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TRANSMEDICS GROUP INC

TransMedics Gr

TransMedics Group Inc is a commercial-stage medical technology company transforming organ transplant therapy for end-stage organ failure patients across multiple disease states. It has developed the Organ Care System(OCS) to comprehensively address the limitations of cold storage. The OCS is a portable organ perfusion, optimization and monitoring system that utilizes technology to replicate near-physiologic conditions for donor organs outside of the human body. The Company has developed and is commercializing a proprietary system to preserve and deliver human organs for transplant in a near-physiologic condition to address the limitations of cold storage organ preservation.

TransMedics Group

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Pinterest sube un 12,7 % tras superar ingresos del primer trimestre y aumentar usuarios mensuales. Otras acciones también reaccionan.

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TransMedics Group Inc

The escalating public feud between Elon Musk and President Donald Trump has prompted a response from billionaire investor Mark Cuban.
What Happened: Cuban&#8217;s comment came during a brief exchange with TheStreet Roundtable on Friday. When asked about the Musk-Trump spat, Cuban simply <a href="https://roundtable.rtb.io/">replied</a>, &#8220;All I'll say is that I bought a bunch of popcorn.&#8221;
The feud between Musk and Trump intensified this week after Musk publicly criticized Trump&#8217;s administration over the &#8220;One Big Beautiful Bill.&#8221;
In response,&nbsp;Trump threatened to terminate billions&nbsp;in government contracts with Musk&#8217;s companies, including&nbsp;SpaceX&nbsp;and&nbsp;Tesla Inc.
Musk further escalated the situation with a shocking social media post claiming that&nbsp;Trump is in the Epstein&nbsp;files. 
This revelation&nbsp;sent shockwaves across social media&nbsp;and markets, causing Tesla shares to drop by 14% and&nbsp;DJT, the stock tied to&nbsp;Trump&#8217;s media company, to fall over 8%. Bitcoin also saw a near 4% slip.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45827968/trump-vs-musk-betting-markets-anticipate-next-move-in-musk-trump-feud-predict-low-chances-of-musk-forming-political-party">Trump vs. Musk: Betting Markets Anticipate Next Move in Musk-Trump Feud, Predict Low Chances of Musk Forming Political Party</a>
Despite the significant influence&nbsp;both Trump and Musk have&nbsp;in the crypto and tech&nbsp;markets, this public fallout&nbsp;has caught even their closest&nbsp;allies by surprise.
Why It Matters: The feud between these two influential figures has the potential to impact not only their personal reputations but also the companies they represent. Musk&#8217;s Tesla and SpaceX, as well as Trump&#8217;s media company, are all at risk of financial repercussions due to this public spat. 
The significant drop in Tesla&#8217;s shares and DJT stock following Musk&#8217;s controversial social media post is a clear indication of the potential damage such public feuds can cause. 
Furthermore, the ripple effect on Bitcoin&#8217;s value shows that the influence of these two figures extends beyond their respective companies and into the broader market. 
As the feud continues to unfold, investors and market watchers will be keeping a close eye on the potential fallout.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45827849/public-fight-between-trump-and-musk-rocks-tesla-spacex-here-are-the-biggest-bombshells">Public Fight Between Trump and Musk Rocks Tesla, SpaceX: Here Are the Biggest Bombshells</a>
Image: Shutterstock/Kathy Hutchins

TSLA

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

These ten mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares escalated 102.93% following the announcement of a long-term <a href="https://www.benzinga.com//node/45817409" target="_blank" rel="noreferrer noopener">infrastructure agreement with</a> AI hyperscaler CoreWeave Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>).</li>
<li>Kymera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KYMR#NASDAQ">KYMR</a>) stock jumped 60.66%. The company revealed clinical results from the Phase 1 healthy volunteer study of KT-621, its first-in-class <a href="https://www.benzinga.com//node/45724030" target="_blank" rel="noreferrer noopener">oral STAT6 degrader medicine</a>. Morgan Stanley and B. Riley Securities upgraded the stock to Overweight and Buy, respectively, and the company <a href="https://www.benzinga.com/quote/kymr/analyst-ratings" target="_blank" rel="noreferrer noopener">received several price forecast bumps</a>.</li>
<li>First Majestic Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) stock increased 34.04% last week, when Silver rocketed past $35.60 an ounce Thursday, a level last seen in 2012. Gold bull Peter Schiff <a href="https://www.benzinga.com//node/45792880" target="_blank" rel="noreferrer noopener">says it's just warming up</a>.</li>
<li>AIFU Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIFU#NASDAQ">AIFU</a>) shares rose 31.78%.</li>
<li>Recursion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXRX#NASDAQ">RXRX</a>) shares increased 31.34% after the company announced the launch of <a href="https://www.benzinga.com//node/45814396" target="_blank" rel="noreferrer noopener">Boltz-2 in partnership with MIT</a>.</li>
<li>Cleveland-Cliffs Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) stock grew 30.36% after U.S. President Donald Trump announced <a href="https://www.benzinga.com//node/45724684" target="_blank" rel="noreferrer noopener">plans to double steel tariffs</a>.</li>
<li>Zai Lab Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZLAB#NASDAQ">ZLAB</a>) shares upped 26.44%. The company and NovoCure Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) revealed additional data on Saturday from the Phase 3 PANOVA-3 trial of Tumor Treating Fields (TTFields) <a href="https://www.benzinga.com//node/45730717" target="_blank" rel="noreferrer noopener">therapy for pancreatic cancer</a>.</li>
<li>Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) stock rose 26.15% after the company announced that Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) <a href="https://www.benzinga.com//node/45719179" target="_blank" rel="noreferrer noopener">would acquire them for $9.5 billion</a>.</li>
<li>Sezzle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEZL#NASDAQ">SEZL</a>) stock escalated 23.78% last week.</li>
<li>Riot Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) stock rose 22.06%. The company mined 514 bitcoin in May, up 11% month over month and <a href="https://www.benzinga.com//node/45752589" target="_blank" rel="noreferrer noopener">139% year over year</a>.</li>
</ol>
Photo by T. Schneider via Shutterstock

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Applied Digital And Riot Platforms Are Among Top 10 Mid-Cap Gainers Last Week (Jun 2-Jun 6): Are The Others In Your Portfolio?

After a tragic loss and a long legal battle, a woman named Ashley called into &#8220;<a href="https://x.com/DaveRamsey/status/1930294900915937679">The Ramsey Show</a>&#8221; to ask what to do about a <a href="https://www.benzinga.com/personal-finance/management/25/06/45783524/im-afraid-how-my-wife-will-react-if-i-tell-her-were-secretly-wealthy-says-a-dave-ramsey-caller-the-response-thats-pretty-whacked">major disagreement</a> with her long-time partner.&nbsp;
Two years ago, Ashley lost her baby due to what she said was &#8220;malpractice, mal negligence,&#8221; and after legal fees, she&#8217;s now receiving a little over half a million dollars from the $850,000 settlement.
<h2 class="wp-block-heading">They've Been Together For 10 Years But Never Married</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">She lost her baby due to medical negligence and received a $850,000 settlement. Now the father of her children (who refuses to marry her) says he deserves the money because he provides for the household. <a href="https://t.co/i1SKYD0wRx">pic.twitter.com/i1SKYD0wRx</a>
&mdash; Dave Ramsey (@DaveRamsey) <a href="https://twitter.com/DaveRamsey/status/1930294900915937679?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
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Ashley has been with her partner for a decade and they share three living children. Despite the length of the relationship and the family they've built, they're not married.&nbsp;
When asked why, Ashley admitted, &#8220;I&#8217;m not sure. That&#8217;s another problem that we&#8217;re having.&#8221; She said the reason they haven&#8217;t tied the knot is mostly on him: &#8220;He pretty much says like, we already are married, just not like in the books type of deal.&#8221;
That same partner now claims he deserves the majority of Ashley&#8217;s settlement money. His reasoning? &#8220;Because he provides daily,&#8221; Ashley explained, adding that he thinks that entitles him to a large portion of the money. But Ashley doesn't agree. She wants to <a href="https://www.benzinga.com/money/long-term-investments-vs-short-term">invest the money long term</a> for her children and for retirement.
&#8220;I also suffered blood damages to my personal body during that time of losing the baby,&#8221; she added, making it clear the pain and trauma were hers to carry.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">&#8216;It&#8217;s Not His Money&#8217;</h2>
Dave Ramsey responded directly and firmly. &#8220;This argument and this confusion is brought on by the fact that you&#8217;re not married,&#8221; he said. &#8220;I don&#8217;t know how to coach you because I would never tell you to be where you are.&#8221;
Ramsey made it known that the money belongs to her. &#8220;I think it&#8217;s yours. I don&#8217;t think it&#8217;s got his name on it.&#8221;
Co-host Rachel Cruze agreed, calling the partner's behavior unhealthy. &#8220;That was like another [problem] guilt tripping me into &#8216;give me this because I do this,&#8217; which really isn&#8217;t fair,&#8221; Ashley said. Cruze called it &#8220;a scorekeeping thing and very, very, very unhealthy.&#8221;
Ramsey put it plainly: &#8220;There is not a scenario where we&#8217;re not married and you get any of this.&#8221;
<h2 class="wp-block-heading">The Relationship May Not Be Healthy</h2>
Ashley admitted the relationship isn&#8217;t in a good place. Ramsey pointed out that the situation is revealing deeper problems. &#8220;You really need to look at this. It&#8217;s not working,&#8221; he told her.
Instead of sharing the money now, Ramsey encouraged Ashley to insist on counseling and have serious conversations about the future: &#8220;Sit down with a good marriage counselor and talk about how our relationship can be made better and how we get married. In the process of talking about that, honey, we&#8217;ll discuss when we&#8217;re married what we will do with our half million dollars.&#8221;
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
Cruze warned Ashley not to let marriage become a strategy for access to the money. &#8220;Make sure, though&#8230; that he doesn&#8217;t turn on some weird manipulative switch suddenly and be like, well, that&#8217;s my ticket into some of this money if I just marry her.&#8221;
<h2 class="wp-block-heading">Legal Confusion Over Their Deceased Son&#8217;s Estate</h2>
Ashley said a lawyer told her partner he had some right to the money because part of it is being set aside in their deceased son's estate. Ramsey quickly clarified: &#8220;Your son&#8217;s estate has to be managed for the heirs of your son,&#8221; he said. &#8220;Which would be his siblings, not his father.&#8221;
In closing, Ramsey warned Ashley: &#8220;If you give him a big chunk of this money out of this, I predict this is going to go sideways for you,&#8221; to which she agreed.
Read Next: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
Image: Shutterstock

