Fidelity Disruptive Finance ETF (NASDAQ: FDFF)

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Fidelity Disruptive Finance ETF

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The fund investing at least 80 percent of assets in securities of disruptive finance companies. Fidelity's disruptive strategies seek to identify innovative developments that could signal new directions for delivering products and services to customers. Generally, these companies have or are developing new or unconventional ways of doing business that could disrupt and displace incumbents over time. This may include creating, providing, or contributing to new or expanded business models, value networks, pricing, and delivery of products and services.

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Brp Group Inc Class A

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Adyen Nv

Finecobank Spa

Visa Inc., Class A

Apollo Global Management, Inc., Class ''A''

Avidxchange Holdings Inc

Block Inc Class A

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I straordinari del Q4 mostrano una crescita nei ricavi e nell&#39;utile operativo, con impatti positivi per gli investitori.

Utili da record per il quarto trimestre di BlackRock: tutti i dettagli

Luxury home furnishings company, RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>), formerly known as Restoration Hardware, led the market rally on Wednesday, up 29%, after President Donald Trump announced that he would be <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44721874/trumps-tariff-pause-saves-market-from-edge-of-the-cliff-dan-ives-says-biggest-wild-card-still-remains">pausing the tariffs</a> for 90 days across all countries, except China.
What Happened: This comes just days after the stock <a href="https://www.benzinga.com/content/44653331/shares-of-rh-down-nearly-40-where-investors-can-turn-to-now">plunged over 40%</a> following a double whammy of <a href="https://www.benzinga.com/news/earnings/25/04/44616824/rh-q4-earnings-shares-sink-as-revenue-eps-miss-expectations">disappointing fourth-quarter</a> earnings results, and the massive &#8216;Liberation Day&#8217; tariffs affecting most of RH&#8217;s top sourcing and supplier locations.
See More: <a href="https://www.benzinga.com/markets/asia/25/04/44715261/from-bad-to-terrible-treasury-secretary-slams-beijings-retaliatory-tariffs-as-trump-trade-agenda-wipes-trillions">&#8216;From Bad To Terrible&#8217;: Treasury Secretary Slams Beijing&#8217;s Retaliatory Tariffs As Trump Trade Agenda Wipes Trillions</a>
The company missed consensus estimates on revenue and earnings, with CEO Gary Friedman claiming during the call that they were operating in &#8220;the worst housing market in almost 50 years,&#8221; before adding that he also expects a &#8220;higher-risk business environment this year, due to the uncertainty caused by tariffs, market volatility, and inflation risk.&#8221;
Despite the pullback, several analysts <a href="https://benzinga.com/analyst-ratings/analyst-color/25/04/44669626/rh-analyst-bullish-as-company-addresses-3-issues-including-tariff-exposure">reiterated their bullish stance</a> on the stock, such as Cristina Fernández of Telsey Advisory Group, who maintained an &#8216;Outperform&#8217; rating and the price target of $280, claiming that the company &#8220;has the potential to weather tariffs as its higher price points and affluent consumer base give it more pricing power.&#8221;
The bullish consensus, alongside the pausing of the tariffs, led to a rally in the stock, even though it remains down 20% this month, 51% year-to-date, and 73% since its all-time high in 2021.
Why It Matters: According to RH&#8217;s recent 10K filings, just about 23% of its merchandise, valued at $713 million, was sourced from China in 2024. This is down from 40% in 2017, made possible by extensive diversification efforts, in favor of other Asian manufacturing hubs, such as Vietnam, from where it now sources 35% of its products, worth $1.09 billion.
The rest of it comes from a few other Asian countries, such as India and Indonesia, at 14%, followed by 18% from North America and 10% from Europe. This leaves the company significantly less exposed to the tariffs than previously thought.
Price Action: RH was up 28.57% on Wednesday before closing at $192.08 per share, and is down by 1.58% in after-hours trading. 
<figure class="wp-block-image aligncenter size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="141" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10043704/Screenshot-2025-04-10-at-2.03.23-PM-1024x141.png" alt="" class="wp-image-865433" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10043704/Screenshot-2025-04-10-at-2.03.23-PM-1024x141.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10043704/Screenshot-2025-04-10-at-2.03.23-PM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10043704/Screenshot-2025-04-10-at-2.03.23-PM-768x106.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10043704/Screenshot-2025-04-10-at-2.03.23-PM-1536x211.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10043704/Screenshot-2025-04-10-at-2.03.23-PM.png 1598w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
RH&#8217;s scores still don&#8217;t seem all that favorable on Benzinga&#8217;s Edge Rankings, but what about its competitors, Williams Sonoma and Arhaus? Sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a> today.
Read More:
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/44728777/pence-calls-trumps-tariff-moves-misstep-cites-potential-economic-harm-to-working-families">Former Vice President Mike Pence Calls Trump&#8217;s Tariff Moves &#8216;Misstep,&#8217; Cites Potential Economic Harm To Working Families</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Markets

Trump's 90-Day Tariff Pause Sends RH Stock Surging, Reversing Heavy Losses from Earnings Miss, Trade War Fears

