EAST WEST BANKING CORP by EAST WEST BANKING CORPORATION Azioni (OTC: EWBKF)

Ultime notizie per EAST WEST BANKING CORP by EAST WEST BANKING CORPORATION (OTC:EWBKF) Azioni

EAST WEST BANKING CORP by EAST WEST BANKING CORPORATION

Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), the largest aluminum producer in the United States, reported $20 million in additional costs during its first quarter, stemming from newly imposed tariffs on Canadian aluminum imports last month.
What Happened: During its <a href="https://benzinga.com/news/earnings/25/04/44853254/alcoa-shares-gain-after-mixed-q1-results-eps-beat-revenues-miss">first quarter earnings</a> call on Wednesday, Alcoa&#8217;s CFO, Molly Bierman, said the 25% tariffs, which took effect on March 12th, have already impacted the company's bottom line, to the tune of $20 million, and expects tariff-related expenses to climb to $90 million during the second quarter.
Following up on this, CEO William F. Oplinger said the tariff poses a significant challenge for the company. "This is the most material impact to Alcoa, as approximately 70% of our aluminum produced in Canada is destined for U.S. customers," Oplinger said.
He estimated the annual cost of the 25% tariff could reach as high as $425 million.
See More: <a href="https://www.benzinga.com/25/04/44857599/ford-could-hike-prices-of-its-vehicles-in-the-us-amid-auto-tariff-uncertainty-report">Trump Tariffs Could Force Ford To Hike Prices Of Its Vehicles In US Days After It Extended Employee Pricing To All Customers</a>
Besides this, a portion of raw materials sourced from China is now subject to higher tariffs, according to Oplinger. He estimates those added costs will increase annual input expenses by $10 million to $15 million, citing a lack of viable alternative suppliers.
The company, however, expects to offset some of these costs with a high Midwest Premium, which refers to the added costs the buyers pay for aluminum, in addition to the base price. With this premium, Oplinger believes the net annual result is a negative $100 million for Alcoa.
Why It Matters: Recently, Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) analysts double-downgraded the stock, from &#8220;Buy&#8221; to &#8220;Underperform,&#8221; while slashing its Price Target from $58 to $26, representing a downward revision of 55%, citing lower aluminum prices and tariff pressures, <a href="https://www.barrons.com/articles/alcoa-stock-sell-double-downgrade-4222e6a2">reports</a> Barron&#8217;s. 
Alcoa&#8217;s CEO William Oplinger has been a vocal critic of the tariffs, saying that they could wipe out 100,000 U.S. jobs as far back as February, as <a href="https://www.investopedia.com/alcoa-s-ceo-says-trump-tariffs-could-wipe-out-100-000-u-s-jobs-11686292'">reported</a> by Investopedia. 
Price Action: Alcoa stock was up 1.58% on Wednesday, but is down 1.48% in after-hours trading following its first quarter earnings release that fell short of estimates. 
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="139" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17035803/Screenshot-2025-04-17-at-1.27.40-PM-1024x139.png" alt="" class="wp-image-875988" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17035803/Screenshot-2025-04-17-at-1.27.40-PM-1024x139.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17035803/Screenshot-2025-04-17-at-1.27.40-PM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17035803/Screenshot-2025-04-17-at-1.27.40-PM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17035803/Screenshot-2025-04-17-at-1.27.40-PM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17035803/Screenshot-2025-04-17-at-1.27.40-PM.png 1596w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Alcoa is trending weak in the short, medium, and long term, while only scoring well on value, at 82.54. For more insights on this stock, its peers, and competitors, consider signing up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44857178/trump-joins-japan-tariff-talks-calls-progress-big-as-63-billion-trade-surplus-looms">Trump Joins Japan Tariff Talks, Calls Progress &#8216;Big&#8217; As $63 Billion Trade Surplus Looms</a></li>
</ul>
Photo courtesy: Wirestock Creators / Shutterstock.com

Earnings

Markets

Alcoa Warns Tariffs Could Cost $425 Million Annually: 'This Is The Most Material Impact' Says CEO

Uber Technologies Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) chief Dara Khosrowshahi says Gen Z leaders need two college pillars — "learning all of the… really important basics of engineering" and "marrying that with liberal arts."
What Happened: Speaking to students at Brown University — his 1991 alma mater — he <a href="https://www.brown.edu/news/2025-04-10/dara-khosrowshahi">called</a> the double bill an "absolute necessity when you're in a leadership position."
Engineering, he said, taught him "how to solve complex problems," skills that powered a career jump from investment banking to orchestrating Expedia Group Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) $1.3 billion buyout from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and, ultimately, to the Uber driver seat. 
Liberal‑arts coursework, meanwhile, "really taught me to communicate in a compelling way," a talent investors now prize as CEOs front‑facing everything from earnings calls to social‑media storms.
See also: <a href="https://www.benzinga.com/tech/25/04/44857520/bill-gates-says-his-kids-and-grandkids-will-live-in-a-very-changed-world-as-ai-puts-an-end-to-shortage-of-teachers-and-doctors">Bill Gates Says His Kids And Grandkids Will Live In A &#8216;Very Changed World&#8217; As AI Puts An End To Shortage Of Teachers And Doctors</a>
The Brown grad's résumé backs the advice: Expedia's revenue went from $2.1 billion to $8.7 billion under his watch, and Uber's market cap hovers near $141 billion.
For students wondering whether tuition is worth it, Khosrowshahi points to the earning power of hybrid fluency — technical IQ plus storytelling savvy — at a moment when AI competence and human empathy share top billing in the C‑suite.
Why It Matters: While Uber&#8217;s CEO believes studying engineering and liberal arts in college was critical to his leadership growth, many other business leaders don&#8217;t necessarily agree. Elon Musk, for one, told a conference in 2020 that he thinks &#8220;college is <a href="https://www.benzinga.com/personal-finance/24/04/38319479/elon-musk-thinks-college-is-basically-for-fun-and-to-prove-that-you-can-do-your-chores-says-degr">basically for fun</a> and to prove that you can do your chores, but they&#8217;re not for learning.&#8221;
Peter Thiel, the billionaire cofounder of PayPal and an early Facebook investor, has a complicated relationship with higher education, too. The Stanford University graduate with a philosophy degree and a law degree thinks <a href="https://www.benzinga.com/startups/24/12/42366606/peter-thiel-is-a-stanford-grad-but-thinks-college-is-such-a-waste-that-he-offers-100000-to-students-who-quit-compares-education-to-santa">college is so overrated</a> that he will pay students $100,000 to drop out.
Read next: <a href="https://www.benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it">Charlie Munger Once Said Warren Buffett Is A &#8216;Learning Machine&#8217; And That&#8217;s What Lies Beneath Berkshire Hathaway&#8217;s Success From One Decade To Another</a>

Education

General

EXPE

MSFT

UBER

Uber CEO Dara Khosrowshahi Says The Two College Courses Are 'Absolute Necessity' For C-Suite-Aspiring Leaders

