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NB Bancorp

NB Bancorp Inc operates as the holding company of Needham Bank. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in commercial real estate and multifamily loans, one- to four-family residential real estate loans, construction and land development loans, commercial and industrial loans, and consumer loans.

NB Bancorp Inc

A Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 737 MAX 8 landed at the company&#8217;s Zhoushan completion center near Shanghai on Monday, signaling the resumption of deliveries to Chinese airlines after a month-long pause triggered by rising trade tensions.
What Happened: Flight tracking data from Flightradar24 showed the Xiamen Airlines-liveried aircraft departed Seattle on Saturday, refueling in Hawaii and Guam before arriving in China, according to a Reuters report.
The aircraft had previously been ferried to Zhoushan in March but returned to the U.S. in April when Chinese carriers stopped accepting new Boeing jets.
Boeing CEO Kelly Ortberg confirmed in a CNBC interview that several Boeing 737 MAX jets awaiting delivery in China were flown back to the U.S. due to <a href="https://www.benzinga.com/25/04/44960098/boeing-ceo-says-china-stopped-taking-airplane-deliveries-as-trade-war-rages">escalating trade tensions</a>. The halt followed President Donald Trump's move to raise tariffs on Chinese goods to 145%, prompting China to impose 125% tariffs on U.S.-made products, including aircraft.
Deliveries resumed after a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day tariff truce</a> was brokered in Geneva, reducing most mutual tariffs to 10%. However, the U.S. retained 20% tariffs on Chinese fentanyl-linked imports, keeping effective tariff levels at 30%.
In addition, Beijing lifted all non-tariff retaliatory measures imposed since April 2, including sanctions on select U.S. firms and restrictions on key mineral exports. U.S. Treasury Secretary Scott Bessent called the negotiations "very productive," adding that "neither side wants a decoupling."
China analyst Jeremy Chan said President Xi Jinping &#8220;has bowed to reality,&#8221; recognizing that <a href="https://www.benzinga.com/markets/25/06/45828073/xi-has-bowed-to-reality-says-china-analyst-urges-more-engagement-between-leaders-to-resolve-trade-is">&#8220;there is no substitute for direct negotiations with Trump,&#8221;</a> following a recent phone call between the leaders.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45830730/dan-ives-remains-bullish-on-tsla-stock-despite-trump-elon-musk-feud-expects-regulatory-framework-for-robotaxis">Dan Ives Remains Bullish On TSLA Stock Despite Trump, Elon Musk Feud, Expects Regulatory Framework For Robotaxis</a>
Why It Matters: China accounts for about 10% of Boeing's commercial aircraft backlog and is expected to generate 20% of global airplane demand over the next two decades. Roughly 50 Boeing jets are slated for delivery to Chinese carriers this year, saving the company from the costly task of finding alternate buyers.
In Q1 2025, Boeing's Commercial Airplanes revenue surged 75% year-over-year to $8.16 billion.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45830646/trump-musk-feud-moment-expected-by-generations-of-economics-students-vicious-fights-can-break-out-among-friends-over-budget-says-justin-wolfers">Trump-Musk Feud Moment &#8216;Expected&#8217; By Generations Of Economics Students: &#8216;Vicious Fights Can Break Out&#8217; Among Friends Over Budget, Says Justin Wolfers</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: JHVEPhoto / Shutterstock.com

Global

AAPL

AMZN

NVDA

Boeing 737 MAX Deliveries To China Restart After Month-Long Pause Amid Trade Tensions With US Over Trump's Tariffs

IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>) and Oxford Ionics today announced they have entered into a definitive agreement for IonQ to acquire Oxford Ionics in a transaction valued at $1.075 Billion, which will consist of $1.065 Billion in shares of IonQ common stock and approximately $10 Million in cash (subject to customary closing adjustments and expenses).
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20250609933087/en/">https://www.businesswire.com/news/home/20250609933087/en/</a>
<img src="https://mms.businesswire.com/media/20250609933087/en/2491925/4/IonQ-Oxford_Ionics_Logo_lockup.jpg" alt="" />
IonQ is a leader in quantum computing and networking, developing high performance systems based on trapped ion technology, to help solve the world's most complex commercial and research challenges. Oxford Ionics holds the current world records for fidelity, which measures the accuracy of quantum operations.
The transaction will bring together IonQ's quantum compute, application and networking stack with Oxford Ionics' groundbreaking ion-trap technology manufactured on standard semiconductor chips. The combined technologies are expected to deliver innovative, reliable quantum computers that increase in power, scale, and problem-solving capabilities. Both companies expect to benefit from the other's complementary technologies, deep expertise, and IonQ's global resources and established customer base.
The combined company expects to build systems with 256 physical qubits at accuracies of 99.99% by 2026 and advance to over 10,000 physical qubits with logical accuracies of 99.99999% by 2027. The combined company anticipates extending its innovation by reaching 2 million physical qubits in its quantum computers by 2030, enabling logical qubit accuracies exceeding 99.9999999999%.
The quantum computing market is projected to create up to $850 billion of global economic value by 2040 according to Boston Consulting Group. The management teams believe the transaction will enable the combined company to pioneer breakthroughs in quantum computing. IonQ expects that combining with Oxford Ionics will help drive the creation of disruptive applications that enable substantial revenue growth opportunities.
Oxford Ionics' team is expected to play a vital role in the combined company's future. Both Oxford Ionics founders, Dr. Chris Ballance and Dr. Tom Harty, are expected to remain with IonQ after the acquisition is completed, continuing their pioneering work on quantum technology development in the UK. The combined entity also plans to expand its workforce in Oxford to further develop the UK's position as a leader in quantum computing.
The combined company expects to maintain all existing customer relationships, including government partnerships in both the UK and US. The company also plans to continue working with the UK National Quantum Computing Centre and the government's Quantum Missions program, driven by the Department for Science, Innovation and Technology and Innovate UK, helping to develop practical quantum computing applications in manufacturing, pharmaceuticals, and defense.
"IonQ's vision has always been to drive real-world impact in every era and year of quantum computing's growth. Today's announcement of our intention to acquire Oxford Ionics accelerates our mission to full fault-tolerant quantum computers with 2 million physical qubits and 80,000 logical qubits by 2030," said Niccolo de Masi, CEO of IonQ. "We believe the advantages of our combined technologies will set a new standard within quantum computing and deliver superior value for our customers through market-leading enterprise applications.
De Masi continued, "We are pleased to welcome Oxford Ionics founders Dr. Chris Ballance and Dr. Tom Harty, and the rest of the Oxford Ionics team to IonQ. Their groundbreaking ion-trap-on-a-chip technology will accelerate IonQ's commercial quantum computer miniaturization and global delivery. Our combined path to millions of qubits by 2030 will help ensure unit economics, scale, and power as quantum computing rapidly evolves."
"We're tremendously excited to work alongside the world-class quantum computing and networking teams at IonQ. Together, we intend to move faster than any other player in the industry to deliver the leading fault-tolerant quantum computers with transformative value for customers," said CEO of Oxford Ionics, Dr. Chris Ballance. "At Oxford Ionics, we have not only pioneered the most accurate quantum platform on the market – we have also engineered a quantum chip capable of being manufactured in standard semiconductor fabs. We look forward to integrating this innovative technology to help accelerate IonQ's quantum computing roadmap for customers in Europe and worldwide."
The acquisition of Oxford Ionics follows IonQ's recent quantum computing and networking momentum, including the recent acquisition of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fnews%2Fionq-completes-acquisition-of-lightsynq-accelerating-quantum-computing-and&amp;esheet=54270896&amp;newsitemid=20250609933087&amp;lan=en-US&amp;anchor=Lightsynq&amp;index=1&amp;md5=2fe12d87be570c19cc1f7f3b5b299624">Lightsynq</a> and pending acquisition of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fnews%2Fionq-announces-plans-for-first-space-based-quantum-key-distribution-network&amp;esheet=54270896&amp;newsitemid=20250609933087&amp;lan=en-US&amp;anchor=Capella&amp;index=2&amp;md5=b2fb678d9da995dbe54c838166d06edf">Capella</a>.
To learn more, please join "IonQ's Path to Large-Scale, Fault-Tolerant Quantum Computing" webinar today, June 9th at 6:00 pm BST, 1:00 pm EST, 10 am PT. Register here: <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fionq.com%2Fevents%23registration-form&amp;esheet=54270896&amp;newsitemid=20250609933087&amp;lan=en-US&amp;anchor=https%3A%2F%2Fionq.com%2Fevents%23registration-form&amp;index=3&amp;md5=68bfff2baeb2a0bcc733933ad87a4aef">https://ionq.com/events#registration-form</a>
The number of shares of IonQ common stock to be issued will not be less than 21,143,538 shares or more than 35,241,561 shares, which is expected to equate to between 7.02% and 11.46% of the outstanding IonQ shares after the issuance, after giving effect to the expected issuance of shares to Capella shareholders upon closing that transaction. The final number of shares to be issued as consideration will be calculated using the volume-weighted average price for IonQ shares for the 20 trading days immediately preceding the third business day prior to the closing, but will not be more than $50.37 per share or less than $30.22 per share. The transaction is subject to customary closing conditions, including receipt of required regulatory approvals. The transaction is expected to close in 2025.

