Star Fashion Culture Bolsa (NASDAQ: STFS)

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Star Fashion Culture Holdings Ltd is a content marketing solutions services provider. The company offer services focusing on marketing campaign planning and execution, offline advertising services; and online precision marketing services. The services also include marketing campaign planning and execution, events including marathons, sports events, and music festivals.

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Star Fashion Culture Holdings Limited - Class A Ordinary Shares

Star Fashion Culture Holdings Ltd

Shop some of Amazon's best deals of the season including deals across more than 35 categories from fashion and beauty to groceries, household essentials, and electronics; Amazon's lowest prices of the year so far from top brands like Sony, Dyson, and Living Proof; and deals from exciting new-to-Amazon brands like Unwell Hydration, Tarte Cosmetics, and Away.
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Amazon Announces 96-Hour Prime Day Event With Exclusive Offers On School Tech, Grocery, Fashion, And Summer Essentials Starting July 8

President Donald Trump and British Prime Minister Keir Starmer signed a bilateral trade agreement Monday at the G7 Summit, formally reducing tariffs on select sectors while leaving critical steel and aluminum import quotas undetermined.
What Happened: The deal eliminates tariffs on UK aerospace exports and reaffirms automotive quotas, but steel and aluminum remain subject to pending Commerce Department review, reported Reuters. 
Commerce Secretary Howard Lutnick will set quota levels for British steel imports exempt from 25% tariffs, contingent on UK security demonstrations for supply chains and production facilities.
&#8220;We signed it and it&#8217;s done,&#8221; Trump said, holding the signed document. Starmer called it &#8220;a very good day for both of our countries, a real sign of strength.&#8221;
The agreement grants British automakers an annual quota of 100,000 vehicles at 10% tariff rates, significantly below the 25% imposed on other nations. 
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45965629/trump-exits-g7-summit-early-citing-obvious-reasons-amid-escalating-iran-israel-conflict-gold-oil-etfs-spike-in-after-hours-trading">Trump Exits G7 Summit Early Citing &#8216;Obvious Reasons&#8217; Amid Escalating Iran-Israel Conflict: Gold, Oil ETFs Spike In After-Hours Trading</a>
Why It Matters: Major UK manufacturers, including Rolls-Royce Holdings and Aston Martin, benefit from the automotive provisions, while General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) have previously <a href="https://www.benzinga.com/25/05/45342313/trumps-uk-trade-carveouts-baffles-economist-justin-wolfers-bentley-rolls-royce-exemption-is-politically-insane">criticized the deal&#8217;s preferential treatment</a>.
The aerospace sector eliminates all tariffs on UK parts and planes under the executive order. Britain avoided the 50% steel and aluminum tariffs imposed on other countries earlier this month, but faced potential elevated tariffs starting July 9 without this agreement.
Critical pharmaceutical sector negotiations remain ongoing. UK Trade Secretary Jonathan Reynolds said both countries seek &#8220;significantly preferential outcomes&#8221; for pharmaceuticals while protecting against further Section 232 investigation tariffs, according to the report.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45965418/lockheed-martins-f-35-jets-spark-outcry-in-madison-as-pentagon-rejects-18-million-noise-mitigation-grant" target="_blank" rel="noreferrer noopener">Lockheed Martin's F-35 Jets Spark Outcry In Madison As Pentagon Rejects $18 Million Noise Mitigation Grant</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Politics

STLA

Trump, UK's Keir Starmer Strike G7 Trade Deal: Aerospace Tariffs Slashed, Auto Quotas Set—Steel, Aluminum Still In Limbo

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future Leadership Commits To Company's Vision With $60K In 10b5-1 Stock Purchase Plans Initiated June 13