As the U.S. dollar remains under pressure, its status as the &#8220;reserve currency&#8221; has come into question. Experts are highlighting the current administration&#8217;s intentions to reshape global economic linkages, along with a market reaction that suggests a potential erosion in its status.
What Happened: The U.S. dollar index has declined 8.21% on a year-to-date basis as of the publication of this article. This decline was accelerated by the surprising market response to the <a href="https://benzinga.com/25/04/44616760/donald-trump-sets-reciprocal-tariffs-on-key-trade-partners-in-historic-policy-shock">administration&#8217;s announced reciprocal tariffs</a> in early April 2025.
A recent study titled &#8216;Dollar Upheaval: This Time is Different,&#8217; by five experts, including Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig, Robert Richmond, and Chenzi Xu, highlights that &#8220;Between April 4 and April 14, the U.S. dollar depreciated by 3.6%.&#8221;
&#8220;Normally, in times of global volatility… the dollar appreciates as dollar-denominated assets benefit from a flight to safety. Not this time around,&#8221; the note stated.
This unexpected depreciation suggests a disconnect between traditional market dynamics and the dollar&#8217;s current performance. &#8220;If U.S. Treasuries are no longer viewed as the world's preferred safe asset, then the status of the dollar as the world's reserve currency may be called into question.&#8221;
Adding a crucial layer to this analysis is commentary from Chatham House expert David Lubin, who points to a &#8220;view of some within the Trump administration that the reserve currency status of the dollar is more of a burden to the U.S. economy than a blessing.&#8221;
This &#8220;policy push&#8221; aims to weaken the dollar permanently against other currencies, hoping to reduce the trade deficit and attract manufacturers to the U.S.
However, Lubin strongly cautions against this approach, arguing that &#8220;if the international monetary system cannot rely on the dollar's full convertibility, or its availability in a crisis, it is entering unknown territory. Undermining the dollar's global status would not only transmit huge amounts of additional uncertainty to the global economy, but would be a needless act of self-harm for the U.S.&#8221;
See Also: <a href="https://www.benzinga.com/25/04/44834505/scott-bessent-affirms-china-wont-weaponize-us-treasuries-as-it-would-weaken-their-currency-affecting-exports-we-do-buybacks">Scott Bessent Says China Won&#8217;t &#8216;Weaponize&#8217; US Treasuries, Citing Risk To RMB And Exports: &#8216;We Do Buybacks&#8217;</a>
Why It Matters: Despite the administration&#8217;s potential motivations and the market&#8217;s reaction, as detailed in the &#8216;Dollar Upheaval&#8217; note suggests a market pull away from the dollar&#8217;s traditional &#8220;safe asset&#8221; status.
Their analysis of the Treasury basis further indicates that investors &#8220;(i) question the safety of the dollar, not just Treasuries, and (ii) that they perceive these changes to be long-lasting.&#8221;
Lubin notes a growing argument in the government, citing Vice President JD Vance&#8216;s &#8220;resource curse&#8221; analogy and Steve Miran&#8216;s claim that the dollar&#8217;s reserve role is causing &#8220;persistent currency distortions&#8221; leading to trade deficits.
The confluence of a deliberate policy push to weaken the dollar and a market response indicating a declining appetite for dollar-denominated assets paints a concerning picture, according to these experts.
Price Action: The U.S. Dollar Index Spot was 0.33% up at the 99.706 level as of the publication of this article. It was close to its 52-week low of 99.0140 and 9.5% lower than its 52-week high of 110.1760.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 2.22% to $525.66, while the QQQ declined 3.02% to $444.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the Dow Jones futures were up 0.78%, whereas the S&amp;P 500 index rose 0.90% and the Nasdaq 100 advanced 1.09%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">China Now Faces Up To 245% Tariffs On Certain Imports, Says White House: Here&#8217;s What You Should Know</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Analyst Color

Government

Macro Economic Events

Macro Notification

Market Summary

News

Regulations

Bonds

Broad U.S. Equity ETFs

Futures

Politics

Forex

Treasuries

Economics

Analyst Ratings

ETFs

Policy Push vs. Market Pull: Dollar Under Pressure As 'Reserve Currency May Be Called Into Question' Amid Tariff Turmoil

Shares of Liberty Energy Inc.  (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) rose sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/LBRT/earnings">first-quarter results</a>.
Liberty Energy reported quarterly earnings of 4 cents per share which missed the analyst consensus estimate of 5 cents per share. The company reported quarterly sales of $977.46 million which beat the analyst consensus estimate of $954.73 million.
Liberty Energy shares jumped 9.1% to $12.47 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Baijiayun Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTC#NASDAQ">RTC</a>) rose 90.2% to $0.4088 in pre-market trading after the company formed a strategic partnership with Xinlantian to combine AI Video and large language model technologies with decade-long expertise in autism rehabilitation, for autistic children across China.</li>
<li>SMX (Security Matters) Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) surged 52.7% to $2.23 in pre-market trading after gaining 4% on Wednesday.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) gained 31% to $0.0347 in pre-market after dipping 18% on Wednesday.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) gained 24.3% to $7.09 in pre-market trading after CNBC&#8217;s Scott Wapner said Pershing Square&#8217;s Hertz stake is 19.8%, through shares &amp; swaps.</li>
<li>Avanos Medical, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVNS#NYSE">AVNS</a>) rose 24.3% to $14.99 in pre-market trading.</li>
<li>TXNM Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXNM#NYSE">TXNM</a>) jumped 21.7% to $64.00 in pre-market trading. TXNM Energy will announce first quarter financial results before the opening bell on Friday, May 9.</li>
<li>IT Tech Packaging, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITP#NYSE">ITP</a>) surged 21.4% to $0.31 in pre-market trading.</li>
<li>Algoma Steel Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTL#NASDAQ">ASTL</a>) rose 20.8% to $5.69 in pre-market trading.</li>
<li>Green Dot Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) gained 18.4% to $8.79 in pre-market trading. Green Dot will host a conference call and earnings webcast to discuss first quarter financial results on Thursday, May 8.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>enVVeno Medical Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVNO#NASDAQ">NVNO</a>) fell 47.4% to $1.25 in pre-market trading.</li>
<li>Asure Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASUR#NASDAQ">ASUR</a>) fell 34.3% to $6.00 in pre-market trading.</li>
<li>iOThree Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IOTR#NASDAQ">IOTR</a>) shares fell 32.3% to $1.25 in pre-market trading after dipping 54% on Wednesday.</li>
<li>Sionna Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SION#NASDAQ">SION</a>) shares dipped 30% to $7.00 in pre-market trading following a 5% gain on Wednesday.</li>
<li>TNF Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNFA#NASDAQ">TNFA</a>) shares tumbled 22.6% to $0.19 in pre-market trading after dipping 9% on Wednesday.</li>
<li>Mercer International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MERC#NASDAQ">MERC</a>) shares fell 20.4% to $4.10 in pre-market trading. Mercer International will release its first quarter results for the period ending March 31, 2025 on Thursday, May 1, after the closing bell.</li>
<li>Legacy Education Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGCY#NYSE">LGCY</a>) fell 16.7% to $5.31 in today's pre-market trading.</li>
<li>Telos Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>) fell 16.7% to $2.10 in pre-market trading.</li>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) dipped 14.4% to $5.01 in pre-market trading after gaining around 6% on Wednesday.</li>
<li>Interface, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TILE#NASDAQ">TILE</a>) declined 8.7% to $17.01 in pre-market trading.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44836659/top-3-industrials-stocks-that-may-plunge-this-month">Top 3 Industrials Stocks That May Plunge This Month</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

