Mingteng International Bolsa (NASDAQ: MTEN)

Últimas noticias sobre Mingteng International (NASDAQ:MTEN) Bolsa

Mingteng International

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential systems, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International Corporation Inc. - Ordinary Shares

Mingteng International Corp Inc

News

PTLE

Reported Earlier, PTL Limited Prices $7.14M Public Offering Of 23.8M Ordinary Shares At $0.30/Share

<ul>
<li>Located at Al Bateen Executive Airport, the new service facility will be an important hub for Bombardier business aircraft in the Middle East</li>
<li>The approximately 120,000 sq. ft. service facility will provide quick, easy and convenient maintenance, repair and overhaul (MRO) capabilities for all Bombardier business aircraft</li>
<li>Abu Dhabi is a dynamic financial hub for business and commerce in the UAE, and the new facility provides ease of use for Bombardier's growing customer base</li>
</ul>

BDRAF

BDRBF

Reported Earlier, Bombardier Expands Global MRO Network With New 120,000 Sq. Ft. Service Facility At Al Bateen Executive Airport, Abu Dhabi

Fintech firm Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) launched a new dashboard Wednesday to help companies effectively manage their Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings.
What Happened:&nbsp;The Jack Dorsey-founded company released an open-source toolkit to cater to the rapidly growing Bitcoin treasury management market. The tools, which include&nbsp;a corporate holdings dashboard&nbsp;and a BTC-to-USD real-time price quote API, will enable firms to monitor the dollar value of their stash in real time.
Block added that capabilities like time-stamped historical value lookup for quarter-end reporting are also being explored. The aim was to &#8220;lower the operational barriers&#8221; for firms looking to add Bitcoin to their books.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">track your bitcoin corporate treasury easily <a href="https://t.co/x3KqNbJ1oz">https://t.co/x3KqNbJ1oz</a>
&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1910115771881304318?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44664638/millionaire-crypto-trader-reacts-to-bitcoin-mega-crash-you-have-only-one-job-here-survive" target="_blank" rel="noreferrer noopener">Millionaire Crypto Trader Reacts To Bitcoin Mega-Crash: &#8216;You Have Only One Job Here: Survive&#8217;</a>z
Why It Matters: The offering comes as a response to the growing number of firms diversifying their treasuries with Bitcoin and the subsequent&nbsp;challenges in tracking and reporting&nbsp;the digital assets.
Publicly listed companies held about 22% of the total Bitcoin supply in treasuries, <a href="https://bitcointreasuries.net/">according </a>to BitcoinTreasuries.net. Michael Saylor&#8217;s Strategy was the largest corporate holder, with a stash worth over $43 billion as of this writing.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>BTC Holdings</td>
<td>USD Value (Recorded at 1:30 a.m ET)</td>
</tr>
<tr>
<td>Strategy</td>
<td>528,185</td>
<td>$43.39 billion</td>
</tr>
<tr>
<td>MARA Holdings</td>
<td>47,600</td>
<td>$3.91 billion</td>
</tr>
<tr>
<td>Riot Platforms</td>
<td>19,223</td>
<td>$1.58 billion</td>
</tr>
</tbody>
</table>
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Block held 8,485 BTCs on its balance sheet, worth $696 million. According to the company's disclosure, the apex cryptocurrency is held for &#8220;long-term investment purposes&#8221; and to facilitate sales and purchases via its &#8220;Cash App&#8221; digital wallet service.
Dorsey, the company&#8217;s co-founder and CEO, has been a vocal supporter of Bitcoin, making bullish predictions about its price. Last year, he predicted that the leading cryptocurrency&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38754464/jack-dorsey-predicts-bitcoin-price-to-hit-at-least-1m-by-2030-hits-that-number-and-goes-be" target="_blank" rel="noreferrer noopener">would hit at least $1 million by 2030</a>.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $81,958.55, up 7.46% 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>. 
Shares of Block rose 0.02% in after-hours trading after closing 14.1% higher at $55.99 during Wednesday&#8217;s regular session. 
The stock exhibited a very high growth score—a measure of the stock&#8217;s combined historical expansion in earnings and revenue across multiple periods. Visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock </a>Rankings to check out how its competitor, PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), fares on this metric.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="477" height="129" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10013540/Screenshot-2025-04-10-110515.png" alt="" class="wp-image-865097" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10013540/Screenshot-2025-04-10-110515.png 477w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10013540/Screenshot-2025-04-10-110515-300x81.png 300w" sizes="(max-width: 477px) 100vw, 477px" /></figure>
Photo by Frederic Legrand &#8211; COMEO on Shutterstock
Read Next: 
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44721390/bitcoin-ethereum-xrp-dogecoin-explode-higher-as-trump-hits-pause-on-reciprocal-tariffs" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Explode Higher As Trump Hits Pause On Reciprocal Tariffs</a></li>
</ul>

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

Cryptocurrency

Markets

$BTC

PYPL

Jack Dorsey's Block Is Making It Easy For Companies To Manage Their Bitcoin Treasury—Here's How

The Company expects to receive net proceeds from the Offering of approximately US$4.6 million, or approximately US$5.5 million if the Over-Allotment Option is exercised in full, after deducting underwriting discounts and the estimated offering expenses payable by the Company. The Company intends to use the net proceeds for: (i) solution development to expand and enhance its current solution offerings for JARVISS; (ii) obtaining class approval from major maritime organization for its range of digital applications; (iii) marketing and branding, including expanding commercial sales team with dedicated marketing staff, and investing in marketing and promotional activities to further expand its customer base and strengthen its brand; and (iv) working capital and general corporate purposes.

