La cadena de opciones muestra datos clave de las opciones de acciones de Shengfeng Development a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Shengfeng Development..

Shengfeng Development (NASDAQ:SFWL) Bolsa, Cadena de Opciones

Shengfeng Development

Shengfeng Development Ltd is a holding company. The company offers contract logistics services comprising planning and designing supply chains, designing facilities, processing orders, collecting payments, managing inventories, and providing client services. The integrated logistics solution services of the company are comprised of three segments: B2B freight transportation; cloud storage; and value-added services.

Shengfeng Development Limited - Class A Ordinary Shares

Shengfeng Development Ltd

Billionaire investor&nbsp;Bill Ackman&nbsp;has ramped up his stake in&nbsp;Nike&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) by 15%, while simultaneously cutting back his investment in&nbsp;Chipotle Mexican Grill&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) by 14%, as per the recent 13F regulatory filing.
What Happened: Ackman&#8217;s firm,&nbsp;Pershing Square Capital Management, now holds&nbsp;18.8 million shares in Nike&nbsp;and 24.7 million shares in&nbsp;Chipotle. Pershing Square has been a Chipotle shareholder since 2016.
Ackman, known for his active involvement in companies like&nbsp;Canadian Pacific Kansas City&nbsp;and&nbsp;Air Products and Chemicals, has been relatively quiet in recent years. Nonetheless, his investment decisions continue to draw interest.
Over time, Pershing Square has been steadily decreasing&nbsp;its investment in Chipotle, one&nbsp;of its major success stories in recent years. As of June 30, the firm&nbsp;owned 28.8 million Chipotle shares.
The regulatory document 13F filing, also disclosed that Pershing Square trimmed its stake in&nbsp;Hilton Worldwide Holdings&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>)&nbsp;by 26% to 5.4 million&nbsp;shares. 
Also Read: <a href="https://www.benzinga.com/markets/24/12/42635629/bill-ackmans-advice-stay-away-from-shorting-stocks-avoid-commodity-sensitive-industries-and-you-do-great">Bill Ackman&#8217;s Advice: &#8216;Stay Away From Shorting Stocks, Avoid Commodity-Sensitive Industries, And You Do Great&#8217;</a>
The firm&#8217;s largest holding is investment company&nbsp;Brookfield,&nbsp;with roughly 35 million shares.
Why It Matters: This portfolio adjustment comes as Ackman&#8217;s firm continues to navigate the fluctuating market conditions. The decision to increase the stake in Nike could be seen as a vote of confidence in the sportswear giant&#8217;s growth prospects. 
On the other hand, the reduction in Chipotle and Hilton stakes might suggest a cautious approach towards the hospitality sector, which has been hit hard by the pandemic. 
These moves reflect Ackman&#8217;s strategy of balancing growth potential with risk management in his investment decisions.
Read Next
<a href="https://www.benzinga.com/news/24/07/40082441/bill-ackman-hits-pause-on-pershing-square-ipo-after-investors-hesitate">Bill Ackman Hits Pause On Pershing Square IPO After Investors Hesitate</a>
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Bill Ackman's Pershing Square Adjusts Portfolio, Trims Chipotle and Boosts Nike

The bond market&#8217;s conflicting pressures intensified Wednesday after <a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43660298/inflation-spike-sparks-dollar-rally-yields-jump-while-bitcoin-stocks-slide-as-interest-rate-cut-doubts-grow">hotter-than-expected January inflation data</a> challenged earlier concerns about economic slowdown under President Donald Trump&#8216;s trade policies.
Consumer prices rose 3% year-over-year, exceeding expectations of 2.9% and marking the fourth consecutive increase in annual inflation. The monthly reading surged 0.5%, the largest increase since August 2023.
&#8220;There&#8217;s an underlying fear that growth might be slowing down,&#8221; Apollo Chief Economist Torsten Slok <a href="https://www.ft.com/content/d79cffed-d68f-4f4a-9a8c-31dcd60d5a5b">told the Financial Times</a> on Monday, citing trade war concerns. However, Wednesday&#8217;s inflation data shifted market focus back to price pressures.
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The U.S. dollar, which had slipped 0.4% since early January, reversed course with a 0.5% rally Wednesday. Treasury yields, which had dropped to 4.54% from January highs of 4.8%, jumped 10 basis points following the consumer price index report.
Traders now expect the Federal Reserve&#8217;s first rate cut to come no earlier than December, with a second cut priced for September 2026, according to <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">CME FedWatch data</a>. It's a shift from earlier market expectations. President Donald Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/113991030846598649">on Truth Social</a> Wednesday called for lower interest rates, suggesting the move would complement his tariff policies. It comes as his administration <a href="https://www.benzinga.com/25/02/43450261/trump-trudeau-strike-border-security-deal-tariffs-on-canada-paused-for-at-least-30-days">delayed 25% tariffs on Mexico and Canada</a> while implementing 10% additional tariffs on Chinese imports.
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Core inflation, excluding food and energy, increased 3.3% year-over-year, exceeding forecasts of 3.1%. Among major CPI components, fuel oil jumped 6.2% month-over-month, while the index for meats, poultry, fish, and eggs rose 1.9%.&nbsp;
Egg prices alone surged 15.2%, the largest increase since June 2015, accounting for about two-thirds of the monthly food increase.&nbsp;
&#8220;If the Fed were truly committed to its 2% inflation target, market participants would be discussing a potential rate hike and not just a longer pause in the cutting cycle,&#8221; Allianz Chief Economic Adviser Mohamed El-Erian <a href="https://x.com/elerianm/status/1889675183578914888">said on X</a>.&nbsp;
The inflation data complicates the outlook for emerging markets, which had shown resilience against Trump&#8217;s trade policies. Since his second term began, the Chilean peso gained over 3%, while the Colombian peso and Brazilian real rose more than 6% against the dollar.
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Apollo Chief Economist: Markets Are Caught Between Inflation And Slowdown Fears

In a recent shift of investment strategy,&nbsp;David Tepper&#8216;s hedge fund,&nbsp;Appaloosa LP, has made significant alterations to its portfolio. 
What Happened: The firm&#8217;s latest 13F filing reveals a reduction in semiconductor holdings, while stakes in other tech stocks, including&nbsp;Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and the&nbsp;ARK Innovation ETF (ARKK), have been increased.
Appaloosa LP, during&nbsp;the fourth quarter of 2023,&nbsp;purchased&nbsp;1.3 million shares in Oracle&nbsp;Corp worth approximately&nbsp;$140 million and a call&nbsp;option for nearly&nbsp;2.6 million shares of the&nbsp;ARK Innovation ETF valued at over $133 million. The hedge fund also established&nbsp;new positions in FMC Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>) and General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>).
Investments were also made&nbsp;in the home improvement, construction,&nbsp;and building materials sectors, with the acquisition of shares in firms such as Masco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAS#NYSE">MAS</a>), Mohawk Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>), and Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>).
According to a report <a href="https://www.investopedia.com/tepper-appaloosa-13f-q4-2023-8580346">by </a>Investopedia, Appaloosa reduced its positions in&nbsp;several tech firms, including Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>),&nbsp;Alphabet Class C stock (GOOG),&nbsp;Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), and&nbsp;Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).&nbsp;The largest sell-off involved&nbsp;nearly 1.7 million shares of&nbsp;Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Also Read: <a href="https://www.benzinga.com/markets/equities/25/02/43746268/david-tepper-rausing-family-boost-nvidia-holdings-ahead-of-stock-volatility">David Tepper, Rausing Family Boost Nvidia Holdings Ahead Of Stock Volatility</a>
Outside of tech, the fund sold off shares in KE Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>), Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>), and PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>). On the flip side, Appaloosa added to its existing positions in Caesars Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), MPLX LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>), Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
The hedge fund also&nbsp;exited two positions entirely in&nbsp;the fourth quarter, selling off&nbsp;shares of Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>)&nbsp;and Enterprise Products Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPD#NYSE">EPD</a>).
Why It Matters: Appaloosa&#8217;s portfolio reshuffle indicates a strategic shift towards diversification. The reduction in semiconductor holdings comes amidst a global chip shortage, potentially signaling a cautious approach. 
The increased stakes in other tech stocks and the home improvement sector suggest a focus on industries that have shown resilience during the pandemic. The fund&#8217;s&nbsp;new positions in FMC Corp.&nbsp;and General Motors Co. indicate a bet on the agrochemical and automotive industries, respectively. 
The sell-offs, on the other hand, might reflect an attempt to mitigate risks associated with specific stocks or sectors.
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David Tepper's Appaloosa Revamps Portfolio, Cuts Down On Semiconductor Stocks