News

IONQ

IonQ Buys Oxford Ionics in $1.075B Deal to Supercharge Quantum Computing Push

Financial expert and bestselling author Ramit Sethi, known for his books and the Netflix show How to Get Rich, recently shared a difficult but important conversation he had with his wife, Cassandra, before they got married: about prenups.
What Happened: In an <a href="https://podcasts.apple.com/us/podcast/ramit-and-cassandra-open-up-our-real-money-fights/id1577864998?i=1000710994153">episode</a> of his Money for Couples podcast, he and Cassandra spoke candidly about the lead-up to a prenuptial agreement before their 2018 wedding.
"I'm sweating thinking about it right now," Sethi admitted. "The first time I brought it up, I remember I had talked to so many people, gotten advice, planned what I was gonna say and I was very nervous about it."
Cassandra was open to the idea, but their conversation quickly turned sour. "We started going back and forth and I was very confused, very hurt because I'm like, ‘I'm not trying to trick anybody here,'" Sethi recalled.
The friction stemmed from their differing views of money. While Sethi focused on the numbers and tried to draw up a "generous" agreement, Cassandra was considering the emotional weight of the situation.
To resolve their issues, the couple consulted a therapist. "That really opened up conversations that we hadn't been able to have because my answer was like, ‘growth, of course, look at the compounding.' And her answer was, ‘safety,'" Sethi said.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/06/45813139/ramit-sethi-gives-advice-for-anyone-whos-trying-to-build-a-rich-life-question-the-things-you-spend-money-on">Ramit Sethi Gives Advice For Anyone Who&#8217;s Trying To Build A Rich Life: &#8216;Question The Things You Spend Money On&#8217;</a>
Why It Matters: Money managers and <a href="https://www.benzinga.com/news/legal/25/04/44785964/why-marriage-may-be-the-most-important-business-decision-you-make">legal experts often regard prenups as an essential aspect of marriage</a>. Suze Orman <a href="https://www.cnbc.com/2020/03/11/why-suze-orman-says-you-should-always-get-a-prenup.html">highlighted this</a> in 2020: "If you cannot talk money to the person that you are about to marry, you are doomed for failure because money is going to run through your relationship more than anything else."
Dave Ramsey has also <a href="https://www.benzinga.com/personal-finance/24/08/40261201/22-year-old-inherits-1-5-million-asks-the-ramsey-show-if-she-should-get-a-prenup-dave-recommends">advised many individuals</a> who call in to his show to sign prenuptial agreements, and recommended that couple <a href="https://www.benzinga.com/personal-finance/24/04/38360464/dave-ramsey-says-when-you-get-married-combine-all-money-preacher-didnt-say-and-now-youre-a-joint">join their finances</a> instead of splitting costs.
The Sethis eventually found common ground and regard the prenup conversation as a milestone in their relationship, setting the stage for a solid marriage in the years that followed.   
The number of Americans considering prenups is on the rise. According to a Harris poll conducted in 2022, the number of people who have signed a prenup has climbed to 15%, compared to just 3% in 2010.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/06/45798378/ramit-sethi-reveals-how-to-have-better-finances-than-95-of-people-in-three-months-you-dont-need-a-6-figure-salary">Ramit Sethi Reveals How To Have Better Finances Than 95% Of People In Three Months: &#8216;You Don&#8217;t Need A 6-Figure Salary&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Personal Finance

This Is The One Money Talk You Need To Have Before Getting Married: Ramit Sethi Reveals How It Left Him Sweating And Confused

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 400 points during the session following the release of jobs data.
Nonfarm payrolls rose by 139,000 in May, beating consensus expectations of 130,000, according to data released Friday by the Bureau of Labor Statistics. Average hourly earnings rose 0.4% in May, the strongest monthly increase since January and ahead of the expected 0.3%. The US unemployment rate came in steady at 4.2% for May.
Shares of ABM Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABM#NYSE">ABM</a>) fell more than 9% on Friday after the company reported results for the second quarter. DocuSign Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) shares dipped 19% during the session following first-quarter results.
All sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, energy and communication services stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 443 points to 42,762.87 on Friday. The S&amp;P 500 rose 1.03% to 6,000.36, while the Nasdaq Composite climbed 1.20% to 19,529.95 during Friday's session.
Investors are awaiting earnings results from Motorcar Parts of America Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>), Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) and Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 63.3, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 59.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

CASY

DOCU

MPAA

S&P 500 Hits 6,000 Level Following Positive Jobs Data: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