Personal Finance

After Losing Her Baby And Receiving A $850K Settlement, The Father Of Her Children—Who Refuses To Marry Her—Says He's Entitled To The Money

President Donald Trump has been&nbsp;reportedly referring to Elon Musk as a &#8220;big-time drug addict&#8221; in private conversations. This comes amidst an escalating fallout between the two high-profile figures.
What Happened: A recent&nbsp;report&nbsp;by The Washington Post reveals that Trump has been privately expressing his belief to allies that Musk is heavily involved with drugs. This follows a series of incidents that have led to the deterioration of their previously strong alliance.
The relationship between Trump and Musk is nearing collapse after Musk&#8217;s chosen leader for NASA, Jared Isaacman, made donations to the Democrats, which allegedly infuriated Trump.
The <a href="https://www.washingtonpost.com/politics/2025/06/07/trump-elon-musk-fight-behind-scenes/">outlet</a> also reported that Musk&#8217;s strained relations with Trump&#8217;s cabinet members and his alleged drug use have been sources of internal turmoil. Trump&#8217;s belief that Musk was using drugs triggered&nbsp;numerous private calls on the&nbsp;matter.
Trump was reportedly disturbed by Musk&#8217;s criticisms of his budget bill and was taken aback when Musk&nbsp;echoed impeachment rhetoric about him&nbsp;on social media. 
In response, Trump has been reaching out to confidants and acquaintances to manage the high-profile split.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45828246/trump-warns-musk-against-aiding-democrats-hell-have-to-pay-serious-consequences-if-he-does-that">Trump Warns Musk Against Aiding Democrats: &#8216;He&#8217;ll Have To Pay Serious Consequences If He Does That&#8217;</a>
An individual&nbsp;with knowledge of the calls&nbsp;told the Post that Trump&nbsp;had referred to Musk as an &#8220;addict&#8221;. In at least one call, Trump labeled Musk as a &#8220;big-time drug addict&#8221;.
Despite the fallout, Trump has&nbsp;reportedly urged Vice President JD&nbsp;Vance and others not to&nbsp;escalate tensions with Musk. 
Trump has also privately considered investigating Musk&#8217;s government contracts after Musk alleged that&nbsp;Trump was the reason documents&nbsp;related to&nbsp;Jeffrey Epstein had not been&nbsp;released.
"President Trump and the entire Administration will continue the important mission of cutting waste, fraud, and abuse from our federal government on behalf of taxpayers, and the passage of the One Big Beautiful Bill is critical to helping accomplish that mission," White House press secretary Karoline Leavitt recently said in a statement.
Why It Matters: The escalating fallout between Trump and Musk, two influential figures, could have significant implications. 
Musk&#8217;s SpaceX has been a key player in the US space industry, and any investigation into Musk&#8217;s government contracts could potentially impact the company&#8217;s operations. 
Moreover, the strained relationship could also influence political dynamics given Musk&#8217;s influence and the upcoming elections.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45827968/trump-vs-musk-betting-markets-anticipate-next-move-in-musk-trump-feud-predict-low-chances-of-musk-forming-political-party" target="_blank" rel="noreferrer noopener">Trump vs. Musk: Betting Markets Anticipate Next Move in Musk-Trump Feud, Predict Low Chances of Musk Forming Political Party</a>
Image: Shutterstock

Politics

Trump Allegedly Calling People To Claim Elon Musk Has Serious Drug Problem: 'Big-Time Drug Addict'

The past week has been a rollercoaster ride in the world of tech and finance. From billionaire investor Chamath Palihapitiya making bold predictions of autonomous vehicles to the escalating feud between Elon Musk and President Donald Trump, there&#8217;s a lot to unpack.
Let&#8217;s dive into the top stories of the week.
Palihapitiya&#8217;s Bold Predictions
Billionaire investor Chamath Palihapitiya made some bold predictions about autonomous vehicles. He believes that Tesla&#8217;s Robotaxi and Alphabet&#8217;s Waymo will dominate the autonomous vehicle market, potentially sidelining ride-hailing giants Uber and Lyft. Palihapitiya argues that consumer preference for driverless rides stems from privacy concerns rather than just cost considerations.
<a href="https://www.benzinga.com/news/topics/25/06/45714095/chamath-palihapitiya-calls-tesla-an-obvious-win-says-robotaxi-alphabets-waymo-will-overtake-uber-and-lyft">Read the full article here.</a>
Musk Vs Trump: Tesla&#8217;s Record Crash
Tesla suffered a record $152 billion market cap loss this week, following an escalated feud between CEO Elon Musk and President Donald Trump. The company&#8217;s stock traded down 14.3% to $284.70 on Thursday, marking the company&#8217;s second-biggest percentage loss in more than a year and the biggest market cap loss in company history.
<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45805173/musk-vs-trump-tesla-suffers-record-152b-one-day-crash-as-ceo-warns-tariffs-will-cause-a-recession">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45827094/dan-ives-weighs-in-on-musk-trump-drama-says-stock-reaction-overblown-i-still-believe-theyre-allies" target="_blank" rel="noreferrer noopener">Dan Ives Weighs In On Musk-Trump Drama, Says Stock Reaction Overblown: &#8216;I Still Believe They&#8217;re Allies&#8217;</a>
Musk Dismisses SpaceX Valuation
Elon Musk has dismissed a report that valued SpaceX at $480 billion, calling it "too high" for where the company is at present. In a separate post, the billionaire said that the company will reach an important revenue milestone in 2026.
<a href="https://www.benzinga.com/news/space/25/06/45764046/elon-musk-dismisses-reports-that-spacex-is-valued-at-480-billion-says-it-sounds-too-high-predicts-its-revenue-will-exceed-nasas-budget-in-2026">Read the full article here.</a>
Peter Thiel&#8217;s Flying Car Dream Nears Reality
Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation. As regulatory delays threaten U.S. market leadership in the emerging electric vertical take-off and landing (eVTOL) industry, Lonsdale warns that the FAA &#8216;Must Move Fast&#8217; as China could overtake the U.S.
<a href="https://www.benzinga.com/markets/equities/25/06/45788736/peter-thiels-flying-car-dream-nears-reality-with-joby-aviation-but-joe-lonsdale-warns-faa-must-move-fast-as-china-could-overtake-us-amid-regulatory-delays">Read the full article here.</a>
Boeing&#8217;s Starliner Flight Delayed To 2026
Boeing&#8217;s Starliner spacecraft, which was expected to make its next mission to the International Space Station (ISS) by the end of this year, has been delayed until 2026. The Starliner is seen as a potential alternative to SpaceX&#8217;s Dragon spacecraft. NASA, however, is still deciding whether the upcoming flight will carry astronauts or only cargo.
<a href="https://www.benzinga.com/news/space/25/06/45827130/nasa-delays-boeing-starliner-flight-to-2026-amid-ongoing-technical-challenges">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/news/politics/25/06/45824984/exclusive-trump-can-hurt-elons-businesses-says-tesla-protest-organizer-but-at-this-point-whos-left-" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Trump Can &#8216;Hurt Elon&#8217;s Businesses,&#8217; Says Tesla Protest Organizer — But At This Point &#8216;Who&#8217;s Left&#8217; To Buy?</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Ken Wolter / Shutterstock.com

