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Palomar Hldgs

Palomar Holdings Inc that provides property and casualty insurance products to individuals and businesses. provide insurance products serving five categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. Company distribute products through multiple channels, including retail agents, program administrators, wholesale brokers, and partnerships with other insurance companies. The companies Earthquake product generate high premium.

Palomar Holdings Inc

News

Nuveen California Dividend Advantage Municipal Fund 2

Reported Earlier, NOVONIX Names Michael O'Kronley CEO, Effective May 19

IOTR

Reported Earlier, iO3's F.R.I.D.A.Y Planned Maintenance System Secures ClassNK Approval, Paving Way For Maritime Digitalization

Last Tuesday, Elon Musk revealed that he is shifting focus from the Department of Government Efficiency to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The announcement sent the <a href="https://www.benzinga.com/markets/25/04/45029648/tesla-stock-skyrockets-20-following-elon-musks-return-and-shift-from-doge">automaker's stock soaring</a> nearly 24% in the past five days. Now, Donald Trump's AI and crypto czar, David Sacks, has offered insight into Musk's management strategy.
What Happened: During <a href="https://www.benzinga.com/news/earnings/25/04/44937440/tesla-q1-misses-estimates-as-tariff-pressures-weigh-on-outlook-lower-cost-evs-still-on-track">Tesla's first-quarter earnings</a> call, Musk said that he would significantly reduce his time commitment to DOGE, dedicating only one to two days per week moving forward.
Over the weekend, in an episode of the All-in Podcast, Sacks explained that Musk isn't entirely stepping away from DOGE but rather streamlining his efforts to better balance his many responsibilities.
&#8220;I saw this before when I was part of the Twitter transition,&#8221; Sacks explained, adding that for the first three months, Musk dedicated intense bursts of time to get the right people in place and then shifted to a maintenance mode.
&#8220;He&#8217;s going to stay involved, but as an SGE [Special Government Employee], he&#8217;s limited to 130 days a year anyway, and so it makes sense for him to kind of now ration his days a little more closely,&#8221; referring to the <a href="https://www.benzinga.com/25/03/44557947/doge-blowback-aside-elon-musk-considers-tesla-a-solid-opportunity">Tesla CEO&#8217;s role at DOGE</a>.
See Also: <a href="https://www.benzinga.com/tech/25/04/44941657/elon-musk-equates-car-ownership-in-future-to-riding-a-horse-while-using-a-flip-phone-pierre-ferragu-says-teslas-iphone-moment-hinges-on-full-autonomy">Elon Musk Equates Car Ownership In Future To Riding A Horse While Using A Flip Phone — Pierre Ferragu Says Tesla&#8217;s &#8216;iPhone Moment&#8217; Hinges On Full Autonomy</a>
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<iframe loading="lazy" title="Trump Rally or Bessent Put? Elon Back at Tesla, Google&#039;s Gemini Problem, China&#039;s Thorium Discovery" width="500" height="281" src="https://www.youtube.com/embed/4tcd1EgQrhU?start=3940&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
Why It's Important: Tesla&#8217;s first-quarter revenue reached $19.34 billion, a 9% drop from the same period last year. This figure fell short of Wall Street&#8217;s expectations, missing the $21.35 billion consensus estimate.
Following Musk's announcement about significantly reducing time at DOGE, Daniel Ives from Wedbush Securities responded positively and <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">raised Tesla's price target</a> to $350 per share.
However, not all analysts were optimistic about Tesla&#8217;s earnings. Ross Gerber expressed growing skepticism about Musk's ambitious projections. Gerber called it the <a href="https://www.benzinga.com/markets/25/04/44941889/teslas-sweet-little-lies-hide-worst-performance-ever-elon-musks-robot-takeover-talk-is-just-a-smokescreen-says-ross-gerber">worst performance he has seen</a> in his 11 years of covering the company.
Price Action: Tesla&#8217;s shares have risen by 23.73% over the past five days. However, despite this gain, the stock is still down 24.87% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
According to Benzinga Edge Stock Rankings, Tesla currently holds a growth score of 45.57%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares</a> to other companies in the sector.
Photo courtesy: Joshua Sukoff / Shutterstock.com
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said Warren Buffett Is A ‘Learning Machine' And That's What Lies Beneath Berkshire Hathaway's Success From One Decade To Another</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Markets

Tech

TSLA

Trump's AI And Crypto Czar David Sacks Says Elon Musk Going To 'Stay Involved' In DOGE, Calls Entrepreneur Rationing His Time Sensible

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Reported Earlier, Faraday Future Receives Powerful Endorsements From California Leaders Backing FX Brand, Bridge Strategy, And YT Jia's Co-CEO Appointment

At the closing of this transaction, Airbus will take ownership of the following Spirit assets:
<ul>
<li>the site of Kinston, North Carolina, U.S. (A350 fuselage sections);</li>
<li>the site of St. Nazaire, France (A350 fuselage sections);</li>
<li>the site of Casablanca, Morocco (A321 and A220 components);</li>
<li>the production of components for the A320 and A350 wings in Prestwick, Scotland;</li>
<li>the production of A220 pylons in Wichita, Kansas, U.S.;</li>
<li>the production of A220 wings in Belfast, Northern Ireland; and</li>
<li>if a suitable buyer is not identified for the remainder of the Belfast site, the production of the A220 mid-fuselage.</li>
</ul>
The assets in Subang, Malaysia related to Airbus programs will also be acquired by Airbus if no suitable buyer is identified before the closing of the transaction.

European Aeronautic Defence And Space Unsponsored

EADSY

Spirit AeroSystems Announces Asset Divestiture To Airbus Ahead Of Boeing Company Acquisition Closing

