Pennant Gr (NASDAQ:PNTG) Bolsa

PENNANT GROUP INC/THE

Pennant Gr

Pennant Group Inc is engaged in providing healthcare services to patients of all ages, including the growing senior population, in the United States. It operates in multiple lines of business including home health, hospice, and senior living which includes the company's assisted living, independent living, and memory care communities across Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin, and Wyoming. The company generates majority of its revenue from home health and hospice services segment, which includes its home health, hospice and home care businesses.

Pennant Group

Pennant Group Inc

Arthur Hayes, Chief Investment Officer of Maelstrom and co-founder of BitMEX, stuck to his $250,000 year-end price target and $1 million by 2028 for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in a recent interview, driven by trillions worth of fiat liquidity injection.
What Happened: In an interview dated June 17, Hayes was asked if he maintains the projection he has made quite frequently in the last few months.
&#8220;I think that we get&nbsp;to $250,000 by the end&nbsp;of the year. It&#8217;ll&nbsp;be bumpy along the way,&nbsp;obviously, but that&#8217;s&nbsp;sort of my end-of-year price&nbsp;target,&#8221; the Bitcoin bull responded.
Hayes stated that the increase in credit and fiat liquidity, particularly from <a href="https://www.benzinga.com/money/fannie-mae-vs-ginnie-mae">U.S. mortgage entities</a> Fannie Mae (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTC">FNMA</a>) and Freddie Mac (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTC">FMCC</a>), would eventually find its way into the cryptocurrency market, driving up Bitcoin&#8217;s price.
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&#8220;They&#8217;re going to print in the realm of $9 trillion-ish dollars between now and and that period of time [2028]. Fanny and Freddy, the government support entities that are allowed to create mortgages in the US, will print $5 trillion,&#8221; he said.
He added that banks would end up purchasing somewhere around $1 trillion and due to the <a href="https://www.benzinga.com/etfs/sector-etfs/25/06/45716143/trump-administration-set-to-ease-big-bank-rules-in-major-rollback-since-2008-crisis-here-are-the-stocks-and-etfs-investors-could-consider">supplementary leverage ratio exemption</a>, they will be able to lend more. 
&#8220;And so you&#8217;re going to see the amount of loans going to manufacturing firms increase which is again an increase in credit and that will make its way into crypto as well,&#8221; Hayes remarked.
On the topic of Strategic Bitcoin Reserve, Hayes argued it won&#8217;t be &#8220;politically palable&#8221; for the government to buy Bitcoin. 
&#8220;If you create all this money and you could spend it on anything you want, surely spending it on buying Bitcoin is probably not going to be the best way to get votes,&#8221; he said. See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/24/12/42716882/dogecoin-could-surge-7185-in-2025-top-analyst-delivers-bold-forecast-is-23-in-the-cards-for-the-good-boy" target="_blank" rel="noreferrer noopener">Dogecoin Could Surge 7185% In 2025, Top Analyst Delivers Bold Forecast: Is $23 In The Cards For The Good Boy? &#8211; Benzinga</a>
Why It Matters: Hayes has emphasized the importance of <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44510762/arthur-hayes-on-bitcoin-trading-focus-on-fiat-liquidity-not-price-targets">fiat liquidity growth</a> over specific price targets for Bitcoin, advising traders to consider the expectations and realities of money printing.
He remains <a href="https://www.benzinga.com/crypto/25/06/46045060/bitcoin-ethereum-dogecoin-fall-as-us-involvement-in-iran-israel-war-threatens-oil-prices-spike-arthur-hayes-says-weakness-shall-pass-and-btc-will-show-its-safe-haven-status">confident about Bitcoin&#8217;s potential</a> despite the leading cryptocurrency&#8217;s recent dip below $100,000 due to geopolitical tensions.
&#8220;This weakness shall pass and BTC will leave no doubt as to its safe haven status,&#8221; he said.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $106,474.53, up 0.66% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46045741/rich-dad-poor-dad-author-robert-kiyosaki-warns-of-global-debt-collapse-urges-buying-gold-silver-bitcoin">&#8216;Rich Dad Poor Dad&#8217; Author Robert Kiyosaki Warns Of Global Debt Collapse, Urges Buying Gold, Silver, Bitcoin</a></li>
</ul>
Photo: Shutterstock

