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The past week was a whirlwind of activity in the tech world, with artificial intelligence (AI) taking center stage. From&nbsp;Elon Musk&#8216;s xAI expanding its supercomputer footprint to&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) delaying its next-gen Siri, the AI landscape continues to evolve. Here&#8217;s a roundup of the top stories.
Elon Musk&#8217;s xAI Acquires Massive Property for Supercomputer Expansion
Elon Musk&#8217;s AI venture, xAI, has made a significant investment in Southwest Memphis, Tennessee. The company has purchased a 1-million-square-foot property, building on its previous announcement to scale its supercomputer, Colossus, to house at least one million GPUs in the state. The move marks a significant step in xAI&#8217;s expansion strategy.
<a href="https://www.benzinga.com/tech/25/03/44208284/elon-musks-xai-acquires-1-million-square-foot-property-in-memphis-for-supercomputer-expansion">Read the full article here.</a>
Apple Delays Next-Gen Siri
In a surprising turn of events, Apple has confirmed that its highly anticipated Siri upgrade, which includes AI-powered personalization and contextual awareness, will roll out later than expected. The delay was confirmed by Apple spokesperson Jacqueline Roy. The tech giant has yet to announce a new release date.
<a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">Read the full article here.</a>
Meta AI Assistant May Get Paid Subscriptions, Ads
Mark Zuckerberg&#8217;s&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly planning to introduce improved voice features into its latest open-source large language model, Llama 4. The move indicates a potential shift towards paid subscriptions and ads, as Meta continues to enhance its AI capabilities.
<a href="https://www.benzinga.com/media/25/03/44191670/meta-ai-assistant-may-get-paid-subscriptions-ads-llama-4-upgrade-in-the-works">Read the full article here.</a>
Palantir Delivers AI-Powered Battle Stations to US Army
Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) has delivered mobile battle stations to the U.S. Army under its $178 million military deal. The Tactical Intelligence Targeting Access Node (TITAN) system marks the debut of a software company as a prime defense contractor.
<a href="https://www.benzinga.com/government/regulations/25/03/44190445/palantir-delivers-ai-powered-battle-stations-to-us-army-stock-now-comparable-to-tesla-circa-2015-analyst">Read the full article here.</a>
Ex-Google CEO Eric Schmidt Warns Against Global Race for Superintelligent AI
Former Google CEO Eric Schmidt, along with Scale AI CEO Alexandr Wang and Center for AI Safety Director Dan Hendrycks, has issued a warning against a global race to develop superintelligent AI. The experts expressed concerns over the U.S. government's potential pursuit of artificial general intelligence (AGI) in a manner akin to the Manhattan Project.
<a href="https://www.benzinga.com/markets/25/03/44185833/former-google-ceo-eric-schmidt-warn-of-nuclear-level-risks-in-global-superintelligent-ai-race-what-begins-as-a-push-for-a-superweapon">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44209114/trump-threatens-russia-with-sanctions-amid-ukraine-conflict-as-he-pushes-for-peace" target="_blank" rel="noreferrer noopener">Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace</a></li>
</ul>
Photo courtesy: Shutterstock
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>

News

Tech

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Elon Musk's xAI Expands, Apple Delays Siri, Meta's AI Assistant May Get Paid Subscriptions, And More: This Week In AI

Recent data shows family offices are strategically shifting toward Alternative Investment Funds (AIFs) to protect wealth and maximize returns in today&#8217;s <a href="https://www.benzinga.com/news/25/03/44203241/powell-stresses-patience-as-fed-navigates-market-uncertainty-trade-turmoil">volatile market landscape</a>, as detailed in a new CNBC report.
This <a href="https://www.cnbctv18.com/alternative-investment-fund/family-offices-increasingly-investing-via-aifs-alternative-investment-funds-whats-driving-the-trend-19569212.htm">trend </a>highlights significant opportunities for financial advisors to expand their service offerings to high-net-worth clients in 2025.
Diversification Through Alternatives Becomes Top Priority
Family offices are rapidly moving beyond traditional stocks, bonds, and real estate investments as market uncertainty continues. According to wealth management expert Niresh Maheshwari, AIFs have become increasingly attractive because they &#8220;offer tailored investment strategies across various sectors—whether private equity, real estate, or hedge funds.&#8221;
Risk Management Strategies Focus on Long-Term Protection
The CNBC report emphasizes that family offices are particularly drawn to AIFs for their ability to diversify risk through investments that aren&#8217;t closely tied to stock market fluctuations. Market-neutral strategies and dynamic asset allocation have become essential tools for wealth preservation.
Financial professionals should prioritize helping clients understand how these approaches can reduce exposure to traditional markets while maintaining growth potential.
Expertise and Customization Remain Critical Differentiators
The growing complexity of AIFs means family offices increasingly value specialized expertise and tailored solutions. Successful wealth managers are those who can navigate these complex investments while aligning strategies with each family&#8217;s unique long-term goals and risk tolerance.
This shift toward alternatives aligns with findings from the JPMorgan Alternative Investment Outlook <a href="https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-releases-2025-alternatives-outlook-highlighting-investor-opportunities-amid-global-policy-shifts/" target="_blank" rel="noreferrer noopener">2025</a> and the Goldman Sachs Family Office Investment <a href="https://www.goldmansachs.com/insights/articles/gs-family-office-investment-insights-report" target="_blank" rel="noreferrer noopener">Report</a> that show similar trends.
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/25/03/44202991/best-and-worst-performing-sp-500-stocks-since-trumps-election-win">Best And Worst Performing S&amp;P 500 Stocks Since Trump&#8217;s Election Win</a></li>
</ul>
Photo: Shutterstock

Financial Advisors

Family Offices Embrace Alternative Investment Funds To Protect Wealth In 2025

The past week in the crypto world was dominated by President Donald Trump&#8217;s announcement of a strategic U.S. cryptocurrency reserve. The move has sparked a flurry of reactions, with some questioning the inclusion of certain digital currencies and others calling for a Congressional investigation.
Here&#8217;s a recap of the top stories.
Schiff Questions Rationale for XRP Reserve
Renowned economist&nbsp;Peter Schiff&nbsp;expressed his confusion over the inclusion of XRP in the cryptocurrency reserve that was announced by President Trump. While Schiff acknowledged the rationale behind Bitcoin&#8217;s inclusion, he slammed the decision to include XRP, questioning its necessity.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069015/bitcoin-is-digital-gold-but-whats-the-rationale-for-an-xrp-reserve-asks-peter-schiff-cardano-founder-charles-hoskinson-says-trump-made-the-right-decision">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/25/03/44159088/microsoft-might-have-given-bitcoin-investments-a-miss-for-now-but-one-of-its-largest-investors-has-been-an-avid-advocate-of-cryptos-blockchains" target="_blank" rel="noreferrer noopener">Microsoft May Have Given Bitcoin Investments A Miss But A Large MSFT Stock Holder Is A Strong Crypto, Blockchain Advocate</a>
Trump&#8217;s Crypto Reserve Plan Faces Backlash
President Trump&#8217;s crypto reserve plan has not been well-received by his tech community supporters. The plan, which includes Bitcoin, Ether, XRP, Solana's SOL token, and Cardano, has led to a significant divide among his tech allies.
<a href="https://www.benzinga.com/25/03/44107003/trump-faces-backlash-over-crypto-reserve-plan-from-bitcoin-supporters-including-his-own-dont-think-the-government-should-be-pumping-our-crypto-bags-with-taxpayer-money">Read the full article here.</a>
Schiff, Scaramucci Call for Congressional Inquiry
Peter Schiff&nbsp;and&nbsp;Anthony Scaramucci&nbsp;have called for a Congressional investigation into President Trump&#8217;s recent cryptocurrency announcements. Schiff raised questions about potential insider trading and manipulation related to the strategic cryptocurrency reserve declaration.
<a href="https://www.benzinga.com/25/03/44100165/peter-schiff-anthony-scaramucci-question-trumps-crypto-reserve-announcements-seek-congressional-inquiry">Read the full article here.</a>
Gordon Johnson Criticizes Market Corruption
Gordon Johnson, an analyst at GLJ Research, criticized what he called market "corruption" following President Trump&#8217;s announcement of a strategic U.S. cryptocurrency reserve. Johnson responded to allegations that Trump's proposed cryptocurrency purchases aligned with holdings previously owned by his crypto advisor, David Sacks.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44069546/gordon-johnson-slams-market-corruption-following-trumps-crypto-reserve-announcement">Read the full article here.</a>
Polymarket CEO Invited to White House Crypto Summit
Shayne Coplan, CEO of prediction market platform Polymarket, confirmed that he will attend the White House Digital Asset Roundtable. Coplan, who was once raided by the FBI for alleged regulatory violations, thanked President Trump for the invitation.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44185814/polymarket-ceo-who-was-raided-by-the-fbi-on-allegations-of-regulatory-violations-gets-invited-to-white-house-crypto-summit">Read the full article here.</a>
Read Next:&nbsp;
<ul>
<li><a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise" target="_blank" rel="noreferrer noopener">Trump Creates Strategic Bitcoin Reserve Funded By Forfeited Assets: ‘I Made The Promise' — BTC Dips 4%</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>