NASA and Pentagon officials have taken swift action to urge competitors of&nbsp;Elon Musk&#8216;s&nbsp;SpaceX,&nbsp;including&nbsp;Jeff Bezos&#8216;s&nbsp;Blue Origin, to expedite the development of alternative rockets and spacecraft following the public feud between President Donald Trump and Musk.
What Happened: The government officials were taken aback by Musk&#8217;s response to Trump&#8217;s threat. Musk, in turn, threatened to cease&nbsp;flying its Dragon spacecraft, a&nbsp;critical component of NASA&#8217;s astronaut transportation&nbsp;to the International Space Station.&nbsp;Although Musk later retracted this threat, it caused significant concern among NASA and Pentagon officials, <a href="https://www.washingtonpost.com/technology/2025/06/07/trump-musk-spacex-nasa-national-security/">according</a> to a report by&nbsp;The Washington Post.
Following the public disagreement, government officials have approached commercial space companies, including Rocket Lab, Stoke Space and Jeff Bezos&#8217;s Blue Origin, to inquire about the readiness of their rockets for government missions.
During Trump's first term, he frequently criticized the Bezos-owned Washington Post. However, in March, Trump praised Bezos&#8217; move to make<a href="https://www.benzinga.com/news/25/03/44371691/trump-praises-jeff-bezos-recent-moves-with-washington-post-hes-trying-to-do-a-real-job"> significant changes</a> with the Washington Post and said, &#8216;He&#8217;s trying to do a real job.&#8217;
SpaceX, a major recipient of government contracts, is responsible for transporting astronauts&nbsp;and cargo to the ISS,&nbsp;launching Pentagon satellites, and developing intelligence agency satellites. The growing tension between Musk and Trump intensified after the White House withdrew Musk-ally, Jared Isaacman&#8216;s nomination for NASA administrator.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45808431/xi-has-bowed-to-reality-says-china-analyst-urges-more-engagement-between-leaders-to-resolve-trade-i" target="_blank" rel="noreferrer noopener">Xi Has &#8216;Bowed To Reality,&#8217; Says China Analyst, Urges More Engagement Between Leaders To Resolve Trade Issues: &#8216;No Substitute For Direct Negotiations With Trump&#8217;</a>
Why It Matters:&nbsp;This recent development underscores the potential impact of political tensions on the space industry. It also highlights the increasing competition in the sector, with companies like Blue Origin making significant strides in their space exploration efforts. Just recently, Blue Origin <a href="https://www.benzinga.com/news/space/25/06/45788673/jeff-bezos-blue-origin-reveals-new-space-vehicle-for-lunar-and-martian-missions">unveiled </a>a new vehicle for lunar and Martian missions, further cementing its position as a key player in the industry.
Bezos&#8217; Blue Origin has been a key player in the space industry, competing directly with SpaceX. Bezos has also made moves in the satellite internet market, launching the first <a href="https://www.benzinga.com/media/25/04/45058299/elon-musks-starlink-empire-gets-new-challenger-in-shape-of-jeff-bezos-amazon-project-kuiper-deploys-first-operational-satellites">operational </a>satellites for his ambitious Project Kuiper, which directly challenges Musk&#8217;s Starlink. 
Meanwhile, Bezos has been making efforts to improve his relationship with Trump, a move that could potentially impact Amazon&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) sprawling business. The Amazon founder appears to be seeking a reset by visiting Mar-a-Lago, contributing $1 million to Trump's inauguration and reportedly signing a $40 million documentary deal with First Lady Melania Trump.
Benzinga's Edge Rankings place Amazon in the 70th percentile for quality and the 97th percentile for growth, reflecting its strong performance in both areas. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
<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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09035545/Screenshot-2025-06-09-at-1.25.39%E2%80%AFPM.png" alt="" class="wp-image-942790" /></a></figure>
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock plunged 14.09% over the last five days, possibly due to Elon Musk's departure from the White House and his ongoing feud with President Trump.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/sports/25/06/45829858/shaq-settled-on-angel-reese-for-reebok-endorsement-due-to-budget-constraints-i-had-to-deal-with-something-i-never-had-to-deal-with" target="_blank" rel="noreferrer noopener">Shaq Settled on Angel Reese for Reebok Endorsement Due to Budget Constraints: &#8216;I Had To Deal With Something I Never Had To Deal With&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Tech

TSLA

Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud

Billionaire investor and television personality Mark Cuban has been an avid cryptocurrency advocate over the years, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) receiving special attention in his social media posts and interviews.
What happened: Cuban has been a proponent of Bitcoin's safe haven narrative, even deeming it a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42935597/mark-cuban-advocates-bitcoin-over-gold-during-economic-turmoil-i-think-it-has-more-value-than-gold">&#8220;better version of gold</a>.&#8221; He argued that, in addition to being as good as gold as a hedge against economic downturns, Bitcoin is &#8220;easier&#8221; to buy, trade and transfer globally. 
The "Shark's" conviction was tested during Bitcoin's April downturn. The apex cryptocurrency had<a href="https://www.benzinga.com/25/04/44669943/why-is-bitcoin-down-today-trump-tariffs-spark-market-panic-as-btc-slides-below-75k"> plunged below $75,000</a> in early April, marking its lowest level in months. This drop was triggered by President Donald Trump's sweeping tariff measures, which reignited fears of a global recession and led to a sharp sell-off in risk assets.
Cuban, however, appeared unfazed. During an X conversation, he called <a href="https://www.benzinga.com/25/04/44704749/mark-cuban-pitched-bitcoin-as-a-hedge-against-economic-turmoilno-surprises-the-shark-still-finds-btc-a-better-buy-amid-tariff-woes">Bitcoin &#8220;a better buy,&#8221;</a> potentially suggesting that firms may benefit from hoarding the asset.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">You will eventually be right. But btc is probably a better buy right now.
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1908344893862269417?ref_src=twsrc%5Etfw">April 5, 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/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Two months later, his statements sound like good investment advice. Bitcoin embarked on a<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45637742/bitcoin-performing-exceptionally-well-says-markets-commentator-as-btc-helps-fuel-a-42-crypto-market-recovery-from-april-lows"> record-shattering rally</a> in May, hitting a new all-time high of $111,970.17.
Since Cuban called Bitcoin a better buy, the cryptocurrency has jumped 27% and nearly 40% from its April lows. So, if you invested $1000 in Bitcoin following Cuban's commentary, it would be worth $1270 today.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $105,586.25, up 0.09% 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>.&nbsp;
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45739199/american-politicians-dont-believe-bitcoin-can-co-exist-peacefully-with-the-dollar-says-this-popular-btc-maximalist-heres-why">American Politicians Don&#8217;t Believe Bitcoin Can &#8216;Co-Exist Peacefully&#8217; With The Dollar, Says This Popular BTC Maximalist: Here&#8217;s Why</a></li>
</ul>
Image Via Shutterstock/Frame Stock Footage

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

Cryptocurrency

$BTC

Bitcoin Is Up 27% Since Mark Cuban Called The Top Cryptocurrency A 'Better Buy' Amid Trump Tariff-Fueled Downturn

