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UTime

UTime Ltd is engaged in the design, development, production, sales and brand operation of mobile phones, accessories and related consumer electronics. It also provides Electronics Manufacturing Services (EMS), including Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) services, for renowned brands. The company operates in China and its products are sold globally, including Mexico, Brazil, the United States, and other emerging markets in South Asia and Africa as well as Europe. It has two in-house brands, UTime, known as its middle-to-high end label and targets middle class consumers from emerging markets; and Do, as its low- to mid-end brand, is positioned to the grassroots consumers and price-sensitive consumers in emerging markets.

UTime Ltd

Toronto has taken a significant step by excluding Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicles from its electric vehicle incentives, citing the ongoing trade war with the United States. This decision, led by Mayor Olivia Chow, reflects the city&#8217;s stance on the trade conflicts.
What Happened: Toronto has halted financial incentives for Tesla vehicles used as cabs or for ride sharing purposing, citing trade conflicts with the United States, according to Reuters on Monday.
Under Mayor Olivia Chow&#8217;s leadership, the city is promoting electric vehicle use by lowering licensing and renewal costs for ride-hailing vehicles through 2029. However, from March 1, Tesla models are excluded from these benefits. Chow explained that drivers must seek alternative electric vehicles.
The exclusion remains until U.S. trade issues are resolved. Chow attributed the decision to Elon Musk, Tesla&#8217;s CEO and adviser to U.S. President Donald Trump. Trump&#8217;s tariffs on Canadian goods have fueled tensions, prompting this symbolic move.
&#8220;We have certainly said that if you want to buy a Tesla, go ahead, but don&#8217;t count on taxpayer money to subsidize it,&#8221; said Chow, according to the report.
Tesla has reportedly not commented on Toronto&#8217;s move. The financial impact is minimal, according to the mayor.
See Also: <a href="https://www.benzinga.com/25/03/44348859/trump-says-he-was-little-bit-sarcastic-when-he-said-he-would-end-the-russia-ukraine-war-in-a-day-what-i-really-mean-is">Trump Says He Was &#8216;Little Bit Sarcastic&#8217; When He Said He Would End The Russia-Ukraine War In A Day: &#8216;What I Really Mean Is&#8230;&#8217;</a>
Why It Matters: This move by Toronto is part of a broader trend in Canada where Tesla is facing increasing challenges. Recently, <a href="https://www.benzinga.com/markets/25/03/44321211/tesla-charging-stations-cut-from-rebate-program-by-canadian-province-most-people-would-support-their-remo">Tesla&#8217;s charging stations and home batteries</a> were excluded from rebate programs in British Columbia, also due to U.S.-Canada trade tensions. 
Additionally, Tesla has been suspected of manipulating Canada&#8217;s EV rebate program, with reports of a sudden surge in sales before a rebate deadline, as detailed in <a href="https://in.benzinga.com/25/03/44213295/tesla-suspected-of-ev-rebate-manipulation-in-canada-amid-sudden-sales-surge-tesla-gamed-the-system-says-industry-body">another Benzinga article</a>.
Moreover, public sentiment in Canada is shifting against Tesla, with a <a href="https://www.benzinga.com/25/03/44224547/attempting-to-erase-canadian-sovereignty-71-of-canadians-support-a-tesla-ban-while-364000-want-elon-musks-citizen">recent poll</a> indicating that 71% of Canadians support a ban on Tesla sales. This growing discontent is further evidenced by a petition to revoke Elon Musk&#8217;s Canadian citizenship, which has gathered significant support.
Canada is imposing 25% tariffs on $20 billion of U.S. goods in <a href="https://in.benzinga.com/news/25/03/44281882/canada-retaliates-with-20b-in-tariffs-on-us-goods-amid-trade-war">retaliation for Trump's steel and aluminum duties</a>, affecting multiple industries. The move adds to previous counter-tariffs, raising concerns over economic instability, rising costs, and disruptions in housing and manufacturing.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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TSLA

Toronto Excludes Tesla From EV Incentives Amid Trump Tariff War: Mayor Says, 'Don't Count On Taxpayer Money'

