AdvisorShares Restaurant ETF (ARCA: EATZ)

最新ニュース AdvisorShares Restaurant ETF (ARCA:EATZ)

AdvisorShares Restaurant ETF

Consumer Cyclical

Consumer Defensive

The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the restaurant business.

Brinker International Inc

Cava Group, Inc.

Wingstop, Inc.

Domino S Pizza Inc

Chipotle Mexican Grill Inc. Class A

Dutch Bros Inc

Texas Roadhouse Inc

El Pollo Loco Holdings Inc

Aramark Holdings

Yum! Brands, Inc.

Darden Restaurants Inc.

Cheesecake Factory Inc/the

Us Foods Holding Corp

Potbelly Corporation Com

Performance Food Group Co

Nathan's Famous Inc

Yum China Holdings Inc

Doordash Inc - A

Rci Hospitality Holdings Inc

<h3>Companies Reporting Before The Bell</h3>
• DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) is estimated to report earnings for its first quarter. 
• Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) is projected to report quarterly loss at $0.10 per share on revenue of $6.78 million. 
• Eagle Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXP#NYSE">EXP</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $478.95 million. 
• Canaan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) is likely to report quarterly loss at $0.15 per share on revenue of $89.12 million. 
• IHS Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $421.26 million. 
• Nebius Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) is projected to report quarterly loss at $0.44 per share on revenue of $57.73 million. 
• Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is expected to report quarterly earnings at $0.66 per share on revenue of $3.62 billion. 
• GDS Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) is estimated to report quarterly loss at $0.22 per share on revenue of $374.51 million. 
• Viking Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) is likely to report quarterly loss at $0.27 per share on revenue of $841.18 million. 
• H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $754.09 million. 
• Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) is likely to report quarterly earnings at $3.59 per share on revenue of $39.25 billion. 
• Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $1.39 billion. 
• Bilibili (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $947.72 million. 
• Elbit Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) is likely to report quarterly earnings at $2.30 per share on revenue of $1.69 billion. 
• ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $636.00 million. 
• BW LPG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) is likely to report earnings for its first quarter. 
• ProPhase Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPH#NASDAQ">PRPH</a>) is estimated to report quarterly loss at $0.18 per share on revenue of $2.45 million. 
• Eltek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTK#NASDAQ">ELTK</a>) is estimated to report earnings for its first quarter. 
• NexGen Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NXE#NYSE">NXE</a>) is projected to report earnings for its first quarter. 
• ZKH Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) is expected to report earnings for its first quarter. 
• Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) is estimated to report earnings for its first quarter. 
• Arbe Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $100 thousand. 
<h3>Companies Reporting After The Bell</h3>
• James Hardie Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) is estimated to report earnings for its fourth quarter. 
• Beeline Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNE#NASDAQ">BLNE</a>) is expected to report earnings for its first quarter. 
• CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) is projected to report earnings for its first quarter. 
• Viasat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $1.14 billion. 
• Tuya (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TUYA#NYSE">TUYA</a>) is projected to report earnings for its first quarter. 
• Bioceres Crop Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>) is likely to report quarterly loss at $0.10 per share on revenue of $61.87 million. 
• FinVolution Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINV#NYSE">FINV</a>) is estimated to report earnings for its first quarter. 
• Ellington Credit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EARN#NYSE">EARN</a>) is estimated to report earnings for its first quarter. 
• Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) is likely to report quarterly earnings at $0.96 per share on revenue of $633.13 million. 
• Evolv Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) is likely to report earnings for its first quarter. 
• Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $2.28 billion. 
• Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is projected to report quarterly earnings at $1.65 per share on revenue of $1.28 billion. 
• Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) is estimated to report quarterly earnings at $2.88 per share on revenue of $2.51 billion. 
• ZTO Express (Cayman) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>) is expected to report earnings for its first quarter. 
• KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is likely to report quarterly earnings at $0.18 per share on revenue of $79.73 million. 
• Auna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUNA#NYSE">AUNA</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $305.60 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