Tech

Palihapitiya's Predictions, Musk Vs Trump, And Thiel's Flying Car Dream: This Week In Mobility

Skullcandy has unveiled the latest addition to its Aviator franchise, the Aviator 900 ANC. This marks the company&#8217;s most high-end headphone offering to date.
The Aviator 900 ANC, retailing at $299.99, is a modern take on the original Aviator&#8217;s vintage style, incorporating advanced materials and technologies. The headphones are equipped with THX Spatial Audio with Head Tracking, adaptive 6-mic active noise canceling, and Personal Sound by Mimi&#xAE;. The aim is to deliver an immersive and emotionally resonant listening experience.
CEO of THX Ltd, Tuyen Pham, expressed excitement about the collaboration, stating, &#8220;THX Spatial Audio with head tracking on the new Aviator is a historic moment for both companies.&#8221; The partnership seeks to combine THX's audio technology expertise with Skullcandy&#8217;s widespread appeal.
The Aviator 900 ANC also boasts a unique style, featuring vintage-inspired hardware, suede, polished finishes, and iconic design elements. With a battery life of up to 60 hours, the headphones are designed for both durability and convenience.
Also Read: <a href="https://www.benzinga.com/general/entertainment/25/05/45482987/at-thx-i-am-building-on-its-strong-legacy-of-branding-while-driving-innovations-that-truly-benefit-the-end-user-says-tuyen-pham">At THX, I Am Building On Its Strong Legacy Of Branding While Driving Innovations That Truly Benefit The End User, Says Tuyen Pham</a>
Justin Regan, vice president of marketing at Skullcandy, highlighted the significance of the launch, saying, &#8220;This marks Skullcandy's bold entry into the premium headphone space.&#8221; The Aviator 900 ANC is now available for purchase on skullcandy.com and at select global retailers.
The launch of the Aviator 900 ANC signifies a strategic move by Skullcandy into the premium audio market. This product, with its advanced features and stylish design, is aimed at consumers seeking high-quality audio experiences. 
The collaboration with THX Ltd further enhances the product&#8217;s appeal, combining superior audio technology with Skullcandy&#8217;s popular brand. 
This launch could potentially broaden Skullcandy&#8217;s customer base and increase its market share in the competitive audio industry.

Skullcandy Launches Aviator 900 ANC: A Leap Into Premium Audio

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock jumped 35.20%  amid an escalation of <a href="https://www.benzinga.com//node/45805188" target="_blank" rel="noreferrer noopener">a public dispute</a> between SpaceX's Elon Musk and President Donald Trump.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares escalated 31.55% after President Trump said the U.S. would not agree to any uranium enrichment by Iran. Additionally, the commodity could continue to strengthen after OPEC+ decided to keep output levels unchanged.</li>
<li>Nebius Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) stock rose 31.37%. The company recently announced it raised <a href="https://www.benzinga.com//node/45722616" target="_blank" rel="noreferrer noopener">$1 billion in convertible notes</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock upped 25.92% following its major <a href="https://www.benzinga.com//node/45769560" target="_blank" rel="noreferrer noopener">long-term infrastructure agreement</a> with Applied Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>).</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares increased 19.69% after the company reported better-than-expected fourth-quarter results and <a href="https://www.benzinga.com//node/45752619" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares were up 19.40% amid GlobalFoundries Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) announcement to commit $16 billion to U.S. chip expansion, which may be buoying <a href="https://www.benzinga.com//node/45774178" target="_blank" rel="noreferrer noopener">investor sentiment toward the space</a>.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) shares increased 18.95% after the company reported better-than-expected third-quarter earnings and several <a href="https://www.benzinga.com//node/45779774" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) shares increased 17.47%. Silver rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff <a href="https://www.benzinga.com//node/45792880" target="_blank" rel="noreferrer noopener">says it's just warming up</a>.</li>
<li>Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) stock escalated 16.69% after it reported first-quarter results and analysts raised the price <a href="https://www.benzinga.com//node/45775655" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) stock rose 16.58% after the company reported better-than-expected financial results and <a href="https://www.benzinga.com//node/45801965" target="_blank" rel="noreferrer noopener">analysts revised their price forecast</a>.</li>
<li>Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) stock upped 15.72% after the company <a href="https://www.benzinga.com//node/45745671" target="_blank" rel="noreferrer noopener">reported third-quarter results</a>. Analysts boosted the <a href="https://www.benzinga.com/quote/ferg/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock.</li>
</ol>
Photo by JLStock via Shutterstock

Large Cap

ASTS

CRDO

FERG

GWRE

NBIS

PAAS

Elon Musk-Trump Clash Propelled This Stock To Weekly High: Here's A List Of Other Top Performing Large Cap Gainers (Jun 2-Jun 6)

Last week was a whirlwind in the tech world, with major players like&nbsp;Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>),&nbsp;Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and&nbsp;Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;making significant strides in AI and gaming. Let&#8217;s dive into the top stories that made headlines over the weekend.
Microsoft Integrates OpenAI&#8217;s Sora into Bing App
Microsoft has democratized generative video tools by incorporating OpenAI&#8217;s Sora model into its Bing app. This move comes hot on the heels of Google&#8217;s Veo 3 video AI that recently wowed the internet. The new Bing Video Creator allows users to create videos from text using the Sora model, all for free.
<a href="https://www.benzinga.com/markets/tech/25/06/45739990/microsoft-brings-openais-sora-to-the-masses-with-free-ai-video-generator-in-bing-app-after-googles-veo-3-wowed-the-internet-heres-what-you-can-and-cant-do">Read the full article here.</a>
Amazon Launches Agentic AI Group
Amazon has set up a new team within its consumer R&amp;D division to focus on agentic artificial intelligence. The agentic AI group will operate out of Lab126, Amazon&#8217;s secretive Silicon Valley unit known for creating the Kindle, Echo, and other flagship devices.
<a href="https://www.benzinga.com/markets/tech/25/06/45783322/amazon-launches-new-agentic-ai-group-to-boost-robotics-enhance-user-interactions">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45827073/reid-hoffman-shares-yuval-noah-hararis-stark-warning-that-humanity-wont-adapt-fast-enough-to-artificial-intelligences-rise-and-will-suffer-the-consequences-revolution-is" target="_blank" rel="noreferrer noopener">Reid Hoffman Shares Yuval Noah Harari&#8217;s Stark Warning That Humanity Won&#8217;t Adapt Fast Enough To Artificial Intelligence&#8217;s Rise And Will Suffer The Consequences: &#8216;Revolution Is Moving On With A Rapidity</a>
Nintendo Switch 2 Enhanced by AI Processors
NVIDIA&#8217;s CEO, Jensen Huang, has shed light on the company&#8217;s role in enhancing the features of the eagerly awaited Nintendo Switch 2 gaming console. The console, set to be released on June 5, has seen Nintendo&#8217;s stock soar in 2025.
<a href="https://www.benzinga.com/news/gaming/25/06/45776150/jensen-huang-says-nintendo-switch-2-has-ai-processors-to-enhance-gameplay-unlike-anything-weve-built-before">Read the full article here.</a>
OpenAI&#8217;s ChatGPT Evolves from Simple Chatbot
Srinivas Narayanan, Vice President of Engineering at OpenAI, has shared his vision for the future of autonomous AI. According to Narayanan, OpenAI&#8217;s ChatGPT is no longer just conversational but is now capable of taking actions on behalf of users.
<a href="https://www.benzinga.com/markets/tech/25/06/45766429/openais-srinivas-narayanan-says-chatgpt-is-no-longer-just-conversational-its-now-taking-actions-on-your-behalf">Read the full article here.</a>
Elizabeth Warren Criticizes AI Provision in Trump&#8217;s Bill
Sen. Elizabeth Warren has expressed concern over an AI provision in President Donald Trump&#8217;s tax-and-spending bill, warning that it could lead to rising rents and violate Senate procedural rules. The provision would prevent states from regulating artificial intelligence for a decade.
<a href="https://www.benzinga.com/news/politics/25/06/45764421/elizabeth-warren-warns-ai-provision-in-trumps-big-beautiful-bill-could-enable-rent-hikes-this-policy-violates-the-senates-budget-rules">Read the full article here.</a>
Read Next:
<a href="https://benzinga.com/markets/tech/25/06/45785227/chief-ai-scientist-at-mark-zuckerbergs-meta-says-no-way-scaling-chatgpt-like-models-is-going-to-lead" target="_blank" rel="noreferrer noopener">Chief AI Scientist At Mark Zuckerberg&#8217;s Meta Says &#8216;No Way&#8217; Scaling ChatGPT-Like Models Is Going To Lead To Human-Level AI</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