IPOs

IOTR

Reported Earlier, iOThree Limited Prices $6.6M Initial Public Offering Of 2.1M Ordinary Shares At $4 Each

<ul>
<li>New facility enhances supply chain security, reduces lead times and supports customers' growth</li>
<li>First in Asia equipped with advanced air knife coating technology</li>
<li>First in Asia to produce both top and bottom substrates for medical device packaging</li>
</ul>

AMCR

Reported Earlier, Amcor Completes Advanced Coating Facility In Malaysia, First In Asia To Produce Both Substrates For Medical Device Packaging

<ul>
<li>Mondelēz International, one of the world's largest snacking companies, is investing in its manufacturing facility in Bern (Switzerland), the home and heart of Toblerone.</li>
<li>The significant investment in Bern will create the global center of excellence for Toblerone in Switzerland.</li>
<li>With the investment in Bern, the company underlines Toblerone's growth ambitions to win in the premium segment.</li>
</ul>

MDLZ

Mondelēz International Invests CHF 65M To Transform Bern Into Global Center Of Excellence For Toblerone

A director representing Harley-Davidson Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>) significant shareholder has resigned from the company&#8217;s board, leveling serious accusations against CEO Jochen Zeitz and other leaders amid ongoing financial challenges for the motorcycle manufacturer.
What Happened: Jared Dourdeville of New York investment firm H Partners, which holds 9.1% of Harley&#8217;s stock according to a 13D form filed with the U.S. Securities and Exchange Commission, submitted his resignation in a <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0000793952/c1fc334a-2ec3-4dba-bc96-394c6851eda1.pdf">letter</a> dated Saturday. 
Before resigning, Dourdeville had called for the immediate resignation of Zeitz, who serves as both CEO and chairman, along with directors Sara Levinson and Tom Linebarger.
Dourdeville accused company leadership of decisions that damaged the iconic brand, citing &#8220;cultural depletion&#8221; from extensive white-collar work-from-home policies and the departure of many senior leaders. 
The company announced Tuesday that Zeitz plans to retire as CEO but will remain in the position until a successor is chosen.
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">US Futures Edge Higher, Nikkei Surges 8% As Trump&#8217;s 90-Day Tariff Pause Triggers Historic Rally, Analyst Warns &#8216;We&#8217;re Not Out Of The Woods Yet&#8217;</a>
Why It Matters: This leadership dispute comes amid challenging financial performance. In February, Harley reported a 34.7% revenue decline to $687.61 million in the fourth quarter of 2024, with global retail motorcycle sales falling 15%. CEO Zeitz cited &#8220;continued cyclical headwinds&#8221; and high interest rates <a href="https://www.benzinga.com/25/02/43502533/harley-davidson-q4-earnings-struggles-with-sales-drop-but-new-touring-models-boost-market-share">affecting consumer confidence</a>.
Harley&#8217;s newly launched touring models have also boosted its U.S. market share to 74.5% in the touring segment for fiscal 2024.
Harley-Davidson has a <a href="https://www.benzinga.com/quote/HOG/analyst-ratings">consensus price target</a> of $35.18 from 11 analysts, with a high of $45 and a low of $26. The latest ratings from DA Davidson, Baird, and Citigroup average a $28.33 target, implying a 19.25% upside.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10010550/Screenshot-2025-04-10-at-10.35.01%E2%80%AFAM.png" alt="" class="wp-image-865069" style="width:708px;height:auto" /></a></figure>
Harley-Davidson&#8217;s stock rose 13.74%, trading at $23.68 on Wednesday, after President Donald Trump announced a pause on wide-ranging tariffs. 
Harley-Davidson stock may lag on momentum, but it outperforms key rivals Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) and its former electric division LiveWire Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NYSE">LVWR</a>), according to Benzinga Edge Stock Ranking. HOG also maintains a stronger valuation score. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44726856/obama-era-economist-jason-furman-says-trump-tariffs-now-higher-more-inflationary-than-announced-warns-theyre-at-century-high-levels" target="_blank" rel="noreferrer noopener">Obama-Era Economist Jason Furman Says Trump Tariffs ‘Now Higher &amp; More Inflationary' Than Announced: Raising China Levies Outweighs 90-Day Delay On Others</a></li>
</ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Tech

LVWR

Harley-Davidson Boardroom Turmoil: Director Resigns, Demands CEO Jochen Zeitz Step Down Over 'Cultural Depletion' And Brand Decline

Nvidia Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock has dropped 17.34% year-to-date, but the company has now reportedly seen a reversal of <a href="https://in.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">planned export restrictions</a> on its H20 artificial intelligence chips.
What Happened: The Donald Trump administration had been considering a ban on the export of Nvidia's H20 AI chips to China, which would have been the most advanced AI processors legally available to Chinese companies.
These restrictions had been in the works for months and were expected to be implemented soon. However, after Nvidia CEO Jensen Huang met with Trump at his Mar-a-Lago estate last week, the administration has reversed course, <a href="https://www.npr.org/2025/04/09/nx-s1-5356480/nvidia-china-ai-h20-chips-trump">reported</a> NPR, citing two sources with knowledge of the plan.
See Also: <a href="https://www.benzinga.com/tech/25/04/44726879/vietnam-a-hub-for-us-tech-giants-like-apple-and-nvidia-wants-to-talk-trade-after-trump-pauses-46-tariff">Vietnam, A Hub For US Tech Giants Like Apple And Nvidia, Wants To Talk Trade After Trump Pauses 46% Tariff</a>
Nvidia also committed to increasing its U.S. investments in AI data centers, the report said.
Why It Matters: Previously, it was reported that Chinese tech giants Tencent Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>), Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and ByteDance have <a href="https://in.benzinga.com/25/02/43931074/chinese-tech-giants-like-tencent-alibaba-and-bytedance-rush-to-buy-nvidias-h20-ai-chips-as-deepseeks-low-cost-models-fuel-massive-demand-surge">ramped up their orders</a> for Nvidia&#8217;s H20 AI chips, fueled by soaring demand for computing power driven by the rise of DeepSeek&#8217;s affordable AI models.
These companies have reportedly ordered more than $16 billion worth of Nvidia&#8217;s H20 server chips during the first quarter of 2025.
Last month, it was reported that Nvidia faced challenges due to chip shortages and sanctions disrupting supply. Chinese server maker H3C warned of a <a href="https://in.benzinga.com/25/03/44519562/nvidia-faces-fresh-china-setback-as-chip-shortages-and-sanctions-disrupt-supply">potential Nvidia H20 chip crisis</a>, with inventories nearly depleted.
Chinese companies are actively seeking ways to lessen their dependence on Nvidia. In March, Qingcheng.AI unveiled "Chitu," a framework optimized for domestically produced chips.
Huawei Technologies has also made notable strides in developing its own AI chips, with <a href="https://in.benzinga.com/media/25/03/44488569/chinas-huawei-reportedly-doubles-ai-chip-yields-to-40-now-nvidia-ceo-jensen-huang-warns-that-the-chinese-tech-giant-is-the-most-formidable-competitor-despite-us-sanctions">Huang recognizing the company</a> as a serious competitor.
Still, China continues to play a vital role in Nvidia&#8217;s business. In 2024, the company earned $12 billion from the Chinese market—doubling Huawei's sales of its Ascend 910B AI chips.
Price Action: Nvidia shares jumped 18.72% on Wednesday but dipped 1.53% in after-hours trading, reaching $112.59 at the time of writing, per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga Edge Stock Rankings, Nvidia (NVDA) holds a strong growth rating of 94.83%. You can view the full comparison with other <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">companies by clicking here</a>.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44703618/microsoft-fires-employee-protestors-who-disrupted-50th-anniversary-event-you-have-shown-no-remorse-f" target="_blank" rel="noreferrer noopener">Microsoft Fires Employee Protestors Who Disrupted 50th Anniversary Event: ‘You Have Shown No Remorse For The Effect That Your Actions Have'</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.