ARBE

AUNA

BILI

BIOX

BLNE

BWLP

CRGO

CXAI

DOYU

EARN

ELTK

ESLT

EVLV

FINV

HTHT

KEYS

KNOP

NBIS

Nuveen Arizona Dividend Advantage Municipal Funds 3

PANW

PONY

PRPH

RERE

TUYA

VIPS

VSAT

Earnings Scheduled For May 20, 2025

Cryptocurrency exchange Gemini has teamed up with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to give away two limited edition Cybertrucks to celebrate the launch of its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) credit card on Monday.
What Happened:&nbsp;In an X post, Gemini teased the Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)-powered card, created exclusively for Bitcoin users. The card will give back up to 4% in BTC instantly on gas, EV charging, transit, taxis &amp; rideshare, with no annual fees and no fees on foreign purchases.
To mark the occasion, Gemini announced a reward of two Tesla Cybertrucks. The giveaway will run from May 19 to June 18. The two winners will get a chance to win the premium <a href="https://www.benzinga.com/tech/25/02/44037023/tesla-cybertruck-inventory-swells-despite-discounts-falling-short-of-elon-musks-vision">Cyberbeast</a> variant.
The winners would be chosen based on their engagement with Gemini&#8217;s products, including purchases through the newly launched card and trading activity on the cryptocurrency exchange. 
For every&nbsp;$50 spent on the Gemini&nbsp;Credit Card, users receive one entry into the Cybertruck 1 draw. Similarly, each $50 traded on Gemini earns one entry for the Cybertruck 2 draw.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Bitcoin Credit Card&#x2122; is here. Designed for Bitcoiners, the orange card gives up to 4% back in bitcoin instantly. No waiting, just stacking. To celebrate this launch, we're giving away TWO Tesla Cybertrucks &#x26a1; Here's how to enter:… <a href="https://t.co/q489LFqqhX">pic.twitter.com/q489LFqqhX</a>
&mdash; Gemini (@Gemini) <a href="https://twitter.com/Gemini/status/1924481844382208384?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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See Also:&nbsp;<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>
Why It Matters:&nbsp;The Tesla Cybertruck is an <a href="https://in.benzinga.com/25/01/42759653/cybertruck-all-wheel-drive-now-eligible-for-7500-ev-tax-credit">all-electric, full-size pickup truck</a>, known for its unusual, angular design. The base all-wheel drive variant starts at $79,990, while the more expensive Cyberbeast variant costs $99,990.
This is not the first time Tesla has been linked to Bitcoin. In fact, the Elon Musk-led automobile giant holds over $1 billion in BTC as of this writing, <a href="https://intel.arkm.com/explorer/entity/tesla">according</a> to blockchain analytics firm Arkham Intelligence.
Price Action:&nbsp; At the time of writing, BTC was exchanging hands at $105,153.86, up 3.31% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
TSLA demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. If you&#8217;re looking for stocks with a strong momentum score, check out <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Shares of Tesla were up 0.24% in pre-market trading after closing 2.25% lower at $342.09 during Monday&#8217;s regular session. 
<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="496" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20041438/image-236.png" alt="" class="wp-image-920855" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20041438/image-236.png 496w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20041438/image-236-300x113.png 300w" sizes="(max-width: 496px) 100vw, 496px" /></a></figure>

<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45498737/altcoin-rotation-is-coming-expert-says-will-eth-xrp-dogecoin-benefit" target="_blank" rel="noreferrer noopener">Altcoin Rotation Is Coming, Expert Says: Will ETH, XRP, Dogecoin Benefit?</a></li>
</ul>
Photo courtesy: Jonathan Weiss / Shutterstock.com

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

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$BTC

TSLA

Want A Tesla Cybertruck? Gemini's New Bitcoin Credit Card Could Be Your Ticket

&#8220;Shark Tank&#8221; investor Kevin O&#8217;Leary rejected President Donald Trump&#8217;s suggestion that retailers should absorb the costs of tariffs rather than passing them onto consumers, highlighting growing tensions between the administration and major retailers over trade policy implementation.
What Happened: O&#8217;Leary directly challenged Trump&#8217;s demand that retailers like Walmart should bear the financial burden of tariffs. &#8220;This idea that the president says, &#8216;Listen, retailers, eat the tariffs.&#8217; That&#8217;s not going to happen,&#8221; O&#8217;Leary said in an <a href="https://thehill.com/business/5308558-kevin-oleary-on-trump-walmart-retailers-tariffs/">interview</a> on NewsNation&#8217;s &#8220;The Hill.&#8221;
The investor predicted that the cost increases would be shared between consumers and retailers, though he noted the uncertainty around specific tariff rates pending future negotiations. &#8220;There&#8217;s going to be some distribution of the pain between increased prices, and retailers will take some of the hit, but it really depends what the hit is,&#8221; he continued. &#8220;We don&#8217;t know. Is it 10%? 20%? 25%? What is it? Nobody knows.&#8221;
O&#8217;Leary characterized the situation as &#8220;jawboning between the retailer and Trump,&#8221; suggesting that &#8220;we&#8217;re at the beginning of a negotiation.&#8221;
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45511929/coinbase-ceo-brian-armstrong-hails-huge-win-as-genius-act-advances-with-bipartisan-senate-support">Coinbase CEO Brian Armstrong Hails &#8216;Huge Win&#8217; As GENIUS Act Advances With Bipartisan Senate Support</a>
Why It Matters: The comments came after Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) announced plans to raise prices on imported goods, prompting <a href="https://www.benzinga.com/markets/25/05/45484675/trumps-tariff-challenge-amid-rising-price-concerns-president-tells-walmart-to-eat-the-tariffs">Trump to respond on Truth Social</a>: &#8220;Walmart should stop trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made billions of dollars last year, far more than expected.&#8221; Trump added, &#8220;Between Walmart and China, they should, as is said, &#8216;eat the tariffs,&#8217; and not charge valued customers anything.&#8221;
The clash represents a significant shift in O&#8217;Leary&#8217;s stance, as he previously advocated for even more aggressive trade actions against China. In April, <a href="https://www.benzinga.com/25/05/45443149/enough-is-enough-kevin-oleary-pushes-for-400-tariffs-in-cnn-debate-with-ross-gerber-get-ready-for-the-fight-of-your-life">O&#8217;Leary demanded a 400% tariff on Chinese imports</a> during a CNN appearance, saying, &#8220;Let&#8217;s just level the playing field. The [Chinese] government cheats, steals, robs, and does not play by any rules. I don&#8217;t think 125% is enough—400%!&#8221;
Economic indicators suggest mounting costs from the trade conflict. According to a Yale Budget Lab study tariffs implemented in 2025 have <a href="https://www.benzinga.com/25/05/45443149/enough-is-enough-kevin-oleary-pushes-for-400-tariffs-in-cnn-debate-with-ross-gerber-get-ready-for-the-fight-of-your-life">already led to a 2.3% spike in consumer prices</a>—amounting to an average $3,800 loss per household. Additionally, U.S. GDP shrank by 0.3% in the first quarter.
Read Also:
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Equities

Government

Macro Economic Events

Regulations

Politics

Retail Sales

Economics

Kevin O'Leary Pushes Back On Trump's Call For Retailers To 'Eat The Tariffs': 'That's Not Going To Happen' — Warns Of Shared Pain As Walmart Raises Prices

ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) sees Q2 sales of $649.055 million-$662.836 million vs $4.98 billion analyst estimate.

