NuScale Power Option Alert: Jul 18 $50 Calls Sweep (68) near the Ask: 2602 vs 195 OI; Earnings 8/7 After Close [est] 

NuScale Power Option Alert: Jul 18 $50 Calls Sweep (68) near the Ask: 2602 @ $2.35 vs 195 OI; Earnings 8/7 After Close [est] Ref=$39.8

NuScale Power Option Alert: Jan, 2027 $10 Calls at the Bid: 383 vs 1076 OI; Earnings 8/7 After Close [est] 

NuScale Power Option Alert: Jan, 2027 $10 Calls at the Bid: 383 @ $30.0 vs 1076 OI; Earnings 8/7 After Close [est] Ref=$38.875

NuScale Power Option Alert: Jun 20 $33 Puts at the Bid: 6000 vs 804 OI; Earnings 8/7 After Close [est] 

NuScale Power Option Alert: Jun 20 $33 Puts at the Bid: 6000 @ $1.38 vs 804 OI; Earnings 8/7 After Close [est] Ref=$34.955

NuScale Power Option Alert: Aug 15 $32 Calls at the Ask: 1000 vs 1452 OI; Earnings 8/7 After Close [est] 

NuScale Power Option Alert: Aug 15 $32 Calls at the Ask: 1000 @ $7.85 vs 1452 OI; Earnings 8/7 After Close [est] Ref=$35.33

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NuScale Power Corp is redefining nuclear power through the development of proprietary and SMR technology that will deliver safe, scalable, cost-effective, and reliable carbon-free power. Its products are VOYGR Plants and E2 Centers.

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President Donald Trump's bid to dismantle the Consumer Financial Protection Bureau has shifted at least $18 billion in costs onto consumers through higher bank fees and canceled restitution, two advocacy groups said Tuesday.
What Happened: The Student Borrower Protection Center and the Consumer Federation of America calculated the hit by tallying policies the administration halted since Treasury Secretary Scott Bessent froze <a href="https://www.benzinga.com/government/regulations/25/02/43451675/bessent-freezes-consumer-financial-protection-bureau-work-leaving-lawsuits-against-jpmorgan-bank-of-america-capital-one-in-limbo">most CFPB activity</a> in February.
In a statement shared with Reuters, they say scrapping Obama and Biden-era plans to cap <a href="https://www.benzinga.com/government/regulations/25/04/44833509/judge-strikes-down-biden-era-rule-capping-credit-card-late-fees-at-8">credit-card late fees</a> at $8 and overdraft charges at $5 will alone cost consumers about $15 billion a year.
The CFPB has also dropped or settled 22 enforcement cases inherited from the prior administration, including actions against JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) and Capital One (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), covering another $3 billion in alleged harm.
Earlier this month, CFPB lawyers quietly voided redress agreements with Toyota's lending arm and a major payments processor, erasing roughly $50 million owed to borrowers, the groups said.
See also: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46087233/ken-rogoff-warns-ais-hunger-for-power-could-send-interest-rates-soaring-youre-going-to-see-even-more-spending-not-less">Ken Rogoff Warns AI&#8217;s Hunger For Power Could Send Interest Rates Soaring: &#8216;You&#8217;re Going To See Even More Spending, Not Less&#8217;</a>
Why It Matters: The watchdog groups urged Congress to restore the fee caps and reopen canceled cases, warning that each month of inaction transfers <a href="https://www.benzinga.com/personal-finance/25/03/44353947/trumps-cfpb-overhaul-leaves-consumers-exposed-heres-what-it-means-for-your-money">billions from families</a> to financial giants.
Trump has previously <a href="https://www.benzinga.com/news/25/02/44028664/trump-says-he-shut-down-the-ultra-left-cfpb-after-bankers-and-loan-officers-called-him-almost-crying">called the CFPB</a> an "ultra-left" agency and boasted he "shut it down after bankers were almost crying," according to a February interview. Administration allies argue the bureau overreached and stifled free enterprise. According to Reuters, Senate Republicans recently tried to <a href="https://punchbowl.news/bills-119hconres14pp/">defund</a> it in a sweeping tax bill before parliamentarians stripped the provision for violating budget rules.
Consumer advocates counter that households are absorbing higher costs just as real wages lag inflation and the Fed holds rates near two-decade highs. Meanwhile, analysts reveal that the regulatory freeze could boost lender profits and <a href="https://www.benzinga.com/etfs/sector-etfs/25/02/43637114/regulatory-freeze-at-cfpb-these-etfs-could-gain-as-oversight-weakens">certain financial-sector ETFs</a> as oversight weakens.
Photo Courtesy: Maxim Elramsisy / Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/management/25/06/46087248/americans-used-to-fantasize-about-getting-rich-now-they-just-want-to-be-comfortable-1-in-4-dont-feel-financially-safe-many-want-150000-payslips">Americans Used To Fantasize About Getting Rich, Now They Just Want To Be Comfortable: 1-In-4 Don&#8217;t Feel Financially Safe, Many Want $150,000 Payslips</a>

Legal

Trump's Move To Gut Financial Protection Agency Could Cost Consumers $15 Billion A Year, Say Advocacy Groups

Kansas City Federal Reserve President Jeff Schmid said on Tuesday that the central bank has sufficient time to analyze rising import tariff impacts on inflation and economic growth before implementing further interest rate cuts. What Happened: &#8220;The current posture of monetary policy, which has been characterized as &#8216;wait-and-see,&#8217; is appropriate,&#8221; Schmid stated in prepared remarks to an agricultural summit in Nebraska, Reuters reported.
The Kansas City Fed chief, who holds a voting seat on the Federal Open Market Committee this year, emphasized that economic resilience provides the Fed time to observe price and economic developments before adjusting the benchmark policy rate.
See Also: <a href="https://benzinga.com/news/macro-notification/25/06/46070420/us-home-sales-sink-to-slowest-may-since-2009-as-mortgage-rates-and-record-prices-keep-buy">US Home Sales Sink To Slowest May Since 2009 As Mortgage Rates And Record Prices Keep Buyers On The Sidelines</a>
The Fed has maintained its <a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">target rate between 4.25% and 4.5% since December</a> despite pressure from President Donald Trump for rate cuts. The FOMC next convenes July 29-30, with current Fed projections anticipating two rate reductions by year-end.
Why It Matters: Schmid highlighted growing uncertainty around trade policy, with Fed officials generally expecting slower growth, higher unemployment, and elevated inflation in the coming months. Inflation remains above the Fed&#8217;s 2% target, with &#8220;contacts almost uniformly expecting increased tariffs to push up prices and weigh on activity,&#8221; he noted.
Fed Chair Jerome Powell recently <a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">attributed rising core inflation forecasts to expected tariff effects</a>, with projections increasing from 2.8% in March to 3.1% currently. The Personal Consumption Expenditures inflation measure is projected to reach 3.0% in 2025, while real GDP growth was downgraded to 1.4% from 1.7%.
The S&amp;P 500, tracked by SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Nasdaq-100, tracked by Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), <a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">declined following the Fed announcement</a> last week.
Photo Courtesy: Andrii Yalanskyi on Shutterstock.com
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/06/46047373/stocks-may-not-need-a-fed-rate-cut-but-bonds-could-be-in-trouble-says-sage-advisory">Stocks May Not Need A Fed Rate Cut—But Bonds Could Be In Trouble, Says Sage Advisory</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Federal Reserve

