Ultime notizie per Hempacco (OTC:HPCO) Azioni

Hempacco

Hempacco Co Inc is engaged in manufacturing and selling nicotine-free and tobacco-free alternatives to traditional cigarettes. It utilizes a proprietary, patented spraying technology for terpene infusion and patent-pending flavored filter infusion technology to manufacture hemp and herb-based smokable alternatives. The company's operating segments include private label manufacturing and sales, intellectual property licensing, and the development and sales of inhouse brands using patented counter displays.

Hempacco Co Inc

As Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) strengthens its position in the AI hardware market, the company is quietly paying tribute to some of history's most influential scientists by naming its powerful chip architectures after women whose groundbreaking work laid the foundation for modern computing and science.
Ada Lovelace: The First Computer Programmer
Nvidia's <a href="https://www.benzinga.com/trading-ideas/long-ideas/22/09/28952554/nvidia-makes-a-quantum-leap-at-gtc-2022-ada-lovelace-rtx-gpus-omniverse-cloud-drive-thor">Ada architecture</a>, used in gaming graphics and AI processing, is named after Ada Lovelace, a 19th-century British mathematician. Often credited as the world's first computer programmer, Lovelace theorized that machines could go beyond calculations to manipulate symbols, music, and images—an idea that foreshadowed modern computing.
In 1979, the U.S. Department of Defense named a programming language "Ada" in her honor.
Grace Hopper: The Mother Of Modern Programming
The <a href="https://www.benzinga.com/markets/tech/25/06/45855980/nvidias-grace-hopper-platform-powers-europes-fastest-ai-supercomputer">company's Hopper architecture</a> recognizes Grace Hopper, a U.S. Navy rear admiral and computer science pioneer. During World War II, Hopper worked on the Mark I, one of the earliest general-purpose computers. She played a critical role in the development of automatic programming and helped lay the groundwork for programming languages like COBOL.
Hopper, who passed away in 1992, is remembered as a visionary who helped bridge military computing and modern software development.
See Also: &nbsp;<a href="https://benzinga.com/markets/macro-economic-events/25/06/45988656/elon-musk-warns-us-faces-de-facto-bankruptcy-if-37-trillion-debt-not-tackled-peter-" target="_blank" rel="noreferrer noopener">Elon Musk Warns US Faces ‘De Facto&#8217; Bankruptcy If $37 Trillion Debt Not Tackled, Peter Schiff Says, ‘We Are Already Bankrupt&#8217;</a>
Vera Rubin: Illuminating The Universe's Mysteries
Nvidia's <a href="https://www.benzinga.com/tech/25/05/45689336/dell-nvidia-to-build-next-gen-supercomputer-for-us-energy-department">Rubin architecture honors</a> Vera Rubin, the astronomer who provided some of the first observational evidence for dark matter. In the 1970s, after studying more than 60 galaxies with colleague Kent Ford, Rubin's work helped reshape astrophysics.
She became the first woman scientist on staff at the Carnegie Institution's Department of Terrestrial Magnetism in 1965. Rubin passed away in 2016.
Why It's Important: Nvidia currently has a market cap of $3.5 trillion, making it the second most valuable company in the world.
In May, Nvidia reported <a href="https://www.benzinga.com/news/earnings/25/05/45657660/nvidia-q1-highlights-china-export-ban-hits-results-but-jensen-huang-says-demand-incredibly-strong">first-quarter revenue</a> of $44.1 billion, marking a 69% increase year-over-year and a 12% rise from the previous quarter. The figure surpassed the Street consensus estimate of $43.2 billion.
Price Action: Nvidia shares have climbed 5.18% year-to-date and gained 11.24% over the past year. On Wednesday, the stock rose 0.94%, closing at $145.48, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings highlight steady upward momentum for Nvidia across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">More detailed performance insights can be found here</a>.
<figure class="wp-block-image aligncenter size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/20052652/Screenshot-2025-06-20-at-2.55.01%E2%80%AFPM.png" alt="" class="wp-image-955770" /></a></figure>
Read More:
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<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The B&#x2A;&#x2A;ls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: jamesonwu1972 / Shutterstock.com

Tech

NVDA

Jensen Huang-Led Nvidia Honors Pioneering Women In Science With AI Chip Names: Here's The Legacy Behind Ada, Hopper And Rubin Architectures

It's good for people to look for additional ways to boost their income. Increasing your earnings gives you more flexibility and can help you retire sooner.&nbsp;
One burned-out denturist who earns $300,000 per year and owes $1 million on a mortgage is looking to <a href="https://www.reddit.com/r/HENRYfinance/comments/1ldyi4j/am_i_naive_for_considering_acquiring_a_business/">acquire a business</a> that has more than $500,000 in annual profits. While this move can boost the denturist's income, Redditors offered plenty of warnings against business acquisition.
"Even if you think you understand all the risks, you probably don't," one commenter said.
Don't Miss:
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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</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>
Commenters offered a few suggestions for the denturist to deal with burnout and look for opportunities to earn more money.
<h2 class="wp-block-heading">Identify The Cause Of Your Burnout</h2>
One of the top comments came from a Redditor who suggested figuring out the cause of your burnout before jumping into any new ventures. Starting or acquiring a business requires a lot of work, and it's probably the last remedy that you'd consider for solving burnout.
The commenter suggested that travel could be the cause of burnout and encouraged the denturist to look for a similar role that "reduces travel while maintaining similar benefits."
The commenter mentioned that they were burned out and switched jobs to solve the issue. Working for a more stable company with better management support may be worth it, even if you have to take a small pay cut.
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>.&nbsp;
<h2 class="wp-block-heading">You Can Lose A Lot Of Money If The Acquisition Doesn't Go Well</h2>
While one commenter advised the Redditor to identify why they feel burned out, most commenters warned about some of the downsides of acquiring a business. They emphasized how things don't always go smoothly, and a company that is delivering solid profits right now may not do so well in a few years.
Companies that earn $500,000 in annual profits usually reach that milestone because of an effective leader. Acquiring a business may mean losing that leader, and if you don't know how to run a business, your investment can quickly turn sour.
Good business leaders see their companies fall apart due to factors out of their control, and it's even worse for people who are just getting started. One commenter also mentioned that it won't be $500,000 in annual profit since a large portion of those earnings will have to go toward monthly payments toward the loan used to finance the acquisition.
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Start A Business In An Industry That You Know</h2>
The denturist specifically wanted to acquire a business in an industry that they didn't know very well. That makes an uphill battle even more challenging, and one commenter came up with a solution.
Instead of acquiring a business in a field that you don't know, the denturist can start a denturist business. The original poster said that they have their own clinic and haven&#8217;t put much cash into it. However, the higher income gives the denturist more flexibility with funding the clinic, and that seems to be the new route.
The denturist may have continued to neglect this opportunity if a commenter didn't offer the suggestion. It demonstrates the value of starting a business in your industry instead of acquiring a business in an industry where you have zero experience.
Read Next: <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>
Image: Shutterstock

Personal Finance

Reddit Warns Burned-Out Denturist: 'Even If You Think You Understand All the Risks, You Probably Don't'

