Últimas noticias sobre Locafy (NASDAQ:LCFY) Bolsa

Locafy

Locafy Ltd is focused on commercializing its Software as a Service (SaaS) online publishing technology platform. Its platform enables the ability to publish almost any type of content to almost any device that uses a web browser to display web content. The firm has two operating segments: Publishing and SEO agency. Under the Publishing segment are products and services that the Company offers that are related to digital properties (i.e. mastheads) that it owns e.g. business data published on Hotfrog, advertising placed on AussieWeb, articles published on scoop.com.au. In contrast, under the SEO Agency segment are products and services that are applied to digital properties that are owned and operated by third parties. It derives a majority of its revenue in North America from SEO Agency.

Locafy Ltd

Elon Musk and OpenAI CEO Sam Altman have decided to speed up their ongoing legal battle concerning OpenAI&#8217;s shift to a for-profit model. The trial is set <a href="https://www.benzinga.com/news/24/03/37766544/elon-musk-is-feuding-with-sam-altman-in-a-major-lawsuit-over-openai-and-one-appears-to-already-have">to take place in December.</a>
What Happened: The two parties have reached a consensus to expedite the trial amidst their legal wrangling. In a court document filed on Friday, Elon Musk and OpenAI proposed to fast-track the trial for their dispute and postpone the decision on whether a jury will be involved in the case.
Musk, who co-founded OpenAI, has been at odds with the company since his departure from its board in 2018. 
He formally instigated the dispute last year by suing OpenAI in a California state court, claiming that the company had &#8220;betrayed&#8221; its mission by introducing a for-profit arm in 2019 and strengthening its alliance with Microsoft in 2023.
Also Read: <a href="https://www.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">Elon Musk Battles OpenAI Over Move To For-Profit Model — And Experts Are Pushing Back</a>
Earlier this month, US District Judge Yvonne Gonzalez Rogers denied Musk&#8217;s request for an injunction on OpenAI&#8217;s restructuring, but agreed to fast-track the trial over &#8220;interrelated contract-based claims&#8221;. OpenAI, for its part, has expressed satisfaction with the decision and is eager to present its case in court.
In February, Musk also made a $97.4 billion acquisition offer for the company, which was promptly turned down by OpenAI CEO Sam Altman.
Why It Matters: This legal dispute is a significant development in the AI industry, as it involves two major players, Elon Musk and OpenAI. 
The outcome of this case could potentially influence the future direction of AI companies and their decision to transition to a for-profit model. Furthermore, the trial&#8217;s expedited timeline indicates the urgency and importance attached to this case by both parties. 
The legal battle also underscores the ongoing tension between Musk and OpenAI, which could have far-reaching implications for their respective roles in the AI sector.
Read Next
<a href="https://www.benzinga.com/tech/24/12/42257564/musk-goes-to-court-to-block-openais-for-profit-transition" target="_blank" rel="noreferrer noopener">Musk Goes To Court To Block OpenAI's For-Profit Transition</a>

News

Tech

Elon Musk And Sam Altman Just Agreed On One Thing—And No, It's Not A Business Deal

The TON (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TON</a>) token has witnessed a significant surge in value, following the recovery of Telegram founder Pavel Durov&#8216;s passport from French authorities.
What Happened: The price of TON has escalated by over 20%, trading above $3.45 and boasting a market capitalization of $8.14 billion. This price hike coincides with the return of Durov&#8217;s passport by French authorities.
The TON Foundation, the organization supporting the Telegram Open Network (TON), voiced its support for Durov on social media. The foundation commended Durov&#8217;s steadfast commitment to upholding online free speech and privacy rights.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TON Foundation Celebrates Pavel Durov&#39;s Passport Return TON Foundation is delighted to learn that Pavel Durov&#39;s passport has been returned to him by French authorities, granting him the freedom to leave the country at his discretion. This news marks a significant moment of… <a href="https://t.co/KkNG7UnJBg">pic.twitter.com/KkNG7UnJBg</a>
&mdash; TON &#x1f48e; (@ton_blockchain) <a href="https://twitter.com/ton_blockchain/status/1900923518281543959?ref_src=twsrc%5Etfw">March 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The value of TON has also been positively influenced by the introduction of new features to the Wallet app on Telegram. These enhancements include multiple assets, a yield program, an updated user interface, and more.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42312553/telegram-related-ton-crypto-secures-20-million-raise-from-pantera-capital-down-13-from-all-time-high">Telegram-Related TON Crypto Secures $20 Million Raise From Pantera Capital</a>
Why It Matters: The return of Durov&#8217;s passport and the subsequent rise in TON&#8217;s value underscore the influence of Durov&#8217;s leadership on the cryptocurrency&#8217;s market performance. 
His commitment to privacy and free speech, as well as the introduction of new features to the Wallet app, have bolstered investor confidence, leading to a surge in TON&#8217;s market capitalization.
Read Next
<a href="https://www.benzinga.com/news/24/11/42154443/we-want-to-build-platform-that-allows-us-to-find-consensus-in-community-opinion-says-tons-jack-booth">We Want To Build Platform That Allows Us To Find Consensus In Community Opinion, Says TON Society&#8217;s Jack Booth</a>

$TON

TON Token Value Soars 20% As Telegram Founder Pavel Durov Regains Passport From French Authorities

Recent Internal Revenue Service data reveals that tax refunds are <a href="https://www.benzinga.com/25/03/44295365/trump-wants-no-tax-for-anybody-making-less-than-150000-a-year-says-howard-lutnick-thats-what-im-working-for">substantially larger this year</a>, even though fewer Americans are filing early returns.
According to a Detroit Free Press <a href="https://www.freep.com/story/money/taxes/2025/03/13/irs-receiving-fewer-early-returns/82303587007/" target="_blank" rel="noreferrer noopener">report</a>, this shift presents a valuable opportunity for tax professionals to guide clients through changing tax dynamics.
Larger Refunds for Early Filers
As of Feb. 21, the average federal income tax refund rose to $3,453 — a 7.5% increase from the previous year, <a href="https://www.irs.gov/newsroom/filing-season-statistics-for-week-ending-feb-21-2025" target="_blank" rel="noreferrer noopener">according to the IRS</a>. The IRS has distributed over $102.2 billion in refunds so far, marking a 10% increase over the same period in 2024.
See Also: <a href="https://www.benzinga.com/money/how-to-file-your-own-taxes">A Beginner's Guide: How to File Your Own Taxes in 2025</a>
Decline in Early Filing Numbers
Despite larger refunds, early tax filings have dropped by 4.2% compared to 2024, according to IRS data. This decrease affects both professionally-prepared returns (down 5%) and self-prepared submissions (down 3.3%).
New 1099-K Reporting Requirements
The IRS has lowered the 1099-K reporting threshold to $5,000 (previously $20,000), adding complexity for individuals with side hustles or online sales (IRS, 2025). This change has created confusion among taxpayers, especially regarding the distinction between business income and personal item sales.
Tax professionals should educate clients on accurately reporting these transactions to avoid potential penalties.
IRS Staffing Cuts and Potential Delays
The IRS recently announced the layoff of over 6,000 employees. This staffing reduction raises concerns about slower processing times.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/02/43975331/warren-buffett-paid-5-billion-in-taxes-and-says-if-800-other-companies-paid-their-share-no-one-else-would-have-to-pay-a-dime">Warren Buffett: If 800 Other Companies Paid Their Share In Taxes, No One Else Would Have To &#8216;Pay A Dime&#8217;</a></li>
</ul>
Image: Shutterstock