AMZN

MSFT

NVDA

Microsoft And Openai's Free AI Video Generator, Amazon's Agentic AI Group, And More: This Week In AI

Moonhub<a href="https://www.moonhub.ai/moonhub-team-joins-salesforce"> announced</a> Monday that it has bewen acquired by <a href="https://www.benzinga.com/news/topics/25/06/45737436/why-salesforce-is-paying-8-billion-for-the-plumbing-of-ai">Salesforce</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), marking a new chapter for the AI-powered recruiting startup founded by former Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) engineer Nancy Xu.
The move comes on the heels of Salesforce's recent $8 billion acquisition of Informatica and signals a clear acceleration of its AI-first product strategy,<a href="https://economictimes.indiatimes.com/tech/artificial-intelligence/salesforce-acquires-ai-recruiting-startup-moonhub-weeks-after-informatica-deal/articleshow/121590582.cms"> The Economic Times</a> reports.
<h2 class="wp-block-heading">Moonhub Built a Holistic, Bias-Conscious Approach to AI Hiring</h2>
Founded in 2022 and backed by Khosla Ventures, TIME Ventures, Day One Ventures, AIX Ventures, GV, and Salesforce, Moonhub is known for launching the world's first AI Recruiter, and developed tools to automate hiring processes while minimizing bias. According to The Economic Times, rather than relying on outdated keyword-based filters, the company's AI platform scanned public data sources such as <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon">GitHub</a>, LinkedIn, and personal websites to build rich, multi-dimensional candidate profiles.
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<li><a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a></li>
</ul>
The system was designed to detect meaningful patterns, like promotion frequency, project types, and skill progression, which are often overlooked by traditional recruiting tools. One of Moonhub's core principles was avoiding filters based on race, gender, or disability. Instead, it worked closely with clients to reshape how job descriptions were written and how talent was sourced, The Economic Times reports.
Nancy Xu frequently emphasized the importance of a &#8220;human-in-the-loop&#8221; approach, where final hiring decisions stayed in human hands, The Economic Times says. According to Xu, AI should not replace people in recruitment but support them in making more informed, fair decisions.
<h2 class="wp-block-heading">Moonhub Joins Salesforce Amid AI Investment Surge</h2>
Moonhub's integration into Salesforce follows a string of AI-focused acquisitions. In addition to the Informatica purchase, Salesforce recently<a href="https://www.salesforceben.com/salesforce-acquires-ai-company-convergence-ai-to-advance-agentforce/"> announced</a> it would acquire Converge.ai, an automation startup, as part of its broader AI strategy. These moves are meant to fuel the Salesforce's Agentforce platform, an initiative focused on developing autonomous AI agents to streamline enterprise operations in areas like sales, customer service, and now hiring.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
Moonhub said that joining Salesforce will allow its team to scale its original mission within a much larger ecosystem. Xu in a statement described Salesforce as a values-aligned company with deep investment in trust and impactful AI advancement, both key to the responsible deployment of AI.
While Moonhub is officially winding down as a standalone entity, its core team will now contribute directly to Salesforce's product development in AI-driven recruitment and talent acquisition. According to Salesforce&#8217;s <a href="https://www.salesforceben.com/salesforce-picks-up-talent-from-closing-ai-startup-moonhub/">announcement</a> on Tuesday, their work is expected to be integrated into new iterations of Agentforce tools and services.
See Also: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
<h2 class="wp-block-heading">Strategic Talent, Legacy Investors, And A Strong Signal</h2>
Moonhub raised $14.4 million in venture funding and attracted top-tier investors across Silicon Valley, The Economic Times reports. According to Salesforce, the company is competing head-to-head with tech giants like Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)) Google, and OpenAI in the race to dominate enterprise AI.
The integration of Moonhub's team reflects a growing trend among major players: securing specialized talent through strategic acquisitions. As the demand for enterprise-ready AI accelerates, the battle to attract top minds is becoming just as critical as the technology itself.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

GOOG

Salesforce Acquires Moonhub — The AI Recruiting Startup Joins $8B Informatica Deal In AI Hiring Revolution

The past week was a rollercoaster ride for the cryptocurrency market. From Bitcoin and other major cryptocurrencies facing a dip due to macroeconomic uncertainty, to Ripple&#8217;s XRP climbing amid a significant investment, the crypto world was buzzing with activity.
Adding to the intrigue, Elon Musk, CEO of&nbsp;Tesla Inc., signaled agreement with a warning about Bitcoin potentially replacing the dollar. Let&#8217;s dive into the details.
Bitcoin, Ethereum, XRP, Dogecoin Dip Amid Macro Uncertainty
The crypto market faced pressure as macroeconomic headwinds resurfaced. The ADP employment report indicated a slowdown in hiring, and renewed tariff uncertainty shook investor sentiment. This resulted in a dip in major cryptocurrencies, including Bitcoin, Ethereum, XRP and Dogecoin.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45801872/bitcoin-ethereum-xrp-dogecoin-dip-due-to-macro-uncertainty-bearish-signals-flash-for-btc">Read the full article here.</a>
XRP Price Climbs Amid $100M Investment
XRP saw a price surge following&nbsp;VivoPower International PLC&#8217;s decision to invest $100 million in the cryptocurrency. The company plans to rebrand itself as an XRP treasury and DeFi solutions company, in alliance with Bitgo.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/06/45750565/xrp-price-climbs-amid-100m-investment-ripple-collaborates-with-portuguese-exchange">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/general/biotech/25/05/45675883/exclusive-blockchain-biotech-bad-guys-canurta-therapeutics-ceo-is-on-a-mission-to-heal-and-hes-just-getting-started" target="_blank" rel="noreferrer noopener">Blockchain, Biotech, Bad Guys: Canurta Therapeutics Fighting ALS</a>
Elon Musk Agrees With Warning About Bitcoin Replacing Dollar
Elon Musk, CEO of Tesla and SpaceX, signaled agreement with Coinbase CEO Brian Armstrong&#8216;s warning that government overspending could lead to Bitcoin replacing the dollar as the reserve currency. Armstrong&#8217;s warning came in response to the alarming rise of U.S. federal debt.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45784755/elon-musk-who-called-trumps-one-big-beautiful-bill-a-disgusting-abomination-responds-to-coinbase-ceos-warning-that-bitcoin-could-replace-dollar">Read the full article here.</a>
Trump Family&#8217;s Crypto &#8216;Conflicts Of Interest&#8217;
The involvement of President Donald Trump's family in the cryptocurrency industry is reportedly creating problems in the progression of a bill designed to regulate the sector, according to a senior Democratic legislator.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45785389/trump-familys-crypto-conflicts-of-interest-are-coming-in-the-way-of-law-meant-to-regulate-digital-assets-says-gregory-meeks">Read the full article here.</a>
Ross Ulbricht Receives $31 Million Bitcoin Donation
A wallet linked to Ross Ulbricht, the creator of the illegal drug marketplace Silk Road, received over $30 million in Bitcoin. The donation sparked intrigue among the cryptocurrency community.
<a href="https://www.benzinga.com/markets/25/06/45755503/ross-ulbricht-the-silk-road-founder-pardoned-by-trump-soon-after-his-inauguration-receives-a-whoppin?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=real_estate">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/general/education/24/11/41946785/if-you-invested-100-in-pepe-coin-at-launch-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">If You Invested $100 In Pepe Coin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

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

Cryptocurrency

Market Fluctuations, Musk's Bitcoin Nod And A $31 Million Bitcoin Donation: This Week In Crypto