Warren Buffett&#8216;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) made significant adjustments to its portfolio in Q4 2024, reducing its investment in a number of stocks. However, its stake in Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) remains unchanged, as revealed in the recent 13F filings.
What Happened:&nbsp;Berkshire Hathaway has continued to offload its shares in&nbsp;Bank of America Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), one of its largest holdings. The company also downsized its stake in&nbsp;Citigroup Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and sold a portion of its investment in&nbsp;Capital One Financial Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>).
In addition, Berkshire Hathaway announced a new $1.2 billion position in&nbsp;Constellation Brands, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), a U.S. seller of Modelo and Corona beer, and divested&nbsp;its shares of Ulta Beauty.
According to the report <a href="https://www.wsj.com/finance/stocks/buffetts-berkshire-holds-on-to-apple-shares-but-trims-stakes-in-bofa-citi-and-capital-one-b9efdb12">by </a>Wall Street Journal, despite ongoing speculation, Berkshire Hathaway did not sell any of its 300 million Apple shares, which were valued at $75.1 billion as of December 31, 2024.
The regulatory filing also indicated that Berkshire increased its investments in Domino&#8217;s Pizza and Pool Corp., which it had previously disclosed three months ago.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/25/01/42803589/warren-buffetts-advice-for-overpriced-stocks-zip-up-your-wallet-take-a-vacation-and-come-back-in-a-few-years-to-buy-stocks-at-cheap-prices" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Advice for Overpriced Stocks: ‘Zip up Your Wallet, Take a Vacation, and Come Back in a Few Years To Buy Stocks at Cheap Prices&#8217;</a>
Investors are eagerly awaiting Buffett&#8217;s annual letter, set to be released on February 22, for insights into these recent trading decisions.
Why It Matters: The recent changes in Berkshire Hathaway&#8217;s portfolio reflect the company&#8217;s strategic investment decisions. The continued investment in Apple, despite the sale of other tech stocks, suggests confidence in the tech giant&#8217;s performance. 
The reduction in financial stocks could indicate a shift in Berkshire&#8217;s investment strategy, possibly due to changing market conditions or a reassessment of the financial sector&#8217;s future prospects. The new stake in Constellation Brands and increased positions in Domino&#8217;s Pizza and Pool Corp. highlight Berkshire&#8217;s interest in diversifying its portfolio. 
The upcoming annual letter from Buffett will likely provide further clarity on these decisions.
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AAPL

Berkshire Hathaway Adjusts Portfolio, Keeps Apple Stake Unchanged, Offloads Stakes in BofA

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas">many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The S&amp;P 500 rose about 1.5% this week, while the Dow gained 0.6% and the Nasdaq climbed 2.6%. Inflation remains a concern, but Wall Street stayed resilient as optimism grew around Ukraine peace talks and President Donald Trump's tariff proposal, which appeared less severe than initially expected. 
January's Consumer Price Index rose 3% year-over-year, exceeding forecasts, with energy and food prices—particularly eggs—driving the increase, while core inflation also came<a href="https://www.benzinga.com/economics/macro-economic-events/25/02/43692996/inflation-fears-mount-as-producer-prices-soar-to-35-put-fed-interest-rate-cut-on-ice"> in hotter than anticipated. </a>
Fed Chair Jerome Powell signaled no urgency to cut interest rates, prompting investors to push back expectations for the first rate cut to December, with some economists even suggesting a <a href="https://www.benzinga.com/news/global/25/02/43748007/inflation-spikes-in-january-wall-street-rallies-on-ukraine-peace-talks-delayed-tariffs-this-week-in-the-markets">hike could be on the table.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/government/regulations/25/02/43592144/us-steel-aluminum-stocks-rally-as-trump-revives-25-tariff-plan">US Steel, Aluminum Stocks Rally As Trump Revives 25% Tariff Plan</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, reports that steel and aluminum stocks surged after Trump announced plans to reintroduce 25% tariffs on imported metals. Shares of Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), Century Aluminum Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENX#NASDAQ">CENX</a>), Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>), and United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) jumped.
&#8220;<a href="https://www.benzinga.com/25/02/43700767/netflix-stock-attractive-at-all-time-highs-for-analyst-virtuous-circle-of-strong-subscriber-growth-more-revenue-and-growing-profit">Netflix Stock Attractive At All-Time Highs For Analyst: &#8216;Virtuous Circle Of Strong Subscriber Growth, More Revenue, And Growing Profit&#8217;</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights a JPMorgan analyst reiterating an Overweight rating on Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a $1,150 price target, citing strong subscriber growth, higher engagement, and price hikes expected to boost 2025 revenue by $2 billion in the U.S. and $370 million in the UK.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43648469/hold-dogecoin-until-march-24-says-top-crypto-trader-expecting-nice-pumps-but-look-out-for-these-sell-signals">Hold Dogecoin Until March 24, Says Top Crypto Trader Expecting &#8216;Nice Pumps:&#8217; But Look Out For These &#8216;Sell&#8217; Signals</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, reports on a crypto trader forecasting a Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) rally around March 24, citing Fibonacci time zones. Another analyst highlights increased whale activity and daily active addresses as indicators of potential bullish momentum.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/25/02/43676849/dutch-bros-stock-rallies-after-blockbuster-q4-results-details">Dutch Bros Stock Rallies After Blockbuster Q4 Results: Details</a>
<a href="https://www.benzinga.com/news/earnings/25/02/43676556/applovin-stock-soars-on-q4-earnings-revenue-beat-eps-beat-strong-guidance-and-more">Applovin Stock Soars On Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance And More</a>
<a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43678005/super-micro-rides-ai-server-boom-analysts-see-big-2026-growth-despite-near-term-challenges">Super Micro Rides AI Server Boom, Analysts See Big 2026 Growth Despite Near-Term Challenges</a>
The Bears
&#8220;<a href="https://www.benzinga.com/news/global/25/02/43600852/china-sets-sights-on-us-tech-companies-as-trade-tensions-rise">China Sets Sights On Apple, Nvidia And Other US Tech Companies As Trade Tensions Rise</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, reports that China is compiling a list of U.S. tech firms to target with potential antitrust probes, aiming to gain leverage in trade negotiations. Companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) could face scrutiny, escalating tensions between Beijing and Washington.
&#8220;<a href="https://www.benzinga.com/25/02/43660030/trump-tariff-threats-put-pressure-on-taiwan-semiconductor-could-push-advanced-packaging-capacity-to-us">Taiwan Semiconductor Under Pressure From Trump Tariff Threats, Could Push Advanced Packaging Capacity to US</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, reports Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) facing uncertainty as Trump considers semiconductor tariffs and potentially scrapping CHIPS Act subsidies, prompting Taiwan's deputy economy minister to visit Washington amid growing trade tensions.
&#8220;<a href="https://www.benzinga.com/25/02/43651110/starbucks-faces-legal-action-over-alleged-discriminatory-hiring-practices">Racism Has No Place in Missouri&#8217;: State Attorney General Sues Starbucks Over Hiring Policies</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/shivani-kumaresan">Shivani Kumaresan</a>, reports on Missouri Attorney General Andrew Bailey suing Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), alleging that its diversity, equity, and inclusion (DEI) initiatives violate federal and state anti-discrimination laws by tying executive compensation to racial and gender quotas.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/02/43667841/inflation-runs-hot-in-january-houston-we-have-a-problem-experts-warn">Inflation Runs Hot In January: &#8216;Houston, We Have A Problem,&#8217; Experts Warn</a>
<a href="https://www.benzinga.com/trading-ideas/movers/25/02/43729865/serve-robotics-tumbles-after-nvidia-exit-shakes-investor-confidence">Serve Robotics Tumbles After Nvidia Exit Shakes Investor Confidence</a>
<a href="https://www.benzinga.com/tech/25/02/43585701/tesla-ceo-elon-musk-vp-of-finance-address-allegations-of-tax-fraud-losses-were-high-for-many-years-so-carry-forward">Tesla CEO Elon Musk, VP Of Finance Address Allegations Of Tax Fraud: &#8216;Losses Were High For Many Years, So Carry Forward&#8217;</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
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Benzinga Bulls and Bears: Apple, Nvidia, Netflix and Trader Predicts Dogecoin Surge by March 24