The Social Security Administration will soon begin taking 100% of monthly benefit payments from recipients to recover overpayments. This is a significant change from the current 10% withholding rate, which has been in place since the Biden administration adjusted the policy to reduce financial strain on beneficiaries.&nbsp;
The new policy is set to take effect on March 27—and it could have serious financial implications for some Social Security recipients.
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<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
<h2 class="wp-block-heading">Why Is the SSA Changing Its Overpayment Policy?</h2>
The SSA <a href="https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/">announced</a> on March 7 that it will increase the default overpayment withholding rate to 100% to improve the recovery of improperly distributed funds. According to the SSA's <a href="https://blog.ssa.gov/social-security-to-reinstate-overpayment-recovery-rate/">Office of the Chief Actuary</a>, the change is expected to result in program savings of about $7 billion over the next decade.
Lee Dudek, the acting SSA commissioner, said that the agency has &#8220;a significant responsibility to be good stewards of the trust funds for the American people.&#8221; Dudek noted that the move is intended to return the overpayment recovery policy to the standard used during the Obama and early Trump administrations.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">How Common Are Overpayments?</h2>
Overpayments from Social Security are relatively rare but still represent billions of dollars each year. A <a href="https://oig.ssa.gov/news-releases/2024-08-19-ig-reports-nearly-72-billion-improperly-paid-recommended-improvements-go-unimplemented/">2024 report</a> from the SSA's inspector general found that fewer than 1% of Social Security payments were improper, but over time, these small errors add up. From 2015 to 2022, the SSA paid out about $72 billion in improper payments, most of which were overpayments.
<h2 class="wp-block-heading">Overpayments can happen for a variety of reasons, including:</h2>
<ul>
<li>Beneficiaries not updating the SSA with changes in their earnings, marital status, or living situation.</li>
<li>SSA employees failing to update beneficiary records in a timely manner.</li>
<li>Complex benefit calculations that lead to miscalculations.</li>
</ul>
<a href="https://www.youtube.com/watch?v=HW8fyc3HzPw">According</a> to Ed Weir, a former Social Security manager, some seniors intentionally accept overpayments by continuing to receive benefits while working, even if they expect to exceed the annual earnings limit. Under current rules, Social Security withholds $1 in benefits for every $2 earned above $23,400 annually.
Trending: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.
<h2 class="wp-block-heading">What Happens If Your Benefits Are Clawed Back?</h2>
Under the new policy, beneficiaries who are overpaid after March 27 will automatically face 100% withholding of their monthly Social Security payments until the debt is repaid. Those with overpayment cases established before March 27 will continue to have a 10% withholding rate. The 10% rate will also remain in place for overpayments related to Supplemental Security Income.
For many seniors, the shift to a full withholding rate could create financial strain. Nancy Altman, president of Social Security Works, <a href="https://www.cbsnews.com/news/social-security-overpayment-clawback-100-percent-medicare-trump-doge-waiver/">told</a> CBS News that overpayments are often unexpected. &#8220;People generally do not know they are overpaid,&#8221; Altman said. &#8220;People are really desperate when they get a letter from the government saying, &#8216;You owe $10,000&#8217; that they don&#8217;t have.&#8221;
<h2 class="wp-block-heading">How Medicare Payments Could Be Affected</h2>
A key concern is how the clawback could affect Medicare coverage. Most seniors have their Medicare Part B premiums deducted from their Social Security checks. If the full check is withheld to cover an overpayment, it's unclear how Medicare payments will be handled.
&#8220;If you are on Medicare, it means you might not pay your Medicare possibly, so you might lose your Medicare,&#8221; Weir said in his webcast. The SSA has not yet clarified how Medicare deductions will be handled under the new policy.
See Also: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
<h2 class="wp-block-heading">What To Do If You're Facing an Overpayment</h2>
If you receive an overpayment notice, you have <a href="https://www.ssa.gov/manage-benefits/repay-overpaid-benefits">several options</a>:
<ul>
<li>Request a waiver – If the overpayment wasn't your fault and you can't afford to repay it, you can file SSA Form 632 to request a waiver.</li>
<li>Appeal the overpayment – If you believe the overpayment is incorrect, you can file SSA Form 561 to appeal the decision.</li>
<li>Request a lower repayment rate – If the full withholding causes financial hardship, you can ask the SSA to adjust the repayment rate to a lower percentage.</li>
</ul>
Beneficiaries have 30 days from the date of the overpayment notice to respond before the SSA begins collection. During this period, the agency will not take action if you file an appeal or waiver request.
The new policy marks a significant shift in how the SSA handles overpayments — and could lead to financial difficulties for some beneficiaries. If you receive an overpayment notice, acting quickly and understanding your options can help protect your benefits.
Read Next:
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
</ul>

