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President Donald Trump has issued a stern warning to Iran. He has stated that any attack on US forces or land would be met with an unprecedented military response.
What Happened: On Sunday Trump clarified that the US had no involvement in Israel&#8217;s recent attack on Iran, amidst ongoing aerial assaults between the two Middle Eastern nations.
Trump&#8217;s message was <a href="https://truthsocial.com/@realDonaldTrump/posts/114685507052179501">posted</a> on Truth Social, where he stated, &#8220;If we are attacked in any way, shape or form by Iran, the full strength and might of the US Armed Forces will come down on you at levels never seen before.&#8221; He also expressed hope for a peaceful resolution between Iran and Israel.
&#8220;We can easily get a deal done between Iran and Israel, and end this bloody conflict!!!,&#8221; he said. 
Meanwhile, Iran retaliated against Israel&#8217;s Operation &#8220;Rising Lion,&#8221; resulting in at least 10 deaths and over 200 injuries. Iran&#8217;s&nbsp;Foreign Affairs Minister Abbas Araghchi&nbsp;called for the US to&nbsp;condemn Israel&#8217;s attacks on its nuclear facilities, stating that Iran was merely defending itself.
Also Read: <a href="https://www.benzinga.com/markets/equities/25/06/45930362/for-investors-the-highest-probability-scenario-from-israel-iran-war-isnt-what-you-think-its-a-tr">For Investors, The Highest-Probability Scenario From Israel-Iran War Isn&#8217;t What You Think &#8211; It&#8217;s A Trump Card</a>
Trump&#8217;s administration had been in talks with Iranian officials before the discussions began to deteriorate in early June. 
A sixth round of meetings was scheduled for Sunday in Oman, but was disrupted by Israel&#8217;s attack. European officials have offered to open talks with Iran&#8217;s nuclear program in an attempt to deescalate the situation.
Why It Matters: This development comes at a time when tensions in the Middle East are escalating. The US, under Trump&#8217;s administration, has been trying to mediate between Iran and Israel, but the recent attack by Israel on Iran has complicated matters. 
The warning issued by Trump is indicative of the US&#8217;s stance on the issue and its commitment to protect its forces and land. 
This could potentially lead to a shift in the dynamics of the Middle East, affecting not only the countries involved but also the global political landscape.
Read Next
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News

Trump Threatens Iran With Unprecedented US Military Action In Case Of Attack: 'If We Are Attacked In Any Way, US Armed Forces Will Come Down On You At Levels Never Seen Before'

Among the top mid-cap stocks that gained last week, most were energy stocks, driven by a spike in oil prices fueled by the Middle East conflict.
<ol class="wp-block-list">
<li>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) stock rose 26.59% after the company was issued a <a href="https://www.benzinga.com//node/45909275">Notice of Intent</a> to Award by the Defense Logistics Agency Energy to provide clean power through its Aurora powerhouse for a U.S. Air Force site. It also raised $400 million via an equity offering, and several analysts increased their <a href="https://www.benzinga.com/quote/OKLO/analyst-ratings">price forecasts on the stock</a>.</li>
<li>Bausch Health Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHC#NYSE">BHC</a>) stock increased 25.63% last week.</li>
<li>Quantum Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) stock climbed 21.75% last week after Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang <a href="https://www.benzinga.com//node/45889749">commented that quantum computers</a> will soon solve real-world problems beyond classical computing, boosting interest in quantum-linked stocks.</li>
<li>Transocean Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) stock gained 20.29% last week due to rising oil prices amid heightened geopolitical tensions in the Middle East.</li>
<li>MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) stock rose 18.87% last week after reports that the Trump administration <a href="https://www.benzinga.com//node/45846703">plans to invoke Cold War-era</a> powers to accelerate rare earth projects.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) stock increased 18.48% last week.</li>
<li>Darling Ingredients Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) gained rose 17.11% last week.</li>
<li>Civitas Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>) stock increased 16.77% last week following energy sector momentum driven by surging oil prices and Middle East instability.</li>
<li>PBF Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBF#NYSE">PBF</a>) stock rose 15.41% last week after energy stocks rallied amid rising crude prices and geopolitical conflict.</li>
<li>CVR Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>) stock gained 14.83% last week after the strength of the oil market lifted energy shares broadly.</li>
</ol>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45940507/oracle-ast-spacemobile-and-halliburton-are-among-top-10-large-cap-gainers-last-week-june-9-13-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Oracle, AST SpaceMobile And Halliburton Are Among Top 10 Large Cap Gainers Last Week (June 9-13): Are The Others In Your Portfolio?</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45940506/applovin-chewy-and-carvana-are-among-top-11-large-cap-losers-last-week-june-9-13-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">AppLovin, Chewy And Carvana Are Among Top 11 Large Cap Losers Last Week (June 9-13): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Mid Cap

Movers

Trading Ideas

CIVI

NVDA

OKLO

QUBT

Oklo, Quantum Computing And Transocean Are Among Top 10 Mid Cap Gainers Last Week (June 9-13): Are The Others In Your Portfolio?

Investor and entrepreneur Kevin O&#8217;Leary, also known as &#8220;Mr. Wonderful&#8221; on &#8220;Shark Tank,&#8221; recently opened up about the cost of building wealth while raising a family.&nbsp;
In a <a href="https://x.com/kevinolearytv/status/1932423755315511796">post on X</a>, O'Leary admitted that while he was constantly working during his children's younger years, he believes his role as a provider was equally important.
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<h2 class="wp-block-heading">Providing Over Presence</h2>
&#8220;I worked nonstop while my kids were growing up. My wife did the heavy lifting at home,&#8221; he wrote. &#8220;But I was a provider, and that matters.&#8221;
<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">I worked nonstop while my kids were growing up. My wife did the heavy lifting at home. But I was a provider, and that matters. If you want your marriage to survive, eliminate financial stress. That's rule #1. <a href="https://t.co/M5QGv4mrex">pic.twitter.com/M5QGv4mrex</a>
&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1932423755315511796?ref_src=twsrc%5Etfw">June 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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In the video, he expanded on this, saying, &#8220;It's always a really tough decision &#8230; <a href="https://www.benzinga.com/startups/24/11/41781866/kevin-oleary-claims-you-have-to-work-25-hours-a-day-for-him-business-is-simple-you-either-make-money">you&#8217;re often not there</a> for your kids while they&#8217;re growing up, because during those formative years, you&#8217;re just working. That was my case. So my wife did a great job in raising my kids, but I was a great provider.&#8221;
O&#8217;Leary emphasized that financial contribution plays a major role in family stability. &#8220;That's key too. I mean, part of the whole financial issue of marriage is you got to provide, you have to take care of your family. That&#8217;s mandate number one.&#8221;
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
He also made it known what he believes is the biggest threat to a marriage. &#8220;If you have financial stress in a marriage, you&#8217;re going to get divorced. It&#8217;s the No. 1 reason people get divorced, not infidelity. It&#8217;s financial stress.&#8221;
When rating himself, O'Leary said, &#8220;I would say when my kids were young, I was probably a six out of 10, but as a provider, I&#8217;m taking 10 out of 10 for that.&#8221;
<h2 class="wp-block-heading">Solving Problems, Not Chasing Money</h2>
In a separate YouTube <a href="https://www.youtube.com/watch?v=gI2F2qu_k88">video</a> from last year, O&#8217;Leary shared his philosophy on building wealth. According to him, the fastest way to make a million dollars is to <a href="https://www.benzinga.com/personal-finance/management/25/06/45861901/the-fastest-way-to-make-a-million-dollars-is-to-make-the-first-10000-says-kevin-oleary-and-it-starts-with-solving-just-1-problem">earn your first $10,000</a>. After that, things become more scalable.
But O'Leary says it's not just about money. &#8220;People get wealthy not by pursuing money out of greed, but by pursuing a passion around a problem-solving exercise. That&#8217;s what business is all about.&#8221;
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
He encourages aspiring entrepreneurs to focus on real needs. &#8220;Think about that. Try and find something that&#8217;s a pain point that you know everybody has and then provide the product or service that solves for that.&#8221;
He says the model works at every scale: &#8220;That&#8217;s how you make a million. That&#8217;s how you make 5 million. That&#8217;s how you make 100 million. That&#8217;s how you make a billion.&#8221;
O'Leary also pointed out that social media is a powerful tool for building a business today, even if the work remains hard.
Read Next:
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<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
Image: Shutterstock

