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Microsoft co-founder Bill Gates stated he has no plans to downsize from his expansive Lake Washington estate, Xanadu 2.0, despite being the only resident.
What Happened: Gates, 69, is determined to continue living in his 66,000-square-foot compound, which he purchased in 1988 for $2 million. The property&#8217;s current estimated value is over $130 million.
Despite his sisters choosing to downsize, Gates has expressed a strong attachment to his homes, saying, &#8220;I like the houses I&nbsp;have.&#8221; He also highlighted the joy his children get from visiting the vast estate.
According to a report <a href="https://www.thetimes.com/life-style/celebrity/article/bill-gates-interview-new-book-memoir-wh766b9bs">by </a>The UK Times The mansion, Xanadu 2.0, named after the 1941 film &#8220;Citizen Kane,&#8221; is a representation of billionaire luxury, featuring six kitchens, 24 bathrooms, an indoor trampoline room, a private library, and a swimming pool equipped with an underwater music system.
Also Read: <a href="https://www.benzinga.com/tech/25/01/43218782/bill-gates-i-would-probably-be-diagnosed-on-the-autism-spectrum-if-growing-up-today">Bill Gates: &#8216;I Would Probably Be Diagnosed on the Autism Spectrum&#8217; if Growing Up Today</a>
Gates spent seven years and $63 million on renovations to customize the estate to his liking, transforming it into more than just a home. Despite his ex-wife, Melinda, once describing it as &#8220;a bachelor&#8217;s dream and a bride&#8217;s nightmare,&#8221; Gates sees the mansion as an investment that has significantly appreciated over time.
Similar to Gates, billionaire investor&nbsp;Warren Buffett&nbsp;has also retained&nbsp;his Omaha home for over&nbsp;65 years, highlighting the invaluable memories it contains.
Why It Matters: The decision by Gates to retain his mansion reflects a trend among billionaires to view their homes as more than just property. 
These estates, often filled with personal memories and customized to their tastes, are seen as valuable investments that have significantly appreciated over time. This trend is not limited to Gates, as evidenced by Warren Buffett&#8217;s decision to hold onto his Omaha home for over six decades. 
These homes, often symbols of luxury and wealth, offer a glimpse into the lives of the world&#8217;s richest individuals.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42716028/bill-gates-expressed-skepticism-towards-bitcoin-i-would-short-it-if-possible" target="_blank" rel="noreferrer noopener">Bill Gates Expressed Skepticism Towards Bitcoin: ‘I Would Short It' If Possible</a>

News

Social Media

Bill Gates Declines To Downsize From His $130 Million Mega-Mansion: 'I Like The Houses I Have'

President Donald Trump&#8216;s new tariffs are set to affect e-commerce, specifically focusing on a tariff exemption for packages valued under $800 that has been in use by Chinese online retailers for a long time.
What Happened: President Trump&#8217;s executive orders have put forth a 25% levy on Canada and Mexico, and&nbsp;a 10% duty on China. The &#8220;de minimis&#8221; exemption, which allowed packages under $800&nbsp;to enter the US without&nbsp;tariffs, will no longer be applicable. 
This exemption had been a significant boon for Chinese e-commerce retailers who could ship inexpensive goods directly to US consumers, <a href="https://www.bloomberg.com/news/articles/2025-02-02/trump-tariffs-target-loophole-used-by-chinese-online-retailers?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.
The full impact of these &#8220;de minimis&#8221; changes remains uncertain. The White House has not provided clarity on whether these changes apply only to the new tariffs or also to existing trade levies. 
Trade lawyers have suggested that the language used by Trump could imply a broader application, potentially affecting existing duties against China, Canada and Mexico.
Also Read: <a href="https://www.benzinga.com/markets/25/02/43423087/canada-retaliates-against-trumps-tariffs-with-countermeasures-25-tariffs-on-107-billion-of-us-made-goods">Canada Retaliates Against Trump&#8217;s Tariffs With Countermeasures: 25% Tariffs On $107 Billion of US-Made Goods</a>
Chinese retailers, including&nbsp;Alibaba,&nbsp;JD.com Inc.,&nbsp;PDD Holdings Inc.&#8216;s Temu, and fashion-focused Shein, are likely to feel the most impact from these changes. These companies have been leveraging the &#8220;de minimis&#8221; loophole to avoid tariffs by shipping individual orders directly to customers from China, reports the outlet. 
The new tariffs are scheduled to come into&nbsp;effect at 12:01 am New&nbsp;York time on Tuesday.
Why It Matters: The &#8220;de minimis&#8221; exemption has long been a point of contention in trade discussions, with critics arguing that it provides an unfair advantage to foreign online retailers. The removal of this exemption will level the playing field for domestic retailers who have been struggling to compete with low-cost goods from overseas.
However, this change could also lead to increased costs for US consumers, who have benefited from the availability of inexpensive goods from Chinese online retailers. 
The impact on the e-commerce sector and consumer spending will become clearer once the new tariffs take effect.
Read Next
<a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs" target="_blank" rel="noreferrer noopener">Trump Threatens BRICS Nations With 100% Tariffs</a>
Image: Shutterstock

Politics

Global

Trump's Trade Tariffs to Close E-Commerce Loophole Favoring Chinese Online Retailers

In a recent interview with ThinkAdvisor, a senior financial planner with Kitces.com, Ben Henry-Moreland, laid out the <a href="https://www.benzinga.com/topic/taxes">tax planning implications</a> of Donald Trump&#8216;s return to the White House. In short, it&#8217;s now almost guaranteed that the 2017 Tax Cuts and Jobs Act (also known as the Trump Tax Cuts) will be extended past its 2025 sunset.
In fact, in his recent confirmation hearing in front of the Senate, President Trump's nominee for Treasury Secretary, Scott Bessent, said extending the 2017 tax cuts is "the single most important economic issue of the day… If we do not fix these tax cuts, if we do not renew and extend, then we will be facing an economic calamity."
The tax bill included the increase in the exclusion for estate, gift, and generation-skipping transfer tax purposes from $5 million to $10 million (indexed to inflation), the increase in the standard deduction, the reworking of the Alternative Minimum Tax, and more.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43382103/experts-say-deepseek-proves-high-performance-ai-possible-without-silicon-valleys-spending">Experts Say DeepSeek Proves High-Performance AI Possible Without Silicon Valley&#8217;s Spending</a>
In fact, Henry-Moreland even <a href="https://www.thinkadvisor.com/2024/11/06/what-trumps-win-means-for-estate-tax-planning/">suggests </a>there&#8217;s a chance that the Republican majority in Congress could repeal the estate tax completely, a provision that existed in the original version of the 2017 bill. The one big change that might be in the works is a removal of the state and local tax deduction cap, which is now the one unpopular part of the 2017 tax bill among Republicans.
This suggests clients can be reassured that their estate and tax plans from the last few years don&#8217;t require major overhauls. The federal picture is likely to remain similar, while few states have flipped enough to create a need to move estates and inheritances to other jurisdictions.
But while a second Trump administration means more of the same for taxes, it is heralding some big changes for investments. For one, President Trump&#8217;s nominee for the Securities and Exchange Commission chairmanship, Paul Atkins, looks to be much more crypto-friendly than his famously combative predecessor. Meanwhile, the President&#8217;s media company, Trump Media and Technology Group, recently announced <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43310673/trump-media-technology-group-stock-jumps-on-expansion-into-financial-services">a new crypto venture, Truth.Fi.</a>
And just this week, Fed Chairman Jerome Powell said that banks are &#8220;perfectly able to serve crypto customers as long as they understand and can manage the risks,&#8221; adding that &#8220;a greater regulatory apparatus around crypto [from Congress would be] very constructive.&#8221; That&#8217;s a much more crypto-friendly message than the Fed has historically put out.
The winds in DC are clearly blowing in the favor of cryptocurrencies. Advisors should take note and consider expanding their knowledge about the asset class and offer advice and services for clients interested in the space. To see how one advisor handles crypto, check out our recent interviews with Tyrone Ross Jr. <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/12/42470479/financial-advisor-calls-stocks-dinosaur-bones-but-likes-some-etfs">here</a> and <a href="https://www.benzinga.com/personal-finance/financial-advisors/24/12/42517262/most-crypto-foward-ria-slams-bitcoin-forecasts-from-michael-saylor-others-dis">here</a>.
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Photo: Shutterstock