<a href="https://www.benzinga.com/startups/24/11/42042350/billionaires-like-gates-bezos-and-altman-are-backing-nuclear-energy-heres-why-theyre-all-in-and-if-you-should-be-too">Jeff Bezos</a>&#8216; Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has landed its first <a href="https://www.telegraph.co.uk/business/2025/02/09/bezos-wins-first-military-satellite-contract-concern-musk/">military contract </a>in the UK, taking a step into defense communications.&nbsp;
Project Kuiper, Amazon's satellite venture, secured a $830,000 consultancy deal with the UK&nbsp; Defense Ministry to explore advanced space-based communication systems, <a href="https://www.telegraph.co.uk/business/2025/02/09/bezos-wins-first-military-satellite-contract-concern-musk/">The Telegraph reported</a>. The findings were later presented to UK Space Command.
Project Kuiper is Amazon's answer to Elon Musk's Starlink. Starlink already has nearly 7,000 satellites in orbit, providing internet to millions. Amazon, on the other hand, plans to start launching its network of more than <a href="https://www.aboutamazon.com/what-we-do/devices-services/project-kuiper">3,000 low Earth orbit satellites</a> this year, with services rolling out shortly after.
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The deal with the MoD focuses on "translator" satellites—technology that could allow different military, government, and private satellite systems to communicate with each other. Right now, most satellites are limited to their own networks.&nbsp;
The U.S. <a href="https://www.darpa.mil/research/programs/space-based-adaptive-communications-node">Defense Advanced Research Projects Agency</a> is working on similar tech to improve coordination between allied nations.&nbsp;
Amazon has been making moves to get closer to UK defense officials. Executives from Project Kuiper and Bezos' rocket company, Blue Origin, met with Air Marshal Paul Godfrey, the former head of UK Space Command, last year, The Telegraph reported.&nbsp;&nbsp;
The company has also been pursuing <a href="https://www.ssc.spaceforce.mil/Portals/3/Documents/PRESS%20RELEASES/U.S.%20Space%20Force%E2%80%99s%20Space%20Systems%20Command%20Awards%20Three%20Contracts%20for%20National%20Security%20Space%20Launch%20Phase%203%20Lane%201.pdf?ver=WT3dldJzYn51seLAiTO3kg%3D%3D">defense contracts in the U.S.</a> as part of a broader push into military communications.
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Amazon is already a<a href="https://www.contractsfinder.service.gov.uk/notice/48741bae-f983-483f-b55c-7cbc1a928b97?origin=SearchResults&amp;p=1"> major IT supplier for the UK government</a>, with its Amazon Web Services&nbsp; division winning multi-billion-pound contracts for cloud computing and data storage. Now, it's expanding into satellite broadband.&nbsp;
Following <a href="https://www.ofcom.org.uk/spectrum/space-and-satellites/statement-amazon-kuiper-services-europe-sarl-application-for-a-non-geostationary-earth-station-network-licence">regulatory approval from Ofcom</a>, Amazon is cleared to offer satellite internet services in the UK. Starlink currently has about 87,000 customers in Britain, with many in rural areas where traditional broadband isn't reliable.
Governments are looking for <a href="https://africa.businessinsider.com/news/europe-is-taking-on-elon-musk-with-its-own-starlink-rival/qx3wb46">alternatives to Starlink</a> to avoid relying too heavily on a single provider. The European Union has backed Iris2, a satellite project meant to give the bloc its own secure space-based communication network.&nbsp;
The UK government, meanwhile, holds a stake in <a href="https://www.gov.uk/government/news/uk-government-secures-satellite-network-oneweb?">Eutelsat OneWeb</a>, but Starlink technology has still been used in trials to improve rural broadband access.
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Beyond the UK, Amazon is in talks with other governments about Kuiper's potential. <a href="https://www.ft.com/content/cbbcf94b-d326-4edd-b926-8a91d5297df8">Taiwanese officials</a> have explored the system as a possible alternative due to concerns over Musk's business links in China.
In Canada, Ontario's government has considered <a href="https://www.ft.com/content/0f8ea270-1807-407c-bc04-6bb9fe6e5478">canceling a Starlink contract</a> amid trade disputes with the U.S.
The UK is also pushing forward with its own military satellite plans. The <a href="https://www.gov.uk/guidance/skynet-6#:~:text=The%20SKYNET%206%20Programme%20delivers,carbon%20emissions%20target%20by%202050">$6.2 billion Skynet 6 program</a>, aimed at upgrading Britain's defense communications, has Airbus and Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) as the final bidders.&nbsp;
Additionally, the <a href="https://www.gov.uk/government/news/uk-cutting-edge-space-defence-backed-by-14-billion">UK government is weighing a $1.7 billion</a> investment in an intelligence-gathering satellite network.
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'Rattling The Door' – How Jeff Bezos' Amazon Is Courting UK Defence Officials To Secure Its Spot In The Satellite Wars

President Donald Trump has directed the Treasury Department to halt new penny production, rekindling the <a href="https://www.benzinga.com/news/25/01/43152917/elon-musk-led-doge-targets-us-penny-over-179m-annual-production-cost">debate over America&#8217;s costliest small change</a>.
Each penny cost $0.037 to produce in 2024, up from $0.021 in 2021, <a href="https://www.wsj.com/personal-finance/trump-penny-us-mint-explained-36db52f6?mod=hp_lista_pos3">according to The Wall Street Journal on Monday</a>. The U.S. Mint lost $85.3 million last year producing nearly 3.2 billion pennies, mostly made of zinc and copper.
The move <a href="https://www.benzinga.com/25/02/43585332/trump-orders-scott-bessent-to-rip-the-waste-out-ends-penny-production-after-elon-musks-doge-report">could save substantial government funds</a>. The U.S. Mint has estimated that suspending penny production would save approximately $250 million over 10 years, the Government Accountability Office said in a 2019 report.
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Public opinion appears mixed. A National Association of Convenience Stores survey found 36% initially supported eliminating pennies, rising to 50% after learning about production costs, The Journal said.&nbsp;&nbsp;
Americans discard up to $68 million in coins annually, The <a href="https://www.wsj.com/finance/americans-throwing-away-coins-28ca794c">Journal reported last year.</a>.
However, small business owners worry about potential impacts. Joshua Dairen, an Alabama coffee shop owner, told The Journal fears penny elimination could push more customers toward credit cards, increasing processing fees that cut into profits. Currently, about 30% of his customers use cash.
&#8220;If everybody&#8217;s using cards, that cost gets passed on to customers,&#8221; Dairen said.
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Price rounding also concerns some merchants. Sergio Briones, a Texas convenience store owner with 70% cash transactions, worries about effects on low-income customers. &#8220;Our profit margins are already razor-thin,&#8221; he told The Journal, noting that rounding a $0.96 item to a dollar could hurt his shoppers.
Canada&#8217;s 2012 penny elimination offers a potential model. The government stopped producing pennies when costs reached $0.016 cents each, implementing a system where cash transactions round to the nearest nickel.&nbsp;
Following similar moves in Australia and New Zealand&#8217;s in the 1990s, Canada reported no significant inflation impact.
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While Congress authorizes coin production, economist Robert Whaples of Wake Forest University suggests Trump may have authority to pause minting, The Journal reported. &#8220;Trump&#8217;s move doesn&#8217;t claim to permanently eliminate the penny, which would clearly be Congress&#8217;s decision. Rather, it halts minting new pennies, and the decision about how many pennies to produce each year seems to be within the executive branch&#8217;s power," he said.
One potential drawback; increased nickel usage. The $0.05 coin cost nearly $0.14 cents to produce last year, potentially creating new cost inefficiencies.
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Trump's Plan To Ditch Pennies — Pros & Cons For Businesses and Customers

