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最新ニュース Direxion Shares ETF Trust Direxion Daily Crypto Industry Bear 1X Shares (ARCA:REKT)

Direxion Shares ETF Trust Direxion Daily Crypto Industry Bear 1X Shares

The Fund, under normal circumstances, invests at least 80 percent of the Funds net assets (plus borrowing for investment purposes) in financial instruments, including swap agreements, futures contracts, or short positions, that, in combination, provide 1X daily inverse (opposite) or short exposure to the Index or to exchange-traded funds (ETFS) that track the Index, consistent with the Funds investment objective.

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Direxion Daily Crypto Industry Bear 1X Shares

Thousands of North Korean IT workers have been found to be working undercover in Fortune 500 companies, with their earnings being used to fund Kim Jong Un&#8216;s illicit weapons programs.
What Happened: These IT professionals have been using stolen or fabricated identities to gain employment in these companies, <a href="https://fortune.com/2025/04/07/north-korean-it-workers-infiltrating-fortune-500-companies/">reported</a> Fortune. The U.S. Treasury, State Department, and FBI estimate that this operation has been generating hundreds of millions annually since 2018.
The North Korean engineers are not only impersonating Americans but are also leveraging advanced AI to alter their appearances and voices. They are even managing to hold multiple jobs simultaneously, thereby increasing the amount of money funneled back to North Korea.
Harrison Leggio told the publication that nearly all the résumés he gets for roles at his crypto startup g8keep—about 95%—are actually from North Korean engineers pretending to be Americans.
See Also:&nbsp;<a href="https://benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets" target="_blank" rel="noreferrer noopener">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>
Michael Barnhart, an intelligence leader at Google Cloud, stated that these engineers are stationed in China and Russia, where they use AI to create impressive bios and apply for jobs in bulk. 
Why It Matters: Despite attempts to disrupt this operation, cybersecurity firm CrowdStrike reported that North Korean IT workers were behind 304 incidents in 2024, and their activities increased during the latter half of the year. The firm predicts that these campaigns will continue in 2025, given their financial success.
This recent revelation is not an isolated incident. <a href="https://www.benzinga.com/news/24/02/37198046/kim-jong-uns-north-korea-is-leveraging-ai-for-tech-theft-nuclear-funding-report">North Korean hackers</a> were already leveraging AI to facilitate their cyber operations, targeting employees of global defense, cybersecurity, and cryptocurrency companies. 
In 2024, the U.S. Justice Department accused an American woman and a Ukrainian man of being involved in a scheme that allegedly helped North Korea fund its <a href="https://www.benzinga.com/news/24/05/38889012/kim-jong-uns-north-korea-used-american-it-scammer-to-fund-nuclear-weapons-program-doj">nuclear weapons program</a>. The scheme involved more than 300 U.S. companies hiring foreign nationals with North Korean connections for remote IT work.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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North Korean IT Workers Impersonating Americans To Land Jobs At Fortune 500 Companies To Fund Kim Jong Un's Weapons Program: Report

Revenues for March 2025
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">Period</td>
<td colspan="1" rowspan="1">2025</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">Y/Y Change</td>
<td colspan="1" rowspan="1">Y/Y (%)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">March</td>
<td colspan="1" rowspan="1">19,858,647</td>
<td colspan="1" rowspan="1">18,167,134</td>
<td colspan="1" rowspan="1">1,691,513</td>
<td colspan="1" rowspan="1">9.31%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Jan.-Mar.</td>
<td colspan="1" rowspan="1">57,858,957</td>
<td colspan="1" rowspan="1">54,632,099</td>
<td colspan="1" rowspan="1">3,226,858</td>
<td colspan="1" rowspan="1">5.91%</td>
</tr>
</tbody>
</table>
</figure>

United Microelectronics Reported March Revenue Growth Of 9.31% YoY

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The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, with the Dow Jones index falling for the third straight session.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell around 2.6% on Monday, while Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) lost 3.7% during the session.
On Truth Social, Trump stated that China had imposed retaliatory tariffs of 34%, on top of what he described as already record-setting tariffs, despite prior warnings that such measures would be met with significantly higher U.S. tariffs. He added that if China did not reverse the 34% hike by April 8, the United States would respond with additional tariffs of 50%, effective the following day.
On the economic data front, the Manheim Used Vehicle Value Index fell 0.7% month-over-month in March, matching the pace of decline in the previous month.
Most sectors on the S&amp;P 500 closed on a negative note, with real estate, materials, and utilities stocks recording the biggest losses on Monday. However, communication services and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 349 points to 37,965.60 on Monday. The S&amp;P 500 fell 0.23% to 5,062.25, while the Nasdaq Composite gained 0.10% at 15,603.26 during Monday's session.
Investors are awaiting earnings results from Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), and Cal-Maine Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 4.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Monday, versus a prior reading of 4.0.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Dow Falls For 3rd Session Amid Trump's Tariff Threats As Apple, Tesla Decline: Greed Index Remains In 'Extreme Fear' Zone

