donald Trump's administration imposed steep tariffs on Chinese imports. Walmart employees and shoppers now report price hikes hitting the shelves <a href="https://www.benzinga.com/news/retail-sales/25/06/45712543/us-tariff-impact-prices-surge-at-walmart-and-target-employees-say-some-jumps-top-38">and their wallets</a>.
What To Know:&nbsp;Walmart employees have been sharing images on Reddit that depict a sharp rise in prices, with some items seeing a surge of up to 45%.&nbsp;
For example, a Jurassic World T. Rex toy at Walmart saw its price increase nearly 38% from $39.92 in late April to $55 in late May.. The price of a Baby Born doll shot up from $34.97 in March to $49.97 in May, an approximate increase of 43%.
Read Next: <a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb?utm_source=articleShare">&#8216;Whatever You Think Of Elon Musk, You Must Support His Fight Against The Big Beautiful Bill,&#8217; Says &#8216;Black Swan&#8217; Author Nassim Taleb</a>&nbsp;
Roughly 60% of Walmart's merchandise is sourced from China, including essentials like electronics, clothing and household goods, which leaves the retail giant vulnerable to shifts in trade policy.&nbsp;
Walmart CEO Doug McMillon warned on the company's most recent earnings call that the retailer would be forced to raise prices on some items as a direct result of ongoing tariffs, but that the company would work to keep grocery prices low.
What Else: Walmart said it will continue to communicate the impact of tariffs transparently and consistently with its investors, employees and consumers during its annual shareholders' meeting last week.&nbsp;
"We don't aim to be a political figure. We are providing facts as they come," Dan Bartlett, executive vice president of corporate affairs, told reporters.&nbsp;
The retail giant said it expects price increases to become more apparent as the year progressesif the current tariffs remain in place.&nbsp;
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<li><a href="https://www.benzinga.com/news/space/25/06/45724938/space-stocks-weekly-countdown-rocketlab-gets-analyst-love-while-virgin-galactic-slides-into-june?utm_source=articleShare">Space Stocks Weekly Countdown: RocketLab Gets Analyst Love While Virgin Galactic Slides Into June</a></li>
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Image: Shutterstock

Retail Sales

Walmart Shoppers See Sharp Price Hikes as Tariffs Hit Shelves

The past week was a whirlwind of economic news. From President Donald Trump&#8217;s aggressive trade deal deadline to Mark Cuban&#8217;s insights on inflation, the stories were as varied as they were impactful. Let&#8217;s dive into the details.
Trump&#8217;s Trade Deadline
President&nbsp;Donald Trump pushed for countries to submit their best trade negotiation, as his administration raced against a July 8 deadline. The U.S. is seeking proposals on tariff and quota offers for U.S. industrial and agricultural products, plans to remedy non-tariff barriers, digital trade and economic security commitments, and country-specific commitments.
<a href="https://www.benzinga.com/markets/economic-data/25/06/45740592/trump-sets-july-8-deadline-for-trade-deals-demands-best-offers-from-global-partners-by-wednesday-report">Read the full article here.</a>
Mark Cuban On Inflation
Billionaire investor&nbsp;Mark Cuban&nbsp;shared his thoughts on why inflation hasn&#8217;t surged as much as economists predicted in response to Trump&#8217;s &#8220;Liberation Day&#8221; tariffs. According to Cuban, businesses are using their cash reserves or taking on debt to stockpile inventory in anticipation of potential tariff hikes.
<a href="https://www.benzinga.com/Opinion/25/06/45714060/mark-cuban-says-these-are-the-reasons-prices-havent-risen-despite-trumps-liberation-day-tariffs-and-none-of-them-are-positive">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/market-summary/25/06/45798808/trump-announces-china-trade-talks-tesla-stock-slumps-whats-driving-markets-thursday" target="_blank" rel="noreferrer noopener">Trump Announces China Trade Talks, Tesla Stock Slumps: What&#8217;s Driving Markets Thursday?</a>
Howard Lutnick&#8217;s National Emergency
U.S. Commerce Secretary&nbsp;Howard Lutnick&nbsp;has declared America&#8217;s trade deficit a national emergency that requires immediate action. In a recent interview, Lutnick reaffirmed the Trump administration&#8217;s commitment to its tariff strategy, stating that tariffs are &#8220;not going away.&#8221;
<a href="https://www.benzinga.com/markets/25/06/45758956/howard-lutnick-calls-1-2-trillion-trade-deficit-a-national-emergency-says-trumps-tariffs-are-not-goi">Read the full article here.</a>
Trump&#8217;s Relationship With Xi Jinping
President Trump has expressed his admiration for Chinese President&nbsp;Xi Jinping, but also acknowledged the difficulty in negotiating with him. This comes as U.S.-China trade negotiations remain at a standstill, despite a temporary truce reached in May.
<a href="https://www.benzinga.com/news/politics/25/06/45764844/trump-says-he-likes-xi-jinping-of-china-but-calls-him-very-tough-and-extremely-hard-to-make-a-deal-with">Read the full article here.</a>
The Future of the Dollar
Veteran investor&nbsp;Rick Rule&nbsp;has warned of potential instability in the U.S. Dollar, suggesting that unchecked federal spending and unfunded liabilities could significantly reduce the greenback&#8217;s purchasing power over the next decade.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45738637/dollar-to-lose-75-of-its-buying-power-in-next-10-years-rick-rule-says-if-1970s-are-an-indicator-it-could-happen">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Economics

