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Sometimes, you have to downsize to cut costs. It's pretty common for retirees to reduce their costs to give their nest eggs more mileage. However, cutting costs can also make people comfortable with staying low instead of pushing toward challenges.
That's why a Redditor is concerned that <a href="https://www.reddit.com/r/personalfinance/comments/1kp46to/brother_wants_to_finance_an_rv_to_live_in_because/">her brother wants to finance an RV</a> because rent is too high. The brother is married with kids, and this decision can reduce costs while giving him ownership of an asset. However, the Redditor isn't sure if it's a good idea.
"My gut tells me this is a poverty trap," the Redditor explained.
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Other Redditors jumped into the comments to share their thoughts about financing an RV.
<h2 class="wp-block-heading">RV Living Is Getting More Common</h2>
RV living has been growing since the pandemic due to its affordability and flexibility. The Personal Finance Reddit community suggested getting an RV that's a few years old to save on costs. New RVs are more expensive, and they have higher insurance and maintenance costs as well.&nbsp;
However, the brother will have to buy an RV that is less than 10 years old. Most long-term RV parks will not let you park your RV there if it is more than 10 years old.&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">You Are The Average Of The Five People You Spend Time With</h2>
Living in an RV may be a poverty trap if the brother doesn't have the goal of owning a house in the future. Having a bigger goal can inspire you to work harder and put yourself in a better community.
While each RV community is different, he may get comfortable with owning an RV and scrape by with that setup. We don't know about the brother's level of ambition or the people he surrounds himself with. However, if he isn't surrounded by ambitious people, he is unlikely to become more ambitious than he currently is.
This mentality can also help the brother when the RV inevitably needs repairs or breaks down. RVs don't last forever, and RV parks can boost their rents at any time. Most RVs can last for 100,000 to 300,000 miles, with a range of 10 to 30 years.&nbsp;
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
<h2 class="wp-block-heading">Living In An RV Can Be A Tremendous Move If You Do It Right</h2>
Although RV living has risks, it can be a great idea if you approach it with the right mentality. One Redditor explained in the comments that they know doctors and nurses who have lived in RVs for two to five years to save money. Then, they were able to become debt-free and buy their dream home.
The doctors and nurses in this example could have bought a smaller home instead of living in an RV. However, they now have much larger homes in more desirable locations. Doctors and nurses aren't the only ones to capitalize on the RV living costs.
The original poster mentioned that the brother has that type of plan. RV living as a short-term solution can bolster your finances and set you up for a better lifestyle in the future.
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
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Image: Shutterstock

Personal Finance

A Redditor Is Concerned About Their Brother Financing An RV Because Rent Is Too High: 'My Gut Tells Me This Is A Poverty Trap'

A recent <a href="https://x.com/BowTiedBroke/status/1924428452641259679">post on X</a> sparked discussion about the current state of Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) that featured a detailed list of checkout chores shared by a guest.
&#8220;Here is one more reason why many crappy Airbnb's aren't doing so well this year,&#8221; the post read, alongside a list of checkout instructions that included tasks like starting the dishwasher, stripping sheets, placing towels in specific baskets, reattaching TV remotes with Velcro, and returning split air unit remotes to their holders.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here is one more reason why many crappy Airbnb's aren't doing so well this year. <a href="https://t.co/lzTM983cQh">pic.twitter.com/lzTM983cQh</a>
&mdash; BowTiedBroke (@BowTiedBroke) <a href="https://twitter.com/BowTiedBroke/status/1924428452641259679?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">Invest before it's too late.</a></li>
<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 $0.30/share!</a></li>
</ul>
On the other hand, Airbnb's first-quarter revenue <a href="https://www.benzinga.com/general/travel/25/05/45154143/airbnb-narrowly-beats-q1-earnings-revenue-estimates-says-business-model-can-adapt-to-consumer-uncertainty-teases-big-announcement">increased 6% year-over-year</a> to $2.27 billion, beating analyst estimates of $2.26 billion. So it seems that the company as a whole is doing just fine, even though people are complaining about their experiences.&nbsp;
<h2 class="wp-block-heading">The Main Complaint? Do Chores, Pay Fees</h2>
The post received a wide range of reactions, with a recurring theme: guests are tired of being asked to do housework while still paying cleaning fees as high as $350.
&#8220;No one wants to do all this AND pay a $350 cleaning fee. Get real,&#8221; one reply said.
Another user echoed the sentiment: &#8220;Please work for free during your stay AND pay for cleaning fees.&#8221; One comment joked, &#8220;What I really want out of a vacation is going to a hotel but then getting fined $500 for not mowing the grass.&#8221;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Not Everyone Agrees</h2>
Some pushed back, saying the list wasn't that unreasonable. &#8220;This particular list is reasonable and most of it comes with picking up after oneself and respecting a space one does not own,&#8221; one person wrote.
A property manager from the Dominican Republic explained, &#8220;In my opinion, these are reasonable requests from hosts. Cleaning up after some guests is challenging, so we request specific preparations before departure due to quick turnarounds for new guests.&#8221;
But the original poster responded, &#8220;The issue is, most of these in the [U.S.] charge a $350 cleaning fee to the guest on top of having a 20 bullet point list for things the guest needs to do.&#8221;
<h2 class="wp-block-heading">Hotels Are Winning People Back</h2>
Many say they've gone back to staying in hotels. &#8220;Hotels are back in fashion for this exact reason. Are they more expensive? Sure. But you don&#8217;t lift a finger and no additional fees,&#8221; one reply stated.
&#8220;Back to free breakfast, fresh sheets daily, and the AC so cold the coils freeze up,&#8221; another added.
One person summed up the frustration: &#8220;The cold hard truth for Airbnb hosts is if you want hotel rates you gotta provide hotel service.&#8221;
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">What Works: Less Is More</h2>
Some hosts shared their approach to keeping things simple. &#8220;We only tell guests to put used towels on the bathroom floor. That's it,&#8221; one said.
Another added, &#8220;I don't charge a cleaning fee and I ask guests to leave towels on the floor and that's it. Rarely does the place get left messy. I treat people like adults. The laundry list of chores is such a turnoff.&#8221;
Another person suggested a better system: &#8220;These instructions should be mandatory transparent before booking. No additional instructions with to-do lists allowed after booking.&#8221;
<h2 class="wp-block-heading">Still Useful, But for Specific Cases</h2>
Plenty of replies agreed Airbnb still makes sense—but only in certain scenarios. &#8220;Airbnbs are cool for something that is 1+ month or 1+ week with a big group,&#8221; one person said. Another listed three use cases: big groups, unique stays, or rural areas with no hotels.
But for regular travelers, the math no longer adds up. As one commenter put it, &#8220;What makes these requests far from reasonable are the non-negotiable $350 cleaning charges tacked onto your bill.&#8221;
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<li>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 $0.30/share!</a></li>
</ul>
Image: Shutterstock

News

ABNB

Someone Shared An Airbnb Checkout Chore List Saying, 'One More Reason Why Many Crappy Airbnb's Aren't Doing So Well This Year'