Fed's Schmid Says 'Wait-and-See' Approach Right For Rate Policy As Tariff Fallout Still Unclear

On Tuesday, Senator Bernie Sanders (I-Vt.) called out billionaire and Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos for <a href="https://www.benzinga.com/news/23/08/33591383/bezos-throws-engagement-party-on-500-million-yacht-ahead-of-amazons-earnings-heres-who-was-in-attend">extravagant spending amid</a> widespread economic inequality in the U.S.
What Happened: Sanders took to X, formerly Twitter, and condemned Bezos' lavish wedding in Venice, a $500 million yacht and a $5 million engagement ring, citing his more than $230 billion net worth and an effective tax rate of just 1.1%.
"This is oligarchy. This is obscene," Sanders posted on X. "While 60% live paycheck to paycheck &amp; kids go hungry, Jeff Bezos&#8230; spends $5 million on a ring."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is oligarchy. This is obscene. While 60% live paycheck to paycheck &amp; kids go hungry, Jeff Bezos, worth $230 billion, goes to Venice on his $500 million yacht for a $20 million wedding &amp; spends $5 million on a ring while his real tax rate is just 1.1%. End this oligarchy.
&mdash; Bernie Sanders (@SenSanders) <a href="https://twitter.com/SenSanders/status/1937542037081063849?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Bezos currently has a net worth of $234 million, making him&nbsp; fourth on the list of Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>.
Earlier this year, when Bezos announced a major editorial shift at The Washington Post, stating its opinion section will now focus on promoting free markets and personal liberties, Sanders called it an example of &#8220;oligarch ownership of the media&#8221; and accused the Amazon founder of pushing the <a href="https://www.benzinga.com/general/social-media/25/02/43997193/jeff-bezos-washington-post-overhaul-draws-oligarch-remark-from-bernie-sanders-elon-musk-calls-amazon-founder-a-bravo">paper toward a right-wing agenda</a>.
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's Important: Having already <a href="https://www.benzinga.com/general/entertainment/24/12/42639012/inside-jeff-bezos-600m-wedding-to-lauren-sanchez-luxe-decor-stars-and-romance">thrown extravagant yacht parties</a> and a lavish engagement celebration, Bezos and Lauren Sánchez are now reportedly preparing to <a href="https://www.benzinga.com/general/entertainment/25/03/44550460/jeff-bezos-italian-wedding-guest-list-and-plans-kim-kardashian-donald-trump-bill-gates-oprah-winfrey-get-reported-invites">host wedding guests</a>—ranging from politicians and billionaires to actors and celebrities—for three days of festivities in Venice starting June 26.
The wedding and its associated events are estimated to cost between 40 and 48 million euros ($46.5 to $55.6 million), according to Luca Zaia, president of the Veneto regional government, which includes Venice, reported Reuters.
Previously, it was reported that the <a href="https://www.benzinga.com/news/entertainment/25/06/46062022/protests-rock-jeff-bezos-gondola-want-to-rent-venice-for-a-wedding-pay-more-tax">wedding festivities in Venice</a> had drawn controversy and protests, prompting a last-minute venue change from Scuola Grande della Misericordia to a more secure location.
Local reports cite security concerns, planned protests and rising U.S.-Iran tensions—given a nearby U.S. airbase—as reasons for the shift. Events are also scheduled to take place on San Giorgio Island and Bezos' $500 million yacht, Koru.
Protesters, including Greenpeace, criticized Bezos for &#8220;taking over the city&#8221; and called for higher taxes on the ultra-wealthy. Security has been heightened, with Bezos reportedly hiring ex-U.S. Marines.
AMZN is demonstrating a consistent upward trajectory across short, medium and long-term periods, according to Benzinga's Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Further performance details are available here</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24231849/Screenshot-2025-06-25-at-8.46.11%E2%80%AFAM.png" alt="" class="wp-image-960749" /></a></figure>
Photo Courtesy: Jana Shea on Shutterstock.com
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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.

Tech

Bernie Sanders Slams Jeff Bezos' Lavish Wedding Plans, Demands 'End' To Oligarchy: Amazon Founder Pays 1.1% Tax, Takes $500 Million Yacht To Venice While Kids Go Hungry

The Trump Organization's push into the <a href="https://www.benzinga.com/markets/tech/25/06/45990957/trump-mobile-plans-to-launch-499-t-1-phone-made-in-the-usa-but-expert-says-you-dont-have-the-employees-that-can-do-it">smartphone business</a> leans on a tiny Florida-based wireless company headquartered in a Trump Tower condo.
What Happened: To power Trump Mobile's "Made in America" smartphone and wireless plan, the Trump Organization partnered with Liberty Mobile Wireless, a little-known mobile virtual network operator (MVNO) founded in 2018, <a href="https://www.ft.com/content/8b58f16e-fafa-4cfe-a5dc-353fe39f87c7">reported</a> the Financial Times.
A mobile virtual network operator (MVNO) is a business that leases network capacity from major carriers like AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and T-Mobile U.S. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), and then resells it under its own brand to customers.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand" target="_blank" rel="noreferrer noopener">Pierre Ferragu Takes Apple To Task For Dismissing The AI Revolution: ‘Has Its Head In The Sand'</a>
The company is registered at a unit inside the luxury Trump Tower in Miami and lists fewer than 50 employees on LinkedIn.&nbsp;
Despite billing itself as the backbone of Trump Mobile's national rollout, Liberty Mobile Wireless's website still features placeholder text — five identical entries answering the question, "What is Lorem Ipsum?"
Company filings link Liberty Mobile to entrepreneur Matt Lopatin, who has previously launched and dissolved several small ventures.
Why It's Important: Trump Mobile launched earlier this month with promises of a U.S.-made smartphone called the "T1," <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">retailing for $499</a>.
The order page briefly crashed after its launch on Monday due to what one employee on Wednesday described as a "rush of inquiries," the report noted.&nbsp;
Launching in August alongside a new wireless service called Trump Mobile, the device will reportedly be manufactured in Alabama, California and Florida. However, industry experts are doubtful about large-scale U.S. smartphone production.
Previously, Roger Entner of Recon Analytics noted that no major smartphones have been made in the U.S. since the 2G/3G era due to a lack of infrastructure, skilled labor and supply chains.
Analyst Dan Ives also suggested the project might work on a small scale but would face serious challenges if production exceeds 20,000–40,000 units.
Benzinga&#8217;s Edge Stock Rankings show a continued downward trend for TMUS in the short and medium term, while indicating an upward trend over the long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More performance insights are available here</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25003308/Screenshot-2025-06-25-at-10.01.16%E2%80%AFAM.png" alt="" class="wp-image-960787" /></a></figure>
Photo Courtesy: Joey Sussman on Shutterstock.com
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Media

TMUS

Trump's 'Made in America' Phone Plan Is Backed By A Little-Known Network Based In His Miami Condo, Whose Website Still Says 'What Is Lorem Ipsum?'

