Workhorse Gr (NASDAQ:WKHS) Bolsa

Workhorse Gr

Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.

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WKHS

Workhorse cae 7,36 % tras reportar ventas de $640.920 y pérdidas por acción superiores a lo previsto. Perspectivas y datos clave.

Workhorse (WKHS) cae 7 % tras decepcionar en resultados trimestrales: ventas y BPA por debajo de lo esperado

Las acciones de Workhorse suben tras el pedido de FedEx de 15 furgonetas eléctricas W56 para su transición hacia la neutralidad de carbono.

¿Qué está pasando con las acciones de Workhorse (WKHS) el lunes?

Workhorse Group Inc

Lockheed Martin Skunk Works&#xAE; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4452676-1&amp;h=1128739475&amp;u=http%3A%2F%2Fwww.electra.aero%2F&amp;a=Electra.aero%2C+Inc.">Electra.aero, Inc.</a> ("Electra") signed a Memorandum of Understanding to explore opportunities for Electra's EL9 ultra-short takeoff and landing (Ultra-STOL) aircraft.
Lockheed Martin, a global defense technology company, will collaborate with Electra to explore ways to accelerate the development of the EL9 in areas including digital engineering, manufacturing, supply chain, sustainment, and global business development.
Additionally, the Skunk Works and Electra teams will assess opportunities for potential programs of record with the U.S. Department of Defense and global customers.
The Electra EL9 will transform commercial and military aviation for applications including last mile logistics, mobile power generation and emergency response. The Ultra-STOL EL9 can quietly take off and land in 150 feet and from unimproved surfaces, enabling operations in austere areas while retaining the safety, cost and range benefits of a fixed-wing aircraft. The EL9's ability to carry 1,000 lbs. over 1,000 miles enables an array of novel use cases for commercial and defense users.
The agreement deepens the strategic relationship between Lockheed Martin and Electra. In 2022, Lockheed Martin Ventures signed a strategic cooperation agreement to invest in Electra's Series A funding round.

Lockheed Martin Skunk Works And Electra.aero Sign MOU To Accelerate Development Of EL9 Ultra-STOL Aircraft For Defense And Commercial Applications

During the Paris Air Show, Textron Aviation Defense LLC., a <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.textron.com%2F&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Textron+Inc.&amp;index=1&amp;md5=fb94da89109dfde196e2fef11daa8c23">Textron Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) company, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.taithailand.com%2FEN%2Fhome&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Thai+Aviation+Industries+Co.%2C+Ltd.&amp;index=2&amp;md5=392a27b6f128a20f5f9efb0116a35f6a">Thai Aviation Industries Co., Ltd.</a> signed a Memorandum of Agreement to work together on a sustainment program for the Royal Thai Air Force (RTAF). This program will support RTAF's fleets of Beechcraft T-6TH and AT-6TH aircraft.
The <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdefense.txtav.com%2Fen%2Ft-6c&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Beechcraft+T-6TH&amp;index=3&amp;md5=20e6ecbd7088577f7b76784d438c92a6">Beechcraft T-6TH</a> trainer and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdefense.txtav.com%2Fen%2Fat-6&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=AT-6TH&amp;index=4&amp;md5=f441984abdd2e546873446069d7d552d">AT-6TH</a> light attack aircraft are designed and manufactured by <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdefense.txtav.com%2F&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Textron+Aviation+Defense+LLC&amp;index=5&amp;md5=ce0632406b13c618d1d3e096f4a67fa4">Textron Aviation Defense LLC</a>., a wholly owned subsidiary of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftxtav.com%2F&amp;esheet=54278008&amp;newsitemid=20250618711147&amp;lan=en-US&amp;anchor=Textron+Aviation+Inc.&amp;index=6&amp;md5=0d8933d54285b3e2e453faf7b4a262c8">Textron Aviation Inc.</a>
Textron Aviation Defense, based in Wichita, Kansas, USA, is the original equipment manufacturer (OEM) for these aircraft. Thai Aviation Industries, located in Bangkok, Thailand, is the prime contractor for this program and has a long history of providing support for RTAF.
 &nbsp;

Textron Aviation Defense And Thai Aviation Industries Sign Memorandum Of Agreement At Paris Air Show To Sustain Royal Thai Air Force's T-6TH And AT-6TH Fleets

<ul>
<li>The companies will work together to design the passenger experience, deploy charging infrastructure and integrate Archer's Midnight eVTOL aircraft into daily operations across Jetex's international portfolio of 40 private aircraft terminals in more than 30 countries.</li>
<li>This strategic alliance builds on Archer's growing infrastructure network and partnerships with other leaders in the industry, establishing a vertiport network that can support the growth of Archer's air taxi operations globally.</li>
</ul>
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.archer.com&amp;esheet=54278578&amp;newsitemid=20250618354819&amp;lan=en-US&amp;anchor=Archer&amp;index=1&amp;md5=77f8e27d7a3ea370de1e1480dc3eb69e">Archer</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) today announced a strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.jetex.com%2F&amp;esheet=54278578&amp;newsitemid=20250618354819&amp;lan=en-US&amp;anchor=Jetex&amp;index=2&amp;md5=cc0f9f6a4f46daec65d4d87243e9e695">Jetex</a>, a leading global aviation services provider, focused on developing infrastructure across Jetex's international portfolio of private terminals to support Archer's planned commercial air taxi network1.
This collaboration, planned to focus initially on infrastructure in the United Arab Emirates, is expected to expand to additional sites around the world across Jetex's global portfolio, which includes 40 private aircraft terminals in more than 30 countries.
Building upon Archer's prior partnerships with other leading infrastructure providers, this approach advances Archer's plans to scale a vertiport network that can support the growth plans for Archer's air taxi operations globally.
Under this partnership, the two companies plan to enhance Jetex's strategically located fixed base operator (FBOs) locations to better suit Archer's <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.archer.com%2Fmidnight&amp;esheet=54278578&amp;newsitemid=20250618354819&amp;lan=en-US&amp;anchor=Midnight+aircraft&amp;index=3&amp;md5=46bcfc43eefa1e0a20353c3b6e96cd36">Midnight aircraft</a>. Archer plans to work with Jetex to design the passenger experience and integrate eVTOL aircraft into daily operations. These upgrades will be paired with Jetex's luxury service standards to deliver an efficient, tech-enabled customer journey.

Global

ACHR

Archer And Jetex Announce Strategic Global Partnership To Launch Air Taxi Charging Infrastructure And Integrate Archer's Midnight eVTOL Aircraft Into Daily Operations Across Jetex's International Portfolio Of 40 Private Aircraft Terminals In More Than 30 Countries