Financial Advisors

Personal Finance

Average Tax Refunds Increase In 2025 Despite Fewer Early Filers

The escalating trade tensions between the U.S. and its key trading partners are creating fresh <a target="_blank" href="https://www.benzinga.com/news/econ-s/25/03/44262286/tariff-uncertainty-poses-major-risk-to-us-automakers-how-much-could-ford-gm-earnings-fall" rel="noreferrer noopener">concerns for the automotive industry</a>.
Goldman Sachs analyst warns tariffs pose a significant downside earnings risk for U.S. automakers and industrial tech companies, with potential reductions in vehicle production and rising costs for imported parts.
The U.S.&nbsp;Environmental Protection Agency&nbsp;(EPA) announced on Wednesday that it is starting the process to reverse dozens of Biden administration rules,<a target="_blank" href="https://www.benzinga.com/25/03/44295619/epa-targets-bidens-climate-policies-starts-process-to-reverse-passenger-vehicle-truck-emission-rules" rel="noreferrer noopener"> including vehicle emissions standards</a>.
The Federal Trade Commission requested a delay in its trial against&nbsp;Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), citing resource constraints due to recent cuts by the <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44310724/doge-cuts-to-ftc-sow-confusion-in-case-against-amazon" rel="noreferrer noopener">Department of Government Efficiency</a>.
U.S. President&nbsp;Donald Trump&nbsp;has indicated that&nbsp;Meta Platforms&nbsp;Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) could invest up to $60 billion in the <a target="_blank" href="https://www.benzinga.com/markets/25/03/44323127/trump-suggests-meta-may-invest-up-to-60-billion-in-the-us-by-the-end-of-2025" rel="noreferrer noopener">United States by the end of the year</a>.
Earnings
SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) reported fourth-quarter revenue of $225.5 million, beating the&nbsp;consensus estimate of $222.25 million and adjusted earnings of four cents per share, beating<a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44291341/sentinelone-q4-earnings-revenue-beat-eps-beat-shares-sink-on-soft-guidance" rel="noreferrer noopener"> estimates of one cent per share</a>.
UiPath, Inc. reported fourth-quarter&nbsp;earnings of&nbsp;nine&nbsp;cents per share, which beat the analyst consensus estimate of&nbsp;three&nbsp;cents and revenue of $424 million missed the <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44311004/uipath-stock-down-faces-caution-despite-margin-gains-analyst-doubtful-about-companys-ai-transition-capability" rel="noreferrer noopener">consensus estimate of&nbsp;$425.36 million</a>.
Blink Charging (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) reported fourth-quarter&nbsp;losses of&nbsp;15 cents&nbsp;per share, which beat the consensus for losses of 17 cents, and revenue of $30.18 million missed the <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44318350/blink-charging-shares-up-slightly-after-q4-results-heres-why" rel="noreferrer noopener">analyst consensus estimate of&nbsp;$30.52 million</a>.
Rubrik (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) reported fourth-quarter&nbsp;losses of&nbsp;61 cents per share, which beat the analyst consensus estimate for losses of 80 cents and revenue of $258.1 million beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/03/44317342/rubrik-stock-climbs-after-strong-q4-results-q1-guidance-above-estimates" rel="noreferrer noopener">consensus estimate of&nbsp;$233.1 million</a>.
Technology
Tech billionaire and venture capitalist&nbsp;Peter Thiel is considering writing a book about ancient prophecies, the Antichrist, and Armageddon—and he believes we're ignoring what may be the most dangerous threat of all: the rise of global<a target="_blank" href="https://www.benzinga.com/tech/25/03/44238979/palantir-cofounder-peter-thiel-might-write-a-book-about-ancient-prophecies-the-antichrist-and-armageddon-he-thinks-were-ignoring-the-real-threat" rel="noreferrer noopener"> authoritarianism disguised as peace</a>.
NVIDIA Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) teamed up with&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to introduce neural shading support in the&nbsp;<a target="_blank" href="https://www.benzinga.com/25/03/44305160/revolutionizing-gaming-nvidia-and-microsofts-neural-shading-brings-ai-to-graphics" rel="noreferrer noopener">Microsoft DirectX preview for April</a>.
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is eyeing the production of an affordable version of its popular&nbsp;Model Y in Shanghai. The company plans to commercialize in 2026 at its Shanghai <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44330619/tesla-bets-on-low-cost-evs-in-china-after-february-sales-hit-two-year-low" rel="noreferrer noopener">Gigafactory for its China market.</a>
SpaceX's&nbsp;Crew-10 astronaut launch for&nbsp;NASA&nbsp;was postponed due to a hydraulics glitch. The&nbsp;Elon Musk-led rocket manufacturing company has <a target="_blank" href="https://www.benzinga.com/25/03/44296357/spacex-crew-10-astronaut-launch-to-bring-back-stuck-astronauts-delayed-due-to-hydraulics-issue-says-nasa" rel="noreferrer noopener">rescheduled the mission for Friday, March 14</a>.
Alphabet Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;is doubling down with a possible $115 million acquisition of eye-tracking <a target="_blank" href="https://www.benzinga.com/25/03/44267530/while-apple-reportedly-mulls-over-ar-glasses-google-bets-big-on-eye-tracking-tech-with-115-million-adhawk-acquisition-report" rel="noreferrer noopener">startup&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44267530/while-apple-reportedly-mulls-over-ar-glasses-google-bets-big-on-eye-tracking-tech-with-115-million-adhawk-acquisition-report" rel="noreferrer noopener">AdHawk Microsystems</a>.
Meta&nbsp;won an emergency legal ruling to block the promotion of a memoir written by a&nbsp;former high-ranking employee&nbsp;who claims the company ignored sexual harassment complaints and quietly <a target="_blank" href="https://www.benzinga.com/25/03/44294128/meta-silences-whistleblower-who-worked-with-mark-zuckerberg-and-sheryl-sandberg-book-alleges-harassment-and-shady-china-strategy" rel="noreferrer noopener">built censorship tools for China</a>.
Gaming
Nintendo Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) went all out for&nbsp;MAR10 Day&nbsp;this year, unveiling a packed celebration full of game discounts,<a target="_blank" href="https://www.benzinga.com/25/03/44212558/nintendos-mar10-day-bash-includes-a-349-switch-bundle-trip-to-super-nintendo-world-and-alarm-clocks-that-talk-back-heres-what-you-need-to-know" rel="noreferrer noopener"> travel sweepstakes, and more</a>.
Smartphones
Apple Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) services chief&nbsp;Eddy Cue&nbsp;shared insights into&nbsp;Apple TV+&#8217;s&nbsp;selective content strategy while praising the global success of "Severance,&#8221; calling it one of the most culturally<a target="_blank" href="https://www.benzinga.com/general/entertainment/25/03/44212936/eddy-cue-praises-severance-for-breaking-through-the-noise-globally-says-apple-tv-isnt-going-to-throw-20-shows-on-the-wall-hoping-one-will-stick" rel="noreferrer noopener"> impactful shows of recent years</a>.
Apple is preparing for what&nbsp;Mark Gurman&nbsp;described as "one of the most dramatic software overhauls" in the iPhone maker's history, with iOS 19 set to transform the <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44240980/iphones-after-ios-19-will-feature-a-very-different-look-heres-whats-apple-might-change" rel="noreferrer noopener">smartphone's interface later in 2025</a>.
On March 11,&nbsp;Nothing&nbsp;will begin shipping its new&nbsp;Phone&nbsp;(3a) series, offering premium features under $500—but with a few trade-offs that <a target="_blank" href="https://www.benzinga.com/25/03/44214865/nothing-launches-phone-3a-and-3a-pro-with-flagship-specs-under-500shipping-starts-march-11-but-no-wireless-charging-or-ip68-rating" rel="noreferrer noopener">budget buyers should consider</a>.
Samsung Electronics Co.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) has reassured fans that the beloved&nbsp;S Pen&nbsp;isn&#8217;t going away, even though its absence from major product <a target="_blank" href="https://www.benzinga.com/media/25/03/44268878/samsung-says-s-pen-isnt-going-anywhere-but-if-thats-true-why-did-it-disappear-from-the-galaxy-s25-ultra-launch" rel="noreferrer noopener">announcements stirred some doubts</a>.
Artificial Intelligence
As China&#8217;s AI race accelerates, the viral autonomous agent&nbsp;Manus AI&nbsp;has partnered with&nbsp;Alibaba Group Holding Ltd&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Qwen&nbsp;team to develop a localized <a target="_blank" href="https://www.benzinga.com/25/03/44267707/chinas-viral-ai-agent-manus-which-is-being-compared-with-deepseek-taps-alibabas-qwen-for-local-expansion-heres-what-you-need-to-know" rel="noreferrer noopener">version tailored for Chinese users</a>.
China&#8217;s&nbsp;Manus AI&nbsp;is being hyped as the next big leap in agentic AI—maybe even a &#8220;DeepSeek moment&#8221;—but early testers say the platform <a target="_blank" href="https://www.benzinga.com/media/25/03/44214424/move-over-deepseek-not-so-fast-chinas-manus-ai-goes-viral-but-early-users-say-it-crashes-loops-and-fumbles-the-basics" rel="noreferrer noopener">might be more sizzle than substance</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;spoke candidly at a private Morgan Stanley event, revealing what he believes investors are still <a target="_blank" href="https://www.benzinga.com/25/03/44297444/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its-gpus" rel="noreferrer noopener">underestimating about artificial intelligence</a>.

