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Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

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Alibaba Group Holding Ltd

Artificial intelligence is moving fast, and according to researchers from Anthropic, an AI startup backed by Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos, it's about to upend white collar work around the world.&nbsp;
In a recent discussion on Dwarkesh Patel&#8217;s <a href="https://www.youtube.com/watch?v=64lXQP6cs5M">podcast</a>, Anthropic researchers Sholto Douglas and Trenton Bricken explored what they see as an almost inevitable future: widespread automation of desk jobs.
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<h2 class="wp-block-heading">Prepare For A World Where AI Replaces Office Work</h2>
Douglas said the transition may happen sooner than many expect. &#8220;There is this whole spectrum of crazy futures. But the one that I feel we&#8217;re almost guaranteed to get—this is a strong statement to make—is one where, at the very least, you get a <a href="https://www.benzinga.com/personal-finance/24/11/42166517/six-figure-job-market-faces-white-collar-recession-as-linkedin-reports-26-drop-in-engineering-roles">drop in white collar workers</a> at some point in the next five years,&#8221; he said. &#8220;I think it&#8217;s very likely in two, but it seems almost overdetermined in five.&#8221;
Bricken agreed, saying, &#8220;We should expect to see them automated within the next five years.&#8221; That kind of shift, Douglas added, &#8220;completely changes the world over the next decade.&#8221;
Even if progress in training algorithms slows down, the models that already exist are good enough to perform many white collar tasks, especially if they&#8217;re fed the right data. &#8220;Even if algorithmic progress stalls out, and we just never figure out how to keep progress going&#8230; the current suite of algorithms are sufficient to automate white collar work, provided you have enough of the right kinds of data,&#8221; Douglas said.
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They argued that it&#8217;s financially justifiable to automate office tasks, even if it means you need to &#8220;hand spoon&#8221; every single task to the model. The economic impact of automating or drastically reducing white collar jobs, they said, could be massive. And countries that don't prepare could be left behind.
<h2 class="wp-block-heading">Nations Need To Start Planning Now</h2>
Douglas summed it up this way: &#8220;Plan for the case where white collar work is automatable. And then consider, what does that mean for your economy? What should you be doing to prepare policy?&#8221;
Douglas warned that countries without highly advanced, large-scale AI models, also called &#8220;frontier models&#8221;—such as India, Nigeria or Australia—will have tough decisions to make. He advised governments to start <a href="https://www.benzinga.com/markets/equities/25/05/45599854/oracle-to-spend-40-billion-on-nvidia-gb200-chips-for-openais-texas-data-center-report">investing in compute infrastructure</a>, AI companies, and the broader tech ecosystem. &#8220;Compute becomes the most valuable resource in the world,&#8221; he said. &#8220;The GDP of your economy is dramatically affected by how much compute you can deploy.&#8221;
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<h2 class="wp-block-heading">Automation May Hit Desk Jobs First, Not Physical Labor</h2>
While robots still struggle with physical tasks like opening doors, AI is already capable of coding and performing many computer-based jobs. That could result in a strange future where machines do the thinking and humans handle the physical labor.
&#8220;The really scary future is one in which AIs can do everything except for the physical robotic tasks,&#8221; Bricken said. &#8220;In which case, you&#8217;ll have humans with AirPods, and glasses and there&#8217;ll be some robot overlord controlling the human through cameras by just telling it what to do.&#8221;
Douglas pointed out that this transitional phase could be a &#8220;pretty terrible decade.&#8221; If jobs are lost but scientific breakthroughs and <a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it">robotic deployment lag behind</a>, then improvements in daily life may stall. He said the result could be a period where people's main value is their ability to do physical tasks that AI cannot yet handle. People&#8217;s main comparative advantage in that case would be as &#8220;fantastic robots.&#8221; &#8220;That's a shocking, shocking world,&#8221; he said.
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Anthropic Researchers Warn Of A 'Pretty Terrible Decade' Where AI Outpaces Robotics And People's Main Benefit Is They're 'Fantastic Robots'

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">Meta Platforms Inc. </a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</a>.&nbsp;
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn&#8217;t a company usually associated with national security, but it is in the crosshairs of President&nbsp;Donald Trump, now an expert has <a target="_blank" href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" rel="noreferrer noopener">given his take on the situation</a>.
Entertainment
JioHotstar, the newly merged streaming platform from&nbsp;Walt Disney Co.&nbsp;and&nbsp;Mukesh Ambani&#8217;s Reliance, has added 230 million subscribers in just three months, bringing its total to 280 million, nearly matching&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45604822/disney-and-ambanis-jiohotstar-adds-230-million-subscribers-in-3-months-nears-netflixs-global-total-driven-by-crickets-unmatched-pull-in-india" rel="noreferrer noopener">300 million global users</a>.
Technology
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang's&nbsp;rejection of&nbsp;PowerPoint&nbsp;presentations isn&#8217;t a quirky habit—it&#8217;s part of a broader trend among some of the most successful tech leaders who believe slide <a target="_blank" href="https://www.benzinga.com/media/25/05/45614590/jensen-huang-isnt-a-powerpoint-fan-neither-are-jeff-bezos-and-elon-musk-why-slide-decks-dont-cut-it-for-todays-tech-leaders" rel="noreferrer noopener">decks are a barrier to real thinking</a>.
Nvidia CEO&nbsp;Jensen Huang&nbsp;said that he believes&nbsp;Tesla&#8217;s&nbsp;Optimus&nbsp;humanoid robot&nbsp;could be the first to reach mass adoption and trigger <a target="_blank" href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" rel="noreferrer noopener">a multi-trillion-dollar industry</a>.
Alphabet&#8217;s&nbsp;CEO&nbsp;Sundar Pichai&nbsp;has firmly rejected the notion that anyone at&nbsp;Google&nbsp;can manually alter search rankings, even in response to <a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">Donald Trump&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">&nbsp;complaints</a>.
Years after&nbsp;a controversial split,&nbsp;Mark Zuckerberg&#8217;s Meta Platforms&nbsp;and&nbsp;Palmer Luckey&nbsp;are teaming up again—this time to equip U.S. soldiers <a target="_blank" href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones" rel="noreferrer noopener">with next-gen combat headsets</a>.
Smartphones
Apple CEO&nbsp;Tim Cook has found himself at the receiving end of President&nbsp;Donald Trump‘s criticism, marking a stark contrast to their previously warm relationship, but reports suggest iPhone production in <a target="_blank" href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" rel="noreferrer noopener">India is not the only reason</a>.
A fresh wave of tariff threats is hanging over&nbsp;Apple, but JPMorgan&#8217;s Samik Chatterjee isn&#8217;t downgrading Apple stock. In fact, he&#8217;s sticking to an Overweight rating, calling&nbsp;the company &#8220;well positioned&#8221;&nbsp;t<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst" rel="noreferrer noopener">o weather the cost shock</a>.
Apple&nbsp;supplier&nbsp;Foxconn&nbsp;is set to announce a partnership with a second Japanese auto manufacturer as the Taiwanese <a target="_blank" href="https://www.benzinga.com/25/05/45667851/apple-supplier-foxconn-set-to-announce-second-japanese-auto-partner-as-it-turns-to-evs" rel="noreferrer noopener">manufacturer turns towards EVs</a>.
A new leak from a&nbsp;Weibo&nbsp;tipster,&nbsp;Digital Chat Station, suggests that&nbsp;Apple is working on a significant camera upgrade for a future&nbsp;iPhone&nbsp;model — <a target="_blank" href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung" rel="noreferrer noopener">a 200-megapixel sensor</a>.
Apple is reportedly preparing to rebrand its software platforms by introducing <a target="_blank" href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look" rel="noreferrer noopener">a year-based naming system</a>.
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Automobiles/Spacecraft
Regulators from China&#8217;s commerce ministry are set to meet with executives from several Chinese automakers, including EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), to discuss the<a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report" rel="noreferrer noopener"> surge in zero-mile used car sales</a>.
One of the major dealers of Chinese EV giant&nbsp;BYD has reportedly shut down its operations across multiple cities in China as the company <a target="_blank" href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report" rel="noreferrer noopener">expands into the European market</a>.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO&nbsp;Elon Musk&nbsp;said that the company&#8217;s Starship rocket, a crucial element in the billionaire&#8217;s plans to set up a colony on Mars, can <a target="_blank" href="https://www.benzinga.com/25/05/45612033/elon-musk-touts-spacexs-starship-rocket-ahead-of-launch-says-it-can-reach-mars-in-six-months" rel="noreferrer noopener">reach the red planet in 6 months</a>.
Elon Musk&#8216;s EV giant recorded over 11,000 new insured registrations in the Chinese market for the week ending May 25, according to a post on social media platform X on Tuesday by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Future Fund LLC</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Gary Black</a>.
Tesla sales fell 49% YoY in Europe for April as&nbsp;Elon Musk&#8216;s EV giant continues to <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market" rel="noreferrer noopener">grapple with global challenges</a>.
Tesla rival&nbsp;Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) will release two new SUVs this year and could also release the company&#8217;s first-ever sedan, provided the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan" rel="noreferrer noopener">market conditions are favorable</a>.
Tesla will launch its Robotaxi service in Austin on June 12, with CEO&nbsp;Elon Musk&nbsp;confirming that the company is <a target="_blank" href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule" rel="noreferrer noopener">currently testing the Model Y</a>.
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO&nbsp;RJ Scaringe&nbsp;has shared a sneak peek of the upcoming Rivian R2&#8217;s rear suspension, <a target="_blank" href="https://www.benzinga.com/25/05/45642153/rivian-ceo-rj-scaringe-touts-45000-rivian-r2s-updated-rear-suspension-cant-wait-for-folks" rel="noreferrer noopener">ahead of the planned 2026 launch</a>.
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Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of brands like&nbsp;Dodge&nbsp;and&nbsp;Jeep, has appointed&nbsp;Antonio Filosa&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">as the new chief executive officer</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its <a target="_blank" href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share" rel="noreferrer noopener">SUVs and Full-Size Trucks</a>.
Artificial Intelligence
Some news headlines and social media chatter have stirred excitement—and confusion—over whether all UAE residents now get free access to&nbsp;ChatGPT Plus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">as part of</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;latest expansion</a>.
On Wednesday, the legal battle between&nbsp;OpenAI&nbsp;and&nbsp;Elon Musk&nbsp;escalated as the&nbsp;ChatGPT&nbsp;maker urged a judge to allow its countersuit to proceed, accusing the billionaire of <a target="_blank" href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt" rel="noreferrer noopener">fraud and media manipulation</a>.
Chinese AI startup&nbsp;DeepSeek, which triggered a&nbsp;$600 billion drop&nbsp;in&nbsp;Nvidia Corporation&#8217;s&nbsp;market value with the release of its&nbsp;R1&nbsp;model in January, has quietly launched an updated version <a target="_blank" href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini" rel="noreferrer noopener">of its reasoning model</a>.
Kevin O&#8217;Leary&nbsp;is on a mission to make AI fluency essential for business leaders—and he&#8217;s hiring <a target="_blank" href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity" rel="noreferrer noopener">trainers to make it happen</a>.
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Consumer Tech News (May 26-May 30): Germany May Impose 10% Online Platform Tax, Tesla's European Sales Slump & More