Website listings and data company <a href="https://www.benzinga.com/real-estate/24/12/42462666/plan-and-budget-for-the-mid-6-range-what-homebuyers-can-expect-in-2025-according-to-realtor-com">Realtor.com</a> is the latest high-profile Californian-based company to relocate to Texas. In moving from Santa Clara to <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">Austin</a>, alarm bells sounded in Silicon Valley as it lost another high-profile tech business to the Lone Star state.
&#8220;With the move, the company has made Austin its top hiring location and has committed to the long-term growth of its team and office footprint in Texas,&#8221; Realtor.com <a href="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2024/q4/us-reports/office/austin_americas_marketbeat_office_q42024.pdf?rev=f81f4e5596c0434ea30b73c9c4a80aa6">announced</a> on Feb. 6, adding that the area&#8217;s affordable cost of living, &#8220;aspirational lifestyle,&#8221; and &#8220;expansive tech and academic communities&#8221; make it an ideal home base.
Realtor.com is a unit of News Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>, NWSA)).
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<h2 class="wp-block-heading">Affordability And Lifestyle</h2>
In conjunction with the move, and in a blow to Californian prestige, Realtor.com said: &#8220;Austin and Texas offer a strong and growing talent pool, a powerhouse economy with unparalleled housing growth, affordability of living only matched by its aspirational lifestyle, expansive tech, and academic communities, and a dynamic and vibrant city at the heart of the thriving state of Texas. There is no better place for us to call home.&#8221;
It continued: &#8220;Over the coming years, we are committed to growing our presence by hiring great local talent and by bringing new recruits to Texas. Basing Realtor.com in Texas puts our company at the heart of innovation and inspiration at a moment of national economic renaissance for America. We are proud to be housed in a state which understands the crucial role played by business in providing opportunities for personal growth, professional success and community achievement. Our investment in Austin is a downpayment on The American Dream.&#8221;
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Realtor.com's announcement<a href="https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c"> </a>echoed oil major Chevron's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) last year that it would move to Texas from California. The company is now based in Dallas.
&#8220;We believe California has a number of policies that raise costs, that hurt consumers, that discourage investment, and ultimately, we think that&#8217;s not good for the economy in California and for consumers,&#8221; Chevron CEO Mike Wirth <a href="https://www.wsj.com/business/energy-oil/chevron-to-leave-california-for-texas-as-regulations-mount-in-golden-state-d58e170c">told The Wall Street Journal</a> in August.
<h2 class="wp-block-heading">A Deluge Of Companies Leaving California For Texas</h2>
<a href="http://realtor.com/">Realtor.com</a> joins a deluge of companies that have traded the Golden State for the Lone Star State. These include Chevron, SpaceX, X, Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , and <a href="https://www.benzinga.com/insights/options/25/02/43597329/unpacking-the-latest-options-trading-trends-in-charles-schwab">Charles Schwab</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NASDAQ">SCHW</a>).&nbsp;
Recently, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg moved trust and safety workers to Texas and is reportedly exploring <a href="https://www.wsj.com/tech/meta-incorporation-texas-delware-f06e8bab">moving the social-media giant&#8217;s legal residence</a> to the state. Smaller but high-profile companies, such as TV chef<a href="https://www.businessinsider.com/gordon-ramsay-moves-restaurant-hq-california-texas-2021-12"> Gordon Ramsay&#8217;s restaurant business</a> also made headlines by moving to Texas from California.
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<a href="https://www.concordia.edu/blog/19-corporations-and-businesses-fleeing-california-for-texas.html">Other large companies</a>, including CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>), Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>), Hewlett Packard Enterprise (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>), Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and Pabst Brewing Company, have moved to Texas in recent years, according to Concordia University.
<h2 class="wp-block-heading">Population Surge</h2>
Aside from differing politics, many companies cite the cost of living, affordable land, and lack of state income taxes as drivers for the move. Texas&#8217;s population increased by 1.6% in the year to July 2022, <a href="https://www.newsweek.com/why-americans-are-fleeing-democratic-states-1795292">Newsweek reported</a>, citing Census Bureau data. Over the same period, California decreased by 0.3% and New York by 0.9%.&nbsp;
<a href="https://www.bloomberg.com/news/articles/2025-02-06/realtor-com-leaves-california-to-set-up-headquarters-in-texas">Bloomberg reported</a> that Realtor.com has around 60,000 square feet in its Austin headquarters, and some workers who used to be based out of Santa Clara have been instructed to work remotely. However, according to commercial real estate brokerage <a href="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/marketbeat-pdfs/2024/q4/us-reports/office/austin_americas_marketbeat_office_q42024.pdf?rev=f81f4e5596c0434ea30b73c9c4a80aa6">Cushman &amp;&nbsp; Wakefield</a>, Austin&#8217;s construction boom has resulted in office vacancies of nearly 30%.
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Realtor.com Leaves California To Set Up Base In Texas —  It's Just One Of Many Companies Leaving The West Coast

On Friday,&nbsp;Cathie Wood-led&nbsp;Ark Invest&nbsp;made significant trades involving stocks such as&nbsp;Iridium Communications Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>),&nbsp;Twist Bioscience Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWST#NASDAQ">TWST</a>),&nbsp;PagerDuty Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>),&nbsp;Beam Therapeutics Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>),&nbsp;Roku Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), and&nbsp;Ibotta Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NASDAQ">IBTA</a>).
The IRDM Trade
Ark Invest, through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), bought 86,666 shares of Iridium Communications.
The closing price of IRDM on Friday was $31.63, making the total value of this trade approximately $2.74 million. This move comes amidst a slight decline in IRDM&#8217;s stock price, with a 1.13% change on Friday.
The TWST Trade
Ark Invest also purchased 36,806 shares of Twist Bioscience Corp through ARKK.
With a closing price of $47.59, the total value of this trade amounts to approximately $1.75 million. TWST's stock price surged by more than 1.5% on Friday.
The PD Trade
Ark Invest bought 35,546 shares of PagerDuty Inc through ARKK and an additional 10,215 shares through its ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).
With PD&#8217;s closing price on Friday at $19.3, the total value of this trade is approximately $882,000.
Other Key Trades:
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<li>Ark Invest bought 24,250 shares of Ibotta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTA#NASDAQ">IBTA</a>) through its ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>).</li>
<li>Ark Invest bought 1,916 shares of Beam Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEAM#NASDAQ">BEAM</a>) through its ARK Genomic Revolution ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#NYSE">ARKG</a>) and ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>).</li>
<li>Ark Invest sold 46,810 shares of Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) through its ARKK and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).</li>
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These trades reflect Ark Invest&#8217;s strategic decisions in the face of the dynamic tech sector&#8217;s performance.
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Image via Ark Invest

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Cathie Wood's Ark Invest Loads Up On Iridium, Twist Bioscience, Offloads Roku: Here Are Key Ark Trades This Friday

A&nbsp;rare business card signed by late Apple Inc. co-founder&nbsp;Steve Jobs&nbsp;is drawing significant attention at an ongoing auction.
What Happened: This unique piece of memorabilia, dating back to 1983, features Jobs&#8217;s signature alongside the iconic Apple rainbow logo.
The auction house RR Auction has authenticated the card, despite some minor imperfections.
Known for his selective nature regarding signing memorabilia, Jobs&#8217;s autographed items are highly coveted among collectors. Out of 15&nbsp;Jobs business cards auctioned so far by the firm, only four are from this era, with just one bearing his signature.
The <a href="https://www.rrauction.com/auctions/lot-detail/349802907124030-steve-jobs-signed-apple-business-card-c-1983-psa-gem-mt-10/">auction</a>, which is set to conclude on Feb. 20, has already seen bids for the card soar to $75,000, with the next bid anticipated at $82,500.
In addition to the Jobs card, RR Auction is also offering&nbsp;a replica SpaceX helmet signed&nbsp;by&nbsp;Elon Musk, currently bid at $2,338. Both items are generating considerable interest from collectors and enthusiasts.
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 Matters: The auction of this rare Jobs-signed business card underscores the <a href="https://www.benzinga.com/news/24/10/41196932/legendary-apple-co-founder-steve-jobs-once-said-being-the-richest-man-in-the-cemetery-doesnt-matter">enduring legacy</a> of the late Apple co-founder.
Jobs&#8217;s influence on technology and culture remains significant, even over a decade after his passing.
Jobs&#8217;s meticulous nature and quest for perfection were evident in both his professional and personal life.
His <a href="https://www.benzinga.com/news/25/02/43713534/steve-jobs-feared-his-porsche-911-would-display-his-wealth-and-cost-him-a-20-million-deal-so-he-scrambled-to-hide-it-from-ross-perot">love for the Porsche 911</a>, for instance, was legendary, as he would swap his car every six months to avoid having a license plate.
This attention to detail extended to his business endeavors, such as when he scrambled to hide his wealth from potential investor&nbsp;<a href="https://www.benzinga.com/news/25/02/43713534/steve-jobs-feared-his-porsche-911-would-display-his-wealth-and-cost-him-a-20-million-deal-so-he-scrambled-to-hide-it-from-ross-perot">Ross Perot</a>&nbsp;during a crucial meeting for his company NeXT.
Furthermore, Jobs&#8217;s approach to building successful teams <a href="https://www.benzinga.com/news/24/07/39833269/apple-co-founder-steve-jobs-drew-inspiration-from-beatles-on-building-great-teams-they-were-four-ver">was inspired</a> by the dynamics of The Beatles, emphasizing how synergy among talented individuals can lead to groundbreaking results. This philosophy was central to his leadership style and contributed to the innovative culture at Apple.
Check out more of Benzinga&#8217;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: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Steve Jobs-Signed Rare Apple Business Card Goes Up For Auction, Bids Touch $75,000