In a powerful demonstration of their growing market influence, retail traders stepped in aggressively on Monday following Moody&#8217;s credit downgrade late Friday afternoon, reversing what could have been a significant market decline.
<h2 class="wp-block-heading">Record-Breaking Retail Activity</h2>
Individual investors purchased a net <a href="https://x.com/Barchart/status/1924616777608073323">$4.1 billion in US stocks</a> by 12:30 pm ET, setting a new record for that time of day. This surge in buying came after the S&amp;P 500 fell nearly 1% on the Moody&#8217;s news. By afternoon, the index had completely recovered, trading roughly flat—a testament to retail traders&#8217; impact as they comprised 36% of total trading volume.
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The buying was concentrated in retail favorites, with Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) recording inflows of $675 million and $439 million respectively.
<h2 class="wp-block-heading">The &#8220;Never Again&#8221; Mentality</h2>
&#8220;There is almost an unwavering commitment from retail to never make that mistake again,&#8221; <a href="https://x.com/TicTocTick/status/1924613503182373201">noted</a> Frank Monkam of Buffalo Bayou Commodities, referring to lessons learned from previous market downturns when selling during dips meant missing substantial recoveries.
<h2 class="wp-block-heading">Shifting Market Dynamics</h2>
This event highlights several important trends:
<h2 class="wp-block-heading">Retail Resilience</h2>
Individual investors are demonstrating remarkable commitment to equities, having learned that temporary downturns often represent buying opportunities.
<h2 class="wp-block-heading">&#8220;Buy the Dip&#8221; in Action</h2>
The swift response to the market decline shows retail investors executing the &#8220;buy the dip&#8221; strategy with increasing confidence.
<h2 class="wp-block-heading">Retail vs. Institutional Divergence</h2>
While retail traders jumped into the market enthusiastically, institutional investors—traditionally considered &#8220;smart money&#8221;—largely remained on the sidelines, representing a potential shift in market dynamics.
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Market Implications</h2>
The immediate impact was clear in the market&#8217;s quick recovery, but longer-term implications could be significant:
Stocks may experience heightened volatility as retail buying momentum counteracts negative news-driven selling. If economic indicators remain positive, with improvements in corporate and consumer balance sheets and falling inflation, institutional investors may return to the market, potentially fueling a stronger bull run.
Most importantly, this event provides further evidence that retail participation is increasingly important in defining market resilience and recovery patterns.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">What This Means for You</h2>
As an individual investor, consider:
<ol class="wp-block-list">
<li>Market reactions create opportunities: Major news events can trigger institutional selling that creates temporary buying opportunities.</li>
<li>Collective retail power matters: The combined actions of retail investors can now meaningfully impact market direction.</li>
<li>Strategic patience pays off: Viewing market dips as potential buying opportunities rather than reasons to panic may benefit long-term returns.</li>
<li>Risk management remains essential: While &#8220;buying the dip&#8221; worked in this instance, maintain appropriate diversification and risk management for your personal financial situation.</li>
</ol>
As retail participation continues to reshape market dynamics, stay attentive to both the opportunities and risks in this evolving landscape.
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Image: Shutterstock

PLTR

TSLA

Record $4.1 Billion Retail Buying Spree: What This Market Recovery Means For Your Portfolio

A history of beating the S&amp;P 500 has turned Warren Buffett into one of the greatest investors of all time and helped boost the strong returns for conglomerate Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">over the years.</a>
With the announcement that Buffett will <a href="https://www.benzinga.com/25/05/45184410/warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-asks-board-to-confirm-greg-abel-as-successor">be stepping down</a> as CEO of Berkshire Hathaway at the end of 2025, here's a look at three of the "Oracle of Omaha's" investment principles.
Own Stocks for Long Term: One Warren Buffett investing principle is to buy and hold stocks.
Buffett&nbsp;<a href="https://www.benzinga.com/general/education/24/08/40652464/warren-buffett-celebrates-94th-birthday-with-1-trillion-market-cap-milestone-a-look-back-at-hig">bought&nbsp;his first stock </a>at the age of 11 at $38 a share. Buffett sold the stock at $40 for a gain on his purchase.
The share would climb to over $200 later, and he cites&nbsp;that as when he learned a lesson on patience in investing.
"If you aren't thinking about owning a stock for 10 years, don't even think about owning it for 10 minutes."
Buffett bought shares of&nbsp;Coca-Cola&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), one of his largest holdings, back in 1988.
"Our favorite holding period is forever," he has said.
Read Also: <a href="https://www.benzinga.com/25/04/44928468/warren-buffett-believer-in-american-companies-critical-of-tariffs-the-tooth-fairy-doesnt-pay-em">Warren Buffett, Believer In American Companies, Is Critical Of Tariffs: &#8216;The Tooth Fairy Doesn&#8217;t Pay &#8216;Em&#8217;</a>
Buy What You Know:&nbsp;Buffett&nbsp;<a href="https://www.benzinga.com/top-stories/20/08/17294671/a-look-at-berkshire-hathaways-top-9-holdings-on-warren-buffetts-90th-birthday" target="_blank" rel="noreferrer noopener">invested</a>&nbsp;in Coca-Cola as a fan and consumer of the product.
When Buffett&nbsp;<a href="https://www.cnbc.com/2017/09/28/warren-buffett-describes-a-moment-when-he-was-20-that-changed-his-life.html" target="_blank" rel="noreferrer noopener">became a student</a>&nbsp;of renowned investor Benjamin Graham, he wanted to learn more about a company called GEICO that Graham was chairman of.
Buffett took a train ride to GEICO headquarters and was let in by a janitor. Buffett had a meeting with Lorimer Davison, the only person working that day.
Davison, who would become the CEO of GEICO, answered Buffett&#8217;s questions and gave him the knowledge needed to later invest in the insurance company.
Buy Stocks at Reasonable Prices:&nbsp;Buffett&nbsp;<a href="https://www.gurufocus.com/news/250105/warren-buffetts-simple-formula-for-picking-stocks" target="_blank" rel="noreferrer noopener">believes</a>&nbsp;in investing in companies that have reasonable valuations and are profitable.
Buffett&#8217;s&nbsp;principles say to invest in companies that have easily understood business models,&nbsp;predictable and proven earnings, and an economic moat:&nbsp;"Never invest in a business you cannot understand."
In 2016, <a href="https://www.benzinga.com/general/education/25/05/45208955/warren-buffetts-giant-berkshire-portfolio-top-10-includes-banks-oil-and-apple">Buffett invested in</a>&nbsp;Apple Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;after years of shying away from the technology sector.
Buffett believed Apple&#8217;s business was the best in the world and the valuation was right to start a position. Apple is now the largest stock holding by value in the Berkshire Hathaway portfolio.
While Buffett's investing principle is to buy and hold stocks forever, he is willing to sell them if valuations are not in line with what he sees going forward.
Buffett bought airline stocks, an industry he avoided for years as unprofitable, and then sold them in early 2020 during the pandemic. Buffett believed it would take years for the airline industry to recover and that there could be an oversupply of planes.
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/10/41418702/warren-buffetts-words-of-wisdom-benzinga-readers-pick-their-favorite-oracle-of-omaha-quote">Warren Buffett&#8217;s Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote</a></li>
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This article was previously published by Benzinga and has been updated.
Image created using artificial intelligence via Midjourney.

Education

Management

AAPL

Warren Buffett Investment Success: 3 Simple Rules To Copy Oracle Of Omaha

On Thursday at a private dinner for investors in the $TRUMP memecoin, President Donald Trump joked about the attempt on his life. The event, which took place at Trump&#8217;s Virginia golf club, has been the subject of criticism from both political sides.
What Happened: During the event, Trump made light of the July 2024&nbsp;attempt on his life in&nbsp;Butler, Pennsylvania, after a balloon popped in the audience. The crowd responded with laughter and chants reminiscent of the incident.
The dinner was closed to the public and press, and took place amidst critique of the crypto-venture, which many view as a blatant scheme for Trump&#8217;s enrichment. The footage of the event was obtained <a href="https://www.mediaite.com/media/news/leaked-video-trump-does-shock-assassination-joke-at-crypto-memecoin-gala/">by</a> Mediaite.
"My ear!" Trump quipped in reference to the shot that grazed him during his rally. "That was amazing, very strange noise. That brings back some not-such-good memories."
White House Press Secretary&nbsp;Karoline Leavitt&nbsp;defended the event, stating that Trump was attending during his &#8220;personal time&#8221; and not&nbsp;in his capacity as head&nbsp;of state. 
Also Read: <a href="https://www.benzinga.com/news/25/05/45488790/poll-shows-trumps-approval-rating-underwater-on-nearly-everything-from-economy-to-abortion">Poll Shows Trump&#8217;s Approval Rating Underwater on Nearly Everything From Economy to Abortion</a>
However, attendees reported dissatisfaction with the service and Trump&#8217;s lack of engagement with the majority of guests, who paid&nbsp;an average of $1.7 million&nbsp;per seat.
Trump&#8217;s joke about the assassination attempt was not the only one he made during the evening, as he also made light&nbsp;of former President Joe Biden.
Why It Matters: The event has raised eyebrows due to its secretive nature and the high cost of attendance. 
Critics argue that the $TRUMP memecoin venture is a clear attempt by the former president to enrich himself, while supporters see it as a legitimate investment opportunity. 
The fact that Trump chose to joke about a serious event such as an assassination attempt has also drawn criticism, further fueling the controversy surrounding the dinner.
Read Next
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Image: Shutterstock/MikeDotta

