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LiveOne

LiveOne Inc, formerly LiveXLive Media Inc is a premium internet network devoted to live music and music-related video content. The company has been building an online destination for music fans to enjoy live performances from music venues and music festivals around the world, such as Rock in Rio, Outside Lands Music and Arts Festival, and Hangout Music Festival, as well as original content, artist exclusives, and industry interviews. The Company operates mainly through three segments, PodcastOne, Slacker, and Media Group, with a majority of its revenue derived from the Slacker segment.

LiveOne Inc

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Two of Wall Street&#8217;s most influential figures took significant financial actions just days before a major market downturn, raising questions about market timing and insider knowledge.
What Happened: JP Morgan CEO Jamie Dimon sold $234 million worth of JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) stock on Feb 20, according to U.S. Securities and Exchange Commission filings. The sale involved approximately 866,361 shares at around $269.83 per share through various family trusts and LLCs.
Days later, Warren Buffett&#8216;s Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) announced a record $334 billion cash balance, suggesting potential caution <a href="https://www.benzinga.com/25/02/43904932/warren-buffett-favors-5-treasury-bills-over-buybacks-as-berkshire-hathaways-cash-pile-surges-the-rate-of-change-thats-most-telling-says-lawrence-mcdonald">about market valuations</a>.
Over the next 18 days following these moves, the Nasdaq 100 crashed 8.83%, with JPM stock falling over 9.63% in the same period.
Dimon&#8217;s trades have historically served as leading market indicators. During the pandemic in May 2020, he publicly <a href="https://www.cnbc.com/2020/05/26/jamie-dimon-says-jpmorgan-is-a-very-valuable-company-at-these-prices.html">stated</a> JPM was &#8220;very valuable&#8221; amid the market panic, with the stock surging 41% higher within three weeks—event traders dubbed the &#8220;Dimon Bottom.&#8221;
These moves coincide with broader market concerns about the <a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade">economic outlook and policy direction</a>. Futures dropped Sunday evening, with Nasdaq-100 futures falling 0.80% to 20,068.25. The previous week saw the S&amp;P 500 decline 3.10% and Nasdaq Composite drop 3.45%.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chair Robyn Denholm recently sold about $33.7 million in stock, according to an SEC filing on Monday. Since the transaction on Dec. 2, the stock <a href="https://www.benzinga.com/markets/equities/25/03/44099647/tesla-chair-robyn-denholm-sells-over-30-million-in-shares-as-stock-drops-nearly-3-amid-trump-tariff-concerns">has dropped 30.69%</a>.
See Also: <a href="https://www.benzinga.com/25/03/44212384/bill-ackman-clashes-with-david-sacks-over-ukraine-strategy-asks-if-us-should-let-russia-take-the-rest-of-eastern-europe">Bill Ackman Clashes With David Sacks Over Ukraine Strategy, Asks If US Should Let Russia &#8216;Take The Rest Of Eastern Europe&#8217;</a>
Why It Matters: Economic concerns have intensified as President Donald Trump described the economy as going through &#8220;a period of transition&#8221; when questioned about recession possibilities. Bond market signals have raised alarm bells, with investors moving into short-dated Treasuries amid anticipation of <a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade">potential Federal Reserve rate cuts</a>.
Buffett recently characterized tariffs as &#8220;an act of war&#8221; that <a href="https://www.benzinga.com/news/25/03/44122159/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">functions as a consumer tax</a>. Goldman Sachs Group Inc. has warned that tariffs could reduce corporate earnings by 1-2% for every 5% tariff increase, potentially triggering a 5% S&amp;P 500 decline.
Despite market uncertainty, Buffett maintains his long-term bullishness on American companies, stating, &#8220;A majority of any money I manage will always be in the United States.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade">Stock Futures Drop As &#8216;Reverse Trump Trade&#8217; Takes Hold—Peter Schiff Says Market Shift &#8216;Long Overdue&#8217; And Will Likely Continue For A Decade</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Markets

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Jamie Dimon Cashed Out $234 Million In JPMorgan Stock, Warren Buffett Stockpiled $334 Billion In Cash — Weeks Later, Markets Crashed. Coincidence?

In an effort to mock President Donald Trump&#8217;s declaration, renowned economist Peter Schiff declared his own Strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Reserve on Friday, promising not to sell any of it.
What Happened: Schiff took to X to explain the structure of the reserve. 
&#8220;Just like the U.S. government, I&#8217;m developing a budget-neutral strategy for acquiring my Bitcoin at no incremental cost,&#8221; Schiff said, taunting the Trump administration&#8217;s plan for acquiring more BTC.
Schiff also posted the address of the so-called reserve and invited contributions from his followers.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;ve decided to create my own Strategic Bitcoin Reserve. Just like the U.S. government, I&#39;m developing a budget-neutral strategy for acquiring my bitcoin at no incremental cost. Phase one of my strategy is inviting contributions to my reserve. 3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1898180216641798331?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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Schiff clarified that none of the Bitcoins in the reserve will be sold, similar to the structure of the U.S. Strategic Bitcoin Reserve. 
&#8220;It will show why a Bitcoin reserve is a bad idea. I&#8217;m going down with the ship, so others never get on board,&#8221; he added.
According to on-chain <a href="https://www.blockchain.com/explorer/addresses/btc/3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX">data</a>, the address had zero Bitcoin balance as of this writing, with the entirety of the received stash worth $4,452.17 transferred to a different address.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">None of the Bitcoin in my Strategic Reserve, acquired at no incremental cost to myself, using my budget-neutral strategy, will be sold. It will show why a Bitcoin reserve is a bad idea. I&#39;m going down with the ship so others never get on board. 3CfJ9FqLPEWHnqf9PD5EWXTby8qYQ66BRX
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1898740655481831484?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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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"> </a><a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Why It Matters: Schiff&#8217;s announcement follows his recent criticism of the U.S. government&#8217;s decision to create a Bitcoin strategic reserve. He argued that such <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources">investments are a waste of resources</a> and divert capital from real wealth creation. 
A long-standing critic of a national Bitcoin stockpile, Schiff has argued that such a move <a href="https://in.benzinga.com/25/03/44157760/peter-schiff-predicts-a-bitcoin-strategic-reserve-will-accelerate-dollars-demise-the-ultimate-winner-will-be-gold">would accelerate the U.S. dollar&#8217;s demise</a>. 
These developments come amid a <a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade">sharp drop in the cryptocurrency market</a>. Bitcoin tumbled to $80,000 Sunday evening due to concerns around Trump&#8217;s trade policies, sparking a ripple effect across the broader industry.
Price Action: At the time of writing, Bitcoin was exchanging hands at $81,855.92, down 4.94% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: &#8216;I Made The Promise&#8217; — BTC Dips 4%</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

Peter Schiff Establishes Personal 'Strategic Bitcoin Reserve,' Vows Not To Sell: 'Going Down With The Ship So Others Never Get On Board'

Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) will release its second-quarter financial results after the <a href="https://www.benzinga.com/quote/mtn/earnings">closing bell on Monday, March 10</a>.
Analysts expect the Broomfield, Colorado-based company to report quarterly earnings at $6.32 per share, up from $5.76 per share in the year-ago period. Vail Resorts projects quarterly revenue of $1.14 billion, compared to $1.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 16, the company reported that season-to-date total skier visits fell 0.3% year-over-year.
Vail Resorts shares rose 0.2% to close at $157.51 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MTN/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>JP Morgan analyst Matthew Boss maintained an Underweight rating and cut the price target from $176 to $166 on Jan. 17, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Morgan Stanley analyst Megan Alexander maintained an Equal-Weight rating with a price target of $197 on Dec. 23, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Truist Securities analyst Patrick Scholes maintained a Buy rating and cut the price target from $250 to $247 on Dec. 10, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Barclays analyst Brandt Montour maintained an Underweight rating and raised the price target from $155 to $165 on Dec. 10, 2024. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying MTN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/09095321/image-38-1024x577.png" alt="" class="wp-image-815406" style="width:619px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/09095321/image-38-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/09095321/image-38-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/09095321/image-38-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/09095321/image-38.png 1128w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/03/44187903/top-2-consumer-stocks-that-could-blast-off-this-quarter">Top 2 Consumer Stocks That Could Blast Off This Quarter</a></li>
</ul>

Earnings

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Analyst Ratings

Trading Ideas

Vail Resorts Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Nintendo Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) is <a href="https://www.benzinga.com/general/entertainment/23/03/31302637/its-a-me-why-is-march-10-celebrated-as-mario-day">going all out for</a> MAR10 Day this year, unveiling a packed celebration full of game discounts, travel sweepstakes, and more.
Bring Home The Bundle
To mark the annual "Mario Day" celebration, which falls on March 10, Nintendo is offering a $349.99 Nintendo Switch – OLED Model + Super Mario Bros. Wonder Bundle, which includes the console, a digital copy of Super Mario Bros. Wonder, and a three-month Nintendo Switch Online membership. Nintendo says this bundle offers a combined savings of $67.98.
Big Discounts On Mario Favorites
Starting March 9, fans can grab top titles like Mario Kart 8 Deluxe, Super Mario Odyssey, and Super Mario RPG for $39.99 at major retailers like Best Buy Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>), GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRM#NYSE">GRM</a>), Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>). Mario vs. Donkey Kong will also be available at a price tag of just $29.99.
See Also: <a href="https://www.benzinga.com/general/gaming/24/11/41755109/nintendo-reduces-switch-sales-target-eyes-2025-for-next-gen-console-unveil">Nintendo Reduces Switch Sales Target, Eyes 2025 For Next-Gen Console Unveil</a>
Win A Trip To Super Nintendo World
Nintendo is also launching a sweepstakes through My Nintendo, giving one lucky fan and three guests the chance to visit the new Universal Epic Universe in Orlando, Florida. The prize includes access to SUPER NINTENDO WORLD, where guests can explore attractions themed around Mario Kart, Donkey Kong Country, and more.
Take To The Skies With Mario
In a partnership with JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), Nintendo has introduced a Mario-themed aircraft dubbed the "Cloudtop Cruiser." The Airbus A320 Restyled jet features characters like Mario, Luigi, Peach, and Bowser, and even the in-flight screens are decked out with Mushroom Kingdom flair.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Wake Up The Nintendo Way
Available from March 9, the Nintendo Sound Clock: Alarmo tracks sleep and plays themed soundscapes from Nintendo games. It also reacts to movement and will be sold at retailers like GameStop and Walmart.
Why It's Important: Celebrated annually since 2016, MAR10 Day (named for how "Mar. 10" looks like "Mario") honors one of <a href="https://www.benzinga.com/general/gaming/24/03/37576590/why-is-march-10-celebrated-as-mario-day-the-history-of-the-iconic-video-game-character">gaming's most iconic characters</a>.
Nintendo uses the occasion to boost fan engagement, sales, and brand presence with creative promotions and nostalgic appeal.
Last month, Nintendo posted a <a href="https://www.benzinga.com/25/02/43473500/nintendo-q3-earnings-revenue-drops-cuts-outlook-and-dividend-switch-sales-slow-ahead-of-next-gen-console">third-quarter revenue</a> of $1.10 billion (432.92 billion Japanese yen), a decline from $1.70 billion (598.56 billion Japanese yen) recorded in the same period last year.
In January, Nintendo also announced <a href="https://www.benzinga.com/general/gaming/25/01/43051841/nintendo-shares-drop-5-on-tokyo-exchange-after-switch-2-announcement">plans to unveil</a> its new console, Switch 2, starting in April.
Photo by Andrei Armiagov on Shutterstock
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/24/09/41074683/in-a-competitive-console-landscape-nintendo-says-it-will-not-get-involved-in-the-game-war">In A Competitive Console Landscape, Nintendo Says It Will Not &#8216;Get Involved In The Game War&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Gaming

Tech

JBLU

NTDOY

Mario Day Bonanza: Nintendo Offers $349 Switch Deal, Super Nintendo World Sweepstakes, And Talking Mario Alarm Clocks

A Beechcraft Bonanza carrying five people crashed in a parking lot in Lititz, Pennsylvania, near a retirement village south of Lancaster Airport, on Sunday afternoon, according to Federal Aviation Administration officials. All passengers survived and were transported to hospitals for treatment.
Air traffic control recordings revealed the pilot reported &#8220;an open door&#8221; and requested to return for landing shortly before the crash, <a href="https://abcnews.go.com/US/small-plane-crashes-pennsylvania/story?id=119615364">reported</a> ABC News. Despite being cleared to return, controllers soon instructed the pilot to &#8220;pull up&#8221; moments before the aircraft went down around 3 p.m.
Collin Rugg, owner of Trending Politics, shared a clip of the plane crash on X.
According <a href="https://apnews.com/article/plane-crash-lancaster-airport-pennsylvania-97c3834637bd62a8eb6a0f8e8b981274">to</a> the Associated Press, approximately a dozen parked cars were damaged, and residents of Brethren Village were briefly advised to shelter in place as a precaution, according to Duane Fisher, police chief of Manheim Township.<a href="https://apnews.com/article/97c3834637bd62a8eb6a0f8e8b981274?utm_source=chatgpt.com" target="_blank" rel="noreferrer noopener"></a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">JUST IN: Air traffic control audio released following a plane crash in Lancaster County, Pennsylvania. The plane, with five people on board, crashed in the parking lot of a retirement community. Multiple vehicles in the lot caught on fire. According to new audio, the pilot was… <a href="https://t.co/o756QoWBoD">pic.twitter.com/o756QoWBoD</a>
&mdash; Collin Rugg (@CollinRugg) <a href="https://twitter.com/CollinRugg/status/1898845466533531973?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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Three victims required transfer to Lehigh Valley Health Network&#8217;s burn center, while two remain at Lancaster General Hospital. Pennsylvania Governor Josh Shapiro confirmed that state police are assisting local first responders at the scene.
The FAA has launched an investigation, with the National Transportation Safety Board also monitoring the situation. Officials noted the aircraft may have skidded approximately 100 feet after initial ground impact, but no one on the ground was injured.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44212386/stock-futures-drop-as-reverse-trump-trade-takes-holdpeter-schiff-says-market-shift-long-overdue-and-will-likely-continue-for-a-decade">Stock Futures Drop As &#8216;Reverse Trump Trade&#8217; Takes Hold—Peter Schiff Says Market Shift &#8216;Long Overdue&#8217; And Will Likely Continue For A Decade</a></li>
</ul>
Image VIa Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Small Plane Crashes In Pennsylvania Retirement Facility Parking Lot After Pilot Reports 'Open Door'