Former Alphabet Inc. CEO Eric Schmidt told an audience at Miami Beach's Faena Forum that worries about employee push-back on artificial-intelligence roll-outs are overblown because AI will &#8220;solve the problems that humans ask for.&#8221;
What Happened: Schmidt was responding to a Ph.D. researcher who mentioned that 75% of digital-transformation projects stall when workers resist new tools. Schmidt argued that today's high failure rate for corporate tech projects reflects buggy "poor-quality" software and not human resistance.
He predicted that the next wave of generative AI systems, trained on hard business goals such as customer satisfaction and profits, will fix that.
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See also: <a href="https://www.benzinga.com/tech/25/05/45661246/warren-buffett-loves-sees-candies-but-even-he-cant-get-the-brand-to-succeed-nationwide-heres-why">Warren Buffett Has Discovered There&#8217;s No Accounting For Tastes Through Berkshire&#8217;s Candy Company: &#8216;There Are All Kinds Of Crazy Things In The World That Consumers Do&#8217;</a>
He urged the questioner to test the hypothesis in his dissertation: "Can you imagine a situation where the software works right?" If AI models are tuned to clear, quantifiable objectives, Schmidt said, businesses will finally get tech that does precisely what it promises.
McKinsey, BCG and Forbes studies put the share of digital initiatives that miss their goals at roughly 80%. Employee acceptance is the Achilles' heel. One 2024 survey by RiseNow found 75–95% fail because staff won't use the new tools.
Why It Matters: Schmidt's Miami remarks expand on his more recent <a href="https://www.ted.com/talks/eric_schmidt_the_ai_revolution_is_underhyped?language=en">warning</a> at TED 2025 that workers who ignore AI "won't be relevant" and his estimate that agentic AI could lift productivity by 30% a year — a surge he explains "economists have no models for."
He also cautioned that AI will <a href="https://www.benzinga.com/25/05/45604065/former-google-boss-eric-schmidt-says-ai-will-only-exacerbate-the-blurred-lines-between-online-perception-and-reality">deepen confusion</a> between online and offline realities, echoing comments he made in the same Faena Forum session about blurred perception.
As far as predictions go, the former Google boss has a knack for getting his tech predictions for the near future right. Schmidt, in 2016, <a href="https://www.benzinga.com/25/05/45379222/former-google-ceo-eric-schmidt-in-2016-outlined-a-playbook-predicting-chatgpts-rise-and-a-new-age-of-100-billion-ai-giants">rightly predicted the playbook</a> for a company like OpenAI to rise to the fore soon. Before that, he&#8217;d similarly predicted the rise of service-based apps like Uber.
It is worth mentioning that Alphabet has earned a growth score of 88.56% according to&nbsp;Benzinga Edge Stock&nbsp;Rankings.&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here to compare it with other companies</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 loading="lazy" decoding="async" width="726" height="98" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29104100/goog-edge.png" alt="" class="wp-image-931735" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29104100/goog-edge.png 726w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29104100/goog-edge-300x40.png 300w" sizes="(max-width: 726px) 100vw, 726px" /></a></figure>
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
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Tech

Eric Schmidt Says AI Won't Face Roadblocks Most New Tech Encounter, Ex-Google CEO Explains Why

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has experienced a turbulent year, with its stock value decreasing by 20% since the start of the year. Despite this, some market experts are suggesting that this could be an ideal chance for long-term investors to purchase shares at a lower price.
What Happened: Apple&#8217;s stock performance has been the poorest among the Magnificent Seven stocks in 2025. The tech behemoth&#8217;s downturn is linked to external factors such as the ongoing trade war and tariff uncertainties.
Senior equity strategist at CFRA Research, Angelo Zino, <a href="https://www.businessinsider.com/apple-stock-price-outlook-aapl-mag-7-buy-the-dip-2025-5">told</a> Insider that Apple&#8217;s extensive manufacturing presence in China makes it susceptible to tariff-related impacts. However, he perceives the stock&#8217;s drop as a potential investment opportunity, considering the company&#8217;s robust pricing and brand reputation.
James Demmert, Chief Investment Officer at Main Street Research, shares this view, stating,&nbsp;&#8220;We think all of the&nbsp;bad news is in the&nbsp;current price of shares.&#8221;
Also Read: <a href="https://www.benzinga.com/tech/25/05/45338324/apples-2027-vision-foldable-iphones-smart-glasses-and-ai-innovations">Apple&#8217;s 2027 Vision: Foldable iPhones, Smart Glasses, And AI Innovations</a>
Despite the persisting trade war and regulatory challenges in China, both Goldman Sachs and UBS have shown confidence in Apple&#8217;s future. Goldman Sachs continues to hold&nbsp;a &#8220;buy&#8221; rating for the&nbsp;stock with&nbsp;a 12-month price target of&nbsp;$253, while UBS maintains a &#8220;neutral&#8221; rating and a $210 price target.
However, not all analysts are as optimistic. James Cakmak, Chief Investment Officer at Clockwise Capital, disclosed that the firm has withdrawn&nbsp;its position in Apple stock, citing tariff risks as the primary reason.
Why It Matters: The fluctuating performance of Apple&#8217;s stock and the differing opinions of market experts highlight the dynamic nature of the stock market. 
While some see the dip as a potential investment opportunity, others are more cautious due to external factors such as tariff risks. 
This situation underscores the importance of careful analysis and strategic decision-making for investors in the ever-changing market landscape.
Read Next
<a href="https://www.benzinga.com/tech/25/04/45029758/apples-ai-team-undergoes-major-restructuring-amidst-performance-concerns" target="_blank" rel="noreferrer noopener">Apple's AI Team Undergoes Major Restructuring Amidst Performance Concerns</a>
Image: Shutterstock/Prathmesh T