Personal Finance

SSA To Seek 100% Recovery On Social Security Overpayments - Here's What This Means For Your Benefits

"Shark Tank" is full of success stories and failures with investors like Kevin O'Leary and Mark Cuban investing in companies that appear on the popular investment <a href="https://www.benzinga.com/general/entertainment/24/10/41271567/mark-cuban-reflects-on-shark-tanks-enduring-success-the-american-dream-is-alive-and-well">pitch show for entrepreneurs.</a>
A $1.9 billion acquisition by PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) announced Monday traces its roots back to an appearance on "Shark Tank" and both Cuban and O'Leary passed on investing in the company.
"Shark Tank" Success Story: On Monday, PepsiCo<a href="https://www.benzinga.com/news/large-cap/25/03/44358047/pepsico-bets-big-on-prebiotic-sodas-with-1-95-billion-poppi-acquisition-details"> announced the $1.9 billion acquisition</a> of fast-growing prebiotic soda company poppi.
The company has grown over the years and grew increased national attention with <a href="https://www.benzinga.com/25/02/43598736/super-bowl-commercials-2025-complete-list-of-super-bowl-lix-ads-and-companies-behind-them">Super Bowl commercials</a> in both 2024 and 2025.
Monday's acquisition put a spotlight back on the company's 2018 <a href="https://x.com/darrenrovell/status/1901625038542966893">appearance </a>on "Shark Tank," when the company was then known as Mother Beverage.
Husband and wife co-founders Stephen and Allison Ellsworth appeared on the "Shark Tank" episode seeking $400,000 for a 10% stake in their company.
The duo may have scared away early interest having the sharks take shots of an undisclosed beverage, which turned out to be apple cider vinegar. The taste test was done to highlight how Allison had concocted beverages that included apple cider vinegar and tasted good.
While the sharks agreed that many of the samples tasted good, they quickly exited and left only one guest shark to make an offer.
Guest shark Bethenny Frankel said it was a disaster to manufacture the beverages themselves and couldn't believe they didn't have a partner.
"You're still in the kitchen," Frankel said before she said she was out on any deal.
O'Leary said every beverage company comes into "Shark Tank" and says the future is so bright that you have to wear shades.
"The valuation is insane," O'Leary said, announcing he was out on the deal.
 Cuban told the couple his fear was they would have to raise a lot more money.
"As much as I would like to help a Dallas company, I'm out," Cuban said.
Shark Lori Greiner also exited telling the couple that she would be a customer, but not a partner.
The last remaining shark was guest shark Rohan Oza, who had experience in the consumer products sector.
"Beverage is savage," Oza said.
The investor said the mathematics for a company that's done $250,000 in sales in three months would have to have a different equity stake that they probably wouldn't like.
"For $400k for me to get interested, it's got to be like 25% stake," Oza said.
The other sharks encouraged the couple to take the deal.
"We'd love to do business with you," Stephen Ellsworth said.
You may not be a billionaire like Mark Cuban, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/25/03/44209284/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-56">check out five stocks flying under the radar that deserve your attention.</a>
Fast Growth: Allison Ellsworth told a portion of her <a href="https://drinkpoppi.com/pages/our-story?srsltid=AfmBOoqQPkfTVvBqH9eS4MEuCrBYS-LRe34A1luWJg5ZzUoPvYEAahsV">story </a>of struggling with weight and turning to apple cider vinegar during their "Shark Tank" pitch. She mixed fruit juices with apple cider vinegar in her Dallas kitchen to create tasty products.
The products were later bottled up and sold at local farmers' markets. At the market, a Whole Foods buyer helped them land a regional deal with the retailer.
While on "Shark Tank," the couple also said they had signed a national deal with Albertson's.
A "Shark Tank" <a href="https://www.sharktankblog.com/business/mother/">update </a>on the company revealed that since their episode aired, the team scrapped the idea of a bottling plant and went with co-packers, a strategy that would likely make Frankel proud. The company also launched cans alongside their bottles.
In 2000, the company was in over 2,000 stores including Walmart and Whole Foods, alongside online sales on Amazon.
After appearing on "Shark Tank," the couple took part in a rebrand to poppi. The brand eventually landed more nationwide retail space and was able to partner with some top celebrity names such as Post Malone, Hailey Bieber, Kylie Jenner, Billie Eilish, Russell Westbrook, Jennifer Lopez, Olivia Munn and more.
As of April 2024, the company had annual revenue of $50 million. Oza said over the years that poppi would become "Shark Tank's" first billion-dollar brand.
Pepsi Acquisition: A <a href="https://x.com/darrenrovell/status/1901625038542966893">tweet </a>from Darren Rovell says Oza's VC CAVU Consumer Partners put in $25 million over the years before the sale to Pepsi.
The appearance on "Shark Tank" gets credit in the deal <a href="https://www.pepsico.com/our-stories/press-release/pepsico-to-acquire-poppi03172025">announcement </a>by Pepsi Monday saying the brand was "discovered" on the show by Oza and funded by CAVU Consumer Partners "from their initial seed round to today."
"poppi is a true testament to the American Dream! From the kitchen to Shark Tank to becoming an iconic brand, this couldn't have been done without the amazing founders Allison and Stephen Ellsworth, the incredible team in place led by CEO Chris Hall, the unmatched support of CAVU's Uncommon team led by Stevie Clements, and the extraordinary poppi community," Oza said.
Oza said the PepsiCo partnership will help even more consumers around the world enjoy poppi.
Read Next: 
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<li><a href="https://www.benzinga.com/news/23/11/35988212/mark-cuban-to-exit-shark-tank-reflects-on-his-worst-deal-and-surprise-success-shared-with-benzinga">Mark Cuban To Exit Shark Tank: Reflects On His Worst Deal And Surprise Success Shared With Benzinga</a></li>
</ul>
Photo: Nicole Kandi via Shutterstock

