Savers Value Village (NYSE:SVV) Bolsa

Savers Value Village

Savers Value Village Inc is a for-profit thrift operator in the United States and Canada. It purchases second hand textiles (i.e., clothing, bedding, and bath items), shoes, accessories, housewares, books, and other goods from its non-profit partners (NPPs), either directly from them or via on-site donations (OSDs) at Community Donation Centers at its stores. The company then processes, selects, prices, merchandise, and sells these items in its stores.

Savers Value Village Inc

SAVI FINANCIAL CORP by Savi Financial Corporation

Savi Financial Corp

FIRSTHAND TEC VAL FUND by Firsthand Technology Value Fund, Inc.

Firsthand Technology Value Fund Inc

On Thursday, Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) CEO Marc Benioff reiterated that artificial intelligence is already handling up to <a href="https://www.benzinga.com/markets/tech/25/06/46118592/ai-runs-up-to-half-the-show-at-salesforce-ceo-says">half of the company's tasks</a> and revealed whether an AI agent could replace him in the future.
What Happened: During an interview with Bloomberg, Benioff said that AI has been integrated into critical functions at Salesforce. "We're looking at productivity levels of 30 to 50% this year in key functions like engineering, coding and support.&#8221;
When asked if an AI agent could eventually replace him, Benioff quipped, "I hope so," acknowledging his response was partly in jest.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Does Salesforce CEO <a href="https://twitter.com/Benioff?ref_src=twsrc%5Etfw">@Benioff</a> think AI could replace him one day? His answer might surprise you. Tune in to The Circuit with <a href="https://twitter.com/emilychangtv?ref_src=twsrc%5Etfw">@emilychangtv</a> to learn more about how AI is already doing making inroads at the company <a href="https://t.co/9WjdbRBePI">https://t.co/9WjdbRBePI</a> <a href="https://t.co/IfIhCiC8ka">pic.twitter.com/IfIhCiC8ka</a>
&mdash; Bloomberg TV (@BloombergTV) <a href="https://twitter.com/BloombergTV/status/1938261317271359809?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46132007/amazon-google-not-far-behind-but-dan-ives-says-microsoft-clearly-leading-in-these-segments-600-price-target-is-probably-conservative" target="_blank" rel="noreferrer noopener">Amazon, Google Not Far Behind, But Dan Ives Says Microsoft ‘Clearly Leading' In These Segments — $600 Price Target Is ‘Probably' Conservative</a>
Why It's Important: Benioff previously also spoke about AI handling&nbsp; 30% to 50% of the company's workload, calling it a "digital labor revolution."
He has also stated that AI is replacing human tasks with approximately 93% accuracy, enabling employees to focus on more valuable work.
Meanwhile, Senator Bernie Sanders (I-VT) has been <a href="https://www.benzinga.com/markets/tech/25/06/46089330/bernie-sanders-slams-job-cuts-says-ai-should-give-workers-more-time-off-instead-of-throwing-you-out-on-the-street">pushing for a 32-hour workweek</a>, arguing that advancements in AI and automation should boost productivity and give workers more free time.
His latest statement came after Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) announced its third round of <a href="https://www.benzinga.com/content/46083721/microsoft-stock-holds-steady-as-ai-drives-workforce-shift">2025 layoffs</a>, mainly affecting sales and customer-facing roles due to AI-related changes.
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy also warned of corporate job <a href="https://www.benzinga.com/markets/tech/25/06/45990634/amazon-ceo-andy-jassys-ai-led-job-cuts-warning-sparks-backlash-as-employee-reportedly-says-its-clearly-part-of-the-plan">cuts driven by AI efficiency</a>, prompting employee backlash.
Benzinga's Edge Stock Rankings reflect a bearish outlook for CRM over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27063055/Screenshot-2025-06-27-at-3.58.55%E2%80%AFPM.png" alt="" class="wp-image-964738" /></a></figure>
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
</ul>
Photo courtesy: NYCStock / Shutterstock.

News

AMZN

MSFT

Marc Benioff Says AI Now Handles Up To 50% Of Work At Salesforce — Could An AI Agent Eventually Take Over His Job?