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

Cryptocurrency

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News

Economics

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$BTC

FMCC

FNMA

Arthur Hayes Doubles Down On $250,000 Bitcoin Call — Sees $1 Million By 2028

Perplexity AI CEO Aravind Srinivas challenged Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Android operating system design on Tuesday, claiming the platform prioritizes advertising revenue over artificial intelligence capabilities.
What Happened: &#8220;Android needs to be rebuilt for AI. It&#8217;s currently optimized for preserving Google&#8217;s ad business rather than a truly agentic OS,&#8221; Srinivas wrote on X, targeting the tech giant&#8217;s mobile strategy amid intensifying AI competition.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Android needs to be rebuilt for AI. It's currently optimized for preserving Google's ad business rather than a truly agentic OS.
&mdash; Aravind Srinivas (@AravSrinivas) <a href="https://twitter.com/AravSrinivas/status/1937732846543933569?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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The critique emerges as Google faces mounting pressure across multiple fronts. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) executives have held internal discussions about <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46078928/apple-may-finally-catch-up-in-ai-analyst-sees-big-upside-from-perplexity-deal-smarter-siri-google-search-rivalry">potentially acquiring Perplexity AI</a>, with M&amp;A head Adrian Perica floating the idea to senior leaders, including services chief Eddy Cue, Bloomberg reported.
Apple shares have declined 17.86% year-to-date. The company is currently facing shareholder lawsuits over exaggerated AI progress claims.
Srinivas&#8217;s company has gained significant traction, securing a $14 billion valuation in May, up from $9 billion in November. The San Francisco-based startup, backed by Jeff Bezos and SoftBank Group, positions itself as a direct Google search competitor through AI-powered <a href="https://www.benzinga.com/news/financing/25/05/45358069/perplexitys-14-billion-valuation-ignites-google-search-engine-shakeup">query responses with inline citations</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46088008/elon-musk-agrees-google-had-all-the-tools-but-still-lost-the-ai-race-to-openai-echoes-social-media-post-having-the-pieces-isnt-the-same-as-playing-the-game">Elon Musk Agrees Google Had All The Tools But Still Lost The AI Race To OpenAI, Echoes Social Media Post: &#8216;Having The Pieces Isn&#8217;t The Same As Playing The Game&#8217;</a>
Why It Matters: Google&#8217;s vulnerability stems from its <a href="https://www.benzinga.com/25/05/45536887/this-is-the-first-time-in-two-decades-that-google-is-extremely-vulnerableperplexitys-ceo-breaks-down-search-giants-margin-trap">dependence on ultra-high-margin search advertising</a>, which generates significantly higher profits than YouTube, cloud services, or AI ventures. &#8220;This is the first time in two decades that Google is extremely vulnerable,&#8221; Srinivas said at the Sohn Investment Conference, describing the company as trapped by its own success.
The Department of Justice has simultaneously proposed forcing Google to divest its AdX advertising exchange and DoubleClick for Publishers ad server, following a federal ruling that found the company maintains an illegal monopoly over <a href="https://www.benzinga.com/25/05/45215631/google-faces-potential-ad-business-split-as-doj-pushes-for-adx-and-dfp-divestiture">online advertising technologies</a>.
Benzinga Edge Stock Rankings show a short-term uptrend for GOOG, but indicate weakness over the medium and long term. More <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">performance insights are available here</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="880" height="642" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25031801/image-368.png" alt="" class="wp-image-961018" style="width:485px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25031801/image-368.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25031801/image-368-300x219.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25031801/image-368-768x560.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46087567/uber-nears-all-time-high-as-waymo-partnership-expands-to-atlanta-gary-black-calls-it-low-risk-while-tesla-lags-in-supervised-autonomy">Uber Nears All-Time High As Waymo Partnership Expands To Atlanta — Gary Black Calls It &#8216;Low-Risk&#8217; While Tesla Lags In &#8216;Supervised Autonomy&#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.
Photo courtesy: JHVEPhoto / Shutterstock.com

Equities

Tech

AAPL

GOOG

GOOGL

Google Built Android To Protect Its Ad Empire, Not AI, Says Perplexity's Aravind Srinivas: Says OS Must Be Reengineered For Agentic Future

Susan Li, the chief financial officer at Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), recounted a pivotal moment in late 2022 that reshaped how the company communicates with investors.
What Happened: Speaking on the Cheeky Pint podcast last week, Li, who&#8217;s been CFO of the social networking giant for nearly three years, discussed a tense post-earnings call with major shareholders following Meta's October 2022 third-quarter results.
The stock plunged over 20% following the results, amid plunging ad revenue, slowing e-commerce growth, and growing concerns over the company's costly metaverse ambitions.
Li says that at one point during the call, a portfolio manager told them, &#8220;We actually don't have any questions for you today. We just want you to hear feedback from us.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46041399/meta-tried-luring-openais-top-minds-with-massive-paychecks-but-sam-altman-neglected-to-mention-that-hes-countering-those-offers-says-andrew-bosworth">Meta Tried Luring OpenAI&#8217;s Top Minds With Massive Paychecks, But Sam Altman &#8216;Neglected To Mention That He&#8217;s Countering Those Offers,&#8217; Says Andrew Bosworth</a>
However, the most jarring comment, she says, came shortly after, with an investor asking, &#8220;Why should I invest in your stock today? Why don't I just wait until your bet pays off?&#8221;
This was aimed at the company&#8217;s growing capital expenditures, particularly aimed at its metaverse projects. Li said the comment struck a nerve internally and helped shift how Meta&#8217;s leadership, including CEO Mark Zuckerberg, thought about investor relations going forward.
Instead of asking markets to buy into long-term platform bets, she said the company began focusing more on near-term execution and financial clarity.
&#8220;We need people to invest with us along the way,&#8221; Li said, adding that &#8220;It's not enough to just pitch the future, we have to deliver in the present.&#8221;
At the time, in late 2022, Meta&#8217;s market capitalization had bottomed near $240 billion, compared to over $1 trillion the year before. Since then, the company has mounted a strong recovery, with its current market cap at $1.79 trillion, which Li says was driven by tighter cost controls, emphasis on free cash flows, and improvements in ad targeting.
This entire episode highlighted the growing demand from investors for accountability on big tech&#8217;s multi-billion-dollar moonshot spending. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">2) The fall of <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> stock in 2022 really made <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a> a stronger company. She explained how, because of 2022, she and Mark today think about delivering ROI for <a href="https://twitter.com/search?q=%24META&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$META</a>&#39;s shareholders despite making big long-term bets. <a href="https://t.co/PG1vFzCCpS">pic.twitter.com/PG1vFzCCpS</a>
&mdash; Rihard Jarc (@RihardJarc) <a href="https://twitter.com/RihardJarc/status/1937171598286451039?ref_src=twsrc%5Etfw">June 23, 2025</a></blockquote>
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Why It Matters: The company is now once again splurging on moonshots, with OpenAI CEO Sam Altman stating recently that the company dangled <a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">nine-figure compensation deals</a> to poach members of their team.
This comes just days after the company picked up <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">a minority stake</a> in Scale AI for $14 billion, valuing the artificial intelligence startup at $29 billion. 
It is, however, continuing to deliver in the present for investors, with the introduction of ads in WhatsApp expected to generate approximately $10.2 billion in <a href="https://www.benzinga.com/markets/tech/25/06/45969694/mark-zuckerbergs-meta-could-rake-in-over-10-billion-in-annual-ad-revenue-from-whatsapp-by-2028-says-analyst">annual advertising revenue</a> by 2028, according to analyst Mark Mahaney, from Evercore ISI. 
Price Action: Shares of Meta Platforms were up 1.96% on Tuesday, trading at $712.20, and are down 0.01% after hours.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25015221/Screenshot-2025-06-25-at-11.22.09-AM-1024x147.png" alt="" class="wp-image-960892" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25015221/Screenshot-2025-06-25-at-11.22.09-AM-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25015221/Screenshot-2025-06-25-at-11.22.09-AM-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25015221/Screenshot-2025-06-25-at-11.22.09-AM-768x111.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25015221/Screenshot-2025-06-25-at-11.22.09-AM.png 1528w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Meta scores well on Benzinga&#8217;s Edge Stock Rankings across the board, and it has a favorable price trend in the short, medium and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights into the stock. 
Photo Courtesy: Skorzewiak on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46070157/meta-reportedly-tried-to-buy-ai-video-startup-runway-before-14-billion-scale-ai-bet-report">Meta Reportedly Tried To Buy AI Video Startup Runway Before $14 Billion Scale AI Bet: Report</a></li>
</ul>

