GLOBALFOUNDRIES 株価情報 (NASDAQ: GFS)

最新ニュース GLOBALFOUNDRIES (NASDAQ:GFS) 株価情報

GLOBALFOUNDRIES

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 13,000 people.

GLOBALFOUNDRIES Inc

Gafisa SA

GF SECURITIES CO H by GF Securities Co Ltd.

GF Securities Co Ltd

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) to report quarterly earnings at 53 cents per share on revenue of $38 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Walgreens shares fell 0.1% to $10.70 in after-hours trading.</li>
<li>The Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) posted downbeat results for its second quarter. The company reported quarterly sales of $762.1 million, which missed the analyst consensus estimate of $898.530 million. Greenbrier shares fell 2.9% to $43.43 in the after-hours trading session.</li>
<li>Analysts are expecting RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) to post quarterly earnings at 49 cents per share on revenue of $1.51 billion. The company will release earnings before the markets open. RPM shares gained 2.6% to $109.48 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) reported better-than-expected earnings for its first quarter on Monday. Levi also said its 2025 guidance remains unchanged, other than to reflect its Dockers business as a discontinued operation, and does not reflect any impact from the recently announced tariffs. Levi Strauss shares jumped 7.4% to $14.50 in the after-hours trading session.</li>
<li>Analysts expect Cal-Maine Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) to post quarterly earnings at $10.90 per share on revenue of $1.43 billion after the closing bell. Cal-Maine shares gained 2.2% to $95.49 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44669062/top-3-health-care-stocks-that-may-crash-in-q2">Top 3 Health Care Stocks That May Crash In Q2</a> </li>
</ul>
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Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

CALM

LEVI

Walgreens, RPM International And 3 Stocks To Watch Heading Into Tuesday

Last week, Nintendo Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) announced that <a href="https://www.benzinga.com/general/gaming/25/04/44609298/nintendo-switch-2-price-release-date-specs-new-games-revealed">preorders for the highly anticipated</a> Nintendo Switch 2 in the U.S. will be delayed due to concerns over the potential impact of President Donald Trump&#8217;s new tariffs, although the June 5 launch date remains unchanged.
What Happened: In an <a href="https://www.npr.org/2025/04/07/nx-s1-5349650/trump-tariffs-nintendo-switch-2-doug-bowser">interview</a> with NPR, Doug Bowser, President of Nintendo of America, explained the situation during a discussion on the delay.
&#8220;We&#8217;re just going to have to actively assess what that impact may be. Things may change in the days ahead. So we&#8217;re just watching and trying to understand what that impact might be and what actions we might have to take,&#8221; Bowser stated.
See Also: <a href="https://in.benzinga.com/general/gaming/25/01/43051841/nintendo-shares-drop-5-on-tokyo-exchange-after-switch-2-announcement">Nintendo Switch 2 Fails To Stir Excitement In Investors, Gaming Giant&#8217;s Shares Drop 5% In Tokyo</a>
Although the Nintendo Switch 2 is priced at $449 for the base model and $499 for the hardware SKU with Mario Kart World included, Bowser admitted that there are still uncertainties about whether the new tariffs would force them to increase the final price of the device in the U.S. market.
The uncertainty arises from the additional <a href="https://in.benzinga.com/markets/equities/25/04/44660089/japans-nikkei-futures-halted-hang-seng-crashes-8-8-as-global-market-rout-accelerates-on-tariff-shock-analyst-says-trumps-iphone-only-real-circuit-breaker">tariffs imposed on Japanese exports</a>, including a 24% tariff on goods, which could push up the cost of manufacturing and shipping to the U.S.
Nintendo also addressed the ongoing concerns regarding supply and demand. Bowser mentioned that the company has been working closely with retailers to ensure that the <a href="https://in.benzinga.com/25/03/44212558/nintendos-mar10-day-bash-includes-a-349-switch-bundle-trip-to-super-nintendo-world-and-alarm-clocks-that-talk-back-heres-what-you-need-to-know">demand for the Switch 2</a> is met on launch day, with particular emphasis on preventing issues related to scalping bots.
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Why It Matters: The Switch 2 comes equipped with a 7.9-inch HDR-capable LCD display at 1080p resolution and supports gameplay at up to 120 frames per second. At launch, it offers 256GB of internal storage, and its updated dock enables 4K output when hooked up to a television.
Among the notable hardware upgrades are magnetically connected Joy-Cons, enhanced thumbsticks, and a revamped Pro Controller that now includes a dedicated C-button for in-game communication.
Nintendo is also introducing a new feature called GameShare, which lets players connect multiple Switch 2 systems for local or online shared gaming. Additionally, the battery life has been improved to roughly 8 hours—a welcome improvement over the original model.
Check out more of Benzinga&#8217;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:
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<li><a href="https://www.benzinga.com/markets/equities/25/01/43047487/teslas-drop-against-modestly-lower-nasdaq-comes-as-investors-weigh-elon-musks-40-50-billion-tiktok-deal-gary-black-says-tsla-share-swap-unlikely-due-to-this-upcoming-milestone" target="_blank" rel="noreferrer noopener">Tesla's Drop Against Modestly Lower Nasdaq Comes As Investors Weigh Elon Musk's $40-50 Billion TikTok Deal, Gary Black Says TSLA Share Swap Unlikely Due To This Upcoming Milestone</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Gaming

Tech

Media

NTDOY

Nintendo Pushes Back US Preorders For Switch 2 Amid Trump Tariffs, Launch Remains On Track For June: 'Things May Change In The Days Ahead'

