Diversified Healthcare Azioni (NASDAQ: DHC)

Diversified Healthcare (NASDAQ:DHC) Azioni

Diversified Healthcare

Diversified Healthcare Trust is a real estate investment trust that focuses on healthcare-related properties, including life science estates, medical offices, and senior living communities. It acquires and owns properties and is engaged in the development and implementation of medical services and technologies. It operates through two segments: Office Portfolio and SHOP. The office portfolio includes medical office properties leased to medical-related businesses and life sciences properties. The SHOP segment runs communities that offer multiple types of residential care, ranging from independent living to nursing services. DHT operates across the United States and the majority of its revenue derives from rents and medical programs. Majority of revenue is from SHOP segment.

Diversified Healthcare Trust - Common Shares of Beneficial Interest

Diversified Healthcare Trust

DHC ACQUISITION CORP UNIT 1 CL A & 1/3 WT EXP

DIAMONDHEAD CASINO CORP by Diamondhead Casino Corp.

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DATA HORIZON CO LTD by DATA HORIZON CO LTD.

Diversified Healthcare Trust - 5.625% Senior Notes due 2042

Diversified Healthcare Trust - 6.25% Senior Notes Due 2046

Economist Peter Schiff contends that former President Donald Trump's emphasis on "America first" has ironically relegated U.S. investments to the back of the pack.
What Happened: Schiff argues that massive foreign inflows from trade surplus nations partly fueled the longstanding dominance of American stocks and bonds. Those same flows could slow or reverse, dragging down U.S. returns amid shifting trade dynamics and weaker dollar expectations.
In a detailed post on X, Schiff asserts that this trend is already emerging, pointing to diverging returns seen by European investors. Measured in euros, the S&amp;P 500's losses appear more severe than they do in dollar terms.
&#8220;So far in 2025, the S&amp;P 500 is down 8.6%. But measured in euros, the way European investors would look at it, the S&amp;P is down 16.6%,&#8221; Schiff explains.
Conversely, Schiff notes that the German DAX looks far more appealing to an American portfolio, especially as dollar weakness amplifies overseas gains.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">By putting America first, Trump has put America last when it comes to investment returns. The reason U.S. stocks have done so well relative to the rest of the world is that our trading partners invested their trade surpluses in our stocks and bonds. Shrinking our trade imbalance…
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1911045936467386686?ref_src=twsrc%5Etfw">April 12, 2025</a></blockquote>
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Schiff believes foreign holdings of U.S. bonds may also dwindle, raising interest rates for American borrowers and producing even sharper negative returns for international investors.
See also: Trump Tariffs &#8216;Biggest Shock For Middle Class Families&#8217; Since 1970s, Says Larry Summers
Beyond equity and bond markets, Schiff sees trouble for the broader U.S. economy. He warns of a severe recession triggered by falling asset prices and rising consumer costs, especially if foreign investors divest from Treasuries, forcing the Federal Reserve to prop up both markets and the government's ballooning debt obligations. Should tax revenues drop while budget deficits balloon, a full-blown fiscal crisis could follow.
Ultimately, Schiff argues Americans will be forced to transition from "spenders to savers and from consumers to producers." Although he believes this shift may bring long-term benefits, he predicts significant pain for holders of U.S. financial assets in the years ahead as the cycle of heavy foreign investment winds down.
Why It Matters: The U.S. <a href="https://in.benzinga.com/media/25/04/44657800/trumps-tariffs-stir-global-markets-wall-street-loses-2-trillion-and-more-this-week-in-economics?_gl=1&#x2A;yx7zbp&#x2A;_gcl_au&#x2A;Njk0ODEyNDAxLjE3NDA0NTQxMzE.&#x2A;_ga&#x2A;R1MxLjEuMTc0NDM1NzIyNC4xLjAuMTc0NDM1NzIyNC4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NDYwMzM2Ny4xLjAuMTc0NDYwMzM3Mi4wLjAuMA..">reversed</a> its longtime free-trade stance on April 2, when Trump declared "Liberation Day" and raised import tariffs to at least 10%, with higher "reciprocal" rates hitting dozens of countries. Markets plunged, China retaliated amid a festering trade war. While Trump partially paused these tariffs for 90 days, steep duties on China remain, driving consumer prices up and risking a deeper economic downturn.
Underpinning this shift is the U.S. trade deficit, historically cushioned by dollar dominance. Yet China's preparations — cutting export dependence and innovating in key sectors — highlight a possible long, bitter trade war.
Schiff isn&#8217;t the only one sounding the alarm bells on the economy. Ray Dalio, the founder of Bridgewater Associates and one with a proven track record of rightly forecasting financial disaster, expressed his apprehension about a <a href="https://www.benzinga.com/markets/25/04/44780489/ray-dalio-foresees-economic-crisis-worse-than-recession-im-worried-about-something-worse-than-a-recession-if-this-isnt-handled-well">possible economic crisis</a> in an interview on Sunday.
A growing number of market experts now believe the chances of a recession hitting the US economy are <a href="https://www.benzinga.com/personal-finance/25/04/44774554/analyst-says-recession-chance-higher-than-50-musks-doge-cuts-to-knock-out-gdp-were-getting-closer-to-recession">rising</a> due to the upcoming impact of tariffs, declining consumer sentiment, and spending cuts by the new administration. That said, Goldman Sachs did a <a href="https://www.benzinga.com/government/regulations/25/04/44723376/goldman-sachs-scraps-recession-call-after-trumps-surprise-tariff-pause-as-wall-street-marks-strongest-day-since-2008">U-turn</a> on its call for an outright U.S. recession last week just before Trump announced a 90-day tariff pause for countries that have not retaliated against U.S. trade measures.
Photo Courtesy: Shutterstock.com
Read next: <a href="https://www.benzinga.com/personal-finance/25/04/44781004/jim-cramer-urges-investors-to-stay-strong-if-you-were-ok-in-2008-it-came-back-says-market-plunge-is-a-buying-opportunity" target="_blank" rel="noreferrer noopener">Jim Cramer Urges Investors To Stay Strong—'If You Were OK In 2008, It Came Back'—Says Market Plunge Is A Buying Opportunity</a>

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Trump Tariffs Have Put 'America Last' For Investors, Peter Schiff Warns Of A Financial Crisis Worse Than 2008

The native cryptocurrency of a real-world asset-focused project dramatically crashed by nearly 90% on Sunday, wiping out billions of dollars worth of investors' fortunes.
What happened: The OM token of Layer-1 blockchain MANTRA nosedived from $5.26 to $0.42 in 90 minutes in the afternoon. The sudden plunge erased a whopping $4.6 billion from the coin's market capitalization.
Moreover, the crash triggered liquidations of over $68 million for OM in the last 24 hours, <a href="https://www.coinglass.com/LiquidationData">according </a>to Coinglass.
According to Lookonchain, about 17 wallets transferred $227 worth of OM tokens to exchanges, accounting for 4.5% of the circulating supply. Two of these addresses belong to Laser Digital, a "strategic" investor in MANTRA.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Who dropped the price of <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OM</a>? Before the <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OM</a> crash(since Apr 7), at least 17 wallets deposited 43.6M <a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$OM</a>($227M at the time) into exchanges, 4.5% of the circulating supply. According to Arkham's tag, 2 of these addresses are linked to Laser Digital. Laser Digital is a strategic… <a href="https://t.co/zB8yAPRPSO">pic.twitter.com/zB8yAPRPSO</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1911584133652074662?ref_src=twsrc%5Etfw">April 14, 2025</a></blockquote>
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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>
MANTRA&#8217;s official X account stated that the crash was caused by &#8220;reckless liquidations&#8221; and had nothing to do with the project.
"One thing we want to be clear on: this was not our team. We are looking into it and will share more details about what happened as soon as we can," MANTRA added.
Additionally, the project's CEO, John Patrick Mullin, revealed that a "massive" forced liquidation from a large OM investor took place.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Guys, I&#39;ve just woken up, and I&#39;m getting the complete breakdown of what&#39;s going on. There was a massive forced liquidation from a large OM investor on a CEX. Still working on the details, but we are here, and we&#39;re fixing this. Thanks for the understanding. &#x1fae1;&#x1f549;&#xFE0F; <a href="https://t.co/p8l2Teo4p2">https://t.co/p8l2Teo4p2</a>
&mdash; JP Mullin (&#x1f549;, &#x1f3d8;&#xFE0F;) (@jp_mullin888) <a href="https://twitter.com/jp_mullin888/status/1911525781454610757?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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Why It Matters: MANTRA is designed for the tokenization of real-world assets, where the OM coin is used for securing the network. OM also has an ERC-20 version on the Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) network.
Interestingly, the coin blasted to an all-time high of $9.04 in February and was up nearly 60% year-to-date before the Sunday crash.
Price Action:  At the time of writing, OM was exchanging hands at $0.7559, down 87.96% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/04/44677671/does-the-us-government-know-who-is-satoshi-nakamoto-crypto-lawyer-sues-department-of-homeland-security-to-unravel-bitcoin-creators-identity">Crypto Attorney Sues US Government To Unmask Satoshi Nakamoto, Creator Of Bitcoin</a></li>
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$ETH