Economic sentiments among some of America&#8217;s top corporate leaders have taken a sharp dip during the second quarter, reaching their lowest level since 2020.
What Happened: On Wednesday, the Business Roundtable, a non-profit lobbyist association, released its second quarter of 2025 CEO Economic Outlook Survey, a composite index that tracks the plans and predictions of leading CEOs and their organizations for the next 6 months.
This time around, the reading showed a 15-point decline in sentiments to 69, marking its lowest level since the COVID-19 pandemic in 2020, based on a survey conducted from June 2 to June 13.
The decline places the index well below its historical average of 83, but it is still above the 50-point threshold, a sign that the economy continues to expand despite the uncertainties. 
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Subindices for hiring, capital expenditure and sales growth witnessed similar declines, dropping 19, 15, and 11 points, from the prior quarter, respectively.
According to Business Roundtable&#8217;s CEO, Joshua Bolten, &#8220;Driving this quarter's decline in the Index is broad-based uncertainty, arising substantially from an unpredictable trade policy environment.&#8221;
He also said that &#8220;extending and enhancing tax reform is critical, but it is not sufficient,&#8221; since the country&#8217;s businesses need the administration to pursue and close trade deals, which can help provide much-needed certainty for investment decisions. 
Why It Matters: A recent CFO survey, taken a couple of months ago by Duke University and the Federal Reserve Banks of Richmond and Atlanta, <a href="https://www.benzinga.com/government/regulations/25/03/44492183/cfos-increasingly-alarmed-over-tariffs-as-business-confidence-wavers-15-say-they-are-concerned-about-duties-in-q1">indicated similar trends</a>, with most CFOs expressing concerns regarding President Donald Trump&#8217;s tariffs and duties.
The Employee Confidence Index, a survey conducted by Glassdoor in March, plunged to 44.4%, <a href="https://www.benzinga.com/politics/25/03/44461799/employee-confidence-hits-new-low-as-economic-anxiety-grows">its lowest level</a> since the study first began in 2016, with employees becoming more concerned regarding inflation and recessions than they were a couple of months ago. 
According to the survey, public sector employees were the least confident about the future, with a score of just 38.1%, due to the changes brought about by the Elon Musk-led Department of Governmental Efficiency. 
Photo Courtesy: Peshkova on Shutterstock.com
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/46010921/palantirs-head-of-defense-says-xi-jinping-is-decoupling-from-us-warns-america-risks-losing-leverage-if-china-tech-shift-goes-unchecked">Palantir&#8217;s Head Of Defense Says &#8216;Xi Jinping Is Decoupling From Us&#8217; — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked</a></li>
</ul>

Economics

'Unpredictable Trade Policy Environment' Sinks CEO Sentiment To Pandemic-Era Lows In Business Roundtable Survey

Billionaire hedge fund manager Bill Ackman is advocating for direct U.S. military intervention in Gaza, proposing the deployment of Northrop Grumman Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) B-2 Spirit bombers equipped with Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) GBU-57 bunker-buster bombs to help Israel conclude its military campaign.
What Happened: Writing on X Wednesday, the Pershing Square Capital Management CEO outlined a comprehensive Middle East peace plan that would position President Donald Trump for a &#8220;Nobel Peace Prize.&#8221; 
&#8220;How about the following? The United States helps Israel finish the job with some B-2s and some GBU-57s,&#8221; Ackman wrote, calling for Israel to end the Gaza conflict in exchange for hostage returns and Saudi-funded reconstruction.
Ackman&#8217;s proposal specifically references advanced U.S. military hardware designed for precision strikes on fortified targets. 
The GBU-57 Massive Ordnance Penetrator is a precision-guided bunker buster designed to strike deep underground targets. It can be carried by the B-2 Spirit stealth bomber.
The comments <a href="https://www.benzinga.com/news/events/25/06/45966450/bill-ackman-warns-iran-an-existential-threat-to-america-says-it-is-time-to-finish-the-job">escalate Ackman&#8217;s previous statements</a> calling Iran &#8220;an existential threat to Israel, America and the world.&#8221; Earlier this month, he argued against negotiations with Tehran, stating &#8220;it is time to finish the job&#8221; regarding Iran&#8217;s nuclear program.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">How about the following? The United States helps Israel finish the job with some B-2s and some GBU-57s. Israel ends the Gaza war in exchange for the return of the hostages, a commitment for a new civilian government in Gaza, and reconstruction overseen and funded by the Saudis…
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1935421336157053172?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/events/25/06/46011237/trump-was-confronted-at-g7-by-canadas-indigenous-honor-guard-who-said-he-was-filled-with-rage-but-delivered-a-message-of-peace">Trump Was Confronted At G7 By Canada&#8217;s Indigenous Honor Guard Who Said He Was &#8216;Filled With Rage,&#8217; But Delivered A Message Of &#8216;Peace&#8217;</a>
Defense stocks have shown volatility amid Middle East tensions. After-hours trading Wednesday <a href="https://www.benzinga.com/markets/market-summary/25/06/46010350/as-trump-weighs-options-on-iran-dow-futures-slip-defense-stocks-tick-up-in-after-hours-session">showed gains for major contractors</a>: Northrop Grumman up 0.88%, RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) up 0.60%, and Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) up 0.30%. The Global X Defense Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NASDAQ">SHLD</a>) has surged 56.80% year-to-date.
Trump has maintained strategic ambiguity <a href="https://www.benzinga.com/markets/market-summary/25/06/46010350/as-trump-weighs-options-on-iran-dow-futures-slip-defense-stocks-tick-up-in-after-hours-session">regarding potential U.S. involvement</a>, telling reporters Wednesday, &#8220;I may do it, I may not do it&#8221; when asked about striking Iran. The president warned Tehran residents to evacuate &#8220;immediately&#8221; earlier this week, stating &#8220;Iran can not have a nuclear weapon.&#8221;
Ackman&#8217;s vision extends beyond <a href="https://www.benzinga.com/markets/25/05/45414969/trump-attempts-to-make-good-on-his-proposal-for-a-middle-eastern-riviera-but-in-dubai-jeddah-and-riy">military action to economic transformation</a>. He proposes expanding the Abraham Accords to include Saudi Arabia, predicting &#8220;an economic boom emerges in the Middle East&#8221; with Gaza becoming &#8220;a beautiful place to live and work.&#8221;
The investor&#8217;s peace plan reflects former President Barack Obama&#8216;s 2009 Nobel Peace Prize recognition. 
Both defense contractors, Northrop Grumman and Boeing, show strong momentum but rank poorly on valuation, according to Benzinga Edge Stock Rankings. NOC also maintains a positive price trend across short-, medium-, and long-term timeframes. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here to view the full breakdown</a> of BA.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="880" height="632" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296.png" alt="" class="wp-image-954814" style="width:579px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296.png 880w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296-300x215.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19023322/image-296-768x552.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/topics/25/06/46010921/palantirs-head-of-defense-says-xi-jinping-is-decoupling-from-us-warns-america-risks-losing-leverage-if-china-tech-shift-goes-unchecked">Palantir&#8217;s Head Of Defense Says &#8216;Xi Jinping Is Decoupling From Us&#8217; — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Mike Mareen / Shutterstock.com

Politics

SHLD

Bill Ackman Calls For Northrop's B-2 Bombers, Boeing's GBU-57s To Help Israel 'Finish The Job' In Gaza, Pave Way For Trump's 'Nobel Peace Prize'