Earnings

Large Cap

Mark Zuckerberg And Meta Leaders Were So Rattled By This Single Investor Question That It Changed The Way They Spoke To Wall Street, CFO Reveals

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) will release earnings results for the third quarter, after the <a href="https://www.benzinga.com/quote/mu/earnings">closing bell on Wednesday, June 25.</a>
Analysts expect the Boise, Idaho-based company to report quarterly earnings at $1.61 per share, up from 62 cents per share in the year-ago period. Micron Technology projects to report quarterly revenue at $8.85 billion, compared to $6.81 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Micron and the Trump Administration announced on June 12 that Micron plans to expand its U.S. investments to approximately $150 billion in domestic memory manufacturing and $50 billion in R&amp;D, potentially creating 90,000 direct and indirect jobs.
Micron shares rose 4.8% to close at $127.91 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MU/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Rosenblatt analyst Kevin Cassidy maintained a Buy rating with a price target of $172 on June 23, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Wells Fargo analyst Aaron Rakers maintained an Overweight rating and raised the price target from $130 to $150 on June 20, 2025. This analyst has an accuracy rate of 84%.</li>
<li>Citigroup analyst Christopher Danely maintained a Buy rating and increased the price target from $110 to $130 on June 9, 2025. This analyst has an accuracy rate of 80%.</li>
<li>Mizuho analyst Vijay Rakesh maintained an Outperform rating and boosted the price target from $124 to $130 on June 5, 2025. This analyst has an accuracy rate of 77%.</li>
<li>UBS analyst Timothy Arcuri maintained a Buy rating and raised the price target from $92 to $120 on June 5, 2025. This analyst has an accuracy rate of 80%.</li>
</ul>
Considering buying MU stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/MU/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25034947/image-370-1024x545.png" alt="" class="wp-image-961081" style="width:612px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25034947/image-370-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25034947/image-370-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25034947/image-370-768x409.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25034947/image-370.png 1142w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/46072226/top-3-real-estate-stocks-you-may-want-to-dump-in-june">Top 3 Real Estate Stocks You May Want To Dump In June</a> </li>
</ul>
Photo via Shutterstock