The past week has been a rollercoaster ride in the tech and auto sectors. From&nbsp;Tesla Inc. making headlines with its upcoming Robotaxi launch to&nbsp;Boeing Co. facing safety concerns, there&#8217;s a lot to unpack.
Let&#8217;s dive into the top stories of the week.
Tesla&#8217;s Robotaxi Launch Could Be Key To $310 Price Target
Gary Black, managing director of Future Fund LLC, has set a $310 price target for Tesla Inc. ahead of the company&#8217;s Robotaxi launch in Austin on June 22. Black shared his insights on the potential impact of the Robotaxi launch on Tesla&#8217;s stock performance on a social media platform.
<a href="https://www.benzinga.com/markets/tech/25/06/45991403/teslas-robotaxi-launch-could-be-key-to-310-price-target-says-gary-black">Read the full article here.</a>
Boeing Faces Backlash After Fatal Aircrash
Boeing Co. has been under scrutiny following a fatal air crash in India&#8217;s Ahmedabad. The Boeing 787 Dreamliner, operated by Air India, crashed into a residential area shortly after takeoff, leading to serious questions about the safety and quality of Boeing aircraft.
<a href="https://www.benzinga.com/markets/tech/25/06/45991614/if-its-boeing-im-not-going-why-some-people-are-turning-their-backs-on-the-american-plane-maker-in-favor-of-rival-airbus">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/46039679/just-as-tesla-lined-up-its-big-move-waymo-went-bigger" target="_blank" rel="noreferrer noopener">Just As Tesla Lined Up Its Big Move, Waymo Went Bigger</a>
Tesla&#8217;s Production Cost Advantage Over Waymo
Tesla Inc. is reportedly closer to achieving full autonomy than competitors like Alphabet Inc.&#8217;s autonomous driving company, Waymo. This is largely due to Tesla&#8217;s ability to produce cars at a fraction of the price, allowing for more vehicles on the road.
<a href="https://www.benzinga.com/markets/tech/25/06/45966726/tesla-vehicle-production-cost-1-7-that-of-waymo-elon-musks-ev-giant-closer-to-full-autonomy-than-competition-report">Read the full article here.</a>
BYD Surpasses Tesla In Global EV Sales
Tesla Inc. has been outpaced in global sales for the first time by rival BYD Co. Ltd. According to the International Council on Clean Transportation, Chinese automakers are building significant leads in the zero-emission vehicle market.
<a href="https://www.benzinga.com/markets/tech/25/06/45969242/elon-musk-has-a-new-problem-byd-beats-tesla-in-global-ev-sales-amid-europe-expansion">Read the full article here.</a>
Ford Recalls Over 197,000 Vehicles
Ford Motor Co.&nbsp;has issued a recall for more than 197,000 vehicles due to a backseat issue that could potentially trap occupants inside the vehicle. The recall affects Ford Mustang Mach-E models from 2021-2025.
<a href="https://www.benzinga.com/markets/tech/25/06/46012477/ford-recalls-over-197000-vehicles-for-backseat-issue-that-could-trap-occupants-in-emergency-situations">Read the full article here.</a>
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</ul>
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Ken Wolter / Shutterstock.com

News

Media

Tesla's Robotaxi, Boeing's Safety Concerns And Ford's Massive Recall: This Week In Mobility

When Jeff Bezos puts money behind something, people pay attention. The founder of Amazon doesn't just throw cash at random trends—he invests with a long-term vision and a clear eye for disruption. That's why it raised eyebrows when Bezos backed Arrived Homes, a real estate platform that lets everyday people invest in rental properties with as little as $100. If one of the wealthiest people on earth is betting on single-family rentals, it's worth asking: what does he see that the rest of us might be missing?
The answer has everything to do with how real estate is changing—and how platforms like Arrived are opening the doors to a type of investing that was once reserved for the ultra-wealthy. If you've ever thought about owning rental property but didn't want the landlord life (or the six-figure price tag), this is how you get in—alongside the same platform backed by Bezos himself.
Related:
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<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100</a>.</li>
<li>Tired of waiting on the sidelines? <a href="http://groundfloor-finance.sjv.io/dOVZg7">With Groundfloor, you can invest in real estate projects with as little as $10 — no accredited investor status required</a>.</li>
</ul>
<h2 class="wp-block-heading">The Rental Housing Boom, Explained</h2>
Let's start with the big picture. The U.S. is in the middle of a long-term shift toward renting. Home prices have soared, mortgage rates remain high, and affordability continues to push millions of Americans out of the buyer's market and into long-term rentals. But here's the twist: even as more people rent, the demand for quality, single-family homes—not apartments—is exploding.
That demand means steady rent checks, low vacancy in the right markets, and rising long-term value for well-positioned homes. It's no wonder institutional investors, hedge funds, and billionaires like Bezos are buying into the space. But until recently, everyday investors were locked out. You either needed to buy a full home yourself (and become a landlord), or sit on the sidelines and watch others collect the income.
Now, that's changing—and fast.
<h2 class="wp-block-heading">The Platform Jeff Bezos Backed</h2>
Arrived Homes is one of the first platforms to let non-accredited investors co-own shares of rental homes across the U.S. When you invest, you&#8217;re buying into real, income-generating single-family properties—many of them located in fast-growing, high-demand markets like Phoenix, Memphis, and Salt Lake City.
Bezos invested through his personal fund, Bezos Expeditions, during an early funding round. Other high-profile backers include former Zillow CEO Spencer Rascoff and Uber executives. Their involvement isn't just hype—it signals a major vote of confidence in a new model of real estate investing that prioritizes accessibility, diversification, and passive income.
With Arrived, you don't need to qualify for a mortgage, deal with tenants, or shell out a down payment. You simply choose a home, decide how much to invest, and start earning your share of rental income—plus any potential appreciation if the property goes up in value.
<h2 class="wp-block-heading">Why This Model Works (Even If You're Not a Billionaire)</h2>
What makes Arrived so disruptive isn't just that it lowers the barrier to entry—it's that it flips the script entirely. You're no longer stuck choosing between buying a house (and managing it) or not investing at all. Now, you can start with whatever amount you're comfortable with, spread your capital across multiple homes and cities, and earn income while someone else handles the operations.
Think about it like this:
<ul class="wp-block-list">
<li>Jeff Bezos can buy an entire portfolio of homes and hire a team to manage them.</li>
<li>You can buy fractional shares of that same kind of portfolio—and let Arrived manage them for you.</li>
</ul>
You get all the upside—rental income, diversification, appreciation potential—without having to do the work. For busy professionals, renters, or anyone building long-term wealth, that's a powerful model.
Take Action:
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<li>Put your money to work for you: In terms of getting money back, <a href="https://www.gobankingrates.com/best-banks-c/">these bank accounts put traditional checking and savings accounts to shame</a>.</li>
<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=jeffbezos100"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>
<h2 class="wp-block-heading">How to Start Investing Alongside the Pros</h2>
You don't need a private fund or millions in capital to follow the Bezos playbook. You just need a strategy—and consistency. With Arrived, you can start with as little as $100 per property. From there, you can invest monthly, diversify across states and home types, and build a portfolio that grows with you.
Every property listing on Arrived includes full financial breakdowns, target returns, and market analysis. Whether you're looking for high cash flow, long-term appreciation, or a mix of both, the platform lets you align your investments with your goals—without having to be a real estate expert.
And if you're wondering how it all works behind the scenes? Arrived sources properties, conducts due diligence, manages tenants, and distributes rental income every quarter. You stay informed, but you never have to do the heavy lifting.
Want to follow Jeff Bezos into real estate? <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=jeffbezos100">Start co-owning rental homes with just $100 on Arrived</a>.

Real Estate

Why Jeff Bezos Is Betting on Rental Homes — And How You Can Too

China has reportedly trialed a domestically developed operating system aboard a small satellite, a move aimed at reducing dependence on foreign <a href="https://www.benzinga.com/news" target="_blank" rel="noreferrer noopener">software in space-based applications</a>.
Researchers used the OpenHarmony real-time operating system (RTOS)—a streamlined version of Huawei Technologies&#8217; HarmonyOS—onboard the Dalian-1 Lianli CubeSat during more than 1,000 hours of in-orbit experimentation, <a href="https://www.scmp.com/news/china/science/article/3314994/spurred-us-sanctions-china-adapts-huaweis-harmonyos-microsatellites" target="_blank" rel="noreferrer noopener">reports</a> the South China Morning Post.
The test showed marked improvements in speed and stability for microsatellite operations.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45981509/rocket-labs-next-launch-in-4-days-is-rklb-ready-for-liftoff" rel="noreferrer noopener">Rocket Lab&#8217;s Next Launch In 4 Days — Is RKLB Ready For Liftoff?</a>
Yu Xiaozhou, a professor at the Dalian University of Technology and lead author of the study, stated that the mission demonstrated notable gains in system responsiveness and reliability thanks to the home-grown software platform, the report adds.
OpenHarmony replaced traditional firmware and foreign operating systems commonly used in Chinese microsatellites.
The satellite, released from the Tiangong space station, also ran on a chip manufactured in China, creating what researchers called a fully indigenous software-hardware solution.
The technology enabled subsystems like the magnetometer, sun sensor, and orientation unit to operate with microsecond-level responsiveness while consistently delivering high-frequency data updates, the report further adds.
Beyond its performance, the system endured extended pre-deployment conditions, including 253 days in external storage outside the space station.
Once activated, it produced sub-meter resolution images of Earth—capabilities that could aid regional planning efforts in coastal areas such as Dalian.
The software milestone stems from China&#8217;s broader effort to wean itself off foreign tech, a push accelerated after Huawei Technologies was added to the U.S. trade blacklist in 2019.
The ban restricted access to American tech tools and catalyzed initiatives like OpenHarmony, which is now overseen by the OpenAtom Foundation and applied across sectors, including embedded systems and aerospace.
Previously, Chinese satellites had relied on open-source foreign software such as FreeRTOS, which posed limitations under export restrictions.
The latest mission marks a significant step toward technical independence in China&#8217;s satellite development roadmap.
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Image: Shutterstock/Dancing_Man