Government

Media

BABA

NVDA

TCEHY

Jensen Huang Turned The Tide With Mar-A-Lago Dinner? Trump Administration Reportedly Backs Down On H20 Chip China Export Restrictions

Macro Economic Events

Econ #s

Economics

Reported Earlier, China Producer Price Index (YoY) For March -2.5% Vs. -2.3% Est.; -2.2% Prior

Reported Earlier, China Consumer Price Index (YoY) For March -0.1% Vs. 0.0% Est.; -0.7% Prior

Reported Earlier, China Consumer Price Index (MoM) For March -0.4% Vs. -0.2% Est.; -0.2% Prior

China&#8217;s government issued dual warnings to citizens regarding U.S. travel on Wednesday, citing deteriorating bilateral relations as both <a href="https://in.benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war">nations exchange hefty tariffs on imports</a>. 
What Happened: The warnings came shortly after Beijing announced plans to raise reciprocal tariffs on American goods to 84% from 34%, responding to President Donald Trump&#8216;s recent tariff hikes on Chinese products.
&#8220;Due to the deterioration of Sino-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the risks,&#8221; China&#8217;s tourism ministry stated in an <a href="https://www.mct.gov.cn/whzx/whyw/202504/t20250409_959294.htm">official</a> warning.
The escalating trade conflict intensified earlier this week when Trump implemented sweeping tariffs exceeding 100% on Chinese imports, which initially sent U.S. stock futures plunging. 
See Also: <a href="https://www.benzinga.com/tech/25/04/44726879/vietnam-a-hub-for-us-tech-giants-like-apple-and-nvidia-wants-to-talk-trade-after-trump-pauses-46-tariff">Vietnam, A Hub For US Tech Giants Like Apple And Nvidia, Wants To Talk Trade After Trump Pauses 46% Tariff</a>
Why It Matters: Markets staged a historic recovery following Trump&#8217;s surprise 90-day reprieve on reciprocal tariffs for non-retaliating countries, with the S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) surging 9.52% and the Nasdaq 100 tracked by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rocketing 12.2% &#8211; their <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44720903/nasdaq-100-eyes-strongest-day-since-2008-as-magnificent-seven-add-15-trillion-in-historic-market-rally">strongest one-day gains since October 2008</a>.
Gene Munster, managing partner at Deepwater Asset Management, <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly" target="_blank" rel="noopener">cautioned investors that</a> &#8220;we&#8217;re not out of the woods yet,&#8221; noting that Trump&#8217;s effort to &#8220;right-size China&#8230; will take time and involve some negative headlines.&#8221;
China&#8217;s retaliatory measures extend beyond tariffs, with Beijing filing a complaint with the World Trade Organization, adding six American companies to its unreliable-entity list, and imposing export controls on 12 U.S. firms that prohibit Chinese <a href="https://in.benzinga.com/25/04/44708618/china-retaliates-with-massive-84-tariff-hike-on-us-goods-amid-escalating-trade-war">suppliers from providing dual-use items</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44726856/obama-era-economist-jason-furman-says-trump-tariffs-now-higher-more-inflationary-than-announced-warns-theyre-at-century-high-levels">Obama-Era Economist Jason Furman Says Trump Tariffs &#8216;Now Higher &amp; More Inflationary&#8217; Than Announced: Raising China Levies Outweighs 90-Day Delay On Others</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.