Trump's Trade Deadline, Cuban On Inflation, Lutnick's National Emergency And Trump-Xi Relations: This Week In Economics

After years in <a href="https://www.benzinga.com/personal-finance/25/05/45184462/yeah-no-its-low-wages-a-worker-responds-to-whether-the-skilled-labor-shortage-is-just-because-everyone-was-told-to-go-to-college">low-paying retail</a>, a Reddit user recently landed a <a href="https://www.benzinga.com/markets/24/11/41714026/28-year-old-software-developer-who-retired-after-working-just-7-years-shares-his-stock-portfolio-and">software development job</a> with a $105,000 salary. But instead of feeling relief or success, they&#8217;re overwhelmed by financial anxiety.
<h2 class="wp-block-heading">More Money, More Worries</h2>
&#8220;Just hit $105K salary (software dev, finally escaped retail hell) and I thought I&#8217;d feel&#8230; rich? Or at least comfortable?&#8221; the poster wrote in the <a href="https://www.reddit.com/r/MiddleClassFinance/comments/1l3hg5w/made_it_to_six_figures_but_somehow_feel_broker/">r/MiddleClassFinance</a> subreddit. &#8220;Instead, I&#8217;m lying awake at 2 a.m. doing mental math about whether I can <a href="https://www.benzinga.com/25/05/45670256/screw-this-economy-a-worker-says-theyre-finally-too-broke-for-boba-and-coffee-with-tips-it-hit-20-more-than-their-hourly-wage">afford the $6 fancy coffee</a> tomorrow.&#8221;
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They explained that their old life on a $45,000 salary came with simplicity. &#8220;I lived in a sh&#x2A;tty studio, ate ramen, had like $200 leftover each month but somehow felt fine??&#8221; Now, with more income, they shop at Whole Foods, rent a one-bedroom apartment, and save $1,500 a month. Yet every expense feels heavier. &#8220;Now I&#8217;m stressed about every purchase over $50.&#8221;
&#8220;I think I&#8217;m experiencing some twisted version of lifestyle inflation,&#8221; they added. &#8220;When I made $45K I&#8217;d buy a $15 shirt without thinking. Now I make $105K and I spent 20 minutes last night researching if a $40 sweater was &#8216;worth it.'&#8221;
This sentiment hit home for many commenters who said they've experienced the same thing.
&#8220;When I was making less, I mentally felt &#8216;whatever&#8217; since the progress I was going to make on lower income was minimal,&#8221; one person shared.&nbsp;
Trending: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
&#8220;Before I made enough to save anything, there was no point thinking about money that much. Now my spending habits can make thousands of dollars of a difference in my annual savings and I am thinking of everything in terms of how it <a href="https://www.benzinga.com/personal-finance/24/05/38845785/living-on-edge-nearly-90-of-retirees-worried-inflation-will-eat-away-savings">impacts my retirement</a>,&#8221; another added.
Another person said, &#8220;My <a href="https://www.benzinga.com/personal-finance/24/04/38462785/finally-hit-1-million-and-ive-never-been-more-miserable-this-woman-wants-to-quit-job-but-struggl">higher-paying job is miserable</a> so now every dollar has inherently more value to it. Each one represents endured suffering and relatively few things seem worth the cost.&#8221;
Others blamed the problem on <a href="https://www.benzinga.com/personal-finance/management/25/05/45710917/whats-driving-americans-to-live-paycheck-to-paycheck-one-person-says-its-like-being-thrown-into-adulthood-without-a-map">lifestyle creep and expectations</a>. &#8220;At $50K, spending $100 on a fancy keyboard was a way to feel like I could spend money. At $110K, spending $100 on a fancy keyboard I don&#8217;t really need is just opportunity cost,&#8221; a commenter explained.
One philosophical reply suggested this is a predictable psychological trap. &#8220;Kierkegaard coined the term &#8216;angst&#8217; to describe how it feels when you know that your choices have future consequences, but you don't know exactly which choice will result lead to which consequence,&#8221; they wrote. In essence, when one is broke, their options are limited. When they&#8217;re making six figures, there are more forks in the road.
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Several commenters pointed out that a six-figure salary today <a href="https://www.benzinga.com/personal-finance/25/01/43403375/58-of-people-say-100000-a-year-is-the-bare-minimum-to-avoid-the-financial-stress-of-daily-life-heres-how-many-actually-earn-this">doesn&#8217;t go as far</a> as it once did. &#8220;$100K now is more like $60K pre-COVID,&#8221; one person wrote. Another broke down their expenses on a $160,000 salary and still had less than $1,200 a month left after taxes, healthcare, housing, and child support. &#8220;I should be swimming in cash like Scrooge McDuck.&#8221;
And when it comes to groceries? Whole Foods got roasted. &#8220;<a href="https://www.benzinga.com/25/05/45517752/dave-ramsey-whatever-you-think-youre-spending-at-the-grocery-store-youre-wrong-its-more-than-that">Shopping at Whole Foods</a> is kind of a waste unless you have certain health requirements,&#8221; one person noted. &#8220;There's a reason they call it Whole Paycheck.&#8221;
The original poster may not feel wealthy, but many agreed their habits show long-term thinking.&nbsp;
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