Equities

Markets

General

After US Sanctions, China Deploys Indigenous OS In Space To Cut Foreign Reliance

In the holiday-shortened week, these ten large-cap stocks were top performers. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock gained 125.53% last week after the U.S. Senate passed <a href="https://www.benzinga.com//node/46034000" target="_blank" rel="noreferrer noopener">the GENIUS Act</a>, which aims to regulate stablecoins. Seaport Global, which initiated coverage with a Buy rating and a <a href="https://www.benzinga.com/quote/CRCL/analyst-ratings" target="_blank" rel="noreferrer noopener">$235 price forecast</a>, also supported the rally.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock soared 27.93% last week after it launched its <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">Coinbase Payments stablecoin stack</a> and secured a crypto license in the EU.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock upped 24.43% after the company announced a partnership with Vodafone Idea to bring satellite broadband to smartphones in India. ASTS is also set to join the <a href="https://www.benzinga.com//node/46033050" target="_blank" rel="noreferrer noopener">Russell 1000 Index on June 27</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock jumped 23.23% last week after BofA Securities downgraded the stock to Neutral but raised the <a href="https://www.benzinga.com/quote/CRWV/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast to $185</a>.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock upped 21.39% last week.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock gained 19.75% after launching AI-powered <a href="https://www.benzinga.com//node/45983296" target="_blank" rel="noreferrer noopener">ad features</a> and gaining visibility as the second most cited source in Google's AI summaries.</li>
<li>QXO, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) stock gained 18.36% last week after it proposed to acquire GMS <a href="https://www.benzinga.com//node/46009046" target="_blank" rel="noreferrer noopener">for $95.20 per share in cash</a>.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) stock upped 15.14% after reporting <a href="https://www.benzinga.com//node/45972232" target="_blank" rel="noreferrer noopener">strong Q3 earnings and revenue</a>, prompting several analysts to <a href="https://www.benzinga.com/quote/JBL/analyst-ratings" target="_blank" rel="noreferrer noopener">raise their price forecast</a>.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) stock jumped 15.03% last week. The stock has been gaining since June 2, when it reported better-than-expected Q4 results and received analyst upgrades.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock jumped 13.79% after a public spat between Elon Musk and Donald Trump spurred speculation around Rocket Lab's <a href="https://www.benzinga.com//node/46002335" target="_blank" rel="noreferrer noopener">potential role in Trump's Golden Dome</a> missile defense system, highlighting its position in national security space tech.</li>
</ol>
Read Next:
<a href="https://www.benzinga.com/markets/tech/25/06/46043303/consumer-tech-news-june-16-june-20-fed-holds-rates-trump-eyes-iran-moves-apple-taps-ai-accenture-shifts-strategy">Consumer Tech News (June 16-June 20): Fed Holds Rates, Trump Eyes Iran Moves, Apple Taps AI, Accenture Shifts Strategy</a>
Photo by Primakov via Shutterstock

Large Cap

Movers

ASTS

COIN

CRCL

CRDO

CRWV

RDDT

RKLB

AST SpaceMobile And Coinbase Global Are Among Top 10 Large Cap Gainers Last Week (June 16-20): Are The Others In Your Portfolio?

The past week in tech has been nothing short of exciting, with major companies making bold moves and industry leaders voicing their opinions. From Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) battling with OpenAI for top talent, to YouTube&#8217;s upcoming integration of advanced AI video tools, the landscape is rapidly evolving. Meanwhile, Elon Musk has been vocal about the inflated valuations of AI startups, and Amazon&#8217;s CEO has touted the transformative potential of Generative AI. Here&#8217;s a recap of the top stories.
Meta&#8217;s Battle with OpenAI for Talent Meta&#8217;s billion-dollar hiring spree in AI has hit a snag, according to CTO Andrew Bosworth. OpenAI is not letting its top minds go without a fight and is actively countering Meta&#8217;s lucrative job offers. This revelation came during Bosworth&#8217;s interview with CNBC&#8217;s Closing Bell Overtime on Friday.
<a href="https://www.benzinga.com/markets/tech/25/06/46041399/meta-tried-luring-openais-top-minds-with-massive-paychecks-but-sam-altman-neglected-to-mention-that-hes-countering-those-offers-says-andrew-bosworth">Read the full article here.</a>
YouTube Shorts to Feature Veo 3 AI Video Tools YouTube, a subsidiary of Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), is set to integrate Google&#8217;s latest generative AI video model, Veo 3, into YouTube Shorts. This announcement was made by YouTube CEO Neal Mohan during a keynote at the Cannes Lions Festival.
<a href="https://www.benzinga.com/markets/tech/25/06/46011121/youtube-shorts-will-soon-feature-veo-3-ai-video-tools-with-audio-and-higher-quality-but-creators-may-need-a-paid-plan">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/06/46037332/bitcoin-ethereum-xrp-dogecoin-pull-back-after-technical-rejection-no-one-wants-to-be-long-into-the-weekend" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Pull Back After Technical Rejection &#8211; Benzinga</a>
Elon Musk&#8217;s Take on AI Startup Valuations Elon Musk has criticized the current AI startup landscape, stating that the hype has led to inflated startup prices. He referred to these startups as a &#8220;herd of unicorns&#8221; during his talk at Y Combinator&#8217;s AI Startup School.
<a href="https://www.benzinga.com/markets/tech/25/06/45989519/elon-musk-blames-ai-hype-for-1-billion-startup-valutions-there-are-so-many-frickin-unicorns">Read the full article here.</a>
Meta&#8217;s AI Smart Glasses Collaboration Meta is teaming up with EssilorLuxottica to launch new AI-powered smart glasses under the Oakley and Prada brands. This follows the success of the second-generation Ray-Ban smart glasses, which were launched in 2023 through a partnership between Meta and Luxottica.
<a href="https://www.benzinga.com/markets/large-cap/25/06/45987099/meta-teams-up-with-oakley-prada-for-next-gen-ai-smart-glasses">Read the full article here.</a>
Amazon&#8217;s Embrace of Generative AI Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO, Andy Jassy, highlighted the company&#8217;s extensive use of Generative AI in a recent blog post. Jassy described such technologies as rare and transformative, justifying Amazon&#8217;s aggressive investment.
<a href="https://www.benzinga.com/markets/tech/25/06/45982631/amazon-ceo-says-generative-ai-will-reduce-total-corporate-workforce">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/news/topics/25/06/46024990/a-millennial-says-the-older-i-get-and-the-further-in-my-career-i-go-the-more-i-realize-how-deadly-acc" target="_blank" rel="noreferrer noopener">A Millennial Says, The Older I Get And The Further In My Career I Go, The More I Realize How Deadly Accurate &#8216;Office Space&#8217; Was</a>
Photo courtesy: Shutterstock
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>

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Meta's Battle With OpenAI, Youtube Innovations, And Billion-Dollar Unicorns: This Week In AI