Future Fund LLC's managing director, Gary Black, sees minimal risk in Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) as the ride-hailing giant announced the expansion of its partnership with Alphabet Inc.'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>) Waymo.
Check out the current price of <a href="http://benzinga.com/quote/uber">UBER stock here</a>.
What Happened: "UBER +7% today and nearing a new all time high after announcing that Waymo/Uber driverless ride hailing partnership has expanded to Atlanta," the investor said in a post on social media platform X on Tuesday.
Black also outlined how the partnership has enabled Waymo to operate on the Uber platform in cities like Phoenix, Austin and Atlanta. The investor also drew parallels between Waymo and Robotaxi rival Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), which the investor says still operates ‘in supervised autonomy mode.'
Black also highlighted how Waymo/Uber is "exploring driverless expansion to Miami and Washington D.C. by year-end," which makes Uber's business model ‘low risk.'
<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"><a href="https://twitter.com/search?q=%24UBER&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UBER</a> +7% today and nearing a new all time high after announcing that Waymo/Uber driverless ride hailing partnership has expanded to Atlanta. Waymo/Uber driverless ride hailing now operates in Phoenix, Austin and Atlanta. With <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> still operating in supervised autonomy mode,… <a href="https://t.co/lgUBslRcr2">pic.twitter.com/lgUBslRcr2</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1937526795559186735?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The comments come in as Waymo has been steadily bolstering its position in the domestic autonomous taxi industry, with recently announced expansions to <a href="https://www.benzinga.com/markets/tech/25/06/45988738/tesla-robotaxi-rival-waymo-expands-services-in-california-amid-us-autonomous-vehicle-push">other parts of California</a> as well as New York.
The company has already established itself as a major player in the self-driving taxi sector, having already reached the 10 million paid autonomous rides milestone, something the service achieved by doubling its lifetime total of 5 million autonomous rides in five months.
Elsewhere, Tesla officially rolled out <a href="https://www.benzinga.com/markets/tech/25/06/46045542/tesla-launches-robotaxi-in-austin-elon-musk-calls-it-a-culmination-of-a-decade-of-hard-work">its Robotaxi service</a> in Austin on Sunday, which was a limited rollout with over 10 Model Ys during an invite-only event.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="193" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25000011/UBER-25-JUN-2025-1024x193.jpg" alt="" class="wp-image-960770" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25000011/UBER-25-JUN-2025-1024x193.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25000011/UBER-25-JUN-2025-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25000011/UBER-25-JUN-2025-768x145.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25000011/UBER-25-JUN-2025-1536x290.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/25000011/UBER-25-JUN-2025.jpg 1564w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Uber scores well on Momentum and Growth metrics, while offering satisfactory 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>
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46030504/uber-expands-ai-services-countries-businesses-train-smarter-ai-agents">Uber Collected Tons Of User Data For Years, Will License It To 30 Countries For AI</a></li>
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Photo courtesy: DenPhotos / Shutterstock.com

TSLA

UBER

Uber Nears All-Time High As Waymo Partnership Expands To Atlanta — Gary Black Calls It 'Low-Risk' While Tesla Lags In 'Supervised Autonomy'

Renowned investor Cathie Wood said Tuesday that growing institutional interest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) would herald the &#8220;next exciting leg&#8221; of the asset&#8217;s growth journey.
What Happened: The CEO of asset management firm&nbsp;ARK Invest was reacting to billionaire hedge fund manager&nbsp;Philippe Laffont&#8217;s views on Bitcoin.
Laffont, founder of tech-focused hedge fund&nbsp;Coatue Management, said in a recent conference that retail investors understood the value of Bitcoin earlier than institutions.
&#8220;It feels like sometimes the institutional investor is wrong and the retail investment is right,&#8221; he stated. &#8220;I don&#8217;t think we can afford to ignore it anymore.&#8221;
Wood noted that ARK Invest had given its clients exposure to the cryptocurrency back in 2015 when it was priced at only $250. 
&#8220;Thanks primarily to retail investors, Bitcoin has appreciated 400-fold. Now that institutions are focused on this new asset class, the next exciting leg of this journey is beginning,&#8221; she added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In 2015, <a href="https://twitter.com/ARKInvest?ref_src=twsrc%5Etfw">@ARKInvest</a> provided our clients with exposure to bitcoin at a price of $250. Thanks primarily to retail investors, bitcoin has appreciated 400-fold. Now that institutions are focused on this new asset class, the next exciting leg of this journey is beginning! <a href="https://t.co/NUfDUx3wZe">https://t.co/NUfDUx3wZe</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1937627307369464217?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46071825/big-short-investor-eisman-warns-jpmorgan-wells-fargo-domination-squeezes-regional-banks" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Investor Eisman Warns JPMorgan, Wells Fargo Domination Squeezes Regional Banks</a>
In a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">previous interview</a>, Wood had reaffirmed her bullish stance on Bitcoin, predicting that it would hit a minimum of $700,000 in the coming years. This would represent a surge of at least 580% from its current value by 2030.
Why It Matters: Laffont predicted earlier this month that <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Bitcoin would become central to investment portfolios</a> in the years to come, joining a growing list of well-known hedge fund managers who have softened their views on the asset.
Institutions have poured over $47 billion in spot Bitcoin exchange traded funds since their debut last year, with BlackRock&#8217;s iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) becoming the world&#8217;s largest cryptocurrency investment vehicle, <a href="https://sosovalue.com/assets/etf/us-btc-spot">according </a>to SoSo Value. 
Meanwhile, Wood remains an outspoken advocate of Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">forecasting that it will reach $700,000</a> in the coming years, with the bull case in the&nbsp;$1.5 million range.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $106,392.90, up 1.30% 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>.
Photo Courtesy: Yalcin Sonat On Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Ventures Have Been &#8216;Lucrative,&#8217; But Adam Schiff Says He Is Bringing In A Law To End &#8216;Corruption In Plain Sight&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BTC

HOOD

IBIT

Bitcoin's 400x Rise Aside, Cathie Wood Says The 'Next Exciting Leg' Is Just Beginning