Financial Advisors

What Tax And Investment Planning Will Look Like Under Trump 2.0

In a series of posts on X, former White House Communications Director Anthony Scaramucci urged elected officials to take a stand against what he <a href="https://www.benzinga.com/news/25/01/43217002/scaramucci-questions-trumps-commitment-to-maga-agenda-trump-himself-is-not-maga">termed as the &#8220;crazy nonsense&#8221;</a> of President Donald Trump&#8217;s new tariffs on Canada, China and Mexico.
What Happened: On Sunday, Scaramucci took to X to express his concerns over the tariffs imposed by President Trump. He called for more organized dissent among public servants, emphasizing the need for them to explain the perceived danger.
The tariffs imposed by Trump on Saturday include&nbsp;a 25% duty on all&nbsp;imports from Mexico and most&nbsp;goods from Canada, excluding&nbsp;energy-related items such as crude&nbsp;oil, which will see a 10% tariff. Additionally, a 10% tariff will be levied&nbsp;on Chinese goods imported into&nbsp;the United States.
&#8220;Why isn't there more organized,&nbsp;dissent? Public servants need to&nbsp;explain the danger. It has&nbsp;to be elected officials getting&nbsp;together to stop this sort&nbsp;of crazy nonsense,&#8221; he mentioned.
<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">Why isn't there more organized, dissent? Public servants need to explain the danger. It has to be elected officials getting together to stop this sort of crazy nonsense. A few Republicans could change the course of history and save their own party.
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1885839872629354589?ref_src=twsrc%5Etfw">February 1, 2025</a></blockquote>
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In a subsequent tweet, Scaramucci suggested that a few Republicans could alter&nbsp;the course of history and&nbsp;save their party. He also hinted at the potential pitfalls of running a government like a business.
Also Read: <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">Trump&#8217;s Tariffs Are Here. Here&#8217;s What Will Get More Expensive From Canada, China, and Mexico</a> 
&#8220;We are about to learn&nbsp;why a government should never&nbsp;be operated like a business,&#8221; he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are about to learn why a government should never be operated like a business.
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1885832933354647990?ref_src=twsrc%5Etfw">February 1, 2025</a></blockquote>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have buddies of mine in DC now that used to work in hedge funds or broker dealers on Wall Street and know how ridiculous these tariffs are and they won't say anything. Think about that.
&mdash; Anthony Scaramucci (@Scaramucci) <a href="https://twitter.com/Scaramucci/status/1885841561394516244?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
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Why It Matters: The tariffs, set&nbsp;to take effect on Tuesday,&nbsp;have been met with warnings from economists about potential negative impacts on American businesses and consumers
Scaramucci&#8217;s posts come at a time when political tensions are high. His call for organized dissent suggests a need for change in the current political landscape. 
His comments about the dangers of operating a government like a business could be seen as a critique of certain political ideologies that favor such an approach.
Scaramucci&#8217;s tweets have garnered significant attention, with his comments on government operation receiving over 2.7 million views. This indicates the level of public interest in his views and the broader political discourse.
Read Next
<a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future" target="_blank" rel="noreferrer noopener">Here's How Trump's Policies Might Shape The Market's Future</a>
Image: Shutterstock

Scaramucci Warns Against Trump's Tariffs, Urges Lawmakers To Take Stand: 'Crazy Nonsense'

Elon Musk is on top of the world – literally. With a <a href="https://www.benzinga.com/startups/25/01/43101102/elon-musk-the-richest-man-in-the-world-is-estimated-to-earn-over-23-million-every-single-hour-of-the-day-heres-how-hes-spending-it">net worth over $400 billion</a>, he's the richest person alive, breaking records left and right. And while some analysts think he's on track to become the world's first trillionaire, not everyone agrees.
Back in 2017, Mark Cuban threw out a bold prediction at SXSW. He said, "The world's first trillionaires are going to come from somebody who masters AI and all its derivatives and applies it in ways we never thought of." This wasn't a widely accepted idea at the time – AI was still a buzzword more than a business driver. But now? Cuban looks like he might be onto something.
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<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a></li>
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Fast forward to today, and AI has gone from niche to everywhere. In 2023, a McKinsey report showed that over 65% of organizations were using AI in some capacity, a huge jump from the 20% figure in 2017. The <a href="https://www.benzinga.com/news/25/01/43219324/chill-and-cut-your-expectations-100x-says-openai-ceo-sam-altman-we-are-not-gonna-deploy-agi-next-month-nor-have-we-built-it">industry itself has exploded</a> into a $196 billion market with a projected annual growth of 36.6%. This isn't just about better chatbots or faster customer service – AI is actively reshaping industries like health care, manufacturing and entertainment.
Take Nvidia, for example. Once just a chipmaker for gamers, it's now the most valuable company in the world, hitting a mind-boggling $3.49 trillion market cap in 2025. Its GPUs are the backbone of generative AI, powering tools like ChatGPT and other cutting-edge technologies. <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42955116/tesla-embodied-ai-robotaxi-dreams-propel-bullish-sentiment-stock-chart-flashes-mixed-signals">Companies like Tesla</a> and Amazon are also all-in on AI – whether it's powering autonomous cars or optimizing logistics for global operations.
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
But Cuban wasn't just talking about today's heavy hitters. His real point was that the trillionaire of tomorrow might be someone we've never even heard of – someone who uses AI in a way nobody has imagined. He painted a picture of a future where AI mastery could unlock impossible opportunities.
He also pointed out that the rise of AI would completely reshape the workforce. Cuban warned, &#8220;<a href="https://www.benzinga.com/personal-finance/25/01/42932626/billionaire-mark-cuban-on-college-costs-pick-the-cheapest-school-you-can-find-its-about-learning-not-prestige">whatever you are studying right now</a>, if you are not getting up to speed on deep learning, neural networks, etc., you lose." He predicted that even jobs like accounting could become fully automated. Instead, he argued that fields like philosophy might become more valuable. Why? Because understanding people, solving complex human problems and applying creative thinking could be just as critical as technical skills in an AI-driven world.
While <a href="https://www.benzinga.com/personal-finance/25/01/42919768/elon-musk-is-the-richest-man-in-the-world-leaving-jeff-bezos-trailing-237-billion-behind-being-buddies-with-trump-likely-driving-surge">Elon Musk and Jeff Bezos</a> are still favorites to hit trillionaire status first, Cuban's idea leaves room for a wild card – a garage inventor or scrappy entrepreneur who finds a way to leverage AI in truly groundbreaking ways. With AI projected to add $19.9 trillion to the global economy by 2030, the stage is set for someone to redefine wealth entirely.
Cuban's prediction? It's no longer just bold – it's starting to look inevitable.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
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Personal Finance

Mark Cuban Predicts The World's First Trillionaire Won't Be Elon Musk – It'll Be Whoever Can Master Ai 'In Ways We Never Thought Of'

Following President Donald Trump's Saturday <a href="https://www.benzinga.com/markets/25/02/43423087/canada-retaliates-against-trumps-tariffs-with-countermeasures-25-tariffs-on-107-billion-of-us-made-goods">executive order</a> imposing steep tariffs on imports from Mexico, Canada and China, Mexican President <a href="https://www.benzinga.com/markets/cannabis/25/01/42895985/trump-and-mexican-president-sheinbaum-spirited-clash-over-territorial-renaming-tariffs-and-cartels">Claudia Sheinbaum</a> swiftly implemented reciprocal measures.
Sheinbaum instructed Economy Secretary Marcelo Ebrard to activate Mexico's contingency strategy. "To implement Plan B that we have been working on, which includes tariff and non-tariff measures in defense of the interests of our country," she said, <a href="https://www.informador.mx/mexico/Claudia-Sheinbaum-responde-con-aranceles-llama-al-dialogo-a-Trump-20250202-0022.html">according</a> to Spanish language Informador.Mx.
<h2 class="wp-block-heading">Mexico Calls For Dialogue, Rejects Confrontation</h2>
Despite the retaliatory action, Sheinbaum said Mexico was not seeking conflict with the U.S. "Mexico wants shared collaboration between neighboring countries," she said, urging Trump to establish a dialogue to formulate a cooperative strategy. The goal, Sheinbaum said, is to jointly tackle <a href="https://www.benzinga.com/markets/cannabis/24/07/39977603/merrick-garland-confirms-arrest-of-mexicos-sinaloa-cartel-leader-and-son-of-infamous-el-chapo-gu">organized crime</a> and <a href="https://www.benzinga.com/markets/cannabis/23/07/33172948/fentanyl-and-cartel-drug-trafficking-treasury-official-heads-to-mexican-border-to-meet-officials">fentanyl trafficking</a>, issues central to Trump's rationale for the tariff increase on Mexico.
"It is not with the imposition of tariffs that problems are solved, but by talk and dialogue as we did in recent weeks with your State Department," Sheinbaum said directly to Trump. She noted that Trump's own data on reduced migration stemmed from figures provided by the Mexican government.
<h2 class="wp-block-heading">Who Will Suffer Most? </h2>
Mexico relies heavily on trade with the U.S., with over 80% of its exports &#8211; cars, machinery, produce and medical equipment &#8211; heading north, making up 15% of total U.S. imports, <a href="https://www.cfr.org/article/what-trumps-trade-war-would-mean-nine-charts">noted</a> the Council on Foreign Relations. This dependence is strongest in several northern industrial states, which account for nearly half of Mexico's U.S.-bound exports, valued at over $200 billion annually.
The tariffs could shrink Mexico's GDP by 16%, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43398182/trumps-25-tariffs-could-slaughter-canada-mexico-economies-hit-us-auto-industry-analysts-warn">hitting the auto industry hardest</a>, as 80% of Mexico's 2.5 million car exports go to the U.S. The energy sector would also suffer, with the U.S. receiving 60% of Mexico's crude oil exports while supplying over 70% of Mexico's refined fuel. Tariffs could drive up fuel costs, straining Mexico's economy.
In terms of the auto industry, the U.S. imports more from Mexico and Canada than any other sector, <a href="https://www.wsj.com/business/autos/tariff-threat-canada-mexico-prompts-automakers-to-find-new-suppliers-consider-higher-prices-13930394">according</a> to the Wall Street Journal. That would be about $147 billion in passenger vehicles and auto parts from Mexico in 2023 and nearly $60 billion from Canada.&nbsp;
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), for starters, both have manufacturing operations in Mexico that produce vehicles and components for the U.S. market and rely on Mexican facilities for assembling various car models and parts.
So, to answer the question of who will suffer most: "Mexico faces a condition of extreme weakness, since the economy did not close well last year," said Miguel Landeros, president of the Mexican Council of Foreign Trade, per the Mexican newspaper.
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43398182/trumps-25-tariffs-could-slaughter-canada-mexico-economies-hit-us-auto-industry-analysts-warn">Trump&#8217;s 25% Tariffs Could Slaughter Canada, Mexico Economies, Hit US Auto Industry, Analysts Warn</a></li>
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Photo: Shutterstock