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Mark Cuban, Kevin O'Leary Rejected Poppi On Shark Tank, Pepsi Just Paid $1.9 Billion To Acquire Company

Nutanix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) has outperformed the market over the past 5 years by 17.34% on an annualized basis producing an average annual return of 37.25%. Currently, Nutanix has a market capitalization of $18.96 billion. 
Buying $1000 In NTNX: If an investor had bought $1000 of NTNX stock 5 years ago, it would be worth $5,057.61 today based on a price of $71.11 for NTNX at the time of writing.
<h3>Nutanix's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742253310_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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NTNX

If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) has outperformed the market over the past 5 years by 2.91% on an annualized basis producing an average annual return of 22.82%. Currently, Shell has a market capitalization of $210.07 billion. 
Buying $100 In SHEL: If an investor had bought $100 of SHEL stock 5 years ago, it would be worth $291.60 today based on a price of $70.10 for SHEL at the time of writing.
<h3>Shell's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742252419_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SHEL

$100 Invested In Shell 5 Years Ago Would Be Worth This Much Today

See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
Despite his massive charitable contributions, Gates has repeatedly pledged he&#8217;ll eventually disappear from the ranks of the world&#8217;s wealthiest individuals. &#8220;I will drop down and eventually off the list altogether,&#8221; he said confidently in a <a href="https://www.gatesnotes.com/the-year-ahead-2023">2022 GatesNotes blog post</a>, further emphasizing his belief that excessive wealth has its limits.&nbsp;
His philosophy? After a certain threshold, money doesn&#8217;t significantly improve life. As he said back a 2011 Q&amp;A at the University of Washington, &#8220;I can understand wanting to have millions of dollars, there&#8217;s a certain freedom, meaningful freedom, that comes with that. But once you get much beyond that, I have to tell you, <a href="https://www.benzinga.com/personal-finance/25/02/43562104/bill-gates-was-the-richest-man-in-the-world-for-a-record-18-years-he-says-money-brings-freedom-but-beyond-that-its-the-same-hamburger">it&#8217;s the same hamburger</a>.&nbsp;
While Gates may never match his grandmother&#8217;s standards for saving wrapping paper, his legacy of generosity suggests he&#8217;s aiming for a very different kind of standard altogether—one measured in global impact rather than frugality.
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Bill Gates Says He's Not an Overly Frugal Billionaire—But by His Grandmother's Standards, He's 'Crazy' for Tossing Gift Bags and Wrapping Paper