Personal Finance

'I Worked Nonstop While My Kids Were Growing Up,' Says Kevin O'Leary. He Credits His Marriage's Survival To Eliminating Financial Stress

Nine of Iran&#8217;s leading nuclear scientists have been killed in a pre-emptive Israeli airstrike. This incident adds to the series of successful operations by Israel aimed at Iran&#8217;s nuclear experts.
What Happened: Israel launched a large-scale airstrike against Iran, effectively eliminating&nbsp;some of the Islamic Republic's&nbsp;top military and scientific leaders. 
Israel justified its actions by citing Iran&#8217;s&nbsp;rapidly advancing nuclear program and&nbsp;the slow pace of negotiations&nbsp;between Tehran and the US.
Since 2010, Israel&#8217;s intelligence agency, the Mossad, has been associated with the targeted&nbsp;killings of at least four&nbsp;other Iranian scientists. 
The most&nbsp;high-profile of these&nbsp;was the 2020 assassination of&nbsp;Mohsen Fakhrizadeh, a physics professor viewed&nbsp;by Israel and Western officials&nbsp;as the mastermind behind Iran's nuclear weapons program.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/45939689/israeli-airstrikes-damage-irans-nuclear-sites-experts-assess-impact">Israeli Airstrikes Damage Iran&#8217;s Nuclear Sites, Experts Assess Impact</a>
The recent strikes reportedly claimed the lives of&nbsp;at least nine top Iranian&nbsp;nuclear scientists, including&nbsp;Fereidoun Abbasi, a former head&nbsp;of the Atomic Energy Organization&nbsp;of Iran, and&nbsp;Mohammad Mehdi Tehranchi, head of&nbsp;Iran's Islamic Azad University in&nbsp;Tehran.
Israeli Prime Minister Benjamin Netanyahu stated on Friday that his goal was to neutralize&nbsp;any Iranian threat to Israel.&nbsp;Following the strikes, Iran&#8217;s top diplomat declared the scheduled talks with the US about Iran's nuclear program &#8220;meaningless&#8221;.
Why It Matters: The recent Israeli airstrikes mark a significant escalation in the ongoing conflict between Israel and Iran. The targeted elimination of Iran&#8217;s top nuclear scientists could significantly hamper Iran&#8217;s nuclear program. 
This development could also further strain the already tense relations between the two nations and potentially derail the ongoing negotiations between Iran and the US. 
The international community will be closely monitoring the fallout from these strikes and its impact on regional stability.
Read Next
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Image: Shutterstock/Barks

Israeli Strikes Kill 9 Iranian Scientists, Continuing Mossad's Decade-Long Targeting of Nuclear Program

Following <a href="https://www.benzinga.com/markets/25/06/45911791/boeing-dreamliner-carrying-over-200-passengers-crashes-shortly-after-takeoff-near-indias-ahmedabad-b">Thursday's fatal plane crash</a> in the Indian city of Ahmedabad, when a Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 787 Dreamliner aircraft, operated by Air India with 242 passengers onboard, crashed moments after takeoff, the aircraft manufacturer's troubled past has once again come to the surface.
Multiple Incidents, Three Whistleblowers And Prosecution Avoided
Serious questions about the company's safety and quality practices have been raised in the past following incidents with the 787 Dreamliner's Lithium-ion batteries, as well as three separate whistleblowers coming out to express serious concerns about the aircraft's manufacturing.
Amid the challenges, the company recently<a href="https://www.benzinga.com/news/legal/25/05/45481977/boeing-may-reportedly-once-again-dodge-prosecution-over-737-max-crashes-victims-families-slam-dojs-potential-agreement-as-backroom-deal-dressed-up-as-a-legal-proceeding"> avoided prosecution </a>by agreeing to pay over $1.1 billion in a deal over two fatal air crashes in 2018 and 2019 that led to the deaths of over 346 people. The decision has angered the victims' families.&nbsp;
The non-prosecution agreement involves the aircraft company investing $455 million in compliance and safety programs, as well as compensating the victims' families with over $444.5 million.
The trial was originally set to begin on June 23, but Boeing struck a deal that involved pleading guilty to misleading the FAA. The company had previously also avoided prosecution in 2021 when it was deferred after Boeing paid over $2.5 billion.
Jeju Air disaster, Faulty Bathroom Latches
In two separate incidents, a Boeing 737-800 aircraft operated by South Korea's <a href="https://www.benzinga.com/markets/equities/24/12/42716905/boeing-in-spotlight-after-fatal-737-800-crash-in-south-korea-stock-declined-28-amid-deepening-2024-challenges">Jeju Air crashed</a>. The crash led to over 179 lives lost from the 181 passengers onboard the aircraft, while the Alaska Air Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) <a href="https://www.benzinga.com/markets/equities/24/01/36523143/im-going-to-die-passengers-experience-15-minute-nightmare-during-alaska-airs-harrowing-emergency">Flight 1282 </a>experienced a sudden loss of cabin pressure, forcing an emergency landing, as well as resulting in over 65 737 MAX 9 aircraft being grounded.
However, the woes didn't stop there as the FAA also proposed an airworthiness report after a passenger was stuck in a lavatory of a Boeing aircraft mid-flight due to <a href="https://www.benzinga.com/25/04/44811150/faulty-bathroom-latches-could-cost-boeing-34-million-following-faa-directive">a faulty bathroom latch</a>. The repairs could reportedly cost Boeing $3.4 million and affect thousands of aircraft in its fleet.
Despite such issues, the FAA has recently allowed Boeing to continue <a href="https://www.benzinga.com/news/travel/25/05/45692905/faa-extends-program-allowing-boeing-to-conduct-inspections-on-agencys-behalf">inspections and approve repairs</a> on the agency's behalf.
Space ambitions proving difficult to realize
In addition to being a key figure in the aircraft manufacturing sector, Boeing is also a major player in the space exploration industry. The company's flagship rocket, the Starliner, was touted to be Boeing's answer to Elon Musk's SpaceX. However, fast forward to today, the Starliner has had its share of issues.
A <a href="https://www.benzinga.com/news/space/25/06/45827130/nasa-delays-boeing-starliner-flight-to-2026-amid-ongoing-technical-challenges">failed test in 2024</a> left two astronauts stranded aboard the International Space Station for over 9 months and the vehicle is yet to be certified for human transport. Besides this, the company's progress in its development is slower than anticipated, much to the dismay of<a href="https://www.benzinga.com/news/25/06/45855902/why-jeff-bezos-might-emerge-as-the-biggest-winner-in-the-trump-musk-feud"> NASA and Pentagon officials</a>.
Aftermath Of The fatal Ahmedabad crash
Following the disaster, Boeing CEO Kelly Otberg said that "a Boeing team stands ready to support the investigation led by India's Aircraft Accident Investigation Bureau."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A statement from Boeing President and CEO Kelly Ortberg on Air India Flight 171. Full statement: <a href="https://t.co/CtZuIKoa4T">https://t.co/CtZuIKoa4T</a> <a href="https://t.co/9OEkC8RURx">pic.twitter.com/9OEkC8RURx</a>
&mdash; Boeing Airplanes (@BoeingAirplanes) <a href="https://twitter.com/BoeingAirplanes/status/1933214452922372384?ref_src=twsrc%5Etfw">June 12, 2025</a></blockquote>
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The Indian authorities are <a href="https://www.benzinga.com/markets/equities/25/06/45919464/boeing-faces-fresh-turmoil-as-india-mulls-787-8-grounding-after-fatal-crash-ceo-kelly-cancels-pa">mulling grounding </a>the 787 Dreamliner in the country and conducting a safety review. Air India owns 32 aircraft in the country. Boeing stock has fallen over 7% since the crash.
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:
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<li><a href="https://www.benzinga.com/news/travel/25/06/45915389/india-crash-survivor-emerges-from-wreckage-has-no-idea-how-he-survived">India Crash Survivor Emerges From Wreckage, Has &#8216;No Idea How He Survived&#8217;</a></li>
</ul>
Photo courtesy: JHVEPhoto / Shutterstock.com

Equities

Boeing's Troubled 2000s: From A Sweetheart $1.1B Deal Before Deadly Air India Crash To Stranding Astronauts At ISS And Airline Crashes