Iranian Foreign Minister Abbas Araghchi is set to meet with Russian President Vladimir Putin in the wake of Saturday&#8217;s U.S. airstrikes against Iran.
What Happened: The strikes, which Iran claims have disrupted diplomatic efforts regarding its nuclear program, have heightened tensions between the U.S. and Iran.
As reported by The Times of Israel, the meeting in Moscow is scheduled for Sunday. This comes after President Donald Trump announced that the strikes had &#8220;totally obliterated&#8221; Iran&#8217;s key nuclear facilities. Iran quickly condemned the US action, accusing it of sabotaging ongoing negotiations for a potential deal.
In retaliation for the U.S. strikes, Iran launched two rounds of attacks against Israel, its long-standing regional rival. Trump&#8217;s intervention threatens to escalate the conflict, particularly in light of Israel&#8217;s unprecedented bombing campaign on Iran last week.
Araghchi accused the U.S. of undermining diplomacy after talks with European powers. He later stated that the U.S. and Israel had &#8220;crossed a very big red line,&#8221; asserting Iran&#8217;s commitment to defend itself &#8220;by all means necessary.&#8221;
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong">Trump Publicly Contradicts DNI Gabbard&#8217;s Claim That Iran Lacks Nuclear Capabilities: &#8216;She&#8217;s Wrong&#8217;</a>
Israeli Prime Minister Benjamin Netanyahu lauded the U.S. strikes, stating that Trump&#8217;s decision to &#8220;target Iran&#8217;s nuclear facilities with the awesome and righteous might of the United States will change history.&#8221;
Why It Matters: The escalating tensions between Iran and the US have the potential to destabilize the region further. 
The upcoming meeting between the Iranian Foreign Minister and Russian President Putin could be a pivotal moment in the ongoing conflict. 
The outcome of this meeting could influence the future course of Iran&#8217;s nuclear program and its relations with the US and Israel. The international community will be watching closely as these events unfold.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45940786/israeli-strikes-kill-9-iranian-scientists-continuing-mossads-decade-long-targeting-of-nuclear-program">Israeli Strikes Kill 9 Iranian Scientists, Continuing Mossad&#8217;s Decade-Long Targeting of Nuclear Program</a>
Image: Shutterstock

Global

US Vs Iran: Iran's Foreign Minister Heads To Moscow, Accuses US of Derailing Nuclear Talks

Rep. Nancy Pelosi (D-Calif.) and her husband, venture capitalist Paul Pelosi, experienced a significant increase in their net worth in 2024.
What Happened: The Pelosis&#8217; net worth could now be as high as $413 million, up from a possible $370 million in 2023. The exact figure is unknown as lawmakers are only required to disclose ranges.
Market research firm&nbsp;Quiver Quantitative&nbsp;estimated the couple&#8217;s&nbsp;2024 worth at $257 million, a $26 million increase from the previous year. However, the value of their diverse ventures, including a Napa Valley winery&nbsp;and a stake in a&nbsp;Bay area Italian restaurant, could push Pelosi&#8217;s worth much higher.
As per the report <a href="https://nypost.com/2025/06/21/us-news/pelosi-added-millions-to-net-worth-last-year-report/">by</a> the New York Post, a substantial portion of their wealth comes from a significant stock portfolio and well-timed trades, primarily in Paul Pelosi&#8217;s name.
Also Read: <a href="https://www.benzinga.com/news/23/01/30615682/elon-musk-apologizes-for-tweeting-conspiracy-theory-about-attack-on-nancy-pelosis-husband">Elon Musk Apologizes For Tweeting Conspiracy Theory About Attack On Nancy Pelosi&#8217;s Husband</a>
Notably, the couple sold 5,000 shares of&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;worth an estimated $2.2 million&nbsp;shortly before the Federal Trade Commission&nbsp;announced an antitrust investigation into&nbsp;the tech giant.
Despite some setbacks, their investment portfolio yielded&nbsp;an estimated 54% return in&nbsp;2024, outperforming the S&amp;P 500&#8217;s 25% gain and surpassing&nbsp;every large hedge fund, according&nbsp;to Bloomberg&#8217;s end-of-year tally.
Why It Matters: The financial success of the Pelosi couple comes at a time when there are increasing calls to prohibit Congress members from trading individual stocks. Critics argue that&nbsp;lawmakers have access to market-moving&nbsp;information before the public. 
Pelosi has previously rejected these calls, but recently softened her stance. This change in attitude could potentially impact future trading activities of lawmakers, and possibly even their net worth.
Read Next
<a href="https://www.benzinga.com/politics/25/04/45077654/bill-named-after-nancy-pelosi-could-ban-congress-members-from-trading-stocks-what-you-need-to-know-about-the-pelosi-act">Bill Named After Nancy Pelosi Could Ban Congress Members From Trading Stocks: What You Need To Know About The &#8216;PELOSI&#8217; Act</a>
Image: Shutterstock/Asatur Yesayants

Politics

MSFT

Nancy Pelosi's Portfolio Crushed Wall Street Hedge Funds With Jaw-Dropping Returns Last Year

In an era of inflation shocks, shifting alliances, and economic volatility, one thing hasn't changed: central banks are <a href="https://www.benzinga.com/money/best-gold-trading-strategies">doubling down on gold</a>. While investors may debate crypto, equities, or cash, the institutions managing national reserves are quietly — and consistently — boosting their gold holdings. And they're doing it in record amounts.
The latest Central Bank Gold Reserves <a href="https://www.gold.org/goldhub/research/central-bank-gold-reserves-survey-2025">survey</a> from the World Gold Council offers fresh insights into why this centuries-old asset remains so essential in modern reserve strategy. The message is clear: gold isn't just a relic — it's a key tool for navigating global uncertainty.
The takeaway? Confidence in gold is strong. Nearly all respondents (95%) believe global gold reserves will increase over the next year, and 43% say they personally plan to add more to their own reserves. None reported plans to decrease their holdings.
Why the continued interest? It comes down to a few key factors: gold tends to perform well during periods of crisis, it provides portfolio diversification, and it holds long-term value — something that matters when inflation or geopolitical risk are on the rise.
The survey also shows changing views around currency reserves. A majority (73%) of central banks think <a href="https://www.benzinga.com/topic/us-dollar">the U.S. dollar</a>'s share of global reserves will shrink over the next five years, while assets like the euro, Chinese renminbi, and gold are expected to gain ground.
More central banks are also actively managing their gold, with 44% now doing so — up from 37% last year. Risk management and return optimization were cited as the top reasons. And while the Bank of England remains the most popular place to store gold, more banks are bringing their reserves closer to home — 59% now store at least some gold domestically.
Bottom line: in a world of uncertainty, gold remains a trusted asset for central banks — and their continued buying signals long-term confidence in its role as a stabilizer in turbulent times.
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Photo: Shutterstock

Financial Advisors

Commodities

Why Are Central Banks Still Stockpiling Gold?

Thousands of Afghan nationals residing in the United States may soon be deported as the Trump administration moves to revoke their temporary protected status, triggering widespread fear within <a href="https://www.benzinga.com/news" target="_blank" rel="noreferrer noopener">the refugee community.</a>
The Guardian reports that the policy shift removes Afghanistan from the TPS list, a classification that previously shielded Afghans from deportation and allowed them to work legally in the U.S.
This reversal has placed many at immediate risk, even those who supported American forces during the 20-year war.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/03/44209655/the-heart-breaking-story-of-afghan-women-facing-deportation-after-trumps-usaid-aid-cuts" rel="noreferrer noopener">The Heart-Breaking Story Of Afghan Women Facing Deportation After Trump&#8217;s USAID Aid Cuts</a>
Shir Agha Safi, who leads the non-profit Afghan Partners in Des Moines, Iowa, said community members are gripped by anxiety, drawing parallels with the recent deportations of Venezuelan migrants.
Safi said, &#8220;They would choose suicide over being tortured and killed by the Taliban,&#8221; the report adds.
The Department of Homeland Security, now under the leadership of Kristi Noem, has justified the change by claiming that Afghanistan&#8217;s security has improved.
A DHS statement cited a decrease in kidnappings and a rise in tourism as signs of stability.
However, critics point to the same report DHS references, which also highlights deteriorating civil conditions, suppression of legal systems, and widespread fear under Taliban rule.
The State Department continues to advise U.S. citizens against travel to Afghanistan, labeling it a high-risk zone due to threats of violence, terrorism, and arbitrary detentions, The Guardian adds.
Despite these warnings, DHS insists the country is safe enough to accept returning nationals.
Afghans initially gained TPS under the Biden administration in 2022 following the Taliban&#8217;s return to power.
Their status was already precarious before Trump&#8217;s re-election, but the new directive threatens to dismantle legal protections for thousands. Immigration advocates say the move could devastate families who have spent years integrating into American society.
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Better Dead Than Back To Taliban: Afghan Refugees Fear Forced Return Under Trump