Universa Investments hedge fund, led by billionaire investor Mark Spitznagel, posted a 4,144% return in a single quarter during the COVID-19 market crash in early 2020. Here's a look at<a href="https://www.benzinga.com/markets/equities/24/07/39870083/black-swan-investor-says-greatest-bubble-in-human-history-is-on-the-verge-of-bursting-calls-stoc"> how he did it.&nbsp;</a>
What To Know: Spitznagel is known as a "doomsday" investor who correctly predicted the Great Financial Crisis in 2008 and specializes in profiting during broad market crashes caused by "black swan" events.&nbsp;
Read Next: <a href="https://www.benzinga.com/general/travel/25/03/44359238/severe-storm-system-brings-devastation-at-least-42-dead-power-outages-widespread-damage-reported">Severe Storm System Brings Devastation: At Least 42 Dead, Power Outages, Widespread Damage Reported&nbsp;</a>
Spitznagel's Universa Investments fund's massive COVID-19 gains were revealed in a letter to clients that was leaked and <a href="https://markets.businessinsider.com/news/stocks/black-swan-fund-universa-investments-4000-percent-return-hedging-coronavirus-2020-4-1029076165">seen by</a> Business Insider. In the letter, Spitznagel highlighted the gains the fund had achieved through its tail-risk hedging strategy, while the broader markets and indexes suffered sharp declines. 
<h1 class="wp-block-heading">What Is Tail-Risk Hedging? </h1>
Tail risk refers to the risk of extreme events occurring at the far ends, or tails, of a probability distribution. Tail-risk hedging is an investment strategy that aims to protect portfolios from extreme market downturns and frequently use a combination of financial instruments and strategies.&nbsp;
It is common for a tail-risk hedging strategy to use put options, credit default swaps, Volatility index futures, U.S. Treasuries or a combination of any of the above.&nbsp;
Investors can find convenient exposure to a tail-risk hedge through the Cambria Tail Risk ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/TAIL#BATS">TAIL</a>) which holds a portfolio of out-of-the-money put options on the S&amp;P 500 Index, as well as U.S. Treasuries in order to mitigate risk. 
The ProShares Trust Ultra VIX Short-Term Futures ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/UVXY#BATS">UVXY</a>) provides 1.5x leveraged exposure to the daily performance of the S&amp;P 500 VIX Short-Term Futures Index and can also be part of a tail-risk hedging strategy.
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44310724/doge-cuts-to-ftc-sow-confusion-in-case-against-amazon">DOGE Cuts To FTC Sow Confusion In Case Against Amazon</a>&nbsp;</li>
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Photo: Shutterstock

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TAIL

UVXY

'Black Swan' Hedge Fund Posts 4,000% Profits During COVID-19 Market Crash: Here's How

Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) has outperformed the market over the past 20 years by 4.25% on an annualized basis producing an average annual return of 12.46%. Currently, Digital Realty Trust has a market capitalization of $51.12 billion. 
Buying $1000 In DLR: If an investor had bought $1000 of DLR stock 20 years ago, it would be worth $10,656.14 today based on a price of $151.85 for DLR at the time of writing.
<h3>Digital Realty Trust's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742251557_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have This Much Today