A tech employee recently discovered a jaw-dropping pay gap between them and a colleague with the same title and similar experience. While they earn $60,000 a year, their coworker, &#8220;John,&#8221; makes $115,000. The two work at a large tech company, and the disparity sparked a flood of advice and opinion on <a href="https://www.reddit.com/r/Salary/comments/1l6vjfc/discovered_a_huge_pay_gap_what_now/">Reddit</a>.
<h2 class="wp-block-heading">A Merger, A Staffing Agency And Two Very Different Paychecks</h2>
The original poster explained that they lead two teams—including one that the poster built from scratch—while John is just a member of one. They have been at the company for two years; John has been there for three. The key difference is that John came from a startup that was <a href="https://www.benzinga.com/tech/25/05/45602719/openais-acquisition-of-jony-ives-startup-poses-threat-to-apples-dominance">acquired by the tech giant</a>, keeping his original salary intact. The poster, on the other hand, was hired post-merger through a staffing agency.
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</ul>
&#8220;He was hired as part of a startup that was bought by this tech company,&#8221; OP wrote. &#8220;As such, his higher pay carried over after the merge. I was hired after the merge through a staffing agency.&#8221;
OP later updated the post to add: &#8220;I found out today that the company is trying very hard to find a reason to get rid of John, which is at least partially because he makes so much. Maybe our pay difference was for the best lol!&#8221;
This revelation added a surprising twist to the situation. While OP may be underpaid, John&#8217;s inflated salary appears to have made him a target. Many companies are always looking for <a href="https://www.benzinga.com/markets/large-cap/25/06/45748544/walmart-leverages-automation-and-ai-to-cut-costs-and-grow-paving-the-way-for-other-retailers-report">ways to cut costs</a>. If they think someone is overpaid and replaceable, some start building a case to get rid of them.
What started as a frustrating realization for OP might ultimately end in job loss for John. The title of &#8220;highest-paid peer&#8221; can sometimes come with a bullseye.
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Get An Offer, Be Ready To Leave</h2>
Commenters were quick to point out a harsh truth: negotiating power is everything.
&#8220;Apply to another job and get an offer. Use that offer to negotiate higher pay at your current job. Then—maybe—take the new job, it might be time to move in a new direction,&#8221; one commenter advised. Another added, &#8220;There is no maybe. Take the new job.&#8221;
Many echoed the same idea: internal raises tend to be small, and significant jumps usually <a href="https://www.benzinga.com/personal-finance/management/25/06/45793441/vincent-chan-reveals-the-top-financial-mistake-people-make-64-of-job-hoppers-say-switching-jobs-actually-leveled-up-their-career-faster">come by switching employers</a>.
Others cautioned that bringing up John&#8217;s name directly in negotiations would be a mistake. &#8220;Try to negotiate a raise and don&#8217;t bring John up in any way, shape or form,&#8221; someone warned. &#8220;You now know how high the ceiling is and they don&#8217;t know that you know. Use that to your advantage.&#8221;
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>
<h2 class="wp-block-heading">More Than Merit</h2>
Many highlighted how hiring timing and <a href="https://www.benzinga.com/markets/tech/25/06/45851993/mr-wonderful-kevin-oleary-says-he-was-once-told-by-a-ceo-to-shut-up-and-that-leveled-up-his-negotiation-skills-fellow-shark-mark-cuban-also-fle">negotiation skills</a> play a bigger role than job performance. John kept a premium salary due to his previous startup role, while OP started at the lower end because of agency involvement and timing.
&#8220;60k in tech is low, and that has nothing to do with the &#8216;pay gap,&#8217; it&#8217;s just low, period,&#8221; one compensation expert wrote. &#8220;You should be looking and interviewing, and the same would be true if you didn&#8217;t have a better-paid colleague.&#8221;
Some speculated that John's days may be numbered. &#8220;If they had someone that they thought was capable of doing John&#8217;s job for $60k, they would fire John today and hire that person,&#8221; a person foreshadowed what could happen before the post was updated.
The overwhelming consensus is not to count on your company to fix pay discrepancies. Use market research, get external offers, and be willing to leave.
&#8220;You&#8217;re only as valuable as someone is willing to pay you,&#8221; one person summarized.
Read Next:
<ul class="wp-block-list">
<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>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">with $1,000 you can invest at just $0.30/share!</a></li>
</ul>
Image: Shutterstock

Same Role, Same Experience—One Tech Worker Found Out Colleague Made Nearly Double The Money. It Could End Up Badly For One Of Them

Several customers&#8217; critical information has been compromised, leading to data breach alerts issued by&nbsp;JPMorgan Chase&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>),&nbsp;Bank of America&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and&nbsp;TD Bank&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TD#NYSE">TD</a>).
What Happened: According to <a href="https://www.mass.gov/doc/data-breach-report-2025/download">filings</a> with the Massachusetts state government, the banks disclosed data breaches that have put customers&#8217;&nbsp;accounts and personal information at&nbsp;risk. 
Chase revealed that&nbsp;at least four customers in&nbsp;the state were affected by multiple breaches.
Chase employees, in two incidents, improperly accessed customers&#8217;&nbsp;credit and debit card information, which led to fraudulent transactions. The bank responded by closing the affected cards, issuing replacements, and reimbursing the customers.
Similarly, The Bank of America <a href="https://www.mass.gov/doc/2025-961-bank-of-america/download">reported</a> that documentation related to at least one customer&#8217;s&nbsp;savings bonds was lost in&nbsp;transit on February 14th. Despite attempts to recover the documentation, the North Carolina-based lender has been unsuccessful.
Also Read: <a href="https://www.benzinga.com/news/24/12/42716153/massive-data-breach-exposes-millions-of-credit-and-debit-cards-is-your-account-safe">Massive Data Breach Exposes Millions of Credit and Debit Cards—Is Your Account Safe?</a>
TD Bank <a href="https://www.mass.gov/doc/2025-966-td-bank/download">disclosed</a> that&nbsp;a former employee improperly accessed&nbsp;a customer&#8217;s personal information between December 2024 and January 2025. 
The bank is now&nbsp;monitoring the account for fraud&nbsp;and has offered&nbsp;the customer a complimentary two-year membership to an identity&nbsp;theft protection and recovery service.
Why It Matters: This series of data breaches underscores the ongoing challenges that banks face in protecting customer information. 
Despite stringent security measures, the incidents highlight potential vulnerabilities in the banking sector&#8217;s information security systems. 
The breaches also raise questions about the effectiveness of current protocols in preventing unauthorized access by employees and the need for enhanced measures to ensure the safe transit of sensitive customer documentation.
Read Next
<a href="https://www.benzinga.com/news/24/10/41305389/major-banks-suffer-data-breaches-how-safe-is-your-information" target="_blank" rel="noreferrer noopener">Major Banks Suffer Data Breaches: How Safe Is Your Information?</a>
Image: Shutterstock/Mdisk

Tech

JPMorgan, Bank of America, and TD Bank Warn of Data Breaches Impacting Customer Information, Is Your Account Safe?