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

Cryptocurrency

Trump's Crypto Reserve Plan Sparks Controversy, Schiff Questions XRP Inclusion, Polymarket CEO Invited To White House: This Week In Crypto

The past week has been a rollercoaster for&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). From delays in AI upgrades to legal challenges and product teasers, the tech giant has been making headlines left, right, and center. Here&#8217;s a quick recap of the top stories that shaped Apple&#8217;s week.
Apple Delays Next-Gen Siri
The highly anticipated upgrade to Siri, Apple&#8217;s voice assistant, will take longer than expected to hit the market. The update, which includes AI-powered personalization and contextual awareness, was confirmed to be delayed by Apple spokesperson Jacqueline Roy.
<a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades">Read the full article here.</a>
Apple Challenges UK&#8217;s &#8216;Backdoor&#8217; Order
In a landmark legal case, Apple is reportedly challenging a directive from the UK government that would force the company to create a &#8220;backdoor&#8221; into its encrypted iCloud storage. The move has drawn criticism from President Donald Trump, who compared the directive to China-style surveillance.
<a href="https://www.benzinga.com/markets/25/03/44133360/apple-challenges-uks-backdoor-order-in-landmark-legal-case-after-trump-compares-directive-to-china-style-surveillance-report">Read the full article here.</a>
Tim Cook Teases New Product
Apple CEO Tim Cook sparked speculation with a cryptic teaser hinting at a new "Air" product launch this week. Fans are left guessing whether it&#8217;s the highly anticipated MacBook Air or something entirely unexpected.
<a href="https://www.benzinga.com/tech/25/03/44099748/tim-cook-says-theres-something-in-the-air-new-macbook-air-or-a-surprise-product-launch-on-the-cards">Read the full article here.</a>
Trump Criticizes UK&#8217;s Apple Encryption Order
President Donald Trump has strongly criticized the UK government&#8217;s demand for Apple to create a backdoor into its encrypted cloud storage, comparing the move to authoritarian surveillance tactics used in China.
<a href="https://www.benzinga.com/media/25/03/44069785/trump-blasts-uks-apple-encryption-order-warns-against-grave-privacy-violations-thats-something-you-hear-about-with-china">Read the full article here.</a>
Apple&#8217;s New Technology for Age Verification
Apple is reportedly developing a new technology that could help social media apps identify users under 16 years of age. The &#8220;Declared Age Range&#8221; application programming interface (API) is expected to be launched on iOS devices.
<a href="https://www.benzinga.com/25/02/44036079/apples-new-declared-age-range-api-could-reshape-social-media-age-restrictions">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44209114/trump-threatens-russia-with-sanctions-amid-ukraine-conflict-as-he-pushes-for-peace" target="_blank" rel="noreferrer noopener">Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace</a></li>
</ul>
Photo courtesy: Shutterstock
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>

Apple's Tumultuous Week – From Siri Delays, Legal Battles, And New Product Teasers: This Week In Appleverse

The past week has been a rollercoaster ride for the financial world. From Warren Buffett&#8217;s stern warning about tariffs to President Trump&#8217;s call to end the CHIPS Act, the market has been grappling with a flurry of developments.
Here&#8217;s a quick recap of the top stories that made headlines over the weekend.
Buffett Calls Tariffs &#8216;An Act Of War&#8217;&nbsp;
Buffett characterized tariffs as "an act of war" that functions as a consumer tax. This comes as markets grapple with President Donald Trump‘s recent implementation of 25% tariffs on Canadian and Mexican imports. Buffett, in an interview with CBS News, was blunt about the impact of tariffs on inflation, stating that they are a tax on goods.
<a href="https://www.benzinga.com/markets/equities/25/03/44070257/warren-buffett-calls-tariffs-an-act-of-war-warns-they-function-as-a-tax-on-goods-amid-market-turmoil">Read the full article here.</a>
Read Also:&nbsp;<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44108913/tariffs-trump-tumult-how-to-trade-this-volatility-vix-surge" target="_blank" rel="noreferrer noopener">Tariffs, Trump, Tumult: How To Trade The Volatility Surge</a>
Trump Seeks To End CHIPS Act
In a surprising move, President Donald Trump called for ending the CHIPS Act during his joint address to Congress. The Act provides manufacturing incentives to semiconductor companies setting up their facilities in the U.S. Trump criticized the legislation, urging U.S. House Speaker Mike Johnson to &#8220;get rid&#8221; of it.
<a href="https://www.benzinga.com/general/market-summary/25/03/44135177/trump-seeks-to-end-chips-act-who-stands-to-lose-heres-a-list-of-beneficiaries-that-could-be-affected">Read the full article here.</a>
Trump Considering Tariff Relief For Mexico, Canada
Commerce Secretary Howard Lutnick revealed that the Trump Administration is considering rolling back some of the tariffs placed on Mexico and Canada. Lutnick stated that Trump will make his decision on tariffs on Wednesday afternoon.
<a href="https://www.benzinga.com/news/25/03/44143647/trump-considering-tariff-relief-for-mexico-canada-commerce-secretary-lutnick-says">Read the full article here.</a>
US Dollar Weakness A &#8216;Symptom Not Cause&#8217;
As the U.S. dollar witnessed its largest two-day decline in over two years, experts argue the importance of devaluation for global growth. The macro strategist at Crescat Capital, Otavio Costa, highlighted that the dollar "needs to be devalued to restore global growth."
<a href="https://www.benzinga.com/government/regulations/25/03/44160833/us-dollar-weakness-a-symptom-not-cause-argues-expert-as-economist-hails-devaluation-to-restore-global-growth">Read the full article here.</a>
Trump Bump Turns Into A Slump
The S&amp;P 500 has now wiped out all of its post-election gains, shedding a staggering $3.3 trillion since its Feb. 19 peak. This equates to a brutal $330 billion in market cap per trading day over the past two weeks.
<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/03/44139684/trump-bump-turns-into-slump-spy-sinks-as-sp-500-erases-post-election-gains">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44114754/stock-market-sell-off-history-shows-sp-500-rebounds-after-big-drops" target="_blank" rel="noreferrer noopener">Stock Market Sell-Off: History Shows S&amp;P 500 Rebounds After Big Drops</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>

