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The fund invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to measure the performance of U.S. corporate bonds that have a maturity of greater than or equal to 1 year and less than 10 years.

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On Thursday, Wedbush analyst Dan Ives said that Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is outpacing competitors like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc.'s (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 in the cloud and hyperscaling sectors.
What Happened: Ives, who has become more bullish on Microsoft, has <a href="https://www.benzinga.com/markets/equities/25/06/46108861/microsoft-is-playing-chess-and-others-are-playing-checkers-dan-ives-says-msft-could-be-a-5-trillion-company-in-18-months">raised his price target</a> for the stock to $600, citing the company's dominant position in cloud computing and hyperscaling technologies.
"Microsoft is clearly leading when it comes to hyperscaling and cloud," Ives said during an interview with The Street.
While Amazon's AWS and Google Cloud have made strides, Ives said that Microsoft's Azure platform has a significant edge, making it a crucial part of the company's success.
He also noted that only 20% of Microsoft's business is currently focused on next-gen cloud and AI, and as this grows to 50-60%, it will fundamentally revalue the company.&nbsp;
&#8220;$600 [price target]… I ultimately think its probably conservative,&#8221; Ives added.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them" target="_blank" rel="noreferrer noopener">Mark Zuckerberg&#8217;s Meta Dangled ‘$100 Million Signing Bonuses&#8217; To OpenAI Team Members, Says Sam Altman: Happy ‘None&#8217; Of Our Best People Took Them</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Great to be on <a href="https://twitter.com/TheStreet?ref_src=twsrc%5Etfw">@TheStreet</a> with <a href="https://twitter.com/Cline_Woods?ref_src=twsrc%5Etfw">@Cline_Woods</a> discussing tech stocks and the AI Revolution looking forward &#x1f3c6;&#x1f525;&#x1f37f;&#x1f3af;&#x1f402;&#x1f4fa;&#x1f447; <a href="https://t.co/fG2x5QexAI">https://t.co/fG2x5QexAI</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1938294338766999937?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It&#8217;s Important: Microsoft currently has a market cap of $3.69 trillion, making it the second most valuable company in the world after Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Ives has also predicted that Microsoft could reach a $5 trillion valuation within the next 18 months, following his decision to <a href="https://www.benzinga.com/markets/equities/25/06/46091818/microsoft-stock-poised-for-23-rally-as-ai-monetization-gains-steam-dan-ives-says">raise the stock's price target</a> to $600 per share.
Microsoft currently holds a consensus price target of $523.73, derived from assessments by 29 analysts. The three latest analyst updates came from Morgan Stanley, Wedbush and Wells Fargo, providing an average price target of $571.67 and suggesting a potential 14.98% upside.
Price Action: Microsoft (MSFT) shares rose 1.05% during Thursday's regular session, followed by a marginal decline of 0.050% in after-hours trading, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The stock is up 18.84% year-to-date and has gained 10.02% over the past 12 months.
Benzinga Edge Stock Rankings indicate that MSFT has demonstrated a strong price trend across short, medium and long-term periods. While its momentum ranking remains robust, its value ranking is relatively weak. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional metric details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26235327/Screenshot-2025-06-27-at-9.16.31%E2%80%AFAM.png" alt="" class="wp-image-964210" /></a></figure>
Photo Courtesy: katuSka 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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"> </a>

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Amazon, Google Not Far Behind, But Dan Ives Says Microsoft 'Clearly Leading' In These Segments — $600 Price Target Is 'Probably' Conservative

One in three employees feels that the pace of work in today's world has become impossible to keep up with, new research by <a href="https://www.microsoft.com/en-us/worklab/work-trend-index/breaking-down-infinite-workday">Microsoft</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) found.
In its 2025 Work Trend Index Annual Report, Microsoft charts the emergence of what it calls a "Frontier Firm," or a company that's "redesigning business processes around AI and agents to scale rapidly, operate with agility, and generate value faster than traditional companies."&nbsp;
These new, ultraproductive companies will be hindered by one major roadblock: the seemingly infinite workday.
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This infinite workday "starts early, mostly in email, and quickly swells to a focus-sapping flood of messages, meetings, and interruptions," the report says.&nbsp;
An average employee is online by six am, reviewing a fraction of the 117 emails they'll receive that day. By the time they're entering peak productivity hours, between 9 a.m. and 11 a.m. and again between 1 p.m. and 3 p.m., they're knee-deep in meetings and receiving workflow interruptions every two minutes.&nbsp;
Things aren't winding down in the evening, either. Microsoft's data shows that there has been a 16% increase in meetings after 8 p.m. year-over-year. Additionally, the average employee receives 50+ teams messages outside of core work hours.
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All of this leads to a sense of exhaustion and an increased mental load. Just under half of all employees, 48%, and a full 52% of leaders say their "work feels chaotic and fragmented," thanks to the frenetic pace and constant digital noise.
Microsoft says that while the trend of the 24/7 workday is concerning, it doesn't have to be that way. "AI can give us the leverage to redesign the rhythm of work, refocus our teams on new and differentiating work, and fix what has become a seemingly infinite workday. The question isn't whether work will change. It's whether we will," the report reads.
Outsourcing mundane tasks is a good place to start. "By deploying AI and agents to streamline low-value tasks—status meetings, routine reports, admin churn—leaders can reclaim time for what moves the business: deep work, fast decisions, and focused execution," the report says.
But it's "agent bosses" or "human agent teams" that are the real future of work, the report says. This new generation of professionals will work smarter, not harder, by deploying AI agents to do the most routine aspects of their work so that they can focus on what matters most, "fast, high-quality insights that benefit the entire team."
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Why Your 9-to-5 Feels More Like 24/7, Report Says

Thomas Wolf, co-founder and chief science officer at Hugging Face, has cast doubt on the belief that current artificial intelligence systems will lead to major scientific breakthroughs.
Wolf told <a href="http://fortune.com/2025/06/20/hugging-face-thomas-wolf-ai-yes-men-on-servers-no-scientific-breakthroughs/">Fortune</a> that today's large language models, or LLMs, excel at providing answers but fall short when it comes to formulating original questions.
&#8220;In science, asking the question is the hard part,&#8221; he said. &#8220;Once the question is asked, often the answer is quite obvious, but the tough part is really asking the question, and models are very bad at asking great questions.&#8221;
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</ul>
<h2 class="wp-block-heading">Response To Anthropic's AI Acceleration Claims</h2>
Wolf&#8217;s comments were in response to a <a href="https://www.darioamodei.com/essay/machines-of-loving-grace">blog post</a> by Anthropic CEO Dario Amodei, who argues that artificial intelligence could compress a century's worth of scientific breakthroughs into just a few years.
Wolf said he initially found the post compelling but became skeptical after rereading. &#8220;It was saying AI is going to solve cancer, and it's going to solve mental health problems—it's going to even bring peace into the world. But then I read it again and realized there's something that sounds very wrong about it, and I don't believe that,&#8221; he told Fortune.
San Francisco-based Anthropic is backed by tech giants, including Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), and is also known for its Claude family of AI models.
<h2 class="wp-block-heading">‘Yes-Men On Servers' Critique</h2>
For Wolf, the core issue lies in how LLMs are trained. In another <a href="https://thomwolf.io/blog/scientific-ai.html">blog post</a>, Wolf argues that today&#8217;s AI systems are built to predict likely outcomes, act as "yes-men on servers," capable of mimicking human responses but incapable of challenging assumptions or generating original ideas.
"To create an Einstein in a data center, we don't just need a system that knows all the answers, but rather one that can ask questions nobody else has thought of or dared to ask," Wolf wrote.
He cited that real scientific progress often comes from paradigm shifts—like Copernicus proposing heliocentrism or the invention of CRISPR-based gene editing—rather than from answering existing questions.
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<h2 class="wp-block-heading">Benchmarks Focus On Answers, Not Inquiry</h2>
Wolf also questioned how AI performance is measured today. In his blog post, he pointed to benchmarks like Humanity's Last Exam or Frontier Math, which test how well AI models can answer complex but well-defined questions.
"These are exactly the kinds of exams where I excelled," Wolf wrote, referencing his academic background. "But real scientific breakthroughs come not from answering known questions, but from asking challenging new ones and questioning previous ideas."
He argued that AI needs to demonstrate the ability to challenge its training data, take counterfactual approaches, and identify new research directions from incomplete information.
<h2 class="wp-block-heading">An Einstein-Level AI Remains Distant</h2>
Using the board game Go as an analogy, Wolf said the landmark <a href="https://deepmind.google/research/projects/alphago/">2016 victory</a> of DeepMind's AlphaGo over world champions made headlines but was not revolutionary.
"Move 37, while impressive, is still essentially a straight-A student answer to the question posed by the rules of the game of Go," he wrote in his blog. "An Einstein-level breakthrough in Go would involve inventing the rules of Go itself."
<h2 class="wp-block-heading">Hugging Face's Role In AI Development</h2>
Hugging Face is a prominent open-source platform in the AI community, known for its collaborative development of open-source machine learning models and tools. The company is backed by investors including Sequoia Capital and Lux Capital, and it plays a leading role in developing transparent and accessible AI systems.
Wolf concluded that while current models are useful as assistants, true scientific progress requires a different kind of intelligence—one that can formulate disruptive questions rather than repeat what is already known.
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Hugging Face Co-Founder Challenges AI Optimists: 'Models Can't Ask Original Scientific Questions'