The National Transport Safety Board, or NTSB, has issued a safety warning over engines used in aircraft manufactured by Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>).
What Happened: The agency warned that the CFM International Leap 1B engine could potentially let in smoke into the aircraft's cabin or cockpit when damaged, the agency said in a statement issued on Wednesday.
"The NTSB found that the engine load reduction device, or LRD, a safety feature designed to reduce the severity of vibrations transmitted from a damaged engine to the airframe, can result in damage to the engine oil system." the agency said in the statement before adding that such a condition "can allow smoke" to enter aircraft's the ventilation system.
The agency also recommended evaluating other engines from CFM, like Leap 1A and Leap 1C. The recommendations stem from two separate incidents in 2023 when a bird was ingested into the engines, leading to smoke in the aircraft's cabin.
Why It Matters: The news comes in as the aviation industry has been dealing with the aftermath of the Boeing 787 Dreamliner operated by <a href="https://www.benzinga.com/markets/25/06/45911791/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-b">Air India Flight 171 </a>crashed in India's Ahmedabad. The crash resulted in over 241 lives lost.
Another Air India 787 Dreamliner returned to <a href="https://www.benzinga.com/markets/equities/25/06/45945153/air-india-boeing-787-8-returns-to-hong-kong-mid-flight-due-to-technical-issue-prompting-fresh-scrutiny-of-airlines-safety-protocols">Hong Kong mid-flight</a> due to a technical glitch, which prompted safety concerns. "AI315 returned to Hong Kong shortly after take-off due to a technical issue. The flight landed safely … and is undergoing checks as a matter of abundant precaution," the company stated.
Elsewhere, Boeing is also <a href="https://www.benzinga.com/markets/equities/25/06/45973965/boeing-lockheed-martin-compete-for-key-role-in-trumps-175-billion-golden-dome-project">vying for defense contracts</a> as part of U.S. President Donald Trump's Golden Dome missile defense system. Interim Defense and Space CEO Steve Parker noted that the aerospace giant has &#8220;done a lot of work&#8221; on the project.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45991614/if-its-boeing-im-not-going-why-some-people-are-turning-their-backs-on-the-american-plane-maker-in-favor-of-rival-airbus">&#8216;If It&#8217;s Boeing, I&#8217;m Not Going:&#8217; Why Some People Are Turning Their Backs On The American Plane Maker In Favor Of Rival Airbus</a></li>
</ul>
Photo courtesy: JHVEPhoto / Shutterstock.com

EADSF

Safety Concerns Mount For Boeing, Airbus As NTSB Investigates Smoke Risk Linked To Engines

Addex Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) reported quarterly losses of $(1.33) per share. This is a 2.92 percent increase over losses of $(1.37) per share from the same period last year. The company reported $78.93 thousand in sales this quarter. This is a 70.64 percent decrease over sales of $268.83 thousand the same period last year.

ADXN

Addex Therapeutics Q1 EPS $(1.33) Up From $(1.37) YoY, Sales $78.93K Down From $268.83K YoY

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could see a 120% price increase in 2025 if it sticks to a consistent pattern tied to its four-year growth cycle, on-chain analytics firm CryptoQuant said Wednesday.
What happened: CryptoQuant analyst Carmelo Aleman drew attention to the Bitcoin Yearly Percentage Trend, a metric that tracks Bitcoin's annual price performance since 2011.&nbsp; The indicator reveals a recurring cycle of three years of growth followed by one of consolidation, matching Bitcoin&#8217;s four-year halving cycle.&nbsp;
"The importance of this growth cycle is that, based on this metric, if Bitcoin maintains the pace typical of the third year in the cycle, it could grow about 120% during 2025," Aleman wrote.&nbsp;
If this trend holds, Bitcoin could rise from $93,226 at the start of 2025 to about $205,097 by year-end, marking a cycle top.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Metric That Reveals Bitcoin&#39;s Direction "The importance of this growth cycle is that, based on this metric, if Bitcoin maintains the pace typical of the third year in the cycle, it could grow about 120% during 2025." – By <a href="https://twitter.com/oro_crypto?ref_src=twsrc%5Etfw">@oro_crypto</a> <a href="https://t.co/MevnEKPIru">pic.twitter.com/MevnEKPIru</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1935221187514093804?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
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"This places us in the final phase of the current cycle, with important strategic implications for investors aiming to align their positioning with Bitcoin&#8217;s multi-year structure," the analysis read.
Why It Matters: Bitcoin growth cycles have been a subject of great interest in the cryptocurrency community.&nbsp;
Typically, the apex cryptocurrency <a href="https://www.benzinga.com/money/is-the-bitcoin-4-year-market-cycle-real">experiences halvings in the first half of the market cycle</a>. This event could be the catalyst for growth toward new highs, which usually occur around 18 months after the halving.
However, with changing investor dynamics caused by the launch of spot exchange-traded funds and rising institutional interest, some have begun to question the accuracy of these cycles.
Widely followed cryptocurrency analyst and trader Justin Bennett said in September of last year that Bitcoin's four-year cycles won't last for long due to its correlation with broader business cycles.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Warning: This will piss people off, but it needs to be said. Since its inception, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> has followed mostly perfect 3-4 year cycles: 1-2 years of a bear market followed by 1-2 years of a bull market. But that won't last! Bitcoin was created at the start of a short-term… <a href="https://t.co/VkEf7RyyhV">pic.twitter.com/VkEf7RyyhV</a>
&mdash; Justin Bennett (@JustinBennettFX) <a href="https://twitter.com/JustinBennettFX/status/1833867138131492990?ref_src=twsrc%5Etfw">September 11, 2024</a></blockquote>
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Bitcoin veteran and trader Fred Krueger argued that the four-year cycle is based on limited data points and questioned its continuation, given that mining rewards, a key driver of past cycles, have dropped considerably.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">TLDR from today&#39;s spaces. 1. The &quot;Four year cycle&quot; is based on 3 datapoints: 2013, 2017 and 2021. After each of these peaks we crashed. Not clear at all this will happen end of 2025. 2. The &quot;Power Law&quot; doesn&#39;t say anything about 4 year cycles. 3. The BTC ETF adoption cycle is…
&mdash; Fred Krueger (@dotkrueger) <a href="https://twitter.com/dotkrueger/status/1854732918679110075?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
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Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $104,910.24<span style="color: rgb(255, 255, 255); font-family: Inter, -apple-system, BlinkMacSystemFont, &quot;segoe ui&quot;, Roboto, Helvetica, Arial, sans-serif; font-size: 15px; white-space-collapse: collapse; background-color: rgb(13, 20, 33);">, down 0.65% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Photo: Antonio Gravante On Shutterstock.com
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Could Pop 120% In 2025 To $205,097 If Current Growth Cycle Indicator Is Anything To Go By, Says This Analyst

Steven Crowchild says he nearly walked off the G7 tarmac rather than greet a man he believes has "caused much pain and suffering in the world," but the Tsuut'ina First Nation leader stayed, prayed and delivered an impromptu plea for peace and clean water directly to President Donald Trump.
What Happened: According to a <a href="https://apnews.com/article/trump-g7-first-nation-crowchild-rage-canada-a0af79321cd4b4f4b6d2a66319206137">report</a> by the Associated Press, Crowchild, wearing a feathered headdress and clutching treaty medals older than Canada itself, told Trump on Sunday night that First Nations need leaders who protect &#8220;water for future generations."
The meeting came as heads of state arrived for the summit outside Calgary. Crowchild was part of an Indigenous honor guard because "no Indigenous representation was there at the time."
&#8220;I was filled with rage&#8221;, he recalled as he considered leaving, but stayed, conceding &#8220;visibility is key and diplomacy is important.&#8221; After consulting elders, he decided to confront Trump face-to-face. "Instead of war, I choose peace," he said, describing the encounter as "really intense."
See also:&nbsp;<a href="https://www.benzinga.com/news/topics/25/06/45988985/israel-says-it-struck-iranian-centrifuge-site-missile-factories-near-tehran-with-over-50-jets-to-disrupt-weapons-program">Israel Says It Struck Iranian Centrifuge Site, Missile Factories Near Tehran With Over 50 Jets To Disrupt Weapons Program</a>
Trump, wearing a white "Make America Great Again" cap, listened for several minutes before Crowchild greeted other leaders with the same message.
Why It Matters: The exchange unfolded as the summit grappled with widening Israel-Iran hostilities and as <a href="https://www.benzinga.com/news/politics/25/06/45965629/trump-exits-g7-summit-early-citing-obvious-reasons-amid-escalating-iran-israel-conflict-gold-oil-etfs-spike-in-after-hours-trading">Trump prepared to leave early</a>, a move that roiled agendas on Ukraine and trade. Ottawa and Washington nevertheless <a href="https://www.benzinga.com/news/politics/25/06/45992119/trump-cuts-g7-visit-short-calls-canada-deal-achievable">vowed to finish</a> a new bilateral deal within 30 days.
Crowchild, an elected Tsuut'ina councillor, said he will judge the outcome by actions, not photo-ops: "Whether he listened or not, time will tell." For now, he added, the U.S. president remains "just another person," and he stood "taller than him as proud Tsuut'ina Isgiya."
Photo Courtesy: Joey Sussman on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/46010756/texas-lawmakers-urge-elon-musks-tesla-to-delay-june-22-robotaxi-launch-till-september-report">Texas Lawmakers Urge Elon Musk&#8217;s Tesla To Delay June 22 Robotaxi Launch Till September: Report</a>