Economics

Buffett's Tariff Warning, Trump's CHIPS Act Repeal, And S&P 500's Post-Election Slump: This Week In Economics

The past week has been a whirlwind of economic and political news, with President Donald Trump&#8217;s tariff threats, Treasury Secretary Scott Bessent&#8217;s economic &#8216;detox&#8217; remarks, and a federal judge&#8217;s block on Trump&#8217;s freeze of billions in congressional funds making headlines. Here&#8217;s a quick round-up of the top stories:
Canada Responds to Trump&#8217;s Tariff Threats
President Donald Trump&#8217;s threats to impose reciprocal tariffs on Canadian lumber and dairy products have reignited trade tensions with the northern neighbor. Trump accused Canada of &#8220;ripping us off for years&#8221; with a 250% tariff on U.S. dairy, which he said hurts American farmers. He warned that Canada would face matching tariffs unless it reduced its own.
<a href="https://www.benzinga.com/politics/25/03/44206362/canada-claps-back-at-unjustified-trump-tariffs-on-dairy-lumber">Read the full article here.</a>
U.S. Economy Enters &#8216;Detox Period&#8217;
Treasury Secretary Scott Bessent acknowledged signs of economic weakness in the U.S., citing a necessary adjustment as the country shifts from government-driven to private sector-driven growth. Bessent suggested the economy had become &#8220;addicted&#8221; to public spending and would undergo a &#8220;detox period.&#8221;
<a href="https://www.benzinga.com/news/25/03/44196560/bessent-describes-economic-detox-period-as-us-shifts-to-trump-policies">Read the full article here.</a>
Federal Judge Blocks Trump&#8217;s Freeze on Congressional Funds
A federal judge extended an order that prevents the Trump administration from freezing billions in congressionally approved funds to 22 states and the District of Columbia. Judge John J. McConnell Jr. found the administration had overstepped in trying to stop the agencies from using money appropriated by Congress.
<a href="https://www.benzinga.com/news/legal/25/03/44181394/federal-judge-blocks-trumps-freeze-on-billions-in-congressional-funds-executive-put-itself-above-congress">Read the full article here.</a>
Bessent Supports Trump&#8217;s Tariffs
Treasury Secretary Bessent defended President Trump&#8217;s tariffs, asserting that previous trade agreements neglected American workers. Trump announced a 25 percent tariff on imports from Canada and Mexico, citing the need for &#8220;reciprocal&#8221; trade relationships.
<a href="https://www.benzinga.com/news/global/25/03/44178376/bessent-backs-trump-tariffs-says-us-trade-needs-to-be-reciprocal">Read the full article here.</a>
Trump Delays Mexico Tariffs Amid Economic Uncertainty
President Trump temporarily postponed the enforcement of a 25% tariff on most imports from Mexico, offering a one-month reprieve amid economic uncertainty. The move follows a conversation between Trump and Mexican President Claudia Sheinbaum, during which they agreed to exempt all trade covered under the USMCA agreement from immediate tariff hikes.
<a href="https://www.benzinga.com/news/global/25/03/44176918/trump-delays-mexico-tariffs-for-a-month-economic-uncertainty-persits">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/03/44209114/trump-threatens-russia-with-sanctions-amid-ukraine-conflict-as-he-pushes-for-peace" target="_blank" rel="noreferrer noopener">Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace</a></li>
</ul>
Photo courtesy: Shutterstock
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>

Politics

Trump Tariffs, Economic 'detox', And Congressional Funds Freeze: This Week In Politics

Retail pharmacy giant Rite Aid has agreed to pay $6.8 million to its customers following a<a href="https://www.benzinga.com/news/24/10/41305389/major-banks-suffer-data-breaches-how-safe-is-your-information"> significant data breach.</a>
What Happened: Hackers from the RansomHub group&nbsp;impersonated a Rite Aid employee&nbsp;and gained access to the company&#8217;s systems. 
This breach, which took place over the summer, exposed personal data of approximately 2.2 million customers. The compromised data includes names, addresses, birth dates, and purchase-related IDs from June 2017 to July 2018.
A federal judge has given preliminary <a href="https://dd80b675424c132b90b3-e48385e382d2e5d17821a5e1d8e4c86b.ssl.cf1.rackcdn.com/external/rite-aid-settlement-agreement-02feb2025.pdf">approval </a>to the $6.8 million settlement. Customers affected by the breach&nbsp;can claim up to $10,000&nbsp;for documented losses. 
Rite Aid,&nbsp;which came out of bankruptcy in September 2024, has stated that it is upgrading its digital security and will notify individuals impacted by the breach.
Also Read: <a href="https://www.benzinga.com/news/25/03/44089929/t-mobile-to-shell-out-350-million-to-customers-in-wake-of-massive-data-breach">T-Mobile to Shell Out $350 Million to Customers in Wake of Massive Data Breach</a>
More information about the settlement will be available on RiteAidDataSettlement.com in the upcoming weeks, although the site was not operational at the time of the report.
Why It Matters: This settlement comes as a significant development for Rite Aid, which is still recovering from its bankruptcy. The data breach had further tarnished the company&#8217;s reputation, affecting customer trust and loyalty. 
The settlement is a step towards rectifying the damage and restoring faith in the company&#8217;s commitment to data security. 
Furthermore, it serves as a reminder for other companies about the importance of robust digital security systems to protect customer data.
Read Next
<a href="https://www.benzinga.com/tech/25/02/43759346/massive-data-breach-exposes-americans-financial-details-names-card-numbers-pins-and-more-at-risk">Massive Data Breach Exposes Americans&#8217; Financial Details — Names, Card Numbers, PINs and More at Risk</a>

Hackers Expose Customer Data—Retail Pharmacy Giant Paying $6.8M in Compensation

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable <a href="https://www.benzinga.com/general/sports/24/11/41866639/shaq-buys-out-delivery-teams-van-and-car-leaving-them-to-catch-an-uber">moments happened at Walmart.</a>
What Happened: O&#8217;Neal, who is known for his extravagant spending, made this record-breaking purchase back in 2008. The shopping spree occurred after he was traded from the Miami Heat to the Phoenix Suns and found himself in a bare apartment. 
&#8220;I have the biggest purchase in Walmart history, $70,000,&#8221; he said during an <a href="https://www.youtube.com/watch?v=1W3A2hQhdg4">interview</a>. &#8220;I got traded from Miami to Phoenix, and I&#8217;m the type of guy I have no patience. When I get to Phoenix, they have an apartment for me; nothing is in it.&#8221;
The basketball legend&#8217;s shopping list was extensive, including multiple TVs, laptops, appliances, sheets, towels, underwear, and T-shirts. However, his credit card was initially declined due to the large amount. 
Also Read: <a href="https://www.benzinga.com/general/sports/24/11/42026306/nba-legend-shaqs-daughter-breaks-silence-on-dads-career-defying-family-expectations-its-a-no-go-for-me" target="_blank" rel="noreferrer noopener">NBA Legend Shaq's Daughter Breaks Silence On Dad's Career, Defying Family Expectations: ‘It's A No Go For Me'</a>
&#8220;So two to three in the morning I got to get four-five TVs; I got to get printers, laptops, appliances, sheets, towels, underwear, and T-shirts. So at the end, it was $70,000, so I put my card in it, and it declined. Then, pulled it out, put it again, and it declined again,&#8221; he said. 
&#8220;So I told them I&#8217;d be back, so the American Express security guard called me, &#8216;Hey man, somebody stole your credit card and spent $70,000 at Walmart,&#8217; and I said no, that was me,&#8221; O&#8217;Neal added.
Why It Matters: Despite his past indulgences, O&#8217;Neal has since become a financial advisor of sorts for younger players. He has been recognized for his charitable contributions and is now known for his financial wisdom. 
This story serves as a reminder of his past spending habits, but also highlights his growth and transformation in the realm of financial management.
Read Next
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Sports