U.S. money market funds are witnessing an unprecedented surge in inflows as investors increasingly favor safety and liquidity over risk assets.
What Happened: According to data shared by The Kobeissi Letter in a post on X, on Tuesday, money market funds have attracted $902 billion in net inflows over the past twelve months.
In comparison, debt and equity markets over the same period have witnessed inflows of $485 billion and $443 billion, respectively. So far in 2025, the post notes that money markets have drawn $200 billion in fresh inflows, while debt and equities have remained largely flat.
See Also: <a href="https://www.benzinga.com/markets/hedge-funds/25/06/45966863/ken-griffin-says-traders-who-go-on-defense-always-lose-money-citadel-founder-warns-crowded-safe-trades-where-the-losses-are">Ken Griffin Says Traders Who &#8216;Go On Defense&#8217; Always Lose Money, Citadel Founder Warns Crowded Safe Trades &#8216;Where The Losses Are&#8217;</a>
&#8220;Safe-haven investments are thriving,&#8221; the post says, highlighting a deepening sense of caution in the markets, with investors increasingly prioritizing preservation over the pursuit of returns.
&#8220;It appears that capital is flying into safety as elevated interest rates and economic uncertainty make cash-like instruments increasingly attractive relative to risk assets,&#8221; it says.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Money market funds are on fire: US money market funds have attracted $902 billion in net inflows over the past year. By comparison, investors invested $485 billion and $443 billion into US bond and equity funds, respectively. In 2025 alone, money market fund inflows have… <a href="https://t.co/3EPDb96ikH">pic.twitter.com/3EPDb96ikH</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1937538197313191981?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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Money market funds are increasingly appealing to investors with funds such as the Fidelity Money Market Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPRXX#NASDAQ">SPRXX</a>) and the Vanguard Federal Money Market Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMFXX#NASDAQ">VMFXX</a>) now offering steady yields in excess of 4%, amid plenty of turbulence in the broader markets.
Why It Matters: Several market experts and analysts see this as a clear sign of growing investor caution, as shifting rate expectations and macro uncertainties continue to mount.
Investor Chamath Palihapitiya recently <a href="https://www.benzinga.com/markets/25/05/45610672/market-is-risk-off-chamath-palihapitiya-flags-rising-investor-fear-as-money-market-fund-assets-hit-724-trillion">flagged the trend</a>, saying that the &#8220;market is risk-off,&#8221; while referring to money market funds hitting a record high of $7.24 trillion in May. 
Other market observers, such as The Market Ear, however, believe that these funds, parked in short-term instruments, are just &#8220;dry powder,&#8221; or cash reserves sitting on the sidelines and waiting to make their way back into the markets, on receiving the right signals.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Now that&#39;s some dry powder! $7 trillion sitting in U.S. money market funds. <a href="https://t.co/xT7nEMBV52">pic.twitter.com/xT7nEMBV52</a>
&mdash; The Market Ear (@themarketear) <a href="https://twitter.com/themarketear/status/1926948542825771487?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote>
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Price Action: The U.S. 10-Year Treasury yields stand at 4.30% at the time of writing this, with 2-Year yields at 3.799%, and 1-Year at 4.03%.
Photo Courtesy: Adny on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46048599/top-3-risk-off-stocks-that-could-blast-off-this-month-2">Top 3 Risk Off Stocks That Could Blast Off This Month</a></li>
</ul>

Bonds

SPRXX

VMFXX

Money Market Funds 'On Fire' As $902 Billion Pours In — Why These 'Safe-Haven' Investments Are Thriving Now?

Zohran Mamdani, the 33-year-old progressive state representative, emerged as the frontrunner in New York City&#8217;s Democratic mayoral primary Tuesday night, prompting former Governor Andrew Cuomo to concede defeat.
What Happened: With 91% of votes counted, Mamdani secured 43.5% compared to Cuomo&#8217;s 36.4%. City Comptroller Brad Lander trailed with 11.4%, according to preliminary results.
&#8220;Tonight is his night. He deserved it. He won,&#8221; Cuomo told supporters at his campaign rally, praising Mamdani&#8217;s &#8220;really smart and good and impactful campaign.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Cuomo: Tonight is his night, he won <a href="https://t.co/prSuY58bXl">pic.twitter.com/prSuY58bXl</a>
&mdash; Acyn (@Acyn) <a href="https://twitter.com/Acyn/status/1937701732508926291?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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The outcome represents a significant rebuke to the Democratic establishment. Cuomo entered the race in March with superior name recognition and a 30-point polling lead, backed by billionaire donors including Home Depot co-founder Ken Langone and Avenue Capital Group CEO Marc Lasry, <a href="https://www.theguardian.com/us-news/2025/jun/24/new-york-mayoral-primary-results">according</a> to The Guardian. Outside spending supporting Cuomo exceeded $25 million, setting a record for the city.
Mamdani&#8217;s grassroots campaign capitalized on endorsements from progressive leaders Rep.&nbsp;Alexandria Ocasio-Cortez&nbsp;(D-N.Y.) and Sen.&nbsp;Bernie Sanders&nbsp;(I-VT). His platform includes rent freezes and free citywide bus service, resonating particularly with younger voters.
See Also: <a href="https://www.benzinga.com/personal-finance/management/25/06/46087248/americans-used-to-fantasize-about-getting-rich-now-they-just-want-to-be-comfortable-1-in-4-dont-feel-financially-safe-many-want-150000-payslips">Americans Used To Fantasize About Getting Rich, Now They Just Want To Be Comfortable: 1-In-4 Don&#8217;t Feel Financially Safe, Many Want $150,000 Payslips</a>
Why It Matters: The race utilized ranked-choice voting, requiring a candidate to receive 50% of the votes for an outright victory. Mamdani&#8217;s cross-endorsement with Lander positions him favorably for second-choice tallies, though final results may take days.
Market implications remain significant given New York&#8217;s economic influence. Former Goldman Sachs CEO Lloyd Blankfein <a href="https://www.benzinga.com/news/legal/25/03/44094049/cuomos-mayoral-bid-shakes-up-nyc-race-drawing-major-power-brokers-and-critics-alike">previously endorsed Cuomo</a>, emphasizing the need for &#8220;economic development&#8221; leadership and cooperation with the Trump administration.
Incumbent Mayor Eric Adams, running as an independent after corruption charges were dropped in April following Trump administration intervention, <a href="https://www.benzinga.com/news/legal/25/03/44094049/cuomos-mayoral-bid-shakes-up-nyc-race-drawing-major-power-brokers-and-critics-alike">remains deeply unpopular</a>. 
Mamdani would become New York&#8217;s first Muslim mayor if elected, marking a historic shift in America&#8217;s financial capital.
Read Next: 
<ul class="wp-block-list">
<li><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></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: Ron Adar / Shutterstock.com

Zohran Mamdani Leads NYC Mayoral Primary, Andrew Cuomo Concedes Race: 'He Deserved It. He Won'