ASTL

ASUR

AVNS

CURV

GDOT

IOTR

LBRT

LGCY

MERC

NVNO

SION

STSS

TILE

TNFA

TXNM

Why Liberty Energy Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket

Gold prices have been scaling fresh highs amid the global market uncertainty, however, some experts point out that a severe correction could be looming amid this gold bull run.
What Happened: While the Gold Spot U.S. Dollar has scaled a fresh high at $3,357.81 per ounce and trades above the 3,300-mark, experts have now started cautioning against this bull run.
According to Patrick Karim, the co-founder of NorthstarBadcharts.com, gold undergoes corrections even during bull markets.
The data shared by him shows that gold prices underwent a correction of over 48% during December 1974 to August 1976, 33% during March 2008 to October 2008, and 22% between August 2020 to September 2022.
<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">I know, gold bulls don&#39;t want to read this right now&#8230; But even during bull markets, gold had these corrections: Dec 1974 to Aug 1976, drop over 48%. Mar 2008 to Oct 2008, drop over 33%. Aug 2020 to Sep 2022, drop over 22%. Same setup now with price historically stretched. <a href="https://t.co/FgRd6uJh6D">pic.twitter.com/FgRd6uJh6D</a>
&mdash; Patrick Karim (@badcharts1) <a href="https://twitter.com/badcharts1/status/1912633618435887502?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, the CEO of Cardone Capital, Grant Cardone said, &#8220;gold acting like we in depression. Rates will drop like rock.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">gold acting like we in depression. Rates will drop like rock &#x2b07;&#xFE0F; <a href="https://t.co/zy09KAdhYd">pic.twitter.com/zy09KAdhYd</a>
&mdash; Grant Cardone (@GrantCardone) <a href="https://twitter.com/GrantCardone/status/1912618410497782149?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to data shared by Charlie Bilello of Creative Planning, the inflation-adjusted gold prices were back at an all-time high, after 45 years, surpassing the prior peak from 1980.
<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">It took 45 years to get there, but inflation-adjusted Gold prices are back at an all-time high, surpassing the prior peak from 1980. <a href="https://twitter.com/search?q=%24GOLD&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GOLD</a><a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/bXWisvrl3c">pic.twitter.com/bXWisvrl3c</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912558536573268362?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Economist Mohamed El-Erian said that the rise in gold prices was a result of the slow and steady diversification away from the dollar by some foreign central banks and others.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The price of gold registered another record high today, overcoming yet another periodic round of profit-taking by some tactical traders — this as it benefits from the tailwind of slow and steady diversification away from the dollar by some foreign central banks and others.<a href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a>… <a href="https://t.co/MKDnxZddv0">pic.twitter.com/MKDnxZddv0</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1912523089557987357?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
This was also confirmed by a study titled ‘Dollar Upheaval: This Time is Different&#8217;. The note written by five experts concluded that investors "(i) question the safety of the dollar, not just Treasuries, and (ii) that they perceive these changes to be long-lasting."
"Normally, in times of global volatility… the dollar appreciates as dollar-denominated assets benefit from a flight to safety. Not this time around," the note stated.
Thus, it is evident that investors were preferring gold as a safe-haven asset over the U.S. Treasuries of the U.S. dollar.
See Also: <a href="https://www.benzinga.com/25/04/44834505/scott-bessent-affirms-china-wont-weaponize-us-treasuries-as-it-would-weaken-their-currency-affecting-exports-we-do-buybacks">Scott Bessent Says China Won&#8217;t &#8216;Weaponize&#8217; US Treasuries, Citing Risk To RMB And Exports: &#8216;We Do Buybacks&#8217;</a>
Why It Matters: The Gold Spot US Dollar price has rallied 27% from $2,623.81 on Dec. 31, 2024, to $3,332.16 per ounce as of today. 
When compared with data from over 25 years, gold prices have skyrocketed 1056% from $288.25 on Dec. 31, 1999. In comparison, the S&amp;P 500 index has risen by 259.1% from 1,469.25 on Dec. 31, 1999, to 5,275.70 as of Wednesday&#8217;s close.
Gold prices were on pace to score their best year since 1979, when the prices rallied 126.5% on a year-to-date basis.
<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">Gold hit another all-time high today and is now up over 27% in 2025. On pace for its best year since 1979.<a href="https://t.co/l5IYmkeySJ">https://t.co/l5IYmkeySJ</a> <a href="https://t.co/qrnwssFL0X">pic.twitter.com/qrnwssFL0X</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1912676841199935975?ref_src=twsrc%5Etfw">April 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Price Action: The gold price was down 0.54% at $3,332.16 as of the publication of this article. Following Gold ETFs have also done well during this bull run.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Gold ETFs</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Franklin Responsibly Sourced Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FGDL#NYSE">FGDL</a>)</td>
<td>25.78%</td>
<td>40.86%</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#BATS">AAAU</a>)</td>
<td>25.37%</td>
<td>40.32%</td>
</tr>
<tr>
<td>GraniteShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAR#NYSE">BAR</a>)</td>
<td>25.42%</td>
<td>40.40%</td>
</tr>
<tr>
<td>VanEck Merk Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUNZ#NYSE">OUNZ</a>)</td>
<td>25.24%</td>
<td>40.15%</td>
</tr>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>25.28%</td>
<td>40.02%</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>25.38%</td>
<td>40.28%</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>25.41%</td>
<td>40.45%</td>
</tr>
<tr>
<td>abrdn Physical Gold Shares ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGOL#NYSE">SGOL</a>)</td>
<td>25.32%</td>
<td>40.30%</td>
</tr>
<tr>
<td>iShares Gold Trust Micro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUM#NYSE">IAUM</a>)</td>
<td>25.49%</td>
<td>40.60%</td>
</tr>
<tr>
<td>Invesco DB Precious Metals Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBP#NYSE">DBP</a>)</td>
<td>21.48%</td>
<td>29.06%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Wednesday. The SPY was down 2.22% to $525.66, while the QQQ declined 3.02% to $444.18, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
On Thursday, the Dow Jones futures were up 1.04%, whereas the S&amp;P 500 index rose 1.19% and the Nasdaq 100 advanced 1.21%.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44836076/gold-fund-inflows-smash-record-with-80-billion-in-2025-these-etfs-are-riding-the-3300-surge">Gold Fund Inflows Smash Record With $80 Billion In 2025 — These ETFs Are Riding The $3,300 Surge</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Commodities

AAAU

FGDL

GLDM

IAUM

OUNZ

SGOL

Gold Nears $3,400 Mark, Experts Point To Likely 'Correction' Amid Bull Market: 'Rates Will Drop Like Rock'

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) new vehicle registrations in California have declined despite <a href="https://www.benzinga.com/25/04/44802015/us-electric-vehicle-sales-up-11-in-q1-as-tesla-declines-the-winners-and-losers">growing adoption of EVs </a>in the domestic market, according to the latest Q1 2025 sales data.
What Happened: The California New Car Dealers Association (CNCDA) released a report on Wednesday, highlighting the new vehicle registrations in the state for Q1 2025. According to the <a href="https://www.cncda.org/news/california-new-car-dealers-association-releases-q1-2025-auto-outlook-report/">report</a>, Tesla logged over 42,322 new vehicle registrations in California.
In comparison, the company logged over 49,875 registrations in Q1 2024, a 15.1% year-on-year decline. Tesla's EV market share also fell from 55.5% to 43.9% in Q1 2025.
The EV market share also experienced a marginal YoY decline, at 20.8% in Q1 2025, compared to 21.4% in Q1 2024. However, despite the decline, the report indicated the Tesla Model 3 and Model Y continue to be top-selling models in the state.
Why It Matters: The report comes in as Tesla faces growing uncertainty with its Cybercab and Semi ambitions, which could face disruptions in mass production due to <a href="https://www.benzinga.com/25/04/44831422/donald-trumps-145-tariffs-on-china-could-disrupt-teslas-cybercab-semi-production-report">import tariffs on China</a> by the Trump administration.
<a href="https://www.benzinga.com/markets/equities/25/04/44832483/tesla-bull-ross-gerber-says-elon-musk-doesnt-care-about-company-anymore-blames-focus-on-other-ventures-for-ev-makers-slump">Experts have criticized Musk</a> for his lack of involvement with the EV giant, owing to the billionaire's other ventures like xAI and his commitments to the Trump administration's DOGE, or Department of Government Efficiency.&nbsp;
In the midst of it all, Tesla has been showcasing its FSD prowess, something Elon Musk swears by as he predicted a Tesla car <a href="https://www.benzinga.com/markets/equities/25/04/44834045/tesla-touts-fsd-capabilities-elon-says-predicts-cars-will-soon-drive-itself-right-to-your-house">will soon drive itself </a>‘right to your house.' Tesla says FSD has logged over 50,000 driverless miles between California and Texas production units.
Price Action: TSLA stock currently trades for $241.55 on the NASDAQ and has experienced a 36.31% YTD decline, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="958" height="130" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17040951/image-13.png" alt="" class="wp-image-876010" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17040951/image-13.png 958w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17040951/image-13-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17040951/image-13-768x104.png 768w" sizes="(max-width: 958px) 100vw, 958px" /></a></figure>
Based on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Edge Stock Rankings</a>, Tesla scores a solid 67.66% in growth and 93.69% in momentum, though it lags in value. Curious how other automakers stack up? Check out Benzinga Edge for deeper insights.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44845458/tesla-top-10-shareholder-questions-investors-want-answers-on-fsd-cybercab-tariffs-brand-damage-and-more">Tesla Shareholders Demand Answers On Self-Driving, Cybercab, Tariffs, Brand Damage And More: Their Top 10 Questions Ranked</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