Guidance

ATRenew sees Q2 2025 Revenues between RMB4.710B and RMB4.810B, a 24.7% to 27.4% increase YoY

DouYu Intl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOYU#NASDAQ">DOYU</a>) reported quarterly losses of $(0.10) per share. This is a 72.97 percent increase over losses of $(0.37) per share from the same period last year. The company reported $130.50 million in sales this quarter. This is a 9.37 percent decrease over sales of $144.00 million the same period last year.

DouYu Intl Hldgs Q1 Adj. EPS $(0.10) Up From $(0.37) YoY, Sales $130.50M Down From $144.00M YoY

Billionaire investor Ray Dalio has warned that the risks of mounting U.S. government debt were far greater than the credit rating agencies were conveying.
What Happened: Dalio, the founder of Bridgewater Associates, took to X after the <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">Moody&#8217;s downgrade</a> and highlighted the concerns raised about the increasing government debt by saying that &#8220;credit ratings understate credit risks,&#8221; as they only consider the probability of default and the loss given a default by the government.
However, he explains that the <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45499508/dalio-sees-danger-tom-lee-sees-dip-buy-whos-right-about-the-us-credit-downgrade">risks are higher than conveyed</a> because the government could try to print money to repay its debt to reduce it, which in turn causes inflation and affects the domestic currency of the country.
Dalio underscores that printing money could cause the holders of the bonds to suffer losses from the decreased value of the money, rather than the decreased quantity of money. Implying that a decreased value of money is a cause of inflation. 
&#8220;Said differently, for those who care about the value of their money, the risks for U.S. government debt are greater than the rating agencies are conveying,&#8221; he argued.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Re the U.S. debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt. They don&#39;t include the greater risk that the countries in debt will print money to pay their debts thus causing holders…
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1924452875108839862?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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Kathy Jones, the chief fixed income strategist at Schwab Center for Financial Research, reiterated this point by sharing the chart of the U.S. Dollar Spot Index, which has fallen 7.62% year-to-date.
While she acknowledged that Moody&#8217;s commentary had nothing new about the economy, which the economists did not already know, however, the downgrade was quite telling about the &#8220;unsustainable fiscal path.&#8221;
&#8220;But dollar continues lower. The mix of policies &#8211; tariffs, re-shoring, shrinking trade deficit, and tax cuts expanding deficit add up to weaker dollar,&#8221; she said, confirming Dalio&#8217;s point about the decreasing value of money.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Treasury yields back to unchanged. Moody&#39;s didn&#39;t tell us anything we didn&#39;t already know, but the downgrade highlights the unsustainable fiscal path. But dollar continues lower. The mix of policies &#8211; tariffs, re-shoring, shrinking trade deficit, and tax cuts expanding deficit… <a href="https://t.co/B8qslfqH4Z">pic.twitter.com/B8qslfqH4Z</a>
&mdash; Kathy Jones (@KathyJones) <a href="https://twitter.com/KathyJones/status/1924535833769464174?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/05/45510990/federal-reserve-should-do-nothing-at-all-about-the-rising-yields-says-craig-shapiro-let-the-bond-vigilantes-eat">Federal Reserve Should Do &#8216;Nothing At All&#8217; About The Rising Yields, Says Craig Shapiro: &#8216;Let The Bond Vigilantes Eat&#8217;</a>
Why It Matters: As per the Quantity Theory of Money in economics, printing money to pay off debt&nbsp;increases the money supply without a corresponding increase in the supply of goods and services.&nbsp;
This means there&#8217;s more money chasing the same amount of available items, leading to a decrease in the value of the domestic currency and causing inflation.&nbsp;
Moody&#8217;s downgraded the<a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns"> U.S. long-term credit rating</a> from Aaa to Aa1, and forecasted the debt-to-GDP ratio to rise from nearly 100% in 2025 to approximately 130% by 2035. The agency also specifically cited the extension of Trump&#8217;s 2017 tax cuts as a key reason for its decision to&nbsp;downgrade the U.S. credit rating&nbsp;from Aaa to Aa1 on May 16, 2025.
A late March statement from Moody&#8217;s highlighted that the U.S. faces significantly greater challenges in affording its debt compared to other Aaa-rated and highly-rated sovereign nations, even in a strong economic environment.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Monday. The SPY was up 0.11% to $594.85, while the QQQ advanced 0.096% to $522.01, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading slightly lower.
Read Next:
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Photo Courtesy: wedmoments.stock On Shutterstock.com

Market Summary

Futures

Treasuries

Ray Dalio Warns Against Decreasing Value Of US Dollar Amid Mounting Government Debt: 'Risks Are Greater Than The Rating Agencies Are Conveying'