Elon Musk says the surgical scalpel is about to lose its top billing to algorithms and actuators, predicting "robots will surpass good human surgeons within a few years and the best human surgeons within ~5 years."
What Happened: Replying to tech commentator Mario Nawfal's post on X touting robot-run operating rooms, Musk added that Neuralink "had to use a robot for the brain-computer electrode insertion, as it was impossible for a human to achieve the required speed and precision."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Robots will surpass good human surgeons within a few years and the best human surgeons within ~5 years. <a href="https://twitter.com/neuralink?ref_src=twsrc%5Etfw">@Neuralink</a> had to use a robot for the brain-computer electrode insertion, as it was impossible for a human to achieve the required speed and precision. <a href="https://t.co/ipPhQK8z1j">https://t.co/ipPhQK8z1j</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1916573094367625556?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Neuralink's R1 machine places 64 hair-thin threads into the cortex in about 15 minutes, steering past blood vessels with micron-level accuracy, according to the company's hardware blog and earlier public demos.​ The robot is now part of the <a href="https://neuralink.com/blog/prime-study-progress-update/">PRIME human trial</a> testing the N1 wireless implant in patients with paralysis.​
See also: <a href="https://www.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-wants-you-to-be-typicaldont-let-it-ha">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…Don&#8217;t Let It Happen&#8217;</a>
Musk's timeline lands as autonomous systems notch real-world wins. Johns Hopkins' Smart Tissue Autonomous Robot recently stitched pig intestines with <a href="https://hub.jhu.edu/2022/01/26/star-robot-performs-intestinal-surgery/">leak-free precision</a> that matched or beat experienced surgeons.​ A January study cited by Reuters even found robots reduced complications in complex liver procedures versus open surgery.​
Even semi-autonomous platforms are surging: Intuitive Surgical says its surgeon-controlled da Vinci systems have logged nearly 17 million procedures worldwide.​ Peer-reviewed analyses report that algorithm-guided suturing and screw placement now outperform human averages for accuracy and consistency.​
Why It Matters: Musk isn&#8217;t the only one backing humanoid robots to replace skilled hospital doctors. Bill Gates, in a recent chat, mentioned that he foresees robots with dexterous &#8220;hands&#8221; <a href="https://www.benzinga.com/tech/25/04/44857520/bill-gates-says-his-kids-and-grandkids-will-live-in-a-very-changed-world-as-ai-puts-an-end-to-shortage-of-teachers-and-doctors">making it routine</a> to staff hospitals, adding that he&#8217;s certain that his kids and grandkids will live in a &#8220;very changed world&#8221;.
Meanwhile, Musk also believes Neuralink will <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">help restore vision</a> for the "completely blind," pointing to early milestones such as implant recipient Noland Arbaugh, who now <a href="https://www.benzinga.com/news/25/03/44358022/paralyzed-man-moves-objects-with-his-mind-thanks-to-elon-musks-brain-chip">controls a computer cursor</a> with his thoughts. The bold promise has drawn skeptics, including former White House strategist Steve Bannon, who recently <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">blasted Musk and Neuralink</a> in an interview.
Photo Courtesy: Frederic Legrand &#8211; COMEO On Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/04/45030694/openai-ceo-sam-altman-says-gpt-4o-personality-tweaks-made-it-annoying-fixes-coming-this-week">Sam Altman Admits ChatGPT New Upgrade Made It Too Sycophantic And Annoying: OpenAI CEO Says &#8216;Working On Fixes ASAP&#8217;</a>

General

Elon Musk Says Best Human Surgeons Will Be Outdone By Robots In Almost 5 Years, Cites Example Of His Own Brain-Chip Company

The global cryptocurrency market capitalization stands at $2.93 trillion, showing a 1.04% decrease over the last day. Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) market dominance currently sits at 63.39%, reflecting a slight 0.01% daily decline.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 10.55 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin</td>
<td>-0.73%</td>
<td>$93,601.76</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>-2.16%</td>
<td>$1,774.17</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>-1.12%</td>
<td>$0.1761</td>
</tr>
</tbody>
</table>
</figure>
Trading activity intensified with 97,249 traders liquidated for $176.13 million over 24 hours, as open interest fell 4.62% to $117.06 billion and liquidations rose 2.59% to $175.92 million, Coinglass data shows.
The Crypto Fear &amp; Greed Index remains at a neutral reading of 54, indicating balanced market sentiment.
Traditional markets closed positively on Friday, with the Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), gaining 0.05% to 40,113.50, the S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rising 0.74% to 5,525.21, and the Nasdaq-100 tracked by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) advancing 1.14% to 19,432.56.
Futures linked to the Dow Jones Industrial Average dropped 60 points, or 0.1%. S&amp;P 500 futures declined by 0.2%, while Nasdaq 100 futures fell 0.2%.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains</td>
<td>Price (Recorded at 10.55 p.m. ET)</td>
</tr>
<tr>
<td>Pudgy Penguins (PENGU)</td>
<td>+24.07%</td>
<td>$0.0121</td>
</tr>
<tr>
<td>DeepBook Protocol (DEEP)</td>
<td>+19.18</td>
<td>$0.2071</td>
</tr>
<tr>
<td>Walrus (WAL)</td>
<td>+18.04%</td>
<td>$0.6419</td>
</tr>
</tbody>
</table>
</figure>
Investors will closely monitor this week&#8217;s critical economic events, including the first estimate of the first quarter of 2025 U.S. GDP growth, which analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44520487/negative-gdp-growth-is-more-likely-than-not-in-q1-economist-warns">expect to show significant slowing</a>. 
The jobs report, personal consumption expenditures inflation data, and the Institute for Supply Management Purchasing Managers&#8217; Index will also be in focus. 
Additionally, earnings reports from major tech companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) could influence broader market sentiment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45029413/peter-schiff-questions-trumps-bitcoin-ambition-amid-trade-deficit-concerns-resources-are-just-wasted">Peter Schiff Questions Trump&#8217;s Bitcoin Ambition Amid Trade Deficit Concerns: &#8216;Resources Are Just Wasted&#8217;</a>
Analyst Notes:&nbsp; Prominent cryptocurrency analyst Willy Woo noted on X that &#8220;BTC fundamentals have turned bullish,&#8221; providing a favorable environment to break all-time highs. Woo highlighted increasing capital flows into the network, with both total and speculative flows bottoming out. 
&#8220;All dips are for buying under the present regime,&#8221; Woo summarized, though cautioning that Bitcoin&#8217;s short-term movement may be limited due to overextension.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BTC fundamentals have turned bullish, not a bad setup to break all time highs. I took a break from X to enjoy the NZ summer but every week I put out a series of analysis to my subscribers (this is a hobby, NOT a long term project). Thought I&#39;d post this update publicly.
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1916359463910707450?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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</figure>
Meanwhile, analyst Michaël van de Poppe said that altcoins are turning bullish after &#8220;the longest bear market ever,&#8221; which lasted four years. 
Van de Poppe emphasized the correlation between Chinese Renminbi/U.S. Dollar movements and Ethereum&#8217;s performance against Bitcoin, suggesting that macroeconomic factors are more influential than traditional four-year crypto cycles.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> Turn Bull after Longest Bear Market It&#39;s been an absolutely horrific bear markets for altcoins and a lot of expectations have crushed in the past quarter. I&#39;ve spend all my time figuring out what has happened. Indicators show green. Let&#39;s discuss them &#x2b07;&#xFE0F; First of… <a href="https://t.co/E7uDXK8gpB">pic.twitter.com/E7uDXK8gpB</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1916471668005814510?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto analyst Ali Martinez said that Bitcoin&#8217;s &#8220;Accumulation Trend Score is nearing 1, signaling intense accumulation and strong holder conviction.&#8221;
<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">The <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Accumulation Trend Score is nearing 1, signaling intense accumulation and strong holder conviction. <a href="https://t.co/Y8LaGiroXz">pic.twitter.com/Y8LaGiroXz</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1916584636009885988?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The cryptocurrency market continues its maturation process amid growing institutional adoption, with U.S. Securities and Exchange Commission Chair Paul Atkins recently calling for clearer regulatory frameworks to <a href="https://www.benzinga.com/25/04/45028954/cryptocurrencies-surge-bitcoin-mining-costs-soar-sec-chair-calls-for-clear-crypto-regulations-this-week-in-crypto">help the industry thrive in the United States</a>.
Shutterstock: Yalcin Sonat
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45030998/dogecoin-millionaire-says-give-a-serious-thought-to-floki-as-memecoin-makes-impressive-30-gains-over-7-days-asks-followers-to-strap-in">Dogecoin &#8216;Millionaire&#8217; Says Give A &#8216;Serious&#8217; Thought To Floki As Memecoin Makes Impressive 30% Gains Over 7 Days, Asks Followers To &#8216;Strap In&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Equities