Politics

Trump Makes Light Of Assassination Attempt At Exclusive Memecoin Investor Dinner: 'That Brings Back Some Not-Such-Good Memories'

The tech industry could witness a shift in power as OpenAI, under the leadership of CEO Sam Altman, acquires Jony Ive&#8217;s startup, io, for a staggering $6.5 billion. Ive, a key player in Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) design history, will now be directing design at OpenAI.
Bloomberg's&nbsp;Mark Gurman,&nbsp;in his&nbsp;<a href="https://www.bloomberg.com/news/newsletters/2025-05-25/how-jony-ive-openai-deal-will-impact-apple-new-details-on-apple-s-ios-redesign-mb3lwu45?srnd=undefined&amp;sref=TBDibEcD">latest</a>&nbsp;weekly "Power On" shared that Apple&#8217;s stronghold in the tech industry is being challenged. 
The tech giant, which has been grappling to make significant progress in artificial intelligence, is seeing an exodus of talent, including high-ranking executives and engineers. This comes at a time when competitors like Google and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are making strides in generative AI.
Jony Ive, Apple&#8217;s former designer who played a pivotal role in the design of the&nbsp;iPhone and other iconic products, has now joined the ranks of a competitor. OpenAI has acquired Ive&#8217;s io startup for a whopping $6.5 billion. Ive will now be in charge of design at OpenAI, which includes the development of new hardware devices.
While Apple&#8217;s annual Worldwide Developers Conference on June 9 will showcase redesigned versions of Apple&#8217;s operating systems, no major AI breakthroughs are anticipated. The OpenAI deal is a wake-up call for Apple, which seems to be stuck in a legacy world.
Also Read: <a href="https://www.benzinga.com/tech/25/05/45338324/apples-2027-vision-foldable-iphones-smart-glasses-and-ai-innovations">Apple&#8217;s 2027 Vision: Foldable iPhones, Smart Glasses, And AI Innovations</a>
Despite these hurdles, Apple&#8217;s iOS ecosystem continues to be the most cohesive in the tech world. However, the tech landscape is evolving, and AI is fast becoming as fundamental&nbsp;as the multitouch display was&nbsp;two decades ago. Apple&#8217;s past triumphs don&#8217;t assure its future, and the company is evidently struggling to adapt.
Apple is developing&nbsp;smart glasses for next year,&nbsp;but this device will be an add-on&nbsp;to the iPhone, not a&nbsp;substitute. 
The pressure is mounting for Apple to pioneer the next computing era, which entails revitalizing&nbsp;the Apple Intelligence platform, launching&nbsp;innovative new hardware, and creating the next iPhone before its competitors.
The acquisition of Ive&#8217;s startup by OpenAI signals a significant shift in the tech industry. With Apple&#8217;s key talent moving to competitors and the company&#8217;s struggle to make substantial progress in AI, its dominance is under threat. 
The tech landscape is evolving rapidly, and companies that fail to adapt risk being left behind. This development underscores the importance of AI in shaping the future of the tech industry.
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Tech

MSFT

OpenAI's Acquisition Of Jony Ive's Startup Poses Threat To Apple's Dominance

Abu Dhabi-based tech firm Group 42 <a href="https://www.g42.ai/resources/news/g42-and-igenius-join-forces-deploy-europes-largest-ai-compute-cluster">said</a> Tuesday that it is partnering with Italian artificial intelligence startup <a href="https://www.benzinga.com/25/04/44936972/vertiv-nvidia-igenius-launch-ai-supercomputer-project-in-italy">iGenius</a> to build what it calls Europe's "largest" <a href="https://www.benzinga.com/news/22/11/29750995/nvidia-microsoft-team-up-to-build-landmark-cloud-ai-computer">AI computer</a> deployment.
The $1 billion project, called Colosseum, will be developed over five years using Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) technology, and is expected to transform Italy into a key hub for AI innovation,&nbsp; <a href="https://www.reuters.com/world/middle-east/italy-uae-announce-deal-artificial-intelligence-hub-2025-05-16/">Reuters</a> reports.
The agreement is part of a broader $40 billion investment commitment from the United Arab Emirates to Italy,<a href="https://www.governo.it/sites/governo.it/files/UAE-ITA-Joint-Statement-20250224_0.pdf"> announced</a> during a bilateral summit in February in Rome. Prime Minister Giorgia Meloni called the partnership a "key milestone" in reshaping Italy's economic and technological future.
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<h2 class="wp-block-heading">A Billion-Dollar Colosseum Of Code in Italy</h2>
Colosseum, the name of the new data center, will be housed in southern Italy and aims to establish the region as a powerhouse for AI development. G42, backed by Abu Dhabi's sovereign wealth fund Mubadala and U.S. private equity giant Silver Lake, will lead financing for the initial buildout, Reuters reports.
According to Reuters, Italian Industry Minister Adolfo Urso highlighted the project during Investopia's conference in Milan on May 16, pointing to &#8220;strong chances&#8221; that the facility will be located in the Apulia region.&nbsp;
The supercomputer will rely on advanced Nvidia systems, which have become the gold standard for training large-scale language models and generative AI technologies, according to <a href="https://www.bigdatawire.com/2024/12/11/nvidia-touts-lower-time-to-first-train-with-dgx-cloud-on-aws/">BigDataWire</a>. Specifically, Colosseum will deploy approximately 80 of Nvidia&#8217;s GB200 NVL72 servers, each equipped with 72 Blackwell chips,<a href="https://www.reuters.com/technology/artificial-intelligence/italian-startup-igenius-nvidia-build-major-ai-system-2024-12-05/"> Reuters</a> says. With this infrastructure, Colosseum is expected to support everything from scientific research and healthcare applications to smart city planning and real-time industrial optimization.
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<h2 class="wp-block-heading">A Strategic Pivot Toward AI Dominance</h2>
The AI initiative is one of over 40 new deals signed between the UAE and Italy as part of a comprehensive strategic partnership. The broader package includes collaborations in energy, defense, telecommunications, and cybersecurity, <a href="https://www.reuters.com/world/europe/uae-plan-40-billion-investments-italy-pm-meloni-says-2025-02-24/">Reuters</a> reports.
Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>), Italy's energy giant, signed parallel agreements with G42 and other UAE firms to power data centers using natural gas plants equipped with carbon capture technology. Meanwhile, Italian defense manufacturer Leonardo signed a follow-up deal with the UAE's EDGE Group focused on joint production and technology transfer, according to Reuters.
Meloni emphasized that this realignment reflects Italy's focus on strategic sectors. Reuters says the prime minister called the UAE's financial commitment a &#8220;historic&#8221; opportunity to drive growth and reshape Italy's international role.
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&#8220;It is a historic day, another milestone in our relationship. The choice we made was to focus this partnership on strategic axes, such as artificial intelligence, data centers, space research, renewable energy, and rare earths,&#8221; Meloni said during the Italy-United Arab Emirates Business Forum, according to Reuters.
<h2 class="wp-block-heading">Nvidia, Mubadala, And Silver Lake Signal Serious Stakes</h2>
Support from Nvidia, Mubadala, and Silver Lake underscores the scale and strategic weight behind the Colosseum project. According to Reuters, Charlie Boyle, vice president and general manager of DGX systems at Nvidia, said Colosseum will be one of the largest deployments of Nvidia&#8217;s flagship servers globally.
G42's links to Abu Dhabi's royal family and its growing role in the AI ecosystem reinforce the significance of the partnership, Reuters says. As Italy works to establish itself as a leading force in European AI, the Colosseum project could become a key asset in that strategic push.
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NVDA

Abu Dhabi–Backed G42 And iGenius Team Up To Build Europe's Most Powerful AI Supercomputer Using Nvidia Chips In Italy

The world was undeniably once in love with Harry Potter. <a href="https://www.benzinga.com/tech/25/05/45428241/elon-musks-grok-ai-got-asked-how-many-times-has-hbo-changed-its-name-leaves-user-stunned-with-racially-charged-response">HBO</a> hopes that it still is, despite its author&#8217;s contentious opinions.
The books have sold 230 million copies in the U.S. and 600 million worldwide, making it the bestselling book series of all time, according to U.S. publisher<a href="https://www.scholastic.com/newsroom/all-news/press-release/scholastic-marks-25-year-anniversary-of-the-publication-of-j-k--.html"> Scholastic</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>).<a href="https://www.the-numbers.com/movies/franchises"> The Numbers</a> show the film franchise having grossed over $9.5 billion.
Now, however, the Potter brand has become a lightning rod for debate due to its author, J.K. Rowling&#8216;s<a href="https://www.theguardian.com/books/2025/apr/18/jk-rowling-harry-potter-gender-critical-campaigner"> divisive views</a> on transgender women. As HBO casts for the new <a href="https://www.benzinga.com/general/entertainment/24/12/42257593/harry-potters-ron-weasley-cursed-with-2-3m-tax-bill-after-losing-lawsuit">Harry Potter</a> series, executives have been forced to defend their decision to promote Rowling&#8217;s most famous creation further.
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<h2 class="wp-block-heading">HBO Has Been In Business With Rowling For 25 Years</h2>
&#8220;The decision to be in business with J.K. Rowling is not new for us. We&#8217;ve been in business for 25 years,&#8221; HBO&#8217;s chief content officer, Casey Bloys, said recently on<a href="https://puck.news/podcasts/the-town/"> &#8220;The Town&#8221; podcast</a>. According to<a href="https://variety.com/2025/film/news/john-lithgow-jk-rowling-backlash-hbo-harry-potter-series-1236379724/"> Variety</a>, HBO and the new cast members have already faced criticism for being involved with Rowling.
On the podcast, Bloys was asked if he feared Rowling&#8217;s trans views could affect the show&#8217;s success. &#8220;We already have a show on HBO from her called ‘C.B. Strike' that we do with the BBC,&#8221; he responded, &#8220;It&#8217;s pretty clear that those are her personal, political views. She&#8217;s entitled to them. ‘Harry Potter' is not secretly being infused with anything. And if you want to debate her, you can go on Twitter.&#8221;
<h2 class="wp-block-heading">Rowling Actively Involved In the Harry Potter Reboot</h2>
Rowling&#8217;s role in the new reboot is far from passive. Last year, Bloys<a href="https://variety.com/2024/tv/news/harry-potter-hbo-series-jk-rowling-transphobia-1236215642/"> told reporters</a> that Rowling was &#8220;very, very involved in the process of selecting&#8221; showrunner Francesca Gardiner and director Mark Mylod for the new series.
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&#8220;We are proud to once again tell the story of Harry Potter — the heartwarming books that speak to the power of friendship, resolve and acceptance,&#8221; an<a href="https://variety.com/2024/tv/news/harry-potter-hbo-series-jk-rowling-transphobia-1236215642/"> HBO statement</a> said. &#8220;J.K. Rowling has a right to express her personal views. We will remain focused on the development of the new series, which will only benefit from her involvement.&#8221;
<h2 class="wp-block-heading">Heavy Investment</h2>
HBO is investing heavily in the new series, which it expects to enjoy the same success as its other top-rated shows. &#8220;You know we make shows at this scale with ‘House of the Dragon,' ‘Game of Thrones,'" Bloys told<a href="https://deadline.com/2025/03/harry-potter-tv-series-max-release-date-cast-1235323284/"> Deadline</a> in March. &#8220;I imagine it will be that scale or higher. The shorter answer is whatever it takes to make a quality show.&#8221;
Deadline reported that &#8220;House of the Dragon&#8221; cost nearly<a href="https://deadline.com/2022/08/house-of-the-dragon-hbo-biggest-marketing-campaign-1235096571/"> $200 million with an additional $100 million</a> spent on a marketing campaign for its debut season — the most ever in HBO&#8217;s history.
HBO is clearly hoping for a big return on their investment with Harry Potter. &#8220;We&#8217;ve not been shy about our excitement around Harry Potter,&#8221; David Zaslav, CEO of HBO parent Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), told said on the company&#8217;s<a href="https://ir.wbd.com/news-and-events/events-and-presentations/event-details/2025/Warner-Bros-Discovery-Fourth-Quarter-2024-Earnings-Call/default.aspx"> Q4</a> <a href="https://www.rev.com/transcripts/warner-bros-discovery-q4-2023-earnings-conference-call-transcript">earnings call</a> in 2023. &#8220;I was in London a few weeks ago with Casey [Bloys] and Channing [Dungey, chair of Warner Bros Television] and we spent some real time with J.K. and her team,&#8221; he said. &#8220;Both sides are just thrilled to be reigniting this franchise. Our conversations were great.&#8221;
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<h2 class="wp-block-heading">Continued Public Appetite For All Things Potter</h2>
The success of the &#8220;Harry Potter and The Cursed Child&#8221; stage production saw Rowling&#8217;s production company earn $10.5 million in 2023, according to Deadline. <a href="https://www.forbes.com/sites/carolinereid/2024/12/30/harry-potter-enchants-theatergoers-as-london-stage-show-sells-more-than-3-million-tickets/">Forbes</a> reported that the London stage show has sold over 3 million tickets, and the Broadway and Chicago shows has grossed over <a href="https://dctheaterarts.org/2023/01/02/broadway-productions-of-harry-potter-and-the-cursed-child-and-chicago-set-new-records/#:~:text=In%20March%20of%202020%2C%20the%20highly%20acclaimed,over%20$250%20million%20since%20opening%20in%202018.&amp;text=It%20also%20set%20a%20new%20single%20performance,of%20Wednesday%2C%20December%2028%2C%202022%2C%20at%20$159%2C106.20.">$250 million</a> to date, showing the continued appetite for Potter-related entertainment.
According to the<a href="https://www.thetimes.com/sunday-times-rich-list/profile/article/jk-rowling-net-worth-sunday-times-rich-list-695xd7kzn"> Times of London&#8217;s</a> &#8220;Rich List&#8221;, Rowling is a billionaire and would be wealthier had she not given away £200 million ($267 million) of her fortune in philanthropy.&nbsp;
Bloys told Deadline he expects the HBO series to arrive in late 2026 or early 2027.
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SCHL

HBO Execs Defend Their Association With J.K. Rowling As New Harry Potter Series Starts Casting. There's A Lot At Stake

High-profile crypto entrepreneur Justin Sun has added a $100,000 Trump-branded watch to his collection of prized possessions. This extravagant gift was presented to him during a special dinner with President Donald Trump.
Sun, the founder of&nbsp;Tron, was among the top 220 supporters of Trump&#8217;s meme coin, $TRUMP. His support earned him an invitation to an exclusive dinner with the president on May 22, where he was presented with the luxury timepiece, reports <a href="https://www.businessinsider.com/everything-you-should-know-about-justin-sun-trump-watch-crypto-2025-5">the </a>Insider. 
Sun, a 34-year-old billionaire with a net worth of around $8.5 billion as per Forbes, is known for his high-profile investments and acquisitions. In 2017, he established Tron, a blockchain firm committed to creating a decentralized internet infrastructure. Tron&#8217;s network currently serves over 308 million users and has facilitated more than 10.4 billion transactions.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43579082/think-tank-calls-for-doj-probe-into-trump-meme-coin-over-possible-anti-bribery-violations">Think Tank Calls for DOJ Probe Into TRUMP Meme Coin Over Possible Anti-Bribery Violations</a>
In 2022, Sun became a member of&nbsp;the Global Advisory Board of&nbsp;the cryptocurrency exchange&nbsp;HTX. His investment portfolio also includes a significant stake in the art world, marked by a $6.2 million acquisition of&nbsp;Maurizio Cattelan&#8217;s conceptual artwork titled&nbsp;&#8220;Comedian&#8221;,&nbsp;a banana duct-taped to a&nbsp;wall.
Despite facing legal issues with&nbsp;the Securities and Exchange Commission&nbsp;(SEC) over accusations of fraud and improper registration of crypto asset securities, Sun remains an influential figure in the crypto and art industries. 
He recently&nbsp;invested an additional $45 million&nbsp;in World Liberty Financial, a venture supported&nbsp;by Trump and his family.
Justin Sun&#8217;s acquisition of the Trump watch underscores his continued influence and financial prowess in the crypto and art worlds, despite legal challenges. 
His recent investments, including the $45 million in World Liberty Financial, indicate his ongoing commitment to high-profile ventures and his confidence in the potential of the crypto market.
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Image: Shutterstock/Kirill Aleksandrovich

Crypto Mogul Justin Sun Dines With Trump, Then Flexes $100K Watch — What's The Deal?

A 78-year-old South Florida woman named Carolyn is now the face of a crisis quietly growing in one of the country's most expensive regions: senior homelessness.
In a powerful <a href="https://youtu.be/bPjsPaQ0W8M?si=R0oErRr0Pt-pUNe8">segment aired last week by South Florida's WSVN-TV</a>, the longtime resident shared how she's been living in her car for nearly two months because her Social Security check doesn't stretch far enough to cover rent.
Her car, a 22-year-old sedan she calls "my baby," is packed with essentials. Her clothes hang neatly in the back seat. In the trunk, she stores her silks — dry-clean-only garments she hasn't been able to afford to care for in a long time. "I'm a neat freak," she said. "This is my dry cleaning — my silks — which I can't afford right now."
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Carolyn sleeps in the driver's seat, upright, with her legs crunched for hours. "My ankles and legs are swollen from having to sit all the time," she said. She gets by on just one meal a day — "I eat one meal a day for $2.02," she said — and stretches it further with a free senior drink. "I buy a jug of water. It's cheaper," she added.
With no housing, her gym membership through Medicare has become her lifeline. "I do go shower and do my makeup, my hair," she said, still holding on to dignity despite the circumstances.
Her only income is Social Security. Over the years, she's sold off many of her belongings, but the rising cost of living left her without options. "I look at it as a journey," she said, trying to stay hopeful. "I've had many journeys in my life."
Carolyn's story struck a nerve with Cassandra Ratliff, the <a href="https://www.pompanobeachfl.gov/residents/homeless-resources">housing and social services manager</a> for the City of Pompano Beach. "It could be my aunt. It could be my mother," Ratliff said. "It just breaks my heart just how humble Carolyn is."
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Ratliff is now helping Carolyn find permanent housing. For now, the city has temporarily placed her in a hotel after her car started leaking during a recent downpour.
According to Ron Book, chairman of the Miami-Dade Homeless Trust, elderly people living on the streets are especially at risk. "We know if you put vulnerable elderly on the street, they're going to die earlier," he said.
And the numbers are climbing. In 2019, seniors aged 65 and older made up 8% of <a href="https://www.myflfamilies.com/sites/default/files/2024-07/Council%202024%20Annual%20Homelessness%20Report.pdf">Miami-Dade County's homeless population</a>. By 2024, it had jumped to 14%. If trends continue, that number could hit 22% by 2030.
While average rent in Florida has dipped slightly — down $151 from last year, according to <a href="https://www.zillow.com/rental-manager/market-trends/fl/">Zillow — it still sits at $2,349</a>, far outpacing what many seniors can afford. The average monthly Social Security retirement benefit in <a href="https://www.ssa.gov/policy/docs/quickfacts/stat_snapshot/">April was $1,999</a>, leaving a gap too wide for many to bridge.
"The face of homelessness has changed," Book warned. "I want people in our community to think about their mothers and their grandmothers and their grandfathers being homeless for the first time."
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
Carolyn echoed the same sobering thought: "It can happen to anyone. Don't think it can't — because I never thought about it."
Despite everything, she's trying to use her voice to help others. "Other people may need somebody to be their spokesperson," she said. "This is the only thing I ever felt ashamed of in my life. And I truly felt ashamed. But this is the right thing to do."
Even while sleeping in her car and surviving on a budget that barely covers food, Carolyn hasn't lost her humor or resilience. "She's falling apart — like me," she joked about her old car.
Now, with a temporary roof over her head and a caseworker fighting for her, Carolyn is hoping this new chapter leads to something better — not just for herself, but for <a href="https://www.benzinga.com/news/25/05/45484392/grant-cardone-proposes-no-property-taxes-for-65-and-over-says-it-would-provide-relief-to-social-security-and-protect-seniors-homes">others silently suffering the same way</a>.
And there are likely many more. According to the <a href="https://www.census.gov/quickfacts/fact/table/FL/PST045224">U.S. Census Bureau</a>, about 22% of Florida's nearly 23 million residents are 64 or older, giving it the third-highest senior population in the country. As that number grows, so does the urgency — because Carolyn's story isn't rare. It's a warning.
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78-Year-Old Florida Woman On Social Security Has Been Living In Her Car For Months Because She Can't Afford Rent: 'I Eat One Meal A Day For $2.02'

Tech entrepreneur Elon Musk fondly recalled his infamous decision to briefly swap the Twitter logo for the Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) meme, a move that triggered a significant surge in the meme coin&#8217;s value. Musk later renamed Twitter &#8220;X.&#8221;
What Happened: On Saturday, Musk responded to a post on X from &#8220;DogeDesigner&#8221; who brought up the memorable event from two years prior. He wrote, &#8220;That was awesome.&#8221;
In April 2023, Musk had momentarily replaced the Twitter logo with the well-known Doge meme, the inspiration behind&nbsp;the original meme cryptocurrency DOGE, and its unofficial mascot.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f602; that was awesome
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1926190193503052046?ref_src=twsrc%5Etfw">May 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/23525663/best-of-2021-elon-musk-responds-to-benzinga-report-lots-of-spacex-tesla-workers-own-dogeco">Elon Musk Responds To Benzinga Report: &#8216;Lots Of&#8217; SpaceX, Tesla Workers Own Dogecoin; He Doesn&#8217;t Own Floki, Shiba Inu</a>
The logo switch, which was in place for roughly a week, resulted in a substantial rise in DOGE&#8217;s price. The meme coin&#8217;s value increased by nearly 8%, followed by a swift additional 30% gain. 
This was perceived by the Dogecoin community as Musk&#8217;s attempt to incorporate his favored meme coin DOGE into Twitter.
Why It Matters:&nbsp;Musk&#8217;s playful antics on Twitter have often had a significant impact on cryptocurrency markets, particularly DOGE. 
His decision to replace the Twitter logo with the Doge meme not only demonstrated his influence on social media but also highlighted the volatile nature of meme coins and their susceptibility to external factors. 
This event serves as a reminder of the power of high-profile individuals in shaping market trends and the potential for social media platforms to influence cryptocurrency values.
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Social Media

$DOGE

Elon Musk Reflects on Twitter's Dogecoin Logo Swap: 'That Was Awesome'

HC Wainwright &amp; Co. analyst Raghuram Selvaraju downgraded the rating on UroGen Pharma Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URGN#NASDAQ">URGN</a>) <a href="https://www.benzinga.com/quote/URGN/analyst-ratings" target="_blank" rel="noreferrer noopener">from Buy to Neutral.</a>
Selvaraju points out that the FDA&#8217;s Oncologic Drugs Advisory Committee voted 5-4 against the benefit-risk profile of UroGen&#8217;s investigational therapy UGN-102 (mitomycin for intravesical solution), intended for patients with recurrent low-grade, intermediate-risk non-muscle-invasive bladder cancer (LG-IR-NMIBC).
According to the analyst, the narrow negative vote significantly lowers the likelihood of UGN-102 receiving timely approval.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/25/04/45047962/urogen-pharma-touts-four-year-response-with-urothelial-cancer-drug-study-highlights-potential-for-bladder-cancer-candidates" rel="noreferrer noopener">UroGen Pharma Touts Four-Year Response With Urothelial Cancer Drug Study, Highlights Potential For Bladder Cancer Candidates</a>
Selvaraju notes that if UGN-102 does receive FDA approval next month — with the only condition being a post-marketing randomized, controlled trial — this scenario would warrant a reassessment of their current rating on the stock.
Selvaraju notes that UroGen concluded the first quarter of 2025 with approximately $200 million in cash, cash equivalents and marketable securities.
According to the analyst, this financial position should be adequate to sustain operations through late 2026, even if UGN-102 fails to secure regulatory approval.
For 2026, the analyst now forecasts a net loss of $2.14 per share, a notable shift from his earlier projection of 27 cents in earnings for the year.
Selvaraju highlights that UroGen is advancing development on UGN-103 and UGN-104, next-generation mitomycin-based formulations for UGN-102 and JELMYTO, respectively.
These candidates combine the company&#8217;s RTGel delivery platform with a novel mitomycin formulation licensed from medac GmbH.
The Phase 3 UTOPIA trial evaluating UGN-103 in patients with low-grade, intermediate-risk non-muscle-invasive bladder cancer is currently enrolling.
Selvaraju anticipates that enrollment will wrap up by mid-2025, with top-line data expected shortly after. If results are positive, a regulatory submission could occur in 2026, potentially leading to FDA approval by 2027.
URGN Price Action: Urogen shares closed at $4.19 on Friday.
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URGN

UroGen Pharma Stock Receives Downgrade As Analyst Cites FDA Panel Setback For Key Bladder Cancer Drug

Citadel CEO Ken Griffin says the secret to building any enterprise boils down to one blunt commandment: learn to sell.
What Happened: Speaking to MBA candidates at Stanford University's Graduate School of Business, the billionaire hedge-fund founder <a href="https://youtu.be/GuF14oKon8A?t=616">recalled</a> visiting an early backer and spotting a gift-shop plaque that read, &#8220;If we're all going to eat, someone has to sell.&#8221;
The $10 tchotchke, he told students, became his career's &#8220;wake-up moment.&#8221; &#8220;You're always selling,&#8221; Griffin said. &#8220;And if you don't like to sell, here's my advice: Get over it.&#8221;
Griffin, now worth roughly $44 billion according to Forbes, urged Gen Z entrepreneurs to exploit their youth. &#8220;When you're in your 20s, what's your worst-case scenario? It's not that bad,&#8221; he said. &#8220;I really deduced that in my 20s, I would take risks in my career. Why not? I have nothing to lose.&#8221; Rejections, he added, are inevitable but invaluable.
The 56-year-old financier also laid out the three traits he prizes in new hires: "intellect, aptitude and communication." Adaptability, he said, separates future founders from also-rans. "The entrepreneurs of any moment in time are the people that have the skill set that is relevant to solve the problems of that moment in time."
See also: <a href="https://www.benzinga.com/25/05/45587151/charlie-munger-said-someone-mailed-him-a-50k-saying-ill-pay-to-work-for-you-he-sent-it-back-but-admired-the-gutsy-move">Charlie Munger Said Someone Mailed Him A $50K, Saying &#8216;I&#8217;ll Pay To Work For You&#8217; — He Sent It Back But Admired The Gutsy Move</a>
Griffin credited his own hedge fund's longevity to collaboration. "Citadel is a team sport," he said. "I am so fortunate to have extraordinarily strong partners that help to create resilience because everyone has a down day, a down week, a down month."
Why It Matters: That team approach has paid off: Citadel has generated about <a href="https://www.benzinga.com/general/24/02/37181785/citadel-is-the-most-successful-hedge-fund-in-history-here-are-its-top-investment-picks">$74 billion in net gains</a> since 1990, making it the most profitable hedge fund on record.
Stalwarts from Silicon Valley to Wall Street keep hammering the same point. Mark Cuban tells founders to <a href="https://www.benzinga.com/news/25/03/44348106/mark-cuban-reveals-the-key-personality-trait-you-need-to-succeed">sell to customers</a> rather than being sold to by them and reminds them that sales numbers don't lie, a mantra he says kept him rich long after his first millions rolled in.
Jeff Bezos lived that lesson in 1995, burning through 60 rejection-filled meetings before persuading 22 believers to buy 20 percent of Amazon for $1 million; he still calls that grind "the <a href="https://www.benzinga.com/news/25/05/45184305/jeff-bezos-says-the-hardest-thing-was-landing-amazons-first-million-says-he-warned-potential-backers">hardest thing</a> I've ever done".
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</ul>
Photo courtesy: viewimage / Shutterstock.com

Success Stories

Citadel Head Ken Griffin Says His Career's 'Wake Up Moment' Proved Everyone's 'Always Selling:' And If You Don't Like It, 'Get Over It'

Warren Buffett, the CEO and chairman of Berkshire Hathaway, has shown a clear preference for stocks over real estate when it comes to long-term investment opportunities.
What Happened: Buffett, during the Berkshire Hathaway annual shareholder meeting, was queried about his continued interest in buying stocks over property. He responded by emphasizing the vast opportunities offered by the US stock market.
&#8220;The security market in the United States presents much more opportunities than real estate,&#8221; Buffett stated.
Buffett underscored his argument by comparing the performance of the stock market and real estate over the past four decades. 
As per the report <a href="https://www.cnbc.com/2025/05/21/warren-buffett-much-more-opportunity-in-stocks-than-real-estate.html">by </a>CNBC, the S&amp;P 500 has seen a rise of 2,218% since 1988, while the S&amp;P CoreLogic Case-Shiller U.S. National Home Price Index has only seen a 374% increase.
Also Read: <a href="https://www.benzinga.com/news/25/05/45185944/warren-buffett-shares-surprising-advice-for-young-investors-and-its-not-about-stocks-who-you-associate-with-is-just-enormously-important">Warren Buffett Shares Surprising Advice for Young Investors—And It&#8217;s Not About Stocks: &#8216;Who You Associate With Is Just Enormously Important&#8217;</a>
Buffett also pointed out the ease and speed of trading stocks as a significant advantage over real estate transactions, which often involve lengthy negotiations and complexities.
&#8220;You can conduct&nbsp;billions of dollars worth of&nbsp;business, completely&nbsp;anonymous, and you can do&nbsp;it in five minutes at the New York Stock Exchange.&nbsp;The trades are complete when&nbsp;they&#8217;re complete,&#8221; Buffett elaborated.&nbsp;&#8220;In real estate, when you&nbsp;make a deal with a&nbsp;distressed lender, when you sign&nbsp;the deal, that&#8217;s just the&nbsp;beginning.&#8221;
Despite Berkshire Hathaway&#8217;s capacity to invest in various types of real estate, Buffett expressed his preference for the simplicity and potential for significant returns offered by the stock market.
Why It Matters: Buffett&#8217;s preference for stocks over real estate is noteworthy, given his significant influence in the investment world. 
His views could potentially shape investor behavior, leading to a shift in investment strategies. The comparison of the performance of the stock market and real estate over the past four decades further highlights the potential of stocks as a long-term investment. 
Buffett&#8217;s comments also underscore the ease and speed of trading stocks, which could be a deciding factor for investors when choosing between these two investment options.
Read Next
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Real Estate

Warren Buffett Advocates For Stocks Over Real Estate As Long-Term Investments: 'There's So Much More Opportunity In Stock Market Than In Real Estate'

After a nearly four-year break, federal <a href="https://www.benzinga.com/personal-finance/25/04/44890297/married-borrowers-could-see-major-changes-to-student-loan-payments-whats-happening-with-idr-plan">student loan payments</a> have resumed — and for millions of Americans, the financial aftermath has been swift and painful. Borrowers are now facing steep drops in their credit scores, with some seeing declines of more than 100 points in just a matter of weeks.
<h2 class="wp-block-heading">Loan Delinquencies Are Now Showing Up on Credit Reports</h2>
Student loan payments officially resumed in October 2023, but thanks to a one-year "on-ramp" period, missed payments weren't reported to credit bureaus right away. That protection ended in October, and now borrowers who've fallen behind are starting to feel the full impact.
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In the first quarter of 2025, 2.2 million federal student loan borrowers became newly delinquent and saw their credit scores fall by more than 100 points, according to the <a href="https://libertystreeteconomics.newyorkfed.org/2025/05/student-loan-delinquencies-are-back-and-credit-scores-take-a-tumble/">Federal Reserve Bank of New York</a>. More than 1 million of those borrowers saw drops of at least 150 points.
A 100-point drop in a credit score can be extremely damaging. According to LendingTree's chief credit analyst Matt Schulz, recovering from such a hit could take years. "It can literally cost you tens of thousands of dollars over the course of your life in the form of higher interest rates, bigger fees and more," Schulz told <a href="https://www.foxbusiness.com/economy/student-loan-delinquencies-tank-credit-scores-millions-borrowers-how-recover">Fox News</a>.&nbsp;
<h2 class="wp-block-heading">One Borrower Lost 137 Points in Just Weeks</h2>
Kayla Quinones, a 26-year-old borrower from Florida, saw her credit score drop 137 points between January and March — and she didn't even realize she was behind on her payments.
Quinones told <a href="https://www.cnbc.com/2025/05/19/some-student-loan-borrowers-see-credit-scores-drop-over-100-points.html">CNBC</a> that although she received emails from the U.S. Department of Education, she thought they were general updates, not action items. It wasn't until she checked her credit score while preparing to move that she discovered the drop.
"I went back into [my loan servicer] website, took a peek, and was just kind of figuring out what is going on," she said.
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Quinones used her savings to pay off the overdue amount and worked with her servicer to set up a payment plan. But the damage to her credit had already been done.
<h2 class="wp-block-heading">A Delinquency Can Derail Big Financial Plans</h2>
For borrowers like Mervelline Aflata of Dallas, falling behind wasn't just about confusion — it was about survival.
Aflata earned her master's degree in 2023 and planned to resume payments in early 2025. But after undergoing surgery and losing her job, she wasn't in a position to pay. By the time she started working again and attempted to make a payment, her credit score had already dropped 154 points.
"Maybe I could have looked into more options with the loan servicer, but in that moment, I was just worried about living," she told CNBC.
Aflata eventually worked with her servicer to bring her account current and filed a dispute with TransUnion. Within a week, the missed payments were removed from her report and her score rebounded — a relief, since she hopes to buy a home soon.
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
<h2 class="wp-block-heading">Is Recovery Possible?</h2>
While some borrowers have been able to bounce back, others may face a long road to recovery. Schulz told Fox News that rebuilding a <a href="https://www.benzinga.com/markets/25/05/45464783/student-loan-payment-tightening-will-prevent-access-to-credit-and-could-have-a-dramatic-effect-on-ho">credit score</a> after a major hit is "a marathon rather than a sprint."
Still, there are steps borrowers can take:
<ul class="wp-block-list">
<li>Check credit reports for errors.</li>
<li>Request goodwill removals of missed payments from servicers.</li>
<li>Become an authorized user on someone else's credit card.</li>
<li>Ask for higher credit limits, but avoid using the new credit.</li>
<li>Above all, making consistent, on-time payments is key.</li>
</ul>
<h2 class="wp-block-heading">Final Thoughts</h2>
The end of the pandemic-era student loan pause has created confusion and financial stress for many. Whether due to a misunderstanding or tough circumstances, falling behind on student loans now has real consequences.
<a href="https://www.benzinga.com/personal-finance/25/05/45497552/americans-consumer-debt-hits-all-time-high-of-18-2-trillion-experts-say-some-borrowers-will-have-a-much-more-difficult-time-getting-credit-going-forward">Credit damage</a> from student loan delinquency doesn't just affect borrowing; it can influence housing, insurance rates, and job opportunities. Checking in early and often with loan servicers may help avoid surprises down the road.
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After A 4-Year Pause, Student Loans Are Destroying Credit Scores — One Borrower Says It Cost Her 137 Points In Weeks

The activist investor who previously proposed a $6.9 billion buyout offer for&nbsp;Macy&#8217;s Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) is reportedly considering a new takeover bid. This comes nearly a year after Macy&#8217;s rejected the initial offer.
What Happened: Arkhouse, in collaboration with Brigade Capital Management, made the initial bid on July 15, 2024. Despite the offer being&nbsp;more than double Macy&#8217;s current&nbsp;share price, the retail giant declined the proposal.
Arkhouse&#8217;s managing partner, Gavriel Kahane, has expressed ongoing disappointment over the rejection. While he did not reveal the size of Arkhouse&#8217;s current stake in Macy&#8217;s, he did not rule out the possibility of a new takeover bid.
&#8220;Macy&#8217;s is still publicly traded,&nbsp;still mispriced, and still in&nbsp;desperate need of someone coming&nbsp;in to save shareholders,&#8221; Kahane&nbsp;<a href="https://finance.yahoo.com/news/macys-former-activist-investor-doesnt-rule-out-a-new-takeover-campaign-195904239.html?ncid=twitter_yfsocialtw_l1gbd0noiom&amp;guce_referrer=aHR0cHM6Ly90LmNvLw&amp;guce_referrer_sig=AQAAAKWl4jO1Sf9nIWTtzssZtwtgKxqJu_23q4rKCRMzgG1_T47nNXbmtEV24XXNxcytas2unRrXTjyVpLcU_OtKLHyNSF2T4qXBZGIYQevoIDzwoD9S9Tp82f852YNPYfOfYZmtOuby_7JHyGvF2IG_TyOPQ6hyPuCzHf3SBSHwGtbB&amp;guccounter=2">told </a>Yahoo Finance.
At the time of the initial bid, Macy&#8217;s CFO Adrian Mitchell found the offer &#8220;not compelling&#8221; in light of Macy&#8217;s potential. The company chose&nbsp;to focus on its turnaround&nbsp;strategy under CEO Tony Spring instead.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/04/38238422/proxy-fight-concludes-yet-macys-future-remains-in-the-balance-report">Proxy Fight Concludes, Yet Macy&#8217;s Future Remains In The Balance: Report</a>
Macy&#8217;s is scheduled&nbsp;to report its first quarter&nbsp;earnings next Wednesday. Wall Street predicts a 3.65% decline in same-store sales and adjusted earnings per share of $0.14, along with revenue of $4.44 billion.
Why It Matters: The potential new takeover bid by Arkhouse comes at a crucial time for Macy&#8217;s. The company is in the midst of a&nbsp;turnaround strategy under CEO Tony&nbsp;Spring, focusing on improving its financial performance. 
The rejection of the previous bid indicates Macy&#8217;s confidence in its potential and strategic plan. However, the ongoing interest from Arkhouse suggests that external parties still see value in the company and believe they can unlock it. 
The outcome of this situation could have significant implications for Macy&#8217;s future direction and shareholder value.
Image: Shutterstock/NYC Russ

Activist Investor Arkhouse Reconsiders Macy's Takeover Bid — Here's What Lies Ahead

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares jumped 53.47% after the company announced it launched its Advantage2 quantum system to address problems in optimization, <a href="https://www.benzinga.com//node/45518005" target="_blank" rel="noreferrer noopener">AI, and materials simulation</a>.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) stock gained 42.49% last week.</li>
<li>Advance Auto Parts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) stock increased 38.94%  after the company <a href="https://www.benzinga.com//node/45567507" target="_blank" rel="noreferrer noopener">reported first-quarter results</a>. Several analysts raised the <a href="https://www.benzinga.com/quote/aap/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) stock rose 32.68% after the company disclosed interim clinical data as of a February 27, 2025, data cutoff from the ongoing phase 2 trial of the bispecific antibody petosemtamab in <a href="https://www.benzinga.com//node/45576972" target="_blank" rel="noreferrer noopener">combination with pembrolizumab</a>.</li>
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares upped 29.56%, probably due to reports indicating that Trump will sign executive orders to ease regulatory <a href="https://www.benzinga.com//node/45590362" target="_blank" rel="noreferrer noopener">requirements for new reactors</a>.</li>
<li>Sibanye-Stillwater Limited ADS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSW#NYSE">SBSW</a>) shares were up 29.26%.</li>
<li>BGM Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGM#NASDAQ">BGM</a>) stock gained 27.20% last week.</li>
</ol>
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D-Wave Quantum And Advance Auto Parts Are Among Top 7 Mid-Cap Gainers Last Week (May 19-May 23): Are The Others In Your Portfolio?