NBA Legend Shaq's Walmart Shopping Spree Ends In Credit Card Decline—Here's How Much He Tried To Spend

Robert F. Kennedy Jr., the new Secretary of Health and Human Services, is reportedly set to meet with top executives from <a target="_blank" href="https://www.benzinga.com/25/02/43832950/oreo-maker-mondelez-faces-rising-costs-due-to-new-us-health-policies" rel="noreferrer noopener">several major food brands on Monday.</a>
This gathering marks the first direct encounter between Kennedy and the companies he&#8217;s publicly accused of contributing to Americans&#8217; health issues, <a target="_blank" href="https://www.politico.com/news/2025/03/08/rfk-jr-food-industry-meeting-00219631" rel="noreferrer noopener">reports </a>POLITICO, citing sources familiar with the discussions.
Among the expected attendees are senior leaders from General Mills, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) and PepsiCo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>).
The discussion comes at the request of the White House, which has encouraged Cabinet officials to engage with industries they oversee. Kennedy, a vocal critic of the food industry, has long blamed major food conglomerates for fueling the rise of chronic illnesses in children, the report adds.
Also Read:<a target="_blank" href="https://www.benzinga.com/25/03/44209030/benzinga-bulls-and-bears-broadcom-chargepoint-bigbear-ai-and-tariff-whiplash-confounds-markets" rel="noreferrer noopener"> Benzinga Bulls And Bears: Broadcom, ChargePoint, BigBear.ai — And Tariff Whiplash Confounds Markets</a>
His &#8220;Make America Healthy Again&#8221; movement advocates for significant changes to food practices, such as reducing food dyes and banning certain chemicals.
The meeting, which could be a pivotal moment for both the industry and Kennedy&#8217;s agenda, will address concerns such as eliminating seed oils, banning additives, and the FDA&#8217;s new plans for nutrition labels, POLITICO further notes.
Food companies have expressed alarm over Kennedy&#8217;s proposals, particularly his stance on ultra-processed foods and his push for stricter regulations on additives.
Additionally, the U.S. Department of Health and Human Services and the Department of Agriculture are expected to finalize the next Dietary Guidelines for Americans, providing another opportunity for the food industry to sway key decisions on nutrition and public health.
The meeting&#8217;s agenda remains uncertain, with some industry players expressing concerns about potential conflicts over the direction of the discussions.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/03/44209579/unprecedented-slide-tesla-sales-plummet-45-in-europe-as-musks-net-worth-dives-5-2b-in-a-week" target="_blank" rel="noreferrer noopener">&#8216;Unprecedented Slide&#8217;: Tesla Sales Plummet 45% In Europe As Musk&#8217;s Net Worth Dives $5.2B In A Week</a></li>
</ul>

Equities

Markets

General

RFK Jr. Takes On Food Giants: Calls Meeting With PepsiCo And General Mills

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is said to be maintaining a clandestine &#8216;do not rehire&#8217; list of its former employees, who are barred from rejoining the company, irrespective of a vice president&#8217;s endorsement.
What Happened: A recent report has revealed that a former engineer at Meta found themselves deemed "ineligible for rehire" after submitting nearly 20 applications. The engineer was among the 10,000 employees who lost their jobs during the company's 2022 downsizing.
The engineer had been associated with the company for more than four years and had consistently exceeded expectations in performance ratings. 
They had also been promoted to a senior technical position the previous year. However, after applying for multiple positions, they noticed a worrying trend. Initial conversations with hiring managers would suddenly cease once the recruitment screening phase was reached, reports <a href="https://www.businessinsider.com/meta-secret-block-lists-bar-rehiring-some-former-employees-2025-2?insiderId=79c06dc4-15de-41c4-a938-2ca835542ee0">the </a>Insider. 
Five ex-employees, including two managers, confirmed to Business Insider that Meta maintains internal lists that bar certain former employees from being rehired. Employment experts suggest that while such lists are not illegal, they are not common practice. Even high-performing employees can find themselves on these lists without a clear reason.
Also Read: <a href="https://www.benzinga.com/news/24/09/40969847/mark-zuckerberg-flaunts-watches-valued-at-a-cybertrucks-price">Mark Zuckerberg Flaunts Watches Valued at a Cybertruck&#8217;s Price</a>
Meta reportedly uses several tracking systems to enforce these restrictions, including a "non-regrettable attrition" designation and a "do not rehire" flag. 
The company asserts that these designations are applied fairly, and rehire eligibility is determined at the time of departure, based on factors such as policy violations and performance metrics.
Meanwhile, former Google HR chief Laszlo Bock has shared his thoughts about Meta&#8217;s internal &#8220;block&#8221; lists, which can prevent certain former employees from being rehired.
In a LinkedIn <a href="https://www.linkedin.com/posts/laszlobock_meta-keeps-block-lists-of-ex-employees-activity-7303157715369897984-rL6E?utm_source=social_share_send&amp;utm_medium=member_desktop_web&amp;rcm=ACoAAAP-gw4B6ptW5YHEGD_6Aq-YEJO11zkExL8">post </a>he wrote, &#8220;I&#8217;ve never heard of anything like this. I&#8217;ve sometimes heard an exec say, &#8216;don&#8217;t ever re-hire this person&#8217;, but never seen a large scale, systematic approach like this. Have folks seen this elsewhere?&#8221;
Why It Matters: This revelation could potentially raise questions about Meta&#8217;s hiring practices and treatment of its employees. The alleged &#8216;do not rehire&#8217; list, if proven true, could impact the company&#8217;s reputation and its ability to attract and retain talent. 
It also raises concerns about the transparency of the company&#8217;s policies towards its employees. The impact of this development on Meta&#8217;s stock performance remains to be seen.
Read Next: 
<a href="https://www.benzinga.com/news/24/09/40867264/big-techs-security-spending-spree-zuckerberg-leads-in-lavish-security-measures" target="_blank" rel="noreferrer noopener">Big Tech's Security Spending Spree: Zuckerberg Leads In Lavish Security Measures</a>

Meta Secretly Keeps 'Block' Lists of Ex-Employee, Former Google HR Chief Calls It 'Unheard Of'