Lindsay Corporation Raises Quarterly Dividend By 3% To $0.37 Per Share, Payable August 29

CANG

Cango Closes Share-Settled Crypto Mining Deal, Acquires 18 EH/s In Machines; Sellers Now Hold Over 41% Stake In Company

<a href="https://www.globenewswire.com/Tracker?data=K4u1wb0OIaLBpKLkynMbZPTjgLt4Eu53rX6XlllcZ4SW6xkwcg0cI2Bs_YdH0F6PMxjJL0PFWncvWdveHcgqVcLxEsVMK5bR8_YLIrS2ESM=">Hyperscale Data, Inc.</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#NYSE">GPUS</a>), a diversified holding company ("Hyperscale Data" or the "Company"), today announced that its indirect wholly owned subsidiary Bitnile.com, Inc. ("Bitnile") has begun accepting all verified Solana-based tokens as a payment method on its sweepstakes-based social-casino platform <a href="https://www.globenewswire.com/Tracker?data=6ZQNN8hHGKb0_0iVD5uQN2iHNiRpQJnKFvA7sxr65IGIZkZcRDp0lD9B8nAuqPMqoXO8Quou__5t2fdjHMJ3Hg==">Bitnile.com</a>. These include recently trending coins such as $BONK, $TRUMP, and many others on the Solana network. Bitnile reserves the right to not accept specific coins dependent on certain factors such as verification, liquidity and other factors.

GPUS

Hyperscale Data's Bitnile Now Accepts All Verified Solana-Based Tokens As Payment Method On Its Sweepstakes-Based Social-Casino Platform Bitnile.com

Macro Economic Events

Economics

China Central Bank Will Flexibily Grasp Monetary Policy Implementation Based On Internal, External Financial, Economic Situation; Will Keep Liquidity Ample

SATL

Maxar Wins NGA Contract Under Luno A To Deliver AI-Powered Object Detection With Satellogic, Striveworks, And Enabled Intelligence

President Donald Trump&#8216;s $5 million &#8220;Trump Card&#8221; immigration program has <a href="https://www.benzinga.com/news/events/25/06/45967070/howard-lutnick-says-nearly-70000-register-for-5-million-trump-card-visa-as-us-eyes-1-trillion-windfall-from-premium-immigration-plan">attracted 70,000 initial registrations</a> but faces significant legal and tax obstacles that could limit its appeal to ultra-wealthy investors, according to immigration attorneys and wealth advisors.
What Happened: Commerce Secretary Howard Lutnick announced the registration milestone for the premium visa program launched at TrumpCard.gov in June.
The gold-plated card, featuring Trump&#8217;s face and signature, promises a pathway to U.S. residency for foreign <a href="https://www.benzinga.com/news/politics/25/06/45898900/pay-5-million-get-the-trump-card-new-visa-program-now-accepting-applications">nationals willing to invest $5 million</a>.
The program targets the global investment visa market, where a record 142,000 millionaires are expected to relocate internationally this year due to political instability and tax changes, according to Henley &amp; Partners data, <a href="https://www.cnbc.com/2025/06/26/trump-card-overseas-wealthy.html">reported</a> CNBC.
The United Arab Emirates leads destination countries with 9,800 net millionaire gains, while the U.S. expects 7,500.
&#8220;There are many questions we have, including how various tax positions will be treated,&#8221; said Theda Fisher, partner at Withers Bergman LLP, according to the report. &#8220;Unless this program really makes sense from a long-term tax and estate perspective, many high-net-worth individuals will not apply.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/46134623/microsoft-shifts-top-security-role-to-ai-war-room-says-future-cyber-battles-will-be-fought-in-the-cloud-with-bots-not-firewalls">Microsoft Shifts Top Security Role to AI War Room, Says Future Cyber Battles Will Be Fought in the Cloud With Bots, Not Firewalls</a>
Why It Matters: The Trump Card would replace the Congressional-authorized EB-5 program, which requires $1.05 million investments tied to job creation. The EB-5 program runs through 2027 with bipartisan support and heavy lobbying backing.
&#8220;The EB-5 program was created by Congress, and only Congress may abolish it,&#8221; stated the American Immigrant Investor Alliance.
Dominic Volek of Henley &amp; Partners, which advises wealthy clients on global visas, said the concept energizes the golden visa market but faces execution challenges. &#8220;There are still a lot of question marks in terms of how successful it will be at the end of the day,&#8221; Volek said.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/46134623/microsoft-shifts-top-security-role-to-ai-war-room-says-future-cyber-battles-will-be-fought-in-the-cloud-with-bots-not-firewalls">Microsoft Shifts Top Security Role to AI War Room, Says Future Cyber Battles Will Be Fought in the Cloud With Bots, Not Firewalls</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: Maxim Elramsisy / Shutterstock.com