$BTC

$DOGE

$ETH

AAPL

AMZN

SPDR Dow Jones Industrial Average ETF Trust

MSFT

Bitcoin, Ethereum, Dogecoin Drop As Stock Futures Slide: Willy Woo Says 'All Dips Are For Buying' With BTC Eyeing 'All-Time Highs

Hedge fund manager Spencer Hakimian calls out the &#8220;stupidity&#8221; of the current trade and tariff war, while pushing back against the notion that the United States is losing out in global trade.
What Happened: Hakimian, the founder of New York-based hedge fund Tolou Capital Management, posted on X Sunday night, pointing out that S&amp;P 500 companies generate nearly $1.17 trillion in annual revenue from China. 
This is six times more than the value of goods and services these companies export from the U.S. to China, at $200 billion, according to data from FactSet, Macrobond, the Census Bureau, and Apollo&#8217;s Chief Economist.
&#8220;Nobody dominates and benefits more from global trade than the United States,&#8221; Hakiaman says, while highlighting the popularity of American brands and products in China, such as Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone, coffee at Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), and burgers by McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), among several others.
See More: <a href="https://www.benzinga.com/markets/25/04/45030778/trump-running-american-economy-like-a-mafia-don-economist-craig-shapiro-draws-parallels-with-russias-president">Trump Running American Economy Like A &#8216;Mafia Don&#8217;: Economist Craig Shapiro Draws Parallels With Russia&#8217;s President</a>
&#8220;Tearing the current system down voluntarily would be the biggest unforced error in economic history,&#8221; he says, adding that there is &#8220;no precedent for this level of stupidity.&#8221;
<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">Keep in mind that S&amp;P 500 earn 6x more in China than they export from the U.S. to China. Apple selling iPhones to Chinese consumers. Starbucks selling coffee. McDonald's selling burgers. Etc. Nobody dominates and benefits more from global trade than the United States does.… <a href="https://t.co/JpCBvLmSwQ">pic.twitter.com/JpCBvLmSwQ</a>
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1916644436894769332?ref_src=twsrc%5Etfw">April 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Several prominent voices have echoed similar concerns in recent weeks regarding the tariffs and the United States&#8217; widening trade deficit. 
Last week, investor Mark Cuban said that &#8220;having a trade deficit with China isn't such a bad thing for the U.S.,&#8221; citing the <a href="https://benzinga.com/markets/25/04/44897891/mark-cuban-says-its-a-game-of-chicken-with-china-as-he-questions-trumps-strategy-behind-tariffs-you-cant-be-dogmatic-in-business-or-government">surplus in services</a> that the U.S. has with China, which now stands to get hit, along with agricultural exports.
Similarly, former Treasury Secretary Larry Summers <a href="https://benzinga.com/news/25/04/44776458/obama-era-treasury-secretary-larry-summers-rejects-china-cheating-at-trade-narrative-we-get-ev-batte">rejected the narrative</a> that China was cheating on trade, saying that &#8220;if China wants to sell us things at really low prices, it&#8217;s kind of a good deal for us,&#8221; when addressing questions regarding predatory pricing and dumping at the University of Austin two weeks ago.
However, others, such as Ark Invest CEO Cathie Wood, have come out in <a href="https://www.benzinga.com/markets/25/04/44881540/cathie-wood-says-shes-trusting-trump-will-get-call-on-tariffs-right-investors-shorting-the-equity-market-now-will-be-caught-flat-footed-or-worse">support of the tariffs</a>, saying that if negotiations lead to lower tariffs and non-tariff barriers globally, &#8220;it would be a very good thing.&#8221;
Economist Arthur Laffer, while critical of the tariffs themselves, has praised President Donald Trump&#8217;s negotiation style, saying that if this leads to <a href="https://benzinga.com/25/04/44892570/fairer-trade-or-economic-trainwreck-elerian-breaks-down-the-administrations-two-futures">lower global trade barriers</a>, it would be an outcome that he would applaud.
Photo Courtesy: PalSand On Shutterstock.com
Read More: <a href="https://www.benzinga.com/markets/25/04/45029881/this-ceo-says-tariff-uncertainty-is-actually-good-for-his-business">This CEO Says Tariff Uncertainty Is Actually Good for His Business</a>

Government

SBUX

S&P 500 Companies Earn 6x More In China Than US Exports: Hedge Fund Manager Says Trade War With Beijing Level Of Stupidity That Has 'No Precedent'