Equities

Large Cap

AAPL

AMZN

BABA

BLNK

GOOG

MSFT

NTDOY

NVDA

RBRK

SSNLF

TSLA

Consumer Tech News (Mar 10-Mar 14): Manus AI Creating Hype, Tesla Eyes Affordable Version Model Y In China & More

Defense Secretary Pete Hegseth has directed a review of military standards related to physical fitness and appearance, signaling potential changes to recent policies designed to increase diversity and inclusion.
The review, <a href="https://media.defense.gov/2025/Mar/12/2003666182/-1/-1/1/RAPID-FORCE-WIDE-REVIEW-OF-MILITARY-STANDARDS-OSD001952-25-RES-FINAL.PDF" target="_blank" rel="noreferrer noopener">ordered</a> late Wednesday in a memo, focuses on physical fitness, body composition, and grooming guidelines, including beard policies across all military services.
&#8220;We must remain vigilant in maintaining the standards that enable the men and women of our military to protect the American people and our homeland as the world&#8217;s most lethal and effective fighting force,&#8221; the memo read.
Hegseth&#8217;s directive to the Under Secretary of Defense for Personnel and Readiness aims to examine the evolution of these standards since January 2015, when the military opened all combat roles to women, The Hill <a target="_blank" href="https://thehill.com/policy/defense/5196183-military-standards-review/?tbref=hp" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/25/03/44346571/trade-war-may-boost-airbus-over-boeing-aercap-ceo-says-no-ones-going-to-want-to-pay-that" rel="noreferrer noopener">Trade War May Boost Airbus Over Boeing — AerCap CEO Says &#8216;No One&#8217;s Going To Want To Pay That&#8217;</a>
The memo highlights concerns about maintaining high standards that ensure military readiness and effectiveness.
Hegseth&#8217;s recent statements suggest a desire to tighten standards, particularly in response to what he claims are loosened requirements for physical fitness and body composition to meet diversity quotas.
He has previously criticized changes, such as higher body fat limits for recruits, and questioned the inclusion of women in combat roles, although he later pledged to ensure women have equal access to these positions as long as standards remain high.
The review will also likely address changes in grooming policies, including relaxed rules on hairstyles and appearance, aimed at accommodating diverse service members, particularly those in the Army.
The outcome of the review could result in stricter regulations across the military.
&#8220;Our adversaries are not growing weaker, and our tasks are not growing less challenging. This review will illuminate how the Department has maintained the level of standards required over the recent past and the trajectory of any change in those standards,&#8221; the memo added.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/03/44329551/youre-sure-nobody-in-the-white-house-shorted-the-dow-foxs-peter-doocy-challenges-trump-three-times-in-a-day" target="_blank" rel="noreferrer noopener">&#8216;You&#8217;re Sure Nobody In The White House Shorted The Dow?&#8217;—Fox&#8217;s Peter Doocy Challenges Trump Three Times In A Day</a></li>
</ul>
Image: Shutterstock

Politics

Markets

General

Pentagon Orders Review of Fitness and Grooming Standards

In a world of ever-changing investment landscapes, the enduring wisdom of the late investment expert and Warren Buffett&#8216;s partner, Charlie Munger, continues to guide investors towards better investment results.
What Happened: Munger&#8217;s investment philosophy, which focused on capitalizing on market inefficiencies and steering clear of common mistakes that often ensnare investors. Munger&#8217;s belief was that wealth accumulation was not solely about making astute investment choices, but also about evading errors that could diminish wealth.
Munger warned about the dangers of emotional decision-making, a frequent obstacle in investing. He stressed the significance of a logical approach to business and investing, urging investors to cultivate a disciplined, rational mindset towards their financial choices.
"A great business at a fair price is superior to a fair business at a great price. If you're not willing to react with equanimity to a market price decline of 50% two or three times a century, you're not fit to be a common shareholder, and you deserve the mediocre result you're going to get," Munger said during an <a href="https://www.youtube.com/watch?v=ytGa7WR_UmI">interview</a>.  
Munger also cautioned investors about the perils of market timing. He was of the opinion that a steady presence in the market usually outperforms efforts to time market entries and exits. He championed a buy-and-hold strategy, highlighting the strength of patience and long-term vision in investing.
Also Read: <a href="https://www.benzinga.com/news/25/02/43581818/charlie-mungers-four-life-lessons-consume-less-than-you-accumulate-invest-judiciously-persistently-learn-and-uphold-discipline">Charlie Munger&#8217;s Four Life Lessons: &#8216;Consume Less Than You Accumulate, Invest Judiciously, Persistently Learn, and Uphold Discipline&#8217;</a>
Finally, Munger emphasized the importance of achieving the right balance in diversification. He warned against both over-diversification and under-diversification, advocating for a balanced approach that is adapted to individual situations.
&#8220;Wide diversification, which necessarily includes investment in mediocre businesses, only guarantees ordinary results," he said. 
He was convinced that identifying the right degree of diversification could potentially improve risk-adjusted returns and construct a more robust portfolio.
Why It Matters: Munger&#8217;s advice remains relevant in today&#8217;s volatile investment environment. His emphasis on rational decision-making, consistent market presence, and balanced diversification provides a roadmap for investors navigating the complexities of the market. 
His wisdom serves as a reminder that avoiding common investment pitfalls is as crucial as making smart investment decisions for wealth creation.
Read Next
<a href="https://www.benzinga.com/news/25/01/43219503/charlie-mungers-three-investment-lessons-buy-wonderful-businesses-at-fair-prices-big-money-isnt-in-buying-or-selling-its-in-waiting-good-businesses-are-ethical-businesses" target="_blank" rel="noreferrer noopener">Charlie Munger's Three Investment Lessons: ‘Buy Wonderful Businesses At Fair Prices, Big Money Isn't In Buying Or Selling-It's In Waiting, Good Businesses Are Ethical Businesses'</a>

Success Stories

Charlie Munger's Timeless Investment Advice: Sidestep These Three Common Missteps

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) stock escalated 95.95%  after the company reported a 502% year-over-year increase <a href="https://www.benzinga.com//node/44301722" target="_blank" rel="noreferrer noopener">in fourth-quarter bookings to $18.3 million</a>.</li>
<li>Protagonist Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTGX#NASDAQ">PTGX</a>) stock jumped 42.84% after the company announced topline results from its Phase 2b ANTHEM-UC study of icotrokinra in ulcerative colitis. The study met its primary <a href="https://www.benzinga.com//node/44220449" target="_blank" rel="noreferrer noopener">endpoint in all dose groups evaluated</a>. Several analysts raised the <a href="https://www.benzinga.com/quote/ptgx/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Veren Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRN#NYSE">VRN</a>) shares upped 24.24% after the company inked a merger deal with Whitecap Resources Inc. for an all-share transaction valued at around C$15 billion <a href="https://www.benzinga.com//node/44223155" target="_blank" rel="noreferrer noopener">($10.4 billion), including net debt</a>.</li>
<li>IonQ Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) stock rose 21.65%. The company disclosed that it now owns or controls nearly 400 granted and pending <a href="https://www.benzinga.com//node/44246776" target="_blank" rel="noreferrer noopener">quantum networking patents globally</a>.</li>
<li>Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) stock grew 20%, probably amid a rebound from weakness earlier this week. The sector may be seeing a boost following softer-than-expected February inflation figures.</li>
<li>Semtech Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) stock increased 18.21% after the company reported better-than-expected <a href="https://www.benzinga.com//node/44317455" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>. Several analysts revised the <a href="https://www.benzinga.com/quote/smtc/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Orla Mining Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#AMEX">ORLA</a>) stock rose 15.52%.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) stock increased 15.45% after the company secured a multi-year deal with Mercedes-Benz <a href="https://www.benzinga.com//node/44262398" target="_blank" rel="noreferrer noopener">to supply Lidar sensors</a>.</li>
</ol>
Image via D-WAVE
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44347715/applovin-super-micro-computer-and-intel-among-top-10-large-cap-gainers-last-week-mar-10-mar-14-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Applovin, Super Micro Computer And Intel Among Top 10 Large-Cap Gainers Last Week (Mar 10-Mar 14): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44347748/coinbase-apple-and-robinhood-are-among-top-large-cap-losers-last-week-mar-10-mar-14-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Coinbase, Apple And Robinhood Are Among Top Large-Cap Losers Last Week (Mar 10-Mar 14): Are The Others In Your Portfolio?</a></li>
</ul>

Mid Cap

Movers

Trading Ideas

HSAI

IONQ

ORLA

PTGX

QBTS

RGTI

SMTC

D-Wave Quantum And IonQ Are Among Top Mid-Cap Stock Gainers Last Week (Mar 10-Mar 14): Are The Others In Your Portfolio?