TSLA

Tesla Experiences 15% Decline In New Vehicle Registrations In California Despite A Surge In EV Sales

Jim Cramer has told investors about Nvidia&#8217;s transformation into a &#8220;meme stock,&#8221; following a significant earnings hit due to U.S. export restrictions.
What Happened: In a post on X on Wednesday, Cramer, a former hedge fund manager and host of CNBC&#8217;s Mad Money, expressed his concern about Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) becoming a meme stock. 
He advised investors to reduce their holdings in the company, citing a $5.5 billion earnings hit due to U.S. export restrictions on Nvidia's H20 AI chips to China. 
&#8220;Nvidia has become a meme stock and it has to be cut back,&#8221; posted Cramer.
<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">As i said in my painful Sunday think piece for club members, Nvidia had become a meme stock and it has to be cut back.. Don&#39;t say thanks for telling me now cause club members got the whole call
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1912428719328666058?ref_src=twsrc%5Etfw">April 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The restrictions, announced on April 15, were&nbsp;aimed at limiting China's access&nbsp;to semiconductors for military use. It is also suspected that China used Nvidia&#8217;s H2O chips for developing DeepSeek&#8217;s R1 model. Following the announcement, Nvidia's shares dropped 6.9% on April 16, 2025. Cramer&#8217;s post suggests that he had already advised his club members to reduce Nvidia holdings in a &#8220;painful Sunday think piece&#8221;.
When asked about Nvidia on CNBC&#8217;s "<a href="https://www.benzinga.com/25/04/44836567/jim-cramer-nrg-energy-is-very-good-utility">Mad Money</a> Lightning Round," on Wednesday, Jim Cramer&nbsp;stated, "You can&#8217;t own it like you used to, meaning you have to trim, and I said I&#8217;m going to have to sell some.&#8221; "It&#8217;s a different world,&#8221; Cramer added.
SEE ALSO:&nbsp;<a href="https://benzinga.com/news/global/25/04/44856008/china-dismisses-trumps-tariff-numbers-game-files-wto-complaint-talks-can-only-proceed-based-on-mutual" target="_blank" rel="noreferrer noopener">China Dismisses Trump&#8217;s Tariff &#8216;Numbers Game,&#8217; Files WTO Complaint: Talks Can Only Proceed Based On &#8216;Mutual Respect&#8217;</a>
Why It Matters:&nbsp;The U.S. export restrictions have highlighted&nbsp;the geopolitical risks tied to&nbsp;Nvidia's reliance on the Chinese&nbsp;market. Nvidia even failed to <a href="https://www.benzinga.com/25/04/44835247/nvidias-reported-failure-to-inform-chinese-clients-on-new-chip-restrictions-could-give-huawei-a-strategic-edge">inform </a>some of its major Chinese customers about the new U.S. export rules affecting its AI chip.
In response to a national security investigation, Nvidia <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">defended </a>its compliance with U.S. export rules. The company issued a statement addressing a House Select Committee&#8217;s inquiry into the sale of its H20 processors, which recently became subject to new export restrictions.
Besides Cramer, Wedbush Tech analyst Dan Ives also expressed concern over Nvidia&#8217;s situation and told CNBC, &#8220;China is almost a zero for Nvidia&#8212;this is a blockade.&#8221; On the other hand, Bank of America&nbsp;analyst&nbsp;Vivek Arya&nbsp;feels the restrictions on the export of H20 chips were expected and represented just a &#8220;manageable risk&#8221; to Nvidia&#8217;s revenue estimates.
Meanwhile, some analysts suggest that Chinese AI chipmakers, particularly Huawei, could gain an advantage from the restrictions on H20, as they provide alternatives to Nvidia's product lineup.
Benzinga&#8217;s Edge Rankings&nbsp;highlight strong momentum and growth rankings for Nvidia in the 77th and 95th percentiles, respectively. Curious how other stocks stack up?&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a>&nbsp;to uncover growth and momentum scores for top stocks
<ul>
<li>READ MORE:&nbsp;<a href="https://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-ge" target="_blank" rel="noreferrer noopener">Peter Schiff: &#8216;China Is Selling Dollars And Treasuries To Buy Euros And Bunds.&#8217; Crashing The Markets Not Part Of A &#8216;Genius Master Plan&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

Jim Cramer Calls Nvidia A 'Meme Stock' That Needs To Be Trimmed: 'You Can't Own It Like You Used To'

<h3>Companies Reporting Before The Bell</h3>
• Evotec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $250.69 million. 
• Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is expected to report quarterly earnings at $1.82 per share on revenue of $23.92 billion. 
• Badger Meter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMI#NYSE">BMI</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $220.76 million. 
• Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is estimated to report quarterly earnings at $1.01 per share on revenue of $5.54 billion. 
• Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $1.97 billion. 
• ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $3.96 billion. 
• State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is likely to report quarterly earnings at $2.01 per share on revenue of $3.32 billion. 
• American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is expected to report quarterly earnings at $3.47 per share on revenue of $16.93 billion. 
• Marsh &amp; McLennan Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) is estimated to report quarterly earnings at $3.00 per share on revenue of $7.08 billion. 
• D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is estimated to report quarterly earnings at $2.65 per share on revenue of $8.03 billion. 
• Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) is projected to report quarterly earnings at $4.82 per share on revenue of $1.21 billion. 
• Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $363.15 million. 
• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is expected to report quarterly earnings at $0.70 per share on revenue of $2.16 billion. 
• Texas Capital Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBI#NASDAQ">TCBI</a>) is estimated to report quarterly earnings at $0.95 per share on revenue of $283.30 million. 
• Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $1.83 billion. 
• Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $2.68 billion. 
• Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) is expected to report quarterly earnings at $0.87 per share on revenue of $4.94 billion. 
• UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is likely to report quarterly earnings at $7.29 per share on revenue of $111.60 billion. 
• Insteel Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $149.85 million. 
• Hooker Furnishings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOFT#NASDAQ">HOFT</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $101.16 million. 
• Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $1.89 billion. 
• Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $4.90 billion. 
• KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $1.75 billion. 
<h3>Companies Reporting After The Bell</h3>
• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is expected to report quarterly earnings at $5.72 per share on revenue of $10.51 billion. 
• Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is expected to report quarterly earnings at $1.16 per share on revenue of $175.04 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALLY

FITB

HBAN

HOFT

IIIN

INDB

INFY

NFLX

SCHW

TCBI

Earnings Scheduled For April 17, 2025

&nbsp;Jeff Bezos, the founder of&nbsp;Amazon Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), has&nbsp;sold his Seattle mansion for&nbsp;$63 million. Bezos and his fiancée, Lauren Sanchez, have since moved to Miami, where <a href="https://www.benzinga.com/real-estate/25/01/42805560/jeff-bezos-miami-billionaire-bunker-neighbor-is-selling-an-empty-lot-for-200-million-its-less-than-2-acres-and-they-paid-27-5-million">they now reside&nbsp;in a $237 million compound</a>.
What Happened: The sale of Bezos&#8217; Seattle mansion is the largest in the history of Washington state, <a href="https://www.bizjournals.com/seattle/news/2025/04/09/hunts-point-mansion-barney-ebsworth-record-sale.html">reported</a> Puget Sound Business Journal. The property was acquired by Cayan Investments LLC. Bezos had originally purchased the mansion in 2019 for $37.5 million, thus making a profit of over&nbsp;$25 million from the sale.
The mansion, situated in the upscale Hunts Point neighborhood, covers 3.27 acres and offers a view of Lake Washington. It is located just 7 miles from Amazon&#8217;s&nbsp;headquarters in downtown Seattle and&nbsp;other major tech companies like&nbsp;Microsoft Corp, Apple Inc., and Alphabet Inc.&#8216;s subsidiary Google.
See Also:&nbsp;<a href="https://www.benzinga.com/tech/25/04/44804849/amazon-founder-jeff-bezos-once-made-his-grandmother-cry-trying-to-show-off-his-math-skills-that-day-his-grandfather-gave-him-a-life-changing-piece-of-wisdom">Amazon Founder Jeff Bezos Once Made His Grandmother Cry Trying To Show Off His Math Skills — That Day, His Grandfather Gave Him A Life-Changing Piece Of Wisdom</a>
Bezos and Sanchez relocated to Miami about 18 months ago, citing proximity to Bezos&#8217; parents and&nbsp;his aerospace company Blue Origin&#8216;s operations in Florida as <a href="https://www.benzinga.com/real-estate/25/01/42805560/jeff-bezos-miami-billionaire-bunker-neighbor-is-selling-an-empty-lot-for-200-million-its-less-than-2-acres-and-they-paid-27-5-million">reasons for the move</a>. 
Recently, Sanchez joined a Blue Origin <a href="https://www.benzinga.com/general/space/25/04/44786258/katy-perry-lauren-sanchez-among-blue-origins-all-women-ns-31-crew-set-to-take-flight-in-west-texas">flight to space alongside celebrities</a> Katy Perry and Gayle King. 
Why It Matters: The couple now lives&nbsp;in a three-mansion compound in&nbsp;the <a href="https://www.benzinga.com/real-estate/25/01/42805560/jeff-bezos-miami-billionaire-bunker-neighbor-is-selling-an-empty-lot-for-200-million-its-less-than-2-acres-and-they-paid-27-5-million">exclusive Indian Creek neighborhood</a>, also known as the &#8220;Billionaire Bunker.&#8221;
A <a href="https://fortune.com/2025/04/16/jeff-bezos-sold-seattle-mansion-for-record-breaking-63-million-lauren-sanchez-miami-compound/">report</a> by Fortune suggests that the move to Florida, a state with no capital gains tax, could also be financially beneficial for Bezos. The Washington State Supreme Court upheld&nbsp;a 7% tax on capital&nbsp;gains in March 2023, which could have significantly impacted Bezos&#8217; finances.
The couple has been engaged since May 2023, with Bezos <a href="https://www.benzinga.com/24/12/42662407/jeff-bezos-says-600-million-wedding-rumor-is-completely-false-elon-musk-michael-saylor-bill-ackman-respond">recently refuting rumors of a planned $600 million wedding ceremony</a>. &#8220;This whole thing is completely false – none of this is happening,&#8221; Bezos posted on social media in December, responding to reports that claimed he and Sanchez would marry at Kevin Costner&#8217;s Dunbar Ranch in Aspen.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/tech/25/04/44784826/jeff-bezos-backed-slate-auto-to-take-on-elon-musks-tesla-rivian-with-budget-ev-pickup-report">Jeff Bezos-Backed Slate Auto To Take On Elon Musk&#8217;s Tesla, Rivian With Budget EV Pickup</a></li>
</ul>
Photo courtesy: Shutterstock

AMZN

Jeff Bezos Sells Seattle Mansion For Record $63 Million After Moving To Florida's 'Billionaire Bunker'

WIIM

Taiwan Semiconductor shares are trading higher after the company reported better-than-expected Q1 financial results and issued better-than-expected Q2 revenue outlook.

On Thursday,&nbsp;Taiwan Semiconductor Manufacturing Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) first-quarter results beat forecasts, fueled by <a target="_blank" href="https://www.benzinga.com/topic/tsmc" rel="noreferrer noopener">demand for advanced</a> processor node technologies for artificial intelligence applications.
The contract chipmaker, which supplies chips for&nbsp;Nvidia Corp's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;graphics processing unit&nbsp;(GPU)&nbsp;and&nbsp;Apple, Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;smartphones, guided for strong second-quarter revenue.
Taiwan Semiconductor reported first-quarter net sales of $25.53 billion (839.25 billion New Taiwanese Dollars), up 41.6% year-over-year, topping the analyst consensus estimate of $23.92 billion. Net sales declined <a target="_blank" href="https://pr.tsmc.com/english/news/3222" rel="noreferrer noopener">3.4% quarter-over-quarter</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44851295/asml-cfo-incorporates-tariff-impact-in-outlook-reveals-strong-demand-for-advanced-euv-and-high-na-systems" rel="noreferrer noopener">ASML CFO Incorporates Tariff Impact In Outlook, Reveals Strong Demand For Advanced EUV And High NA Systems</a>
Net income and earnings per share were $361.56 billion New Taiwanese Dollars and 13.94 New Taiwanese Dollars per share (or $2.12), topping the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus of $1.82</a>.
In U.S. dollar terms, revenue growth was 35.3% year over year and down by 5.1% quarter over quarter.&nbsp;The top-line performance&nbsp;aligned with the <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43022654/taiwan-semiconductor-q4-earnings-3nm-and-5nm-nodes-lead-topline-growth-expands-margins-issues-strong-q1-outlook" rel="noreferrer noopener">company's guidance of</a> $25.0 billion to $25.8 billion.
The company said 3-nm accounted for 22% of the total revenue, 5-nm accounted for 36%, and 7-nm technologies accounted for 15%. 7-nm and more advanced technologies comprised 73% of the total wafer revenue.
Margin Profile: Taiwan Semiconductor's AI technology moat helped it expand its quarterly gross margins by 572 bps to 58.8%. Taiwan Semiconductor's operating margin expanded by 649 bps to 48.5%.
Outlook: Taiwan Semiconductor <a target="_blank" href="https://pr.tsmc.com/system/files/newspdf/attachment/47bb551441da2d6b6a3ec0c03763e3e7a18a243e/1Q25%20%28E%29_with%20guidance_final_wmn.pdf" rel="noreferrer noopener">guided second-quarter</a> 2025 revenue of $28.4 billion to $29.2 billion versus the $26.79<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> billion analyst estimate</a>. It expects a gross margin of 57% to 59% and operating profit margins of 47% to 49%.
CFO Wendell Huang said, "Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm and 5nm technologies. While we have not seen any changes in our customers' behavior so far, uncertainties and risks from the potential impact from tariff policies exist. We will continue to closely monitor the potential impact on the end market demand, and manage our business prudently."
Taiwan Semiconductor did not&nbsp;engage in discussions to form a venture or share its technology with any company, dismissing speculation of possible collaboration with struggling chipmaker&nbsp;Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2025-04-17/tsmc-dismisses-intel-tie-up-talk-says-no-intent-to-share-tech?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">reported</a>,&nbsp;citing company executives.
In March, Taiwan Semiconductor chief&nbsp;C.C. Wei&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44815107/taiwan-semiconductor-preps-new-chip-tech-to-supercharge-ai-performance-by-2027" rel="noreferrer noopener">announced&nbsp;an additional</a> $100 billion&nbsp;investment&nbsp;in U.S. chipmaking (on top of $65 billion in April 2024). The investment followed&nbsp;President Donald Trump's verbal attacks&nbsp;on Taiwan "for stealing" the U.S. semiconductor business, which led to massive trade deficits for Washington.
Price Action:&nbsp;TSM stock traded higher by 4.40% to $157.33 premarket at the last check on Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44852860/nvidia-lam-research-and-marvell-to-face-least-impact-from-tariffs-while-intel-and-arm-could-suffer-more-bofa-analyst" target="_blank" rel="noreferrer noopener">These Semiconductor Stocks To Face Least Tariffs Impact Compared To Intel</a></li>
</ul>
Photo by Sundry Photography on Shutterstock

Asia

Guidance

Emerging Markets

Media

AAPL

INTC

Taiwan Semiconductor CFO Anticipates Tariffs Impact But Has Not Seen Change In Customer Behavior Yet, Issues Strong Q2 Outlook