Influential cryptocurrency analyst Ali Martinez anticipated a significant rebound for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) despite the market slump on Sunday.
What Happened:&nbsp;Martinez, known for spotting chart patterns and issuing price predictions, said in an X post that Dogecoin was nearing a critical&nbsp;support level at the lower&nbsp;boundary of the ascending channel. 
&#8220;Holding above $0.16 could fuel&nbsp;a strong rebound,&#8221; the analyst projected.
An ascending channel pattern is a bullish continuation pattern that suggests that the bullish trend is likely to continue after a period of consolidation.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> is nearing a crucial support level at the lower boundary of this channel. Holding above $0.16 could fuel a strong rebound! <a href="https://t.co/foCUdbnTFZ">pic.twitter.com/foCUdbnTFZ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1898880730857705801?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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Martinez also drew attention to the surge in whale interest for the dog-themed cryptocurrency over the last few days. 
About 1.7 billion tokens, worth $290 million at prevailing prices, were snapped by the largest DOGE whales in the last 72 hours, potentially paving the way for the next breakout.
The finding was corroborated by IntoTheBlock, which <a href="https://app.intotheblock.com/">showed </a>a 41% jump in DOGE transactions valued at over $100,000 in the last 24 hours.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The largest whales on the <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> network have accumulated 1.7 billion DOGE in the last 72 hours, potentially positioning for the next big move! <a href="https://t.co/G8vCHKNvMF">pic.twitter.com/G8vCHKNvMF</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1898777300100870571?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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However, the crucial Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset's price indicator, flashed a "Sell" signal for DOGE, <a href="https://in.tradingview.com/symbols/DOGEUSD/technicals/">according</a> to TradingView.
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"> </a><a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT</a>
Why It Matters: Martinez&#8217;s bullish prognosis comes amid a <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44212362/bitcoin-ethereum-and-dogecoin-crash-as-trump-refuses-to-rule-out-recession-arthur-hayes-predicts-btc-to-retest-78000">volatile cryptocurrency market</a> as leading cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), witnessed a sharp sell-off on Sunday evening due to fears of a recession.
The slump comes after President Donald Trump signed an executive order to establish a Bitcoin Strategic Reserve and hosted the first-ever <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44125213/white-house-crypto-summit-to-feature-roundtable-with-industry-leaders-including-michael-saylor" target="_blank" rel="noreferrer noopener">Crypto Summit</a> at the White House.
Dogecoin hasn&#8217;t been insulated from the decline, as the world&#8217;s leading meme coin fell over 24% in the last week and more than 30% over a month.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.1733, down 9.47% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the meme coin has tanked by 45%.
Image via Shutterstock
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$DOGE

Dogecoin Plunges 9% But Top Analyst Believes Meme Coin Could Stage A 'Strong' Rebound In Case This Happens

A former Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) executive has accused the company and CEO Mark Zuckerberg of going to extraordinary lengths—including enabling censorship and offering data access—to <a href="https://www.benzinga.com/government/23/07/33097839/mark-zuckerbergs-chants-against-china-proves-costly-for-his-metaverse-ambitions-in-country">gain a foothold in China</a>.
What Happened: In a <a href="https://www.benzinga.com/news/23/11/35867623/meta-whistleblower-alleges-that-his-repeated-warnings-to-mark-zuckerberg-about-teen-safety-issues-on">whistleblower complaint</a> filed with the SEC in April, Sarah Wynn-Williams, Meta's former global policy director for China, made these allegations.
She stated that the company, formerly Facebook, developed a China-specific censorship system in 2015 and proposed installing a "chief editor" to manage and potentially shut down content during periods of social unrest.
The 78-page whistleblower complaint, <a href="https://www.washingtonpost.com/technology/2025/03/09/meta-china-censorship-facebook-mark-zuckerberg/">reviewed</a> by The Washington Post, claims Meta was prepared to give the Chinese Communist Party (CCP) oversight of all Facebook content in China and store user data locally—making it more accessible to government surveillance.
See Also: <a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">Apple Delays Next-Gen Siri: &#8216;It&#8217;s Going To Take Us Longer Than We Thought&#8217; To Deliver AI Upgrades</a>
"One of the top priorities for President Trump is the West winning this [AI] critical race and yet for many years Meta has been working hand in glove with the Chinese Communist Party, briefing them on the latest technological developments and lying about it," stated Wynn-Williams.
In a response to the publication, Meta spokesperson Andy Stone said that the company "ultimately opted not to go through with the ideas we'd explored," and that this was "widely reported beginning a decade ago."
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Why It's Important: The complaint underscores long-running concerns about Big Tech's willingness to compromise on free expression and privacy in pursuit of market access.
Earlier this year in January, Meta agreed to a <a href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments">$25 million settlement</a> with President Donald Trump over his suspension from Facebook and Instagram. Trump's 2021 lawsuit alleged that Meta and other tech companies engaged in improper censorship.
Since the beginning of the year, Meta has reportedly modified its products and policies in line with Trump&#8217;s political stance and directives. Meta&#8217;s <a href="https://www.benzinga.com/25/01/42960291/metas-content-moderation-changes-alarm-advertisers-as-zuckerberg-aligns-with-trump-and-musk">content moderation updates</a> have also raised concerns among advertisers.
Last month, Zuckerberg visited the White House to <a href="https://in.benzinga.com/tech/25/02/43551024/mark-zuckerberg-visits-white-house-for-advancing-american-tech-leadership-abroad-as-meta-ceo-continues-to-strengthen-ties-with-trump">discuss how Meta can support</a> and promote American tech leadership overseas.
Price Action: Meta&#8217;s stock ended Friday at $625.66, down 0.36%. In after-hours trading, it slipped another 0.23%. Year to date, Meta has gained 4.41%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo courtesy: Shutterstock
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Media

Mark Zuckerberg Offered China Full Censorship Control And User Data Access, Says Meta Whistleblower: 'Working Hand In Glove With The Chinese Communist Party'