Price Target

Analyst Ratings

Trading Ideas

Micron Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Phoebe Gates says she and co-founder Sophia Kianni leaned on ChatGPT and spreadsheet sleuthing, rather than a big ad budget, to push their fashion-tech startup Phia onto social feeds.
What Happened: &#8220;We'll make an Excel sheet … then we'll reverse-engineer how to make that video,&#8221; Gates told The Burnouts podcast, adding she uses AI &#8220;almost every single day&#8221; to supercharge work.
Gates said the pair scoured Instagram and TikTok for high-performing reels, logged them in Excel and broke down "the hook … the middle … and how they ended it." Kianni then fed transcripts of two runaway-viral founder videos into ChatGPT to "reverse engineer how to make that video … and asked, ‘Can you turn this script into one that works for Phia?'"
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<iframe loading="lazy" title="The Marketing Hacks That Got Us 200K Downloads and Kris Jenner's Investment" width="500" height="281" src="https://www.youtube.com/embed/pWtCTIgOU2M?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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The model's pattern-spotting, she added, proves "you should not be starting anything from scratch. The internet exists for a reason."
See also: <a href="https://www.benzinga.com/markets/equities/25/06/46070157/meta-reportedly-tried-to-buy-ai-video-startup-runway-before-14-billion-scale-ai-bet-report">Meta Reportedly Tried To Buy AI Video Startup Runway Before $14 Billion Scale AI Bet: Report</a>
The former Stanford roommates launched Phia in April after raising about $850,000, including checks from Kris Jenner and Desiree Gruber. The browser extension compares prices across 40,000 retail sites to surface the best clothing deals. Gates says her father, Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates, "wouldn't let me drop out" the way he did and declined to bankroll the venture.
Why It Matters: Gates said Phia will continue to mine AI for insights as it develops personalized styling tools. There are patterns behind why things go viral and understanding them is crucial, Kianni tells listeners of The Burnouts podcast.
The founders' playbook mirrors a broader rush to embed generative AI in marketing. Big brands such as <a href="https://www.benzinga.com/startups/23/10/35145790/the-first-email-blast-went-out-45-years-ago-how-startup-appmail-uses-chatgpt-powered-ai-and-automati">AppMail</a> and <a href="https://www.benzinga.com/startups/23/03/31450981/this-startup-built-the-worlds-first-ai-marketing-platform-that-can-understand-emotion-and-some-of-th">AI-ad firm RAD AI</a> already rely on ChatGPT variants to craft A/B-tested copy and predict emotional resonance.
Wall Street banks have likewise <a href="https://www.benzinga.com/tech/25/04/44878856/bank-of-america-bets-big-on-ai-with-4-billion-investment-and-its-already-paying-off">rolled out chatbots</a> to jump-start pitch decks and compliance reviews, as part of a wider adoption wave.
Photo Courtesy: Ron Adar on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/25/06/46068948/barack-obama-warns-ai-revolution-is-not-hype-says-youre-going-to-start-seeing-shifts">Barack Obama Warns AI Revolution Is &#8216;Not Hype,&#8217; Says &#8216;You&#8217;re Going To Start Seeing Shifts&#8230;&#8217;</a>

MSFT

Phoebe Gates Shares Clever ChatGPT Hack She Uses 'Almost Every Single Day' To Make Videos For Her Fashion-Tech Startup: 'The Internet Exists For A Reason'

Future Fund LLC's managing director, Gary Black, has slammed the lack of constructive feedback for Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Austin Robotaxi launch on Sunday.
What Happened: The investor took to social media platform X to express his disappointment on Tuesday.
Quoting a post that criticized Tesla's limited Robotaxi rollout in Austin, Black said that there was a "stunning" lack of constructive criticism for the event on X. It's worth noting that Elon Musk owns X, formerly Twitter, following October 2022's $44 billion acquisition of the platform by the Tesla CEO.
"I believe Tesla can resolve all of these issues but to suggest TSLA Robotaxi is years ahead of Waymo or Zoox or autonomous options Uber can offer with its partners on the Uber platform is nonsense," Black said in the post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am posting this not because I like <a href="https://twitter.com/RealDanODowd?ref_src=twsrc%5Etfw">@RealDanODowd</a> (in fact I usually find his commentary blatantly misleading), but because of the stunning lack of constructive feedback on X summarizing problematic issues associated with the TSLA robotaxi rides I saw on X. I believe <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> can… <a href="https://t.co/hWJukTBRpm">https://t.co/hWJukTBRpm</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1937620960510878115?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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Why It Matters: The investor's criticism comes as the Robotaxi launch is under the scrutiny of the National Highway Traffic Safety Administration over <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">possible traffic violations</a> committed by the Robotaxis during Sunday's launch.
The regulator said it was reviewing the incidents after footage emerged of a Robotaxi speeding, as well as driving in the wrong lane during a separate incident at the launch.
Meanwhile, in a different inquiry into the company's Full Self-Driving or FSD tech's viability in poor weather conditions, Tesla has <a href="https://www.benzinga.com/markets/tech/25/06/46066530/tesla-wants-to-keep-its-texas-self-driving-data-private-amid-austin-robotaxi-launch-report">invoked a federal law</a>, which bars the NHTSA from making the EV giant's responses public due to confidentiality.
Tesla said that it has invoked the law to prevent any sensitive information about FSD from being out in public and used by competitors to improve their autonomous driving tech.
However, the EV giant is also facing <a href="https://www.benzinga.com/markets/tech/25/06/46068107/elon-musks-tesla-faces-wrongful-death-lawsuit-over-model-s-crash-which-claimed-3-lives-plaintiffs-call-cars-design-defective-and-unreasonably-dangerous">a wrongful death lawsuit</a> over a 2024 crash involving a Model S, which the plaintiffs of the case say has a "defective and unreasonable dangerous" design.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="201" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023646/TSLA-JUN-25-2025-1-1024x201.jpg" alt="" class="wp-image-960960" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023646/TSLA-JUN-25-2025-1-1024x201.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023646/TSLA-JUN-25-2025-1-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023646/TSLA-JUN-25-2025-1-768x151.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023646/TSLA-JUN-25-2025-1-1536x301.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023646/TSLA-JUN-25-2025-1.jpg 1549w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46087567/uber-nears-all-time-high-as-waymo-partnership-expands-to-atlanta-gary-black-calls-it-low-risk-while-tesla-lags-in-supervised-autonomy">Uber Nears All-Time High As Waymo Partnership Expands To Atlanta — Gary Black Calls It &#8216;Low-Risk&#8217; While Tesla Lags In &#8216;Supervised Autonomy&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Gary Black Calls Out 'Lack Of Constructive Feedback' On Tesla's Robotaxi Launch