Leading cryptocurrencies moved further up on Tuesday as investors hoped the ceasefire between Iran and Israel would hold and help calm geopolitical tensions
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.67%</td>
<td>$106,712.57</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.73%</td>
<td>$2,466.22</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.73%</td>
<td>$0.1668</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin hit the upper reaches of $106,000 overnight but was still 4.75% away from its all-time highs. Ethereum reentered the $2,400 region and consolidated.
Bitcoin's dominance increased to 64.5%, while Ethereum's market share eased by around 9%.
Short position traders continued to get liquidated, with more than $115 million in downside bets evaporating in the last 24 hours.
Bitcoin&#8217;s open interest climbed 2.12% to over $70 billion, marking a significant improvement from the weekend dip. Interestingly, over 60% of Binance traders with open BTC positions were short as of this writing.
The market sentiment remained in "Greed," according to the Crypto Fear &amp; Greed Index.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 10:20 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Sei (SEI)</td>
<td>+23.98%</td>
<td>$0.3327</td>
</tr>
<tr>
<td>Maple Finance (SYRUP) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+21.80%</td>
<td>$0.5888</td>
</tr>
<tr>
<td>SPX6900 (SPX)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+13.76%</td>
<td>$1.36 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.28 trillion, following an increase of 1.13% in the last 24 hours.
Stocks staged a sharp rally on Tuesday. The Dow Jones Industrial Average rose 507.24 points, or 1.19%, to end at 43,089.02. The S&amp;P 500 gained 1.11% to close at 6,092.18, while the tech-focused Nasdaq Composite spiked 1.43% to end at 19,912.53.
Investors factored in President Donald Trump&#8217;s <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">assurance</a> that a ceasefire between Iran and Israel is in effect, even as reports of renewed hostilities raised doubts about its durability.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency trader bwatts identified a bull flag setup for Bitcoin, potentially leading to upward price continuation.
"Remains bullish as long as weekly candles are closing over $97,938. Needs a daily close over $108,403 for upside continuation," the trader projected.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> Bull flag setup. Remains bullish as long as weekly candles are closing over 97,938. Needs a daily close over 108,403 for upside continuation. <a href="https://t.co/SiP83ASBam">pic.twitter.com/SiP83ASBam</a>
&mdash; bwatts  (@_bwatts_) <a href="https://twitter.com/_bwatts_/status/1937515863961469341?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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Meanwhile, a smart trader doubled down on their Ethereum bearish bet, adding another 10,000 ETH to the short position.
The trader held 50,000 ETH short as of this writing, with unrealized profits down to $13.9 million
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Smart trader 0xcB92 doesn&#39;t seem bullish on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. His <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> short once had over $26M in unrealized profit, but he didn&#39;t close it—instead, he doubled down by adding another 10K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. He now holds 50K <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($122M) short, with profits down to $13.9M.<a href="https://t.co/PZR8ypAal9">https://t.co/PZR8ypAal9</a> <a href="https://t.co/wCnZ8BKNZt">pic.twitter.com/wCnZ8BKNZt</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1937685796770971670?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: sundaemorning on Shutterstock.com
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/06/46075421/crypto-is-macroeconomically-insignificant-yanis-varoufakis-in-2023-why-the-2023-warnings-s">&#8216;Crypto Is Macroeconomically Insignificant&#8217;: Yanis Varoufakis In 2023: Why The 2023 Warnings Still Resonate In 2025</a></li>
</ul>

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Inch Higher As Investors Hope 'Trump-Brokered' Iran-Israel Ceasefire Holds:  Analyst Says BTC Needs A Daily Close Over $108,403 For Upside To Continue

<a href="https://www.nytimes.com/live/2025/06/24/nyregion/nyc-democratic-primary-election-mayor" title="https://www.nytimes.com/live/2025/06/24/nyregion/nyc-democratic-primary-election-mayor">https://www.nytimes.com/live/2025/06/24/nyregion/nyc-democratic-primary-election-mayor</a>

General

Zohran Mamdani Wins New York City Mayoral Primary; Ex-Governor Andrew Cuomo Concedes Race

More than three-quarters of U.S. adults say they are not financially secure, a record share in Bankrate's latest Financial Freedom survey, as inflation and hiring freezes erode purchasing power and career prospects.
What Happened: The poll found 77% feel less than "completely financially secure," up from 75% last year and 72% in 2023, despite a cooling headline inflation rate.
One-quarter of respondents said they would need a $150,000 salary to feel comfortable, and 8% of that group raised the bar to $200,000–$499,999, while another 8% wanted at least $500,000. By contrast, 45% reported they could feel financially secure on under six figures, including 34% who said $50,000–$99,999 would suffice.
Median pay has not kept pace with prices. Bureau of Labor Statistics data show a $100,000 salary in January 2020 now buys what $124,000 did in April 2025, effectively slicing $24,000 from households that missed raises. Average full-time, year-round earnings were $81,515 in 2023, well below the $150,000 that 26% of respondents say they would need to "feel financially secure/comfortable," Bankrate noted.
See also: <a href="https://www.benzinga.com/news/macro-notification/25/06/46070420/us-home-sales-sink-to-slowest-may-since-2009-as-mortgage-rates-and-record-prices-keep-buyers-on-the-sidelines">US Home Sales Sink To Slowest May Since 2009 As Mortgage Rates And Record Prices Keep Buyers On The Sidelines</a>
"Getting rich may have once been what many Americans fantasized about, but now, simply living comfortably feels like the new aspiration, as economic challenges make financial stability a rare luxury," Bankrate analyst and U.S. economy reporter Sarah Foster said. "Many people need to spend more and more every year. However, their income has not increased a lot. Most people's salary is (static)," said Purdue University finance scholar Wookjae Heo.
Why It Matters: A GoBankingRates survey from May shows <a href="https://www.benzinga.com/personal-finance/25/05/45441492/survey-reveals-what-each-generation-thinks-is-a-comfortable-salary-in-2025-you-might-be-surprised">55% of Americans</a> still believe they could live comfortably on $100,000 or less in 2025, despite higher prices. Gen Z highlights that optimism, with roughly 21% of 18 to 24-year-olds saying $50,001–$75,000 would be enough, while only 3% insist on $500,000 or more.
A separate SmartAsset <a href="https://www.benzinga.com/personal-finance/management/25/06/45929823/the-salary-a-single-person-needs-to-live-comfortably-now-outweighs-median-annual-wages-in-all-50-states">study</a> offers a harsher reality, calculating that a single adult now needs $80,829 to $124,467 to feel comfortable in every state, well above the Bureau of Labor Statistics' $62,000 median wage for full-time workers. That shortfall helps explain why many households still feel squeezed even when their paychecks flirt with six figures.
Photo Courtesy: Lebedko Inna on Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/06/46074452/juggling-multiple-high-paying-jobs-seemed-like-a-dream-until-the-guilt-kicked-in-it-felt-bad-to-constantly-lie-to-my-coworkers">Juggling Multiple High-Paying Jobs Seemed Like A Dream Until The Guilt Kicked In. &#8216;It Felt Bad To Constantly Lie To My Coworkers&#8217;</a>

Personal Finance

Americans Used To Fantasize About Getting Rich, Now They Just Want To Be Comfortable: 1-In-4 Don't Feel Financially Safe, Many Want $150,000 Payslips