Events

Trump Was Confronted At G7 By Canada's Indigenous Honor Guard Who Said He Was 'Filled With Rage,' But Delivered A Message Of 'Peace'

YouTube, a subsidiary of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, is <a href="https://www.benzinga.com/25/05/45560919/everyones-losing-their-minds-over-googles-veo-3-ai-videos-and-everyones-also-annoyed-they-cant-actually-use-it-yet-here-are-some-wild-examples-of-the-magic-this-model-can-create">preparing to integrate</a> Veo 3 AI video generation model into Shorts.
What Happened: During a keynote at the Cannes Lions Festival posted on Tuesday, YouTube CEO Neal Mohan announced that the company will roll out Veo 3, Google's latest generative AI video model, to YouTube Shorts later this summer.
Mohan noted that Veo 3 offers higher video quality and audio integration, suggesting Shorts could soon support richer, AI-powered content creation.
However, it remains unclear whether the Veo 3 features will be free for Shorts creators. Currently, Veo 3 access requires a paid subscription to Google's AI Pro or AI Ultra plans. YouTube has not confirmed whether that requirement will apply within Shorts.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: The move comes as YouTube Shorts surpasses 200 billion daily views, underscoring the platform's rapid growth and its battle for short-form dominance against TikTok and Meta Platforms, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Instagram Reels.
Google unveiled Veo 3 at its annual developer conference last month. The new version now features realistic audio, including sound effects, ambient noise, and spoken dialogue, setting it apart from competitors like OpenAI&#8217;s Sora, Runway ML Gen-4, Meta's MovieGen, Pika Labs and Stability AI's Stable Video 4D 2.0, none of which currently offer audio support.
Benzinga&#8217;s Edge Stock Rankings indicate a consistent upward trajectory for Alphabet over the short, medium and long term. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance insights can be found here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004152/Screenshot-2025-06-19-at-10.08.02%E2%80%AFAM.png" alt="" class="wp-image-954749" /></a></figure>
Photo Courtesy: Shutterstock.com Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's Meta Dangled ‘$100 Million Signing Bonuses' To OpenAI Team Members, Says Sam Altman: Happy ‘None' Of Our Best People Took Them</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

Media

GOOG

GOOGL

YouTube Shorts Will Soon Feature Veo 3 AI Video Tools With Audio And Higher Quality — But Creators May Need A Paid Plan

Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) robotaxi company, Zoox, has announced its first serial production facility in Hayward, California.
What Happened: The facility can produce over 10,000 Robotaxis annually and spans an area of 220,000 square feet, Zoox said in a statement released on Wednesday. This is the company's second production facility after Fremont in California.
Zoox's robotaxis lack a steering wheel as well as any pedals and feature a pod-like design, which can autonomously transport up to 4 passengers at a time. Zoox rivals Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) robotaxi service Waymo.
Zoox is currently operating in a limited capacity in Las Vegas, San Francisco and Foster City in California for company employees.
Why It Matters: The news comes in as the self-driving taxi sector in the U.S. is growing with multiple players in the mix. Recently, Waymo announced it was <a href="https://www.benzinga.com/markets/tech/25/06/45988738/tesla-robotaxi-rival-waymo-expands-services-in-california-amid-us-autonomous-vehicle-push">expanding its services</a> in California and will now operate across more neighborhoods in Los Angeles, Silicon Valley and the SF Bay Area.
This comes days after the company had <a href="https://www.benzinga.com/markets/tech/25/06/45853688/tesla-robotaxi-rival-waymo-suspends-services-in-downtown-la-following-vandalism-during-anti-ice-protests">halted operations</a> in Downtown Los Angeles over bouts of vandalism against its fleet during the Anti-ICE protests in the city.
Tesla, on the other hand, is gearing up to launch its Robotaxi service in <a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">Austin on June 22. </a>However, Elon Musk's EV giant has been called upon by lawmakers in Texas to <a href="https://www.benzinga.com/markets/tech/25/06/46010756/texas-lawmakers-urge-elon-musks-tesla-to-delay-june-22-robotaxi-launch-till-september-report">delay the launch</a>, citing updated regulations.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="208" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-1024x208.jpg" alt="" class="wp-image-954767" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-1024x208.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-300x61.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-768x156.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025-1536x312.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19010745/AMZN-JUN-19-2025.jpg 1562w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
AMZN scores well on Growth and Quality metrics and offers satisfactory Momentum and Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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</ul>
Photo courtesy: Sundry Photography / Shutterstock.com

AMZN

TSLA

Amazon-Backed Zoox Launches California Robotaxi Plant: Tesla Rival Targets 10,000 Vehicles A Year

Vice President JD Vance&#8216;s debut on the social media platform Bluesky lasted less than 30 minutes before automated systems suspended his account Wednesday, marking another high-profile content moderation incident for the X alternative.
What Happened: Vance posted his first message at 4:50 p.m. ET, writing: &#8220;Hello Bluesky, I&#8217;ve been told this app has become the place to go for common sense political discussion and analysis. So I&#8217;m thrilled to be here to engage with all of you.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-bluesky-social wp-block-embed-bluesky-social"> 
<div class="wp-block-embed__wrapper">
<blockquote class="bluesky-embed" data-bluesky-uri="at://did:plc:tkspefzlu72575kljanhe3uj/app.bsky.feed.post/3lrvv4sv2sc24" data-bluesky-cid="bafyreihy57etibipqayy3xnsucpvph6232nvki53mg2vtnjv2no72k6jt4">Hello Bluesky, I&#39;ve been told this app has become the place to go for common sense political discussion and analysis. So I&#39;m thrilled to be here to engage with all of you.
&mdash; <a href="https://bsky.app/profile/did:plc:tkspefzlu72575kljanhe3uj?ref_src=embed">JD Vance (@jd-vance-1.bsky.social)</a> <a href="https://bsky.app/profile/did:plc:tkspefzlu72575kljanhe3uj/post/3lrvv4sv2sc24?ref_src=embed">2025-06-18T20:49:56.916Z</a></blockquote>
<script async src="https://embed.bsky.app/static/embed.js" charset="utf-8"></script></div>
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The platform&#8217;s automated impersonation detection system flagged the account as potentially fraudulent, according to a Bluesky spokesperson. &#8220;Vice President Vance&#8217;s account was briefly flagged by our automated systems that try to detect impersonation attempts which have targeted public figures like him in the past,&#8221; the company <a href="https://www.newsweek.com/bluesky-explains-jd-vance-suspension-2087685">told</a> Newsweek.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Bluesky restored the account within 20 minutes and added a verification badge. &#8220;We welcome the Vice President to join the conversation on Bluesky,&#8221; the company said.
Why It Matters: The incident highlights ongoing challenges facing social media platforms as they balance automated content moderation with user experience. Bluesky, launched in February 2023, has attracted over 36 million users as an alternative to Elon Musk&#8216;s X platform.
The platform faces pressure to maintain user growth amid <a href="https://www.benzinga.com/news/social-media/25/06/45941107/mark-cuban-criticizes-bluesky-gets-welcome-back-on-x-by-ceo-yaccarino-welcome-home-to-the-true-global-town-square">criticism from prominent users</a>, including Mark Cuban, who recently said Bluesky has &#8220;grown ruder and more hateful&#8221; and lacks &#8220;diversity of thought.&#8221;
In February, Jack Dorsey attributed Bluesky's growth to users fleeing X (formerly Twitter), calling it "not a great way to build a product." He emphasized that Bluesky's appeal lies in its <a href="https://www.benzinga.com/tech/25/02/43757119/jack-dorsey-says-blueskys-rapid-expansion-fueled-by-x-exodus-not-a-great-way-to-build-a-product">user-controlled algorithms</a>, a feature he believes will attract users over time. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Phil Mistry on Shutterstock.com