Jim Cramer expressed skepticism about Monday&#8217;s market rebound, calling it &#8220;strange&#8221; following nine consecutive down days in futures trading.
What Happened: &#8220;We don&#8217;t want to see the futures up this much. So strange. We have come in down every night for 9 nights. Now the futures are up huge. Where are the sellers. Things aren&#8217;t &#8216;better&#8217; now unless we are at levels people, at last, like,&#8221; CNBC&#8217;s &#8216;Mad Money&#8221; host Cramer wrote on X on Monday.
Investors should note that despite Cramer&#8217;s weekend warnings of a potential &#8220;Black Monday&#8221; scenario reminiscent of the 1987 crash, U.S. markets managed to avoid a complete meltdown.
The Dow Jones Industrial Average dropped 349 points, or 0.91%, to close at 37,965 after falling more than 1,700 points earlier in the session. The S&amp;P 500 slipped 0.23% to finish at 5,062.25, recovering from a session low that saw a 4.7% decline. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We don&#39;t want to se the futures up this much. So strange. We have come in down every night for 9 nights. Now the futures are up huge. Where are the sellers. Things aren&#39;t &quot;better&quot; now unless we are at levels people, at last, like.
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1909410023681204517?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote>
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Meanwhile, the Nasdaq Composite edged up 0.1% to 15,603 as investors scooped up shares of tech giants such as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
The dramatic <a href="https://www.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to-90-day-tariff-pause">intraday recovery came amid speculation</a> of a <a href="https://www.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to-90-day-tariff-pause">possible 90-day tariff pause</a> by President Donald Trump&#8216;s administration, which briefly sent stocks surging. However, the White House later told CNBC that reports of a tariff reprieve were &#8220;fake news,&#8221; causing indexes to pull back.
See Also: <a href="https://www.benzinga.com/25/04/44677880/apple-reportedly-plans-to-move-more-iphone-production-to-india-amid-trump-tariff-fearscould-this-solve-the-300-price-hike-on-550-hardware">Apple Reportedly Plans To Move More iPhone Production To India Amid Trump Tariff Fears: Could This Solve The Potential 40% Price Hike?</a>
Why It Matters: Before Monday&#8217;s session, Cramer had drawn parallels to the 1987 crash, noting similar market patterns. &#8220;Same damned pattern; that thursday, that friday&#8230;.. that Monday?&#8221; he posted on X over the weekend, though he acknowledged that circuit breakers implemented since 1987 could &#8220;slow things down&#8221; <a href="https://in.benzinga.com/markets/25/04/44659901/jim-cramer-sees-same-pattern-as-1987-black-monday-crash-wonders-what-happens-on-monday">during any potential crash</a>.
The market volatility follows Trump&#8217;s recent announcement of sweeping reciprocal tariffs on numerous countries, which sparked the worst week for stocks since the COVID-19 pandemic and raised concerns about inflation, weakened demand, and recession risks.
By Monday evening, futures had rebounded sharply, signaling continued volatility in an uncertain trading environment. S&amp;P 500 Index Futures rose 1.34% to 5,165, Dow Jones Industrial Average Futures jumped 1.73% to 38,826, and Nasdaq-100 Futures gained 1.14% to 17,763, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/44677685/dr-doom-roubini-warns-markets-delusional-about-fed-rescue-as-trump-xi-jinping-jerome-powell-locked-in-high-stakes-standoff">&#8216;Dr. Doom&#8217; Roubini Warns Markets &#8216;Delusional&#8217; About Fed Rescue As Trump, Xi Jinping, Jerome Powell Locked In High-Stakes Standoff</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.

Equities

NVDA

PLTR

Jim Cramer Says Market Rebound Feels 'Strange' After Nine Nights Of Losses: 'Things Aren't Better' As Stock Futures Surge Over 1%

Macro Economic Events

Econ #s

Economics

Reported Earlier, National Australia Bank Business Confidence For March -3 Vs. -2 (Revised) Prior

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan Current Account n.s.a. For February 4.061T Vs. 3.800T Est.; -0.258T Prior

Reported Earlier, Japan Adjusted Current Account For February 2.32T Vs. 2.74T Est.; 1.95T (Revised) Prior

Digital asset investment firm Galaxy Digital&nbsp;announced Monday that it has secured approval from&nbsp;the U.S. Securities and Exchange&nbsp;Commission for its S-4 registration statement, paving the way for its domestication&nbsp;to Delaware and Nasdaq listing.
What Happened: Galaxy CEO Mike Novogratz shared the news in an X post, deeming it a &#8220;big milestone&#8221; for the company.
&#8220;We're on track to list on Nasdaq shortly after our shareholder vote on May 9, contingent on completing our reorganization,&#8221; Novogratz said.
Post the approval of shareholders and the Toronto Stock Exchange, where it is currently listed, the firm anticipates listing on the Nasdaq Stock Exchange under the ticker GLXY. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big milestone for <a href="https://twitter.com/galaxyhq?ref_src=twsrc%5Etfw">@GalaxyHQ</a>! Our registration statement is now effective with the SEC. We're on track to list on Nasdaq shortly after our shareholder vote on May 9, contingent on completing our reorganization. Let's go! <a href="https://t.co/bbIgQNnMxH">https://t.co/bbIgQNnMxH</a>
&mdash; Mike Novogratz (@novogratz) <a href="https://twitter.com/novogratz/status/1909353554730426651?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44674867/is-now-the-time-to-buy-bitcoin-tariffs-recession-fears-and-predictions-for-btcs-comeback" target="_blank" rel="noreferrer noopener">Is Now the Time To Buy Bitcoin? Tariffs, Recession Fears and Predictions for BTC&#8217;s Comeback &#8211; Benzinga</a>
Galaxy is headquartered in New York City, with its registered office in the Cayman Islands. The firm offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization.
Why It Matters: This development comes after Galaxy Digital <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44534582/galaxy-digital-to-pay-200-million-in-terra-luna-settlement-with-new-york-attorney-general">agreed to pay $200 million</a> to settle allegations that it failed to disclose its financial interests while promoting the now-defunct Terra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>) cryptocurrency. 
Galaxy&#8217;s U.S. listing ambitions coincided with similar moves by other major cryptocurrency-related companies. Circle, the issuer of the world's second-largest stablecoin, USD Coin (CRYPTO: USD), f<a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44600089/circle-issuer-of-the-worlds-second-largest-stablecoin-files-for-ipo-amid-trumps-support-for-dollar-pegged-cryptos">iled for an IPO</a> last week to list its shares on the New York Stock Exchange&nbsp;under the ticker symbol &#8220;CRCL.&#8221;
Cryptocurrency exchange Kraken <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44217932/crypto-exchange-kraken-sets-sights-on-2025-initial-public-offering">was also preparing to go public</a> as early as the first quarter of next year.
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44672120/xrp-down-10-in-a-single-day-is-the-worst-over" target="_blank" rel="noreferrer noopener">XRP Down 10% In A Single Day: Is The Worst Over?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo courtesy: Shutterstock

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

Cryptocurrency

Government

$LUNA

Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly shifting more of its iPhone production to India to mitigate the financial impact of President Donald Trump's escalating tariffs on Chinese goods, potentially <a href="https://www.benzinga.com/tech/25/04/44655937/trump-tariffs-could-spike-iphone-prices-to-almost-2300-if-apple-decides-to-pass-on-the-costs-to-buyers">offsetting the projected 30% to 40% price</a> increase on its device.
What Happened: Apple plans to ship more iPhones from India to the U.S. to avoid the high costs caused by new tariffs on Chinese-made products, <a href="https://www.wsj.com/tech/apple-iphone-production-china-tariffs-6cc37f40">reported</a> the Wall Street Journal, citing people familiar with the matter.
The move comes after Trump's new tariff package raised duties on Chinese imports to at least 54%, significantly affecting tech companies that rely on Chinese-made components.
See Also:&nbsp;<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" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
The tariff on Chinese goods could increase Apple's hardware cost for an iPhone 16 Pro by around $300. The iPhone 16 Pro Max, currently $1,599, might reach nearly $2,300 with a 43% price hike.
Experts warn that this price hike could make the device less competitive in the U.S. market.
Bank of America analyst Wamsi Mohan notes that Apple was already on track to manufacture 25 million iPhones in India this year, with about 10 million intended for the local Indian market.
If Apple redirects these production units to the U.S., it could supply up to 50% of the American market's demand for the device.
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Why It Matters: The iPhone is Apple's flagship product, accounting for roughly half of the company's total revenue. In the first quarter, <a href="https://in.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-our-best-quarter-ever">iPhone sales came in at $69.14 billion</a>, down from $69.7 billion in the same period last year.
Apple has been working to expand its manufacturing footprint in India for several years, starting with older models and gradually incorporating newer ones.
While India's tariffs are more favorable than China's, Apple's primary manufacturing base remains in China due to the country's robust supplier network and skilled labor force.
Although Apple has made efforts to diversify its supply chain, with additional production in India and other countries like Vietnam, Trump's new tariffs continue to challenge the company's ability to maintain competitive pricing.
Price Action: Apple's stock has dropped approximately 25.59% so far this year, closing at $181.46 on Monday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings assigns Apple (AAPL) a growth score of 45.04%. Want to see how it compares to other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full breakdown</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Asia

AAPL

Apple Reportedly Plans To Move More iPhone Production To India Amid Trump Tariff Fears: Could This Solve The Potential 40% Price Hike?