Cathie Wood, founder of ARK Invest, says history shows artificial intelligence will generate "many more jobs than it displaces," pushing back on fears that chatbots and humanoid robots will wipe out careers.
What Happened: Wood made the case in a weekend X thread after taping Steven Bartlett's "Diary of a CEO" <a href="https://www.youtube.com/watch?v=ZznpMh0DegE&amp;list=PL22egh3ok4cP0T7UZRmP6TMLErZYWMN-l">podcast</a>. Wood told Bartlett that baby-boomer retirements and smaller follow-on generations already constrain the labor pool, so companies will use AI to boost productivity rather than slash payrolls. 
"We'll see more people taking risks on themselves," she said, predicting the traditional corporation "will change radically."
After the interview, Wood asked OpenAI's ChatGPT and xAI's Grok 3 to list occupations that don't exist yet. &#8220;ChatGPT and Grok3 were full of job ideas, &#8221; she said. She urged followers to "test them yourselves" and include sci-fi, &#8220;ideas from futurists&#8221; in their prompts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/StevenBartlett?ref_src=twsrc%5Etfw">@StevenBartlett</a> drilled into the impact of AI and robotics on our jobs, all jobs. History shows that new technologies create many more jobs than they displace. We do not think that this time will be different. After our interview, I asked chatGPT and Grok3 for a list of new… <a href="https://t.co/FxSa6oI4Fr">https://t.co/FxSa6oI4Fr</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1931383026828665058?ref_src=twsrc%5Etfw">June 7, 2025</a></blockquote>
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</figure>
See also: <a href="https://www.benzinga.com/news/politics/25/06/45831188/gavin-newsom-to-sue-trump-administration-over-national-guard-deployment-dares-border-czar-homan-to-arrest-him">Gavin Newsom To Sue Trump Administration Over National Guard Deployment, Dares Border Czar Homan To &#8216;Arrest&#8217; Him</a>
The post aligns with Wood's long-held thesis that innovation cycles ultimately expand employment. Last month, she argued <a href="https://www.benzinga.com/government/regulations/25/05/45344120/cathie-wood-says-ai-innovation-in-healthcare-will-be-more-profound-than-autonomous-taxi-networks-humanoid-robots">AI advances in health care</a> could rival autonomous taxis in economic impact.
Why It Matters: Wood&#8217;s numerous Ark Invest funds have been loading up on chipmakers and software firms she says will power that boom. ARK flagship fund, ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), added to its AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) stake <a href="https://www.benzinga.com/markets/tech/25/06/45779874/cathie-wood-snaps-up-more-amd-shares-as-ark-invest-bets-big-on-chip-stocks">last week</a> and has been <a href="https://www.benzinga.com/25/05/45660989/cathie-wood-ditches-5-6m-more-tesla-while-elon-musk-quits-government-role-doubles-down-on-ai-stock-under-attack-by-short-sellers">buying</a> Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) and other data-rich platforms.
Wood has also been buying shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), aiming for <a href="https://www.benzinga.com/25/05/45635104/cathie-wood-dumps-9-9m-tesla-despite-musks-24-7-pledge-loads-up-on-nvidia-before-earnings">broad-based exposure</a> to the AI chip market rather than betting on a single winner.
The &#8220;disruptive tech&#8221; investor in May also pointed to <a href="https://www.benzinga.com/25/05/45319531/cathie-wood">AI as a force</a> that will &#8220;disrupt the traditional world order&#8221; and predicted that everyone will have an AI-powered personal assistant in the future.
Photo Courtesy: twenty1studio On Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/equities/25/06/45830824/niall-ferguson-says-us-and-china-locked-in-a-cold-war-larry-summers-calls-it-hostile-codependence">Niall Ferguson Says US And China Locked In A &#8216;Cold War&#8217; — Larry Summers Calls It &#8216;Hostile Codependence&#8217;</a>

Equities

ARKK

Cathie Wood Sharers Her Take On Chatbots And Robots Taking Human Jobs: 'We'll See More People Taking Risks'

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Motorcar Parts of America Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPAA#NASDAQ">MPAA</a>) to report quarterly earnings at 20 cents per share on revenue of $190.70 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Motorcar Parts of America shares gained 4.5% to $12.45 in after-hours trading.</li>
<li>Analysts are expecting Graham Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHM#NYSE">GHM</a>) to post quarterly earnings at 19 cents per share on revenue of $55.67 million. The company will release earnings before the markets open. Graham shares rose 3.8% to $43.58 in after-hours trading.</li>
<li>Children&#8217;s Place Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) posted weaker-than-expected results for its first quarter after the closing bell on Friday. The company reported quarterly losses of $1.52 per share, which missed the analyst consensus estimate of losses of 51 cents per share. The company reported quarterly sales of $242.13 million, which missed the analyst consensus estimate of $260.62 million. Children&#8217;s Place shares</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>After the markets close, Casey&#8217;s General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is projected to post quarterly earnings at $1.96 per share on revenue of $3.93 billion. Casey&#8217;s shares slipped 0.1% to $443.50 in the after-hours trading session.</li>
<li>Analysts expect Calavo Growers Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) to post quarterly earnings at 53 cents per share on revenue of $201.48 million after the closing bell. Calavo Growers shares fell 0.3% to $27.61 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo courtesy: Andriy Blokhin / Shutterstock.com

