Springview Holdingsの空売り状況は、投資家がSpringview Holdingsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Springview Holdings (NASDAQ:SPHL) 株価情報, 空売り情報

Springview Holdings Ltd is a company that conducts its operations through its indirect wholly-owned subsidiary which designs and constructs residential and commercial buildings in Singapore. It also provides four main types of works which includes new construction, reconstruction, Additions and Alterations (A&A), and other general contracting services such as renovation and design consultation.

Springview Holdings Ltd - Ordinary shares

Springview Holdings Ltd

Risk-off sentiment returned ahead of the Federal Reserve's policy meeting, sending gold and its cryptocurrency derivatives higher on Monday.
What happened: Spot gold was up 0.74% to $3,358.91 per ounce as of this writing, after hitting a two-week high earlier in the session.
The gains filtered down to physical gold-backed cryptocurrencies, spurring a 3% spike in Tether Gold and PAX Gold.
With the latest spike, the two coins extended their year-to-date gains to over 28%, becoming one of the most valuable cryptocurrency investments in 2025.
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/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked">Trump Denies Personal Profit From Memecoin Venture: &#8216;I Haven&#8217;t Even Looked&#8217;</a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>YTD Gains +/-</td>
<td>Price (Recorded at 12:45 a.m. ET)</td>
</tr>
<tr>
<td>PAX Gold (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/paxg/usd">PAXG</a>)</td>
<td>+3.04%</td>
<td>+28.30%</td>
<td>$3,378.49</td>
</tr>
<tr>
<td>Tether Gold (CRYPTO: XAUT)</td>
<td>+3.02%</td>
<td>+28.44%</td>
<td>$3,373.35</td>
</tr>
</tbody>
</table>
</figure>
Bitcoin, on the other hand, <a href="https://www.benzinga.com/25/05/45212767/bitcoin-ethereum-flat-dogecoin-dips-even-as-trump-calls-crypto-popular-analyst-says-btc-build-up-good-predicts-eth-uptrend-after-fed-meet">remained muffled</a>, gaining only 0.15% in the last 24 hours. Year to date, the apex cryptocurrency has risen 1.24%, significantly trailing the gold-backed cryptocurrencies.
The cautious tone comes ahead of the Fed&#8217;s policy meeting, which begins Tuesday, with investors pricing in a 97% chance of interest rates remaining unchanged, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
Uncertainty over President Donald Trump's tariffs also weighed on the market, <a href="https://www.benzinga.com/25/05/45192387/market-bets-on-aggressive-fed-cuts-clash-with-short-rate-market-data-next-fed-chair-could-initiate-cutting-cycle-says-expert">with no progress on a trade deal</a> between the U.S. and China.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45187736/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill">Elizabeth Warren Slams &#8216;Shady&#8217; Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill</a></li>
</ul>
Image Via Shutterstock

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

Cryptocurrency

News

Commodities

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Movers

Trading Ideas

$PAXG

Bitcoin Sideways, But Gold-Backed Cryptos Advance As Precious Yellow Metal Hits A Two-Week High

GUIDANCE FOR FULL-YEAR 2025 } Group revenues expected in the range of € 840 m to € 880 m (FY 2024: € 797.0 m) } R&amp;D expenditures are expected in a range of € 40 m to € 50 m (FY 2024: € 50.9 m) } Adjusted Group EBITDA1 is expected to reach € 30 m to € 50 m (FY 2024: € 22.6 m) OUTLOOK 2028 } Group revenues CAGR2024-2028 targeted to be in a range of 8 – 12% } Adj. EBITDA margin 2028 expected to be above 20%

Earnings

Guidance

Evotec 2025 Outlook: Expects Revenue Of €840M–€880M; And EBITDA of €30M–€50M, R&D Spend Of €40M-€50M

Evotec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) reported quarterly losses of $(0.10) per share which beat the analyst consensus estimate of $(0.24) by 60.42 percent. This is a 46.15 percent decrease over losses of $(0.07) per share from the same period last year. The company reported quarterly sales of $208.23 million which missed the analyst consensus estimate of $215.46 million by 3.36 percent. This is a 8.14 percent decrease over sales of $226.69 million the same period last year.

Earnings Beats

Earnings Misses

Evotec Q1 EPS $(0.10) Beats $(0.24) Estimate, Sales $208.23M Miss $215.46M Estimate

Outlook&nbsp;
In an uncertain macro environment, Philips' outlook for full year 2025 is updated to include the assumed impact of currently announced tariffs. This includes current bilateral US-China and rest of world tariffs, the resumption of the paused US tariffs on July 9 and excludes potential wider economic impact.
&nbsp;• Philips' outlook for comparable sales growth remains unchanged at 1%-3%
&nbsp;• Adjusted EBITA margin range to be 10.8%-11.3%, including an estimated net tariff impact of EUR 250-300 million after substantial tariff mitigations, a 100 bps reduction versus previous outlook, based on the above-referenced assumptions
&nbsp;• As a result, free cash flow to be slightly positive for the full year, after the payout of EUR 1,025 million Philips Respironics recall-related medical monitoring and personal injury settlements in the US
&nbsp;• The company continues to anticipate 2025 performance will be skewed toward the latter part of the year, with Q2 showing modest improvement from Q1

Koninklijke Philips Holds 2025 Sales Growth Outlook At 1–3%; Trims Adjusted EBITA Margin To 10.8%-11.3%, Down 100 Bps From Prior On €250–300M Tariff Hit