Tech giant Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) began the week with another decline on Monday, as concerns grow that U.S. President Donald Trump&#8217;s tariffs on several of its global manufacturing hubs could hit the Cupertino-based company hard.
What Happened: On Monday, Apple ended nearly 4% lower, and was among a few mega-cap tech stocks to have declined during the day. This also marks the company&#8217;s third consecutive day in the red, during which the stock has lost 20%, wiping out nearly $640 billion in market capitalization.
This comes amid growing concerns that the tariffs could hurt Apple&#8217;s sales, supply chain, and operations more than the other <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/04/44649868/magnificent-7s-3-trillion-club-is-vacant-as-apple-stock-stumbles">Mag 7 stocks</a>. Despite the company&#8217;s efforts in diversifying away from China, its new manufacturing hubs in India, Malaysia, and Indonesia also face sweeping new tariffs being imposed by the U.S. Government.
See More: <a href="https://www.benzinga.com/markets/25/04/44677685/dr-doom-roubini-warns-markets-delusional-about-fed-rescue-as-trump-xi-jinping-jerome-powell-locked-in-high-stakes-standoff">&#8216;Dr. Doom&#8217; Roubini Warns Markets &#8216;Delusional&#8217; About Fed Rescue As Trump, Xi Jinping, Jerome Powell Locked In High-Stakes Standoff</a>
According to a study by UBS Group AG, Apple&#8217;s top-end iPhone model, which is currently priced at $1,199, could see prices rise 30%, or by $350, if the tariffs remain in their current form. The company could either reduce prices and hurt its margins, or keep prices intact and lose sales, it stands to lose either way.
Barclays PLC analyst Tim Long believes that if the company decides not to cut prices, its earnings per share could take at least a 15% haircut immediately. Long further adds that the company could rearrange its supply chain, such that its imports to the U.S. are routed through other countries where the tariffs are lower.
The <a href="https://in.benzinga.com/markets/equities/25/04/44659926/dan-ives-cuts-tesla-target-to-315-slashes-apple-by-23-amid-tariff-fallout-warns-elon-musk-led-ev-maker-faces-darker-days-ahead">most prominent bearish take</a> on the stock comes from Daniel Ives of Wedbush Securities, who calls the &#8216;tariff economic armageddon&#8217; unleashed by Donald Trump and an &#8216;absolute disaster&#8217; for Apple, considering its massive exposure to China, both for production, as well as a market.
&#8216;No U.S. company is more negatively impacted by tariffs than Apple, &#8216; Ives adds while cutting the stock&#8217;s target from $325 a share to $250.
Why It Matters: Besides being a major production hub for the company, China is also Apple&#8217;s second biggest market after the United States. This means that it also stands to be hit by the retaliatory tariffs now being imposed by China on U.S. imports.
Analysts also believe that the company is unlikely to offer any guidance during its second-quarter results, in line with most other tech giants until the dust settles on the tariff front, and there is more clarity.
<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="168" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07234826/Screenshot-2025-04-08-at-9.16.14-AM-1024x168.png" alt="" class="wp-image-861054" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07234826/Screenshot-2025-04-08-at-9.16.14-AM-1024x168.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07234826/Screenshot-2025-04-08-at-9.16.14-AM-300x49.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07234826/Screenshot-2025-04-08-at-9.16.14-AM-768x126.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07234826/Screenshot-2025-04-08-at-9.16.14-AM.png 1412w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga Edge Rankings, Apple is unfavorable in the short, medium, and long term, but how does it compare with other tech stocks? 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> today to learn more.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">China &#8216;Resolutely Opposes&#8217; Trump&#8217;s 50% Tariff Threat, Vows Countermeasures As Trade Tensions Jolt Markets: &#8216;Will Fight To The End&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Ratings

Apple Hits Worst Stretch In Years: $640 Billion In Market Capitalization Wiped Out In 3 Days

Renowned economist Nouriel Roubini, nicknamed &#8220;Dr. Doom&#8221; for his pessimistic but often accurate predictions, warned Monday that financial markets are mistaken about the Federal Reserve&#8217;s willingness to step in <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">amid escalating trade tensions</a>.
What Happened: &#8220;Markets have been delusional that Powell put strike price is above Trump&#8217;s put strike price. It is NOT!&#8221; Roubini wrote on X, referring to the price level at which the Fed would intervene to stabilize markets.
The Turkish-born American economist described a &#8220;three-way game of chicken&#8221; between President Donald Trump, Federal Reserve Chair Jerome Powell, and Chinese President Xi Jinping, with each waiting for the others to concede first.
The comments come as markets grapple with Trump&#8217;s tariff threats against China, including a potential 50% duty if Beijing doesn&#8217;t withdraw its <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">recent 34% tariff on American products</a> by Apr. 8. China&#8217;s Commerce Ministry has vowed to &#8220;fight to the end&#8221; against what it called &#8220;a mistake on top of a mistake.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A 3-way game of chicken is being played between Trump, Powell and Xi. The strike price for the Powell put is much lower than for Trump put. And Xi's put strike live is even lower; thus Xi will let Trump bleed for now in this retaliation Nash game. This is a 3 dimensional chess…
&mdash; Nouriel Roubini (@Nouriel) <a href="https://twitter.com/Nouriel/status/1909242551397409180?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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Powell acknowledged Friday that higher tariffs &#8220;will be working their way through our economy and are likely to raise inflation in coming quarters,&#8221; but emphasized the Fed&#8217;s focus remains on its dual mandate of <a href="https://in.benzinga.com/25/04/44661029/trump-and-fed-stand-firm-lack-of-a-put-could-drive-the-market-lower-very-quickly-warns-expert">maximum employment and stable prices</a>.
See Also: <a href="https://www.benzinga.com/25/04/44677497/microsoft-fires-employee-protestors-who-disrupted-50th-anniversary-event-you-have-shown-no-remorse-for-the-effect-that-your-actions-have">Microsoft Fires Employee Protestors Who Disrupted 50th Anniversary Event: &#8216;You Have Shown No Remorse For The Effect That Your Actions Have&#8217;</a>
Craig Shapiro of 3-Circle Investments noted <a href="https://in.benzinga.com/25/04/44661029/trump-and-fed-stand-firm-lack-of-a-put-could-drive-the-market-lower-very-quickly-warns-expert">the market has been searching for either</a> a &#8220;Trump put&#8221; or &#8220;Fed put&#8221; but &#8220;was informed this past week that both puts are struck lower,&#8221; suggesting a potential &#8220;significant market downturn.&#8221;
Roubini criticized Trump&#8217;s negotiating approach, writing that &#8220;superior chess and poker players like [Russian President Vladimir] Putin and Xi are already out manipulating Trump,&#8221; adding that unlike his first term, Trump 2.0 has &#8220;mostly a bunch of wimpish sycophantic yes men &#8216;advisors'&#8221; who won&#8217;t challenge his &#8220;worst destructive policy instincts on trade.&#8221;
BlackRock Inc. CEO Larry Fink warned the tariffs would &#8220;freeze more and more consumption&#8221; in the broader economy, impacting not <a href="https://www.benzinga.com/news/management/25/04/44676213/trumps-tariffs-are-impacting-main-street-not-just-wall-street-blackrock-ceo-larry-fink-says">just Wall Street but Main Street</a>, where &#8220;62% of Americans now invest in equities.&#8221;
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/44677285/elon-musks-brother-and-tesla-board-member-kimbal-musk-calls-trump-most-high-tax-american-president-in-generations-warns-tariffs-are-a-permanent-tax-on-us-consumers">Elon Musk&#8217;s Brother Kimbal Musk Calls Trump &#8216;Most High Tax American President In Generations,&#8217; Warns Tariffs Are A &#8216;Permanent Tax&#8217; On US Consumers</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.