CVGW

PLCE

Motorcar Parts of America, Casey's General Stores And 3 Stocks To Watch Heading Into Monday

California Governor Gavin Newsom (D) has announced that the state will file a lawsuit against the Trump administration over the deployment of the National Guard to quell protests in Los Angeles.
What Happened:&nbsp;Newsom revealed the lawsuit during an interview with MSNBC on Sunday. The legal action is aimed at challenging the federalization&nbsp;of the California National Guard&nbsp;by the Trump administration without the state&#8217;s consent, a move that Newsom deems unprecedented in U.S. history,&nbsp;<a href="https://www.msnbc.com/msnbc/watch/gov-newsom-tells-president-trump-to-stand-down-amid-l-a-protests-241152581707">reported</a>&nbsp;MSNBC.
"And we're going to test that theory with a lawsuit tomorrow," Newsom stated. &#8220;They never coordinated with the governor of the state,"&nbsp;he added.
Newsom also responded to remarks by border czar Tom Homan, who implied he might arrest Newsom or Los Angeles Mayor Karen Bass if they obstructed his actions. In reply, Newsom challenged him, saying, "Arrest me. Let's go."
Newsom also criticized Trump&#8217;s Truth Social post, where he praised the National Guard for a &#8220;great job&#8221; even though they weren&#8217;t deployed at the time.&nbsp;He described the post as &#8220;Orwellian, simply lying to people,&nbsp;unconstitutional, illegal act, his mess.&nbsp;We're trying to clean it&nbsp;up.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45830251/elon-musks-political-party-to-launch-in-2025-odds-rise-on-polymarket-the-crypto-betting-market-now-partnered-with-x" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Political Party To Launch In 2025? Odds Rise On Polymarket, The Crypto Betting Market Now Partnered With X &#8211; Benzinga</a>
Why It Matters: The lawsuit comes after Newsom called the <a href="https://www.benzinga.com/news/politics/25/06/45830221/gavin-newsom-calls-deployment-of-national-guard-in-los-angeles-unlawful-says-there-was-no-problem-until-trump-got-involved-serious-breach-of-state-sovereignty">deployment </a>of National Guard troops in Los Angeles &#8220;unlawful&#8221; and a &#8220;serious breach of state sovereignty&#8221; on Sunday. The deployment, which included around 300 National Guard members, was part of Trump's broader effort to crack down on immigration protests.
Meanwhile, the protests in Los Angeles turned violent, with protesters <a href="https://www.benzinga.com/markets/tech/25/06/45830565/multiple-waymo-vehicles-set-on-fire-during-los-angeles-anti-ice-protests-elon-musk-says-this-is-not-ok">reportedly </a>vandalizing over five of Alphabet&#8216;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>) Waymo robotaxis during clashes with the police. 
The protests were against the Trump administration's crackdown on immigration into the U.S., with the Immigration and Customs Enforcement (ICE) carrying out high-profile raids and reportedly detaining several undocumented individuals.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/news/politics/25/06/45830286/ron-desantis-takes-a-dig-at-california-says-state-officials-living-in-a-leftist-information-bubble-" target="_blank" rel="noreferrer noopener">Ron DeSantis Takes A Dig At California, Says State Officials Living In A &#8216;Leftist Information Bubble&#8217; Amid Unrest — Spring Break Crackdown A Model Response, Says Florida Governor</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.

Politics

GOOG

GOOGL

Gavin Newsom To Sue Trump Administration Over National Guard Deployment, Dares Border Czar Homan To 'Arrest' Him

CLVT

Clarivate Deepens Longstanding Partnership With American Library Association By Supporting Public Advocacy Through 2027

Reported Friday, Montego Bay Airport To Receive $118.1M In Investments Under GAP's 5-Year Development Plan, Tariffs Set Through 2030

<ul>
<li>Atopic dermatitis is a chronic disease that disproportionately impacts communities of color</li>
<li>Dupixent achieved 75% or greater improvement in overall disease severity, the primary endpoint, in more than three-quarters of treated patients</li>
<li>Patients experienced substantial reductions in hyperpigmentation, dry skin and itch from baseline</li>
<li>Results support commitment to enhance clinical understanding of chronic diseases in communities of color</li>
</ul>

REGN

Reported Saturday, Sanofi And Regeneron Present New Dupixent Results Highlighting Disease Severity Reduction In Patients With Darker Skin Tones

Casey's General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) will release its fourth-quarter financial results after the <a href="https://www.benzinga.com/quote/CASY/earnings">closing bell on Monday, June 9.</a>
Analysts expect the company to report quarterly earnings at $1.95 per share, down from $2.34 per share in the year-ago period. Casey's projects quarterly revenue of $3.95 billion, compared to $3.6 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 20, the company said third-quarter revenue of $3.90 billion beat the consensus of $3.73 billion.
Casey&#8217;s shares fell 0.4% to close at $444.04 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/CASY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Keybanc analyst Bradley Thomas initiated coverage on the stock with an Overweight rating and a price target of $500 on April 11, 2025. This analyst has an accuracy rate of 77%.</li>
<li>BMO Capital analyst Kelly Bania reinstated a Market Perform rating and boosted the price target from $400 to $450 on Dec. 18, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Deutsche Bank analyst Krisztina Katai maintained a Buy rating and raised the price target from $451 to $454 on Nov. 6, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Gordon Haskett analyst Chuck Grom initiated coverage on the stock with a Hold rating and a price target of $400 on Nov. 4, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Benchmark analyst John Lawrence reiterated a Buy rating and a price target of $410 on Sept. 10, 2024. This analyst has an accuracy rate of 61%</li>
</ul>
Considering buying CASY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/CASY/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="618" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-1024x618.png" alt="" class="wp-image-942715" style="width:643px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-1024x618.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-300x181.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109-768x463.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09024708/image-109.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45811726/cramer-says-hes-not-going-to-really-want-to-do-a-lot-of-china-right-now">Cramer Says He&#8217;s &#8216;Not Going To Really Want To Do A Lot Of China Right Now&#8217;</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Analyst Ratings