Markets

Apple Stock Lags Behind Peers — Here's What Wall Street Says About the Dip

It's not every day someone casually accuses a former Speaker of the House of defying both math and mortality — but then again, <a href="https://www.benzinga.com/25/05/45516211/grant-cardones-two-most-hated-on-opinions-most-people-should-not-go-to-college-and-a-house-is-a-terrible-investment">Grant Cardone isn't known for pulling punches</a>.
In an <a href="https://youtu.be/-N5ivvV2_Cc?si=rfI64j7wJVC4NikL">interview last year with DJ Vlad</a>, Cardone took aim at Nancy Pelosi's reported wealth, questioning how a public servant making $179,000 a year could be worth $120 million. "You can't do the math on it," he said flatly. "She would have to be 33,000 years old or something." After revising, he settled on a more "reasonable" estimate: "She would have to be on Earth 3,300 years," he said, in order to turn her salary into the fortune she's reported to have.
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Cardone didn't stop there. Factoring in taxes and cost of living, he added, "She's probably paying 50% in taxes… So she's making $89,000 a year, bro. She's worth $120 million minimum. She would have to be 1,500 years old if she never spent one penny."
The math may have been delivered with a smirk, but the underlying message wasn't a joke: "If you make $179,000 a year, you will never be a millionaire — much less worth $120 million." He went on to call out both parties for profiting off insider knowledge, saying, "There's a whole bunch of them… Republicans and Democrats."
His proposed solution? Cut Congressional salaries to the median American wage and ban trading altogether: "If you're in Congress or Senate… you cannot insider trade. Period. In fact, you cannot trade at all."
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At the time of the interview, Pelosi's net worth was estimated around $120 million — but today, it's significantly higher. As of early 2025, Pelosi's net worth is estimated to be between $246.8 million and $259 million, <a href="https://www.quiverquant.com/congresstrading/politician/Nancy%20Pelosi-P000197/net-worth">according to Quiver Quantitative</a>. That's more than double what Cardone was reacting to just a year ago.
Much of the wealth is tied to savvy and controversial investments in tech stocks and real estate, largely managed by her husband, Paul Pelosi. While there's no direct evidence of insider trading, public skepticism has remained high — and the numbers haven't exactly helped.
Cardone may have been using hyperbole when he joked that Pelosi would need to be 3,300 years old to earn her wealth. But if the <a href="https://www.benzinga.com/money/are-you-rich">trajectory of her portfolio</a> is any indication, she's aging just fine — and so is her net worth.
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Image: Shutterstock

Personal Finance

Grant Cardone Says Nancy Pelosi's $120 Million Net Worth Defies Life And Math — 'She'd Need To Be 33,000 Years Old' On A $179,000 Salary

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shares jumped 25.45%. Japan&#8217;s Nippon Steel is set to finalize its acquisition of the company at $55 per share, according to <a href="https://www.benzinga.com//node/45622810" target="_blank" rel="noreferrer noopener">sources familiar with the matter</a>.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) shares escalated 19.30% after Jefferies analyst Brent Thill upgraded the company from Hold to Buy and raised <a href="https://www.benzinga.com/quote/u/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $22 to $29</a>.</li>
<li>Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) shares rose 18.75% after multiple analysts raised their price forecasts on the stock. The company <a href="https://www.benzinga.com//node/45677373" target="_blank" rel="noreferrer noopener">recently raised its FY26 guidance</a>.</li>
<li>BWX Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>) shares upped 16.71% as President Donald Trump signed a suite of executive orders to <a href="https://www.benzinga.com//node/45654523" target="_blank" rel="noreferrer noopener">revive the U.S. nuclear industry</a>.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) shares increased 14.88% after the company reported better-than-expected first-quarter earnings and analysts <a href="https://www.benzinga.com//node/45695903" target="_blank" rel="noreferrer noopener">raised the price forecast on the stock</a>.</li>
<li>Reddit, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock increased 14.27% after it was named among the <a href="https://www.benzinga.com//node/45679678" target="_blank" rel="noreferrer noopener">additions to the Russell 3000 index</a>.</li>
<li>Hologic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NASDAQ">HOLX</a>) stock grew 14.12% after private equity firms TPG and Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) recently bid to acquire the company, <a href="https://www.benzinga.com//node/45629538" target="_blank" rel="noreferrer noopener">valuing it at over $16 billion</a>.</li>
<li>Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) stock upped 13.12%, possibly amid overall market strength after President Trump delayed 50% EU tariffs to July.</li>
<li>Heico Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) shares were up 12.19% after the company reported <a href="https://www.benzinga.com//node/45630872" target="_blank" rel="noreferrer noopener">better-than-expected financial results</a>.</li>
<li>Applovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock gained 11.82% last week. It continued upward momentum following <a href="https://www.benzinga.com//node/45543602" target="_blank" rel="noreferrer noopener">strong Q1 earnings</a> and tariff <a href="https://www.benzinga.com//node/45655193" target="_blank" rel="noreferrer noopener">truce tailwinds</a>.</li>
</ol>
Photo via Shutterstock

Large Cap

Movers

BWXT

HOLX

INTU

RDDT

ULTA

VEEV

United States Steel, Applovin And Ulta Beauty Are Among Top Large-Cap Gainers Last Week (May 26-May 30): Are The Others In Your Portfolio?