On Saturday night President Donald Trump declared successful strikes on three crucial Iranian nuclear sites, terming it a &#8216;spectacular military success&#8217;.
What Happened: The US military executed precision strikes on the Fordo, Natanz, and Isfahan nuclear facilities&nbsp;in Iran around midnight local&nbsp;time. 
&#8220;Our objective was the destruction&nbsp;of Iran&#8217;s nuclear enrichment capacity,&nbsp;and a stop to the&nbsp;nuclear threat posed by the&nbsp;world&#8217;s number one state sponsor&nbsp;of terror,&#8221; Trump said while <a href="https://www.youtube.com/live/C7eSJ011Muc">addressing </a>the nation.
&#8220;A short time ago, the U.S. military carried out massive precision strikes on the three key nuclear facilities in the Iranian regime: Fordo, Natanz and Isfahan,&#8221; Trump said. &#8220;Everybody heard those names for years as they built this horribly destructive enterprise. Our objective was the destruction of Iran&#8217;s nuclear enrichment capacity, and a stop to the nuclear threat posed by the world&#8217;s number one state sponsor of terror. Tonight, I can report to the world that the strikes were a spectacular military success.&#8221;&nbsp;
&#8220;For 40 years, Iran has been saying, ‘Death to America. Death to Israel.' They have been killing our people, blowing off their arms, blowing off their legs with roadside bombs,&#8221; Trump added. &#8220;That was their specialty. We lost over a thousand people and hundreds of thousands throughout the Middle East and around the world have died as a direct result of their hate in particular.&#8221;
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong">Trump Publicly Contradicts DNI Gabbard&#8217;s Claim That Iran Lacks Nuclear Capabilities: &#8216;She&#8217;s Wrong&#8217;</a>
The President had previously announced last Thursday that he would decide&nbsp;on whether to strike Iran&nbsp;within a two-week period. 
Despite his calls for Iran to negotiate on its nuclear program, the country withdrew from scheduled talks with the US and declined to return to the negotiation table.
Trump announced the successful attacks via a Truth Social post on Saturday evening. The US reportedly used six bunker-buster bombs and&nbsp;30 tomahawk missiles launched from&nbsp;American submarines in the strikes.
Earlier, on June 12, Israel had ordered strikes on Iran as Israeli intelligence indicated that Iran&#8217;s nuclear program was advancing rapidly. The Israeli strikes, known as &#8220;Operation Rising Lion,&#8221;&nbsp;targeted Iran&#8217;s nuclear and missile&nbsp;infrastructure.
Why It Matters: The strikes come amid escalating tensions between the US and Iran over the latter&#8217;s nuclear program. The US has long accused Iran of pursuing nuclear weapons, a charge Iran denies. 
The successful strikes represent a significant escalation in the US&#8217;s efforts to curb Iran&#8217;s nuclear ambitions. The decision to strike follows Iran&#8217;s refusal to engage in talks about its nuclear program, further straining relations between the two countries.
Read Next
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Donald Trump Announces 'Spectacular Military Success' As US Strikes Key Iranian Nuclear Sites

The Federal Reserve kept its benchmark interest rate unchanged at 4.25%–4.50% for the sixth straight meeting, with Chair Jerome Powell signaling no near-term cuts despite <a target="_blank" href="https://www.benzinga.com/personal-finance/management/25/06/46011739/jerome-powell-led-fed-has-left-interest-rate-unchanged-what-does-it-mean-for-savings-mortgages-credit-cards-and-your-bank-account" rel="noreferrer noopener">mounting pressure from the White House.</a>
Meanwhile, global uncertainty ticked higher as White House Press Secretary Karoline Leavitt revealed the U.S. remains open to negotiations with Iran, even as President Donald Trump weighs potential military action—<a target="_blank" href="https://www.benzinga.com/news/25/06/46017426/trump-gives-iran-2-weeks-to-strike-a-deal-or-face-us-military-action" rel="noreferrer noopener">promising a decision "within the next two weeks."</a>
Amid these macro headlines, the consumer tech sector pressed on with notable developments.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/04/44873349/openai-and-softbanks-stargate-considers-major-uk-investment-to-fuel-ai-growth" rel="noreferrer noopener">OpenAI And SoftBank's Stargate Considers Major UK Investment To Fuel AI Growth</a>
Earnings Results
Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) reported quarterly earnings of $3.49 per share, topping&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46024923/accenture-new-bookings-fall-in-q3-but-it-raises-profit-outlook" rel="noreferrer noopener">the&nbsp;analyst consensus estimate of $3.31</a>.
Accenture announced a&nbsp;strategic overhaul of its growth model, effective September 1, 2025, with a sharpened focus on AI.
Technology
Nvidia&nbsp;Corporation&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;venture capital arm,&nbsp;NVentures, has joined a $650 million funding round for&nbsp;TerraPower, a nuclear energy company founded by&nbsp;Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;co-founder&nbsp;Bill Gates.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly looking to harness the power of generative artificial intelligence to accelerate the development of the&nbsp;custom chips that power&nbsp;its devices, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time" rel="noreferrer noopener">according to senior executive&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time" rel="noreferrer noopener">Johny Srouji</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time" rel="noreferrer noopener">.</a>
Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) announced a&nbsp;$60 billion plan&nbsp;to expand U.S.-based semiconductor manufacturing, marking what the company says is the largest investment in <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45998624/texas-instruments-announces-60-billion-us-semiconductor-manufacturing-boost" rel="noreferrer noopener">foundational chip production in the nation's history.</a>
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;cloud unit is set to launch its second data center in South Korea to capitalize <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46032308/alibaba-expands-ai-cloud-footprint-in-south-korea-with-new-data-hub-launching-in-june" rel="noreferrer noopener">on the generative AI frenzy.</a>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;is reportedly in discussions to hire&nbsp;Nat Friedman, former CEO of&nbsp;GitHub, to support <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46010604/mark-zuckerbergs-meta-reportedly-looking-to-hire-former-github-ceo-nat-friedman-and-investor-daniel-gross-as-part-of-aggressive-ai-expansion-strategy" rel="noreferrer noopener">its artificial intelligence efforts</a>.
The&nbsp;Trump Organization&nbsp;is&nbsp;entering the wireless industry&nbsp;with plans to launch a smartphone called the &#8220;T-1 Phone,&#8221; priced at $499 and promoted as being manufactured in the U.S.—a promise experts say may <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45990957/trump-mobile-plans-to-launch-499-t-1-phone-made-in-the-usa-but-expert-says-you-dont-have-the-employees-that-can-do-it" rel="noreferrer noopener">not hold up under scrutiny.</a>
Artificial Intelligence (AI)
Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>)&nbsp;founder&nbsp;Masayoshi Son is spearheading an alliance with&nbsp;Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), proposing a $1 trillion industrial complex in Arizona.
OpenAI chief executive&nbsp;Sam Altman says he &#8220;didn&#8217;t think Elon was going to abuse his power in the government to unfairly compete&#8221; but now believes he was wrong after Tesla&#8217;s founder allegedly tried to derail OpenAI&#8217;s $500 billion <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46023822/sam-altman-says-he-didnt-think-elon-musk-would-abuse-government-power-tesla-ceo-hits-back-with-scam-altman-jibe" rel="noreferrer noopener">&#8220;Stargate&#8221; data-center deal.</a>
Automobiles
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;is reportedly working on a 6-seater <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46020870/elon-musks-tesla-to-expand-model-y-lineup-with-new-6-seater-version-report" rel="noreferrer noopener">variant of the Model Y crossover SUV.</a>
Tesla will shut down production at the Texas Gigafactory, which manufactures the Cybertruck and the Model Y, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/45989148/tesla-will-shut-down-production-at-the-texas-gigafactory-over-the-4th-of-july-weekend" rel="noreferrer noopener">over the Independence Day weekend.</a>
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) has recalled more than 197,000 vehicles in the latest recall over an issue affecting the backseat occupants, <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46012477/ford-recalls-over-197000-vehicles-for-backseat-issue-that-could-trap-occupants-in-emergency-situations" rel="noreferrer noopener">where they may remain locked inside the vehicle.</a>
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Consumer Tech News (June 16-June 20): Fed Holds Rates, Trump Eyes Iran Moves, Apple Taps AI, Accenture Shifts Strategy