OM Token's 90% Crash Leaves Holders Reeling —MANTRA Blames 'Reckless Liquidations,' CEO Says 'Fixing This'

President&nbsp;Donald Trump&nbsp;commended El Salvador&#8217;s President Nayib Bukele for accepting custody of dangerous criminals, emphasizing the nations&#8217; joint efforts against terrorism ahead of their meeting at the White House on Monday.
What Happened: Trump took to Truth Social to express his anticipation of a meeting with Bukele. He praised Bukele for accepting into his nation&#8217;s custody &#8220;some of the most violent&nbsp;alien enemies of the World&nbsp;and, in particular, the United&nbsp;States.&#8221;
Trump labeled the deportees &#8220;barbarians&#8221; and thanked Bukele, whom he called &#8220;President B,&#8221; for keeping them in El Salvador&#8217;s custody.
He also highlighted the&nbsp;ongoing cooperation between the U.S. and El Salvador in addressing terrorism and crime. Bukele acknowledged Trump&#8217;s remarks, noticing the &#8220;President B" reference by POTUS.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"President B" <a href="https://t.co/HJN8WsvSb1">pic.twitter.com/HJN8WsvSb1</a>
&mdash; Nayib Bukele (@nayibbukele) <a href="https://twitter.com/nayibbukele/status/1911248798971461982?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44695782/why-singapore-outpaces-hong-kong-in-attracting-crypto-operators" target="_blank" rel="noreferrer noopener">Why Singapore Outpaces Hong Kong In Attracting Crypto Operators</a>
Why It Matters: This meeting comes in the <a href="https://in.benzinga.com/25/04/44779739/oops-hes-alive-and-secure-trump-administration-updates-status-on-mistaken-deportation-to-el-salvador">wake of a recent incident</a> where a Maryland man, Kilmar Abrego Garcia, a legal resident, was mistakenly deported to El Salvador. Garcia is currently detained in El Salvador&#8217;s high-security prison due to this &#8220;administrative error.&#8221;
The Supreme Court backed a lower court ruling for U.S. officials to assist in the return of Garcia. The Trump administration has insisted that the president cannot be compelled to arrange Garcia's return.
Last week, the White House confirmed that Trump was <a href="https://x.com/David_Leavitt/status/1909681659034685777?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1909681659034685777%7Ctwgr%5Edf4f85ccb3e286cbfac0f8fa080d616e38a2ea36%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Feditorial.benzinga.com%2Fwp-admin%2Fpost.php%3Faction%3Deditpost%3D869190">considering </a>legal possibilities for deporting U.S. citizens who had committed &#8220;heinous, violent&#8221; crimes or had defied the country&#8217;s laws. On Sunday, Secretary of State Marco Rubio&nbsp;stated that 10 individuals accused of crime were deported to El Salvador.
According to the Government Accountability Office, the U.S. Immigration and Customs Enforcement <a href="https://www.gao.gov/products/gao-21-487">removed</a> 70 potential U.S. citizens from fiscal year 2015 through the second quarter of fiscal year 2020
Earlier in February, Bukele said he was prepared to<a href="https://in.benzinga.com/news/global/25/02/43483622/bukeles-big-house-el-salvador-offers-us-a-prison-deal-like-no-other-musk-says-great-idea"> incarcerate convicted criminals </a>from the U.S. in his country. <a href="https://www.amnesty.org/en/latest/news/2023/12/el-salvador-policies-practices-legislation-violate-human-rights/" target="_blank" rel="noreferrer noopener">According</a>&nbsp;to Amnesty International, &nbsp;El Salvador&#8217;s prison system is known for rampant human rights violations, violence, and overcrowding.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last night, another 10 criminals from the MS-13 and Tren de Aragua Foreign Terrorist Organizations arrived in El Salvador.  The alliance between <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> and President <a href="https://twitter.com/nayibbukele?ref_src=twsrc%5Etfw">@nayibbukele</a> has become an example for security and prosperity in our hemisphere.
&mdash; Secretary Marco Rubio (@SecRubio) <a href="https://twitter.com/SecRubio/status/1911430462305694170?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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El Salvador has doubled down on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ever since adopting the world's largest digital currency as legal tender in 2021. As of this writing, the nation <a href="https://bitcoin.gob.sv/" target="_blank" rel="noreferrer noopener">holds </a>6,146.18 BTCs in its treasury, worth more than $523 million at current market prices.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44779915/trump-family-deepens-crypto-ties-with-nearly-1-billion-on-the-line" target="_blank" rel="noreferrer noopener">Trump Family Deepens Crypto Ties With Nearly $1 Billion on the Line</a></li>
</ul>

Politics

$BTC

Trump Praises Nayib Bukele For Taking In 'Violent Alien Enemies' Ahead Of Monday Meet Even As US Deports 10 More To El Salvador

U.S. stock futures rose following President Donald Trump&#8217;s decision to <a href="https://www.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">pause tariffs</a> on consumer electronics products on Sunday, after a whirlwind week for the markets.
Nasdaq Futures led the way with 1.2% gains reaching 19,036, followed by S&amp;P 500 Futures up 0.74% at 5,433, and finally Dow Jones Futures at 40,527, up 0.32%.
See More: <a href="https://www.benzinga.com/25/04/44781456/trumps-tariff-agenda-is-the-biggest-middle-class-hit-since-the-70s-says-larry-summers">Trump Tariffs &#8216;Biggest Shock For Middle Class Families&#8217; Since 1970s, Says Larry Summers</a>
Japan&#8217;s Nikkei is trading up on Monday morning, by 473 points or 1.41%, with iPhone component makers Murata Manufacturing Co., TDK Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TTDKY#OTC">TTDKY</a>), and chip testing equipment maker Advantest leading the charge with gains of 1.6%, 5.6%, and 4.07%, respectively.
This comes as the Asian giant is set to negotiate tariffs and a trade deal with the United States this week, with Japan&#8217;s top trade representative Ryosei Akazawa&nbsp;expected to visit the U.S. to hold talks.
Meanwhile, the U.S. Dollar Index (DXY) continued its descent on Monday, and is down 0.22% at 99.58 after recovering from the day&#8217;s low of 99.35. While it is still near its three-year lows, the Greenback found much-needed stability after taking a bruising over the past week.
The surprise announcement of exemptions for all electronics, including smartphones, computers, semiconductors, and their components from tariffs on Sunday prompted this rally, but uncertainties continue to loom, with the President referring to this reprieve as temporary, and said he would give more &#8220;very specific&#8221; answers on the semiconductor tariffs on Monday. 
Traders will be looking at further announcements from the White House during the course of the day, alongside important earnings releases coming from Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) later tonight.
Image via Shutterstock
Read More: <a href="https://www.benzinga.com/tech/25/04/44780473/apple-escapes-supply-chain-crisis-as-trump-excludes-popular-electronics-from-tariffs">Apple Escapes Supply Chain Crisis As Trump Excludes Popular Electronics From Tariffs</a>

Government

TTDKY

US Stock Futures, Nikkei Climb On Trump's Electronics Tariff Pause: iPhone Parts Makers Surge In Tokyo