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8216;s influence in President Donald Trump&#8216;s Department of Government Efficiency has taken physical form at the General Services Administration, where staffers recently discovered unauthorized Starlink satellite transceivers connected to the administrator&#8217;s office.
What Happened: The equipment highlights Musk&#8217;s growing footprint at the obscure yet powerful federal agency that oversees government contracts and real estate worth billions of dollars, <a href="https://apnews.com/article/doge-musk-trump-ai-starlink-gsa-efficiency-d67a41d1be98db11f05ca8e4472f53bd#">reported</a> the Associated Press.
Several Musk associates now hold key positions at GSA, including acting administrator Stephen Ehikian, whose wife previously worked at Musk&#8217;s X Corp. Tesla engineer Thomas Shedd runs the agency&#8217;s technology division, while Nicole Hollander, another Musk lieutenant, leads efforts to sell federal properties.
&#8220;GSA was built for this moment,&#8221; Ehikian told employees in a recorded meeting viewed by AP. &#8220;We literally have an impact on the administration&#8217;s mandate right now, which is around efficiency.&#8221;
SpaceX did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/25/04/44855903/scott-bessent-warns-of-serious-risk-to-anyone-buying-iran-oil-crude-moves-up-us-futures-and-nikkei-post-modest-gains">Scott Bessent Warns Of &#8216;Serious Risk&#8217; To Anyone Buying Iran Oil — Crude Moves Up, US Futures And Nikkei Post Modest Gains</a>
Why It Matters: The agency has already canceled over 680 leases, listed 32 properties worth $185 million, and cut contracts valued at $50 billion, according to internal presentations, cited by AP.
GSA employees reported concerns about the <a href="https://www.benzinga.com/general/space/25/04/44784801/elon-musks-spacex-offers-researchers-up-to-100000-to-hack-into-starlink">unauthorized Starlink equipment</a> to superiors and the agency&#8217;s inspector general, fearing potential security violations. A GSA spokesman confirmed the transceivers&#8217; presence but insisted they weren&#8217;t connected to GSA&#8217;s network.
Critics, including GWU law professor Steven Schooner, note GSA&#8217;s critical position as &#8220;a choke point for all agencies&#8221; that can &#8220;stop all civilian agencies from purchasing, period.&#8221;
The agency has already dismantled its internal consulting team that had been <a href="https://www.benzinga.com/topic/department-of-government-efficiency">working to improve government services</a>, including online tax filing and passport renewal systems.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44856786/bhutan-flexes-hydropower-for-bitcoin-mining-explores-sale-of-green-coins">Bhutan Flexes Hydropower For Bitcoin Mining, Explores Sale Of &#8216;Green&#8217; Coins</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" target="_blank" rel="noreferrer noopener"></a>
Photo courtesy: Shutterstock

Elon Musk's Team Installs Starlink Satellite Equipment At Key Federal Agency: Report

Google, a part of&nbsp;Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), is confronted with a £5 billion ($6.6 billion) class action lawsuit in the U.K. The company is accused of exploiting&nbsp;its dominant market position in&nbsp;the online search industry.
What Happened: The lawsuit was lodged at the Competition Appeal Tribunal earlier this week. The claimants contend that Google&#8217;s practices allowed it to inflate the prices for advertisements displayed in search inquiries, beyond what a competitive market would allow, Reuters reported.
The lawsuit states that Google entered into agreements with phone manufacturers to have Google Search and the Chrome browser pre-installed on Android devices. It also states that Google paid&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to make Google&nbsp;the default search engine on&nbsp;iPhones, in a bid to suppress competition.
The claim, submitted by competition law expert Or Brook on behalf of thousands of businesses, asserts that Google gave its own advertising services an unfair advantage by equipping its search engine with superior functionality and additional features compared to those of its competitors.
Google has dismissed the lawsuit as &#8220;yet another speculative and opportunistic case,&#8221; pledging to &#8220;argue against it vigorously.&#8221; Brook, however, insists that businesses had little option but to use Google ads, labeling Google as a monopoly and emphasizing that securing a spot on Google&#8217;s top pages is crucial for visibility.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44830819/big-short-fame-steve-eisman-says-nvidias-best-days-are-not-behind-it-but-trump-is-the-wild-card-" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Fame Steve Eisman Says Nvidia&#8217;s &#8216;Best Days Are Not Behind It&#8217; But Trump Is The Wild Card In Current Market</a>
Why It Matters: In 2020, a market study conducted by the U.K.'s competition regulator revealed that Google earned 90% of the total revenue in the search advertising market.
This lawsuit follows a&nbsp;report from January 2025, which revealed that Google was under <a href="https://www.benzinga.com/25/01/42983711/google-faces-uk-investigation-over-search-dominance">investigation </a>by UK officials over its search dominance. The Competition and Markets Authority expressed concerns about how Google&#8217;s dominant position in search could impact competition in the UK. 
Notably, the Sundar Pichai-led company is still appealing an antitrust penalty of €4.3 billion ($4.9 billion) fine imposed by the European Union for exploiting the dominance of its Android mobile operating system by requiring smartphone manufacturers to pre-install Chrome and Search alongside its Play app store.
The current lawsuit seems to be a continuation of these concerns, with businesses now taking legal action against the tech giant&#8217;s alleged anti-competitive practices.
Google&#8217;s lawsuit comes at a time when another tech giant, Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), is facing a landmark trial in court by the Federal Trade Commission, which could eventually compel the social media giant to divest its Instagram and WhatsApp platforms.
Benzinga&#8217;s Edge Rankings&nbsp;highlight strong quality and growth rankings for Alphabet in the 87th and 65th percentiles, respectively. Curious how other stocks stack up?&nbsp;<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener">Click here</a>&nbsp;to uncover growth and momentum scores for top stocks.
<ul>
<li>Read Next:&nbsp;<a href="https://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-ge" target="_blank" rel="noreferrer noopener">Peter Schiff: &#8216;China Is Selling Dollars And Treasuries To Buy Euros And Bunds.&#8217; Crashing The Markets Not Part Of A &#8216;Genius Master Plan&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GOOG

GOOGL

Google Faces A Mammoth $6.6 Billion UK Class Action Lawsuit Over Reported Ad Price Inflation, Market Abuse

The CNN Money Fear and Greed index showed a further increase in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday.
U.S. stocks settled lower on Wednesday, with the Dow Jones index falling around 700 points during the session after Federal Reserve Chair Jerome Powell linked rising tariffs to higher inflation and slower growth, while making it clear the central bank has no intention of cushioning market losses.
Semiconductors were particularly hit hard following fresh export restrictions on Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips to China. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) fell sharply on Wednesday, with Nvidia and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both down around 7%.
Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) posted better-than-expected first-quarter results on Wednesday. Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) reported upbeat first-quarter adjusted EPS results.
On the economic data front, U.S. industrial production declined by 0.3% in March compared to market estimates of a 0.2% fall. U.S. retail sales rose 1.4% month-over-month in March versus a 0.2% gain in the previous month and better than estimates of 1.3%.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, information technology, and communication services stocks recording the biggest losses on Wednesday. However, energy stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 700 points to 39,669.39 on Wednesday. The S&amp;P 500 fell 2.24% to 5,275.70, while the Nasdaq Composite dipped 3.07% to 16,307.16 during Wednesday's session.
Investors are awaiting earnings results from Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), and D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 14.4, the index remained in the &#8220;Extreme Fear&#8221; zone on Wednesday, versus a prior reading of 18.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based&nbsp;on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44836567/jim-cramer-nrg-energy-is-very-good-utility">Jim Cramer: NRG Up, Deluxe Out, Nvidia &#8216;You Have To Trim&#8217;</a> </li>
</ul>
Photo via Shutterstock

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Nasdaq Dips 3% Amid Plunge In Nvidia, AMD: Greed Index Remains In 'Extreme Fear' Zone