Global

China Warns Citizens Over US Travel After Trump's Tariff Hike Triggers Retaliation, Cites 'Deteriorating' Relations And Rising Security Risks

President Donald Trump's surprise 90-day pause on his aggressive tariff plan, announced Wednesday via social media, sparked immediate reactions from major business and economic figures. Here&#8217;s what they said.
<h3 class="wp-block-heading">Bill Ackman</h3>
Billionaire hedge fund manager Bill Ackman, in a <a href="https://x.com/BillAckman/status/1910031061817647206">post</a> on X, wrote, "This was brilliantly executed by Donald Trump.&#8221; He had previously advocated for a pause "to enable negotiations to be completed without a major global economic disruption that will harm the most vulnerable companies and citizens of our country." 
Ackman <a href="https://x.com/BillAckman/status/1910037445384470611">added</a>, "The benefit of @realDonaldTrump's approach is that we now understand who are our preferred trading partners, and who the problems are," noting "China has shown themselves to be a bad actor." In a direct call to Beijing, he said, "Advice for China: Pick up the phone and call the President. He is a tough but fair negotiator." Ackman also observed, "The countries that showed up first and offered zero tariffs will now be rewarded with more business."
<h3 class="wp-block-heading">Ray Dalio</h3>
Bridgewater Associates founder Ray Dalio <a href="https://x.com/RayDalio/status/1910166431053815819">stated</a> on X, "This is a great time for all involved to reconsider their approaches! … President Trump's decision to step back from a worse way and negotiate how to deal with these imbalances is a much better way." He added, "I hope and expect that he will do the same with the Chinese, which I believe includes negotiating a deal that appreciates the RMB against the dollar."
See also: <a href="https://www.benzinga.com/markets/equities/25/04/44726856/obama-era-economist-jason-furman-says-trump-tariffs-now-higher-more-inflationary-than-announced-warns-theyre-at-century-high-levels">Obama-Era Economist Jason Furman Says Trump Tariffs &#8216;Now Higher &amp; More Inflationary&#8217; Than Announced: Raising China Levies Outweighs 90-Day Delay On Others</a>
<h3 class="wp-block-heading">Mark Cuban</h3>
On Bluesky, Mark Cuban re-posted economist Paulo dos Santos's <a href="https://bsky.app/profile/plbds.bsky.social/post/3lmf65km4ks2m">statement</a> calling Trump's tariffs "the Ivermectin of economic strategy." Before the pause was announced, Cuban <a href="https://bsky.app/profile/mcuban.bsky.social/post/3lmf7rp3ym22n">wrote</a>, "What some people aren't factoring into their analysis is the reality that companies were buying tons of inventory to beat the tariffs."
<h3 class="wp-block-heading">David Sacks</h3>
PayPal and Yammer cofounder David Sacks <a href="https://x.com/DavidSacks/status/1910035952283857213">declared</a>, "They did everything they could to create a panic … They were rooting for Trump to fail even if it meant the market and economy crashed." He continued, "Fortunately their hopes have been dashed. Trump has been vindicated."
<h3 class="wp-block-heading">Richard Branson</h3>
Virgin Group co-founder Richard Branson <a href="https://x.com/richardbranson/status/1910055447324766461">posted</a>, "As I wrote earlier this week, this was a moment for the US administration to accept their mistake and change course." Earlier, he had stated, "Even if you agree with the premise of these tariffs, every reasonable effort should be made to give US companies sufficient time to adapt."
<h3 class="wp-block-heading">Diane Swonk</h3>
KPMG chief economist Diane Swonk <a href="https://x.com/DianeSwonk/status/1910039401511674154">cautioned</a>, "We have not escaped the tariff problems. The effective tariff rate is actually HIGHER with the pause than it was as announced on April 2." She <a href="https://x.com/DianeSwonk/status/1910047401643069676">added</a>, "The tariff pause is a moving target … takes the effective tariff rate to a RECORD."
<h3 class="wp-block-heading">Chris Fralic</h3>
Finally, First Round Capital partner Chris Fralic <a href="https://x.com/chrisfralic/status/1910024126573732166">posted</a>, "Good to be liberated from Liberation Day." He followed up <a href="https://x.com/chrisfralic/status/1910025255080583456">with</a>, "If your portfolio drops by X% and then rises by X%, you'll still be below your starting point."
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44726952/trump-media-surges-after-hours-following-a-21-rally-makes-potus-richer-by-410-millionofficial-trump-memecoin-also-gains">Trump Media Surges After Hours Following A 21% Rally, Makes POTUS Richer By $410 Million—Official Trump Memecoin Also Gains</a>

Events

Mark Cuban, Ray Dalio, Bill Ackman And Other Notables Share Their Take On Trump Tariff Pause: 'We Have Not Escaped…'

A wave of green swept across the meme coin market on Wednesday as President Donald Trump's 90-day reciprocal tariff pause sent top tokens in the sector soaring.
What happened: Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based Fartcoin spearheaded the rally, pumping over 40% in the last 24 hours. The token, with over $700 million in market capitalization, was also the biggest gainer in the entire cryptocurrency market.
With the latest increase, FARTCOIN&#8217;s monthly gains have increased to 221%, well above heavyweights of the space.
Dog-themed coins have also surged, with Bonk and dogwifhat up more than 13% in the last 24 hours.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:15 p.m. ET)</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>+40.37%</td>
<td>$0.7122</td>
</tr>
<tr>
<td>Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)</td>
<td>+13.98%</td>
<td>$0.00001073</td>
</tr>
<tr>
<td>Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+13.39%</td>
<td>$0.3627</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+11.39%</td>
<td>$0.000006666</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44677895/another-crypto-firm-set-to-go-public-galaxy-digital-foresees-nasdaq-listing-soon-after-sec-approves-delaware-move">Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move</a>
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based Pepe joined in the rally, logging double-digit gains of over 11%. Blue-chip meme coins Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) lifted over 10%.
Dogecoin&#8217;s sentiment was also <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44708344/21shares-launches-dogecoin-fund-backed-by-dogecoin-foundation">bolstered by the launch</a> of an exchange-traded product tied to the memecoin. The ETP, launched by 21Shares, was listed on Swiss exchanges.
The total meme coin market capitalization jumped nearly 11% to $43.64 billion, with around $3.70 billion added in the last 24 hours. The total trading volume zoomed over $7 billion.
The recovery followed President Donald Trump&#8217;s surprise announcement of a <a href="https://in.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty" target="_blank" rel="noreferrer noopener">90-day pause on tariffs for countries</a> that have not retaliated against U.S. trade measures, bringing some relief to the battered cryptocurrency market
Photo by CMP_NZ on Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44677671/does-the-us-government-know-who-is-satoshi-nakamoto-crypto-lawyer-sues-department-of-homeland-security-to-unravel-bitcoin-creators-identity">Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin</a></li>
</ul>