Shares of ReShape Lifesciences Inc. (NASDA: RSLS) rose sharply in today's pre-market trading after the company announced a partnership with Motion Informatics to exclusively import and distribute neuromuscular rehabilitation <a href="https://www.benzinga.com/quote/RSLS">devices in the US</a>.
ReShape Lifesciences shares jumped 82.2% to $0.6232 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) rose 111.7% to $5.02 in pre-market trading. On March 4, Wheeler Real Estate IT posted fourth-quarter FFO of $18.48, down from $182.82 in the year-ago period. The company's sales rose to $27.59 million from $26.21 million.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) surged 43.6% to $0.0201 in pre-market trading after dipping 17% on Wednesday.</li>
<li>Riverview Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSB#NASDAQ">RVSB</a>) gained 33.5% to $8.00 in pre-market. On April 2, Riverview Bancorp declared a quarterly cash dividend of 2 cents per share.</li>
<li>Hydrofarm Holdings Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYFM#NASDAQ">HYFM</a>) rose 34.4% to $2.26 in pre-market trading after gaining 5% on Wednesday.</li>
<li>SUNation Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNE#NASDAQ">SUNE</a>) rose 29.9% to $0.0256 in pre-market trading. SUNation Energy strengthened its financial position via recently completed financings and debt reduction</li>
<li>Genfit S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNFT#NASDAQ">GNFT</a>) gained 24.7% to $3.31 in pre-market trading after dipping more than 19% on Wednesday.</li>
<li>LakeShore Biopharma Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSB#NASDAQ">LSB</a>) gained 20.7% to $2.08 in pre-market trading.</li>
<li>Emerald Holding, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EEX#NYSE">EEX</a>) surged 15.8% to $4.30 in pre-market trading after gaining more than 12% on Wednesday.</li>
<li>Enerflex Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFXT#NYSE">EFXT</a>) jumped 13% to $8.00 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Rithm Property Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPT#NYSE">RPT</a>) fell 55.7% to $1.20 in pre-market trading after gaining 12% on Wednesday.</li>
<li>Venus Concept Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) shares tumbled 47.9% to $4.65 in pre-market trading after the company announced a $1.1 million registered direct offering of common stock priced at-the-market under Nasdaq rules.</li>
<li>Damon Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) fell 46.5% to $0.0065 in today's pre-market trading.</li>
<li>Twin Vee Powercats Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares fell 31.7% to $2.80 in pre-market trading. Twin Vee PowerCats recently announced a 1-for-10 reverse stock split.</li>
<li>LifeVantage Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFVN#NASDAQ">LFVN</a>) fell 31.4% to $10.50 in pre-market trading after gaining 10% on Wednesday.</li>
<li>Greenfire Resources Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFR#NYSE">GFR</a>) shares fell 31.1% to $3.50 in pre-market trading.</li>
<li>Upstream Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPB#NASDAQ">UPB</a>) shares dipped 29.6% to $4.60 in pre-market trading after gaining 8% on Wednesday. Upstream Bio, last month, reported worse-than-expected third-quarter sales results.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) fell 28.1% to $3.20 in pre-market trading after jumping 104% on Wednesday.</li>
<li>Metallus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTUS#NYSE">MTUS</a>) dipped 25.3% to $9.50 in pre-market trading after gaining 11% on Wednesday.</li>
<li>Amtech Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) declined 8% to $3.92 in pre-market trading as the company cut its revenue forecast for the second quarter from $21 million-$23 million to $15 million-$16 million.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
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Pre-Market Outlook

Trading Ideas

AEHL

ASYS

EFXT

GNFT

HYFM

LFVN

MTUS

RSLS

RVSB

STSS

SUNE

VEEE

VERO

WHLR

Why ReShape Lifesciences Shares Are Trading Higher By Over 82%; Here Are 20 Stocks Moving Premarket

Fincantieri Ingenium has been created to accelerate digital transformation across the cruise, defense, and port infrastructure sectors. It will play a key role in executing the strategy outlined in Fincantieri Group's Industrial Plan. The goal is to enhance the offering of digital services and systems based on recent advances in technologies such as artificial intelligence by optimizing the entire value chain through data utilization and process transformation.
The joint venture will integrate Accenture's extensive experience in digital platforms, AI, connectivity and IoT, cybersecurity, and service design with Fincantieri's deep technological know-how in the naval and defense industries. This powerful combination will enable the development of new technological capabilities and skills, while also attracting and training new talent.
Among the first strategic initiatives of the new company is the development of Navis Sapiens, a digital ecosystem designed for next-generation ships and the upgrade of existing fleets. The project spans three key dimensions: the creation of a portfolio of application services to optimize operational efficiency and lifecycle management for ships and onshore infrastructure; the development of a digital platform enabling these applications and advanced AI-driven functionalities, with a strong focus on cybersecurity; and a marketplace to facilitate the exchange of solutions—including those from third parties—to deliver high value-added services and enable new business models across the maritime ecosystem. The first ship equipped with Navis Sapiens is expected to enter service by the end of 2025.
In synergy with Navis Sapiens, the joint venture also plans to enhance real-time data exchange and connectivity between ships and onshore ecosystems—including ports and shipyards—through a sea-to-shore interoperability solution to increase cross-functional process efficiency. This project will help improve the competitiveness of Italian ports by optimizing performance across the entire maritime and land-based value chain. All initiatives will be promoted with sustainability as a core pillar. The systems will be designed to reduce environmental impact through data-driven energy optimization, supporting shipowners in reducing fuel consumption. The initiatives already underway, as well as those to come, will generate significant value for Fincantieri, the national maritime ecosystem, and the country as a whole, with a positive impact on a global scale.

Tech

General

Fincantieri And Accenture Have Agreed To Establish Fincantieri Ingenium, A New Joint Venture. The Company Will Be Owned 70% By Fincantieri Nextech—A Subsidiary Of The Fincantieri—And 30% By Accenture