Stock futures dropped Sunday evening as investors react to mounting concerns about the U.S. economic outlook and President Donald Trump&#8216;s trade policies.
What Happened: Dow Jones Industrial Average futures fell 0.54% to 42,608.00, while S&amp;P 500 futures declined 0.62% to 5,740.00. Nasdaq-100 futures showed the steepest drop, falling 0.80% to 20,068.25 as of 8:00 pm Sunday, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
The declines follow a difficult week for markets, with the S&amp;P 500 falling 3.10%, the Nasdaq Composite dropping 3.45%, and the Dow losing 2.37%. 
&#8220;The reverse Trump trade continues Sunday night,&#8221; economist Peter Schiff wrote on X. &#8220;U.S. stocks, the dollar, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) are selling off, while foreign stocks and gold are rallying. I believe this will be a powerful trend that is long overdue.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The reverse Trump trade continues Sunday night. So far this evening, U.S. stocks, the dollar, and Bitcoin are selling off, while foreign stocks and gold are rallying. I believe this will be a powerful trend that is long overdue and will likely continue for the rest of the decade.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1898873496349835702?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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In a Fox News interview Sunday, Trump described the economy as going through &#8220;a period of transition&#8221; when asked about recession possibilities. Bond market signals have raised alarm bells, with investors moving into short-dated Treasuries amid anticipation the Federal Reserve may cut <a href="https://www.benzinga.com/markets/25/03/44211421/us-economy-teetering-recession-may-be-looming-as-bond-market-reacts-to-trump-policies">interest rates as early as May</a>.
The White House recently rolled back some tariffs on Canada and Mexico, but uncertainty persists. Allianz Chief Economic Advisor Mohamed El-Erian suggested market reactions reflect companies valuing &#8220;predictability and clarity of policies&#8221; above all else.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Some are wondering why we haven&#39;t had more of a bounce in US equities after the partial rollback of tariffs on Canada and Mexico. I suspect part of the answer lies in the extent to which companies and households value the predictability and clarity of policies. As one CEO put it…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1897996009609085352?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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Economist Justin Wolfers questioned the effectiveness of tariff policies on X Sunday, noting that while successful tariffs should boost American business and stock prices, &#8220;everytime he imposes tariffs, stocks fall. That&#8217;s the market rendering its judgment.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If tariffs are going to work in the way Trump hopes they will &#8212; by rebuilding American business &#8212; they&#39;ll cause stocks to rise. But everytime he imposes tariffs, stocks fall. That&#39;s the market rendering its judgment. <a href="https://t.co/WivUUKd9u0">pic.twitter.com/WivUUKd9u0</a>
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1898837731238621244?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/tech/25/03/44185179/elon-musk-mourned-teslas-lack-of-market-share-in-japan-in-2024-ev-giant-to-now-halt-sale-of-new-model-s-x-vehicles-in-country">Elon Musk Mourned Tesla&#8217;s Lack Of Market Share In Japan In 2024: EV Giant To Now Halt Sale Of New Model S, X Vehicles In Country</a>
Why It Matters: &#8220;Just a few weeks ago we were fielding questions about whether the <a href="https://www.benzinga.com/markets/25/03/44211421/us-economy-teetering-recession-may-be-looming-as-bond-market-reacts-to-trump-policies">U.S. economy&#8217;s re-accelerating</a> — and now all of a sudden the R word is being brought up repeatedly,&#8221; said Gennadiy Goldberg of TD Securities.
Warren Buffett recently characterized tariffs as &#8220;an act of war&#8221; that function as a consumer tax, while economist Justin Wolfers noted on X, &#8220;Everytime he imposes tariffs, stocks fall. That&#8217;s the market rendering its judgment.&#8221;
Trump&#8217;s tariff policies remain a central concern. Former White House communications director Anthony Scaramucci warned in a Yahoo Finance interview, &#8220;I think he&#8217;s going to put us into a recession, frankly,&#8221; describing tariffs as disproportionately affecting lower-income consumers.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Stock Futures Drop As 'Reverse Trump Trade' Takes Hold—Peter Schiff Says Market Shift 'Long Overdue' And Will Likely Continue For A Decade

On Sunday, Bill Ackman responded to a post by David Sacks regarding the U.S. involvement in Ukraine. Ackman questioned the implications of allowing Russia to control Ukraine, emphasizing the strategic importance of Ukraine&#8217;s resources.
What Happened: Ackman posed a rhetorical question, asking if it would be beneficial for the U.S. to let Russia dominate Ukraine and its valuable resources, including rare earths and agriculture. He further inquired about the potential consequences if Russia were to expand its influence over Eastern Europe.
Ackman asked, &#8220;Once Russia has Ukraine, do we let them take the rest of Eastern Europe?&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So you are saying it would be better if we allowed Russia to take control of Ukraine and control their rare earths, agriculture and other resources? How would that be better for the United States? And once Russia has Ukraine, do we let them take the rest of Eastern Europe?
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1898765566912934181?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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Sacks had previously posted on X that the U.S. should &#8220;never have gotten involved in Ukraine.&#8221; He claimed that the military-industrial complex profit and so did the family of former President Joe Biden, but Ukraine suffered.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The United States should never have gotten involved in Ukraine. The military-industrial complex profited. The Biden Family grifted. USAID grafted. Ukraine suffered.
&mdash; David Sacks (@DavidSacks) <a href="https://twitter.com/DavidSacks/status/1898455585676513395?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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In response to Ackman, Sacks countered that Ukraine&#8217;s neutrality from 1991 to 2014 did not cause issues for the U.S. and criticized the decision to involve Ukraine in NATO and support a coup in 2014.
See Also: <a href="https://www.benzinga.com/25/03/44212152/mark-carney-takes-justin-trudeaus-job-as-canadas-new-pm-ready-to-face-trumps-tariff-threats-i-know-how-to-manage-crises">Mark Carney Takes Justin Trudeau&#8217;s Job As Canada&#8217;s New PM, Ready to Face Trump&#8217;s Tariff Threats: &#8216;I Know How To Manage Crises&#8217;</a>
Why It Matters: Ackman&#8217;s comments come amid ongoing discussions about U.S. foreign policy and national security. Previously, Ackman has advocated for the U.S. to provide Ukraine with <a href="https://www.benzinga.com/news/23/09/34803646/bill-ackman-once-said-us-should-provide-ukraine-with-everything-they-need-to-fight-president-zelensk">comprehensive support</a> to combat Russian aggression. He has also expressed the need for decisive action from the U.S. government in response to the conflict.
In the past, Ackman has urged Biden to take a <a href="https://www.benzinga.com/news/22/02/25889752/bill-ackman-wants-biden-to-do-more-in-fight-against-russia-says-its-time-to-show-what-america-stands">stronger stance</a> against Russia, emphasizing the importance of demonstrating American values. Ackman <a href="https://www.benzinga.com/news/24/07/39763405/billionaire-investor-bill-ackman-announces-trump-endorsement-i-assure-you-that-i-have-made-this-deci">endorsed</a> President Donald Trump for the 2024 election further.
Ackman had <a href="https://www.benzinga.com/government/24/10/41495497/bill-ackman-dealmaker-donald-trump-is-key-to-avoiding-world-war-3">expressed fears of a World War 3</a> and said that the world had become a much more dangerous place under the Biden administration. He said, &#8220;I think Trump is going to end the war in Ukraine… Trump is a dealmaker, this is what he, in fact, does for a living.&#8221;
Trump <a href="https://www.benzinga.com/news/global/25/03/44101854/trump-reportedly-halts-ukraine-military-aid-pressures-zelenskyy-to-seek-peace-with-russia-amid-growing-rift">recently paused</a> U.S. military aid to Ukraine, pressuring President Volodymyr Zelenskyy to pursue peace talks with Russia, citing frustration over Ukraine&#8217;s stance on the war. Trump&#8217;s approval rating remained at 49%, with 44% of voters <a href="https://www.benzinga.com/news/global/25/03/44183107/trumps-approval-rating-48-voters-disapprove-of-handling-of-russia-ukraine-war-55-think-world-war-to-happen">disapproving of his handling of the Ukraine war</a>, as Americans remain divided on U.S. aid and the conflict&#8217;s outcome.
Image via Shutterstock
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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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Bill Ackman Clashes With David Sacks Over Ukraine Strategy, Asks If US Should Let Russia 'Take The Rest Of Eastern Europe'