Justine Musk, the first wife of billionaire Elon Musk, once shared her unique insights on the journey to<a href="https://www.benzinga.com/general/entertainment/22/05/27458121/heres-elon-musks-piece-of-advice-for-ex-girlfriend-amber-heard"> becoming a billionaire.</a>
What Happened: In 2015, Justine Musk responded to a Quora thread questioning whether determination and hard work alone lead to a billion-dollar fortune. As Elon Musk's first wife, she firmly answered, &#8220;No.&#8221;
She suggested that the question was misguided, emphasizing that determination alone falls short of the mark. To become a billionaire, one must be ready to tackle extreme challenges head-on.
She <a href="https://www.quora.com/Will-I-become-a-billionaire-if-I-am-determined-to-be-one-and-put-in-all-the-necessary-work-required">wrote</a>, &#8220;You&#8217;re determined. So what? You haven&#8217;t been racing naked through shark-infested waters yet,&#8221; underlining the high level of risk and resilience required to accumulate such wealth.
&#8220;Will you be just as determined when you wash up on some deserted island, disoriented and bloody and ragged and beaten and staring into the horizon with no sign of rescue?&#8221; she further wrote in the post.
&#8220;Shift your focus away from what you want a billion dollars and get deeply, intensely curious about what the world wants and needs. Ask yourself what you have the potential to offer that is so unique and compelling and helpful that no computer could replace you, no one could outsource you, no one could steal your product and make it better and then club you into oblivion (not literally). Then develop that potential. Choose one thing and become a master of it. Choose a second thing and become a master of that,&#8221; she continued. 
Also Read: <a href="https://www.benzinga.com/news/23/09/35016865/elon-musks-father-open-to-more-children-despite-age-if-shes-under-35-i-wouldnt-think-twice-about-hav" target="_blank" rel="noreferrer noopener">Elon Musk's Father Open To More Children Despite Age: "If She's Under 35, I Wouldn't Think Twice About Having Another Child"</a>
Justine Musk&#8217;s insights are based on her personal experience being married to Elon Musk, who has an estimated net worth of $12.1 billion. 
&#8220;The world doesn&#8217;t throw a billion dollars at a person because the person wants it or works so hard they feel they deserve it. The world does not care what you want or deserve. The world gives you money in exchange for something it perceives to be of equal or greater value: something that transforms an aspect of the culture, reworks a familiar story or introduces a new one, alters the way people think about the category and make use of it in daily life. There is no roadmap, no blueprint for this; a lot of people will give you a lot of advice, and most of it will be bad, and a lot of it will be good and sound but you&#8217;ll have to figure out how it doesn&#8217;t apply to you because you&#8217;re coming from an unexpected angle,&#8221; she wrote in the post. 
Elon Musk is renowned for his roles in founding PayPal and leading innovative companies like Tesla and SpaceX.
Why It Matters: Justine Musk&#8217;s comments provide a rare glimpse into the mindset and challenges of those who have achieved billionaire status. Her unique perspective, shaped by her close relationship with one of the world&#8217;s most successful entrepreneurs, offers valuable insights for those aspiring to similar levels of success. 
Her emphasis on the need for resilience and a willingness to face extreme challenges echoes the experiences of many successful entrepreneurs. 
This serves as a reminder that the path to significant wealth is often fraught with risk and requires more than just determination and hard work.
Read Next
<a href="https://www.benzinga.com/general/entertainment/24/07/39657381/elon-musks-mother-recounts-time-her-children-used-to-ask-for-food-she-couldnt-afford-after-">Elon Musk&#8217;s Mother Recounts Time Her Children Used To Ask For Food She Couldn&#8217;t Afford After Her Divorce: &#8216;If They Complained, I Didn&#8217;t Listen&#8217;</a>

Social Media

TSLA

Elon Musk's Ex-Wife Spills The Truth About What It Really Takes To Be A Billionaire: 'There Is No Roadmap, No Blueprint For This'

Reddit Inc (NYSE: RDDT) has been identified as the social media platform with the fastest growing ad revenue.
What Happened: According to the EMARKETER&#8217;s research, Reddit&#8217;s ad revenue will see a year-over-year increase of more than 30% this year. TikTok and Instagram trail behind Reddit, with their ad revenues growing at 25% and 15% respectively.
Reddit&#8217;s CEO,&nbsp;Steve Huffman, has previously emphasized the platform&#8217;s unique capacity to encourage community-based discussions. EMARKETER analysts believe that Reddit&#8217;s user base growth can be partially attributed to its unique social ambiance.
The report <a href="https://www.businessinsider.com/reddit-ad-revenue-grows-fastest-among-social-media-platforms-2025-3">by </a>Insider, however, also points out that Reddit&#8217;s social nature could present obstacles for advertisers attempting to seamlessly integrate into the platform&#8217;s discussions. 
To address this, Reddit offers tools like Reddit Pro to advertisers, enabling them to establish a natural presence on the site.
Also Read: <a href="https://www.benzinga.com/insights/options/25/03/44192897/smart-money-is-betting-big-in-rddt-options">Smart Money Is Betting Big In RDDT Options</a>
Reddit&#8217;s COO,&nbsp;Jen Wong, acknowledged the platform&#8217;s &#8220;broad growth&#8221; across various advertising verticals during a recent earnings call. She noted substantial growth in sectors such as&nbsp;finance, retail, auto, pharma, gaming,&nbsp;and tech.
Why It Matters: Reddit&#8217;s significant growth in ad revenue underscores the platform&#8217;s increasing appeal to advertisers. The unique social environment that Reddit offers allows brands to engage with audiences in a more personal and community-driven manner. 
However, the challenge for advertisers is to authentically integrate into these conversations without disrupting the user experience. Reddit&#8217;s solution, Reddit Pro, is an attempt to address this issue, providing a tool for advertisers to organically blend into the platform&#8217;s discussions. 
The success of this approach could set a precedent for other social media platforms grappling with similar challenges.
Read Next
<a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43694329/reddit-stock-is-trading-lower-thursday-whats-going-on">Reddit Stock Is Trading Lower Thursday: What&#8217;s Going On?</a>