The weekend was a whirlwind of events in the business world. From a tragic plane crash to concerns about the International Space Station, the news was filled with significant developments. Here&#8217;s a recap of the top stories:
Boeing&#8217;s Tragedy Strikes Again Tragedy struck when a Boeing 787 Dreamliner, operated by Air India, crashed in Ahmedabad, claiming 241 lives. The incident has once again brought safety and quality control issues of Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) into the spotlight. This comes after Elon Musk&#8217;s previous comments about Boeing having &#8220;too many non-technical managers.&#8221;
<a href="https://www.benzinga.com/news/travel/25/06/45926295/elon-musk-once-said-boeing-had-too-many-non-technical-managers-whistleblower-flagged-flawed-787-dreamliner-manufacturing-all-the-warnings-before-air-india-plane-went-down-with-242-lives">Read the full article here.</a>
Musk&#8217;s Alarm Over ISS SpaceX CEO Elon Musk expressed his concerns about the safety of the International Space Station (ISS). Musk stated that some of the ISS&#8217;s components are getting &#8220;too old&#8221; and pose an increasing amount of risk. Despite SpaceX&#8217;s significant earnings from ISS missions, Musk suggested it should be de-orbited &#8216;within 2 years&#8217;.
<a href="https://www.benzinga.com/news/space/25/06/45923417/elon-musk-sounds-alarm-over-international-space-station-says-it-should-be-de-orbited-within-2-years">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/25/05/45475999/if-you-invested-1000-in-tesla-stock-when-elon-musk-endorsed-donald-trump-for-president-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Tesla Stock When Elon Musk Endorsed Donald Trump For President, Here&#8217;s How Much You&#8217;d Have Today &#8211; Benzinga</a>
Trump&#8217;s Auto Tariffs President Donald Trump hinted at a possible hike in auto tariffs to boost domestic production. &#8220;The higher you go, the more likely it is they build a plant here," Trump said during a press event at the White House.
<a href="https://www.benzinga.com/markets/tech/25/06/45919154/trump-says-he-may-hike-auto-tariffs-again-to-boost-domestic-production-the-higher-you-go-they-build-a-plant-here">Read the full article here.</a>
Airbus&#8217; 2025 Delivery Goals Despite supply chain issues causing delays, Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSF#OTC">EADSF</a>) CEO Christian Scherer expressed confidence in reaching the company&#8217;s 2025 delivery target. Airbus is aiming for 820 aircraft deliveries in 2025.
<a href="https://www.benzinga.com/markets/equities/25/06/45900237/boeing-rival-airbus-says-it-can-hit-2025-delivery-goals-amid-delays-caused-by-supply-chain-constraints">Read the full article here.</a>
Trump-Musk Reconciliation? President Trump hinted at a possible reconciliation with Tesla CEO Elon Musk after their public falling out earlier this month. &#8220;I guess I could, but we have to straighten out the country,&#8221; Trump said on a podcast with the New York Post.
<a href="https://www.benzinga.com/news/politics/25/06/45897986/trump-hints-at-possible-reconciliation-with-elon-musk-but-admits-feeling-disappointed-i-have-no-hard-feelings">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/news/space/25/06/45923417/elon-musk-sounds-alarm-over-international-space-station-says-it-should-be-de-orbited-within-2-years" target="_blank" rel="noreferrer noopener">Elon Musk Sounds Alarm Over International Space Station, Says It Should Be De-Orbited &#8216;Within 2 Years&#8217;</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo Courtesy: Frederic Legrand &#8211; COMEO On Shutterstock.com

EADSF

Musk's ISS Concerns, Auto Tariffs, Boeing Dreamliner Crash And Trump-Musk Reconciliation: This Week In Mobility

Billionaire investor&nbsp;Ray Dalio&nbsp;has shed light on his perspective on meme stock trading. Dalio emphasized the importance of market pricing, a factor he believes is often overlooked by investors. 
What Happened: In a post on X, Dalio observed that investors tend to get swept up in the latest meme stock trend, which he warns is likely to lose its appeal over time. 
Instead of focusing on the performance of a company, investors often neglect the importance of market pricing, leading to potential market errors.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">These memes typically are due to a mix of extrapolating what happened before and emotional considerations. Also, most investors typically don&#39;t take into consideration market pricing. In other words, they tend to identify what has been a great investment (e.g., a strongly… <a href="https://t.co/2K35dDEUHs">pic.twitter.com/2K35dDEUHs</a>
&mdash; Ray Dalio (@RayDalio) <a href="https://twitter.com/RayDalio/status/1932889555553956216?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
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&#8220;Most&nbsp;investors typically don't take into&nbsp;consideration market pricing&#8230;&nbsp;they don't pay enough attention&nbsp;to its pricing, even though&nbsp;its pricing (whether it is&nbsp;cheap or expensive) is the&nbsp;most important thing,&#8221; Dalio explained.
Also Read: <a href="https://www.benzinga.com/markets/25/03/44550983/ray-dalios-timeless-stock-market-advice-dont-try-to-time-the-market-yourself-because-youll-probably-lose">Ray Dalio&#8217;s Timeless Stock Market Advice: &#8216;Don&#8217;t Try to Time the Market Yourself Because You&#8217;ll Probably Lose&#8217;</a>
This advice from Dalio comes following his recent cautionary statements about the US economy. He has been urging the government to slash its budget deficit from 7% to 3% of GDP, proposing a three-pronged strategy involving tax revenue, spending cuts, and interest rates.
&#8220;At this time, it is typical for almost everyone to be looking to make money by buying assets that they believe will go up (rather betting on them going down), and they quite often use leverage,&#8221; he further added in the post. 
Why It Matters: Dalio&#8217;s insights on meme stock trading and the importance of market pricing come at a time when meme stocks have been making headlines. 
His advice serves as a reminder to investors to not lose sight of fundamental investment principles amidst the hype of trending stocks. 
His recent warnings about the US economy also underscore the need for fiscal responsibility and sound economic strategies.
Read Next
<a href="https://www.benzinga.com/news/25/02/43901059/ray-dalios-holy-grail-investment-strategy-why-10-15-diversified-investments-could-make-you-a-fortune" target="_blank" rel="noreferrer noopener">Ray Dalio's ‘Holy Grail' Investment Strategy: Why 10-15 Diversified Investments Could Make You a Fortune</a>
Shutterstock/mundissima

Ray Dalio Shares His Meme Stock Trading Strategy: 'Most Investors Don't Take Into Consideration Market Pricing, They Don't Pay Enough Attention To Its Pricing'

Angel investor Naval Ravikant says Elon Musk quit talking to Bill Gates because "money is just a tool" for the Tesla chief, and anyone betting against his mission to decarbonize transport violates his code.
What Happened: In a conversation with cartoonist Scott Adams back in November 2024, Ravikant recounted a 2022 exchange in which Musk confronted Gates over a reported major short position in Tesla stock.
When Gates defended the wager as sound financial advice, Musk replied, &#8220;What do you care about making money? … I thought you were into electric cars,&#8221; then walked away &#8220;in disgust,&#8221; Ravikant said.
&#8220;Elon's a purist. He means what he says,&#8221; he added. &#8220;The money is a tool for him to get what he's trying to do.&#8221; According to a Business Insider <a href="https://www.businessinsider.com/elon-musk-turned-down-bill-gates-philanthropy-over-tesla-short-2022-4">report</a>, leaked texts later confirmed Musk rejected a climate-philanthropy meeting with Gates for the same reason. Musk called the short &#8220;categorically insane&#8221; and predicted Gates would be "<a href="https://www.benzinga.com/personal-finance/25/03/44434228/elon-musk-said-bill-gates-would-be-obliterated-for-shorting-tesla-but-short-sellers-just-made-16-2-billion-in-3-months-betting-against-him">obliterated</a>" once Tesla's self-driving cars and Optimus robots scale.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Conversation with Naval Ravikant <a href="https://t.co/zjw2o5pQYg">https://t.co/zjw2o5pQYg</a>
&mdash; Scott Adams (@ScottAdamsSays) <a href="https://twitter.com/ScottAdamsSays/status/1854705653748772898?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote>
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See also: <a href="https://www.benzinga.com/markets/tech/25/06/45921026/chinese-antitrust-regulator-delays-35-billion-us-chip-merger-amid-trade-tensions-report">Chinese Antitrust Regulator Delays $35 Billion US Chip Merger Amid Trade Tensions: Report</a>
Ravikant argued the incident shows Musk's ambitions stretch far beyond quarterly earnings. &#8220;He wants to get humanity to the stars … I think he means to get there within a defined window of time,&#8221; he said, insisting the goal is concrete, not aspirational. Ravikant contrasted Musk with executives who trumpet bold visions they never plan to fulfill. &#8220;You kind of know they don't really mean it,&#8221; he said. &#8220;Elon, I take at face value.&#8221;
&#8220;Elon doesn't want to go down as the electric-car guy. He wants to be the man who got humanity to the stars… and he'll do whatever it takes,&#8221; remarked Ravikant.
Why It Matters: Bill Gates says Elon Musk has "been nice to me at times, and mean to me at times,&#8221; a description that fits their <a href="https://www.benzinga.com/news/25/05/45484920/more-than-a-feud-elon-musk-bill-gates-spat-sheds-light-on-competing-views-of-efficiency">decade-long feud</a>. Gates still praises Musk's engineering triumphs, saying Tesla "forced the car industry to do great EVs&#8221; and SpaceX redefined rocketry, yet he <a href="https://www.benzinga.com/25/02/43880898/im-in-awe-bill-gates-says-elon-musk-is-brilliant-rich-and-influential-but-admits-hes-been-mean-to-me-at-times">remains baffled</a> by Silicon Valley billionaires' recent tilt toward President Donald Trump. The Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder says he is willing to work with Musk, but whether Musk sets aside past barbs is an open question.
More recently, Musk <a href="https://www.benzinga.com/news/politics/25/06/45800612/trump-says-musk-has-trump-derangement-syndrome-as-battle-over-bill-heats-up-had-a-great-relationship-dont-know-if-we-will-anymore">sparred publicly</a> with Trump, blasting his "big, beautiful bill" as a letdown for the DOGE team and accusing the administration of <a href="https://www.benzinga.com/news/politics/25/06/45828121/elon-musks-bombshell-about-donald-trump-in-epstein-docs-heres-the-truth-behind-the-claim">withholding</a> Jeffrey Epstein–related documents. Trump, in turn, threatened to terminate federal contracts and subsidies awarded to Musk&#8217;s companies. The feud appears to have <a href="https://www.benzinga.com/news/politics/25/06/45897986/trump-hints-at-possible-reconciliation-with-elon-musk-but-admits-feeling-disappointed-i-have-no-hard-feelings">cooled off</a> this week.
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/45920502/elon-musks-tesla-files-lawsuit-alleging-ex-employee-stole-humanoid-tech-to-launch-rival">Elon Musk&#8217;s Tesla Files Lawsuit Alleging Ex-Employee Stole Humanoid Tech To Launch Rival</a>