Trading Ideas

Casey's Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is expected to highlight its artificial intelligence strategy at WWDC 2025, but according to top analyst Ming-Chi Kuo, <a href="https://www.benzinga.com/markets/tech/25/06/45787471/apples-wwdc-2025-when-how-to-watch-the-keynote-and-what-to-expect">no breakthroughs</a> are anticipated, although the company can still meet market expectations.
What Happened: On Monday, Kuo, an analyst at TF Securities, took to X, formerly Twitter and shared three key points to watch out for at Apple WWDC 2025.
He explained Apple's focus at WWDC 2025 will be on AI advancements, while other updates like UI changes and OS improvements will take a secondary role.
Kuo stated that Apple is not expected to unveil any major breakthroughs in AI technology during the event.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: &#8216;Has Its Head In The Sand&#8217;</a>
However, with <a href="https://www.benzinga.com/news/25/06/45788605/apple-has-at-least-two-years-before-losing-customers-despite-its-several-ai-missteps-says-gene-munst">low market expectations</a>, Apple could still meet them by clearly explaining how AI will work across its devices and offering a roadmap for its future development.
&#8220;No major breakthroughs in Apple&#8217;s AI technology are expected,&#8221; he stated, adding, &#8220;Still, with the market&#8217;s limited expectations, Apple can meet them by clearly explaining how AI features will work on devices and outlining a development timeline.&#8221;
Kuo also pointed out that <a href="https://www.benzinga.com/news/24/06/39228141/apple-intelligence-what-to-expect-from-tim-cooks-wwdc-plans-for-bringing-ai-to-iphone-ipad-and-mac">Apple's AI announcements in the past year</a> were optimistic but were met with a lack of significant AI rollouts.
He said that while Apple's hardware and chip development can support AI services, the company has <a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand">yet to differentiate itself in the AI space</a>, and there is no guarantee of a competitive advantage just because of its hardware.
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.
<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">Three Key Points to Watch at Apple WWDC 2025 1. Apple's AI strategy takes center stage, with updates like UI changes and OS improvements playing a secondary role. 2. No major breakthroughs in Apple&#39;s AI technology are expected. Still, with the market&#39;s limited expectations,…
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1931935292770091496?ref_src=twsrc%5Etfw">June 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Apple's AI plans are under significant scrutiny, as the company <a href="https://www.benzinga.com/news/topics/25/06/45712700/apples-ai-struggles-to-keep-pace-with-rivals-ahead-of-wwdc-2025">attempts to catch up with</a> rivals like OpenAI, Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</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.
Though WWDC typically focuses on software, previously it was reported that Apple may <a href="https://www.benzinga.com/markets/tech/25/06/45826757/apple-may-launch-new-hardware-at-wwdc-2025-mac-pro-homepad-airtag-2-expected">unveil three hardware products</a> this year: a redesigned Mac Pro featuring Apple Silicon, a new ‘HomePad' smart display possibly linked to a new homeOS and an updated AirTag 2.
WWDC 2025 marks Apple's final major event ahead of the iPhone 17 launch this fall, making it a likely opportunity for hardware reveals. The event runs from June 9 to 13, with the keynote livestream scheduled for June 9 at 1 p.m. ET.
Price Action: Apple shares have fallen 16.37% so far this year, though they have climbed 140.76% over the past five years, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Benzinga's Edge Stock Rankings show a downward price trend for Apple across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional metrics can be found here</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/09021705/Screenshot-2025-06-09-at-10.18.46%E2%80%AFAM-1.png" alt="" class="wp-image-942669" /></a></figure>
Photo Courtesy: Lester Balajadia on Shutterstock.com
Check out more of Benzinga'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:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45770679/alibaba-jd-see-sales-soar-in-618-festival-apple-and-xiaomi-emerge-as-top-selling-brands" target="_blank" rel="noreferrer noopener">Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

WWDC 2025 Not Expected To Have Any Major AI Breakthroughs, But Apple Analyst Says Watch Out For These 3 Key Points

LQDT

Reported Sunday, Bentonville Renews Partnership With GovDeals, A Liquidity Services Marketplace, To Boost Surplus Property Sales Through Online Auctions