Movers

Trading Ideas

$BONK

$DOGE

$ETH

$PEPE

$SHIB

$SOL

$WIF

Dogecoin, Shiba Inu Power 10% After Trump Pauses Tariffs But This  Meme Coin Is The Real Winner Today

CNBC host Jim Cramer cheered President Donald Trump&#8217;s <a href="https://www.benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan">latest comments</a> on the long-pending acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by Nippon Steel Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>)
Cramer took to X, stating that it was a &#8216;Smart move blocking Nippon Dumper Steel deal,&#8217; referring to the President&#8217;s statement that signaled his reluctance to give a go-ahead to the $15 billion deal.
<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">Smart move blocking Nippon Dumper Steel deal
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1910086508675281135?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
What Happened: During a press meeting at the Oval Office on Wednesday night, Trump emphasized the importance of United States Steel for American industry, referring to it as &#8220;a very special company,&#8221; before adding &#8220;we don&#8217;t want it to go to Japan or any other place,&#8221; casting fresh uncertainty on the future of this deal.
This comes just days after Trump <a href="https://www.benzinga.com/markets/commodities/25/04/44679320/us-steel-gains-16-as-trump-orders-review-of-nippon-steels-blocked-acquisition-amid-national-security-concerns">ordered another review</a> of the blocked acquisition when the Committee On Foreign Investment In The United States was given 45 days to submit its recommendations.
See More: <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">US Futures Edge Higher, Nikkei Surges 8% As Trump&#8217;s 90-Day Tariff Pause Triggers Historic Rally, Analyst Warns &#8216;We&#8217;re Not Out Of The Woods Yet&#8217;</a>
Why It Matters: The deal was blocked by the Biden Administration in January, citing national security issues, but Cramer&#8217;s opposition to it largely centers on the adverse impact it has on other U.S. steel companies, particularly the likes of Nucor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), the largest steel-maker in the U.S, <a href="https://finance.yahoo.com/news/jim-cramer-nucor-nue-sell-142005180.html">reported</a> Yahoo Finance via Insider Monkey
In his Wednesday X post, Cramer refers to the Japanese giant &#8220;Nippon Dumper Steel&#8221; calling out its serial steel dumping activities in the United States. Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-18/commerce-slaps-tariffs-on-nippon-steel-amid-anti-import-promise">reported</a> that the U.S. Department of Commerce imposed tariffs on the Japanese steel giant last year.
Price Action: Shares of US Steel plunged nearly 11% to $40.19 in after-hours trading, following a 2.5% gain to $45.14 during the regular session. Meanwhile, Nippon Steel has been rallying since Thursday morning in Tokyo, climbing over 5% at the time of writing.
According to Benzinga Edge, United States Steel stock is attractive in the short, medium, and long terms, with strong momentum and value scores. However, how does it compare with competitors Nucor and Steel Dynamics? Check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for deeper insights.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="140" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09220700/Screenshot-2025-04-10-at-7.36.38-AM-1024x140.png" alt="" class="wp-image-864986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09220700/Screenshot-2025-04-10-at-7.36.38-AM-1024x140.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09220700/Screenshot-2025-04-10-at-7.36.38-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09220700/Screenshot-2025-04-10-at-7.36.38-AM-768x105.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09220700/Screenshot-2025-04-10-at-7.36.38-AM-1536x210.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09220700/Screenshot-2025-04-10-at-7.36.38-AM.png 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Image via Shutterstock
Read More: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/04/44661713/a-beautiful-word-why-trump-insists-on-tariffs-as-essential-in-his-bid-to-save-american-manufacturing">&#8216;A Beautiful Word&#8217;: Why Trump Insists On Tariffs As Essential In His Bid To Save American Manufacturing</a></li>
</ul>

NISTF

NPSCY

STLD

Cramer Praises Trump For Pushback On Nippon 'Dumper' Steel, Calls The Block A 'Smart Move'

Entities tied to President Donald Trump surged on Wednesday, boosting his personal fortune, after he announced a surprise 90-day pause on reciprocal tariffs.
What happened: Trump Media and Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares were up 5.23% in after-hours trading after closing 21.7% higher at $20.27 during Wednesday's regular trading session.
Similarly, the Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) meme coin traded at $8.08, up 7.51% in the last 24 hours.&nbsp; Entities affiliated with&nbsp;The Trump Organization&nbsp;<a href="https://www.benzinga.com/25/01/43082005/market-to-seek-further-information-on-utilization-of-80-trump-token-supply-says-bernstein">control 80% of the coin's supply</a>.
Trump Media, the parent company of social media platform Truth Social, was <a href="https://www.benzinga.com/25/04/44608924/trump-media-technology-stock-drops-on-share-registration-will-president-trump-sell-his-stake">co-founded by Trump</a>, who maintains a 52.9% stake in the company, according to the 13D filing reported on Dec. 30, 2024.
The stake translated to a total of 114,750,000 shares held by Trump, equating to a market value of $2.32 billion as per Wednesday's closing price. This meant that Trump personally gained $410 million in today's rally.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Asset</td>
<td>Value of Trump's Stake At Wednesday's Close</td>
<td>Value of Trump's Stake At Tuesday's Close</td>
<td>Intraday Gains&nbsp;</td>
</tr>
<tr>
<td>Trump Media</td>
<td>$2.32 billion</td>
<td>$1.91 billion</td>
<td>$410 million</td>
</tr>
</tbody>
</table>
</figure>
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44677895/another-crypto-firm-set-to-go-public-galaxy-digital-foresees-nasdaq-listing-soon-after-sec-approves-delaware-move">Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move</a>
Why It Matters: Notably, Trump transferred his entire <a href="https://www.benzinga.com/markets/equities/24/12/42609228/trump-transfers-entire-djt-stake-to-revocable-trust-ahead-of-inauguration">Trump Media stake</a> to a trust controlled by his eldest son, Donald Trump Jr., before his swearing-in.
Earlier this month, <a href="https://in.benzinga.com/25/04/44608924/trump-media-technology-stock-drops-on-share-registration-will-president-trump-sell-his-stake">a filing from the company registered</a> billions of dollars worth of shares for sale as a primary offering and a secondary offering. Interestingly, Trump promised not to sell his stake in the company during a campaign speech.
It's worth pointing out that Trump <a href="https://in.benzinga.com/trading-ideas/movers/25/04/44724530/trump-media-stock-soars-hours-after-president-says-its-a-great-time-to-buy-what-you-need-to-know">promoted DJT in a Truth Social post</a> Wednesday morning, shortly after the market opened, saying, "This is a great time to buy." The 90-day tariff announcement came three hours after his post.
The DJT stock fared low on the value score— a metric that evaluates an asset's relative worth by comparing its market price to fundamental measures—as of this writing. To access high-value stocks amid the ongoing rebound, access <a href="https://www.google.com/url?q=https://www.benzinga.com/premium/ideas/benzinga-edge-2%23:~:text%3DTurn%2520Market%2520Chaos,when%2520markets%2520rebound&amp;sa=D&amp;source=docs&amp;ust=1744256271670851&amp;usg=AOvVaw206KwEa8UKTx2GObOrXPIE">Benzinga&#8217;s proprietary Edge Rankings score</a>.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44677671/does-the-us-government-know-who-is-satoshi-nakamoto-crypto-lawyer-sues-department-of-homeland-security-to-unravel-bitcoin-creators-identity">Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin</a></li>
</ul>