STLA

TSLA

'Dr. Doom' Roubini Warns Markets 'Delusional' About Fed Rescue As Trump, Xi Jinping, Jerome Powell Locked In High-Stakes Standoff

In another interesting twist in the Satoshi Nakamoto saga, cryptocurrency lawyer James Murphy sued the U.S. government in an attempt to determine the identity of the pseudonymous Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) creator.
What happened: Murphy, known as MetaLawMan on X, said he filed a Freedom of Information Act lawsuit against the Department of Homeland Security, seeking details about an interview DHS supposedly had with Satoshi.
Murphy&#8217;s case relied on assertions made by DHS Special Agent Rana Saoud at a 2019 <a href="https://www.youtube.com/watch?v=MAOrjlub4Qc">conference </a>where she stated that DHS officers were able to find and interview Satoshi Nakamoto in California. She added that Satoshi was not alone in creating Bitcoin and that there were "three other people."
<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">The Great Mystery of the 21st Century&#8211;Who is Bitcoin Creator &quot;Satoshi Nakamoto?&quot; The United States Government claims to know the answer&#8211;but isn&#39;t talking. So, today I sued the U.S. Government to find out exactly what it knows. &#x1f9f5;&#x1f447;
&mdash; MetaLawMan (@MetaLawMan) <a href="https://twitter.com/MetaLawMan/status/1909239172587536428?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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"It is entirely possible that the DHS Agent was mistaken and DHS did not interview the real Satoshi," Murphy said. "If DHS resists disclosure, I will pursue the case to conclusion to solve this mystery."
The DHS didn't immediately return Benzinga's request for comment.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> Bitcoin Reeling From Trump&#8217;s &#8216;Liberation Day&#8217; Shock But These Gold-Backed Coins Are Killing It This Year</a>
Popular on-chain analyst ZachXBT slammed Murphy's actions, stating that the attorney was doing all this to gain attention.
<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">The Great Mystery of the 21st Century&#8211;Who is Bitcoin Creator &quot;Satoshi Nakamoto?&quot; The United States Government claims to know the answer&#8211;but isn&#39;t talking. So, today I sued the U.S. Government to find out exactly what it knows. &#x1f9f5;&#x1f447;
&mdash; MetaLawMan (@MetaLawMan) <a href="https://twitter.com/MetaLawMan/status/1909239172587536428?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Satoshi Nakamoto is the alias for the person who <a href="https://www.benzinga.com/money/who-is-satoshi-nakamoto">published the Bitcoin whitepaper</a> and is credited with establishing Bitcoin. Several people have claimed to be or were believed to be Satoshi, but their true identities have never been proven or exposed.
Technologists and computer scientists from Bitcoin's early evolution days, including Craig Wright, Hal Finney, and Peter Todd, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41242615/peter-todd-is-satoshi-nakamoto-bitcoin-core-developer-denies-hbo-documentary-claims-im-not">have been linked</a> to the mysterious figure.
Interestingly, tech mogul and Twitter founder Jack Dorsey is also believed by some to be the <a href="https://in.benzinga.com/25/02/43803016/is-jack-dorsey-the-mysterious-satoshi-nakamoto-vanecks-matthew-sigel-points-key-evidence-linking-twitter-founder-to">elusive Bitcoin creator</a>.
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Photo courtesy: Shutterstock

$BTC

Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin

Discount retailer Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) was riding high on Monday, ending the day up 7.8% following a surprise upgrade by Citi Research, which calls it one of the &#8216;silent beneficiaries&#8217; of the widespread trade tariffs imposed by the U.S. Government over the past week.
What Happened: In a somewhat surprising move, Citigroup analysts upgraded Dollar Tree to a &#8216;Buy&#8217; from their earlier &#8216;Neutral&#8217; stance. With a new price target of $103, which represents a 41% upside following its rally on Monday.
The move is surprising because, on the face of it, Dollar Tree seems one of the most exposed to the downsides of the tariffs. Especially, the mammoth 34% reciprocal rates imposed on China, from where it imports an estimated 40% of its merchandise, according to a recent analysis by KeyBanc Capital Markets.
See More: <a href="https://www.benzinga.com/hedge-funds/25/04/44676150/ceos-wall-street-titans-brace-for-sustained-market-downturn-theres-too-much-confidence-in-the-system">CEOs, Wall Street Titans Brace For Sustained Market Downturn: &#8216;There&#8217;s Too Much Confidence In The System&#8217;</a>
The management itself <a href="https://www.benzinga.com/news/global/24/12/42402629/trump-to-change-dollar-stores-for-good-dollar-tree-exec-says-prepared-to-act">commented late last year</a> that it would have to change product specs, pack sizes, and even phase out certain items if the tariffs were reimposed by the new administration.
However, Citi analysts led by Paul Lejuez believe that the higher tariff regime could provide the company with much-needed cover to increase its prices from the standard $1.25 to $1.50 or even $1.75, significantly boosting margins, and without any blowback since it comes at a time when everyone else will be raising prices.
Why It Matters: The Analysts further believe that the tariffs will hit the company&#8217;s rivals much harder, particularly the likes of <a href="https://www.benzinga.com/25/01/42780039/amazons-chinese-rivals-temu-and-shein-got-hit-hard-by-tariffs-in-this-country-is-it-a-sign-of-things-to-come-under-trump">Temu and Shein</a>, and a recession in the coming months should make Dollar Tree&#8217;s value credentials a lot more attractive among consumers. 
Besides this, the company&#8217;s decision to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44505050/dollar-tree-sells-family-dollar-for-1-billion-truly-addition-by-subtraction-analyst-says">sell its Family Dollar segment for $1 billion</a> less than 2 weeks ago led to a broad bullish consensus among most analysts. The sale of the segment that was referred to by Evercore ISI analysts as &#8216;truly addition by subtraction.&#8217;
The average price consensus for the stock now stands at $82.85, with Citi at the high point of $103, which is rather impressive considering current market conditions. 
<figure class="wp-block-image aligncenter 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="168" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07221054/Screenshot-2025-04-08-at-7.36.38-AM-1024x168.png" alt="" class="wp-image-861001" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07221054/Screenshot-2025-04-08-at-7.36.38-AM-1024x168.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07221054/Screenshot-2025-04-08-at-7.36.38-AM-300x49.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07221054/Screenshot-2025-04-08-at-7.36.38-AM-768x126.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/07221054/Screenshot-2025-04-08-at-7.36.38-AM.png 1412w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Dollar Tree still features weak momentum and growth stats, scoring just 26 and 5, respectively. What about its competitor Dollar General? Sign up to <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> today for more such deeper insights.
Read More:
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<li><a href="https://www.benzinga.com/news/25/04/44676267/kevin-oleary-doesnt-believe-tariffs-will-lead-to-a-recession-says-trump-likes-to-actually-let-you-watch-sausage-being-made">Kevin O&#8217;Leary Doesn&#8217;t Believe Tariffs Will Lead To A Recession, Says &#8216;Trump Likes To Actually Let You Watch Sausage Being Made&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