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) may have <a href="https://www.benzinga.com/tech/25/04/44780473/apple-escapes-supply-chain-crisis-as-trump-excludes-popular-electronics-from-tariffs">avoided the worst</a> of Donald Trump's new reciprocal tariffs—for now—but top analyst Ming-Chi Kuo warns that the company's supply chain could still face major disruptions in the months ahead.
What Happened: Apple has temporarily dodged steep tariffs on Chinese-made electronics, including iPhones, iPads, Macs, Apple Watches, and AirTags, following an exemption granted by Trump late Friday.
However, TF International Securities analyst Kuo says this relief may be short-lived, and Apple's response could create new challenges.
In a post on X, Kuo noted that Apple began stockpiling U.S.-bound iPhones after the Lunar New Year, which fell in late January, building up more than two months of inventory in anticipation of trade volatility.
See Also: <a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
While this move helps protect second-quarter sales, he warned it may lead to "a sharper disruption to the supply chain during the model transition compared to prior years."
He went on to add that production lines in China that assemble iPhones for the U.S. market remain idle, reinforcing Apple's plan to shift more of its iPhone manufacturing to India. However, he cautioned that the plan is "subject to change and should be closely monitored."
Kuo also flagged multiple trade risks still on the table, including a potential 20% semiconductor tariff and executive orders tied to reciprocal tariffs.
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.
Commerce Secretary Howard Lutnick confirmed over the weekend that current tariff exemptions for electronics are only temporary and that additional levies—possibly impacting iPhones—could be introduced within months.
&#8220;Amid the Trump administration's unpredictable tariff policies, Apple's best option—beyond ongoing talks with the White House for exemptions—is to establish sufficient iPhone production lines in India to meet U.S. market demand,&#8221; Kuo stated.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just after noting that semiconductor tariffs may impact iPhones, U.S. Commerce Secretary Lutnick said that electronics, including iPhones, will be subject to semiconductor tariffs in a month or two. Commerce Secretary Lutnick says tariff exemptions for electronics are only… <a href="https://t.co/3BJWWUmIz5">https://t.co/3BJWWUmIz5</a>
&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1911470768837591132?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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Why It Matters: Despite Apple's efforts to diversify its supply chain away from China, nearly 80% of the 77 million iPhones shipped to the U.S. last year were still manufactured there.
Earlier this month, ahead of Trump's new tariffs taking effect, Apple reportedly exported <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">600 tons of iPhones</a> — about 1.5 million units — from India to the U.S.
Amit Daryanani, an analyst at Evercore ISI, voiced relief for Apple in a Saturday note, saying, "The tariffs would have driven material cost inflation."
Previously, Bank of America analyst Wamsi Mohan warned that Apple could see iPhone production <a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44720209/apple-faces-up-to-90-cost-surge-on-iphones-if-us-tariffs-stick-analyst-looks-at-possible-shift-to-india-price-increase">costs surge by over 90%</a> if U.S. assembly requirements and tariffs are implemented.
Price Action: Year-to-date, Apple shares have dropped 18.74%, though they've gained 14.74% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Benzinga Edge's Stock Rankings give Apple a growth score of 45.05%. 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 breakdown</a>.
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Read More:
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don&#8217;t Have The Balls To Do It,&#8217; Says Mark Cuban, Praising Musk For Going ‘All In&#8217; With His Own Money For His Startups</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.

Tech

AAPL

Apple's  iPhone Stockpile Could Disrupt Supply Chain Amid Looming Chip Tariffs, Warns Top Analyst — Identifies Cupertino's Best Option Beyond White House Talks

Former Treasury Secretary Larry Summers called Trump tariffs the biggest shock for middle-class families he'd seen since the 1970s.
What Happened: Debating conservative political commentator Oren Cass on CNN&#8217;s Fareed Zakaria GPS on Sunday, the former Chief Economist at the World Bank and Secretary of The Treasury in the Clinton administration started by calling the Trump administration&#8217;s tariff programs &#8220;completely ill-conceived&#8221; for its objectives.
He disputed his opponent&#8217;s claims that manufacturing jobs accounted for 8% of total employment, stating that only about 4% were actually involved in production, calling it a &#8220;very small and dwindling share&#8221; of the country&#8217;s workforce.
Summers cites the example of the steel industry, which is now subject to 25% tariffs on imports, stating that there are &#8220;50 times more workers in industries that use steel, than those who work in the steel industry,&#8221; and these industries are now less competitive as a result of the tariffs and the &#8220;higher input costs&#8221; resulting from the same.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I told <a href="https://twitter.com/FareedZakaria?ref_src=twsrc%5Etfw">@FareedZakaria</a> <a href="https://twitter.com/CNN?ref_src=twsrc%5Etfw">@CNN</a>: These tariffs are the biggest shock for middle class families since I&#39;ve been following the economy beginning in the 1970s. <a href="https://t.co/mWhMYXJvd8">https://t.co/mWhMYXJvd8</a>
&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1911493129753985155?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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While he admitted that there are things to be done on the manufacturing front, he believes the current administration&#8217;s programs have largely been counterproductive. Such as the dismantling of the <a href="https://benzinga.com/general/market-summary/25/03/44135177/trump-seeks-to-end-chips-act-who-stands-to-lose-heres-a-list-of-beneficiaries-that-could-be-affected">CHIPS Act</a>, which was meant to build manufacturing capacity in the sensitive semiconductors industry.
He further adds that this program burdens &#8220;our manufacturing teammates Canada and Mexico,&#8221; before stating that &#8220;if you punch your erstwhile friend in the face, you will get their attention,&#8221; referring to America&#8217;s trade partners who are now coming to the table, in order to negotiate a trade deal with the country.
However, Summers believes the U.S.&#8217; new trade policies will cause it to lose friends, driving them &#8220;into the arms of our adversaries.&#8221; He concluded by saying that the only winner in all this is China and its Premier Xi Jinping, who are seeing &#8220;scope for new markets, scope for new influence, and displacing the United States.&#8221;
See More: <a href="https://www.benzinga.com/personal-finance/25/04/44781004/jim-cramer-urges-investors-to-stay-strong-if-you-were-ok-in-2008-it-came-back-says-market-plunge-is-a-buying-opportunity">Jim Cramer Urges Investors To Stay Strong—&#8217;If You Were OK In 2008, It Came Back&#8217;—Says Market Plunge Is A Buying Opportunity</a>
Why It Matters: Summers has been a vocal critic of the trade tariffs for quite some time, having stated on Liberation Day that it would result in an <a href="https://benzinga.com/markets/25/04/44623179/larry-summers-warns-trumps-tariffs-will-deliver-oil-crisis-like-shock-slash-30-trillion-from-economy-as-markets-plunge">&#8216;Oil Crisis-Like Shock&#8217;</a> that would wipe out $30 trillion from the economy.
He has also rejected the administration&#8217;s claims of <a href="https://benzinga.com/news/25/04/44776458/obama-era-treasury-secretary-larry-summers-rejects-china-cheating-at-trade-narrative-we-get-ev-batte">China cheating in trade</a>, stating that &#8220;if China wants to sell us things at really low prices&#8221; such as solar collectors or cheap batteries for electric cars &#8220;It&#8217;s kind of a good deal for us,&#8221; when asked about the Chinese government subsidizing its industries.
Image via Shutterstock
Read More: <a href="https://www.benzinga.com/markets/25/04/44780489/ray-dalio-foresees-economic-crisis-worse-than-recession-im-worried-about-something-worse-than-a-recession-if-this-isnt-handled-well">Ray Dalio Foresees Economic Crisis Worse Than Recession: &#8216;I&#8217;m Worried About Something Worse Than A Recession, If This Isn&#8217;t Handled Well&#8217;</a>

Trump Tariffs 'Biggest Shock For Middle Class Families' Since 1970s, Says Larry Summers