Cryptocurrency analyst&nbsp;Michaël van de Poppe&nbsp;has shared insights on potential trajectories&nbsp;for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and altcoins&nbsp;in the coming months.
What Happened: Van de Poppe suggests two scenarios: one where Bitcoin peaks in late 2025 and altcoins surge in early 2026, following the typical four-year cycle influenced by Bitcoin halving events.
The second scenario, according to Van de Poppe, involves even larger rallies for cryptocurrencies, driven by rising equity prices and policies from&nbsp;President Donald Trump.
"The S&amp;P is going to copy-paste the last four years of the dotcom bubble with four years of 20% returns or more which is a very rare case and which is basically designing the entire bubble that was happening in the dotcom bubble and might be the case again with AI and blockchain," he explained.
He predicts that the S&amp;P index could mimic the dotcom bubble&#8217;s returns, potentially leading Bitcoin to reach $1 million and altcoins to experience extreme valuations.
"If the S&amp;P is going to do that, Bitcoin is going to be the beta play on top of that where Trump is going to fuel that entire run where Bitcoin goes to a $1 million and altcoins can go completely wild with irrational valuations."
Van de Poppe warns of a significant market correction following these events, suggesting a shift in macroeconomic conditions.
He emphasizes that this cycle might have started late for altcoins, marking&nbsp;the longest bear market in&nbsp;their history.
Why It Matters: On Friday, Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), XRP ((CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) posted gains, indicating strong market activity.
A&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43746357/bitcoin-ethereum-xrp-dogecoin-rally-trader-predicts-weekend-pullback-before-push-to-103000">recent report</a>&nbsp;highlighted predictions of a weekend pullback before a potential push to $103,000 for Bitcoin.
Additionally, there is growing speculation around the approval of a Dogecoin ETF in 2025. Betting markets, as per&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43742669/a-dogecoin-etf-approval-in-2025-is-becoming-increasingly-likely-polymarket-traders-speculate">Polymarket data</a>, show a 74% chance of approval by the end of 2025, reflecting increased optimism since President Trump&#8217;s inauguration.
Moreover,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43723429/arthur-hayes-says-trump-coin-will-lead-bitcoin-if-market-sentiment-turns-favorable-calls-memecoin-purest-and-most-honest-popularity-metric">Arthur Hayes</a>, co-founder of BitMEX, has suggested that a positive shift in market sentiment could propel the Trump coin ahead of Bitcoin.
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<li><a href="https://www.benzinga.com/tech/25/02/43578110/while-elon-musk-has-been-at-the-center-of-trumps-presidency-in-the-first-three-weeks-data-shows-his-rivals-jeff-bezos-mark-zuckerberg-and-others-benefited-more-since-the-inauguration-here" target="_blank" rel="noreferrer noopener">While Elon Musk Has Been At The Center Of Trump's Presidency In The First Three Weeks, Data Shows His Rivals Jeff Bezos, Mark Zuckerberg And Others Benefited More Since The Inauguration: Here's More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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

Cryptocurrency

Politics

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$XRP

Bitcoin, Altcoin Set To Rise With 'Irrational Valuations,' According To Crypto Analyst, But A 'Big' Crisis Looms Afterwards

Morgan Stanley's chief investment officer Mike Wilson has suggested that the Department of Government Efficiency (DOGE), led by Elon Musk, could play a pivotal role in revitalizing the US economy. This comes amid ongoing discussions about government spending and economic growth.
What Happened: Wilson said in a CNBC interview that the bank&#8217;s optimistic outlook involves a reduction in government size, which could lead to increased unemployment and prompt the Federal Reserve to lower interest rates.
Wilson noted that DOGE has already pinpointed tens of billions in government waste.
He believes that achieving a balanced federal budget could spur market growth in 2025, similar to the economic boost following President Clinton&#8217;s 1994 budget cuts.
&#8220;Probably the most underestimated part&nbsp;of the administration is DOGE.&nbsp;I think there's a lot&nbsp;of skepticism on this, but&nbsp;the reality is that's&nbsp;possibly the most bullish thing&nbsp;that could happen," he said.
He stressed that while specific budget cuts aren&#8217;t necessary, slowing expenditure growth is vital. The U.S. national debt stands at $36.2 trillion, having risen by&nbsp;nearly $2.1 trillion in the&nbsp;past year.
&#8220;We&nbsp;just need to freeze spending,&nbsp;we don't really need to&nbsp;cut a lot of spending," Wilson added.
Why It Matters: The&nbsp;<a href="https://www.benzinga.com/25/02/43585332/trump-orders-scott-bessent-to-rip-the-waste-out-ends-penny-production-after-elon-musks-doge-report">recent decision</a>&nbsp;by President Donald Trump to halt penny production reflects DOGE&#8217;s influence on fiscal policies. This move followed Musk&#8217;s department highlighting the inefficiency of penny production, which cost taxpayers $179 million in 2023.
Moreover,&nbsp;<a href="https://www.benzinga.com/news/25/02/43426165/elon-musks-daily-4-billion-doge-target-will-lead-to-30-cut-in-federal-spending-says-economist-jason-furman">Elon Musk&#8217;s ambitious target</a>&nbsp;to cut federal spending by $4 billion daily by 2026 could lead to a 30% reduction in government spending, excluding interest and Social Security benefits.
This initiative involves notable Silicon Valley figures, including Andreessen Horowitz co-founder Marc Andreessen and Uber Technologies Inc. co-founder Travis Kalanick.
Additionally, Musk has advocated for&nbsp;<a href="https://www.benzinga.com/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">implementing blockchain technology</a>&nbsp;within the Treasury Department to address payment irregularities, underscoring his commitment to efficiency and transparency.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Economics

Elon Musk's DOGE Likely Most 'Underestimated' Part Of Trump Administration, Says Morgan Stanley's CIO: 'Most Bullish Thing' That Could Happen To US Economy

Bill Gates, co-founder of&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), expressed regret over&nbsp;leaving Harvard University to start&nbsp;the tech giant.
What Happened:&nbsp;Gates, who was a Harvard undergraduate at the time, struggled&nbsp;with the decision to leave&nbsp;school despite having a great time there, according <a href="https://www.cnbc.com/2025/02/14/bill-gates-i-regretted-leaving-harvard-university-to-start-microsoft.html">to</a> a CNBC report.
The urgency to leave came after his high school friend,&nbsp;Paul Allen, showed him a magazine featuring the Altair 8800, which they believed marked the beginning of a new industry.
"The panic about, ‘God, it's happening without us,' was when Popular Electronics had the kit computer [on its cover]. Little did we know, [MITS] basically hadn't assembled any of them," said Gates.
Gates attempted to manage Microsoft from afar while still attending Harvard but ultimately realized the need for his full attention on the company.
He even tried to have early Microsoft programmer Ric Weiland "take charge," but Weiland eventually left for graduate school.
Gates never completed his degree, serving as Microsoft&#8217;s CEO until 2000. Despite the success, Gates does not recommend dropping out of college, emphasizing the importance of a broad education.
Today, Microsoft is valued at over $3 trillion, having revolutionized the computer industry. Gates reflects on the pivotal moment that led to Microsoft&#8217;s creation and the challenges of balancing education with entrepreneurial ambitions.
Why It Matters: Gates&#8217; reflections on his early days at Microsoft provide insight into the tech industry&#8217;s evolution and the challenges faced by its pioneers.
His decision to leave Harvard was influenced by the potential he saw in the emerging computer industry, a vision shared with&nbsp;Paul Allen.
This pivotal moment not only shaped Gates&#8217; career but also set the stage for Microsoft&#8217;s impact on the tech world.
In recent interviews, Gates has <a href="https://www.benzinga.com/tech/25/02/43680696/bill-gates-has-a-soft-spot-for-intel-but-says-the-chip-giant-has-lost-its-way-questions-whether-the-company-can-recover-after-ceo-exit-and-falling-behind-in-ai">shared his thoughts</a> on other industry giants. He expressed disappointment in Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) decline, noting the company&#8217;s struggles to keep up with advancements in chip design and manufacturing.
Gates also shared his <a href="https://www.benzinga.com/25/02/43589437/bill-gates-on-musk-and-bezos-space-obsession-im-not-a-big-mars-person-its-not-a-very-hospitable-place">views on space exploration</a>, stating he would rather focus on addressing Earth&#8217;s challenges than colonizing Mars, unlike&nbsp;Elon Musk&nbsp;and&nbsp;Jeff Bezos.
Furthermore, Gates <a href="https://www.benzinga.com/tech/25/02/43577868/bill-gates-says-steve-jobs-once-told-him-i-wish-youd-take-acid-that-would-enhance-microsofts-product-design-more-i-envy-those-skills-im-not-in-his-league">recounted an anecdote</a> involving Apple Inc. co-founder&nbsp;Steve Jobs, who once suggested that experimenting with hallucinogens might enhance Microsoft&#8217;s product design.
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: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Bill Gates Wanted A Friend To 'Take Charge' Of Microsoft Due To Regret Over Leaving Harvard, But Here's Why He Panicked And Dropped Out