Social Media

JD Vance Gets Suspended On BlueSky After First Post, Platform Says It Was A Mistake: 'We Welcome The Vice President'

Mike Gallagher, Head of Defense at Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), warned that Chinese President Xi Jinping is actively decoupling from the United States and that America risks losing negotiating leverage by ignoring this strategic shift.
What Happened: &#8220;Xi Jinping is decoupling from us. If we ignore it, our own attempts at selective decoupling will happen on much less favorable terms,&#8221; Gallagher wrote on X Wednesday.
Gallagher, who represented Wisconsin&#8217;s Eighth District from 2017 to 2024 before joining Palantir, made the comments during an interview with popular Palantir investor Amit Kukreja. He emphasized that China has never adhered to promised trade rules since Xi&#8217;s rise to power in 2013, particularly regarding the &#8220;Made in China 2025&#8221; initiative.
The former congressman cited China&#8217;s $300 billion annual effort to steal critical technology as evidence of systematic decoupling. He advocated for a strategic U.S. response through selective decoupling coordinated with allies, particularly Japan.
Gallagher referenced former Japanese Prime Minister Shinzo Abe&#8216;s vision of &#8220;free flow data with trust&#8221; as a framework for enhanced digital trade agreements that could strengthen U.S.-allied relationships while challenging China&#8217;s technological ambitions.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Xi Jinping is decoupling from us. If we ignore it, our own attempts at selective decoupling will happen on much less favorable terms. <a href="https://t.co/Xqa2mT22a4">pic.twitter.com/Xqa2mT22a4</a>
&mdash; Mike Gallagher (@RepGallagher) <a href="https://twitter.com/RepGallagher/status/1935341558624145487?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010639/elizabeth-warren-says-americans-deserve-lower-interest-rates-but-trumps-reckless-tariffs-stand-in-the-way-the-fed-is-getting-boxed-out">Elizabeth Warren Says Americans &#8216;Deserve&#8217; Lower Interest Rates, But Trump&#8217;s &#8216;Reckless&#8217; Tariffs Stand In The Way: &#8216;The Fed Is Getting Boxed Out&#8217;</a>
Why It Matters: The warning comes amid renewed U.S.-China trade tensions. President Donald Trump recently described Xi as &#8220;very tough&#8221; and &#8220;extremely hard to make a deal with&#8221; on Truth Social, though he maintains <a href="https://www.benzinga.com/news/politics/25/06/45764844/trump-says-he-likes-xi-jinping-of-china-but-calls-him-very-tough-and-extremely-hard-to-make-a-deal-with">personal rapport with the Chinese leader</a>.
Commerce Secretary Howard Lutnick announced this month that both nations reached a framework to implement the Geneva consensus following Trump-Xi discussions in London. The agreement includes a 90-day tariff pause and addresses <a href="https://www.benzinga.com/news/macro-notification/25/06/45876366/howard-lutnick-says-us-and-china-reached-a-framework-to-implement-geneva-consensus-following-trump-xi-call-csi-300-index-gains">rare-earth exports and advanced technology restrictions</a>.
Palantir shares have surged 448% over 12 months, reaching new all-time highs. The company secured over $113 million in new <a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage">federal contracts since Trump&#8217;s inauguration</a>, including a $795 million Defense Department agreement.
Gallagher previously authored legislation forcing TikTok&#8216;s divestment from Chinese ownership and investigated Chinese Communist Party involvement in the <a href="https://www.benzinga.com/news/24/08/40523523/former-gop-congressman-mike-gallagher-who-joined-palantir-says-true-divide-on-national-security-is-b">fentanyl crisis while serving in Congress</a>.
According to&nbsp;Benzinga&#8217;s Edge Stock Rankings, Palantir shows strong Short-, Medium-, and Long-Term Price Trends. Here&#8217;s&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">how the stock performs across other key metrics</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="890" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295.png" alt="" class="wp-image-954751" style="width:400px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/19004330/image-295-768x556.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
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<li><a href="https://www.benzinga.com/markets/equities/25/06/45988762/palantir-rejects-surveillance-claims-after-being-compared-to-nazi-collaborators-touts-pltrs-transparent-lineage" target="_blank" rel="noreferrer noopener">Palantir Rejects Surveillance Claims After Being Compared To Nazi Collaborators, Touts PLTR's ‘Transparent Lineage'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: plavi011 / Shutterstock.com<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"></a>

PLTR

Palantir's Head Of Defense Says 'Xi Jinping Is Decoupling From Us' — Warns America Risks Losing Leverage If China Tech Shift Goes Unchecked