Politics

$TRUMP

Trump Media Surges After Hours Following A 21% Rally, Makes POTUS Richer By $410 Million—Official Trump Memecoin Also Gains

The U.S. and Vietnam have launched trade negotiations after President Donald Trump paused the implementation of a <a href="https://in.benzinga.com/personal-finance/25/02/43858129/as-trump-pushes-for-reciprocal-tariffs-vietnam-looks-to-increase-us-farm-product-imports-to-ease-trade-risks">46% tariff on Vietnam&#8217;s exports</a>, a move that could bolster the country&#8217;s growing tech manufacturing sector.
What Happened: On Thursday, the Vietnamese government announced that it would begin trade talks with the U.S., following the temporary halt of a hefty tariff on Vietnamese goods, reported Reuters.
The 90-day pause, which came after discussions between U.S. Trade Representative Jamieson Greer and Vietnam&#8217;s Deputy Prime Minister Ho Duc Phoc, signals a potential shift in the two nations&#8217; economic relations.
See Also: <a href="https://www.benzinga.com/news/25/04/44703618/microsoft-fires-employee-protestors-who-disrupted-50th-anniversary-event-you-have-shown-no-remorse-f">Microsoft Fires Employee Protestors Who Disrupted 50th Anniversary Event: &#8216;You Have Shown No Remorse For The Effect That Your Actions Have&#8217;</a>
Why It Matters: Vietnam had a $123 billion <a href="https://www.benzinga.com/news/global/25/04/44650903/trump-reveals-vietnam-trade-talks-as-nike-stock-rallies-on-surprise-turnaround">trade surplus</a> with the U.S. last year, meaning Vietnam exported way more to the U.S. than it imported. 
The Southeast Asian nation serves as a vital manufacturing base for major U.S. companies such as Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
These tech giants have been expanding their operations in Vietnam, driven by cost-efficiency, access to skilled labor, and the need to mitigate the risk of higher tariffs on Chinese-made goods.
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.
Apple, for instance, has been leveraging Vietnam as a key production site for products like MacBooks and AirPods, <a href="https://www.benzinga.com/markets/asia/24/11/41705954/apple-supplier-foxconn-plans-80m-vietnam-chip-plant">with suppliers like</a> Foxconn and Luxshare establishing factories in the country. Apple shares are down 18.45% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Nvidia has also chosen Vietnam as the location for its <a href="https://www.benzinga.com/government/regulations/24/12/42347647/nvidia-partners-with-vietnam-government-to-develop-advanced-ai-and-more">third global AI research hub</a>, while Google has reportedly shifted its <a href="https://www.benzinga.com/news/24/02/37253133/google-follows-apples-lead-set-to-begin-making-smartphones-in-this-asian-country">Pixel production to avoid</a> potential tariffs on Chinese imports.
Intel is also producing semiconductor components in <a href="https://www.benzinga.com/news/23/02/30851197/intel-explores-ramping-chip-investment-in-vietnam-report">Vietnam as part of its broader</a> manufacturing strategy. The company stated last month that its Vietnam operations are central to the IDM 2.0 initiative, employing around 6,000 people in advanced tech roles.
Since launching its assembly and testing facility there, Intel has invested $1.5 billion and generated more than $90 billion in total export value from the site.
Last month, it was reported that Vietnamese Prime Minister Pham Minh Chinh pledged to expedite the licensing process for Elon Musk's companies, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Starlink, as part of a pilot initiative. Tesla is down 28.23% this year.
Image via Shutterstock
Read Next:
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<li><a href="https://in.benzinga.com/25/02/43589437/bill-gates-on-musk-and-bezos-space-obsession-im-not-a-big-mars-person-its-not-a-very-hospitable-place" target="_blank" rel="noreferrer noopener">Bill Gates Would Rather Save Earth Than Colonize Mars — Unlike Elon Musk, Jeff Bezos: ‘I&#8217;m Not a Big Mars Person… It&#8217;s Not a Very Hospitable Place&#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.