Activist investor Dan Loeb‘s Third Point LLC has significantly ramped up its stakes in Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), Elon Musk&#8217;s Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Mark Zuckerberg&#8217;s Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) during the final quarter of 2024.
What Happened: According to recent 13F filings, Third Point acquired&nbsp;nearly $91 million worth of&nbsp;Flutter shares, marking a 70% surge in its position. This strategic move positioned the sports betting stock as the fund&#8217;s 10th largest holding, valued at nearly $225 million, as per InsiderScore data.
The investment in Flutter paid off for Loeb, with the company&#8217;s shares witnessing a near 9% rise&nbsp;in the fourth quarter. The&nbsp;stock has maintained its positive momentum in 2025, ending Friday&#8217;s session at a record high with a 15% increase.
See Also: <a href="https://www.benzinga.com/markets/25/02/43753772/jeff-bezos-backed-anthropic-fights-us-proposal-blocking-google-from-investing-in-ai-startups-says-it-would-benefit-rivals-openai-mark-zuckerbergs-meta">Jeff Bezos-Backed Anthropic Fights US Proposal Blocking Google From Investing In AI Startups, Says It Would Benefit Rivals OpenAI, Mark Zuckerberg&#8217;s Meta</a>
Loeb also bolstered his stake in Zuckerberg&#8217;s Meta, the parent company of Facebook, by 22%. This augmentation, totaling over $70.4 million, elevated the total investment to more than $389 million. Meta now stands as&nbsp;the fourth largest holding in&nbsp;Third Point&#8217;s portfolio and is the only one among the top five to experience net buying during the quarter.
This marks a significant turnaround for Loeb, who had previously&nbsp;slashed his Meta holding by&nbsp;over 50% in&nbsp;the third quarter of 2024. Meta concluded the fourth quarter with a slight increase of&nbsp;over 2%, marking its eighth&nbsp;consecutive winning quarter. The tech behemoth has soared&nbsp;nearly 23% so far this year.
However, not all tech stocks were favored by Third Point in the last quarter of 2024. The hedge fund trimmed its stake in Microsoft by 31% and in&nbsp;Amazon&nbsp;by nearly 7%. It also sold its entire stake in Apple. MSFT closed 1% higher in the final quarter of 2024 but is down over 2% year-to-date. Meanwhile, AMZN surged 23% last quarter and has gained nearly 4% so far in 2025.
Dan Loeb‘s Mag 7 Holdings 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Stocks</td>
<td>Buy/Sold</td>
<td>Change %</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>-930,000&nbsp;</td>
<td>100%</td>
</tr>
<tr>
<td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>+120,000&nbsp;</td>
<td>22%</td>
</tr>
<tr>
<td>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td>+100,000</td>
<td>25%</td>
</tr>
<tr>
<td>Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td>
<td>-250,000</td>
<td>7%</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>-270,000</td>
<td>31%</td>
</tr>
</tbody>
</table>
</figure>
Why It Matters: The&nbsp;billionaire investor has&nbsp;expressed optimism for&nbsp;a more favorable stock investing&nbsp;environment by 2025, despite the unconventional policy-making approach of the Trump administration, reported Reuters. 
Loeb anticipates a surge in M&amp;A activity this year as regulatory and government hurdles ease, prompting banks to offload more consumer and mortgage portfolios. Third Point aims to capitalize on these opportunities, focusing on high single-digit unlevered yields.
Loeb&#8217;s hedge fund, Third Point, has begun reaping the benefits of this forecast, with its flagship TP offshore fund experiencing a 2.7% increase as of February. 12, following a 25.5% surge last year, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
Third Point, known for its diverse strategies including stock picking, activist campaigns, and credit investments, is one of the most closely watched hedge funds on Wall Street.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

General

FLUT

Billionaire Investor Dan Loeb Boosts Stake In Mark Zuckerberg's Meta, Elon Musk's Tesla, But Sold These Three Mag 7 Stocks In Q4

OpenAI on Friday turned down a substantial offer from Elon Musk and his consortium of investors to <a href="https://www.benzinga.com/media/25/02/43646042/elon-musks-97-4-billion-openai-takeover-bid-reportedly-not-received-by-chatgpt-parent-another-one-of-his-tactics-says-sam-altman">acquire the company&#8217;s assets</a>.
What Happened: The board of OpenAI, a leading artificial intelligence company, has rejected a $97.4 billion bid from Musk and his investors, <a href="https://www.wsj.com/tech/ai/openai-elon-musk-bid-rejected-sam-altman-62ba1ca5">reported</a> the Wall Street Journal. The decision was communicated to Musk&#8217;s lawyer in a letter, which stated that the offer was not in the best interests of OpenAI&#8217;s mission.
OpenAI&#8217;s chairman,&nbsp;Bret Taylor, emphasized that the company is not for sale and the board unanimously turned down Musk&#8217;s&nbsp;offer.
On Monday, Musk and his investors submitted an unexpected buyout proposal to OpenAI's board. However, in a court filing Wednesday, his legal team stated that Musk would drop the takeover bid if OpenAI agreed to halt its transition to a for-profit model.
See Also:&nbsp;<a href="https://www.benzinga.com/news/global/25/02/43748007/inflation-spikes-in-january-wall-street-rallies-on-ukraine-peace-talks-delayed-tariffs-this-week-in-the-markets" target="_blank" rel="noreferrer noopener">Inflation Spikes In January, Wall Street Rallies On Ukraine Peace Talks, Delayed Tariffs: This Week In The Markets</a>
The board rejected Musk&#8217;s offer to withdraw his bid under certain conditions, arguing that it was not a legitimate proposal. Meanwhile, Musk&#8217;s attorney, Marc Toberoff, criticized the board&#8217;s actions, calling it a &#8220;classic self-dealing transaction.&#8221;
Why It Matters: Musk&#8217;s bid to acquire OpenAI has been a topic of intense speculation. This decision is the latest development in <a href="https://www.benzinga.com/25/02/43609104/elon-musk-co-founded-openai-now-hes-bidding-974b-to-take-back-the-company">Musk&#8217;s ongoing dispute</a> with OpenAI and its CEO,&nbsp;Sam Altman. Musk, who co-founded OpenAI in 2015, has accused the company of prioritizing profit over the technology&#8217;s benefits to humanity.
OpenAI is undergoing a structural transition that requires approval from its board of directors and the attorneys general of Delaware and California. The board maintains that Musk's bid is irrelevant to assessing the nonprofit's fair value.
The bid was seen by Sam Altman, the OpenAI CEO, as a move to&nbsp;&#8220;<a href="https://in.benzinga.com/markets/equities/25/02/43622400/sam-altman-says-elon-musks-97b-bid-for-openai-is-a-move-to-slow-down-a-competitor">slow down&#8221; a competitor</a>. In an interview with&nbsp;CNBC&nbsp;on Tuesday, he dismissed the notion that Musk was genuinely interested in acquiring OpenAI.
Meanwhile, Musk&#8217;s bid for OpenAI was also viewed as a&nbsp;<a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/02/43653531/elon-musks-97b-openai-bid-a-distraction-from-teslas-challenges-says-analyst-as-tsla-stock-set-for-sixth-consecutive-drop">distraction from Tesla&#8217;s challenges</a>. Analysts at&nbsp;Oppenheimer&nbsp;said Musk's bid for OpenAI is a discount to the AI company's Oct. 2024 capital raise and unlikely to lead to any discussion. 
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Shutterstock

OpenAI Board Unanimously Rejects Elon Musk's $97 Billion Acquisition Proposal Days After Sam Altman Calls It A Move To 'Slow Down' A Competitor