Leading cryptocurrencies sold off Sunday evening as President Donald Trump declined to rule out the possibility of a recession.
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-7.19%</td>
<td>$80,182.57</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-9.24%</td>
<td>$2,004.60</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-13.00%</td>
<td>$0.1677</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin tumbled to $80,000 overnight, plunging over 7% in the last 24 hours. This was the steepest drop for the apex cryptocurrency since it <a href="https://in.benzinga.com/markets/cryptocurrency/25/02/44039431/bitcoin-plummets-below-80000-ethereum-xrp-dogecoin-get-hammered-as-crypto-crash-continues">fell below $80,000</a> ten days ago.&nbsp;
Bitcoin's decline sent ripples through the rest of the market, with leading assets like Ethereum and Dogecoin going blood red just before the start of a new trading week.
Over $615 million was liquidated from the cryptocurrency market in the last 24 hours, with $540 million in upside bets getting wiped out.
Bitcoin's Open Interest fell 2.62% in the last 24 hours, while Ethereum witnessed a 5.57% decline in money locked in its derivatives market.
That said, traders were buying the dip as the number of long positions for Bitcoin dramatically surged vis-à-vis shorts, according to the Long/Short Ratio.
The Crypto Fear and Greed Index moved back into the "Extreme Fear" zone, signaling a bearish sentiment.
Top Gainers (24-Hours)
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<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Story (IP)</td>
<td>+4.51%</td>
<td>$4.99</td>
</tr>
<tr>
<td>Tether Gold (XAUt)</td>
<td>+0.11%</td>
<td>$2,908.65</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.65 trillion, plunging 6.74% in the last 24 hours.
Stock futures plummeted on Sunday evening. The Dow Jones Industrial Average Futures fell 255 points, or 0.59%, as of 8:30 p.m. ET. Futures tied to the S&amp;P 500 sank 0.74%, while Nasdaq 100 Futures lost 0.96%.
<a href="https://www.benzinga.com/personal-finance/25/03/44211491/trumps-tariff-delay-gives-americas-favorite-truck-temporary-relief">Tariff developments</a> have weighed on the market, with the Dow Jones Industrial Average and S&amp;P 500 losing 2.49% and 2.85% last week.
In an interview with Fox News, Trump was asked if he expected a recession this year, to which he replied, "I hate to predict things like that. There is a period of transition because what we&#8217;re doing is very big. We&#8217;re bringing wealth back to America."
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<iframe loading="lazy" title="Trump says tariffs could go up in the future" width="500" height="281" src="https://www.youtube.com/embed/wQ0vjc8UzDw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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This week, investors will focus on key inflation data, with February's consumer price index scheduled for Wednesday followed by the producer price index on Thursday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Arthur Hayes, co-founder of cryptocurrency exchange BitMEX and Chief Investment Officer at Maelstrom Fund, noted the "ugly" start to the week.
&#8220;Looks like BTC will retest $78,000. If it fails, $75,000 is next in the crosshairs," Hayes predicted. "There are a lot of options OI [Open Interest] struck $70-$75,000, if we get into that range, it will be violent.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An ugly start to the week. Looks like <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> will retest $78k. If it fails, $75k is next in the crosshairs. There are a lot of options OI struck $70-$75k, if we get into that range it will be violent. <a href="https://t.co/q4cq0rthGJ">pic.twitter.com/q4cq0rthGJ</a>
&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1898867933679616103?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
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Widely followed cryptocurrency analyst and trader Daan Crypto Trades highlighted the formation of a new CME gap, suggesting a "choppy" and volatile trading environment.
"There&#8217;s now a new gap open up to ~$86,000. There&#8217;s also still the gap from way before open around ~$77,000, which didn&#8217;t close entirely last time around. So keep an eye out for those levels this week, " the analyst remarked.
CME gaps are the differences in price between the closing price on a given trading day and the opening price on the following trading day on a Bitcoin futures chart.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Another week, another gap created. The fact that we&#39;re making these massive gaps on a weekly basis now just shows how choppy and volatile the current environment has been. There&#39;s now a new gap open up to ~$86K. There&#39;s also still the gap from way before open around ~$77K… <a href="https://t.co/D0ohrpEY0c">pic.twitter.com/D0ohrpEY0c</a>
&mdash; Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1898897882377531636?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote>
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</figure>
Photo by SvetlanaParnikova on Shutterstock
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Mark Carney, a former central banker, is poised to become Canada&#8217;s new prime minister, with the task of steering the nation through the challenges posed by tariffs imposed by Donald Trump.
What Happened: The Liberals announced Carney as the successor to Justin Trudeau on Sunday, following a party voting contest, as reported by Reuters. Trudeau stepped down in January amidst dwindling approval ratings after nearly a decade in power.
Carney, 59, is a political outsider who has never held office, a factor that would typically hinder his candidacy in Canada. However, his distance from Trudeau and his high-profile banking career played in his favor. Carney believes he is the only candidate equipped to handle Trump&#8217;s tariffs.
&#8220;I know how to manage crises &#8230; in a situation like this, you need experience in terms of crisis management, you need negotiating skills,&#8221; said Carney.
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Why It Matters: Carney&#8217;s appointment also marks a significant shift in Canadian politics, as he is set to be the first person to become Canadian prime minister without prior legislative or cabinet experience. 
His diverse background, including a stint as a college-level ice hockey goalkeeper at Harvard and 13 years at Goldman Sachs, coupled with his handling of the financial crisis and his work on finance and climate change at the United Nations, may bring a fresh perspective to the role.
The announcement of Carney&#8217;s prime ministership comes amidst <a href="https://www.benzinga.com/25/01/42806662/justin-trudeau-set-to-resign-as-prime-minister-of-canada-report">escalating trade tensions between the U.S. and Canada</a>. Trump had threatened to impose reciprocal tariffs on Canadian lumber and dairy products, accusing Canada of "ripping us off for years" with a 250% tariff on U.S. dairy. 
In response, Trudeau <a href="https://www.benzinga.com/markets/25/03/44102599/canadian-pm-justin-trudeau-retaliates-with-25-tariffs-on-us-goods-amid-escalating-trade-war">announced a 25% tariff on C$155 billion ($109 billion) worth of U.S. goods</a>. This tit-for-tat tariff war has been a significant concern for both nations, and Carney&#8217;s banking experience and crisis management skills could prove crucial in navigating these challenges.
Photo Courtesy: bella1105 On Shutterstock.com
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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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Mark Carney Takes Justin Trudeau's Job As Canada's New PM, Ready to Face Trump's Tariff Threats: 'I Know How To Manage Crises'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has unveiled a host of new products within a short span of two weeks, straying from its traditional staggered launch strategy.
Bloomberg columnist Mark Gurman in his <a href="https://www.bloomberg.com/news/newsletters/2025-03-09/apple-ipad-air-mac-studio-macbook-air-thoughts-company-explores-smart-glasses?srnd=undefined&amp;sref=TBDibEcD">latest </a>weekly "Power On" has shared that Apple&#8217;s recent product launches include a new iPhone, low-end iPad, iPad Air, iPad keyboards, MacBook Air, Mac Studio, and the M3 Ultra chip. 
Such a wave of releases is not common for the tech giant, especially outside its usual fall product season.
The company&#8217;s strategy seems to be leveraging the robust momentum of the Mac and iPad, which saw over 15% sales growth during the holiday quarter. While the new models are minor updates, they initiate&nbsp;a new marketing cycle and&nbsp;may prompt some consumers to upgrade.
Amidst sluggish iPhone sales, Apple is pulling out all the stops to bolster&nbsp;its second-quarter results and meet&nbsp;guidance. The iPhone 16e&#8217;s $599 price tag is part of this strategy.
Additionally, Apple is reportedly investigating various glasses concepts and has incorporated a Vision Pro app and new AI capabilities into its latest iOS beta software. The tech behemoth is also developing a smart home hub, codenamed J490, equipped with an iPad-like screen and home-control features.
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However, Apple&#8217;s AI strategy has faced scrutiny as it recently postponed Siri features that were announced at the previous Worldwide Developers Conference. The company is anticipated to reveal plans for extending current capabilities to more apps at the forthcoming conference in June.
The deviation from Apple&#8217;s usual staggered launch strategy indicates a shift in the company&#8217;s approach to market penetration. 
By releasing a slew of products at once, Apple is aiming to capitalize on the strong sales momentum of the Mac and iPad. 
The move also appears to be a response to slow iPhone sales, with the company seeking to boost its second-quarter results.
Apple&#8217;s exploration of smart glasses and the development of a smart home hub signal the company&#8217;s continued push into new tech frontiers. 
However, the delay in Siri features and the scrutiny of its AI strategy highlight the challenges Apple faces in these areas.
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Mark Cuban, the billionaire entrepreneur and a regular on Shark Tank, once publicly challenged the legitimacy of President Donald Trump&#8217;s billionaire status.
What Happened: During a podcast in 2016, Cuban insinuated that Trump&#8217;s cash assets do not exceed $165 million, a sum significantly smaller than Cuban&#8217;s own wealth, estimated at $5.7 billion.
This is not the first instance of Cuban expressing criticism towards Trump. The relationship between the two, which was once amicable, has deteriorated over time. 
One of the most significant criticisms from Cuban was his public questioning of Trump&#8217;s billionaire status. Cuban referred to Trump&#8217;s&nbsp;Federal Election Commission (FEC) filings,&nbsp;arguing that the figures do not corroborate Trump&#8217;s claims of being a billionaire. 
&#8220;I know what I&#8217;m good at, and I know what I&#8217;m not good at. I&#8217;m not so sure Donald knows what he&#8217;s not good at,&#8221; Cuban <a href="https://wabcradio.com/bernieandsid/">said </a>during the interview.
Cuban also said that Trump was good at putting his name on big buildings and licensing his name on hotels, but it isn&#8217;t clear how much money that has made him. 
&#8220;He&#8217;s good at that. Whether or not that&#8217;s made him a billionaire, I don&#8217;t know,&#8221; Cuban said. &#8220;He&#8217;s not transparent enough for us to actually know.&#8221;
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He further examined Trump&#8217;s business undertakings, implying a lack of focus in them.
&#8220;So when you&#8217;re putting your name on steaks, and you&#8217;re putting your name on water, you&#8217;re putting your name on playing cards, you&#8217;re putting your name on all this nonsense, right? You&#8217;re not gonna make big bucks, no matter what. It&#8217;s not like Trump Steaks were gonna make him $100 million. It&#8217;s not like it was gonna make him $5 million,&#8221; Cuban added. 
During the interview at that time, Cuban said he has more money than Trump. &#8220;It&#8217;s not even close, I do,&#8221; Cuban said. 
&#8220;Before all the Trumpians jump on me on who has more money, the reason I know is when you file your federal election campaign reports, you have to list all your cash and liquid securities and bonds. You have to list them one by one. So we know without any question that as of May 27, Donald doesn&#8217;t have more than $165 million in cash and securities and bonds,&#8221; he said. 
&#8220;And trust me, I&#8217;ve got a lot of more than that in cash, securities, and bonds. And so you know, I&#8217;m willing to bet dimes against dollars that that&#8217;s pretty much what he&#8217;s got,&#8221; he continued. 
Why It Matters: The public questioning of Trump&#8217;s billionaire status by Cuban signifies a considerable intensification in their ongoing discord. This development is significant as it adds another layer to the ongoing feud between two high-profile personalities. 
Cuban&#8217;s questioning of Trump&#8217;s billionaire status not only challenges Trump&#8217;s financial credibility but also hints at deeper issues in Trump&#8217;s business ventures. 
This could potentially impact public perception of Trump&#8217;s business acumen and his overall reputation as a successful entrepreneur.
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Mark Cuban Once Questioned Whether Donald Trump Is Really a Billionaire