A group of Texas lawmakers has urged Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to delay its Robotaxi launch in <a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">Austin, scheduled for June 22</a>.
What Happened: In a letter addressed to Elon Musk's electric vehicle giant, lawmakers state that the state's legislature updated its regulations on autonomous vehicles in 2017, which will take effect in September of this year, KXAN reported <a href="https://www.kxan.com/news/local/austin/texas-lawmakers-send-letter-to-tesla-asking-to-delay-robotaxi-rollout-in-austin/">on</a> Wednesday.
"As members of the Austin delegation in the Texas Senate and Texas House of Representatives, we are formally requesting that Tesla delay autonomous robotaxi operations until the new law takes effect on September 1, 2025," the lawmakers said in the letter.
New regulations state that all AV operators transporting passengers or property "must receive prior authorization from the Department of Motor Vehicles before operating on public streets without a human driver," the report suggests.
Regulations suggest that compliance requires all AVs must obey state traffic laws, have registered and titled insurance under Texas law, have recording devices and "a minimal risk condition if the automated driving system is rendered inoperable."
Additionally, AV operators are also required to have a first responder interaction plan in place, highlighting how first responders interact with AVs.
Why It Matters: The news comes in as Tesla was officially named as <a href="https://www.benzinga.com/markets/tech/25/06/45854273/elon-musks-tesla-officially-named-av-operator-in-austin-ahead-of-robotaxi-launch">an AV operator</a> in Austin, ahead of June 22's Robotaxi launch, which Musk says will have over 10 Tesla Model Ys initially.
The automaker also recently received a major boost for its Cybercab ambitions as the NHTSA announced it would be updating its regulatory framework to provide <a href="https://www.benzinga.com/markets/tech/25/06/45942936/elon-musks-cybercab-ambitions-just-got-a-boost-as-nhtsa-eases-regulations-for-autonomous-vehicles">exemptions to AVs </a>from safety standards.
However, questions are being raised about the company's FSD tech, a crucial element in the Robotaxi plan, after incidents involving Tesla vehicles driving in <a href="https://www.benzinga.com/markets/tech/25/06/45991698/tesla-cybertruck-caught-driving-in-wrong-lane-on-fsd-just-days-before-robotaxi-launch">the wrong lane</a>, as well as getting <a href="https://www.benzinga.com/markets/tech/25/06/45945298/tesla-model-3-on-fsd-mode-struck-by-train-after-getting-trapped-on-railroad-tracks-report">struck by a train</a> after getting stuck on railroad tracks, while in self-driving mode.&nbsp;
Robotaxis are steadily growing in the U.S., as Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo announced it will be further <a href="https://www.benzinga.com/markets/tech/25/06/45988738/tesla-robotaxi-rival-waymo-expands-services-in-california-amid-us-autonomous-vehicle-push">expanding its presence</a> in California.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="196" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-1024x196.jpg" alt="" class="wp-image-954710" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-1024x196.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-768x147.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025-1536x294.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18234145/TSLA-JUN-19-2025.jpg 1557w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45991403/teslas-robotaxi-launch-could-be-key-to-310-price-target-says-gary-black">Tesla&#8217;s Robotaxi Launch Could Be Key To $310 Price Target, Says Gary Black</a></li>
</ul>
Photo courtesy: Ken Wolter / Shutterstock.com

Texas Lawmakers Urge Elon Musk's Tesla To Delay June 22 Robotaxi Launch Till September: Report

Iranian cryptocurrency exchange, Nobitex, was hacked for nearly $90 million on Wednesday, with an Israel-linked group claiming responsibility for the cyberattack.
What Happened: A group called Gonjeshke Darande, or "Predatory Sparrow," announced the attack on X, calling Nobitex &#8220;a tool for financing terrorism and violating sanctions.&#8221;
&#8220;In the next 24 hours, we will publish the Nobitex source code and internal information from its internal network. Any assets left there after that will be at risk,&#8221; the group said in an X post in Persian.
This marks the second operation by the hacking group in two days, following their claim of data destruction&nbsp;at Iran's state-owned Bank Sepah&nbsp;on Tuesday, a Reuters report said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">پس از بانک سپه، نوبت Nobitex شد هشدار! در 24 ساعت آینده، کد منبع نوبیتکس و اطلاعات داخلی از شبکه داخلی آن را منتشر خواهیم کرد. هر دارایی که پس از آن در آنجا باقی بماند در معرض خطر خواهد بود! صرافی نوبیتکس در قلب تلاش های رژیم برای تامین مالی ترور در سراسر جهان قرار دارد. این… <a href="https://t.co/IXoFrQBlAK">pic.twitter.com/IXoFrQBlAK</a>
&mdash; Gonjeshke Darande (@GonjeshkeDarand) <a href="https://twitter.com/GonjeshkeDarand/status/1935231054249435607?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/crypto/25/06/45990647/trump-financial-disclosures-reveal-barron-trumps-potential-40-million-windfall-from-crypto-project" target="_blank" rel="noreferrer noopener">Trump Financial Disclosures Reveal Barron Trump&#8217;s Potential $40 Million Windfall From Crypto Project</a>
While Israel has never officially acknowledged its association with Gonjeshke Darande, Israeli news outlets such as the Jerusalem Post have <a href="https://www.jpost.com/middle-east/iran-news/article-858131">reported</a> the group as &#8220;Israel-linked&#8221;.
Why It Matters: Nobitex, Iran&#8217;s largest cryptocurrency trading platform, was exploited for more than $90 million in assets across a range of cryptocurrencies, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), <a href="https://www.chainalysis.com/blog/nobitex-iranian-exchange-exploit-june-2025/">according </a>to on-chain analytics firm Chainalysis.&nbsp;
Chainlaysis said the exchange is involved in &#8220;illicit&#8221; activities, having wallets affiliated with ransomware operators, and entities&nbsp;tied to militant groups such as <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35159368/israel-seizes-hamas-crypto-accounts-with-help-from-binance">Hamas </a>and the Houthis.
This cyberattack on Nobitex comes amid escalating tensions between Iran and Israel, with the<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/06/45983526/trump-wants-an-end-not-a-ceasefire-for-the-israel-iran-war-what-that-means-for-etfs"> two rivals carrying out missile attacks against each other</a> since last week. 
Iran&#8217;s state-run news agency IRIB warned citizens against using WhatsApp, Telegram, and other &#8220;location-based applications,&#8221; claiming they are&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/45988833/iran-says-whatsapp-a-tool-for-israeli-surveillance-meta-hits-back-calling-it-false-reports">tools for Israeli surveillance</a>. Israel has also <a href="https://www.benzinga.com/markets/commodities/25/06/45965846/israel-is-pounding-irans-energy-infrastructure-and-its-sending-these-oil-etfs-soaring-but-it-maybe-bad-news-at-the-gas-pump">launched attacks</a> on Iran's energy infrastructure, causing a surge in global energy prices.
Photo Courtesy: Sergey Nivens on Shutterstock.com
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46009971/trump-cheers-incredible-stablecoin-bill-passed-by-senate-get-it-to-my-desk-asap-no-delays">Trump Cheers &#8216;Incredible&#8217; Stablecoin Bill Passed By Senate: &#8216;Get It To My Desk, ASAP — No Delays&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$DOGE

$ETH

Israel-Linked 'Predatory Sparrow' Hackers Say They've Drained Millions In Bitcoin, Ethereum From Iran's Crypto Exchange

The U.S. markets will be closed on Thursday, June 19, in observance of Juneteenth National Independence Day, a federal holiday commemorating the end of slavery in the United States.
What Happened: According to the guidance from the Securities Industry and Financial Markets Association, the New York Stock Exchange and the Nasdaq will both suspend trading for the day, along with the U.S. bond market, which will also remain closed. Trading will resume as normal on Friday, June 20.
Juneteenth is the newest federal holiday in the calendar, having been designated only in 2021 by former President Joe Biden, 156 years after Major General Gordon Granger ordered the final enforcement of the Emancipation Proclamation in Texas on June 19, 1865.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/46010064/ayatollah-assassination-discussion-rejected-by-putin-i-do-not-even-want-to-discuss-this-possibility">Ayatollah Assassination Discussion Rejected By Putin: &#8216;I Do Not Even Want To Discuss This Possibility&#8217;</a>
The decision to make this a national holiday was undertaken following <a href="https://www.benzinga.com/news/24/06/39397814/is-the-market-open-on-juneteenth">months of widespread protests</a> against racial injustice and inequality in 2020. 
While financial markets will be off on Thursday, not all sectors will stop functioning. Most federal government offices, bank branches, schools, and even the U.S. Postal Service will be shutting down, with many state and local government offices also observing the holiday.
Private companies, however, aren&#8217;t required by law to close for federal holidays, and retailers such as Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) will continue <a href="https://edition.cnn.com/2025/06/18/business/open-closed-juneteenth">to</a> remain open during their normal working hours. 
Major banks such as JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), among others, will be closed, while online banking and ATMs will continue to function. 
Why It Matters: For years, Juneteenth celebrations were <a href="https://www.benzinga.com/news/22/06/27699154/juneteenth-2022-whats-open-whats-closed-and-what-is-the-holiday-all-about-1">restricted only to Texas</a>, but following the unrest that stemmed from the death of George Floyd in 2020, there were growing calls for making it a nationwide holiday.
Besides Juneteenth, the markets remain closed for <a href="https://www.benzinga.com/money/stock-market-holidays">eight other federal holidays</a>, with the following occasions in the coming months,
<ul class="wp-block-list">
<li>Friday, July 4th—Independence Day</li>
<li>Friday, September 5th—Labor Day</li>
<li>Monday, November 24th—Thanksgiving</li>
<li>Friday, December 26th—Christmas Day</li>
</ul>
Photo Courtesy: iHumnoi on Shutterstock.com Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46010451/peter-schiff-doesnt-think-stablecoins-will-help-preserve-dollar-dominance-heres-what-the-economist-says-theyll-do-instead">Peter Schiff Doesn&#8217;t Think Stablecoins Will Help Preserve Dollar Dominance — Here&#8217;s What The Economist Says They&#8217;ll Do Instead</a></li>
</ul>