President Donald Trump hinted at the possibility of imposing tariffs on automobiles, continuing his <a href="https://www.benzinga.com/startups/25/02/43729940/trumps-tariffs-could-raise-taxes-by-1-trillion-kevin-oleary-calls-it-the-beginning-of-a-negotiation">aggressive trade policy</a>.
What Happened: Trump, during an executive order signing session on Friday, suggested that auto tariffs could be implemented as early as April 2,&nbsp;reported&nbsp;Reuters.
&#8220;I would have done them on April 1&#8230; But we&#8217;re going to do it on April 2.&#8221;
 This announcement follows a series of trade actions since his second term began on Jan. 20, including tariffs on all Chinese imports, delayed tariffs on Mexican and Canadian goods, and the initiation of <a href="https://www.benzinga.com/markets/equities/25/02/43583123/trump-to-announce-25-steel-and-aluminum-tariffs-economist-warns-president-is-making-us-manufacturing-globally-uncompetitive">tariffs on imported steel and aluminum.</a>
Ford Motor Chief Executive Jim Farley took to X after Trump&#8217;s remarks, saying, &#8220;We applaud President Trump&#8217;s idea to look at all vehicle imports to the U.S., an important step forward.&#8221; 
 &#8220;Comprehensive trade policies are imperative to achieving the president&#8217;s vision to strengthen the U.S. auto industry.&#8221;
Although Farley previously criticized steel and aluminum tariffs, saying it has added &#8220;a lot of costs and a lot of chaos,&#8221; and if prolonged, they could wipe out billions of dollars in industry profits.
See Also: <a href="https://www.benzinga.com/markets/25/02/43753772/jeff-bezos-backed-anthropic-fights-us-proposal-blocking-google-from-investing-in-ai-startups-says-it-would-benefit-rivals-openai-mark-zuckerbergs-meta">Jeff Bezos-Backed Anthropic Fights US Proposal Blocking Google From Investing In AI Startups, Says It Would Benefit Rivals OpenAI, Mark Zuckerberg&#8217;s Meta</a>
Why It Matters: Trump&#8217;s tariff measures aim to boost the competitiveness of American goods in global markets. However, they have sparked uncertainty among businesses, strained relationships with key U.S. allies, and fueled worries about rising inflation.
These tariffs have been a subject of concern for several industry leaders and politicians. Senate Minority Leader&nbsp;Mitch McConnell&nbsp;(R-Ky.) recently&nbsp;<a href="https://www.benzinga.com/markets/25/02/43686104/mitch-mcconnell-criticizes-trumps-tariff-plans-warns-of-potential-price-hike-big-lingering-concerns-for-american-industry-and-workers">voiced his apprehensions</a>&nbsp;about the potential price hikes and trade wars that could result from Trump&#8217;s aggressive tariff proposals.
These concerns are particularly relevant given the current state of the automotive industry. Automakers, including&nbsp;Ford&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and&nbsp;General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), have been&nbsp;<a href="https://www.benzinga.com/tech/25/02/43524700/ford-ceo-jim-farley-says-trumps-proposed-tariffs-on-mexico-canada-will-be-manageable-in-near-term-but-will-have-huge-impact-if-protracted">facing significant uncertainty</a>&nbsp;due to the proposed tariffs on imports from Mexico and Canada. 
Last month, Trump also canceled the electric vehicle (EV) tax credits. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rivals, including General Motors and Ford, have been <a href="https://in.benzinga.com/markets/25/02/43648415/tesla-rivals-call-for-gradual-elimination-of-ev-tax-credits-many-of-those-jobs-will-be-at-risk">advocating for a gradual phase-out</a> of these incentives to mitigate the potential impact on jobs and the industry as a whole.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Tesla and Shutterstock

Tesla, Ford, GM In Focus: After Tariffs On China, Mexico, And Canada, Trump Now Eyes Auto Industry For Next Move

Mark Zuckerberg could be following Elon Musk's footsteps, as Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;is reportedly planning a significant investment&nbsp;into AI-powered <a href="https://www.benzinga.com/topic/humanoid-robots">humanoid robots</a>.
What Happened: Meta is forming a new team&nbsp;within its Reality Labs hardware&nbsp;division to spearhead this initiative, according <a href="https://www.bloomberg.com/news/articles/2025-02-14/meta-plans-major-investment-into-ai-powered-humanoid-robots">to</a>&nbsp;Bloomberg.
The tech giant plans to develop&nbsp;its own humanoid robot hardware,&nbsp;initially focusing on household tasks. The broader aim is to create AI, sensors,&nbsp;and software for robots that&nbsp;other companies will manufacture and sell.
Meta has started discussions with robotics firms like&nbsp;Unitree Robotics and Figure AI&nbsp;Inc.
While the company does not plan to produce a Meta-branded robot initially, it may consider this in the future. The effort aligns with similar projects by other tech leaders, including&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Alphabet Inc.'s&nbsp;(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>) Google.
Marc Whitten, who recently resigned as CEO of&nbsp;General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)&#8217;s Cruise division, will lead the new team, according to the report.
Meta&#8217;s chief technology officer, Andrew Bosworth, highlighted the company&#8217;s existing advancements in AI and Reality Labs as complementary to this new venture.
Meta&#8217;s goal is to establish a foundation for the robotics market, akin to what Google&#8217;s Android and Qualcomm&#8217;s chips achieved for the smartphone industry. The company plans to invest $65 billion this year in related products, including AI&nbsp;infrastructure and the new robotics initiative.
Why It Matters: The move by Meta into humanoid robots is part of a broader trend among tech giants exploring robotics.
Apple is <a href="https://benzinga.com/markets/25/02/43692026/apples-next-big-bet-tim-cook-led-company-is-exploring-humanoid-as-well-as-non-humanoid-robots-for-smart-home-future-says-top-analyst">reportedly</a> exploring both humanoid and non-humanoid robots for its smart home ecosystem. According to analyst Ming-Chi Kuo, Apple is prioritizing sensing hardware and software for these potential products.
Meanwhile, Musk-led Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has <a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">announced plans</a> to produce thousands of its Optimus humanoid robots for use in Tesla factories. Musk anticipates that Optimus could generate revenue exceeding $10 trillion in the long term.
The competition in the robotics field is intensifying, with companies like Apple <a href="https://www.benzinga.com/media/25/02/43583398/top-analyst-says-apple-has-ramped-up-hiring-for-home-robotics-team">ramping up hiring</a> for their home robotics teams. This surge in interest underscores the potential impact of robotics on various industries, from household tasks to manufacturing.
Check out more of Benzinga&#8217;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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<li><a href="https://www.benzinga.com/tech/25/02/43578110/while-elon-musk-has-been-at-the-center-of-trumps-presidency-in-the-first-three-weeks-data-shows-his-rivals-jeff-bezos-mark-zuckerberg-and-others-benefited-more-since-the-inauguration-here">While Elon Musk Has Been At The Center Of Trump&#8217;s Presidency In The First Three Weeks, Data Shows His Rivals Jeff Bezos, Mark Zuckerberg And Others Benefited More Since The Inauguration: Here&#8217;s More</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

GOOG

GOOGL

Mark Zuckerberg Follows Elon Musk's Footsteps As Meta Reportedly Plans Major Investment Into AI-Powered Humanoid Robots

Retirement planning has become a breeding ground for fearmongering. Financial experts and news headlines often leave you convinced you'll need a dragon's hoard of gold to survive your golden years. But let's take a breath – what if you <a href="https://www.benzinga.com/personal-finance/24/11/42018132/can-you-guess-what-percent-of-people-have-1-million-saved-spoiler-alert-its-far-lower-than-most-statistics-lead-you-to-believe">actually have $1 million saved</a> by the time you hit 65? Are you doomed to rationing instant ramen or is that number better than they're letting on? Spoiler: You're probably better off than you think.
Here's the real breakdown of how long that $1 million could stretch – and some practical tips to make it last even longer.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
How Far Can $1 Million Take You?
The simple answer? It depends. However, using some averages, $1 million could last 18-30 years. Here's the math:
Average Annual Expenses: According to the Bureau of Labor Statistics (BLS), households led by someone 65 or older spent around $60,087 per year in 2023.
Social Security to the Rescue: The average Social Security benefit as of 2024 is $1,907 per month or $22,884 per year. That means Social Security will cover about a third of your annual expenses.
Net Draw from Savings: Subtracting Social Security, your retirement fund needs to cover about $37,203 annually.
Years of Cushion: Divide $1 million by $37,203 and you've got nearly 27 years of living expenses or 26.88 to be exact.
If you control your spending and account for investment growth (hello, <a href="https://www.benzinga.com/personal-finance/24/05/38618728/suze-orman-calls-the-4-retirement-rule-very-dangerous-in-todays-challenging-economic-climate">4% rule</a>), your savings could even stretch to 30+ years.
See Also: <a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a>&nbsp;
What Could Shorten (or Stretch) Your Nest Egg?
The longevity of $1 million depends on key variables:
• Where You Live: Retiring in a high-cost state like California might burn through your funds faster than a <a href="https://www.benzinga.com/personal-finance/24/07/39616687/the-surprising-retirement-hotspots-growing-fastest-in-america-none-in-florida-but-even-hotter">budget-friendly haven</a> like Mississippi.
• Health care Costs: Healthcare expenses for a retired couple average $315,000 over retirement, according to Fidelity. That's not pocket change.
• Inflation: Even modest inflation can erode purchasing power over time. That $60,000 budget today? It might feel like $80,000 in 15 years.
• Spending Habits: Are you splurging on cruises every year or enjoying simpler pleasures like gardening and book clubs?
Trending: The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a>
Strategies to Stretch $1 Million Further
1. Delay Social Security: If you <a href="https://www.benzinga.com/personal-finance/24/04/38439971/should-you-begin-collecting-social-security-at-62-67-or-70-the-right-answer-may-depend-on-your-b">wait until age 70 to claim</a>, your monthly benefit could increase by up to 32%, which is thousands more annually.
2. Retire in a Cheaper Location: Consider downsizing or relocating to a state or country with a lower cost of living.
3. Stick to the 4% Rule: This guideline suggests withdrawing 4% of your savings annually (adjusted for inflation) to make your money last 30+ years.
4. Budget Like a Pro: Track your spending and cut unnecessary expenses. Small tweaks – like reducing dining out – can make a big difference over time.
5. Plan for Healthcare: Consider long-term care insurance or health savings accounts (HSAs) to offset hefty medical bills.
Trending: 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>
Live Your Dream Retirement
While $1 million might not buy you a yacht and a mansion, it can fund a comfortable, fulfilling retirement – especially with a little planning and a lot of common sense. Your retirement years aren't about <a href="https://www.benzinga.com/personal-finance/25/01/43011673/dave-ramsey-says-stop-trying-to-keep-up-with-the-joneses-theyre-broke-warns-people-are-fake-rich-average-household-debt-is-175075">outspending the Joneses</a> but about living life on your terms.
The key is to prepare. With smart financial choices, a dash of frugality and an honest look at your needs, $1 million could take you further than you ever imagined. <a href="https://www.benzinga.com/money/are-you-rich">Consulting a financial advisor</a> can also help you maximize what you've saved.&nbsp;
Retirement should be about enjoying yourself, not worrying about every dollar spent. So plan well and enjoy the ride. You've earned it.
Read Next:
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<li><a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a></li>
<li><a href="https://www.benzinga.com/money/planning-your-retirement-new-changes-to-social-security-in-2025-could-affect-you">Planning Your Retirement? New Changes To Social Security In 2025 Could Affect You</a></li>
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Personal Finance