Tom Lee, the head of research at Fundstrat Global Advisors, highlighted a crucial factor that could explain why the&nbsp;European Central Bank&nbsp;(ECB) has been able to cut interest rates while the&nbsp;U.S. Federal Reserve&nbsp;(Fed) has not.
What Happened: In a Monday interview with CNBC, Tom Lee explained that the European Central Bank's decision to cut interest rates stems from how it calculates core inflation—excluding housing costs. 
He emphasized that this contrasts sharply with the U.S., where housing plays a major role in inflation data. According to Lee, if the U.S. used Europe's approach, its core CPI would actually appear lower than Europe's, potentially justifying rate cuts.
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</figure>
On that note, Lee anticipates a &#8216;dovish&#8217; tilt from the Fed towards the end of the year. &#8220;I do think there should be a dovish tilt towards the Fed or it that&#8217;s the upside opportunity into year end as well,&#8221; stated Lee.
Notably, the ECB has reduced borrowing costs eight times since last June, amounting to a 2% decrease. This was done to support the struggling eurozone economy, which was already facing challenges before being further impacted by the U.S.&#8217;s unpredictable economic and trade policies.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/46051740/nearly-40-years-ago-donald-trump-blamed-this-country-for-his-tariff-push-and-its-no" target="_blank" rel="noreferrer noopener">Nearly 40 Years Ago, Donald Trump Blamed This Country For His Tariff Push — And It&#8217;s Not China: &#8216;I&#8217;d Make Our Allies Pay Their Fair Share&#8217;</a>
Why It Matters:&nbsp;Lee&#8217;s comments come in the wake of the Federal Reserve&#8217;s decision to hold on to the interest rates, a move that was widely anticipated.&nbsp;The Fed&#8217;s approach to interest rates has been a topic of much discussion recently.&nbsp;Federal Reserve Chair Jerome Powell&nbsp;stated that <a href="https://www.benzinga.com/markets/economic-data/25/06/46077396/powell-interest-rates-trump-inflation-tariffs">while inflation</a> has decreased from its 2022 peak, it remains &#8220;somewhat elevated,&#8221; and the central bank is not yet ready to make any adjustments. However, a &#8220;significant majority&#8221; of committee members expect rate cuts later this year.
On Monday,  <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46069125/fed-governor-michelle-bowman-backs-july-rate-cut-citing-contained-inflation-pressure-impact-of-tariffs-may-take-longer">Fed Governor Michelle Bowman</a> voiced her support for a potential rate cut in July, provided that inflation remains subdued, echoing the opinion of another Fed Governor, Christopher Waller.
Earlier this month, President Donald Trump renewed his criticism of Jerome Powell, urging him to cut interest rates following a report from ADP showing a slowdown in May job growth. Trump emphasized that Europe has already cut rates multiple times, saying, &#8220;‘Too Late' Powell must now lower the rate.&#8221;
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tom Lee On Why Fed's Holding Back While Europe Eases Aggressively: 'That's The Upside Opportunity Into Year End'

ECARX Signs Lidar Partnership With Global Robotic Lawn Mower Developer, Expanding Beyond Automotive Into AI-Driven Robotics

The U.S. Federal Reserve is bracing for potential Iranian cyberattacks following recent military actions, with Chair&nbsp;Jerome Powell&nbsp;confirming the central bank&#8217;s vigilance.
What Happened: The Fed is on high alert for potential retaliatory cyberattacks from Iran, Powell revealed during a congressional hearing on Tuesday. The U.S. military&#8217;s bombing of three Iranian nuclear facilities has raised concerns about possible cyber strikes, <a href="https://fortune.com/2025/06/24/jerome-powell-federal-reserve-iran-cyberattacks-united-states/">reported</a> Fortune.
&#8220;We&#8217;re on the alert because we&#8217;re a target as well,&#8221; Powell stated. &#8220;So you&#8217;re right to raise it. It&#8217;s a big issue.&#8221;
He assured that the Fed is well-equipped to fend off any potential cyber threats. Powell expressed confidence in the government&#8217;s ability to fend off a potential cyberattack, but warned against complacency, given the evolving nature of cyber threats.
 &#8220;&#8230;you can never, ever be comfortable in this area because the bad guys are always getting better," cautioned Powell.
Experts and government agencies have warned businesses, especially those in the financial sector, about the possibility of Iranian cyberattacks in response to the U.S. military actions.
SEE ALSO: <a href="https://benzinga.com/markets/tech/25/06/46046720/tesla-doubles-down-on-us-elon-musk-plans-another-8-billion-investment-after-spending-nearly-10-billi" target="_blank" rel="noreferrer noopener">Tesla Doubles Down On US — Elon Musk Plans Another $8 Billion Investment After Spending Nearly $10 Billion In 2024</a>
Why It Matters: Iranian cyberattacks have spanned multiple U.S. administrations. In 2016, the FBI charged seven Iranians linked to the Iranian government for cyberattacks targeting about 50 financial institutions and a New York dam between 2011 and 2013, using botnets and malicious code. 
The recent U.S. involvement in Israel&#8217;s conflict with Iran has led to a fragile geopolitical environment. Cybersecurity firms like CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) are <a href="https://www.benzinga.com/markets/options/25/06/46061830/crwd-stock-gains-relevance-iran-cyberattack-threat">gaining relevance</a> as potential retaliatory cyberattacks from Iran are anticipated. This has led to an incentive among government and private institutions to strengthen their digital defenses.
Earlier, in June, an Israel-linked group claimed responsibility for<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46010734/israel-linked-predatory-sparrow-hackers-say-theyve-drained-millions-in-bitcoin-ethereum-from-irans-crypto-exchange"> a cyberattack </a>on Iranian cryptocurrency exchange, Nobitex, draining nearly $90 million. This incident further underscores the potential for cyber retaliation. 
Despite the rising tensions, a ceasefire was announced by President Donald Trump early Tuesday morning, which was later accused of being violated by both Iran and Israel. However, the President later stated via Truth Social that Israel <a href="https://www.benzinga.com/news/politics/25/06/46072859/trump-says-israel-is-not-going-to-attack-iran-after-ceasefire-violation-turn-around-and-head-home">would not </a>attack Iran again.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/economic-data/25/06/46077396/powell-interest-rates-trump-inflation-tariffs">Will The Fed Cut Rates In 2025? Powell Says It All Depends On Tariffs</a></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