Michael Shaulov, CEO of digital asset infrastructure provider Fireblocks, asserted that cryptocurrency has crossed the &#8220;point of no return,&#8221; with increasing acceptance and impending regulation advancing its legitimacy.
What Happened:&nbsp;In an exclusive chat with Benzinga at the recently held Consensus 2025 event, Shaulov was optimistic of the cryptocurrency sector&#8217;s future, with more individuals and institutions jumping on the bandwagon.
&#8220;I think it&#8217;s pretty clear that it&#8217;s beyond the point of no return,&#8221; Shaulov stated. &#8220;The train left the station. I think more and more people are jumping on the train&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Consensus 2025 Fireblocks" width="500" height="281" src="https://www.youtube.com/embed/e6_UXHMHUpU?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>
</div>
</figure>
He further said that the incoming regulation in the U.S., in whatever shape it takes, would only strengthen the reality of cryptocurrencies, offering ten times the properties, performance, speed and cost reduction compared to traditional financial systems.
See Also:&nbsp;<a href="https://benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2" target="_blank" rel="noreferrer noopener">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a>
Shaulov also shared findings from a recent survey that Fireblocks conducted across&nbsp;banks and payment&nbsp;companies. 
&#8220;There&#8217;s no skeptism anymore. 90% of them are either already working with stable coins or in pilots of stable coins or contemplating how they&#8217;re going to enter the space,&#8221; Shaulov revealed.
Why It Matters:&nbsp;Shaulov has been a long-standing cryptocurrency advocate. He previously referred to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as an <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35142263/exclusive-fireblocks-ceo-calls-bitcoin-an-insurance-policy-against-government-collapse">&#8220;insurance instrument&#8221;</a> against potential government system collapses.
His optimistic outlook on the sector, particularly on stablecoins, comes amid the advancement of the <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage" target="_blank" rel="noreferrer noopener">GENIUS Act</a>, a proposed legislation aiming to establish the first U.S. regulatory framework for issuers of stablecoins like Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) and USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>). Sen.&nbsp;Cynthia Lummis&nbsp;(R-Wyo.) expressed confidence that the&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45763451/ja" target="_blank" rel="noreferrer noopener">bill would become law</a>&nbsp;by this week.
Meanwhile, stablecoin issuing company Circle Internet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRL#NYSE">CRL</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45821941/circle-crcl-stock-surges-after-successful-ipo-debut-whats-going-on">recorded a blockbuster debut</a> last week, popping 168% on its first day. The stock opened at $69, more than double its $31 IPO price, giving the company an initial valuation of $6.9 billion.
However, former Goldman Sachs executive and Web3 entrepreneur Dom Kwok <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45830632/ex-goldman-executive-on-circles-168-ipo-spike-dont-rush-to-buy-stock-as-bankers-engineer-a-pop-cites-facebook-example">advised investors</a> not to rush and wait for the lockup period to end.
Circle joined other cryptocurrency-related stocks like Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on Wall Street. Check out Benzinga Edge Stock Rankings score to see <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how these stocks rank</a> in various metrics like Momentum, Growth and Quality.
Photo Courtesy: alfernec on Shutterstock.com
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Despite the years of escalating trade, technology, and geopolitical tensions, historian and economist Niall Ferguson says that the United States and China remain entangled.
What Happened: Appearing on Bloomberg&#8217;s Wall Street Week on Saturday, alongside former Treasury Secretary Lawrence Summers, Ferguson used a term that he says he hasn&#8217;t used in a while, &#8220;Chimerica,&#8221; referring to the symbiotic relationship between the U.S. and China.
Ferguson, however, highlights the deeply asymmetrical nature of this relationship, which he had referred to as being &#8220;unsustainable&#8221; all the way back in 2007.
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&#8220;The U.S. does the importing, China does the exporting, the U.S. does the consuming, and China does the saving,&#8221; he says, referring to the argument he had made several decades ago, stating that &#8220;Chimerica&#8221; would eventually turn into Chimaera, a mythical fire-breathing monster that causes destruction.
&#8220;The interesting thing&#8221; about this, Ferguson notes, is that despite the increasing hostility between the two nations, the economic relationship between the two countries has been &#8220;extraordinarily persistent,&#8221; with the U.S. still importing enormous amounts from China.
&#8220;Somehow Chimerica and Cold War II seem capable of coexisting,&#8221; he says, at which point Summers weighs in to say that he likes to call this phenomenon &#8220;hostile codependence.&#8221;
Ferguson&#8217;s comments underscore a key challenge facing the Trump Administration, that even in the event of deglobalization, it&#8217;s hard to vie for a clean break. 
Why It Matters: The idea that the U.S. and China are <a href="https://www.benzinga.com/news/politics/25/06/45808431/xi-has-bowed-to-reality-says-china-analyst-urges-more-engagement-between-leaders-to-resolve-trade-issues-no-substitute-for-direct-negotiations-with-trump">economically bound</a> to each other is gaining traction fast, with leading China analysts such as Jeremy Chan saying last week that &#8220;Xi has bowed to reality,&#8221; and is thus looking for direct negotiations with President Donald Trump.
Chris Pereira of the American Ecosystem Institute <a href="https://www.benzinga.com/news/global/25/05/45337755/us-and-china-remain-deeply-economically-intertwined-and-complete-disengagement-would-be-mutually-damaging-says-chris-pereira">echoed similar views</a> when he told Benzinga last month that &#8220;the U.S. and China remain deeply economically intertwined,&#8221; and any forced disengagement would be &#8220;mutually damaging.&#8221;
Photo Courtesy: Tomas Ragina On Shutterstock.com
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