Netflix Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) new high-budget film &#8220;The Electric State&#8221; has received a tepid response from critics, despite the streaming service reportedly investing hundreds of millions in its production.
What Happened: The sci-fi movie, which premiered on Friday, has garnered a score of a mere 17% from 69 reviews on Rotten Tomatoes. The movie features Millie Bobby Brown and Chris Pratt, and is directed by the Russo brothers, who are renowned for their contributions to the Marvel Cinematic Universe.
Estimates indicate that the film&#8217;s budget could have reached $320 million, positioning it among the most costly movies ever produced. 
This figure significantly surpasses the combined budgets of the 10 most recent Oscar winners for best picture, which collectively amount to less than $230 million, <a href="https://www.businessinsider.com/the-electric-state-netflix-budget-critics-reviews-2025-3">report</a>I Insider.
The Russo brothers have previously achieved success with high-budget films, including&nbsp;&#8220;Captain America: The Winter Soldier,&#8221;&nbsp;which grossed $714 million worldwide&nbsp;on a reported $170 million&nbsp;budget.
Also Read: <a href="https://www.benzinga.com/markets/equities/25/03/44342307/netflix-stock-up-1-3-after-key-signal-reversing-early-weakness">Netflix Stock Up 1.3% After Key Signal, Reversing Early Weakness</a>
 However, their recent endeavors&nbsp;outside the Marvel Cinematic Universe, particularly on streaming platforms, have not been as fruitful.
&#8220;The Electric State&#8221; is an adaptation of Simon Stålenhag&#8217;s 2018 illustrated novel of the same title, but critics have labeled the film as &#8220;derivative&#8221; and &#8220;soulless,&#8221; with &#8220;mind-numbingly repetitive&#8221; action sequences.
Netflix and the Russo brothers&nbsp;have not yet issued any comments in response to these critiques.
Why It Matters: The lukewarm reception of &#8220;The Electric State&#8221; raises questions about the sustainability of high-budget productions for streaming services. Despite the massive investment, the film&#8217;s poor critical response could impact its viewership and return on investment. 
This could potentially influence Netflix&#8217;s future decisions regarding the allocation of its budget for film productions. 
The Russo brothers&#8217; recent lackluster performances&nbsp;outside the Marvel Cinematic Universe&nbsp;also suggest a need for a strategic reassessment of their projects.
Read Next
<a href="https://www.benzinga.com/25/01/43098429/netflix-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Netflix Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

Entertainment

NFLX

Netflix's $320 Million 'The Electric State' Becomes Its Most Expensive and Most Disappointing Movie

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) shares dipped 20.08%. The company agreed to acquire Photonic IC Testing Company Quantifi Photonics <a href="https://www.benzinga.com//node/44236516" target="_blank" rel="noreferrer noopener">for an undisclosed amount</a>. Analysts cut price <a href="https://www.benzinga.com/quote/ter/analyst-ratings" target="_blank" rel="noreferrer noopener">forecasts for the company</a>.</li>
<li>Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock tumbled 16.90%, probably amid economic worries driven by tariffs and trade policies.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares dipped 15.79% amid a decline in <a href="https://www.benzinga.com//node/44287858" target="_blank" rel="noreferrer noopener">Bitcoin due to tariff uncertainty</a>.</li>
<li>SailPoint, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NASDAQ">SAIL</a>) shares fell 15.19%.</li>
<li>Genmab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMAB#NASDAQ">GMAB</a>) shares decreased 15.04% after Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) decided not to exercise its option to receive a worldwide license to develop, manufacture, and commercialize HexaBody-CD38. Genmab will not <a href="https://www.benzinga.com//node/44221409" target="_blank" rel="noreferrer noopener">pursue further clinical development</a>.</li>
<li>Interactive Brokers Group, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) stock fell 12.52%, probably due to overall market concerns amid tariff uncertainty.</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) stock plummeted 12.26% after the company cut its first-quarter<a href="https://www.benzinga.com//node/44244750" target="_blank" rel="noreferrer noopener"> revenue and profit guidance</a>.</li>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) shares declined 12.16% after the company issued the second quarter and FY25 adjusted EPS guidance, with its midpoint below estimates. Several analysts <a href="https://www.benzinga.com//node/44302063" target="_blank" rel="noreferrer noopener">also revised the price forecast</a>.</li>
<li>Expedia Group Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) stock fell 12.05%, probably amid a broader sell-off in travel-related stocks <a href="https://www.benzinga.com//node/44259915" target="_blank" rel="noreferrer noopener">following </a><a href="https://www.benzinga.com//node/44259915" target="_blank" rel="noreferrer noopener">Delta Air Lines&#8217;s</a><a href="https://www.benzinga.com//node/44259915" target="_blank" rel="noreferrer noopener"> guidance cut</a>.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares dipped 11.66%. The company announced <a href="https://www.benzinga.com//node/44252567" target="_blank" rel="noreferrer noopener">operating data for February</a>.</li>
<li>United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stock was down 11.11% after B of A Securities and Barclays cut their <a href="https://www.benzinga.com/quote/ual/analyst-ratings" target="_blank" rel="noreferrer noopener">respective price forecast on the stock</a>.</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stock fell 10.70% last week amid overall market weakness due to continued tariff uncertainty.</li>
</ol>
Photo by Useacoin on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44347715/applovin-super-micro-computer-and-intel-among-top-10-large-cap-gainers-last-week-mar-10-mar-14-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Applovin, Super Micro Computer And Intel Among Top 10 Large-Cap Gainers Last Week (Mar 10-Mar 14): Are The Others In Your Portfolio?</a></li>
</ul>

ADBE

COIN

EXPE

GMAB

HOOD

IBKR

SAIL

Coinbase, Apple And Robinhood Are Among Top Large-Cap Losers Last Week (Mar 10-Mar 14): Are The Others In Your Portfolio?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Rubrik Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) shares jumped 23.17% after it reported upbeat fourth-quarter results, and several analysts revised the <a href="https://www.benzinga.com//node/44334469" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock upped 17.21%, probably because the tech sector rebounded from weakness earlier this week.</li>
<li>Summit Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) shares jumped 16.93% after Evercore ISI Group initiated coverage on the stock with an Outperform rating and<a href="https://www.benzinga.com/quote/smmt/analyst-ratings" target="_blank" rel="noreferrer noopener"> announced a price forecast of $30</a>.</li>
<li>Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) stock jumped 16.52% after the <a href="https://www.benzinga.com//node/44302205" target="_blank" rel="noreferrer noopener">company announced a new CEO</a>.</li>
<li>Venture Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) stock rose 16.03% after Form 4 filings showed multiple insider stock purchases.</li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) shares rose 14.01% after the company announced it signed a memorandum of understanding (MOU) with PyroGenesis Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PYRGF#OTC">PYRGF</a>) for technologies to replace fossil <a href="https://www.benzinga.com//node/44253227" target="_blank" rel="noreferrer noopener">fuels with electric plasma</a>.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares were up 11.96%</li>
<li>Antero Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) shares increased 11.68%, probably due to rising oil prices supported by a weaker dollar.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock gained 10.28% last week after <a href="https://www.benzinga.com//node/44274133" target="_blank" rel="noreferrer noopener">it unveiled new</a> Intel Xeon 6-Powered servers for enhanced AI with 40% more memory and 144 CPU cores.</li>
<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) shares increased 9.18% amid strength in oil and natural gas prices.</li>
</ol>
Image via Shutterstock

INTC

PYRGF

SMCI

SMMT

Applovin, Super Micro Computer And Intel Among Top 10 Large-Cap Gainers Last Week (Mar 10-Mar 14): Are The Others In Your Portfolio?