EXTR

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Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) CEO Brian Armstrong celebrated a significant milestone for cryptocurrency regulation after the GENIUS Act cleared its first major procedural hurdle in the Senate with bipartisan support.
What Happened: Armstrong described the advancement as &#8220;a huge win for crypto and the future of onchain innovation in America&#8221; after Coinbase Chief Policy Officer Faryar Shirzad announced that 16 Democrats joined Republicans to pass an early procedural vote. 
&#8220;Crypto is again showing that it&#8217;s the biggest bipartisan issue in play on the Hill,&#8221; Shirzad noted in his social media post, thanking several senators for their efforts.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A huge win for crypto and the future of onchain innovation in America! Thank you to all senators who voted for it. <a href="https://t.co/Wml57q1tkb">https://t.co/Wml57q1tkb</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1924670213146214408?ref_src=twsrc%5Etfw">May 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, introduced by Sen. Bill Hagerty (R-TN), aims to provide a <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45322570/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill?utm_source=chatgpt.com">comprehensive regulatory framework for payment stablecoins</a> &#8211; digital assets pegged to traditional currencies like the U.S. dollar. 
The bill outlines operational standards, consumer protections, and compliance requirements with existing financial laws, including the Bank Secrecy Act.
However, the progress comes amid growing tension, as several Senate Democrats who previously supported the bill in committee <a href="https://www.benzinga.com/markets/25/05/45335415/coinbase-legal-chief-slams-congressional-standoff-on-crypto-bills-start-debating-and-stop-politickin?utm_source=chatgpt.com">suddenly withdrew their backing</a>. 
See Also: <a href="https://www.benzinga.com/25/05/45511478/dow-surges-over-100-points-despite-moodys-us-downgrade-investor-sentiment-decreases-fear-greed-index-remains-in-greed-zone">Dow Surges Over 100 Points Despite Moody&#8217;s US Downgrade: Fear Index Remains In &#8216;Greed&#8217; Zone</a>
Why It Matters: The $200 billion stablecoin market currently exists in a regulatory gray area, with stakeholders arguing that a federal framework is essential for <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45322570/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill?utm_source=chatgpt.com">U.S. competitiveness in financial innovation</a>.
The legislation has become increasingly politicized due to President Donald Trump&#8216;s cryptocurrency ventures, including World Liberty Financial&#8217;s planned stablecoin. Sen. Elizabeth Warren (D-Mass.) has criticized the bill for potentially enabling political corruption, highlighting <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45322570/treasury-secretary-criticizes-senate-for-failing-to-advance-stablecoin-bill?utm_source=chatgpt.com">concerns about elected officials&#8217; involvement</a> in stablecoin businesses.
Coinbase executives have emphasized <a href="https://www.benzinga.com/markets/25/05/45335415/coinbase-legal-chief-slams-congressional-standoff-on-crypto-bills-start-debating-and-stop-politickin?utm_source=chatgpt.com">the urgency of moving forward</a>. &#8220;The Senate should start debating and stop politicking &#8211; immediately,&#8221; said Coinbase Chief Legal Officer Paul Grewal, warning that &#8220;American voters will remember if this unique opportunity to act is wasted.&#8221;
Image Via Shutterstock 
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Ross Gerber Slams Tesla&#8217;s FSD Technology Ahead Of Robotaxi Launch, Maintains Bearish Views On Elon Musk&#8217;s EV Giant After Dumping 10% Stake in Q1</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

COIN

Coinbase CEO Brian Armstrong Hails 'Huge Win' As GENIUS Act Advances With Bipartisan Senate Support

ARK Investment Management LLC's founder, Cathie Wood, agrees that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has suffered brand damage owing to CEO Elon Musk's close ties with the Trump administration as well as his activities with DOGE.
What Happened: "Brand damage, yes it has happened," Wood said in an interview with Bloomberg <a href="https://youtu.be/kz_M3R4ASEY?si=xuBy-1iVlMdPS-fE&amp;t=65">on</a> Monday.
However, she doesn't believe that the damage is long-term. "Tesla, we believe, will have a lock on the robotaxi business in the U.S.," Wood said. She then highlighted the company's upcoming robotaxi launch in Austin next month and reiterated her optimism.
"We believe they're going to proliferate through the United States. Especially if we move regulation from a state level to a federal level, which we believe will happen," she shared.
"What also hurt were macros," Wood said as she transitioned into the impact of U.S. President Donald Trump's auto tariffs on the sector at large. She also acknowledged Musk's move away from DOGE as important. "The shock value of what he did was important," She shared.
Why It Matters: Wood's comments coincide with Tesla's imminent robotaxi launch in Austin in June, which had come under the scrutiny of the U.S. NHTSA as the agency was seeking details on Tesla's AVs in <a href="https://www.benzinga.com/news/25/05/45459932/teslas-robotaxi-plans-under-federal-scrutiny-ahead-of-austin-launch-as-elon-musk-vows-nationwide-rol">various weather conditions</a>.
However, industry expert and Future Fund LLC's Managing Director, Gary Black, <a href="https://www.benzinga.com/25/05/45488706/gary-black-thinks-expectations-for-teslas-robotaxi-launch-are-too-high-currently-teslas-autonomy-cant">expressed concerns</a> about the launch and whether the analysts' expectations were too high for the debut.
Elsewhere, Tesla is <a href="https://www.benzinga.com/trading-ideas/25/05/45504715/tesla-lyft-could-be-future-rivals-ride-share-drivers-can-make-2000-with-an-ev-and-100-rides">offering lucrative deals</a> to ride-hailing service Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) drivers for buying Tesla cars in the form of credits and incentives on all of the company's products, including Model 3, Model S, Model Y, Model X, and the Cybertruck.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="200" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20031839/TSLA-MAY-20-2025-1024x200.jpg" alt="" class="wp-image-920770" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20031839/TSLA-MAY-20-2025-1024x200.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20031839/TSLA-MAY-20-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20031839/TSLA-MAY-20-2025-768x150.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20031839/TSLA-MAY-20-2025-1536x300.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20031839/TSLA-MAY-20-2025.jpg 1660w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
TSLA scores well on Momentum and Quality metrics, with a satisfactory Growth rating, but poor Value. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> today!
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45511328/ross-gerber-slams-teslas-fsd-technology-ahead-of-robotaxi-launch-maintains-bearish-views-on-elon-musks-company-after-dumping-10-stake-in-q1-2025">Ross Gerber Slams Tesla&#8217;s FSD Technology Ahead Of Robotaxi Launch, Maintains Bearish Views On Elon Musk&#8217;s EV Giant After Dumping 10% Stake in Q1</a>&nbsp;</li>
</ul>
Photo courtesy: Shutterstock