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An early investor in Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) transferred over $3 million in ETH to a cryptocurrency exchange on Monday, following a seven-year hiatus.
What Happened: The whale purchased 10,001 ETH at $352 apiece in November 2017, according to on-chain tracking platform Lookonchain. They resisted selling even when ETH&#8217;s value soared to&nbsp;$4,878 during the last bull&nbsp;run in 2021.
However, in an intriguing turn of events, the Ethereum OG deposited about $2,000 ETH, worth $3.11 million, to&nbsp;Kraken late on Monday. 
It was not immediately known if the investor sold the entire stash. But if they did, they would book a profit of $12.3 million. Notably, this was substantially lower than the peak unrealized profit of $45 million.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> OG deposited 2,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>($3.11M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw">#Kraken</a> after 7 years of dormancy. This OG bought 10,001 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>(cost $3.52M) at $352 in November 2017—and didn't sell even when <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> hit $4,878 during the last bull run. He's now sitting on a $12.3M profit, but the unrealized profit… <a href="https://t.co/mhKm1ywITN">pic.twitter.com/mhKm1ywITN</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1909461953095118855?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Whale activity spiked across the board, as ETH transactions worth more than $100,000 soared over 77% in the last 24 hours, <a href="https://app.intotheblock.com/">according</a> to IntoTheBlock. Moreover, ETH held by long-term holders fell, signaling that diamond hands were selling.
Notably, the percentage of top futures traders on Binance who are bullish on ETH dropped from 86% to 79% over the last 24 hours, as per <a href="https://www.coinglass.com/TopTrader/Binance">data </a>from Coinglass.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44677895/another-crypto-firm-set-to-go-public-galaxy-digital-foresees-nasdaq-listing-soon-after-sec-approves-delaware-move">Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move</a>
Why It Matters: This transfer comes at a time when the cryptocurrency market was attempting a rebound from <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44659799/bitcoin-plunges-below-80000-ethereum-dogecoin-crash-as-cryptocurrencies-mirror-stocks-amid-trump-tariff-mayhem-analyst-flags-critical-support-level-for-btc">Sunday&#8217;s bloodbath</a>, which saw ETH plummet to levels not seen since October 2023.
The bigger picture was still gloomy for the second-largest cryptocurrency as it was down over 14% in a week, and more than 27% in a month.
Price Action:&nbsp; At the time of writing, ETH was exchanging hands at $1,577.77, up 2.94% 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>. 
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Photo courtesy: Shutterstock

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

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After 7-Year Dormancy, Ethereum Whale Transfers $3 Million To Crypto Exchange: What's The Strategy?