AAPL

GOOG

GOOGL

INTC

TSLA

Vietnam, A Hub For US Tech Giants Like Apple And Nvidia, Wants To Talk Trade After Trump Pauses 46% Tariff

Jason Furman, who served as Chairman of the Council of Economic Advisers under 44th President Barack Obama from 2013 to 2017, warned that U.S. tariffs have reached their highest levels in over a century and could prove more inflationary than initially anticipated, just as markets speculate about potential Federal Reserve interest rate decisions.
What Happened: &#8220;I don&#8217;t think people realize that in important respects tariffs are now higher &amp; more inflationary than what was announced last Wednesday,&#8221; Furman, now a Harvard professor, wrote on X. &#8220;Since then we&#8217;ve gone from 54% to 125% on China, our 3rd largest trading partner.&#8221;
Furman noted these increases &#8220;outweigh delaying the increases on 70+ others.&#8221;
The comments come amid market volatility following President Donald Trump&#8216;s implementation of sweeping tariffs, which briefly went into effect before he announced a 90-day reprieve for non-retaliating countries. 
The pause triggered <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">Wall Street&#8217;s strongest rally since 2008</a>, with the S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) surging 9.52% and Nasdaq-100 tracked by Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rocketing 12.2%.
While China now faces steeper 125% tariffs, the market remains concerned about inflation implications ahead of Thursday&#8217;s March Consumer Price Index report. Economists expect headline CPI to ease to 2.6% year-over-year, <a href="https://in.benzinga.com/economics/macro-economic-events/25/04/44716504/sink-or-swim-why-this-weeks-inflation-report-is-crucial-for-markets">down from February&#8217;s 2.8%</a>.
<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 don&#39;t think people realize that in important respects tariffs are now higher &amp; more inflationary than what was announced on last Wednesday. Since then we&#39;ve gone from 54% to 125% on China, our 3rd largest trading partner. That outweighs delaying the increases on 70+ others.
&mdash; Jason Furman (@jasonfurman) <a href="https://twitter.com/jasonfurman/status/1910103375300943948?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">US Futures Edge Higher, Nikkei Surges 8% As Trump&#8217;s 90-Day Tariff Pause Triggers Historic Rally, Analyst Warns &#8216;We&#8217;re Not Out Of The Woods Yet&#8217;</a>
Why It Matters: CME FedWatch Tool <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">shows</a> an 83.0% chance the Fed will hold rates at 4.25–4.50% at its May 7 meeting, and a 17.0% chance of a cut to 4.00–4.25%.
Fed Chair Jerome Powell has signaled caution, emphasizing the need for &#8220;greater clarity&#8221; before adjusting monetary policy. &#8220;The tariffs are bigger than almost all forecasters expected,&#8221; Powell noted, <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44650370/trump-powell-rate-cut-polymarket">warning they could raise inflation</a> with &#8220;more persistent effects possible.&#8221;
Trump has publicly urged rate cuts on his Truth Social platform, citing lower inflation and stronger employment, but Goldman Sachs economist Jessica Rindels expects &#8220;a boost to monthly inflation from the escalation in tariff policy.&#8221;
Veteran strategist Ed Yardeni warned that the Fed may remain reluctant to cut rates even if tariffs cause economic slowdown, potentially <a href="https://in.benzinga.com/economics/macro-economic-events/25/04/44716504/sink-or-swim-why-this-weeks-inflation-report-is-crucial-for-markets">keeping rates elevated longer than markets expect</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44720127/bitcoin-hits-82000-as-president-trump-announces-90-day-pause-on-reciprocal-tariffs-for-all-countries-but-china" target="_blank" rel="noreferrer noopener">Bitcoin Hits $82,000 As President Trump Announces 90-Day Pause On Reciprocal Tariffs For All Countries But China</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.

Federal Reserve

Obama-Era Economist Jason Furman Says Trump Tariffs 'Now Higher & More Inflationary' Than Announced: Raising China Levies Outweighs 90-Day Delay On Others

Wall Street experienced a <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">significant upswing</a> today, driven by a surprising announcement from President Donald Trump regarding a temporary pause on tariffs for certain countries. This development led to a broad risk-on rally, propelling major indices to multi-month highs. The Nasdaq 100 surged over 12% to 17,124.97, while the S&amp;P 500 climbed 9.5% to surpass 5,456 points. The Dow Jones Industrial Average rose 7.9% to 40,608.45.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Venus Concept Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>)
Venus Concept shares skyrocketed by 210.07%, closing at $8.93. The stock hit an intraday high of $14.50 and a low of $7.07, with a 52-week range of $17.49 to $2.16. The surge followed the company&#8217;s announcement of securing $23.24 million in <a href="https://www.benzinga.com/25/04/44706310/why-venus-concept-shares-are-trading-higher-by-over-200-here-are-20-stocks-moving-premarket">bridge financing</a> from Madryn Health Partners. In the after-hours trading the stock slipped by over 46%.
United States Steel Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>)
Shares of US Steel rose by 2.47%, closing at $45.14. The stock reached an intraday high of $46.18 and a low of $42.93, with a 52-week range of $46.18 to $26.92. In after-hours trading, the shares crashed nearly 11% to $40.19. The increase on Wednesday&#8217;s regular session came after Trump expressed his desire to <a href="https://www.benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan">keep the company</a> from being acquired by Nippon Steel, emphasizing its importance as a U.S. company.
Redwire Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>)
Redwire&#8217;s stock jumped 29.31%, closing at $9.97. It recorded an intraday high of $10.28 and a low of $7.82, with a 52-week range of $26.66 to $3.39. In the after-hours session, the shares rose 4.2%. The rally followed the company&#8217;s announcement of a <a href="https://www.benzinga.com/25/04/44721380/redwire-joins-ispace-us-in-pursuit-of-nasas-26b-lunar-economy-mission">memorandum of understanding</a> with Ispace Technologies-U.S., Inc. to pursue NASA&#8217;s $2.6 billion lunar economy mission.
Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple shares increased by 15.33%, closing at $198.85. The stock&#8217;s intraday high was $200.61, with a low of $171.89, and a 52-week range of $260.09 to $164.08. A BofA Securities analyst maintains a Buy rating on the stock, despite <a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44720209/apple-faces-up-to-90-cost-surge-on-iphones-if-us-tariffs-stick-analyst-looks-at-possible-shift-to-india-price-increase">potential cost surges</a> on iPhones due to tariffs.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock rose by 22.69%, closing at $272.20. The stock reached an intraday high of $274.69 and a low of $223.88, with a 52-week range of $488.54 to $138.80. CEO Elon Musk warned that those financing attacks against Tesla will <a href="https://www.benzinga.com/tech/25/04/44706944/elon-musk-warns-those-who-financed-tesla-attacks-will-go-to-prison">face legal consequences</a>.
Benzinga Edge Stock Rankings show Apple Momentum in the 51st percentile and Growth in the 45th percentile. Wondering which stock ranks higher? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Find out here</a>.<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="788" height="109" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09222023/Screenshot-2025-04-10-at-11.20.02.png" alt="" class="wp-image-864990" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09222023/Screenshot-2025-04-10-at-11.20.02.png 788w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09222023/Screenshot-2025-04-10-at-11.20.02-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/09222023/Screenshot-2025-04-10-at-11.20.02-768x106.png 768w" sizes="(max-width: 788px) 100vw, 788px" /></a></figure>
Image via Shutterstock
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
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<li><a href="https://benzinga.com/markets/25/04/44660007/mark-cuban-says-between-free-trade-elon-musk-and-full-tariff-trump-it-is-the-president-who-will-win-as-st" target="_blank" rel="noreferrer noopener">Mark Cuban Says Between &#8216;Free Trade&#8217; Elon Musk And &#8216;Full Tariff&#8217; Trump, It Is The President Who Will Win As Stocks Futures Tank</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/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