Tech

LYFT

Cathie Wood Says Brand Damage Has Happened For Tesla But Believes It Isn't Long-Term: 'Tesla...Will Have A Lock…'

Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) will release its first-quarter earnings results before the <a href="https://www.benzinga.com/quote/HD">opening bell on Tuesday, May 20</a>.
Analysts expect the Atlanta, Georgia-based company to report quarterly earnings at $3.59 per share. That's down from $3.63 per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Home Depot projects to report quarterly revenue at $39.14 billion, compared to $36.42 billion a year earlier.
The company has beaten analyst estimates for revenue in two straight quarters and six of the last 10 quarters overall.
Home Depot shares fell 0.4% to close at $379.38 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/HD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Wells Fargo analyst Zachary Fadem maintained an Overweight rating and cut the price target from $445 to $420 on May 8, 2025. This analyst has an accuracy rate of 84%.</li>
<li>Truist Securities analyst Scot Ciccarelli maintained a Buy rating and raised the price target from $391 to $393 on May 6, 2025. This analyst has an accuracy rate of 71%.</li>
<li>JP Morgan analyst Christopher Horvers maintained an Overweight rating and cut the price target from $470 to $410 on May 6, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Morgan Stanley analyst Simeon Gutman maintained an Overweight rating and slashed the price target from $450 to $410 on May 5, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Piper Sandler analyst Peter Keith maintained an Overweight rating and cut the price target from $435 to $418 on March 24, 2025. This analyst has an accuracy rate of 72%</li>
</ul>
Considering buying HD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="566" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032716/image-233-1024x566.png" alt="" class="wp-image-920793" style="width:662px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032716/image-233-1024x566.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032716/image-233-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032716/image-233-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032716/image-233.png 1143w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/tech/25/05/45492092/jim-cramer-was-skeptical-of-rocket-lab-now-says-its-actually-a-decent-story">Jim Cramer Was &#8216;Skeptical&#8217; Of Rocket Lab, Now Says &#8216;It&#8217;s Actually A Decent Story&#8217;</a> </li>
</ul>
Photo via Shutterstock

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

Top Wall Street Forecasters Revamp Home Depot Expectations Ahead Of Q1 Earnings

On Monday, David Sacks, a tech investor and White House AI advisor, said that he believes the science fiction world created by Isaac Asimov is about to become reality, after Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang stated that humanoid robots could fill the significant global labor shortage.
What Happened: Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk shared a Bloomberg interview clip in which Huang said that there's a massive workers shortage, especially in manufacturing, citing an aging population and declining birth rates.
"The first use case will probably be manufacturing," Huang said. "The world is short of workers—aging population, declining birth rate. And so, I think the world needs a lot more workers. Robotics is one of the best ways for us to supplement all of that."
See Also: <a href="https://www.benzinga.com/news/large-cap/25/05/45414265/nvidia-climbs-on-saudi-ai-investments-analyst-estimates-15-billion-to-20-billion-in-revenue">Nvidia Climbs On Saudi AI Investments: Analyst Estimates $15 Billion To $20 Billion In Revenue</a>
He called robotics essential for driving productivity and reducing inflation, describing the space as a "$50 trillion industry that wants to grow and needs [workers]."
The video prompted a response from Sacks, who said, "When I was a kid, I read every Isaac Asimov story about robots," adding, "It's crazy to think that we'll be living in that future within the decade."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When I was a kid, I read every Isaac Asimov story about robots. It's crazy to think that we'll be living in that future within the decade. <a href="https://t.co/Spm2rxlcXL">https://t.co/Spm2rxlcXL</a>
&mdash; David Sacks (@DavidSacks) <a href="https://twitter.com/DavidSacks/status/1924440452587004043?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Musk, whose company Tesla makes the Optimus robot, was previously asked about the possibility of a Skynet-like scenario from Terminator, where robots take control of the world.
In response, the tech mogul estimated that there's a 10% to 20% chance of that happening within the next five to ten years. While that may seem alarming, he encouraged people to see the optimistic side — there&#8217;s still an <a href="https://www.benzinga.com/tech/25/03/44526637/elon-musk-says-ai-will-be-smarter-in-10-years-than-humans-who-will-have-a-much-higher-standard-of-living">80% to 90% chance of achieving</a> "extreme prosperity for all."
Musk has also predicted that in a few years, <a href="https://www.benzinga.com/25/04/45031447/elon-musk-says-the-best-human-surgeons-have-just-five-years-before-robots-overtake-them-reveals-instance-when-neuralink-had-to-use-a-robot-for-task-impossible-for-a-human">robots will surpass human</a> surgeons.&nbsp;
Moreover, the Tesla CEO has said that the company plans to <a href="https://www.benzinga.com/25/01/43325888/tesla-likely-to-sell-optimus-to-rival-companies-in-2026-price-point-of-humanoid-robot-to-be-detemined-by-demand-says-ceo-elon-musk">produce several thousand Optimus humanoid robots</a> this year so that they can be deployed in its factories. This process will help refine the next version, which is expected to launch next year and potentially be sold to other companies.
Price Action: Nvidia shares rose 0.13% during Monday's regular session and closed at $135.57. Tesla shares dropped 2.25% during the same period to close at $342.02, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings show that NVDA maintained a strong price trend over the short, medium, and long term. It achieved a momentum ranking in the 83rd percentile and a growth ranking in the 95th percentile. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More details on other metrics are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="442" height="284" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032728/Screenshot-2025-05-20-at-16.27.08.png" alt="" class="wp-image-920794" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032728/Screenshot-2025-05-20-at-16.27.08.png 442w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/20032728/Screenshot-2025-05-20-at-16.27.08-300x193.png 300w" sizes="(max-width: 442px) 100vw, 442px" /></a></figure>
Photo Courtesy: Cherdchai101 on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/earnings/25/05/45353123/quantum-stocks-are-hot-in-2025-biggest-movers-to-watch?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Quantum Stocks Are Hot In 2025: Biggest Movers To Watch&nbsp;</a></li>
</ul>