Are Markets Open On Juneteenth This Year? Here's What's Open And What's Closed On June 19

Sen. Elizabeth Warren (D-Mass.) criticized President Donald Trump&#8216;s tariff policies on Wednesday, arguing they prevent the Federal Reserve from delivering the lower interest rates Americans need.
What Happened: &#8220;Americans deserve lower interest rates and lower costs, but Donald Trump and his reckless tariffs are standing in the way of that relief,&#8221; Warren wrote on X. &#8220;The Fed is getting boxed out by the President&#8217;s chaotic economic policies.&#8221;
Warren&#8217;s comments follow the Fed&#8217;s decision to hold rates at 4.25%-4.50% for the fourth consecutive meeting. Fed Chair Jerome Powell cited tariff-induced inflation concerns as a <a href="https://www.benzinga.com/markets/economic-data/25/06/46004338/no-rate-cuts-yet-fed-flags-slower-growth-sticky-inflation">key factor preventing rate cuts</a>.
The Fed raised its core Personal Consumption Expenditure inflation forecast to 3.1% for 2025, up from 2.8% in March. Powell directly <a href="https://www.benzinga.com/markets/economic-data/25/06/46004338/no-rate-cuts-yet-fed-flags-slower-growth-sticky-inflation">attributed this increase to tariff effects</a>, noting &#8220;we&#8217;re beginning to see some effects&#8221; on goods prices, particularly personal computers and audiovisual equipment.
Powell said <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46006680/powell-holds-line-on-interest-rates-blames-tariff-uncertainty-for-delay-in-cuts">business surveys indicate</a> &#8220;many companies do expect to put all or some of the effect of tariffs through to the next person in the chain. And ultimately, to the consumer.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Americans deserve lower interest rates and lower costs, but Donald Trump and his reckless tariffs are standing in the way of that relief. The Fed is getting boxed out by the President&#39;s chaotic economic policies. <a href="https://t.co/FKfO5tGHlN">pic.twitter.com/FKfO5tGHlN</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1935455623908348265?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/topics/25/06/45988985/israel-says-it-struck-iranian-centrifuge-site-missile-factories-near-tehran-with-over-50-jets-to-disrupt-weapons-program">Israel Says It Struck Iranian Centrifuge Site, Missile Factories Near Tehran With Over 50 Jets To Disrupt Weapons Program</a>
Why It Matters: The Fed&#8217;s dot plot maintains expectations for two rate cuts in 2025, unchanged from March projections. However, 2026 expectations dropped to two cuts from three previously.
Markets initially declined during Powell&#8217;s press conference, with the Nasdaq 100 tracked by Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dropping 180 points from session highs before recovering on Trump&#8217;s Middle East comments.
Warren <a href="https://www.benzinga.com/news/politics/25/06/45785851/elizabeth-warren-says-trumps-one-big-beautiful-bill-will-rip-away-health-coverage-from-16-million-americans-just-so-jeff-bezos-can-buy-a-third-ya">previously clashed with Trump</a> over his &#8220;One Big Beautiful Bill,&#8221; which the Congressional Budget Office estimates would add $2.4 trillion to the national debt over 10 years while potentially removing health coverage from 16 million Americans.
The Fed projects real GDP growth at 1.4% in 2025, <a href="https://www.benzinga.com/markets/economic-data/25/06/46004338/no-rate-cuts-yet-fed-flags-slower-growth-sticky-inflation">down from 1.7% in March</a>, while unemployment is expected to rise to 4.5%. Powell emphasized there&#8217;s &#8220;no rush&#8221; to ease policy given current economic uncertainties.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Sheila Fitzgerald / Shutterstock.com

Elizabeth Warren Says Americans 'Deserve' Lower Interest Rates, But Trump's 'Reckless' Tariffs Stand In The Way: 'The Fed Is Getting Boxed Out'

Mark Zuckerberg-led Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is reportedly looking to bring high-profile AI talent in-house as it doubles down on its efforts to lead the next wave of artificial intelligence innovation.
What Happened: Meta is in discussions to hire Nat Friedman, former CEO of GitHub, to support its artificial intelligence efforts, reported Reuters (<a href="https://www.theinformation.com/articles/meta-talks-hire-former-github-ceo-nat-friedman-daniel-gross-join-ai-efforts">via</a> The Information).
The company is also reportedly in talks with Daniel Gross, Friedman's partner at investment fund NFDG, about a potential AI-related role.
Meta is also considering a partial acquisition of NFDG, the report said. The move would further integrate top-tier AI talent and resources into the company's growing portfolio.
Also Read:&nbsp;<a href="https://www.benzinga.com/media/25/05/45680165/meta-hits-1-billion-monthly-ai-users-eyes-future-with-subscriptions" target="_blank" rel="noreferrer noopener">Meta Hits 1 Billion Monthly AI Users, Eyes Future With Subscriptions</a>
Friedman currently serves on Meta's Advisory Group, an external council that advises the company on technology and product development.
Why It's Important: Earlier this week, during a podcast, ​​OpenAI CEO Sam Altman said that <a href="https://www.benzinga.com/markets/tech/25/06/45988600/mark-zuckerbergs-meta-dangled-100-million-signing-bonuses-to-openai-team-members-says-sam-altman-happy-none-of-our-best-people-took-them">Meta offered $100 million compensation</a> packages to lure top AI talent from his company and Google DeepMind.
Previously, it was also reported that Meta is <a href="https://www.benzinga.com/markets/tech/25/06/45899037/metas-mark-zuckerberg-is-losing-top-ai-talent-to-openai-and-anthropic-even-as-it-shells-out-millions-in-salaries-report">struggling with a wave of departures</a> from its AI division, as more employees head to competitors such as OpenAI and Anthropic.
Meanwhile, Meta has made a strategic minority investment in Scale AI, pushing the startup's valuation beyond $29 billion. As part of the deal, Scale AI founder Alexandr Wang will <a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">join Meta to assist</a> with its AI initiatives while continuing to serve on Scale's board.
Price Action: Meta shares are up 16.11% year-to-date. On Wednesday, the stock dipped 0.21% during regular trading and edged down another 0.062% after hours, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings show META maintaining an upward trajectory across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance data is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/18225542/Screenshot-2025-06-19-at-7.55.55%E2%80%AFAM.png" alt="" class="wp-image-954686" /></a></figure>
Photo courtesy: Skorzewiak / Shutterstock.com
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Mark Zuckerberg's Meta Reportedly Looking To Hire Former GitHub CEO Nat Friedman And Investor Daniel Gross As Part Of Aggressive AI Expansion Strategy