VERO

Venus Concept, US Steel, Redwire, Apple, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Leading coins maintained positive momentum Wednesday overnight after pro-cryptocurrency Paul Atkins was confirmed as SEC Chairman.
<figure class="wp-block-table"> 
<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>7.60%</td>
<td>$82,319.38</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>11.98%</td>
<td>$1,645.63</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>10.69%</td>
<td>$0.1579</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin soared beyond $82,000, while Ethereum topped $1,600, spurring gains in the broader market and erasing some losses from last week&#8217;s &#8216;Liberation Day&#8217; measures.
Over $370 million in short positions was wiped out from the market in the last 24 hours, including $194 million in Bitcoin alone.
The dramatic reversal followed President Donald Trump's surprise announcement of a <a href="https://in.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">90-day pause on tariffs for countries</a> that have not retaliated against U.S. trade measures.
Later in the day, the confirmation of Atkins as the new SEC chairman boosted sentiment. Atkins had previously stated that building a regulatory framework for digital assets <a href="https://in.benzinga.com/markets/25/03/44531654/trumps-sec-pick-paul-atkins-says-his-top-priority-will-be-rational-crypto-regulations-marking-shift-from-gary-genslers-approach">would be his top priority</a>.
<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&#39;m pleased Paul Atkins is confirmed as Chairman of the SEC. I sat down w/ Mr. Atkins to discuss digital asset legislation, empowering Wyoming's blockchain future &amp; implementing reforms to the regulatory rulemaking process. I&#39;m confident his leadership will bring positive change. <a href="https://t.co/1cpGrNjSrg">pic.twitter.com/1cpGrNjSrg</a>
&mdash; Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1910117597078512069?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Bitcoin&#8217;s Open Interest soared 9.65% in the last 24 hours, signaling a revival in speculative interest and an influx of new money into the derivatives market.
However, the majority of Binance traders flipped from bullish to bearish positioning for the apex cryptocurrency, according to the Long/Short ratio, implying expectations of a pullback.
The market sentiment improved from "Extreme Fear" to &#8220;Fear,&#8221; according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>45.41%</td>
<td>$0.7705</td>
</tr>
<tr>
<td>Flare (FLR)</td>
<td>29.40%</td>
<td>$0.01457</td>
</tr>
<tr>
<td>Sonic (S)</td>
<td>22.70%</td>
<td>$0.4868</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.62 trillion, following a jump of 7.81% in the last 24 hours.
Stocks made a historic comeback Wednesday following days of turmoil. The Dow Jones Industrial Average exploded 2,962.86 points, or 7.87%, to end at 40,608.45, marking its biggest gain since March 2020. The S&amp;P 500 skyrocketed 9.52% to 5,456.90, its best day since October 2008, while the tech-heavy Nasdaq Composite lifted 12.16%, ending at 15,267.91.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular on-chain analytics firm Santiment cautioned against the surge in optimism following the 90-day pause announcement.&nbsp;
The number of bullish comments for Bitcoin and Ethereum sharply exceeded bearish takes on social media.
"Crypto may rally for a bit as retail catches up with the news, but beware of the high level of FOMO and buying on &#8216;kick the can down the road&#8217; news on a topic that has remained unresolved," Santiment stated.
<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">&#x1f973; Trader sentiments have predictably flipped bullish with the US 90-day pause on tariffs. Crypto may rally for a bit as retail catches up with the news, but beware of the high level of FOMO and buying on &#39;kick the can down the road&#39; news on a topic that has remained unresolved. <a href="https://t.co/u7hhIfhpvA">pic.twitter.com/u7hhIfhpvA</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1910051636573323334?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely followed cryptocurrency analyst Ali Martinez noted Bitcoin's breakout from a range.&nbsp;
"If the $80,700 support holds, we could see an upswing to $84,000 or even $87,000," the analyst projected.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is breaking out of a channel! If the $80,700 support holds, we could see an upswing to $84,000 or even $87,000! <a href="https://t.co/HXSS8mGwaZ">pic.twitter.com/HXSS8mGwaZ</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1910032876977914272?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by SvetlanaParnikova on Shutterstock
Read Next:    
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44697841/raoul-pal-says-crypto-market-nowhere-near-covid-19-peak-fear">Raoul Pal Says Crypto Market Nowhere Near COVID-19 &#8216;Peak Fear&#8217;</a></li>
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