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) &#8220;millionaire&#8221; Glauber Contessoto took to X on Sunday to spotlight the remarkable performance of Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), noting its 33% rise over the past week. 
What Happened: The post, made through Contessoto&#8217;s X persona SlumDOGE Millionaire, emphasized the coin&#8217;s growth despite major cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) remaining below significant price thresholds. He posed a question to his followers, asking them to consider Floki&#8217;s potential once Ethereum surpasses its previous all-time high. The post concluded with an optimistic &#8220;Strap in,&#8221; along with a rocket emoji.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> is up 33% in the last 7 days Seriously think about that… <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> is still under $100K <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> is still under $2K when <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> finally surpasses all time high &#8211; what do you think <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> will do? Strap in &#x1f680; <a href="https://t.co/b8GC5zBnNe">pic.twitter.com/b8GC5zBnNe</a>
&mdash; SlumDOGE Millionaire (@ProTheDoge) <a href="https://twitter.com/ProTheDoge/status/1916383586703286679?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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This post comes as Floki has been <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44962519/floki-surges-32-in-7-days-outpaces-dogecoin-shiba-inu-what-is-going-on">outperforming other meme coins</a>, such as Dogecoin and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), as reported by Benzinga last week. Crypto trader Unipcs has noted that Floki is distinguishing itself from other meme coins by surpassing its previous all-time highs.
Over the last Floki, which is a multichain token based on Ethereum and Binance Smart Chain (BSC), has shot up over 30%, leaving behind larger coins like Bitcoin and Ethereum. Bitcoin rose 11% in the period, while Ethereum actually declined over 7%. 
Contrasting Floki&#8217;s performance with meme coins presents an even starker picture. Dogecoin has fallen 1.65% in a 30-day period while SHIB has eked out a mere 1.3% appreciation. 
See Also: <a href="https://benzinga.com/markets/cryptocurrency/25/04/45029372/forget-dogecoin-and-shiba-inu-crypto-analyst-sees-this-coin-surging-100" target="_blank" rel="noreferrer noopener">Forget Dogecoin And Shiba Inu — Crypto Analyst Sees This Coin Surging 100% &#8211; Benzinga</a>
Why It Matters: The surge in Floki&#8217;s value is significant as it suggests a growing interest and potential in the meme coin market. According to Benzinga, Floki&#8217;s recent performance has led some traders to view it as &#8220;incredibly undervalued&#8221; with potential for substantial gains. This sentiment is echoed by SlumDOGE Millionaire&#8217;s post, which highlights the coin&#8217;s impressive growth despite the broader market trends.
However, not all experts share this optimism. Cathie Wood, founder of Ark Invest, has expressed skepticism about the long-term sustainability of meme coins. In a recent interview, she warned that many could <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44390616/cathie-wood-believes-most-memecoins-wont-face-fearsome-declines-end-up-becoming-collectors-items">face &#8220;fearsome declines&#8221; and might only become collector&#8217;s items</a>. This cautionary perspective contrasts with the current enthusiasm surrounding Floki and other meme coins.
Price Action: Over 24 hours, Floki fell nearly 1% to $0.00007811, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Photo Courtesy: Akif CUBUK on Shutterstock.com
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/45003759/arks-bitcoin-bear-case-is-300000-by-2030-whats-the-bull-case" target="_blank" rel="noreferrer noopener">ARK&#8217;s Bitcoin &#8216;Bear Case&#8217; Is $300,000 By 2030—What&#8217;s The Bull Case? &#8211; Benzinga</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

$FLOKI

$SHIB

DOGE

Dogecoin 'Millionaire' Says Give A 'Serious' Thought To Floki As Memecoin Makes Impressive 30% Gains Over 7 Days, Asks Followers To 'Strap In'

ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) provides lithography solutions for the development, production, marketing, sales, upgrading, and servicing of advanced semiconductor equipment systems.
<h2 class="wp-block-heading">If You Bought ASML Stock 10 Years Ago</h2>
The company's stock traded at approximately $108.69 per share 10 years ago. If you had invested $10,000, you could have bought roughly 92 shares. Currently, shares trade at $638.69, meaning your investment's value could have grown to $58,763 from stock price appreciation alone. However, ASML also paid dividends during these 10 years.&nbsp;
Don't Miss:
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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 $0.26/share!</a></li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>
ASML's dividend yield is currently 1.20%. Over the last 10 years, it has paid about $45.37 in dividends per share, which means you could have made $4,174 from dividends alone.&nbsp;
Summing up $58,763 and $4,174, we end up with the final value of your investment, which is $62,937. This is how much you could have made if you had invested $10,000 in ASML stock 10 years ago. This means a total return of 529.37%. In comparison, the S&amp;P 500 total return for the same period is 199.50%.
<h2 class="wp-block-heading">What Could The Next 10 Years Bring?&nbsp;</h2>
ASML has a consensus rating of "Overweight" and a price target of $851 based on the ratings of 13 analysts. The price target implies more than 33% potential upside from the current stock price.
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
On April 16, the company announced its Q1 2025 earnings, posting revenues of €7.742 billion ($8.764 billion), roughly in line with expectations, according to <a href="https://www.benzinga.com/25/04/44832382/nvidia-supplier-asml-beats-revenue-and-eps-estimates-euv-product-mix-performance-milestones-drive-q1-says-ceo">Benzinga</a>.Sequentially, the revenue declined by 16.75% from €9.3 billion in Q4 2024.
The company reported EPS of €6, above the consensus estimates of $5.760. However, it declined sequentially by 12.41% from €6.85 in Q4.
ASML expects Q2 net sales in the range of €7.2 billion to €7.7 billion, compared to the consensus estimate of €7.73 billion. The company reiterated its full-year 2025 total net sales outlook of €30 billion to €35 billion, compared to the consensus of €32.41 billion.
Given the historical stock price appreciation and expected upside potential, growth-focused investors may find ASML stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 1.20%.
Check out this <a href="https://www.benzinga.com/personal-finance/25/04/44940859/why-johnson-johnson-chevron-and-flowers-foods-are-winners-for-passive-income">article by Benzinga</a> for three stocks offering dividend yields of around 3% to 5%.
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<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.</li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
</ul>
Image: Shutterstock

Personal Finance

ASML

If You Invested $10K In ASML Stock 10 Years Ago, How Much Would You Have Now?

On Friday, while testifying in Washington federal court, Parisa Tabriz, Chrome's general manager, said that the browser's heavy reliance on Alphabet Inc. (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>)-owned Google's infrastructure makes it <a href="https://www.benzinga.com/news/legal/25/04/44941262/openai-once-tried-to-use-googles-search-technology-instead-of-microsoft-bing-due-to-quality-issues-was-rejected-now-sam-altmans-startup-says-itd-buy-chrome-if-forced-antitrust-sale-happens">difficult for another company</a> to recreate it.
What Happened: "Chrome today represents 17 years of collaboration between the Chrome people" and the rest of Google, Tabriz said. "Trying to disentangle that is unprecedented," <a href="https://www.bloomberg.com/news/articles/2025-04-25/only-google-can-run-chrome-company-s-browser-chief-tells-judge">reported</a> Bloomberg.
She explained that features like safe browsing mode and password breach alerts depend on the entire Google infrastructure and not just Chrome. "I don&#8217;t think it could be recreated."
Earlier in the day, Harvard University computer science professor James Mickens testified for the Justice Department, the report noted. In his testimony, Mickens said that transferring Chrome ownership is "feasible."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The testimonies came as part of a three-week hearing over remedies following Judge Amit Mehta's ruling last year that <a href="https://www.benzinga.com/news/legal/25/04/44876356/google-scores-partial-win-in-antitrust-case-but-faces-setback-on-publisher-tools">Google illegally monopolized</a> the search market.
The Department of Justice has proposed that Google divest Chrome and stop paying for default search placements.&nbsp;
Price Action: Alphabet Inc. Class A shares rose 1.68% on Friday to close at $161.96, while Class C shares climbed 1.47% to $163.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Alphabet holds a growth score of 64.44%, 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 compares to other companies</a>.
Photo Courtesy: Ink Drop on Shutterstock.com.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44999838/can-google-adapt-like-amazon-or-will-it-face-ebays-fate-gene-munsters-candid-take-on-the-search-giants-path-forward-in-the-age-of-ai">Can Google Adapt Like Amazon Or Will It Face eBay&#8217;s Fate? Gene Munster Says ChatGPT &#8216;Overhang&#8217; Isn&#8217;t Going Away, Shares Candid Take On The Path Forward</a></li>
</ul>

