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Acuren

Acuren Corp operates as a provider of critical asset integrity services. The company provides testing, inspection, engineering and lab testing services in different industrial markets such as chemical, pipeline, refinery, power generation, oilsands, automotive, aerospace, mining, manufacturing, renewable energy, and pulp and paper. The company's service line includes Nondestructive Testing (NDT) techniques such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, etc., Rope Access Technician Solutions (RAT), and Engineering and Lab Testing. The company has two operating and reportable segments, which are the United States, generating maximum revenue, and Canada.

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Xos sorprende al mercado con sólidos resultados en 2024 y hace subir sus acciones antes de la apertura. Descubre más movimientos aquí.

Acciones de Xos (XOS) suben alrededor de un 9%; Aquí están 20 acciones que se mueven en el premercado de EE. UU.

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TICON PROPERTY FUND UNITS by Ticon Property Fund

Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) reported quarterly losses of $(0.03) per share. This is a 71 percent increase over losses of $(0.10) per share from the same period last year. The company reported $69.48 million in sales this quarter. This is a 74.33 percent increase over sales of $39.86 million the same period last year.

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Uxin Q1 Adj. EPS $(0.03) Up From $(0.10) YoY, Sales $69.48M Up From $39.86M YoY

In March, President Donald Trump touted a new visa for foreign nationals ready to pay $5 million for a pathway to U.S. citizenship. Applications have opened this week, with global investors waiting for their shot by signing up via The TrumpCard.gov, a new website specially launched for this visa.
What Happened: Showcasing a shining gold card featuring Trump&#8217;s face, the landing page asks potential applicants for their region, name, and whether they are applying as an individual or on behalf of a business.
Visitors have the chance to opt for one of eight geographic zones, including Asia, Europe, the Caribbean and so on. Signing up on the website does not guarantee that the applicant will receive the card.
Trump announced the launch on June 11 via Truth Social, posting in all caps: "FOR FIVE MILLION $DOLLARS, THE TRUMP CARD IS COMING!"
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="731" height="597" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12025030/image-176.png" alt="" class="wp-image-947110" style="width:350px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12025030/image-176.png 731w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12025030/image-176-300x245.png 300w" sizes="(max-width: 731px) 100vw, 731px" /></figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45896929/trump-launches-aviation-overhaul-archer-joby-new-horizon-aerovironment-rally-as-us-targets-drone-evtol-supersonic-comeback">Trump Launches Aviation Overhaul: Archer, Joby, New Horizon, AeroVironment Rally As US Targets Drone, eVTOL, Supersonic Comeback</a>
Why It Matters: The Trump Card plan seems to bypass Congress, relying on existing frameworks while promising future clarification.
In February, when Trump first announced the initiative, he floated the idea that the United States might &#8220;<a href="https://www.benzinga.com/personal-finance/25/03/44237846/trump-proposes-special-a-gold-card-for-wealthy-immigrants-that-costs-5-million-says-selling-enough-could-wipe-out-americas-national-debt">sell maybe a million of these cards</a>, maybe more than that.&#8221; He noted that if each Trump Card is priced at $5 million, selling a million could generate $5 trillion in revenue.
&#8220;And if you sell 10 million of the cards, that&#8217;s a total of $50 trillion,&#8221; he added. &#8220;We have $35 trillion in debt. That&#8217;ll be nice, so we&#8217;ll see.&#8221;
Trump insisted this is not citizenship-for-cash, but a "sophisticated" version of a green card. The concept parallels the existing EB-5 investor visa, which enables foreigners to obtain a green card by investing up to $1.05 million in job-creating projects.
Trump said this new card will draw high-value individuals who, in his words, "will be spending a lot of money, and paying a lot of taxes and employing a lot of people."
The Trump Card has drawn mixed reactions from various sectors. While many in the <a href="https://www.benzinga.com/real-estate/25/03/44210225/trumps-gold-card-visa-program-is-causing-panic-in-real-estate-circles-heres-why">real estate circles derided the potential loss of the EB-5 investor visa</a>, which has typically been a source of foreign capital for developers, Real estate mogul Grant Cardone called it a <a href="https://www.benzinga.com/startups/25/03/44082721/grant-cardone-trumps-gold-card-is-a-smart-way-to-attract-money-and-bring-in-more-conservative-voters">&#8220;smart way to attract money</a> and bring in more conservative voters.&#8221;
Billionaire Mark Cuban expressed his support for the Trump card, provided they are <a href="https://www.benzinga.com/25/03/44070799/mark-cuban-supports-trumps-new-gold-card-scheme-if-sold-to-corporations-for-employee-citizenship-have-a-look-at-the-listed-companies-with-most-number-of-immigrants">sold to corporations</a> that hire immigrants.
In late March, Commerce Secretary Howard Lutnick said he sold 1,000 of these cards in a single week, and indicated that <a href="https://www.benzinga.com/news/25/03/44519944/elons-building-me-the-software-right-now-commerce-secretary-howard-lutnick-says-he-sold-1k-trump-cards-for-5m-each-in-one-day">Elon Musk was involved with the development of the required software</a>.
At the time, Lutnick said the program would be <a href="https://www.benzinga.com/personal-finance/25/03/44524589/president-trumps-golden-visa-will-be-ready-in-2-weeks-commerce-secretary-lutnick-says-1000-have-already-been-sold">launched in the coming two weeks,</a> but that timeline was not maintained.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/25/06/45896615/us-recession-odds-tumble-to-23-on-crypto-betting-market-after-trump-confirms-china-trade-deal-softer-inflation-numbers">US Recession Odds Tumble To 23% On Crypto Betting Market After Trump Confirms China Trade Deal, Softer Inflation Numbers</a></li>
</ul>
Photo courtesy: Rawpixel.com / Shutterstock.com

Politics

Pay $5 Million, Get The 'Trump Card:' New Visa Program Now Accepting Applications

On Wednesday, President Donald Trump's legal battle to reverse his felony conviction entered a new stage as his attorneys asked a federal appeals court to move his hush money case out of New York's state system.
The hearing marks the most notable development since Trump was sentenced earlier this year, becoming the first U.S. president with a <a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">criminal conviction.</a>
What Happened: The appeal was heard in Manhattan by a three-judge panel, NPR <a href="https://www.npr.org/2025/06/11/nx-s1-5428246/trump-continues-to-appeal-historic-criminal-case-hush-money-stormy-daniels">reports</a>. It stems from Trump's effort to transfer his case to federal court under a law that allows such shifts if the charges relate to official duties performed in office.
The offense in question is falsifying records to hide a payment to adult entertainment star Stormy Daniels. It took place during Trump's 2016 campaign, but his lawyers argue that trial evidence, including testimony from ex-White House officials, justifies federal jurisdiction.
"Everything about this cries out for a federal court room," said Jeffrey Wall, Trump's counsel and former acting solicitor general. The hearing took more than an hour, exceeding the 20 minutes originally scheduled. Trump did not appear in court.
See Also: &nbsp;<a href="https://www.benzinga.com/news/politics/25/06/45897986/trump-hints-at-possible-reconciliation-with-elon-musk-but-admits-feeling-disappointed-i-have-no-hard-feelings">Trump Hints At Possible Reconciliation With Elon Musk, But Admits Feeling Disappointed: &#8216;I have no hard feelings…&#8217;</a>
Why It Matters: This unusual appeal is relying on the Federal Officer Removal Statute, originally intended to protect federal officials from hostile state courts. Trump's team says the law applies now because testimony came from his time in office. Notably, the Department of Justice submitted an amicus brief in support of his argument, which is considered to be an extraordinary move.
Opposing counsel Steven Wu of the Manhattan DA's office countered that the law is meant to determine venue before a trial begins, not after sentencing. "The point is not to divert a case into federal court during the appellate process," Wu argued.
Judge Myrna Pérez acknowledged the novelty of the situation, saying, "It seems to me that we got a very big case that created a whole new world of presidential immunity, and that the boundaries are not clear at this point."
Trump was <a href="https://www.benzinga.com/24/12/42521426/trumps-hush-money-conviction-upheld-amid-presidential-immunity-controversy-alvin-bragg-says-overwhelming-evidence-of-guilt">convicted on 34 counts</a> related to covering up a hush payment made in 2016, just before taking office for a second term. He was sentenced to an unconditional discharge, meaning no jail time or fines, but the conviction remains on record.
&#8220;I would just like to explain that I was treated very, very unfairly,&#8221; Trump said during his sentencing. With federal judges now listening arguments from both sides, the outcome could ultimately land before the U.S. Supreme Court.
This is Trump's second attempt to move the hush money trial to federal court. The earlier attempt was <a href="https://www.benzinga.com/news/24/09/40699789/judge-rejects-trumps-attempt-to-move-hush-money-trial-to-federal-court-citing-lack-of-good-cause">denied in September 2024</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45897431/gary-black-says-musks-apology-should-repair-relations-with-trump-weighs-in-on-cybercab-production-elon-likely-realized-that-tesla-needs-help">Gary Black Says Musk&#8217;s Apology Should &#8216;Repair&#8217; Relations With Trump, Weighs In On Cybercab Production: &#8216;Elon Likely Realized That Tesla Needs Help&#8217;</a></li>
</ul>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump Hush Money Case Returns To Spotlight As Appeals Court Weighs Move From State To Federal Courtroom

President Donald Trump and Vice President JD Vance intensified pressure on Federal Reserve Chairman Jerome Powell to cut interest rates by a full percentage point Wednesday, following the release of cooler-than-expected May inflation data that showed consumer prices rising just 0.1% monthly.
What Happened: Vance labeled the Fed&#8217;s reluctance to cut rates as &#8220;monetary malpractice&#8221; in a post on X, echoing Trump&#8217;s aggressive stance. &#8220;The president has been saying this for a while, but it&#8217;s even more clear: the refusal by the Fed to cut rates is monetary malpractice,&#8221; Vance wrote.
<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">The president has been saying this for a while, but it&#39;s even more clear: the refusal by the Fed to cut rates is monetary malpractice. <a href="https://t.co/HqUjWxwcHs">https://t.co/HqUjWxwcHs</a>
&mdash; JD Vance (@JDVance) <a href="https://twitter.com/JDVance/status/1932784894830145637?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Trump simultaneously posted on Truth Social: &#8220;CPI JUST OUT. GREAT NUMBERS! FED SHOULD LOWER ONE FULL POINT. WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE. SO IMPORTANT!!!&#8221;
The Bureau of Labor Statistics <a href="https://www.bls.gov/news.release/cpi.nr0.htm">reported</a> May CPI increased 2.4% annually, up from April&#8217;s 2.3% but below economists&#8217; expectations. Core CPI, excluding volatile food and energy prices, rose 2.8% year-over-year, also below the forecasted 2.9%.
The latest employment <a href="https://www.bls.gov/news.release/empsit.nr0.htm">data</a> showed 139,000 jobs added in May, exceeding the 130,000 consensus estimate but representing slower growth than April&#8217;s revised 147,000 gain.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45898118/victorias-secret-expects-50-million-tariff-hit-in-2025-cfo-scott-sekella-says-q4-to-bear-largest-dollar-hit">Victoria&#8217;s Secret Expects $50 Million Tariff Hit In 2025 — CFO Scott Sekella Says Q4 To Bear Largest Dollar Hit</a>
Why It Matters: Fed officials face mounting pressure as tariff-driven inflation concerns clash with cooling labor markets. Chicago Fed President Austan Goolsbee warned that Trump&#8217;s <a href="https://www.benzinga.com/top-stories/25/05/45590626/feds-goolsbee-warns-tariff-shock-may-delay-rate-cuts-worst-situation-for-central-bank">fluctuating trade policies create stagflation risks</a> &#8211; the &#8220;central bank&#8217;s worst situation&#8221; for monetary policy decisions.
Economists remain divided on Fed strategy, with some advocating immediate July cuts while others support the &#8220;wait and see&#8221; approach until tariff impacts fully materialize. <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45832125/as-trump-flames-powell-for-holding-back-on-rate-cuts-economists-divided-on-feds-approach">CME Group&#8217;s FedWatch tool shows</a> 99.9% probability of unchanged rates at the June meeting, though September cut odds exceed 60%.
The pressure campaign reflects Trump&#8217;s pattern of <a href="https://www.benzinga.com/markets/25/05/45125413/trump-slams-stubborn-federal-reserve-for-not-cutting-interest-rates-they-want-to-be-cute">criticizing Powell</a>, previously calling the Fed &#8220;stubborn&#8221; and claiming superior knowledge of interest rate policy. Read Next:
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<li><a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45898040/scott-bessent-signals-willingness-to-extend-tariff-pause-for-good-faith-negotiations-trump-thinks-not-a-necessity">Scott Bessent Signals Willingness To Extend Tariff Pause For &#8216;Good Faith&#8217; Negotiations, Trump Thinks Not A &#8216;Necessity&#8217;</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: Joshua Sukoff / Shutterstock.com

Trump And JD Vance Push Fed To Slash Interest Rates After Mild Inflation Report, Calling Current Policy 'Monetary Malpractice'

<h3>Companies Reporting Before The Bell</h3>
• America's Car-Mart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) is expected to report quarterly earnings at $0.86 per share on revenue of $343.50 million. 
• Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is estimated to report quarterly loss at $0.84 per share on revenue of $136.05 million. 
• Global X Guru Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GURU#NYSE">GURU</a>) is likely to report quarterly loss at $0.05 per share on revenue of $8.42 million. 
• Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) is estimated to report earnings for its first quarter. 
• Yiren Digital (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) is expected to report earnings for its first quarter. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is expected to report quarterly loss at $0.15 per share on revenue of $88.87 million. 
• Tuniu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOUR#NASDAQ">TOUR</a>) is likely to report earnings for its first quarter. 
<h3>Companies Reporting After The Bell</h3>
• RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) is projected to report quarterly loss at $0.07 per share on revenue of $818.57 million. 
• Nano Dimension (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNDM#NASDAQ">NNDM</a>) is likely to report earnings for its first quarter. 
• Zedge (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZDGE#AMEX">ZDGE</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $6.74 million. 
• Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) is projected to report quarterly earnings at $4.97 per share on revenue of $5.80 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For June 12, 2025

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is doubling down on its entertainment business with a high-stakes movie, &#8220;F1,&#8221; featuring the renowned Formula 1 driver&nbsp;Lewis Hamilton.
What Happened:&nbsp;Apple CEO Tim Cook, in an interview with &nbsp;<a href="https://variety.com/2025/film/news/f1-apple-movie-strategy-tim-cook-lewis-hamilton-1236424270/">Variety</a>&nbsp;on Wednesday, highlighted that the same technology used in the film is incorporated into the latest iPhone model. &#8220;..just like we leverage the best of Apple across iPhones and across our services, we try to leverage the best of Apple TV+,&#8221; stated Cook. 
Apple&#8217;s investment in &#8220;F1&#8221; marks a significant milestone in its expansion into film and TV production over the past six years.&nbsp;The film is a product of&nbsp;Apple Original Films, Pitt's Plan&nbsp;B, Jerry Bruckheimer Films and Hamilton's Dawn Apollo banner, with Warner Bros. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMD#NYSE">WMD</a>) handling worldwide theatrical distribution. 
Directed by &#8220;Top Gun: Maverick&#8221; filmmaker Joseph Kosinski, the film has received substantial investment in cutting-edge camera technology to vividly capture the high-intensity world of auto racing. 
Tim Cook says the company&#8217;s content efforts, like its involvement in Formula 1 and camera technology, aren't aimed at boosting iPhone sales directly. Instead, he views Apple TV+ as a standalone business that benefits from the company's broader strengths, much like its other products and services. 
"I don't have it in my mind that I'm going to sell more iPhones because of it," explained Cook. 
Apple is teaming up with Lewis Hamilton on a documentary about his life and may also bid for U.S. Formula 1 TV rights starting in 2026.
SEE ALSO:&nbsp;<a href="https://benzinga.com/crypto/25/06/45896961/bitcoin-ethereum-dogecoin-fail-to-cheer-softer-inflation-china-trade-deal-analyst-says-btc-needs-to-hold-above-this-level-to-maintain-bullish-momentum" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Fail To Cheer Softer Inflation, China Trade Deal: Analyst Says BTC Needs To Hold Above This Level To Maintain &#8216;Bullish Momentum&#8217; &#8211; Grayscale Bitcoin Mini Trust (BTC) Common</a>
Why It Matters:&nbsp;Apple&#8217;s foray into film production comes as the company has been making significant strides in expanding its streaming service, Apple TV+. Despite&nbsp;<a href="https://www.benzinga.com/markets/25/03/44430524/apple-tv-bleeding-over-1-billion-yearly-as-streaming-war-heats-up-report">reported losses</a>&nbsp;exceeding $1 billion annually, Apple has continued to invest heavily in content.
The company has also been seeking to expand its user base, with a recent move to make the&nbsp;Apple TV+ app available on <a href="https://www.benzinga.com/25/02/43885302/apple-expands-apple-tv-to-android-eyes-subscription-growth-and-ecosystem-expansion-analyst-says">Android devices</a>. The &#8220;F1&#8221; film and potential bid for Formula 1 TV rights align with this strategy, potentially drawing in new subscribers and bolstering the Apple ecosystem.
Furthermore, the advanced camera technology used in the film, which is also incorporated into the latest iPhone model, could serve to showcase Apple&#8217;s tech capabilities. This comes amid&nbsp;criticism of the <a href="https://www.benzinga.com/markets/tech/25/06/45852236/steve-jobs-would-have-fired-everyone-apples-liquid-glass-in-ios-26-gets-roasted-online-dan-ives-calls-wwdc-2025-a-yawner">company&#8217;s recent</a> iOS 26 design, dubbed &#8220;Liquid Glass&#8221;.
Benzinga's Edge Rankings place Apple in the 77th percentile for quality and the 9th percentile for value, reflecting its mixed performance. Check the detailed report <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a>.&nbsp;
<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/2025/06/12040101/Screenshot-2025-06-12-at-1.30.56%E2%80%AFPM.png" alt="" class="wp-image-947214" /></a></figure>
On a year-to-date basis, Apple declined 18.48%, according to data from <a href="http://pro.benzinga.com">Benzinga Pro.</a>
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45831309/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud" target="_blank" rel="noreferrer noopener">Why Jeff Bezos Might Emerge As The Biggest Winner In The Trump-Musk Feud</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.

AAPL

Tim Cook Explains Why Apple's 'F1' Movie Bet With Lewis Hamilton Serves More Than Just iPhone Sales

OpenAI is reportedly seeking to <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">raise $40 billion in funding</a>, with major investments from Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries and the existing shareholder UAE's MGX.
What Happened: Each investor could contribute at least several hundred million dollars, reported Reuters, <a href="https://www.theinformation.com/articles/openai-discussed-raising-money-saudi-arabia-indian-investors">via</a> The Information.
The Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) backed startup is seeking additional funding to support its model development and its ambitious infrastructure project, Stargate, with the financing round being led by SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>).
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>
OpenAI is also in talks with other major investors, including Coatue and Founders Fund, aiming to raise at least $100 million from each of these firms. The company is reportedly planning an additional $17 billion in funding for 2027, the report added.
Why It&#8217;s Important: Earlier this week, it was reported that <a href="https://www.benzinga.com/markets/tech/25/06/45852700/openai-surges-past-10-billion-in-annualized-revenue-amid-record-chatgpt-use-leaves-rivals-like-amazon-backed-anthropic-behind">OpenAI&#8217;s annualized revenue</a> run rate has nearly doubled to $10 billion, up from $5.5 billion at the end of 2024, excluding Microsoft licensing and one-time deals.
The growth is driven by strong adoption of ChatGPT, which had 500 million weekly active users as of March.
Benzinga's Edge Stock Rankings suggest a positive outlook for Microsoft 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 detailed metrics are available here</a>.
<figure class="wp-block-image aligncenter 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/2025/06/12032758/Screenshot-2025-06-12-at-12.56.40%E2%80%AFPM.png" alt="" class="wp-image-947167" /></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>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Svet foto / Shutterstock.com

Tech

MSFT

SFTBF

SFTBY

OpenAI Looks To Raise $40 Billion From Global Investors Including Saudi Arabia's PIF, India's Reliance Industries To Accelerate AI Models And Stargate: Report

Leading Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advocate Michael Saylor is not too worried about quantum computing&#8217;s potential threat to the network&#8217;s security.
What Happened: During an interview <a href="https://www.youtube.com/watch?v=OBSKfSCfRt0">with</a> Bloomberg that aired Tuesday, the Strategy co-founder was asked about the possibility of quantum computing breaking Bitcoin&#8217;s cryptography.
&#8220;I don&#8217;t&nbsp;worry about it,&#8221; Saylor replied. &#8220;Microsoft and&nbsp;Google market their quantum projects,&nbsp;but they would never sell&nbsp;a quantum computer that cracked&nbsp;cryptography because it would destroy&nbsp;their own companies.&#8221;
Saylor said that while powerful computers may pose a threat to modern cryptography in the next 10-20 years or so, companies like&nbsp;Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Google [Alphabet Inc. (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>)], and&nbsp;JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) will be more vulnerable.
&#8220;When&nbsp;it is a threat, all&nbsp;of these organizations will upgrade&nbsp;their cryptography protocols to be&nbsp;quantum-resistant,&#8221; he predicted. &#8220;You will see it coming a mile away, and every other digital entity in the world is more vulnerable to that idea or threat than Bitcoin.
Benzinga reached out to Microsoft and Google for comment on the claims made by Saylor.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Strategy Buys Another $110 Million of Bitcoin &#x7C; Bloomberg Crypto 6/10/2025" width="500" height="281" src="https://www.youtube.com/embed/OBSKfSCfRt0?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/markets/cryptocurrency/24/11/41703454/analyst-says-this-crypto-could-explode-by-up-to-3-765-and-it-is-not-bitcoin-or-solana" target="_blank" rel="noreferrer noopener">Analyst Says This Crypto Could Explode By Up To 3.765%, And It Is Not Bitcoin Or Solana</a>
Why It Matters:&nbsp;Saylor&#8217;s optimism comes despite growing concerns about the vulnerability of Bitcoin to quantum computing.&nbsp;A study by&nbsp;Google last month suggested&nbsp;that quantum computers could crack RSA encryption, similar to the <a href="https://www.benzinga.com/money/what-is-cryptography" target="_blank" rel="noreferrer noopener">Elliptic Curve Cryptography algorithm</a> used in securing Bitcoin, 20 times faster than expected.
Concerns over&nbsp;<a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate" target="_blank" rel="noreferrer noopener">Bitcoin's cryptography</a>&nbsp;have been mounting since the release of Google's next-generation quantum chip, &#8220;Willow," last year. &nbsp;The chip can solve a standard benchmark computation in under five minutes, a task that would take the world&#8217;s fastest supercomputers 10 septillions, or 10^25, years to solve.
While some experts<a href="https://www.benzinga.com/24/12/42455205/will-googles-new-willow-chip-break-bitcoin-some-dismiss-it-as-fantasy-while-others-flag-risk-that-isnt-immediate" target="_blank" rel="noreferrer noopener">&nbsp;ruled out immediate dangers</a>, others advocated for proactive measures to prepare for the threat, such as switching to quantum-resistant algorithms.
A&nbsp;study led by the University of Kent&#8217;s School of Computing&nbsp;estimated that a protocol update to protect Bitcoin from quantum computing threats <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42546731/bitcoin-could-require-over-300-days-of-downtime-to-prepare-it-for-the-quantum-era-shows-study-amid-google-willow-chip-concern">would require taking the cryptocurrency offline for about 76 days</a>, provided 100% of the bandwidth is committed to the process.
Price Action:&nbsp; Interestingly, quantum computing stocks such as Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) and <a href="NASDAQ: RGTI">Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>)</a> have been on a tear lately. 
QUBT closed 25% higher at $18.97 on Wednesday, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;Over the month, the stock has surged 108%. Similarly, RGTI rallied 11.3% to $12.51 on Wednesday.
QUBT demonstrated a very high momentum score as of this writing. To check out how other quantum computing stocks stack up, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="561" height="341" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032256/image-178.png" alt="" class="wp-image-947157" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032256/image-178.png 561w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12032256/image-178-300x182.png 300w" sizes="(max-width: 561px) 100vw, 561px" /></figure>
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<li><a href="https://benzinga.com/analyst-ratings/analyst-color/24/07/39712837/bitcoin-to-hit-200k-in-2025-analysts-say-core-scientific-iren-energy-will-outperfor" target="_blank" rel="noreferrer noopener">Bitcoin To Hit $200K In 2025: Analysts Say Core Scientific, Iren Energy Will Outperform</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>
Image Via Shutterstock

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

Cryptocurrency

Equities

Markets

$BTC

GOOG

GOOGL

QUBT

RGTI

Michael Saylor Shrugs Off Quantum Computing Threat To Bitcoin, Warns Companies Like Microsoft, Google More Vulnerable: 'You'll See It Coming A Mile Away'

Health Secretary Robert F. Kennedy Jr. named eight new members to the CDC&#8217;s Advisory Committee on Immunization Practices on Wednesday, including several anti-vaccine proponents, after <a href="https://www.benzinga.com/news/health-care/25/06/45853393/robert-kennedy-jr-axes-entire-cdc-vaccine-panel-to-restore-public-trust-pfizer-moderna-other-biotech-stocks-drop-in-after-hours-trading">dismissing all 17 existing advisers</a>.
What Happened: The reconstituted panel includes Robert Malone, a prominent mRNA vaccine opponent aligned with Kennedy&#8217;s Make America Healthy Again movement, and Retsef Levi, who has called for the immediate withdrawal of mRNA vaccines, citing serious harm risks, according to a Reuters report.
The committee advises the CDC on immunization schedules after FDA approval, directly influencing insurance coverage and vaccine policy.
Kennedy justified the overhaul to &#8220;re-establish public confidence in vaccine science,&#8221; claiming prior Biden-appointed members had conflicts of interest without providing specific evidence. The new eight-member committee represents the minimum allowed under ACIP&#8217;s founding charter. See Also:<a href="https://www.benzinga.com/markets/equities/25/06/45897549/jim-cramer-says-america-wont-be-truly-liberated-until-it-strikes-rare-earth-deals-with-other-countries-us-doesnt-have-the-cards"> Jim Cramer Says America Won&#8217;t Be &#8216;Truly Liberated&#8217; Until It Strikes Rare-Earth Deals With Other Countries: US Doesn&#8217;t &#8216;Have The Cards&#8217;</a>
Why It Matters: Kennedy previously fired the entire 17-member panel Monday through a Wall Street Journal op-ed, arguing it had become a &#8220;rubber stamp for any vaccine.&#8221;
The Trump administration simultaneously terminated a $600 million Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) contract for mRNA bird flu vaccine development and removed COVID-19 vaccines from recommended schedules for <a href="https://www.benzinga.com/news/health-care/25/06/45810364/rfk-jr-champions-medical-freedom-while-curtailing-access-say-public-health-experts">healthy pregnant women and children</a>. Kennedy&#8217;s broader <a href="https://www.benzinga.com/government/regulations/25/03/44519638/us-department-of-health-and-human-services-aligns-with-trumps-executive-order-to-cut-10k-jobs-save-18-billion">healthcare restructuring eliminated</a> 10,000 HHS positions to save $1.8 billion annually.
Market reaction was mixed, with Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) and Pfizer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) shares declining marginally while Novavax Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) rose in after-hours trading. Earlier this year, <a href="https://www.benzinga.com/markets/25/03/44550801/rfk-jr-spreading-misinformation-and-lies-fdas-top-vaccine-official-walks-out-sparking-debate-on-safety-and-public-trust">FDA&#8217;s top vaccine official</a>, Peter Marks, resigned after condemning Kennedy&#8217;s &#8220;misinformation and lies.&#8221;
The new panel will attend the June 25 ACIP meeting, originally scheduled to deliberate flu shots and 2025-26 COVID-19 booster recommendations. Critics argue Kennedy&#8217;s &#8220;medical freedom&#8221; messaging contradicts policies that restrict vaccine access. Read Next:
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RFK Jr. Appoints Vaccine Critics To CDC Vaccine Panel After Firing Entire Advisory Committee: Report

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Ericsson And Google Cloud Launch AI-Powered On-Demand Platform To Deliver Carrier-Grade 5G Core as-a-Service For CSPs

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NXP And Rimac Technology Co-Develop Centralized Vehicle Architecture Using S32E2 Processors To Consolidate Over 20 ECUs

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Market veteran Lawrence McDonald has a stark warning regarding a recent GOP proposal spearheaded by Sen. Ted Cruz (R-Texas) that calls for nixing federal interest payments to banks.
What Happened: On Wednesday, McDonald, the founder of the newsletter The Bear Traps Report, posted on X, quoting a post by Bloomberg reporter Steven Dennis.
The post shared by Dennis features a fact sheet containing a proposal by Cruz to eliminate the interest rate on the reserve balances (IORB) program instituted in 2008. According to Cruz, the policy costs taxpayers more than $100 billion annually and has cost an estimated $1.1 trillion over time, with nearly half of it going to foreign financial institutions.
&#8220;It makes no sense to keep enriching banks, especially non-American ones, while the American taxpayer suffers under ballooning deficits,&#8221; Cruz wrote in the circulated fact sheet.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45897549/jim-cramer-says-america-wont-be-truly-liberated-until-it-strikes-rare-earth-deals-with-other-countries-us-doesnt-have-the-cards">Jim Cramer Says America Won&#8217;t Be &#8216;Truly Liberated&#8217; Until It Strikes Rare-Earth Deals With Other Countries: US Doesn&#8217;t &#8216;Have The Cards&#8217;</a>
While this measure was adopted to stabilize the financial markets during the 2008 financial crisis, it&#8217;s potential repeal is being flagged by McDonald as financial repression. 
&#8220;Financial repression is coming,&#8221; McDonald wrote on X, drawing parallels between this proposal and other crisis-era moves, which involve the government channeling funds from the private sector to itself, in order to tide over deep fiscal stress.
<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">Financial repression is coming. High alert, wake the -/// up… <a href="https://t.co/JN2H2uquiv">https://t.co/JN2H2uquiv</a>
&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1932959369060045239?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: While McDonald has raised concerns regarding Cruz&#8217;s plans, several other experts and economists have come out in support.
This includes Jeremy Siegel, a senior economist at WisdomTree, who called the political interest in the <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45855937/jeremy-siegel-backs-ted-cruzs-plan-to-end-fed-interest-payments-on-excess-reserves-potentially-saving-2-trillion-in-deficits-not-a-trivial-concern">Fed&#8217;s operating regime</a> a &#8220;potentially underappreciated development.&#8221;
The strategists at JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), however, have warned against this move, saying that abolishing the IORB will lead to liquidity issues for banks, alongside the crowding of participants in Treasury bills, repurchase agreements, and fed funds.
Read More: 
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45897537/jamie-dimon-recalls-first-palantir-meeting-holy-christ-this-is-unbelievable-jpmorgan-now-has-600-ai-use-cases-2-billion-annual-investment-on-ai">Jamie Dimon Recalls First Palantir Meeting: &#8216;Holy Christ, This Is Unbelievable—&#8217; JPMorgan Now Has 600 AI Use Cases, $2 Billion Annual Investment On AI</a></li>
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Economics

'Financial Repression Is Coming,' Warns Lawrence McDonald As Ted Cruz Seeks To End $1.1 Trillion Fed Interest Payment Scheme

Westlake Epoxy Collaborates With Alpha Recyclage Composites To Expand Recycling Capacity For Carbon Fiber Composite Materials

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Editas Medicine Reports 58% Mean HBG1/2 Promoter Editing At Five Months Using Single-Dose tLNP Delivery in Non-Human Primates

Reported Earlier, Canadian Pacific Railway Company To Issue C$500M At 4.00%, C$600M At 4.40%, And C$300M At 4.80% In CPKC-Guaranteed Offering

Basketball legend Shaquille O&#8217;Neal, often known as&nbsp;Shaq, will pay $1.8 million to <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45614311/fraudster-sam-bankman-fried-set-to-leave-prison-four-years-early-as-good-conduct-credits-trim-his-25-year-sentence">settle allegations that he promoted unregistered securities</a> through his endorsement of the collapsed cryptocurrency exchange FTX.
What Happened: The proposed settlement, filed in Florida federal court on Wednesday, resolves a class action lawsuit without O&#8217;Neal admitting wrongdoing. The deal marks one of the first high-profile celebrity settlements stemming from FTX&#8217;s November 2022 bankruptcy, <a href="https://www.cnbc.com/2025/06/11/shaq-settle-ftx-lawsuit.html">reported</a> CNBC.
Plaintiffs accused the NBA superstar of presenting FTX as a trustworthy investment platform through live events and social media content. The class action covers investors who deposited funds into FTX or held its proprietary FTT token between May 2019 and late 2022.
Court documents show FTX paid O&#8217;Neal nearly $750,000 for his promotional efforts. O&#8217;Neal previously told CNBC in 2022 that he &#8220;was just a paid spokesperson for a commercial&#8221; regarding his FTX involvement.
The $1.8 million settlement will cover all legal fees, administrative costs, and investor payouts if approved by the court. The agreement includes broad liability protection for O&#8217;Neal and bars him from seeking reimbursement from the FTX bankruptcy estate.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45897032/cathie-woods-ark-invest-continues-to-offload-palantir-loads-up-on-beam-therapeutics-gitlab">Cathie Wood&#8217;s Ark Invest Continues To Offload Palantir, Loads Up On Beam Therapeutics, GitLab</a>
Why It Matters: Unlike other celebrity endorsers, including Tom Brady, Gisele Bündchen, and Stephen Curry, whose cases were largely dismissed, O&#8217;Neal remained entangled in litigation after a prolonged effort to serve him legal papers.
The settlement follows O&#8217;Neal&#8217;s $11 million payout in November 2024 related to his promotion of the Astrals NFT project, highlighting ongoing legal <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45614311/fraudster-sam-bankman-fried-set-to-leave-prison-four-years-early-as-good-conduct-credits-trim-his-25-year-sentence">challenges for celebrity crypto endorsers</a>.
FTX founder Sam Bankman-Fried received a 25-year federal prison sentence in March 2024 for orchestrating what prosecutors called an &#8220;$11 billion fraud&#8221; involving customer deposits. His projected release date is December 14, 2044, reflecting good conduct time credits that could <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45767539/anthony-scaramucci-says-sam-bankman-frieds-25-year-sentence-is-too-steep">reduce his sentence by over four years</a>.
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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.
Photo courtesy: Ron Adar / Shutterstock.com

NBA Legend Shaq Settles FTX Class Action For $1.8 Million Without Admitting Fault In Crypto Promotion Case

IPOs

CHYM

Reported Earlier, Chime Prices Initial Public Offering Of 32M Class A Common Shares At $27.00 Each

On Wednesday, Victoria's Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) CFO Scott Sekella explained how the company plans to manage the $50 million tariff impact across the second, third and fourth quarters.
What Happened: During the <a href="https://www.benzinga.com/markets/earnings/25/06/45887760/pink-power-tariff-trouble-victorias-secret-battles-flat-sales-rising-costs">company's first-quarter earnings</a> call, Sekella addressed the $50 million net tariff impact, stating that $10 million of this would be felt in the second quarter, while the remainder would be spread across the third and fourth quarters.
He said, "I think it&#8217;s going to be over Q3 and Q4 and fluctuate with the size of the volume in each of the quarters," adding, "There is more of an impact dollar-wise just because it&#8217;s a bigger quarter in Q4. But from a sort of rate or basis point impact, it should be relatively similar across Q3 and Q4."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45807465/dan-ives-calls-musk-trump-feud-a-twilight-zone-moment-but-bullish-on-tesla-and-autonomous-future-not-good-for-either-side" target="_blank" rel="noreferrer noopener">Dan Ives Calls Musk-Trump Feud A ‘Twilight Zone Moment&#8217; But Bullish On Tesla And Autonomous Future: ‘Not Good For Either Side&#8217;</a>
Why It's Important: The company reported adjusted earnings of 9 cents per share for the quarter, matching analyst expectations. Revenue held steady year-over-year at $1.35 billion, also aligning with Wall Street projections.
Victoria's Secret also revised its full-year 2025 adjusted operating income outlook to a range of $270 million to $320 million, down from its previous estimate of $300 million to $350 million.
It anticipates a net tariff-related impact of around $50 million for the year.
It maintained its full-year 2025 revenue forecast between $6.20 billion and $6.30 billion, which is close to the consensus figure of $6.24 billion.
Price Action: Victoria's Secret &amp; Co. shares dropped 5.36% on Wednesday but ticked up 0.48% in after-hours trading, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
According to Benzinga's Edge Stock Rankings, VSCO shows upward momentum in the short term, though trends remain negative over medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12023445/Screenshot-2025-06-12-at-12.01.10%E2%80%AFPM.png" alt="" class="wp-image-947071" /></a></figure>
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VSCO

Victoria's Secret Expects $50 Million Tariff Hit In 2025 — CFO Scott Sekella Says Q4 To Bear Largest Dollar Hit

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