The past week has been a whirlwind of news for&nbsp;Tesla, Inc., with the electric vehicle giant making headlines for a variety of reasons. From a surprising switch in Baltimore to allegations of rebate manipulation in Canada, Tesla&#8217;s journey has been anything but smooth. Meanwhile, Southeast Asia&#8217;s ride-hailing giant,&nbsp;Grab Holdings, is making strides in the autonomous vehicle sector. Let&#8217;s dive into the details.
Baltimore Ditches Tesla for Ford
In a surprising turn of events, the city of Baltimore has decided to reverse a deal with Tesla that was set in 2024. The city had initially planned to use Tesla&#8217;s electric vehicles for police and other government officials. However, the deal has now been cancelled, with no political reasons cited for the change.
<a href="https://in.benzinga.com/trading-ideas/movers/25/03/44238200/tesla-out-ford-in-city-of-baltimore-goes-in-a-different-direction-reversing-ev-deal-from-2024">Read the full article here.</a>
Also Read:&nbsp;<a href="https://www.benzinga.com/25/03/44136859/asml-faces-uncertainty-as-us-sanctions-on-china-cut-demand-stock-down-24-in-12-months" target="_blank" rel="noreferrer noopener">Chip Equipment Maker ASML Faces Uncertainty As US Sanctions On China Impact Demand</a>
Tesla Accused Of Gaming Canada&#8217;s EV Rebate Program
Tesla is under scrutiny in Canada, with four of its stores suspected of exploiting the country&#8217;s EV rebate program. The stores reportedly sold an average of 30 cars per hour over three days, claiming over half of the rebate funds.
<a href="https://www.benzinga.com/25/03/44213295/tesla-suspected-of-ev-rebate-manipulation-in-canada-amid-sudden-sales-surge-tesla-gamed-the-system-says-industry-body">Read the full article here.</a>
Trump&#8217;s Tesla Purchase Could Boost Sales
President Donald Trump&#8217;s recent acquisition of a Tesla Model S Plaid for White House staff use could potentially drive up the company&#8217;s sales, according to Gary Black, Managing Partner of The Future Fund LLC.
<a href="https://www.benzinga.com/markets/equities/25/03/44268275/trump-buys-tesla-model-s-plaid-gary-black-calls-endorsement-potentially-huge-says-it-could-drive-1-7-million-sales">Read the full article here.</a>
Musk&#8217;s Optimism Vs Munster&#8217;s Prediction
While Tesla CEO Elon Musk expects the company&#8217;s output to double in the next few years, Gene Munster, Managing Partner at Deepwater Asset Management, predicts a drop in deliveries before a surge in 2026.
<a href="https://www.benzinga.com/markets/equities/25/03/44293798/elon-musk-expects-tesla-output-to-double-over-next-couple-of-years-but-gene-munster-predicts-number-to-drop-before-a-surge-in-2026">Read the full article here.</a>
Grab Eyes Autonomous Future
Grab Holdings has teamed up with four global self-driving firms to explore autonomous solutions for its mobility and delivery services across Southeast Asia. The companies include China&#8217;s WeRide Inc and Zelos, Boston&#8217;s Motional, and South Korea&#8217;s Autonomous A2Z.
<a href="https://www.benzinga.com/news/25/03/44224370/grab-teams-up-with-global-self-driving-firms-eyes-future-of-ride-hailing-in-southeast-asia">Read the full article here.</a>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44174628/ai-chip-leaders-nvidia-amd-broadcom-slide-amid-marvell-earnings-and-us-policy-concerns" target="_blank" rel="noreferrer noopener">AI Chip Leaders Nvidia, AMD, Broadcom Slide Amid Marvell Earnings and US Policy Concerns</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>

Tesla's Rollercoaster Ride, Grab's Autonomous Ambitions: This Week In Mobility

In the aftermath of US airstrikes in Yemen, which led to a minimum of 31 fatalities, the Houthi rebel group has <a href="https://www.benzinga.com/news/24/10/41196317/trump-urges-israel-to-target-iran-nuke-sites-hit-nuclear-first-and-worry-about-the-rest-later">issued a warning of retaliation.</a>
What Happened: A series of airstrikes were launched by the US in Yemen on Saturday. This resulted in the death of at least 31 individuals and left 101 others injured, as per the Houthi health ministry. The Houthi group has promised to react with &#8220;more escalation.&#8221;
President Donald Trump announced that he had ordered the airstrikes on regions in Yemen under Houthi control. He pledged to use "overwhelming lethal force" until the rebel group stopped attacks on shipping along a crucial maritime corridor.
As per the report <a href="https://www.nbcnews.com/news/world/houthis-vow-retaliate-us-strikes-death-toll-rcna196605">by </a>NBC News, the Houthis, who are backed by Iran and have seized a part of Yemen including its capital, Sanaa, started launching missiles and drones as a response to the war in Gaza. The group reported explosions in Sanaa and Saada, a Houthi stronghold near the Saudi border, with additional airstrikes early Sunday.
Nasr el-Din Amer, the Houthi spokesperson, revealed that the majority of the casualties from the airstrikes were women and children. The Houthis have committed to continuing their operations "until the blockade on Gaza is lifted."
Trump also issued a warning to Iran to stop supporting the rebel group, holding the country "fully accountable" for the actions of its proxy Houthi group. Iran provides the Houthis with financial support, training, and equipment.
Also Read: <a href="https://www.benzinga.com/news/24/11/41703497/iran-flexes-nuclear-muscle-threatens-us-with-tooth-breaking-retaliation" target="_blank" rel="noreferrer noopener">Iran Flexes Nuclear Muscle, Threatens US With ‘Tooth-Breaking' Retaliation</a>
In a Truth Social post, Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/114167864888304754">wrote</a>, &#8216;To Iran: Support for the Houthi terrorists must end IMMEDIATELY! Do NOT threaten the American People, their President, who has received one of the largest mandates in Presidential History, or Worldwide shipping lanes. If you do, BEWARE, because America will hold you fully accountable and, we won't be nice about it!&#8217;
Hossein Salami, the commander of Iran's Revolutionary Guard Corps, declared that Iran would "respond decisively and destructively" to any enemy threats. However, he also distanced Iran from the Houthis, emphasizing that the group makes their strategic decisions independently.
Why It Matters: The escalating tensions and threats of retaliation from the Houthi group highlight the volatile situation in Yemen. The US airstrikes and the subsequent response from the Houthis have intensified the conflict in the region. 
This development could potentially impact the geopolitical dynamics in the Middle East, with the involvement of Iran adding another layer of complexity. 
The US&#8217;s stance against Iran&#8217;s support for the Houthis also underscores the strained relations between the two nations.
Read Next
<a href="https://www.benzinga.com/news/global/25/03/44211072/iran-dismisses-trumps-nuclear-negotiation-proposal-accuses-us-of-coercion">Iran Dismisses Trump&#8217;s Nuclear Negotiation Proposal, Accuses US of Coercion</a>

Global

Houthi Retaliation Threats Follow US Airstrikes In Yemen, Trump Warns Iran To 'BEWARE'

The week was rife with significant developments in the tech world, particularly in the realm of artificial intelligence (AI). From SoftBank Group&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) announcement of a massive AI data center in Japan to Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) struggle in the AI race, the stories were as diverse as they were impactful. Here&#8217;s a quick round-up of the top stories.
SoftBank&#8217;s $676 Million AI Data Center
On Friday,&nbsp;SoftBank Group revealed plans to acquire assets from Sharp Corp to build a large-scale AI data center. The investment firm will spend approximately $676 million on the project, which aligns with its strategic partnership with OpenAI. The AI data center, set to begin operations in 2026, will be built on a vast area of land and buildings at the Sharp Sakai Factory.
<a href="https://www.benzinga.com/media/25/03/44327422/softbank-to-build-676-million-ai-data-center-in-japan-linked-to-openai-partnership">Read the full article here.</a>
Block&#8217;s AI Performance Boost with Nvidia
Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), led by CEO Jack Dorsey, became the first U.S. company to deploy Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) new AI clusters. Dorsey expects the implementation to be 30 times more powerful than current ones, thanks to Nvidia's DGX SuperPOD with GB200 systems.
<a href="https://www.benzinga.com/markets/equities/25/03/44299872/jack-dorseys-block-first-us-company-to-deploy-nvidias-ai-cluster-predicts-30x-performance-boost">Read the full article here.</a>
Sam Altman&#8217;s AI Warning
OpenAI CEO Sam Altman, speaking at a private Morgan Stanley event, warned that AI will be deflationary. He also highlighted that the biggest constraint for OpenAI isn&#8217;t data or demand, but GPUs.
<a href="https://www.benzinga.com/25/03/44297444/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its-gpus">Read the full article here.</a>
Nvidia&#8217;s Valuation Drop
Despite impressive Q4 earnings,&nbsp;Nvidia&#8217;s stock has seen a significant drop in 2025. The chipmaker&#8217;s valuation is now 41% cheaper compared to November 2022, when ChatGPT was launched, and 85% cheaper from its record high valuations in July 2023.
<a href="https://www.benzinga.com/25/03/44298732/nvidia-valuation-drops-after-2025-rout-ai-chipmakers-price-declines-41-from-its-peak-when-chatgpt-was-launched">Read the full article here.</a>
Apple&#8217;s AI Race Fumble
Apple&#8217;s shares are under significant selling pressure, with the company struggling in the AI race. The stock is down 10.85% year-to-date, 8.22% in the past month, and 1.56% on Friday alone.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">Ray Dalio Has A Chilling Warning For President Trump: Debt Crisis Is Imminent, And An Issue Of &#8216;Paramount Importance&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
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>