Legal

Media

GOOG

GOOGL

Google Tells Court Only It Can Run Chrome, Warns Forced Divestiture Would Break The Browser: 'Don't Think It Can Be Recreated,' Says Executive

Economist and fund manager Craig Shapiro is not mincing words on President&nbsp;Donald Trump&nbsp;and his latest attempts at centralizing economic power in the White House.
What Happened: On Sunday, Shapiro, the founder of The Collaborative Fund and a macro strategist at The Bear Trap Report, called out Trump in a post on X for running the American economy &#8220;like a Mafia don.&#8221;
Shapiro says that Trump wants to run the entire economy through the White House. &#8220;He has shut down the supply chain simply because he can, seeking to rebuild it in his own vision where loyalists and his supporters run their businesses without interference,&#8221; he says.
See More: <a href="https://www.benzinga.com/news/earnings/25/04/45029759/cramers-warning-tariff-chaos-could-derail-tech-earnings-frenzy-this-week">Cramer&#8217;s Warning: Tariff Chaos Could Derail Tech Earnings Frenzy This Week</a>
The veteran trader and investor argues that Trump is summoning the nation&#8217;s largest companies to his office, &#8220;to beg him to support their efforts, give them exemptions, remove competitors, etc.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump is running the American economy like a Mafia don. He wants the entire economy to run thru the White House. He has shut down the supply chain simply because he can, seeking to rebuild it in his own vision where loyalists and his supporters run their businesses without…
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1916501326831243511?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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&#8220;He [Trump] doesn&#8217;t care about small business owners,&#8221; Shapiro says, &#8220;because he likes big things, not small things.&#8221; He warns that small businesses don&#8217;t have any voice under this administration, since Trump wouldn&#8217;t want to &#8220;waste any time on you.&#8221;
According to Shapiro, Trump wants companies to &#8220;beg, grovel, and offer gifts&#8221; in exchange for favorable treatment, a dynamic that he compares with Russian President Vladimir Putin, who regularly has all of the nation&#8217;s rich oligarchs come in, &#8220;to kiss the ring and pay the tithe.&#8221;
Shapiro argues that Trump's leadership style is rooted in loyalty and transactional dealings, with dissenters quickly pushed aside. &#8220;He is reducing the number of keys in society he needs to maintain and grow his power,&#8221; he says, warning that when democracies start sliding toward autocracy, the outcomes are usually grim.
Why It Matters: Trump's behind-the-scenes deal-making in the Oval Office has drawn sharp criticism from several other high-profile voices in recent weeks.
Among the critics is investment advisor Ross Gerber, who recently <a href="https://benzinga.com/news/25/04/44868492/art-of-the-steal-ross-gerber-says-small-businesses-get-to-go-bankrupt-while-trump-makes-exceptions-for-mag-7-chinese-imports">described the situation</a> as the &#8220;Art of the Steal.&#8221; Gerber warned that small businesses will be the ones to suffer and go bankrupt, while Trump grants exemptions on Chinese imports for the Magnificent Seven (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#BATS">MAGS</a>) companies. &#8220;This is not only absurd, but just wrong,&#8221; Gerber said.
Sen. Elizabeth Warren (D-Mass.) recently criticized Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook, citing what she described as a pattern of <a href="https://benzinga.com/tech/25/04/44970168/elizabeth-warren-slams-tim-cook-over-alleged-backdoor-deal-with-trump-to-shield-apple-from-crushing-china-tariffs-creates-the-appearance-of-impropriety">influence peddling</a> by &#8220;huge, well-connected corporations&#8221; that, she argued, &#8220;creates the appearance of impropriety.&#8221;
Photo Courtesy: Jonah Elkowitz on Shutterstock.com
Read More: <a href="https://www.benzinga.com/general/market-summary/25/04/45029647/experts-say-new-tariffs-could-spark-higher-prices-and-shortages-within-weeks">Experts Say New Tariffs Could Spark Higher Prices and Shortages Within Weeks</a>

MAGS

Trump Running American Economy Like A 'Mafia Don': Economist Craig Shapiro Draws Parallels With Russia's President

On Sunday, OpenAI CEO Sam Altman acknowledged that the last few updates to the GPT-4o model made its personality &#8220;too sycophant-y and annoying.&#8221;
What Happened: Altman took to X, formerly Twitter, and said, "The last couple of GPT-4o updates have made the personality too sycophant-y and annoying (even though there are some very good parts of it), and we are working on fixes asap, some today and some this week."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">the last couple of GPT-4o updates have made the personality too sycophant-y and annoying (even though there are some very good parts of it), and we are working on fixes asap, some today and some this week. at some point will share our learnings from this, it&#39;s been interesting.
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1916625892123742290?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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In response to a user asking if the old personality could return, Altman replied, "Yeah, eventually we clearly need to be able to offer multiple options."
See Also: <a href="https://www.benzinga.com/general/entertainment/25/04/45026578/bill-ackman-missed-out-on-3-4-billion-payday-by-selling-netflix-stock-before-the-boom-nflx-now-seen-as-a-recession-play">Bill Ackman Missed Out On $3.4 Billion Payday By Selling Netflix Stock Before The Boom: NFLX Now Seen As A Recession Play</a>
His comments follow OpenAI's announcement of a GPT-4o upgrade, aimed at improving both the model's intelligence and personality. At the time, a user noted that ChatGPT had felt &#8220;very yes-man like lately,&#8221; to which Altman agreed, saying, "Yeah, it glazes too much. Will fix."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">yeah it glazes too much will fix
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1915910976802853126?ref_src=twsrc%5Etfw">April 25, 2025</a></blockquote>
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Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Earlier this month, <a href="https://www.benzinga.com/25/04/44881778/amid-rising-competition-from-chinas-deepseek-and-us-rivals-openai-ceo-sam-altman-launches-codex-cli-a-coding-agent-that-runs-on-your-computer">OpenAI launched</a> ‘o3' and ‘o4-mini,' the newest additions to its o-series, built to deliver more thoughtful and deliberate responses. It also launched Codex CLI, a new open-source coding agent.
The Altman-led AI startup has also finalized a <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">landmark $40 billion funding round</a>, boosting its valuation to $300 billion. Key investors in the round include SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) and Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
This is reportedly the largest funding round in history and nearly doubles OpenAI's previous valuation of $157 billion.
Photo Courtesy: Meir Chaimowitz on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

SFTBF

SFTBY

Sam Altman Admits ChatGPT New Upgrade Made It Too Sycophantic And Annoying: OpenAI CEO Says 'Working On Fixes ASAP'