The White House&#8217;s recent tariff calculations are reportedly&nbsp;based on an error that&nbsp;inflated the rates by approximately four times, according to a conservative think tank.
What Happened: The White House used incorrect values in its tariff formula, leading to a significant overestimation of the rates, finds the American Enterprise Institute (AEI). The AEI scholars, Stan Veuger and Kevin Corinth, discovered that the White House used retail price changes instead of import price changes in its calculations. This error resulted in a fourfold increase in the tariff rates, <a href="https://fortune.com/2025/04/07/trumps-tariff-formula-was-rigged-to-get-inflated-ra[%E2%80%A6]ng-value-for-one-of-its-variables-conservative-think-tank-says/">Fortune </a>reported.
Veuger criticized the lack of professionalism, stating, &#8220;It&#8217;s pretty bush league.&#8221; He and Corinth argued that the incorrect formula has no basis in economic theory or trade law. "For such a big policy you'd expect a much higher level of professionalism,&#8221; Veuger told the publication.
The White House estimated the import price elasticity at 0.25, whereas the correct value should have been 0.945, stated the AEI.
The White House did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
Another AEI economist,&nbsp;Derek Scissors, suggested on CNBC that the administration intentionally manipulated the math to achieve higher tariffs. "This whole thing was rigged," indicated Scissors.
Following the announcement of the new tariff regime by President&nbsp;Donald Trump, global markets experienced significant downturns. The scholars hope that the White House will correct the mistake and lower the tariff rates, potentially boosting the economy and helping to prevent a recession.
SEE ALSO:&nbsp;<a href="https://benzinga.com/25/04/44646615/donald-trump-predicts-a-market-boom-with-6-7-trillion-in-inflows-after-the-selloff-elon-musk-mark-zuckerberg-and-jensen-huang-lost-34-billion-in-a-single-day-eric-trump-suggested-buying-bitcoin-below-90000-but-it-hasnt-surgedcan-it-recover-top-headlines-while-the-us-slept" target="_blank" rel="noreferrer noopener">Donald Trump Predicts A Market Boom With $6-7 Trillion In Inflows After The Selloff; Elon Musk, Mark Zuckerberg, And Jensen Huang Lost $34 Billion In A Single Day; Eric Trump Suggested Buying Bitcoin</a>
Why It Matters: The White House faced controversy for using a simplistic formula to calculate "reciprocal tariffs." They took the U.S. trade deficit with a foreign country, divided it by that country's exports to the U.S., then halved the result to set the tariff rate. They defended the calculations, stating that using retail prices was justified as consumers base their purchasing decisions on these prices. 
However, Veuger and Corinth, referencing research by Alberto Cavallo, Harvard Business School professor, contended that the calculations misunderstood the distinction between retail prices and import prices.
This isn&#8217;t the first time the Trump administration&#8217;s tariff calculations have been criticized. Earlier this month,&nbsp;<a href="https://www.benzinga.com/markets/equities/25/04/44625309/teacher-would-laugh-and-say-sit-down-top-analyst-compares-trumps-reciprocal-tariff-calculations-to-a-9th-graders-economics-project">Wedbush analyst Dan Ives</a>&nbsp;compared the administration&#8217;s tariff calculations to a high school economics project, suggesting they were overly simplistic and failed to consider complex economic factors. 
The recent findings by AEI scholars further underscore the concerns about the administration&#8217;s approach to tariffs and their potential impact on the global economy.
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<li>READ MORE: <a href="https://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" target="_blank" rel="noreferrer noopener">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; &#8211; Benzinga</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Did Trump Team Manipulate Tariff Formula To Achieve Higher Rates? Experts Weigh In As They Think 'Whole Thing Was Rigged'

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The CBOE Volatility Index, also known as the &#8220;fear gauge,&#8221; has spiked over the last few days, raising investor concerns about the direction in which the stock market is headed. These analysts identify historical patterns of the VIX spike similar to the Global Financial Crisis and the COVID-19 pandemic.
What Happened: The VIX closed at 45.31 on Monday and ended Tuesday at the 46.98 level. This marked a rare two-day close over the 45+ level as highlighted by Bill Luby, the former CIO at Luby Asset Management LLC.
According to Luby, the index hasn&#8217;t closed above this level for two consecutive days since the Great Financial Crisis of 2008-09 and the COVID-19 pandemic of 2020.
<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">Consecutive 45+ <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> closes are extremely rare. So rare that only two previous crises have included at least two 45+ closes in a row: the Great Financial Crisis of 2008-09 and the Pandemic of 2020.
&mdash; Bill Luby (@VIXandMore) <a href="https://twitter.com/VIXandMore/status/1909346105835634993?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Moreover, the gauge has risen by 118% over the last three sessions, which marks the fifth-highest three-day spike for the index.
The biggest three-day spike witnessed by the VIX index stood at 176% back in February 2018. This was followed by a 5.4% gain in the S&amp;P 500 index after one year and 70.6% of returns after five years.
Similarly, according to the data shared by Charlie Bilello, the chief market strategist at Creative Planning, the second-highest three-day VIX spike of 167% happened in August 2015, which led to 98.6% of gains in the S&amp;P 500 index after five years.
&#8220;Stocks have tended to bounce back with above-average returns over the next 1-5 years. High volatility/fear = opportunity,&#8221; said Billelo in an X post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> increased 118% over the last 3 trading days, the 5th biggest 3-day spike ever. What has happened in the past following the biggest <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> spikes? Stocks have tended to bounce back with above-average returns over the next 1-5 years. High volatility/fear = opportunity. <a href="https://t.co/3X373zS1K8">pic.twitter.com/3X373zS1K8</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1909370006569206218?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Jason Goepfert, a consultant at the White Oak Consultancy LLC, highlighted a contradictory pattern where the S&amp;P 500 rises after the VIX index hits the 45+ level for the first time in a month.
&#8220;A spike above 45 in the $VIX has generally been a pretty good panic-clearing signal,&#8221; he said. However, Goepfert clarified that the data may be less accurate before times when VIX futures traded.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A spike above 45 in the <a href="https://twitter.com/search?q=%24VIX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$VIX</a> has generally been a pretty good panic-clearing signal. May be less accurate prior to times when VIX futures traded. <a href="https://t.co/Ns6qDTBSWs">pic.twitter.com/Ns6qDTBSWs</a>
&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1908150229947265176?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44662730/bill-ackman-slams-commerce-secretary-lutnick-for-ignoring-stock-market-crash-he-and-cantor-are-long-bonds">Bill Ackman Slams Commerce Secretary Howard Lutnick For Ignoring Stock Market Crash: &#8216;He And Cantor Are Long Bonds&#8217;</a>
Why It Matters: The stock market ended Monday on a mixed note after a volatile session of gains and losses. This was fueled by the news that Trump was weighing a three-month delay on tariffs. However, the White House dismissed it as fake news, and the indices sank again.
As of Tuesday, the S&amp;P 500 was 17.65% below its previous record high of 6,147.43 points. The Nasdaq 100 continued to hover in the bear market territory, 21.56% lower from its previous high of 22,222.61 points. The Dow Jones, on the other hand, was down by 15.77% from its 52-week high of 45,073.63 points.
The market selloff intensified after President Donald Trump introduced tariffs on all U.S. trading partners and announced higher tariffs for the so-called &#8220;bad actors&#8221; on Wednesday last week. The markets fell for two consecutive sessions on Thursday and Friday following the policy announcements and closed mixed on Monday.
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, were mixed on Monday. The SPY was down 0.18% to $504.38, while the QQQ advanced 0.24% to $423.69, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Tuesday, the futures of Dow Jones were up 1.59%, whereas the S&amp;P 500 and Nasdaq 100 indices rose 1.25% and 1.03%, respectively.
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Volatility Gauge VIX More Than Doubles In 3 Days: Crosses The 45 Mark For 2nd Day, 1st Time Since 2008 Financial Crisis

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The Social Security Administration&#8217;s (SSA) computer systems have been reportedly plagued by glitches, causing millions of recipients to receive false alerts about payment stoppages,
What Happened: The SSA&#8217;s computer systems, already strained due to outdated technology, have been experiencing an increased number of glitches, <a href="https://edition.cnn.com/2025/04/04/politics/social-security-tech-team-layoffs/index.html">sources</a> told CNN. This has reportedly led to widespread panic among recipients, especially following a significant outage of the MySSA portal last week.
The portal, which allows recipients to manage their benefits online, was not the only system affected; other cloud and internal systems also experienced issues, according to the report. 
These problems surfaced at a time when the Department of Government Efficiency (DOGE), under the leadership of Elon Musk, was implementing payroll cuts across the federal government. This has resulted in a decrease in IT staff who maintain these critical systems.
See Also: <a href="https://benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets" target="_blank" rel="noreferrer noopener">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>
Despite the system glitches and false alerts, recipients have confirmed that their monthly payments are still being deposited into their bank accounts. However, the frequent system outages and reduced IT staff have raised concerns about potential disruptions in future payments.
Why It Matters: The SSA has been undergoing significant changes recently. <a href="https://in.benzinga.com/personal-finance/financial-advisors/25/03/44067592/social-security-now-even-less-reliable-millennials-than-ever">The Social Security Fairness Act</a> was signed into law, leading to the repeal of the Social Security Government Pension Offset and Windfall Elimination Provision. 
This was followed by an <a href="https://in.benzinga.com/25/03/44153127/will-social-securitys-restructuring-impact-your-monthly-benefits-heres-what-to-know">agency-wide restructuring</a>, which included major workforce reductions.
These changes, coupled with the recent system glitches, have led to growing concerns about the reliability of the SSA. Senator Angus King described the situation as &#8220;<a href="https://in.benzinga.com/personal-finance/25/03/44552524/sen-angus-king-on-social-security-whats-going-on-is-the-destruction-of-the-agency-from-the-inside-out-and-its-accelerating">the destruction of the agency</a> from the inside out, and it&#8217;s accelerating.&#8221;
 Read Next: <a href="https://www.benzinga.com/government/regulations/25/04/44674785/trump-vows-to-reset-global-trade-warns-iran-faces-great-danger-if-talks-fail">Trump Vows To &#8216;Reset&#8217; Global Trade, Warns Iran Faces &#8216;Great Danger&#8217; If Talks Fail</a>
Photo: Visuals6x/Shutterstock