NVDA

Trump AI Czar Says Sci-Fi Future Imagined By Issac Asimov Is Here After Nvidia CEO Jensen Huang Observes World Needs Millions Of New Workers

A professor from the Wharton Business School has suggested that tariffs implemented by President Donald Trump are likely to continue despite political opposition.
What Happened: Professor Joao Gomes of the Wharton Business School, in a <a href="https://knowledge.wharton.upenn.edu/podcast/wharton-business-daily-podcast/the-trade-war-playbook-tariffs-uncertainty-and-u-s-economic-policy/">podcast, </a>The Trade War Playbook: Tariffs, Uncertainty, and U.S. Economic Policy, stated that both Democrats and Republicans are likely to support tariffs due to their potential to generate revenue.
&#8220;I&nbsp;think the end game is&nbsp;some tariffs are here to&nbsp;stay,&#8221; Gomes said, adding that they are &#8220;addictive for every country in&nbsp;the world.&#8221; He further suggested that the nature and extent of these tariffs are uncertain but they are &#8220;definitely not a thing of&nbsp;the past.&#8221;
"The truth is governments need revenues and once you see the amount of revenue the tariffs bring, I think Democrats will be addicted to them as Republicans—or are as likely to be,"&nbsp;explained Professor Gomes.
While the British government has secured a &#8216;first mover&#8217;&nbsp;deal with the Trump administration, Gomes stated that the number of such deals to be made remains uncertain.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45489390/crypto-traders-who-secured-a-dinner-with-donald-trump-walked-away-with-major-profits-says-" target="_blank" rel="noreferrer noopener">Crypto Traders Who Secured A Dinner With Donald Trump Walked Away With Major Profits, Says Analysis</a>
Why It Matters: Analysts are now exploring the potential for targeted tariffs on particular industries or products. In a recent note, UBS Group AG indicated that such measures could be implemented as soon as this summer, following trade investigations into key sectors such as pharmaceuticals, critical minerals, lumber, copper, and semiconductors.
Trump&#8217;s steep tariffs on countries have received widespread criticism from Democrats and major economists. On Monday,  JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon cautioned the market <a href="https://www.benzinga.com/news/management/25/05/45508514/jpmorgan-ceo-jamie-dimon-warns-huge-deficits-complacent-central-banks-could-lead-to-stagflation">about </a>displaying an &#8220;extraordinary amount of complacency&#8221; amid the risks posed by tariffs, record U.S. deficits and geopolitical tensions.
However, U.S. Treasury Secretary Scott Bessent dismissed concerns over the inflationary impact of tariffs on companies such as Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>). Meanwhile, former PIMCO CEO and current Allianz's chief economic adviser, <a href="https://www.benzinga.com/markets/25/05/45491438/mohamed-el-erian-says-era-of-us-exceptionalism-is-paused-but-not-over-yet-too-early-to-say-if-the-damage-inflicted-is-irreversible">Mohamed El-Erian</a>, has suggested that the era of U.S. exceptionalism is on pause due to tariff wars and economic uncertainty, but it&#8217;s not over. He believes it&#8217;s too early to say if the damage inflicted is irreversible.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/25/05/45494205/donald-trump-once-said-economy-does-better-under-the-democrats-slammed-pretty-bad-disasters-by-republican" target="_blank" rel="noreferrer noopener">Donald Trump Once Said &#8216;Economy Does Better Under The Democrats&#8217; Slammed &#8216;Pretty Bad Disasters&#8217; By Republicans: &#8216;It Shouldn&#8217;t Be That Way&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

'Addictive' Trump Tariffs Are 'Here To Stay' Even If Democrats Come Back To Power, Says Wharton Professor: 'The Truth Is Governments Need Revenues'

Nokia trials 5G technology during Joint Viking military exercise in Norway
<ul>
<li>Worked alongside industry partners to deploy Nokia 5G AirScale radios and 5G Standalone Core, enhancing tactical communication during multinational Arctic defense exercise.</li>
<li>Nokia's 5G technology supported advanced defense applications and provided real-time information to field personnel.</li>
</ul>

Nokia Demonstrates Battlefield-Ready 5G At Joint Viking Military Drill In Norway, Enabling Real-Time Intel Sharing

RYAN

Ryan Specialty Enters Irish Market Through Strategic Acquisition Of Construction MGU 360° Underwriting; Deal Terms Not Disclosed

LOGI

Logitech G's Streamlabs Reveals AI Streaming Tech Powered By NVIDIA And Inworld At Computex For More Immersive Livestreams

ATRenew (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.05 by 40 percent. This is a 600 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $641.30 million which beat the analyst consensus estimate of $636.00 million by 0.83 percent. This is a 26.82 percent increase over sales of $505.68 million the same period last year.

Earnings Beats

ATRenew Q1 Adj. EPS $0.07 Beats $0.05 Estimate, Sales $641.30M Beat $636.00M Estimate

Artificial intelligence may not steal your paycheck, but it will raid your job description, warns Chris Hyams, the CEO of popular job-search platform Indeed.
What Happened: &#8220;The good news is that there's not a single job anywhere that AI can perform all of the skills required for that job,&#8221; Hyams <a href="https://fortune.com/2025/05/19/indeed-ceo-chris-hyams-ai-job-openai/">told</a> Fortune's Workplace Innovation Summit. &#8220;It doesn't mean it won't replace workers, but AI can't completely replace a job.&#8221;
Hyams' team found that "for about two-thirds of all jobs, 50% or more of those skills are things that today's generative AI can do reasonably well, or very well." The study, which dissected roughly two million postings skill by skill, highlights his blunt takeaway that "pretty much every job is going to change if it's not changing already."
The upheaval could come fast. Hyams predicted that "over the next three years" a handful of occupations will experience "30 years of change," forcing workers and hirers alike to "adapt very, very quickly." Indeed is already leaning in with Pathfinder, an AI "talent agent" slated for 2025 that matches candidates to openings even when résumés miss obvious keywords.
See also:<a href="https://www.benzinga.com/markets/equities/25/05/45510847/jensen-huang-satya-nadella-tout-40x-speed-up-in-azure-powered-ai-as-microsoft-nvidia-deepen-supercomputing-alliance"> Jensen Huang, Satya Nadella Tout &#8217;40x Speed-Up&#8217; In Azure-Powered AI As Microsoft, Nvidia Deepen Supercomputing Alliance</a>
OpenAI Chief People Officer Julia Villagra echoed the call for flexibility, urging companies to "start changing the way we talk about job replacement" and embrace "a reimagination of jobs" rather than doom-scrolling automation headlines.
What Happened: A McKinsey study, which dates back to 2023, predicts that AI&#8217;s onset will necessitate around <a href="https://www.benzinga.com/news/23/08/33591072/12-million-us-workers-may-need-to-switch-jobs-by-2030-due-to-ai-study">12 million job switches</a> and potentially automate 30% of the hours worked in the U.S. economy by 2030. Economists, meanwhile expect AI to jostle as many as <a href="https://www.benzinga.com/opinion/25/04/44587953/will-ai-replace-us-or-redefine-us?">300 million full-time roles</a>, yet most see a shuffle of tasks rather than wholesale layoffs.
Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO Satya Nadella argues that <a href="https://www.benzinga.com/news/25/03/44066026/satya-nadella-says-ai-agents-will-replace-knowledge-work-but-theres-one-role-humans-will-always-need-to-play">AI will overhaul</a> "knowledge work," not eliminate "knowledge workers," by offloading drudgery so humans can focus on higher-level tasks, echoing past shifts like fax giving way to email. His outlook is supported by Microsoft data showing 75% of global knowledge workers already use AI (nearly half adopted it within six months) and by real-world moves such as JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) deploying AI to automate client briefings and legal paperwork.
Photo Courtesy: Andrey_Popov on Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/05/45510862/apple-unwittingly-powered-the-rise-of-huawei-xiaomi-oppo-and-vivo-says-apple-in-china-authorindia-pivot-a-decade-too-late">Apple Unwittingly Powered The Rise of Rivals Huawei And Xiaomi, Says &#8216;Apple In China&#8217; Author — India Pivot Also Fraught With This Peril</a>

MSFT

Your Paycheck Won't Be Stolen By AI, But The Same Can't Be Said For Your Job Description: Expect 30 Years Of Change In Next 3 Years, Says Indeed CEO

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Recent ethics filings indicate that Frank Bisignano, confirmed as head of the Social Security Administration (SSA), has been granted a major tax deferral on hundreds of millions in stock holdings.
What Happened: Bisignano, ex-CEO of Fiserv and among Wall Street's most highly paid executives, is divesting almost $484 million in company stock as per conflict-of-interest regulations.
Owing to a provision in federal tax law, he can indefinitely postpone payments in capital gains taxes on those sales by reinvesting the proceeds in other assets.
The deferral also entails an extra 150,000 shares worth $25 million held by his wife and in family trusts. The Office of Government Ethics granted approval for the move this week, according <a href="https://www.levernews.com/trumps-social-security-chief-just-scored-a-mammoth-tax-break/">to</a> The Lever.
See Also: <a href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella">Elon Musk Was Once A Microsoft Intern — Now His Company Is Bringing Grok To Azure: &#8216;Incredibly Important For AI To Be Grounded In Reality,&#8217; xAI CEO Tells Satya Nadella</a>
Why It Matters: More than 70 million Americans depend on SSA programs for retirement and disability benefits, but the department is under pressure due to budget reductions and <a href="https://www.benzinga.com/news/25/05/45281537/gop-warns-trump-appointed-social-security-chief-frank-bisignano-against-further-staff-cuts-citing-risks-to-services-as-baby-boomers-age">staff cuts</a>.  Bisignano, who called himself <a href="https://www.benzinga.com/25/05/45338754/trumps-new-social-security-commissioner-says-hes-fundamentally-a-doge-person-what-that-could-mean-for-your-benefits">"fundamentally a DOGE person,"</a> has generated concern among Social Security advocates and Democratic lawmakers.
The tax break he received, which is part of a loophole installed in the 1990s, has earlier been granted to other high-level appointees like billionaire banker Howard Lutnick and former Treasury Secretary Henry Paulson.
Bisignano's tax break comes as the GOP's reconciliation <a href="https://www.benzinga.com/news/25/05/45482256/gop-tax-bill-breaks-trumps-social-security-tax-pledge-still-hits-25-million-seniors-while-elon-musks">bill falls short of President Donald Trump's promise</a> to eliminate taxes on Social Security, with 25 million seniors still likely to be taxed on their benefits.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45510847/jensen-huang-satya-nadella-tout-40x-speed-up-in-azure-powered-ai-as-microsoft-nvidia-deepen-supercomputing-alliance">Jensen Huang, Satya Nadella Tout &#8217;40x Speed-Up&#8217; In Azure-Powered AI As Microsoft, Nvidia Deepen Supercomputing Alliance</a></li>
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Photo courtesy: Shutterstock

Trump's SSA Head Frank Bisignano Granted Tax Break On $484M Stock Sale As He Takes Over Struggling Agency Facing Cuts And Scrutiny

Sen. Elizabeth Warren (D-Mass.) has expressed her disapproval of the Republicans&#8217; late-night voting strategy on President Trump&#8217;s controversial legislation, dubbed the &#8216;Big, Beautiful Bill&#8217;.
What Happened: On Monday, Warren took to X to voice her concerns about the Republicans&#8217; voting schedule for the contentious bill. She criticized the party for advancing the bill late at night, with the next vote slated for 1 AM on Wednesday. &#8220;Republicans are scheduling votes in the DEAD OF NIGHT on Trump&#8217;s &#8220;big, beautiful bill.&#8221; They advanced their bill last night at 10:30 PM. The next vote is scheduled for 1 AM on Wednesday. Why hide?&#8221; she posted.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Republicans are scheduling votes in the DEAD OF NIGHT on Trump&#39;s &quot;big, beautiful bill.&quot; They advanced their bill last night at 10:30PM. The next vote is scheduled for 1AM on Wednesday. Why hide? Maybe because this bill rips away health care from babies, new moms, and seniors. <a href="https://t.co/ESL5Jj5Uxp">https://t.co/ESL5Jj5Uxp</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1924499929705091167?ref_src=twsrc%5Etfw">May 19, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Warren further accused the Republicans of attempting to conceal the bill&#8217;s potential impact on healthcare, particularly for infants, new mothers and seniors.</figcaption></figure>
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45489390/crypto-traders-who-secured-a-dinner-with-donald-trump-walked-away-with-major-profits-says-" target="_blank" rel="noreferrer noopener">Crypto Traders Who Secured A Dinner With Donald Trump Walked Away With Major Profits, Says Analysis</a>
Why It Matters:&nbsp;The House Budget Committee advanced President Donald Trump&#8216;s &#8220;One Big Beautiful Bill Act&#8221; late Sunday night after earlier opposition from GOP hard-liners stalled it on Friday. The vote passed 17-16 along party lines, with four Republicans — Reps. Chip Roy (R-Texas) Andrew Clyde (R-GA), Josh Brecheen and Ralph Norman &nbsp;(R-S.C.)&nbsp; — switching from &#8220;no&#8221; to voting &#8220;present.&#8221;
The bill <a href="https://www.benzinga.com/government/regulations/25/05/45506863/trumps-big-beautiful-bill-advances-heres-who-wins-and-loses">seeks to extend</a> The Tax Cuts and Jobs Act (TCJA) of 2017, making permanent the expiring provisions that benefit high-income and wealthy earners.
The &#8216;Big, Beautiful Bill&#8217; has been a subject of intense debate. Senator Bernie Sanders (I-Vt) previously <a href="https://www.benzinga.com/news/25/05/45482399/bernie-sanders-calls-trumps-big-beautiful-bill-a-death-sentence-says-it-delivers-235-billion-tax-bre">denounced </a>the bill as a &#8220;death sentence&#8221; for millions of Americans, arguing that it offers a $235 billion tax break to the wealthiest 0.2% of Americans, while leaving 99.8% of citizens with no benefit.
Additionally, the legislation includes a <a href="https://www.benzinga.com/personal-finance/25/05/45485150/the-one-big-beautiful-bill-would-create-maga-savings-accounts-with-a-1000-gift-from-the-government-at-birth">proposal </a>for a new Republican tax initiative, which would provide every newborn in the U.S. with a $1,000 investment account. 
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/tech/25/05/45509434/jensen-huang-once-revealed-he-never-attended-a-single-business-class-and-began-nvidia-with-just-200-in-his-p" target="_blank" rel="noreferrer noopener">Jensen Huang Once Revealed He Never Attended A Single Business Class And Began Nvidia With Just $200 In His Pocket: &#8216;Never Could Figure Out How To Finish A Business Plan&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elizabeth Warren Slams Republicans For 'Dead Of Night' Voting Strategy On Trump's 'Big, Beautiful Bill'—'Why Hide?'

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