DLTR

Dollar Tree Surges Nearly 8% After Citi Upgrade: Analysts Say Tariffs Could Boost Margins, Not Hurt Them

China&#8217;s Commerce Ministry &#8220;resolutely opposes&#8221; U.S. President Donald Trump&#8216;s threat to impose additional 50% duties on Chinese imports and vowed to take countermeasures to protect its interests, intensifying trade tensions that have already <a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-o">triggered market turmoil</a>.
What happened: The strong response came after Trump announced he would implement higher tariffs if Beijing doesn&#8217;t withdraw the 34% duty it placed on American products last week. Trump set an Apr. 8 deadline for China to reverse its position.
&#8220;The U.S. threat to escalate tariffs on China is a mistake on top of a mistake,&#8221; the Commerce Ministry said in a statement <a href="https://www.cnbc.com/2025/04/08/china-resolutely-opposes-trumps-50percent-tariff-threat-vows-retaliation.html">translated</a> by CNBC. &#8220;China will never accept it. If the U.S. insists on its own way, China will fight to the end.&#8221;
The trade dispute has sparked volatility across global markets, with the S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) falling 0.23% and the Dow Jones Industrial Average tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropping 0.91% in Monday trading. 
See Also: <a href="https://www.benzinga.com/markets/25/04/44677285/elon-musks-brother-and-tesla-board-member-kimbal-musk-calls-trump-most-high-tax-american-president-in-generations-warns-tariffs-are-a-permanent-tax-on-us-consumers">Elon Musk&#8217;s Brother Kimbal Musk Calls Trump &#8216;Most High Tax American President In Generations,&#8217; Warns Tariffs Are A &#8216;Permanent Tax&#8217; On US Consumers</a>
Why It Matters: BlackRock Inc. CEO Larry Fink rejected suggestions that <a href="https://www.benzinga.com/news/management/25/04/44676213/trumps-tariffs-are-impacting-main-street-not-just-wall-street-blackrock-ceo-larry-fink-says">tariffs only impact Wall Street</a>, telling the Economic Club of New York that &#8220;62% of Americans now invest in equities — the market impact is impacting Main Street.&#8221; He warned the tariffs would &#8220;freeze more and more consumption&#8221; in the broader economy.
The dispute has particularly threatened technology sectors. Wedbush Securities analyst Dan Ives predicted U.S. tech <a href="https://in.benzinga.com/markets/equities/24/11/42028788/ola-electric-shares-hit-new-all-time-low-again-whats-going-on">company earnings could decline by 15%</a> if the tariffs proceed as planned, with consumer electronics prices potentially rising 40-50%. &#8220;We assume tariff negotiations start now otherwise dark days are ahead for tech&#8230;and US consumers pay the price,&#8221; Ives wrote.
Federal Reserve Chair Jerome Powell has expressed concern over the &#8220;unexpected size&#8221; of Trump&#8217;s tariffs, warning they would likely drive higher inflation while slowing economic growth. JPMorgan has increased its recession <a href="https://www.benzinga.com/markets/equities/25/04/44655719/trump-tariffs-erode-5-trillion-in-market-cap-in-2-days-as-china-retaliates-jerome-powell-warns-o">forecast to a 60% probability by year-end</a>.
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<li><a href="https://www.benzinga.com/25/04/44659224/billionaire-charlie-munger-said-hed-be-the-richest-man-on-earth-if-he-could-go-back-100-years-and-start-over-i-could-have-done-a-lot-better" target="_blank" rel="noreferrer noopener">Billionaire Charlie Munger Said He'd Be The ‘Richest Man on Earth' If He Could Go Back 100 Years And Start Over — ‘I Could Have Done a Lot Better'</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.

Global

SPDR Dow Jones Industrial Average ETF Trust

China 'Resolutely Opposes' Trump's 50% Tariff Threat, Vows Countermeasures As Trade Tensions Jolt Markets: 'Will Fight To The End'

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has reportedly fired two employees who disrupted the tech giant's 50th-anniversary event on Friday after protesting the company's contracts with Israel and accusing its <a href="https://in.benzinga.com/25/04/44655911/microsoft-worker-disrupts-50th-anniversary-celebration-hurls-accusations-at-ai-ceo-mustafa-suleyman-while-calling-the-tech-giant-war-profiteer">AI CEO of war profiteering</a>.
What Happened: Ibtihal Aboussad and Vaniya Agrawal, both Microsoft employees, staged protests during the company's high-profile 50th-anniversary event in Redmond, Washington.
In an email sent to Aboussad, Microsoft condemned the disruption as &#8220;misconduct&#8221; and stated that Aboussad&#8217;s actions, including &#8220;finger-pointing&#8221; and shouting at Mustafa Suleyman, were inappropriate and aggressive enough to warrant being escorted out by security, <a href="https://www.theverge.com/news/644769/microsoft-fires-employee-protestor-war-profiteer">reported</a> The Verge.
See Also:&nbsp;<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" target="_blank" rel="noreferrer noopener">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China's $138 Billion Push — Warn America Will Lose The Race Without It</a>
The company described Aboussad&#8217;s actions as &#8220;designed to gain notoriety and cause maximum disruption&#8221; and noted that the protester had shown no remorse for the consequences of her actions. "You have shown no remorse for the effect that your actions have had and will have," the email read.
Aboussad was fired by Microsoft Canada, while Agrawal, who had already submitted her resignation, was let go shortly after the protest.&nbsp;
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.
Microsoft previously responded to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments, saying, &#8220;We provide many avenues for all voices to be heard. Importantly, we ask that this be done in a way that does not cause a business disruption. If that happens, we ask participants to relocate. We are committed to ensuring our business practices uphold the highest standards.&#8221;
Why It's Important: Aboussad interrupted a speech by Suleyman, calling him a &#8220;war profiteer&#8221; and demanding that Microsoft stop using AI for &#8220;genocide in our region.&#8221;
On the other hand, Agrawal disrupted the event later by confronting Microsoft co-founder Bill Gates, former CEO Steve Ballmer, and current CEO Satya Nadella.
Both employees belong to &#8220;No Azure for Apartheid,&#8221; a group of Microsoft employees who have been rallying against the company's involvement with the Israeli government, the report noted.
Price Action: Microsoft (MSFT) shares slipped 0.55% on Monday. However, the stock rebounded in the after-hours session, gaining 0.74% to reach $360.50. Year-to-date, Microsoft&#8217;s stock has declined 14.51%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings gives MSFT a growth score of 64.65%. Curious how it stacks up against other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full analysis</a>.
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>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

MSFT

Microsoft Fires Employee Protestors Who Disrupted 50th Anniversary Event: 'You Have Shown No Remorse For The Effect That Your Actions Have'

Leading cryptocurrencies eked out gains on Monday, even as President Donald Trump denied any plans of pausing tariffs amid the market rout.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.45%</td>
<td>$79,159.60</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.36%</td>
<td>$1,550.71</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.80%</td>
<td>$0.1499</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin rose to an intraday high of $81,000 before stabilizing in the $79,000 zone. Ethereum fluctuated between $1,500 and $1,600 a day after experiencing its worst drop since October 2023.
The capital rotation from altcoins to Bitcoin continued, as the apex cryptocurrency's market dominance rose to 62.7%, the highest since January 2021.
Prolific Bitcoin hoarder Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44671650/strategy-reports-59-billion-in-unrealized-bitcoin-losses-pauses-new-purchases">paused purchases</a> last week, citing a lack of participation in its equity issuance program.
Nearly $973 million was liquidated from the market in the last 24 hours, with $632 million in longs erased.
Bitcoin's Open Interest fell 3.63% in the last 24 hours. A drop in OI, coming alongside a rise in prices, indicated the closing of short positions.
Moreover, Bitcoin's Long/Short ratio rose above 1, suggesting that the majority of the traders were betting on BTC's price increase.
The market sentiment remained in "Extreme Fear" mode," according to the Crypto Fear and Greed Index.
Top Losers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Fartcoin (FARTCOIN)</td>
<td>24.25%</td>
<td>$0.5399</td>
</tr>
<tr>
<td>Hyperliquid (HYPE)</td>
<td>14.24%</td>
<td>$11.51</td>
</tr>
<tr>
<td>Bittensor (TAO)</td>
<td>11.35%</td>
<td>$204.69</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.52 trillion, marking a&nbsp; 1.75% increase in the last 24 hours.
The stock slide continued on Monday. The Dow Jones Industrial Average tanked 349.26 points, or 0.91%, to end at 37,965.60. The S&amp;P 500 fell 0.23%, ending at 5,062.25. In a silver lining, the tech-focused Nasdaq Composite inched 0.1% higher to end the session at 15,603.26.
The market experienced wild volatility in the early hours as media reports of Trump mulling a <a href="https://in.benzinga.com/news/25/04/44671308/stock-market-surge-evaporates-as-headline-roulette-plagues-traders-fake-news-white-house-says-in-response-to-90-day-tariff-pause">90-day tariff freeze</a> sparked a brief rise. However, major averages fell again once the White House dismissed the reports as untrue.
Later in the day, Trump <a href="https://www.youtube.com/watch?v=s2lhWk0HaB4">reiterated </a>that the administration was "not looking" to pause tariffs despite the ongoing market rout.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular blockchain analytics firm CryptoQuant highlighted that most of Ethereum holders were in losses as the price has dipped below $2,200, the average cost basis.
"The next major support level is around $1,290, the average cost basis of whales holding over 100,000 Ethereum," CryptoQuant added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">ETH Next Major Support Level $1.29K "The average cost basis for Ethereum holders is $2.2K. The next major support level is around $1.29K, the average cost basis of whales holding over 100K Ethereum." – By <a href="https://twitter.com/MAC_D46035?ref_src=twsrc%5Etfw">@MAC_D46035</a> Read more &#x1f447;<a href="https://t.co/Fr8wZouCXu">https://t.co/Fr8wZouCXu</a> <a href="https://t.co/9DL6FqZsTv">pic.twitter.com/9DL6FqZsTv</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1909236616830349750?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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Another well-known research firm, Santiment, projected an "immediate bullish explosion" in the cryptocurrency market should the tariff landscape change, resulting in reduced or eliminated tariffs between countries.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f4b8; Bitcoin sits at $78.6K at the time of this writing, with Ethereum down to $1.54K. After crypto plummeted this weekend, there have been some positive signs of other countries coming to potential terms that would ease the tariff-driven downswings. Taiwan is the latest country… <a href="https://t.co/fkXCHFcB55">pic.twitter.com/fkXCHFcB55</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1909291326400872946?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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Santiment also noted that Bitcoin&#8217;s crowd sentiment has turned slightly positive again, while Ethereum&#8217;s sentiment was returning to neutral territory over <a href="https://in.benzinga.com/25/04/44660475/more-than-50-nations-ready-to-revisit-tariffs-says-white-house-advisor">willingness by countries to negotiate</a> with the U.S. on tariffs.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f911; Crypto finally saw a temporary jump in market caps following the weekend bloodbath. Trade war fears are being slightly alleviated by Asian and European countries showing willingness to negotiate with the US on tariff policies. This has resulted in Bitcoin&#39;s crowd sentiment… <a href="https://t.co/D9lQiNGCpa">pic.twitter.com/D9lQiNGCpa</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1909290804189053309?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44674867/is-now-the-time-to-buy-bitcoin-tariffs-recession-fears-and-predictions-for-btcs-comeback">Is Now the Time To Buy Bitcoin? Tariffs, Recession Fears And Predictions for BTC&#8217;s Comeback</a></li>
</ul>
Photo courtesy: Shutterstock

Movers

$DOGE

$ETH

MSTR

Bitcoin, Dogecoin Gain, Ethereum Dips As Trump Remains Defiant On Tariff Push: Analyst Anticipates 'Immediate Bullish Explosion' In Crypto If This Happens

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) board member Kimbal Musk criticized President Donald Trump&#8216;s tariff policies Monday, calling him &#8220;the most high tax American President in generations&#8221; through his implementation of what Musk described as a &#8220;structural, permanent tax on the American consumer.&#8221;
What Happened: In a series of posts on X, Musk, the brother of Tesla CEO Elon Musk, argued that tariffs create a cycle of economic harm: &#8220;A tax on consumption also means less consumption, which means less jobs. Which in turn leads to less consumption. And then even fewer jobs.&#8221;
When asked why other countries would care about U.S. tariffs if American consumers bear the cost, Kimbal Musk responded: &#8220;Other countries care because a tax reduces consumption of their goods. Reduced consumption does not create more jobs in America. The net outcome is less jobs on both sides of the borders, and higher prices in America.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Who would have thought that Trump was actually the most high tax American President in generations. Through his tariff strategy, Trump has implemented a structural, permanent tax on the American consumer. Even if he is successful in bringing jobs on shore through the tariff…
&mdash; 
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Elon Musk's Brother Kimbal Musk Calls Trump 'Most High Tax American President In Generations,' Warns Tariffs Are A 'Permanent Tax' On US Consumers