Regulations

Millions Of Americans Panic After Receiving Erroneous Social Security Suspension Notices Due To System Glitch: Report

In March, Volaris' ASM capacity increased by 10.9% year-over-year, while RPMs for the month grew by 7.8%. Mexican domestic RPMs increased 9.9%, while international RPMs increased 4.6%. As a result, the load factor decreased by 2.4 percentage points year-over-year to 84.4%. During the month, Volaris transported 2.6 million passengers.

VLRS

Reported Earlier, Volaris Reports March 2025 Traffic Results: ASM Capacity Increased 10.9% YoY, RPMs Up 9.9% And Load Factor 84.4%

IPOs

RYET

Reported Earlier, Ruanyun Edai Technology Prices $15M Initial Public Offering Of 3.75M Ordinary Shares At $4/Share

Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) CEO Tobi Lutke has introduced a new policy requiring employees to demonstrate that their tasks cannot be accomplished using AI before requesting additional staff.
What Happened: In a memo shared with staff and posted to X, formerly Twitter, on Monday, Lutke outlined a shift in Shopify's approach to hiring and resource allocation.
The memo emphasized that employees should consider AI as a tool for productivity before asking for more human resources.
"What would this area look like if autonomous AI agents were already part of the team?" Lutke asked in the memo. "This question can lead to really fun discussions and projects."
See Also: <a href="https://in.benzinga.com/25/02/43615957/shopify-gears-up-for-q4-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">Shopify Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
He further stressed that using AI has been a "multiplier" for productivity, helping employees achieve results that were once considered impossible or too daunting to attempt.
Lutke highlighted that AI usage would now be incorporated into performance reviews, signaling the company&#8217;s push to embed artificial intelligence into daily tasks across all teams.&nbsp;
"I've seen many of these people approach implausible tasks, ones we wouldn't even have chosen to tackle before, with reflexive and brilliant usage of AI to get 100X the work done," Lutke wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://t.co/6i6h3sKi3x">https://t.co/6i6h3sKi3x</a>
&mdash; tobi lutke (@tobi) <a href="https://twitter.com/tobi/status/1909251946235437514?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: The directive comes as tech companies increasingly embrace AI, with Shopify rolling out AI-powered tools such as the "Sidekick" chatbot and the automation suite "Shopify Magic" to assist its merchants.
In February, Shopify reported <a href="https://in.benzinga.com/news/earnings/25/02/43622684/shopify-q4-earnings-31-revenue-surge-free-cash-flow-growth-gmv-hits-94-5-billion">fourth-quarter revenue</a> of $2.81 billion, marking a 31% year-over-year increase and surpassing analysts' expectations of $2.73 billion.
Price Action: Shopify&#8217;s stock has declined about 26.70% year-to-date, ending Monday's session at $78.82 after gaining 2.51%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge Stock Rankings gives Shopify (SHOP) a strong growth score of 95.11%. 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>.
Read Next:
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<li><a href="https://in.benzinga.com/markets/equities/25/02/43649078/shopify-secures-12-of-us-e-commerce-pie-as-reebok-champion-and-warner-music-join-platform">Shopify Secures 12% Of US E-Commerce Pie As Reebok, Champion, And Warner Music Join Platform</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

Tech

Media

SHOP

Shopify CEO Tobi Lutke Says Employees Must Prove AI Can't Handle Their Tasks Before Requesting More Headcount

Reported Earlier, BlackBerry QNX Selected As Foundational Software For Leapmotor's B10 SUV

Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) will release earnings results for the second quarter, before the <a href="https://www.benzinga.com/quote/WBA/earnings">opening bell on Tuesday, April 8.</a>
Analysts expect the company to report quarterly earnings at 53 cents per share, down from $1.2 per share in the year-ago period. According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Walgreens projects quarterly revenue at $38.0 billion, compared to $37.05 billion a year earlier.
On March 6, Walgreens Boots Alliance entered an agreement to be acquired by private equity firm Sycamore Partners.
Walgreens shares gained 0.3% to close at $10.71 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/WBA/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Deutsche Bank analyst George Hill downgraded the stock from Hold to Sell and cut the price target from $11 to $9 on Feb. 28, 2025. This analyst has an accuracy rate of 63%.</li>
<li>Truist Securities analyst David Macdonald maintained a Hold rating and lowered the price target from $13 to $12 on Jan. 31, 2025. This analyst has an accuracy rate of 69%.</li>
<li>RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and raised the price target from $9 to $12 on Jan. 15, 2025. This analyst has an accuracy rate of 61%.</li>
<li>B of A Securities analyst Allen Lutz maintained an Underperform rating and boosted the price target from $7.5 to $8.5 on Jan. 13, 2025. This analyst has an accuracy rate of 61%.</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and increased the price target from $9 to $10 on Oct. 17, 2024. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying WBA stock? Here&#8217;s what analysts think:
Read This Next: 
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<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>
Photo via Shutterstock

Price Target

Analyst Ratings

Top Wall Street Forecasters Revamp Walgreens Price Expectations Ahead Of Q2 Earnings

Buybacks

BWLP

BW LPG Launches $20M Share Buyback Program For Up To 3M Shares

Enabling financial institutions to scale digital asset strategies effectively in compliance with global regulation, while further enhancing investor education and choice

Broadridge Launches Digital Asset Solutions To Scale Strategies And Ensure Global Compliance

XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) charted a sharp recovery Monday ahead of the launch of its first-ever exchange-traded fund on Wall Street.
What happened: The fourth-largest cryptocurrency by market capitalization spiked 5% in the last 24 hours, marking a <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44672120/xrp-down-10-in-a-single-day-is-the-worst-over">significant turnaround</a> from the "Black Sunday" crash. XRP outgained market titans like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which rose 3.61% and 3.17%, respectively.
The coin's trading volume jumped 95% to $13.42 billion, making it the third-most traded cryptocurrency excluding stablecoins.
<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>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The upsurge was most likely in anticipation of the debut of a leveraged ETF that will allow investors to double their exposure to daily price changes in the XRP market.
The Teucrium 2x Long Daily XRP ETF, with the ticker XXRP, is expected to launch on the NYSE Arca exchange, a subsidiary of the New York Stock Exchange.
"The Fund may enter into cash-settled XRP futures contracts trading on exchanges registered with the Commodity Futures Trading Commission," asset manager Teucrium Investment Advisors, which is launching the fund, said on its website.
The company also flagged several potential risks associated with the fund and asked customers to weigh them before investing.
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>
Why It Matters: Note that the investment vehicle would be different from XRP<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum"> spot ETF products</a>, for which applications have been <a href="https://in.benzinga.com/25/03/44268317/sec-postpones-approval-of-several-crypto-spot-etfs-says-influential-analyst">submitted</a> to the SEC by issuers such as Grayscale, Canary Capital, and 21Shares.
Leading Bloomberg ETF analyst Eric Balchunas said that the odds of approval of XRP spot ETFs are "pretty high."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A 2x XRP ETF is launching tmrw in US, the first-ever XRP ETF on the market. Very odd (maybe a first) that a new asset's first ETF is leveraged. Spot XRP still not approved, altho our odds are pretty high. Story via ⁦⁦<a href="https://twitter.com/isabelletanlee?ref_src=twsrc%5Etfw">@isabelletanlee</a>⁩ <a href="https://t.co/Eg4Wq5Y1Qi">pic.twitter.com/Eg4Wq5Y1Qi</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1909364066088263883?ref_src=twsrc%5Etfw">April 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">The ETF launch follows the<a href="https://in.benzinga.com/25/03/44294333/xrp-gains-on-report-that-ripple-sec-case-could-end-soon"> end of the four-year-long legal battle</a> between blockchain company&nbsp;Ripple Labs and the SEC over the status of XRP.</figcaption></figure>
Price Action:&nbsp; At the time of writing, XRP was exchanging hands at $1.89, up 5.04% 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>. Year-to-date, the cryptocurrency was down 8.41%.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance">OnlyFans Founder&#8217;s Startup And HBAR Foundation Enter Race To Acquire Tiktok To Maintain &#8216;American Ownership And Governance&#8217;</a></li>
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Photo courtesy: Shutterstock