Politics

AAPL

Trump's $5 Million 'Gold Card' Draws Global Elite, But Lawyers Warn 'Many High-Net-Worth Individuals Will Not Apply' Without Tax Clarity

Elon Musk's commercial space exploration company, SpaceX, has said that efforts to recover debris following the huge explosion that took place during the testing of its Starship rocket in Texas have been hindered.
What Happened: The company said that there were no hazards in the surrounding area as independent tests confirmed the presence of no toxic substances in the debris, the company said in a statement on social media platform X on Thursday.
The statement was in response to claims by Mexico's President, Claudia Sheinbaum Pardo, that the debris had polluted an area across the border within Mexican territory.
"Despite SpaceX's attempts to recover the anomaly related debris, which is and remains the tangible property of SpaceX, these attempts have been hindered by unauthorized parties trespassing on private property," the company said.
SpaceX then said it has sought assistance from the Mexican government to clear the debris, as well as "offered resources" to help clear the area. The company said it "sought validation" to conduct recovery operations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As previously stated, there are no hazards to the surrounding area. Previous independent tests conducted on materials inside Starship, including toxicity analyses, confirm they pose no chemical, biological, or toxicological risks. And as is the case before any test, a safety… <a href="https://t.co/lJHGInE5vj">https://t.co/lJHGInE5vj</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1938322502880465090?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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Why It Matters: The news comes days after the company's Starship exploded into a fiery inferno following a <a href="https://www.benzinga.com/news/space/25/06/46012079/elon-musks-spacex-suffers-major-setback-as-starship-rocket-explodes-in-static-fire-test">static fire test</a> at SpaceX's headquarters in Starbase, Texas. The company has called the incident a "major anomaly."
However, Musk's company successfully <a href="https://www.benzinga.com/news/space/25/06/46090664/india-may-have-been-to-mars-and-moon-but-an-indian-hasnt-been-in-space-for-41-years-elon-musk-just-changed-that">launched the Ax-4 mission</a> to the International Space Station with Axiom Space, sending four astronauts to the ISS aboard the Dragon spacecraft.
The Ax-4 mission had experienced setbacks as <a href="https://www.benzinga.com/news/space/25/06/45943559/spacex-ax-4-launch-set-after-june-19-following-propellant-leak-delay">propellant leaks</a> had delayed the launch, which was originally supposed to take place on June 12.
The company was also recently in the news as ARK Invest's Cathie Wood had projected a <a href="https://www.benzinga.com/etfs/specialty-etfs/25/06/45876953/cathie-woods-ark-invest-projects-2-5-trillion-valuation-for-elon-musks-spacex-by-2030-7x-growth-through-mars-starlink-optimus">$2.5 trillion valuation</a> for Musk's company by 2030, with a bear-case valuation of $1.7 trillion and a bullish projection of $3.1 trillion.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46020319/elon-musk-says-neuralinks-blindsight-implant-will-help-people-see-radar-infrared-like-a-superpower-ahead-of-human-trial-next-year">Elon Musk Says Neuralink&#8217;s Blindsight Implant Will Help People See Radar, Infrared Like A &#8216;Superpower&#8217; Ahead Of Human Trial Next Year</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Elon Musk's SpaceX Says Starship Debris Recovery Hindered By Trespassing 'Unauthorized Parties,' Seeks Help From Mexican Authorities