Leading cryptocurrencies traded sideways on Sunday after President Donald Trump's tariff reprieve on technology products.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-0.41%</td>
<td>$84,801.98</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-1.16%</td>
<td>$1,619.24</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>-0.76%</td>
<td>$0.1657</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin touched an intraday high of $86,015 before being dragged down by profit-taking. The apex cryptocurrency had a rough start to the week but has recovered, gaining over 7% in the last seven days.
Meanwhile, Ethereum struggled to reclaim $1,700, wobbling in the $1,600 region throughout the week.&nbsp;
Bitcoin maintained a market dominance of more than 62%, while Ethereum&#8217;s share fell to 7.3%.&nbsp;
Nearly $340 million was liquidated from the market in the last 24 hours, with over $225 million in long positions erased.
Bitcoin&#8217;s Open Interest fell by 5.47% in the last 24 hours. Moreover, the Long/Short Ratio on Binance rose to 0.94, indicating an increase in bullish positioning for the asset.
The market sentiment was one of "Fear," according to the Crypto Fear and Greed Index, marking an improvement from the "Extreme Fear" witnessed last week.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. ET)</td>
</tr>
<tr>
<td>Flare (FLR)</td>
<td>5.12%</td>
<td>$0.01652</td>
</tr>
<tr>
<td>Tron (TRX)</td>
<td>3.71%</td>
<td>$0.255</td>
</tr>
<tr>
<td>Artificial Superintelligence Alliance (FET)</td>
<td>2.74%</td>
<td>$0.4993</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.68 trillion, following a marginal decline of 0.84% in the last 24 hours.
Stock futures edged higher Sunday overnight. The Dow Jones Industrial Average Futures rose 147 points, or 0.36%, as of 8:30 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 added 0.74%, while Nasdaq 100 Futures spiked 1.25%.
The latest spike followed <a href="https://in.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">Trump's exemptions</a> on consumer electronics and semiconductors, including those from China, from reciprocal tariffs, providing temporary relief to tech behemoths like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular blockchain analytics firm CryptoQuant noticed the narrowing difference between Binance's perpetual futures price and the spot price of Bitcoin.
"The perpetual-spot gap can shift quickly and often leads price action. If it turns positive soon, it could be a clear sign of returning buyer confidence and the potential for another bullish wave," CryptoQuant added. "A positive gap indicates that traders are willing to pay a premium on futures, reflecting confidence in continued upside."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Bitcoin Perpetual-Spot Gap Is Narrowing "The Perpetual-Spot Gap can shift quickly and often leads price action. If it turns positive soon, it could be a clear sign of returning buyer confidence and the potential for another bullish wave." – By <a href="https://twitter.com/joao_wedson?ref_src=twsrc%5Etfw">@joao_wedson</a> <a href="https://t.co/T74gzwaLMz">pic.twitter.com/T74gzwaLMz</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1911508046020280731?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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Widely followed cryptocurrency analyst Ali Martinez highlighted $86,000 as a key resistance zone for Bitcoin.
"A rejection could send it back to $79,000, but a breakout might open the path to $97,000," the analyst predicted.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$86,000 is a key resistance zone for <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. A rejection could send it back to $79,000, but a breakout might open the path to $97,000. <a href="https://t.co/wf8hHxcq0T">pic.twitter.com/wf8hHxcq0T</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1911510702545842556?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
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Photo by CMP_NZ on Shutterstock
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$DOGE

NVDA

Bitcoin, Dogecoin Flat, Ethereum Slides After Trump's Breather On Tech Tariffs: $79,000 Or $97,000? Analyst Predicts Next Moves For BTC

A man has been apprehended in connection with an arson attack at the residence of Pennsylvania Governor Josh Shapiro (D), while the governor and his family were inside.
What Happened: A 38-year-old man was arrested in connection with an arson attack on the Pennsylvania governor&#8217;s residence while Gov. Josh Shapiro and his family were inside, CNN <a href="https://edition.cnn.com/2025/04/13/us/pennsylvania-governor-josh-shapiro-arson/index.html">reported</a> on Sunday. The fire, which occurred around 2 a.m., caused significant damage to the building, according to Pennsylvania State Police.
Harrisburg resident Cody Balmer was taken into custody on Sunday, as announced by Col. Christopher Paris, the state police commissioner, during an afternoon news conference. Although Balmer has not yet been charged, Dauphin County District Attorney Fran Chardo plans to charge him with attempted murder, terrorism, aggravated arson, and aggravated assault against an enumerated person. Chardo also mentioned the possibility of federal charges.
Balmer allegedly climbed over a fence and forcibly entered the residence before setting the fire. He was inside for less than a minute and evaded troopers searching for him, Lt. Col. George Bivens stated. The attack was described as &#8220;targeted,&#8221; though the motive remains unclear.
Shapiro emphasized his determination to continue his work undeterred, expressing pride in his Jewish faith and gratitude to law enforcement for their swift response. The FBI is assisting state police in the ongoing investigation, and a security review is underway to prevent future incidents.
See Also: <a href="https://benzinga.com/general/health-care/25/04/44777309/rfk-jr-asks-if-public-funded-healthcare-should-be-accessible-to-people-smoking-three-packs-a-" target="_blank" rel="noreferrer noopener">RFK Jr Asks If Taxpayer-Funded Healthcare Should Be Accessible To People Smoking &#8216;Three Packs A Day&#8217;</a>
Why It Matters: Shapiro said on X that the kind of violence that took place at the Governor&#8217;s residence had &#8220;become far too common in our society, and it had to stop.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Last night at the Governor's Residence, we experienced an attack not just on our family, but on the entire Commonwealth of Pennsylvania. This kind of violence has become far too common in our society, and it has to stop. <a href="https://t.co/5HP5JSvgfc">pic.twitter.com/5HP5JSvgfc</a>
&mdash; Governor Josh Shapiro (@GovernorShapiro) <a href="https://twitter.com/GovernorShapiro/status/1911538869344035234?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">In the post, Shapiro said that the person&#8217;s specific motive was unknown at the time. He said, &#8220;This type of violence was not okay.&#8221;</figcaption></figure>
The Pennsylvania State Police had determined that the fire at the Governor&#8217;s residence was an &#8220;act of arson&#8221; and had announced a $10,000 reward for information leading to an arrest and conviction, according to a separate <a href="https://x.com/PAStatePolice/status/1911434140588597274">post</a> on X.
On Sunday, Sen. Elizabeth Warren (D-Mass.) said she was &#8220;grateful&#8221; that the Governor and his family were safe after the &#8220;terrible attack.&#8221;
She wrote on X that the attack was &#8220;particularly horrific for a Jewish family on the first night of Passover. Hate and violence have no place in our country.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I'm grateful <a href="https://twitter.com/GovernorShapiro?ref_src=twsrc%5Etfw">@GovernorShapiro</a> and his family are safe after a terrible attack — which was particularly horrific for a Jewish family on the first night of Passover. Hate and violence have no place in our country.
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1911588940550721653?ref_src=twsrc%5Etfw">April 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo Courtesy: OogImages On Shutterstock.com
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General

Man Arrested For Arson At Pennsylvania Governor's Residence, Josh Shapiro Says, 'This Kind Of Violence Has Become Far Too Common'