Discover Financial Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) shares are trading lower Monday as concerns over antitrust scrutiny weighed on the company&#8217;s proposed merger with <a href="https://www.benzinga.com/personal-finance/25/03/44353947/trumps-cfpb-overhaul-leaves-consumers-exposed-heres-what-it-means-for-your-money">Capital One Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>). </a>
What To Know: The drop followed reports the U.S. Department of Justice is reviewing the $35.3 billion all-stock acquisition over potential anti-competitive risks, particularly in the subprime lending sector.
According to<a href="https://za.investing.com/news/stock-market-news/discover-and-capital-one-stocks-tumble-amid-antitrust-concerns-93CH-3611620"> Investing.com</a>, Capital Forum reported that DOJ staff may oppose the deal, raising concerns that it could limit competition for subprime borrowers. 
A Bloomberg Intelligence analyst noted that while regulatory opposition does not necessarily mean the deal will be blocked, the DOJ's stance could create significant hurdles. 
Capital One defended the acquisition, stating the deal complies with the Bank Merger Act's legal requirements and remains well-positioned for approval.
The merger, if completed, would strengthen the companies&#8217; ability to compete against Mastercard, Visa and American Express. However, the heightened regulatory scrutiny has cast uncertainty over its approval, leading to a selloff in both stocks.
DFS Price Action: Discover Financial Services shares closed down 6.86% at $152.99 at publication Monday, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17165255/Screenshot-2025-03-17-at-16.52.33-1024x520.png" alt="" class="wp-image-828155" style="width:462px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17165255/Screenshot-2025-03-17-at-16.52.33-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17165255/Screenshot-2025-03-17-at-16.52.33-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17165255/Screenshot-2025-03-17-at-16.52.33-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17165255/Screenshot-2025-03-17-at-16.52.33-1536x780.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17165255/Screenshot-2025-03-17-at-16.52.33.png 1539w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo: Shutterstock.

Government

Legal

Movers

Discover Financial Services Shares Are Down Today: What's Going On?

A special purpose acquisition company connected to Global Client Advisory Group applied for a $175 million initial public offering with U.S. regulators, setting its sights on emerging technology sectors.
The SPAC, named Renatus Tactical Acquisition Corp I, aims to secure capital to pursue investment opportunities in the cryptocurrency, blockchain and data security industries, <a href="https://www.crowdfundinsider.com/2025/03/237448-crypto-focused-spac-rtac-i-files-for-175m-ipo/">according </a>to Crowdfund Insider.
The IPO, filed with the U.S. Securities and Exchange Commission, outlines plans to issue units that combine a Class A ordinary share with a half warrant, allowing future share purchases.
RTAC-I's strategy involves identifying high-growth U.S. companies in digital asset sectors and dual-use technologies. 
The company intends to harness GCAG's experience across media, financial services, and technology to spot promising acquisition targets.
The SPAC is chaired by Devin Nunes, CEO of Trump Media &amp; Technology Group, and led by Eric Swider, a TMTG director.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363340/crypto-leaders-step-up-pressure-on-sec-as-trumps-policies-reshape-regulatory-landscape">Crypto Leaders Step Up Pressure On SEC As Trump&#8217;s Policies Reshape Regulatory Landscape</a>
Both executives previously played roles in steering the merger between TMTG and Digital World Acquisition Corp, which resulted in TMTG's listing on the NASDAQ as DJT.
Swider also heads Renatus Advisors and Rubidex, a data security firm, while Nunes oversees platforms under TMTG, such as Truth Social and its associated streaming and fintech arms.
The offering will be managed by Clear Street LLC as underwriter. 
According to the filing, prospective investors can review the preliminary prospectus via the SEC's EDGAR system or contact Clear Street for details.
GCAG clarified that while the registration has been submitted, the IPO will only proceed following SEC approval. 
The company also stated it would provide no additional updates unless necessary.
Read Next: • <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44362342/will-bitcoin-go-up-if-donald-trump-eliminates-income-tax">Will Bitcoin Go Up If Donald Trump Eliminates Income Tax For Americans Making Less Than $150,000?</a>
Photo: Illustration by eamesBo

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

Cryptocurrency

IPOs

Global Client Advisory Group Affiliate Files For $175 Million IPO, Targeting Crypto, Digital Security Ventures