The idea that youth holds the key to innovation isn't new, but Instagram co-founder and <a href="https://www.benzinga.com/personal-finance/25/03/44522899/anthropic-ceo-says-ai-could-write-90-of-code-in-3-to-6-months-warns-every-industry-will-be-affected">Anthropic </a>Chief Product Officer Mike Krieger is making a case for why entrepreneurs in their 20s might have a unique edge.&nbsp;
While some industry veterans agree, others argue experience and grit—not age—are what separate game-changing founders from the rest. Krieger believes young entrepreneurs are in a sweet spot—old enough to execute ideas but still connected to the trends shaping younger audiences.&nbsp;
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&#8220;It's a very special time in your life,&#8221; he said in an interview on the<a href="https://www.youtube.com/watch?v=Tk-EI2yYT3A"> "EO" podcast</a>. &#8220;You're at the intersection of being a teenager, being really tuned into that, but also being able to create.&#8221;
<h2 class="wp-block-heading">Does Youth Equal Innovation? Not Everyone Thinks So</h2>
This perspective has faced criticism, as some argue that experience plays a more significant role in entrepreneurial success than age.<a href="https://www.wsj.com/business/entrepreneurship/the-investor-betting-on-people-in-their-50s-and-60sbecause-older-is-better-f19fd19b">&nbsp;</a>
<a href="https://www.wsj.com/business/entrepreneurship/the-investor-betting-on-people-in-their-50s-and-60sbecause-older-is-better-f19fd19b">The Wall Street Journal</a> recently reported that investors increasingly recognize that older entrepreneurs have advantages such as industry connections, credibility, and deep expertise. This aligns with findings from an April 2018 study by the <a href="https://www.nber.org/system/files/working_papers/w24489/w24489.pdf">National Bureau of Economic Research</a> indicating that the average age of successful startup founders is around 45 years old.
The study analyzed 2.7 million startups and concluded that older entrepreneurs tend to build more resilient, scalable businesses. Still, Krieger's argument holds weight when considering consumer-driven industries.&nbsp;
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Younger entrepreneurs, deeply embedded in digital culture, may be better positioned to identify trends before they peak—something Mark Zuckerberg proved when he launched Facebook at 19.
Historically, the debate isn't new. In the late 1990s, Steve Jobs famously criticized older executives, saying, &#8220;Innovation has nothing to do with how many years you've been around.&#8221; Yet, decades later, Amazon's Jeff Bezos built his empire in his 30s, and Warren Buffett didn't make the majority of his wealth until his 50s. The pattern? There isn't one.
Despite the age debate, one point most experts agree on is the value of relationships. Krieger recalled how interning at a startup solidified this for him. &#8220;It was full of people in their late 30s who had worked together three or four times since they were 20,&#8221; he said. &#8220;The relationships you build in your career will be the relationships you have over and over again.&#8221;
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Silicon Valley is a prime example of this. PayPal's founding team, dubbed the &#8220;PayPal Mafia,&#8221; included Elon Musk, Peter Thiel, and Reid Hoffman—who later built Tesla, Palantir, and LinkedIn, respectively. Their success wasn't just about youth or experience; it was about shared connections and learning from failures together.
Krieger also champions side projects, stating that they often fuel future success. &#8220;Not every step needs to make logical sense,&#8221; he emphasized, noting that seemingly unrelated experiences can later prove invaluable.&nbsp;
&#8220;There were definitely things I did where I thought, ‘Am I wasting my time here?' but later, they connected to the next thing I did.&#8221;&nbsp;
This aligns with how Slack started as a failed gaming company or how <a href="https://www.benzinga.com/news/25/04/44590350/courtroom-clash-no-thank-you-sparks-lawsuit-as-altman-shuts-down-musks-97-4b-bid">X</a> emerged from a struggling podcasting platform. Unconventional paths often lead to groundbreaking ideas—whether you're 22 or 52.
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Instagram's Mike Krieger Reveals A Surprising Key To Startup Success—'Not Every Step Needs To Make Logical Sense'

Joe Gebbia, billionaire co-founder of Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) and current Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) board member, is back in the spotlight for joining the Trump administration's Department of Government Efficiency.
One of the agency&#8217;s goals is purportedly to overhaul the outdated, <a href="https://www.benzinga.com/personal-finance/25/02/43782511/its-like-a-time-warp-elon-musk-exposes-governments-1950s-retirement-system-still-processing-paperwork-by-hand-in-a-limestone-mine">paper-based federal retirement system</a> and replace it with something fast, modern, and, in his words, &#8220;beautifully designed.&#8221;
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<h2 class="wp-block-heading">A Digital Makeover for a Paper-Based System</h2>
&#8220;We really believe that the government can be an Apple Store–like experience: beautifully designed, great user experience, modern systems,&#8221; Gebbia said during a recent <a href="https://www.youtube.com/watch?v=_ZfotdjNi-M">Fox News</a> interview alongside Elon Musk and other DOGE team members.&#8221;We can use design to solve [problems] and good engineering and create a better experience for everybody.&#8221;
Right now, the process of retiring as a federal employee is stuck in the past—literally. The New York Times <a href="https://www.nytimes.com/2025/02/14/us/politics/slash-now-fix-later.html">reported</a> that the applications are handled using 28,000 filing cabinets stored in a limestone cave in western Pennsylvania, a system that&#8217;s been in place since the 1970s. According to Gebbia, the process still takes months to complete.
In the Fox News interview, Musk said DOGE ran into a bottleneck after offering early retirement packages to hundreds of thousands of workers, only to find the government could process just 8,000 retirements per month.
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<h2 class="wp-block-heading">Gebbia Joins DOGE</h2>
<a href="https://www.benzinga.com/25/03/44265658/billionaire-airbnb-founder-works-with-elon-musk-at-doge">Gebbia joined DOGE</a> earlier this year after a conversation with Musk and fellow team member Anthony Armstrong, a former Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) banker. &#8220;They told me something about a mine that dealt with retirement, and they said that they need somebody to help out to fix retirement in the government. I love the challenge, so I jumped on board.&#8221;
But not everyone is thrilled. As Forbes <a href="https://www.forbes.com/sites/suzannerowankelleher/2025/03/05/airbnb-distances-billionaire-cofounder-doge-musk/">reported</a> last month, news of Gebbia&#8217;s DOGE role has sparked backlash among Airbnb hosts and guests, with hundreds of negative comments appearing on the platform&#8217;s community portal. Some users have even threatened to stop using Airbnb. Complaints range from &#8220;I am extremely disturbed&#8221; to &#8220;Joe Gebbia cannot remain on the board.&#8221;
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Airbnb has tried to calm the waters. Spokesperson Christopher Nulty told Forbes, &#8220;Joe is joining DOGE in his personal capacity&#8221; and emphasized that his &#8220;personal views don&#8217;t reflect the views of Airbnb or Airbnb.org.&#8221;
Gebbia has not had an operational role at Airbnb since 2022 but remains on the board. He also sits on the board at Tesla and is reportedly a close associate of Musk. According to Forbes, he holds a 7% stake in Airbnb, worth around $8.6 billion, and recently sold $30.4 million worth of Airbnb stock in February.
His political activity has also raised eyebrows. While his Airbnb co-founders Brian Chesky and Nate Blecharczyk have supported Democratic candidates, Gebbia donated tens of thousands to Libertarian causes and nearly $178,000 to Robert F. Kennedy Jr.&#8216;s campaign.
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ABNB