MSFT

Naval Ravikant Says Elon Musk's A 'Purist' Recalling Why He Likely Never Speaks To Bill Gates

As the demand for drones in the U.S. military increases, the market is becoming increasingly congested. Numerous companies and startups are competing for&nbsp;the same investments and military&nbsp;dollars, leading to an oversaturated market.
What Happened: The&nbsp;small uncrewed aerial vehicle market&nbsp;has seen a significant increase in competition in recent years. Companies are not only developing drones but also&nbsp;software programs and modular payloads.
The&nbsp;Department of Defense&nbsp;has traditionally relied on&nbsp;large drones like the MQ-9&nbsp;Reaper&nbsp;for reconnaissance and combat strike&nbsp;missions. 
However, recent conflicts in Ukraine and the Middle East have underscored the importance of low-cost, first-person-view (FPV) drones in modern warfare.
According to a report <a href="https://www.businessinsider.com/too-many-companies-want-sell-small-aerial-drones-us-military-2025-6">by</a> Insider, this increased interest has stimulated the drone market, leading to&nbsp;new research and development pathways. However, the market is becoming&nbsp;oversaturated with drone makers producing&nbsp;similar products. 
Also Read: <a href="https://www.benzinga.com/news/24/10/41652195/us-drone-maker-slams-china-sanctions-calls-it-an-attempt-to-eliminate-the-leading-american-drone-com">US Drone Maker Slams China Sanctions, Calls It &#8216;An Attempt To Eliminate The Leading American Drone Company&#8217;</a>
As a result, companies are&nbsp;trying to distinguish themselves in&nbsp;terms of capability and adaptability to countermeasures like electronic warfare.
Not all companies rushing into this space will&nbsp;be competitive in the long&nbsp;run. Some may fail to create a quality product, while others may struggle&nbsp;to scale up production to&nbsp;meet military demand. 
The current situation is likened to the early automobile industry, where only the strong survived.
Why It Matters: Despite the growing interest, investors remain cautious about investing in an industry that has historically not been very profitable for small drones. 
The question remains&nbsp;whether the Defense Department will&nbsp;purchase&nbsp;enough small drones to make&nbsp;these business ventures&nbsp;profitable in the near term.
Read Next
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Image: Shutterstock/Barillo_Images

Markets

US Military Drone Market Faces Overcrowding Amid High Demand

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>Insmed Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>) stock jumped 34.11% last week after announcing <a href="https://www.benzinga.com//node/45856129">positive topline results</a> from a Phase 2b study on treprostinil palmitil inhalation powder, which met all primary and secondary endpoints. Multiple firms also raised their <a href="https://www.benzinga.com/quote/insm/analyst-ratings">price forecasts on the stock</a>.</li>
<li>Circle Star Energy Corp.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock jumped 24.01% last week following continued market strength <a href="https://www.benzinga.com//node/45874849">following its IPO launch</a>.</li>
<li>Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) stock jumped 23.68% last week after the company reported better-than-expected <a href="https://www.benzinga.com//node/45893773">Q4 financials</a> and issued upbeat guidance. Several analysts raised <a href="https://www.benzinga.com/quote/ORCL/analyst-ratings">their price forecasts</a>.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock jumped 23.02% last week after the company announced a settlement enabling access to 45 MHz of spectrum in North America and that it is set to join the Russell 1000 Index on June 27.</li>
<li>SailPoint Technologies Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NYSE">SAIL</a>) stock jumped 18.56% last week after the company posted strong <a href="https://www.benzinga.com//node/45882090">first-quarter EPS</a>, issued bullish second-quarter and fiscal year 2026 guidance, and received <a href="https://www.benzinga.com/quote/SAIL/analyst-ratings">multiple analyst upgrades</a>.</li>
<li>Vonage Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VG#NASDAQ">VG</a>) stock jumped 15.90% last week after UBS downgraded it to Neutral but raised its <a href="https://www.benzinga.com/quote/VG/analyst-ratings">price forecast to $18</a>.</li>
<li>Telefonica Servicios Moviles S.A. ADS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) stock jumped 14.84% last week after Cathie Wood's ARK Invest <a href="https://www.benzinga.com//node/45831272">purchased large quantities of stock</a> in its (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#NYSE">ARKG</a>) and (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) ETFs.</li>
<li>Casey's General Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) stock jumped 13.99% last week on <a href="https://www.benzinga.com//node/45849848">strong Q4 results</a> and a dividend hike, <a href="https://www.benzinga.com/quote/CASY/analyst-ratings">prompting analyst upgrades</a>.</li>
<li>Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) stock jumped 13.17% last week as energy sector stocks rallied on Middle East tensions that spiked oil prices.</li>
<li>Halliburton Company's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) stock jumped 13.01% last week, fueled by rising oil prices and geopolitical conflict in the Middle East.</li>
</ol>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45940506/applovin-chewy-and-carvana-are-among-top-11-large-cap-losers-last-week-june-9-13-are-the-others-in-your-portfolio">AppLovin, Chewy And Carvana Are Among Top 11 Large Cap Losers Last Week (June 9-13): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Sundry Photography via Shutterstock

Large Cap

ARKG

ARKK

ASTS

CASY

CRCL

EQNR

INSM

ORCL

SAIL

Oracle, AST SpaceMobile And Halliburton Are Among Top 10 Large Cap Gainers Last Week (June 9-13): Are The Others In Your Portfolio?

These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) stock fell 13.67% last week after reporting mixed <a href="https://www.benzinga.com//node/45862389" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a> and issuing fiscal year 2026 EPS guidance below expectations. Multiple analysts also <a href="https://www.benzinga.com/quote/SJM/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered their price forecasts</a>.</li>
<li>Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock fell 13.57% last week after the company issued a lower-than-expected <a href="https://www.benzinga.com//node/45885618" target="_blank" rel="noreferrer noopener">fiscal year 2025 sales outlook</a> despite strong first-quarter earnings. Analysts responded by revising <a href="https://www.benzinga.com/quote/CHWY/analyst-ratings" target="_blank" rel="noreferrer noopener">their forecasts downward</a>.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) stock declined 13.06% after reporting its <a href="https://www.benzinga.com//node/45803479" target="_blank" rel="noreferrer noopener">first-quarter financial results</a>.</li>
<li>United Therapeutics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTHR#NASDAQ">UTHR</a>) stock dropped 13.03% last week. The stock reacted negatively to positive trial results from rival Insmed. BofA Securities also <a href="https://www.benzinga.com/quote/UTHR/analyst-ratings" target="_blank" rel="noreferrer noopener">lowered its price forecast</a> to $315 while maintaining a Neutral rating.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) stock plunged 13.01% last week following bearish options activity and a <a href="https://www.benzinga.com//node/45932268" target="_blank" rel="noreferrer noopener">notable insider sale</a>.</li>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock sank 12.78% last week. The decline followed a <a href="https://www.benzinga.com//node/45910389" target="_blank" rel="noreferrer noopener">short report</a> issued by Culper Research.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) stock lost 12.15% last week. Rising fuel prices after Israel's strikes on Iran pressured airline stocks, and a recent Air India crash may have also weighed on sector sentiment.</li>
<li>Grab Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) stock fell 11.61% last week.</li>
<li>Edison International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) stock fell 10.12% after Wolfe Research <a href="https://www.benzinga.com/quote/EIX/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded the stock</a> from Outperform to Peer Perform.</li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) stock fell 9.86% last week. The company <a href="https://www.benzinga.com//node/45899298" target="_blank" rel="noreferrer noopener">continued its decline</a> after its first-quarter earnings, as several analysts downgraded the stock and <a href="https://www.benzinga.com/quote/LULU/analyst-ratings" target="_blank" rel="noreferrer noopener">revised their price forecast</a>.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares fell 9.72% last week after Goldman Sachs <a href="https://www.benzinga.com/quote/MBLY/analyst-ratings" target="_blank" rel="noreferrer noopener">downgraded its rating</a> on the stock from Buy to Neutral.</li>
</ol>
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/45940507/oracle-ast-spacemobile-and-halliburton-are-among-top-10-large-cap-gainers-last-week-june-9-13-are-the-others-in-your-portfolio">Oracle, AST SpaceMobile And Halliburton Are Among Top 10 Large Cap Gainers Last Week (June 9-13): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

CHWY

CVNA

GRAB

LULU

MBLY

UTHR

AppLovin, Chewy And Carvana Are Among Top 11 Large Cap Losers Last Week (June 9-13): Are The Others In Your Portfolio?