Rep. Marjorie Taylor Greene (R-GA) is taking flak for buying several stocks just before President Donald Trump's April 9 announcement of a 90-day tariff pause for non-retaliating countries, which sparked a market rally.
According to required <a href="https://disclosures-clerk.house.gov/public_disc/ptr-pdfs/2025/20029138.pdf">public disclosures</a>, Greene bought stocks <a href="https://www.nytimes.com/2025/04/14/us/politics/marjorie-taylor-greene-bought-stock-trump-tariffs-pause.html">worth</a> roughly $21,000 and $315,000 on April 8 and April 9. She also sold between $50,000 and $100,0000 in Treasury bills at the time.
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Greene's net worth has reportedly increased from $700,000 before she joined Congress to approximately $22 million today, according to multiple media outlets. This rise is notable considering the <a href="https://www.congress.gov/crs-product/RL30064#:~:text=The%20compensation%20for%20most%20Senators,from%20Puerto%20Rico%20is%20%24174%2C000.">salary</a> of a congressional member is $174,000. According to stock trading data platform <a href="https://www.quiverquant.com/congresstrading/politician/Marjorie%20Taylor%20Greene-G000596/net-worth">Quiver Quantitative</a>, Greene has executed 450 stock trades since 2021, the year she joined the House.
Let's take a look at some of the notable stocks she was buying before Trump's announcement of a 90-day pause on tariffs last month.
<h2 class="wp-block-heading">Tesla</h2>
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was among the important companies Greene was piling into before Trump announced a 90-day pause on his reciprocal tariffs last month. She bought Tesla shares worth between $1,000 to $15,000 on April 8, according to public disclosures. The stock has gained about 24% over the past month.&nbsp;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Nvidia</h2>
Greene bought Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares worth up to $15,000 on April 9, according to her public disclosures. The stock has gained about 23% since then. Bank of America recently <a href="https://seekingalpha.com/news/4447877-nvidia-amd-top-beneficiaries-from-saudi-deals-but-broadcom-and-marvell-will-benefit-bofa#source=section%3Asummary%7Csection_asset%3Anews_news%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A15">raised</a> its price target for the chipmaker to $160 from $150, calling the company a "top beneficiary" of AI deals recently signed between the U.S. and Saudi Arabia.&nbsp;
<h2 class="wp-block-heading">Palantir</h2>
Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares are up 44% since April 9, when Greene bought the company's shares worth between $1,000 to $15,000. Last month, Bank of America <a href="https://seekingalpha.com/news/4446480-palantir-in-focus-as-bofa-sets-new-wall-street-high-price-target">raised</a> its price target for Palantir to $150 from $125, citing the company's "bespoke" AI products.&nbsp;
<h2 class="wp-block-heading">Amazon&nbsp;</h2>
Greene bought Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) shares on April 8, according to her public disclosures. The next day, the stock jumped 12% amid a broader market rally following Trump's announcement of a 90-day pause on tariffs. Amazon shares are up 11% over the past 30 days.
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">Apple</h2>
Greene bought up to $15,000 worth of Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) shares on April 9, her public filings show. The stock is up 2.2% since then. The company has been at the forefront of the US-China tariff war since most of its iPhones are manufactured in the Asian country.
<h2 class="wp-block-heading">Nike</h2>
Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) was among the major companies most affected by Trump's <a href="https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/">announcement</a> of reciprocal tariffs on April 2. However, the stock rose on April 9 after Trump <a href="https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/">announced</a> a 90-day pause on duties against non-retalating countries, including Vietnam, which accounts for about 50% of the company's footwear manufacturing.&nbsp;
Greene bought Nike shares worth up to $15,000 on April 8, according to her disclosures.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

AAPL

PLTR

Rep. Marjorie Taylor Greene's Net Worth Jumped $21 Million Since Joining Congress — Top 6 Stocks She Was Buying Amid Tariff Chaos

The past week has been a rollercoaster ride for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with a mix of highs and lows. From facing regulatory hurdles in China to gearing up for the annual Worldwide Developers Conference (WWDC), the tech giant has been in the spotlight. Here&#8217;s a recap of the top stories.
Apple and Alibaba&#8217;s AI Launch Delayed in China
The much-anticipated artificial intelligence partnership between Apple and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) in China is facing delays due to increasing geopolitical uncertainties and regulatory issues. The delay comes amidst Apple&#8217;s declining market share in China&#8217;s premium smartphone segment, which has dropped from 70% in early 2023 to 47% in the first quarter of 2025.
<a href="https://www.benzinga.com/markets/asia/25/06/45787934/apple-and-alibabas-ai-launch-in-china-delayed-by-us-china-trade-tensions-and-regulatory-hurdles-report">Read the full article here.</a>
Apple&#8217;s WWDC 2025: What to Expect
Apple is all set for its annual Worldwide Developers Conference (WWDC), scheduled to run from June 9 to June 13. The event will be held online, with the keynote streaming live from Apple Park in Cupertino, California.
<a href="https://www.benzinga.com/markets/tech/25/06/45787471/apples-wwdc-2025-when-how-to-watch-the-keynote-and-what-to-expect">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/education/25/06/45789834/bill-gates-says-the-worst-advice-he-received-was-to-avoid-risk-what-better-teacher-than-failure" target="_blank" rel="noreferrer noopener">Bill Gates Says The Worst Advice He Received Was To Avoid Risk: &#8216;What Better Teacher Than Failure?</a>
Apple App Store Sales Jump in May
Apple&#8217;s App Store revenue for May increased by 4.9% month-over-month, supporting an acceleration of year-over-year revenue trends to up 13.0% Y/Y in May, according to JP Morgan analyst Samik Chatterjee.
<a href="https://www.benzinga.com/markets/tech/25/06/45781527/apple-app-store-sales-jump-in-may-boosting-outlook-for-services-growth">Read the full article here.</a>
Potential New Hardware Launch at WWDC 2025
As Apple gears up for WWDC 2025, rumors are swirling about the potential unveiling of three key hardware products. While WWDC is traditionally a software-heavy event, the possibility of surprise hardware announcements has stirred up excitement.
<a href="https://www.benzinga.com/markets/tech/25/06/45826757/apple-may-launch-new-hardware-at-wwdc-2025-mac-pro-homepad-airtag-2-expected">Read the full article here.</a>
Apple&#8217;s Earnings Hit After Court Ruling
Apple&#8217;s latest legal setback is a headwind, but JPMorgan analyst Samik Chatterjee says the impact on the iPhone maker's stock price is materially lower than investors feared.
<a href="https://www.benzinga.com/markets/large-cap/25/06/45798733/apple-faces-modest-earnings-hit-after-court-ruling-but-analyst-expects-match-bumble-spotify-set-to-gain">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45785227/chief-ai-scientist-at-mark-zuckerbergs-meta-says-no-way-scaling-chatgpt-like-models-is-going-to-lead" target="_blank" rel="noreferrer noopener">Chief AI Scientist At Mark Zuckerberg&#8217;s Meta Says &#8216;No Way&#8217; Scaling ChatGPT-Like Models Is Going To Lead To Human-Level AI</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesteohart / Shutterstock.com

BABA

Apple's AI Delay, WWDC 2025, And App Store Sales Surge: This Week In Appleverse

Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) the world's largest retailer, faces challenges in maintaining its signature low prices after President Donald Trump's administration imposed steep tariffs on Chinese imports. Walmart employees and shoppers now report price hikes hitting the shelves <a href="https://www.benzinga.com/news/retail-sales/25/06/45712543/us-tariff-impact-prices-surge-at-walmart-and-target-employees-say-some-jumps-top-38">and their wallets</a>.
What To Know:&nbsp;Walmart employees have been sharing images on Reddit that depict a sharp rise in prices, with some items seeing a surge of up to 45%.&nbsp;
For example, a Jurassic World T. Rex toy at Walmart saw its price increase nearly 38% from $39.92 in late April to $55 in late May.. The price of a Baby Born doll shot up from $34.97 in March to $49.97 in May, an approximate increase of 43%.
Read Next: <a href="https://www.benzinga.com/news/politics/25/06/45795080/whatever-you-think-of-elon-musk-you-must-support-his-fight-against-the-big-beautiful-bill-says-black-swan-author-nassim-taleb?utm_source=articleShare">&#8216;Whatever You Think Of Elon Musk, You Must Support His Fight Against The Big Beautiful Bill,&#8217; Says &#8216;Black Swan&#8217; Author Nassim Taleb</a>&nbsp;
Roughly 60% of Walmart's merchandise is sourced from China, including essentials like electronics, clothing and household goods, which leaves the retail giant vulnerable to shifts in trade policy.&nbsp;
Walmart CEO Doug McMillon warned on the company's most recent earnings call that the retailer would be forced to raise prices on some items as a direct result of ongoing tariffs, but that the company would work to keep grocery prices low.
What Else: Walmart said it will continue to communicate the impact of tariffs transparently and consistently with its investors, employees and consumers during its annual shareholders' meeting last week.&nbsp;
"We don't aim to be a political figure. We are providing facts as they come," Dan Bartlett, executive vice president of corporate affairs, told reporters.&nbsp;
The retail giant said it expects price increases to become more apparent as the year progressesif the current tariffs remain in place.&nbsp;
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Retail Sales