Artificial general intelligence may not lead to the deflationary future some investors expect, according to Harvard professor and former IMF Chief Economist Ken Rogoff.
What Happened: Appearing on the Dwarkesh Patel Podcast earlier in the month, Rogoff warned that AGI could actually push inflation up, keeping pressure on interest rates to stay higher for longer, amid growing demand for energy and infrastructure capital expenditures.
&#8220;AGI and AI are upward pressures on interest rates,&#8221; he says, adding that with &#8220;the huge energy needs [and] the capital investment, you&#8217;re going to see even more spending, not less.&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46076895/microsofts-layoffs-news-july-2025-ai-investment-80-billion">Microsoft&#8217;s AI Gets $80 Billion—While Pink Slips Print By The Thousand</a>
This is in sharp contrast to other economists and experts, who have since commented on AI and artificial general intelligence being broadly deflationary. Rogoff, however, cautions that this is a misreading of how capital-intensive technological revolutions unfold.
&#8220;Traditionally, when you did a lot of investment, it raised wages,&#8221; he said, while citing research by MIT economist Daron Acemoglu, who has shown that automation doesn't always lead to falling wages or lower investment, but it can shift the economy toward capital-intensive growth paths instead.
Rogoff concludes that this isn&#8217;t going to be a deflationary story like it&#8217;s being projected, while adding that &#8220;this could actually make life harder for central banks, not easier.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Found one! <a href="https://t.co/BClpXhaWFc">https://t.co/BClpXhaWFc</a> <a href="https://t.co/6G4caRbggW">pic.twitter.com/6G4caRbggW</a>
&mdash; Dwarkesh Podcast (@dwarkeshpodcast) <a href="https://twitter.com/dwarkeshpodcast/status/1937591807770051054?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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Why It Matters: Rogoff offers a contrarian take on the predictions made by several experts and economists on the matter in recent months.
The CEO of OpenAI, Sam Altman, recently said that AI would have a <a href="https://www.benzinga.com/news/25/03/44312626/sam-altman-warns-ai-will-be-deflationary-but-says-openais-biggest-constraint-isnt-data-or-demand-its">deflationary effect</a> on the global economy, something he says is underappreciated and misunderstood by investors.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I've said, AI is a deflationary nuclear bomb. The cheaper it gets, the cheaper everything gets… electricity is the other one. No one believes it now but we are reaching the deflationary tipping point there too, which accelerates AI…which accelerates cheaper energy and… <a href="https://t.co/Qa6yjKiAPx">https://t.co/Qa6yjKiAPx</a>
&mdash; Raoul Pal (@RaoulGMI) <a href="https://twitter.com/RaoulGMI/status/1838406207641653606?ref_src=twsrc%5Etfw">September 24, 2024</a></blockquote>
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Investor and macroeconomist Raoul Pal, too, has echoed similar claims, having referred to artificial intelligence technology as a &#8220;deflationary nuclear bomb.&#8221;
He said that &#8220;The cheaper it [AI] gets, the cheaper everything gets&#8230; electricity is the other one,&#8221; in a post on X, late last year. 
Read More: 
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46046476/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></li>
</ul>

Ken Rogoff Warns AI's Hunger For Power Could Send Interest Rates Soaring: 'You're Going To See Even More Spending, Not Less'

U.S. stocks ended the day on a high note, with the Nasdaq gaining over 1.4% on Tuesday to 19,912.53. The Dow also traded up 1.2% to 43,089.02, while the S&amp;P 500 rose by 1.1% to 6,092.18. 
These are the top stocks that gained the attention of retail traders and investors throughout the day:
BigBear.ai Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAI#NYSE">BBAI</a>)
BigBear.ai stock soared 25.12% to close at $5.23, with an intraday high and low of $5.25 and $4.23, respectively. The 52-week high and low stand at $10.36 and $1.16. The AI solutions provider recently <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080056/bigbear-ai-bbai-stock-soars-21-whats-going-on">deployed its biometric passenger processing software</a> at major U.S. and international airports, including JFK, LAX, and Chicago O'Hare.
Advanced Micro Devices Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
AMD shares surged 6.83% to close at $138.43, with an intraday high and low of $138.79 and $132.93. The 52-week high and low are $187.28 and $76.48. The semiconductor giant recently announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080942/why-amd-stock-is-soaring-tuesday">strategic alliance with HCLTech</a>, a leading global technology company, to accelerate enterprise digital transformation.
QuantumScape Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QS#NYSE">QS</a>)
QuantumScape shares rose 2.00% to close at $4.33, with an intraday high and low of $4.40 and $4.28. The 52-week high and low stand at $9.52 and $3.40. The company recently announced that its <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46084743/quantumscape-stock-is-surging-after-the-bell-whats-fueling-the-move">Cobra separator process entered into baseline production</a>, marking a significant milestone in the scale-up of its production capabilities.
Coinbase Global Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)
Coinbase shares jumped 12.10% to close at $344.82, with an intraday high and low of $348.97 and $311.90 respectively. The 52-week high and low are $349.75 and $142.58. The company&#8217;s shares rose following a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46080547/whats-going-on-with-coinbase-shares-today-2">rebound</a> in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices and improved risk sentiment across markets.
Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares fell 2.35% to close at $340.47, with an intraday high and low of $356.26 and $340.44. The 52-week high and low stand at $488.54 and $182. The electric vehicle maker&#8217;s <a href="https://www.benzinga.com/markets/tech/25/06/46069883/teslas-china-sales-slip-over-10-in-mid-june-after-strong-may-surge">Chinese sales have gone down</a> in the third week of June after experiencing steady growth in the country in May.
Benzinga's Edge Stock Rankings indicate Coinbase&#8217;s Short, Medium and Long Price Trends are positive. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock fares</a> on other metrics. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></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="439" height="278" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24222655/Screenshot-2025-06-25-at-11.26.28.png" alt="" class="wp-image-960709" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24222655/Screenshot-2025-06-25-at-11.26.28.png 439w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24222655/Screenshot-2025-06-25-at-11.26.28-300x190.png 300w" sizes="(max-width: 439px) 100vw, 439px" /></a></figure>
Photo Courtesy: Billion Photos on Shutterstock.com
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/%E2%80%9CPremarket">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/46086884/cathie-wood-drops-6-5-million-on-shop-and-abnb-betting-you-wont-stop-shopping-or-traveling">Cathie Wood Drops $6.5 Million On SHOP And ABNB, Betting You Won&#8217;t Stop Shopping Or Traveling</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

BBAI

COIN

BigBear.ai, AMD, QuantumScape, Coinbase, Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Tuesday, Sen. Elizabeth Warren (D-Mass.) slammed Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) alleged tax windfalls under President Donald Trump's new legislative package, saying the <a href="https://www.benzinga.com/news/politics/25/06/45854511/elizabeth-warren-calls-trumps-tax-bill-ugly-for-targeting-cfpb-says-it-returned-21-billion-to-cheated-americans">benefits far outweigh</a> what ordinary Americans could ever contribute.
What Happened: Warren criticized a provision in Trump's "Big Beautiful Bill" that she says offers Meta a massive tax break.
"If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to cover how much Meta would get from just one tax break in Donald Trump&#8217;s ‘Big Beautiful Bill,'" she posted on X, formerly Twitter.
The U.S. population is estimated at 342 million, according to the Census — a number that, as Warren pointed out, wouldn&#8217;t be enough to offset the tax break given to Mark Zuckerberg&#8217;s company under the &#8220;Big Beautiful Bill.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If every one of the 340 million people in America paid a new $35 copay to visit the doctor, that still wouldn't be enough to cover how much Meta would get from just one tax break in Donald Trump&#39;s &quot;Big Beautiful Bill.&quot; <a href="https://t.co/LWcSqrI3eV">pic.twitter.com/LWcSqrI3eV</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1937527386683154635?ref_src=twsrc%5Etfw">June 24, 2025</a></blockquote>
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Warren and Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
Also Read:&nbsp;<a href="https://www.benzinga.com/media/25/05/45680165/meta-hits-1-billion-monthly-ai-users-eyes-future-with-subscriptions" target="_blank" rel="noreferrer noopener">Meta Hits 1 Billion Monthly AI Users, Eyes Future With Subscriptions</a>
Why It's Important: Earlier this month, Warren slammed the "One Big Beautiful Bill Act," warning it could cause 16 million Americans to lose health coverage and add $2.4 trillion to the national debt.
Citing Congressional Budget Office estimates, Warren said the bill disproportionately <a href="https://www.benzinga.com/news/politics/25/06/45785851/elizabeth-warren-says-trumps-one-big-beautiful-bill-will-rip-away-health-coverage-from-16-million-a">benefits billionaires</a> like Jeff Bezos and Mark Zuckerberg at the expense of everyday Americans.
Warren has also <a href="https://www.benzinga.com/news/politics/25/06/45764421/elizabeth-warren-warns-ai-provision-in-trumps-big-beautiful-bill-could-enable-rent-hikes-this-policy-violates-the-senates-budget-rules">opposed a provision</a> in the bill that would prevent states from regulating artificial intelligence for 10 years. She argued this could lead to higher rents by protecting companies like RealPage. Representative Marjorie Taylor Greene has also criticized the measure.
Bezos and Zuckerberg's Meta have each <a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">contributed $1 million</a> to Trump's Jan. 20 inauguration.
According to Benzinga's Edge Stock Rankings, META is exhibiting a consistent upward trend across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights can be found here</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 decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24215930/Screenshot-2025-06-25-at-7.27.47%E2%80%AFAM.png" alt="" class="wp-image-960688" /></a></figure>
Photo courtesy: Sheila Fitzgerald / Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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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.