President Donald Trump announced a 90-day pause on most tariff hikes on Wednesday following a significant market rally that strategists attribute to bond market pressure <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">rather than negotiation success</a>.
What Happened: &#8220;He didn&#8217;t just flinch, he ducked,&#8221; political strategist Jessica Tarlov told Fox News, adding that &#8220;there are trillions still lost&#8221; despite the policy reversal.
Spencer Hakimian, founder of Tolou Capital Management, expressed rare agreement with Fox News coverage of the situation, writing on X: &#8220;I don&#8217;t think I have agreed this much in a single day with Fox News in my entire lifetime.&#8221;
The pause came after U.S. markets experienced what Bear Traps Report founder Lawrence McDonald called a &#8220;historically swift destruction of equity capital,&#8221; with <a href="https://www.benzinga.com/markets/bonds/25/04/44679299/trump-tariffs-triggers-historic-equity-wipeout-outpacing-covid-lehman-crashes-with-no-bond-rally-to-cushion-the-blow-says-lawrence-mcdonald">approximately $9 trillion wiped out in just six weeks</a>, rivaling the $9 trillion COVID crash and surpassing the $8 trillion Lehman Brothers collapse aftermath.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"He said he was watching the bond market. He had to cave. He didn't just flinch, he ducked." &#8211; Fox News I don't think I have agreed this much in a single day with Fox News in my entire lifetime. &#x1f91d;&#x1f3fd;&#x1f91d;&#x1f3fd; <a href="https://t.co/CDhZLHfLYs">pic.twitter.com/CDhZLHfLYs</a>
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1910175470550761684?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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Treasury Secretary Scott Bessent, not hawkish advisers Howard Lutnick or Peter Navarro, announced the policy shift on Wednesday, framing it as Trump&#8217;s successful negotiation strategy bringing trading partners to the table.
See Also: <a href="https://www.benzinga.com/markets/25/04/44728777/pence-calls-trumps-tariff-moves-misstep-cites-potential-economic-harm-to-working-families">Former Vice President Mike Pence Calls Trump&#8217;s Tariff Moves &#8216;Misstep,&#8217; Cites Potential Economic Harm To Working Families</a>
Why It Matters: Market experts pointed to a significant bond market rout Tuesday night as the breaking point. The yield on the 10-year Treasury bond spiked to 4.29%, while the 30-year yield at 4.74%.
&#8220;The day the bond market won,&#8221; McDonald wrote on X.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The day the bond market won. <a href="https://t.co/ewp0mUHB2k">https://t.co/ewp0mUHB2k</a>
&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1910027761445483006?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Fox Business Network&#8217;s Charles Gasparino reported that <a href="https://in.benzinga.com/markets/bonds/25/04/44705998/palantir-co-founder-joe-lonsdale-questions-if-china-is-dumping-treasuries-tesla-director-kimbal-musk-says-beijing-playing-fed-chicken-with-trump-ahead-of-65-trillion-refinance-deadline">Japanese investors, not China</a>, were unloading U.S. Treasury bonds &#8220;in huge quantities&#8221; Tuesday night, forcing Trump&#8217;s hand. Unlike previous market downturns, this selloff lacked the traditional &#8220;flight to quality&#8221; bond rally that typically cushions equity losses.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Scoop: Top money managers say it was Japan not China selling last night that upended the bond market and forced Trump's hand into a pause. And yes Trump took the win as so many countries wanted to do deals. Never one thing that causes anything; story developing
&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1910031273717871100?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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The U.S. has $36 trillion in bonds in circulation—much held by foreign investors—used to finance government operations, including Social Security and military spending.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44728524/adam-schiff-and-elizabeth-warren-call-for-investigation-into-possible-insider-trading-by-trump-allies-as-markets-surge-after-90-day-tariff-pause-it-sure-looks-like-corruption">Adam Schiff And Elizabeth Warren Call For Investigation Into Possible Insider Trading By Trump Allies As Markets Surge After 90-Day Tariff Pause: &#8216;It Sure Looks Like Corruption&#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.

Bonds

Trump 'Didn't Just Flinch, He Ducked' On Tariff Pause, Says Strategist Jessica Tarlov: Argues Bond Market Forced His Hand Amid Trillions In Market Losses

Q1 2025 highlights
<ul>
<li>Gold production of 91,893 ounces; compared to 89,678 oz Au in Q1 20242 and 95,993 oz Au in Q4 20243</li>
<li>Gold equivalent production of 103,459 ounces1; compared to 112,543 Au Eq oz (GEOs) in Q1 20242 and 116,358 GEOs in Q4 20243</li>
<li>The Lindero leach pad expansion project was completed in Q1 and delivered to operations on time and within budget at a total cost of $51.8 million. The expansion provides sufficient capacity for an additional 10 years of production.</li>
<li>Repurchased 916,900 common shares at an average price of $4.53 per share for a total of $4,155,539</li>
</ul>
Fortuna reiterates its 2025 annual production guidance range of 334,000 to 373,000 ounces of gold and 0.9 to 1.0 million ounces of silver or between 380,000 and 422,000 GEOs, including lead and zinc by-products

Commodities

Fortuna Mining Reports Production Results For Q1 Of 2025 From Its Four Operating Mines In West Africa And Latin America

Amid several theories on why President Donald Trump paused the tariffs hours after they went into effect, experts have been pushing the bond market turmoil as the major contributor to the decision.
What Happened: After the 10-year Treasury yields rose 34 bps from below 4.0% last week to nearly 4.34% on Wednesday, experts are pegging Trump&#8217;s reaction to pause the tariffs on the spike in yields.
Ed Yardeni from Yardeni Research said, &#8220;Bond vigilantes hit another homerun.&#8221; A bond vigilante is a bond market investor who protests against monetary or fiscal policies considered inflationary by selling bonds, thus increasing yields.
Yardeni resurfaced his 1983 quote after the yield spike and said, &#8220;Bond investors are the economy&#8217;s bond vigilantes. … So if the fiscal and monetary authorities won't regulate the economy, the bond investors will. The economy will be run by vigilantes in the credit markets."
Meanwhile, economist Craig Shapiro said, &#8220;China, just by threatening to sell USTs, basically blew up the bond market and forced the admin to backtrack.&#8221;
However, Trump, in his Truth Social post, said he decided to pause the tariffs based on the negotiation attempts by 75 countries without any retaliation. But Shapiro added in his tweet, &#8220;He didn&#8217;t admit the bond market had anything to do with this. He said he&#8217;s been thinking about it for days. Whatever. It was a flawed rollout.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">He didn&#39;t admit the bond market had anything to do with this. He said he&#39;s been thinking about it for days. Whatever. It was a flawed roll out China, just by threatening to sell USTs, basically blew up the bond market and forced the admin to backtrack. I think folks are…
&mdash; Craig Shapiro (@ces921) <a href="https://twitter.com/ces921/status/1910142119538262219?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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Gary Black, the managing partner, the Future Fund LLC said, &#8220;In the end, Trump's stunning about face on tariffs was driven by chaos in the bond market including soaring 10yr and 30yr treasury yields; the prospect of huge Republican losses in next year's midterm elections; and pressure by Trump's billionaire supporters (Dimon, Ackman) who convinced him his tariff plan could cause a severe recession.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In the end, Trump's stunning about face on tariffs was driven by chaos in the bond market including soaring 10yr and 30yr treasury yields; the prospect of huge Republican losses in next year's midterm elections; and pressure by Trump's billionaire supporters (Dimon, Ackman) who…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1910163509557842166?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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According to Spencer Hakimian, the founder of Tolou Capital Management, a Japanese hedge fund that was 60 times levered to the U.S. 10-year Treasury bond was responsible for the spike in yields, which indirectly influenced the decision for a tariff pause. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Round of applause to the Japanese hedge fund that was 60x levered 10Y UST's that blew up last night to save the world from the Great Depression. We will not forget your sacrifice brother &#x1fae1;
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1910078058503283138?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44728276/spy-qqq-call-volumes-spiked-minutes-before-tariff-pause-announcement-alexandria-ocasio-cor">SPY, QQQ Call Volumes Spiked Minutes Before Tariff Pause Announcement: Alexandria Ocasio-Cortez Demands Disclosure From Congress Members</a>
Why It Matters: President Trump levied reciprocal tariffs on U.S. trading partners last week on Wednesday, which followed a heavy selloff in the market, pushing the Nasdaq into a bear market, whereas the S&amp;P 500 and the Dow Jones were nearing bear territory.
The Trump administration claimed that he was thinking about a tariff pause since Sunday, as Treasury Secretary Scott Bessent told reporter on Wednesday that "He and I had a long talk.&#8221; He added, "This was his strategy all along."
Before announcing the pause in a Truth Social <a href="https://truthsocial.com/@realDonaldTrump/posts/114308272725981913">post</a> around 1:18 p.m. ET, Trump posted the same morning that &#8220;THIS IS A GREAT TIME TO BUY!!! DJT&#8221; Trump transferred his entire stake in Truth Social owner, Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) to a revocable trust ahead of his inauguration.
Price Action: 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, surged on Wednesday. SPY rose by 10.50%, whereas QQQ advanced 12.00%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
After a period of decline, the Nasdaq 100 climbed out of bear market territory, although it remained 13.85% below its prior peak of 22,222.61 points. The S&amp;P 500 was still in a correction, sitting 11.23% lower than its record high of 6,147.43 points, while the Dow Jones was 9.91% down from its 52-week high of 45,073.63 points.
On Thursday, the futures of Dow were down by 0.49%, and the futures of S&amp;P 500 and the Nasdaq 100 index were 0.78% and 1.21% lower, respectively.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44709538/shapiros-treasury-market-dysfunction-warning-hits-home-buying-more-gold-as-fed-put-may-be-on-the-table">Shapiro&#8217;s Treasury &#8216;Market Dysfunction&#8217; Warning Hits Home: &#8216;Buying More Gold&#8217; As Fed Put May Be On The Table</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Futures