Chamath Palihapitiya took to X on Sunday to discuss Huawei&#8217;s strategic approach in the tech industry. Palihapitiya emphasized that Huawei, a prominent Chinese company, has successfully implemented a &#8220;low-end disruptor&#8221; strategy. This involves creating products that are either equivalent to or better than those of existing market leaders, but at a lower cost.
What Happened: The SPAC King identified several companies that Huawei has already outperformed, including Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>), Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>), and Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISCO#NASDAQ">CISCO</a>). He also noted that Huawei is making progress against QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) and has set its sights on Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>). Palihapitiya&#8217;s comments come amid growing concerns about China&#8217;s technological advancements and their impact on global markets.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Worth noting that Huawei, a Chinese National Champion, has systematically executed a "low-end disruptor" strategy with a lot of success. "Low-end Disruptor" simply means making an equivalent or better product for less than incumbents. End bossed: 1. Ericsson 2. Nokia 3. Cisco…
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1916529549502013649?ref_src=twsrc%5Etfw">April 27, 2025</a></blockquote>
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Palihapitiya&#8217;s remarks align with recent developments in China&#8217;s tech sector, where companies like Huawei are advancing despite international challenges. This includes Huawei&#8217;s efforts to <a href="https://www.benzinga.com/tech/25/04/44970472/chinas-chip-breakthrough-without-asml-makes-chamath-palihapitiya-take-stock-of-beijings-formidable-nature-america-can-win-if">develop in-house chips</a> to counter U.S. sanctions, as reported in March.
See Also: <a href="https://benzinga.com/25/04/45003790/mark-cuban-slams-amazon-for-ripping-off-american-sellers-as-tariffs-are-predicted-to-boost-ecommerce-brands-profi" target="_blank" rel="noreferrer noopener">Mark Cuban Slams Amazon For &#8216;Ripping Off American Sellers&#8217; As Trump Tariffs Are Predicted To Boost Ecommerce Brands&#8217; Profits</a>
Why It Matters: Palihapitiya&#8217;s observations underscore the competitive pressure that Chinese companies are exerting on Western tech giants. Huawei&#8217;s strategy of producing cost-effective yet high-quality products is reshaping the competitive landscape. This is particularly relevant as China continues to make strides in chip manufacturing, even without access to advanced tools like those from ASML Holding .
Huawei is <a href="https://www.benzinga.com/25/03/44356270/huawei-develops-in-house-chips-to-counter-us-sanctions-and-leap-ahead-in-the-tech-war">accelerating efforts</a> to replace U.S. components by developing its own computer chips and operating system, with its Kirin X90 chip recently earning national security certification. As its Windows license nears expiration, Huawei plans to launch HarmonyOS-powered PCs later this year to reduce reliance on American technology amid rising U.S.-China trade tensions.
Palihapitiya has previously <a href="https://in.benzinga.com/markets/25/04/44891778/nvidia-not-acting-in-us-interests-says-chamath-palihapitiya-questions-how-alibaba-or-deepseek-are-one-step-ahead">expressed concerns</a> about companies like Nvidia not acting in the best interests of the U.S., highlighting the geopolitical implications of these technological advancements.
Benzinga Edge Stock Rankings identify Nvidia&#8217;s Growth Momentum in the 94th percentile. How do other chip plays stack up? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here</a> and find out.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="786" height="98" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23.png" alt="" class="wp-image-889985" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23.png 786w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23-300x37.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/27211943/Screenshot-2025-04-28-at-10.19.23-768x96.png 768w" sizes="(max-width: 786px) 100vw, 786px" /></a></figure>
Photo Courtesy: Kathy Hutchins on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

CISCO

ERIC

NVDA

QCOM

Chamath Palihapitiya Says Nvidia Is Huawei's 'New Target' — A 'National Champion' That Crushed Tech Giants With A 'Low-End Disruptor' Strategy

Bitcoin continues to assert its leadership across the digital asset market, with Bitcoin Dominance climbing to a new local high of 64% as of April 22. This metric, which tracks Bitcoin's share of the total crypto market cap, highlights a clear and growing shift in capital toward BTC as the asset rallies past $90,000, currently trading at $92,700.
With Bitcoin now just 18% off its all-time highs, the asset&#8217;s performance becomes even more impressive when stacked against traditional markets. The S&amp;P 500 remains approximately 15% below its record levels, while the Nasdaq Composite lags by more than 20%. This comparison reinforces Bitcoin&#8217;s relative strength and increasing appeal as a macro asset—especially in a market where liquidity remains tight and investors are gravitating toward quality.
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This resurgence in BTC dominance comes at a time when ETF inflows are once again picking up steam, fueling renewed institutional interest. The regulatory landscape, while still evolving, appears to be stabilizing in Bitcoin's favor, especially when compared to the murky and often unpredictable regulatory path facing many altcoins.
Altcoins, by contrast, are struggling. Outside of isolated daily pumps, most of the altcoin market remains in a downtrend or in accumulation phases far from previous highs. Many lack the institutional interest, product-market fit, or meaningful on-chain activity to justify significant upside in the current environment. Fundamentally, the disparity between Bitcoin and most alts has never been clearer—and the market is pricing that in.
That said, some names did show strength. SUI was a standout performer, posting a gain of over 20% on the day and currently trading at $2.60. Despite the bounce, it remains more than 100% away from its all-time high, reminding investors how deep the bear market drawdowns have been for many newer Layer 1s and speculative projects.
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Ethereum also posted a notable move, gaining 10% in a single session to trade at $1,745. While a positive development, ETH still has a long way to go—needing a 170% rally just to revisit its former highs near $4,900. The underperformance of ETH, traditionally seen as Bitcoin's closest competitor, further illustrates the widening gap in investor confidence between BTC and the rest of the market.
This growing disparity underscores more than just price action—it highlights a changing narrative. Bitcoin is being recognized not only as a risk asset but increasingly as a long-term store of value, particularly in uncertain times. The rise in BTC dominance is a reflection of capital rotating into perceived safety, and away from speculative ventures with shaky fundamentals.
To be clear, this doesn't mean altcoins are obsolete—though let's be honest, many are. But it does show how hard it is to consistently &#8220;beat the market&#8221; when Bitcoin is the market.
As BTC.D continues to climb, it sends a clear and resounding message: in crypto, strength leads. And right now, Bitcoin is doing just that.
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Bitcoin Dominance Surges To 64%: What It Means For Altcoins And The Crypto Market Landscape

Greenland's Prime Minister Jens-Frederik Nielsen expressed dissatisfaction with the United States&#8217; approach to discussions about acquiring Greenland. Nielsen reportedly stated, on Sunday, that U.S. officials have not shown respect in their communications.
What Happened: During a press conference near Copenhagen, Nielsen emphasized that Greenland, which is a semi-autonomous region under Denmark, will never be sold, <a href="https://thehill.com/homenews/administration/5270172-greenland-prime-minister-denmark-trump/">reported</a> The Hill. He stressed the importance of unity in response to the U.S. interest, which has been vocalized by President Donald Trump.
The Greenlandic leader added, &#8220;The talks from the United States have not been respectful,&#8221; said Nielsen. &#8220;The words used have not been respectful. That's why we need in this situation, we need to stand together.&#8221;
Danish Prime Minister Mette Frederiksen supported Nielsen&#8217;s stance, highlighting Denmark&#8217;s commitment to investing in Greenland for both historical and commonwealth reasons. She reiterated Denmark&#8217;s dedication to Greenlandic society, as reported by The Hill.
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When questioned about a potential meeting with Trump, Frederiksen expressed openness to discussions with the American president but underscored Denmark&#8217;s clear stance regarding its territories. The Hill noted her comments on the importance of maintaining the Danish commonwealth&#8217;s&nbsp;approach to all parts of&nbsp;the Kingdom of Denmark.
Why It Matters: The U.S. interest in Greenland has been a topic of contention, especially following Trump&#8217;s recent comments suggesting the <a href="https://www.benzinga.com/news/global/25/01/42864556/trump-does-not-rule-out-military-force-to-acquire-panama-canal-greenland-we-need-them-for-economic-security">potential use of military force</a> to acquire the territory for economic security. This has raised concerns among Greenlanders, with a <a href="https://in.benzinga.com/startups/25/02/43561516/trump-shouldnt-have-greenland-why-the-arctic-island-is-rejecting-a-us-buyout">February 2025 poll</a> indicating that 85% of residents oppose the U.S. acquisition proposal.
Vice President JD Vance has <a href="https://www.benzinga.com/25/03/44549976/jd-vance-slams-denmark-for-not-keeping-greenland-safe-from-russian-chinese-incursions-we-can-make-them-much-more-secure">criticized Denmark&#8217;s ability</a> to protect Greenland from foreign incursions, suggesting that the U.S. could offer better security.
Photo Courtesy: Polar Media on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Trump's Greenland Ambitions Get Rebuked: Prime Minister Says'The Talks From The United States Have Not Been Respectful'

<a href="https://www.benzinga.com/news/25/03/44238467/warren-buffett-shares-biggest-investing-mistakes-433m-deal-that-cost-berkshire-billions-and-trillion-dollar-tech-stocks-he-missed">Warren Buffett'</a>s decades-long track record of beating Wall Street is rooted not just in financial strategy but in an unusual discipline: avoiding distractions. The Berkshire Hathaway&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)) chair and CEO said his success stems from a firm belief that investors focus too much on short-term events.
<h2 class="wp-block-heading">Avoiding Noise, Embracing Discipline</h2>
During the <a href="https://buffett.cnbc.com/video/2009/05/02/morning-session---2009--berkshire-hathaway-annual-meeting.html">2009 Berkshire Hathaway shareholders meeting</a>, Buffett recalled a pivotal moment in his life: a stop in Las Vegas in 1952. He and his wife, Susie, had just married and were driving west when they visited the Flamingo Hotel. What he saw there would shape his views for a lifetime.
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"I looked around and saw all these well-dressed people who had come, in some cases, from thousands of miles away," Buffett said. "This was before jets, so transportation wasn't as good. They'd gone to great lengths to do something that every damn one of them knew was mathematically dumb."
Buffett observed the gambling crowd and quickly recognized a truth that would later fuel his investment philosophy: irrational behavior creates opportunity. He turned to Susie and said, "We are going to make a lot of money."
At Berkshire Hathaway's 2019 shareholders meeting, Buffett revisited the Vegas story with more emphasis. "If people are going to get on a plane in New York and fly a couple thousand miles to stand there and do things with a mathematical expectation that's negative on every action they take, that is a world of opportunity," he said.
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His strategy includes tuning out digital noise. He does not use a smartphone and avoids checking email frequently. He told <a href="https://www.cnbc.com/2018/12/17/warren-buffett-says-read-this-poem-when-the-market-is-tanking.html">CNBC</a> in December 2018 that doing so keeps him focused and immune to what he called "breathless commentary" on business news programs.
In his 2017 <a href="https://www.berkshirehathaway.com/letters/2017ltr.pdf">shareholder letter</a>, Buffett wrote, "Your mind may well be rattled by scary headlines … and an unsettled mind will not make good decisions."&nbsp;
That mindset has paid off. Since the May 2010, "flash crash," when the Dow Jones Industrial Average fell more than 9% in 30 minutes, the index has surged approximately 270%. Over the same period,<a href="https://www.benzinga.com/news/25/02/43912215/berkshire-hathaway-dumps-ulta-beauty-citi-and-etfs-but-buffett-just-bet-1-2-billion-on-this-alcohol-giant"> Berkshire Hathaway</a> shares have gained more than 560%.
Buffett told <a href="https://buffett.cnbc.com/video/2010/01/20/buffett-class-b-stock-split-was-easy-decision-full-interview.html?&amp;start=2763">CNBC</a> in January 2010, "I don't know where the market will be in a day, month, or year, but the greatest mistake investors make is to try to time what business will do. It's always a time of uncertainty. Every single day, but uncertainty can be your friend."
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Warren Buffett Says 'People React Too Much To Short-Term Things' — Why His No-Phone, No-Email Rule Helped Him Beat Wall Street Noise

<a href="https://www.benzinga.com/personal-finance/25/03/44068159/nba-legend-shaq-says-his-net-worth-quadrupled-once-he-took-note-from-jeff-bezos-and-started-investing-in-things-that-change-peoples-lives">Shaquille O'Neal</a> may have dominated on the court, but in matters of the heart? He's the first to admit — he dropped the ball.
After ex-wife Shaunie O'Neal said she wasn't sure she ever really loved him, Shaq didn't dodge. He didn't deflect. He just posted one simple, <a href="https://www.instagram.com/reel/C6t0miFuSyA/?igsh=Y3hqbzFqZ2Zqa3E5">gut-punch of a message on Instagram</a> last May:
"I understand. I wouldn't have been in love with me either. Wishing you all the best. All love." The post caption read, "trust me, I get it."
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The post sent fans into a frenzy. Some were heartbroken. Others were worried. Was he okay? Even son Shareef jumped into the comments with a reality check:
"Love you, man! You saved my life. Literally the most lovable and likable person on the planet."
Shaunie had just gone public with her memoir, "Undefeated: Changing the Rules and Winning On My Own Terms", where she wrote, "Looking back, I don't know that I was ever really in love with the man, but I was in love with the idea of being married to the man I had a family with."
She described enjoying time with him on NBA road trips — but made it clear the marriage was built more on image and routine than deep connection.
Shaq, to his credit, took the hit. And this wasn't his first time owning up to his role in the collapse. Back in 2022, on <a href="https://youtu.be/HeojkELPHzo?si=LaXUBA8vS1eBzAlq">"The Pivot Podcast"</a>, he said bluntly:
"I was bad. She was awesome. She really was. It was all me. She did exactly what she was supposed to do…gave me beautiful kids, take care of the house, take care of the corporate stuff. It was all me."
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He also revealed what life looked like after she and the kids moved out of their <a href="https://www.benzinga.com/personal-finance/25/01/43106699/i-had-it-all-nba-legend-shaq-blames-himself-for-divorce-76000-sq-ft-house-by-yourself-no-kids-go-to-their-room-and-nobodys-there">76,000-square-foot mansion</a> in Orlando — and spoiler: it wasn't luxury, it was loneliness.
"You go to the gym — nobody. Go to their rooms — nobody. You start to feel it. The silence starts to get to you."
Shaq had it all — fame, money, trophies — but admits he lost the one thing that actually <a href="https://www.benzinga.com/real-estate/24/10/41168132/nba-legend-shaq-only-used-2-rooms-in-his-76-000-sq-ft-mansion-the-kitchen-because-i-like-to-eat-and">made that house a home</a>.
Shaunie remarried in 2022. Shaq remains single — but still full of grace. "I'm happy for her. I hope this gentleman treats her the way she's supposed to be treated. I'ma still love her," <a href="https://www.essence.com/lifestyle/shaquille-oneal-shaunie-2/">he told Essence</a>.&nbsp;
In the end, the Big Diesel reminds everyone: even giants can feel small when the house is too quiet.
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NBA Legend Shaq Says He Felt 'Lost' Wandering His 76,000-Square-Foot House Alone After Divorce — 'The Silence Starts To Get To You'