A Software Developer Who Finally 'Escaped Retail Hell' Says They Finally Hit Six Figures But Feel Poorer Than Ever—'I Thought I'd Feel Rich'

The past week was filled with political drama, billionaire power plays, and potential economic impacts. The ongoing feud between President Donald Trump and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk showed no signs of abating. Meanwhile, high-profile billionaires are attempting to reshape the Democratic Party, and former President Joe Biden is dismissing Trump&#8217;s allegations. Lastly, the auto industry is bracing for the impact of Trump&#8217;s steel tariffs.
Trump-Musk Feud Continues
President Donald Trump has declared he has no plans to engage with Elon Musk, further fueling their ongoing disagreement over the controversial &#8216;Big, Beautiful Bill.&#8217; Despite wishing Musk success with Tesla, Trump has made it clear that a conversation with the EV giant&#8217;s CEO is not on his agenda.
<a href="https://www.benzinga.com/news/politics/25/06/45826692/trump-musk-feud-may-not-end-anytime-soon-as-president-says-he-has-no-plans-to-speak-to-the-tesla-ceo">Read the full article here.</a>
Musk Supports Trump&#8217;s Impeachment
The war of words between Trump and Musk escalated when Musk publicly endorsed a call to impeach Trump and replace him with Vice President JD Vance. The call for impeachment was made by right-wing commentator Ian Miles Cheong.
<a href="https://www.benzinga.com/news/politics/25/06/45808078/elon-musk-says-yes-to-impeaching-trump-replacing-him-with-jd-vance-amid-fierce-back-and-forth-over-big-beautiful-bill">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/05/45709073/bono-tells-joe-rogan-that-300000-people-have-died-from-doge-led-usaid-cuts-elon-musk-calls-him-a-liar-says-zero-people-have-died" target="_blank" rel="noreferrer noopener">Bono Tells Joe Rogan That 300,000 People Have Died From DOGE-Led USAID Cuts: Elon Musk Calls Him A Liar, Says &#8216;Zero People Have Died&#8217; &#8211; Benzinga</a>
Billionaires Reboot Democratic Party
Billionaires like James Murdoch and LinkedIn&#8217;s Reid Hoffman are backing a new centrist movement within the Democratic Party. The initiative, known as WelcomeFest, aims to energize moderate voices and build a structured political movement to counterbalance the party&#8217;s progressive wing.
<a href="https://www.benzinga.com/news/politics/25/06/45789292/billionaires-like-james-murdoch-and-linkedins-reid-hoffman-are-fueling-a-centrist-reboot-of-the-democratic-party">Read the full article here.</a>
Biden Dismisses Trump&#8217;s Allegations
Former President Joe Biden has refuted allegations made by Trump concerning his mental health and the use of an autopen for signing official documents. Biden dismissed these allegations as a distraction from the &#8216;disastrous&#8217; bill that Trump and Congressional Republicans are pushing.
<a href="https://www.benzinga.com/news/politics/25/06/45786416/joe-biden-calls-trump-probe-a-distraction-from-disastrous-gop-bill-aiming-to-raise-costs-for-americans-all-to-pay-for-tax-breaks-for-the-ultra-wealthy">Read the full article here.</a>
Trump&#8217;s Steel Tariff Impacts Automakers
Trump&#8217;s 50% tariff on steel imports could significantly increase costs for U.S. auto manufacturers. The industry is now scrambling to restructure its supply chain in response to these tariffs.
<a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin &#8211; Benzinga</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump-Musk Feud Escalates, Billionaires Look To Reboot Democratic Party, And More: This Week In Politics

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