Elon Musk <a href="https://x.com/elonmusk/status/1926660721598681220">posted on X</a> on Sunday a segment from a year-old Yahoo Finance <a href="https://www.youtube.com/watch?v=ER7iqeYx9HU">interview</a> with Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang.&nbsp;
The conversation touched on many interesting points, but the reason Musk posted it is because of Huang's take on self-driving cars that stood out.&nbsp;
<h2 class="wp-block-heading">Huang: Autonomous Driving Is the Future</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/DryiuFJDof">pic.twitter.com/DryiuFJDof</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1926660721598681220?ref_src=twsrc%5Etfw">May 25, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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<a href="https://www.benzinga.com/news/24/05/38979880/thanks-jensen-elon-musk-reacts-to-nvidia-ceos-praise-of-teslas-full-self-driving-technology">Huang called Tesla</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) &#8220;far ahead in self-driving cars&#8221; and predicted that every automaker will need to follow suit. &#8220;Every single car someday will have to have autonomous capability,&#8221; Huang said. &#8220;It's safer, it's more convenient, it's more fun to drive.&#8221;
He explained that training self-driving systems is evolving. Instead of using labeled images, companies now feed raw video into AI models. &#8220;Now we just put video right into the car and let the car figure it out by itself,&#8221; he said. This shift mimics how large language models are trained and signals a move toward AIs that better understand the physical world.
Huang praised Tesla&#8217;s use of end-to-end generative AI in its Full Self-Driving system. &#8220;It learns from watching video, surround video, and it learns about how to drive end-to-end,&#8221; he said. &#8220;It's really revolutionary.&#8221;
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<h2 class="wp-block-heading">Massive Computing Demands Ahead</h2>
Video-based AI requires enormous data and processing power, and Huang made clear that Nvidia is ready. &#8220;The best way to teach these AIs how the physical world behaves is through video—just watching tons and tons and tons of videos,&#8221; he said.
Beyond Tesla, Huang cited growing interest from other automakers and industries. He said biotech companies are <a href="https://www.benzinga.com/news/25/05/45602697/abu-dhabi-backed-g42-and-igenius-team-up-to-build-europes-most-powerful-ai-supercomputer-using-nvidia-chips-in-italy">building AI supercomputers</a> to generate molecules for drug discovery, and that even cloud providers are being outpaced by new sectors jumping into generative AI.
&#8220;We now have a software and AI model that can understand and learn almost any language—the language of English, of images, of video, of chemicals, of protein, even physics,&#8221; Huang said. &#8220;And to be able to generate almost anything.&#8221;
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<h2 class="wp-block-heading">Skepticism Around Tesla's Robotaxi Plans</h2>
While Huang praised Tesla's approach, not everyone in the financial world is fully on board with its near-term autonomous driving ambitions. Future Fund LLC Managing Director Gary Black recently <a href="https://www.benzinga.com/25/05/45582499/gary-black-slams-teslas-unsupervised-autonomous-driving-ahead-of-austin-robotaxi-launch-i-have-warned">voiced concern</a> about investor expectations tied to Tesla's Robotaxi rollout.
&#8220;I have warned $TSLA investors numerous times not to get too far ahead of themselves on unsupervised autonomy, including again yesterday,&#8221; Black <a href="https://x.com/garyblack00/status/1925509531397677313">wrote on X</a> on May 22.
He expects the term &#8220;supervised autonomy&#8221; to become more common as Tesla moves closer to launching its ride-hailing Robotaxi service in Austin, Texas. &#8220;Which is a far cry from unsupervised autonomy that supports many investors&#8217; robotaxi valuation models,&#8221; he added.
CEO Elon Musk has said Tesla plans to <a href="https://www.benzinga.com/25/05/45529030/elon-musk-confirms-tesla-robotaxi-launch-is-on-track-for-next-month-these-things-happen-slowly-but-then-all-at-once">launch the Robotaxis by the end of June</a>, starting with over 10 vehicles. He also noted the company would be &#8220;very careful&#8221; with the first introduction of unsupervised full self-driving.
Musk also dismissed the idea of working with ride-hailing company Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), hinting instead at a proprietary Tesla platform where owners could add or remove their vehicles from the fleet.
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UBER

Jensen Huang Praised Tesla, Said Every Car Will Need Autonomous Capability—'It's Safer, It's More Convenient, It's 'More Fun To Drive'

Anthony Scaramucci,&nbsp;the founder of SkyBridge Capital, shared his journey into the world of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) that started during his brief stint at the White House. His interest in cryptocurrency has since led him to become a significant player in the digital currency space.
What Happened: Scaramucci&#8217;s second encounter with Bitcoin happened in the Roosevelt Room of the White House in 2017. The meeting, attended by then-Treasury Secretary Steve Mnuchin and officials from The Federal Reserve, revolved around cryptocurrency research and was a pivotal moment in sparking Scaramucci&#8217;s interest in Bitcoin and blockchain technology.
After his departure from the White House, Scaramucci delved deeper into digital currency research, eventually becoming a crypto investor through his hedge fund. His publication, The Little Book of Bitcoin, shares stories about people&#8217;s journey to cryptocurrency, reflecting his belief that most people who explore Bitcoin end up believing in it.
As per the Fortune, the book has been well-received, earning praise from Strategy chairman Michael Saylor, despite initial disagreements about investment allocation recommendations.&nbsp;
According to Scaramucci, he approached Saylor to pen the foreword for his book. After reading the manuscript, Saylor called him—while sailing on his yacht—to say he was impressed overall, but strongly disagreed with the final chapter. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378636/scaramucci-bitcoin-is-a-volatile-asset-but-ready-for-prime-time-institutional-investing">Scaramucci: Bitcoin Is a Volatile Asset, But &#8216;Ready for Prime Time Institutional Investing&#8217;</a>
Saylor questioned why Scaramucci would advocate for Bitcoin with such strong conviction yet suggest only a modest investment. 
Saylor told him, "You just got done telling me this is the greatest investment" but you only recommend a 2% allocation, Scaramucci said. That feedback led Scaramucci to revise the book's conclusion.
While Scaramucci has found success in his crypto investments, he has made it clear that he has no political ambitions. He expressed hope for a resolution to the political impasse and the ongoing tariff issues with Canada.
Why It Matters: Scaramucci&#8217;s journey from the White House to becoming a crypto investor highlights the growing interest and acceptance of cryptocurrencies among traditional finance professionals. 
His story, as told in his book, could inspire more people to explore and invest in digital currencies, potentially driving further growth in the cryptocurrency market.
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Image: Shutterstock/Al Teich

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

Cryptocurrency

$BTC

Michael Saylor Called Scaramucci From a Yacht and It Changed the Ending of His Book

Hollywood actors are often seen as financially set for life, with little reason to seek extra income elsewhere. But acclaimed American actor Josh Brolin revealed in an interview that he turned to stock trading to make ends meet during a difficult stretch in his Hollywood career.
<h2 class="wp-block-heading">‘I Just Wasn't Making Money'</h2>
Speaking with podcaster and journalist <a href="https://www.youtube.com/watch?v=aomL_083OWA">Guy Raz</a> a few months ago, Brolin said he began stock investing to support his family during a time when his acting career hadn't taken off and he wasn't "cutting it."
&nbsp;"I had children going to school and I just wasn&#8217;t making money, man," Brolin said. "If you&#8217;re lucky enough to make 100,000 a year, which I wasn&#8217;t, then you&#8217;re clearing 30,000 after taxes and commissions and if you have a lawyer and you have a manager and an agent and all this stuff that I had back then."
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Brolin said he started taking interest in stocks after meeting entrepreneur and investor Brett Markinson, who introduced him to the technical details and dynamics of trading. Brolin started asking him everything about investing to understand the finer details of the industry. Later, Brolin's role in "Wall Street: Money Never Sleeps" gave him access to market experts and billionaires, with whom he discussed finance, discipline, and other key aspects of investing, he said. All of this proved worthwhile for Brolin, who said he earned more from investing than from his acting career.
"I made more money than I had ever made acting for sure," Brolin told Raz. "It wasn&#8217;t just because I got lucky with one stock that went to the roof, I was very disciplined in the breaths of upward momentum, you know, fairly solid stocks. So I&#8217;d get it when it would go down, I&#8217;d sell it when it would go up."
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<h2 class="wp-block-heading">From Day Trading to Long-Term Investing</h2>
Brolin said that he is a long-term investor now because day trading requires a tight schedule and a disciplined routine.
"If you do that, you have to be up at 4:30 every morning and you have to know your basket and you have done your due diligence for what you&#8217;re trading for that day and the night before," according to Brolin.
<h2 class="wp-block-heading">‘I Knew I Could Figure Financials Out'</h2>
Brolin said he'd accepted early on that he'd spend his career as a working actor, constantly seeking roles to support himself. But he was also confident from the beginning that he&#8217;d always be able to handle his finances and provide for his family.
"I knew that I could figure financials out, I knew that I could support myself, not just through acting. I didn&#8217;t do TV for 20 years, so again, for somebody who needs to provide for their family, there was still some version of integrity," he said.
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Hollywood Star Josh Brolin Says He Made More Money Trading Stocks Than Acting Due to Discipline And 1 Stock That Went 'to the Roof'