The Chevrolet Silverado, one of America&#8217;s best selling pickup trucks, received a month-long reprieve Thursday when President Donald Trump announced a delay on tariffs for Mexican imports <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">covered by the United States-Mexico-Canada Agreement trade agreement until April 2</a>. 
The decision temporarily shields the iconic vehicle from price hikes that threaten to disrupt its international supply chain and potentially drive its <a href="https://www.chevrolet.com/trucks/silverado/1500">$40,000 to $70,000 sticker price</a> even higher. 
Trump announced the delay following a conversation with Mexican President Claudia Sheinbaum. &#8220;I did this as an accommodation, and out of respect for, President Sheinbaum,&#8221; <a href="https://truthsocial.com/@realDonaldTrump/posts/114116432894994278">Trump wrote on Truth Social</a>, citing cooperation on border security and fentanyl trafficking.
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According to <a href="https://www.cnn.com/2025/03/06/economy/tariffs-delay-mexico-canada/index.html">CNN</a>, Commerce Secretary Howard Lutnick indicated that Canadian tariffs might also see a similar postponement, though no official announcement had been made by late Thursday. A senior Canadian government source told CNN that negotiations were ongoing without clarity on whether the tariffs would be lifted. 
The stakes remain high for the Silverado. Of the 673,000 units General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) produced last year, 31% were built at the company&#8217;s factory in Silao, Mexico, and 20% at its Oshawa, Canada plant, according to <a href="https://www.ft.com/content/fb55f297-7e29-4215-a67f-4217e1a026d6">the Financial Times</a>.
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Even Silverados manufactured at U.S. facilities in Michigan and Indiana rely on cross-border parts including power steering and door trim panels from Mexico, rear lighting from Canada, airbag modules from Germany and center displays from Japan, according to S&amp;P Global Mobility data cited by the FT. 
Data collected by Export Genius cited by the FT showed Mexican exports of Silverado components totaled nearly $30 billion last year, with braking systems alone accounting for $4.3 billion. 
GM has been preparing for potential tariffs since Trump&#8217;s election. According to the FT, CFO Paul Jacobson said at a <a href="https://www.cnbc.com/2025/02/11/ford-ceo-says-trumps-tariffs-are-causing-chaos-in-auto-industry.html">Wolfe Research investment conference</a> last month that the company had reduced inventory at non-U.S. plants by nearly a third &#8220;because the last thing you want is a bunch of finished inventory that&#8230; suddenly became 25% more expensive just with the passage of time.&#8221; 
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The temporary nature of the reprieve leaves automakers in a difficult position. Major manufacturing shifts would require billions in investment, yet companies remain hesitant to commit those resources amid ongoing uncertainty. 
The tariff delay represents a significant—if temporary—shift in the administration&#8217;s trade approach that had rattled markets, businesses and consumers, <a href="https://www.cnn.com/2025/03/06/economy/tariffs-delay-mexico-canada/index.html">according to CNN</a>. 
Since taking office, Trump has implemented a staggered approach to tariffs. The President initially announced 25% tariffs on Canada and Mexico would begin Feb. 1, before delaying them several times. The administration also imposed 10% tariffs on Chinese goods on Feb. 4. 
For now, the Silverado and other vehicles manufactured within the North American trade zone have breathing room. But with April 2 looming as the next tariff deadline, auto industry <a href="https://www.benzinga.com/markets/25/03/44135215/trumps-tariffs-could-wipe-out-profits-for-gm-ford-and-stellantis-barclays-warns-tariffs-of-this-magnitude-are-unlikely-to-stick">executives and supply chain managers face difficult decisions in the coming weeks</a>.
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Esteemed investor Peter Lynch shared his insights on the current state of the stock market and his strategies for selecting stocks.
What Happened: Lynch, in his discussion with Barron&#8217;s, emphasized the superiority of growth stocks, which are companies experiencing significant sales growth, over non-growth stocks. He warned investors not to mistake earnings growth, which can include turnarounds and cyclicals, for sales growth.
Despite the growing popularity of passive management, Lynch pointed out that active management continues to flourish at&nbsp;Fidelity, with many funds consistently outperforming their benchmarks.
Lynch underscored the importance of investing in companies that offer innovative products or services. He cited&nbsp;Stop &amp; Shop&nbsp;and&nbsp;Dunkin&#8217; Donuts&nbsp;as examples of successful local companies.
During <a href="https://www.barrons.com/articles/peter-lynch-how-to-find-growth-opportunities-in-todays-stock-market-51576877980">the </a>interview, when asked about what characterizes a great company, Lynch said, &#8220;My best stocks have been ones where I didn't have to worry about the big picture. A company with a better mousetrap, a growth company in a non-growth industry.&nbsp;
He expressed regret for not investing sooner in companies such as&nbsp;Walmart Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and&nbsp;Sherwin Williams Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>), attributing this to a lack of research and an underestimation of their growth potential.
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Lynch advised investors to invest in a stock during the early stages of its growth and to sell before it reaches its peak. He also raised concerns about the current scarcity of growth companies, flagging this as a potential warning sign.
&#8220;If you cannot find growth companies in innings three through five of the ballgame, look at turnarounds, special situations, back at the cyclicals. There's a real shortage now of growth companies. That is a red flag, because all the money is flowing into a few companies. There's an end to that game. It will scare me if this trend continues for a couple more years,&#8221; he added. 
Why It Matters: Lynch&#8217;s insights come at a time when the stock market is experiencing significant volatility. His emphasis on the importance of growth stocks and active management provides valuable guidance for investors navigating this uncertain landscape. 
His regret over missed investment opportunities serves as a reminder of the importance of thorough research and the potential benefits of investing in companies with strong growth potential. 
His warning about the scarcity of growth companies could signal a shift in market dynamics, making his insights particularly relevant for investors.
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Anthony Scaramucci, former White House communications director, has expressed concern that President Donald Trump&#8216;s tariff policies may push the <a href="https://www.benzinga.com/news/24/11/41866624/scaramucci-on-trump-win-i-got-it-wrong-im-not-going-to-whine-about-it">U.S. into a recession</a>.
What Happened: Scaramucci, who is also the founder of&nbsp;SkyBridge Capital, in&nbsp;an interview with Yahoo Business, criticized the tariff policies of President Trump. He described these policies as harmful and potentially capable of inducing a recession.
Scaramucci compared tariffs to a&nbsp;consumption tax, similar to a&nbsp;value-added tax (VAT), and stated that they disproportionately affect lower-income individuals. &#8220;So&nbsp;what ends up happening is&nbsp;the poor people, it eats&nbsp;up more of their disposable&nbsp;income than any other income&nbsp;group,&#8221; he commented.
While he suggested that&nbsp;some trade agreements should be&nbsp;restructured to protect American workers, Scaramucci disagreed with Trump&#8217;s sweeping tariff policies. &#8220;I&nbsp;don't think this sort of&nbsp;blanket approach is the right&nbsp;way to do it…And I&nbsp;think he's going to&nbsp;put us into a recession, frankly,&#8221; he added.
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<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">&quot;I think [President Trump&#39;s] just going to put us into a recession, frankly,&quot; Skybridge Capital founder <a href="https://twitter.com/Scaramucci?ref_src=twsrc%5Etfw">@Scaramucci</a> told <a href="https://twitter.com/BrianSozzi?ref_src=twsrc%5Etfw">@BrianSozzi</a>. <a href="https://t.co/kk5egaHsbK">pic.twitter.com/kk5egaHsbK</a>
&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1898207041988313554?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite the criticism, President Trump continues to stand by his tariff-driven economic policy. This is evident as the White House recently retracted tariffs on Canada and Mexico. Trump maintains&nbsp;that short-term economic turbulence is&nbsp;a necessary sacrifice for achieving long-term goals.
Why It Matters: The potential for a recession due to Trump&#8217;s tariff policies is a significant concern for the US economy. 
The tariffs, which are essentially a consumption tax, could disproportionately affect lower-income individuals, leading to economic instability. Furthermore, the disagreement over the approach to trade agreements highlights the ongoing debate about the best way to protect American workers and industries. 
The persistence of these issues could potentially lead to an economic downturn, as predicted by Scaramucci and Yang.
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Anthony Scaramucci Slams Donald Trump: 'He's Going To Put Us Into A Recession, Frankly'