Indian authorities have successfully extracted the black box data from the Air India flight that tragically crashed earlier this month, India&#8217;s civil aviation ministry said on Thursday. This step was long-awaited and is expected to provide crucial insights into the cause of the disaster.
What Happened: The Civil Aviation Ministry of India announced the recovery of the black box data from the Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 787 Dreamliner that crashed in Ahmedabad, India, on June 12, killing 260 people, Reuters reported. The aircraft was flying to London when it crashed shortly after takeoff. The recovery of the Cockpit Voice Recorder and Flight Data Recorder is a crucial step.
The Ministry, in a statement, said, &#8220;These efforts aim to reconstruct the sequence of events leading to the accident and identify contributing factors to enhance aviation safety and prevent future occurrences.&#8221; 
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The data was accessed by a team led by India&#8217;s Aircraft Accident Investigation Bureau in collaboration with the U.S. National Transportation Safety Board. The investigation is expected to focus on the aircraft&#8217;s engine thrust, among other factors.
Why It Matters: The recovery of the black box data is a significant development in the investigation into the Air India crash. This step is expected to provide critical insights into the events leading up to the <a href="https://www.benzinga.com/markets/equities/25/06/45899174/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-ba-stock-falls-over-5-in-thursday-pre-market">disaster</a>, potentially shedding light on the causes and contributing factors.
The fatal crash has had a significant impact on the aviation industry, particularly on Boeing. The incident has raised questions about the safety and quality of Boeing aircraft, leading to <a href="https://www.benzinga.com/markets/tech/25/06/45991614/if-its-boeing-im-not-going-why-some-people-are-turning-their-backs-on-the-american-plane-maker-in-favor-of-rival-airbus">a shift in public perception</a> and potential consequences for the company&#8217;s future.&nbsp;
Involvement of two major U.S. aerospace players, Boeing and GE, in the aircraft, places them at the center of the investigation, with potential legal and reputational risks.
Price in Action: Boeing has gained 1.85% during regular trading and closed at approximately $202.58,  according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga's Edge Stock Rankings indicates Boeing stock has a Momentum in the 71st percentile. How does the stock stack up against other aviation players? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Find out here.</a>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="976" height="144" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26225139/Screenshot-2025-06-27-080813.png" alt="" class="wp-image-964137" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26225139/Screenshot-2025-06-27-080813.png 976w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26225139/Screenshot-2025-06-27-080813-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26225139/Screenshot-2025-06-27-080813-768x113.png 768w" sizes="(max-width: 976px) 100vw, 976px" /></figure>
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Photo Courtesy: Renatas Repcinskas on Shutterstock.com
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AIRI

Boeing 787 Dreamliner Black Box Recovered, Data Under Scrutiny To Provide Insights Into Fatal Air India Crash

Entrepreneurs sign up for sacrifice—just ask Elon Musk, who said 2008 was "the worst year of my life" and that on the Sunday before Christmas, he thought he was on the <a href="https://www.benzinga.com/startups/24/12/42295862/never-thought-id-be-a-person-to-have-a-nervous-breakdown-elon-musk-recalls-christmas-of-2008-everything-was-going-wrong-at-once">verge of a nervous breakdown</a>, calling it "pretty, pretty dark."&nbsp;&nbsp;
Whether you're building rockets or selling socks, the cost of chasing success can be brutal.
But Kevin O'Leary—also known as "Mr. Wonderful"—took that sentiment to a whole new level in 2023 when he posted a <a href="https://x.com/kevinolearytv/status/1624463778531115010?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1624463778531115010%7Ctwgr%5Ecbbbe71da7b857597db0fb63cf3691f8c74720bb%7Ctwcon%5Es1_&amp;ref_url=https://www.entrepreneur.com/business-news/kevin-oleary-bites-back-at-critics-after-controversial/445815">now-infamous message on X</a> that felt less motivational and more like a cold splash of espresso to the face.
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"You may lose your wife, you may lose your dog, your mother may hate you. None of those things matter. What matters is that you achieve success and become free. Then you can do whatever you like."
Naturally, the backlash came fast. Social media users didn't exactly crown him king of hustle culture. Comments poured in, calling the post "soulless," "sad" and even the rationalization of a man trying to convince himself it was worth it.
One user suggested he must've sold his soul. Another assumed it had to be a hack—until realizing, nope, just Kevin being Kevin.
But instead of walking it back or blaming poor phrasing, O'Leary doubled down. Days later, he followed up with:
"I don't understand all the blowback because of my comments on #hardwork #commitment &amp; #sacrifice. If you are not willing to work 25 hours a day eight days a week don't bother asking me for an #investment. You are not an #entrepreneur."
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Then he brought that same energy to a <a href="https://www.cnn.com/videos/business/2023/02/15/kevin-oleary-shark-tank-tweet-controversy-cnntm-cprog-vpx.cnn">CNN interview</a>, where he looked straight into the camera and stood firm:
"If you're an entrepreneur, you know exactly what I'm talking about… You have to win when you're young and sacrifice everything so that you achieve freedom for your whole family later in life."
Cold? Maybe. Harsh? Definitely. But to O'Leary, sacrifice isn't just part of the game—it is the game. And while most people hope their path to success won't involve alienating their dog, their spouse, and their mom, he's making the case that <a href="https://www.benzinga.com/personal-finance/25/04/44595316/dave-ramseys-honest-take-on-caller-who-got-dumped-for-working-too-much-im-not-chasing-her-she-bailed">freedom comes with a price tag</a> most aren't willing to pay.
Still, not <a href="https://www.benzinga.com/startups/24/11/41689696/thats-the-big-side-hustle-in-america-says-kevin-oleary-about-the-booming-digital-economy-its-america">everyone wants to "hustle harder."</a> Some people want balance. Others prefer to keep their family, their sanity, and their weekends. And some would rather invest in <a href="https://www.benzinga.com/personal-finance/25/03/44346635/kevin-o-leary-says-elon-musk-will-walk-away-mid-conversation-if-he-gets-bored-he-doesnt-give-a-sht-ive-never-met-anybody-like-him">someone else's startup</a> than sacrifice their own relationships to build one.
O'Leary may not be wrong about the cost of success—but whether it's worth it? That's a personal decision. Just don't expect him to hand out sympathy… or investment checks.
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Personal Finance

'None Of That Matters' — Kevin O'Leary Says You Might Have To Sacrifice Your Marriage, Your Dog, And Even Your Mom's Love To Succeed

Elon Musk announced that X will transition to charging advertisers based on vertical screen size, marking a significant shift in the platform&#8217;s revenue strategy as the company works to restore advertising income to pre-acquisition levels.
What Happened: The billionaire wrote on X that the platform &#8220;is moving to charging for ads based on vertical size, so an ad that takes up the whole screen would cost more than an ad that takes up 1/4 of the screen, otherwise the incentive is to create giant ads that impair the user experience.&#8221;
This pricing adjustment comes as X continues its broader transformation into an &#8220;everything app&#8221; under Musk&#8217;s leadership. The platform recently secured money transmitter licenses across 40 states and Washington D.C., positioning itself to compete with financial services companies through its <a href="https://www.benzinga.com/markets/tech/25/06/46041551/elon-musks-x-to-offer-physical-debit-cards-as-part-of-his-everything-app-vision-report">upcoming X Money service</a>.
X CEO Linda Yaccarino has been working alongside Musk to restore advertising revenues to 2022 levels following the platform&#8217;s $44 billion acquisition. Emarketer data shows X&#8217;s revenue rising to $2.3 billion this year from $1.9 billion previously, though the company faces ongoing <a href="https://www.benzinga.com/tech/25/03/44552860/major-brands-resume-advertising-on-musks-x-amid-legal-pressure">challenges with advertiser relations</a>.
<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">&#120143; is moving to charging for ads based on vertical size, so an ad that takes up the whole screen would cost more than an ad that takes up 1/4 of the screen, otherwise the incentive is to create giant ads that impair the user experience
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1938405707621273659?ref_src=twsrc%5Etfw">June 27, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46130084/cathie-woods-alpha-surge-250-million-circle-windfall-big-amd-buys">Cathie Wood&#8217;s Alpha Surge: $250 Million Circle Windfall, Big AMD Buys</a>
Why It Matters: The new ad pricing model addresses user experience concerns while potentially impacting revenue streams. Major brands recently resumed advertising on X following legal pressure from Musk&#8217;s <a href="https://www.benzinga.com/tech/25/03/44552860/major-brands-resume-advertising-on-musks-x-amid-legal-pressure">antitrust lawsuit against</a> the Global Alliance for Responsible Media, which accused the coalition of an &#8220;illegal boycott.&#8221;
Despite a 2% decline in <a href="https://www.benzinga.com/tech/25/03/44552860/major-brands-resume-advertising-on-musks-x-amid-legal-pressure">U.S. ad spending on X during early 2025</a>, major advertising agencies, including WPP and Omnicom, have agreed to set annual spending targets with the platform. The advertising changes reflect X&#8217;s strategy to balance user experience with revenue generation as it expands beyond social media into comprehensive financial services.
Musk&#8217;s xAI recently acquired X in a deal <a href="https://www.benzinga.com/25/03/44549314/elon-musk-acquires-his-own-social-media-platform-x-through-xai-in-33-billion-deal-says-combined-entity-now-worth-80-billion">valuing the combined entity</a> at $80 billion, integrating data and talent across both platforms to enhance artificial intelligence capabilities and advertising targeting.
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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46131630/trump-appointing-a-shadow-chair-at-the-fed-has-put-dollar-under-pressure-meanwhile-china-is-dumping-the-greenback-and-hoarding-gold">Trump Appointing A &#8216;Shadow Chair&#8217; At The Fed Has Put Dollar Under Pressure, Meanwhile China Is Dumping The Greenback And Hoarding Gold</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: Mamun_Sheikh / Shutterstock.com

HOOD

SOFI

Elon Musk Says X Will Charge Advertisers By Screen Size To Curb 'Giant Ads' That Hurt User Experience

President&nbsp;Donald Trump's&nbsp;crypto and AI advisor,&nbsp;David Sacks, praised on Thursday the Senate&#8217;s&nbsp;timeline and plan for crypto legislation that proposes dividing&nbsp;oversight of digital assets between&nbsp;market regulators.
What Happened: In an X post, Sacks thanked&nbsp;Senate Banking Committee Chair Senator&nbsp;Tim Scott&nbsp;(R-S.C.) and Digital Assets&nbsp;Subcommittee Chair Sen.&nbsp;Cynthia Lummis&nbsp;(R-Wyo.)&nbsp;for their commitment to introduce the CLARITY Act, known popularly as the crypto market structure bill, before the August recess and get it passed by the end of September.
 &#8220;July will be a big month, with a bill signing for GENIUS, and CLARITY going to the Senate,&#8221; Sacks said, emphasizing that both bills have complete backing from President Donald Trump.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you to Senate Banking Committee Chair <a href="https://twitter.com/SenatorTimScott?ref_src=twsrc%5Etfw">@SenatorTimScott</a> and Digital Assets Subcommittee Chair <a href="https://twitter.com/SenLummis?ref_src=twsrc%5Etfw">@SenLummis</a> for announcing a clear timeline and plan for comprehensive crypto market structure legislation: &#x2705; Bill introduced before August recess &#x2705; Mark up first week of…
&mdash; David Sacks (@davidsacks47) <a href="https://twitter.com/davidsacks47/status/1938344533646872692?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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Sacks remarks followed a fireside chat between Lummis, Scott and Bo Hines, the&nbsp;executive director of the White House Council on Digital Assets, about the need to expedite the bill to establish a clear regulatory framework for the cryptocurrency industry and make things &#8220;welcoming&#8221; for innovators.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Had a productive &amp; delightful fireside chat with <a href="https://twitter.com/SenatorTimScott?ref_src=twsrc%5Etfw">@SenatorTimScott</a> and <a href="https://twitter.com/BoHines?ref_src=twsrc%5Etfw">@BoHines</a> this morning. Market structure legislation is crucial to positioning America as the leader in financial innovation, and making it a welcoming home for digital asset innovators. <a href="https://t.co/bprM9k7SbL">pic.twitter.com/bprM9k7SbL</a>
&mdash; Senator Cynthia Lummis (@SenLummis) <a href="https://twitter.com/SenLummis/status/1938381259501445503?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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</figure>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46087988/anthony-pompliano-says-companies-following-michael-saylors-playbook-may-have-raised-large-sums-but-they-arent-able-to-buy-bitcoin-yet-explains-why-procap-is-differ" target="_blank" rel="noreferrer noopener">Anthony Pompliano Says Companies Following Michael Saylor&#8217;s Playbook May Have Raised &#8216;Large Sums&#8217; But They Aren&#8217;t Able To Buy Bitcoin Yet, Explains Why ProCap Is Different</a>
Why It Matters: Lummis said earlier this month that pro-cryptocurrency senators are working <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45765425/cynthia-lummis-says-senators-are-gearing-up-to-introduce-landmark-legislation-for-digital-asset-oversight">on the market structure bill</a>. She confirmed that the Senate's version of the bill would closely mirror the House bill. 
The proposed legislation&nbsp;<a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead" target="_blank" rel="noreferrer noopener">aims to split&nbsp;cryptocurrency oversight</a>&nbsp;between the Securities&nbsp;and Exchange Commission and the Commodity&nbsp;Futures Trading Commission. Put simply, it will clearly define whether cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) are securities or commodities.
In a recent interview,&nbsp;<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46101110/bitcoin-senator-cynthia-lummis-lauds-white-houses-real-enthusiasm-for-crypto-legislation">Lummis expressed optimism</a>&nbsp;that the White House is actively supportive of passing major crypto legislation as soon as July. She pointed to the GENIUS Act, a stablecoin-focused bill passed by the Senate last week, as evidence of this momentum.
Photo Courtesy: sundaemorning on Shutterstock.com
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<li><a href="https://benzinga.com/crypto/25/06/46107772/tim-draper-says-this-will-be-the-fate-of-bitcoin-and-the-dollar-in-5-years-billionaire-highlights-apps-bui" target="_blank" rel="noreferrer noopener">Tim Draper Says This Will Be The Fate Of Bitcoin And The Dollar In 5 Years — Billionaire Highlights Apps Built On BTC That Matter</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>

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

Cryptocurrency

Politics

$BTC

$ETH

Trump's Crypto Advisor David Sacks Says July Will Be A 'Big Month' — Says President Supports Legislation On Market Structure And Stablecoins

Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) grocery chief, Jason Buechel, blasted the division's internal bureaucracy as "ridiculous" during a staff meeting last week, saying layers of approvals are stalling efforts to meld Whole Foods, Amazon Fresh and Amazon Go into one operation.
What Happened: Buechel, vice president of Amazon&#8217;s Worldwide Grocery division and CEO of Whole Foods, told employees last week that multiple levels of approval inside the unit are "ridiculous" and "actually holding back some of our initiatives."
"The feedback I've gotten from team members is that we're wasting time," he said, <a href="https://www.businessinsider.com/amazon-whole-foods-grocery-boss-slams-ridiculous-bureaucracy-2025-6">according</a> to Business Insider. "It's taking too long for decisions and approvals to take place."
Buechel said his team has already flagged slow-moving spending and transaction policies that differ between Whole Foods and Amazon Fresh and is streamlining them to ensure &#8220;administrative details" waste less time. The changes are part of "One Grocery," an initiative designed to fold Whole Foods, Amazon Fresh and Amazon Go under a single operating playbook.
See also: <a href="https://www.benzinga.com/personal-finance/management/25/06/46044155/our-grocery-bill-is-insane-why-even-budget-savvy-shoppers-are-struggling-at-walmart-now">&#8216;Our Grocery Bill Is Insane&#8217;—Why Even Budget-Savvy Shoppers Are Struggling at Walmart Now</a>
Cutting bureaucracy is also a company mandate from Chief Executive Andy Jassy, who has <a href="https://www.benzinga.com/news/23/04/31930513/amazons-whole-foods-prepares-for-organizational-revamp-to-let-go-of-fraction-of-employees">pared management layers</a> and urged workers to report needless rules.
Why It Matters: The shake-up comes with job losses. A state filing <a href="https://www.geekwire.com/2025/amazon-closes-fresh-grocery-store-south-of-seattle-state-filing-says-125-workers-impacted/">reported</a> by Geekwire shows Amazon eliminated 125 frontline roles after closing an Amazon Fresh store near Seattle this week. Amazon said affected employees can transfer to nearby locations.
Buechel called eliminating "overlapping work" his top priority for the year and hinted that some resources will "pivot" as plans solidify. He added that bringing Whole Foods staff under Amazon's pay and performance programs should create "a more consistent experience" across grocery teams.
Despite the turbulence, Amazon insists it is "more optimistic than ever" about the $800-billion grocery market. The Jeff Bezos-owned company continues to experiment with <a href="https://www.benzinga.com/news/25/01/42984924/amazon-rolls-out-a-new-supermarket-chain-in-a-bid-to-disrupt-the-grocery-business">new supermarket formats</a> even as it pares back cashier-less tech and trims payroll.
Price Action: Amazon shares were up 2.42% to close at $217.12 on Thursday. The stock's 52-week range lies between $242.52 and $151.61, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro data</a>.
Benzinga&#8217;s Edge Stock Rankings indicate Amazon has Momentum in the 44th percentile but Growth in the 97th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">How does it stack up</a> to other major grocery chain stocks, such as Kroger and Walmart?
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="154" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26232310/amzn-edge-1-1024x154.png" alt="" class="wp-image-964158" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26232310/amzn-edge-1-1024x154.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26232310/amzn-edge-1-300x45.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26232310/amzn-edge-1-768x115.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26232310/amzn-edge-1.png 1386w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Joni Hanebutt on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/earnings/25/06/46030486/grocery-giant-kroger-cfo-raises-identical-sales-outlook-but-maintains-caution-due-to-tariff-uncertainty">Grocery Giant Kroger CFO Raises Identical Sales Outlook, But Maintains Caution Due To Tariff Uncertainty</a>

Management

Amazon's Grocery Chief Blames 'Ridiculous' Red Tape For Holding Back Initiatives At Whole Foods: 'We're Wasting Time'

When one retiree left his job in last August and applied for Social Security at age 63 and 5 months, he thought he was doing everything by the book. In a <a href="https://www.reddit.com/r/SocialSecurity/comments/1ldts8b/what_dont_i_understand_here/">post on Reddit</a>, he shared that his first check came in September — but just a few months later, he was shocked to receive a letter stating he owed the Social Security Administration $9,648 due to overpayment.
The issue? His earnings for the year had already exceeded the annual limit for Social Security recipients under full retirement age.
Here's what went wrong — and what other soon-to-be retirees can learn from it.
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<h2 class="wp-block-heading">The Earnings Limit Before Full Retirement Age</h2>
If you begin collecting Social Security before reaching <a href="https://www.benzinga.com/personal-finance/25/03/44552100/i-have-no-doubt-theyre-going-to-raise-the-full-retirement-age-possibly-to-70-suze-orman-weighs-in-on-social-security-fears">full retirement age</a>, there are limits on how much you can earn from working without seeing your benefits reduced.
In 2024, the annual earnings limit was $22,320. If you earn more than that, the SSA withholds $1 for every $2 you earn above the limit.
The retiree in this case had earned about $48,500 before quitting his job in early August. That was well over the annual limit, which automatically triggered a full clawback of his 2024 benefits. Since his first four checks added up to $9,648, that entire amount was marked for recovery.
<h2 class="wp-block-heading">The One-Time Rule That Could Help</h2>
Many retirees don't realize there's a special rule for those who retire mid-year. This rule allows you to use a monthly earnings limit in your first year of retirement, instead of the full-year limit.
In 2024, the monthly limit was $1,860. That means if you earned less than $1,860 in a given month, you could still receive your full <a href="https://www.benzinga.com/personal-finance/25/05/45611852/social-security-set-to-make-history-by-crossing-2000-barrier-for-first-time-but-seniors-still-losing-ground-to-inflation">Social Security payment</a> for that month — even if your total earnings for the year were above the annual limit.
In this retiree's case, he earned only $900 from August through December — well under the monthly threshold. Under the special rule, he may still qualify to keep the benefits he received in those months.
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<h2 class="wp-block-heading">What to Do If This Happens to You</h2>
If you receive an overpayment notice and believe you qualify under the monthly earnings test, the SSA does allow certain months to be excluded from the annual earnings test. According to <a href="https://www.ssa.gov/faqs/en/questions/KA-01927.html">SSA guidelines</a>, these are months where your earnings were below the monthly threshold and you were considered retired.
To correct the record, the SSA recommends contacting them directly to report your earnings. You can do this:
<ul class="wp-block-list">
<li>By phone or online, to inform them of months when your earnings were below the monthly limit.</li>
<li>By requesting a waiver if repaying the full amount would cause financial hardship and you believe the overpayment wasn't your fault. This involves submitting <a href="https://www.ssa.gov/forms/ssa-632-bk.pdf">Form SSA-632-BK</a>.</li>
</ul>
One user on the Reddit post also suggested submitting a signed statement that includes their total earnings and identifies the specific months they believe should be counted as "non-work" months.&nbsp;
Keep in mind that different rules may apply if you were self-employed. The SSA generally considers more than 45 hours of work per month as substantial, even if your income was low — which could disqualify those months from being counted as "retired."
<h2 class="wp-block-heading">The Bottom Line</h2>
<a href="https://www.benzinga.com/25/05/45601283/social-security-checks-could-shrink-for-450000-retirees-as-government-resumes-seizing-benefits-over-student-loan-defaults">Social Security rules</a> can be confusing — especially when it comes to working while collecting benefits. If you're planning to retire mid-year, it's important to understand the special earnings limit rule and how to report your income correctly.
By planning ahead and notifying the SSA about your work and earnings, you may be able to avoid unexpected overpayment notices — and keep more of your benefits in your pocket.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

'I Thought I Could Still Work A Little': Retiree Hit With Surprise $9,648 Social Security Overpayment Notice

NBA great Larry Bird once hesitated to <a href="https://www.bostonglobe.com/2021/11/09/magazine/time-larry-bird-hustled-me-out-160-other-celtics-stories/">spending</a> $60,000 on a Mercedes even after earning roughly $20 million during his Boston Celtics days.&nbsp;
The frugal stance—quietly delivered four decades ago—has returned to the spotlight, sparking fresh debates about how modern superstars juggle wealth and values.
<h2 class="wp-block-heading">Frugality Flashback Still Resonates</h2>
"I can't see putting $50,000 or $60,000 into a car when our house was worth $10,000," Bird said, contrasting his small-town upbringing with NBA paychecks that, even then, dwarfed the median U.S. salary.
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<a href="https://hoopshype.com/player/larry-bird/salary/">HoopsHype</a> lists Bird's career on-court earnings at just over $24 million—solid money for the 1980s and early '90s, yet a rounding error next to today's contracts.&nbsp;
Data compiled by<a href="https://www.si.com/nba/whats-average-nba-salary-for-2024-25-season"> Sports Illustrated</a> show that the average NBA salary for the upcoming season is $11.9 million, a jump of 22 % since 2020 and nearly 600 times the price of Bird's childhood home.
Context matters. When Bird made his anti-luxury comment in 1985, the NBA salary cap stood at $3.6 million, and only Magic Johnson had cracked the $10 million mark.&nbsp;
Fast-forward to today: five players will earn over $50 million this season, Stephen Curry will take home $55.76 million, and the league projects its television deal to top $70 billion over 11 years. Against that backdrop, Bird's stance feels almost quaint—and perhaps instructive.
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Yet Bird's mindset remains consistent with research into millionaire habits. According to a Rich Habits <a href="https://richhabits.net/92-of-self-made-millionaires-do-not-own-a-luxury-automobile/">study</a>, 92% of self-made millionaires do not own luxury automobiles, and 55% purchase used cars—suggesting a preference for financial prudence over flashy spending.
Modern players occasionally channel that prudence. According to <a href="https://www.marketwatch.com/story/lakers-guard-austin-reaves-reveals-the-money-advice-he-got-from-will-ferrell-and-whether-lebron-james-is-actually-cheap-b0154fd8">MarketWatch</a>, Lakers guard Austin Reaves—who lived frugally on team-provided resources before signing a four-year, $54 million deal—says he's "not a big spender," avoiding new cars or houses and focusing on financial stability for his family, having taken to heart advice from actor Will Ferrell to <a href="https://www.benzinga.com/personal-finance/management/25/06/45949470/bail-yourself-out-warns-robert-kiyosaki-says-the-2025-crisis-could-be-worse-than-2008-and-savers-are-losers-in-this-economy">save</a> diligently. His anecdotes suggest Bird's philosophy hasn't vanished—it's just harder to spot amid sneaker deals and private-jet selfies.
"All my donations are sort of made under the table. I don't need the publicity — I'm not doing it for publicity," Bird said at the 2014 Indianapolis Pacers' Masquerade, according to <a href="https://www.indianapolismonthly.com/arts-and-culture/sports/larry-bird-masquerade-donations/">Indianapolis Monthly</a>, underscoring his reluctance to seek the limelight.
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Larry Bird Made $20 Million In The NBA — But Wouldn't Spend $60,000 On A Mercedes

Grant Cardone isn&#8217;t new to bold financial advice, but his latest take might be his most extreme yet. In a recent <a href="https://x.com/GrantCardone/status/1936489496784031951">post on X</a>, the real estate investor and author wrote: &#8220;80/20 rule: invest 80%, live on 20. It&#8217;ll be the hardest and best thing you&#8217;ve ever done, almost guaranteeing financial freedom &amp; generational wealth.&#8221;
<h2 class="wp-block-heading">Could 80/20 Be The New 50/30/20?</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f451;80/20 rule: invest 80% live on 20. It'll be the hardest and best thing you've ever done, almost guaranteeing financial freedom &amp; generational wealth. 10XWealthPlan
&mdash; Grant Cardone (@GrantCardone) <a href="https://twitter.com/GrantCardone/status/1936489496784031951?ref_src=twsrc%5Etfw">June 21, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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Cardone&#8217;s version of the 80/20 rule is radically different from the more familiar <a href="https://www.benzinga.com/money/what-is-the-50-30-20">budgeting strategy</a> that splits income into 50% for needs, 30% for wants, and 20% for savings. That traditional method is designed to help people cover essentials, enjoy life, and put aside money for the future.
Cardone, on the other hand, flips that approach on its head. By recommending that people live on just 20% of their income and invest the remaining 80%, he argues that this level of discipline can be life-changing.&nbsp;
Still, for most people, especially those who live in expensive cities or have regular bills like childcare and loan payments, trying to live on just 20% of their income just doesn't work. Rent, health costs, commuting, and groceries can <a href="https://www.benzinga.com/personal-finance/management/25/06/46043948/no-one-warned-millennials-that-being-single-could-be-so-expensive-its-becoming-one-of">easily take up most of a paycheck</a>.&nbsp;
Unless someone earns far more than they spend, adopting this approach would require drastic lifestyle changes that many simply can&#8217;t afford.
Trending: This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, with minimum investments as low as $100</a>.
<h2 class="wp-block-heading">Focus Over Friction</h2>
This isn&#8217;t the first time Cardone has referenced an 80/20 rule. In April, he <a href="https://x.com/GrantCardone/status/1912968415322714406">posted on X</a>, &#8220;You can do anything as long as you don&#8217;t try to do everything.&#8221; The point? Focus your energy on the few efforts that create the biggest results. This idea ties into the original <a href="https://www.benzinga.com/personal-finance/25/04/44994956/grant-cardone-shares-a-secret-you-can-use-to-accomplish-big-goals-you-can-do-anything-as-long-as-you-dont-try-to-do-everything">Pareto principle</a>, which says that 80% of outcomes come from just 20% of actions.
Saying yes to one thing usually means giving up the chance to do something else. So Cardone encourages people to cut out low-impact tasks and focus only on what drives major results.
<h2 class="wp-block-heading">Is Cardone&#8217;s 80/20 Rule Realistic?</h2>
To be fair, living on just 20% of your income isn't realistic for everyone. With rent, food, and other everyday costs getting more expensive, the <a href="https://www.benzinga.com/money/how-to-create-a-budget">50/30/20 rule</a> works better for a lot of people. It helps you pay for what you need, enjoy some extras, and still put money toward savings or paying off debt.
But Cardone&#8217;s message is meant to push limits, not comfort zones. He&#8217;s not promising an easy path. He&#8217;s saying that <a href="https://www.benzinga.com/personal-finance/25/01/42771996/this-is-unhinged-a-reddit-user-asks-others-for-extreme-acts-of-frugality-they-witnessed-and-the-replies-are-shockingly-entertaining">extreme discipline</a> can result in extreme outcomes: financial freedom and long-term wealth.
&#8220;Focus is power,&#8221; one commenter replied to his X post. And that pretty much sums up the mindset Cardone promotes across all his financial advice.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Image: Shutterstock

Grant Cardone Says 'Invest 80% Live On 20.' Calls It The Hardest And Best Thing—'Almost Guaranteeing Financial Freedom, Generational Wealth'

China is accelerating its move away from U.S. dollar-denominated assets, with the share of U.S. Treasuries and the Dollar in the country&#8217;s reserves reaching its lowest levels in over a decade. 
What Happened: On Thursday, The Kobeissi Letter, in a post on X, captured this dramatic shift, which began back in 2016 and has accelerated substantially in recent years.
&#8220;The share of US Treasury Holdings in total Chinese FX reserves has declined by 15 percentage points since 2016,&#8221; it says, with a chart highlighting the same. At the same time, its allocation to gold has risen nearly five percentage points to a record 6.8%, essentially doubling since 2022.
See Also: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46043344/why-are-central-banks-still-stockpiling-gold">Why Are Central Banks Still Stockpiling Gold?</a>
During this period, the People&#8217;s Bank of China has acquired 200 tonnes of gold in an effort to boost its hard assets, while <a href="https://www.benzinga.com/22/03/26149100/betting-against-bonds-our-freezing-of-russias-dollar-assets-will-likely-drive-china-away-from-u-s-tr">becoming less vulnerable</a> to Western sanctions and the dollar-based financial infrastructure.
The chart highlights an acceleration in the trend beginning in early 2022, when Western powers froze <a href="https://www.benzinga.com/news/24/02/37355108/russia-warns-of-eroding-trust-in-dollar-euro-over-potential-asset-seizure-to-aid-ukraine-the-reliabi">nearly $300 billion</a> worth of Russian assets following its invasion of Ukraine.
&#8220;Gold is more desired than ever,&#8221; the post concludes, capturing the growing global interest in the metal as a store of value amid economic uncertainty, persistent inflation, and sovereign risk.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">China is diversifying its currency reserves out of the US Dollar: The share of US Treasury Holdings in total Chinese FX reserves has declined by ~15 percentage points since 2016, to ~22%, near the lowest in at least 15 years. Over the same period, gold&#39;s share has risen ~5… <a href="https://t.co/uFa5bQTucg">pic.twitter.com/uFa5bQTucg</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1938277830141288618?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: China&#8217;s gold imports <a href="https://www.benzinga.com/markets/commodities/25/05/45617358/gold-demand-holds-firm-as-dollar-confidence-wavers">surged 73% year-over-year</a> in April 2025, after the People&#8217;s Bank eased restrictions on imports, to cater to the growing retail and institutional demand.
Analyst Rick Rule of Rule Investment Media attributes this to the absolute erosion of the dollar&#8217;s purchasing power. He says, &#8220;In the next 10 years, the U.S. dollar will lose about 75% of its purchasing power,&#8221; while adding that &#8220;It will do relatively well relative to other currencies, but it won't do well in the absolute sense.&#8221;
Harvard economist Kenneth Rogoff recently commented on the <a href="https://www.benzinga.com/real-estate/25/06/46115111/americans-are-not-prepared-says-harvard-economist-about-chinas-de-dollarization-interest-rates-are-going-to-be-higher-for-a-very-very-long-time">consequences of this trend</a>, saying that &#8220;Americans are not prepared&#8221; for the fiscal and monetary strain that de-dollarization is set to create going forward.
&#8220;I think real interest rates are going to be higher for a very, very long time,&#8221; Rogoff said. &#8220;That era of low interest rates is over.&#8221;
Price Action: The U.S. Dollar Index (DXY) just hit its lowest level since February 2022, trading at 97.298 against a basket of other currencies. 
This comes <a href="https://www.benzinga.com/news/25/06/46115346/trump-powell-fed-chairman-odds-dollar">amid growing concerns</a> of President Donald Trump appointing a &#8220;shadow chair&#8221; for the Fed well before Jerome Powell&#8217;s term ends in 2026. Since Trump took office in January, the index is down steeply, by 11%, dropping from 109.35.
Meanwhile, Gold spot prices are down 0.39%, trading at $3,318.12/oz at the time of writing this.
Photo Courtesy: Miha Creative on Shutterstock.com
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</ul>

Government

Commodities

Federal Reserve

Trump Appointing A 'Shadow Chair' At The Fed Has Put Dollar Under Pressure, Meanwhile China Is Dumping The Greenback And Hoarding Gold

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) subsidiary Ring has introduced a new feature, Video Descriptions, powered by Gen AI, to enhance home security.
What Happened: The new feature, Video Descriptions, utilizes generative AI (Gen AI) to provide detailed alerts, distinguishing between urgent and everyday activities at a glance. This feature is currently available in beta for Ring Home Premium subscribers in the U.S. and Canada, according to an official announcement on Thursday.
Ring&#8217;s founder, Jamie Siminoff, stated that the company is leveraging the potential of Gen AI to shift more of the home security responsibility to Ring&#8217;s AI. Jamie further said, "Simultaneously, we will be adding custom anomaly alerts, which generate alerts only when something happens on your property that is an anomaly to your property.&#8221;
See Also: <a href="https://benzinga.com/news/24/09/40865004/onlyfans-beats-apple-google-netflix-and-other-big-tech-companies-in-revenue-per-employee-heres-the-d">OnlyFans Beats Apple, Google, Netflix, And Other Big Tech Companies In Revenue Per Employee: Here&#8217;s The Down Low &#8211; Benzinga</a>
Once enabled, the Video Descriptions feature will provide text descriptions of the motion activity captured by Ring doorbells and cameras, offering real-time details of the events. The descriptions are designed to be concise, allowing users to quickly determine if the activity requires their attention.
Ring also plans to combine multiple motion activities into a single alert and generate alerts only when something unusual happens on the user&#8217;s property.
Video Descriptions is currently being rolled out in beta to Ring Home Premium subscribers in the U.S. and Canada and can be enabled through the Ring app. The feature is compatible with all currently available Ring <a href="https://www.benzinga.com/24/12/42666738/how-apples-upcoming-smart-doorbell-compares-to-amazons-ring">doorbells</a> and cameras.
Why It Matters: The integration of AI in home security systems is becoming increasingly common. In June, <a href="https://www.benzinga.com/markets/tech/25/06/45739990/microsoft-brings-openais-sora-to-the-masses-with-free-ai-video-generator-in-bing-app-after-googles-veo-3-wowed-the-internet-heres-what-you-can-and-cant-do">Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</a> integrated OpenAI&#8217;s Sora model into its Bing app, allowing users to generate videos from text for free. This move by Ring further solidifies the trend of <a href="https://www.benzinga.com/media/25/01/42838001/amazons-ring-introduces-smart-smoke-alarms-at-ces-2025-boosting-home-security-with-pro-monitoring-features">AI-powered home security solutions</a>.
Price Action: On Thursday, Amazon (AMZN) closed at $217.12, up by 2.42% on the day. In after-hours trading, the stock rose slightly to $218.18, representing a 0.49% gain.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="967" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26224611/image-419.png" alt="" class="wp-image-964130" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26224611/image-419.png 967w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26224611/image-419-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26224611/image-419-768x113.png 768w" sizes="(max-width: 967px) 100vw, 967px" /></figure>
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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: Markus Mainka / Shutterstock.com

 MSFT

Amazon's Ring Launches AI-Powered Video Descriptions To Enhance Home Security

Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates has once again <a href="https://www.benzinga.com/25/03/44392153/bill-gates-cautions-trump-administration-his-foundation-cannot-bridge-global-health-funding-gaps-amid-usaid-cuts-reports">expressed his concerns</a> about the impact of continued U.S. cuts to global health aid, warning that these reductions could lead to an additional 8 million child deaths by 2040, citing a study.
What Happened: Sharing his Gates notes on X, formerly Twitter, Gates said he has worked in global health for over 25 years. &#8220;At this point, I know as much about improving health in poor countries as I do about software.&#8221;
He then highlighted concerns about the consequences of slashed funding for health initiatives. &#8220;So when the United States and other governments suddenly cut their aid budgets the way they&#8217;ve been doing, I know for a fact that more children will die.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage&#8217; As China&#8217;s Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a>
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When the United States and other governments suddenly cut their aid budgets, I know for a fact that more children will die. Here's the proof I'm showing Congress. <a href="https://t.co/Oa05MTyDoU">https://t.co/Oa05MTyDoU</a>
&mdash; Bill Gates (@BillGates) <a href="https://twitter.com/BillGates/status/1937902974996738233?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote>
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</figure>
He cited a Lancet <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5199076&amp;fbclid=IwY2xjawK33KhleHRuA2FlbQIxMQBicmlkETE4TExZd3ZHNFpSUXRsbXkwAR76ORhFayZzhN0m_kImLiBmaZ1BDAmshvRZvOqCucONgp5jVE5MRtFR9ZMM8A_aem_Zec5BpVMaTbVz-fsnnahgA">study</a> examining the long-term effects of reduced U.S. foreign aid projects that by 2040, an additional 8 million children could die before reaching age five.
Gates noted that the cuts are already being felt, with critical programs like tuberculosis detection and malaria prevention stalling and life-saving medication being delayed.
He also shared personal stories from his recent visits to Nigeria and Ethiopia, where he witnessed firsthand how the cuts to U.S. aid have disrupted local healthcare systems.
Despite these setbacks, Gates remains optimistic. &#8220;It's not too late to change course,&#8221; he said on Thursday, urging Congress to restore funding to vital programs like PEPFAR (the U.S. President&#8217;s Emergency Plan for AIDS Relief) and the Global Fund.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s not too late to change course. <a href="https://t.co/w4vD15se6I">https://t.co/w4vD15se6I</a>
&mdash; Bill Gates (@BillGates) <a href="https://twitter.com/BillGates/status/1938368126372253782?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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Earlier this month, Gates, Chair of the Gates Foundation, pledged to direct most of the foundation's planned <a href="https://www.benzinga.com/news/esg/25/06/45739698/bill-gates-commits-majority-of-200-billion-foundation-budget-to-africa-over-next-20-years-amid-trumps-massive-usaid-cuts">$200 billion investment</a> over the next 20 years toward Africa.
He <a href="https://www.benzinga.com/markets/25/05/45286464/bill-gates-commits-99-of-his-remaining-fortune-to-gates-foundation-set-to-wind-down-in-20-years-somebody-should-give-more-money-than-i-did">has also criticized</a> Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk and Trump for backing abrupt cuts to USAID funding, warning that such actions could lead to the expiration of vital food and medicines and trigger a resurgence of diseases like measles, HIV and polio, particularly harming the world's poorest children.
Why It's Important: On Thursday, The Guardian <a href="https://www.theguardian.com/us-news/2025/jun/26/cancer-research-trump-nci-cuts-plan">reported</a> that experts and former officials warn that the Donald Trump administration's proposed 2026 budget, which slashes nearly $2.7 billion—or 37%—from the National Cancer Institute, could lead to more patient deaths by severely undermining cancer research efforts.
Last month, House Republicans proposed at least $880 billion in Medicaid reductions as the <a href="https://www.benzinga.com/general/health-care/25/05/45344596/house-republicans-push-880-billion-medicaid-cuts-to-renew-trump-tax-breaks-democrat-warns-millions-will-lose-their-health-care">primary cost-saving measure</a> to support Trump's $4.5 trillion tax break extension.
A <a href="https://www.benzinga.com/news/25/05/45307739/over-5-million-americans-risk-losing-health-coverage-by-2034-amid-proposed-gop-medicaid-cuts-cbo-fin">May analysis by the</a> Congressional Budget Office found that Republican proposals to cut Medicaid funding—aimed at supporting President Trump's tax and policy agenda—could lead to 2.3 to 8.6 million Americans losing coverage, with millions left uninsured by 2034 under various cost-saving scenarios.
Photo courtesy: Alexandros Michailidis / Shutterstock.com
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Health Care

TSLA

Bill Gates Says He Knows For A 'Fact' That More Children Will Die Due To US Health Aid Cuts And He's Taking The 'Proof' To Congress

Leading cryptocurrencies moved sideways Thursday while stocks rallied after the White House signaled that the July tariff deal deadline could be extended.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:30 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>-0.24%</td>
<td>$106,998.37</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>-0.16%</td>
<td>$2,421.21</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>-3.06%</td>
<td>$0.1606</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin oscillated between the high $106,000s and the low $108,000s as trading volume plunged 14% over the last 24 hours.
Ethereum spiked above $2,500 but reversed trajectory soon, sliding below $2,400 overnight.
Despite a slow June, the two market heavyweights have enjoyed a profitable second quarter as of this writing, with Bitcoin up 29.36% and Ethereum up 32.62%.
More than $232 million was liquidated from the cryptocurrency market in the last 24 hours, with about $145 million in bullish longs erased
Bitcoin&#8217;s open interest slid 1.33% in the last 24 hours, even as the majority of Binance traders with open BTC positions remained short.
The "Greed" sentiment prevailed, 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 9:30 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>DeXe (DEXE)</td>
<td>+8.11%</td>
<td>$8.91</td>
</tr>
<tr>
<td>Bitget Token (BGB)&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.45%</td>
<td>$4.64</td>
</tr>
<tr>
<td>Aptos (APT)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+2.78%</td>
<td>$4.95 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.27 trillion, following a modest decline of 0.67% in the last 24 hours.
Stocks closed higher on Thursday. The Dow Jones Industrial Average climbed 404.41 points, or 0.94%, to end at 43,386.84. The S&amp;P 500 ascended 0.8% to close the session at 6,141.02, within touching distance of its all-time closing high. The tech-focused Nasdaq Composite added 0.97% to end at 20,167.91.
White House spokesperson Karoline Leavitt <a href="https://www.youtube.com/live/NKl2dpLylK0?feature=shared">told </a>reporters that the <a href="https://www.benzinga.com/25/05/45603240/trump-agrees-to-extend-50-tariffs-on-europe-until-july-9-it-was-my-privilege-to-do-so">July 9 tariff deal deadline</a> is "not critical" and that it could be extended, but that&#8217;s a decision for President Donald Trump to make.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst and trader Ali Martinez noticed Bitcoin's range-bound movement and projected the "next major move" after a close outside the $106,900–$108,200 zone.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is ranging, and the next major move will come with a close outside the $106,900–$108,200 zone. <a href="https://t.co/O96zrFOOX6">pic.twitter.com/O96zrFOOX6</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1938282631545700723?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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</figure>
According to blockchain analytics firm Santiment, the number of wallets holding at least 10 BTC jumped to its highest level since mid-March, signaling high institutional interest.
"As markets have been volatile, smart money has accumulated on most retail panic sell cycles," Santiment added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f433; The amount of whale &amp; shark wallets holding at least 10 Bitcoin (currently a bit over $1.07M) is back to its highest amount since March 12th. As markets have been volatile, smart money has accumulated on most retail panic sell cycles. &#x1f517; Track it here: <a href="https://t.co/C2NSCk8Hwc">https://t.co/C2NSCk8Hwc</a> <a href="https://t.co/SaC5yBNjot">pic.twitter.com/SaC5yBNjot</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1938348472874172717?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo: Antonio Gravante On Shutterstock.com
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$DOGE

Bitcoin, Ethereum Rangebound, Dogecoin Dips Amid Potential July Tariff Deadline Extension: Analyst Predicts BTC's 'Next Big Move' Once It Breaks Out Of This Range

Protesters gathered worldwide on June 14 for the <a href="https://www.benzinga.com/news/politics/25/06/45916986/walmart-heiress-takes-on-trump-with-no-kings-ad-white-house-calls-it-burning-some-of-her-inheritance-for-a-pr-stunt">"No Kings Day" demonstration</a> — an event focused on rejecting authoritarianism and celebrating democratic values. The protests made headlines not just for its message, but for its participants: a large contingent of Baby Boomers, many draped in U.S flags and holding signs like "I &#x2764;&#xFE0F; THE CONSTITUTION."
These images prompted commentary from journalists and public figures alike. One <a href="https://x.com/njhochman/status/1933999681656283279">post on X</a> came from journalist Nate Hochman, who described the older protestors' patriotism as fundamentally different from that of younger generations.&nbsp;
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"For the aging former flower children at these protests today," Hochman wrote, "America is basically good, and Trump is bad because he opposes the things that make America good."
Mark Cuban, entrepreneur and investor, <a href="https://x.com/mcuban/status/1934295785698406867">responded</a> by listing eight major reasons why Boomers see the world differently — and used the moment to call for unity in a divided nation.
<h2 class="wp-block-heading">Cuban's Take: Boomers Are Shaped by Shared National Trauma</h2>
According to Cuban, understanding Boomer perspectives means understanding the turbulent history they lived through — much of it before even graduating high school. He outlined eight defining forces that shaped their worldview:
<ol class="wp-block-list">
<li>Family Roots in Hardship: Many Boomers' grandparents fled dangerous regimes in the "old country." These stories of escape and survival were passed down as warnings.</li>
<li>War Experiences Close to Home: With parents who served in WWII and the Korean War, and peers drafted into Vietnam, Boomers grew up hearing — and feeling — the cost of war.</li>
<li>Cold War Fear: The threat of nuclear attack was ever-present. Duck-and-cover drills and Cold War paranoia left lasting impressions.</li>
<li>Civil Rights Struggles: Boomers witnessed the fight for racial equality unfold in real time, including marches, riots, and assassinations.</li>
<li>Political Violence: The killings of Martin Luther King Jr., John F. Kennedy, and Robert F. Kennedy marked their formative years.</li>
<li>Student Activism and Repression: <a href="https://www.benzinga.com/news/politics/25/06/45938132/us-marines-detain-civilian-in-los-angeles-amid-immigration-protests-first-known-incident-of-its-kind-report">Protests</a> against the Vietnam War, civil unrest, and clashes with authorities left many skeptical of unchecked power.</li>
<li>Presidential Resignation: The Watergate scandal and Nixon's resignation showed how even top leaders could be held accountable.</li>
<li>The Great Depression's Echo: Many Boomers were raised by parents or grandparents who had lost everything. That history of economic survival shaped their values of hard work and stability.</li>
</ol>
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<h2 class="wp-block-heading">"Of Course Our Perceptions Will Be Different"</h2>
<a href="https://www.benzinga.com/news/politics/25/06/46042114/heres-why-mark-cuban-declined-to-be-considered-for-kamala-harris-vp">Cuban</a> emphasized that Boomers aren't better or worse than younger generations — just differently shaped. "Each successive generation saw technology make each of our experiences a little bit more individualized," he wrote. "Today, we all have our own algorithm feeding us what monetizes us the best."
With that personalization comes fragmented perspectives — and fewer shared stories like the ones that unified the Boomer generation.
<h2 class="wp-block-heading">A Call for Leadership That Unites, Not Divides</h2>
Rather than dwell on these differences, Cuban ended with a plea for national unity. "That's why this country truly needs leaders who want to bring us together as a country," he wrote — leaders who aren't motivated by party loyalty, personal gain, or power, but by a deep commitment to the American people.
"Our President is the one thing we all have in common," Cuban added. His message: if we want to move forward, we'll need someone who can reach across generational lines — and bring all Americans to the same table.
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Mark Cuban Lists 8 Reasons Boomers See The World Differently — And Says It's Time For A Leader Who Unites Us

The S&amp;P 500 index soared to record highs on Thursday, marking a significant recovery from the steep selloff experienced just a few months ago. The market rebound is driven by easing trade tensions, robust corporate earnings, and receding recession fears. 
For the day, the S&amp;P 500 rose 0.8% to 6,141.02, the Nasdaq gained nearly 1% to 20,167.91 and the Dow Jones Industrial Average spiked 0.9% to 43,386.84.
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 shares rose 20.58% to $5.80, with an intraday high and low of $5.89 and $4.83. The 52-week high and low stand at $10.36 and $1.17. The company&#8217;s <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46096793/bigbear-ai-bbai-stock-falls-after-25-rally-whats-going-on">recent strategic wins</a>, including major Department of Defense contracts and the launch of its biometric ID software in major airports, have sparked investor interest.
Nike Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>)
Nike shares rose 2.81% to close at $62.54 after the company reported better-than-expected fourth-quarter earnings. The stock traded between $62.73 and $60.82, with a 52-week range of $94.74 and $52.28. In the after-hours trading, the shares shot up nearly 11% to $69.25. Nike&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/06/46128469/nike-q4-earnings-revenue-beat-eps-beat-headwinds-expected-to-moderate-moving-forward-company">fourth-quarter revenue</a> of $11.1 billion and earnings of 14 cents per share both exceeded analyst estimates. 
See Also:&nbsp;<a href="https://benzinga.com/markets/options/24/04/38056445/banking-on-wall-street-wisdom-157-profits-in-2-weeks" target="_blank" rel="noreferrer noopener">Banking on Wall Street Wisdom: 157% Profits in 2 Weeks! &#8211; Benzinga</a>
Core Scientific Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>)
Core Scientific&#8217;s stock surged 33.01% to close at $16.36 following reports of <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46122921/core-scientific-stock-surges-on-acquisition-reports-with-coreweave">potential acquisition talks</a> with CoreWeave. The stock&#8217;s intraday high and low were $16.89 and $11.82, with a 52-week range of $18.63 and $6.21. CoreWeave previously made an attempt to acquire Core Scientific nearly a year ago, but it was unsuccessful. At that time CoreWeave had offered $5.75 per share, but the bid did not materialize into an acquisition.
Cyngn Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>)
Cyngn shares skyrocketed 171.46% to close at $13.60 after the company announced a <a href="https://www.benzinga.com/markets/tech/25/06/46116924/cyngn-stock-soars-135-after-partnering-with-nvidia-to-showcase-autonomous-industrial-vehicles">partnership with Nvidia</a> to showcase its autonomous industrial vehicles. The stock traded between $41.54 and $11.33, with a 52-week range of $1600.19 and $3.62. 
Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon shares rose 2.42% to close at $217.12. The stock&#8217;s intraday high and low were $218.04 and $212.01, with a 52-week range of $242.52 and $151.61. Despite a 3% decline year-to-date, JPMorgan sees a <a href="https://www.benzinga.com/markets/tech/25/06/46100363/prime-time-for-amazon-jpmorgan-says-your-139-could-be-worth-1430">potential 13% climb</a> from current levels, driven by the company&#8217;s &#8220;best idea&#8221;: Prime. 
Benzinga's Edge Stock Rankings indicate Amazon has Momentum in the 44th percentile but Growth in the 97th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">How does it compare</a> against other big tech stocks like Meta Platforms?
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="283" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26220308/Screenshot-2025-06-27-at-11.02.53.png" alt="" class="wp-image-964091" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26220308/Screenshot-2025-06-27-at-11.02.53.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26220308/Screenshot-2025-06-27-at-11.02.53-300x192.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Photo Courtesy: Nokwan007 on Shuttertsock.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>

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BigBear.Ai, Nike, Core Scientific, Cyngn, And Amazon: Why These 5 Stocks Are On Investors' Radars Today

Having your card declined is awkward. But having it declined at the end of a full restaurant meal — while your server stands there, waiting — takes it to another level. And when that server reacts with visible attitude? Now you're paying with your dignity, not your card.
That's exactly what one Redditor claimed happened during a dinner date with his wife. In a <a href="https://www.reddit.com/r/AITAH/s/rioKuISBgH">now-viral post titled "AITAH for tipping 83¢?"</a> he laid it out: his card was flagged for fraud and declined by the bank, the waitress got snippy, and instead of her usual 30% tip, she got a sharp 83 cents.
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The waitress, according to the man, slapped the card on the table and said only one word: "Declined." When he offered a second card, she just stood there, silent. So he asked: "You okay?" That's when she reportedly snapped back: "If I go back and try to run this, are you still going to be sitting here when I get back?"
He responded by asking if she thought her tone was appropriate. Her reply? "You're only a customer if you pay." At that point, he asked to speak to the manager — but she never brought one over.
Eventually, the second card went through. She returned, apologized, and handed him the receipt.
Instead of tipping the $28.83 he said he would have left for good service, he wrote in $0.83 — a signal, not a service fee.
"You're really not going to tip me?" she asked.
"No," he replied. "You were rude to me."
The waitress then pulled the sympathy card: "I have to tip out the bartender and the busboy. I just paid money to serve you."
His response? "Well, in the future you shouldn't be so rude."
His wife, meanwhile, wasn't on board. She argued it was likely a misunderstanding and told him he <a href="https://www.benzinga.com/news/25/01/43236358/tipping-culture-cracking-gratuities-drop-to-a-six-year-low-as-rising-prices-and-overwhelming-gratuity-prompts-turn-customers-away">should've left at least $10</a> out of courtesy.
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But Reddit? Reddit came to his defense — hard.
"Your waitress <a href="https://www.benzinga.com/25/05/45589413/shaquille-o-neal-says-a-young-waitress-once-asked-him-for-a-4000-tip-to-pay-her-rent-for-two-months-and-he-said-ok-no-problem">earned every penny of that tip</a>!" one user wrote.
"I wouldn't have tipped 83 cents. NTA," another added.
Even ex-servers jumped in:
"Former server here — I always tip 20% unless they're rude. You can mess up, be slammed, and I'll understand. But don't take it out on me."
Another commenter put it bluntly:
"She f—ed around and found out."
Several former waitstaff said they handled declined cards with grace — especially since it's often due to tech issues or fraud flags, not intentional dodging. One even shared:
"I waited tables for years and never once embarrassed someone over a declined card. That's not how you treat people."
And yet, in a sea of Not the A&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;&#x2A;,&#x2A; there was a rare outlier — a hairstylist who admitted they understood the waitress's reaction and suggested maybe a partial tip was still fair:
"I wouldn't have tipped well, but I wouldn't have tipped 83 cents either… Tip at least <a href="https://www.benzinga.com/money/are-you-rich">enough for them to break even</a>, maybe $5–10. But still, I may just be biased."
The comment struck a nerve — and it showed. It was the only one buried with 28 downvotes.
The court of public opinion was clear. He didn't want to pay to be insulted, and Reddit agreed he shouldn't have.
For the record, servers are <a href="https://www.dol.gov/general/topic/wages/wagestips">legally supposed to earn at least minimum wage</a> once tips are factored in — but whether that actually happens depends on the state and the employer. So yes, while tipping isn't technically mandatory, it is how most servers survive — and choosing that job means relying on the kindness (and mood) of strangers.
Then again, kindness works both ways. And sometimes, a little respect might be worth more than 83 cents.
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'I Don't Want to Pay to Be Insulted' — Man Tipped Rude Waitress $0.83, But Wife Says He Still Should've Left $10. Now He's Asking Who Was Right

On Thursday, Cathie Wood-led Ark Invest made notable trades, including the sale of shares in Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>). These trades come amid significant developments for both companies, with Coinbase receiving a price target boost and Block&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategy coming into focus.
The Coinbase Trade
Ark Invest&#8217;s flagship fund, ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>), sold 33,363 shares of Coinbase. This move comes as Coinbase&#8217;s stock has been trending on social media, following the announcement of its upcoming launch of U.S. <a href="https://www.benzinga.com/trading-ideas/movers/25/06/46123211/whats-going-on-with-coinbase-global-stock-thursday">Perpetual-Style Futures on its derivatives exchange</a>. This new offering is set to begin on July 21, marking a significant step for the company in the U.S. market. Additionally, Bernstein analysts <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46112072/coinbase-is-the-amazon-of-crypto-services-price-target-boosted-to-510-bernstein">recently raised their price target</a> for Coinbase to $510, citing the company&#8217;s growing derivatives business and non-trading revenue streams. 
The sale of these shares by Ark Invest is valued at approximately $12.32 million, based on the latest closing price of $369.21.
The Block Trade
In another significant move, Ark Invest sold 189,649 shares of the Jack Dorsey-led company through its ARKK fund. This transaction aligns with previous actions by Ark Invest, which has been <a href="https://www.benzinga.com/25/05/45579194/cathie-wood-dumps-block-shares-as-bitcoin-hits-fresh-all-time-high-buys-baidu-amid-robot-car-buzz">reducing its stake</a> in Block amid fluctuations in the cryptocurrency market. 
Recently, Dorsey reiterated the company&#8217;s commitment to a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45763806/jack-dorsey-touts-bitcoin-only-cash-app-says-blocks-wallet-improving-rapidly">Bitcoin-only strategy for its Cash App</a>. This approach has been a focal point for Block, as it continues to enhance its digital wallet services. Bitcoin, the world&#8217;s largest cryptocurrency by market capitalization, has shot up nearly 26% in the past 90 days. Over the last 24 hours, it was seen trading 0.2% lower at $107,035.37.
The sale of Block shares by Ark Invest is valued at approximately $12.34 million, based on the latest closing price of $65.11.
Other Key Trades:
<ul class="wp-block-list">
<li>Ark Invest&#8217;s ARKK fund sold 182,528 shares of Roblox Corp. (RBLX).</li>
<li>ARKQ fund sold 20,076 shares of Cameco Corp. (CCJ).</li>
<li>ARKQ fund sold 1,413 shares of Elbit Systems Ltd. (ESLT) and 287 shares from ARKX.</li>
<li>ARKX fund sold 707 shares of Lockheed Martin Corp. (LMT).</li>
</ul>
Benzinga&#8217;s Edge Stock Rankings indicate Coinbase checks out on Short, Medium and Long Price Trends. How does the Jack Dorsey-led Block <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">compare</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="444" height="281" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26211605/Screenshot-2025-06-27-at-10.15.46.png" alt="" class="wp-image-964062" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26211605/Screenshot-2025-06-27-at-10.15.46.png 444w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/26211605/Screenshot-2025-06-27-at-10.15.46-300x190.png 300w" sizes="(max-width: 444px) 100vw, 444px" /></a></figure>
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Photo Courtesy: viewimage on Shutterstock.com
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>

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Cathie Wood's Thursday Crypto Moves: Ark Unloads Nearly $25 Million In Coinbase, Block Stocks

Recent comments by President Donald Trump comparing the U.S. attack on Iranian nuclear sites to the bombings of Hiroshima and Nagasaki in 1945 have sparked criticism from Japanese officials and atomic bomb survivors.
What Happened: During a news conference in the Netherlands on Wednesday, Trump lauded the operation to strike Iranian nuclear facilities. He drew parallels between the &#8220;monumental damage&#8221; inflicted on Iran and the bombings of Hiroshima and Nagasaki, which brought World War II to a close, <a href="https://www3.nhk.or.jp/nhkworld/en/news/20250626_15/">reported</a> NHK World, the Japanese state broadcaster.
Mimaki Toshiyuki, co-chair of Nihon Hidankyo, a group representing atomic bomb survivors, expressed his disapproval of Trump&#8217;s remarks. Toshiyuki&#8217;s group, which was awarded the Nobel Peace Prize in 2024, labelled the comments as &#8220;unacceptable&#8221;.
The Hiroshima City assembly unanimously passed a resolution on Thursday, advocating&nbsp;for the peaceful resolution of&nbsp;all armed conflicts. The resolution&nbsp;underscored the city&#8217;s refusal to accept comments justifying&nbsp;the use of atomic bombs&nbsp;or threatening citizens&#8217; freedom.
Nagasaki City&#8217;s mayor, Suzuki Shiro, reiterated these sentiments, stating that the use of nuclear weapons is &#8220;unacceptable&#8221; under any circumstances. He urged Trump and other world leaders to visit Nagasaki to comprehend the inhumanity of nuclear weapons.
Japan&#8217;s Chief Cabinet Secretary, Hayashi Yoshimasa, also weighed in on the issue, highlighting the immense suffering caused by the atomic bombings and the incompatibility of nuclear weapons use with humanitarian principles.
See Also: <a href="https://benzinga.com/news/politics/25/06/46042114/heres-why-mark-cuban-declined-to-be-considered-for-kamala-harris-vp" target="_blank" rel="noreferrer noopener">Here&#8217;s Why Mark Cuban Declined To Be Considered for Kamala Harris' VP </a>
Why It Matters: The criticism comes in the wake of Trump&#8217;s announcement of a <a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">&#8220;spectacular military success&#8221;</a> following successful strikes on three key Iranian nuclear sites. The strikes were aimed at the destruction of Iran&#8217;s nuclear enrichment capacity and to halt the nuclear threat posed by Iran.
This controversy adds to the existing tension between the U.S. and Japan. Recently, Japan <a href="https://www.benzinga.com/news/politics/25/06/46041072/tokyo-cancels-key-security-summit-after-trump-administration-pushes-for-3-5-defense-spending-report">cancelled a key bilateral security meeting</a> with the U.S. after Washington abruptly raised its demand for Tokyo to increase defense spending to 3.5% of GDP, up from the previously requested 3%. 
Furthermore, Japan&#8217;s chief trade negotiator, Ryosei Akazawa, has termed Trump&#8217;s 25% auto tariffs as <a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">&#8216;unacceptable&#8217;</a> amid ongoing trade talks.
Photo Courtesy: hapelinium on Shutterstock.com
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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