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>Summit Therapeutics Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>) stock declined 29.32% after the company announced topline results <a href="https://www.benzinga.com//node/45693375" target="_blank" rel="noreferrer noopener">from its Phase 3 HARMONi trial</a>.</li>
<li>Temu parent PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares tumbled 19.44%  after President Trump said China had violated its agreement with the U.S. Additionally, a federal appeals court on Thursday temporarily reinstated most of<a href="https://www.benzinga.com//node/45696218" target="_blank" rel="noreferrer noopener"> the tariffs imposed by Trump</a>.</li>
<li>Regeneron Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) shares fell 17.86% after the company and Sanofi said the AERIFY-1 study met its primary endpoint, <a href="https://www.benzinga.com//node/45692578" target="_blank" rel="noreferrer noopener">but the AERIFY-2 study did not</a>.</li>
<li>Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) dipped 17.72% after Barclays maintained an Equal-Weight rating on the stock and lowered its <a href="https://www.benzinga.com//node/45657176" target="_blank" rel="noreferrer noopener">price forecast from $140 to $120</a>.</li>
<li>Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) stock declined 16.74% after the company reported first-quarter financial results and provided cautious forward-looking commentary. Multiple analysts also lowered<a href="https://www.benzinga.com//node/45651210" target="_blank" rel="noreferrer noopener"> price forecasts following the report</a>.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares were down 16.31%, possibly amid overall market strength, after President Trump had delayed 50% EU tariffs until July.</li>
<li>Copart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) dipped 15.13% last week. The stock continued its decline after reporting a <a href="https://www.benzinga.com//node/45574729" target="_blank" rel="noreferrer noopener">third-quarter revenue miss</a>.</li>
<li>The Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>) shares decreased 13.90% despite a <a href="https://www.benzinga.com//node/45681308" target="_blank" rel="noreferrer noopener">second-quarter earnings beat</a>. JP Morgan downgraded the stock from Overweight to Neutral and lowered its price forecast from <a href="https://www.benzinga.com/quote/coo/analyst-ratings" target="_blank" rel="noreferrer noopener">$110 to $76</a>.</li>
<li>Texas Pacific Land Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) stock fell 12.89%.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) stock was down 12.63% after it reported mixed second-quarter earnings and cut its outlook. Additionally, several firms cut their respective <a href="https://www.benzinga.com//node/45698612" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
<li>Burlington Stores, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) stock declined 11.90% after its <a href="https://www.benzinga.com//node/45674314" target="_blank" rel="noreferrer noopener">first-quarter results</a>. Additionally, several firms revised their respective <a href="https://www.benzinga.com/quote/burl/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
</ol>
Image Via Shutterstock

BURL

CPRT

DECK

OKTA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

REGN

SMMT

Temu Parent PDD, Regeneron Pharmaceutical And Burlington Stores Are Among Top 11 Large-Cap Losers Last Week (May 26-May 30): Are The Others In Your Portfolio?

The past week has been a rollercoaster ride for the EV industry, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) making headlines. From Tesla&#8217;s Cybertrucks being added to the Mexican police fleet for the 2026 FIFA World Cup to Chinese regulators meeting with BYD to discuss &#8216;Zero Mile&#8217; used cars, there&#8217;s a lot to catch up on. Let&#8217;s dive in.
Tesla Cybertrucks Join Mexican Police Fleet For 2026 FIFA World Cup
Despite a dip in consumer demand, Tesla&#8217;s Cybertrucks have found a new customer &#8211; the Mexican police. The bulletproof durability of these vehicles makes them an attractive choice for law enforcement, especially with the 2026 FIFA World Cup on the horizon.
<a href="https://www.benzinga.com/general/sports/25/05/45634051/tesla-cybertruck-demand-slides-but-mexican-police-fleet-buying-for-2026-fifa-world-cup">Read the full article here.</a>
Chinese Regulators Discuss &#8216;Zero Mile&#8217; Used Cars with BYD
China&#8217;s commerce ministry regulators are set to meet with executives from several Chinese automakers, including EV giant BYD, to discuss the surge in zero-mile used car sales. These are cars that have been registered but never driven, and over 4000 vendors sell these cars domestically in China.
<a href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/topics/25/05/45708861/trump-demands-automakers-including-tesla-build-entirely-in-the-us" target="_blank" rel="noreferrer noopener">Trump Demands Automakers, Including Tesla, Build Entirely In The US</a>
Tesla Board Members Sell Shares Ahead Of Robotaxi Launch
Two board members of Tesla have sold nearly $200 million in stock ahead of the company&#8217;s highly anticipated robotaxi launch in Texas. This adds to a history of board members cashing out and could be a red flag ahead of this key potential stock catalyst.
<a href="https://www.benzinga.com/news/insider-trades/25/05/45651670/tesla-insider-sales-increase-ahead-of-robotaxi-launch-kimbal-musk-ira-ehrenpreis-sell-190m">Read the full article here.</a>
Tesla&#8217;s European Sales Dip By 49%
Tesla&#8217;s sales in Europe fell by 49% YoY in April, as the company continues to face global challenges. The company sold 7,261 units in Europe for April, almost half of the 14,228 units it sold last year during the same time.
<a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">Read the full article here.</a>
Major BYD Dealer Shuts Down Operations In China
As BYD expands into the European market, one of its major dealers in China&#8217;s eastern Shandong province has reportedly shut down its operations across multiple cities. This has affected over 1,000 customers with warranty and after-sales service-related issues.
<a href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight">Tesla Rival BYD&#8217;s Hungary Facility Takes Shape, Poised To Produce 200,000 EVs Annually: Report</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

BYDDY

Cybertrucks For FIFA 2026, Chinese Regulators Meet BYD, Tesla's European Troubles, And More: This Week In Mobility

Russian authorities have been accused of concocting a story about an attack on President&nbsp;Vladimir Putin&#8216;s helicopter&nbsp;during his visit to the&nbsp;Kursk region.
What Happened: According to a report, Russian officials had reported an assault on Putin&#8217;s helicopter by Ukrainian drones while he was in the border region. However, The Moscow Times, quoting both&nbsp;current and former Russian officials,&nbsp;suggested that this account may have been a deception by the authorities to persuade&nbsp;the public that Putin was&nbsp;sharing in the same hardships as the average citizen.
The Russian Defense Ministry had previously announced that the helicopter was the target of a large-scale Ukrainian drone attack. 
Yet The Moscow Times proposed that this announcement was merely a &#8220;PR stunt&#8221; designed to portray Putin as sharing in the struggles of ordinary Russians amid the ongoing drone conflict.
As per the report <a href="https://www.themoscowtimes.com/2025/05/30/hero-under-fire-as-putin-visited-kursk-the-kremlin-told-russians-that-he-was-dodging-ukrainian-drones-a89276">by</a> The Moscow Times, officials, who chose to remain anonymous, assured the outlet that Putin&#8217;s safety was guaranteed at the highest level, with hundreds of officers from the Presidential Security Service, the FSB, the National Guard, and the Interior Ministry forming his security detail.
Also Read: <a href="https://www.benzinga.com/tech/25/05/45186088/putin-ally-who-unveiled-tesla-cybertruck-with-machine-gun-now-says-elon-musk-remotely-disabled-the-militarized-ev">Putin Ally Who Unveiled Tesla Cybertruck With Machine Gun Now Says Elon Musk &#8216;Remotely Disabled&#8217; The Militarized EV</a>
The&nbsp;Center for Strategic Communications and&nbsp;Information Security in Ukraine refuted the claims that Putin&#8217;s helicopter was attacked by Ukrainians. 
In addition,&nbsp;the Institute for the Study&nbsp;of War noted that, contrary to Moscow&#8217;s assertions, combat continues with Russian forces not making progress in their offensive operations.
Why It Matters: The alleged fabrication of the attack on Putin&#8217;s helicopter underscores the tense relations between Russia and Ukraine, and the lengths to which authorities may go to manipulate public perception. 
This incident, if indeed a fabrication, could further strain relations between the two countries and potentially escalate the ongoing conflict. 
It also raises questions about the transparency and credibility of information released by the Russian authorities.
Read Next
<a href="https://www.benzinga.com/news/23/10/35136372/dark-conversation-at-karaoke-bar-leads-russian-authorities-to-investigate-alleged-plot-to-assassinat">Dark Conversation At Karaoke Bar Leads Russian Authorities To Investigate Alleged Plot To Assassinate Putin</a>
Image: Shutterstock/miss.cabul