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the <a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45750724/exclusive-mays-20-most-searched-tickers-on-benzinga-pro-where-do-apple-palantir-coreweave-nvidia-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE: May&#8217;s 20 Most-Searched Tickers On Benzinga Pro — Where Do Apple, Palantir, CoreWeave, Nvidia Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending June 20:
SS&amp;C Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>): The software and solutions for hedge fund and private equity companies saw increased interest from investors with minimal news on the week. The company recently announced it <a href="https://investor.ssctech.com/news-and-events/news-details/2025/SSC-to-Power-Wesleyans-New-Digital-First-Wealth-Platform/default.aspx">partnered </a>with Wesleyan Assurance Society for the mutual fund company's digital-first wealth management platform. SS&amp;C Technologies has beaten analyst estimate for both revenue and earnings per share in six straight quarters and could be one of the stocks most investors haven't heard of. Shares are up 5.3% year-to-date in 2025 with a slight drop during the last trading week.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0620"><img loading="lazy" decoding="async" width="999" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225526/Screenshot-457.png" alt="" class="wp-image-957090" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225526/Screenshot-457.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225526/Screenshot-457-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225526/Screenshot-457-768x385.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>): Don't look now, but shares of gaming company Roblox are trading where they were back in late 2021 during the COVID-19 pandemic. The company is likely being helped by surprise hit minigame "Grow a Garden," which Roblox users can play. The game is seeing high concurrent user figures for people playing Roblox and also helping increase monetization on the platform. Hit games on Roblox have a tendency to help boost quarterly results with higher in-game spending coming from new and old users. Roblox has also seen a handful of analyst ratings with <a href="https://www.benzinga.com/quote/RBLX/analyst-ratings">higher price targets </a>including Oppenheimer taking the price target from $80 to $125 and Wedbush taking the price target from $91 to $110. The gaming company<a href="https://www.benzinga.com/trading-ideas/movers/25/06/45859607/roblox-hires-paramounts-cfo-will-naveen-chopra-fuel-the-platforms-next-big-leap"> also announced new </a>Chief Financial Officer Naveen Chopra, who comes with years of experience at Paramount Global. Chopra also previously oversaw Amazon.com's Devices and Services division, helping power growth of items like the Kindle, Alexa and Fire TV. Roblox was also recently announced <a href="https://www.benzinga.com/news/gaming/25/06/45850712/microsoft-vs-nintendo-handheld-gaming-console-includes-nvidia-vs-amd-battle-which-one-will-come-out-on-top">as a partner</a> for the new Microsoft handheld video game console, which will mark the first time the game can be played natively and be optimized for handhelds. Roblox stock is up 74% year-to-date in 2025 with shares up 9% for the week.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0620"><img loading="lazy" decoding="async" width="995" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225541/Screenshot-458.png" alt="" class="wp-image-957091" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225541/Screenshot-458.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225541/Screenshot-458-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225541/Screenshot-458-768x387.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Millicom International Cellular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGO#NASDAQ">TIGO</a>): The Latin American telecommunications company saw increased interest from readers during the week, which could be related to the closing of an acquisition. Millicom recently <a href="https://www.globenewswire.com/news-release/2025/06/13/3099331/0/en/Millicom-Tigo-Strengthens-South-American-Leadership-with-USD-380-Million-Acquisition-of-Telef%C3%B3nica-Ecuador.html">closed </a>the acquisition of Telefónica's telecommunications operations in Ecuador. The deal valued at $380 million will help strengthen Millicom's presence in the company and continued expansion in South America. The company highlighted favorable demographics for Ecuador that could see increased consumer spending and mobile growth. Millicom servs over 46 million customers in its regions. Shares of the company were down on a Scotiabank analyst downgrade during the week, but the stock remains up 43% year-to-date in 2025.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0620"><img loading="lazy" decoding="async" width="995" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225555/Screenshot-462.png" alt="" class="wp-image-957092" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225555/Screenshot-462.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225555/Screenshot-462-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225555/Screenshot-462-768x390.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
Carlisle Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>): The building materials company saw strong interest from readers on no new news. The company is a leading manufacturer and supplier of roofing products for the commercial building sector. Products include roofing products, insulation and weatherproofing with the company completing many acquisitions in recent years. Carlisle has paid out consecutive and increasing dividends since 1976 and the company has beaten analyst estimates for earnings per share in eight of the last 10 years. The stock is down 15% year-to-date in 2025 and could be one to watch with the consistent earnings per share beats, dividend increases and interest from readers.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0620"><img loading="lazy" decoding="async" width="999" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225609/Screenshot-463.png" alt="" class="wp-image-957093" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225609/Screenshot-463.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225609/Screenshot-463-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225609/Screenshot-463-768x390.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>): The power producer continues to see shares trade higher hitting new all-time highs during the week with shares up 24% year-to-date in 2025 with an already impressive gain during the 2024 year. Readers continued to show strong interest in the stock, which could be related to President Donald Trump's <a href="https://www.benzinga.com/news/mid-cap/25/05/45587750/uranium-stocks-surge-trumps-nuclear-push-sparks-double-digit-gains">comments on nuclear energy </a>and the <a href="https://www.benzinga.com/markets/equities/25/06/45816468/ai-data-centers-are-eating-electricity-and-these-3-energy-stocks-could-be-the-biggest-winners-says-analyst">increased demand</a> likely needed for AI companies. Morgan Stanley <a href="https://www.benzinga.com/quote/VST/analyst-ratings">maintained an Overweight rating</a> on the stock and increased the price target from $176 to $186, while UBS maintained a Buy rating on the stock and increased the price target from $160 to $207.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0620"><img loading="lazy" decoding="async" width="999" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225625/Screenshot-464.png" alt="" class="wp-image-957094" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225625/Screenshot-464.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225625/Screenshot-464-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/21225625/Screenshot-464-768x388.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0620" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45482435/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-65" target="_blank" rel="noreferrer noopener">May 16</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/05/45600269/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-66" target="_blank" rel="noreferrer noopener">May 23</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45710022/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-67" target="_blank" rel="noreferrer noopener">May 30</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45827517/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-68" target="_blank" rel="noreferrer noopener">June 6</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45938888/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-69">June 13</a></li>
</ul>
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

The past week in the world of finance and technology was nothing short of exciting. From the backing of a crypto-friendly startup bank by big names in tech to the stunning surge of Circle&#8217;s stock, there was no shortage of intriguing developments.
Here&#8217;s a quick recap of the top stories that made headlines.
Anduril And Palantir Founders Back Crypto-Friendly Startup Bank
Palmer Luckey, founder of defense technology startup&nbsp;Anduril Industries, and&nbsp;Joe Lonsdale, co-founder of&nbsp;Palantir Technologies, have reportedly invested in a cryptocurrency-friendly banking startup. The startup aims to provide stability to Silicon Valley and assist tech entrepreneurs in growing their businesses.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45944062/anduril-founder-palmer-luckey-palantir-co-founder-joe-lonsdale-to-invest-in-crypto-friendly-startup-bank-report">Read the full article here.</a>
Circle&#8217;s Stock Skyrockets By 540%
Circle Internet Group, Inc., the issuer behind the USD Coin, saw its stock surge by a whopping 540% since its IPO on June 5. The rally gained further momentum following the U.S. Senate&#8217;s passage of the GENIUS Act, a bill that would formally regulate dollar-backed stablecoins.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46030182/circle-stock-rockets-540-cathie-wood-says-weve-just-begun">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/06/46032425/tokens-are-a-lemon-market-heres-how-to-fix-it" target="_blank" rel="noreferrer noopener">Tokens Are A Lemon Market&#8230;Here&#8217;s How To Fix It</a>
Bitcoin, Ethereum, Dogecoin Remain Rangebound
Leading cryptocurrencies, including Bitcoin, Ethereum and Dogecoin, moved sideways as Federal Reserve Chair Jerome Powell signaled slower growth and hotter inflation. Bitcoin consolidated in the $104,000-$105,000 range.
<a href="https://www.benzinga.com/crypto/25/06/46010229/bitcoin-ethereum-dogecoin-rangebound-as-fed-chair-jerome-powell-highlights-tariff-induced-uncertainty-analyst-says-these-2-levels-are-key-for-btc">Read the full article here.</a>
Dogecoin Could See A 60% Move
Cryptocurrency analyst Ali Martinez projected a 60% price move for Dogecoin once it breaks free from a symmetrical triangle pattern. This pattern typically indicates a period of consolidation in the market before a potential breakout or breakdown.
<a href="https://www.benzinga.com/crypto/25/06/46020265/dogecoin-could-see-a-60-move-if-it-breaks-out-of-this-range-says-analyst-but-what-determines-its-direction">Read the full article here.</a>
Elizabeth Warren&#8217;s Warning on Stablecoins
Sen. Elizabeth Warren (D-Mass.) warned that stablecoin legislation could enable billionaires like Elon Musk and Jeff Bezos to exploit user data and engage in unfair trade practices. She argued that the GENIUS Act has a major loophole that allows Big Tech and major retailers to issue their own stablecoins.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45965853/elizabeth-warren-says-billionaires-like-jeff-bezos-and-elon-musk-will-track-your-purchases-if-allowed-to-launch-stablecoins-and-stick-you-with-the-bill-when-it-blows-up">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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