CRWD

Federal Reserve On 'Alert' Amid Potential Iranian Cyberattack Threats, Says Jerome Powell: 'It's A Big Issue'

In an official announcement on Tuesday, McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) and Krispy Kreme Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) have decided to part ways. Concerns about profitability led to the termination of this association. Their US doughnut partnership will conclude on July 2, 2025.  
What Happened: The two companies have mutually agreed to end their partnership after thoughtful consideration, which began with much enthusiasm, according to the statement. 
McDonald&#8217;s USA&#8217;s Chief Marketing and Customer Experience Officer, Alyssa Buetikofer, expressed her satisfaction with the partnership, acknowledging Krispy Kreme&#8217;s delivery of a high-quality product. This decision comes amid a <a href="https://www.benzinga.com/news/25/03/44261266/whats-going-on-with-mcdonalds-mcd-stock-today">challenging period</a> for McDonald&#8217;s.
Krispy Kreme&#8217;s CEO, Josh Charlesworth, also appreciated the close collaboration between the two companies. He further added that the partnership was deemed unsustainable due to the inability to align costs with unit demand. The executive emphasized Krispy Kreme&#8217;s focus on expanding its doughnut availability through U.S. retail points and international franchise growth.
&#8220;Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us,&#8221; said Charlesworth.
See Also: <a href="https://benzinga.com/news/health-care/25/06/46019662/houston-hospital-makes-history-with-nations-first-fully-robotic-heart-transplant-on-patient-who-said-do-what-youve-got-to-do-to-save-me">Houston Hospital Makes History With Nation&#8217;s First Fully Robotic Heart Transplant On Patient Who Said &#8216;Do What You&#8217;ve Got To Do To Save Me&#8217; &#8211; Benzinga</a>
Despite the end of the partnership, McDonald&#8217;s continues to prioritize its breakfast segment, which is a core pillar of its business strategy.
Why It Matters: The Golden Arches operator reported a <a href="https://www.benzinga.com/25/05/45135213/mcdonalds-q1-revenue-decline-34-as-war-in-the-middle-east-bites-stock-dips">3.4% decline in revenue</a> in the first quarter of 2025, attributed to the war in the Middle East and consumer uncertainty. This decline in revenue was part of a broader trend, with McDonald&#8217;s stock experiencing a <a href="https://www.benzinga.com/25/05/45145631/dow-surges-over-300-points-mcdonalds-posts-weak-revenue">period of weakness</a> in the stock market.
On the other hand, though Krispy Kreme's stock saw a slight dip after the announcement, reflecting profitability and growth concerns by the investors, the multinational doughnut company aspires to expand its global presence. The recent sale of a stake in <a href="https://www.benzinga.com/25/06/45938794/benzinga-bulls-and-bears-eli-lilly-okto-mcdonalds-and-israel-iran-conflict-sparks-oil-surge">Insomnia Cookies</a> and its <a href="https://www.benzinga.com/25/05/45145631/dow-surges-over-300-points-mcdonalds-posts-weak-revenue">profitable U.S. expansion</a> through high-volume retail points of distribution is evidence  to that.
Price Action: On Friday, McDonald&#8217;s stock closed nearly 0.7% higher at $291.47. Krispy Kreme shares closed 0.8% lower at $2.60, but gained 1.2% in after-hours trading to $2.63, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro.</a>
Benzinga's Edge Stock Rankings indicate that McDonald&#8217;s Price Trend doesn&#8217;t check out over the Short, Medium and Long periods. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how Krispy Kreme compares</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25025735/Screenshot-2025-06-25-at-15.57.22.png" alt="" class="wp-image-960986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25025735/Screenshot-2025-06-25-at-15.57.22.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25025735/Screenshot-2025-06-25-at-15.57.22-300x191.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Photo Courtesy: Morumotto on Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/news/entertainment/25/06/46068875/from-squid-game-trials-to-bridgerton-balls-ex-insider-says-netflix-is-quietly-building-a-real-world-empire-a-disney-style-ecosystem-in-the-works">From &#8216;Squid Game&#8217; Trials To Bridgerton Balls: Ex-Insider Says Netflix Is Quietly Building A Real-World Empire — A Disney-Style Ecosystem In The Works</a></li>
</ul>

DNUT

McDonald's And Krispy Kreme To End Partnership In July, Doughnut Company CEO Says Efforts To Bring Costs Down With Unit Demand Were 'Unsuccessful'

<ul>
<li>NURTuRE-AKI is a novel observational study that collects longitudinal data and biological samples from fully consented acute kidney injury ("AKI") patients, developed as part of a research consortium led by Kidney Research UK</li>
<li>The study focuses on 3 clearly defined cohorts: AKI of iatrogenic origin (following cardiac surgery), AKI to chronic kidney disease ("CKD") transition and pediatric AKI.</li>
<li>This partnership will enable Evotec to understand human disease progression on a molecular level and to perform targeted drug discovery in the field of AKI.</li>
</ul>