Russia Accused of Faking Attack on Putin's Helicopter

Astronauts Sunita Williams and Butch Wilmore have shared the harrowing details of their nearly 10-month stay aboard the International Space Station, revealing they were unsure at one point whether they&#8217;d be <a href="https://www.benzinga.com/general/space/25/03/44370917/nasa-astronauts-sunita-williams-and-butch-willmore-head-back-to-earth-on-spacex-dragon-capsule" target="_blank" rel="noreferrer noopener">able to return to Earth safely.</a>
The two astronauts, part of the first crewed test of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) &#8216;s Starliner spacecraft, faced critical thruster issues during docking, <a href="https://www.bbc.com/news/articles/clygd1vl9yeo" target="_blank" rel="noreferrer noopener">reports</a> BBC.
Unable to proceed forward initially, they relied on support from Mission Control to stabilize the craft. 
&#8220;Docking was imperative,&#8221; Wilmore told BBC. &#8220;If we weren&#8217;t able to dock, would we be able to make it back? We didn&#8217;t know.&#8221;
Originally scheduled for an eight-day test flight in June 2024, the mission took an unexpected turn.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/space/25/05/45700926/exclusive-could-airlines-with-starlink-see-booking-boost-what-benzinga-reader-poll-says" rel="noreferrer noopener"> EXCLUSIVE: Could Airlines With Starlink See Booking Boost? What Benzinga Reader Poll Says</a>
With Starliner struggling to dock, Wilmore admitted the thought of being stranded entered their minds. However, he and Williams refrained from discussing the worst-case scenario aloud, instead focusing on solutions and coordination.
The pair eventually docked and remained aboard the ISS while NASA assessed Starliner&#8217;s readiness for re-entry.
Boeing maintained the vehicle was safe, and later demonstrated that with an uncrewed return in September 2024.
But NASA opted to bring the astronauts back using a SpaceX capsule, extending their stay dramatically.
Despite headlines suggesting they were stranded, both astronauts clarified the ISS had backup spacecraft ready for emergencies.
The situation also became politically charged when President Donald Trump blamed Joe Biden for the astronauts&#8217; extended stay. Wilmore dismissed the politicization, saying, &#8220;We understand space flight is hard.&#8221;
They returned on March 18 and described the physical challenges of readjusting to gravity.
Still, both credited daily resistance training in space for keeping them in top shape—Wilmore claimed he returned &#8220;stronger than I&#8217;ve ever been.&#8221; Williams echoed that sentiment, though admitted Earth&#8217;s gravity wasn&#8217;t easy on her joints at first.
Both astronauts remain optimistic about Starliner&#8217;s future, saying they&#8217;d gladly fly in the capsule again once technical issues are addressed.
&#8220;It&#8217;s a very capable spacecraft,&#8221; Williams told BBC, citing its unique features compared to other vehicles.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45710022/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-67" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>
Image: Shutterstock/bella1105

'Would We Be Able To Make It Back?' - NASA Astronauts Recount Harrowing Starliner Mission

These eleven mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>LZ Technology Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LZMH#NASDAQ">LZMH</a>) shares surged 78.57% last week.</li>
<li>Centrus Energy Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LEU#AMEX">LEU</a>) shares rose 36.22% as President Donald Trump signed a suite of executive orders aimed at <a href="https://www.benzinga.com//node/45654523" target="_blank" rel="noreferrer noopener">reviving the U.S. nuclear industry.</a></li>
<li>e.l.f Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) stock escalated 35.89% after it reported better-than-expected quarterly results and announced it would acquire Hailey Bieber&#8217;s <a href="https://www.benzinga.com//node/45677382" target="_blank" rel="noreferrer noopener">Brand Rhode for $1 billion</a>. Analysts raised the <a href="https://www.benzinga.com/quote/elf/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Merus N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) stock increased 34.78%.</li>
<li>Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock was up 32.73% due to executive orders signed by Trump to <a href="https://www.benzinga.com//node/45654523" target="_blank" rel="noreferrer noopener">revive the U.S. nuclear industry.</a></li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) shares upped 26.32%.</li>
<li>Informatica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) shares jumped 25.05% after the company announced that Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) would acquire them for approximately $8 billion, and analysts <a href="https://www.benzinga.com//node/45647236" target="_blank" rel="noreferrer noopener">revised the price forecast</a>.</li>
<li>BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) stock escalated 22.29% after the company reported better-than-expected first-quarter results. Additionally, the company announced that its president, CEO, and chair of the board will retire <a href="https://www.benzinga.com//node/45664327" target="_blank" rel="noreferrer noopener">by the end of the fiscal year</a>. Analysts raised the <a href="https://www.benzinga.com/quote/dooo/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast/ rating on the stock</a>.</li>
<li>Box (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) stock grew 20.99% after the company reported better-than-expected first-quarter financial results, and analysts revised the <a href="https://www.benzinga.com//node/45646700" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) stock upped 17.77% after the company announced closing a <a href="https://www.benzinga.com//node/45643642" target="_blank" rel="noreferrer noopener">$250 million investment</a> from Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>).</li>
<li>C3.ai, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) shares rose 16.98% after the company reported better-than-expected fourth-quarter financial results and announced a renewal and expansion of its joint venture with Baker Hughes for accelerated AI-driven transformations <a href="https://www.benzinga.com//node/45657936" target="_blank" rel="noreferrer noopener">in the energy and industrial sectors</a>. Analysts revised the <a href="https://www.benzinga.com/quote/ai/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
</ol>
Photo by LisaChi via Shutterstock

Mid Cap

DOOO

INFA

JOBY

LZMH

MRUS

OKLO

e.l.f Beauty, Box And Joby Aviation Are Among Top 11 Mid-Cap Gainers Last Week (May 26-May 30): Are Others In Your Portfolio?

The past week was a whirlwind in the tech world, with major players making significant moves. From legal battles to stock predictions and AI advancements, the industry was buzzing with activity. Here&#8217;s a quick recap of the top stories that made headlines.
OpenAI vs. Elon Musk: A Legal Showdown
The ongoing legal tussle between OpenAI and Tesla Inc. CEO Elon Musk took a dramatic turn this week. OpenAI has urged a judge to keep its countersuit alive, accusing Musk of fraud and media manipulation. The AI firm argues that Musk&#8217;s bid to dismiss the countersuit lacks factual grounding.
<a href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt">Read the full article here.</a>
Nvidia&#8217;s Stock Predicted to Soar
Analysts predict a significant upside for Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stocks, following a robust first-quarter financial report. Despite China export restrictions, the tech giant&#8217;s future looks promising. Rosenblatt analyst Kevin Cassidy maintained a Buy rating on Nvidia and raised the price target from $178 to $200.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45675006/nvidia-stock-has-significant-upside-as-ai-godfather-jensen-huang-delivers-another-robust-quarter">Read the full article here.</a>
See Also: <a href="https://benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party" target="_blank" rel="noreferrer noopener">Nvidia Bullish Ahead Of Q1 Earnings, But Will H20 Chip Woes Dampen The Party?</a>
Kevin O&#8217;Leary&#8217;s AI Mission
Business magnate Kevin O&#8217;Leary is on a mission to make AI fluency a must-have skill for CEOs. He&#8217;s hiring professionals to train business leaders on how to leverage AI tools across all areas of business, promising job security for life.
<a href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity">Read the full article here.</a>
DeepSeek&#8217;s Quiet AI Update
Chinese AI startup DeepSeek quietly launched an updated version of its reasoning model, R1-0528. The release comes after the company&#8217;s R1 model triggered a $600 billion drop in Nvidia&#8217;s market value earlier this year.
<a href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini">Read the full article here.</a>
Nvidia&#8217;s AI Growth Drivers
Despite a projected $8 billion revenue loss due to U.S. export curbs on China, Nvidia remains optimistic. The chipmaker&#8217;s guidance and AI momentum are stronger than expected, with CEO Jensen Huang outlining four key AI growth drivers.
<a href="https://www.benzinga.com/25/05/45662144/despite-8-billion-blow-from-china-export-curbs-nvidia-still-raised-guidance-as-blackwell-chips-and-enterprise-ai-demand-soar-highlights-four-explosive-growth-drivers">Read the full article here.</a>
Read Next:
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<li><a href="https://benzinga.com/25/05/45669300/north-korea-infiltrates-us-remote-jobs-with-the-help-of-everyday-americans-funneling-17-million-through-laptop-fa" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s North Korea Infiltrates US Remote Jobs With The Help Of Everyday Americans, Funneling $17 Million Through &#8216;Laptop Farm&#8217; Run By Unwitting TikToker: Report</a></li>
</ul>
Photo courtesy: Shutterstock