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

Cryptocurrency

Crypto-Friendly Startup Bank, Circle's Stock Surge And More: This Week In Crypto

Pakistan has announced plans to nominate President Donald Trump for the Nobel Peace Prize, citing his role in easing tensions between nuclear-armed neighbors India and Pakistan.
The proposal follows Trump&#8217;s unexpected declaration of a ceasefire in May, which came during a four-day standoff between the two South Asian rivals, <a href="https://www.aljazeera.com/news/2025/6/21/pakistan-to-nominate-genuine-peacemaker-trump-for-nobel-peace-prize" target="_blank" rel="noreferrer noopener">reports</a> Al Jazeera.
His intervention, Islamabad claims, helped de-escalate a situation that risked spiraling into war.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/04/45003238/trump-says-he-may-deserve-a-nobel-peace-prize-for-this-reason" rel="noreferrer noopener">Trump Says He May Deserve A Nobel Peace Prize For This Reason</a>
Islamabad praised Trump&#8217;s diplomatic approach, hailing his &#8220;strategic foresight&#8221; in engaging both capitals during the crisis.
According to a <a href="https://x.com/GovtofPakistan/status/1936159807326900577" target="_blank" rel="noreferrer noopener">statement </a>on X, the Pakistani government described Trump as a &#8220;genuine peacemaker&#8221; whose dialogue-driven strategy demonstrated a commitment to global stability.
However, India has challenged that narrative, maintaining that the ceasefire was a direct result of mutual military agreement and not foreign mediation.
New Delhi reaffirmed its position that it does not and will never accept third-party involvement in its disputes with Pakistan.
While Trump has frequently claimed he prevented a nuclear war and saved countless lives, his remarks have often been accompanied by frustration over what he sees as a lack of recognition, the report reads.
In a recent social media <a target="_blank" href="https://truthsocial.com/@realDonaldTrump/posts/114717932061341718" rel="noreferrer noopener">post</a>, he listed several conflicts he said he resolved, including the Abraham Accords and Indo-Pak tensions, quipping that &#8220;I won&#8217;t get a Nobel Peace Prize no matter what I do.&#8221;
The Nobel talk arrives as Pakistan&#8217;s top military officer, Field Marshal Asim Munir, dined with Trump at the White House—an unusual invitation while Pakistan&#8217;s civilian government remains in office.
Aljazeera adds that analysts believe the move may be aimed at currying favor with Trump, who remains a significant figure in global politics, especially as speculation swirls around his foreign policy intentions should he return to office.
Still, the nomination has sparked backlash within Pakistan.
Prominent journalist Talat Hussain criticized the move, pointing to Trump&#8217;s outspoken support of Israeli military actions in Gaza and aggressive rhetoric on Iran. &#8220;Israel&#8217;s sugar daddy in Gaza… isn&#8217;t a candidate for any prize,&#8221; Hussain wrote on X.
While some observers frame the nomination as shrewd realpolitik, others see it as pandering to Trump&#8217;s ego—a diplomatic gamble with mixed domestic reception.
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Image: Shutterstock/Bertil Jonsson

Pakistan Will Nominate 'Genuine Peacemaker' Trump for Nobel Peace Prize

The tech world was abuzz over the week with a variety of stories, each more intriguing than the last. From potential acquisitions to massive data leaks, the weekend was anything but dull. Here&#8217;s a quick roundup of the top stories that shaped the tech landscape over the weekend.
Apple Considers Acquisition of Perplexity AI
Top executives at&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;have reportedly been discussing the potential acquisition of Perplexity AI. Adrian Perica, Apple&#8217;s head of M&amp;A, has been floating the idea with senior leaders, including services chief Eddy Cue, according to Bloomberg.
<a href="https://www.benzinga.com/markets/tech/25/06/46041473/apple-eyes-perplexity-ai-acquisition-while-facing-shareholder-lawsuit-over-exaggerated-ai-progress-report">Read the full article here.</a>
Massive Data Leak Exposes Billions of Login Records
A massive data leak has exposed over 16 billion login credentials tied to platforms like Apple, Google, and Facebook. This marks one of the most extensive exposures of personal data in history, according to cybersecurity researchers.
<a href="https://www.benzinga.com/markets/tech/25/06/46016990/apple-google-and-facebook-among-services-exposed-in-massive-leak-of-more-than-16-billion-login-records">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/06/45990957/trump-mobile-plans-to-launch-499-t-1-phone-made-in-the-usa-but-expert-says-you-dont-have-the-employe" target="_blank" rel="noreferrer noopener">Trump Mobile Plans To Launch $499 &#8216;T-1 Phone&#8217; Made In The USA: But Expert Says &#8216;You Don&#8217;t Have The Employees That Can Do It&#8217;</a>
Apple to Use AI for Speeding Up Custom Chip Design
Apple is reportedly exploring the use of generative artificial intelligence to accelerate the development of its custom chips. This was revealed by Johny Srouji, Apple&#8217;s senior vice president of hardware technologies, during a speech in Belgium last month.
<a href="https://www.benzinga.com/markets/tech/25/06/46010207/apple-hardware-executive-says-iphone-maker-plans-to-use-ai-for-speeding-up-custom-chip-design-high-potential-in-getting-more-design-work-in-less-time">Read the full article here.</a>
Apple Avoids $300 Million Patent Penalty
Apple has managed to dodge a $300 million patent infringement penalty after a federal appeals court ruled that faulty jury instructions violated the tech giant&#8217;s constitutional rights in its dispute with patent licensing firm Optis Cellular Technology.
<a href="https://www.benzinga.com/news/legal/25/06/45989818/apple-dodges-300-million-patent-penalty-as-appeals-court-cites-jury-instruction-errors-in-lte-dispute-with-optis">Read the full article here.</a>
Apple Extends iOS 26 Feature to Third-Party Apps
Apple is reportedly extending one of iOS 26&#8217;s new features—animated album art on the lock screen—to third-party music and audio apps. This breaks its exclusive tie to Apple Music.
<a href="https://www.benzinga.com/markets/tech/25/06/45942472/apple-opens-ios-26-lock-screen-animation-to-spotify-and-other-third-party-music-apps-report">Read the full article here.</a>
Photo courtesy: jamesteohart / Shutterstock.com
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>

Apple's Potential AI Acquisition, Massive Data Leak, And More: This Week In Appleverse

A plot of land neighboring Jeff Bezos&#8216; property in Miami was sold for a staggering $105 million. The undeveloped lot was sold <a href="https://www.benzinga.com/news/24/01/36631415/this-amazon-applicants-interview-answer-earned-her-a-seat-3-feet-away-from-amazons-bezos">by German investor Mikhail Peleg.</a>
What Happened: The sale of the property on Indian Creek Island has set a new record for this ultra-exclusive location. The buyer of the property remains anonymous, but the transaction was made in cash, as per Forbes.
Peleg, a resident of Switzerland, bought the approximately 2-acre&nbsp;land in 2018 for $27.5&nbsp;million. Although he initially planned to build on the plot, the project was eventually abandoned. 
&#8220;When&nbsp;I purchased this property in&nbsp;2018, it was the highest&nbsp;sale price on the market,&#8221; Peleg told the <a href="https://nypost.com/2025/06/20/real-estate/mikhail-peleg-sold-his-jeff-bezos-adjacent-lot-for-105m/">outlet</a>. 
&#8220;People&nbsp;told me I was overpaying,&nbsp;that it wasn't a smart&nbsp;investment. But I saw the&nbsp;long-term potential in both the&nbsp;land and the vision we&nbsp;had for the property.&#8221;
The property, located&nbsp;at 9 Indian Creek Island&nbsp;Road, was&nbsp;listed for $200 million late&nbsp;last year. It drew attention due to its proximity to properties owned by Bezos. 
Also Read: <a href="https://www.benzinga.com/general/entertainment/25/05/45601150/jeff-bezos-called-out-in-hunts-point-acts-like-he-owns-hunts-point-not-much-of-a-neighbor-busy-with-national-stuff">Jeff Bezos Called Out in Hunts Point: &#8216;Acts Like He Owns Hunts Point,&#8217; &#8216;Not Much of a Neighbor,&#8217; &#8216;Busy With National Stuff&#8217;</a>
The final sales price of $105 million&nbsp;sets a new record for&nbsp;Indian Creek Island,&nbsp;just $15 million shy of&nbsp;Miami's most expensive home sale.
Why It Matters: Indian Creek Island is renowned for its exclusivity, with access heavily restricted. 
The island is home to high-profile residents such as Tom Brady, Carl Icahn, and Jared Kushner and Ivanka Trump.
The record-breaking sale price of this property underscores the high demand for real estate in this exclusive location, despite the high costs. 
The sale also highlights the potential for significant returns on investment in the luxury real estate market, as demonstrated by Peleg&#8217;s substantial profit from his 2018 purchase.
Read Next
<a href="https://www.benzinga.com/news/24/12/42715900/jeff-bezos-neighbor-lists-vacant-miami-lot-for-200-million-after-buying-it-for-just-27-5m">Jeff Bezos&#8217; Neighbor Lists Vacant Miami Lot For $200 Million After Buying It For Just $27.5M</a>
Image: Shutterstock/lev radin