Cannabis

Government

Economics

Mexican President To Trump: Let's Jointly Tackle Border Issues Though We Will Counter Tariffs

Jensen Huang, the CEO of Nvidia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), has revealed that he uses AI chatbots to create initial drafts.
What Happened: Huang, who leads a company known for producing high-performance&nbsp;computer chips that power AI&nbsp;large language models, uses a&nbsp;variety of chatbots, including&nbsp;Google&#8217;s Gemini and OpenAI&#8217;s ChatGPT.&nbsp;
&#8220;I give it a basic outline, give it some PDFs of my previous talks, and I get it to write my first draft,&#8221; CNBC quoted Huang sharing <a href="https://www.cnbc.com/2025/01/31/nvidia-ceo-jensen-huang-i-use-ai-chatbots-to-write-my-first-drafts.html">at</a> a recent Wired event. He added saying, &#8220;It's really fantastic.&#8221;
A study indicates that the most prevalent uses&nbsp;of chatbots across all job&nbsp;levels are idea generation, information consolidation, and basic task automation. 
Also Read: <a href="https://www.benzinga.com/tech/24/11/41869577/nvidias-huang-sees-ai-employees-on-the-horizon">Nvidia&#8217;s Huang Sees AI Employees On The Horizon</a>
However, experts advise using AI&nbsp;more as a research and&nbsp;brainstorming tool due to occasional inaccuracies in chatbot responses.
Despite recent challenges, Nvidia continues to be a significant player in the AI industry. Huang anticipates that humans will soon collaborate with AI &#8220;agents,&#8221; which could join the workforce as early as this year, according to a blog post by Altman.
Why It Matters: The use of AI chatbots by industry leaders like Huang highlights the growing acceptance and integration of AI in everyday tasks.
This trend is expected to continue as AI technology improves and becomes more accessible.
Read Next
<a href="https://www.benzinga.com/news/24/06/39445453/jensen-huang-and-nvidia-riding-high-on-ai-but-for-how-long" target="_blank" rel="noreferrer noopener">Jensen Huang And Nvidia: Riding High On AI, But For How Long?</a>
Image: Shutterstock

Tech

NVDA

Here's How Nvidia's Jensen Huang Uses AI To Work Smarter and Get More Done

As we wrap up another eventful week, the headlines were dominated by President Donald Trump&#8216;s tariff decisions, the Federal Reserve&#8217;s interest rate moves, and billionaire investor Ray Dalio&#8216;s take on America&#8217;s debt crisis. Let&#8217;s dive into the top stories that shaped the market landscape.
Trump Imposes 25% Tariffs on Canada, Mexico&nbsp;&#8211; The week kicked off with President Trump confirming the imposition of 25% tariffs on imports from Canada and Mexico starting February 1. The move is a response to concerns over illegal immigration, trade deficits, and fentanyl trafficking from both countries. The U.S. imported $429.6 billion in goods from Canada and $480 billion from Mexico in 2023, making Mexico the largest U.S. trading partner in terms of imports.&nbsp;<a href="https://www.benzinga.com/government/regulations/25/01/43353698/trump-slaps-25-tariffs-on-canada-mexico-loonie-peso-slide-oil-climbs">Read the full article here.</a>
Trump&#8217;s Potential Tariffs on Colombia Stir Inflation Worries&nbsp;&#8211; President Trump&#8217;s announcement of potential 50% tariffs on Colombian imports has sparked fresh inflation concerns. Rep. Alexandria Ocasio-Cortez criticized the proposed tariffs, arguing they would exacerbate inflation for working-class Americans. The tariff threat came after Colombia&#8217;s President Gustavo Petro denied entry to two U.S. repatriation flights carrying Colombian migrants.&nbsp;<a href="https://www.benzinga.com/news/25/01/43220073/trump-is-about-to-make-americans-pay-even-more-for-coffee-to-punish-colombia-says-aoc-he-is-all-about-making-inflation-worse">Read the full article here.</a>
Fed Holds Interest Rates Steady&nbsp;&#8211; The Federal Reserve decided to keep interest rates unchanged at its Wednesday meeting, ending a streak of three consecutive rate cuts that began in September. The federal funds rate remains in a target range of 4.25% to 4.5%.&nbsp;<a href="https://www.benzinga.com/25/01/43316048/fed-holds-interest-rates-steady-halts-streak-of-consecutive-cuts-as-inflation-remains-elevated">Read the full article here.</a>
Trump Criticizes Fed&#8217;s Handling of Inflation&nbsp;&#8211; Following the Fed&#8217;s decision to hold interest rates steady, President Trump criticized the Federal Reserve's handling of inflation and banking regulation. Trump pledged to combat inflation through expanded energy production and regulatory cuts if elected.&nbsp;<a href="https://www.benzinga.com/markets/25/01/43325490/trump-slams-feds-terrible-job-on-bank-regulation-after-rate-hold-vows-to-unleash-lending-for-all-american-people">Read the full article here.</a>
Ray Dalio Proposes &#8216;3% Solution&#8217; to Tackle America&#8217;s Debt Crisis &#8211; Billionaire investor Ray Dalio called for urgent measures to address the mounting U.S. federal debt crisis. He proposed reducing the deficit to 3% of gross domestic product from its current level of nearly 7%. The U.S. federal debt has surged to $36.4 trillion against a GDP of $29.1 trillion. <a href="https://www.benzinga.com/news/25/01/43328856/ray-dalio-backs-trumps-interest-rate-cut-proposes-3-solution-to-tackle-36-trillion-americas-debt-crisis">Read the full article here.</a>
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 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

General

Trump's Tariffs, Fed Rate Decisions, And America's Debt Crisis: This Week In Economics

The week was a whirlwind of activity in the cryptocurrency world. From leadership changes to bold predictions, meme coins continued to make headlines. Here&#8217;s a quick recap of the top stories that shaped the crypto landscape over the weekend.
Shytoshi Kusama Steps Down as Shiba Inu Lead
Shytoshi Kusama, the enigmatic leader of the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) ecosystem, announced his departure from the role on Sunday. Kusama, who has managed to keep his real identity a secret, stated that the project now requires more execution and communication than vision. He expressed satisfaction with his accomplishments, noting that Shiba Inu remains among the top 20 tokens and has recorded 800 million flawless transactions on Shibarium. <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43220991/shytoshi-kusama-steps-down-as-shiba-inu-lead-accomplished-my-initial-goal-with-flying-colors-heres-whats-next-for-the-masked-visionary">Read the full article here.</a>
Analyst Predicts 200% Surge for Dogecoin and Shiba Inu Competitor
A prominent crypto analyst, known as Inmortal, has forecasted a significant rally for Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), a competitor of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu. According to Inmortal, Floki&#8217;s Relative Strength Index (RSI) pattern mirrors one that previously resulted in a 200% price surge. <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43420393/analyst-forecasts-mammoth-200-surge-for-this-dogecoin-and-shiba-inu-competitor">Read the full article here.</a>
Cathie Wood Passes On Trump Meme Coin
The meme coin Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>), associated with President Donald Trump, has been making waves in the crypto sector since its launch ahead of the Jan. 20 inauguration day. A recent poll reveals that investors are divided on whether they would consider buying the meme coin. <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43255291/cathie-wood-passes-on-trump-meme-coin-poll-shows-investors-split-with-58-saying-this">Read the full article here.</a>
Dogecoin Sentiment Improves After ETF Application
Dogecoin has piqued the interest of traders following the first application for a Dogecoin spot exchange-traded fund. Technical analyst Kevin believes that Dogecoin is set for an "explosive" move upward once Bitcoin regains momentum.&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43333080/dogecoin-sentiment-improves-after-etf-applicationwhen-will-the-explosive-move-come">Read the full article here.</a>
Mark Cuban Proposes National Debt Meme Coin
Billionaire Mark Cuban, known for his mixed views on meme coins, recently proposed the launch of a meme coin to help pay off the United States debt. This comes after witnessing the success of the Trump coin. A reader poll reveals whether people would consider buying such a coin. <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43218851/mark-cuban-proposes-national-debt-meme-coin-70-take-clear-side">Read the full article here.</a>
Image via Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

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

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$TRUMP

Shiba Inu's Shytoshi Steps Down, Dogecoin ETF Application And More: Top Crypto Updates This Week:

Real estate developer Sean Sweeney has ignited a lively debate on X by suggesting that Donald Trump and Elon Musk – two of the world's most prominent figures – are bound to turn into &#8220;full-fledged enemies&#8221; within the next 12 to 24 months. He's willing to put his money where his mouth is, sparking bets from other casual observers.
<h2 class="wp-block-heading">Betting on a Bromance Breakup</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">How do I short Trump &amp; Elon&#39;s relationship? Is there a bet I can place or a financial instrument I can buy? Willing to put up a big $$ bet that they are full fledged enemies in 12-24 months.
&mdash; Sean Sweeney (@seandsweeney) <a href="https://twitter.com/seandsweeney/status/1882160788837908486?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote>
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Sean's original tweet read: "How do I short Trump &amp; Elon's relationship? Is there a bet I can place or a financial instrument I can buy? Willing to put up a big $$ bet that they are full-fledged enemies in 12-24 months."&nbsp;
He followed up, explaining that he's not making a political judgment but simply believes their larger-than-life personalities &#8220;can&#8217;t coexist peacefully for too long.&#8221;&nbsp;
The tweet blew up, prompting users to weigh in with opinions, humor and even cash.
So far, Sean has racked up $7,000 in bets. One notable wager involves $5,000 riding on whether Musk and Trump remain friends over the next 18 months. Sean pays up if they're still on good terms; if not, his opponent loses. Another smaller bet for $100 will be determined by a Twitter poll in mid-2026 asking followers if Musk and Trump are &#8220;still on the same page.&#8221; Other bets have ranged from $500 to tickets to a game.
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
<h2 class="wp-block-heading">Why People Think It's Inevitable</h2>
A lot of people agree with Sean's prediction. They point out that Musk and Trump have clashed before and that their big personalities could create problems. Some noted that Trump isn't known for sharing the spotlight, while Musk's bluntness and work ethic could clash with Trump's style. Comments like, "Trump's really not gonna like sharing the spotlight with Elon," and "They are both alphas, so there&#8217;s that" echoed these sentiments.
Sweeney himself doubled down on his confidence, stating, "I don't know much about politics, but I read people for a living and trust my judgment 100%. Their fight seems like as close to a sure thing as I&#8217;ve seen in a while."
Trending: According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a>
<h2 class="wp-block-heading">A History of Ups and Downs</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump weighs in on the Twitter v Elon drama <a href="https://t.co/b4lJUC2JgC">pic.twitter.com/b4lJUC2JgC</a>
&mdash; Ramp Capital (@RampCapitalLLC) <a href="https://twitter.com/RampCapitalLLC/status/1546997700062846976?ref_src=twsrc%5Etfw">July 12, 2022</a></blockquote>
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The bets aren't entirely unfounded. Trump and Musk have a history of both cooperation and public disputes:
<ul>
<li>In 2016, Musk criticized Trump as unfit for office but later joined his economic advisory council.</li>
<li>In 2017, <a href="https://x.com/elonmusk/status/870369915894546432">Musk quit</a> the council over Trump's withdrawal from the Paris Climate Agreement.</li>
<li>In 2022, Trump called Musk a "bulls&#x2A;&#x2A;&#x2A; artist," making Musk fire back on social media.</li>
</ul>
Fast forward to 2024. Musk and Trump's relationship strengthened after Musk publicly backed Trump during his campaign and <a href="https://www.benzinga.com/news/24/10/41507080/justice-department-flags-potential-legal-issues-with-elon-musk-backed-1m-voter-giveaway-america-pac">formed the &#8220;America PAC&#8221;</a> to support his policies. Musk even referred to himself as Trump's "First Buddy."
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But now, some reports say their relationship might already be cracking. Trump is reportedly annoyed with Musk over disagreements about immigration policies, leading some to wonder if their friendship&#8217;s &#8220;honeymoon phase&#8221; is over.
The drama took another twist with the announcement of a $500 billion AI project called Stargate, led by Musk's rival, Sam Altman. Musk wasn't part of the project and <a href="https://www.benzinga.com/markets/equities/25/01/43121798/elon-musk-says-project-stargate-doesnt-actually-have-the-money-after-trump-announces-500-billion-ai-investment-led-by-softbank-oracle-and-openai">criticized it online</a>, saying it doesn't have enough money to back it up. While this doesn't directly involve Trump, it shows how Musk's competitive side might cause issues even with his allies.
Beyond the drama, the relationship between Musk and Trump matters to investors. Tesla's stock has gone up significantly since Trump's election win. People on Wall Street believe Trump's policies will help Musk's businesses, like Tesla's plan to launch self-driving robotaxis. However, if Musk and Trump's relationship sours, it could have a big effect on those projects and on Tesla's stock.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Entrepreneur Sparks Debate Over Betting That Musk And Trump Will Turn Into 'Full-Fledged Enemies' – People Are Already Taking The Bet

The past week has been a whirlwind for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a slew of significant developments. From a surprising partnership with SpaceX and T-Mobile to bring Starlink satellite texting to iPhones, to CEO Tim Cook&#8217;s praise for China&#8217;s DeepSeek, the tech giant has been making headlines. Amidst these developments, Apple also navigated tariff concerns, delivered better-than-expected results, and released an urgent security fix for iOS. Let&#8217;s dive into the details.
Apple Teams Up with SpaceX and T-Mobile for Starlink Satellite Texting
In an unexpected move, Apple has collaborated with Elon Musk&#8217;s SpaceX and T-Mobile US Inc. to integrate Starlink satellite texting capabilities into iPhones. The new feature is part of the latest iPhone software update, iOS 18.3, and T-Mobile has initiated a limited beta test for some iPhone users to experience the Starlink service.&nbsp;<a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature">Read the full article here.</a>
Tim Cook Lauds China&#8217;s DeepSeek
During Apple&#8217;s first-quarter earnings call, CEO Cook praised DeepSeek, a China-based AI startup. The conversation revolved around the perception that Cupertino is benefiting from lower compute costs and how changes in the cost landscape could impact Apple&#8217;s margins. <a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure">Read the full article here.</a>
Apple&#8217;s Stance on Trump&#8217;s Tariff Policies
In the same earnings call, Cook was questioned about the potential impact of President Donald Trump's tariff policies on Apple. Cook remained tight-lipped, stating, "We are monitoring the situation and don't have anything more to add than that." This comes as Apple navigates a complex global market, where tariffs could significantly impact its supply chain and pricing strategies.&nbsp;<a href="https://www.benzinga.com/markets/25/01/43377131/tim-cook-wont-say-how-apple-plans-to-handle-trumps-tariff-policies-but-heres-whats-at-stake-for-the-iphone-maker">Read the full article here.</a>
Apple&#8217;s Better-Than-Expected Results
Apple delivered better-than-expected fiscal first-quarter results, with revenue of $124.3 billion, slightly exceeding analyst estimates. Despite some weakness in iPhone sales, particularly in China, Gene Munster of Deepwater Asset Management suggested that the quarter wasn't as disappointing as initial numbers indicated.&nbsp;<a href="https://www.benzinga.com/markets/equities/25/01/43374851/gene-munster-says-apples-mess-wasnt-as-big-as-it-looked-as-iphone-maker-delivers-better-than-expected-results">Read the full article here.</a>
Urgent Security Fixes in iOS 18.3
Apple has released iOS 18.3, addressing 29 security vulnerabilities, one of which was already being actively exploited. The update is crucial for all iPhone users to ensure the security of their devices. <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately">Read the full article here.</a>
Image via Shutterstock
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

AAPL

Apple's Big Week: Starlink Partnership, Deepseek Praise, Tariff Concerns, Earnings Beat And Urgent Security Fixes

New Defense Secretary Pete Hegseth brings cryptocurrency holdings to the Pentagon&#8217;s top post, with financial disclosures showing he owns between $5,000 and $15,000 in Bitcoin amid his broader support for digital assets.
&#8220;Look at [Donald] Trump, making bitcoin great again,&#8221; Hegseth said during a Fox News segment in November after Bitcoin initially surged past $80,000. &#8220;All it took was signaling to that market that they weren&#8217;t going to be overregulated. Trump embraced them.&#8221;
The Senate <a href="https://www.benzinga.com/news/25/01/43214563/pete-hegseth-confirmed-as-defense-secretary-after-historic-senate-tie-break-by-vp-vance">confirmed Hegseth as defense secretary</a> Friday in a 50-50 vote, with Vice President JD Vance breaking the tie. The narrow victory came despite concerns about his qualifications and personal conduct, marking only the second time a vice president has cast a deciding vote for a Cabinet nominee.
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Financial records released Jan. 13 show Hegseth earned over $5 million in the past two years, mostly from his Fox News hosting role and speaking engagements. Beyond his Bitcoin holdings, the documents reveal he collected $4.6 million from Fox News and up to $1 million from a Baltimore rental property.
The Army veteran and former Fox &amp; Friends Weekend host has openly backed cryptocurrency, praising its independence from government control.&nbsp;
During Coinbase Global's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) 2021 IPO, he called it the &#8220;tip of the iceberg&#8221; for digital currency adoption.
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&#8220;Crypto has arrived. Bitcoin is not a person, it&#8217;s not a company, it&#8217;s not a place. It&#8217;s tougher to stop than you would think,&#8221; Hegseth said at the time, according to cryptocurrency publication The Block.
Hegseth takes control of the Pentagon as <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43250479/bitcoin-wobbles-around-100000-what-is-technical-analysis-saying">Bitcoin trades around $100,000</a>, potentially reacting to shifting political winds. His dual role as both a Bitcoin investor and America&#8217;s new defense chief arrives as digital assets face less scrutiny from the federal government.&nbsp;
The position puts him among the highest-ranking U.S. officials to publicly hold cryptocurrency, though his Bitcoin stake represents a small portion of his multimillion-dollar portfolio.&nbsp;
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<li>According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a></li>
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COIN

How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer

The week was a rollercoaster ride for the tech industry, with significant developments in the AI sector and the stock market. The emergence of China&#8217;s DeepSeek R1 artificial intelligence model coincided with a $600 billion decline in Nvidia&#8217;s market value. Meanwhile, Alibaba unveiled a new AI model, and Nvidia&#8217;s CEO shared his vision for a future dominated by robotics. Here&#8217;s a recap of the top stories.
Nvidia Acknowledges DeepSeek Amid Market Value Plunge
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has recognized the potential of China&#8217;s DeepSeek R1 artificial intelligence model. This acknowledgment came as DeepSeek&#8217;s open-source AI model, developed for under $6 million, reportedly outperformed leading U.S. models like those from OpenAI. The news triggered a broader tech selloff, with Nvidia shares falling 17% and AI infrastructure stocks tumbling over 20%. <a href="https://www.benzinga.com/markets/equities/25/01/43256425/nvidia-says-deepseek-an-illustration-of-how-new-ai-models-can-be-created-while-being-export-control-compliant-amid-600-billion-market-value-plunge">Read the full article here.</a>
Black Swan Author Warns of Market Rout
Nassim Taleb, author of &#8220;Black Swan,&#8221; has warned investors about the fragility of wealth concentration in technology stocks, particularly highlighting Nvidia following its recent 17% decline. Taleb cautioned that the electric vehicle sector could follow a similar trajectory, citing historical examples such as General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>). <a href="https://www.benzinga.com/markets/equities/25/01/43296517/black-swan-author-nassim-taleb-nvidias-17-drop-on-monday-is-just-the-beginning-says-electric-cars-are-next-noting-pioneers-with-innovative-ideas-never-made-money">Read the full article here.</a>
Alibaba Unveils Advanced AI Model
Chinese e-commerce giant Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) released a new family of AI models, Qwen2.5-VL, that can parse files, comprehend videos, count objects in images, and control a PC. This model is similar to the one powering OpenAI's recently launched Operator. <a href="https://www.benzinga.com/25/01/43260751/alibaba-unveils-advanced-ai-model-amid-us-tech-sell-off-triggered-by-deepseeks-performance">Read the full article here.</a>
Nvidia CEO Envisions Robotic Future
Nvidia CEO Jensen Huang predicts a future dominated by robotics and artificial intelligence. &#8220;Everything that moves will be robotic someday, and it will be soon,&#8221; Huang said, describing a world where autonomous vehicles and robotic assistance become commonplace. <a href="https://www.benzinga.com/markets/equities/25/01/43258826/jensen-huang-says-everything-that-moves-will-be-robotic-soon-as-nvidia-ceo-envisions-star-wars-inspired-r2-d2-personal-assistants-and-humanoid-robots">Read the full article here.</a>
Nvidia RTX 5090 And 5080 Sell Out Instantly
Nvidia Corporation launched its RTX 5090 and 5080 graphics cards, only to see them sell out almost immediately. The highly anticipated Nvidia Series 5000 GPUs sold out rapidly, leaving many gamers frustrated. <a href="https://www.benzinga.com/25/01/43378899/nvidia-rtx-5090-and-5080-sell-out-instantlyscalpers-jack-up-prices-to-6000-as-gamers-face-paper-launch-frustration">Read the full article here.</a>
Image created using artificial intelligence via Midjourney.
 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/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a>

BABA

Nvidia On DeepSeek Success, Alibaba Unveils Advanced AI Model And More: This Week In Artificial Intelligence

Noted investor and author Robert Kiyosaki has forecast a potential Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) crash, which he sees as a chance to <a href="https://www.benzinga.com/news/global/24/12/42638862/kiyosaki-warns-of-global-financial-crisis-protect-your-wealth-by-investing-in-real-assets">amass more wealth</a>.
What Happened: Kiyosaki, known for his best-seller &#8220;Rich Dad Poor Dad,&#8221; warned of a possible Bitcoin crash. This warning came after a 4.20% decline in the leading cryptocurrency, which fell below its $106,000 price point on Friday.
Kiyosaki&#8217;s cautionary statement was a reaction to U.S. President&nbsp;Donald Trump&#8216;s decision to impose 25% tariffs on U.S. trade partners Canada and Mexico, and a 10% tariff on China. 
This decision resulted in a 300 point (0.7%) fall in&nbsp;the Dow Jones Industrial Average&nbsp;index, and significant losses for the S&amp;P&nbsp;500 and the Nasdaq 100.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43219306/robert-kiyosaki-foresees-bitcoin-surpassing-us-dollar-as-good-money">Robert Kiyosaki Foresees Bitcoin Surpassing US Dollar As &#8216;Good Money&#8217;</a>
In a post on X, Kiyosaki said, &#8220;Trump&nbsp;tariffs begin: gold, silver, Bitcoin&nbsp;may crash.&#8221; He indicated his plan to purchase more Bitcoin if prices plummet, seeing it as an opportunity to grow his wealth. However, he also pointed out the U.S. national debt as a major problem that Bitcoin might not be able to address.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TRUMP TARRIFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.
&mdash; Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1885419383184646482?ref_src=twsrc%5Etfw">January 31, 2025</a></blockquote>
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Despite Kiyosaki&#8217;s warning, Bitcoin has started to rebound, and the effects on gold and silver have been negligible. The U.S. national debt, on the other hand, continues to escalate, surpassing $36.4 trillion.
Why It Matters: Kiyosaki&#8217;s prediction of a Bitcoin crash and his intention to buy more of the cryptocurrency if prices fall, highlight the volatility and potential opportunities in the crypto market. His comments also underscore the ongoing concerns about the U.S. national debt, which continues to soar despite economic measures. 
While Bitcoin has started to recover, the impact of the tariffs and the national debt on the economy and the crypto market remain to be seen.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804530/robert-kiyosaki-predicts-massive-market-crash-save-gold-silver-bitcoin-crash-is-here" target="_blank" rel="noreferrer noopener">Robert Kiyosaki Predicts Massive Market Crash: ‘Save Gold, Silver, &amp; Bitcoin, Crash Is Here'</a>

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$BTC

Robert Kiyosaki Predicts Gold, Silver, Bitcoin Crash Over Trump's Tariffs—Says It's A Buying Moment