China Central Bank To Use Financial Services To Support Private Economy

U.S. futures rose on Friday following Thursday&#8217;s rally. Futures of major benchmark indices were trading higher.
The U.S. and China have finalized a trade understanding, building on an agreement reached last month in Geneva.
U.S. Commerce Secretary Howard Lutnick <a href="https://www.benzinga.com/news/politics/25/06/46133537/howard-lutnick-confirms-us-china-trade-agreement-reaffirms-white-houses-progress-to-close-deals-wit">confirmed the deal with China</a>, which was signed two days ago, noting that the White House has immediate plans to secure agreements with ten other major trading partners. 
The accord with China codifies terms established during recent trade discussions between <a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains">Beijing and Washington</a>. 
The 10-year Treasury bond yielded 4.27% and the two-year bond was at 3.75%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s</a> projections show markets pricing a 79.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its July meeting. 
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<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.23%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.22%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.29%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.25%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.27% at $613.54, while the QQQ advanced 0.33% to $548.03, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro </a>data.
Cues From Last Session:
Most sectors on the S&amp;P 500 closed positively on Thursday, led by significant gains in communication services, consumer discretionary, and energy stocks.
This broad upward movement contributed to U.S. stocks settling higher. However, real estate and consumer staples stocks diverged from the overall market trend, ending the day lower.
Individual company performances also bolstered the market. Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) reported better-than-expected earnings for the third quarter, while Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) shares surged by over 20% after the company announced stronger-than-expected financial results for its fourth quarter.
On the economic front, the first-quarter GDP saw a downward revision to -0.5% from the previously reported -0.2%. This revision was primarily attributed to a widening goods trade deficit, influenced by weaker exports.
Despite this adjustment, other economic indicators released on Thursday painted a more optimistic picture.
Factory orders in May demonstrated a robust increase, soaring by 16.4% month-over-month to $343.6 billion, marking the largest surge since July 2014. This impressive figure far exceeded market expectations of an 8.5% gain, following a revised 6.6% drop in April.
Furthermore, weekly jobless claims fell by 10,000 to 236,000 in the week ending June 21, surpassing economists&#8217; forecasts of no change and signaling continued resilience in the labor market.
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<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.97%</td>
<td>20,167.91</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.80%</td>
<td>6,141.02</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.94%</td>
<td>43,386.84</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.68%</td>
<td>2,172.11</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
With July beginning next week, Ryan Detrick of Carson Research highlighted historical data, citing that the seventh month of the year has seen consistent gains for 10 years in a row.
&#8220;The S&amp;P 500 has gained in July for an incredible 10 years in a row. One more and it ties the longest win streak ever,&#8221; he posted on X.
The graph shared by him showed that one more month of positive gains in the month of July will make this streak of 11 years equal to another 11-year-long streak from the 1950s.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I discussed with <a href="https://twitter.com/FrankCNBC?ref_src=twsrc%5Etfw">@FrankCNBC</a> this morning, the S&amp;P 500 has gained in July for an incredible 10 years in a row. One more and it ties the longest win streak ever. <a href="https://t.co/6BrkJNCcUC">pic.twitter.com/6BrkJNCcUC</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1938258076794061101?ref_src=twsrc%5Etfw">June 26, 2025</a></blockquote>
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Ed Yardeni of Yardeni Research highlighted that his firm has been observing and agreeing with the notion that the stock market rally since April 9 suggests that investors believe that the tariff issue will be mostly behind us by the end of the summer.
On April 9, President Donald Trump postponed his April 2 Liberation Day reciprocal tariffs for 90 days.
Trump&#8217;s Tariff Turmoil has had &#8220;remarkably little impact on the forward profit margin of the S&amp;P 500 so far. It has been essentially flat since the start of this year but at roughly a record high of 13.7%,&#8221; he said.
Meanwhile, Louis Navellier said that &#8220;The AI theme is alive and well, best demonstrated by the renewed confidence in Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), which is taking semiconductors and software along for the ride.&#8221;
&#8220;While longer term, the AI story is to eliminate a lot of white-collar jobs, we have yet to see that put a dent in unemployment numbers. The offset is that the jobs will be going away because AI is cheaper, which should drive corporate profit margins higher.&#8221;
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Friday:
<ul class="wp-block-list">
<li>May&#8217;s personal income, spending, and headline and core PCE Index data will be released by 8:30 a.m. ET.</li>
<li>Final consumer sentiment data will be released by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Apogee Enterprises Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) was up 1.90% in premarket on Friday as analysts expect it to report quarterly earnings of 47 cents per share on revenue of $325.48 million, before the opening bell.</li>
<li>Cineverse Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNVS#NASDAQ">CNVS</a>) rose 1.67% as analysts expect it to report a loss of 7 cents per share on revenue of $14.29 million, after the closing bell.</li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) jumped 9.67% after reporting better-than-expected fourth-quarter financial results for fiscal 2025. The company reported fourth-quarter revenue of $11.1 billion, beating analyst estimates of $10.72 billion.</li>
<li>American Outdoor Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AOUT#NASDAQ">AOUT</a>) gained 11.20% after posting upbeat fourth-quarter results. American Outdoor Brands reported quarterly adjusted earnings of 13 cents per share, which beat the analyst consensus estimate for losses of 11 cents per share.</li>
<li>Concentrix Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) tumbled 8.40% after reporting mixed second-quarter results after Thursday's closing bell. Concentrix reported quarterly earnings of $2.70 per share, which missed the analyst consensus estimate of $2.75.</li>
<li>Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) rose 4.87% after reports that Uber Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NASDAQ">UBER</a>) is in talks to help fund a takeover deal with the company.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.81% to hover around $65.77 per barrel.
Gold Spot US Dollar fell 1.25% to hover around $3,286.11 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.54% at the 97.1550 level.
Asian markets ended lower on Friday, except Japan's Nikkei 225 and India's S&amp;P BSE Sensex indices. While Australia's ASX 200, China&#8217;s CSI 300, South Korea's Kospi, and Hong Kong's Hang Seng indices declined. European markets were higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><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">Microsoft Is &#8216;Playing Chess, And Others Are Playing Checkers:&#8217; Dan Ives Says MSFT Could Be A $5 Trillion Company In 18 Months</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