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

The past week was a rollercoaster ride for the financial world. From&nbsp;Elon Musk&#8216;s dire warnings about the U.S. debt to&nbsp;Jerome Powell&#8216;s firm stance on interest rates, the week was filled with significant events that could shape the future of the global economy. Here&#8217;s a quick recap of the top stories.
Musk Warns Of &#8216;De Facto&#8217; Bankruptcy
Billionaire entrepreneur Elon Musk, CEO of&nbsp;Tesla Inc., raised concerns about the U.S. fiscal outlook. Musk warned that the U.S. is on the brink of &#8220;de facto bankruptcy&#8221; as the federal debt surpasses $37 trillion, with interest payments now accounting for a quarter of all tax revenue.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45988656/elon-musk-warns-us-faces-de-facto-bankruptcy-if-37-trillion-debt-not-tackled-peter-schiff-says-we-are-already-bankrupt">Read the full article here.</a>
Powell Holds Steady On Interest Rates
Federal Reserve Chair Jerome Powell defended the decision to keep interest rates unchanged, citing easing inflation and trade and geopolitical risks. Despite three consecutive months of positive inflation data, Powell stated that inflation is still running somewhat above the Fed&#8217;s 2% longer-run objective.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46006680/powell-holds-line-on-interest-rates-blames-tariff-uncertainty-for-delay-in-cuts">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/analyst-color/25/06/45888833/mcdonalds-just-got-hammered-by-weight-loss-drugs-twice" target="_blank" rel="noreferrer noopener">McDonald&#8217;s Just Got Hammered By Weight-Loss Drugs — Twice</a>
Swiss Interest Rate Hits Zero
The Swiss National Bank cut its benchmark interest rate to 0%, the lowest level since 2022. This move amplifies the gap between U.S. and Swiss rates to record highs, influenced by declining inflationary pressure and a deteriorating global economic outlook.
<a href="https://www.benzinga.com/markets/eurozone/25/06/46015245/switzerland-interest-rate-reaches-0-gap-with-fed-funds-soars-to-historic-levels">Read the full article here.</a>
Rate Cut Odds Amid Middle East Tensions
Economist Jon Faust, a former senior advisor to Fed Chair Jerome Powell, suggested that the ongoing conflict in the Middle East could significantly alter the equations surrounding a rate cut. Faust believes that the Israel-Iran tensions could potentially tip the U.S. economy into a slowdown.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/06/45944853/rate-cut-odds-50-50-amid-israel-iran-conflict-says-jerome-powells-ex-advisor-jon-faust">Read the full article here.</a>
Powell Blames Tariffs For Inflation
Jerome Powell, during his press conference, attributed the rise in the inflation median forecast to the effects of tariffs. This statement has left analysts divided, with some believing that the central bank is overplaying the inflation story.
<a href="https://www.benzinga.com/markets/economic-data/25/06/46011863/jerome-powell-blames-trump-tariffs-for-inflation-analyst-claps-back-says-fed-is-overplaying-the-card">Read the full article here.</a>
Read More:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45988475/us-military-action-on-iran-odds-rise-on-crypto-betting-site-polymarket-as-trump-demands-unconditional-surrender" target="_blank" rel="noreferrer noopener">US Military Action On Iran? Odds Rise On Crypto Betting Site Polymarket As Trump Demands ‘Unconditional Surrender'</a></li>
</ul>
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/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Economics

Musk's Debt Warning, Powell's Rate Stance And More: This Week In Economics

The week was abuzz with political and business news, with headlines dominated by the ongoing legal battle between California and the Trump administration, escalating tensions between Iran and Israel, and Elon Musk&#8217;s decision to step away from politics. Here&#8217;s a quick recap of the top stories.
California vs. Trump: The National Guard Dispute Intensifies
California&#8217;s legal conflict with the Trump administration over the deployment of military forces in Los Angeles has taken a new turn. An appeals court decision has provided Trump with a procedural advantage, allowing him to maintain control over the National Guard troops he deployed amid protests against immigration raids.
<a href="https://www.benzinga.com/news/politics/25/06/46041458/california-trump-legal-battle-over-national-guard-deployment-escalates-after-court-ruling">Read the full article here.</a>
Iranian Official Calls on Trump to End Conflict with Israel
An Iranian official has stated that diplomacy with the U.S. could resume instantly—if Donald Trump ordered Israel to stop bombing Iran. Majid Farahani, an official with Iran&#8217;s presidency, said the U.S. holds the key to ending the escalating conflict between Iran and Israel.
<a href="https://www.benzinga.com/news/politics/25/06/46041289/trump-could-stop-this-war-with-one-phone-call-says-iranian-official-as-tehran-warns-us-of-retaliation-if-conflict-with-israel-escalates">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/06/46022419/elon-musk-says-cleaning-up-government-is-like-picking-up-trash-on-a-beach-before-a-thousand-foot-ai" target="_blank" rel="noreferrer noopener">Elon Musk Says Cleaning Up Government Is Like Picking Up Trash On A Beach Before A Thousand-Foot AI Tsunami Hits—And That&#8217;s Why He&#8217;s Done With Politics</a>
Elon Musk Steps Away from Politics
Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), has announced that he&#8217;s done with politics. Speaking at the AI Startup School by Y Combinator, Musk described his brief stint in the federal government as a "side quest" that quickly proved less impactful than his core mission, which is building transformative technologies.
<a href="https://www.benzinga.com/news/politics/25/06/46022419/elon-musk-says-cleaning-up-government-is-like-picking-up-trash-on-a-beach-before-a-thousand-foot-ai-tsunami-hits-and-thats-why-hes-done-with-politics">Read the full article here.</a>
Trump Applauds Senate&#8217;s Passing of Stablecoin Legislation
President Donald Trump has praised the Senate's passing of the stablecoin legislation, urging Congress to get it to his desk without delays. In a Truth social post, Trump said that the "incredible" GENIUS Act would position the U.S. as the "undisputed" leader in digital assets.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46009971/trump-cheers-incredible-stablecoin-bill-passed-by-senate-get-it-to-my-desk-asap-no-delays">Read the full article here.</a>
Musk Responds to Trump&#8217;s Drug Accusations
In response to Trump&#8217;s &#8216;big-time drug addict&#8217; jibe, Elon Musk posted laboratory results showing negative drug test results for over 20 substances, including cocaine, opiates, and cannabinoids. Musk shared the lab report with a simple "lol" comment.
<a href="https://www.benzinga.com/news/politics/25/06/45968031/elon-musk-claps-back-at-trumps-big-time-drug-addict-jibe-says-he-tested-negative-for-over-20-substances">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/news/politics/25/06/46041289/trump-could-stop-this-war-with-one-phone-call-says-iranian-official-as-tehran-warns-us-of-retaliation-if-conflict-with-israel-escalates" target="_blank" rel="noreferrer noopener">Trump Could Stop This War With One Phone Call, Says Iranian Official As Tehran Warns US Of Retaliation If Conflict With Israel Escalates &#8211; Benzinga</a>
Photo courtesy: Maxim Elramsisy / Shutterstock.com
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>

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