<ul>
<li>Cardano founder Charles Hoskinson has waxed bullish about Bitcoin despite tariff-inspired market turbulence.</li>
<li>Hoskinson has argued that tariffs will prove less impactful than many think.</li>
<li>He sees the Magnificent Seven jumping into the cryptocurrency market as the rules of the road become clear.</li>
</ul>
So far, 2025 has not been the year most cryptocurrency market participants anticipated. Hamstrung by unprecedented macroeconomic conditions stoked by <a href="https://www.benzinga.com/government/regulations/25/04/44618089/trumps-tariffs-surprise-triggers-carnage-magnificent-7-set-to-wipe-out-nearly-700-billion-in-market-value">President Donald Trump&#8216;s tariff regime</a>, asset prices have not only failed to take off <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">but significantly retreated from recent highs</a>.
While one might expect current market uncertainty to give cryptocurrency bulls pause for thought, <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44716576/trump-tariff-winners-bitcoin-and-gold-bitwises-matt-hougan-says">many are brushing it off</a>. The latest to join this chorus is Cardano founder Charles Hoskinson.
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<h2 class="wp-block-heading">$250K Still In View For Bitcoin In 2025?</h2>
Hoskinson has waxed bullish about Bitcoin despite tariff-inspired market turbulence. Speaking on CNBC&#8217;s &#8220;Beyond The Valley&#8221; <a href="https://www.cnbc.com/beyond-the-valley-videos/">podcast</a> on Tuesday, he asserted that he expected Bitcoin to hit a record $250,000 price &#8220;by the end of this year or next year.&#8221;
Addressing concerns around Trump&#8217;s aggressive tariff policy, Hoskinson suggested that the debacle would prove less impactful than many think.
&#8220;What will happen is that the tariff stuff will be a dud, and that people will realize that the world is willing to negotiate, and it&#8217;s really just U.S. versus China. And a lot of people will side with us. Some people side with China,&#8221; he contended.
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Hoskinson believes &#8220;the markets will stabilize&#8221; as the world eventually gets used to the resulting trade divide.
&#8220;The markets will stabilize a little bit, and they&#8217;ll get used to the new normal, and then the Fedeserve] will lower interest rates, and then you&#8217;ll have a lot of fast, cheap money, and then it&#8217;ll pour into crypto,&#8221; he asserted.
These statements perhaps hold more weight as Trump <a href="https://www.benzinga.com/25/04/44720006/markets-take-off-as-trump-announces-90-day-tariff-pause-for-non-retaliating-nations-slaps-china-with-125-duty">decided to pause his supposed &#8220;reciprocal tariffs&#8221;</a> on all countries but China on Wednesday, though many experts argue that the worst is far from over.
Away from tariff concerns, Hoskinson offered three main factors to defend his $250,000 price per Bitcoin target.
The first factor cited by Hoskinson is a rise in the number of cryptocurrency users. According to a February Crypto.com <a href="https://crypto.com/en/company-news/global-cryptocurrency-owners-grow-to-659-million-through-2024">report</a>, cryptocurrency holders grew to 659 million in 2024, a 13% increase over the previous year.
Secondly, Hoskinson expects global businesses to have no choice but to turn to crypto amid an anticipated breakdown of geopolitical order, citing Russia&#8217;s invasion of Ukraine and China&#8217;s advances on Taiwan as markers.
See Also: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
The third catalyst cited by Hoskinson is the anticipated cryptocurrency regulatory clarity in the U.S., as with pressure from Trump, <a href="https://www.benzinga.com/25/03/44267582/us-house-committee-favors-stablecoin-regulation-to-strenthen-dollar-advocates-against-cbdc">lawmakers are pursuing stablecoin</a> and market structure legislation.&nbsp;
He argued that these regulations, expected before the year&#8217;s end, will trigger crypto&#8217;s next leg up, especially as he believes that stablecoin rules, in particular, will lead the Magnificent Seven to jump into the cryptocurrency space. The Magnificent Seven refers to high-performing and influential companies in the U.S. stock market, including Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Hoskinson contends that these Magnificent 7 will use stablecoins for everything from payment of salaries to international staff to facilitating small transactions on their platform that would have otherwise proved too costly on traditional payment rails.
Till expected regulations kick in, however, Hoskinson expects the cryptocurrency market to idle, predicting a three to five-month window before the next impulse.
At the time of writing, Bitcoin is trading just below $79,000. It will need an over 200% surge to hit Hoskinson&#8217;s target.
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Personal Finance

GOOGL

TSLA

Why Cardano Founder Sees Bitcoin Hitting $250K This Year Despite Trump Tariffs

President Donald Trump has been declared in excellent health following his annual physical examination at Walter Reed National Military Medical Center.
What Happened: On Friday, President Trump underwent a thorough physical examination, as detailed by the White House. The examination, led by Capt. Sean P. Barbabella, included a series of diagnostic and laboratory tests, along with consultations from fourteen specialists.
At 78 years and 10 months old, Trump is reported to be in excellent health. His vital statistics include a height of 75 inches, weight of 224 pounds, resting heart rate of 62 beats per minute, and blood pressure of 128/74 mmHg. The examination showed normal results in cardiac, pulmonary, and neurological functions, according to Barbabella&#8217;s memo, released by the White House on Sunday.
His cognitive abilities were assessed using the Montreal Cognitive Assessment — a screening tool for the detection of mild cognitive impairment, where he achieved a perfect score of 30 out of 30. Screenings for depression and anxiety were normal.
Trump maintains an active lifestyle, contributing to his robust health. His medical history includes well-controlled hypercholesterolemia and seasonal allergies. 
&#8220;Trump&#8217;s days include participation in multiple meetings, public appearances, press availability, and frequent victories in golf events. President Trump exhibits excellent cognitive and physical health and is fully fit to execute the duties of the Commander-in-Chief and Head of State,&#8221; wrote Barbabella.
See Also: <a href="https://benzinga.com/25/04/44778750/musks-government-efficiency-push-falls-short-as-treasury-data-shows-spending-up-sharply-under-trumps-second-term-report" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Government Efficiency Push Falls Short As Treasury Data Shows Spending Up Sharply Since Trump&#8217;s Inauguration: Report &#8211; Benzinga</a>
Why It Matters: The health of political leaders has been a significant topic of public interest, especially concerning Trump and former President Joe Biden. Previously, Rep. Ronny Jackson (R-Texas), a former White House physician, <a href="https://www.benzinga.com/news/23/09/34873790/donald-trumps-health-in-top-10-of-everyone-his-age-says-former-white-house-doctor-he-could-live-to-b">praised Trump&#8217;s health</a>, stating it ranks in the &#8220;top 10% of everyone his age.&#8221; Despite Trump&#8217;s unconventional diet and exercise habits, Jackson highlighted his strong cardiac stress test results and cognitive abilities.
In June last year, Trump, who was running for presidency again, challenged Biden to take a cognitive test, emphasizing the importance of mental acuity in leadership roles. During a campaign event, he suggested that Biden should take a cognitive test similar to the one he took in 2018, although he <a href="https://www.benzinga.com/news/24/06/39348388/donald-trump-challenges-joe-biden-to-take-cognitive-test-fumbles-own-doctors-name-in-process">misnamed his own doctor</a> in the process, calling Rep. Ronny Jackson &#8220;Ronny Johnson.&#8221;
Image via Shutterstock
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Trump Passes Annual Physical With Flying Colors, White House Doctor Cites 'Frequent Victories In Golf Events' While Giving Him The All-Clear

The stock market may be in panic mode, but Jim Cramer is leaning in. The CNBC host is doubling down—literally—on the selloff, calling it a moment to watch, not flee. Cramer reminded viewers of the brutal 2008 financial crisis and how, despite the crash, the market bounced back. Slowly, yes. But it came back.
<h2 class="wp-block-heading">Cramer Sees Tariff Turmoil as Chance to Pounce</h2>
During Thursday's "<a href="https://www.cnbc.com/2025/04/03/jim-cramer-what-im-doing-as-the-stock-market-dives-on-trumps-tariffs.html">Squawk on the Street</a>&#8220;, Cramer said, "If you were OK in 2007 and 2008, it came back."&nbsp;
He emphasized that while it took until 2013 for portfolios to recover their pre-crisis value, those who stayed invested ultimately came out ahead. The key message? Don't sell. "Just hold," he said.
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That advice might hit differently for retirees or those close to retirement. "They're in limbo," Cramer admitted. But for long-term investors, the recent market drop, spurred by President Donald Trump's sweeping tariff announcements, is being viewed by some as a classic "buy the dip" scenario.
Backing his words with action, Cramer revealed he had purchased more shares of two stocks for the <a href="https://www.cnbc.com/2025/04/03/jim-cramer-what-im-doing-as-the-stock-market-dives-on-trumps-tariffs.html">CNBC Investing Club</a> portfolio—though he didn't name them on-air—saying they're unfairly punished in the current climate.&nbsp;
According to him, this isn't about market collapse; it's about valuation shifts. "This is a price-to-earnings ratio lowering event," he said. "That's what's happening."&nbsp;
Right now, the forward P/E on the S&amp;P 500 is just above 20, while the trailing P/E, which looks at <a href="https://www.investopedia.com/terms/p/price-earningsratio.asp">earnings</a> from the last four quarters, is around 25. That's a notable shift from previous months, suggesting valuations are correcting after a long period of elevated pricing.
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Cramer also revisited the advice he gave around the time of the global financial crisis. "I came on the <a href="https://www.today.com/news/jim-cramer-time-get-out-stock-market-wbna27045699">Today show</a> in 2008 and I said, ‘If you need any money in the next five years, you should sell.' And it was a great call," he said. He recalled another pivotal moment: the so-called <a href="https://www.cnbc.com/2015/03/09/pisani-remembers-haines-legendary-2009-call.html">"Haines bottom</a>" on March 10, 2009.&nbsp;
That's when late CNBC anchor Mark Haines famously declared on-air that the market had bottomed. Cramer credited Haines for getting him back in at the right time, saying, "Mark called me… and said, ‘You got to get on board.'"
Since then, Cramer has been vocal about how people often remember the warning to sell but forget the equally important call to reenter the market. His bigger point? Trying to time the market requires being right twice—once on the way out, and again on the way back in. It's a gamble most investors don't win.
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Jim Cramer Urges Investors To Stay Strong—'If You Were OK In 2008, It Came Back'—Says Market Plunge Is A Buying Opportunity