AOUT

APOG

CNVS

CNXC

NVDA

PONY

UBER

US Stocks Likely To Open Higher As Commerce Secretary Confirms Deal With China: Nike, Worthington Steel Surge Amid Upbeat Earnings

According to Jim Zelter of Apollo Global Management, President Donald Trump has already set the stage for passing the blame without taking any accountability for his trade, tariffs and economic policies. 
What Happened: On Thursday, speaking with Bloomberg TV, Zelter said Trump is deliberately avoiding naming a prospective Fed chair to keep the current leadership accountable for economic conditions.
&#8220;He&#8217;s in the catbird seat of blaming without accountability,&#8221; Zelter said, calling it a &#8220;classic Trump playbook,&#8221; something that allows him to shape the narrative, apply pressure, and score political points without bearing the fallout.
Zelter believes Trump&#8217;s long-standing desire for lower interest rates remains at the heart of his broader economic strategy. &#8220;He doesn&#8217;t like to pay debt, and he likes to pay low coupons on it,&#8221; he says, adding that &#8220;there&#8217;s no doubt he wants rates lower.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/10/41264336/trump-advisors-proposal-of-shadow-fed-chair-turning-jerome-powell-into-a-lame-duck-gets-slammed-by-e">Trump Advisor&#8217;s Proposal Of &#8216;Shadow Fed Chair&#8217; Turning Jerome Powell Into A Lame Duck Gets Slammed By Economist Claudia Sahm: &#8216;What Could Possibly Go Wrong? Everything!&#8217;</a>
While speculation continues to swirl over potential Fed leadership changes, Zelter doesn't believe Trump will move quickly. &#8220;I don&#8217;t suspect he&#8217;s going to do anything premature,&#8221; he added, noting that Trump benefits politically by directing criticism at the current Fed chair while avoiding responsibility for outcomes.
Zelter also addressed broader macro risks, noting that issues like tariffs and geopolitical tensions in the Middle East have been largely absorbed by the market. &#8220;The marketplace absorbed the idea of a 10% plus or minus tariff… the market has moved on,&#8221; he said. However, he flagged the ballooning U.S. deficit as the &#8220;elephant in the room.&#8221;
He also downplayed all concerns surrounding de-dollarization and waning U.S. economic dominance by paraphrasing Mark Twain, &#8220;The premise that our death is imminent is a bit premature.&#8221; He also attributed the recent weakness in the U.S. dollar to delayed hedging by foreign investors. 
&#8220;It&#8217;s a 10-year catch-up,&#8221; he said, predicting that global investors rushing to hedge exposure could drive strong results for major U.S. banks this quarter.
Why It Matters: Economist Nouriel Roubini had made similar comments two months ago, saying that Trump was <a href="https://www.benzinga.com/25/04/44941184/roubini-trump-wants-a-rate-cutbut-powells-restraint-is-the-only-thing-saving-him-from-a-market-meltdown">setting the stage</a> to blame Federal Reserve Chair Jerome Powell for the coming slowdown in growth and a recession, all resulting from the latter&#8217;s tariffs. 
This week, the prospects of Trump appointing a &#8220;Shadow Chair&#8221; to influence the Federal Reserve&#8217;s policymaking have already led to increased <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">pressure on the U.S. Dollar</a>.
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Photo courtesy: Shutterstock

Trump Has 'Already Won' By Dodging Accountability In Fed Showdown, Says Apollo's Jim Zelter