This week was a rollercoaster ride in the tech world, with significant developments from industry giants Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). From strategic investments and leadership changes to financial strategy revisions and potential acquisitions, the tech titans have been busy. Let&#8217;s dive into the details.
Meta&#8217;s $29 Billion AI Investment
Meta has strategically invested in Scale AI, pushing the company&#8217;s valuation to over $29 billion. This move is part of a broader partnership aimed at accelerating AI development. Scale AI&#8217;s founder and CEO, Alexandr Wang, will join Meta to support its internal AI initiatives while continuing to serve on Scale&#8217;s board.
<a href="https://www.benzinga.com/markets/tech/25/06/45919069/meta-invests-in-scale-ai-at-29-billion-valuation-taps-ceo-alexandr-wang-to-drive-internal-ai-push-as-part-of-deepening-partnership">Read the full article here.</a>
Nvidia&#8217;s China Conundrum
Nvidia has revised its financial strategy following a $2.5 billion revenue shortfall in Q1 2025, attributed to U.S. export controls blocking AI chip sales to China. CEO Jensen Huang stated that the company would no longer include China in its revenue or profit forecasts due to the ongoing U.S. export restrictions.
<a href="https://www.benzinga.com/markets/equities/25/06/45918580/nvidia-drops-china-from-guidance-after-2-5-billion-q1-revenue-hit-ceo-jensen-huang-says-hes-not-counting-on-us-lifting-export-controls-but-if-it-happens-it-will-be-a-great-bonus">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/pressreleases/25/06/g45937091/in-ncla-amicus-win-supreme-court-revives-innocent-familys-suit-over-fbis-wrong-house-raid" target="_blank" rel="noreferrer noopener">In NCLA Amicus Win, Supreme Court Revives Innocent Family&#8217;s Suit over FBI&#8217;s Wrong-House Raid &#8211; Benzinga</a>
Nvidia CEO Disagrees With AI Job Wipeout Predictions
In a rebuttal to Anthropic CEO Dario Amodei&#8217;s warnings about AI wiping out entry-level white-collar jobs, Nvidia CEO Jensen Huang expressed his disagreement, stating that open development would create new work rather than trigger a wipeout.
<a href="https://www.benzinga.com/markets/tech/25/06/45905624/nvidia-ceo-jensen-huang-claps-back-at-anthropics-dario-amodei-says-i-pretty-much-disagree-with-almost-everything-he-said-about-ai-wiping-out-jobs">Read the full article here.</a>
Apple&#8217;s Potential AI Acquisition
Following Apple&#8217;s WWDC 2025, Dan Ives of Wedbush Securities suggested that Apple might need to pursue a merger or acquisition with an AI platform like Perplexity to remain competitive in AI and meet growing consumer demands. This move would be similar to Apple&#8217;s 2014 acquisition of Beats.
<a href="https://www.benzinga.com/markets/equities/25/06/45899111/apple-may-end-up-acquiring-perplexity-like-it-did-with-beats-in-2014-says-dan-ives-consumers-need-reasons-to-upgrade-as-iphone-maker-falls-way-behind-in-ai-race">Read the full article here.</a>
Wikipedia Pauses AI Experiment
Wikipedia has halted its AI-generated summaries experiment following backlash from its editor community, who argued that the feature would harm the platform&#8217;s credibility. The Wikimedia Foundation had planned to test AI-generated summaries on Wikipedia articles to make content more accessible.
<a href="https://www.benzinga.com/markets/tech/25/06/45897696/wikipedia-halts-ai-summaries-after-editors-warn-of-irreversible-harm-say-no-need-to-one-up-with-google">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/economic-data/25/06/45919422/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-h" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;One Big, Beautiful Bill&#8217; Is &#8216;The Largest Redistribution From Poor To Rich In American History,&#8217; Says Economist Justin Wolfers Amid Tax Cuts, Spending Slashes And Tariffs</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

AAPL

Meta's AI Push, Nvidia's China Woes, And Apple's AI Race: This Week In AI

A mother recently called into &#8220;<a href="https://www.youtube.com/watch?v=RuxNMVds32E">The Ramsey Show</a>&#8221; to get advice about her 22-year-old son, and Dave Ramsey did not hold back.
Her son, who is graduating debt-free from college this month thanks to the &#8220;sacrifice&#8221; of his parents, racked up a $700 urgent care bill after ignoring his parents' advice to use the on-campus clinic. The parents paid $500 of the bill and asked him to pay the remaining $200 to <a href="https://www.benzinga.com/money/how-to-save-money-as-a-teenager">teach him some financial responsibility</a>. But the son flat-out refused.
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">with $1,000 you can invest at just $0.30/share!</a></li>
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<h2 class="wp-block-heading">Ramsey Warns Against Entitlement</h2>
The caller explained that her son planned to move back home for the summer while completing an internship. "No way. There's consequences to being a butt," Ramsey said. "He doesn&#8217;t get to live there rent-free if he doesn&#8217;t pay a bill because it&#8217;s your responsibility when it&#8217;s not."
The mom said her son believes the parents should cover the entire bill since he's still on their health plan. But Ramsey and his co-host Ken Coleman weren't having it.
"You&#8217;re not going to move in here until you pay that bill," Ramsey continued. "I&#8217;ll let you live here rent-free to get a good start, not for being an entitled brat."
Coleman got especially fired up when the mom mentioned that she was planning to play the clip of the call to her son. Talking directly to him, he said, "Dude, you need a reality check. You ought to be apologizing to your parents and groveling all over yourself in gratitude for all they&#8217;ve done for you," he said. "You went to a place that I told you not to. You&#8217;ve got a $700 problem. It&#8217;s not Mom and I&#8217;s problem."&nbsp;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
&#8220;If you&#8217;re big enough to get yourself in this mess, you&#8217;re big enough to get yourself [out],&#8221; Ramsey added.
<h2 class="wp-block-heading">Gratitude Starts Young</h2>
Ramsey then pivoted to a <a href="https://www.benzinga.com/personal-finance/25/05/45496493/dave-ramsey-shares-four-money-lessons-every-child-should-learn-money-comes-from-work-not-from-other-people">broader message</a>: Gratitude and humility must be taught early. "Everything when you&#8217;re parenting is a muscle that must be built," he said. "Gratitude leads to and helps you as it grows inside a child. A grateful child becomes a humble child."
He explained that these traits, once deeply rooted, shape adults who understand the value of personal responsibility, appreciate the support they&#8217;ve been given, and recognize that respect and opportunity must be earned, not expected or demanded. Such individuals are more likely to approach challenges with humility, make thoughtful financial choices, and avoid placing undue expectations on others.
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<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>
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Image: Shutterstock

Dave Ramsey Tells The Caller, 'Bump Him On The Head, Girl,' Warns Against Letting A 22-Year-Old Son Move In Without Paying What He Owes

The past week has been a rollercoaster ride for the crypto industry, with Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) making headlines, the SEC appointing a crypto insider, and the Coinbase CEO predicting the end of the fiat era. Here&#8217;s a recap of the top stories:
Coinbase&#8217;s S&amp;P 500 Debut: Coinbase made history in May by becoming the first cryptocurrency exchange to be included in the S&amp;P 500 index. This significant milestone signals a growing acceptance of the crypto industry in mainstream markets and positions Coinbase among America&#8217;s largest and most influential companies.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45932447/coinbase-sp-500-debut-new-products-offset-pressure">Read the full article here.</a>
SEC&#8217;s Crypto-Savvy Leadership: The U.S. Securities and Exchange Commission (SEC) announced Jamie Selway as its new Director of the Division of Trading and Markets. Selway, a recognized figure in market structure and digital assets, will assume his new position on June 17, 2025. This move signals a significant shift towards engaging crypto-savvy leadership at the regulatory helm.
<a href="https://www.benzinga.com/news/politics/25/06/45932185/sec-crypto-jamie-selway-head-division-trading-markets">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/45925124/ripple-ceo-projects-xrp-could-handle-14-of-swifts-cross-border-payment-volume-within-five-years" target="_blank" rel="noreferrer noopener">Ripple CEO Projects XRP Could Handle 14% Of SWIFT&#8217;s Cross-Border Payment Volume Within Five Years &#8211; Benzinga</a>
End of Fiat Era: Coinbase CEO Brian Armstrong predicted that Bitcoin may emerge as the world&#8217;s new reserve currency. He cited mounting global deficits and rising economic uncertainty as catalysts for a shift away from fiat systems.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45926431/people-will-flee-to-bitcoin-coinbase-ceo-sees-end-of-fiat-era-coming">Read the full article here.</a>
Warren&#8217;s Warning to Zuckerberg: Senators Elizabeth Warren and Richard Blumenthal raised concerns over Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg&#8217;s potential stablecoin revival plans, citing them as a &#8220;national security threat&#8221;.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45923283/elizabeth-warren-slams-mark-zuckerberg-over-reported-stablecoin-ambitions-citing-national-security-threat-meta-says-no-such-plans">Read the full article here.</a>
Crypto Credit Card: Coinbase CEO Brian Armstrong unveiled a cryptocurrency credit card that offers cashback rewards in Bitcoin. The card, powered by American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), offers users up to 4% in Bitcoin rewards for every purchase.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45919626/coinbase-ceo-brian-armstrong-teases-crypto-credit-card-powered-by-american-express-bitcoin-cashbacks-offered-but-heres-the-catch">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

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

Cryptocurrency

COIN

Coinbase's S&P 500 Debut, SEC's Crypto-Savvy Leadership And More: This Week In Crypto

The tech world was abuzz this past week with a flurry of news from Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). The company made headlines with significant supply chain shifts, a focus on product reliability, and a slew of new features announced at its annual Worldwide Developers Conference (WWDC). Here&#8217;s a recap of the top stories that kept Apple in the limelight.
Apple&#8217;s Supply Chain Pivot Amid Tariff Threats
In response to escalating tariffs on China-made goods, Apple has reportedly redirected a significant portion of its iPhone exports from India to the U.S. Between March and May, 97% of iPhones exported by Foxconn, also known as Hon Hai Precision Industry Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHAF#OTC">HNHAF</a>), from India were sent to the U.S., a sharp increase from the 2024 average of just over 50%. This move signals a major supply chain realignment in the wake of President Donald Trump&#8217;s push for protectionist trade measures.
<a href="https://www.benzinga.com/markets/tech/25/06/45919887/apple-reroutes-97-of-foxconn-iphone-exports-from-india-to-us-between-march-and-may-as-trump-threatens-25-tariff-on-non-us-made-iphones-report">Read the full article here.</a>
Apple Executives Prioritize Reliability Over Deadlines
Apple executives addressed the delay of the promised Siri upgrade, stating that the company prioritized reliability over meeting the initial deadline. The upgraded Siri, revealed at last year&#8217;s WWDC, was expected to have context awareness and the ability to take actions within apps.
<a href="https://www.benzinga.com/markets/tech/25/06/45876850/apple-executives-say-reliability-took-priority-over-deadline-amid-siri-delay-it-wouldve-been-more-disappointing-to-ship-something-that-didnt-hit-our-quality-standard">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45919887/apple-reroutes-97-of-foxconn-iphone-exports-from-india-to-us-between-march-and-may-as-trump-threaten" target="_blank" rel="noreferrer noopener">Apple Reroutes 97% Of Foxconn iPhone Exports From India To US Between March And May As Trump Threatens 25% Tariff On Non-US-Made iPhones: Report</a>
Apple Announces Major Design Overhaul at WWDC 2025
At its annual developer conference, Apple announced a major design overhaul and new Apple Intelligence features with iOS 26, macOS Tahoe 26, and more. The company unveiled Liquid Glass, its new material design, and revealed significant updates to its applications, CarPlay, and more.
<a href="https://www.benzinga.com/markets/tech/25/06/45844424/apple-wwdc-2025-ios-26-announced-with-liquid-glass-design-new-apple-intelligence-features-and-more">Read the full article here.</a>
Apple Criticized for Dismissing AI Revolution
Pierre Ferragu, an analyst at New Street Research, took Apple to task for its approach to the AI revolution. Ferragu criticized Apple&#8217;s research paper on Large Reasoning Models (LRMs), stating, &#8220;Apple has its head in the sand. Instead of embracing the revolution, they deny its very existence.&#8221;
<a href="https://www.benzinga.com/markets/tech/25/06/45830549/pierre-ferragu-takes-apple-to-task-for-dismissing-the-ai-revolution-has-its-head-in-the-sand">Read the full article here.</a>
New Apple Intelligence Features Unveiled at WWDC 2025
At the WWDC 2025 keynote, Apple announced a range of new Apple Intelligence features. From granting third-party developers access to powerful on-device models to launching real-time translations and expanding visual AI tools, Apple has positioned itself as a major contender in the AI race, while keeping privacy at the forefront.
<a href="https://www.benzinga.com/markets/tech/25/06/45846510/apple-wwdc-2025-from-live-translation-to-genmoji-visual-ai-and-chatgpt-integration-here-are-the-new-apple-intelligence-features">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/pressreleases/23/06/ab32978332/writer-blogger-and-entrepreneur-stanislav-kondrashov-discusses-comfort-to-growth-in-his-latest-mo" target="_blank" rel="noreferrer noopener">Writer, Blogger, and Entrepreneur Stanislav Kondrashov Discusses Comfort to Growth in His Latest Motivational Piece &#8211; Benzinga</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesteohart / Shutterstock.com

HNHAF

Apple's Supply Chain Realignments, AI Features At WWDC 2025 And More: This Week In Appleverse

As we wrap up another eventful week, let&#8217;s take a look at the top stories that made headlines. From Mark Cuban endorsing a progressive deficit reduction plan to the World Economic Forum&#8217;s sobering gender equality forecast, there&#8217;s a lot to unpack. We also saw President Trump green-lighting a major steel merger and Elon Musk predicting a future without jobs. Here&#8217;s a quick rundown of these stories.
Mark Cuban Backs Ro Khanna&#8217;s Deficit Reduction Plan
Billionaire entrepreneur Mark Cuban has shown support for Rep. Ro Khanna&#8217;s (D-Calif.) &#8220;Progressive Deficit Reduction Plan.&#8221; The plan aims to cut the U.S. deficit by $12 trillion over the next decade, with a significant portion of the cuts coming from spending reductions. The plan was unveiled on June 10, 2025, and seeks to lower the deficit-to-GDP ratio to 3% by 2034, a figure well below the historical average of 3.8%.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45900891/mark-cuban-backs-ro-khannas-12-trillion-progressive-deficit-reduction-plan-targeting-medicare-fraud-and-military-spending">Read the full article here.</a>
Gender Equality 123 Years Away, Says World Economic Forum
The World Economic Forum&#8217;s 2025 Global Gender Gap Index indicates that achieving global gender parity is still a distant goal. The report shows that only 68.8% of the gender gap has been closed across 148 economies, a mere 0.3 percentage point improvement from last year. At the current rate, it will take 123 years to reach full gender equality.
<a href="https://www.benzinga.com/news/topics/25/06/45922274/world-economic-forum-says-gender-equality-is-123-years-away-un-projects-7-trillion-boost-to-global-economy-if-gap-closes">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/economic-data/25/06/45919422/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-says-economist-justin-wolfers-amid-tax-cuts-spending-s" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;One Big, Beautiful Bill&#8217; Is &#8216;The Largest Redistribution From Poor To Rich In American History,&#8217; Says Economist Justin Wolfers Amid Tax Cuts, Spending Slashes And Tariffs &#8211; Benzinga</a>
Trump Approves Nippon Steel&#8217;s Acquisition of US Steel
President Donald Trump has approved Nippon Steel&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) $14.9 billion bid for U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>). The approval comes after an 18-month process marked by union resistance and dual national security assessments. The merger is contingent upon an agreement with the Treasury Department to address national security concerns.
<a href="https://www.benzinga.com/markets/equities/25/06/45938248/trump-approves-nippon-steels-14-9-billion-bid-for-us-steel">Read the full article here.</a>
Trump&#8217;s Tax Plan Could Threaten Rural Healthcare
Health advocates and rural hospitals warn that President Trump&#8217;s proposed tax cuts and spending bill could jeopardize critical medical services in small towns across the country. The legislation, which seeks to extend the 2017 tax cuts, could result in a significant reduction in Medicaid funding and impose stricter requirements for recipients.
<a href="https://www.benzinga.com/news/health-care/25/06/45930856/trumps-tax-plan-could-leave-millions-uninsured-hit-rural-america-hard">Read the full article here.</a>
Elon Musk Predicts A Future Without Jobs
Elon Musk, at the Viva Technology Conference in Paris, predicted a future where artificial intelligence could eliminate the need for most human jobs. He gave an 80% probability that AI advances will lead to a situation where humans will not need to work and will have all they need.
<a href="https://www.benzinga.com/personal-finance/management/25/06/45930142/there-will-be-universal-high-income-elon-musk-predicts-with-80-certainty-that-none-of-us-will-have-jobs-but-bill-gates-says-its-too-soon">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45922984/trump-numbskull-fed-powell-inflation-interest-rates-israel-iran-oil" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;Numbskull&#8217; Insult Comes Back To Bite—In Record Time</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