SFTBF

Softbank's AI Data Center, Block's AI Boost, Altman's Warning, Nvidia's Valuation Drop, And Apple's Fumble: This Week In Artificial Intelligence

A small business owner recently took to Reddit to vent about an employee who couldn't understand why his hours were being cut. The reason was indeed &#8220;because of the tariffs,&#8221; but the employee was baffled.
&#8220;He asked, condescendingly, why Canada and China having to pay us an extra tax would slow down sales on the consumer end,&#8221; the business owner wrote. &#8220;Said it shouldn't make a difference on packaging.&#8221;
Don't Miss:
<ul>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
The <a href="https://www.reddit.com/r/smallbusiness/comments/1j9c3an/does_anybody_else_have_that_employee_or_those/">post</a> titled, &#8220;Does anybody else have that employee, or those employees, who just can't grasp the impact of the tariffs?&#8221; shared on r/smallbusiness, quickly gained traction, sparking a heated discussion about tariffs, economic literacy, and the real-world consequences of policy decisions. Many commenters expressed frustration over how common it is for people to misunderstand tariffs and taxes in general.
<h2 class="wp-block-heading">Who Really Pays the Price?</h2>
For years, some politicians have claimed that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42383874/expert-slams-trumps-tariff-policies-as-completely-and-utterly-wrong-but-says-we-dont-think-they-are-going-to-do-anything">tariffs are a tax on foreign countries</a>. But business owners and economists alike know that's not how it works. <a href="https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Tariffs are a tax on imports</a>, which means U.S. businesses pay more for the goods they bring in. Those higher costs then get passed on to consumers or result in businesses cutting expenses—like labor.
&#8220;I had just placed a few orders at increased pricing, so I gave him the most top-to-bottom explanation I could,&#8221; the Reddit poster continued. &#8220;He was shocked that tariffs were just an extra tax on us and that the U.S. doesn't just have the capability to produce EVERYTHING.&#8221;
That realization hit hard. &#8220;At the end, he said that's not what he thought when he voted for them.&#8221;
Trending: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
<h2 class="wp-block-heading">A Broader Issue</h2>
The post resonated with many small business owners who have struggled to explain basic economic concepts to employees, customers, and even fellow business owners.
&#8220;The amount of time I have spent explaining how <a href="https://www.benzinga.com/personal-finance/24/01/42757069/i-dont-care-what-tax-bracket-youre-in-suze-orman-insists-youd-be-crazy-to-have-anything-other-than-a-roth-retirement-account">tax brackets</a> work to people and their inability to grasp the concept is astonishing,&#8221; one commenter wrote.
Another chimed in: &#8220;Most people don't even understand their own income taxes. Corporate taxes and international business are way outside of their comfort zone.&#8221;
Others pointed out that financial education in schools is lacking, leaving many Americans ill-equipped to understand economic policies that affect them.&nbsp;
<h2 class="wp-block-heading">Real-World Consequences</h2>
Tariffs aren't just abstract political debates—they have tangible effects on businesses and workers. Several small business owners in the thread shared how tariffs have disrupted their supply chains, raised costs, and led to layoffs.
One business owner in the solar industry said <a href="https://www.benzinga.com/markets/equities/25/03/44269301/trumps-25-tariffs-on-steel-and-aluminum-imports-take-effect-eu-retaliates-us-steel-nucor-century-aluminum-and-other-domestic-stocks-cheer">tariffs on aluminum and steel</a> have made <a href="https://www.benzinga.com/partner/tech/25/02/43943892/from-tariffs-to-funding-freezes-solar-installs-are-getting-pricier-save-up-to-4000-with-monalee-befo">solar panel installations significantly more expensive</a>. &#8220;The average residential system now costs an extra $2,000,&#8221; they wrote. &#8220;Tried to explain it to [my manager], and he argued that customers shouldn't be paying the price for tariffs. Don't really have much of a choice when our material prices go up 20%+.&#8221;
Another commenter shared that their company had to lay off nearly half its staff due to declining sales and uncertainty caused by tariffs. &#8220;Our domestic sales have <a href="https://www.benzinga.com/news/25/02/43949339/consumer-confidence-plummets-in-february-sharp-decline-marks-third-consecutive-monthly-drop">fallen off a cliff</a> since the third quarter. At least 65% month to month. International sales are far worse.&#8221;
See Also: Hasbro, MGM Resorts, and Sketchers Use this Pre-IO AI Marketing Firm — <a href="https://www.benzinga.com/money/rad-intel">and You Can Own a Piece of it From $0.55/Share</a>
<h2 class="wp-block-heading">Misinformation and Frustration</h2>
A recurring theme in the discussion was frustration over how tariffs are portrayed in politics and the media. Many commenters blamed politicians for spreading misinformation about who actually pays tariffs.
&#8220;The number of people who couldn't even be bothered to Google ‘How do tariffs work?' in the fall is astounding,&#8221; one user commented.
Another pointed out that even high-ranking officials seem confused about tariffs. &#8220;My own congresswoman does not understand how tariffs work, which is ridiculous.&#8221;
Some argued that the confusion isn't accidental. &#8220;Almost all the politicians understand. They just know it's better for them to play dumb,&#8221; one commenter suggested.
<h2 class="wp-block-heading">A Lesson in Economics</h2>
For the small business owner who started the discussion, the experience has been eye-opening—but also exhausting. &#8220;I'm sick of explaining tariffs and wish that people were better at doing their own research,&#8221; he admitted.
Read Next:
<ul>
<li>This Startup Is On The Brink Of A Huge Disruption To The $654 Billion Industry – <a href="https://www.benzinga.com/money/venhub-adv">Invest In It Before It Fulfills 800 Pre-Orders</a></li>
</ul>

'Wait, Tariffs Are Just A Tax On Us?'—Employee Shocked As Small Business Owner Cuts His Hours 'Because Of The Tariffs'

The week was a rollercoaster ride in the world of cryptocurrency. From a trader&#8217;s devastating $5 million loss in meme coins to the nearing conclusion of the Ripple-SEC lawsuit, the crypto space was buzzing with activity. The introduction of the Bitcoin Act of 2025 in the House of Representatives and Binance CEO&#8217;s optimism about pro-crypto policies also made headlines. Let&#8217;s dive into the details.
Trader&#8217;s $5 Million Loss In Meme Coins
A trader, known only as 0xforeverblind, turned nothing into a whopping $5 million during the crypto bull run, only to lose it all in meme coins. Despite his initial success, the trader&#8217;s investments in meme coins like Popcat, Gigachad, Mumu The Bull, and Retardio collapsed by 90-95%, leading to his massive loss.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44260478/i-lost-everything-trader-turns-0-into-5-million-loses-it-all-with-meme-coins-that-were-supposed-to-become-the-next-dogecoin-shiba-inu">Read the full article here.</a>
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading" target="_blank" rel="noreferrer noopener">&nbsp;</a><a href="https://www.benzinga.com/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc" target="_blank" rel="noreferrer noopener">House Committee Favors Stablecoin Regulation To ‘Strengthen' Dollar: Majority Whip Says CBDCs Against ‘American Values'</a>
Ripple-SEC Lawsuit Nears Conclusion
The long-standing legal battle between the SEC and&nbsp;Ripple Labs&nbsp;over the alleged $1.3 billion unregistered XRP sale may soon come to an end. The key point of contention is whether XRP's utility and trading status align more with a commodity, like Ethereum, rather than a security.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44314642/ripple-sec-lawsuit-nears-end-will-xrp-be-classified-as-commodity-like-ethereum">Read the full article here.</a>
Bitcoin Act of 2025 Introduced
U.S. Congressman Nick Begich introduced the Bitcoin Act of 2025 in the House. The bill proposes acquiring 1 million BTC over five years, with a 20-year holding period, without taxpayer funding. The bill acknowledges Senator Cynthia Lummis for her advocacy of Bitcoin and financial innovation.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44261690/bitcoin-act-of-2025-introduced-in-the-house-of-representatives">Read the full article here.</a>
Binance CEO Optimistic About Pro-Crypto Policies
Binance CEO Richard Teng expressed optimism about the pro-cryptocurrency policies introduced by U.S. President Donald Trump. Teng believes this shift marks a turning point for the industry, which faced significant challenges during Joe Biden&#8217;s tenure.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44300120/binance-ceo-richard-teng-hails-donald-trumps-bitcoin-reserve-xrp-ethereum-solana-digital-asset-stockpile">Read the full article here.</a>
Strategy Files For $21B To Fund Bitcoin Acquisition
Strategy Inc. announced that it has filed to offer up to $21 billion in preferred stock to raise funds for Bitcoin purchases. The sales agreement involves issuing 8.00% Series A perpetual strike preferred stock with a par value of $0.001 per share.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44220378/strategy-files-for-21b-in-preferred-stock-to-fund-bitcoin-acquisition">Read the full article here.</a>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44268317/sec-postpones-approval-of-several-crypto-spot-etfs-says-influential-analyst" target="_blank" rel="noreferrer noopener">Dogecoin, XRP ETF Filings Delayed By SEC But Influential Analyst Says ‘Relatively High' Odds Of Approval</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>