Do You Know How Long $1 Million Will Last If You Retire At 65? Here's A Hint – Longer Than You're Led To Think!

The U.S. Internal Revenue Service&nbsp;(IRS) is reportedly on the verge of dismissing thousands of employees, a move that could significantly affect the agency&#8217;s operations during the crucial tax-filing season.
What Happened: The IRS is set to lay off a substantial number of workers, including probationary employees, in the coming days, Reuters reported, citing sources familiar with the matter.
The Office of Personnel Management, which supervises federal hiring, has instructed all agencies to terminate their probationary employees who are relatively new to their roles and do not have full job protections.
The exact number of layoffs at the IRS, which expanded to 100,000 employees under the previous administration, remains unconfirmed. This includes approximately 16,000 probationary workers. The cuts will primarily affect probationary employees who either declined a prior buyout offer or were not deemed essential for the ongoing tax season.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/02/43683937/teslas-400-million-armored-cybertruck-deal-under-fire-as-short-seller-jim-chanos-questions-elon-musks-doge-role-in-cutting-wasteful-government-spending" target="_blank" rel="noreferrer noopener">Tesla's $400 Million Armored Cybertruck Deal Under Fire As Short Seller Jim Chanos Questions Elon Musk's DOGE Role In Cutting ‘Wasteful Government Spending'</a>
&#8220;They are trying to reduce numbers across the board with no analysis to the impact it will have on operations,&#8221; a source told Reuters.
The IRS, currently managing the busy tax season, will remain occupied for months beyond the April 15 filing deadline, handling returns and issuing refunds. 
Why It Matters: The layoffs are part of a broader effort led by former President Donald Trump and Elon Musk&#8217;s Department Of Government Efficiency (DOGE) to <a href="https://in.benzinga.com/news/legal/25/02/43542558/trumps-push-to-reshape-federal-workforce-stalls-in-court">restructure the federal government</a>, which they claim has become overly bloated and inefficient.
This move comes in the wake of a series of significant developments in the U.S. federal workforce. Just days before the IRS layoffs were announced, a federal judge&nbsp;<a href="https://in.benzinga.com/markets/25/02/43579182/judge-blocks-trumps-bold-usaid-layoff-plan-saving-2200-workers-major-setback-for-america-first-agenda">blocked President Trump&#8217;s plan</a>&nbsp;to place 2,200 U.S. Agency for International Development employees on paid leave. This decision was seen as a major setback for Trump&#8217;s &#8216;America First&#8217; agenda.
Meanwhile, Sen. Mitch McConnell (R-Ky.) has also been vocal about his concerns over President Trump&#8217;s policies, <a href="https://in.benzinga.com/markets/25/02/43686104/mitch-mcconnell-criticizes-trumps-tariff-plans-warns-of-potential-price-hike-big-lingering-concerns-for-american-industry-and-workers">warning of potential price hikes</a> and expressing that Trump&#8217;s &#8220;aggressive proposals leave big, lingering concerns for American industry and workers.&#8221;
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Government

Short Sellers

IRS Reportedly Gears Up To Lay Off Thousands Of Workers Elon Musk's DOGE Looks To Shrink The Tax Agency

PANW MOVES OVER UP OVER 10 POINTS
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="790" height="636" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/14225636/Screen-Shot-2025-02-14-at-5.59.12-PM.png" alt="" class="wp-image-5919" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/14225636/Screen-Shot-2025-02-14-at-5.59.12-PM.png 790w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/14225636/Screen-Shot-2025-02-14-at-5.59.12-PM-300x242.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/14225636/Screen-Shot-2025-02-14-at-5.59.12-PM-768x618.png 768w" sizes="(max-width: 790px) 100vw, 790px" /></figure>
Palo Alto Networks, Inc. (PANW) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:04 AM on February 14th, a significant trading signal occurred for Palo Alto Networks, Inc. (PANW) as it demonstrated a Power Inflow at a price of $187.80. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in PANW&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in PANW&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for PANW, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts. 
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $191.08. The returns on the High price ($201.33) and Close price ($200) after the Power Inflow were respectively 5.3% and 4.6%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

Technicals

TRADEPULSE POWER INFLOW ALERT: PALO ALTO NETWORKS INC. (PANW) MOVES UP OVER 5% AT ITS HIGH AFTER TRADEPULSE ALERT

Expion360, VirTra, Solidion Technology among industrial movers

Shengfeng Development Limited Class A (SFWL) has released an update. Shengfeng Development Limited has announced its 2024 Annual General Meeting sc...

Shengfeng Development Limited Announces AGM

Orion Group, Evolv Technologies, Flux Power among industrial movers

Shengfeng Development Limited Class A (SFWL) has released an update. At Shengfeng Development Limited's Annual General Meeting in May 2024, shareho...

Shengfeng Development Reappoints Directors

Shengfeng Development Limited Class A (SFWL) has released an update. Shengfeng Development Limited's unaudited financial statements for the first h...

Shengfeng Reports Stable Mid-Year Financials

Shengfeng Development secures contract renewal with BYD

Shengfeng Development (SFWL) CEO Yongxu Liu, the largest beneficial shareholder of the company, has purchased 500,000 Class A ordinary shares of th...

Shengfeng Development CEO purchases 500K Class A shares in open market

Shengfeng Development CEO purchases 0.5M Class A shares in open market

Shengfeng Development (SFWL) announced that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls vi...

Shengfeng Development announces joint venture with Fujian Fulai Aviation

Shengfeng Development (SFWL) announced the completion of the Ningde Shengfeng Smart Logistics Center, a facility that will be primarily used to ser...

Shengfeng Development completes Ningde Shengfeng Smart Logistics Center

SATL

SFWL

SGBX

Press Releases

Shengfeng Development Limited Announces First Half of Fiscal Year 2024 Unaudited Financial Results

Commodities

Contracts

Shengfeng Development Limited Secures Contract Renewal with BYD

Shengfeng Development CEO Purchases 500,000 Class A Ordinary Shares in the Open Market

Shengfeng Development Limited Enters China's Low-Altitude Logistics Sector

Shengfeng Development Limited Announces Joint Venture with Fujian Fulai Aviation to Expand Low-Altitude Logistics Services

Shengfeng Development Limited Reports 107.8% Revenue Increase from China Post Services During 2024 Double 11 Shopping Festival

Shengfeng Development Limited Announces Completion of the Ningde Shengfeng Smart Logistics Center, Primarily Servicing CATL

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BingEx Limited - American Depositary Shares

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PS International Group Ltd. - Ordinary Shares

PS International Group

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ZTO Express (Cayman) Inc. American Depositary Shares, each representing one Class A ordinary share.

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