Here's Why Reddit's Ad Revenue Growth Is Outpacing Other Social Media Giants

President&nbsp;Donald Trump&nbsp;has strongly criticized the U.K. government&#8217;s demand for&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to&nbsp;create a backdoor&nbsp;into its encrypted cloud storage, comparing the move to authoritarian surveillance <a target="_blank" href="https://www.benzinga.com/media/25/03/44069785/trump-blasts-uks-apple-encryption-order-warns-against-grave-privacy-violations-thats-something-you-hear-about-with-china" rel="noreferrer noopener">tactics used in China</a>.
First Lady&nbsp;Melania Trump&nbsp;used her first major public appearance to call for stronger protections against online abuse, advocating for legislation&nbsp;targeting deepfake&nbsp;and revenge pornography while criticizing <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44100458/melania-trump-attacks-democrats-for-skipping-key-discussion-on-deepfakes-first-lady-wants-tougher-safeguards-for-children" rel="noreferrer noopener">Democrats for their absence at the discussion</a>.
Smartphones
Honor&nbsp;has ramped up its AI ambitions with a $10 billion investment over the next five years, alongside a deeper<a target="_blank" href="https://www.benzinga.com/25/03/44068933/google-and-chinas-honor-deepen-ai-partnership-as-huawei-spin-off-takes-on-apple-and-samsung-with-10-billion-investment" rel="noreferrer noopener"> partnership with&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44068933/google-and-chinas-honor-deepen-ai-partnership-as-huawei-spin-off-takes-on-apple-and-samsung-with-10-billion-investment" rel="noreferrer noopener">Alphabet Inc.&#8217;s&nbsp;Google</a>.
Technology
Major tech firms, including&nbsp;Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>),&nbsp;ByteDance-owned&nbsp;TikTok, and&nbsp;Snapchat, are urging Australia to reconsider the exemption of&nbsp;YouTube, an online video sharing platform owned by Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, from its&nbsp;ban on social media<a href="https://www.benzinga.com/25/03/44132618/meta-tiktok-and-snapchat-push-back-against-youtubes-exemption-from-australias-social-media-ban-for-children-under-16" target="_blank" rel="noreferrer noopener"> access&nbsp;for users under 16</a>.
Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) launched <a href="https://www.benzinga.com/tech/25/03/44143576/apples-latest-macbook-air-with-m4-chip-is-twice-as-fast-as-its-predecessor-with-lower-price" target="_blank" rel="noreferrer noopener">its newest MacBook Air</a> with equipped with the advanced M4 chip for improved speed, longer battery life, and a 12MP camera. The base version costs as low as $999.
Google has begun disabling uBlock Origin and other extensions that rely on its outdated Manifest V2 framework, leaving millions of Chrome users scrambling for alternatives as the company fully transitions <a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads" target="_blank" rel="noreferrer noopener">to its new extension standard, </a><a href="https://www.benzinga.com/media/25/03/44135027/googles-chrome-changes-disable-ublock-origin-for-even-more-users-can-you-still-block-ads" target="_blank" rel="noreferrer noopener">Manifest V3</a>.
Ransomware operators have found a way to exploit a Windows-signed driver from&nbsp;Paragon Partition Manager, posing a <a target="_blank" href="https://www.benzinga.com/tech/25/03/44105518/microsoft-adds-paragon-partition-manager-driver-to-blocklist-as-ransomware-hackers-exploit-windows-signed-driver-for-attacks" rel="noreferrer noopener">threat to system security</a>.
Discord, the popular&nbsp;social chat app&nbsp;favored by gamers, is reportedly in early discussions with investment bankers <a target="_blank" href="https://www.benzinga.com/25/03/44157952/discord-reportedly-exploring-ipo-in-2025heres-what-we-know-about-the-gaming-chat-titans-plans" rel="noreferrer noopener">about a potential initial public offering in 2025.</a>
Former&nbsp;Intel Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CEO&nbsp;Craig Barrett&nbsp;has strongly criticized calls to divide Intel&#8217;s business, arguing that the company should focus on its recent <a target="_blank" href="https://www.benzinga.com/25/03/44070969/former-intel-ceo-craig-barrett-warns-that-splitting-the-company-would-be-a-costly-mistake-a-far-better-move-might-be-to-fire-the-intel-board-and-rehire-pat-gelsinger" rel="noreferrer noopener">chipmaking breakthroughs instead</a>.
Read: <a target="_blank" href="https://www.benzinga.com/25/03/44070785/top-analyst-shuts-down-nvidia-cowos-order-cut-rumors-confirms-tsmcs-2025-expansion-is-steady-at-70000-wafers-per-month" rel="noreferrer noopener">Ming-Chi Kuo Dismisses Nvidia Order Cut Speculation Amid Intact AI Demand, Confirms TSMC Expansion On Track</a>
Reddit Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) co-founder and venture capitalist&nbsp;Alexis Ohanian&nbsp;has joined&nbsp;Frank McCourt&#8217;s&nbsp;bid to acquire&nbsp;TikTok&#8217;s&nbsp;U.S. operations, as competition intensifies with rival groups that include&nbsp;YouTube&nbsp;star&nbsp;Jimmy Donalson, aka&nbsp;MrBeast, tech entrepreneur&nbsp;Jesse Tinsley, <a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">Wyoming</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">&nbsp;investor&nbsp;</a><a target="_blank" href="https://www.benzinga.com/general/social-media/25/03/44100560/reddit-co-founder-alexis-ohanian-joins-frank-mccourts-tiktok-bid-amid-competition-from-mrbeast-jesse-tinsley-and-reid-rasner" rel="noreferrer noopener">Reid Rasner</a>.
Artificial Intelligence (AI)
Tencent Holdings&#8217; (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Yuanbao AI&nbsp;chatbot has surpassed&nbsp;DeepSeek&nbsp;as the <a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">most downloaded&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">iPhone</a><a target="_blank" href="https://www.benzinga.com/25/03/44101621/deepseek-loses-top-spot-as-tencents-yuanbao-ai-becomes-no-1-iphone-app-amid-intensifying-ai-battle" rel="noreferrer noopener">&nbsp;app in China</a>.
Chinese AI startup&nbsp;DeepSeek&nbsp;revealed cost and revenue estimates for its popular&nbsp;V3&nbsp;and&nbsp;R1&nbsp;models, showing a theoretical cost-profit <a target="_blank" href="https://www.benzinga.com/25/03/44069178/chinas-deepseek-report-545-theoretical-daily-profit-margin-once-again-raising-questions-about-openai-and-other-us-ai-firms-billion-dollar-chip-investments" rel="noreferrer noopener">ratio of up to 545% per day</a>.
Anthropic&nbsp;CEO&nbsp;Dario Amodei&nbsp;has called for stronger U.S. AI safeguards, warning that autocratic regimes like China and Russia could use artificial intelligence to enhance their<a target="_blank" href="https://www.benzinga.com/tech/25/03/44069535/jeff-bezos-backed-anthropic-pushes-for-stronger-us-ai-safeguards-saying-autocracies-like-china-russia-could-use-ai-to-expand-their-power-some-very-dark-possbilities" rel="noreferrer noopener"> control and military capabilities</a>.
Anthropic and&nbsp;Google has raised $3.5 billion in a Series E funding round,<a target="_blank" href="https://www.benzinga.com/tech/25/03/44099466/bitcoin-ethereum-dogecoin-nosedive-as-trumps-tariff-moves-wipe-out-crypto-reserve-fueled-gains-analyst-says-breaking-through-this-barrier-will-help-btc-touch-new-highs" rel="noreferrer noopener"> bringing its valuation to $61.5 billion</a>.

Large Cap

GOOG

INTC

RDDT

TCEHY

Consumer Tech News (Mar 3-Mar 7): Discord May Initiate IPO, Apple's New MacBook Air With M4 Chip, Tencent' Yuanbao AI Surpassed DeepSeek As Most Downloaded & More

Billionaire Peter Thiel, who has no formal position in the Trump Administration, has multiple affiliations with <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/03/44197287/us-to-conduct-full-audit-of-bitcoin-holdings-following-strategic-reserve-executive-order" rel="noreferrer noopener">organizations that aim to reform the government.</a>
Thiel&#8217;s connections, which include multiple old and new employees of his companies, have been included in the Trump administration, <a target="_blank" href="https://www.bloomberg.com/features/2025-peter-thiel-trump-administration-connections/" rel="noreferrer noopener">reports </a>Bloomberg.
Thiel, who has invested in several of Elon Musk&#8217;s companies, including Boring Co., SpaceX, and Neuralink, has built a diverse empire spanning from the software company Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)
to investment firms with stakes in leading Silicon Valley startups.
Meanwhile, Musk is a key player in the Trump administration, leading a new advisory body established by US President Donald Trump, responsible for reducing US government jobs and cutting other expenditures, Bloomberg adds.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/03/44201364/peter-schiff-blasts-government-crypto-investments-as-waste-of-resources" rel="noreferrer noopener"> Peter Schiff Blasts Government Crypto Investments As &#8216;Waste of Resources&#8217;</a>
The department works under the banner of the&nbsp;Department of Government Efficiency.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;Palantir&#8217;s stock has soared more than 90% since Trump was elected.
Anduril Industries, one of Thiel&#8217;s defense-tech companies, has landed a $20 billion contract from Trump. In fact, the startup&#8217;s valuation can reportedly double with a $2.5 billion funding round that Founders Fund leads. 
This week, Scale AI, another company in the Founders Fund portfolio with its managing director now serving in the Trump administration, revealed a new deal with the Department of Defense.
Although ties between industry and government have always been present, the current situation is &#8220;unprecedented in the modern era,&#8221; Quinn Slobodian, a professor of international history at Boston University, told Bloomberg.
Thiel supported Trump in 2016 but later criticized him. Before the 2024 election, Thiel said he wouldn&#8217;t donate to any candidates. However, he stated he would vote for Trump. Trump selected Thiel ally JD Vance as his vice president.
Peter Thiel and Elon Musk&#8217;s behind-the-scenes influence on the Trump administration is reshaping the very fabric of American governance. With vast investments spanning defense, technology, and government reform, these Silicon Valley titans are wielding power in ways that have never been seen before.
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Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) is a global leader in information management services. The company's offerings include digital transformation, data centers, secure records storage,
information management, asset lifecycle management, secure destruction and art storage and logistics.
It is set to report its Q1 2025 earnings on May 1. Wall Street analysts expect the company to post EPS of $0.43, unchanged from the figure in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $1.62 billion, up from $1.48 billion a year earlier.
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<h2 class="wp-block-heading">If You Bought Iron Mountain Stock 10 Years Ago</h2>
The company's stock traded at approximately $36.28 per share 10 years ago. If you had invested $10,000, you could have bought roughly 276 shares. Currently, shares trade at $88.31, meaning your investment's value could have grown to $24,341 from stock price appreciation alone. However, Iron Mountain also paid dividends during these 10 years.&nbsp;
Iron Mountain's dividend yield is currently 3.56%. Over the last 10 years, it has paid about $24.45 in dividends per share, which means you could have made $6,739 from dividends alone.&nbsp;
Summing up $24,341 and $6,739, we end up with the final value of your investment, which is $31,080. This is how much you could have made if you had invested $10,000 in Iron Mountain stock 10 years ago. This means a total return of 210.8%. However, this figure is still less than the S&amp;P 500 total return for the same period, which was 219.91%.
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<h2 class="wp-block-heading">What Could The Next 10 Years Bring?&nbsp;</h2>
Iron Mountain has a consensus rating of "Overweight" and a price target of $109.5 based on the ratings of eight analysts. The price target implies a nearly 24% potential upside from the current stock price.
On Feb. 13, the company announced its Q4 2024 earnings, posting revenues of $1.58 billion, slightly missing the street view of $1.60 billion, as reported by <a href="https://www.benzinga.com/news/earnings/25/02/43691982/iron-mountain-q4-earnings-storage-and-data-center-revenue-growth-dividend-climbs-10-strong-2025-outlook">Benzinga.</a>&nbsp;
Total reported revenues (excluding the impact of foreign currency exchange) increased 11.4% compared to the prior year. This was driven by an 8.8% increase in storage rental revenue and a 17.2% increase in service revenue.
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Iron Mountain expects full-year 2025 revenues in the range of $6.65 billion to $6.80 billion, compared to the consensus estimate of $6.77 billion.
Given the expected upside potential of 24%, growth-focused investors may find Iron Mountain stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 3.56%.
Check out this <a href="https://www.benzinga.com/real-estate/25/03/44142250/how-trinity-industries-sempra-and-rexford-industrial-realty-can-put-cash-in-your-pocket">article by Benzinga</a> for three more stocks offering high dividend yields.&nbsp;
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If You Invested $10K In Iron Mountain Stock 10 Years Ago, How Much Would You Have Now?