Fiscal 2026 Outlook
The Company is raising its outlook for the fiscal year for both net sales and diluted EPS. The Company now expects net sales in the range of $1.40 billion to $1.44 billion (previously $1.37 billion to $1.43 billion), diluted EPS in the range of $2.59 to $3.12 (previously $2.54 to $3.19) and adjusted diluted EPS in the range of $3.80 to $4.20 (previously $3.55 to $4.10). This includes a projected unfavorable EPS impact from tariffs of $0.35 to $0.45, which will mostly impact the first half of the fiscal year before mitigation efforts take full effect. The Company's revised outlook assumes an effective tax rate of 33% and an adjusted effective tax rate of approximately 27.5%. The Company continues to assume capital expenditures between $35 million to $40 million.
 &nbsp;

Guidance

Apogee Enterprises Raises FY2026 Adj EPS Guidance From $3.55-$4.10 To $3.80-$4.20 Vs $3.74 Est; Raises FY2026 Sales Guidance From $1.370B-$1.430B To $1.400B-$1.440B Vs $1.388B Est.

IDYA

IDEAYA Grants 95,600 Stock Options At $22.29 Under 2023 Inducement Plan To New Hire As Part Of Employment Agreement

Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) reported quarterly earnings of $0.56 per share which beat the analyst consensus estimate of $0.47 by 20.17 percent. This is a 61.11 percent decrease over earnings of $1.44 per share from the same period last year. The company reported quarterly sales of $346.62 million which beat the analyst consensus estimate of $325.48 million by 6.49 percent. This is a 4.56 percent increase over sales of $331.52 million the same period last year.

Earnings

Earnings Beats

Apogee Enterprises Q1 Adj. EPS $0.56 Beats $0.47 Estimate, Sales $346.62M Beat $325.48M Estimate

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has hailed the Cybertruck's build quality as the EV giant grapples with declining sales figures in multiple markets across the globe, which experts believe could have led to Musk&#8217;s longtime aide Omead Afshar&#8216;s <a href="https://www.benzinga.com/markets/tech/25/06/46132042/teslas-q2-sales-going-to-s-says-gary-black-after-tsla-north-america-and-europe-chief-omead-afshars-exit">exit from the company</a>.
What Happened: Quoting a video by the Tesla Cybertruck's official handle on X on Thursday, the billionaire hailed the EV pickup truck's build.
"Built bullet tough," the billionaire said in the post. The video showcased an unscathed Cybertruck getting hit with things like a shopping cart, a baseball, as well as a sledgehammer.
<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">Built bullet tough <a href="https://t.co/LHask3OkL9">https://t.co/LHask3OkL9</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1938372188731805802?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: Musk's post comes in as Tesla has been <a href="https://www.benzinga.com/markets/tech/25/06/46067027/tesla-robotaxi-faces-nhtsa-scrutiny-over-traffic-violations-during-austin-launch">under scrutiny</a> by the NHTSA, or National Highway Traffic Safety Administration, over the company's FSD technology.
Recently, a video surfaced online that showcased a Cybertruck driving in the <a href="https://www.benzinga.com/markets/tech/25/06/45991698/tesla-cybertruck-caught-driving-in-wrong-lane-on-fsd-just-days-before-robotaxi-launch">wrong lane while on FSD</a>, which could pose a threat to the occupants of the vehicle.
The company also began <a href="https://www.benzinga.com/25/05/45487522/tesla-is-accepting-trade-ins-for-2024-cybertruck-amid-plummeting-sales-figures-report">accepting trade-ins</a> for the Cybertruck last month, as the company was also reportedly sitting on <a href="https://www.benzinga.com/markets/25/05/45216453/tesla-has-over-10000-units-of-unsold-cybertrucks-in-its-us-inventory-amid-poor-sales-report">10,000 units of unsold Cybertrucks</a> in its U.S. inventory.&nbsp;
Tesla has also been <a href="https://www.benzinga.com/markets/tech/25/06/46069883/teslas-china-sales-slip-over-10-in-mid-june-after-strong-may-surge">experiencing poor sales</a> and hitting record lows in multiple markets. The decline comes as Tesla's Chinese rival BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) <a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">overtook the automaker</a> in global EV sales.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="203" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27052322/TSLA-JUN-27-2025-2-1024x203.jpg" alt="" class="wp-image-964624" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27052322/TSLA-JUN-27-2025-2-1024x203.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27052322/TSLA-JUN-27-2025-2-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27052322/TSLA-JUN-27-2025-2-768x152.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27052322/TSLA-JUN-27-2025-2-1536x304.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/27052322/TSLA-JUN-27-2025-2.jpg 1564w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/46133153/tesla-robotaxi-has-a-major-advantage-over-rivals-waymo-and-zoox-says-gary-black-could-be-very-significant">Tesla Robotaxi Has A Major Advantage Over Rivals Waymo And Zoox, Says Gary Black: &#8216;&#8230;Could Be Very Significant&#8217;</a></li>
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Photo courtesy: Jonathan Weiss / Shutterstock.com