The bond market is sounding the alarm bells for a potential U.S. economic slowdown, as President Donald Trump&#8216;s tumultuous tariff policies and federal workforce cuts threaten to further hinder growth.
What Happened: Investors have been pouring money into short-dated Treasuries, leading to a significant dip in the two-year yield since mid-February. 
This move is a response to the anticipation that the Federal Reserve may begin to slash interest rates as early as May to ward off further economic deterioration, <a href="https://www.bloomberg.com/news/articles/2025-03-09/the-bond-market-s-trump-trade-is-looking-like-a-recession-trade?srnd=homepage-americas&amp;sref=TBDibEcD">reports </a>Bloomberg. 
&#8220;Just a few weeks ago we were fielding questions about whether we think the US economy&#8217;s re-accelerating —- and now all of a sudden the R word is being brought up repeatedly,&#8221; Gennadiy Goldberg, head of US interest rate strategy at TD Securities told the outlet.
The swift shift from optimism about growth to despair starkly contrasts the resilience of the US economy in recent years. Investors initially thought that Trump&#8217;s presidency would amplify this trend, predicting faster growth and inflation, which drove yields higher late last year.
Also Read: <a href="https://www.benzinga.com/markets/25/02/43756824/market-instability-looms-in-trumps-second-term-warns-paul-tudor-jones-theres-no-room-for-mistakes">Market Instability Looms in Trump&#8217;s Second Term, Warns Paul Tudor Jones: &#8216;There&#8217;s No Room for Mistakes&#8217;</a>
However, since mid-February, Treasury yields have fallen as the new administration&#8217;s policies have sown considerable uncertainty over the economic outlook. 
A key factor has been Trump&#8217;s escalating trade war, which is predicted to trigger another inflation shock and disrupt global supply chains.
&#8220;Recession&nbsp;risk is definitely higher because&nbsp;of the sequence of Trump&#8217;s&nbsp;policies – tariffs first, tax&nbsp;cuts later,&#8221; said&nbsp;Tracy Chen,&nbsp;a portfolio manager at Brandywine&nbsp;Global Investment Management.
Why It Matters: The bond market&#8217;s reaction is a clear indication of the growing concerns about the US economy&#8217;s health. The shift in investor sentiment, from optimism to despair, underscores the uncertainty and potential risks associated with the current administration&#8217;s policies. 
The escalating trade war and the potential for another inflation shock could further destabilize global supply chains and hinder economic growth.
Moreover, the Federal Reserve&#8217;s potential move to reduce interest rates as early as May, a measure typically taken to prevent economic decline, further highlights the severity of the situation. 
The economic implications of these developments could be far-reaching, affecting not only the US but also the global economy.
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Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) has issued a warning to a select group of customers about a possible data breach. The breach could have potentially exposed sensitive data, including personal details <a href="https://www.benzinga.com/news/23/11/35738108/unexpected-account-shutdowns-at-major-banks-lead-to-frustration-accusations-of-discrimination">and Social Security numbers</a>.
What Happened: The Bank of America has alerted a small group of its customers about a data breach that may have exposed confidential information. The breach, which took place on December 30, was a result of improper handling of confidential documents by a third-party document destruction service provider.
While the exact number of affected accounts has not been disclosed, the bank confirmed&nbsp;that at least two customers&nbsp;in Massachusetts have been impacted. 
The bank <a href="https://www.mass.gov/doc/2025-302-bank-of-america/download">said</a> in a statement, &#8220;A document destruction vendor did not secure bank-related materials appropriately in transport. Some documents were found outside of the secure containers on the exterior of the financial center.&#8221;
The information that could have been exposed includes&nbsp;names, financial account details, addresses,&nbsp;phone numbers, email addresses, gender,&nbsp;dates of birth, social security&nbsp;numbers,&nbsp;and other unique government ID&nbsp;data.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/12/42716153/massive-data-breach-exposes-millions-of-credit-and-debit-cards-is-your-account-safe" target="_blank" rel="noreferrer noopener">Massive Data Breach Exposes Millions of Credit and Debit Cards—Is Your Account Safe?</a>
This incident comes on the heels of a similar breach in January where&nbsp;data of at least 414&nbsp;customers were put at risk due to another third-party breach. 
In light of the recent incident, Bank of America&nbsp;is offering the potentially impacted&nbsp;customers a&nbsp;complimentary membership to an identity-theft&nbsp;protection service for two years.
Why It Matters: This is not the first time Bank of America has faced a data breach issue. In January, a similar incident occurred, putting the data of hundreds of customers at risk. 
These recurring breaches highlight the vulnerabilities in the bank&#8217;s data security measures and the potential risks associated with third-party service providers. 
As a result, the bank is now offering identity-theft protection services to potentially affected customers, indicating its efforts to mitigate the impact of such breaches and restore customer trust.
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Own the DOGE, the group behind the original Doge meme's intellectual property, has unveiled a new meme coin named Cocoro (COCORO), launched on Base, the Ethereum layer-2 network developed by Coinbase.
What Happened: The coin's debut coincided with a blog <a href="https://kabochan.blog.jp/archives/53553858.html">post </a>from Atsuko Sato, the owner of the late Kabosu—the Shiba Inu that inspired Dogecoin—introducing her newly adopted 10-year-old rescue dog, Cocoro. The IP around Cocoro is being officially managed by Own the Doge.
COCORO's market cap quickly surged past $80 million after its launch on Saturday, before dropping to around $46 million with a token price near $0.046. Tokenomics show 75% of the supply was locked into liquidity pools, 20% distributed via airdrops to DOG and NEIRO holders, and the remaining 5% allocated to a DAO reserve.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43420393/analyst-forecasts-mammoth-200-surge-for-this-dogecoin-and-shiba-inu-competitor">Analyst Forecasts Mammoth 200% Surge for This Dogecoin and Shiba Inu Competitor</a>
The project's pseudonymous CEO, Smoke, <a href="https://decrypt.co/309199/next-dogecoin-cocoro-official-base-meme-coin">told </a>the Decrypt that the team chose Base for its scalability and affordability. "We are big fans of what Base is doing for the ecosystem," said Smoke. "They have made it fast and affordable to build on Ethereum at scale." He added that DOG, their previous token, has over 1 million holders on Base.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are delighted to welcome the latest member of Atsuko's family, Cocoro! With Atsuko's blessing, OTD is launching <a href="https://twitter.com/search?q=%24Cocoro&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Cocoro</a>. The launch is intended to defend against unofficial, extractive deployments, while being as fair as possible and benefitting Atsuko's existing supporters.… <a href="https://t.co/6jZZK5JgS3">pic.twitter.com/6jZZK5JgS3</a>
&mdash; Own The Doge &#x1f436;&#x1f5bc; (@ownthedoge) <a href="https://twitter.com/ownthedoge/status/1898337988087599412?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), launched in 2013 without Sato's approval, went on to become one of the most valuable meme coins. In contrast, Own the Doge (DOG) was built after securing the rights to the original Doge meme photo in 2021, giving it a formal IP foundation. 
Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) are notable platforms with meme coin exposure. Investors may also look to ETFs like ProShares Bitcoin Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>) or Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>) for broader crypto-related plays.
Why It Matters: Following Cocoro's launch, DOG jumped 25% in value, per CoinGecko data. Meanwhile, NEIRO—another meme token based on a dog adopted by Sato last year—dropped 14% after Cocoro's release. Though the NEIRO token won a DAO vote for official backing, a formal agreement has yet to be signed.
The Cocoro launch marks a shift in how meme coins tied to Sato's dogs are introduced, with a deliberate attempt to create official pathways and IP clarity around future projects.
Read Next
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New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder

The Trump Organization has launched a lawsuit against Capital One, alleging that the bank closed hundreds of President Donald Trump-linked accounts for politically motivated reasons.
What Happened: The Trump Organization claims that Capital One has closed numerous accounts related to the Trump family due to &#8220;woke&#8221; political motivations.
Eric Trump, the&nbsp;executive vice president of the&nbsp;Trump Organization, expressed his frustration over the situation, stating that transferring over 300 bank accounts was a challenging task. 
He clarified that these accounts were linked to various business ventures, including hotels, golf courses, residential&nbsp;and commercial buildings, retail outlets, skating rinks, and parking garages. He denied any political affiliation, emphasizing that the only common factor was the Trump name.
"I can't tell you how hard it is to change more than 300 bank accounts – and for no reason whatsoever. These were hotels and golf courses, residential buildings and commercial buildings, retail outlets and skating rinks and parking garages,&#8221; Eric Trump <a href="https://www.foxnews.com/politics/trump-organization-eric-trump-sue-capital-one-unjustifiable-2021-debanking-based-woke-beliefs">told</a> Fox News.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499633/exclusive-eric-trump-declares-bitcoin-the-future-details-tax-free-crypto-goals-for-trump-presidency">EXCLUSIVE: Eric Trump Declares Bitcoin The Future, Details Tax-Free Crypto Goals For Trump Presidency</a>
"There was no political affiliation. The only common denominator was that they wore the Trump name," he added. 
Capital One, on the other hand, has denied these allegations, asserting that it does not terminate customer accounts due to political reasons. According to the lawsuit filed&nbsp;in the Eleventh Judicial Circuit&nbsp;of Florida, the bank had notified the Trump Organization in March 2021 about the closure of&nbsp;hundreds of their bank accounts,&nbsp;which held millions of dollars.
The lawsuit suggests that Capital One is&nbsp;part of a growing trend&nbsp;among major financial institutions to&nbsp;de-bank clients with conflicting political&nbsp;views. The Trump Organization is seeking to highlight this issue, which it deems to be of significant public interest and importance.
Insiders have hinted to Fox News that other banks, including Chase, Bank of America, and TD Bank, have also cut ties with Trump and may face similar lawsuits in the near future.
Why It Matters: This lawsuit comes at a time when financial institutions are under scrutiny for their political affiliations and actions. 
The Trump Organization&#8217;s lawsuit against Capital One could potentially set a precedent for other businesses who feel they have been unfairly treated by banks due to their political affiliations. 
The outcome of this case could have far-reaching implications for the banking industry and its relationship with politically affiliated clients.
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Image: Shutterstock

Trump Organization Sues Capital One Over Alleged Political Bias in Account Closures, Eric Trump Leads Charge

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