Economist and market commentator Peter Schiff raised doubts about the potential of stablecoins to uphold the U.S. dollar&#8217;s dominance on Wednesday, stating that their primary use would be in cryptocurrency trading.
What Happened:&nbsp;Schiff took to X, disputing the widely touted role of stablecoins in helping the U.S. economy. 
&#8220;Rising federal budget deficits and higher inflation will erode demand for non–interest-bearing U.S. dollar–pegged stablecoins,&#8221; Schiff argued. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With respect, you are forgetting the use of stablecoins in countries with high inflation where individuals trade their devaluing fiat into USDT (for example) to preserve buying power. Merchants in these countries may prefer to be paid this way. Subtle infiltration.
&mdash; Frederick Frost (@fafrost) <a href="https://twitter.com/fafrost/status/1935368846548119680?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He added that stablecoins will fail to preserve the dollar&#8217;s role as the global reserve currency, as claimed, with their primary use case as trading pairs with other cryptocurrency tokens.
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45988984/anthony-scaramucci-quotes-harry-truman-to-take-a-sly-dig-at-trumps-recent-ventures-show-me-a-man-th" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Quotes Harry Truman To Take A Sly Dig At Trump&#8217;s Recent Ventures? — &#8216;Show Me A Man That Gets Rich By Being A Politician&#8230;&#8217;</a>
However, Schiff&#8217;s views were contested by critics. An X user, Frederick Frost, highlighted&nbsp;the use of stablecoins in&nbsp;countries with high inflation, arguing that individuals in these regions could&nbsp;trade their devalued national currency into&nbsp;Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) to maintain their buying power. 
In response, Schiff said those people could use tokens pegged to other currencies or gold.
Why It Matters: Schiff&#8217;s comments come in the wake of the passage of the stablecoin bill by the Senate. President Donald Trump <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46009971/trump-cheers-incredible-stablecoin-bill-passed-by-senate-get-it-to-my-desk-asap-no-delays">praised the move</a> and urged Congress to get it on his desk without delay.
Treasury Secretary&nbsp;Scott Bessent said that the bill&#8217;s passage could help stablecoins <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45897485/treasury-secretary-scott-bessent-sees-stablecoin-market-surging-past-2-trillion-as-senate-a">grow into a $3.7 trillion market</a> by the end of the decade, generate significant demand for U.S. Treasuries and T-bills.
Schiff has been opposed to regulating dollar-pegged stablecoins. &#8220;Let the free market regulated it. Lots of companies can issue stablecoins, have independent audits and offer privately insured deposits,&#8221; he wrote in a post from 2022.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We don&#39;t need regulation for <a href="https://twitter.com/hashtag/StableCoins?src=hash&amp;ref_src=twsrc%5Etfw">#StableCoins</a>. Let the free market regulated it. Lots of companies can issue stable coins, have independent audits and offer privately insured deposits. Let businesses compete for reputation, build brands, and allow educated consumers to shop around.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1602735693314260994?ref_src=twsrc%5Etfw">December 13, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: ddRender on Shutterstock.com
Read Next:&nbsp;
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<li><a href="https://benzinga.com/news/events/25/06/45964856/trump-asks-everyone-to-immediately-evacuate-tehran-odds-of-us-striking-iran-spike-on-crypto-betting-p" target="_blank" rel="noreferrer noopener">Trump Asks &#8216;Everyone&#8217; To Immediately Evacuate Tehran, Odds Of US Striking Iran Spike On Crypto Betting Platform</a></li>
</ul>

Government

Regulations

$USDT

Peter Schiff Doesn't Think Stablecoins Will Help Preserve  Dollar Dominance — Here's What The Economist Says They'll Do Instead

Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) warns that the traditional 9-to-5 has dissolved into an "infinite workday," with employees signing on before dawn, moving between impromptu meetings all day, and rechecking email near midnight.
What Happened: Microsoft&#8217;s June Work Trend Index Special Report, <a href="https://news.microsoft.com/de-ch/2025/06/17/new-microsoft-study-reveals-the-rise-of-the-infinite-workday-40-of-employees-check-email-before-6-a-m-evening-meetings-up-16/">based</a> on trillions of anonymized Microsoft 365 signals, shows 40% of users are already triaging messages at 6 am, while 29% return to their inbox around 10 pm.
57% of meetings are scheduled on the fly without an invite, and half of all gatherings cluster between 9-11 a.m. and 1-3 p.m. — hours the research identifies as prime focus time.
Evening obligations are rising fast, too. Virtual meetings after 5 pm jumped 16% year-over-year, and the typical employee now handles about 50 Teams messages outside core hours. 20% of staff work on weekends, with many opening emails before noon on Saturday and Sunday.
Workers are pinged roughly every 1.75 minutes and about 275 interruptions in an eight-hour span. Microsoft thus calculates that the median employee enjoys just two consecutive minutes of deep focus during the day.
See also: <a href="https://www.benzinga.com/personal-finance/management/25/06/45995888/scott-galloway-says-people-are-still-spending-shopping-at-whole-foods-and-vacationing-despite-irrational-economic-policy-why-is-that">Scott Galloway Says People Are Still Spending, Shopping At Whole Foods, And Vacationing Despite &#8216;Irrational Economic Policy.&#8217; Why Is That?</a>
The company calls meetings "the primary thief of concentration" and notes that mass emails to 20-plus recipients climbed 7% in the past year.
Why It Matters: Microsoft argues the always-on culture could stunt productivity unless firms rethink calendars and adopt AI tools to triage low-value tasks. The findings arrive after JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon urged corporate managers to <a href="https://www.benzinga.com/news/financing/25/06/45878903/jpmorgan-ceo-jamie-dimon-urges-managers-to-stop-running-meetings-to-impress-the-boss-and-start-confronting-real-problems-head-on">abandon meetings</a> designed to impress bosses and instead focus on being transparent about business problems.
Similarly, Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) chief Brian Chesky has admitted <a href="https://www.benzinga.com/news/management/25/05/45463946/airbnb-ceo-brian-chesky-reveals-why-he-doesnt-do-emails-and-early-morning-meetings-says-silicon-valley-founders-dont-need-to-be-miserable">he doesn&#8217;t do email</a> and doesn&#8217;t attend meetings before 10 am. Similarly, Meta Platforms Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Mark Zuckerberg says the <a href="https://www.benzinga.com/25/05/45556921/mark-zuckerberg-slams-endless-one-on-one-meetings-says-i-just-like-explode-without-open-blocks-of-time-in-the-calendar">secret to his calendar management</a> is leaving it empty and not packing it tight.
Photo Courtesy: Ground Picture on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/topics/25/06/45996375/dave-ramsey-admits-his-advice-is-simple-in-theory-but-hard-in-practice-clears-up-the-biggest-misconceptions-about-his-famous-advice">Dave Ramsey Admits His Advice Is Simple In Theory But Hard In Practice, Clears Up The Biggest Misconceptions About His Famous Advice</a>

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Microsoft Study Finds That 9-To-5 Has Morphed Into 'Infinite Workdays' And Employees Can't Stop Checking Mail Even At Midnight

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