More than 80 Afghan women who fled the Taliban to pursue higher education in Oman with the help of USAID-funded scholarships now <a target="_blank" href="https://www.benzinga.com/tech/25/02/43781034/bill-gates-hopes-elon-musk-will-rethink-slashing-usaid-their-work-is-something-every-taxpayer-would-be-proud-of" rel="noreferrer noopener">face imminent deportation back to Afghanistan.</a>
These women, enrolled in the Women&#8217;s Scholarship Endowment program, were studying STEM subjects—fields banned by the Taliban for women, <a target="_blank" href="https://www.bbc.com/news/articles/cg4k25wlw21o" rel="noreferrer noopener">reports </a>BBC.
However, the Trump administration&#8217;s freeze on foreign aid, enacted when he returned to office in January, abruptly ended their scholarships, the report adds.
USAID, the world&#8217;s largest aid donor with most of its budget directed toward global health programs and two-thirds of its 10,000 employees stationed overseas, had already placed some staff on administrative leave, with thousands more scheduled to join them.
Trump&#8217;s administration has been pushing to dismantle USAID, arguing that its overseas spending is not a valuable use of taxpayer money.
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The Afghan students were informed that their scholarships had been discontinued and they would be sent back within two weeks.
Many of them fear the dire consequences they will face upon returning to Afghanistan, where women are barred from universities and subjected to severe restrictions.
Some worry they may be forced into marriage or face personal danger due to their activism and educational pursuits.
These women, who fled to Pakistan and then to Oman, have appealed to the international community for urgent intervention, seeking protection, financial aid, and resettlement in a safe country where they can continue their education, BBC further notes.
Once full of hope, their futures are now uncertain, with the looming threat of returning to a country where their basic rights are systematically denied.
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The Heart-Breaking Story Of Afghan Women Facing Deportation After Trump's USAID Aid Cuts

Fyre Festival is back—at least, that's what Billy McFarland wants people to believe. The infamous festival that collapsed in 2017 and sent McFarland to prison for fraud has a sequel planned for May 30 to June 2, on Isla Mujeres, Mexico. But local officials say they know nothing about it.
<h2 class="wp-block-heading">Officials Say No One Has Contacted Them</h2>
When tickets for Fyre Festival 2 went on sale, Isla Mujeres' tourism director Edgar Gasca was caught off guard. "We have no knowledge of this event, nor contact with any person or company about it," he told <a href="https://www.theguardian.com/culture/2025/feb/27/fyre-festival-2-mexico">The Guardian</a>.
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Gasca added that neither the Quintana Roo state tourism minister nor the hotels listed on Fyre's website had been contacted about hosting the festival. Even Impression Isla Mujeres, a <a href="https://www.benzinga.com/money/hotel-reits">luxury hotel</a> where the event supposedly had accommodations, confirmed it had not received "any approach or inquiry with regards to the event."
"The organizers didn't even bother to approach the authorities," Gasca said. "I think they thought they would just announce it and see if it got traction, then ask for the permits halfway down the path. It's a bit of a naive way to think."
The local government has since <a href="https://www.facebook.com/photo/?fbid=659148126627163&amp;set=pcb.658746110000698&amp;locale=es_LA">issued</a> a public denial, making it clear that no permits have been requested. And when Gasca entered the festival's coordinates into Google Maps? "It takes you to the ocean—between Cancún and Isla Mujeres," he said, laughing.
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<h2 class="wp-block-heading">McFarland Pushes Forward With Refundable Tickets</h2>
Despite the skepticism, McFarland insists that this time, things are different. Austin-based ticketing platform SoldOut.com <a href="https://www.prnewswire.com/news-releases/soldoutcom-announces-exclusive-ticketing-partnership-with-fyre-festival-2-302383028.html">announced</a> they had partnered with McFarland and are guaranteeing refunds if the festival is canceled. "All proceeds from Fyre Festival ticket sales on SoldOut.com are held securely and will not be settled with Fyre until after the event has successfully taken place," SoldOut.com President Andrew Hentrich told <a href="https://www.billboard.com/pro/fyre-fest-2-dates-location-ticketing-partner-announced/">Billboard</a>.
Tickets range from $1,400 to $25,000, and for those looking for a VIP experience, a $1 million package for eight people includes luxury villas, a private yacht marina, and a private jet to and from Cancún.
McFarland is selling the event as a chance for redemption. "Fyre Festival 2 is about the adventure into the unknown, curating elite, once-in-a-lifetime experiences," he said in a <a href="https://www.prnewswire.com/news-releases/soldoutcom-announces-exclusive-ticketing-partnership-with-fyre-festival-2-302383028.html">statement</a>.
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<h2 class="wp-block-heading">No Talent, No Logistics, No Problem?</h2>
One of the biggest concerns is the lack of details. There has been no announcement of musical acts, and Billboard reported that two of the largest booking agencies in the industry have not been contacted by Fyre organizers or their logistics partner, LostNights.
McFarland, who was sentenced to six years in prison but was later released after less than four years, claims he is no longer in charge of the festival's details, saying in an <a href="https://www.today.com/popculture/fyre-festival-2-dates-location-tickets-rcna193328">interview</a> with NBC's "Today," "It's not really about me. It's about taking the vision, which is strong,"&nbsp;
But with no confirmed lineup, no venue approvals, and no local backing, many are wondering if Fyre Festival 2 will turn out to be as real as the gourmet meals promised at the first event—where guests were instead handed cheese sandwiches in styrofoam containers.
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8 Years After The First Disaster Landed Organizer Behind Bars, Fyre Festival 2 Is Raising Eyebrows. Officials Claim It 'Does Not Exist'