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

Cryptocurrency

Media

MSTR

Crypto Trader's $5 Million Loss, Ripple-SEC Lawsuit, Bitcoin Act Of 2025: This Week In Crypto

It was a busy week for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a series of events that kept the tech giant in the spotlight. From a secretive court hearing in the UK to the launch of a Metallica concert experience for its Vision Pro headset, Apple made headlines for various reasons. Let&#8217;s dive into the major stories.
<h3 class="wp-block-heading">Apple&#8217;s Secret Court Hearing In The UK</h3>
On Friday, a private court hearing believed to be an appeal by Apple against a UK government demand for backdoor access to its encrypted cloud systems took place in London. The public and media were not allowed to attend the hearing, which reportedly centered on a controversial &#8220;technical capability notice&#8221; issued to Apple by the British government.
<a href="https://www.benzinga.com/news/legal/25/03/44344993/apple-reportedly-fights-uk-governments-unacceptable-encryption-order-behind-closed-doors-no-press-or-public-allowed">Read the full article here.</a>
<h3 class="wp-block-heading">Metallica Concert Experience On Vision Pro</h3>
Apple is hoping to rekindle interest in its struggling Vision Pro headset with a virtual concert featuring Metallica. The immersive 25-minute concert, filmed with 14 ultra-high-resolution 180-degree cameras and powered by Spatial Audio, will be available to Vision Pro users.
<a href="https://www.benzinga.com/25/03/44270009/apple-doubles-down-on-vision-pro-with-metallica-concert-experience-but-can-rock-legends-save-a-3499-headset-thats-already-being-scaled-back">Read the full article here.</a>
<h3 class="wp-block-heading">iPhone 16e Outperforms iPhone SE</h3>
The newly released iPhone 16e has seen strong initial sales, outperforming the third-generation iPhone SE by 60% in its first three days. However, analysts predict that this won&#8217;t be enough to counterbalance Apple&#8217;s declining sales in China this year.
<a href="https://www.benzinga.com/25/03/44345384/apples-new-iphone-16e-outsells-iphone-se-by-60-but-analysts-say-it-wont-stop-china-sales-from-sliding-in-2025">Read the full article here.</a>
<h3 class="wp-block-heading">Apple Stock Under Pressure</h3>
Apple&#8217;s stock is facing significant selling pressure, with shares down 10.85% year-to-date, 8.22% in the past month, and 1.56% on Friday alone.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44284821/apple-stock-takes-a-bite-out-of-investors-as-siri-fumbles-ai-race">Read the full article here.</a>
<h3 class="wp-block-heading">Major Overhaul For iPhones After iOS 19</h3>
Apple is reportedly planning one of the most dramatic software overhauls in its history. The upcoming iOS 19 is expected to transform the iPhone&#8217;s interface, featuring significant updates in icons, menus, apps, system buttons, and windows. The design is said to be loosely based on the Vision Pro's visionOS interface.
<a href="https://www.benzinga.com/markets/equities/25/03/44240980/iphones-after-ios-19-will-feature-a-very-different-look-heres-whats-apple-might-change">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">Ray Dalio Has A Chilling Warning For President Trump: Debt Crisis Is Imminent, And An Issue Of &#8216;Paramount Importance&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
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>

Apple's Secretive UK Court Hearing, Metallica Concert On Vision Pro, iPhone 16e, And Major Overhaul In Store: This Week In Appleverse

The past week was a rollercoaster ride for the markets, with recession fears, record gold prices, and escalating trade wars dominating headlines. The Nasdaq and S&amp;P 500 hit six-month lows, while gold soared to new heights.
Meanwhile, China imposed tariffs on its largest U.S. import, soybeans, and other agricultural products, causing a stir in the market. Amidst all this, there was a glimmer of hope as tech stocks and Bitcoin rebounded following Ukraine&#8217;s acceptance of a U.S.-backed ceasefire proposal with Russia.
Recession Fears Drive Markets Lower
The Nasdaq 100 and S&amp;P 500, tracked by SPDR S&amp;P 500, saw significant declines this week, with tech giants like Tesla, Inc. and Palantir Technologies, Inc. leading the downward trend. President Donald Trump&#8217;s acknowledgment of a potential U.S. recession in a Fox News interview added to the market&#8217;s concerns.
<a href="https://www.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday">Read the full article here.</a>
Also Read:&nbsp;<a href="https://www.benzinga.com/25/03/44195821/taiwan-semiconductor-chief-says-us-expansion-driven-by-ai-and-smartphone-boom-warns-of-supply-shortage" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Chief Says US Expansion Not Driven By Political Pressure, But AI Boom, Warns of Supply Shortage</a>
Gold Hits Record Highs Amid Trade War Fears
Gold continued its strong rise, hitting a fresh record as investors sought safe havens amidst mounting trade tensions and economic uncertainty. Spot gold, tracked by the SPDR Gold Trust, traded at $2,969 per ounce, marking its third consecutive session of gains.
<a href="https://www.benzinga.com/government/regulations/25/03/44308014/gold-hits-record-highs-as-trade-war-fears-fuel-safe-haven-demand-mining-stocks-soar">Read the full article here.</a>
China Imposes Tariffs On Major US Agricultural Imports
In retaliation to President Donald Trump&#8217;s additional 10% levy on Chinese imports, China imposed tariffs on major U.S. agricultural imports, including soybeans. This move is likely to impact many agricultural product manufacturers, suppliers, and related businesses, such as Bunge Global and Archer-Daniels Midland.
<a href="https://www.benzinga.com/25/03/44217379/china-hits-soybeans-with-tariffs-its-largest-us-import-along-with-other-agri-products-here-a-list-of-stocks-and-etfs-that-could-be-impacted">Read the full article here.</a>
Markets Bounce Back As Ukraine Accepts Ceasefire Proposal
Markets rebounded as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire with Russia. This development was seen as a step towards de-escalation, triggering a relief rally in riskier assets like stocks and cryptocurrencies.
<a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia">Read the full article here.</a>
Warren Buffett&#8217;s Take On Tariffs
Legendary investor Warren Buffett characterized tariffs as "an act of war" and a consumer tax. His comments came amidst market turmoil following President Donald Trump&#8217;s implementation of 25% tariffs on Canadian and Mexican imports.
<a href="https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Read the full article here.</a>
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/03/44194807/coinbase-analyst-sees-crypto-spring-ahead-calls-recent-pullback-a-buying-opportunity" target="_blank" rel="noreferrer noopener">Coinbase Is the ‘Blue Chip' Of Crypto, Analyst Likes It On Pullback</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>