Economist Peter Schiff is challenging conventional wisdom that China needs the United States more than vice versa, questioning just how essential U.S. consumer demand really is for China&#8217;s manufacturing engine, amid a surge in the global middle-class consumer base.
What Happened: On Sunday, Schiff, a vocal critic of President Donald Trump's tariff policies, pushed back against a growing pro-tariff narrative that claims China has no alternative buyers for its manufactured goods besides American consumers, in a post on X.
&#8220;It's said there's no way China can find buyers for its manufactured goods without U.S. consumers,&#8221; Schiff said. &#8220;But we're only 4% of the world's population.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It&#39;s said there&#39;s no way China can find buyers for its manufactured goods without U.S. consumers. But we&#39;re only 4% of the world&#39;s population. If the dollar&#39;s exchange rate dropped by 50%, the savings and incomes of the other 96% would double, empowering China&#39;s other customers.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1919074432485556433?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
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Schiff contends that the true constraint on global consumption is the artificially inflated U.S. dollar. He argues that if the dollar were to depreciate by 50% against a basket of global currencies, &#8220;the savings and incomes of the other 96% would double,&#8221; boosting the purchasing power of China's &#8220;other customers.&#8221;
See More: <a href="https://www.benzinga.com/general/education/25/05/45187710/peter-schiff-says-trumps-100-tariff-on-foreign-films-pointless-without-targeting-streamingwarns-netflix-subscribers-would-bear-cost">Peter Schiff Says Trump&#8217;s 100% Tariff On Foreign Films &#8216;Pointless,&#8217; Warns Netflix Subscribers Would Bear Cost</a>
He explains this further by stating that demand in the U.S. is a function of the Dollar&#8217;s exchange rate. &#8220;If the dollar falls relative to other currencies, the purchasing power of Americans is transferred abroad,&#8221; Schiff says. In other words, as the dollar weakens, consumers in other countries gain greater purchasing power.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">But U.S. demand is a function of the dollar&#39;s exchange rate. If the dollar falls relative to other currencies, the purchasing power of Americans is transferred abroad. What Americans can no longer afford is suddenly affordable by more non-U.S. consumers.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1919077433090646470?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
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Recently, Tesla Inc. CEO, Elon Musk, said in a post on X that China was already a <a href="https://www.benzinga.com/news/25/04/45124693/elon-musk-reacts-after-ray-dalio-warns-of-us-decline-says-china-has-already-surpassed-america-as-glo">much bigger consumer</a> of manufactured goods than the U.S. He added that &#8220;This year, Chinese consumers will buy more cars than America and Europe combined.&#8221;
This was in response to an article on X by hedge fund manager Ray Dalio, regarding how &#8220;the United States&#8217; role as the world&#8217;s biggest consumer of manufactured goods and greatest producer of debt assets to finance its over-consumption is unsustainable.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Correction: China is a much bigger consumer of manufactured goods than the United States. This year, Chinese consumers will buy more cars than America and Europe combined.
&mdash; gorklon rust (@elonmusk) <a href="https://twitter.com/elonmusk/status/1917039295115989453?ref_src=twsrc%5Etfw">April 29, 2025</a></blockquote>
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Why It Matters: The U.S. Dollar has <a href="https://benzinga.com/government/regulations/25/04/44896834/dollar-hits-3-year-lows-us-stocks-tumble-as-trump-threatens-to-fire-powell-contrarians-of-the-world-unite">been under pressure</a> throughout the past month, slipping to a three-year low mid-April, before recovering some ground over the past week.
Analysts at Deutsche Bank AG have called it a &#8220;simultaneous collapse&#8221; of U.S. assets, with stocks, bonds, and the dollar all <a href="https://www.benzinga.com/markets/equities/25/04/44756751/full-spectrum-collapse-top-bank-rings-alarm-over-simultaneous-fall-of-us-assets">falling in tandem</a>.
Schiff has repeatedly argued that a strong yuan and a weaker U.S. dollar may actually benefit Beijing by boosting domestic consumption, countering the narrative that China would <a href="https://benzinga.com/markets/bonds/25/04/44805832/peter-schiff-counters-claims-china-wont-sell-us-treasuries-fearing-strong-currency-but-a-strong-yuan-might-suit-beijing">avoid dumping U.S. Treasuries</a> to protect its own economy.
He also said, early last month, that China might be selling its U.S. Dollar and Treasury holdings, while stocking up on the <a href="https://www.benzinga.com/25/04/44844540/peter-schiff-china-is-selling-dollars-and-treasuries-to-buy-euros-and-bunds-crashing-the-markets-not-part-of-a-genius-master-plan">Euro and Bunds</a>. &#8220;This will allow the [European Central Bank] to keep interest rates and inflation low and China to sell more goods to the EU,&#8221; according to Schiff.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/05/45187535/scott-bessent-defends-trumps-economic-agenda-as-engine-designed-to-drive-economic-growth-despite-gdp-contraction-and-falling-approval">Scott Bessent Defends Trump&#8217;s Economic Agenda As &#8216;Engine Designed To Drive Economic Growth,&#8217; Despite GDP Contraction And Falling Approval</a></li>
</ul>
Image Via Shutterstock

Government

Economics

TSLA

Peter Schiff Challenges US Dominance After Elon Musk's China Consumption Narrative — A 50% Drop In The Dollar Could Supercharge China's Global Consumer Base

Koninklijke Philips Comparable Sales Fell 2% YoY, With China Down Double Digits; Personal Health Rose 1%, But Diagnosis & Treatment Dropped 4%

Koninklijke Philips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHG#NYSE">PHG</a>) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.20 by 31 percent. This is a 6.43 percent decrease over earnings of $0.28 per share from the same period last year. The company reported quarterly sales of $4.31 billion which beat the analyst consensus estimate of $4.10 billion by 5.16 percent. This is a 4.14 percent decrease over sales of $4.49 billion the same period last year.