Elizabeth Warren Says The Tax Break For Mark Zuckerberg's Meta Is So Bountiful Under Trump's 'Big Beautiful Bill' That $35 Copay From Each American Won't Still Match It

Another key figure at the Department of Government Efficiency, nicknamed &#8220;Big Balls&#8221;, has reportedly stepped down, following the exit of Elon Musk from the federal initiative meant to reduce wasteful spending.
What Happened: Edward&nbsp;Coristine, a 19-year-old high school&nbsp;graduate operating under the pseudonym &#8220;Big Balls&#8221;, has resigned from his role at DOGE, The Hill <a href="https://thehill.com/homenews/administration/5367819-doge-aide-big-balls-resigns/">reported </a>Tuesday, citing a White House official with knowledge of the matter.
Coristine was a key participant in high-level meetings involving the DOGE, Treasury Department, Commerce Department, and military operations during his tenure, the report said.
Despite his age and education, Coristine&nbsp;gained access to the United&nbsp;States&#8217; payroll systems. However,&nbsp;his Google Workspace account with&nbsp;the General Services Administration (GSA) is no longer active following his resignation, as <a href="https://www.wired.com/story/big-balls-coristine-doge-resigned-us-government/">reported </a>by WIRED.
DOGE didn&#8217;t immediately return Benzinga&#8217;s request to confirm this news.
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46068856/peter-schiff-slams-texas-for-authorizing-bitcoin-reserve-another-example-of-why-the-foundin" target="_blank" rel="noreferrer noopener">Peter Schiff Slams Texas For Authorizing Bitcoin Reserve: &#8216;Another Example Of Why The Founding Fathers Distrusted Democracy&#8217;</a>
Why It Matters: Coristine, previously lauded by Musk, was reportedly<a href="https://www.benzinga.com/markets/25/03/44508248/elon-musks-doge-service-team-member-tied-to-cybercrime-group-report"> linked to a cybercrime group</a>, leading to concerns about the integrity of the DOGE initiative. His former company, DiamondCDN, had ties to a website operated by the cybercrime group &#8220;EGodly&#8221;. 
Coristine&#8217;s departure follows a series of high-profile exits from DOGE, including that of <a href="https://www.benzinga.com/25/05/45661836/tesla-stock-gains-215-after-hours-as-elon-musk-ends-doge-government-role">Musk himself</a> and his long-time lieutenant Steve Davis. Davis played a central role in<a href="https://www.benzinga.com/25/05/45687331/elon-musks-right-hand-man-steve-davis-exits-doge-after-tesla-ceo-steps-back-from-government-work"> executing Musk&#8217;s cost-cutting vision</a>, overseeing staffing decisions and guiding a team of engineers embedded in federal agencies.
DOGE, Musk&#8217;s brainchild, aimed to modernize government operations to increase efficiency and cost-effectiveness, although it isn&#8217;t an official government department. During his tenure, DOGE&nbsp;<a href="https://www.benzinga.com/markets/25/04/45034082/elon-musks-doge-saves-160-billion-but-could-lead-to-billions-in-hidden-costs-for-taxpayers-warns-new-analysis-public-will-end-up-paying-for-this" target="_blank" rel="noreferrer noopener">claimed $160 billion in government savings</a>&nbsp;through contract terminations and IT modernization efforts.
At the same time, the initiative faced flak for seeking access to&nbsp;<a href="https://in.benzinga.com/markets/equities/25/03/44133368/trumps-congressional-address-taps-elon-musk-for-government-overhaul-revives-drill-baby-drill-for-energy-boom" target="_blank" rel="noreferrer noopener">sensitive government systems</a>&nbsp;such as the Treasury Department and potential conflicts of interest.
Price Action:&nbsp; The DOGE acronym also alludes to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), a meme coin that Musk has liked over the years, although there is no direct link between the department and the cryptocurrency.
At the time of writing, DOGE was exchanging hands at $0.1657, up 1.07% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Photo Courtesy: iQoncept on Shutterstock.com Read Next: 
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46081876/dogecoin-up-5-but-doubts-remain-whats-going-on">Dogecoin Up 5% But Doubts Remain: What&#8217;s Going On?</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

DOGE-Fame 'Big Balls' Is Reportedly Leaving The Government Department Once Headed By Elon Musk — Dogecoin Price Rises

Cathie Wood-led Ark Invest made significant trades on Tuesday, spotlighting its strategic acquisitions of Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) and Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>). These trades reflect Ark&#8217;s continued interest in high-growth technology and e-commerce sectors.
The Shopify Trade saw Ark Invest making substantial purchases across three of its funds: Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARK Innovation ETF (BATS: ARKK), and ARK Next Generation Internet ETF (BATS: ARKW). The firm acquired a total of 33,829 shares of Shopify in total on Tuesday. Shopify shares ended the day at $114.42. The Ark transactions were valued at $3.9 million.
Shopify&#8217;s recent first-quarter earnings report, which revealed a 26.8% year-over-year revenue growth, <a href="https://www.benzinga.com/news/earnings/25/05/45286313/shopify-q1-gross-margin-contracts-misses-profit-estimate">surpassed analyst expectations</a> despite a contraction in gross margins. The total value of the Shopify shares purchased by Ark Invest is currently undisclosed due to the absence of the latest closing price data.
Shopify&#8217;s consistent revenue growth, marking its eighth consecutive quarter of over 25% growth, highlights its resilience and potential in the e-commerce space.
The Airbnb Trade involved Ark Invest&#8217;s flagship ARKK ETF acquiring 19,622 shares of Airbnb. This purchase comes amidst a <a href="https://www.benzinga.com/cannabis/25/05/45692146/this-airbnb-analyst-turns-bearish-here-are-top-2-downgrades-for-friday">backdrop of mixed analyst sentiments</a>, with some turning bearish on the stock recently. Despite this, Ark&#8217;s acquisition suggests confidence in Airbnb&#8217;s ability to navigate market challenges and capitalize on the growing demand for alternative accommodations. The total value of the Airbnb shares purchased by Ark Invest was $2.6 million. Airbnb shares closed at $132.15 on Tuesday.
Other Key Trades:
<ul class="wp-block-list">
<li>Toast Inc.: ARKF and ARKW purchased a combined total of 69,881 shares.</li>
<li>Illumina Inc.: ARKK acquired 28,266 shares.</li>
<li>Veracyte Inc.: ARKK bought 39,761 shares.</li>
<li>Beam Therapeutics Inc.: ARKK purchased 39,919 shares.</li>
</ul>
Benzinga&#8217;s Edge Stock Rankings indicate Airbnb checks out on Short, Medium and Long Price Trends. Here is <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock fares</a> on other metrics. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></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="441" height="283" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24212738/Screenshot-2025-06-25-at-10.27.21.png" alt="" class="wp-image-960662" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24212738/Screenshot-2025-06-25-at-10.27.21.png 441w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/24212738/Screenshot-2025-06-25-at-10.27.21-300x193.png 300w" sizes="(max-width: 441px) 100vw, 441px" /></a></figure>
Photo Courtesy: ChrisStock82 on Shutterstock.com
Read Next:
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<li> <a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Two US Lawmakers On The Armed Services Committee Quietly Snapped Up L3Harris Shares Leading Up To Iran Tensions: &#8216;This Shouldn&#8217;t Be Legal&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ABNB