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly closer to achieving fully autonomous driving than competitors like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) autonomous driving company, Waymo, new data suggests.
What Happened: "If you can produce the cars at a fraction of the price, you can get more of these vehicles out on the road," Bloomberg Intelligence's Steve Man said <a href="https://www.bloomberg.com/news/videos/2025-06-16/why-tesla-could-have-a-self-driving-advantage-video">on</a> Monday.
Man also says Tesla's technology, as well as the EV giant's camera-based approach to autonomous driving, can help the company scale quicker than competitors. While Ed Ludlow, who co-hosts Bloomberg Technology, also shared some data on social media platform X on Monday.
"Tesla&#8217;s Full-Self Driving (FSD) technology, while classified as Level 2 like most other vehicles offering autonomous features, could be closer to reaching full autonomy than peers," the post said.
It also highlighted how the company has data from over 3 billion miles, compared to Waymo's 22 million miles, as well as a fleet size of 35,000, in contrast to Waymo, which does not have its own manufactured fleet.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Research from Bloomberg Intelligence <a href="https://twitter.com/TheTerminal?ref_src=twsrc%5Etfw">@TheTerminal</a>: Tesla vehicle cost 1/7 of Waymo&#39;s &quot;Tesla&#39;s Full-Self Driving (FSD) technology, while classified as Level 2 like most other vehicles offering autonomous features, could be closer to reaching full autonomy than peers. Tesla&#39;s… <a href="https://t.co/YDdkwdRgyb">pic.twitter.com/YDdkwdRgyb</a>
&mdash; Ed Ludlow (@EdLudlow) <a href="https://twitter.com/EdLudlow/status/1934592248265732604?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: Data from Bloomberg Intelligence comes as Elon Musk's company prepares for the rollout of its highly anticipated <a href="https://www.benzinga.com/markets/tech/25/06/45854273/elon-musks-tesla-officially-named-av-operator-in-austin-ahead-of-robotaxi-launch">robotaxi service in Austin</a>, which Musk said could tentatively be available to the public from June 22.
What could also give a major boost to not just Musk, but the autonomous vehicle sector as a whole, is the announcement from NHTSA, which states that the agency will <a href="https://www.benzinga.com/markets/tech/25/06/45942936/elon-musks-cybercab-ambitions-just-got-a-boost-as-nhtsa-eases-regulations-for-autonomous-vehicles">provide exemptions</a> from U.S. safety standards to companies.
However, while things look good for Tesla and Musk, the FSD tech may still need some work, as recently, a Tesla Model 3 was <a href="https://www.benzinga.com/markets/tech/25/06/45945298/tesla-model-3-on-fsd-mode-struck-by-train-after-getting-trapped-on-railroad-tracks-report">struck by a train</a> as it reportedly got stuck on a railroad track while on FSD.
This news comes in as data recently released by Bloomberg also showcases that Tesla's FSD tech experienced a <a href="https://www.benzinga.com/markets/tech/25/06/45966113/tesla-crashes-significantly-lower-than-national-average-chamath-palihapitiya-weighs-in-on-why-its-the-ideal-choice-for-teenage-drivers">significantly lower number</a> of accidents than the U.S. national average, per million miles driven.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023453/TSLA-JUN-17-2025-1-1024x208.jpg" alt="" class="wp-image-951662" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023453/TSLA-JUN-17-2025-1-1024x208.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023453/TSLA-JUN-17-2025-1-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023453/TSLA-JUN-17-2025-1-768x156.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023453/TSLA-JUN-17-2025-1-1536x312.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023453/TSLA-JUN-17-2025-1.jpg 1549w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/03/44529187/elon-musk-says-tesla-doesnt-need-lidar-because-people-dont-shoot-lasers-out-of-their-eyes-yet-his-ev-company-quietly-spent-over-2-million-on-the-technology-in-2024-as-china-takes-global-lead">Elon Musk Says Tesla Doesn&#8217;t Need Lidar Because &#8216;People Don&#8217;t Shoot Lasers Out Of Their Eyes&#8217; After YouTubers Put His Cars Through Wylie E. Coyote Tests</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

GOOG

GOOGL

TSLA

Tesla Vehicle Production Cost '1/7' That Of Waymo, Elon Musk's EV Giant Closer To Full Autonomy Than Competition: Report

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos added billions to their net worth as Wall Street bounced back on Monday, erasing Friday&#8217;s losses.
What Happened: Musk became richer by $2.7 billion on a single day, while Zuckerberg and Bezos added $6.55 billion and $3.36 billion, respectively, to their net worth after the NASDAQ 100 rallied1.52% and closed at 19,701.21 on Monday, nearing an all-time high, following <a href="https://www.benzinga.com/markets/equities/25/06/45952716/stock-market-today-sp500-rises-iran-israel-nasdaq-near-record-highs">Iran&#8217;s signals of a desire to reduce tensions </a>with Israel and return to negotiations.
This development has alleviated geopolitical concerns that had previously unsettled investors and caused a surge in oil prices last week. Meanwhile, the S&amp;P 500 and the Dow Jones Industrial Average ended 0.94% and 0.75% higher, respectively.
The shares of Meta, Amazon and Tesla surged 2.90%, 1.89% and 1.17%, respectively, amid improved investor sentiment. Additionally, Meta stock <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45954886/meta-stock-is-moving-higher-monday-whats-going-on">climbed </a>following the announcement that WhatsApp will display ads and offer paid subscriptions for the first time.
Microsoft co-founder Steve Ballmer and legendary investor Warren Buffett saw their net worth soar by $1.28 billion and $945 million, respectively. Meanwhile, Google (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>) co-founders Larry Page and Sergey Brin added $2.85, collectively, to their net worth.
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45941425/a-dave-ramsey-caller-says-he-inherited-a-fortune-from-a-family-friend-who-turned-out-to-be-his-father" target="_blank" rel="noreferrer noopener">A Dave Ramsey Caller Says He Inherited A Fortune From A &#8216;Family Friend&#8217; Who Turned Out To Be His Father. &#8216;It&#8217;s Been A Wild Week For Me&#8217;</a>
Why It Matters: Amid rising economic and military pressure, Iran has <a href="https://www.benzinga.com/news/politics/25/06/45964516/iran-considers-bill-to-exit-nuclear-treaty-that-prevents-spread-of-atomic-weapons-israels-actions-affect-strategic-decisions">privately signaled to Arab mediators</a> its willingness to resume nuclear talks on the condition that the U.S. stays out of the conflict, as per the Wall Street Journal. This development, despite Israel&#8217;s firm stance, has eased fears of wider Middle East escalation and triggered a global risk-on rally in equities.
Coming to the billionaires, in 2025, despite a substantial $64 billion decrease in his net worth, Musk continues to hold more wealth than several leading automakers combined. Musk&#8217;s wealth, which primarily comes from his stakes in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), SpaceX, and other ventures, stands at a staggering $369 billion. Remarkably, Musk&#8217;s wealth exceeds the combined value of several of the largest automotive companies by a surplus of $11.8 billion.
In a surprising turn of events last week, Oracle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NASDAQ">ORCL</a>) co-founder and Chairman, Larry Ellison, had surpassed Jeff Bezos and Mark Zuckerberg to <a href="https://www.benzinga.com/markets/tech/25/06/45919978/larry-ellison-overtakes-jeff-bezos-mark-zuckerberg-to-become-worlds-second-richest-amid-oracles-watershed-moment">secure the position of the second-richest person</a> globally. Ellison&#8217;s wealth surge followed Oracle&#8217;s robust earnings report, which saw the company&#8217;s stock hit a record of over $200 per share.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/topics/25/06/45950101/forget-tesla-chinas-41000-cybertruck-clone-comes-with-steer-by-wire-adaptive-chassis-and-a-wheel-that" target="_blank" rel="noreferrer noopener">Forget Tesla? China&#8217;s $41,000 Cybertruck Clone Comes With Steer-By-Wire, Adaptive Chassis, And A Wheel That Moves Side To Side</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ORCL

Elon Musk's Net Worth Soars Nearly $3 Billion, Jeff Bezos, Mark Zuckerberg And Other Top 10 Billionaires Add Over $16 Billion As S&P 500, Nasdaq Jump, Erasing Friday's Losses

Reported Earlier, Amdocs Launches Whitepaper Defining Telco AI Agents With Reasoning, Simulation, And Trust Built On AWS And NVIDIA Stacks

Billionaire hedge-fund manager Bill Ackman says "Iran remains an existential threat to Israel, America and the world" and insists "this is not the time to negotiate. It is time to finish the job," escalating calls for U.S. military support of Israel against Tehran.
What Happened: Ackman posted the remarks on X after Israel urged Washington to help destroy Iran's fortified Fordow nuclear complex, a target Israeli warplanes cannot penetrate without U.S. bunker-buster bombs. In earlier weekend threads he <a href="https://x.com/BillAckman/status/1934294487762673811">framed</a> the moment as "the lowest-risk, highest-probability" window to end Iran's program and argued a brief U.S. air campaign would avoid "boots on the ground."
"Iran's repeated refrain of ‘Death to America' says it all," Ackman wrote, echoing warnings by Israeli officials that Iran's missile arsenal now reaches American assets in the Gulf.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Iran remains an existential threat to Israel, America and the world while this evil regime remains in place. Their repeated refrain of ‘Death to America' says it all. This is not the time to negotiate. It is time to finish the job.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1934619782457987208?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
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The Pershing Square Capital CEO added that dismantling Iran's nuclear capability and the Islamic Revolutionary Guard Corps' financing of Yemen's Houthis would deliver a "massive peace dividend" by cutting terror attacks on global shipping lanes.
See also: <a href="https://www.benzinga.com/markets/commodities/25/06/45965846/israel-is-pounding-irans-energy-infrastructure-and-its-sending-these-oil-etfs-soaring-but-it-maybe-bad-news-at-the-gas-pump">Israel Is Pounding Iran&#8217;s Energy Infrastructure And It&#8217;s Sending These Oil ETFs Soaring, But It Maybe Bad News At The Gas Pump</a>
Why It Matters: President Donald Trump said on Sunday that the United States is "not currently involved," but did not rule out future action. Some lawmakers urged restraint, with Rep. Thomas Massie (R-Ky) calling Israeli strikes "reckless" and <a href="https://x.com/RepThomasMassie/status/1933518807718564109">warning</a> against funding "a war of aggression."
On Monday, Trump urged Tehran's 10 million residents to <a href="https://www.benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-platform">evacuate</a> "immediately," warning on Truth Social that "Iran can not have a nuclear weapon" and lamenting that the regime rejected his proposed deal. The president will <a href="https://www.benzinga.com/news/politics/25/06/45965629/trump-exits-g7-summit-early-citing-obvious-reasons-amid-escalating-iran-israel-conflict-gold-oil-etfs-spike-in-after-hours-trading">leave the G7 summit</a> early "because of what's going on in the Middle East," his press secretary said, as crypto markets priced in higher odds that U.S. forces could join Israel's expanding strikes on Iran.
Israel's bombardment of Iranian missile sites has slowed Tehran's retaliatory launches, but tensions keep rising. Trump reiterated that <a href="https://www.benzinga.com/news/politics/25/06/45940864/trump-threatens-iran-with-unprecedented-us-military-action-in-case-of-attack-if-we-are-attacked-in-any-way-us-armed-forces-will-come-down-on-you-at-levels-never-seen-before">any hit on U.S. personnel or assets</a> would trigger an unprecedented response, while Iranian lawmakers weighed exiting the nuclear Non-Proliferation Treaty.
Photo Courtesy: Barks on Shutterstock.com
Read next: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45965853/elizabeth-warren-says-billionaires-like-jeff-bezos-and-elon-musk-will-track-your-purchases-if-allowed-to-launch-stablecoins-and-stick-you-with-the-bill-when-it-blows-up">Elizabeth Warren Says Billionaires Like Jeff Bezos And Elon Musk Will &#8216;Track Your Purchases&#8217; If Allowed To Launch Stablecoins, And Stick You With The Bill When It &#8216;Blows Up&#8217;</a>

Government

Global

Bill Ackman Warns Iran An 'Existential Threat' To America, Says 'It Is Time To Finish The Job'

Donald Trump Jr., the executive vice president of&nbsp;The Trump Organization and President Donald Trump&#8217;s eldest child, defended his father&#8217;s financial gains from a family-owned cryptocurrency company, stating that &#8220;he doesn&#8217;t touch it.&#8221;
What Happened: During an interview with NewsNation that aired Monday, Trump Jr. was asked about his father&#8217;s financial disclosure, indicating an income of $57.7 million from World Liberty Financial.
&#8220;He has ownership, but he doesn&#8217;t touch it. That&#8217;s all walled off,&#8221; Trump Jr. replied. He said that he and his younger brother Eric Trump manage the trust, and they don&#8217;t talk about it with their father. &#8220;He doesn&#8217;t get involved in that.&#8221;
That said, Trump Jr. pointed out that his father promised to be an &#8220;active proponent&#8221; of cryptocurrency throughout his election campaign last year.
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<iframe loading="lazy" title="Political violence &#039;mostly caused&#039; by Democrats: Trump Jr. &#x7C; NewsNation Now" width="500" height="281" src="https://www.youtube.com/embed/zL_3azouRtE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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See Also:&nbsp;<a href="https://benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-p" target="_blank" rel="noreferrer noopener">Trump Asks &#8216;Everyone&#8217; To Immediately Evacuate Tehran, Odds Of US Striking Iran Spike On Crypto Betting Platform</a>
Why It Matters: The decentralized finance platform, World Liberty Financial, was launched last year and has been a significant source of income for the Trump family. According to the president&#8217;s latest financial disclosure, it yielded him $57.4 million last year, <a href="https://www.benzinga.com/news/politics/25/06/45939551/trump-made-57-4-million-from-family-crypto-firm-plus-big-bucks-from-branded-guitars-sneakers-and-watches">positioning it as one of his primary sources of income</a>.
Donald Trump Jr. said recently that the family&#8217;s plunge into cryptocurrency was not a trend-chasing move but rather a financial necessity. He cited a <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45755090/donald-trump-jr-says-crypto-was-a-lifeline-after-being-debanked-we-got-into-it-out-of-necessity">complete loss of access to traditional banking</a> after their father&#8217;s political career as the reason for their shift to cryptocurrency.
The project is inspired by Donald Trump, although the disclaimer states that none of its offerings are political or related to any political campaign.
A Trump-affiliated organization holds a 60% share in World Liberty Financial&#8217;s parent firm. Trump's&nbsp;three sons, Donald Jr., Eric,&nbsp;and Barron, are listed as the co-founders.
Earlier this year, it launched a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">dollar-pegged stablecoin</a>, World Liberty Financial USD (USD1) , on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>).
Photo Courtesy: lev radin on Shutterstock.com
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45942372/anthony-scaramucci-welcomes-philippe-laffonts-bitcoin-advocacy-after-billionaire-hedge-fund-manager-says-apex-crypto-has-become-central-to-investment-portfolios">Anthony Scaramucci Welcomes Philippe Laffont&#8217;s Bitcoin Advocacy After Billionaire Hedge Fund Manager Says Apex Crypto Has Become &#8216;Central&#8217; To Investment Portfolios</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$BNB

$ETH

Donald Trump Jr. Says His Father 'Doesn't Touch' The Family-Backed Crypto Company Despite Disclosure Of $57 Million Income

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones index gaining more than 300 points during the session after Iran signaled it wants to de-escalate tensions with Israel and return to negotiations, easing geopolitical jitters that had rattled investors and sent oil prices surging last week.
Sage Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) shares surged over 35% on Monday after Supernus Pharmaceuticals agreed to acquire the company. Shares of Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) dipped more than 42% after the company suspended ELEVIDYS shipments and paused the ENVISION trial following a second fatal liver failure in non-ambulatory Duchenne patients.
On the economic front, the New York Empire State Manufacturing Index dipped to a reading of -16 in June compared to May&#8217;s reading of -9.2, and also down from market estimates of -5.5.
Most sectors on the S&amp;P 500 closed on a positive note, with communication services, information technology and consumer discretionary stocks recording the biggest gains on Monday. However, utilities and health care stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 317 points to 42,515.09 on Monday. The S&amp;P 500 gained 0.94% to 6,033.11, while the Nasdaq Composite climbed 1.52% to 19,701.21 during Monday's session.
Investors are awaiting earnings results from Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), John Wiley &amp; Sons Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) and La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 62, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 60.3.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45948533/top-2-financial-stocks-that-may-plunge-in-q2">Top 2 Financial Stocks That May Plunge in Q2</a> </li>
</ul>
Photo via Shutterstock

SAGE

SRPT

Dow Surges Over 300 Points As Iran Signals De-Escalation: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

Billionaire Mark Cuban questioned the manufacturing details of President Donald Trump&#8216;s family business&#8217;s newly announced mobile phone venture, writing on X Monday, &#8220;I just want to know who makes them and where,&#8221; following Eric Trump&#8216;s announcement that &#8220;Trump Mobile is going to revolutionize cell phones.&#8221;
What Happened: Cuban suggested the strategic play involves cryptocurrency integration, stating the game company is &#8220;probably playing is to put a crypto wallet on the phone that leverages World Liberty Financial (WLF), OFFICIAL TRUMP (TRUMP) and their stable coins.&#8221;
&#8220;Whatever transactions they can create generates fees for them and there are so many way to sell things and pre-load whatever they want,&#8221; Cuban wrote. 
Trump&#8217;s sons Eric and Donald Jr. unveiled Trump Mobile during a Monday event at Trump Tower in New York, marking the <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">latest business venture from the president&#8217;s family</a>. The service will operate as a mobile virtual network operator using T-Mobile US Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) network infrastructure through Liberty Mobile.
The company promises &#8220;made in America&#8221; phones, with a gold-colored T1 model priced at $499 available for September 2025 preorder with a $100 deposit. Trump Mobile&#8217;s flagship offering, &#8220;The 47 Plan,&#8221; costs $47.45 monthly, referencing Trump&#8217;s status as <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">both the 45th and 47th president</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I just want to know who makes them and where. <a href="https://t.co/7MHdrqz5N1">https://t.co/7MHdrqz5N1</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1934697756737851881?ref_src=twsrc%5Etfw">June 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I think the smart game they are probably playing is to put a crypto wallet on the phone that leverages WLF , <a href="https://twitter.com/search?q=%24Trump&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Trump</a> and their stable coins. Whatever transactions they can create generates fees for them and there are so many way to sell things and pre-load whatever they want <a href="https://t.co/NX1YIDiCnx">https://t.co/NX1YIDiCnx</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1934831120052572186?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Plans include unlimited calling and texting to over 100 countries, plus telemedicine and roadside assistance features. Customers can use existing devices or purchase Trump-branded phones.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/treasuries/25/06/45960637/treasury-yields-near-5-after-soft-foreign-demand-a-red-flag-for-stocks" target="_blank" rel="noreferrer noopener">Treasury Yields Near 5% After Soft Foreign Demand: A Red Flag For Stocks?</a>
Why It Matters: The launch follows recent complications in Trump family crypto ventures. Their cryptocurrency wallet project was suspended earlier this month amid internal disputes at World Liberty Financial, though Eric Trump confirmed continued commitment to the TRUMP meme coin, which has <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45829666/trump-branded-crypto-wallet-project-suspended-amid-internal-dispute-says-eric-trump">contributed nearly $2.9 billion</a> to President Trump&#8217;s net worth.
Trump Mobile enters a market dominated by AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), and T-Mobile. The venture raises potential regulatory concerns given Federal Communications Commission Chairman Brendan Carr&#8216;s Republican appointment by Trump while overseeing <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">telecommunications regulation</a>.
Cuban&#8217;s skepticism highlights industry questions about whether Trump phones will be manufactured domestically from launch or represent a future goal, particularly <a href="https://www.benzinga.com/news/politics/25/06/45954307/donald-trump-wants-you-to-use-his-new-47-mobile-plan-with-a-499-gold-phone-made-in-america">as Trump has threatened to impose tariffs</a> on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) devices made in China and India.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45965573/openai-wins-200-million-us-defense-contract-for-ai-warfare-capabilities-as-the-company-looks-to-raise-40-billion">OpenAI Wins $200 Million US Defense Contract For AI Warfare Capabilities As The Company Looks To Raise $40 Billion</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: Shutterstock

Social Media

AAPL

TMUS

Mark Cuban Casts Doubt On Trump Mobile's 'Made In America' Claim, Suggests Crypto Wallet Play Behind $499 Phone Launch: 'Sell Things And Pre-load Whatever They Want'