Koninklijke Philips Q1 Adj. EPS $0.26 Beats $0.20 Estimate, Sales $4.31B Beat $4.10B Estimate

Rep. Maxine Waters (D-Calif.), a key Democrat and ranking member of the House Financial Services Committee, reportedly plans to walk out of a joint hearing on cryptocurrency policy scheduled for Tuesday.
What Happened: Waters intends to walk out with at least several Financial Services Democrats and hold a &#8220;shadow hearing&#8221; on President Donald Trump&#8217;s family&#8217;s involvement in the cryptocurrency industry, Politico <a href="https://www.politico.com/live-updates/2025/05/05/congress/waters-house-gop-crypto-hearing-00327722">reported</a>, citing sources with direct knowledge of the matter.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45204836/bitcoin-ethereum-xrp-dogecoin-start-fomc-week-sluggish-dips-are-gifts-resume-up-only-trader-says" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Start FOMC Week Sluggish: &#8216;Dips Are Gifts, Resume Up Only,&#8217; Trader Says</a>
The hearing is scheduled a day after House Republicans presented a <a href="https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=409719">draft</a> of the landmark cryptocurrency regulation that proposed a division of&nbsp;oversight of digital assets between&nbsp;market regulators. Waters had previously voiced her objections to House Financial Services Chair&nbsp;French Hill&nbsp;(R-Ark.) over the weekend, insisting on&nbsp;a provision in the legislation that would address the Trump family&#8217;s cryptocurrency endeavors.
Water&#8217;s office didn&#8217;t immediately return Benzinga&#8217;s request for comment.
Meanwhile, Senate Majority Leader John Thune said Monday that <a href="https://www.politico.com/live-updates/2025/05/05/congress/thune-senate-crypto-bill-00330308">he was open to amending the legislation</a>, saying, &#8220;Changes can be made on the floor for sure.&#8221;
Why It Matters: Waters&#8217; planned disruption is part of a broader Democratic pushback against cryptocurrency legislation favored by Republicans. 
Earlier, a faction of Senate Democrats expressed their opposition to Republican-led stablecoin legislation, citing the absence of provisions like anti-money laundering, foreign issuers and national security.
The Trump family&#8217;s cryptocurrency ventures, including the Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) <a href="https://www.benzinga.com/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked">meme coin</a> and the USD1 <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">stablecoin</a>, have been a major point of contention, leading to increased scrutiny and calls for regulatory oversight. 
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/05/45201052/trump-meme-coin-draws-attention-as-crypto-focused-dinners-projected-to-draw-millions" target="_blank" rel="noreferrer noopener">Trump Meme Coin Draws Attention As Crypto-Focused Dinners Projected To Draw Millions</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>
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Politics

$TRUMP

Maxine Waters Plans Walkout From Crypto Hearing, Will Host 'Shadow Hearing' Opposing Trump Family Ventures: Report

Billionaire investor Bill Ackman believes inflation has largely been &#8220;wrung out of the economy&#8221; and predicts global economic conflicts could resolve within six to nine months, while advocating for a temporary pause on China tariffs to protect U.S. businesses.
What Happened: The Pershing Square Capital Management CEO <a href="https://www.cnbc.com/2025/05/05/cnbc-excerpts-pershing-square-ceo-bill-ackman-speaks-with-cnbcs-andrew-ross-sorkin-on-squawk-box-today.html">told</a> CNBC that declining energy and food prices signal positive economic trends. &#8220;The price of energy is coming down and it&#8217;s going to stay down. And I think, you know, obviously very, very good for the economy,&#8221; Ackman said.
Recent economic data presents a mixed picture. U.S. Gross Domestic Product <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/45098824/tariffs-hit-hard-as-us-economy-shrinks-for-first-time-since-2022">unexpectedly contracted 0.3% in the first quarter of 2025</a>—the first decline since mid-2022—while April&#8217;s nonfarm payrolls increased by 177,000, surpassing the forecasted 130,000 despite tariff pressures.
Ackman suggested the Federal Reserve could implement &#8220;a few rate cuts&#8221; later this year, with a small reduction coming &#8220;relatively soon&#8221; as businesses pause investments amid tariff uncertainties. &#8220;First quarter is benefited by some frontloading of purchases and inventive tariffs,&#8221; he noted, explaining that many businesses are waiting to see what happens next.
See Also: <a href="https://www.benzinga.com/news/earnings/25/05/45208000/palantir-q1-earnings-revenue-beat-eps-in-line-customer-count-up-39-company-raises-guidance-citing-surging-and-ferocious-growth">Palantir Q1 Earnings: Revenue Beat, EPS In Line, Customer Count Up 39%, Company Raises Guidance Citing &#8216;Surging And Ferocious Growth&#8217;</a>
Why It Matters: On China&#8217;s trade policy, Ackman recommended a strategic pause. &#8220;The right thing to do, in my view, is we pause on China. Let&#8217;s give it a little more time. Maybe it&#8217;s 180 days,&#8221; he said, arguing this would stabilize risks to the U.S. economy while incentivizing China to negotiate better terms as companies shift supply chains elsewhere.
His position contrasts with Warren Buffett&#8216;s sharper criticism of using tariffs as economic weapons. The Berkshire Hathaway Chairman recently warned that punitive <a href="https://www.benzinga.com/news/earnings/25/05/45184120/warren-buffett-warns-tariffs-could-backfire-on-economy-says-trade-should-not-be-a-weapon-its-a-big-mistake-i-dont-think-its-wise">tariffs risk provoking international tensions</a>, calling them &#8220;a big mistake&#8221; without directly mentioning President Donald Trump.
Meanwhile, CNBC&#8217;s Jim Cramer remains optimistic about avoiding recession, citing strong employment trends. &#8220;It&#8217;s difficult to derail an economy that is still creating jobs,&#8221; Cramer said, <a href="https://www.benzinga.com/markets/equities/25/04/45058829/jim-cramer-dismisses-recession-panic-says-tariffs-may-sting-but-too-many-jobs-for-economy-to-derail">suggesting consumers might adapt to tariff-induced price</a> increases by turning to budget retailers like Costco Wholesale Corp. and Walmart Inc.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/05/45213068/mark-zuckerberg-overtakes-jeff-bezos-to-become-worlds-second-richest-person-as-meta-stock-soars">Mark Zuckerberg Overtakes Jeff Bezos To Become World&#8217;s Second-Richest Person As Meta Stock Soars</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 
Image Via Shutterstock

Equities

Federal Reserve

COST

Bill Ackman Says Inflation Has 'Largely Been Wrung Out,' Pushes For Temporary Pause On China Tariffs To Shield US Businesses

BNB Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>) edged higher Monday after asset management giant VanEck filed an exchange-traded fund application with the SEC.
What happened: BNB spiked over 2% in the last 24 hours, becoming the most successful cryptocurrency among the top ten by market capitalization. The coin's trading volume rose 10.67% to $1.46 billion.
The rise overshadowed blue-chip cryptocurrencies 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 0.20% and 0.96%, respectively, in the 24-hour period.
Interestingly, BNB's Open Interest fell 4.40% in the last 24 hours, <a href="https://www.coinglass.com/BitcoinOpenInterest">according </a>to Coinglass. A drop in Open Interest, combined with a price increase, may imply that shorts were covering their positions.
Meanwhile, over 63% of Binance traders with open BNB positions placed bullish bets on the cryptocurrency, signaling hopes of short-term appreciation.
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/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked">Trump Denies Personal Profit From Memecoin Venture: &#8216;I Haven&#8217;t Even Looked&#8217;</a>
Why It Matters: The momentum comes after VanEck filed for a spot BNB ETF, aiming to be the first ETF in the U.S. that will expose investors to the price moves of BNB Chain's native token. The S-1 filing is a prerequisite for issuers to file to offer new securities.
The issuer also applied for the fund's BNB to be set aside for earning staking rewards, earning additional BNB or other income.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">VanEck just filed for a spot BNB ETF. <a href="https://t.co/L2a6b7LeUH">https://t.co/L2a6b7LeUH</a>
&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1919375208386863335?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
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Notably, VanEck is a leading global asset manager, with assets under management worth more than $116 billion as of March 31.
Price Action:&nbsp; At the time of writing, BNB was exchanging hands at $597.33, UP 2.20% 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 coin has fallen 14.80%.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45187736/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill">Elizabeth Warren Slams &#8216;Shady&#8217; Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill</a></li>
</ul>
Image Via Shutterstock

$BNB

$BTC

$ETH

BNB Tops Bitcoin, Ethereum After VanEck Files For First US ETF Tracking The Token

On Monday, ChatGPT-parent OpenAI said that it will retain its nonprofit parent's control over <a href="https://www.benzinga.com/tech/25/03/44066117/elon-musk-battles-openai-over-move-to-for-profit-model-and-experts-are-pushing-back">its for-profit operations</a>, scaling back a plan to transition fully to a public benefit corporation amid mounting legal pressure and investor concerns.
What Happened: In a letter to OpenAI's employees that was shared in a blog post, Altman said that public benefit corporations have become the go-to for-profit model for AGI labs such as Anthropic and xAI, as well as mission-driven companies like Patagonia.&nbsp;
"OpenAI was founded as a non-profit, is today a non-profit that oversees and controls the for-profit, and going forward will remain a non-profit that oversees and controls the for-profit. That will not change," OpenAI CEO Sam Altman said in a blog post.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45187948/skype-is-officially-retiring-today-if-youd-invested-1000-when-microsoft-bought-it-in-2011-heres-what-youd-be-sitting-on-now">Skype Is Officially Retiring Today — If You&#8217;d Invested $1,000 When Microsoft Bought It In 2011, Here&#8217;s What You&#8217;d Be Sitting On Now</a>
Earlier this year, OpenAI announced that it plans to raise up to <a href="https://www.benzinga.com/25/04/44580172/openai-finalizes-historic-40-billion-funding-round-valuing-company-at-300-billion-with-backing-from-softbank-and-microsoft">$40 billion in a round led by</a> SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) at a $300 billion valuation. That round was reportedly contingent on OpenAI transitioning to a for-profit model by year-end.
In a call with reporters, Altman hinted that he new structure does not jeopardize those plans, reported Reuters.
He added that OpenAI would continue working with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), regulators and newly appointed nonprofit commissioners to finalize the plan.
OpenAI Board Chair Bret Taylor said the updated approach follows discussions with civic leaders and the Attorneys General of California and Delaware.
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Why It's Important: The decision marks a shift from OpenAI's earlier proposal, which would have ceded control of the company's for-profit arm to shareholders <a href="https://www.benzinga.com/25/01/43185661/openai-struggles-to-value-microsoft-stake-as-it-looks-to-transition-to-for-profit-entity-as-trumps-500-billion-stargate-ai-project-kicks-off-report">under a public benefit corporation</a> structure.
That plan would have allowed for greater capital-raising flexibility but sparked criticism over whether OpenAI was drifting from its founding mission to develop artificial intelligence for the benefit of humanity.
Instead, the nonprofit will continue to oversee the for-profit OpenAI LP while also becoming a significant shareholder in it.
The change also comes as OpenAI faces a lawsuit from co-founder and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, who accused the company of abandoning its nonprofit mission. A jury trial in that case is scheduled for March 2026.
A Musk-led consortium previously made a $97.4 billion acquisition offer for OpenAI, which CEO <a href="https://www.benzinga.com/markets/equities/25/02/43622400/sam-altman-says-elon-musks-97b-bid-for-openai-is-a-move-to-slow-down-a-competitor">Altman promptly rejected</a>.
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/personal-finance/24/07/39842841/charlie-munger-said-getting-rich-is-harder-than-ever-but-heres-the-beauty-of-it-you-only-have-to" target="_blank" rel="noreferrer noopener">Charlie Munger Said Getting Rich Is Harder Than Ever, But Here&#8217;s ‘The Beauty Of It&#8217; — You Only Have To Do It Once</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Image via Shutterstock

Tech

MSFT

SFTBF

SFTBY

OpenAI Reverses Course As Sam Altman Says Nonprofit Will Remain In Control Amid Elon Musk's Lawsuit And Investor Pushback

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg has become the world's second-richest person, overtaking Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos.
What Happened: Zuckerberg's net worth has climbed to $212 billion, according to the Bloomberg Billionaire Index, after Meta shares jumped more than 16% over the past month, outperforming the S&amp;P 500's 11.52% gain.
Amazon stock rose just 6.33% in the same period, keeping Bezos' net worth at $209 billion.
On Monday, Zuckerberg gained $846 million, while Bezos lost $2.90 billion, the data showed.
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.
While Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk remains in the top spot with a net worth of $331 billion, he saw a $4.97 billion dip. Bezos has lost $2.9 billion, extending his year-to-date loss to $30 billion.
Zuckerberg, on the other hand, was the only gainer among the top three, adding $846 million to his as of the last change and $4.63 billion year to date.
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/45093311/not-everyone-needs-a-thousand-ai-engineers-but-for-those-who-do-zuckerberg-says-meta-will-gladly-build-it-for-a-price" target="_blank" rel="noreferrer noopener">Meta CEO Mark Zuckerberg Says AI Won't Just Be About Free Tools And Ads — Some People Will Pay A Fortune To Deploy Armies Of Digital Workers</a>
Why It's Important: On May 1, Meta reported first-quarter revenue of $42.31 billion, surpassing analyst expectations of $41.39 billion. For the second quarter, the company expects revenue between $42.5 billion and $45.5 billion, compared to <a href="http://pro.benzinga.com/">Benzinga Pro's</a> estimate of $44.06 billion.
Price Action: Meta shares are up just 0.01% year-to-date but have climbed 28.69% over the past 12 months. On Monday, the stock rose 0.38% during regular trading but slipped 0.36% after hours, settling at $597.10.
Meta currently holds a consensus price target of $704.19, based on assessments from 43 analysts. The highest target comes from Tigress Financial, which set a price of $935 on Feb. 11, 2025, while the lowest was issued by Scotiabank at $525 on April 21.
The three most recent analyst updates by RBC Capital, Morgan Stanley, and JMP Securities set an average price target of $713.33. That figure suggests a potential upside of 19.47% from Meta&#8217;s current trading level.
Benzinga Edge Stock Rankings assigns Meta a strong growth score of 74.97%, highlighting its solid performance.<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Click here to see how it stacks up against</a> Amazon and Tesla.
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/tech/25/04/45090992/mark-zuckerberg-warns-of-serious-disadvantage-as-chinas-data-center-blitz-could-let-deepseek-leapfrog-us-ai-labs" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Warns Of ‘Serious Disadvantage' As China's Data-Center Blitz Could Let DeepSeek Leapfrog US AI Labs</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Image via Shutterstock

AMZN

Mark Zuckerberg Overtakes Jeff Bezos To Become World's Second-Richest Person As Meta Stock Soars

Leading cryptocurrencies traded flat on Monday as uncertainty about tariffs calmed investors' risk appetite.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.26%</td>
<td>$94,467.01</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>-0.25%</td>
<td>$1,811.62</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>-1.00%</td>
<td>$0.1697</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin wobbled between the mid-$93,000s and the early $95,000s, with the apex cryptocurrency hitting an intraday high of $95,193.19.
Ethereum also experienced a choppy trading day as it wiggled in the $1,800 region. The second-largest cryptocurrency's trading volume rose 27% in the last 24 hours.
President Donald Trump <a href="https://www.benzinga.com/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked">endorsed cryptocurrencies</a> in an interview, deeming it a "popular" and "hot" sector.
About $146 million was liquidated from the cryptocurrency market in the last 24 hours, with bullish long bets accounting for $83.75 million.
That said, over $500 million in Bitcoin shorts risked liquidation if the leading cryptocurrency rebounded to $97,000.
The majority of Binance traders with open BTC positions placed bearish bets on Bitcoin, according to the Long/Short Ratio.
On the other hand, the market sentiment shifted to "Greed," according to the Crypto Fear and Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. ET)</td>
</tr>
<tr>
<td>Four (FORM)</td>
<td>+15.44%</td>
<td>$2.63</td>
</tr>
<tr>
<td>Biitensor (TAO)</td>
<td>+8.14%</td>
<td>$373.58</td>
</tr>
<tr>
<td>DeXe (DEXE)</td>
<td>+4.00%</td>
<td>$15.01</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.94 trillion, following a minor 0.04% contraction in the last 24 hours.
Stocks snapped their winning run Monday. After nine consecutive days of gains, the S&amp;P 500 closed 0.64% lower at 5,650.38. The Dow Jones Industrial Average slid 98.60 points, or 0.24%, to end at 41,218.83. The tech-focused Nasdaq Composite dipped 0.74%, ending at 17,844.24.
The slide comes after Trump's proposed 100% tariff on <a href="https://www.benzinga.com/general/education/25/05/45187710/peter-schiff-says-trumps-100-tariff-on-foreign-films-pointless-without-targeting-streamingwarns-netflix-subscribers-would-bear-cost">foreign-produced movies</a> sent jitters across the entertainment sector. Shares of Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) and Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) lost 0.41% and 1.99%, respectively, during the session.
Meanwhile, the impasse over the trade deal between the U.S. and China prevailed as Trump said <a href="https://www.benzinga.com/news/global/25/05/45188171/china-pushes-for-special-envoys-as-direct-deal-with-trump-deemed-risky-plans-fentanyl-concessions-as-negotiating-leverage-report">he did not plan to talk</a> with Chinese President Xi Jinping.
Investors will now turn their attention to the <a href="https://www.benzinga.com/25/05/45192387/market-bets-on-aggressive-fed-cuts-clash-with-short-rate-market-data-next-fed-chair-could-initiate-cutting-cycle-says-expert">Federal Reserve&#8217;s policy meeting</a>, which starts on Tuesday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Blockchain analytics firm CryptoQuant highlighted that despite Ethereum's prolonged downtrend, accumulating addresses have not abandoned their strategy, showcasing their long-term belief in the asset.
"Instead, they increased their ETH exposure: on March 10, they held 15.5356 million ETH, and by May 3, this rose to 19.0378 million ETH, a 22.54% increase," CryptoQuant added.
<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">ETH Holders Refuse to Sell: Accumulating Addresses Lower Their Cost Basis "On March 10 they held 15.5356M ETH, and by May 3 this rose to 19.0378M ETH, a 22.54% increase. Behavior reflects structural conviction &amp; clear expectations of short-term appreciation." – By <a href="https://twitter.com/oro_crypto?ref_src=twsrc%5Etfw">@oro_crypto</a> <a href="https://t.co/yx12tC7N0O">pic.twitter.com/yx12tC7N0O</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1919322089367937435?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to cryptocurrency analyst Michaël van de Poppe, gold&#8217;s rally indicated a risk-off mindset ahead of Wednesday&#8217;s Federal Reserve meeting.&nbsp;
"Bitcoin build-up is good, expecting to see ETH turn upwards after Wednesday," the analyst predicted.
<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">Rally on Gold indicating that we&#39;re still seeing the risk-off mentality going into the FED meeting on Wednesday. Good signs: Services PMI rolling upwards.<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> build-up is good, expecting to see <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> turn upwards after Wednesday.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1919484494148686052?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45203946/binance-founder-changpeng-zhao-recounts-prison-hardships-i-was-scared-my-cellmate-had-a-sentence-for-murdering-two-guys-at-once">Binance Founder Changpeng Zhao Recounts Prison Hardships: &#8216;I Was Scared, My Cellmate Had A Sentence For Murdering Two Guys At Once&#8217;</a></li>
</ul>
Photo Courtesy: Mc_Cloud on Shutterstock.com

$DOGE

Bitcoin, Ethereum Flat, Dogecoin Dips Even As Trump Calls Crypto 'Popular:' Analyst Says BTC Build-up Good, Predicts ETH Uptrend After Fed Meet

Jeff Bezos, the founder of Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and one of the world's most influential entrepreneurs, once opened up in an interview about why most people fail to follow through on business or invention ideas — and how a rare mix of traits helped him turn an online bookstore into a $1.97 trillion e-commerce empire.
What Happened: "Well, it&#8217;s hard work," Bezos said during the interview in 2011. "It's easy to have ideas — it's very hard to turn an idea into a successful product."
He underscored that while anyone can dream up a business, very few can navigate the long, grueling path of bringing that idea to life. According to Bezos, the secret lies in a powerful combination of what he calls "stubborn relentlessness" and "flexibility."
See Also:&nbsp;<a href="https://www.benzinga.com/news/25/04/44999826/jeff-bezos-final-ceo-letter-isnt-just-about-amazon-it-is-a-clarion-call-for-resisting-normality-the" target="_blank" rel="noreferrer noopener">Jeff Bezos&#8217; Final CEO Letter Isn&#8217;t Just About Amazon — It Is A Clarion Call For Resisting Normality: ‘The World Wants You To Be Typical…Don&#8217;t Let It Happen&#8217;</a>
"You need to be stubborn on your vision because otherwise, it&#8217;ll be too easy to give up," he explained. "But you need to be very flexible on the details because as you go along pursuing your vision, you&#8217;ll find that some of your preconceptions were wrong and you&#8217;re going to need to be able to change those things."
Bezos added, "Taking an idea successfully all the way to the market and turning it into a real product that people care about — and that really improves people&#8217;s lives — is a lot of hard work."
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.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Talking Innovation and Entrepreneurship with Amazon Founder and CEO, Jeff Bezos" width="500" height="281" src="https://www.youtube.com/embed/_KEKkVrzeU8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Bezos didn't just talk the talk — he walked it all the way to Wall Street. After <a href="https://www.benzinga.com/general/education/24/02/37315156/if-you-invested-1-000-in-amazon-stock-at-ipo-heres-how-much-youd-have-today">quitting his job</a> at a New York investment firm, he drove cross-country to Seattle to launch Amazon from his garage in 1994.
The first product sold? A science textbook titled Fluid Concepts &amp; Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought.
Amazon went public on May 15, 1997, with a share price of $18 and a valuation of around $300 million. Today, the company is worth over $1.97 trillion and has expanded far beyond books, offering everything from groceries to streaming content and cloud services.
Investors who put $1,000 into Amazon stock at its IPO and held on would now have about $1.86 million, thanks to stock splits and the company's meteoric rise.
Over the past five years, Amazon shares have gained 56.62%. However, the stock has slipped 1.25% over the past 12 months and is down 15.38% so far this year, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Bezos currently has a net worth of $209 billion, making him the third wealthiest person in the world after Elon Musk and Mark Zuckerberg, according to the Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>.
Amazon boasts a strong growth score of 94.12% in the Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to compare its performance with other</a> top e-commerce competitors.
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/25/05/45158172/andy-jassy-predicts-pandemic-like-consumer-shifts-says-amazon-is-maniacally-focused-on-keeping-prices-low">Andy Jassy Predicts Pandemic-Like Consumer Shifts, Says Amazon Is &#8216;Maniacally Focused&#8217; On Keeping Prices Low</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

General

Jeff Bezos Says It's 'Easy To Have Ideas' — But Here's Why Only The Relentlessly 'Stubborn' Can Turn Them Into Trillion-Dollar Businesses Like Amazon

SBET

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Most billionaires tend to look like billionaires. Polished suits, expensive shoes, and watches that cost more than a car. Mark Cuban? He'd rather roll into a room in a T-shirt and jeans. And if you've ever wondered why he doesn't bother dressing up—he's already explained it in the most Cuban way possible.
In an <a href="https://www.tiktok.com/t/ZTjhr1tX4/">October TikTok</a> posted to his own account, Robert Herjavec—another ‘Shark Tank' star and Canadian entrepreneur, reflected on an conversation he once had with Cuban regarding his fashion choices. "I've known @Mark Cuban for a long time, and from what I remember, he's never been the <a href="https://www.benzinga.com/personal-finance/25/03/44526994/billionaire-mark-cuban-used-to-sleep-on-the-floor-and-wear-2-for-99-polyester-suits-in-his-20s-now-he-says-confidence-beats-trying-to-look-fancy">best-dressed guy in the room</a>—always in t-shirts," Herjavec said.&nbsp;
So, one day, he asked Cuban,"With all due respect, why do you dress like a slob?"
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Cuban could've gotten defensive. He could've snapped back or rattled off some explanation. Instead, he didn't flinch—he just shrugged it off with five words that said it all:
"Because I can."
Sure, "Because I can" sounds like something a defiant kid might say—but coming from a billionaire, it was more like a mission statement.
For anyone who watched Cuban during his ‘Shark Tank' years or followed his entrepreneurial ventures, it's no secret he's never been big on traditional business norms. He's famously said he <a href="https://www.benzinga.com/25/03/44132046/mark-cuban-ditched-his-watch-for-30-years-to-stay-on-his-own-time-after-getting-rich-and-hes-not-taking-calls-or-attending-meetings-either">avoids calls and meetings whenever possible</a> and handles most things by email. Cuban built his career by getting results—not by logging hours in boardrooms or stressing over dress codes.
Herjavec later reflected on that moment and admitted it stuck with him. At first, he thought Cuban was just being, well… Cuban. But over time, he realized the deeper meaning.
"Mark is never the one selling; every room he goes into, <a href="https://www.benzinga.com/news/25/04/44585979/mark-cuban-warns-entrepreneurs-dont-let-others-sell-you-on-their-ideas-why-ignoring-bad-advice-could-be-your-key-to-success">people are selling him</a>."
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
In other words, the guy in the T-shirt already won.
Herjavec even shared another gem he picked up from watching Cuban in action:
"If you walk into a room and there's 20 people in suits and ties and one person in a T-shirt—that's the one with the power. That person worked their ass off to get to a position where they can wear whatever they want."
It's a mindset that's resonated beyond just Cuban's circle. His casual style and refusal to play by old-school rules reflect a bigger shift in how success is measured today. Forget appearances. It's about results, innovation, and—when you've really made it—the freedom to just be yourself.
Cuban's "Because I can" has basically become a <a href="https://www.benzinga.com/25/03/44462830/mark-cuban-says-entrepreneurs-not-billionaires-are-the-backbone-of-america-they-make-this-country-run">rallying cry for entrepreneurs</a> and business rebels everywhere. Not because they're lazy about their wardrobe—but because they're too busy building something bigger to care what anyone thinks.
And honestly? That might be the sharpest power suit of all.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a></li>
<li>Shark Tank's Kevin O'Leary called Missing Ring his biggest mistake — Don't repeat history—<a href="https://www.benzinga.com/money/big-tech-has-spent-billions-acquiring-ai-smart-home-startups-one-company-stands-to-benefit-and-has-already-made-10-million">invest in RYSE at just $1.90/share.</a></li>
</ul>
Image: Shutterstock

Personal Finance

Billionaire Mark Cuban Was Asked By Fellow 'Shark Tank Star,' 'With All Due Respect, Why Do You Dress Like A Slob?' — He Responded: 'Because I Can'

Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) has outperformed the market over the past 20 years by 5.26% on an annualized basis producing an average annual return of 13.49%. Currently, Oracle has a market capitalization of $418.39 billion. 
Buying $100 In ORCL: If an investor had bought $100 of ORCL stock 20 years ago, it would be worth $1,275.98 today based on a price of $149.20 for ORCL at the time of writing.
<h3>Oracle's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746488716_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ORCL

Here's How Much $100 Invested In Oracle 20 Years Ago Would Be Worth Today

Legendary investor Warren Buffett has produced stock market returns that <a href="https://www.benzinga.com/general/education/25/01/42832123/warren-buffett-beats-sp-500-in-2024-how-oracle-of-omahas-returns-compare-over-past-20-years">typically beat the S&amp;P 500 each year.</a>
Known for his long-term investing and buy and hold approach, Buffett may have another trick up his sleeve when talking to CEOs.
Buffett's Desert Island Question: At the 2025 Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) annual shareholders meeting, Buffett surprised the crowd with the announcement <a href="https://www.benzinga.com/25/05/45184410/warren-buffett-to-step-down-as-berkshire-hathaway-ceo-by-end-of-year-asks-board-to-confirm-greg-abel-as-successor">he would step down</a> as CEO of the company at the end of the year.
While this may have put a somber mood on the weekend's festivities, Buffett also provided many pieces of advice and pearls of wisdom to those in attendance through prepared remarks and question-and-answer segments.
At the shareholder meeting, Buffett gave one piece of advice involving a desert island.
"If you can talk to a CEO, ask them this question: if you were stuck on a desert island for 10 years, which of your competitors' stocks would you buy? And which would you short?" Buffett said, as <a href="https://x.com/andrewrsorkin/status/1918713836305068063">reported </a>by CNBC's Andrew Ross Sorkin.
Buffett added that this question would give CEOs the opportunity put their entire net worth into a competitor's business or bet against a competitor, as <a href="https://www.financialexpress.com/market/warren-buffett-has-two-questions-for-ceos-if-you-were-stuck-on-a-desert-3831812/">reported </a>by Financial Express.
"Every manager enjoys talking about the competition. They're like school kids. I probably gained most of my industry insights just by ensuring they didn't expect me to stick around too long."
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/25/05/45183831/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-63">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: Over the years, Buffett has provided plenty of investing advice and tips on how he helped grow the value of Berkshire Hathaway stock.
The desert island question follows an old question of asking people what CDs/music, books, or other forms of entertainment they would want to have if stuck on a desert island for years.
Investing in one stock for 10 years and not being able to sell it could be tense for investors in the current generation of short-term trading and 24-hour trading markets.
The question of CEOs answering which of their competitors stock they would want to own could provide clues about which companies have strong growth, are feared by the competition and have catalysts coming. Likewise, CEOs picking which stock to short could reveal competitors with weaknesses and potential market share losses or other negative items coming.
While this is a desert island indicator of sorts, it's not to be confused with Buffett's "desert island indicator." Buffett previously <a href="https://www.businessinsider.com/buffett-railroad-industry-look-bad-2016-4">said </a>that if he was stuck on a desert island and could only get one financial metric, it would be the number of rail carloads, which he believes is one of the best ways to show the health of the economy.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/education/25/05/45208955/warren-buffetts-giant-berkshire-portfolio-top-10-includes-banks-oil-and-apple">Warren Buffett&#8217;s Giant Berkshire Portfolio: Top 10 Includes Banks, Oil, And Apple</a></li>
</ul>
Photo: Shutterstock

Education

Warren Buffett's CEO Challenge: 'Which Of Your Competitors' Stocks Would You Buy?'

KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) has outperformed the market over the past 15 years by 11.47% on an annualized basis producing an average annual return of 22.59%. Currently, KLA has a market capitalization of $92.13 billion. 
Buying $100 In KLAC: If an investor had bought $100 of KLAC stock 15 years ago, it would be worth $2,120.80 today based on a price of $693.29 for KLAC at the time of writing.
<h3>KLA's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746487814_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

KLAC

Here's How Much $100 Invested In KLA 15 Years Ago Would Be Worth Today

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 20 years by 5.56% on an annualized basis producing an average annual return of 13.78%. Currently, American Tower has a market capitalization of $104.80 billion. 
Buying $1000 In AMT: If an investor had bought $1000 of AMT stock 20 years ago, it would be worth $13,114.82 today based on a price of $223.87 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1746486917_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In American Tower 20 Years Ago Would Be Worth This Much Today

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