ARKF

ARKK

ARKW

SHOP

Cathie Wood Drops $6.5 Million On SHOP And ABNB, Betting You Won't Stop Shopping Or Traveling

The US military&#8217;s recent strikes on Iran&#8217;s nuclear facilities may not have been as devastating as initially claimed, according to a preliminary US intelligence assessment.
What Happened: The strikes on three of Iran&#8217;s nuclear sites last weekend did not completely destroy the core components of Iran&#8217;s nuclear program, as per an early US intelligence assessment, <a href="https://edition.cnn.com/2025/06/24/politics/intel-assessment-us-strikes-iran-nuclear-sites">reported</a> by CNN on Tuesday. The assessment, produced by the Defense Intelligence Agency, suggests that the strikes likely only set back Iran&#8217;s nuclear program by a few months.
&#8220;So the (DIA) assessment is that the US set them back maybe a few months, tops,&#8221; said a source, according to CNN.
The analysis of the damage&nbsp;and the impact of the&nbsp;strikes on Iran&#8217;s nuclear ambitions is ongoing. However, the early findings contradict President&nbsp;Donald Trump&#8216;s claims that the strikes &#8220;completely and totally obliterated&#8221; Iran&#8217;s nuclear enrichment facilities.
Two sources familiar with the assessment stated that Iran&#8217;s&nbsp;stockpile of enriched uranium was&nbsp;not destroyed. The intelligence assessed that&nbsp;enriched uranium was moved out&nbsp;of the sites before the US strikes.&nbsp;The White House acknowledged the&nbsp;existence of the assessment but&nbsp;disagreed with its findings.
White House press secretary Karoline Leavitt described the assessment as &#8220;flat-out wrong&#8221; and labeled the anonymous source as a &#8220;low-level loser.&#8221;
While the U.S. military claimed the operation was an &#8220;overwhelming success,&#8221; it is still early to have a comprehensive picture of the impact of the strikes. Israel, which had been striking Iranian nuclear facilities before the operation, believes the combined military action set back the Iranian nuclear program by two years.
However, the strikes&nbsp;did not fully eliminate the&nbsp;sites&#8217; centrifuges and highly enriched uranium. The impact&nbsp;was largely restricted to aboveground&nbsp;structures, which were severely damaged,&nbsp;according to the sources.
Despite the ongoing damage assessment, President Trump and Secretary of Defense Pete Hegseth remain bullish about the success of the strikes. However, others, including Republican Rep. Michael McCaul (R-Texas) and weapons expert Jeffrey Lewis, agree with the assessment that the strikes did not end Iran&#8217;s nuclear program.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/46067898/trumps-crypto-ventures-have-been-lucrative-but-adam-schiff-says-he-is-bringing-in-a-law-to-" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Ventures Have Been &#8216;Lucrative,&#8217; But Adam Schiff Says He Is Bringing In A Law To End &#8216;Corruption In Plain Sight&#8217;</a>
Why It Matters: The strikes followed a warning from Iran&#8217;s Foreign Minister Abbas Araghchi that U.S. involvement in the Israel-Iran conflict would be <a href="https://www.benzinga.com/news/politics/25/06/46042703/iran-calls-us-bombing-of-nuclear-sites-very-very-dangerous-for-everybody">&#8220;very, very dangerous&#8221;</a> for everybody. 
The strikes also led to <a href="https://www.benzinga.com/markets/equities/25/06/46059497/stocks-rise-oil-tumbles-despite-irans-strikes-on-us-bases-whats-driving-markets-monday">retaliation from Iran</a>, with missiles fired at U.S. military bases in Qatar and Iraq. Despite the escalating tensions, President Trump announced a ceasefire between Israel and Iran, even as reports of renewed hostilities raised doubts about its durability. 
Photo Courtesy: sf_freelance on Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

US Attack On Iranian Nuclear Sites Reportedly Set Tehran Back Only 'A Few Months' — White House Calls Assessment 'Flat-Out Wrong'

Jones Lang LaSalle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JLL#NYSE">JLL</a>) has outperformed the market over the past 5 years by 5.12% on an annualized basis producing an average annual return of 19.91%. Currently, Jones Lang LaSalle has a market capitalization of $11.91 billion. 
Buying $1000 In JLL: If an investor had bought $1000 of JLL stock 5 years ago, it would be worth $2,556.87 today based on a price of $250.88 for JLL at the time of writing.
<h3>Jones Lang LaSalle's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750808720_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Jones Lang LaSalle 5 Years Ago Would Be Worth This Much Today

Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) has outperformed the market over the past 5 years by 25.37% on an annualized basis producing an average annual return of 40.16%. Currently, Stride has a market capitalization of $6.29 billion. 
Buying $100 In LRN: If an investor had bought $100 of LRN stock 5 years ago, it would be worth $547.33 today based on a price of $144.55 for LRN at the time of writing.
<h3>Stride's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750807831_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Stride 5 Years Ago Would Be Worth This Much Today

Casella Waste Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWST#NASDAQ">CWST</a>) has outperformed the market over the past 10 years by 24.16% on an annualized basis producing an average annual return of 35.58%. Currently, Casella Waste Systems has a market capitalization of $7.47 billion. 
Buying $100 In CWST: If an investor had bought $100 of CWST stock 10 years ago, it would be worth $2,102.50 today based on a price of $117.74 for CWST at the time of writing.
<h3>Casella Waste Systems's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1750806915_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CWST

Here's How Much You Would Have Made Owning Casella Waste Systems Stock In The Last 10 Years

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Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
10:03 AMJun 11, 2025	CALL	$50.00	Jul 18, 2025	22	36	2602	18	195	SWEEP	BULLISH
09:59 AMJun 11, 2025	CALL	$10.00	Jan 15, 2027	568	483	383	45	1076	TRADE	NEUTRAL
12:26 PMJun 10, 2025	PUT	$33.00	Jun 20, 2025	-6	57	6000	7	804	TRADE	BULLISH
03:47 PMJun 09, 2025	CALL	$32.00	Aug 15, 2025	50	1016	1000	70	1452	TRADE	BULLISH

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