Elon Musk <a href="https://www.benzinga.com/personal-finance/25/02/43504134/elon-musks-mom-says-its-degrading-when-people-call-her-son-wealthy-or-a-billionaire-instead-she-prefers-the-genius-of-the-world">has been called a genius</a> so many times that it's practically part of his name at this point. But according to his second ex-wife—yes, the <a href="https://www.benzinga.com/news/25/02/43680809/elon-musks-ex-wife-whom-he-was-engaged-to-only-2-weeks-after-meeting-joked-he-invited-her-to-his-hotel-room-just-to-watch-rocket-videos">woman he married and divorced twice</a>—some of that mystique might just be a case of people misreading social cues.
In a resurfaced BBC clip from "The Elon Musk Show," <a href="https://www.tiktok.com/t/ZT2q5MNcd/">shared on TikTok</a>, Musk's second ex-wife, Talulah Riley, recalled a time when they were catapulted into high-profile social circles. The couple found themselves at elite events, rubbing shoulders with world leaders, including Bill Clinton. The assumption? Musk was always the smartest guy in the room. The reality? He was often just really bored.
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<h2 class="wp-block-heading">The ‘Genius' Assumption</h2>
Riley described how people at dinner parties would be in awe of Musk's quiet, distant demeanor. "I've had people say to me, ‘Oh, I met Elon and I could tell he was a genius because he seemed incredibly distracted and was clearly thinking great things,'" she recounted.
Knowing her husband so well, she would hear this and think, "Really?! No, he probably just didn't like you—or he was just bored."
<h2 class="wp-block-heading">The Awkward Truth About Musk's Social Battery</h2>
One of the most viral moments from the clip is Musk's own blunt take on his interactions with strangers. Riley recalled a dinner where Musk spelled it out:
"The great thing about being famous is that when you sit next to somebody you don't know at a dinner party, they think the bad conversation is their fault."
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
In other words, if the conversation fell flat, people assumed they weren't interesting enough to hold Musk's attention, rather than considering that he simply didn't want to engage.
And apparently, he wasn't afraid to be blunt about it in private. Riley shared that after some of these interactions, she would text Musk to tell him about the person she'd just met. His typical response: "Oh yeah, really boring."
<h2 class="wp-block-heading">Musk's Relatable Dislike for Small Talk</h2>
For a man who <a href="https://www.benzinga.com/personal-finance/24/09/40799246/elon-musks-ex-wife-and-mom-of-5-says-he-was-willing-to-give-up-his-fortune-for-space-goals-even-">regularly talks about colonizing Mars</a> and integrating AI with human brains, mundane dinner party chatter might just not cut it. And according to his ex-wife, people mistook his silence for deep contemplation rather than just a lack of interest in the topic.
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
Musk's reputation as a visionary entrepreneur is undeniable. But this paints a picture of someone who, despite his larger-than-life public image, still experiences the same social fatigue as the rest of us.
Is he an intellectual powerhouse lost in thought, or just a guy who hates forced conversations? According to Riley, the answer might be a little of both.
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<li>Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a></li>
<li>Dogecoin millionaires are increasing –<a href="https://www.benzinga.com/money/dogecoin-millionaires"> investors with $1M+ in DOGE revealed!</a></li>
</ul>

Elon Musk's Second Ex-Wife Says His Dinner Party Silence Made People Think He Was a Genius —But He Just Found The Conversation 'Really Boring'

Old Republic Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORI#NYSE">ORI</a>) has outperformed the market over the past 5 years by 2.94% on an annualized basis producing an average annual return of 22.85%. Currently, Old Republic Intl has a market capitalization of $9.31 billion. 
Buying $1000 In ORI: If an investor had bought $1000 of ORI stock 5 years ago, it would be worth $2,635.28 today based on a price of $37.50 for ORI at the time of writing.
<h3>Old Republic Intl's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742250608_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Old Republic Intl 5 Years Ago Would Be Worth Today

Lithium Argentina FY24 EPS $(0.09)

TRC's offer is currently scheduled to expire one minute after 11:59 p.m., New York City time, on March 24, 2025. TRC may extend the offer, or subject to the conditions of the offer, terminate it, before the expiration date.
The offer represents less than 0.01% of Microsoft's outstanding common stock.

MSFT

Microsoft Expresses No Opinion And Is Neutral On TRC's Mini-Tender Offer For Up To 300,000 Shares At $391.00 Per Share In Cash

VICI Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>) has outperformed the market over the past 5 years by 1.51% on an annualized basis producing an average annual return of 21.42%. Currently, VICI Props has a market capitalization of $34.32 billion. 
Buying $100 In VICI: If an investor had bought $100 of VICI stock 5 years ago, it would be worth $282.77 today based on a price of $32.49 for VICI at the time of writing.
<h3>VICI Props's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742249731_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VICI

$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

The re-election of Maxime Lombardini, Jules Niel, Pierre-Emmanuel Durand, María Teresa Arnal, Bruce Churchill, Blanca Treviño de Vega and Justine Dimovic as members of the Board., and election of Maxime Lombardini as Chair of the Board. Tomas Eliasson has decided not to seek re-election.

Management

TIGO

Millicom Nomination Committee Proposes Election Of Pierre-Alain Allemand As New Member Of Board

Buybacks

FINV

FinVolution Plans Repurchase Up To $150M Worth Of Its Shares During The Period From March 20, 2025 To March 19, 2027

The dividend is expected to be distributed on or around May 7, 2025 to shareholders of record as of the close of business on April 16, 2025.

Dividends

FinVolution Approves Cash Dividend Increase To $0.277 Per ADS, Which Represents Payout Ratio Of Approximately 21.5%

Each ADS of the Company represents five Class A ordinary shares of the Company.

Earnings

FinVolution Group Q4 Adj EPADS $0.38, Net Revenue $473.6M

Chinese equities are on track to deliver their strongest quarterly performance relative to the S&amp;P 500 in nearly 15 years, as investors rotate out of overvalued U.S. stocks into battered Chinese shares, betting on <a href="https://www.benzinga.com/topic/china">a policy-driven recovery.</a>
The iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) has surged 26.6% year-to-date through March 17 close, heading for its best quarterly performance since early 2009. Meanwhile, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is down 3.2% year-to-date, pushing Chinese stocks' relative outperformance to nearly 30%, the widest margin since mid-2007.
Value Partners Group expressed optimism about the Chinese equity market, stating in an email Monday that "the China A-share market is close to the bottom. Valuations are low, and so are market expectations, which means downside risk is limited." 
The firm anticipates an upward market trend in 2024, albeit with volatility due to uncertainties surrounding Trump-related tariffs, geopolitics and China's domestic policy focus on demand versus supply-side measures.
<h1 class="wp-block-heading">Chart: Chinese Stocks Outshine S&amp;P 500 In Best Quarter Since 2007</h1>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-1024x529.png" alt="" class="wp-image-828125" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140-1536x793.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/17162512/image-140.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h1 class="wp-block-heading">China's Policy Push To Stimulate Consumption</h1>
On Sunday, China&#8217;s State Council announced a &#8220;special action plan&#8221; to boost domestic consumption. The initiative includes policies aimed at raising incomes, expanding social safety nets, improving product quality and lifting purchase restrictions to spur spending.
Goldman Sachs' economist Yuting Yang acknowledged the direction of the stimulus but emphasized that "both funding and implementation matter for the effectiveness of China&#8217;s consumption stimulus." 
China has struggled with weak consumer confidence, exacerbated by a troubled real estate sector and sluggish labor demand. 
&#8220;Stabilizing property prices, improving labor demand and establishing a better social safety net are necessary to improve household income and facilitate a more sustainable consumption recovery,&#8221; Yang added.
<h1 class="wp-block-heading">Tech Giants Lead The Market Surge</h1>
Alibaba Group Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) soared 4.6% on Monday, extending its year-to-date rally to a staggering 74%. 
Meanwhile, Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) surged over 9% after unveiling Ernie X1, its latest AI model. The company claims Ernie X1 delivers performance comparable to DeepSeek's AI at half the cost, reinforcing China&#8217;s AI ambitions in the global tech race.
For now, the numbers tell a compelling story: Chinese equities are mounting an extraordinary comeback, outpacing U.S. stocks at a rate not seen since 2007. Whether this rally is a temporary repricing or the start of a longer-term trend depends on Beijing's ability to sustain economic growth and investor confidence.
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</ul>
Photo: Shutterstock

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