Back in 2020, Bill Gates made it clear that lumping Elon Musk and Steve Jobs into the same "visionary" category isn't just lazy—it misses the point entirely.
In an <a href="https://youtu.be/WMGCeCCcEcc?si=WrM24FU7fiCpsw1w">interview with Bloomberg's Erik Schatzker</a>, the Microsoft co-founder acknowledged that both men have made massive contributions to the world. Still, he pushed back on the growing narrative that Musk is "the new Steve Jobs."
"People have described Elon Musk as the new Steve Jobs. Is he the new Steve Jobs?" Schatzker asked.
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Gates didn't hesitate, stating: "If you know people personally, then that kind of gross oversimplification—it seems strange. You know, Elon's more of a hands-on engineer. Steve was a genius at design and picking people and marketing. You wouldn't walk into a room and confuse them with each other."
And that wasn't a diss. Gates had just spent part of the interview complimenting Musk's contributions to electric vehicles and climate change.
"Elon Musk has built a great electric car," Gates said. "He's designed and built reusable rockets. He's an innovator in tunneling."
But while he gave credit where it was due, Gates drew a line between invention and inspiration.
Jobs, he explained, wasn't the one building the tech with his own hands—he was the one turning that tech into cultural touchstones. "Steve was a genius at design and picking people and marketing," Gates said, with <a href="https://www.benzinga.com/markets/24/10/41457050/bill-gates-once-said-he-was-so-jealous-of-apples-steve-jobs-and-labeled-him-a-genius-and-wizard-no-o">a hint of admiration</a> for his longtime rival.
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Gates has <a href="https://www.benzinga.com/25/02/43880898/im-in-awe-bill-gates-says-elon-musk-is-brilliant-rich-and-influential-but-admits-hes-been-mean-to-me-at-times">publicly praised Musk's work</a> in many interviews over the years—crediting Tesla's early lead in the EV market and SpaceX's progress in space tech. But the admiration hasn't exactly gone both ways. Musk, who's been openly critical of Gates, <a href="https://www.benzinga.com/personal-finance/25/03/44434228/elon-musk-said-bill-gates-would-be-obliterated-for-shorting-tesla-but-short-sellers-just-made-16-2-billion-in-3-months-betting-against-him">accused him of shorting Tesla stock</a>—something Gates admitted to, adding fuel to the tension between the two billionaires.
Still, Gates kept things respectful, staying focused on the difference in style—not substance.
While Musk is often found elbow-deep in engineering problems, Gates described Jobs as someone who crafted entire product ecosystems by assembling the right minds and pushing for perfection. "You wouldn't confuse them," he repeated, pointing out how their leadership styles were almost opposites.
The takeaway? Comparing Musk and Jobs might make for a good headline, but according to Gates, it flattens two very different kinds of genius into one—and does justice to neither.
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Bill Gates Said It's A 'Gross Oversimplification' To Compare Elon Musk To 'Genius' Steve Jobs — 'You Wouldn't Walk Into A Room And Confuse Them'

Minnesota Gov. Tim Walz delivered a fiery message on Tuesday to a crowd of more than 2,800 people at a town hall in Youngstown, Ohio, pushing Democrats to rethink their message, rally around working-class values, and call out greed where it exists.
&#8220;It's okay in America to be successful. We should celebrate that when people are successful,&#8221; Walz <a href="https://x.com/MarcoFoster_/status/1909617121010635124">said</a>. &#8220;What my beef is, once you get successful, don't be a greedy bastard and not pay your taxes. Don't do that.&#8221;
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<h2 class="wp-block-heading">A Rally Against Trump's Policies</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEW: Tim Walz at his town hall in Youngstown, Ohio: "It's okay in America to be successful, we should celebrate that. My beef is once you get successful, don't be a greedy bastard and not pay your taxes. What we should demonize is people like Elon Musk." <a href="https://t.co/thUCKpvt0B">pic.twitter.com/thUCKpvt0B</a>
&mdash; Marco Foster (@MarcoFoster_) <a href="https://twitter.com/MarcoFoster_/status/1909617121010635124?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote>
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The event, hosted by Walz, was packed with local residents frustrated by President Donald Trump's policies, including tariffs, mass deportations, and federal layoffs. While the night focused on building Democratic momentum in a region that has leaned Republican in recent elections, it also served as a sharp rebuke of the former president's economic approach.
&#8220;The only thing many of us question is, is it malevolence or stupidity that drives him to these [policies], or both?&#8221; Walz <a href="https://www.youtube.com/watch?v=krWHTZZmsFo">asked</a> the crowd.
He made it known that Democrats need to engage at every level of politics, from school boards to Congress. &#8220;It means paying attention to school board races, because the Moms for Liberty folks sure the hell are,&#8221; he said.
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<h2 class="wp-block-heading">Calling Out Wealth Without Responsibility</h2>
Walz also warned about the unrealistic expectations being shaped by social media. &#8220;We're creating a false narrative that everybody is super rich and has Lamborghinis and life is easy,&#8221; he said. While emphasizing that <a href="https://www.benzinga.com/startups/24/11/41852620/theres-a-great-place-to-go-when-youre-broke-to-work-says-dave-ramsey-about-a-piece-of-advice-he-got">working hard</a> and earning rewards is part of the American dream, he drew a line when it comes to tax dodgers.
&#8220;What we should demonize is people like Elon Musk and those people that do that. That's different. That's different,&#8221; Walz said.
<h2 class="wp-block-heading">Trade War Fallout and Harsh Words for Trump</h2>
In a recent <a href="https://www.youtube.com/watch?v=IeWu-ju7nRA">interview</a> with MSNBC, Walz also took aim at Trump's <a href="https://www.benzinga.com/news/25/03/44213871/canadas-next-pm-mark-carney-vows-to-win-trade-war-with-trump-says-americans-should-make-no-mistake">trade war with Canada</a>, saying it will hurt Minnesota's economy, especially agriculture.
&#8220;So many Minnesotans are asking, when was Canada our enemy?&#8221; he said. &#8220;It makes no sense.&#8221;
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He reminded viewers that Trump <a href="https://www.benzinga.com/news/25/03/44400609/hes-the-worst-business-executive-ive-ever-seen-says-tim-walz-reminds-trump-that-hes-the-one-who-signed-the-t">negotiated the current trade deal</a> with Canada. &#8220;He negotiated the damn trade deal with them. If trade is so bad with Canada, he was the guy who signed the deal.&#8221;
Walz also called Trump &#8220;the worst possible business executive that I have ever witnessed,&#8221; pointing to his bankruptcies, unpaid bills, and treatment of contractors.&nbsp;
<h2 class="wp-block-heading">A Call to Action</h2>
Throughout the Youngstown town hall, Walz encouraged Democrats to stop writing off Republican strongholds and to get more involved in local elections. He also emphasized the importance of connecting with Trump supporters in a respectful but firm way.
&#8220;Let them know that you're competent. Let them know that you're there. Those who show up make the rules,&#8221; he said.
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Tim Walz Says, 'It's Okay To Be Successful,' But 'Don't Be A Greedy Bastard And Not Pay Your Taxes'

In a Sunday interview, Ray Dalio, the founder of Bridgewater Associates, expressed his apprehension about a possible economic crisis that could surpass a recession if the current economic policies are not managed effectively.
What Happened: Dalio shared his concerns on Sunday on NBC&#8217;s Meet The Press. He warned that the U.S. is on the brink of a recession and a severe economic downturn could be on the horizon if the situation is not controlled properly.
Dalio, who had previously accurately&nbsp;predicted the 2008 financial crisis, drew attention to the collapse of the monetary order and significant changes in the domestic and global order. He drew parallels between the current times and the 1930s, referring to the disruptive mix of tariffs, excessive debt, and a rising power challenging the existing power.
&#8220;I think that right now we are at a decision-making point and very close to a recession,&#8221; Dalio <a href="https://www.nbcnews.com/politics/politics-news/investor-predicted-2008-financial-crisis-says-worried-something-worse-rcna201040">told</a> NBC. &#8220;And I&#8217;m worried about something worse than a recession, if this isn&#8217;t handled well.&#8221;
He specifically highlighted&nbsp;the unsustainable growth of U.S.&nbsp;debt,&nbsp;the decline in U.S. manufacturing, and the country&#8217;s increasing dependence on other nations for essential items. Dalio called on Congress members to commit to reducing the budget deficit to 3% of the GDP, cautioning of&nbsp;a supply-demand problem for debt&nbsp;if this is not achieved.
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&#8220;If they don&#8217;t, we&#8217;re going to have a supply-demand problem for debt at the same time as we have these other problems, and the results of that will be worse than a normal recession,&#8221; he added.
In Dalio&#8217;s worst-case scenario, the world economy could face disruption, potential military conflict could arise, and internal conflict could lead to a deviation from the known democratic norms.
Why It Matters: Dalio&#8217;s predictions are significant given his track record of accurately forecasting the 2008 financial crisis. His concerns about the current economic policies and the potential for a severe economic downturn highlight the importance of effective management and policy reform. 
The comparison to the 1930s serves as a stark reminder of the potential consequences of economic mismanagement and could serve as a wake-up call for policymakers. 
The specific issues Dalio points out, such as&nbsp;the unsustainable growth of U.S.&nbsp;debt and&nbsp;the decline in U.S. manufacturing, are critical areas that need to be addressed to prevent a potential crisis.
Read Next
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Ray Dalio Foresees Economic Crisis Worse Than Recession: 'I'm Worried About Something Worse Than A Recession, If This Isn't Handled Well'

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has managed to dodge a potential disaster as its key consumer electronics have been exempted from the 125% tariffs on goods manufactured in China by President Donald Trump.
What Happened: The tariff exemption announced by President Trump on Friday night encompasses&nbsp;iPhones, iPads, Macs, Apple Watches, and AirTags. Furthermore, the&nbsp;10% tariff on goods imported&nbsp;from other countries has been&nbsp;waived off for these products.
Despite the possibility of a new, lower sectoral tariff being imposed on goods containing semiconductors,&nbsp;and a 20% tariff on&nbsp;China still in place, this development signifies a major triumph for Apple and the consumer electronics industry that is heavily dependent on China for production, <a href="https://www.bloomberg.com/news/articles/2025-04-13/apple-was-on-brink-of-crisis-before-tariff-concession-from-trump?srnd=homepage-americas&amp;sref=TBDibEcD">reports </a>Bloomberg. 
Amit Daryanani, an analyst at Evercore ISI, expressed his relief for Apple in a note on Saturday, stating, &#8220;The&nbsp;tariffs would have driven material&nbsp;cost inflation.&#8221; He predicts a surge in Apple&#8217;s shares on Monday following an 11% plunge this month.
Prior to the recent exemption, Apple had devised a plan to shift its supply chain to manufacture&nbsp;more US-bound iPhones in India,&nbsp;which would have been subject&nbsp;to much lower levies. 
Also Read: <a href="https://www.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">Trump Grants Tariff Reprieve to Tech – Including From China &#8211; In Surprise Move</a>
This strategy was viewed as a short-term solution to evade the high China tariff and avert significant price increases.
Nevertheless, uncertainty prevails as White House policies are prone to change,&nbsp;and Apple may need to&nbsp;implement more drastic alterations.&nbsp;The Chinese Ministry of Commerce&nbsp;has described the move as &#8220;a&nbsp;small step by the US&nbsp;toward correcting its wrongful action&nbsp;of unilateral &#8216;reciprocal tariffs&#8217;,&#8221; and has called on the US to completely rescind the action.
Howard Lutnick, the US Commerce Secretary, indicated on ABC outlet that the late Friday reprieve&nbsp;was temporary, and reiterated Trump's&nbsp;plan to apply a different,&nbsp;specific levy to the sector.
Why It Matters:&nbsp;The tariff exemption is a significant development for Apple, which heavily relies on China for manufacturing its products. The move could potentially save the company from significant cost inflation, as noted by&nbsp;Evercore ISI analyst Amit Daryanani. 
However, the uncertainty surrounding White House policies and the temporary nature of the reprieve means that Apple may still need to consider alternative strategies, such as shifting more of its manufacturing to countries like India. 
The ongoing trade tensions between the US and China also add an element of unpredictability to the situation.
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Image: Shutterstock

Apple Escapes Supply Chain Crisis As Trump Excludes Popular Electronics From Tariffs

<a href="https://truthsocial.com/@realDonaldTrump/posts/114332337028519855" title="https://truthsocial.com/@realDonaldTrump/posts/114332337028519855">https://truthsocial.com/@realDonaldTrump/posts/114332337028519855</a>

Macro Economic Events

Economics

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

President Trump, In Truth Social Post Said :We Are Taking A Look At Semiconductors And The Whole Electronics Supply Chain In The Upcoming National Security Tariff Investigations"

<a href="https://truthsocial.com/@realDonaldTrump/114332337028519855" title="https://truthsocial.com/@realDonaldTrump/114332337028519855">https://truthsocial.com/@realDonaldTrump/114332337028519855</a>

President Trump, In Truth Social Post Sunday, Said "There Was No Tariff Exception Announced On Friday. These Products Are Subject To The Existing 20% Fentanyl Tariffs, And They Are Just Moving To A Different Tariff Bucket"

Entrepreneur and former presidential candidate Andrew Yang sparked conversation on social media Thursday morning with a simple but thought-provoking math question: &#8220;If something goes down 10% and then up 10% are you back where you started?&#8221;
&#8220;No because the decrease is from a bigger number,&#8221; Yang explained in a <a href="https://x.com/AndrewYang/status/1910146705045020719">tweet</a> that included a quick example. &#8220;E.g., 100 &#8211; 10 = 90 + 9 = 99.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If something goes down 10% and then up 10% are you back where you started? No because the decrease is from a bigger number. E.g., 100 &#8211; 10 =90 + 9 = 99
&mdash; Andrew Yang&#x1f9e2;&#x2b06;&#xFE0F;&#x1f1fa;&#x1f1f8; (@AndrewYang) <a href="https://twitter.com/AndrewYang/status/1910146705045020719?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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<h2 class="wp-block-heading">A Lesson With a Bigger Point</h2>
The tweet quickly gained traction, pulling in more than 300,000 views within hours as people weighed in on the concept and its wider implications. While Yang didn't say what exactly he was referring to, it was an obvious nod to recent <a href="https://www.benzinga.com/25/04/44728428/sp-500-records-biggest-surge-since-2008-as-trump-pauses-tariffs-investor-fear-eases-but-fear-greed-index-remains-in-extreme-fear-zone">market swings</a> and economic uncertainty.
Yang, who has long advocated for data-driven policy and economic reform, often uses his online presence to break down complex issues in simple terms. This tweet was no different, serving as a mini-lesson in percentage math that also hinted at a broader commentary on financial policy and decision-making.
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<h2 class="wp-block-heading">Critique of Leadership</h2>
Just a day earlier, Yang took a more direct shot at U.S. leadership. &#8220;Well at least we now know it only takes one moron in the wrong position surrounded by yes men to tank the world economy,&#8221; he <a href="https://x.com/AndrewYang/status/1909944780529754446">tweeted</a> on Wednesday.&nbsp;
While Yang didn't name names, the comment came in the middle of a heated debate over recent tariff decisions and their impact on the markets. President Donald Trump's administration has faced pushback after floating new tariffs, which caused investor panic before a <a href="https://www.benzinga.com/25/04/44727235/how-wall-street-and-tech-leaders-reacted-to-trumps-surprise-tariff-stance-reversal">90-day delay was announced</a>.
Yang responded to the delay with cautious relief: &#8220;Thank goodness that reason has prevailed vis-à-vis this 90 day delay in tariffs to properly negotiate,&#8221; he wrote.
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<h2 class="wp-block-heading">Retweeting the Irony</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump adviser: This was the plan Trump adviser: This was the plan Trump adviser: This was the plan Trump: The markets were panicking so I backed off
&mdash; Peter Hamby (@PeterHamby) <a href="https://twitter.com/PeterHamby/status/1910054532815675849?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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Yang also reposted a <a href="https://x.com/PeterHamby/status/1910054532815675849">tweet</a> from political journalist Peter Hamby, which took aim at mixed messages coming out of Trump's camp. Hamby wrote:
&#8220;Trump adviser: This was the plan
Trump adviser: This was the plan
Trump adviser: This was the plan
Trump: The markets were panicking so I backed off&#8221;
By amplifying that message, Yang highlighted what he sees as a lack of clear strategy behind major economic decisions.
Whether through a math lesson or a sarcastic retweet, Yang continues to use his platform to push for more thoughtful leadership—and maybe a little more logic in how decisions are made.
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Andrew Yang Wonders, 'If Something Goes Down 10% And Then Up 10%, Are You Back Where You Started?'

Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of<a href="https://www.benzinga.com/top-stories/24/06/39241650/heres-how-mark-cuban-made-91-of-his-employees-millionaires"> wealth on personal relationships</a>.
What Happened: Cuban, who has made a name for himself by investing in profitable companies and appearing on &#8220;Shark Tank,&#8221; shared his thoughts on wealth during an interview on The HoopsHype Podcast.
Contrary to the general perception, Cuban stated that money doesn&#8217;t necessarily alter a person.&nbsp;&#8220;Everybody thinks that money changes&nbsp;you. And it can, in&nbsp;many respects, but it doesn&#8217;t&nbsp;have to,&#8221; he said during the <a href="https://hoopshype.com/category/podcast/">interview</a>.
&#8220;Even when I was dead broke sleeping on the floor, I was having fun, hanging out with my friends. And those guys are still my same friends now,&#8221; he added.&nbsp;
Cuban also touched upon the difficulties of preserving relationships after acquiring wealth.&nbsp;&#8220;The hardest part is just dealing with friends when it first happens because they&#8217;re the ones that aren&#8217;t quite sure if you&#8217;re going to be the same person, how you&#8217;re going to act. Are you always going to pick up the check or only sometimes pick up the check? So it&#8217;s a little adjustment, but your true friends stay your true friends,&#8221; he elaborated.
Also Read: <a href="https://www.benzinga.com/news/22/08/28577562/what-its-like-to-have-mark-cuban-as-a-dad-you-dont-just-get-a-credit-card">Mark Cuban Is A Billionaire, But He Still Cooks For His Kids: &#8216;We Try To Be As Normal As Possible&#8217;</a>
Despite his vast fortune, Cuban underscored his efforts to maintain his down-to-earth attitude&nbsp;and ensure that his wealth&nbsp;hasn&#8217;t changed his character. He also noted that his wealth has granted him&nbsp;peace of mind and flexibility.
Cuban attributes his success to the time he has devoted to his family and children.
&#8220;I&#8217;m lucky because I don&#8217;t have to stress about bills, I don&#8217;t have to worry if they&#8217;re going to turn my lights off again and stuff like that, which I had to worry about in the past,&#8221; he said. &#8220;I don&#8217;t have to worry about money, and I can set my schedule,&#8221; Cuban said.&nbsp;
Why It Matters: Cuban&#8217;s insights provide a rare glimpse into the lives of the super-rich, challenging common stereotypes. His comments underscore the importance of maintaining personal values and relationships, despite significant wealth. 
This perspective is particularly relevant in today&#8217;s society, where wealth is often equated with personal change. 
Cuban&#8217;s emphasis on family and personal relationships as a key to success offers a refreshing counterpoint to the usual narratives surrounding wealth and success.
Read Next
<a href="https://www.benzinga.com/news/24/10/41196856/heres-how-mark-cubans-drunken-splurge-of-125-000-turned-into-a-profitable-investment">Mark Cuban Drunkenly Bought A $125,000 Lifetime Flight Pass And Turned It Into A Profitable Investment</a>
Photo: Ron Adar/Shutterstock

Success Stories

Mark Cuban Gets Real About What It Takes To Get Rich: 'Even When I Was Dead Broke Sleeping on the Floor, I Was Having Fun'

A recent survey conducted by The Wall Street Journal reveals that economists have drastically reduced growth estimates and raised inflation and unemployment projections since President Donald Trump assumed office, largely due to his trade policies.
What Happened: The outlet reported on Saturday that economists have adjusted their perspective on the U.S. economy in light of President Trump&#8217;s assertive trade policies. The primary driver of this change is the implementation of tariffs, which have been escalated beyond what was expected three months ago.
The <a href="https://www.wsj.com/economy/trade/us-economic-outlook-trump-b4e3469a?mod=hp_lead_pos1">survey</a>, which compiled&nbsp;responses from 64 academic and&nbsp;business economists between April 4 and 8, forecasts that the US gross domestic product (GDP) will only grow by&nbsp;0.8% in the fourth quarter&nbsp;compared to the previous year. This marks a substantial decrease from the 2% GDP growth predicted in January.
Findings from the survey also indicate that economists have raised their estimated likelihood of a&nbsp;recession in the next 12&nbsp;months to 45%, a significant increase from 22% in January. &#8220;We&#8217;re dancing with recession,&#8221; Joseph Davis, Vanguard&#8217;s chief economist told the outlet.
Also Read: <a href="https://www.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">Trump Grants Tariff Reprieve to Tech – Including From China &#8211; In Surprise Move</a>
In addition, economists anticipate that the average US tariff rate will surge about 19 percentage points by 2025. This is projected to deduct&nbsp;1.2 percentage points from 2025&nbsp;GDP growth and contribute an additional&nbsp;1.1 percentage points to inflation.
James F. Smith&nbsp;of EconForecaster has forecasted 3.1% growth on the assumption Trump will quickly roll back any tariffs because they are "so outrageous."
"It's looking like brilliant diplomacy. In the short run, I'd be very surprised to learn that most of the companies with critical supply chains don't have big inventories in warehouses around the U.S," Smith said. 
The unpredictability of Trump&#8217;s trade policies, including his inconsistent stance on tariffs, has further complicated the economic forecast. &#8220;No one—including, apparently, Trump himself—knows&nbsp;the final outcome,&#8221; the Journal reported.
Why It Matters:&nbsp;The revised economic outlook underscores the potential long-term impact of Trump&#8217;s trade policies on the US economy. The expected rise in tariffs and the increased probability of a recession could have significant implications for businesses and consumers alike. 
The uncertainty surrounding these policies adds another layer of complexity to economic planning and forecasting. 
As such, investors, policymakers, and businesses will need to closely monitor these developments and adjust their strategies accordingly.
Read Next
<a href="https://www.benzinga.com/25/04/44652222/trumps-tariffs-may-shift-us-spending-from-goods-to-services-creating-uncertainty-for-ecommerce-and-advertising-industries-analyst-warns" target="_blank" rel="noreferrer noopener">Tariffs To Impact End Demand: Goldman Sachs Analyst Expects Drag On Corporate Spending, Hiring</a>
Image: Shutterstock

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