Economics

Recession Fears, Gold Records, And Trade Wars: This Week In Economics

As the week drew to a close, the business world was buzzing with a series of impactful stories. From Elon Musk&#8217;s concerns over tariffs to escalating trade tensions and the looming threat of a government shutdown, there was no shortage of headlines to keep investors on their toes.
Tesla, SpaceX Raise Tariff Concerns
Both Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, led by Elon Musk, have voiced concerns over tariffs. They warn that retaliatory measures could negatively impact their respective industries. In letters to U.S. Trade Representative Jamison Greer, the companies urged for a consideration of the broader economic impacts when shaping trade strategies.
<a href="https://www.benzinga.com/tech/25/03/44342569/tesla-spacex-warn-tariffs-could-harm-us-innovation-and-industry">Read the full article here.</a>
Canada&#8217;s Retaliatory Tariffs Draw Criticism
Canada&#8217;s introduction of retaliatory tariffs against the U.S. has drawn criticism from Commerce Secretary Howard Lutnick. The move comes in response to the Trump administration&#8217;s recent trade measures targeting Canadian exports. Lutnick expressed dissatisfaction with Canada&#8217;s approach in an interview ahead of a meeting with Canadian officials.
<a href="https://www.benzinga.com/25/03/44344906/canadas-retaliatory-tariffs-against-us-draw-commerce-secretary-howard-lutnicks-ire-who-thinks-they-are-tone-deaf-the-british-didnt-respond-the-m">Read the full article here.</a>
Trump Optimistic About Russia-Ukraine Ceasefire
President Donald Trump expressed optimism that Russia and Ukraine could soon reach a ceasefire agreement. However, concerns remain on both sides about the proposed ceasefire.
<a href="https://www.benzinga.com/news/global/25/03/44333033/trump-boasts-very-good-chance-of-russia-ukraine-ceasefire-but-zelenskyy-says-putin-broke-deals-25-times-before">Read the full article here.</a>
Schumer Warns of Government Shutdown Impact
Senate Democratic Leader Sen. Chuck Schumer expressed concerns about a potential government shutdown. He warned that such an event could significantly empower Donald Trump and suggested that Elon Musk supports a shutdown to dismantle essential government programs.
<a href="https://www.benzinga.com/25/03/44320221/chuck-schumer-says-a-government-shutdown-will-give-trump-the-keys-to-the-city-state-and-country-and-elon-musk-the-chance-to-destroy-government-services">Read the full article here.</a>
AOC Responds to Shutdown Debate
Alexandria Ocasio-Cortez (D-N.Y.) responded to House Speaker Mike Johnson&#8217;s claim that Democrats were responsible for the looming government shutdown. She countered by emphasizing that Republicans control the House, Senate, and White House and stated that if Republicans need Democrats, they need to negotiate with Democrats.
<a href="https://www.benzinga.com/25/03/44293219/aoc-claps-back-at-mike-johnson-as-senate-moves-closer-to-government-shutdown-if-you-need-democrats-then-you-need-to-negotiate">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44345022/ray-dalio-has-a-chilling-warning-for-president-trump-debt-crisis-is-imminent-and-an-issue-of-paramount-importance">Ray Dalio Has A Chilling Warning For President Trump: Debt Crisis Is Imminent, And An Issue Of &#8216;Paramount Importance&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
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>

Elon Musk's Tariff Concerns For Tesla And Space, Trade Tensions, And Government Shutdown Threats: This Week In Politics

Elon Musk shared a throwback on X, recalling a 2009 lunch where legendary investor Charlie Munger told a table full of people that <a href="https://www.benzinga.com/startups/25/02/43531005/elon-musk-recalls-a-lunch-where-charlie-munger-listed-all-the-reasons-tesla-would-fail-made-me-quite-sad-but-i-told-him-i-agreed">Tesla was destined to fail</a>. Musk, always blunt about Tesla's early struggles, admitted at the time that the odds were stacked against the company.&nbsp;
But despite Munger's doubts, Musk pushed forward. Years later, even Munger had to admit that Tesla's success was nothing short of a "minor miracle."
Yet, for all his skepticism about Tesla, Munger wasn't against all electric vehicles. In fact, he was one of the biggest advocates for BYD, a Chinese EV and battery manufacturer that Berkshire Hathaway backed. Munger raved about BYD's achievements, calling it his "best investment" shortly before his death in 2023.
Don't Miss:
<ul>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a></li>
</ul>
<h2 class="wp-block-heading">The Genius Who Overestimates Himself</h2>
Munger's views on Musk were always a mix of admiration and caution. At the 2014 Daily Journal shareholders meeting, he acknowledged Musk's intelligence but also pointed out his tendency to push the limits of reality.
"He's a genius, and I don't use that word lightly," Munger said. "He's also one of the boldest men who ever came down the pike. So put me down as saying I've always been afraid of the guy whose IQ is 190 and he thinks it's 250." He elaborated,&nbsp; "I like to think there's a little of that risk with Elon. He is a certified genius."
By 2020, Munger hadn't changed his stance much. At the Daily Journal shareholders meeting that year, he made it clear that while he wouldn't bet against Musk, he wasn't buying Tesla stock either. "My thoughts are two," Munger said. "I would never buy [Tesla], and I would never sell it short."
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
Then came his now-famous warning: "Never underestimate the man who overestimates himself."
Munger acknowledged that Musk's confidence bordered on delusion—but sometimes, those delusional thinkers change the world.
<h2 class="wp-block-heading">Munger Loved BYD but Snubbed Tesla</h2>
If Munger was so skeptical of Tesla, why was he all-in on BYD? In short, he saw BYD as a company with strong fundamentals, disciplined leadership, and a clear business strategy.&nbsp;
At the <a href="https://buffett.cnbc.com/video/2009/05/02/afternoon-session---2009-berkshire-hathaway-annual-meeting.html">2009 Berkshire Hathaway annual meeting</a>—the same year as his notorious lunch with Musk—Munger marveled at BYD's rapid ascent, labeling it "unbelievable."
"They went into the automobile business with zero experience, very little capital, and they still created the best-selling model in China. This is not normal. This is a damn miracle," he said.
Munger saw BYD as a disciplined company that methodically built itself up, while Tesla, in his eyes, was fueled by Musk's relentless overconfidence.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
<h2 class="wp-block-heading">The Legacy of Munger's Tesla Criticism</h2>
Tesla has had its ups and downs since that 2009 lunch. It defied the odds to become a global powerhouse, but in 2025, it's facing a sharp decline. Tesla's stock has dropped nearly 50% since mid-December, with analysts pointing to a mix of factors, including Musk's divisive political stances, declining global sales, and increased competition in the EV market. Some investors, like Ross Gerber, believe the company could face further struggles, while others see long-term opportunities in Tesla's robotaxi ambitions and AI-driven projects.
Munger remained consistent in his skepticism of Tesla throughout his life. His stance wasn't necessarily about Tesla's technology—it was <a href="https://www.benzinga.com/news/25/01/42976301/charlie-munger-said-his-family-only-owns-3-stocks-damn-right-theyre-rich-because-diversification-is-for-know-nothing-investors">about his investment philosophy</a>, which prioritized stable, disciplined companies over high-risk ventures led by larger-than-life personalities.
While <a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">Tesla's future</a> remains uncertain, Munger's perspective on Musk—a genius who overestimates himself—continues to be a defining lens through which many view the billionaire today.
Read Next:
<ul>
<li>Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a></li>
<li><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></li>
</ul>

Charlie Munger Called Elon Musk a 'Certified Genius' Who Exaggerates His IQ—But Warned: 'Never Underestimate the Man Who Overestimates Himself'

Canadian musician Grimes has openly expressed her disapproval of Elon Musk <a href="https://www.benzinga.com/news/24/09/40866970/new-book-reveals-elon-musks-twitter-buy-fumble-and-mix-up-over-grimes-baby-name">for publicly displaying their four-year-old son</a>.
What Happened: Grimes voiced her discontent with Musk&#8217;s actions. In a post on X, she criticized Musk for his public display involving their child.
&#8220;I unfortunately do not control the internet and cannot wipe this from the internet. I have tried begging the public and my kids dad to keep them offline, and I&#8217;ve tried legal recourse. I follow you here I&#8217;ve seen young ppl destroyed by the internet too. The state of my children&#8217;s lives being public is of grave concern to me and I think about how to solve this every day. It&#8217;s insane to me that there&#8217;s no way to deal with this,&#8221; she wrote in the post. 
Grimes was responding to a post on X, when a user questioned what she was doing to safeguard her children from misinformation.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I unfortunately do not control the internet and cannot wipe this from the internet. I have tried begging the public and my kids dad to keep them offline, and I&#39;ve tried legal recourse. I follow you here I&#39;ve seen young ppl destroyed by the internet too. The state of my…
&mdash; 
</blockquote></div></figure>

Social Media

Grimes Slams Elon Musk for Putting Their Children in Spotlight: 'I've Tried Begging Public And My Kids' Dad To Keep Them Offline'

Press Releases

Locafy to Present at the 2024 Gateway Conference on September 5th

Earnings

Locafy Reports Fiscal Fourth Quarter and Full Year 2024 Results

Locafy Reports Fiscal First Quarter 2025 Results

Locafy Secures Media Contract with Total Potential Contract Value of Up to US$6.5 Million

Locafy Unveils 2025 Product Roadmap: AI-Powered Publishing Solutions to Potentially Revolutionize Local SEO

Locafy Launches Strategic Partner Program with Announcement of Unique Point Partnership and Highlights Resellers Transitioning to Strategic Partner Program

Events

Sidoti Events, LLC's Virtual January Micro-Cap Conference

Fintech

Real Estate

Fathom Holdings Partners with Locafy Limited to Boost Real Estate Agents' Visibility in Local Search Results

Locafy Introduces Localizer, a Powerful Solution to Boost Local Search Visibility and Drive Partner-Led Growth

Locafy Limited Highlights Growth and Strategic Partnerships in Recent Investor Presentations

Comments

Locafy

Noticias

Últimas noticias sobre Locafy (NASDAQ:LCFY) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL