Orangekloud Technology Bolsa (NASDAQ: ORKT)

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Orangekloud Technology

Orangekloud Technology Inc is a company that operates through its subsidiaries provide IT consultancy services and distribution of related products and services. The Company also offers ERPs predominately in Singapore. It derives revenue from platform subscriptions, license and products and professional services.

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Earnings Scheduled For April 24, 2025

Elon Musk's BCI (Brain-Chip Interface) company Neuralink is reportedly eyeing an $8.5 billion pre-money valuation amid talks with potential investors.
What Happened: The company plans to raise over $500 million in the latest funding round, which could translate to a $9 billion post-money valuation for the company, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-23/musk-s-neuralink-said-to-eye-fundraise-at-8-5-billion-valuation">noted</a> in a report on Wednesday.
Sources familiar with the matter say that the company has already begun talks with investors as it looks to set up another funding round, though nothing is set in stone as of yet, the report suggests. Neuralink was previously valued at $3.5 billion in the last funding round.
Neuralink did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
Why It Matters: The report comes in as Elon Musk is touting Neuralink's capabilities. In a post on social media platform X, the billionaire shared how Neuralink will help <a href="https://www.benzinga.com/general/biotech/25/04/44892867/elon-musk-says-neuralink-will-help-blind-people-see-again-will-exceed-the-best-human-eyes">"completely blind" people see</a> again.
Neuralink's technology has shown signs of success, with Noland Arbaugh, a 30-year-old man suffering from paralysis, demonstrating how he could <a href="https://www.benzinga.com/news/25/03/44358022/paralyzed-man-moves-objects-with-his-mind-thanks-to-elon-musks-brain-chip">control electronic devices</a> with his thoughts.
However, Neuralink also has its share of critics. Former White House Strategist <a href="https://www.benzinga.com/general/biotech/25/04/44891849/steve-bannon-says-elon-musk-is-evil-blasts-his-brain-chip-ambitions-as-technofeudalist-plot-to-hijack-humanitys-future">Steve Bannon criticized </a>Musk for his Neuralink ambitions. "Musk is attempting to disrupt humanity itself," he'd said.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42523165/elon-musks-neuralink-faces-fierce-competition-as-precision-neuroscience-raises-102-million-to-advance-thought-controlled-devices">Elon Musk&#8217;s Neuralink Faces Fierce Competition As Precision Neuroscience Raises $102 Million To Advance Thought-Controlled Devices</a></li>
</ul>
Photo courtesy: rafapress / Shutterstock.com

Biotech

Tech

General

Elon Musk's Neuralink Eyes $8.5 Billion Pre-Money Valuation In Latest Funding Round: Report

The European Union&#8217;s first major <a href="https://www.benzinga.com/news/global/25/04/44952117/apple-and-meta-fined-nearly-800-million-for-violating-european-unions-digital-markets-act">enforcement of its sweeping</a> Digital Markets Act has sparked political backlash in Washington — and could ignite a new front in U.S.-EU trade tensions.
What Happened: On Wednesday, the European Commission fined Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) €500 million (approximately $540 million) and Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) €200 million (about $216 million), accusing the tech giants of violating the bloc's new antitrust regulations aimed at <a href="https://www.benzinga.com/markets/25/03/44534573/eu-to-issue-minimal-fines-to-apple-and-meta-to-avoid-retaliation-from-trump-administration">curbing digital dominance</a>.
In a statement first <a href="https://www.politico.com/news/2025/04/23/european-fines-big-tech-trump-00306670">spotted</a> by Politico, Meta's global affairs chief Joel Kaplan argued the fine and the mandated changes to Meta's ad model "effectively impose a multi-billion-dollar tariff on Meta while requiring us to offer an inferior service."
In a statement to the publication, Apple called the decision "bad for the privacy and security of our users," adding that the DMA forces it to "give away our technology for free."
See Also: <a href="https://www.benzinga.com/25/04/44832468/snapchat-rejection-resurfaces-as-mark-zuckerberg-defends-meta-in-ftc-trial-and-the-tech-mogul-still-thinks-he-couldve-done-it-better-we-would-have-accelerated-their-growth">Mark Zuckerberg Defends Meta In FTC Trial Over $6 Billion Offer To Acquire Snapchat: &#8216;We Would Have Accelerated Their Growth&#8217;</a>
Kay Hazemi-Jebelli, senior director for Europe at the Chamber of Progress, said that the fines against Apple and Meta should serve to draw the U.S. administration's attention squarely to the Digital Markets Act.
Just hours after the fines were announced, the National Security Council under President Donald Trump responded forcefully, the report noted.
Spokesperson Brian Hughes labeled the EU's move "a novel form of economic extortion," adding, "Extraterritorial regulations that specifically target and undermine American companies&#8230; will not be tolerated by the United States."
Katie Harbath, a former public policy director at Meta, told the publication that Kaplan's reference to "tariffs" was a clear attempt to link the EU's tech regulations to Trump's broader 2025 trade agenda.
She added that the White House is unlikely to take serious action unless the EU expands its enforcement to include more tech companies like Elon Musk's X, which notably avoided penalties on Wednesday.
Why It's Important: The penalties are the <a href="https://www.benzinga.com/general/social-media/25/02/43917713/us-lawmakers-demand-eu-clarify-big-tech-regulations-that-may-target-american-companies">first issued under the DMA</a>, a 2022 law that took effect in March 2024, targeting so-called "gatekeepers" like Apple, Meta, and other large platforms accused of unfair business practices in Europe.
Apple and Meta now have 60 days to comply with the EU's decisions and modify their business practices, or they risk facing further recurring fines.
Price Action: On Wednesday, Meta shares rose 4%, closing at $520.27, while Apple stock climbed 2.43% to $204.60, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Meta currently holds a momentum rating of 46.05% and a growth rating of 74.99%, based on Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> Apple and other leading companies.
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

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Trump's Team Blasts EU's Nearly $800 Million Fine On Apple And Meta As 'Extortion' — Could US Retaliate Against The Digital Markets Act?

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Economics

Germany Ifo Business Climate Index For April 86.9 Vs. 85.1 Est.; 86.7 Prior

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) to report quarterly earnings at $1.49 per share on revenue of $10.70 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Bristol-Myers Squibb shares fell 0.2% to $48.43 in after-hours trading.</li>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) posted weaker-than-expected earnings for its first quarter and confirmed its guidance for the rest of the year. Nokia shares gained 0.8% to $5.35 in the after-hours trading session.</li>
<li>Analysts are expecting PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) to post quarterly earnings at $1.49 per share on revenue of $17.77 billion. The company will release earnings before the markets open. PepsiCo shares slipped 0.3% to $141.90 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) is projected to report quarterly earnings at $1.53 per share on revenue of $20.11 billion. Procter &amp; Gamble shares fell 0.6% to $164.75 in the after-hours trading session.</li>
<li>Analysts expect Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) to post quarterly earnings at $2.02 per share on revenue of $88.87 billion after the closing bell. Alphabet shares gained 0.4% to $155.89 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44948767/top-2-consumer-stocks-that-may-implode-this-month">Top 2 Consumer Stocks That May Implode This Month</a> </li>
</ul>
Photo via Shutterstock

PepsiCo, Alphabet And 3 Stocks To Watch Heading Into Thursday

The CNN Money Fear and Greed index some improvement in market sentiment, with the index in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled higher on Wednesday, with the Dow Jones index jumping more than 400 points during the session. However, all three major indices closed the session well off their highs as the Dow jumped over 1,100 points at one point during morning session.
On the trade front, tensions with China appeared to thaw, with reports suggesting the White House is considering reducing tariffs on certain categories of goods.
Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) reported better-than-expected first-quarter financial results and raised its FY25 adjusted EPS guidance above estimates. Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained more than 5% on Wednesday after the company released earnings results for its first quarter.
On the economic data front, sales of new single-family homes in the U.S. jumped by 7.4% to an annualized rate of 724,000. The S&amp;P Global services PMI dipped to 51.4 in April from 54.4 in the prior month. The S&amp;P Global manufacturing PMI climbed to 50.7 in April from 50.2 in the previous month.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, consumer discretionary and communication services stocks recording biggest gains on Wednesday. However, consumer staples and energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 420 points to 39,606.57 on Wednesday. The S&amp;P 500 jumped 1.67% to 5,375.86, while the Nasdaq Composite surged 2.50% at 16,708.05 during Wednesday's session.
Investors are awaiting earnings results from Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) today.
At a current reading of 27.3, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 26.2.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based
&nbsp;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>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44948767/top-2-consumer-stocks-that-may-implode-this-month">Top 2 Consumer Stocks That May Implode This Month</a> </li>
</ul>
Photo via Shutterstock

TSLA

Dow Jumps Over 400 Points Amid China Tariff Hopes, Investor Fear Eases: Greed Index Remains In 'Fear' Zone

Germany Current Assessment For April 86.4 Vs. 85.5 Est.; 85.7 Prior

Germany Business Expectations For April 87.4 Vs. 85.0 Est.; 87.7 Prior

International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has forecasted a &#8220;minimal&#8221; tariff impact on its business while acknowledging not being &#8220;immune&#8221; to the Department of Government Efficiency-related initiatives during its first quarter earnings call.
What Happened: IBM&#8217;s CFO and Senior Vice President, James Kavanaugh, said that the company was exploring alternatives to mitigate any indirect effects because the direct tariff impact was &#8220;minimal.&#8221;
&#8220;Goods imported to the U.S. represent less than 5% of our overall spend, and under current U.S. tariff policy, the impact to IBM is minimal. While we have limited direct exposure outside the United States, we are tactically evaluating alternative sources and other strategy to mitigate tariffs,&#8221; he said.
Talking about the impact of DOGE-related initiatives, its Chairman, President, and CEO, Arvind Krishna, highlighted that its consulting business was &#8220;susceptible to discretionary pullbacks and DOGE-related initiatives.&#8221;
&#8220;We are not immune from all those activities just like everybody else,&#8221; he said, adding that few of IBM&#8217;s contracts were impacted in the first quarter. &#8220;You expect U.S. AID, where we did some work, was impacted, but not really in most other cases,&#8221; he added.
Additionally, CFO Kavanaugh clarified, &#8220;But our U.S. federal business is less than 5% of IBM&#8217;s total annual revenue. About 60% of that is Consulting, which is more susceptible to discretionary efficiency-type programs.&#8221;
&#8220;So while no one&#8217;s immune, we are absolutely focused on monitoring the dynamic process,&#8221; said the CFO.
See Also: <a href="https://www.benzinga.com/25/04/44947085/analyst-expects-googles-ad-revenue-to-pick-up-in-q1-google-normally-beats-heres-what-alphabets-chart-shows-ahead-of-earnings">&#8216;Google Normally Beats,&#8217; Says Analyst Expecting Sundar Pichai-Led Company&#8217;s Ad Revenue To &#8216;Pick Up&#8217; In Q1: Here&#8217;s What Alphabet&#8217;s Chart Shows Ahead Of Earnings</a>
Why It Matters: IBM <a href="https://www.benzinga.com/news/earnings/25/04/44966124/ibm-shares-slide-despite-better-than-expected-q1-details">reported quarterly earnings</a> of $1.60 per share, which beat the analyst consensus estimate of $1.40. Quarterly revenue of $14.54 billion beat the analyst consensus estimate of $14.4 billion.
The company also reported its highest first-quarter free cash flow in many years at $2 billion, driven by revenue growth and productivity initiatives.
IBM sees second-quarter revenue in a range of $16.4 billion to $16.75 billion, versus the $16.33 billion estimate.
Price Action: IBM closed 1.89% higher on Wednesday and slipped 6.96% in after-hours. It has gained 11.61% on a year-to-date basis, whereas it was up 33.34% over a year.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Wednesday. The SPY was up 1.55% to $535.42, while the QQQ advanced 2.27% to $454.561, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Benzinga Edge Stock Rankings shows that IBM had a weaker price trend over the short term, but a stronger price trend over the medium and long term. Its momentum ranking was solid at 87.57th percentile, whereas its value ranking was poor; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/report/IBM"><img loading="lazy" decoding="async" width="1024" height="148" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24025446/IBM-EDGE-1024x148.png" alt="" class="wp-image-885758" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24025446/IBM-EDGE-1024x148.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24025446/IBM-EDGE-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24025446/IBM-EDGE-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24025446/IBM-EDGE.png 1213w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">Wedbush&#8217;s Dan Ives Raises Tesla&#8217;s Price Target To $350 As Elon Musk Promises To &#8216;Significantly&#8217; Reduce DOGE Time</a></li>
</ul>
Image Via Shutterstock

IBM Plays Down Trump Tariff Concerns: DOGE Could Affect Consulting Business, But Its 'US Federal Business Is Less Than 5%,' Says CEO

After a series of destructive tornadoes in Arkansas, residents seeking federal disaster relief were turned down by the President Donald Trump administration. The denial comes in the wake of a larger redirection in disaster recovery policy, with more responsibility being pushed onto states.
What Happened: In March, <a href="https://www.benzinga.com/general/travel/25/03/44359238/severe-storm-system-brings-devastation-at-least-42-dead-power-outages-widespread-damage-reported" target="_blank" rel="noopener">severa</a><a href="https://www.benzinga.com/general/travel/25/03/44359238/severe-storm-system-brings-devastation-at-least-42-dead-power-outages-widespread-damage-reported">l tornadoes devastated Arkansas</a>, leading to more than 40 deaths in several states. Governor Sarah Huckabee Sanders requested a major disaster declaration for individual and public assistance in the aftermath. 
However, on April 11, the Trump administration rejected the request, referring to its executive orders that shifted the onus of disaster recovery from the federal government to state and local bodies.
The denial, quoted <a href="https://edition.cnn.com/2025/04/23/weather/trump-denied-disaster-aid-arkansas-tornadoes/index.html">by</a> CNN, stated that "the damage from this event was not of such severity and magnitude as to be beyond the capabilities of the state, affected local governments, and voluntary agencies."
See Also: <a href="https://www.benzinga.com/news/25/04/44916659/harvard-sues-trump-administration-for-attempting-to-withhold-billions-in-federal-grants-over-alleged-antisem">Harvard Sues Trump Administration For Attempting To Withhold Billions In Federal Grants</a>
Why It Matters: This decision signals a major shift in how disaster recovery is managed, as states are now expected to endure more of the financial burden. 
Arkansas Gov. Sarah Huckabee Sanders <a href="https://governor.arkansas.gov/request-for-presidential-major-disaster-declaration-and-appeal-to-major-disaster-declaration-denial/">appealed the denial</a> on April 18, stressing that in the absence of federal assistance, "Arkansas will face significant challenges in assuming full responsibility and achieving an effective recovery from this event."
Both Trump and Department of Homeland Security Secretary Kristi Noem have <a href="https://www.benzinga.com/news/25/01/43203763/trump-wants-to-get-rid-of-federal-emergency-agency-its-not-good-he-says-while-visiting-disasters-in-california-north-carolina">stated their intention</a> to abolish FEMA, the agency tasked with allocating billions each year to provide provisional housing and disaster management assistance.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/events/25/04/44971154/trump-fails-to-impress-americas-young-shows-poll-as-they-still-favor-biden-only-15-think-us-on-right-track">Trump Fails To Impress America&#8217;s Young, Shows Poll As They Still Favor Biden — Only 15% Think US On Right Track</a></li>
</ul>
Image Via Shutterstock

Trump Administration Denies Federal Disaster Aid To Tornado-Stricken Arkansas, Pushing Responsibility To States

Ken Griffin, founder of Citadel hedge fund, has expressed concern over the swift contraction of the market and the deterioration of the U.S.&#8217;s global financial standing, attributing these issues to the <a href="https://in.benzinga.com/news/25/04/44913962/donald-trumps-trade-war-jpmorgan-predicts-deals-higher-taxes-and-potential-recession-avoidance">ongoing trade war.</a>
What Happened: Griffin, who is at the helm of the $65 billion hedge fund Citadel LLC, voiced his apprehensions about the current market conditions at the Semafor&#8217;s World Economic Summit on Wednesday. He indicated that the market is shrinking too rapidly to generate substantial returns, stating, &#8220;There are no great opportunities,&#8221; <a href="https://www.businessinsider.com/ken-griffin-citadel-current-market-advice-tariffs-2025-4">reported </a>Business Insider.
Griffin also underscored the adverse effects of the trade war on the U.S.&#8217;s image as a global financial safe haven. He cautioned that the country&#8217;s brand is in jeopardy, asserting, &#8220;We&#8217;re eroding that brand right now.&#8221; He further lambasted the government&#8217;s trade policies, characterizing them as having &#8220;devolved into a nonsensical place.&#8221;
The billionaire called on the administration, including President Donald Trump, Treasury Secretary Scott Bessent, and Commerce Secretary Howard Lutnick, to act judiciously, reported Fortune. &#8220;When&nbsp;you have a brand, you&nbsp;need to behave in a&nbsp;way that respects that brand,&#8221; he counseled.
Griffin contextualized the recent economic chaos instigated by the White House in terms of consumers who purchase a product because they trust the brand. &#8220;On the financial markets, no brand can compare to the brand of the U.S. Treasuries…we put that brand at risk,&#8221; he said. 
Against the backdrop of existing uncertainty, Griffin told investors, &#8220;All you&#8217;re trying to do is tread water and not drown.&#8221; The Miami-based hedge-fund founder, a Trump voter and a GOP megadonor, also urged business leaders to engage &#8220;calmly, [respectfully,] and collectively&#8221; with the President, the House of Representatives, and the Senate about these policies.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/events/25/04/44971154/trump-fails-to-impress-americas-young-shows-poll-as-they-still-favor-biden-only-15-think-us-on-right-" target="_blank" rel="noreferrer noopener">Trump Fails To Impress America&#8217;s Young, Shows Poll As They Still Favor Biden — Only 15% Think US On Right Track</a>
Why It Matters: Griffin&#8217;s comments come amid the impact of President Trump&#8217;s sweeping tariffs announced on April 2, which triggered a market downturn. These policies have caused turmoil in global equity and bond markets, depreciated the U.S. dollar against other currencies, and led investors to turn to safe-haven assets like gold.
Although Trump later eased some measures with a 90-day pause on specific tariffs, a 10% tariff on most global imports and a 25% tariff on imported cars and some auto parts remain in effect. On Tuesday, Trump also <a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal">softened </a>his stance on tariffs on China in anticipation of a trade deal.
Griffin, a notable backer of Trump, is among a number of affluent individuals who have expressed doubts about the reasoning and execution of the recent tariffs. Even Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk stated in the company&#8217;s Q1 earnings call that &#8216;lower tariffs&#8217; are good for &#8216;prosperity&#8217;, but leaves the ultimate decision to the U.S. President.
Citadel largely avoided market turmoil, with its flagship fund down just 0.9% in Q1, compared to the S&amp;P 500's decline of over 4%. 
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 7.7% over the past month while SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 6.7% during the same period.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/tech/25/04/44969594/jeff-bezos-final-ceo-letter-isnt-just-about-amazon-it-was-a-clarion-call-for-resisting-normality-the-world-w" target="_blank" rel="noreferrer noopener">Jeff Bezos&#8217; Final CEO Letter Isn&#8217;t Just About Amazon — It Is A Clarion Call For Resisting Normality: &#8216;The World Wants You To Be Typical&#8230;Don&#8217;t Let It Happen&#8217;</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.

GOP Megadonor Ken Griffin Urges Investors To 'Tread Water And Not Drown' Amid 'Nonsensical' Trade Policies: 'We Put That Brand At Risk'

Dividends

Reported Earlier, Kodiak Gas Services Hikes Quarterly Dividend 10% To $0.45 Per Share, Payable May 15

Editor&#8217;s Note: The percentage change figure in the story has been updated for accuracy.
A 95-year-old Berkshire Hathaway&nbsp;Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) believer just revealed how a million-dollar bet in 1986 helped him net a 29390% increase in value since.
What Happened: In a clip featuring luxury-brokerage CEO Ryan Serhant, the retiree says he snapped up Berkshire Hathaway shares for roughly $2,000 a share for a total of $1.2 million in 1986.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Man invests $1.2m in Berkshire Hathaway stock at $2,000/sh which is now worth over $450,000,000+ today The most crazy rich mfs you will ever meet irl will be at the Berkshire Hathaway annual shareholder meeting. Nothing else comes remotely close. <a href="https://t.co/2DxQOLhRJa">pic.twitter.com/2DxQOLhRJa</a>
&mdash; Lazy Canadian Investor (@JimChuong) <a href="https://twitter.com/JimChuong/status/1914754356924055805?ref_src=twsrc%5Etfw">April 22, 2025</a></blockquote>
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The Math: Although an over-the-counter stock at the time, public price records show Warren Buffett's flagship stock opened that year at $2,470.
Fast-forward to today, each BRK A share changes hands at $788,799, as per its closing price on Wednesday. Multiply that by approximately 485.82 shares that the $1.2 million outlay would fetch, and the stake now sits at above $383.2 million, a 31835% leap.
See also: <a href="https://www.benzinga.com/markets/equities/25/04/44970516/boeing-adjusts-strategy-amid-trump-tariff-fallout-ceo-kelly-ortberg-says-wont-build-aircraft-for-customers-who-will-not-take-them-as-china-halts-deliveries">Boeing Adjusts Strategy Amid Trump Tariff Fallout, CEO Kelly Ortberg Says Won&#8217;t &#8216;Build Aircraft For Customers Who Will Not Take Them&#8217; As China Halts Deliveries</a>
Even by Buffett&#8217;s standards, the haul is eye-popping. Berkshire's book value compounded around 20 percent annually in the 1980s; the Snowball has since rolled through tech booms, dot-com busts, and three recessions. For long-haul investors, the lesson is plain-spoken Buffett lore: buy quality, sit tight, and let time do the heavy lifting.
Serhant, who built a media brand on blockbuster Manhattan listings, posted the exchange to show patience in wealth-building, while also engaging the nerds with some quick math. For his nonagenarian interviewee, that patience turned a starter sum into almost half a billion dollars.
Photo Courtesy: Sergio Photone on Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/25/04/44940178/warren-buffett-says-millions-are-trapped-living-an-american-nightmare-but-proposes-a-tool-far-more-useful-than-raising-minimum-wage">Warren Buffett Says Millions Are Trapped Living An &#8216;American Nightmare&#8217; — But Proposes A Tool &#8216;Far More Useful&#8217; Than Raising Minimum Wage</a>

Warren Buffett Bet In 1986, Made This 95-Year Old Investor A $350 Million Pile Of Cash (CORRECTED)

WooCommerce merchants in the UK can now seamlessly offer Affirm's flexible and transparent payment options to consumers

AFRM

Affirm And WooCommerce Expand Partnership To The UK, Bringing Flexible Pay-Over-Time Options To Merchants

A climate activist connected with Extinction Rebellion was arrested inside Trump Tower in Manhattan on Wednesday after disfiguring a presidential seal in a protest drawing attention to government inaction on climate change.
What Happened: Clad in a shirt that said "Join, or Die," the protester spray-painted "USA" across a presidential plaque in the Trump Tower lobby, and then knelt in front of it. He was then arrested by Secret Service agents in the presence of onlookers, many of whom filmed the incident. 
The protester was identified as a 36-year-old Nathaniel Smith of Brooklyn. He has been charged with third-degree criminal tampering and possession of graffiti tools.
After his arrest, Smith issued a <a href="https://www.newsweek.com/protestor-breaks-silence-after-trump-tower-demonstration-arrest-2063225">statement</a> to Newsweek, which said: "I did this because I am an American. It is my duty to stand up for my country, and my Earth, when a government becomes destructive of our right to life." As he was escorted away by agents, he shouted, "They are ruining the planet for profit."
Earlier this week, reports emerged claiming that the <a href="https://www.benzinga.com/markets/25/04/44882365/trumps-energy-department-mulls-cutting-billions-in-clean-energy-funds-threatening-exxon-occidental-projects">U.S. Energy Department is reportedly considering major cuts</a> that could halt almost $10 billion in federal funding for clean-energy projects.
See Also: <a href="https://www.benzinga.com/news/25/04/44928877/youre-just-being-foolish-if-you-ignore-climate-change-says-ross-gerber-he-believes-tesla-is-central-to-the-s">You&#8217;re Just &#8216;Being Foolish&#8217; If You Ignore Climate Change, Says Ross Gerber. He Believes Tesla Is Central To The Solution</a>
Why It Matters: This protest is part of a larger Earth Day campaign launched by Extinction Rebellion, which held agitations at the Wall Street Charging Bull and a Tesla Inc. showroom the previous day. 
Known for its disruptive civil disobedience tactics, the activist group said the message on Smith's t-shirt was "a call to resist a government marked by chaos and cruelty, and to begin building alternative structures capable of repairing the damage."
In his statement, Smith was critical of both major political parties, saying, "All American political parties are equally complicit in inaction, which has brought us to this point. Switching to blue is not the solve. [Former Vice President] Kamala Harris' climate platform was fracked gas, much deadlier than regular."
This protest took place on the same day that President Donald Trump's Treasury Secretary Scott Bessent backed fossil fuel development in emerging economies, labelling renewables-only strategies as impractical for <a href="https://www.benzinga.com/markets/equities/25/04/44971113/scott-bessent-backs-fossil-fuels-for-developing-nations-treasury-secretary-slams-renewables-only-push-as-luxury-belief-amid-trumps-drill-baby-drill-agen">nations still dealing with basic economic needs</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/commodities/25/04/44889088/easter-candy-sticker-shock-trump-tariffs-and-climate-threaten-to-make-your-chocolate-bunny-a-luxury-item">Easter Candy Sticker Shock: Trump Tariffs And Climate Threaten to Make Your Chocolate Bunny A Luxury Item</a></li>
</ul>
Image Via Shutterstock

Politics

Trump Tower Becomes Flashpoint For Earth Day Protest As Activist Defaces Seal, Slams Kamala Harris' 'Fracked Gas' Climate Stance

American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/aal/earnings">opening bell on Thursday, April 24.</a>
Analysts expect the Fort Worth, Texas-based company to report quarterly loss at 67 cents per share, versus a year-ago loss of 34 cents per share. American Airlines projects to report quarterly revenue at $12.56 billion, compared to $12.57 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
American Airlines Group recently said it is enhancing passenger connectivity through a new partnership with AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>). The airline has announced that starting January 2026, it will provide complimentary inflight Wi-Fi to members of its AAdvantage loyalty program.
American Airlines shares rose 0.1% to close at $9.32 on Wednesday.
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/AAL/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Barclays analyst Brandon Oglenski maintained an Equal-Weight rating and cut the price target from $16 to $11 on April 8, 2025. This analyst has an accuracy rate of 60%.</li>
<li>UBS analyst Thomas Wadewitz maintained a Neutral rating and slashed the price target from $13 to $9 on April 7, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Susquehanna analyst Christopher Stathoulopoulos maintained a Neutral rating and cut the price target from $18 to $10 on April 7, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Raymond James analyst Savanthi Syth maintained an Outperform rating and lowered the price target from $23 to $15 on April 2, 2025. This analyst has an accuracy rate of 64%.</li>
<li>Jefferies analyst Sheila Kahyaoglu downgraded the stock from Buy to Hold and decreased the price target from $20 to $12 on April 1, 2025. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying AAL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="607" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24033126/image-141-1024x607.png" alt="" class="wp-image-885842" style="width:560px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24033126/image-141-1024x607.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24033126/image-141-300x178.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24033126/image-141-768x455.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/24033126/image-141.png 1100w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44948767/top-2-consumer-stocks-that-may-implode-this-month">Top 2 Consumer Stocks That May Implode This Month</a> </li>
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Photo via Shutterstock

Price Target

Analyst Ratings

American Airlines Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Reported Earlier, HUTCHMED To Present New Data On Savolitinib, Fruquintinib, And Surufatinib At AACR 2025 In Chicago