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook has steered the tech company through a period of significant growth since taking the reins in 2011 after the death of company co-founder Steve Jobs.&nbsp;
Known for his operational expertise and calm demeanor, Cook, 64, has expanded Apple's product line and diversified its revenue stream. He also <a href="https://technologymagazine.com/ai-and-machine-learning/tim-cook-ceo-of-apple-innovation-and-upholding-legacy">emphasizes social responsibility</a>, leading Apple to commit to carbon neutrality across the company by 2030 and acting as an advocate for user privacy and human rights.
Cook left Compaq to join Apple in 1998 as senior vice president of operations, and later chief operating officer, to help Jobs pull the company out of financial difficulties. He improved the tech giant's supply chain and manufacturing process while reducing costs.
Trending: 
<ul>
<li><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.</li>
<li>The average American couple has saved this much money for retirement — <a href="http://www.benzinga.com/money/smartasset">How do you compare</a>?</li>
</ul>
Under Cook's leadership, Apple's core products like the iPhone, iPad and Mac have continued to succeed while he oversees the development and launch of new product categories such as the Apple Watch and AirPods.
An Alabama native, Cook has maintained Apple's position as a global technology leader through pandemic-induced supply chain disruptions and evolving consumer preferences.
Time magazine ranked Cook as one of the world's most influential people in 2021, alongside people like former NFL star Tom Brady and Olympic gold medalist Simone Biles.&nbsp;
<h2 class="wp-block-heading">What is Tim Cook's Net Worth in April 2025? </h2>
Cook's financial success is closely tied to Apple's performance.&nbsp;
His net worth is $2.4 billion, landing him at No. 1,534 on <a href="https://www.forbes.com/real-time-billionaires/#13ddceeb3d78">Forbes' list of the world's wealthiest people</a>. 
A significant portion of his wealth comes from Apple stock awards, which he earns based on the company's performance. Although his base salary is modest compared to his overall compensation, the stock awards significantly increase his earnings.
Although Apple has been wildly successful, few of its employees have become billionaires. When Jobs died in 2011, he was worth about $10.2 billion, but most of his wealth was in Disney stock.&nbsp;
At the time of this death, he owned about 0.24% of Apple, or 38.5 million shares. His widow, Laurene Powell Jobs, owns the stock now and is worth about $14 billion, according to Forbes.&nbsp;
<h2 class="wp-block-heading">How Much Apple Stock Does Tim Cook Own?</h2>
While the exact number of Cook's Apple shares fluctuates with stock grants and sales, his stock holdings in the company are substantial, reflecting his investment in the company's future.&nbsp;
Cook owns more than 3 million shares of Apple —&nbsp;less than a 1% stake — valued at $607.6 million based on the April 14 close of $202.52.&nbsp;
He received $58.1 million in stock awards as part of his 2024 compensation package. 
Related: 
<ul>
<li>It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
</ul>
<h2 class="wp-block-heading">How Much Does Tim Cook Make as Apple's CEO?</h2>
Cook's total compensation package was $74.6 million in 2024, up about 18% from the previous year, according to The Wall Street Journal.&nbsp;
Cook's $3 million base salary has been the same for the past three years. He received $58.1 million in stock awards, $12 million in non-equity incentive plan compensation and $1.5 million in other compensation in 2024.
Apple raised Cook's equity award target to $50 million, up from $40 million, to align his compensation with peer CEO benchmarks.
<h2 class="wp-block-heading">How Does Tim Cook's Net Worth Compare to Other Tech CEOs?</h2>
While his net worth is substantial, Cook is in a different category than the founders of other major tech companies like Jeff Bezos of Amazon.com Inc., whose net worth is $202 billion, and Elon Musk of Tesla Inc. and SpaceX, whose net worth is $398.7 billion.
Cook's net worth is higher than the $1.1 billion accumulated by Google parent company Alphabet Inc. CEO Sundar Pichai, who succeeded Google founders Larry Page and Sergey Brin in 2019.
It's also higher than the $1.4 billion net worth of Microsoft CEO Satya Nadella, who succeeded Steve Balmer as CEO the company's CEO in 2014.&nbsp;
Cook's wealth primarily comes from his stock compensation as Apple's CEO, while Bezos and Musk accumulated their fortunes through founding and owning significant portions of their companies.&nbsp;
But compared to other tech CEOs who were brought in to run established companies, as opposed to founding them, Cook's net worth is generally higher. Apple's $3 trillion market capitalization and the consistent growth it's experienced under Cook's leadership have led to considerable stock awards for the CEO.&nbsp;
<h2 class="wp-block-heading">How Does Tim Cook Spend His Money, and Does He Donate to Charity? </h2>
Cook's real estate portfolio includes a 2,400-square-foot condo in Palo Alto, California, and a 10,000-square foot mansion at The Madison Club in La Quinta, California, a gated community favored by celebrities. He<a href="https://therealdeal.com/la/2021/09/27/buyer-confirmed-finally-tim-cook-paid-10m-for-la-quinta-mansion/"> reportedly paid</a> $10.1 million for the five-bedroom mansion about six years ago. The property includes an outdoor infinity pool and firepit and views of the mountains.&nbsp;&nbsp;
Beyond his property holdings, Cook is a philanthropist. He donated $5 million and $2 million to two undisclosed organizations during the COVID-19 pandemic and contributes to a range of nonprofits, including the American Cancer Society, Doctors Without Borders, PETA and the Humane Society.&nbsp;&nbsp;
According to Fortune, Cook intends to set aside some money to pay for his nephew's college education and <a href="https://www.reuters.com/article/idUSKBN0MM2YM/">donate most of his wealth to charity when he dies</a>.
Read Next
<ul>
<li>Here&#8217;s <a href="https://www.benzinga.com/money/if-you-invested-in-nvidia-in-2022">how much you should have invested in Nvidia in 2022 to become a millionaire today</a>.</li>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

Personal Finance

Tim Cook Net Worth: How Much is Apple's CEO Worth in April 2025?

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has indicated that it may hike vehicle prices amid uncertainty about the Donald Trump administration's tariffs on the auto industry.
What Happened: In a memo sent to dealers across the country on Wednesday, the Michigan-based auto giant said it may raise prices of its vehicles should auto tariffs continue to be in place, according to a Reuters report.
While there could be a potential price hike in Ford products, the customers won't see its reflection in the dealerships until July, according to the report.&nbsp;
"Customers will have a lot of choices, and we have plenty of inventory to choose from through June 2. The tariff situation is dynamic, and we continue to evaluate the potential impact of tariff actions," a Ford spokesperson cited in the report said.
Why It Matters: The company had recently launched its <a href="https://www.benzinga.com/25/04/44641009/ford-launches-from-america-for-america-discount-program-as-tariffs-threaten-vehicle-price-surge">‘From America, For America'</a> discount program, which will run through June 2. 
The program extends discounts on Ford and Lincoln vehicles — usually reserved for company employees — to all U.S.-based consumers. It's worth noting that the program does not include the company's Raptor models, 2025 Expedition and Navigator SUVs, and Super Duty trucks.
Michigan-based auto companies have been bearing the brunt of Trump's auto tariffs, with a recent report suggesting <a href="https://www.benzinga.com/news/25/04/44806252/trump-tariffs-could-put-ford-gm-at-high-risk-of-negative-ratings-report">Ford is at a high risk</a> of a negative rating by ratings agency S&amp;P.
However, in what could be some much-needed relief for auto companies, Donald Trump announced he was willing to explore ways to provide some <a href="https://www.benzinga.com/25/04/44798727/auto-stocks-rise-on-trumps-comments-about-supporting-us-car-companies-whats-going-on">U.S. manufacturers with exemptions</a> to the auto tariffs.
Price Action: Ford is currently trading for $9.41 on the NYSE, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="964" height="141" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17032423/image-1-5.png" alt="" class="wp-image-875912" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17032423/image-1-5.png 964w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17032423/image-1-5-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17032423/image-1-5-768x112.png 768w" sizes="(max-width: 964px) 100vw, 964px" /></a></figure>
Based on <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga's Edge Stock Rankings</a>, Ford scores a solid 78.47% in growth and 90.27% in value, though it lags in momentum. Curious how other automakers stack up? Check out Benzinga Edge for deeper insights.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44756759/new-research-shows-donald-trumps-25-tariffs-could-cost-auto-companies-108billion-report">Trump&#8217;s 25% Tariffs Could Cost Auto Companies $108 Billion: Report</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Trump Tariffs Could Force Ford To Hike Prices Of Its Vehicles In US Days After It Extended Employee Pricing To All Customers