Tech

BYDDF

BYDDY

TSLA

Elon Musk Reacts To Video Of Cybertruck Withstanding Sledgehammer Blow: 'Built Bullet Tough'

HITI

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The European Commission president, Ursula von der Leyen, has announced that the EU is open to a trade deal with the US. However, she emphasized that all options remain on the table.
What Happened: Von der Leyen stated that the EU is prepared for a trade agreement with the US, but is also considering other possibilities. She made this announcement after briefing EU leaders at a summit in Brussels, <a href="https://www.theguardian.com/world/2025/jun/26/eu-leaders-to-direct-european-commission-on-response-to-us-tariffs">reported</a> The Guardian on Thursday. 
&#8220;Our message today is clear, we are ready for a deal,&#8221; stated the EU Chief. &#8220;&#8230;we will defend the European interest as needed. In short, all options remain on the table,&#8221; she added. 
Von der Leyen also proposed initiating a "redesign" of the World Trade Organization, citing concerns that trade wars and bilateral agreements are weakening the global trading system.
The European Commission, which represents the EU&#8217;s 27 member states in trade matters, is seeking guidance&nbsp;on how to approach the&nbsp;crucial negotiations with the US. President&nbsp;Donald Trump&nbsp;has threatened to impose a 50% tariff&nbsp;on all EU goods from&nbsp;July 9 if an agreement is not reached.
Despite the looming deadline, there are differences of opinion within the EU on how to best approach the U.S. talks. German Chancellor Friedrich Merz believes a swift and simple trade deal is preferable to a slow and complex one. However, French President Emmanuel Macron contends that agreeing to an imbalanced trade relationship would undermine Europe's long-term competitiveness.
SEE ALSO: <a href="https://benzinga.com/crypto/25/06/46131453/bitcoin-ethereum-rangebound-dogecoin-dips-amid-potential-july-tariff-deadline-extension-analyst-predicts-btcs-next-big-move-once-it-breaks-out-of-this-range" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Rangebound, Dogecoin Dips Amid Potential July Tariff Deadline Extension: Analyst Predicts BTC&#8217;s &#8216;Next Big Move&#8217; Once It Breaks Out Of This Range</a>
Why It Matters: The EU&#8217;s readiness to negotiate comes in the wake of Trump&#8217;s decision <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">to extend</a> the impending 50% tariff deadline from June 1 to July 9, 2025. Trump stated that von der Leyen assured him that negotiations would commence swiftly, and he expressed his willingness to grant the extension.
U.S. President Donald Trump has warned that starting July 9, all EU goods could face a 50% tariff unless a trade agreement is reached. Currently, most EU products are subject to a 10% tariff, while cars and car parts face 25%, and steel and aluminum are taxed at 50%.
Earlier in June, at the G7 summit, von der Leyen criticized China for its <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45990356/on-this-point-donald-is-right-says-eu-chief-as-she-slams-chinas-trade-practices-at-g7-urges-trump-to-join-forces">export restrictions</a> on vital raw materials used in the production of cars, batteries, and wind turbines. She accused China of &#8220;weaponizing&#8221; its dominant position in the production and refining of critical raw materials and flouting global trade regulations to undercut rivals.
These developments underscore the EU&#8217;s commitment to fair trade practices and its readiness to defend its economic interests. As the deadline for Trump&#8217;s tariffs nears, EU member states are debating their approach to the U.S. talks.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46088808/tom-lee-on-why-feds-holding-back-while-europe-eases-aggressively-thats-the-upside-opportunity-into-year-end">Tom Lee On Why Fed&#8217;s Holding Back While Europe Eases Aggressively: &#8216;That&#8217;s The Upside Opportunity Into Year End&#8217;</a> </li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

EU 'Ready For A Deal' With US But 'All Options Remain On The Table', Says Von Der Leyen