Economics

NPSCY

Mark Cuban Backs Ro Khanna's Fiscal Plan, Gender Equality Forecasts, And Musk's Jobless Future Prediction: This Week In Economics

As the week wraps up, the political landscape has been buzzing with noteworthy stories. From President Donald Trump&#8217;s ongoing feud with Federal Reserve Chief Jerome Powell to the unprecedented involvement of U.S. Marines in civilian detainment in Los Angeles, the week has been anything but quiet. Adding to the mix, big tech companies are reportedly funding Trump&#8217;s military parade, while his approval ratings hit a second-term low. Lastly, the much-anticipated &#8216;Trump Card&#8217; visa program has started accepting applications. Let&#8217;s dive into the details.
Trump&#8217;s War Of Words With Jerome Powell Continues
President Trump has once again voiced his dissatisfaction with Federal Reserve Chief Jerome Powell&#8217;s stance on rates, blaming him for increased U.S. debt costs. Trump referred to Powell as &#8220;one numbskull&#8221; and expressed his frustration over Powell&#8217;s refusal to lower rates. Despite the criticism, Trump stated he has no plans to fire Powell.
<a href="https://www.benzinga.com/news/politics/25/06/45913481/trump-rips-jerome-powell-over-rates-but-supreme-court-shields-fed-from-firing">Read the full article here.</a>
Unprecedented Military Involvement In Civilian Detainment
In a first-of-its-kind incident, U.S. Marines detained a civilian in Los Angeles amidst ongoing immigration protests. The incident, which took place at the Wilshire Federal Building, marks the first known instance of active-duty troops, deployed by President Trump, detaining a civilian in the city.
<a href="https://www.benzinga.com/news/politics/25/06/45938132/us-marines-detain-civilian-in-los-angeles-amid-immigration-protests-first-known-incident-of-its-kind-report">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/06/45922410/trump-extends-50-steel-tariffs-to-home-appliances-like-fridges-dishwashers-starting-june-23" target="_blank" rel="noreferrer noopener">Trump Extends 50% Steel Tariffs To Home Appliances Like Fridges, Dishwashers Starting June 23</a>
Big Tech Companies Funding Trump&#8217;s Military Parade
President Trump&#8217;s upcoming military parade, set to celebrate the 250th anniversary of the U.S. Army, may be receiving financial support from big tech companies. This event, coinciding with Trump&#8217;s birthday, comes a year before the planned semiquincentennial celebration of the signing of the Declaration of Independence.
<a href="https://www.benzinga.com/news/politics/25/06/45934225/big-tech-companies-helped-fund-trumps-inauguration-now-they-could-be-funding-his-military-birthday-parade">Read the full article here.</a>
Trump&#8217;s Approval Rating Hits Second-Term Low
A recent poll from Quinnipiac University reveals a significant drop in President Trump&#8217;s approval rating, with only 38% of respondents expressing approval of his performance. This marks the lowest point of his second term, with a sustained decline from 46% in January.
<a href="https://www.benzinga.com/news/politics/25/06/45920411/trumps-approval-rating-hits-second-term-low-amid-ukraine-and-israel-conflicts">Read the full article here.</a>
The &#8216;Trump Card&#8217; Visa Program Now Open for Applications
President Trump&#8217;s new visa program, offering a pathway to U.S. citizenship for foreign nationals ready to pay $5 million, has officially opened for applications. The program, showcased on the newly launched TrumpCard.gov website, has already seen a flurry of global investors signing up.
<a href="https://www.benzinga.com/news/politics/25/06/45898900/pay-5-million-get-the-trump-card-new-visa-program-now-accepting-applications">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45922984/trump-numbskull-fed-powell-inflation-interest-rates-israel-iran-oil" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;Numbskull&#8217; Insult Comes Back To Bite—In Record Time</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

Trump's Tussle With Powell, Big Tech's Parade Funding, Trump Card Visa And More: This Week In Politics

When it comes to protecting family property, waiting too long to set up a trust can come with serious consequences — especially in complex family situations. On a recent episode of the "<a href="https://omny.fm/shows/suze-ormans-women-and-money/ask-kt-suze-anything-what-do-i-do-if-i-forgot-to-start-taking-my-rmd">Women &amp; Money</a>" podcast, personal finance expert Suze Orman warned listeners about the risks of leaving a home outside of a trust, using a real-life question from a concerned listener as an example.
<h2 class="wp-block-heading">A Complicated Family Setup</h2>
A listener named Yvonne wrote in to explain that her mother still lives in the family home with one of her sons. The father lives elsewhere with a girlfriend, though the parents are still legally married. The listener and her wife already have their own trust and are hoping to help her mother create one for the house.
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The goal is for the home to be passed on to the four children — Yvonne and her siblings — when the mother passes away. But as Orman quickly pointed out, things can go wrong if the details aren't handled correctly, especially in a community property state like California.
<h2 class="wp-block-heading">The Danger Lies in the Title</h2>
"The real question at hand, Yvonne: how is title to this house held?" Orman asked.&nbsp;
She then explained that if the home is owned jointly with the right of survivorship and the mother passes away first, the father would automatically inherit the entire house — no matter what the mother's will or trust says.
That's because how an asset is titled overrides the instructions in a <a href="https://www.benzinga.com/personal-finance/25/05/45632293/this-119-will-trust-kit-could-save-your-family-thousands-and-its-now-20-off">will or trust</a>. In this case, the father could then leave the home to someone else, including his girlfriend, and the children would be left with nothing.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">What Needs to Be Done</h2>
To prevent that outcome, <a href="https://www.benzinga.com/personal-finance/management/25/05/45702148/suze-orman-tells-65-year-old-with-600k-savings-and-no-debt-you-are-so-far-ahead">Orman</a> offered a clear plan:
<ol class="wp-block-list">
<li>Transfer the Title: First, the mother needs to get the title of the house into her name alone. This may require a divorce or legal agreement, especially since they are still married.</li>
<li>Set Up a Trust: Once the home is in her name, the next step is to transfer the home into a living trust. This allows the mother to remain the beneficiary while she's alive, and then pass the house to her children as she wishes after her death.</li>
<li>Act Now: Orman emphasized the urgency: "Otherwise, your greatest nightmare if she dies first is absolutely going to happen."</li>
</ol>
<h2 class="wp-block-heading">Why a Trust Matters</h2>
A living trust helps avoid probate, gives clarity over who receives the asset, and protects it from being redirected if unexpected life events occur — such as a surviving spouse remarrying or changing their will.
Though Orman also mentioned that putting the kids directly on the title might sound like a quick fix, she warned against it due to tax complications like missing out on a step-up in basis.
See Also: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
<h2 class="wp-block-heading">Bottom Line</h2>
If your family owns a home and you want to ensure it passes smoothly to the next generation, it's essential to look beyond just having a will. Without a trust — and the proper title setup — your loved ones could lose more than just a piece of property.
Now may be the right time to have that conversation.
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Image: Shutterstock

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