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Mark Carney, a former central banker, is poised to become Canada&#8217;s new prime minister, with the task of steering the nation through the challenges posed by tariffs imposed by Donald Trump.
What Happened: The Liberals announced Carney as the successor to Justin Trudeau on Sunday, following a party voting contest, as reported by Reuters. Trudeau stepped down in January amidst dwindling approval ratings after nearly a decade in power.
Carney, 59, is a political outsider who has never held office, a factor that would typically hinder his candidacy in Canada. However, his distance from Trudeau and his high-profile banking career played in his favor. Carney believes he is the only candidate equipped to handle Trump&#8217;s tariffs.
&#8220;I know how to manage crises &#8230; in a situation like this, you need experience in terms of crisis management, you need negotiating skills,&#8221; said Carney.
See Also: <a href="https://www.benzinga.com/25/03/44183216/elizabeth-warren-wants-to-know-from-elon-musk-mark-zuckerberg-and-jeff-bezos-how-much-they-spent-lobbying-for-potential-windfall-accuses-tech-giants-of-cozying-up-up-to-trump-admini">Elizabeth Warren Wants To Know From Elon Musk, Mark Zuckerberg And Jeff Bezos How Much They Spent Lobbying For &#8216;Potential Windfall&#8217; — Accuses Tech Giants Of &#8216;Cozying Up&#8217; Up To Trump Administration</a>
Why It Matters: Carney&#8217;s appointment also marks a significant shift in Canadian politics, as he is set to be the first person to become Canadian prime minister without prior legislative or cabinet experience. 
His diverse background, including a stint as a college-level ice hockey goalkeeper at Harvard and 13 years at Goldman Sachs, coupled with his handling of the financial crisis and his work on finance and climate change at the United Nations, may bring a fresh perspective to the role.
The announcement of Carney&#8217;s prime ministership comes amidst <a href="https://www.benzinga.com/25/01/42806662/justin-trudeau-set-to-resign-as-prime-minister-of-canada-report">escalating trade tensions between the U.S. and Canada</a>. Trump had threatened to impose reciprocal tariffs on Canadian lumber and dairy products, accusing Canada of "ripping us off for years" with a 250% tariff on U.S. dairy. 
In response, Trudeau <a href="https://www.benzinga.com/markets/25/03/44102599/canadian-pm-justin-trudeau-retaliates-with-25-tariffs-on-us-goods-amid-escalating-trade-war">announced a 25% tariff on C$155 billion ($109 billion) worth of U.S. goods</a>. This tit-for-tat tariff war has been a significant concern for both nations, and Carney&#8217;s banking experience and crisis management skills could prove crucial in navigating these challenges.
Photo Courtesy: bella1105 On Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

News

Politics

General

Mark Carney Takes Justin Trudeau's Job As Canada's New PM, Ready to Face Trump's Tariff Threats: 'I Know How To Manage Crises'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has unveiled a host of new products within a short span of two weeks, straying from its traditional staggered launch strategy.
Bloomberg columnist Mark Gurman in his <a href="https://www.bloomberg.com/news/newsletters/2025-03-09/apple-ipad-air-mac-studio-macbook-air-thoughts-company-explores-smart-glasses?srnd=undefined&amp;sref=TBDibEcD">latest </a>weekly "Power On" has shared that Apple&#8217;s recent product launches include a new iPhone, low-end iPad, iPad Air, iPad keyboards, MacBook Air, Mac Studio, and the M3 Ultra chip. 
Such a wave of releases is not common for the tech giant, especially outside its usual fall product season.
The company&#8217;s strategy seems to be leveraging the robust momentum of the Mac and iPad, which saw over 15% sales growth during the holiday quarter. While the new models are minor updates, they initiate&nbsp;a new marketing cycle and&nbsp;may prompt some consumers to upgrade.
Amidst sluggish iPhone sales, Apple is pulling out all the stops to bolster&nbsp;its second-quarter results and meet&nbsp;guidance. The iPhone 16e&#8217;s $599 price tag is part of this strategy.
Additionally, Apple is reportedly investigating various glasses concepts and has incorporated a Vision Pro app and new AI capabilities into its latest iOS beta software. The tech behemoth is also developing a smart home hub, codenamed J490, equipped with an iPad-like screen and home-control features.
Also Read: <a href="https://www.benzinga.com/tech/25/03/44068020/apples-ai-crisis-falling-behind-in-the-ai-race">Apple&#8217;s AI Crisis: Falling Behind In The AI Race?</a>
However, Apple&#8217;s AI strategy has faced scrutiny as it recently postponed Siri features that were announced at the previous Worldwide Developers Conference. The company is anticipated to reveal plans for extending current capabilities to more apps at the forthcoming conference in June.
The deviation from Apple&#8217;s usual staggered launch strategy indicates a shift in the company&#8217;s approach to market penetration. 
By releasing a slew of products at once, Apple is aiming to capitalize on the strong sales momentum of the Mac and iPad. 
The move also appears to be a response to slow iPhone sales, with the company seeking to boost its second-quarter results.
Apple&#8217;s exploration of smart glasses and the development of a smart home hub signal the company&#8217;s continued push into new tech frontiers. 
However, the delay in Siri features and the scrutiny of its AI strategy highlight the challenges Apple faces in these areas.
Read Next
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AAPL

Apple Breaks Tradition With A Flood Of New Releases; Explores Smart Glasses

Mark Cuban, the billionaire entrepreneur and a regular on Shark Tank, once publicly challenged the legitimacy of President Donald Trump&#8217;s billionaire status.
What Happened: During a podcast in 2016, Cuban insinuated that Trump&#8217;s cash assets do not exceed $165 million, a sum significantly smaller than Cuban&#8217;s own wealth, estimated at $5.7 billion.
This is not the first instance of Cuban expressing criticism towards Trump. The relationship between the two, which was once amicable, has deteriorated over time. 
One of the most significant criticisms from Cuban was his public questioning of Trump&#8217;s billionaire status. Cuban referred to Trump&#8217;s&nbsp;Federal Election Commission (FEC) filings,&nbsp;arguing that the figures do not corroborate Trump&#8217;s claims of being a billionaire. 
&#8220;I know what I&#8217;m good at, and I know what I&#8217;m not good at. I&#8217;m not so sure Donald knows what he&#8217;s not good at,&#8221; Cuban <a href="https://wabcradio.com/bernieandsid/">said </a>during the interview.
Cuban also said that Trump was good at putting his name on big buildings and licensing his name on hotels, but it isn&#8217;t clear how much money that has made him. 
&#8220;He&#8217;s good at that. Whether or not that&#8217;s made him a billionaire, I don&#8217;t know,&#8221; Cuban said. &#8220;He&#8217;s not transparent enough for us to actually know.&#8221;
Also Read: <a href="https://www.benzinga.com/news/25/03/44065757/mark-cuban-warns-elon-musk-is-making-trumps-job-1000-times-harder">Mark Cuban Warns Elon Musk Is Making Trump&#8217;s Job &#8216;1,000 Times Harder&#8217;</a>
He further examined Trump&#8217;s business undertakings, implying a lack of focus in them.
&#8220;So when you&#8217;re putting your name on steaks, and you&#8217;re putting your name on water, you&#8217;re putting your name on playing cards, you&#8217;re putting your name on all this nonsense, right? You&#8217;re not gonna make big bucks, no matter what. It&#8217;s not like Trump Steaks were gonna make him $100 million. It&#8217;s not like it was gonna make him $5 million,&#8221; Cuban added. 
During the interview at that time, Cuban said he has more money than Trump. &#8220;It&#8217;s not even close, I do,&#8221; Cuban said. 
&#8220;Before all the Trumpians jump on me on who has more money, the reason I know is when you file your federal election campaign reports, you have to list all your cash and liquid securities and bonds. You have to list them one by one. So we know without any question that as of May 27, Donald doesn&#8217;t have more than $165 million in cash and securities and bonds,&#8221; he said. 
&#8220;And trust me, I&#8217;ve got a lot of more than that in cash, securities, and bonds. And so you know, I&#8217;m willing to bet dimes against dollars that that&#8217;s pretty much what he&#8217;s got,&#8221; he continued. 
Why It Matters: The public questioning of Trump&#8217;s billionaire status by Cuban signifies a considerable intensification in their ongoing discord. This development is significant as it adds another layer to the ongoing feud between two high-profile personalities. 
Cuban&#8217;s questioning of Trump&#8217;s billionaire status not only challenges Trump&#8217;s financial credibility but also hints at deeper issues in Trump&#8217;s business ventures. 
This could potentially impact public perception of Trump&#8217;s business acumen and his overall reputation as a successful entrepreneur.
Read Next
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Mark Cuban Once Questioned Whether Donald Trump Is Really a Billionaire