Even billionaires have regrets—and for Warren Buffett, it wasn't a missed investment or market move. It was personal.
In his authorized biography, "The Snowball: Warren Buffett and the Business of Life," Buffett didn't shy away from reflecting on the <a href="https://www.cnbc.com/2008/09/26/warren-buffett-admits-regret-over-wifes-departure-in-new-biography-ny-daily-news.html">one decision he wishes he could undo</a>: letting his wife, Susan, leave their Omaha home.
"It was preventable. It shouldn't have happened. It was my biggest mistake," Buffett told biographer Alice Schroeder, who spent five years documenting his life with full access to his files, family, and inner circle. "Essentially, whatever I did in connection with Susie leaving would be the biggest mistake I ever made."
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</ul>
Published in 2008, "The Snowball" offered readers a rare look at Buffett beyond the shareholder letters and stock picks. While many expected an investing playbook, what they got was something closer to a confession booth.
"It was definitely 95% my fault—no question about that," Buffett said. "It may even have been 99% percent. I just wasn't attuned enough to her, and she'd always been perfectly attuned to me."
The Buffetts married in 1952 and had three children. But by 1977, <a href="https://www.dailymail.co.uk/news/article-2086406/Warren-Buffett-breaks-tears-mention-wife.html">after 25 years together</a>, Susan left Omaha for San Francisco. She wanted to pursue her own life—particularly a singing career—and perhaps needed more than a man consumed by balance sheets and annual reports.
"She felt less needed than I should have made her feel," Buffett admitted. "Your spouse starts coming second. She kept me together for a lot of years… She didn't want to be Mrs. Big… She loved me, and she still loves me, and we have an incredible relationship. But still… it shouldn't have happened. And it's totally my fault."
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Despite the separation, the two never divorced. They remained close—so close, in fact, that Susan introduced Warren to Astrid Menks, the woman who would eventually <a href="https://www.benzinga.com/personal-finance/24/10/41380899/warren-buffetts-second-marriage-was-a-frugal-affair-with-a-discounted-ring-dinner-at-bonefish-gr">become his second wife</a>.
That introduction wasn't random. Susan and Astrid had become friends at The French Café in Omaha, where Susan occasionally performed and Astrid worked as a hostess. Knowing Warren's domestic blind spots, Susan asked Astrid to look after him. She moved in soon after. The setup was unconventional, but it worked—for all three of them.
The <a href="https://www.benzinga.com/24/12/42364120/warren-buffett-was-married-to-one-woman-lived-with-another-and-sent-christmas-cards-signed-by-all-3-daughter-says-not-a-bad-thing">trio even sent out joint holiday cards</a> signed, "Warren, Susan and Astrid."
After Susan's death in 2004, Warren and Astrid married in 2006. But even then, the legacy of Susan's presence in his life loomed large.
"She loved him and takes care of him. If Warren didn't have a cent, she'd be with him," his daughter <a href="https://www.nytimes.com/2006/09/01/business/01buffett.html">Susie Buffett told The New York Times in 2006</a>, speaking about Astrid's commitment. She also described the connection between her mother and Astrid: "Astrid and my mother were very close—really loved each other."
See Also: The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">invest early at $2.25/share.</a>
And of her parents' arrangement, she added, "Unconventional is not a bad thing. More people should have unconventional marriages."
Susan had once told her daughter that she didn't want to simply be known as the wife of a billionaire. "She basically wanted a room of her own," Susie said. "They were very connected in a very deep way. They didn't need to be in the same room."
In the end, Warren Buffett didn't lose Susan. He just lost the version of their relationship that looked traditional on paper. What they built instead was far more complicated—and in many ways, more enduring.
And yes, she introduced him to the woman who would become his partner after her death. It's not your standard love triangle, but nothing about Buffett's life—not even the romance—has ever followed the market.
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</ul>
Image: Shutterstock

Warren Buffett Calls Letting First Wife Move Out His 'Biggest Mistake' — Admits It Was '99%' His Fault, Yet She Introduced Him to His Current Wife

<a href="https://www.benzinga.com/content/43388818/3-stocks-to-gain-from-trumps-family-caregiver-tax-credits">Caregiving is a growing reality</a> for many Americans, with financial, emotional, and professional impacts that are often long-lasting. As more adults take on the responsibility of caring for loved ones, new data reveals the scale of their challenges.
Edward Jones, in partnership with Morning Consult and Age Wave, <a href="https://www.edwardjones.com/us-en/why-edward-jones/news-media/press-releases/caregiver-support#_ftn1">surveyed</a> 3,100 U.S. adults. Here&#8217;s what they found: 
<ul class="wp-block-list">
<li>40% currently identify as family caregivers.</li>
<li>Nearly half of Americans (46%) are expected to become caregivers in the future.</li>
<li>56% of caregivers cite rising costs and inflation as top financial concerns.</li>
<li>95% have at least some level of concern about saving enough for retirement. </li>
<li>Over half (51%) say they've had to cut back on personal spending due to caregiving responsibilities.</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/25/04/45061911/kevin-oleary-urges-americans-to-rethink-retirement-goals-says-social-security-alone-wont-cut-it-throw-out-your-plan-for-freedom-at-55-or-even-65">Kevin O&#8217;Leary Urges Americans To Rethink Retirement Goals</a>
The emotional impact of caregiving is also notable. According to the report, 89% of caregivers view their role as emotionally significant, with 83% reporting stress and 77% experiencing burnout. Two-thirds say it's difficult to prioritize their own health while managing care for others.
Career impacts are also widespread. One in four caregivers (25%) have <a href="https://www.benzinga.com/money/retirement-planning-guide">left the workforce</a>, while 24% have reduced their hours. Some have taken on debt (22%) or drawn from retirement savings (16%) to cover caregiving costs. Despite these pressures, many caregivers report positive outcomes: 80% say caregiving has strengthened their relationships, and over 80% report feelings of fulfillment and appreciation.
The report notes that 57% of caregivers have not sought <a href="https://www.benzinga.com/money/financial-advisor-vs-financial-planner">professional financial advice</a>, but among those who have, 93% say it increased their confidence about the future. Most Americans—across political lines—support public policies to assist caregivers, including expanded retirement savings options and workplace benefits such as financial support or flexible schedules.
With caregiving needs expected to rise, the report highlights increasing demand for support systems, financial planning resources, and policy changes to better address the needs of caregivers across the country.
Now Read:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/25/05/45585378/do-you-have-an-upper-class-nest-egg-heres-what-the-top-20-have-saved-for-retirement-hint-its-less-than-youd-think">Do You Have An &#8216;Upper Class&#8217; Nest Egg? Here&#8217;s What The Top 20% Have Saved For Retirement — Hint, It&#8217;s Less Than You&#8217;d Think</a></li>
</ul>
Image: Shutterstock

Financial Advisors

How Caregiving Is Reshaping Retirement And Spending Habits

Elon Musk, head of X and CEO of Tesla Inc, has announced his renewed commitment to work on xAI and Tesla technologies amidst recent operational difficulties.
What Happened: In response to a post on X about Saturday&#8217;s outages possibly linked to a data center fire in Oregon, Musk expressed his dedication to improving operations. 
He mentioned spending all his time at work and even sleeping in conference, server, or factory rooms. His post emphasized the need for major operational improvements, particularly in light of the recent uptime issues with XAI.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back to spending 24/7 at work and sleeping in conference/server/factory rooms. I must be super focused on &#120143;/xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out. As evidenced by the &#120143; uptime issues this week, major operational…
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1926289580623380780?ref_src=twsrc%5Etfw">May 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also Read: <a href="https://www.benzinga.com/general/social-media/25/01/42805588/elon-musk-announces-changes-to-x-over-negativity-concerns-too-much-negativity-is-being-pushed">Elon Musk Announces Changes to X Over Negativity Concerns: &#8216;Too Much Negativity Is Being Pushed&#8217;</a>
According to Musk, the failover redundancy, a critical aspect of operational stability, did not function as expected. This issue, he suggested, was a key factor in the recent outages.
Why It Matters: Musk&#8217;s post underscores the importance of the upcoming technologies from Tesla and XAI. His commitment to personally oversee these improvements indicates the critical nature of these projects. 
The recent outages and operational issues have highlighted the need for robust and reliable systems, particularly as these technologies continue to roll out.
Furthermore, Musk&#8217;s mention of the upcoming Starship launch next week suggests a busy schedule for the tech mogul. His decision to intensify his focus on these projects at this time underscores the significance of these initiatives for the future of Tesla and XAI.
Read Next
<a href="https://www.benzinga.com/news/24/02/37301290/elon-musk-is-still-attempting-to-defend-hateful-speech-amid-xs-growing-pains-and-public-backlash-rep" target="_blank" rel="noreferrer noopener">Elon Musk Is Still Attempting To Defend Hateful Speech Amid X's Growing Pains And Public Backlash</a>
Image: Shutterstock/JRdes

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