The week has been a rollercoaster ride for the electric vehicle (EV) industry, with significant developments from Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>). From potential tax cuts to autonomous driving advancements and controversial comments, here&#8217;s a recap of the top stories.
Trump&#8217;s Tax Cuts Could Supercharge Tesla&#8217;s Earnings
According to Gary Black, Managing Partner at The Future Fund, a proposed reduction in the corporate tax rate could significantly boost Tesla&#8217;s earnings per share (EPS) for FY25. Black noted that Tesla&#8217;s current statutory tax rate is 21%, and a drop to 15% could add $0.12 to Tesla&#8217;s EPS this fiscal year, marking an increase of about 4%. <a href="https://www.benzinga.com/tech/25/01/43259304/trumps-proposed-corporate-tax-cuts-could-boost-teslas-fy25-eps-by-4-says-analyst">Read the full article here.</a>
Waymo Outshines Tesla in Robotaxi Race
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, highlighted the significant challenges facing Tesla&#8217;s Full Self-Driving system while praising competitor Waymo&#8217;s autonomous driving technology. Gerber pointed to Waymo&#8217;s growing presence in the robotaxi space, stating, &#8220;Waymo waymos everywhere. Driving flawlessly, with confidence. Robotaxi is here… and it's called Waymo.&#8221; <a href="https://www.benzinga.com/markets/equities/25/01/43373930/ross-gerber-says-robotaxi-is-here-and-it-is-a-waymo-from-google-highlights-teslas-severe-hardware-limitations">Read the full article here.</a>
Rivian CEO Unfazed by EV Tax Credit Concerns
Rivian CEO RJ Scaringe downplayed concerns that Donald Trump's proposed elimination of the $7,500 EV federal tax credit could mark the end of electric vehicles. Scaringe believes that while the end of the credits could be bad for legacy automakers, it would only be a &#8220;small speed bump&#8221; for Rivian and the entire EV sector. <a href="https://www.benzinga.com/25/01/43279098/rivian-ceo-brushes-off-7500-electric-vehicle-tax-credit-concerns-evs-are-not-a-political-thing">Read the full article here.</a>
Tesla Faces Boycott Call in Poland Over Musk&#8217;s WWII Comments
A Polish government official has called for a boycott of Tesla vehicles in the country following controversial comments made by CEO Elon Musk at a rally for the German far-right Alternative for Germany party.&nbsp;<a href="https://www.benzinga.com/news/global/25/01/43251316/tesla-faces-boycott-call-in-poland-over-musks-wwii-comments">Read the full article here.</a>
Tesla&#8217;s Optimus Robot Could Be a Game-Changer
Elon Musk revealed that Tesla intends to make several thousand units of its Optimus humanoid robot this year for deployment in its own factory. Musk also hinted at the possibility of selling the robot to rival companies in the future, stating, &#8220;I think long-term Optimus has the potential to be north of $10 trillion in revenue. Like, it's real bananas.&#8221;&nbsp;<a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">Read the full article here.</a>
 This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/navdeep-yadav" target="_blank" rel="noopener">Navdeep Yadav.</a> 
Image via Tesla

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TSLA

Trump's Tax Cuts Could Boost Tesla's Earnings, Rivian CEO Unfazed By EV Tax Credit Concerns And More: This Week In Mobility

President Donald Trump has imposed hefty tariffs on the United States&#8217; three largest trading <a href="https://www.benzinga.com/markets/25/01/42805331/heres-how-trump-could-wipe-out-40-of-teslas-profits-after-taking-office-according-to-jpmorgan-analyst">partners: Canada, China and Mexico</a>.
What Happened: The tariffs imposed by Trump on Saturday include a 25% duty on all imports from Mexico and most goods from Canada, excluding energy-related items such as crude oil, which will see a 10% tariff. Additionally, a 10% tariff will be levied on Chinese goods imported into the United States.
The tariffs, set to take effect on Tuesday, have been met with warnings from economists about potential negative impacts on American businesses and consumers, <a href="https://edition.cnn.com/2025/02/01/economy/trump-tariffs-mexico-canada-china-increased-costs/index.html">reports</a> CNN.
The US Chamber of Commerce has warned that these tariffs could disrupt supply chains and lead to increased prices for American families. Sung Won Sohn, a professor of finance and economics at Loyola Marymount University, stated, &#8220;Consumers are going to be clearly worse off.&#8221;
Approximately&nbsp;one-third of US imports come&nbsp;from the three countries targeted by Trump&#8217;s tariffs. These imports include everyday items such as fruits,&nbsp;vegetables, meat, gas, automobiles, electronics,&nbsp;toys, clothing, lumber, and beer&nbsp;and spirits.
Also Read: <a href="https://www.benzinga.com/markets/24/11/41869001/heres-how-trumps-policies-might-shape-the-markets-future">Here&#8217;s How Trump&#8217;s Policies Might Shape The Market&#8217;s Future</a>
The new tariffs could make agricultural products from Mexico and Canada more expensive for US consumers.&nbsp;Last year, the US imported&nbsp;$46 billion worth&nbsp;of agricultural products from Mexico,&nbsp;according to USDA data.
The US also&nbsp;imported $97 billion worth of&nbsp;oil and gas from Canada&nbsp;last year. The 10%&nbsp;tariff on Canadian energy products&nbsp;could&nbsp;limit the impact on gasoline&nbsp;prices.
The auto sector could be significantly affected by the tariffs, potentially wiping out cost savings for US car companies that have shifted production to Mexico. 
The tariffs could also increase&nbsp;the cost of imported construction&nbsp;materials by $3 billion to&nbsp;$4 billion, as per&nbsp;the National Association of Home&nbsp;Builders.
Consumer electronics, home appliances, toys, and footwear, most of which are imported from China, are also at risk due to Trump&#8217;s tariff threats.
Why It Matters: The tariffs could have a significant impact on the US economy, affecting everything from the price of everyday goods to the cost of production for major industries. 
The potential disruption of supply chains could also lead to job losses and economic instability. The full impact of these tariffs will only become clear in the coming months.
Read Next
<a href="https://www.benzinga.com/markets/25/01/43219264/trumps-tariff-plans-ignite-market-rally-pushing-stocks-to-record-highs">Trump&#8217;s Tariff Plans Ignite Market Rally, Pushing Stocks To Record Highs</a>
Image: Shutterstock

Trump's Tariffs Are Here. Here's What Will Get More Expensive From Canada, China, and Mexico

These ten mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Akero Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKRO#NASDAQ">AKRO</a>) shares surged 106.57% after the company reported preliminary Week 96 results from its SYMMETRY <a href="https://www.benzinga.com//node/43231670" target="_blank" rel="noreferrer noopener">Phase 2B study of Efruxifermin</a>. Several analysts <a href="https://www.benzinga.com/quote/akro/analyst-ratings" target="_blank" rel="noreferrer noopener">boosted the price forecast</a>.</li>
<li>Surgery Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGRY#NASDAQ">SGRY</a>) stock increased 25.44%  after the company announced it received a non-binding acquisition <a href="https://www.benzinga.com//node/43281237" target="_blank" rel="noreferrer noopener">proposal from </a><a href="https://www.benzinga.com//node/43281237" target="_blank" rel="noreferrer noopener">Bain Capital Private Equity</a>.</li>
<li>Flagstar Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLG#NYSE">FLG</a>) shares rose 24.40% fter the company reported <a href="https://www.benzinga.com//node/43330170" target="_blank" rel="noreferrer noopener">better-than-expected financial results</a>. Barclays analyst Jared Shaw maintained an Overweight and raised the<a href="https://www.benzinga.com/quote/flg/analyst-ratings" target="_blank" rel="noreferrer noopener"> price forecast from $13 to $14</a>.</li>
<li>Nextracker Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) shares escalated 22.98% after the company reported better-than-expected 2025 fiscal-year third-quarter financial results and raised its guidance. Several analysts <a href="https://www.benzinga.com//node/43319444" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>Brighthouse Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHF#NASDAQ">BHF</a>) shares are up 21.76% following a report suggesting that the company <a href="https://www.benzinga.com//node/43275032" target="_blank" rel="noreferrer noopener">is exploring a potential sale</a>. Barclays analyst Alex Scott upgraded the company from Equal-Weight to Overweight and <a href="https://www.benzinga.com/quote/bhf/analyst-ratings" target="_blank" rel="noreferrer noopener">raised the price forecast from $52 to $85</a>.</li>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) stock upped 21.72% after the company reported better-than-expected second-quarter results and several <a href="https://www.benzinga.com//node/43335877" target="_blank" rel="noreferrer noopener">analysts changed their price forecasts</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) shares were up 20.76%.</li>
<li>Oshkosh Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) shares surged 19.38% after the company beat fourth-quarter estimates, initiated FY25 EPS guidance above expectations, and raised <a href="https://www.benzinga.com//node/43331819" target="_blank" rel="noreferrer noopener">its quarterly dividend by 11%</a>. Analysts boosted the <a href="https://www.benzinga.com/quote/osk/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Kingsoft Cloud Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) stock upped 16.50%, probably due to the Lunar New Year, recent AI developments in China and government efforts to boost markets.</li>
<li>Viavi Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) stock jumped 14.78% after the company reported better-than-expected <a href="https://www.benzinga.com//node/43353084" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423005/alibaba-ibm-and-duolingo-are-among-top-0large-cap-gainers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423086/nvidia-teva-pharmaceutical-and-ups-are-among-top-large-cap-losers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">NVIDIA, Teva Pharmaceutical And UPS Are Among Top Large Cap Losers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
</ul>
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Equities

Mid Cap

Movers

Trading Ideas

AKRO

Brighthouse Financial, Inc. - Common Stock

Hims & Hers Health, Inc. Class A Common Stock

HIMS

SGRY

VIAV

Akero Therapeutics, Brinker International And Viavi Are Among Top Mid Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