Evotec Joins NURTuRE-AKI To Unlock Precision Medicine Approaches For Acute Kidney Injury Using PanOmics And Longitudinal Patient Data

The U.S. housing market is tilting sharply in favor of buyers, with a record 33.7% more sellers than buyers, according to the latest data.
What Happened: This imbalance, the largest since 2013, is driving expectations of a 1% decline in home prices by year-end, as <a href="https://www.redfin.com/news/sellers-vs-buyers-price-impact/">reported</a> by Redfin. 
With 1.9 million sellers compared to 1.5 million buyers, the market is experiencing its highest seller-to-buyer ratio since March 2020, fueled by high home prices, elevated mortgage rates, and easing "mortgage rate lock-in" effects.
Redfin's analysis highlights a stark buyer's market in 31 of the top 50 U.S. metros, with Miami, Florida, leading where sellers outnumber buyers nearly 3 to 1.
In contrast, Newark, New Jersey, remains the strongest seller's market, with home prices rising 12.2% year-over-year. Nationally, the median home sale price grew 1.6% to $431,931 in April, but Redfin predicts this growth will reverse as sellers compete for fewer buyers, expecting home prices to drop 1% by the end of the year as a result.
Bill Adams, Chief Economist at Comerica Bank, corroborates this trend, noting weaker-than-expected house price indices in April, with the S&amp;P CoreLogic Case-Shiller 20-City Index falling 0.3% month-over-month.
Adams points to &#8220;anemic&#8221; existing home sales and rising listings in May, alongside declining consumer confidence in June, as signals of a cooling market.
Despite some Federal Reserve governors advocating for rate cuts, Chair Jerome Powell's "wait-and-see" stance suggests no immediate relief from high rates, which averaged 6.73% in April. &#8220;Comerica forecasts for the Fed to hold rates unchanged in the second half of 2025,&#8221; said Adams.
See Also: <a href="https://www.benzinga.com/markets/25/06/46042382/mark-cuban-corrects-elizabeth-warren-as-she-slams-jnj-pfe-for-higher-prices-and-zero-taxes-on-big-ph" target="_blank" rel="noreferrer noopener">Mark Cuban Corrects Elizabeth Warren As She Slams JNJ, PFE For Higher Prices And Zero Taxes On Big Pharma: ‘PBMs Corrupt Healthcare&#8217;</a>
Why It Matters: Apart from benchmark house price indexes being weaker than expected in April, &#8220;the listings-to-sales ratio was the highest since 2016,&#8221; pointed Adams, also adding that &#8220;jobs data point to less labor demand.&#8221;
These variables, combined with the Fed&#8217;s stance to keep holding rates, could affect the housing demand, thus dampening the prices.
Price Action: Here is a list of some real estate and housing exchange-traded funds that investors could consider as a play on the evolving housing demand.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>SPDR S&amp;P Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>)</td>
<td>-4.94%</td>
<td>-2.56%</td>
</tr>
<tr>
<td>Vanguard Real Estate Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>)</td>
<td>3.55%</td>
<td>9.38%</td>
</tr>
<tr>
<td>Schwab US REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHH#NYSE">SCHH</a>)</td>
<td>3.88%</td>
<td>9.22%</td>
</tr>
<tr>
<td>Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>4.89%</td>
<td>11.77%</td>
</tr>
<tr>
<td>iShares US Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYR#NYSE">IYR</a>)</td>
<td>4.29%</td>
<td>11.16%</td>
</tr>
<tr>
<td>iShares Core US REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USRT#NYSE">USRT</a>)</td>
<td>1.37%</td>
<td>9.47%</td>
</tr>
<tr>
<td>DFA Dimensional Global Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFGR#NYSE">DFGR</a>)</td>
<td>6.81%</td>
<td>9.58%</td>
</tr>
<tr>
<td>SPDR Dow Jones REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWR#NYSE">RWR</a>)</td>
<td>0.02%</td>
<td>6.97%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Tuesday. The SPY was up 1.10% at $606.78, while the QQQ advanced 1.53% to $539.78, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/06/46068345/blackrock-bets-big-on-defense-companies-amid-escalating-geopolitical-tensions-palantir-lockheed-martin-northrop-grumman-among-stocks-in-focus" target="_blank" rel="noreferrer noopener">BlackRock Bets Big On Defense Companies Amid Escalating Geopolitical Tensions: Palantir, Lockheed Martin, Northrop Grumman Among Stocks In Focus</a></li>
</ul>
Photo courtesy: Shutterstock

Real Estate

DFGR

iShares Trust Dow Jones US Real Estate Fund Index

SCHH

USRT

XLRE

Too Many Home Sellers, Fewer Buyers: Experts Predict Housing Prices To Fall In 2025 Without A Fed Put In Place

FCPT

Reported Earlier, FCPT Acquires Four Cheddar's Scratch Kitchen Properties For $14.7M Across Kentucky, Indiana, And Virginia

The units are expected to trade on the Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbol "LWACU" beginning June 25, 2025. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols "LWAC" and "LWACW," respectively.