Walmart Shoppers See Sharp Price Hikes as Tariffs Hit Shelves

The past week was a whirlwind of economic news. From President Donald Trump&#8217;s aggressive trade deal deadline to Mark Cuban&#8217;s insights on inflation, the stories were as varied as they were impactful. Let&#8217;s dive into the details.
Trump&#8217;s Trade Deadline
President&nbsp;Donald Trump pushed for countries to submit their best trade negotiation, as his administration raced against a July 8 deadline. The U.S. is seeking proposals on tariff and quota offers for U.S. industrial and agricultural products, plans to remedy non-tariff barriers, digital trade and economic security commitments, and country-specific commitments.
<a href="https://www.benzinga.com/markets/economic-data/25/06/45740592/trump-sets-july-8-deadline-for-trade-deals-demands-best-offers-from-global-partners-by-wednesday-report">Read the full article here.</a>
Mark Cuban On Inflation
Billionaire investor&nbsp;Mark Cuban&nbsp;shared his thoughts on why inflation hasn&#8217;t surged as much as economists predicted in response to Trump&#8217;s &#8220;Liberation Day&#8221; tariffs. According to Cuban, businesses are using their cash reserves or taking on debt to stockpile inventory in anticipation of potential tariff hikes.
<a href="https://www.benzinga.com/Opinion/25/06/45714060/mark-cuban-says-these-are-the-reasons-prices-havent-risen-despite-trumps-liberation-day-tariffs-and-none-of-them-are-positive">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/market-summary/25/06/45798808/trump-announces-china-trade-talks-tesla-stock-slumps-whats-driving-markets-thursday" target="_blank" rel="noreferrer noopener">Trump Announces China Trade Talks, Tesla Stock Slumps: What&#8217;s Driving Markets Thursday?</a>
Howard Lutnick&#8217;s National Emergency
U.S. Commerce Secretary&nbsp;Howard Lutnick&nbsp;has declared America&#8217;s trade deficit a national emergency that requires immediate action. In a recent interview, Lutnick reaffirmed the Trump administration&#8217;s commitment to its tariff strategy, stating that tariffs are &#8220;not going away.&#8221;
<a href="https://www.benzinga.com/markets/25/06/45758956/howard-lutnick-calls-1-2-trillion-trade-deficit-a-national-emergency-says-trumps-tariffs-are-not-goi">Read the full article here.</a>
Trump&#8217;s Relationship With Xi Jinping
President Trump has expressed his admiration for Chinese President&nbsp;Xi Jinping, but also acknowledged the difficulty in negotiating with him. This comes as U.S.-China trade negotiations remain at a standstill, despite a temporary truce reached in May.
<a href="https://www.benzinga.com/news/politics/25/06/45764844/trump-says-he-likes-xi-jinping-of-china-but-calls-him-very-tough-and-extremely-hard-to-make-a-deal-with">Read the full article here.</a>
The Future of the Dollar
Veteran investor&nbsp;Rick Rule&nbsp;has warned of potential instability in the U.S. Dollar, suggesting that unchecked federal spending and unfunded liabilities could significantly reduce the greenback&#8217;s purchasing power over the next decade.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45738637/dollar-to-lose-75-of-its-buying-power-in-next-10-years-rick-rule-says-if-1970s-are-an-indicator-it-could-happen">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Economics

Trump's Trade Deadline, Cuban On Inflation, Lutnick's National Emergency And Trump-Xi Relations: This Week In Economics

After years in <a href="https://www.benzinga.com/personal-finance/25/05/45184462/yeah-no-its-low-wages-a-worker-responds-to-whether-the-skilled-labor-shortage-is-just-because-everyone-was-told-to-go-to-college">low-paying retail</a>, a Reddit user recently landed a <a href="https://www.benzinga.com/markets/24/11/41714026/28-year-old-software-developer-who-retired-after-working-just-7-years-shares-his-stock-portfolio-and">software development job</a> with a $105,000 salary. But instead of feeling relief or success, they&#8217;re overwhelmed by financial anxiety.
<h2 class="wp-block-heading">More Money, More Worries</h2>
&#8220;Just hit $105K salary (software dev, finally escaped retail hell) and I thought I&#8217;d feel&#8230; rich? Or at least comfortable?&#8221; the poster wrote in the <a href="https://www.reddit.com/r/MiddleClassFinance/comments/1l3hg5w/made_it_to_six_figures_but_somehow_feel_broker/">r/MiddleClassFinance</a> subreddit. &#8220;Instead, I&#8217;m lying awake at 2 a.m. doing mental math about whether I can <a href="https://www.benzinga.com/25/05/45670256/screw-this-economy-a-worker-says-theyre-finally-too-broke-for-boba-and-coffee-with-tips-it-hit-20-more-than-their-hourly-wage">afford the $6 fancy coffee</a> tomorrow.&#8221;
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They explained that their old life on a $45,000 salary came with simplicity. &#8220;I lived in a sh&#x2A;tty studio, ate ramen, had like $200 leftover each month but somehow felt fine??&#8221; Now, with more income, they shop at Whole Foods, rent a one-bedroom apartment, and save $1,500 a month. Yet every expense feels heavier. &#8220;Now I&#8217;m stressed about every purchase over $50.&#8221;
&#8220;I think I&#8217;m experiencing some twisted version of lifestyle inflation,&#8221; they added. &#8220;When I made $45K I&#8217;d buy a $15 shirt without thinking. Now I make $105K and I spent 20 minutes last night researching if a $40 sweater was &#8216;worth it.'&#8221;
This sentiment hit home for many commenters who said they've experienced the same thing.
&#8220;When I was making less, I mentally felt &#8216;whatever&#8217; since the progress I was going to make on lower income was minimal,&#8221; one person shared.&nbsp;
Trending: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
&#8220;Before I made enough to save anything, there was no point thinking about money that much. Now my spending habits can make thousands of dollars of a difference in my annual savings and I am thinking of everything in terms of how it <a href="https://www.benzinga.com/personal-finance/24/05/38845785/living-on-edge-nearly-90-of-retirees-worried-inflation-will-eat-away-savings">impacts my retirement</a>,&#8221; another added.
Another person said, &#8220;My <a href="https://www.benzinga.com/personal-finance/24/04/38462785/finally-hit-1-million-and-ive-never-been-more-miserable-this-woman-wants-to-quit-job-but-struggl">higher-paying job is miserable</a> so now every dollar has inherently more value to it. Each one represents endured suffering and relatively few things seem worth the cost.&#8221;
Others blamed the problem on <a href="https://www.benzinga.com/personal-finance/management/25/05/45710917/whats-driving-americans-to-live-paycheck-to-paycheck-one-person-says-its-like-being-thrown-into-adulthood-without-a-map">lifestyle creep and expectations</a>. &#8220;At $50K, spending $100 on a fancy keyboard was a way to feel like I could spend money. At $110K, spending $100 on a fancy keyboard I don&#8217;t really need is just opportunity cost,&#8221; a commenter explained.
One philosophical reply suggested this is a predictable psychological trap. &#8220;Kierkegaard coined the term &#8216;angst&#8217; to describe how it feels when you know that your choices have future consequences, but you don't know exactly which choice will result lead to which consequence,&#8221; they wrote. In essence, when one is broke, their options are limited. When they&#8217;re making six figures, there are more forks in the road.
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Several commenters pointed out that a six-figure salary today <a href="https://www.benzinga.com/personal-finance/25/01/43403375/58-of-people-say-100000-a-year-is-the-bare-minimum-to-avoid-the-financial-stress-of-daily-life-heres-how-many-actually-earn-this">doesn&#8217;t go as far</a> as it once did. &#8220;$100K now is more like $60K pre-COVID,&#8221; one person wrote. Another broke down their expenses on a $160,000 salary and still had less than $1,200 a month left after taxes, healthcare, housing, and child support. &#8220;I should be swimming in cash like Scrooge McDuck.&#8221;
And when it comes to groceries? Whole Foods got roasted. &#8220;<a href="https://www.benzinga.com/25/05/45517752/dave-ramsey-whatever-you-think-youre-spending-at-the-grocery-store-youre-wrong-its-more-than-that">Shopping at Whole Foods</a> is kind of a waste unless you have certain health requirements,&#8221; one person noted. &#8220;There's a reason they call it Whole Paycheck.&#8221;
The original poster may not feel wealthy, but many agreed their habits show long-term thinking.&nbsp;
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

A Software Developer Who Finally 'Escaped Retail Hell' Says They Finally Hit Six Figures But Feel Poorer Than Ever—'I Thought I'd Feel Rich'

The past week was filled with political drama, billionaire power plays, and potential economic impacts. The ongoing feud between President Donald Trump and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk showed no signs of abating. Meanwhile, high-profile billionaires are attempting to reshape the Democratic Party, and former President Joe Biden is dismissing Trump&#8217;s allegations. Lastly, the auto industry is bracing for the impact of Trump&#8217;s steel tariffs.
Trump-Musk Feud Continues
President Donald Trump has declared he has no plans to engage with Elon Musk, further fueling their ongoing disagreement over the controversial &#8216;Big, Beautiful Bill.&#8217; Despite wishing Musk success with Tesla, Trump has made it clear that a conversation with the EV giant&#8217;s CEO is not on his agenda.
<a href="https://www.benzinga.com/news/politics/25/06/45826692/trump-musk-feud-may-not-end-anytime-soon-as-president-says-he-has-no-plans-to-speak-to-the-tesla-ceo">Read the full article here.</a>
Musk Supports Trump&#8217;s Impeachment
The war of words between Trump and Musk escalated when Musk publicly endorsed a call to impeach Trump and replace him with Vice President JD Vance. The call for impeachment was made by right-wing commentator Ian Miles Cheong.
<a href="https://www.benzinga.com/news/politics/25/06/45808078/elon-musk-says-yes-to-impeaching-trump-replacing-him-with-jd-vance-amid-fierce-back-and-forth-over-big-beautiful-bill">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/05/45709073/bono-tells-joe-rogan-that-300000-people-have-died-from-doge-led-usaid-cuts-elon-musk-calls-him-a-liar-says-zero-people-have-died" target="_blank" rel="noreferrer noopener">Bono Tells Joe Rogan That 300,000 People Have Died From DOGE-Led USAID Cuts: Elon Musk Calls Him A Liar, Says &#8216;Zero People Have Died&#8217; &#8211; Benzinga</a>
Billionaires Reboot Democratic Party
Billionaires like James Murdoch and LinkedIn&#8217;s Reid Hoffman are backing a new centrist movement within the Democratic Party. The initiative, known as WelcomeFest, aims to energize moderate voices and build a structured political movement to counterbalance the party&#8217;s progressive wing.
<a href="https://www.benzinga.com/news/politics/25/06/45789292/billionaires-like-james-murdoch-and-linkedins-reid-hoffman-are-fueling-a-centrist-reboot-of-the-democratic-party">Read the full article here.</a>
Biden Dismisses Trump&#8217;s Allegations
Former President Joe Biden has refuted allegations made by Trump concerning his mental health and the use of an autopen for signing official documents. Biden dismissed these allegations as a distraction from the &#8216;disastrous&#8217; bill that Trump and Congressional Republicans are pushing.
<a href="https://www.benzinga.com/news/politics/25/06/45786416/joe-biden-calls-trump-probe-a-distraction-from-disastrous-gop-bill-aiming-to-raise-costs-for-americans-all-to-pay-for-tax-breaks-for-the-ultra-wealthy">Read the full article here.</a>
Trump&#8217;s Steel Tariff Impacts Automakers
Trump&#8217;s 50% tariff on steel imports could significantly increase costs for U.S. auto manufacturers. The industry is now scrambling to restructure its supply chain in response to these tariffs.
<a href="https://www.benzinga.com/markets/tech/25/06/45786145/trumps-50-steel-tariff-could-drive-up-the-costs-for-automakers-almost-2000-of-cost-for-each-car">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin &#8211; Benzinga</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Joey Sussman / Shutterstock.com

Trump-Musk Feud Escalates, Billionaires Look To Reboot Democratic Party, And More: This Week In Politics

It's incredible how many different ways you can make money, and financial guru Graham Stephan was impressed to hear that someone makes $300,000 per year with a <a href="https://www.tiktok.com/@grahamstephan/video/7511475338715843883?lang=en">vending machine business</a>.
He proceeded to compare it with real estate, explaining that vending machines generate cash flow without having to worry about tenants. Stephan pointed out that each vending machine has to be maintained and that a business owner likely has to restock the machines every one to two weeks.
"It's not bad," Stephan said while expressing approval for the business model.
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You don't have to invest in real estate to generate cash flow. Vending machine businesses may be right for you, and they are easier to build if you're on a budget.
<h2 class="wp-block-heading">Upfront Costs</h2>
You don't need a lot of money to buy a vending machine. The price of a good vending machine ranges from $2,000 to $10,000, depending on whether you want an old machine or a new machine with the most features. Then, it's a matter of stocking the shelves with the initial inventory. Once that inventory performs well, you can proceed to buy more inventory and reinvest the profits into additional vending machines.
You'll also have to contend with some legal registration fees and franchise fees. The location fee is also a factor; this fee usually represents a percentage of total sales, typically 5% to 25% of that machine's revenue. Most commission arrangements are on the lower end, but the location plays a big factor.
This is a great business model since the owner of the location is financially incentivized to promote the vending machine and keep it in good condition. The business owner who puts your vending machine in their area will want the machine to do well since it translates into more revenue.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Looking For Profitable Locations</h2>
There's a lot less pressure with finding your first profitable vending machine location than there is to be profitable with your first real estate investment. The relatively low cost of vending machines makes it easier to scale, but naturally, you still want to be profitable with every vending machine location.
Some cities and suburban areas have more foot traffic than others, but you should also assess which types of buildings get the most traffic. Schools, hospitals, and office buildings are some of the most promising areas. You will have to contact the property owner to determine the terms and see if it's a good deal.&nbsp;
It's perfectly fine to contact several property owners before deciding on the right location. Reaching out to multiple people will give you an idea of what payment structure you can negotiate.
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<h2 class="wp-block-heading">Set Ambitious Goals</h2>
The vending machine business model can offer steady cash flow without the stress of managing tenants. It's also more affordable to enter the industry than real estate and can be lucrative.&nbsp;
You will still encounter some obstacles along the way. If there weren't challenges with this business model, then everyone would be rushing to do it.&nbsp;
Stephan showcased an individual who makes $300,000 per year with vending machines. Stories like those demonstrate what is possible, and if you set ambitious goals and work toward them, you can become the next case study.&nbsp;
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

Graham Stephan Shares A Story Of A Guy Who Makes $300,000 Per Year With Vending Machines: 'It's Not Bad'

After more than 30 years as a meteorologist, John Morales says he can&#8217;t promise Florida the same level of confidence this year when it comes to forecasting dangerous storms, including hurricanes. And the reason, he says, isn&#8217;t the weather itself — it&#8217;s the state of the country&#8217;s weather infrastructure.
<h2 class="wp-block-heading">Florida Offices Are Short-Staffed, Data Is Lacking, And Accuracy Is Suffering</h2>
&#8220;I am here to tell you that I am not sure I can do that this year, Morales said during a June 3 <a href="https://www.youtube.com/watch?v=bwmmPlw06_0">WTVJ-TV</a> broadcast, reflecting on his calm reassurance during Hurricane Dorian in 2019, which devastated the northwest Bahamas as a Category 5 storm while many Floridians feared a direct hit.
<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">South Florida weatherman tells viewers he can&#39;t accurately predict hurricanes because of government cuts <a href="https://t.co/n0xolylA6C">pic.twitter.com/n0xolylA6C</a>
&mdash; &#x1f30a; R Saddler (@Politics_PR) <a href="https://twitter.com/Politics_PR/status/1930094865020232136?ref_src=twsrc%5Etfw">June 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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<li>Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.</li>
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Why is he no longer confident in his forecasting? &#8220;Because of the cuts, the gutting, the sledgehammer <a href="https://www.benzinga.com/news/25/05/45619523/neil-degrasse-tyson-says-cutting-science-and-education-funding-is-so-severe-if-a-foreign-power-did-it-wed-call-it-an-act-of-war">attack on science in general</a>,&#8221; he said, &#8220;I could talk about that for a long, long time and how that is affecting the U.S. Leadership in science over many years and how we&#8217;re losing that leadership.&#8221;
Morales is among many meteorologists and scientists raising alarms about the recent wave of budget cuts and layoffs hitting the National Weather Service and its parent agency, the National Oceanic and Atmospheric Administration. Central and South Florida NWS offices are currently operating with 20% to 40% fewer staff than needed, according to Morales.
He also mentioned that because of some of these cuts, the NOAA &#8220;Hurricane Hunter&#8221; aircraft will not be able to fly this year. As Morales put it, that means, &#8220;We may be flying blind and not exactly know how strong a hurricane is before it reaches the coastline.&#8221;
Trending: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
The Trump administration cut nearly 600 NWS positions earlier this year. Some field offices were no longer staffed around the clock. Weather balloon launches dropped by 20%, and critical hurricane reconnaissance flights were at risk of being canceled. Those flights collect key data that help experts understand storm strength and direction.
&#8220;This could result in another Otis,&#8221; Morales warned, referring to Hurricane Otis in 2023, which was forecast as a tropical storm just 24 hours before slamming into Acapulco, Mexico as a Category 5 hurricane.
<h2 class="wp-block-heading">Forecast Models Are Getting Worse, Not Better</h2>
The staffing and data shortages have already apparently started to affect the accuracy of forecast models. &#8220;The quality of the forecast is becoming degraded,&#8221; Morales said.
The situation drew national attention earlier this year when news broke that the Trump administration was planning to <a href="https://www.benzinga.com/news/25/03/44222551/meteorologist-warns-that-gutting-noaa-will-bankrupt-the-us-says-every-single-dollar-of-our-economy-is-impacted-by-the-weather">cancel the lease</a> for NOAA&#8217;s main forecasting center in Maryland, a facility housing supercomputers and data hubs essential for weather prediction.
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Meteorologist Brad Panovich with WCNC-TV in Charlotte, North Carolina, warned that this kind of move could have wide-reaching consequences. &#8220;Every single dollar of our economy is impacted by the weather,&#8221; he <a href="https://x.com/wxbrad/status/1896700892633612369">posted on X</a> at the time. &#8220;This will literally bankrupt the U.S.&#8221;
University of Pennsylvania climatologist Michael Mann called the dismantling of NOAA &#8220;catastrophic,&#8221; telling <a href="https://www.newsweek.com/doge-set-cancel-lease-weather-nerve-center-tornado-season-begins-2040142">Newsweek</a> that &#8220;Without NOAA, we are flying blind into a climate abyss.&#8221;
<h2 class="wp-block-heading">Rehiring Starts, But The Damage Is Already Done</h2>
Following public backlash and several deadly storms, the NWS recently received authorization to rehire 126 employees, including forecasters and radar technicians. But former NOAA undersecretary Mary Glackin told <a href="https://www.npr.org/2025/06/03/nx-s1-5422198/nws-national-weather-service-hires-again-trump-cuts">NPR</a> that it might be too little, too late. &#8220;This is kind of putting a band-aid on a rather large wound,&#8221; she said. &#8220;We&#8217;re in the middle of a severe weather season. It&#8217;s not a good time to be understaffed.&#8221;
According to Glackin, the rehires won&#8217;t be in place until at least September, and the NWS still remains short by several hundred positions. The agency is trying to stabilize operations, but many meteorologists worry the country&#8217;s forecasting system may already be compromised.
&#8220;I just want you to know that what you need to do is call your representatives and make sure that these cuts are stopped,&#8221; Morales urged.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Veteran Florida Weatherman Says He's Struggling To Forecast Hurricanes, Blames 'The Gutting, The Sledgehammer Attack On Science'

How do you know if you're actually rich — like, rich rich?
If you've ever wondered whether your savings, investments, or home equity stack up to the country's wealthiest, there's a number that draws the line. And while it might sound like an elite bracket reserved for finance bros and inheritance babies, the top 5% <a href="https://www.benzinga.com/personal-finance/25/02/43759794/are-you-a-top-1-earner-heres-what-you-need-to-rake-in-to-be-among-the-richest">isn't as far out of reach as some might think</a>.
You'll hear people toss around figures like "I want to retire with $5 million," or "You're not rich until you never check your balance." Fair. But in the background, many are just quietly checking to see if their net worth is even close to making the cut. You'll spot them in Reddit threads, in comment sections, or sitting across from you at brunch, casually mentioning their Roth IRA.
So—how rich do you need to be to join the top 5% of households?
Don't Miss:
<ul class="wp-block-list">
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a></li>
<li>Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.</li>
</ul>
<h2 class="wp-block-heading">The Number: $3.8 Million</h2>
According to the <a href="https://www.federalreserve.gov/econres/scfindex.htm">Federal Reserve's Survey of Consumer Finances</a>, you'd need a net worth of about $3.8 million to break into the top 5% of U.S. households. That includes everything you own—retirement accounts, investments, your home—minus any debts you owe.
Seems steep? Compared to the median net worth in America, which is around $192,700, it is. But if you've been aggressively saving, investing wisely, or just got lucky with some real estate timing, you might be closer than you think.
<h2 class="wp-block-heading">Average vs. Median: Why It Matters</h2>
The average net worth of <a href="https://www.benzinga.com/personal-finance/25/04/44891276/the-average-household-is-a-millionaire-with-a-1-06-million-net-worth-according-to-the-fed-so-why-do-people-still-feel-broke">households in the U.S. is about $1.06 million</a>, but don't let that fool you. Averages get warped by the ultra-wealthy. The median is a better measure for the "typical" household—and that's why $192,000 matters. If you're above it, you're ahead of most. If you're below it, you're not alone.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">What Counts in That $3.8 Million?</h2>
This number includes:
<ul class="wp-block-list">
<li>Retirement savings (401(k), IRA)</li>
<li>Brokerage and investment accounts</li>
<li>Real estate equity</li>
<li>Business ownership or equity</li>
<li>Cash and bank holdings</li>
</ul>
Minus credit card debt, student loans, mortgages, etc. 
It doesn't count income—this is strictly net worth, not how much you make.
<h2 class="wp-block-heading">How To Grow Your Net Worth</h2>
Whether you're halfway there or just getting started, here are a few things that actually move the needle:
<ul class="wp-block-list">
<li>Automate your investing. Consistency beats timing.</li>
<li>Pay down high-interest debt. It eats your momentum.</li>
<li>Own appreciating assets. Think equities or property, not depreciating toys.</li>
<li>Reinvest wisely. Compound interest rewards the patient.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/this-ai-imaging-technology-has-been-used-in-more-than-500-surgeries-now-you-can-be-part-of-the-ai-imaging-revolution">Be part of the next med-tech breakthrough for only $350 — 500+ surgeries already done with nView's AI system.</a>
<h2 class="wp-block-heading">So… Are You Rich?</h2>
Comparing yourself to others isn't the recipe for happiness—but it is human nature. Benchmarks like this help give context, not judgment. Some people live well below their means and still feel broke. Others drive a <a href="https://www.benzinga.com/personal-finance/24/09/40963028/suze-orman-says-keep-your-car-for-15-years-or-longer-instead-of-leasing-a-new-one-every-3-years-">15-year-old car and feel free</a>.
<a href="https://www.benzinga.com/money/are-you-rich">Your version of "rich"</a> might mean peace of mind, flexibility, or just not sweating the small stuff. These numbers are guideposts, not gospel.
But if you're aiming for top 5% status? Now you know the number. The rest is strategy.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Want To Be In The Top 5% Of Households? Here's Exactly How Much You Need—And It's Much Lower Than You'd Guess

President Donald Trump issued a warning to Elon Musk, stating that there would be &#8220;serious consequences&#8221; if Musk chooses to financially back Democratic candidates against Republicans who support the GOP&#8217;s budget bill.
What Happened: According to an interview with NBC News on Saturday, Trump said, "If he does, he'll have to pay the consequences for that."
However, he did not elaborate on what the repercussions might be for Musk, if he decides to fund Democratic candidates.
"He'll have to pay very serious consequences if he does that," Trump added while speaking with the <a href="https://www.nbcnews.com/politics/donald-trump/trump-elon-musk-consequences-funds-democratic-candidates-rcna211605">outlet</a>.
This warning follows a public spat between Trump and Musk earlier in the week. Trump has shown no interest in reconciling with Musk, assuming their relationship to be beyond repair.
When asked if he thought his relationship with Musk was over, Trump said, "I would assume so, yeah."
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45827968/trump-vs-musk-betting-markets-anticipate-next-move-in-musk-trump-feud-predict-low-chances-of-musk-forming-political-party">Trump vs. Musk: Betting Markets Anticipate Next Move in Musk-Trump Feud, Predict Low Chances of Musk Forming Political Party</a>
Trump further added that he has no plans to speak with Musk. "I'm too busy doing other things. I have no intention of speaking to him."
The President has accused Musk of showing disrespect towards the office of the President. This accusation was in response to Musk&#8217;s series of posts against Trump, including a now-deleted post that highlighted past connections between Trump and the late convicted sex offender Jeffrey Epstein.
Prior to their public fallout, Musk had expressed his disapproval&nbsp;of a GOP-led spending bill&nbsp;that was passed by the House last month. 
Trump, in response, expressed his disappointment in Musk, reminding him of the support he had extended to him in the past.
Trump suggested that one&nbsp;way to save money in&nbsp;the budget could be to cut Musk&#8217;s government subsidies and contracts, specifically&nbsp;referring to federal contracts with&nbsp;SpaceX. However, he confessed that he hadn&#8217;t given this idea much consideration.
Despite calls for an investigation into Musk&#8217;s business practices and immigration record, Trump stated that it wasn&#8217;t a priority for him at this time.
Musk has previously donated a significant amount of money to Trump&#8217;s 2024 presidential campaign, contributing over $250 million to support him in swing states. 
Despite their current disagreement, Trump believes that it has brought attention to&nbsp;the benefits of the bill.
Why It Matters: The public feud and subsequent warning from Trump could potentially impact Musk&#8217;s political and business decisions. 
It remains to be seen how this situation will unfold and what the potential consequences might be for Musk, Tesla, and SpaceX.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45827849/public-fight-between-trump-and-musk-rocks-tesla-spacex-here-are-the-biggest-bombshells">Public Fight Between Trump and Musk Rocks Tesla, SpaceX: Here Are the Biggest Bombshells</a>
Image: Shutterstock/bella1105

Trump Warns Musk Against Aiding Democrats: 'He'll Have To Pay Serious Consequences If He Does That'

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