The White House said the National Security Council is reviewing the implications of&nbsp;DeepSeek, a Chinese AI firm.&nbsp;The review comes amid fears of intellectual property theft, a concern raised by&nbsp;David Sacks, the White <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks" target="_blank" rel="noreferrer noopener">House's AI and crypto czar</a>.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&nbsp;is reportedly considering purchasing a property in Washington DC as part of his strategy to work <a target="_blank" href="https://www.benzinga.com/25/01/43296858/mark-zuckerberg-reportedly-explores-buying-property-in-washington-dc-as-meta-ceo-looks-to-work-closely-with-trump" rel="noreferrer noopener">closely with President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43296858/mark-zuckerberg-reportedly-explores-buying-property-in-washington-dc-as-meta-ceo-looks-to-work-closely-with-trump" rel="noreferrer noopener">Donald Trump</a>.
Earnings Results
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;reported second-quarter GAAP earnings of $3.23 per share, beating the $3.11 consensus estimate. Quarterly revenue clocked in at $69.6 billion, beating the $68.78 <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details" rel="noreferrer noopener">billion analyst consensus estimate</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43327016/microsoft-ceo-satya-nadella-accepts-deepseek-ai-has-some-real-innovations-but-wont-say-if-they-mark-a-turning-point-for-ai-cost-reduction" rel="noreferrer noopener">Microsoft CEO Satya Nadella Accepts DeepSeek AI Has Some &#8216;Real Innovations&#8217; — But Won&#8217;t Say If They Mark A Turning Point For AI Cost Reduction</a>
International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported fourth-quarter earnings of&nbsp;$3.92&nbsp;per share, which beat the analyst consensus estimate of&nbsp;$3.75. Quarterly revenue came in at $17.55 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/25/01/43321676/ibm-reports-q4" rel="noreferrer noopener">consensus estimate of&nbsp;$17.54 billion</a>.
Meta reported fourth-quarter revenue of $48.39 billion, beating&nbsp;analyst estimates of $47.03 billion. The company reported fourth-quarter earnings of $8.02 per share,<a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/43322201/meta-platforms-q4-earnings-revenue-beat-eps-beat-daily-actives-up-5-continued-strong-revenue-growth-expected" rel="noreferrer noopener"> beating analyst estimates of $6.77 per share</a>.
Related:<a target="_blank" href="https://www.benzinga.com/markets/25/01/43326499/mark-zuckerberg-says-chinas-deepseek-did-some-novel-things-were-still-digesting-but-meta-may-keep-pouring-billions-into-ai-infrastructure-anyway" rel="noreferrer noopener"> Mark Zuckerberg Says China&#8217;s DeepSeek Did Some Novel Things &#8216;We&#8217;re Still Digesting,&#8217; But Meta May Keep Pouring Billions Into AI Infrastructure Anyway</a>
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reported fourth-quarter earnings of&nbsp;13&nbsp;per share, which beat the analyst consensus estimate of&nbsp;12&nbsp;cents. Quarterly revenue clocked in at $14.3 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43354712/intel-stock-climbs-on-better-than-expected-q4-report-details" rel="noreferrer noopener">consensus estimate of&nbsp;$13.81 billion</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal first-quarter revenue of $124.3 billion, beating analyst&nbsp;estimates&nbsp;of $124.13 billion. The iPhone maker reported first-quarter adjusted earnings of $2.40 per share, beating <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-ou" rel="noreferrer noopener">analyst estimates of $2.36 per share</a>.
Related: <a target="_blank" href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s &#8216;Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a>
Artificial Intelligence
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock took a hit as China&#8217;s&nbsp;DeepSeek unveiled an AI model that reportedly offers cutting-edge performance at a fraction of the cost. This development has sparked doubts about the need <a target="_blank" href="https://www.benzinga.com/25/01/43220297/nvidia-stock-slide-as-chinas-deepseek-ai-sparks-doubts-over-gpu-spending-frenzy-what-tech-experts-are-saying" rel="noreferrer noopener">for&nbsp;massive GPU investments</a>.
The race among large language models has intensified with DeepSeek R1 emerging&nbsp;as a formidable competitor&nbsp;to established players like OpenAI's o1 and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger" rel="noreferrer noopener">Meta Platforms Inc.</a><a target="_blank" href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger" rel="noreferrer noopener">‘s Llama 3.2</a>.
DeepSeek was targeted by significant cyberattacks, coinciding with its <a target="_blank" href="https://www.benzinga.com/25/01/43257133/chinese-ai-startup-deepseek-hit-by-cyberattacks-after-toppling-us-giants-like-nvidia-with-new-ai-model-dubbed-as-chatgpt-killer" rel="noreferrer noopener">growing prominence in the AI sector</a>.
Veteran investor&nbsp;Ross Gerber voiced his apprehensions <a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">regarding&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">DeepSeek's</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener"> privacy policy on&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">X</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman has addressed the capabilities of&nbsp;DeepSeek's R1 model, acknowledging its impressive <a target="_blank" href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond" rel="noreferrer noopener">performance and cost-</a>effectiveness.
Palmer Luckey, founder of&nbsp;Oculus&nbsp;and&nbsp;Anduril Industries, has voiced strong criticism against the reaction to&nbsp;DeepSeek,<a target="_blank" href="https://www.benzinga.com/tech/25/01/43294552/palmer-luckey-blasts-hysteria-over-deepseek-oculus-founder-says-chinese-hedge-funds-psyops-targeted-us-ai-giants-like-nvidia" rel="noreferrer noopener"> labeling it as an overreaction</a>.
SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFBQF#OTC">SFBQF</a>)&nbsp;is reportedly negotiating a potential investment of $15 billion to $25 billion in&nbsp;OpenAI. This move could make SoftBank the largest investor in the&nbsp;ChatGPT&nbsp;creator, surpassing&nbsp;Microsoft, which <a target="_blank" href="https://www.benzinga.com/25/01/43327823/softbank-eyes-historic-25-billion-investment-in-openai-poised-to-dethrone-microsoft-as-chatgpt-parents-biggest-investor" rel="noreferrer noopener">has&nbsp;invested nearly $14 billion</a>.
Technology &amp; Telecom
Meta said it has agreed to a $25 million settlement with President&nbsp;Donald Trump&nbsp;over his suspension from&nbsp;Facebook&nbsp;and&nbsp;Instagram&nbsp;<a target="_blank" href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments" rel="noreferrer noopener">following&nbsp;the Jan. 6 Capitol riot</a>.
As McKinsey highlights a significant shift in how artificial intelligence will be used in the future,&nbsp;Verizon Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) launched&nbsp;AI Connect&nbsp;during its fourth quarter conference call, to meet the growing demand for <a target="_blank" href="https://www.benzinga.com/markets/25/01/43222744/verizon-launches-ai-connect-as-mckinsey-predicts-that-60-70-of-ai-workload-will-shift-from-training-to-inferencing-by-2030" rel="noreferrer noopener">network capacity and computational power</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more" rel="noreferrer noopener">Satya Nadella Said &#8216;We Should Take Development Out Of China Very, Very Seriously.&#8217; Now, DeepSeek&#8217;s R1 Has Emerged As A ChatGPT Killer, Outperforming OpenAI With 50x Lower Costs: Here&#8217;s More</a>
Google Maps, owned by&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), said that it will rename the "Gulf of Mexico" to "<a target="_blank" href="https://www.benzinga.com/tech/25/01/43256798/google-maps-to-rename-gulf-of-mexico-to-gulf-of-america-for-us-users-in-aftermath-of-trump-executive-order" rel="noreferrer noopener">Gulf of America" for U.S. users</a>.&nbsp;
Google&nbsp;has reportedly reclassified the U.S. as a "sensitive country.", which is typically reserved for nations with strict governments or border <a target="_blank" href="https://www.benzinga.com/media/25/01/43295150/google-reclassifies-us-as-sensitive-country-just-like-china-and-russia-after-trumps-gulf-of-america-move" rel="noreferrer noopener">disputes like China, Russia, and Iraq</a>.
Social Media
Jeff Bezos-backed&nbsp;Perplexity AI has reportedly submitted a&nbsp;revised proposal&nbsp;to merge with&nbsp;TikTok&#8217;s U.S. business, offering the U.S. government a 50% stake in the new entity.
A group of U.S. investors, with backing from&nbsp;YouTube&nbsp;star&nbsp;Jimmy Donaldson, also known as&nbsp;MrBeast, has amassed over <a target="_blank" href="https://www.benzinga.com/25/01/43325891/backed-by-youtube-king-mrbeast-group-of-american-investors-including-roblox-ceo-lock-in-over-20-billion-for-tiktok-takeover-but-they-have-not-heard-back-directly-from-bytedance" rel="noreferrer noopener">$20 billion to bid for&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43325891/backed-by-youtube-king-mrbeast-group-of-american-investors-including-roblox-ceo-lock-in-over-20-billion-for-tiktok-takeover-but-they-have-not-heard-back-directly-from-bytedance" rel="noreferrer noopener">TikTok</a>.
Smartphones
Apple reportedly plans to release the&nbsp;iOS 18.4&nbsp;update in April, following the <a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">public rollout of&nbsp;</a><a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">iOS 18.3</a><a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">&nbsp;this week</a>.&nbsp;Apple has released&nbsp;iOS 18.3, addressing <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately" target="_blank" rel="noreferrer noopener">29 security vulnerabilities</a>.
Apple joined forces with Elon Musk&#8217;s SpaceX and T-Mobile US Inc. to bring Starlink <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature" target="_blank" rel="noreferrer noopener">satellite texting capabilities to </a><a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature" target="_blank" rel="noreferrer noopener">iPhones</a>.
Image: Shutterstock

INTC

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SFBQF

Consumer Tech News (Jan 27-Jan 31): China's DeepSeek Launch Gets Mixed Reaction From Experts, Tech Biggies Reported Earnings & More

In an act of retaliation, Canada has announced plans to impose tariffs on American goods. This move comes in response to President Donald Trump&#8216;s executive order that imposes a 25% tariff on most U.S. imports from Canada.
What Happened: President Trump&#8217;s Saturday executive order levies a 25% tariff on nearly all U.S. imports from Canada, along with a 10% tariff on energy.
Following this, Canadian Prime Minister&nbsp;Justin Trudeau&nbsp;has announced that Canada will impose&nbsp;25% counter-tariffs on C$155 billion&nbsp;($107 billion) worth of American-made&nbsp;products. 
According to a report <a href="https://www.bloomberg.com/news/articles/2025-02-02/-complete-betrayal-canada-reels-as-trump-tariff-hits-major-trade-relationship?sref=TBDibEcD">by</a> Bloomberg, the counter-tariffs will be effective from Tuesday, targeting C$30 billion worth of goods initially, with the remaining tariffs to be imposed later in February.
"From the beaches of Normandy to the mountains of the Korean Peninsula, from the fields of Flanders to the streets of Kandahar, we have fought and died alongside you during your darkest hours," the outlet quoted Trudeau telling Americans on Saturday night.
Also Read: <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">Trump Threatens BRICS Nations With 100% Tariffs</a>
"Yes, we've had our differences in the past, but we've always found a way to get past them. As I've said before, if President Trump wants to usher in a new golden age for the United States, the better path is to partner with Canada, not to punish us," he added. 
The Canadian tariffs will apply to a variety of American goods including beer, wine, food, and appliances. Trudeau also hinted at possible measures related to critical minerals and urged Canadians to support local businesses and avoid U.S. vacations.
The executive order by Trump, which accuses Canada and Mexico of not taking sufficient action against fentanyl production and trafficking,&nbsp;invoked emergency powers to justify&nbsp;the tariffs, bypassing&nbsp;formal procedures outlined in the&nbsp;US-Mexico-Canada Agreement signed in 2020.
Several Canadian officials, including Ontario leader&nbsp;Doug Ford&nbsp;and British Columbia premier&nbsp;David Eby, have expressed their outrage at Trump&#8217;s tariffs and announced their own retaliatory measures. Eby characterized Trump&#8217;s tariffs as a &#8220;complete betrayal&#8221;&nbsp;of the historic bond between&nbsp;the two nations.
Why It Matters: The imposition of these tariffs has sparked concerns among business groups and the Canadian Chamber of Commerce. 
They predict a drastic increase in costs and a potential market collapse due to the escalating trade tensions between the two countries. 
This trade dispute could have far-reaching implications for the economies of both nations and their bilateral trade relations.
Read Next
<a href="https://www.benzinga.com/news/global/25/01/42902618/canadian-official-claps-back-at-trumps-51st-state-comments-offers-to-buy-these-two-american-states">Canadian Official Claps Back At Trump&#8217;s 51st State Comments, Offers To Buy These Two American States</a>
Image: Shutterstock

Canada Retaliates Against Trump's Tariffs With Countermeasures: 25% Tariffs On $107 Billion of US-Made Goods

These twelve large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares plummeted 27.92% after the company announced soft guidance for the 2025 fiscal year <a href="https://www.benzinga.com//node/43315362" target="_blank" rel="noreferrer noopener">and analysts lowered the price forecast</a>.</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) shares fell 20.02%. Melius Research analyst Scott Davis downgraded the company from Buy to Hold and <a href="https://www.benzinga.com/quote/vrt/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a $125 price forecast</a>.</li>
<li>Comfort Systems USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock declined 19.74% following the launch of DeepSeek<a href="https://www.benzinga.com//node/43254923" target="_blank" rel="noreferrer noopener">, China&#8217;s open-source AI model</a>.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares slipped 18.33% after the company reported its <a href="https://www.benzinga.com//node/43356259" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>. Several analysts <a href="https://www.benzinga.com/quote/deck/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast</a>.</li>
<li>Teva Pharmaceutical Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) shares decreased 18.22% after it reported <a href="https://www.benzinga.com//node/43303023" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>. Analysts <a href="https://www.benzinga.com/quote/teva/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast</a>.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost 15.81% last week on <a href="https://www.benzinga.com//node/43220297" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek sparking doubts</a> over GPU spending frenzy. Also, reports indicating Trump officials have discussed further curbing China sales weighed on the stock.</li>
<li>EMCOR Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) stock fell 15.72%.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares slipped 14.79%.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lost 14.28% last week due to <a href="https://www.benzinga.com//node/43231443" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek sparking </a>investor fears in U.S. semiconductor stocks.</li>
<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares tumbled 14.13% after it reported mixed fourth-quarter results and analysts <a href="https://www.benzinga.com//node/43389661" target="_blank" rel="noreferrer noopener">trimmed the price forecast</a>.</li>
<li>Quanta Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) shares dipped 14.08%. Citigroup analyst Andrew Kaplowitz maintained a Buy rating and lowered <a href="https://www.benzinga.com/quote/pwr/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $394 to $371</a>.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) shares dropped 13.66% amid concerns about AI competition from China&#8217;s DeepSeek AI model, which <a href="https://www.benzinga.com//node/43254923" target="_blank" rel="noreferrer noopener">has weighed on AI-related sectors</a>.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423005/alibaba-ibm-and-duolingo-are-among-top-0large-cap-gainers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Large Cap

DECK

MANH

SMCI

TEVA

NVIDIA, Teva Pharmaceutical And UPS Are Among Top Large Cap Losers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

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NWTN Receives Nasdaq Filing Extension, Aims for Compliance

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NWTN Inc. Adapts to Branding and Workforce Changes

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Short + Long Strategies And What Alpha's Really All About

NWTN receives Nasdaq's delisting determination for non-compliance with listing rule

NWTN Inc. (NWTN) announced that it received a determination notice from the staff of Nasdaq informing the company that as a result of the company's...

NWTN Inc. receives delisting determination from Nasdaq, intends to appeal

NWTN (NWTN) has released an update. NWTN Inc. faces potential delisting from Nasdaq due to its failure to file the 2023 Annual Report, as required ...

NWTN Faces Nasdaq Delisting Over Compliance Issues

The latest announcement is out from NWTN ( ($NWTN) ). NWTN Inc., a Cayman Islands exempted company, has made significant changes to its Board of Di...

NWTN Inc. Strengthens Leadership Amid Nasdaq Compliance Efforts

An update from NWTN ( ($NWTN) ) is now available. NWTN Inc., a Cayman Islands exempted company, recently underwent a significant change in its acco...

NWTN Inc. Appoints New Auditor Amidst Financial Reporting Changes

NWTN and W Motors Automotive form strategic joint venture

CEVA

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MRVL

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QRVO

Legal

Press Releases

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of NWTN Inc. – NWTN

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of NWTN Inc. - NWTN

NWTN Inc. Investors: Company Investigated by the Portnoy Law Firm

Bragar Eagel & Squire, P.C. Is Investigating Sprinklr and NWTN and Encourages Investors to Contact the Firm

Nasdaq Grants NWTN Extension to File its Annual Report on Form 20-F

NWTN Receives Nasdaq Staff Delisting Determination for Non-Compliance with Listing Rule 5250(c)(1)

NWTN and W Motors Announce Strategic Joint Venture to Redefine the Future of Automotive Innovation

Thunder Power Holdings, Inc. - Common Stock

Thunder Power Holdings

Cenntro

Chijet Motor Company, Inc. - Ordinary Shares

Chijet Motor Co

ECD Automotive Design, Inc. - Common Stock

ECD Automotive Design

Ford Motor

Faraday Future Intelligent Electric Inc. - Class A Common Stock

Faraday Future

Fly-E Group

General Motors

Honda Motor Co

Lucid Gr

Li Auto Inc. - American Depositary Shares

Li Auto

Lotus Technology Inc. - American Depositary Shares

Lotus Technology

Mullen Automotive

NIO Inc. American depositary shares, each representing one Class A ordinary share

Polestar Automotive Holding UK Limited - Class A ADS

Polestar Automotive

Polestar Automotive Holding UK Limited - Class C-1 ADS (ADW)

Rivian Automotive, Inc. - Class A Common Stock

Rivian Automotive

Thor Industries

Toyota Motor

Tesla

VinFast Auto

Winnebago Industries

Workhorse Gr

XPeng Inc. American depositary shares, each representing two Class A ordinary shares

XPeng

ZEEKR Intelligent Technology Holding Limited American Depositary Shares (each representing ten (10) Ordinary Shares)

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