In 2022, <a href="https://www.youtube.com/live/cdZZpaB2kDM?si=iE1KpBYZGSQsR9oL">during a TED interview in Vancouver</a>, Elon Musk delivered the kind of line that doesn't leave much room for humility.
"At this point, I think I know more about manufacturing than anyone currently alive on Earth," he said, after recounting what he called three years of "excruciating pain" while ramping up production of the Model 3. "We were on the ragged edge of bankruptcy the entire time… I can tell you how every damn part in that car is made."
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That stretch—2017 through 2019—was brutal, Musk admitted. But by 2022, he seemed confident Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp; had cracked the code. Factories were smarter. Processes were streamlined. The future, according to Musk, would be different.
Now in 2025, that confidence is facing a reality check—one stainless steel panel at a time.
Tesla began Cybertruck deliveries in late 2023. Since then, the truck has been recalled eight times in 15 months. The most recent issue came this month, when U.S. safety regulators issued a recall covering 46,096 Cybertrucks—virtually every one on the road.
According to the <a href="https://www.nhtsa.gov/vehicle/2024/TESLA/CYBERTRUCK/PU%2FCC/AWD">National Highway Traffic Safety Administration</a>, a panel known as the cant rail assembly—running along both sides of the windshield—can detach while driving. The part is secured with structural adhesive that, as it turns out, might not hold up in the real world. Tesla's fix involves a stronger adhesive and added reinforcements. Notices are expected to go out to owners by May 19.
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This follows a November recall over an inverter defect that could cause the drive wheels to lose power—just one in a string of problems that's kept the Cybertruck's <a href="https://www.benzinga.com/personal-finance/25/03/44249300/tesla-cybertruck-owner-says-hes-lost-70k-in-business-over-backlash-customers-hate-it-but-he-loves-it-the-best-truck-ive-ever-had">rollout anything but smooth</a>.
Compounding the technical issues, Tesla's efforts to market the Cybertruck have faced challenges. Initially promoted as a futuristic, high-status vehicle, the Cybertruck attracted celebrity attention and generated immense hype.&nbsp;
On an earnings call just a month before the Cybertruck's November 2023 launch, Musk declared that Tesla had racked up "over 1 million" reservations and said demand was "off the charts." However, sales have been disappointing, <a href="https://www.benzinga.com/news/25/03/44536773/demand-is-off-the-charts-elon-musk-claimed-tesla-had-over-1-million-cybertruck-reservations-just-46096-have-been-sold-in-14-months">with fewer than 50,000 units delivered</a>.&nbsp;
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In response, Tesla has shifted its marketing strategy, <a href="https://www.benzinga.com/markets/25/04/44919745/cybertruck-gets-a-down-to-earth-redesign-as-tesla-shifts-to-traditional-pickup-marketing-amid-poor-sales">repositioning the Cybertruck as a practical, work-capable pickup</a> akin to the Ford F-150. This rebranding aims to appeal to traditional truck buyers, particularly in red-state markets, amid concerns that Musk's political affiliations may have alienated some potential customers.
To be clear, none of this erases Tesla's very real achievements in reinventing car factories or scaling production faster than just about anyone thought possible. But it does cast a playful shadow over Musk's boldest manufacturing claims—because knowing how every part is made doesn't always guarantee they'll get along once they hit the road.
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Elon Musk Said With Confidence 'I Know More About Manufacturing Than Anyone Alive'—Then the Cybertruck Rolled Out With 8 Recalls And A PR Mess

John Santora, the CEO of&nbsp;WeWork, has revealed that the current economic uncertainty due to tariffs is driving an increase in&nbsp;business for the coworking space&nbsp;company.
What Happened: Speaking&nbsp;at a recent summit, Santora highlighted the reluctance of companies to commit to long-term leases amidst the prevailing tariff uncertainty.
During the summit, he <a href="https://www.youtube.com/watch?v=rfW-nEDvWuQ">pointed</a> out that many businesses are holding back their investments to assess the potential impact of tariffs on their operations. This has led to WeWork witnessing a surge in lease extensions from existing clients and growing interest from new companies in their short-term leasing options.
&#8220;So if we look at it and just take today&#8217;s environment with all the uncertainty around tariffs and what&#8217;s happening, who&#8217;s prepared to commit to a 10- or a 15-year lease with $50 or $100 million spend?&#8221; he said. 
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Speaking with Bloomberg, Santora further underscored the role of WeWork in offering flexibility to its clients during these uncertain times. He also suggested that the return-to-office mandates could potentially fuel WeWork&#8217;s business, as companies wrestle with the unpredictability of future office attendance.
&#8220;You have to think about it. You have to think whether or not to invest that major capital in a market, at least through this short term. You have to step back,&#8221; he <a href="https://www.bloomberg.com/news/audio/2025-04-25/bloomberg-talks-wework-ceo-john-santora-podcast?">said</a>. 
Why It Matters: WeWork&#8217;s business boost comes at a crucial time for the company, which went public through a SPAC in 2021 and&nbsp;filed for Chapter 11 bankruptcy&nbsp;in 2023. 
The company&#8217;s ability to capitalize on the current economic uncertainty and adapt its business model to cater to the changing needs of its clients could be key to its recovery and future growth. 
However, WeWork declined to comment further on this matter.
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This CEO Says Tariff Uncertainty Is Actually Good for His Business

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Palomar Holdings, Inc. Announces Strategic Hire to Further Expand its Casualty Franchise

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The Mechanic Group, a Division of Specialty Program Group LLC, Announces Partnership with Palomar for "Best In Class" Security Alarm & Investigator Program

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