IPOs

LWAC

LWACU

Reported Earlier, LightWave Acquisition Corp. Prices $187.5M Initial Public Offering Of 18.75M Units At $10.00 Each

LADR

Reported Earlier, Ladder Capital Subsidiaries Prices $500M Offering Of 5.500% Senior Notes Due 2030

Rep. Thomas Massie (R-Ky.) announced on Monday he will reprogram his debt clock badge to display milliseconds elapsed since President Donald Trump last tweeted attacks against him, escalating their public feud over fiscal policy and Trump&#8217;s &#8220;Big Beautiful Bill.&#8221;
What Happened: &#8220;I&#8217;m going to program my debt badge to display the number of milliseconds that have elapsed since DonaldTrump has tweeted at me last,&#8221; Massie wrote on X, referencing Trump&#8217;s criticism calling him &#8220;not MAGA&#8221; and demanding voters &#8220;GET THIS &#8216;B&#x2A;M&#8217; OUT OF OFFICE, ASAP!!!&#8221;
The Kentucky congressman&#8217;s digital badge currently displays the U.S. national debt at $36.21 trillion, serving as his ongoing protest against government spending. His plan to reprogram it represents a direct response to Trump&#8217;s attacks following Massie&#8217;s opposition to the administration&#8217;s tax legislation.
<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">I'm going to program my debt badge to display the number of milliseconds that have elapsed since <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> has tweeted at me last. <a href="https://t.co/4zeCg3FDT5">pic.twitter.com/4zeCg3FDT5</a>
&mdash; Thomas Massie (@RepThomasMassie) <a href="https://twitter.com/RepThomasMassie/status/1937228345202164060?ref_src=twsrc%5Etfw">June 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The conflict stems from Massie&#8217;s resistance to Trump&#8217;s proposed &#8220;One Big, Beautiful Bill,&#8221; which aims to extend 2017 tax cuts. Treasury Secretary Scott Bessent warned of a &#8220;$4 trillion tax hike&#8221; <a href="https://www.benzinga.com/news/politics/25/06/45832237/trumps-tax-bill-will-harm-middle-class-families-warns-thomas-massie-calls-treasury-secretary-scott-bessents-4-trillion-tax-hike-claim-misleading">without the legislation</a>, citing support from &#8220;300 leading economists.&#8221;
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46087132/elizabeth-warren-says-the-tax-break-for-mark-zuckerbergs-meta-is-so-bountiful-under-trumps-big-beautiful-bill-that-35-copay-from-each-american-wont-still">Elizabeth Warren Says The Tax Break For Mark Zuckerberg&#8217;s Meta Is So Bountiful Under Trump&#8217;s &#8216;Big Beautiful Bill&#8217; That $35 Copay From Each American Won&#8217;t Still Match It</a>
Why It Matters: Massie countered that &#8220;the biggest tax will be when you must monetize the debt to pay for the BBB,&#8221; referring to Federal Reserve money creation that drives inflation. He criticized the bill&#8217;s <a href="https://www.benzinga.com/news/politics/25/06/45832237/trumps-tax-bill-will-harm-middle-class-families-warns-thomas-massie-calls-treasury-secretary-scott-bessents-4-trillion-tax-hike-claim-misleading">removal of the $10,000 state and local tax</a> (SALT) deduction cap, calling it a &#8220;$300b SALT bribe to NY and CA millionaires.&#8221;
The fiscal hawk&#8217;s stance aligns with <a href="https://www.benzinga.com/news/politics/25/06/45832237/trumps-tax-bill-will-harm-middle-class-families-warns-thomas-massie-calls-treasury-secretary-scott-bessents-4-trillion-tax-hike-claim-misleading">growing GOP opposition to Trump&#8217;s spending plans</a>. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk called the bill a &#8220;disgusting abomination,&#8221; while Sen. Ron Johnson (R-Wis.) and Sen. Rand Paul (R-Ky.) echoed deficit concerns.
Massie&#8217;s debt badge stunt follows his criticism of Trump&#8217;s military actions in Iran without Congressional approval and his support for War Powers Resolution votes.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Thomas Massie Says He'll Recode Debt Clock To Track Time Since Trump Last Tweeted At Him

The gross proceeds to Cidara from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be $350.0 million.

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The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be $40.0 million, assuming no exercise of the underwriters' option. The Company expects to use the net proceeds to repay $31.41 million of principal outstanding under the senior unsecured convertible promissory note with a face value of $40.0 million issued by the Company to its largest shareholder, Lynrock Lake Master Fund LP ("Lynrock"), on February 18, 2022 (as amended, the "Lynrock Note"), and the balance for general corporate purposes.

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Winnebago Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) will release earnings results for the third quarter, before the <a href="https://www.benzinga.com/quote/WGO/earnings">opening bell on Wednesday, June 25.</a>
Analysts expect the Eden Prairie, Minnesota-based company to report quarterly earnings at 79 cents per share, down from $1.13 per share in the year-ago period. Winnebago projects to report quarterly revenue of $774.81 million, compared to $786 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On June 5, Winnebago Industries issued third-quarter adjusted EPS guidance below estimates.
Winnebago shares slipped 0.03% to close at $31.33 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> &lt;/em>&lt;/a> in the recent period.
<ul class="wp-block-list">
<li>Citigroup analyst James Hardiman maintained a Buy rating and raised the price target from $36 to $37 on June 6, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Truist Securities analyst Michael Swartz maintained a Buy rating and increased the price target from $38 to $40 on June 3, 2025. This analyst has an accuracy rate of 60%.</li>
<li>Keybanc analyst Eric Heath maintained an Overweight rating and cut the price target from $47 to $40 on April 17, 2025. This analyst has an accuracy rate of 79%.</li>
<li>Northcoast Research analyst John Healy upgraded the stock from Neutral to Buy on Nov. 11, 2024. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying WGO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/WGO/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023524/image-367-1024x582.png" alt="" class="wp-image-960955" style="width:639px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023524/image-367-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023524/image-367-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023524/image-367-768x436.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25023524/image-367.png 1121w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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