Airbnb Co-Founder And DOGE Employee Joe Gebbia Says, 'Government Can Have An Apple Store-Like Experience' That's 'Beautifully Designed'

Kevin O&#8217;Leary, better known as &#8220;Mr. Wonderful&#8221; from ABC's &#8220;Shark Tank,&#8221; isn't buying into <a href="https://www.benzinga.com/25/03/44270128/us-recession-probability-escalates-to-35-amid-tariffs-pimco-sounds-alarm">recession fears</a> fueled by recent tariff moves. In a recent interview on CNN that he <a href="https://x.com/kevinolearytv/status/1907132858436931845">posted on X</a>, O&#8217;Leary said many economic forecasts are assuming tariffs will be &#8220;permanent and in perpetuity,&#8221; which he believes is unrealistic.
&#8220;I don&#8217;t think that&#8217;s the case,&#8221; he said. &#8220;What&#8217;s unusual about the situation we have now is Trump likes to actually let you watch sausage being made. He&#8217;s <a href="https://www.benzinga.com/government/regulations/25/03/44575292/trump-to-target-dirty-15-countries-with-tariffs-which-countries-could-be-included">putting tariffs on the entire world</a>. Never been done.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A lot of these forecasts are based on the idea that tariffs are going to be permanent and in perpetuity, and I don&#39;t think that&#39;s the case. I think what&#39;s unusual about the situation we have now is Trump likes to actually let you watch sausage being made. He&#39;s putting tariffs on… <a href="https://t.co/kysCgFFw9m">pic.twitter.com/kysCgFFw9m</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1907132858436931845?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
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<h2 class="wp-block-heading">It&#8217;s About Reciprocity, Not Isolation</h2>
O&#8217;Leary explained that this approach is part of a broader push to make tariffs reciprocal. According to him, many of these trade rules date back to World War II and Trump is now trying to balance them out across countries.
&#8220;What he really wants to do is bring the ratio of tariffs to be equivalent between England or Canada or Mexico or any country,&#8221; O&#8217;Leary said. &#8220;In the end, if they&#8217;re going to be reciprocal, that actually promotes free trade.&#8221;
He argued that equal tariffs on both sides of a trade deal are inefficient. &#8220;It&#8217;s stupid to have the same equal tariff on both sides of any country. It&#8217;s just dumb. And everybody knows that.&#8221;
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<h2 class="wp-block-heading">Canada&#8217;s Situation Is Political, Not Economic</h2>
O&#8217;Leary also pointed to Canada, saying the tension there is more about politics than trade. He claimed Canadian politicians are using anti-Trump sentiment to energize voters ahead of an upcoming election.
&#8220;They&#8217;re using Trump to get out the base to vote, anti-Trump everywhere,&#8221; O&#8217;Leary said. He specifically called out the Canadian Prime Minister Mark Carney, saying, &#8220;He&#8217;s using Trump as the fulcrum to try to stay in power, or at least his party stays in power.&#8221;
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<h2 class="wp-block-heading">No Recession in Sight</h2>
Despite the noise, O&#8217;Leary said he doesn't see signs of an economic downturn.
&#8220;I don&#8217;t think this is going to cause a recession. I don&#8217;t see it in my own companies yet. And I think it&#8217;s going to be short-lived,&#8221; he said.
He added that some U.S. politicians are already calling for zero tariffs on both sides of the U.S.-Canada border. &#8220;As occurred just 48 hours ago when Sen. [John] Kennedy out of Louisiana said, &#8216;Hey, what, are we idiots here? Canadians, zero tariffs. U.S., zero tariffs.'&#8221;
In O&#8217;Leary&#8217;s view, this period of tariff tension is part of a longer process of rebalancing global trade, and not something that should spark panic.
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Kevin O'Leary Doesn't Believe Tariffs Will Lead To A Recession, Says 'Trump Likes To Actually Let You Watch Sausage Being Made'

The S&amp;P 500 fell 0.7% and the Dow Jones dropped 342 points in Monday's volatile session marked by record intraday swings. Chamath Palihapitiya said the impact of Trump's tariffs is confined to Wall Street's wealthy investors while sparing Main Street Americans, but BlackRock Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) CEO <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44672506/blackrock-ceo-larry-fink-warns-many-already-believe-the-us-is-in-a-recession">Larry Fink disagrees.&nbsp;</a>
What To Know: Palihapitiya shared a social media <a href="https://x.com/chamath/status/1908375732788908422">post</a> on Sunday saying that "the top 10% of American households own 88% of the total equities owned by American households" while "the next 40% of households own 12%." He <a href="https://www.benzinga.com/markets/equities/25/04/44660335/chamath-palihapitiya-warns-fed-and-trump-may-no-longer-rescue-markets-as-bottom-50-of-americans-have-zero-interest-in-stocks">then claimed</a> "the bottom 50% of Americans have zero interest in the stock market."&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The top 10% of American households own 88% of the total equities owned by American households. The next 40% of households own 12%. This means the bottom 50% of Americans have ZERO interest in the stock market, are likely in debt and, simply, just want to do better. This… <a href="https://t.co/wSxXGxAquc">https://t.co/wSxXGxAquc</a>
&mdash; Chamath Palihapitiya (@chamath) <a href="https://twitter.com/chamath/status/1908375732788908422?ref_src=twsrc%5Etfw">April 5, 2025</a></blockquote>
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BlackRock CEO Larry Fink pushed back on the idea that Wall Street and Main Street are disconnected when he spoke to the Economic Club of New York on Monday.&nbsp;
&#8220;The reality is 62% of Americans now invest in equities — the market impact is impacting Main Street,&#8221; Fink said, per Reuters.&nbsp;
The tariffs and the resulting economic turmoil are "going to freeze more and more consumption, I think we&#8217;re going to start seeing that really quickly,&#8221; he added.&nbsp;
Why It Matters: The market is reacting to more than just portfolio risk, it is pricing in the potential for real economic damage. Tariffs hit the cost of goods directly, disrupt supply chains and weaken demand.&nbsp;
Journalist Matt Zeitlin <a href="https://x.com/MattZeitlin/status/1909225690672541705">explained on</a> Monday that tariffs are more than just a stock market issue, they are a pricing shock that hits sectors of the economy tied to credit, employment and everyday goods.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">One interesting thing is that we haven't really seen the &#x2A;real&#x2A; effects of the tariffs yet, just market effects, ranging from "everything in Walmart is more expensive" to "used car market dries up" to "obscure link in the industrial supply chain collapses"
&mdash; Matthew Zeitlin (@MattZeitlin) <a href="https://twitter.com/MattZeitlin/status/1909225690672541705?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
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</figure>
Economically sensitive stocks like industrials and retailers are under pressure and being repriced for real-world consequences.&nbsp;
The SPDR Select Consumer Discretionary Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), tracking industries like retail, automotive and leisure, has dropped more than 12% over the past month.  The SPDR Select Industrial Sector Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>), tracking industrials like aerospace, defense, construction, engineering and electrical equipment firms, has fallen more than 10% in the past week alone. 
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