The Chevrolet Silverado, one of America&#8217;s best selling pickup trucks, received a month-long reprieve Thursday when President Donald Trump announced a delay on tariffs for Mexican imports <a href="https://www.benzinga.com/25/03/44149833/trump-delays-ford-gm-stellantis-from-from-tariffs-on-mexico-canada-for-one-month">covered by the United States-Mexico-Canada Agreement trade agreement until April 2</a>. 
The decision temporarily shields the iconic vehicle from price hikes that threaten to disrupt its international supply chain and potentially drive its <a href="https://www.chevrolet.com/trucks/silverado/1500">$40,000 to $70,000 sticker price</a> even higher. 
Trump announced the delay following a conversation with Mexican President Claudia Sheinbaum. &#8220;I did this as an accommodation, and out of respect for, President Sheinbaum,&#8221; <a href="https://truthsocial.com/@realDonaldTrump/posts/114116432894994278">Trump wrote on Truth Social</a>, citing cooperation on border security and fentanyl trafficking.
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According to <a href="https://www.cnn.com/2025/03/06/economy/tariffs-delay-mexico-canada/index.html">CNN</a>, Commerce Secretary Howard Lutnick indicated that Canadian tariffs might also see a similar postponement, though no official announcement had been made by late Thursday. A senior Canadian government source told CNN that negotiations were ongoing without clarity on whether the tariffs would be lifted. 
The stakes remain high for the Silverado. Of the 673,000 units General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) produced last year, 31% were built at the company&#8217;s factory in Silao, Mexico, and 20% at its Oshawa, Canada plant, according to <a href="https://www.ft.com/content/fb55f297-7e29-4215-a67f-4217e1a026d6">the Financial Times</a>.
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Even Silverados manufactured at U.S. facilities in Michigan and Indiana rely on cross-border parts including power steering and door trim panels from Mexico, rear lighting from Canada, airbag modules from Germany and center displays from Japan, according to S&amp;P Global Mobility data cited by the FT. 
Data collected by Export Genius cited by the FT showed Mexican exports of Silverado components totaled nearly $30 billion last year, with braking systems alone accounting for $4.3 billion. 
GM has been preparing for potential tariffs since Trump&#8217;s election. According to the FT, CFO Paul Jacobson said at a <a href="https://www.cnbc.com/2025/02/11/ford-ceo-says-trumps-tariffs-are-causing-chaos-in-auto-industry.html">Wolfe Research investment conference</a> last month that the company had reduced inventory at non-U.S. plants by nearly a third &#8220;because the last thing you want is a bunch of finished inventory that&#8230; suddenly became 25% more expensive just with the passage of time.&#8221; 
See Also: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
The temporary nature of the reprieve leaves automakers in a difficult position. Major manufacturing shifts would require billions in investment, yet companies remain hesitant to commit those resources amid ongoing uncertainty. 
The tariff delay represents a significant—if temporary—shift in the administration&#8217;s trade approach that had rattled markets, businesses and consumers, <a href="https://www.cnn.com/2025/03/06/economy/tariffs-delay-mexico-canada/index.html">according to CNN</a>. 
Since taking office, Trump has implemented a staggered approach to tariffs. The President initially announced 25% tariffs on Canada and Mexico would begin Feb. 1, before delaying them several times. The administration also imposed 10% tariffs on Chinese goods on Feb. 4. 
For now, the Silverado and other vehicles manufactured within the North American trade zone have breathing room. But with April 2 looming as the next tariff deadline, auto industry <a href="https://www.benzinga.com/markets/25/03/44135215/trumps-tariffs-could-wipe-out-profits-for-gm-ford-and-stellantis-barclays-warns-tariffs-of-this-magnitude-are-unlikely-to-stick">executives and supply chain managers face difficult decisions in the coming weeks</a>.
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Personal Finance

Trump's Tariff Delay Gives America's Favorite Truck Temporary Relief

Esteemed investor Peter Lynch shared his insights on the current state of the stock market and his strategies for selecting stocks.
What Happened: Lynch, in his discussion with Barron&#8217;s, emphasized the superiority of growth stocks, which are companies experiencing significant sales growth, over non-growth stocks. He warned investors not to mistake earnings growth, which can include turnarounds and cyclicals, for sales growth.
Despite the growing popularity of passive management, Lynch pointed out that active management continues to flourish at&nbsp;Fidelity, with many funds consistently outperforming their benchmarks.
Lynch underscored the importance of investing in companies that offer innovative products or services. He cited&nbsp;Stop &amp; Shop&nbsp;and&nbsp;Dunkin&#8217; Donuts&nbsp;as examples of successful local companies.
During <a href="https://www.barrons.com/articles/peter-lynch-how-to-find-growth-opportunities-in-todays-stock-market-51576877980">the </a>interview, when asked about what characterizes a great company, Lynch said, &#8220;My best stocks have been ones where I didn't have to worry about the big picture. A company with a better mousetrap, a growth company in a non-growth industry.&nbsp;
He expressed regret for not investing sooner in companies such as&nbsp;Walmart Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and&nbsp;Sherwin Williams Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>), attributing this to a lack of research and an underestimation of their growth potential.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/25/01/42935107/peter-lynchs-money-making-advice-when-things-go-from-terrible-to-semi-terrible-to-ok-you-can-make-a-lot-of-money" target="_blank" rel="noreferrer noopener">Peter Lynch&#8217;s Money-Making Advice: ‘When Things Go From Terrible to Semi-Terrible to OK, You Can Make a Lot of Money&#8217;</a>
Lynch advised investors to invest in a stock during the early stages of its growth and to sell before it reaches its peak. He also raised concerns about the current scarcity of growth companies, flagging this as a potential warning sign.
&#8220;If you cannot find growth companies in innings three through five of the ballgame, look at turnarounds, special situations, back at the cyclicals. There's a real shortage now of growth companies. That is a red flag, because all the money is flowing into a few companies. There's an end to that game. It will scare me if this trend continues for a couple more years,&#8221; he added. 
Why It Matters: Lynch&#8217;s insights come at a time when the stock market is experiencing significant volatility. His emphasis on the importance of growth stocks and active management provides valuable guidance for investors navigating this uncertain landscape. 
His regret over missed investment opportunities serves as a reminder of the importance of thorough research and the potential benefits of investing in companies with strong growth potential. 
His warning about the scarcity of growth companies could signal a shift in market dynamics, making his insights particularly relevant for investors.
Read Next
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Success Stories