ALOT

ISS Backs Askeladden's Push For Change At AstroNova, Citing Value Destruction, Execution Issues, And Board's Lack Of Independence

Kennedy Wilson Investment Platform Acquires 700 Multifamily Units In Arizona And Nevada For $166M Across Two Key Properties

Google parent Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) has appointed Kobi Bar-Nathan as the new finance chief for its rapidly expanding <a target="_blank" href="https://www.benzinga.com/topic/google-cloud" rel="noreferrer noopener">Google Cloud division</a>.
According to his LinkedIn profile, bar-Nathan commenced his role in June 2025, bringing <a target="_blank" href="https://www.linkedin.com/in/kobibarnathan/" rel="noreferrer noopener">extensive experience</a> from key finance leadership positions at Oracle Cloud and Microsoft Cloud.
His appointment comes at a pivotal time for Google Cloud, a significant growth engine for Alphabet. The cloud computing market remains intensely competitive, with major players like Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Microsoft Azure vying for market share.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44720974/amd-powers-google-clouds-new-ai-servers-promising-80-boost-in-speed" rel="noreferrer noopener">AMD Powers Google Cloud&#8217;s New AI Servers Promising 80% Boost In Speed</a>
Benzinga reached out to Google&#8217;s investor relations team for comment on the update, and we&#8217;re currently awaiting their response.
Alphabet reported <a target="_blank" href="https://www.benzinga.com/25/04/44995955/alphabet-q1-earnings-highlights-google-search-youtube-cloud-show-robust-momentum" rel="noreferrer noopener">first-quarter revenue</a> of $90.23 billion, up 12% year-over-year, topping the Street consensus estimate of $89.2 billion. Google Cloud revenue was $12.3 billion, up 28% Y/Y.
The company reported earnings per share of $2.81, beating a Street consensus estimate of $2.01.
In a significant development that underscores the growing demand for AI compute power, OpenAI has reportedly inked a <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/06/45868602/whats-going-on-with-alphabet-shares-today" rel="noreferrer noopener">cloud services deal</a> with Google, dumping Microsoft&nbsp;Azure, which had been its exclusive infrastructure provider until earlier this year.
Google&#8217;s cloud business accounted for $43 billion of Alphabet&#8217;s 2024 revenue and has been working to expand its share in the AI infrastructure space. Google aggressively focused on its in-house chip technology to attract enterprise clients, including&nbsp;Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;and AI-focused startups like&nbsp;Anthropic.
While Google Cloud continues its impressive growth, the competitive landscape remains intense. Wedbush analyst Dan Ives highlighted <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46132007/amazon-google-not-far-behind-but-dan-ives-says-microsoft-clearly-leading-in-these-segments-600-price-target-is-probably-conservative" rel="noreferrer noopener">Microsoft Azure&#8217;s dominance</a> in both the broader cloud and hyperscaling sectors, noting its lead over rivals like Amazon Web Services and Google.
Ives also pointed out that only about 20% of Microsoft&#8217;s current business is focused on next-generation cloud and AI. He anticipates that as this segment expands to 50-60% of their business, it will fundamentally revalue the company.
Price Action: GOOGL stock is trading higher by 0.33% to $174.12 premarket at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/06/46125295/google-future-wall-street-ai-hype-meets-skepticism" target="_blank" rel="noreferrer noopener">Google Future Divides Wall Street As AI Hype Meets Skepticism</a></li>
</ul>
Photo via Shutterstock

Management

GOOG

GOOGL

Google Cloud Hires Former Oracle CFO As AI Race Heats Up

Press Releases

Savers Value Village, Inc. Reports Third Quarter Financial Results

Savers Value Village, Inc. Announces Preliminary Fourth Quarter and Full Year Net Sales and Participation in the 27th Annual ICR Conference

Savers® Value Village® Fourth Quarter and Fiscal Year 2024 Financial Results to Be Released Thursday, February 20, 2025

Savers Value Village, Inc. Reports Fourth Quarter Financial Results

Savers® Value Village® First Quarter Fiscal Year 2025 Financial Results To Be Released Thursday, May 1, 2025

Savers Value Village, Inc. Honored with Gold Stevie® Award and Silver Stevie® Award in 2025 American Business Awards®

Savers Value Village, Inc. Reports First Quarter Financial Results

Savers Value Village, Inc. Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Savers Value Village, Inc. Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Savers Value Village, Inc. Announces Closing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

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