Economics

Analyst Ratings

Trump Pauses Tariffs After Yields Surge: 'Bond Vigilantes Hit Another Homerun,' Experts Point To Bond Market Panic For Reversal

<ul>
<li>Although the Company is not updating its financial guidance at this time, embedded in its February 24, 2025 full year guidance was an estimate for its Jack Wolfskin business of approximately Euro 325 million in revenue and Euro 12 million of Adjusted EBITDA.&nbsp;</li>
<li>Given the typical seasonality of the Jack&nbsp;Wolfskin business, this full year estimate is comprised of approximately (a) Euro 115 million in revenue and a loss of Euro 18 million of Adjusted EBITDA for the first half of 2025 and (b) Euro 210 million in revenue and Euro 30 million of Adjusted EBITDA in the second half of 2025.&nbsp;</li>
</ul>

Asset Sales

MODG

Topgolf Callaway Brands Agreed To Sell Its Jack Wolfskin Business To ANTA Sports For $290M In Cash; The Transaction Is Expected To Close In The Late Second Quarter Or Early Third Quarter Of 2025

US President Donald Trump has been on the receiving end of criticism from Michigan auto and business groups as tariffs on <a href="https://www.benzinga.com/markets/equities/25/04/44578839/trumps-25-tariff-on-imported-vehicles-could-shatter-detroits-auto-economy-warns-business-leaders-it-will-hurt-hardworking-americans">automotive imports </a>remain in effect.
What happened: The Trump administration announced a 90-day halt on multiple tariffs imposed on various US trade partners. The tariffs had sent the global stock markets into upheaval, with trillions of dollars being wiped off. The temporary halt has had a positive effect as global stocks surged higher.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: Stocks surge after President Trump announces a 90-day pause on tariffs, except for China, which he raises to 125%. <a href="https://t.co/EoxwIA26y2">https://t.co/EoxwIA26y2</a>
&mdash; The Associated Press (@AP) <a href="https://twitter.com/AP/status/1910023819172921806?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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However, the 25% tariffs on automotive imports remain in effect. "Michigan's signature industry and the supply chains and employees that sustain it will continue to endure the uncertainty and disruption of these fluctuating trade policies." The Detroit Regional Chamber said in an official statement.
The organization also criticized the administration's decision to impose tariffs on aluminum and steel, both of which are key components in producing vehicles.
Why It Matters: The automotive industry operates on a complex supply chain infrastructure and is dependent on imports to produce vehicles.
Michigan's Democratic Governor Gretchen Whitmer called on the administration to rethink its tariff strategy. "You can't just pull out the tariff hammer to swing at every problem without a clear, defined end goal," she said in a statement to the media.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Michigan Governor Whitmer on Tariffs" width="500" height="281" src="https://www.youtube.com/embed/4VZZFKqYTbw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
The Trump administration also said that they were open to ‘company-specific' exemptions for larger US companies affected by the tariffs, &#8220;There are some that have been hard — there are some that, by the nature of the company, get hit a little bit harder, and we&#8217;ll take a look at that,&#8221; Trump said, though the president didn't specify if that would include car manufacturers.
Automotive tariffs have hit manufacturers hard, with Stellantis — the parent company of Chrysler and Jeep — scaling back on production in Canada and Mexico, and temporarily laying off over 900 employees in the US across various manufacturing plants.
Check out more of Benzinga&#8217;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/25/04/44705972/ford-motor-general-motors-to-witness-higher-demand-as-american-automotives-reap-the-fruit-of-protectionism-says-expert-heres-a-list-of-potential-gainers-and-losers">Ford, GM To Witness &#8216;Higher Demand&#8217; As American Carmakers Set To &#8216;Reap The Fruit Of Protectionism,&#8217; Says Expert: Here&#8217;s A List Of Potential Gainers And Losers From Trump Tariffs</a></li>
</ul>
Photo courtesy: Shutterstock

FORD

Michigan Auto Groups Criticize Donald Trump For Not Halting Auto Tariffs, Say Employees And Supply Chain Will Continue To Endure Uncertainty

Canada&#8217;s telecom giant, Bell Canada, is pushing back against subsidies for Elon Musk&#8216;s Starlink, amid a wave of national criticism for Musk&#8217;s ventures due to his ties with the Trump administration.
What Happened: Bell Canada has urged the Canadian Radio-television and Telecommunications Commission (CRTC) to exclude Starlink from receiving millions in annual subsidies, according to a report by the <a href="https://www.ft.com/content/c58b6633-8b64-4b79-b35b-d00f380b5c3a">Financial Times</a>.
Bell Canada and its subsidiary Northwestel, the country&#8217;s top telecom company by revenue, are opposing the CRTC&#8217;s plan to subsidize Starlink. 
"Starlink charges the same price to Canadian customers no matter where they live," Bell Canada told Fortune. "Therefore, if they were eligible for a subsidy, Canadians in the rest of the country would pay more than those in North. This outcome is against the purpose of the proposed subsidy,&#8221; the telecom giant added.
SpaceX, Starlink&#8217;s parent company, counters that Bell&#8217;s actions would restrict options for individuals in remote and isolated communities, including Aboriginal groups. The CRTC has stated that the public consultation on the Internet service subsidy is ongoing and a decision will be announced in due time.
Meanwhile, Geoff White, the executive director of the Public Interest Advocacy Centre (PIAC) told FT, "We should not be giving one cent of public money to an unaccountable imperialist like Elon Musk.&#8221; White has advocated for more accessible and affordable internet services for all Canadians.
SEE ALSO: <a href="https://benzinga.com/news/global/25/04/44725016/us-steel-stock-tumbles-as-trump-says-we-dont-want-to-see-it-go-to-japan" target="_blank" rel="noreferrer noopener">US Steel Stock Tumbles As Trump Says &#8216;We Don&#8217;t Want To See It Go To Japan&#8217;</a>
Why It Matters: This development comes in the wake of a series of setbacks for <a href="https://www.benzinga.com/25/02/43446852/elons-trump-alignment-costs-him-his-canada-starlink-contract">Musk&#8217;s ventures </a>in Canada. In February, Ontario Premier Doug Ford scrapped a nearly $100 million contract with Starlink, citing U.S. tariffs threatening Canadian businesses. FT also reported that ​Quebec, which invested nearly $130 million since May 2022 to provide high-speed internet to remote areas through a partnership with Starlink, will not renew its subsidy program when it expires in June. The provincial government is exploring the development of a Canadian-owned satellite system to achieve &#8220;connectivity sovereignty&#8221; and reduce reliance on foreign providers.
In March, Tesla&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) electric vehicle charging stations and home batteries were <a href="https://www.benzinga.com/markets/25/03/44321211/tesla-charging-stations-cut-from-rebate-program-by-canadian-province-most-people-would-support-their-removal-from-subsidy-list-says-minister">excluded from rebates</a> in the Canadian province of British Columbia due to U.S.-Canada trade tensions. 
The dispute in Canada highlights how Elon Musk's strong association with former U.S. President Donald Trump has made his global business ventures more vulnerable. Currently, about half of Musk's net worth—exceeding $300 billion—is linked to SpaceX, which was recently valued at $350 billion in a private tender offer.
These events have contributed to the nationwide disapproval of Musk&#8217;s ventures and may influence the CRTC&#8217;s decision on Starlink&#8217;s subsidies.
<ul>
<li>READ MORE: <a href="https://benzinga.com/markets/cryptocurrency/25/04/44721390/bitcoin-ethereum-xrp-dogecoin-explode-higher-as-trump-hits-pause-on-reciprocal-tariffs" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Explode Higher As Trump Hits Pause On Reciprocal Tariffs &#8211; Benzinga</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.

TSLA

Canadian Telecom Giant Pushes Back On SpaceX's Starlink Subsidies, Activists Slam Public Funding For 'Unaccountable Imperialist Like Elon Musk'

<h3>Companies Reporting Before The Bell</h3>
• CureVac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) is likely to report quarterly loss at $0.09 per share on revenue of $20.58 million. 
• CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) is projected to report quarterly earnings at $0.66 per share on revenue of $5.96 billion. 
• Byrna Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYRN#NASDAQ">BYRN</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $26.15 million. 
• Bank7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSVN#NASDAQ">BSVN</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $22.86 million. 
• Northern Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTIC#NASDAQ">NTIC</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $20.20 million. 
• Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) is projected to report quarterly earnings at $1.85 per share on revenue of $230.33 million. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BSVN

BYRN

CVAC

LOVE

NTIC

Earnings Scheduled For April 10, 2025

LEDS

SemiLEDs Q2 EPS $0.05 Up From $(0.11) YoY, Sales $10.87M Up From $886.00K YoY

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is all set to begin sales operations in Saudi Arabia as the Elon Musk-led EV giant looks to expand its global presence.
What happened:  According to a post shared by Tesla influencer Sawyer Merritt on X, Tesla has begun selling its cars in Saudi Arabia. In a post shared in late March, Tesla's official Europe and Middle East handle had released a short video teasing the arrival of the company in Saudi Arabia.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Tesla has officially begun selling its cars in Saudi Arabia today. The country plans to scale from 100 to 5,000 charging stations by 2030. <a href="https://t.co/1h6a1P8eVy">pic.twitter.com/1h6a1P8eVy</a>
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1910173967442125191?ref_src=twsrc%5Etfw">April 10, 2025</a></blockquote>
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According to Tesla, the launch event is set to take place on April 10, 2025 Riyadh, and will showcase the company's global lineup of vehicles as well as the Cybercab and Tesla's Optimus line of humanoid robots.
However, Tesla could face some challenges as Saudi Arabia has been slow to adopt EVs and faces hurdles, including a weak charging infrastructure.
Why it matters: Saudi Arabia has ambitious plans for EVs as the Public Investment Fund, the Kingdom's Sovereign Wealth Fund, laid out the target of producing 500,000 battery-powered vehicles by the year 2030. The PIF also owns a stake in US-based EV company Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>).
Tesla's entry into the Kingdom could indicate a shift in relations between Musk and the PIF, which were at the center of the ‘funding secured' debacle and lawsuit as the billionaire claimed the PIF had ‘backpedaled' on its commitment to invest in his company.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Am considering taking Tesla private at $420. Funding secured.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1026872652290379776?ref_src=twsrc%5Etfw">August 7, 2018</a></blockquote>
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US President Donald Trump is all set to make his first foreign visit for his second term in the coming weeks. Trump had called on the Kingdom to invest over $1 trillion into the U.S. economy in a meeting earlier this year.
Musk's close ties with the Trump administration, as well as his position as the head of the Department of Government Efficiency (DOGE), could be key as Tesla aims to bolster its presence in the region.
Price action: Tesla's stock recently experienced a bump in value and is currently trading at $272.20 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/04/44710082/trumps-liberation-day-tariffs-wipe-out-174-billion-from-the-net-worth-of-worlds-top-10-billionaires-including-warren-buffett">Trump&#8217;s Tariff Turmoil Topples Ultra-Rich&#8217;s Wealth — $174B Wiped Out From Fortunes Of World&#8217;s Top 10 Billionaires, Including Elon Musk, Warren Buffett And Mark Zuckerberg</a></li>
</ul>
Photo courtesy: Shutterstock

LCID

Elon Musk's Tesla Starts Selling In Saudi Arabia Amid Declining Sales In Europe: Charging Network, Low Demand Could Be A Concern

Former Vice President Mike Pence shared concerns that President Donald Trump's <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">sweeping tariffs</a> could become a political flashpoint for Republicans in the midterm elections. Pence labelled the policy "a misstep" despite praising other early decisions in Trump's second term.
What Happened: Trump announced a 125% tariff on China and a 10% baseline on other nations, prompting bipartisan alarm. Speaking <a href="https://thehill.com/homenews/administration/5241606-mike-pence-trump-tariffs-concerns/">to</a> The Hill, Pence hailed a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44721874/trumps-tariff-pause-saves-market-from-edge-of-the-cliff-dan-ives-says-biggest-wild-card-still-remains">90-day pause </a>on tariffs for allies but warned that if left as it is, the strategies would amount to "the largest peacetime tax hike in American history."
See Also: <a href="https://www.benzinga.com/25/04/44727235/how-wall-street-and-tech-leaders-reacted-to-trumps-surprise-tariff-stance-reversal">Mark Cuban, Ray Dalio, Bill Ackman And Other Notables Share Their Take On Trump Tariff Pause: &#8216;We Have Not Escaped…&#8217;</a>
Why It Matters: Pence stressed that tariffs are ultimately paid by American companies and consumers. "The hardship they'd place on <a href="https://www.benzinga.com/news/global/25/04/44723751/billionaire-investor-bill-ackman-praises-trumps-tariff-pause-thank-you-on-behalf-of-all-americans">working families</a> and businesses large and small" could damage the GOP, he said, despite supporting tough trade action on China.
Pence's group, Advancing American Freedom, released ads warning the tariffs would harm farmers and consumers. While he remains in agreement with Trump on several issues, Pence's stance was crystal clear: "Tariffs are a cost passed on to American consumers."
Read Next: <a href="https://www.benzinga.com/news/global/25/04/44723751/billionaire-investor-bill-ackman-praises-trumps-tariff-pause-thank-you-on-behalf-of-all-americans">Trump Predicts &#8216;Tremendous, Thundering Landslide&#8217; In 2026 Midterms, Says Tariffs Will Help Republicans Win Big</a>
Image via White House

Politics

Former Vice President Mike Pence Calls Trump's Tariff Moves 'Misstep,' Cites Potential Economic Harm To Working Families

Following President Donald Trump&#8216;s global tariffs, a leading tech analyst has predicted that Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones could see a <a href="https://in.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">significant price hike</a> if manufacturing shifts to the U.S.
What Happened: Dan Ives, the global head of technology research at Wedbush Securities, suggests that iPhones manufactured in the U.S. could cost more than three times their current price, reaching around $3,500. This is due to the necessity to recreate the complex production ecosystem that currently exists in Asia.
&#8220;You build that (supply chain) in the U.S. with a fab in West Virginia and New Jersey. They&#8217;ll be $3,500 iPhones,&#8221; Ives told <a href="https://edition.cnn.com/2025/04/09/tech/apple-iphones-cost-tariffs-impact-intl-hnk/index.html">CNN</a> on Wednesday. He also stated that it would cost Apple roughly $30 billion and three years to move just 10% of its supply chain to the U.S.
Since Trump took office, Apple&#8217;s shares have fallen over 10% due to tariff-related concerns impacting its extensive supply chain, which is heavily dependent on China and Taiwan. Approximately 90% of iPhones are assembled in China.
See Also: <a href="https://benzinga.com/25/04/44644765/tom-lee-predicts-a-market-rebound-after-april-9-as-absurd-tariffs-could-spur-potential-negotiations" target="_blank" rel="noreferrer noopener">Tom Lee Predicts a Market Rebound After April 9 As &#8216;Absurd&#8217; Tariffs Could Spur Potential Negotiations</a>
Despite Apple&#8217;s announcement in February to invest<a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech"> $500 billion</a> in the U.S. over the next four years to expand production outside China and avoid Trump&#8217;s tariffs, tech analysts concur that iPhone prices are likely to increase, even if supply chains remain in their current locations.
Why It Matters: In his latest Truth Social post, 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">lashed out at China,</a> accusing the country of displaying &#8220;a lack of respect&#8221; toward the United States. He announced a sharp escalation in trade tensions, unveiling a 125% tariff on Chinese imports effective immediately. "At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable," he said.
Trump praised the more than 75 countries that, according to him, &#8220;have not, at my strong suggestion, retaliated in any way, shape, or form.&#8221; As a gesture of goodwill, he said these nations would receive a temporary 10% reciprocal tariff and a 90-day freeze on any new duties.
Meanwhile, the potential rise in iPhone prices <a href="https://in.benzinga.com/media/25/04/44679666/apple-customers-flock-to-stores-as-tariffs-threaten-to-drive-iphone-prices-up-by-45-report">has triggered a surge</a> of customers flocking to Apple Stores to buy new devices before the hikes take effect.
Apple also reportedly planned to shift more of its <a href="https://in.benzinga.com/25/04/44677880/apple-reportedly-plans-to-move-more-iphone-production-to-india-amid-trump-tariff-fearscould-this-solve-the-300-price-hike-on-550-hardware">iPhone production to India</a> to mitigate the financial impact of Trump&#8217;s escalating tariffs on Chinese goods, potentially offsetting the projected price increase on its device. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://benzinga.com/article/17109647" target="_blank" rel="noreferrer noopener">MARL 5G Accelerator Announces Fall 2020 Cohort Portfolio Startups </a>
Image via Shutterstock

AAPL

Trump's Tariffs Could Push Apple iPhone Prices To A Staggering $3,500, Says Top Analyst

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/FAST/earnings">opening bell on Friday, April 11.</a>
Analysts expect the Winona, Minnesota-based company to report quarterly earnings at 52 cents per share, compared to 52 cents per share in the year-ago period. Fastenal projects to report quarterly revenue at $1.95 billion, compared to $1.9 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 17, Fastenal reported sales growth of 3.7% year-over-year to $1.825 billion, missing the consensus of $1.844 billion.
Fastenal shares gained 7.4% to close at $76.47 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/fast/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>William Blair analyst Ryan Merkel upgraded the stock from Market Perform to Outperform on March 10, 2025. This analyst has an accuracy rate of 65%.</li>
<li>Jefferies analyst Stephen Volkmann maintained a Hold rating and raised the price target from $74 to $85 on Dec. 6, 2024. This analyst has an accuracy rate of 71%.</li>
<li>UBS analyst Amit Mehrotra assumed a Neutral rating and increased the price target from $71 to $88 on Nov. 13, 2024. This analyst has an accuracy rate of 75%.</li>
<li>Morgan Stanley analyst Chris Snyder maintained an Equal-Weight rating and raised the price target from $72 to $76 on Oct. 14, 2024. This analyst has an accuracy rate of 66%.</li>
<li>Baird analyst David Manthey maintained a Neutral rating and raised the price target from $67 to $80 on Oct. 14, 2024. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying FAST stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="577" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-1024x577.png" alt="" class="wp-image-865291" style="width:589px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-1024x577.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10034522/image-57.png 1121w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a> </li>
</ul>
Photo via Shutterstock

Price Target

FAST

Top Wall Street Forecasters Revamp Fastenal Price Expectations Ahead Of Q1 Earnings

Key Democratic lawmakers are demanding investigations into potential insider trading related to President Donald Trump&#8216;s market communications before he announced a 90-day tariff pause that triggered <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">Wall Street&#8217;s strongest rally since 2008</a>.
What Happened: Rep. Adam Schiff (D-Calif.) and Sen. Elizabeth Warren (D-Mass.) raised concerns Wednesday about a Truth Social post where Trump wrote in all capital letters, &#8220;THIS IS A GREAT TIME TO BUY!!! DJT&#8221; just hours before announcing the tariff pause that sent markets soaring.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">THIS IS A GREAT TIME TO BUY!!! DJT
&mdash; Trump Posts on &#120143; (@trump_repost) <a href="https://twitter.com/trump_repost/status/1909964158939910402?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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&#8220;Is Donald Trump&#8217;s inner circle illegally profiting off of these huge swings in the stock market by insider trading? Congress must find out,&#8221; Schiff wrote on X, questioning who knew about the president&#8217;s plans before the announcement.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is Donald Trump&#39;s inner circle illegally profiting off of these huge swings in the stock market by insider trading? Congress must find out. <a href="https://t.co/ZZGX99PtFE">pic.twitter.com/ZZGX99PtFE</a>
&mdash; Adam Schiff (@SenAdamSchiff) <a href="https://twitter.com/SenAdamSchiff/status/1910115165254590512?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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The Nasdaq climbed nearly 12%, while the S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 9.5% following Trump&#8217;s surprising decision to pause country-by-country tariffs for 90 days. 
Warren called for &#8220;an investigation into whether Trump manipulated the market to benefit his Wall Street donors.&#8221; She added, &#8220;It sure looks like corruption.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m calling for an investigation into whether President Trump manipulated the market to benefit his Wall Street donors—all while working people and small businesses paid the price. Did Trump help insiders cash in on his tariff flip-flopping? It sure looks like corruption. <a href="https://t.co/5QZ1X5YOpz">pic.twitter.com/5QZ1X5YOpz</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1910095958752231621?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/25/04/44728207/trump-says-this-is-a-great-time-to-buy-but-portfolio-managers-give-a-reality-check-permanent-damage-has-been-done">Trump Says &#8216;This Is A Great Time To Buy,&#8217; But Portfolio Managers Give A Reality Check: &#8216;Permanent Damage Has Been Done&#8217;</a>
Why It Matters: Trump Media and Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), in which the president holds a 52.9% stake, closed 21.7% higher Wednesday at $20.27, adding approximately $410 million to Trump&#8217;s net worth before climbing another 5.23% in after-hours trading. The Official Trump (TRUMP) meme coin also gained 7.51%.
Gene Munster of Deepwater Asset Management cautioned investors that &#8220;we&#8217;re not out of the woods yet,&#8221; noting Trump&#8217;s efforts to &#8220;right-size China&#8230; will take time and involve some negative headlines,&#8221; despite Goldman Sachs scrapping its recession forecast following the <a href="https://www.benzinga.com/markets/equities/25/04/44726524/us-futures-edge-higher-nikkei-surges-8-as-trumps-90-day-tariff-pause-triggers-historic-wall-street-rally-gold-gains-slightly">tariff pause announcement</a>.
Trump transferred his entire Trump Media stake to a trust controlled by Donald Trump Jr. before taking office, though he had promised during his campaign not to <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44726952/trump-media-surges-after-hours-following-a-21-rally-makes-potus-richer-by-410-millionofficial-trump-memecoin-also-gains">sell his shares in the company</a>.
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<li><a href="https://www.benzinga.com/markets/equities/25/04/44727511/harley-davidson-boardroom-turmoil-director-resigns-demands-ceo-jochen-zeitz-step-down-over-cultural-depletion-and-brand-decline">Harley-Davidson Boardroom Turmoil: Director Resigns, Demands CEO Jochen Zeitz Step Down Over &#8216;Cultural Depletion&#8217; And Brand Decline</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Adam Schiff And Elizabeth Warren Call For Investigation Into Possible Insider Trading By Trump Allies As Markets Surge After 90-Day Tariff Pause: 'It Sure Looks Like Corruption'

Dave Ramsey advocates a two-pronged approach to tackling the nation's $36 trillion debt: cutting excessive government spending and boosting revenue by lowering taxes to stimulate the economy.
What Happened: Responding to a caller&#8217;s question on tackling the national debt on an episode of &#8216;The Ramsey Show,&#8217; Ramsey says, "It is kind of fun to watch them take a machete to the ridiculous spending," Ramsey observes that even though running a government of any size is &#8220;a different endeavor&#8221; to personal finance, he remarks that "the principle of being debt free still stands." 
Drawing from personal finance's "get an extra job" strategy, he applies it at the federal level. "If you want to get out of debt, one of the things we tell you to do is get an extra job, right?&#8230; Let's increase the income of the United States of America by increasing the revenues produced by the tax system by, oddly enough, lowering the tax rates."
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See also: <a href="https://www.benzinga.com/markets/25/04/44727390/jensen-huang-turned-the-tide-with-mar-a-lago-dinner-trump-administration-reportedly-backs-down-on-h20-chip-china-export-restrictions">Jensen Huang Turned The Tide With Mar-A-Lago Dinner? Trump Administration Reportedly Backs Down On H20 Chip China Export Restrictions</a>
Ramsey refers to the <a href="https://www.benzinga.com/general/education/19/06/13936762/supply-side-economist-arthur-laffer-to-receive-the-presidential-medal-of-freedom">Laffer curve</a>, saying, "Art Laffer has&#8230; the theory of.. as to a certain degree as you lower taxes&#8230; the economy heats up&#8230; because the people that are making money are putting money back into their businesses.. they make yet more money and they pay yet more taxes even though the rate is lower." He also critiques <a href="https://in.benzinga.com/25/02/43839198/reduce-deficits-and-debt-full-stop-says-this-economist-as-trump-mulls-doge-dividend-by-giving-away-20-of-its-savings-to-public">Keynesian economics</a>, remarking, "I'm not a believer&#8230; I'm a free market guy."
On the spending side, Ramsey supports Elon Musk-led <a href="https://www.benzinga.com/topic/department-of-government-efficiency">DOGE&#8217;s</a> aggressive cost-cutting measures: "Cut the snot out of the expenses. So if you could ever get it right side up&#8230; then could you start to pay off the debt? Absolutely, you could."
He also talks about the detrimental impact of government borrowing: "When the government runs debt it sucks the bone marrow out of the economy." Yet he remains optimistic that halting this practice would ignite growth: "The thing could really heat up and the revenues could go through the roof."
Ultimately, Ramsey likens this approach to the radical shift individuals undergo when they decide to eliminate their own debt. "You're going to go do radical stuff to get your life back and get out of debt."
Image via Ramsey Solutions
Read next: <a href="https://www.benzinga.com/25/04/44727594/jack-dorseys-block-is-making-it-easy-for-companies-to-manage-their-bitcoin-treasuryheres-how">Jack Dorsey&#8217;s Block Is Making It Easy For Companies To Manage Their Bitcoin Treasury—Here&#8217;s How</a>

Dave Ramsey Says Putting A Lid On Government Spending Could Spur Quick Recovery, But Wants America To Get An Extra Job

TSMC ((TWSE: 2330, NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) today announced its net revenue for March 2025: On a consolidated basis, revenue for March 2025 was approximately NT$285.96 billion, an increase of 10.0 percent from February 2025 and an increase of 46.5 percent from March 2024. Revenue for January through March 2025 totaled NT$839.25 billion, an increase of 41.6 percent compared to the same period in 2024.

Taiwan Semiconductor Manufacturing Reported March 2025 Revenue Growth Of 46.5% YoY, Q1 Revenue Growth Of 41.6% YoY

Warren Buffett, legendary stock picker and one of the world&#8217;s wealthiest individuals, has refused to include Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in his portfolio, with an aversion so strong that even shorting the asset is a strict no-no.
Interestingly, the &#8220;Oracle of Omaha,&#8221; like a few other detractors, does not view the underlying blockchain technology with the same disdain.
What happened: During an interview with CNBC in February 2019, Buffett dissed Bitcoin, deeming it a "delusion" and an asset that lacks unique value.
Notably, amid the Bitcoin bashing, the Berkshire Hathaway CEO referred to blockchain as &#8220;important.&#8221;
Buffett went on to say that people &#8220;smarter&#8221; than him explained to him that blockchain does not depend on Bitcoin. He cited the example of a <a href="https://www.benzinga.com/markets/cryptocurrency/20/10/18086908/jpmorgan-says-its-cryptocurrency-jpm-coin-is-now-live">dollar-backed stablecoin</a>, JPM Coin, launched by JPMorgan Chase, potentially implying that blockchains could be used to create non-speculative and valuable assets.
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This softer stance was similar to that of JP Morgan CEO Jamie Dimon, who, while holding a negative view about Bitcoin, has time and again <a href="https://in.benzinga.com/markets/cryptocurrency/25/01/42940832/jamie-dimon-says-hes-not-against-blockchains-but-trades-guns-on-bitcoin-again-it-has-no-intrinsic-value-i-just-dont-feel-great-about">recognized the importance of blockchain technology</a>.
It&#8217;s worth noting that since this interview, Buffett hasn&#8217;t said much about blockchains, so a thorough understanding of his views is still needed.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/04/44677895/another-crypto-firm-set-to-go-public-galaxy-digital-foresees-nasdaq-listing-soon-after-sec-approves-delaware-move">Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move</a>
Why It Matters: Buffett earned notoriety in cryptocurrency circles when he described Bitcoin as <a href="https://in.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho">&#8220;probably rat poison squared&#8221;</a> during an interview in 2018.
Months before, at Berkshire Hathaway&#8217;s <a href="https://www.benzinga.com/general/24/03/37513063/warren-buffett-says-he-wouldnt-pay-25-for-all-the-bitcoin-in-the-world-he-considers-crypto-rat-poiso">annual shareholder meeting</a> in 2018, he predicted cryptocurrency would have a &#8220;bad ending&#8221; and said that his company wouldn't even short them.
"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth."
Price Action:  At the time of writing, Bitcoin was exchanging hands at $81,880.34, up 6.29% 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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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Warren Buffett Called Bitcoin A 'Delusion' And Jamie Dimon Isn't A Fan Either, But They Don't Mind The Technology That Lies Beneath

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/MS/earnings">opening bell on Friday, April 11</a>.
Analysts expect the New York-based bank to report quarterly earnings at $2.19 per share, up from $2.02 per share in the year-ago period. Morgan Stanley projects to report quarterly revenue at $16.55 billion, compared to $15.14 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 16, Morgan Stanley posted better-than-expected fourth-quarter results.
Morgan Stanley shares gained 11.4% to close at $111.70 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/MS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>B of A Securities analyst Michael Carrier maintained a Buy rating and cut the price target from $150 to $144 on April 2, 2025. This analyst has an accuracy rate of 80%.</li>
<li>Wells Fargo analyst Whit Mayo maintained an Equal-Weight rating and slashed the price target from $142 to $130 on March 28, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Neutral rating and lowered the price target from $135 to $125 on March 24, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and cut the price target from $144 to $126 on March 19, 2025. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst Brennan Hawken maintained a Neutral rating and raised the price target from $130 to $140 on Jan. 21, 2025. This analyst has an accuracy rate of 69%.</li>
</ul>
Considering buying MS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="585" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-1024x585.png" alt="" class="wp-image-865257" style="width:553px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-1024x585.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/10033115/image-56.png 1106w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/25/04/44710375/top-2-materials-stocks-that-may-fall-off-a-cliff-this-quarter">Top 2 Materials Stocks That May Fall Off A Cliff This Quarter</a> </li>
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