Peter Lynch's Evergreen Market Advice: 'If You Can't Find Growth Companies In Innings Three Through Five, Look At Turnarounds'

Anthony Scaramucci, former White House communications director, has expressed concern that President Donald Trump&#8216;s tariff policies may push the <a href="https://www.benzinga.com/news/24/11/41866624/scaramucci-on-trump-win-i-got-it-wrong-im-not-going-to-whine-about-it">U.S. into a recession</a>.
What Happened: Scaramucci, who is also the founder of&nbsp;SkyBridge Capital, in&nbsp;an interview with Yahoo Business, criticized the tariff policies of President Trump. He described these policies as harmful and potentially capable of inducing a recession.
Scaramucci compared tariffs to a&nbsp;consumption tax, similar to a&nbsp;value-added tax (VAT), and stated that they disproportionately affect lower-income individuals. &#8220;So&nbsp;what ends up happening is&nbsp;the poor people, it eats&nbsp;up more of their disposable&nbsp;income than any other income&nbsp;group,&#8221; he commented.
While he suggested that&nbsp;some trade agreements should be&nbsp;restructured to protect American workers, Scaramucci disagreed with Trump&#8217;s sweeping tariff policies. &#8220;I&nbsp;don't think this sort of&nbsp;blanket approach is the right&nbsp;way to do it…And I&nbsp;think he's going to&nbsp;put us into a recession, frankly,&#8221; he added.
Also Read: <a href="https://www.benzinga.com/news/25/02/43423724/scaramucci-warns-against-trumps-tariffs-urges-lawmakers-to-take-stand-crazy-nonsense">Scaramucci Warns Against Trump&#8217;s Tariffs, Urges Lawmakers To Take Stand: &#8216;Crazy Nonsense&#8217;</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;I think [President Trump&#39;s] just going to put us into a recession, frankly,&quot; Skybridge Capital founder <a href="https://twitter.com/Scaramucci?ref_src=twsrc%5Etfw">@Scaramucci</a> told <a href="https://twitter.com/BrianSozzi?ref_src=twsrc%5Etfw">@BrianSozzi</a>. <a href="https://t.co/kk5egaHsbK">pic.twitter.com/kk5egaHsbK</a>
&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1898207041988313554?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite the criticism, President Trump continues to stand by his tariff-driven economic policy. This is evident as the White House recently retracted tariffs on Canada and Mexico. Trump maintains&nbsp;that short-term economic turbulence is&nbsp;a necessary sacrifice for achieving long-term goals.
Why It Matters: The potential for a recession due to Trump&#8217;s tariff policies is a significant concern for the US economy. 
The tariffs, which are essentially a consumption tax, could disproportionately affect lower-income individuals, leading to economic instability. Furthermore, the disagreement over the approach to trade agreements highlights the ongoing debate about the best way to protect American workers and industries. 
The persistence of these issues could potentially lead to an economic downturn, as predicted by Scaramucci and Yang.
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Anthony Scaramucci Slams Donald Trump: 'He's Going To Put Us Into A Recession, Frankly'

The bond market is sounding the alarm bells for a potential U.S. economic slowdown, as President Donald Trump&#8216;s tumultuous tariff policies and federal workforce cuts threaten to further hinder growth.
What Happened: Investors have been pouring money into short-dated Treasuries, leading to a significant dip in the two-year yield since mid-February. 
This move is a response to the anticipation that the Federal Reserve may begin to slash interest rates as early as May to ward off further economic deterioration, <a href="https://www.bloomberg.com/news/articles/2025-03-09/the-bond-market-s-trump-trade-is-looking-like-a-recession-trade?srnd=homepage-americas&amp;sref=TBDibEcD">reports </a>Bloomberg. 
&#8220;Just a few weeks ago we were fielding questions about whether we think the US economy&#8217;s re-accelerating —- and now all of a sudden the R word is being brought up repeatedly,&#8221; Gennadiy Goldberg, head of US interest rate strategy at TD Securities told the outlet.
The swift shift from optimism about growth to despair starkly contrasts the resilience of the US economy in recent years. Investors initially thought that Trump&#8217;s presidency would amplify this trend, predicting faster growth and inflation, which drove yields higher late last year.
Also Read: <a href="https://www.benzinga.com/markets/25/02/43756824/market-instability-looms-in-trumps-second-term-warns-paul-tudor-jones-theres-no-room-for-mistakes">Market Instability Looms in Trump&#8217;s Second Term, Warns Paul Tudor Jones: &#8216;There&#8217;s No Room for Mistakes&#8217;</a>
However, since mid-February, Treasury yields have fallen as the new administration&#8217;s policies have sown considerable uncertainty over the economic outlook. 
A key factor has been Trump&#8217;s escalating trade war, which is predicted to trigger another inflation shock and disrupt global supply chains.
&#8220;Recession&nbsp;risk is definitely higher because&nbsp;of the sequence of Trump&#8217;s&nbsp;policies – tariffs first, tax&nbsp;cuts later,&#8221; said&nbsp;Tracy Chen,&nbsp;a portfolio manager at Brandywine&nbsp;Global Investment Management.
Why It Matters: The bond market&#8217;s reaction is a clear indication of the growing concerns about the US economy&#8217;s health. The shift in investor sentiment, from optimism to despair, underscores the uncertainty and potential risks associated with the current administration&#8217;s policies. 
The escalating trade war and the potential for another inflation shock could further destabilize global supply chains and hinder economic growth.
Moreover, the Federal Reserve&#8217;s potential move to reduce interest rates as early as May, a measure typically taken to prevent economic decline, further highlights the severity of the situation. 
The economic implications of these developments could be far-reaching, affecting not only the US but also the global economy.
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Markets

US Economy Teetering? Recession May Be Looming As Bond Market Reacts To Trump Policies

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) has issued a warning to a select group of customers about a possible data breach. The breach could have potentially exposed sensitive data, including personal details <a href="https://www.benzinga.com/news/23/11/35738108/unexpected-account-shutdowns-at-major-banks-lead-to-frustration-accusations-of-discrimination">and Social Security numbers</a>.
What Happened: The Bank of America has alerted a small group of its customers about a data breach that may have exposed confidential information. The breach, which took place on December 30, was a result of improper handling of confidential documents by a third-party document destruction service provider.
While the exact number of affected accounts has not been disclosed, the bank confirmed&nbsp;that at least two customers&nbsp;in Massachusetts have been impacted. 
The bank <a href="https://www.mass.gov/doc/2025-302-bank-of-america/download">said</a> in a statement, &#8220;A document destruction vendor did not secure bank-related materials appropriately in transport. Some documents were found outside of the secure containers on the exterior of the financial center.&#8221;
The information that could have been exposed includes&nbsp;names, financial account details, addresses,&nbsp;phone numbers, email addresses, gender,&nbsp;dates of birth, social security&nbsp;numbers,&nbsp;and other unique government ID&nbsp;data.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/24/12/42716153/massive-data-breach-exposes-millions-of-credit-and-debit-cards-is-your-account-safe" target="_blank" rel="noreferrer noopener">Massive Data Breach Exposes Millions of Credit and Debit Cards—Is Your Account Safe?</a>
This incident comes on the heels of a similar breach in January where&nbsp;data of at least 414&nbsp;customers were put at risk due to another third-party breach. 
In light of the recent incident, Bank of America&nbsp;is offering the potentially impacted&nbsp;customers a&nbsp;complimentary membership to an identity-theft&nbsp;protection service for two years.
Why It Matters: This is not the first time Bank of America has faced a data breach issue. In January, a similar incident occurred, putting the data of hundreds of customers at risk. 
These recurring breaches highlight the vulnerabilities in the bank&#8217;s data security measures and the potential risks associated with third-party service providers. 
As a result, the bank is now offering identity-theft protection services to potentially affected customers, indicating its efforts to mitigate the impact of such breaches and restore customer trust.
Read Next
<a href="https://www.benzinga.com/news/24/10/41305389/major-banks-suffer-data-breaches-how-safe-is-your-information" target="_blank" rel="noreferrer noopener">Major Banks Suffer Data Breaches: How Safe Is Your Information?</a>
Image: Shutterstock

Bank of America Sounds Alarm on Massive Data Breach, Millions Could Be Affected - Is Your Account Safe?

Own the DOGE, the group behind the original Doge meme's intellectual property, has unveiled a new meme coin named Cocoro (COCORO), launched on Base, the Ethereum layer-2 network developed by Coinbase.
What Happened: The coin's debut coincided with a blog <a href="https://kabochan.blog.jp/archives/53553858.html">post </a>from Atsuko Sato, the owner of the late Kabosu—the Shiba Inu that inspired Dogecoin—introducing her newly adopted 10-year-old rescue dog, Cocoro. The IP around Cocoro is being officially managed by Own the Doge.
COCORO's market cap quickly surged past $80 million after its launch on Saturday, before dropping to around $46 million with a token price near $0.046. Tokenomics show 75% of the supply was locked into liquidity pools, 20% distributed via airdrops to DOG and NEIRO holders, and the remaining 5% allocated to a DAO reserve.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43420393/analyst-forecasts-mammoth-200-surge-for-this-dogecoin-and-shiba-inu-competitor">Analyst Forecasts Mammoth 200% Surge for This Dogecoin and Shiba Inu Competitor</a>
The project's pseudonymous CEO, Smoke, <a href="https://decrypt.co/309199/next-dogecoin-cocoro-official-base-meme-coin">told </a>the Decrypt that the team chose Base for its scalability and affordability. "We are big fans of what Base is doing for the ecosystem," said Smoke. "They have made it fast and affordable to build on Ethereum at scale." He added that DOG, their previous token, has over 1 million holders on Base.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are delighted to welcome the latest member of Atsuko's family, Cocoro! With Atsuko's blessing, OTD is launching <a href="https://twitter.com/search?q=%24Cocoro&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Cocoro</a>. The launch is intended to defend against unofficial, extractive deployments, while being as fair as possible and benefitting Atsuko's existing supporters.… <a href="https://t.co/6jZZK5JgS3">pic.twitter.com/6jZZK5JgS3</a>
&mdash; Own The Doge &#x1f436;&#x1f5bc; (@ownthedoge) <a href="https://twitter.com/ownthedoge/status/1898337988087599412?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), launched in 2013 without Sato's approval, went on to become one of the most valuable meme coins. In contrast, Own the Doge (DOG) was built after securing the rights to the original Doge meme photo in 2021, giving it a formal IP foundation. 
Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) are notable platforms with meme coin exposure. Investors may also look to ETFs like ProShares Bitcoin Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>) or Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>) for broader crypto-related plays.
Why It Matters: Following Cocoro's launch, DOG jumped 25% in value, per CoinGecko data. Meanwhile, NEIRO—another meme token based on a dog adopted by Sato last year—dropped 14% after Cocoro's release. Though the NEIRO token won a DAO vote for official backing, a formal agreement has yet to be signed.
The Cocoro launch marks a shift in how meme coins tied to Sato's dogs are introduced, with a deliberate attempt to create official pathways and IP clarity around future projects.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37573802/forget-dogecoin-and-shiba-inu-this-meme-coin-has-surged-nearly-70-in-just-24-hours" target="_blank" rel="noreferrer noopener">Forget Dogecoin And Shiba Inu — This Meme Coin Has Surged Nearly 70% In Just 24 Hours</a>

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

Cryptocurrency

$DOGE

BITO

COIN

HOOD

WGMI

New Meme Coin Cocoro Launched By Dogecoin's IP Rights Holder

The Trump Organization has launched a lawsuit against Capital One, alleging that the bank closed hundreds of President Donald Trump-linked accounts for politically motivated reasons.
What Happened: The Trump Organization claims that Capital One has closed numerous accounts related to the Trump family due to &#8220;woke&#8221; political motivations.
Eric Trump, the&nbsp;executive vice president of the&nbsp;Trump Organization, expressed his frustration over the situation, stating that transferring over 300 bank accounts was a challenging task. 
He clarified that these accounts were linked to various business ventures, including hotels, golf courses, residential&nbsp;and commercial buildings, retail outlets, skating rinks, and parking garages. He denied any political affiliation, emphasizing that the only common factor was the Trump name.
"I can't tell you how hard it is to change more than 300 bank accounts – and for no reason whatsoever. These were hotels and golf courses, residential buildings and commercial buildings, retail outlets and skating rinks and parking garages,&#8221; Eric Trump <a href="https://www.foxnews.com/politics/trump-organization-eric-trump-sue-capital-one-unjustifiable-2021-debanking-based-woke-beliefs">told</a> Fox News.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42499633/exclusive-eric-trump-declares-bitcoin-the-future-details-tax-free-crypto-goals-for-trump-presidency">EXCLUSIVE: Eric Trump Declares Bitcoin The Future, Details Tax-Free Crypto Goals For Trump Presidency</a>
"There was no political affiliation. The only common denominator was that they wore the Trump name," he added. 
Capital One, on the other hand, has denied these allegations, asserting that it does not terminate customer accounts due to political reasons. According to the lawsuit filed&nbsp;in the Eleventh Judicial Circuit&nbsp;of Florida, the bank had notified the Trump Organization in March 2021 about the closure of&nbsp;hundreds of their bank accounts,&nbsp;which held millions of dollars.
The lawsuit suggests that Capital One is&nbsp;part of a growing trend&nbsp;among major financial institutions to&nbsp;de-bank clients with conflicting political&nbsp;views. The Trump Organization is seeking to highlight this issue, which it deems to be of significant public interest and importance.
Insiders have hinted to Fox News that other banks, including Chase, Bank of America, and TD Bank, have also cut ties with Trump and may face similar lawsuits in the near future.
Why It Matters: This lawsuit comes at a time when financial institutions are under scrutiny for their political affiliations and actions. 
The Trump Organization&#8217;s lawsuit against Capital One could potentially set a precedent for other businesses who feel they have been unfairly treated by banks due to their political affiliations. 
The outcome of this case could have far-reaching implications for the banking industry and its relationship with politically affiliated clients.
Read Next
<a href="https://www.benzinga.com/news/24/02/37193237/eric-trump-outraged-over-hefty-fine-in-ny-civil-fraud-case-my-father-built-a-skyline-in-new-york-cit">Eric Trump Outraged Over Hefty Fine In NY Civil Fraud Case: &#8216;My Father Built A Skyline In New York City &#8230; This Is The Thanks He Gets&#8217;</a>
Image: Shutterstock

Trump Organization Sues Capital One Over Alleged Political Bias in Account Closures, Eric Trump Leads Charge

These eight mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>TG Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) shares grew 27.75% after the company reported better-than-expected <a href="https://www.benzinga.com//node/44073261" target="_blank" rel="noreferrer noopener">fourth-quarter sales results</a>.</li>
<li>Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) shares jumped 24.26% after it disclosed receiving a proposal from ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) for $35.10 per share, with an <a href="https://www.benzinga.com//node/44161052" target="_blank" rel="noreferrer noopener">implied enterprise value of $6.9 billion</a>.</li>
<li>Sibanye Stillwater (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBSW#NYSE">SBSW</a>) stock escalated 21.63%, probably due to strength in gold and silver.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) stock upped 18.99%, stemming from gains in gold price.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) stock was up 18.49%.</li>
<li>ZEEKR Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) stock upped 16.80% amid overall market strength, fueled by reports that President Trump will delay auto tariffs.</li>
<li>John Wiley &amp; Sons (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) stock rose 15.77% following better-than-expected third-quarter financial results.</li>
<li>MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares upped 15.09%, probably after Bitcoin rose back above $90,000.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44211201/moderna-microstrategy-and-tripcom-are-among-top-11-large-cap-gainers-last-week-mar-3-mar-7-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Okta, Moderna and MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/25/03/44211228/marvell-applovin-and-hewlett-packard-are-among-top-11-large-cap-losers-last-week-mar-3-mar-7-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Affirm, MongoDB, And Reddit Are Among Top 10 Large-Cap Losers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?</a></li>
</ul>
Image via Shutterstock

Equities

Mid Cap

Movers

Trading Ideas

ALGM

BILI

MARA

SBSW

TGTX

Bilibili, MARA And ZEEKR Are Among Top 8 Mid-Cap Gainers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?

Warren Buffett once warned students about the perils of excessive borrowing, citing Donald Trump <a href="https://www.benzinga.com/news/25/03/44065860/warren-buffetts-unconventional-career-advice-dont-save-your-passion-for-later-its-like-saving-up-sex-for-your-old-age">as a case in point</a>.
What Happened: Buffett, during a 1991 Q&amp;A session, was questioned&nbsp;by a Notre Dame student&nbsp;about Trump&#8217;s business difficulties. 
He responded by emphasizing Trump&#8217;s heavy dependence on borrowed money, which subsequently led to the bankruptcy of&nbsp;Trump&#8217;s Atlantic City Taj Mahal&nbsp;casino later that year.
Buffett explained, &#8220;The big problem with Donald&nbsp;Trump was he never went&nbsp;right. He basically overpaid for&nbsp;properties, but he got people&nbsp;to lend him the money.&nbsp;He was terrific at borrowing&nbsp;money. If you look at&nbsp;his assets, and what he&nbsp;paid for them, and what&nbsp;he borrowed to get them,&nbsp;there was never any real&nbsp;equity there.&#8221;
Buffett advised the students to emulate&nbsp;his own life as a&nbsp;blueprint for success&nbsp;in business and investing without&nbsp;the heavy reliance on&nbsp;debt. 
&#8220;You really don&#8217;t need leverage in this world much. If you&#8217;re smart, you&#8217;re going to make a lot of money without borrowing,&#8221; he stated. &#8220;I&#8217;ve never borrowed a significant amount of money in my life. Never. Never will. I&#8217;ve got no interest in it,&#8221; according <a href="https://www.tilsonfunds.com/BuffettNotreDame.pdf">to</a> former hedge fund manager Whitney Tilson.
Also Read: <a href="https://www.benzinga.com/markets/25/03/44067982/heres-how-warren-buffett-made-billions-from-an-industry-he-didnt-understand">Here&#8217;s How Warren Buffett Made Billions From An Industry He Didn&#8217;t Understand</a>
Buffett&#8217;s viewpoint on borrowing has remained unwavering over the years. In&nbsp;his 2017 annual letter to&nbsp;Berkshire Hathaway&nbsp;shareholders and during a subsequent CNBC interview, he cautioned investors against using debt to purchase stocks.
Why It Matters: Buffett&#8217;s advice underscores the importance of financial prudence and the potential pitfalls of over-reliance on debt. 
His consistent stance on this issue serves as a valuable lesson for investors and business students alike, emphasizing the importance of sustainable financial practices over quick, debt-fueled gains. 
This timeless advice is particularly relevant in today&#8217;s economic climate, where easy access to credit can often lead to unsustainable debt levels.
Read Next
<a href="https://www.benzinga.com/news/25/02/43423897/buffett-advises-against-using-credit-cards-as-a-source-of-funds-paying-it-off-is-gonna-be-way-better-than-any-investment-idea" target="_blank" rel="noreferrer noopener">Buffett Advises Against Using Credit Cards as a Source of Funds: ‘Paying It off Is Gonna Be Way Better Than Any Investment Idea'</a>
Image: Shutterstock

Warren Buffett on Debt and Donald Trump's Money Moves: Trump 'Never Went Right'

These ten large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares declined 38.83% after the company <a href="https://www.benzinga.com//node/44189186" target="_blank" rel="noreferrer noopener">reported fourth-quarter results.</a> JP Morgan analyst Jeremy Tonet lowered the <a href="https://www.benzinga.com/quote/vg/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast from $25 to $16</a>.</li>
<li>MongoDB Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) shares plummeted 29.83% after reporting fourth-quarter results, and several analysts revised the price <a href="https://www.benzinga.com//node/44170047" target="_blank" rel="noreferrer noopener">forecast/rating on the stock</a>.</li>
<li>Samsara (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) stock fell 25.84% after it reported <a href="https://www.benzinga.com//node/44181515" target="_blank" rel="noreferrer noopener">fourth-quarter results</a>. Multiple firms lowered their respective price <a href="https://www.benzinga.com/quote/iot/analyst-ratings" target="_blank" rel="noreferrer noopener">forecasts on the stock</a>.</li>
<li>Marvell Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares tumbled 22.85% after the company's fiscal first-quarter results and multiple analysts <a href="https://www.benzinga.com//node/44166971" target="_blank" rel="noreferrer noopener">lowered their price forecasts</a>.</li>
<li>Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) shares were down 20.19% after the company issued <a href="https://www.benzinga.com//node/44180280" target="_blank" rel="noreferrer noopener">second-quarter guidance below estimates</a>. Many analysts <a href="https://www.benzinga.com/quote/hpe/analyst-ratings" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) shares decreased 19.15% amid overall market weakness, which was fueled by rising yields and trade uncertainty. Additionally, Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) and Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) issued weak guidance, which<a href="https://www.benzinga.com//node/44171776" target="_blank" rel="noreferrer noopener"> could weigh on sector sentiment</a>.</li>
<li> FTAI Aviation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) stock decreased 19.03%.</li>
<li>Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares declined 18.99% amid overall market concerns following U.S. tariffs on trading partners.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock lost 17.18% last week amid overall market weakness on rising yields and trade uncertainty.</li>
<li>Applovin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares dipped 16.96%. The company plans to sell its games unit to Tripledot <a href="https://www.benzinga.com//node/44143705" target="_blank" rel="noreferrer noopener">Studios for $900 million</a>.</li>
</ol>
Photo via Affirm
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/03/44211201/moderna-microstrategy-and-tripcom-are-among-top-11-large-cap-gainers-last-week-mar-3-mar-7-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Okta, Moderna and MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?</a></li>
</ul>

Large Cap

AFRM

CVNA

FTAI

MRVL

RDDT

VSCO

Affirm, MongoDB, And Reddit Are Among Top 10 Large-Cap Losers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Okta Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) shares jumped 24.26% after the company reported <a href="https://www.benzinga.com/analyst-ratings/upgrades/25/03/44108947/okta-stock-is-surging-tuesday-heres-why" target="_blank" rel="noreferrer noopener">better-than-expected</a> Q4 financial results, and several analysts upgraded the <a href="https://www.benzinga.com/quote/BJ/analyst-ratings" target="_blank" rel="noreferrer noopener">stock and raised price forecast</a>.</li>
<li>Arcelor Mittal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MT#NYSE">MT</a>) stock escalated 19.50% amid strength in gold and silver.</li>
<li>ING Groep (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ING#NYSE">ING</a>) stock was up 16.98% after the company announced a €70 million share repurchase program.</li>
<li>POSCO HOLDINGS INC. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKX#NYSE">PKX</a>) shares escalated 15.55% amid overall market strength, fueled by reports that President Trump will delay auto tariffs.</li>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares upped 15.02% after CEO Stephane Bancel Disclosed a share purchase.</li>
<li>Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) stock rose 14.80%.</li>
<li>BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) stock gained 14.06% after the company reported better-than-expected <a href="https://www.benzinga.com//node/44165337" target="_blank" rel="noreferrer noopener">Q4 financial results</a>. Several analysts <a href="https://www.benzinga.com/quote/BJ/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their price forecast</a> on the stock.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) stock grew 12.64%.</li>
<li>Trip.com Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) shares jumped 12.61%, probably after China reportedly set a 2025 GDP growth target of around 5% and unlocked stimulus measures.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares rose 12.43% as Bitcoin (CRYPTO: <a href="https://www.benzinga.com/quote/btc/usd" target="_blank" rel="noreferrer noopener">BTC</a>) <a href="https://www.benzinga.com//node/44138476" target="_blank" rel="noreferrer noopener">moved closer to the $90,000 mark</a>.</li>
</ol>
Image via Shutterstock

ESLT

MRNA

MSTR

OKTA

TCOM

Okta, Moderna and MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Mar 3-Mar 7): Are The Others In Your Portfolio?

Vice President JD Vance recently found himself confronted by a group of pro-Ukraine protestors while out with his young daughter in Ohio.
What Happened: Vance came across a group of &#8220;Slava Ukraini&#8221; protestors near his residence in East Walnut Hills, Cincinnati. The group, consisting of around 30 to 40 individuals, prominently displayed signs expressing support for Ukraine. They allegedly followed Vance, shouting slogans that caused his three-year-old daughter to become visibly distressed.
In an attempt to distract the protestors from his child, Vance engaged in a dialogue with them. He characterized the exchange as &#8220;mostly respectful,&#8221; but voiced criticism against involving children in political demonstrations.
He wrote on X, "I decided to speak with the protesters in the hopes that I could trade a few minutes of conversation for them leaving my toddler alone. (Nearly all of them agreed)."
He added it was "mostly respectful conversation, but if you're chasing a 3-year-old as part of a political protest, you're a s— person."&nbsp;
Also Read: <a href="https://www.benzinga.com/news/25/02/43759455/vance-rubio-noem-heres-who-might-top-the-gop-ticket-in-2028">Vance? Rubio? Noem? Here&#8217;s Who Might Top the GOP Ticket in 2028</a>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today while walking my 3 year old daughter a group of "Slava Ukraini" protesters followed us around and shouted as my daughter grew increasingly anxious and scared. I decided to speak with the protesters in the hopes that I could trade a few minutes of conversation for them…
&mdash; JD Vance (@JDVance) <a href="https://twitter.com/JDVance/status/1898471709662916636?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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While the specifics of the conversation were not disclosed by the Vice President, this occurrence follows a tense meeting last month between President Donald Trump and Ukrainian President Volodymyr Zelenskyy, in which Vance played a role.
The meeting took a sour turn when Zelensky voiced skepticism regarding Russian President Vladimir Putin&#8216;s commitment to a ceasefire agreement.
In the aftermath of the strained meeting, the U.S. suspended aid to Ukraine and halted intelligence sharing. Vance, who has been known to express doubts about aid to Ukraine, has previously encountered pro-Ukraine protests during a visit to Vermont.
Why It Matters: This incident underscores the ongoing tension between the U.S. and Ukraine, particularly in the wake of the contentious meeting between the two nations&#8217; leaders. The confrontation with the protestors also highlights the public&#8217;s awareness and concern over these geopolitical issues. 
The fact that these protests are occurring not only at official events, but also in the personal life of the Vice President, indicates the depth of public sentiment on this issue.
Read Next
<a href="https://www.benzinga.com/news/24/09/40760697/jd-vance-supports-tucker-carlson-amid-holocaust-revisionist-controversy">JD Vance Supports Tucker Carlson Amid Holocaust Revisionist Controversy</a>
Image: Shutterstock

VP Vance Slams Pro-Ukraine Protesters for Confronting Him With His Daughter: 'Chasing a Three-Year-Old for Politics'

Last fall, billionaire entrepreneur Mark Cuban publicly expressed his admiration for Elon Musk&#8216;s business acumen and risk-taking approach, despite their <a href="https://www.benzinga.com/tech/25/02/43424157/mark-cuban-suggests-20-minute-daily-habit-to-destabilize-musk-zuckerberg-and-even-president-trump">ideological differences</a>.
What Happened: In an October 2024 interview, Cuban praised Musk&#8217;s propensity to heavily invest in his business ventures. &#8220;He goes all in,&#8221; Cuban said.
Musk&#8217;s purchase of Twitter was highlighted as an example of his risk-taking approach. Musk acquired the platform in October 2022 for $44 billion, using his personal funds, bank loans, and capital from other investors. 
However, X&#8217;s valuation has since taken a hit, largely due to Musk&#8217;s controversial stance on hate speech and &#8220;free speech.&#8221;
Despite these challenges, Cuban commended Musk&#8217;s entrepreneurial feats, including the co-founding of seven companies such as&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX. 
Also Read:&nbsp;<a href="https://www.benzinga.com/news/25/01/43245984/cuban-on-musk-i-have-no-problem-throwing-elon-under-the-bus-but-ill-save-it-for-when-its-truly-deser" target="_blank" rel="noreferrer noopener">Cuban on Musk: ‘I Have No Problem Throwing Elon Under the Bus, but I'll Save It for When It's Truly Deserved'</a>
"Put aside his genius in coming up and running these companies, the one thing I respect the most about Elon Musk — and he does more than anybody I've ever seen — and that is he goes all in. He takes every cent he has and he believes in it, and he goes all&#8230;in. He never hedges his bet, at all," he said during the podcast.
<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">EARLY DROP! buckle up besties&#8230; we&#39;ve got &#x2A;two hours&#x2A; with <a href="https://twitter.com/mcuban?ref_src=twsrc%5Etfw">@mcuban</a> for you! &#8212; kamala vs trump &#8212; why he sold a majority of his <a href="https://twitter.com/dallasmavs?ref_src=twsrc%5Etfw">@dallasmavs</a> position &#8212; cost plus drugs &#8212; relationship w/ <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> &#8212; <a href="https://twitter.com/OpenAI?ref_src=twsrc%5Etfw">@openai</a>&#39;s new fundraise &#8212; national debt &#8212; crypto regulation &#8212; middle… <a href="https://t.co/dGumsgD4hh">pic.twitter.com/dGumsgD4hh</a>
&mdash; The All-In Podcast (@theallinpod) <a href="https://twitter.com/theallinpod/status/1841947111249871187?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
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&#8220;What he&#8217;s&nbsp;been able to accomplish is&nbsp;insane, it&#8217;s incredible,&#8221; Cuban remarked. However, he did criticize Musk&#8217;s social media conduct, referring to him as a &#8220;troll&#8221;.
"What he's been able to accomplish is insane, it's incredible. I would never diminish anything he's done as an entrepreneur," Cuban said. "As a Twitter user? &#8230; He just trolls to troll to troll."
Why It Matters: This development underscores the complex relationship between two of America&#8217;s most influential entrepreneurs. 
Despite their ideological differences and public disagreements, there seems to be a mutual respect for each other&#8217;s business acumen and entrepreneurial spirit. 
The impact of Musk&#8217;s risk-taking approach on X&#8217;s future remains to be seen, but it&#8217;s clear that his bold decisions continue to shape the business landscape.
Read Next
<a href="https://www.benzinga.com/news/25/03/44065757/mark-cuban-warns-elon-musk-is-making-trumps-job-1000-times-harder">Mark Cuban Warns Elon Musk Is Making Trump&#8217;s Job &#8216;1,000 Times Harder&#8217;</a>
Image: Shutterstock

Social Media

TSLA

Mark Cuban Reveals the Thing He Respects Most About Elon Musk: 'What He's Been Able To Accomplish Is Insane, It's Incredible'

Wall Street is in turmoil again, and CNBC's Jim Cramer is <a href="https://x.com/jimcramer/status/1896923840460333463">voicing</a> what <a href="https://www.benzinga.com/startups/24/11/42246718/669874">many investors are wondering</a>: "Do we just keep selling because everyone is selling?" The stock market saw another sharp drop on Thursday, with the S&amp;P 500 falling 1.8%, the Dow Jones Industrial Average losing 427 points, and the Nasdaq tumbling 2.6%.
Cramer followed up his first tweet with another, <a href="https://x.com/jimcramer/status/1896666279920247087">calling</a> the current administration the "Every Day Lower Prices Walmart White House." His comments reflect frustration over the volatility caused by President Trump's tariffs and economic policies.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We are dealing with the Every Day Lower Prices Walmart White House
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1896666279920247087?ref_src=twsrc%5Etfw">March 3, 2025</a></blockquote>
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<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"> this is your last chance to become an investor for $0.80 per share today.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
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<h2 class="wp-block-heading">Tariff Uncertainty Adds to the Sell-Off</h2>
Investors are struggling to keep up with the back-and-forth on tariffs. Trump announced a <a href="https://www.benzinga.com/news/global/25/03/44176918/trump-delays-mexico-tariffs-for-a-month-economic-uncertainty-persits">one-month reprieve</a> on some tariffs for Mexico and Canada, but concerns remain as new tariffs are still set to take effect in April. "These exemptions don't do much to resolve the general air of uncertainty," said Yung-Yu Ma, chief investment officer at BMO Wealth Management, according to media reports. Businesses are cautious, and consumers are bracing for inflation.
Trump, however, dismissed concerns that his tariff policies are rattling markets. "I'm not even looking at the market," he said in the Oval Office on Thursday, blaming falling stock prices on "globalist countries and companies that won't be doing as well because we're taking back things that have been taken from us many years ago."
Trending: <a href="https://www.benzinga.com/money/startengine-own">The $1.3 Billion Startup Investment Boom: How This Company's Explosive Growth Is Opening Doors For Everyday Investors With A New $500 Minimum</a>
<h2 class="wp-block-heading">AI Stocks and Retail Struggles Weigh on Wall Street</h2>
Adding to the market's pain, AI stocks—once Wall Street's biggest winners—are seeing losses. Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) dropped nearly 20% despite reporting solid earnings. Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 5.7%, and Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) slipped 6.3% ahead of its earnings report. Investors who had grown accustomed to AI stocks consistently outperforming expectations are now re-evaluating their positions.
Retailers are also feeling the pressure. Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) reported weaker-than-expected revenue, and Victoria's Secret (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) fell 8.2% after giving a disappointing forecast. These reports signal that consumer spending, a key pillar of economic stability, may be softening.
See Also: <a href="https://www.benzinga.com/money/overplay">Mark Cuban Backs This Innovative Startup That Turns Videos into Games&nbsp; &#8212; Claim Your Share Now</a>
<h2 class="wp-block-heading">Larry Fink: Buy the Dip Despite Market Turmoil</h2>
While some fear more losses ahead, BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) CEO Larry Fink sees an opportunity. <a href="https://www.investing.com/news/transcripts/blackrock-at-rbc-conference-technology-and-growth-insights-93CH-3911196">Speaking</a> at the recent RBC Capital Markets Global Financial Institutions Conference in New York, he reassured investors: "The world's fine… The United States will get by." He acknowledges 2025 will be volatile but believes in long-term growth. "If there's a big dip, good. Good time to buy."
Fink highlighted AI's potential, though he admitted its high costs are keeping it out of reach for smaller companies. He also pointed to Europe's economic rebound, citing increased defense spending and financial reforms.
With uncertainty high, Cramer's question—"Do we just keep selling because everyone is selling?"—captures the mood on Wall Street. Whether investors follow Larry Fink's advice to buy the dip or continue the sell-off remains to be seen.
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<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
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AVGO

NVDA

Jim Cramer Asks, 'Do We Just Keep Selling Because Everyone Is Selling?'—Calls It The 'Every Day Lower Prices Walmart White House'

Iran&#8217;s Supreme Leader Ayatollah Ali Khamenei has categorically rejected a peace negotiation proposal from President Donald Trump, accusing the US of attempting to &#8220;bully&#8221; Iran into compliance.
What Happened: Khamenei dismissed the idea of engaging in dialogues with Washington. He alleged that Trump&#8217;s objective was not to resolve issues but to &#8220;impose their own expectations,&#8221; as per Iranian state media.
"The insistence of some bully governments on negotiations is not to resolve issues, but to dominate and impose their own expectations," The New York Post <a href="https://nypost.com/2025/03/08/us-news/iran-responds-one-day-after-trump-sends-nuclear-negotiation-letter/">quoted</a> Khamenei saying in a meeting.
Khamenei also took to social&nbsp;media to express his viewpoint, stating that for&nbsp;coercive governments, negotiation is a&nbsp;tool to put forward new demands, a notion that Iran refuses to accept. He refrained from directly mentioning the US in his comments.
Also Read: <a href="https://www.benzinga.com/news/24/11/41703497/iran-flexes-nuclear-muscle-threatens-us-with-tooth-breaking-retaliation">Iran Flexes Nuclear Muscle, Threatens US With &#8216;Tooth-Breaking&#8217; Retaliation</a>
"For coercive governments, negotiation is a way to put forward new demands. These new demands will certainly not be met by Iran,&#8221; he wrote on X. &#8220;They put forward new demands regarding the country's defense and international capabilities or don't do this, don't see that, don't go there, don't produce that, don't have a missile with a range greater than this distance. Who can accept them?"
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ils mettent en avant de nouvelles exigences concernant les capacités de défense &amp; internationales du pays ou des ne faites pas ceci, ne voyez pas un tel, n&#39;allez pas là-bas, ne produisez pas cela, n&#39;ayez pas de missile de portée supérieure à telle distance. Qui peut les accepter? <a href="https://t.co/4A13P21lPm">https://t.co/4A13P21lPm</a>
&mdash; Ayatollah Khamenei (@fr_Khamenei) <a href="https://twitter.com/fr_Khamenei/status/1898415048256602271?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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These statements were made a day after Trump disclosed his letter to Iran, suggesting that peaceful negotiation would be more advantageous for Iran. Trump also hinted that military action remains a possibility.
United Nations nuclear watchdog chief Rafael Grossi cautioned that time is running short for diplomacy as Iran continues to amass uranium near weapons-grade. Despite this, Tehran insists that its nuclear work is strictly for peaceful purposes.
Why It Matters: This refusal from Iran to engage in peace negotiations with the US further escalates the tension between the two nations. US concern about Iran&#8217;s nuclear program is not unfounded, as indicated by the warning from the United Nations nuclear watchdog chief.
The rejection of Trump&#8217;s proposal could potentially lead to a more aggressive stance from the US, including the possibility of military action. 
This development is crucial in the global political landscape, as it could significantly impact the dynamics of power and peace negotiations in the Middle East.
Read Next
<a href="https://www.benzinga.com/news/24/10/41196317/trump-urges-israel-to-target-iran-nuke-sites-hit-nuclear-first-and-worry-about-the-rest-later" target="_blank" rel="noreferrer noopener">Trump Urges Israel To Target Iran Nuke Sites: ‘Hit Nuclear First And Worry About The Rest Later'</a>
Image: Shutterstock

Global

Iran Dismisses Trump's Nuclear Negotiation Proposal, Accuses US of Coercion

Well-known financial analyst Samantha LaDuc has warned about current financial conditions and their impact on <a href="https://www.benzinga.com/news/25/02/43581792/mary-trump-slams-uncle-says-president-isnt-just-destroying-democracy-hes-handing-unchecked-power-to-people-like-elon-musk">Wall Street and Main Street</a>.
What Happened:&nbsp;On Saturday, LaDuc took to X to share her insights. She believes that financial conditions are not easing, but are instead being reset&nbsp;to stimulate real growth from&nbsp;Main Street. This, she says, is being done by pushing down the dollar, yields, and oil&nbsp;to unwind equity leverage from&nbsp;Wall Street.
LaDuc further explained that the examples of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) troughs triggered by a falling US dollar were actually the result of global central bank policy interference and liquidity infusions, primarily led by the US, to suppress the dollar, yields, and volatility. She said, &#8220;Bitcoin is trapped.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Financial conditions are not easing. They are being reset to push down dollar, yields and oil so as to unwind equity leverage from Wall St to stimulate real growth from Main St . All the examples of BTC troughs triggered by falling USD were in fact global central bank POLICY… <a href="https://t.co/LJphKpnNd0">https://t.co/LJphKpnNd0</a>
&mdash; Samantha LaDuc (@SamanthaLaDuc) <a href="https://twitter.com/SamanthaLaDuc/status/1898164482343673932?ref_src=twsrc%5Etfw">March 8, 2025</a></blockquote>
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She also highlighted the shift to fiscal dominance and trade wars,&nbsp;where rising yields inflate assets&nbsp;and falling yields deflate them. This, she claims, is contrary to the previous&nbsp;macro landscape of rate repression&nbsp;to keep speculation bid.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43759418/robert-kiyosaki-predicts-wall-street-crash-and-layoffs-prepare-for-market-crash-depression-and-war">Robert Kiyosaki Predicts Wall Street Crash and Layoffs: &#8216;Prepare for Market Crash, Depression and War&#8217;</a>
Why It Matters:&nbsp;LaDuc&#8217;s views are significant as they challenge the common belief that financial conditions are easing. Instead, she suggests that a reset is taking place to stimulate real growth, a shift that could have profound implications for investors and the broader economy.
She also posits that Bitcoin is trapped and will not significantly rise until quantitative easing (QE) is restarted. However, she warns that if QE is restarted,&nbsp;bonds will crash with stocks&nbsp;and Bitcoin, following the initial risk-on excitement.
These insights provide a fresh perspective on the current financial landscape and the potential future of Bitcoin and other investments.
Read Next
<a href="https://www.benzinga.com/markets/25/02/43756824/market-instability-looms-in-trumps-second-term-warns-paul-tudor-jones-theres-no-room-for-mistakes">Market Instability Looms in Trump&#8217;s Second Term, Warns Paul Tudor Jones: &#8216;There&#8217;s No Room for Mistakes&#8217;</a>
Image: Shutterstock

$BTC

Samantha LaDuc Says Financial Conditions Are Being Reset and Not Easing: 'Bitcoin Is Trapped'

The past week was a rollercoaster ride for the EV industry, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) making headlines in China and Japan, Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) announcing its Georgia facility&#8217;s timeline and a sweet partnership, and the &#8220;Big Three&#8221; automakers facing potential profit wipeout due to Trump&#8217;s tariffs.
Here&#8217;s a quick recap of the top stories.
Tesla&#8217;s China Surge
Tesla has reportedly received a whopping 200,000 orders for its refreshed Model Y in China since its January launch, according to Chinese media platform 36Kr. This surge in orders, including refundable ones, is expected to boost Tesla&#8217;s deliveries in the coming months.
<a href="https://www.benzinga.com/tech/25/03/44187868/tesla-receives-200000-orders-for-refreshed-model-y-in-china-report">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/25/03/44176616/trump-vs-musk-tesla-to-be-hurt-by-tariffs-on-mexico-despite-friendship">Trump Vs. Musk: Tesla To Be Hurt By Tariffs On Mexico Despite Friendship</a>
Tesla&#8217;s Japan Retreat
In a surprising move, Tesla announced it will stop taking custom orders for new Model S and X vehicles in Japan after April 1. The production of these higher-end cars for the Japanese market will end on March 31, and the company will only sell stock or used vehicles in the country thereafter.
<a href="https://www.benzinga.com/tech/25/03/44185179/elon-musk-mourned-teslas-lack-of-market-share-in-japan-in-2024-ev-giant-to-now-halt-sale-of-new-model-s-x-vehicles-in-country">Read the full article here.</a>
Rivian&#8217;s Georgia Timeline
Rivian&#8217;s CFO Claire McDonough revealed that the company&#8217;s Georgia facility, set to manufacture its R2 and R3 vehicles, is expected to be operational by 2028. Meanwhile, Rivian is expanding its Illinois facility to start R2 production in the first half of 2026.
<a href="https://www.benzinga.com/25/03/44136503/rivians-georgia-facility-to-be-ready-in-2028-ev-exports-to-foreign-markets-after-r2-production-ramp-says-company-cfo">Read the full article here.</a>
Trump&#8217;s Tariffs Threat:
Barclays warned that the tariffs imposed by President Donald Trump could potentially wipe out the profits of Detroit's "Big Three" automakers &#8211;&nbsp;General Motors,&nbsp;Ford Motor, and&nbsp;Stellantis NV. These countries have announced retaliatory tariffs in response.
<a href="https://www.benzinga.com/markets/25/03/44135215/trumps-tariffs-could-wipe-out-profits-for-gm-ford-and-stellantis-barclays-warns-tariffs-of-this-magnitude-are-unlikely-to-stick">Read the full article here.</a>
Rivian&#8217;s Ice Cream Trucks
Rivian has partnered with Ben &amp; Jerry's to introduce two electric "scoop trucks" of the future. Despite the market&#8217;s anticipation of the impact of U.S. tariffs, this collaboration is sure to turn heads.
<a href="https://www.benzinga.com/25/03/44118884/rivians-electric-ice-cream-trucks-a-partnership-with-ben-jerrys-revolutionizing-future-of-scoops">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44143606/tesla-stock-nears-50-drop-from-all-time-highs-analyst-says-difficult-fundamental-co" target="_blank" rel="noreferrer noopener">Tesla Stock Nears 50% Drop From All-Time Highs: Analyst Says ‘Difficult Fundamental Conditions' Ahead</a></li>
</ul>
Photo courtesy: Tesla
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>

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