Another Blockbuster Nvidia Quarter, OpenAI Vs. Elon Musk, DeepSeek Update, And More: This Week In AI

The past week was a rollercoaster ride in the world of finance and cryptocurrency. From the early release of a notorious fraudster to a heated debate over Bitcoin&#8217;s value, the weekend was packed with intriguing stories.
Here&#8217;s a quick recap of the top stories that made headlines.
Sam Bankman-Fried&#8217;s Early Release
Once a promising figure in the cryptocurrency world,&nbsp;Sam Bankman-Fried&nbsp;is now set to leave prison four years ahead of his 25-year sentence. The Federal Bureau of Prisons has updated its inmate database to reflect the new release date of Dec. 14, 2044, thanks to &#8220;good conduct time&#8221; credits. Bankman-Fried&#8217;s pre-sentence time in jail also contributed to this early release.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45614311/fraudster-sam-bankman-fried-set-to-leave-prison-four-years-early-as-good-conduct-credits-t">Read the full article here.</a>
Schiff Challenges Vance On Bitcoin
Economist and market commentator&nbsp;Peter Schiff&nbsp;publicly disagreed with Vice President&nbsp;JD Vance&#8216;s support for Bitcoin at a recent cryptocurrency conference. Schiff challenged Vance&#8217;s remarks, sparking a debate over the true value and impact of Bitcoin.
<a href="https://www.benzinga.com/25/05/45661076/peter-schiff-challenges-jd-vances-bitcoins-safe-haven-assertion-urges-him-to-implement-policies-that-reduce-the-n">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45667896/hedera-co-founder-predicts-that-everything-of-value-will-be-tokenized" target="_blank" rel="noreferrer noopener">Hedera Co-Founder Predicts That &#8216;Everything Of Value&#8217; Will Be Tokenized</a>
Bitcoin Drops To $105,000
Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value took a hit, dropping below $105,000 after President Donald Trump warned that the U.S. is &#8220;no longer Mr. Nice Guy&#8221; in its trade agreement with China. This swift drop reveals that Bitcoin still behaves more like high-beta tech than a geopolitical hedge.
<a href="https://www.benzinga.com/cannabis/25/05/45698521/bitcoin-drops-to-105000-after-trump-warns-hes-no-longer-mr-nice-guy">Read the full article here.</a>
Google&#8217;s Quantum Warning
Alphabet Inc.&#8217;s Google has warned that RSA encryption, a key security feature in securing Bitcoin, may be more vulnerable to quantum computing attacks than previously thought. New research suggests that RSA encryption could be broken with 20 times fewer quantum resources.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45613248/google-warns-quantum-computers-could-crack-bitcoin-like-encryption-20-times-faster-than-ex">Read the full article here.</a>
Trump&#8217;s Meme Coin Dinner
A black-tie gala hosted by Donald Trump for top TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MAGA</a>) meme coin holders turned into a high-net-worth crypto networking event. Despite Trump&#8217;s brief appearance, the event served as a valuable gathering for major players in the crypto space.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45626262/trump-meme-coin-dinner-turned-into-high-net-worth-crypto-networking-trump-was-there-for-20">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a></li>
</ul>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

$MAGA

MAGA

Sam Bankman-Fried's Early Release, Schiff Vs Vance, Bitcoin's Fall, And Trump's Meme Coin Dinner: This Week In Crypto

It&#8217;s been a whirlwind of a week for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), with the tech giant making headlines for a variety of reasons. From a potential overhaul of its operating systems to a significant camera upgrade, and from being in the crosshairs of President Donald Trump to a possible tariff absorption, Apple has been in the limelight. Let&#8217;s delve into the week&#8217;s top stories.
Apple&#8217;s Operating Systems Get a Fresh Look
Apple is reportedly planning a rebrand of its software platforms by introducing a year-based naming system, according to Bloomberg. The new strategy could be unveiled at its Worldwide Developers Conference on June 9.
<a href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look">Read the full article here.</a>
iPhone Camera Upgrade to Match Samsung&#8217;s Flagship Specs
A new leak suggests that Apple is working on a significant camera upgrade for a future iPhone model — a 200-megapixel sensor. This move signals Apple&#8217;s interest in matching or exceeding the camera specs of competitors like Samsung Electronics Co.
<a href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung">Read the full article here.</a>
See Also: <a href="https://benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-m" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek Quietly Drops R1 AI Update That Nearly Matches OpenAI o4 Mini—And Beats Elon Musk&#8217;s Grok 3 Mini</a>
Trump&#8217;s Calculated Move Against Apple
Apple, usually not associated with national security, is in President Trump&#8217;s crosshairs. Analyst Ming-Chi Kuo outlined three key reasons why Trump persistently targets Apple in public, noting that pressuring a global brand like Apple guarantees widespread media attention.
<a href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain">Read the full article here.</a>
Apple May Absorb iPhone Tariff Instead of Moving Production to the US
President Trump demanded that Apple manufacture iPhones sold in the U.S. domestically, or face a 25% tariff. Top Apple analyst Ming-Chi Kuo said that the company is unlikely to move its assembly lines back to the U.S., even under political pressure.
<a href="https://www.benzinga.com/markets/25/05/45599817/apple-would-rather-absorb-a-25-iphone-tariff-than-move-production-to-the-us-says-analyst-no-guarantee-they-wont-face-repeated-tariff-threats-during-his-term">Read the full article here.</a>
Google CEO Sundar Pichai on Apple&#8217;s Search Usage
Despite reports of declining search usage in Safari, Alphabet Inc.&#8217;s CEO Sundar Pichai insists that overall Google Search activity is growing, thanks to AI-powered experiences.
<a href="https://www.benzinga.com/media/25/05/45687166/apple-may-see-fewer-searches-in-safari-but-google-ceo-sundar-pichai-insists-ai-is-fueling-overall-query-growth-far-from-a-zero-sum-game">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

From iOS Overhaul, iPhone Camera Upgrade To Trump's Tariffs: This Week In Appleverse

The past week has been a whirlwind of economic and political news. From a second federal judge blocking President Donald Trump&#8217;s emergency tariff powers to former Treasury Secretary Larry Summers issuing a stark warning about America&#8217;s fiscal trajectory, the headlines have been filled with significant developments.
Here&#8217;s a quick recap of the top stories.
Trump&#8217;s Tariff Powers Blocked
A Washington-based federal judge, U.S. District Judge Rudolph Contreras, has ruled against President Trump&#8217;s attempt to exercise emergency powers to reshape trade policy. This ruling came just hours after the U.S. Court of International Trade struck down Trump&#8217;s tariffs. Contreras stated that the International Emergency Economic Powers Act (IEEPA) does not grant Trump the authority to impose or adjust tariffs without approval from Congress.
<a href="https://www.benzinga.com/25/05/45687946/second-federal-judge-blocks-trumps-emergency-tariff-powers-hours-after-us-court-of-international-trade-ruling">Read the full article here.</a>
Larry Summers&#8217; Stark Warning
Former Treasury Secretary Larry Summers has expressed concern over America&#8217;s fiscal trajectory, blaming President Trump and the GOP's "One Big, Beautiful Bill." Summers warned that the United States is on the verge of a crisis if current debt trends continue.
<a href="https://www.benzinga.com/markets/25/05/45686699/larry-summers-issues-stark-warning-the-big-beautiful-bill-is-actually-a-prescription-for-deadly-dangerous">Read the full article here.</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686497/jamie-raskin-wants-trump-to-disclose-his-crypto-dinner-guest-list-says-foreigners-cant-donate-dollar-but-are-buying-access-to-president-through-memecoin" target="_blank" rel="noreferrer noopener">Jamie Raskin Wants Trump To Disclose His Crypto Dinner Guest List</a>
Japan&#8217;s Tariff Countermeasures
In response to heightened U.S. tariffs, Japan's government has announced a significant economic stimulus package. The government is set to allocate 900 billion yen ($6.3 billion) for emergency economic measures to counteract the adverse effects of increased U.S. tariffs.
<a href="https://www.benzinga.com/news/25/05/45609927/trump-tariff-countermeasures-japan-to-reportedly-roll-out-6-3-billion-emergency-fund-stimulus-as-early-as-tu">Read the full article here.</a>
US-China Trade Talks Stalemate
Trade negotiations between the United States and China have reached an impasse, according to U.S. Treasury Secretary Scott Bessent. Bessent suggested that a final agreement might require direct input from President Donald Trump and China's President Xi Jinping.
<a href="https://www.benzinga.com/25/05/45685544/scott-bessent-says-us-china-trade-talks-at-stalemate-need-trump-and-xi-jinping-touch-to-break-the-deadlock">Read the full article here.</a>
Cathie Wood&#8217;s Reaganomics Comparison
ARK Invest founder Cathie Wood has endorsed the Trump administration's economic policies, comparing them to "Reaganomics on steroids." Wood believes that current policies mirror former President Ronald Reagan&#8217;s playbook of deregulation, tax cuts, and lower interest rates.
<a href="https://www.benzinga.com/news/25/05/45603865/cathie-wood-calls-trump-policy-reaganomics-on-steroids-as-treasury-secretary-says-us-can-grow-its-way-out-of">Read the full article here.</a>
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Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Economics