SARO

Reported Earlier, SalamAir Selects StandardAero For LEAP-1A Engine MRO Support To Enhance Fleet Reliability And Expand Growth Strategy

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to report quarterly earnings at $2.31 per share on revenue of $7.06 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Jabil shares gained 0.7% to $182.00 in after-hours trading.</li>
<li>Globus Maritime Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) posted downbeat results for the first quarter on Monday. The company reported a quarterly loss of 7 cents per share, compared to market estimates of a loss of 3 cents per share. Globus Maritime shares dipped 3.9% to $1.2301 in the after-hours trading session.</li>
<li>Analysts are expecting John Wiley &amp; Sons Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) to post earnings at $1.27 per share on revenue of $434.90 million for the latest quarter. The company will release earnings before the markets open. John Wiley shares rose 2% to $37.78 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) reported mixed results for the second quarter after Monday&#8217;s closing bell. Lennar reported quarterly earnings of $1.90 per share, which missed the Street estimate of $1.94. Quarterly revenue of $8.38 billion beat the analyst consensus estimate of $8.16 billion. Lennar shares gained 2.7% to $112.45 in the after-hours trading session.</li>
<li>Analysts expect La-Z-Boy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) to post quarterly earnings at 93 cents per share on revenue of $557.44 million after the closing bell. La-Z-Boy shares slipped 0.1% to $38.89 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45948533/top-2-financial-stocks-that-may-plunge-in-q2">Top 2 Financial Stocks That May Plunge in Q2</a> </li>
</ul>
Photo via Shutterstock

GLBS

Jabil, Lennar And 3 Stocks To Watch Heading Into Tuesday

<ul>
<li>The Company Anticipates that with this Additional Funding, PolyPid's Runway would be Extended beyond Anticipated U.S. Food and Drug Administration ("FDA") Approval of D-PLEX₁₀₀.</li>
<li>The Company Recently Announced Successful Topline Results from its Phase 3 SHIELD II Trial; D-PLEX₁₀₀ Demonstrated a Statistically Significant Reduction in Surgical Site Infections ("SSIs") and Successfully Met the Study's Primary Endpoint and all Key Secondary Endpoints.</li>
</ul>

PYPD

Reported Earlier, PolyPid Raises $26.7M Via Immediate Warrant Exercises To Extend Runway Beyond Anticipated FDA Approval Of D-PLEX

MakeMyTrip plans to use the entire net proceeds from the Primary Equity Offering and the Notes Offering for the Repurchase (as described below) of a portion of the Class B shares of the Company from Trip.com Group Limited ("Trip.com").

MMYT

TCOM

Reported Earlier, MakeMyTrip Launches Proposed Offering Of 14M Ordinary Shares And $1.25B In Convertible Notes To Fund Repurchase From Trip.Com

GMS Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) will release its fourth-quarter financial results before the opening <a href="https://www.benzinga.com/quote/GMS/earnings">bell on Wednesday, June 18</a>.
Analysts expect the Tucker, Georgia-based company to report quarterly earnings at $1.11 per share, down from $1.93 per share in the year-ago period. GMS projects quarterly revenue of $1.3 billion, compared to $1.41 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 6, GMS reported worse-than-expected third-quarter financial results.
GMS shares gained 0.1% to close at $76.14 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/gms/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Barclays analyst Matthew Bouley maintained an Equal-Weight rating and cut the price target from $80 to $71 on March 10, 2025. This analyst has an accuracy rate of 72%.</li>
<li>DA Davidson analyst Kurt Yinger maintained a Neutral rating and slashed the price target from $94 to $80 on March 7, 2025. This analyst has an accuracy rate of 60%.</li>
<li>RBC Capital analyst Mike Dahl maintained a Sector Perform rating and cut the price target from $82 to $65 on March 7, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Truist Securities analyst Keith Hughes maintained a Hold rating and slashed the price target from $97 to $80 on March 7, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Baird analyst David Manthey maintained an Outperform rating and cut the price target from $110 to $93 on March 7, 2025. This analyst has an accuracy rate of 76%</li>
</ul>
Considering buying GMS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/GMS/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="579" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023256/image-250-1024x579.png" alt="" class="wp-image-951661" style="width:647px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023256/image-250-1024x579.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023256/image-250-300x170.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023256/image-250-768x434.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/17023256/image-250.png 1135w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45948533/top-2-financial-stocks-that-may-plunge-in-q2">Top 2 Financial Stocks That May Plunge in Q2</a> </li>
</ul>
Photo via Shutterstock

Earnings

Price Target

Analyst Ratings

GMS Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Innovative technological leader to oversee all technical, operational, customer support and business development initiatives

Reported Earlier, Graphjet Technology Receives Nasdaq Panel Hearing Date Following Suspension Stay Related To Late SEC Filings

LSPD

Reported Earlier, Lightspeed Settles Quebec Securities Class Action For $8.09M After U.S. Case Dismissed For Lacking Legal Basis

CTRI

Reported Earlier, Southwest Gas Prices Upsized Offering Of 9.75M Centuri Shares At $20.75 Each, With Option To Sell 1.46M More

Chinese automakers are accelerating plans to eliminate foreign semiconductors from their vehicles by 2027, with at least two brands preparing mass production of cars using 100% domestic chips by 2026.
What Happened: Major Chinese automakers, including SAIC Motor, BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely Automobile Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), Great Wall Motor Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GWLLY#OTC">GWLLY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GWLLF#OTC">GWLLF</a>), Li Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and Changan are developing models with entirely homemade semiconductors, <a href="https://asia.nikkei.com/Business/Technology/China-s-automakers-aim-for-cars-with-100-domestic-chips-from-2026">reported</a> Nikkei Asia, citing sources. 
China&#8217;s Ministry of Industry and Information Technology is shepherding the initiative, regularly requiring self-assessments of domestic chip adoption rates.
The push comes as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/equities/25/06/45918580/nvidia-drops-china-from-guidance-after-2-5-billion-q1-revenue-hit-ceo-jensen-huang-says-hes-not-">announced it will exclude China from future revenue</a> guidance after U.S. export controls cost the chipmaker $2.5 billion in first-quarter revenue. CEO Jensen Huang told CNN the company won&#8217;t count on China sales, saying, &#8220;if it happens, then it will be a great bonus.&#8221;
Automakers mentioned in the report did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">Amid Trump&#8217;s Anti-EV Push, Senate Republicans Propose Tax Bill To Axe $7500 EV Credit</a>
Why It Matters: The 2027 target represents a dramatic acceleration from Beijing&#8217;s previous goal of 25% domestic chip usage this year. While not mandatory, the framework incentivizes companies to demonstrate progress toward technological self-reliance.
Chinese electric vehicle makers currently rely heavily on foreign chips, particularly Nvidia&#8217;s AI processors for autonomous driving and Qualcomm Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) solutions for smart cockpits. Progressive U.S. restrictions have raised concerns about component access.
GAC Group is collaborating with domestic contract manufacturers Semiconductor Manufacturing International Corp. and CanSemi Technology to review supply chains and verify local alternatives, according to the report.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45965418/lockheed-martins-f-35-jets-spark-outcry-in-madison-as-pentagon-rejects-18-million-noise-mitigation-grant">Lockheed Martin&#8217;s F-35 Jets Spark Outcry In Madison As Pentagon Rejects $18 Million Noise Mitigation Grant</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: Jack Hong / Shutterstock.com

Equities

BYDDF

BYDDY

GELYF

GELYY

GWLLF

GWLLY

NVDA

QCOM

After Nvidia Pauses China Outlook, Top Chinese Automakers Race To Ditch Foreign Chips, Aim For 100% Domestic Supply By 2027: Report

CRACU

Reported Earlier, Cal Redwood Acquisition Corp. Announces Separate Trading Of Class A Shares And Rights From Units Starting June 23 On Nasdaq

IPOs

Press Releases

Star Fashion Culture Holdings Limited Announces Pricing of $8.60 Million Initial Public Offering

Star Fashion Culture Holdings Limited Announces Closing of $8.6 Million Initial Public Offering

WestPark Capital Announces Closing of $8.6 Million IPO for Star Fashion Culture Holdings Limited (NASDAQ:STFS)

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