Millennium Management LLC&nbsp;has reportedly suffered a loss of approximately $900 million this year. The loss is attributed to the ongoing volatility in the global stock market, which has adversely impacted its index rebalancing strategy.
What Happened: The losses were sustained by two teams within Millennium, both of which focus on index rebalancing. The larger team, known as SRBL, is led by Glen Scheinberg, while the other team operates under the leadership of Dubai-based Pratik Madhvani.
Index rebalancing is a strategy that involves wagering on companies that are either entering or exiting various stock indexes. 
While this approach can yield substantial profits for large multimanager hedge funds like Millennium, it can also result in significant losses, particularly in times of market instability and overcrowded trades.
Jeremy Ma, a senior portfolio manager based in Hong Kong who specializes in index-rebalancing trades, has reportedly parted ways with Millennium, <a href="https://www.bloomberg.com/news/articles/2025-03-08/millennium-loses-900-million-on-strategy-roiled-by-market-chaos?srnd=homepage-americas&amp;sref=TBDibEcD">reports </a>Bloomberg. 
Despite the losses, the firm, which manages around $75 billion, was down less than 1% this year through February.
Why It Matters: Index rebalancing has a history of generating disappointing returns, as was the case in 2022. Over the years, the number of firms implementing this strategy has grown. 
However, the deteriorating returns have led some traders to abandon this approach. 
The recent losses incurred by Millennium Management highlight the risks associated with index rebalancing, particularly during periods of market volatility.

Millennium Management Faces $900M Loss Amid Market Volatility—What Investors Should Know

<a href="https://www.benzinga.com/news/25/02/44031641/elon-musk-blasts-delaware-court-after-100b-pay-package-rejected-sparks-corporate-exodus-threat">Elon Musk'</a>s net worth has taken a hit this year—down by about $52 billion—but he still tops the list as the world's richest person, with a current estimate of $336 billion, according to the<a href="https://www.bloomberg.com/billionaires/"> Bloomberg Billionaires Index</a>. Despite this headline-grabbing fall in personal wealth, the challenges facing Tesla are proving even more dramatic.
<h2 class="wp-block-heading">Riding Through Turbulence</h2>
Tesla's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares have experienced a sharp decline recently. Earlier this week, the stock <a href="https://www.investopedia.com/tesla-stock-slides-tuesday-as-tariffs-take-effect-bofa-drops-price-target-11690344">dropped over 4% by market close</a>, and has lost about a third since the start of the year. This downward trend has pushed the company's market capitalization below the $1 trillion mark for the first time since Nov.
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At the same time, Tesla's vehicle sales have experienced a significant setback. In Europe, where the overall electric vehicle market grew by 37% in January, <a href="https://www.bloomberg.com/news/articles/2025-02-25/tesla-sales-fall-45-in-europe-as-rivals-ev-registrations-soar?embedded-checkout=true">Tesla's sales plunged by 45% during the same period.</a>&nbsp;
According to <a href="https://www.npr.org/2025/02/27/nx-s1-5311609/tesla-sales-europe">National Public Radio</a>, the slump in sales isn't just a reflection of softer consumer demand—it's also driven by intense competition from Chinese automakers and a slowdown in the U.S.&nbsp;
Much of the criticism these days centers on Musk's political activities. His close association with&nbsp; President Donald Trump and his leadership of the Department of Government Efficiency have stirred considerable controversy.&nbsp;
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<a href="https://www.reuters.com/breakingviews/teslas-future-may-be-more-gm-than-omg-2025-03-04/">Reuters</a> notes that such distractions could undermine Tesla's focus on its core business. While these political maneuvers have dampened investor sentiment, analyst Adam Jonas, reinstated Tesla as his firm&#8217;s &#8220;top pick&#8221; in U.S. autos on Sunday. According to<a href="https://www.investors.com/news/tesla-stock-this-is-why-top-pick-status-is-back/"> Investor&#8217;s Business Daily</a>, Jonas emphasized Tesla&#8217;s competitive advantage in embodied AI and maintained a price target of $430, with a bull case of $800.
This points to Tesla's ambitious plans in autonomous driving and robotics, suggesting that once these projects gain traction, the company could bounce back.
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Back when investors were riding high on the expectation that Musk's ties to the Trump administration would bring deregulation-friendly policies, his net worth surged to a record <a href="https://www.bloomberg.com/news/articles/2024-11-22/elon-musk-s-net-worth-hits-348-billion-setting-new-wealth-record?embedded-checkout=true">$347.8 billion</a> right after the election, Bloomberg reported.&nbsp;
But recent developments—ranging from contentious job cuts to provocative public statements—appear to be causing a shift in sentiment.
Even with the volatility, there are some stable numbers amid the chaos. Over the past week, Musk's net worth dropped by $5.2 billion yet still maintains a comfortable lead of roughly $110 billion over Meta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO <a href="https://www.benzinga.com/news/25/02/43995252/meta-boosts-executive-bonuses-to-200-as-it-slashes-5-of-workforce-laid-off-employees-call-it-unfair">Mark Zuckerberg</a>, according to the Bloomberg Billionaires Index.
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'Unprecedented Slide': Tesla Sales Plummet 45% In Europe As Musk's Net Worth Dives $5.2B In A Week

President Donald Trump has reportedly limited the authority of his billionaire advisor, Elon Musk, to dismiss federal employees. This development has stirred skepticism among the<a href="https://www.benzinga.com/news/25/03/44067298/what-did-you-do-last-week-part-ii-musks-doge-issues-second-email-mandate-for-executive-branch-employees"> workforce and political circles.</a>
What Happened: According to a report, Trump privately communicated to his Cabinet that they have the power over their departments, not Musk. This potential shift could mark a significant change in the Trump-Musk alliance. 
However, the federal workforce remains uncertain due to weeks of inconsistent and contradictory directives, reports <a href="https://www.politico.com/news/2025/03/07/musk-trump-federal-workers-firing-00218733">the </a>Politico. 
David Casserly, an employee at&nbsp;the Department of Labor, voiced his skepticism, saying, &#8220;I&#8217;ll&nbsp;believe it when I see&nbsp;it.&#8221; The news of the Cabinet meeting has spurred widespread speculation about Trump&#8217;s real intentions, particularly in the face of increasing legal and political scrutiny.
Some have interpreted Trump&#8217;s comments as an attempt at &#8220;damage control&#8221; after he announced that Musk is the &#8220;head&#8221; of the Department of Government Efficiency (DOGE) during his joint address to Congress. 
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This statement could potentially lead to legal complications, as the White House had previously argued in court that Musk was not the DOGE leader and had no authority to make distinct policy decisions, reports the outlet. 
Despite the skepticism, Trump&#8217;s comments have ignited hope among Democratic lawmakers, who are eager to see Musk&#8217;s influence curtailed and the drastic cuts to the federal workforce reversed.
A State Department official told the outlet. "I don't think it's real. The ‘if they don't cut, Elon will' comments show who's really in charge."
Why It Matters: The recent development is a stark contrast to the earlier alliance between Trump and Musk. The move to limit Musk&#8217;s authority over federal employees could potentially alter the dynamics within the Trump administration. 
The skepticism among the workforce and political circles underscores the uncertainty surrounding this decision. The potential legal implications of Trump&#8217;s previous statements about Musk&#8217;s role in the DOGE further complicate the situation. 
As the story unfolds, the impact of this decision on the federal workforce and the political landscape remains to be seen.
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