Trump's Tariffs In Court, Summers' Stark Warning, US-China Stalemate, And Wood's Reaganomics Comparison: This Week In Economics

The past week was filled with significant developments from the world of business and politics. From the temporary preservation of President Donald Trump&#8217;s tariffs to Paramount Global&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) potential settlement with President Trump, these stories have kept the market buzzing. Let&#8217;s dive into the details.
Trump Tariffs Temporarily Preserved
The SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) witnessed some volatility as the U.S. Court of Appeals for the Federal Circuit issued a temporary stay on a lower-court ruling that had previously invalidated a significant portion of President Trump&#8217;s tariffs. The stay has temporarily preserved the tariffs imposed by the Trump administration.
<a href="https://www.benzinga.com/news/legal/25/05/45683326/trump-tariffs-temporarily-preserved-as-appeals-court-pauses-lower-ruling">Read the full article here.</a>
Paramount&#8217;s Potential Settlement with Trump
Media giant Paramount Global is reportedly ready to offer millions to President Trump to settle an ongoing lawsuit. The lawsuit has been a hurdle in the company&#8217;s merger with Skydance.
<a href="https://www.benzinga.com/general/entertainment/25/05/45676520/is-paramount-offering-millions-to-trump-to-end-60-minutes-lawsuit-report-says-opening-offer-has-been-made">Read the full article here.</a>
See Also: <a href="https://benzinga.com/25/05/45214832/with-16-trillion-owed-by-427-million-student-loan-borrowers-federal-government-resumes-collections-after-5-years-as-delinquencies-reach-record-high-transunion-warns" target="_blank" rel="noreferrer noopener">With $1.6 Trillion Owed By 42.7 Million Student Loan Borrowers, Federal Government Resumes Collections After 5 Years As Delinquencies Reach Record High</a>
Musk&#8217;s DOGE Tenure Concludes
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8217;s four-month stint leading the Department of Government Efficiency (DOGE) ended on a high note, despite not meeting the promised savings. President Trump honored Musk with a golden key to the White House.
<a href="https://www.benzinga.com/news/politics/25/05/45708460/elon-musks-175-billion-in-doge-cut-falls-far-short-of-the-billionaires-goal-expect-to-achieve-over-time-the-trillion-dollars-of-savings-says-tesla-ceo">Read the full article here.</a>
Trump Administration Considers Global Tariffs
The Trump administration is reportedly considering imposing tariffs on a significant portion of the global economy for 150 days. This move comes in response to a recent court ruling that invalidated a substantial part of President Trump&#8217;s tariffs.&nbsp;<a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report">Read the full article here.</a>
Raskin&#8217;s Probe into Trump&#8217;s Crypto Dinner
Democratic lawmaker Jamie Raskin has launched a probe into President Trump&#8217;s private dinner for top investors in his Official Trump TRUMP/USD. Raskin has demanded that Trump disclose the guest list and the origin of the funds used to purchase the meme coin.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45686497/jamie-raskin-wants-trump-to-disclose-his-crypto-dinner-guest-list-says-foreigners-cant-donate-dollar-but-are-buying-access-to-president-through-memecoin">Read the full article here.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/03/44450232/white-house-says-gold-reserves-may-be-used-to-purchase-bitcoin" target="_blank" rel="noreferrer noopener">White House Says Gold Reserves May Be Used to Purchase Bitcoin</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Politics

PARA

Trump Tariffs, Paramount's Settlement Offer, Musk's DOGE Tenure, And More: This Week In Politics

One poster recently surprised Reddit&#8217;s <a href="https://www.reddit.com/r/legaladvice/comments/1kr6ngy/won_15m_judgement_28_years_ago_and_just_found_out/">r/legaladvice</a> community after discovering that their father had been awarded a $1.5 million court judgment nearly three decades ago—and never knew about it.
The post, titled &#8220;Won $1.5M judgement 28 years ago and just found out yesterday,&#8221; got a lot of attention after the person explained how they came across the information by accident. "Yesterday, while searching the Bronx County court records for my father in a separate matter, we found record of a workers&#8217; comp case filed on his behalf in &#8217;97," the person wrote.
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<h2 class="wp-block-heading">&#8216;Father Had No Idea&#8217;</h2>
According to the post, the poster&#8217;s father lost three fingers in a factory accident in 1996. The family had recently immigrated to the U.S. at the time, and he spoke no English. "The issue is my father had no idea that this lawsuit was even filed," the poster wrote.&nbsp;
Though he sat for a deposition, he was allegedly told by the company that nothing would come of the case. The family then moved, changed phone numbers, and assumed that was the end of it.
They later added, &#8220;It feels to me like things weren't handled correctly and I want to make sure he is compensated appropriately as our lives could have been much different had he received this money.&#8221;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
Expired Judgment?
Most commenters were quick to point out that New York judgments typically expire after 20 years unless they are renewed.
"In New York, a judgment is deemed unenforceable after 20 years. If nothing was done to renew the judgment, it's dead now," wrote one commenter, who identified themselves as a lawyer.
However, several people noted that exceptions exist in cases involving fraud or malpractice. &#8220;Sometimes the law allows for an extension of deadlines where there&#8217;s fraud or another good reason,&#8221; one person pointed out.
Another added, &#8220;If the lawyer collected on the judgment, then a claim could exist against the lawyer for your father&#8217;s share.&#8221;
But, as someone said, &#8220;I'd be afraid someone filed and collected on his behalf without ever telling him, maybe even someone at the company.&#8221;
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
<h2 class="wp-block-heading">What To Do Now</h2>
Redditors with legal experience weighed in with suggestions on what steps to take. First on the list: track down the original attorney or firm. Even if they have since left the industry, they may still have records or owe a duty to account for any funds.
"Contacting the attorney would be a very helpful start," wrote one poster familiar with bar association procedures. "There's a decent chance they still have a hard copy of the files in a box somewhere."
Another crucial step? Search the New York State Comptroller's unclaimed funds database. Multiple commenters said they had found <a href="https://www.benzinga.com/money/how-to-claim-unclaimed-bitcoin">forgotten funds</a> owed to them through the site. One even commented, "I just made my rent this month" after finding a claim in their name.
And if it turns out the money was never paid? The family may have a legal malpractice case if the attorney failed to inform them of the judgment or disbursed funds improperly.
<h2 class="wp-block-heading">Might Not Be the Windfall It Sounds Like</h2>
A few commenters speculated that the case might have involved subrogation, where the <a href="https://www.benzinga.com/money/workers-comp-calculator">workers&#8217; compensation</a> insurer sues a third party – like the machine manufacturer – on the injured worker&#8217;s behalf. In that case, most or all of the money could have gone to reimburse the insurer.
Still, the original poster is determined to pursue answers: "We'll be contacting the original lawyer and a few other avenues mentioned here," they wrote.
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