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has revealed that the company is running its autonomous ride-hailing service in Austin, as well as the San Francisco Bay Area.
What Happened: In a post on social media platform X on Wednesday, the company shared a video showcasing the Supervised FSD ride-hailing service. Tesla says it has completed over 1,500 trips and covered a distance of 15,000 miles.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">FSD Supervised ride-hailing service is live for an early set of employees in Austin &amp; San Francisco Bay Area. We&#39;ve completed over 1.5k trips &amp; 15k miles of driving. This service helps us develop &amp; validate FSD networks, the mobile app, vehicle allocation, mission control &amp;… <a href="https://t.co/pYVfhi935W">pic.twitter.com/pYVfhi935W</a>
&mdash; Tesla AI (@Tesla_AI) <a href="https://twitter.com/Tesla_AI/status/1915080322862944336?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
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The video showcased what the service experience could potentially look like as it revealed a few details about the app design and interface as well. Tesla says this limited rollout, restricted just for a set of employees, will help the company further develop its FSD tech.
"This service helps us develop &amp; validate FSD networks, the mobile app, vehicle allocation, mission control &amp; remote assistance operations," Tesla said in the post.
Why It Matters: The reveal comes in as CEO Elon Musk had recently shared in the Q1 earnings call that Tesla would roll out its <a href="https://www.benzinga.com/news/earnings/25/04/44943387/elon-musk-shares-fsd-update-at-tesla-earnings-call-10-to-20-model-ys-will-offer-paid-robotaxi-rides-in-june">robotaxi services in June</a>. Musk's comments came as he had earlier predicted Tesla cars would be able to <a href="https://www.benzinga.com/markets/equities/25/04/44834045/tesla-touts-fsd-capabilities-elon-says-predicts-cars-will-soon-drive-itself-right-to-your-house">drive themselves to people's houses</a> straight from the factory.&nbsp;
While Tesla's FSD tech <a href="https://www.benzinga.com/markets/equities/25/03/44349240/googles-waymo-leads-robotaxi-race-with-2-millon-paid-rides-zoox-challenges-tesla-for-second-spot-as-unsupervised-autonomy-becomes-table-stakes-says-gary-black">still lags behind</a> the likes of 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>) Waymo, Musk's optimism has boosted investor confidence as Tesla shares experienced a 5% surge on Tuesday following the earnings call.
It's worth noting that the company experienced a 71% year-over-year plunge in profits in Q1 2025, leading to a decline in investor confidence and criticism of Musk's involvement in politics.
However, analysts have since hailed Musk's move to scale back on his DOGE commitments and focus on Tesla, which has led to experts like Dan Ives <a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">setting a high price target </a>for Tesla shares.
Price Action: TSLA currently trades at $250.74 on the NASDAQ, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/25/04/44971301/elon-musk-was-our-tony-stark-until-he-wasnt-tesla-ceos-icarus-moment-chronicled-in-new-book">Elon Musk Was Our Tony Stark Until He Wasn&#8217;t: Tesla CEO&#8217;s Icarus Moment Chronicled In New Book</a></li>
</ul>
Image Via Shutterstock

Tesla Quietly Launched Robotaxi Service For Employees Before June Debut—Now Reports 1,500 Completed Trips

Merger Sub intends to use the proceeds from the Offering, along with borrowings under new senior secured credit facilities, proceeds from QXO's previously announced equity offerings, and available balance sheet cash, to fund the transactions contemplated by the Merger Agreement and pay related fees and expenses.

Reported Earlier, QXO Affiliate Queen MergerCo Prices Upsized $2.25B Note Offering To Fund Strategic Acquisition Of Beacon

Reported Earlier, Rakuten Mobile And Cloudflare Team Up To Provide Scalable Zero Trust Cybersecurity For Japanese Businesses

Press Releases

OrangeKloud Technology Inc. Announces Pricing of $13.1 Million Initial Public Offering

OrangeKloud Technology Inc. Announces Closing of $13.1 Million Initial Public Offering

Orangekloud Technology Inc. and Electronics Industries Training Centre (ELITC) Sign MOU to Enhance Workforce Skills and Drive Digital Transformation in Singapore

OrangeKloud partners with AI Singapore (AISG) to enhance No-Code App Building Technology with Artificial Intelligence

Orangekloud SaaS Solutions to be Distributed in South Africa via MOU Signed with JPJ Medical

Financing

Orangekloud Technology Signs S$1M Strategic Investment in Award-Winning Cybersecurity Firm, Evvo Labs

Orangekloud Technology Inc. and Electronics Industries Training Centre (ELITC) Ink Partnership Agreement to Empower Workforce Skills Development and Digital Transformation in Singapore

Orangekloud Introduces AI-Powered No-Code Application Development Platform at GITEX Global

Orangekloud Technology Appoints Mr. Toh Puay-Yong as Chief Financial Officer

Orangekloud Pioneers the Future of AI-Driven No-Code Development with Beta Launch of eMOBIQ® AI

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