American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/AXP/earnings">opening bell on Thursday, April 17.</a>
Analysts expect the New York-based company to report quarterly earnings at $3.47 per share, up from $3.33 per share in the year-ago period. American Express projects to report quarterly revenue at $16.93 billion, compared to $15.8 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 25, CLEAR extended its partnership with American Express for its second one year renewal term.
American Express shares fell 1.9% to close at $252.92 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/AXP/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>JP Morgan analyst Richard Shane maintained a Neutral rating and cut the price target from $325 to $244 on April 8, 2025. This analyst has an accuracy rate of 67%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Neutral rating and slashed the price target from $320 to $300 on March 24, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Goldman Sachs analyst Ryan Nash maintained a Buy rating and slashed the price target from $367 to $330 on March 18, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Baird analyst David George upgraded the stock from Underperform to Neutral with a price target of $265 on March 14, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Wells Fargo analyst Donald Fandetti maintained an Overweight rating and increased the price target from $355 to $370 on Jan. 31, 2025. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying AXP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="590" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17031550/image-11-1024x590.png" alt="" class="wp-image-875901" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17031550/image-11-1024x590.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17031550/image-11-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17031550/image-11-768x443.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17031550/image-11.png 1096w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44836567/jim-cramer-nrg-energy-is-very-good-utility">Jim Cramer: NRG Up, Deluxe Out, Nvidia &#8216;You Have To Trim&#8217;</a> </li>
</ul>
Photo via Shutterstock

Price Target

Top Wall Street Forecasters Revamp American Express Expectations Ahead Of Q1 Earnings

Rio Tinto And AMG Metals & Materials Signed A Memorandum Of Understanding To Jointly Assess The Feasibility Of Developing An Integrated Low-carbon Aluminium Project Powered By Renewable Energy In India

KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/key/earnings">opening bell on Thursday, April 17</a>.
Analysts expect the Cleveland, Ohio-based company to report quarterly earnings at 32 cents per share, up from 20 cents per share in the year-ago period. KeyCorp projects to report quarterly revenue at $1.75 billion, compared to $1.53 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On March 13, KeyCorp plans purchase up to $1.0 billion of common shares in open market or in privately negotiated transactions.
KeyCorp shares fell 1.3% to close at $14.07 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/KEY/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Baird analyst David George upgraded the stock from Neutral to Outperform with a price target of $18 on April 7, 2025. This analyst has an accuracy rate of 71%.</li>
<li>Wells Fargo analyst Mike Mayo maintained an Overweight rating and slashed the price target from $22 to $20 on March 28, 2025. This analyst has an accuracy rate of 66%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Buy rating and slashed the price target from $20 to $19 on March 24, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Morgan Stanley analyst Manan Gosalia maintained an Equal-Weight rating and cut the price target from $22 to $20 on March 13, 2025. This analyst has an accuracy rate of 74%.</li>
<li>RBC Capital analyst Gerard Cassidy reiterated an Outperform rating with a price target of $18 on Jan. 22, 2025. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying KEY stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="596" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17030453/image-10-1024x596.png" alt="" class="wp-image-875872" style="width:559px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17030453/image-10-1024x596.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17030453/image-10-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17030453/image-10-768x447.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17030453/image-10.png 1088w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44836567/jim-cramer-nrg-energy-is-very-good-utility">Jim Cramer: NRG Up, Deluxe Out, Nvidia &#8216;You Have To Trim&#8217;</a> </li>
</ul>
Photo via Shutterstock

KeyCorp Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Bill Gates says artificial intelligence will soon wipe out chronic shortages of skilled workers like doctors and teachers, eventually forcing societies to rethink the value of time and the concept of &#8216;work hours&#8217;.
What Happened: Speaking on Indian entrepreneur Nikhil Kamath's "People by WTF" podcast, the Microsoft co‑founder predicted that "AI will have changed things enough that just this pure capitalistic framework probably won't explain much" within two decades. 
Robots with dexterous "hands" and large‑language models with "free intelligence," he argued, will make it routine to staff hospitals, classrooms, and factory floors.
"We've always had a shortage — doctors, teachers, people to work in factories… those shortages won't exist," Gates said. "AI will come in and provide medical IQ, and there won't be a shortage."
<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="Bill Gates x Nikhil Kamath Part 2 &#x7C; People by WTF &#x7C; Ep.8" width="500" height="281" src="https://www.youtube.com/embed/YY7J1pHfSyY?list=PLVPkbpccdn996PFFnil1ZETF6RSs7KsLg" 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>
See also: <a href="https://www.benzinga.com/25/04/44856587/former-google-ceo-predicts-that-ais-sprint-toward-super-intelligence-could-put-a-smartest-human-in-every-pocket-by-2031">Former Google CEO Eric Schmidt Predicts AI Sprint Toward Super Intelligence Could Put &#8216;Smartest Human&#8217; In Every Pocket In 6 Years</a>
His forecast stretches well beyond the office cubicle. Advances in vision, robotics, and language processing, he said, will let machines swing hammers on construction sites, scrub hotel rooms, and diagnose illnesses in rural clinics that struggle to attract physicians. With production constraints lifted, Gates expects shorter workweeks and earlier retirements to become feasible, adding, "It's going to require almost a philosophical rethink about, ‘OK, how should time be spent?'" 
Gates acknowledged that a world of abundance is hard to picture for anyone who has "spent almost 70 years in a world of shortage," but he urged economists to start mapping policies for an era when markets no longer ration scarce human labor. "My kids — and certainly my grandkids — a lot of their lives will be in that very changed world," he said.
Why It Matters: Gates' blueprint for doctor‑ and teacher‑level AI is hardly new. Back on The Today Show, he <a href="https://www.benzinga.com/news/24/12/42438799/bill-gates-predicts-ai-in-the-workforce-will-lead-to-so-much-leisure-time-but-itll-create-a-what-do-we-do-with-all-that-time-problem">warned</a> that mass automation could hand humanity so much "leisure time" that society will face a "‘Wow, what do we do with all that time?' problem," even as he celebrated pilot projects that already "enhance education" and streamline MRIs. In an older interview, Gates noted that the real <a href="https://www.benzinga.com/news/24/09/41056506/bill-gates-says-ai-positives-outweigh-concerns-well-be-experiencing-increased-productivity-in-a-lot">near‑term upside</a> of AI is "using it in a positive way, in areas like health and education … we'll be experiencing increased productivity in a lot of areas," repeating the very shortage‑busting logic he later shared with Kamath.
The Microsoft co‑founder <a href="https://www.benzinga.com/personal-finance/25/03/44481583/bill-gates-thinks-you-might-only-work-2-3-days-a-week-thanks-to-ai-but-also-says-legitimately-people-are-like-wow-this-is-a-bit-scary">drove the point home</a> on The Tonight Show in March 2025, asking Jimmy Fallon, "Should we … just work like 2 or 3 days a week?" because AI will render once‑rare skills "commonplace" and, by extension, slash the traditional five‑day grind — a prospect he called "kind of profound" and "a bit scary."
Photo Courtesy: Alexandros Michailidis On Shutterstock.com
Read next: <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china" target="_blank" rel="noreferrer noopener">Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China</a>

Bill Gates Says His Kids And Grandkids Will Live In A 'Very Changed World' As AI Puts An End To Shortage Of Teachers And Doctors

Comments

EAST WEST BANKING CORP by EAST WEST BANKING CORPORATION

Notizie

Ultime notizie per EAST WEST BANKING CORP by EAST WEST BANKING CORPORATION (OTC:EWBKF) Azioni

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO