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J-Long Group

J-Long Group Ltd is an established distributor in Hong Kong of reflective and non-reflective garment trims including, among others, heat transfers, fabrics, woven labels and tapes, sewing badges, piping, zipper pullers and drawcords. It also offers a wide range of apparel solution services to cater to its customers' needs for reflective and non-reflective garment trims, ranging from market trend analysis, product design and development and production to quality control. The company operates in Asia (excluding other than Hong Kong and China), Hong Kong, China, and Others (Non-Asian).

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If you've ever spent your 20s pulling all-nighters, racking up student debt, and delaying every ounce of fun in the name of "the grind," you'll probably relate to one doctor's dilemma.&nbsp;
After years of sacrifice, delayed gratification, and living on hospital coffee, he finally made it. He's wealthy. He owns a home just outside a high-cost-of-living area. He drives the same car he had in residency. And now, he's thinking about getting married. But there's a catch.
As he explained in a <a href="https://www.reddit.com/r/Rich/comments/1hbciv6/marriage_versus_staying_single_from_rrich/?utm_source=share&amp;utm_medium=mweb3x&amp;utm_name=mweb3xcss&amp;utm_term=1&amp;utm_content=share_button">post on the Rich subreddit</a>, he spent "the best years of his life in medical training," and now he's wondering if tying the knot is financially wise—especially since, statistically, his future wife will likely earn less than he does. If things don't work out, he asked, what would that mean for his wealth? Could everything he built during his youth—while his peers were partying and traveling—end up divided?
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"Statistically, my future wife would make less income," he wrote, "so if it doesn't work out, what's my outlook financially?"
The responses poured in, and they weren't just from armchair philosophers. Many had the net worth—and experience—to back up their opinions.
One Redditor, also wealthy and in his thirties, put it simply: "Marriage only really works if you're both all in… the best protection you can have in marriage isn't a prenup, it's choosing a wife that values you and making sure you always value your wife."
Another added that fears of "giving half your money away" are missing the full picture. "If your spouse makes sacrifices in their life to ensure that you reach your earning potential… they are adding immense value to your life." He noted his own experience as a stay-at-home partner while his spouse advanced professionally, calling it a mutually beneficial trade-off, not a financial liability.
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Some responses were more blunt. "People who don't get married for fear of losing money are straight up pathetic," one user wrote. Another pointed out, "Most wealthy people are married. They have all this money, and they make it work. Only the poor and the middle class talk about marriage like it is financial doom."
That said, even the pro-marriage crowd didn't dismiss the financial risks. Several urged the doctor to get a prenup and to set up legal structures to protect separate assets. "Sign a prenup. Keep personal assets in a Separate Property Trust. Do your homework ahead of time," one advised. Others warned that even long-term cohabitation can lead to legal entanglements depending on the state.
There was also discussion around the idea that dual-income couples tend to build more wealth. The doctor's concern, however, wasn't about pooling resources—it was about potentially losing a chunk of his solo-built fortune if things went south with someone who earns far less or stays home.
So is it true that wealthy people who marry end up better off?
Statistically, yes. <a href="https://pubs.aeaweb.org/doi/pdfplus/10.1257/mac.20180092">Married couples tend to accumulate more wealth</a> than single people, largely because of shared expenses, tax advantages, and financial accountability. But that assumes <a href="https://www.benzinga.com/personal-finance/25/03/44173728/are-you-a-rich-couple-heres-the-net-worth-you-need-to-be-wealthier-than-95-of-households">both partners are working together toward shared goals</a>. When income is lopsided or one person walks away from their career to support the household, that dynamic gets more complex—and divorce can be costly.
See Also: Have $100k+ to invest? Charlie Munger says that's the toughest milestone — don't stall now. <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Get matched with a fiduciary advisor and keep building</a>
Most people who divorce take a financial hit, with <a href="https://soloparentmag.com/surprise-women-not-men-are-the-big-financial-losers-in-divorce/">women historically faring worse</a>. But in high-net-worth situations, particularly when one party is the primary breadwinner, the burden can fall heavily on the higher earner—unless there's a solid prenup, separate trusts, or postnup arrangements in place.
In short, yes—there are ways to protect yourself. But they have to be set up properly, with legal advice, and ideally well before anyone walks down the aisle. One Redditor summed it up like this: "If people are worried about a wife taking half their money, then get a pre-nup. The right wife should push you to be better and bring out the best in you too."
The thread wasn't without cynicism, but the overall takeaway was clear: the money matters—but who you choose matters more.
Still, for anyone considering marriage with serious assets on the line, <a href="https://www.benzinga.com/money/smartasset">consulting a financial advisor</a> and a family law attorney isn't just smart—it's essential. Because no matter how romantic your intentions are, "what's mine is yours" feels very different once lawyers get involved.
And for this doctor? Maybe the real diagnosis is that wealth can protect a lifestyle—but not a relationship. That part still requires risk.
Read Next: 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://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Image: Shutterstock

Personal Finance

Doctor Says He Sacrificed His 20s To Build Wealth — Now He's Asking Other 'Rich' Men If Marriage Is Worth the Risk When She Makes Less Money

Jeff Bezos, the Amazon.com, Inc. founder, once revealed that quality rest and fewer, smarter decisions—not hustle culture—are the keys to long-term leadership success.
<h2 class="wp-block-heading">Bezos On Prioritizing Sleep And High-IQ Mornings</h2>
In a 2018 interview with billionaire investor David Rubenstein, Bezos explained why he structures his day around rest, family time, and high-quality decision-making.
"I like to putter in the morning," Bezos said, adding he reads the newspaper, drinks coffee and has breakfast with his kids.&nbsp; This is because he values mental clarity; he schedules all his mentally demanding meetings for 10 a.m. and avoids major decisions after 5 p.m.
Bezos also stressed the importance of sleep, saying he gets eight hours a night whenever possible. "I think better, I have more energy, and my mood is better," he said. "As a senior executive, you get paid to make a small number of high-quality decisions," adding that he doesn't think a person in his position should risk lower quality by being tired.
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<h2 class="wp-block-heading">Buffett's Philosophy: Fewer, Smarter Choices</h2>
Bezos cited Berkshire Hathaway CEO Warren Buffett's minimalist decision-making style as a model: "Warren Buffett says he's good if he makes three good decisions a year," adding, "I make like three good decisions a day."
He also said that Amazon's senior leaders operate with a long-term mindset and are already working on strategies that will materialize in future quarters.
"That quarter was baked three years ago," Bezos remarked when complimented on strong results. "I'm working on a quarter that'll show in 2021," he said during the interview in 2018.
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<h2 class="wp-block-heading">A Stark Contrast With Elon Musk's Approach</h2>
Bezos' philosophy <a href="https://www.benzinga.com/news/23/05/32392915/sleepless-billionaire-ceos-do-you-get-more-sleep-than-elon-musk-and-jeff-bezos">stands in sharp contrast</a> with Tesla Inc. CEO Elon Musk, who has said he works over 120 hours a week and gets just six hours of sleep a night. Musk's sleep-deprived grind has become legendary—but it's not without risks.
Medical research, including a 2017 study in the journal Annals of Neurology, shows that sleep deprivation can impair decision-making and increase risk-taking.
Bezos joins a group of successful figures, including Albert Einstein and Winston Churchill, who championed sleep as essential. While hustle culture persists, his message is clear: Great leadership isn't about burning out—it's about being present, sharp, and forward-thinking.
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Photo: Lev Radin / Shutterstock.com

News

Jeff Bezos Once Said Great Leaders Need More Sleep, Not More Hours — Amazon Founder Then Explained His Point Using This Warren Buffett Rule

In the wake of President Donald Trump&#8216;s allegations of treason against former President Barack Obama, Vice President JD Vance has predicted a wave of indictments.
What Happened: On Sunday in an interview <a href="https://www.foxnews.com/video/6376764434112">with </a>Fox News, Vance shared his forecasts, weighing in on Trump's allegations and the possible fallout from the Epstein files.
Director of National Intelligence Tulsi&nbsp;Gabbard has presented documents&nbsp;to the Department of Justice,&nbsp;claiming that officials from Obama&#8217;s administration intentionally associated Russian interference in the 2016 presidential election with Trump. 
Gabbard challenges the intelligence community&#8217;s statement that Russia favored a Trump victory, a claim contradicted by both House and Senate investigations.
Trump has demanded that Obama be prosecuted. In response, Vance said, &#8220;I absolutely want to see indictments. Look, of course, you've got to have the law follow the facts here. You don't just indict people to indict people. You indict people because they broke the law. But if you look at what Tulsi and&nbsp;Kash Patel&nbsp;have revealed in the last couple of weeks, I don't know how anybody can look at that and say that there wasn't aggressive violations of the law,"&nbsp;
Also Read: <a href="https://www.benzinga.com/news/politics/25/07/46650646/ex-cia-officer-refutes-gabbards-claim-against-obama-we-had-intel-to-show-that-specific-goal-of-russians-was-to-get-trump-elected">Ex-CIA Officer Refutes Gabbard&#8217;s Claim Against Obama: &#8216;We Had Intel To Show That Specific Goal of Russians Was To Get Trump Elected&#8217;</a>
He also alleged that intelligence officials were circulating talking points from Hillary Clinton&#8216;s campaign to voters.
Vance voiced his opposition to this alleged manipulation, saying, &#8220;I absolutely think they broke the law. You're gonna see a lot of people get indicted for that. Here's the thing that should really bother the American people. What do you want our intelligence community to be doing? I want them to be catching bad guys.&#8221; 
&#8220;I want to be making sure that terrorists aren't gonna kill innocent American civilians. I don't want them laundering Hillary Clinton's campaign talking points into the American media and giving them this air of legitimacy. It is sick and it's disgusting," Vance added.
Why It Matters: The allegations of treason and the potential indictments that could follow are significant. They highlight the ongoing tension and political divide in the country. 
The accusations also underscore the continuing controversy surrounding the 2016 presidential election and the alleged Russian interference. 
The potential indictments could have far-reaching implications for those involved and could further intensify the political climate.
Read Next
<a href="https://www.benzinga.com/news/23/10/35478375/former-obama-official-predicts-major-rift-between-trump-and-ivanka-how-long-is-it-going-to-take-dona">Former Obama Official Predicts Major Rift Between Trump And Ivanka: &#8216;How Long Is It Going To Take Donald Trump To Attack His Daughter?&#8217;</a>
Image: Shutterstock/Shutterstock AI

Politics

Vance Predicts Numerous Indictments Following Trump's Treason Accusations Against Obama

Bill Gates didn't just drive innovation—he drove the morning carpool, too.
Years before divorce headlines and billion-dollar settlements, Bill and Melinda Gates were <a href="https://www.benzinga.com/personal-finance/management/25/07/46428914/bill-gates-kids-wont-inherit-his-billions-now-his-ex-wife-is-doubling-down-on-tough-love">navigating life as two working parents</a> with a preschooler and a toddler. And while the world knew him as Microsoft's famously intense CEO, at home, he was quietly doing something far less expected: weekday kindergarten drop-off.
In a 2019 <a href="https://www.businessinsider.com/microsoft-bill-melinda-gates-drive-daughter-to-school-2019-4">interview with Business Insider</a>, Melinda Gates reflected on that chapter of their marriage. Their daughter Jennifer—now an accomplished equestrian and mother herself—was just starting school, and the couple had picked a campus that wasn't exactly around the corner.
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"It was a good drive away from our house," Melinda said. "And I was making the argument that there were going to be so many years of driving. Maybe we just wait and put her in that school when she was a little bit older."
But Bill wasn't having it.
"He was really quite adamant that he thought we should start then," she recalled. "And he said, ‘I'll drive them.' And I said, ‘You'll drive?'"
Yes—that Bill Gates. The one running one of the most powerful companies in the world. He committed to the commute, even though it meant a long loop back past home to make it to Microsoft headquarters.
And other parents noticed.
"A few weeks into the school year, some other moms sidled up to me and they said, ‘Hey, do you see what's changing in the classroom?'" Melinda said. "I'm seeing more dads dropping off kids," she replied. The moms nodded.
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"They're like, ‘Yeah, we went home and we told our husbands, If Bill Gates, who's the CEO of Microsoft right now, can drive his kid to school, so can you!'"
What started as a small family negotiation ended up shifting expectations—one Volvo at a time.
Melinda said she hadn't realized their household choices were quietly modeling a more equitable version of parenting. But they were. "By trying to create more balance in household chores," she noted, "we realized we were impacting other marriages."
That balance, she explained, was essential.
Melinda has spoken frequently about the toll of "unpaid" labor—things like doing dishes, packing lunches, or remembering dentist appointments—that often fall to women. "We still do family dishes," she added. "Last night was just Bill and me for dinner, and we did the dishes together."
At the time, they were still united in parenting their three children and navigating what Melinda described as a shared, values-driven home—despite having what she once called a "<a href="https://www.benzinga.com/personal-finance/25/01/42898261/bill-and-melinda-gates-say-they-raised-their-3-daughters-with-a-middle-class-upbringing-youre-not-allowed-to-tell-people-how-we-flew">very middle-class upbringing</a>" herself. The Gates children, meanwhile, were raised largely outside the spotlight, though Bill has quietly gifted them multimillion-dollar homes over the years—including buying up an entire block for Jennifer in Southern California.
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It was only in May 2021 that Bill and Melinda Gates announced their divorce, ending a 27-year marriage. The split reportedly came without a prenuptial agreement, though <a href="https://www.benzinga.com/personal-finance/25/03/44207591/bill-gates-is-a-divorced-grandpa-living-alone-in-gigantic-66000-sq-ft-home-but-wont-be-downsizing-i-cant-i-like-the-houses-i-have">settlement terms remain private</a>. What's clear is that, even amid extraordinary wealth, they once faced the same tug-of-war over routines, school schedules, and shared responsibility that many couples do.
And through it all, those morning drives paid off—not just for Melinda, who got a few mornings back, but for Bill, too.
"Bill and the kids cherished those moments in the car," she said. "Listening to music together, the conversations over many years that they had — it's a side of him that they might not have seen otherwise. It would've been a missed opportunity."
Turns out, the CEO of Microsoft didn't just shape the tech world—he helped shape a new kind of fatherhood. All before the first bell rang.
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Image: Shutterstock

Bill Gates Drove His Daughter to Kindergarten Daily — Melinda Says Moms Started Telling Their Husbands 'If CEO Of Microsoft Can…So Can You'

In a move that could redefine the way users interact with their iPhones,&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly developing an enhanced version of App Intents for Siri.
Bloomberg&#8217;s Mark Gurman, in his <a href="https://www.bloomberg.com/news/newsletters/2025-08-10/apple-app-intents-voice-control-feature-for-siri-apps-ios-26-release-timing?srnd=undefined">latest </a>&#8220;Power On" report revealed that the new feature will enable users to control their apps solely with their voice. This could encompass tasks such as locating specific photos, editing and sending them, commenting on Instagram posts, or even logging into services without the need to touch the screen.
The forthcoming App Intents feature is anticipated to be a game-changer, bringing to fruition&nbsp;the vision Siri promised nearly&nbsp;15 years ago. It is also integral to Apple&#8217;s future hardware developments, including a&nbsp;smart display set for next&nbsp;year and a tabletop robot&nbsp;thereafter.
Despite its potential, the development of this feature has encountered some hurdles. Engineers are reportedly grappling with ensuring the system is compatible&nbsp;with a sufficient number of&nbsp;apps and can accurately handle high-stakes scenarios, such as those&nbsp;in health or banking apps.
Apple intends to launch the feature alongside a broader Siri infrastructure overhaul in the spring and plans to heavily market it. 
Also Read: <a href="https://www.benzinga.com/markets/tech/25/08/46817762/apples-new-answers-team-developing-chatgpt-rival-iphone-17-pro-spotted-in-san-francisco">Apple&#8217;s New &#8216;Answers&#8217; Team Developing ChatGPT Rival, iPhone 17 Pro Spotted In San Francisco</a>
However, despite some internal apprehensions, testing is currently being conducted with select third-party apps, including Uber, AllTrails, Threads, Temu, Amazon, YouTube, Facebook, WhatsApp, and even a few games, in addition to Apple&#8217;s own apps.
The introduction of the new Siri voice-control feature underscores Apple&#8217;s commitment to enhancing user experience and staying ahead in the competitive tech landscape. 
This development could potentially revolutionize the way users interact with their devices, making them more accessible and user-friendly. However, the challenges faced in its development highlight the complexities involved in integrating voice-control features across various apps and ensuring their accuracy, particularly in high-stakes scenarios. 
This development is a testament to Apple&#8217;s innovative spirit and its relentless pursuit of technological advancement.
Read Next
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Tech

AAPL

Apple's New Siri Voice-Control Feature Could Revolutionize User Experience

Changpeng Zhao, the founder of the cryptocurrency exchange Binance, is seeking a pardon from President Donald Trump for money-laundering violations.
What Happened: Zhao has been out of prison for two years and is now pushing for a pardon,&nbsp;backed by a sophisticated influence&nbsp;operation. 
Zhao&#8217;s campaign is notable even in a time when many seeking pardons are paying substantial&nbsp;fees to lobbyists and lawyers&nbsp;with connections to President Trump.
The implications of Zhao&#8217;s pardon could be significant for the cryptocurrency industry.&nbsp;Zhao and his team are&nbsp;employing a variety of strategies that have previously helped wealthy interests secure preferential treatment from President Trump. 
Publicly, Zhao has praised the president&#8217;s crypto policies in podcast interviews.&nbsp;Behind the scenes, his team&nbsp;has hired lobbyists with ties&nbsp;to Trump&#8217;s circle.
As per the report <a href="https://www.nytimes.com/2025/08/09/us/politics/changpeng-zhao-pardon-trump.html">by </a>The New York Times, Binance&nbsp;has also fostered&nbsp;a business relationship with the&nbsp;Trumps, striking a deal that&nbsp;profited the family&#8217;s&nbsp;own crypto firm, World Liberty&nbsp;Financial. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46381943/trumps-crypto-firm-allegedly-received-covert-aid-from-binance-before-founders-pardon-plea">Trump&#8217;s Crypto Firm Allegedly Received Covert Aid From Binance Before Founder&#8217;s Pardon Plea</a>
Both&nbsp;Zhao and Binance pleaded guilty&nbsp;to serious crimes in 2023,&nbsp;admitting&nbsp;that a flawed compliance system&nbsp;allowed illicit&nbsp;actors to move money on&nbsp;the platform. However,&nbsp;the Trump administration appears to&nbsp;be considering the possibility of&nbsp;granting clemency.
The White House has received&nbsp;pardon applications from both Zhao and Binance, and according to sources, these applications are currently under review. 
The potential political fallout of a pardon for Zhao has been discussed among Trump&#8217;s advisors.
Democrats are worried that&nbsp;Trump will grant the pardons&nbsp;to reward Binance for directing&nbsp;business to World Liberty Financial,&nbsp;thereby&nbsp;paving the way for a&nbsp;more profitable partnership. Zhao has dismissed claims that Binance&#8217;s&nbsp;dealings with World Liberty are&nbsp;related to his pardon push.
Why It Matters: The pardon of Zhao could have far-reaching implications for the crypto industry. If granted, it could set a precedent for other crypto industry leaders facing similar charges. 
Additionally, it could potentially influence the Trump administration&#8217;s future policies on cryptocurrency. The pardon could also impact Binance&#8217;s business dealings, particularly its relationship with World Liberty Financial.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34663461/cryptos-next-frontier-binance-ceo-eyes-fiat-ramps-to-unlock-user-expansion">Crypto&#8217;s Next Frontier: Binance CEO Eyes Fiat Ramps To Unlock User Expansion</a>
Image: Shutterstock/Mehaniq

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

Cryptocurrency

Binance Founder Zhao Seeks Pardon From Trump For Money-Laundering Violations

President Donald Trump has leveled allegations against Rep. Nancy Pelosi (D-Calif.) and her husband Paul Pelosi, accusing them of leveraging insider information for stock market profits.
What Happened: Trump took to his Truth Social platform on Saturday to voice his criticism of the Pelosis&#8217; stock market activities.
He referred to Nancy Pelosi as a &#8220;disgusting degenerate&#8221; and hinted that the couple&#8217;s stock market success was a result of insider information.
&#8220;Crooked Nancy Pelosi, and her very &#8216;interesting&#8217; husband, beat every Hedge Fund in 2024. In other words, these two very average &#8216;minds&#8217; beat ALL of the Super Geniuses on Wall Street, thousands of them. It's all INSIDE INFORMATION! Is anybody looking into this???&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/115001339487533426">wrote</a>.
Trump&#8217;s remarks follow Pelosi&#8217;s recent backing of Senator&nbsp;Josh Hawley&#8217;s&nbsp;(R-MO) bill,&nbsp;now dubbed the HONEST Act. The proposed law seeks&nbsp;to ban members of Congress,&nbsp;the president, and the vice&nbsp;president from trading stocks. 
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/08/47020200/marjorie-taylor-greenes-palantir-bet-has-skyrocketed-142-since-she-bought-it">Marjorie Taylor Greene&#8217;s Palantir Bet Has Skyrocketed 142% Since She Bought It</a>
Pelosi, who has often been under fire for her profitable stock portfolio, expressed that &#8220;the&nbsp;American people deserve confidence that&nbsp;their elected leaders are serving&nbsp;the public interest — not&nbsp;their personal portfolios.&#8221;
Just last week, Pelosi dismissed any allegations regarding her stock trading as &#8220;ridiculous&#8221; during an interview on CNN&#8217;s The Lead.
Why It Matters: The allegations by Trump add fuel to the ongoing debate about the involvement of political figures in stock trading. 
The endorsement of the HONEST Act by Pelosi, who herself has been a subject of criticism for her stock market gains, signifies a shift in the stance of political leaders towards stricter regulations. 
However, the dismissal of the allegations by Pelosi indicates the complexity and sensitivity of the issue. As the debate continues, the outcome could have significant implications for the intersection of politics and finance.
Read Next
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Image: Shutterstock/Alexandros Michailidis

Trump on Pelosi's Investments: 'INSIDE INFORMATION,' 'Is Anybody Looking Into This?'

The use of generative AI in online shopping is on the rise, an Adobe Analytics <a href="https://blog.adobe.com/en/publish/2025/03/17/adobe-analytics-traffic-to-us-retail-websites-from-generative-ai-sources-jumps-1200-percent">survey</a> found. The survey, which was released in March, says that retail traffic from generative AI sources has been doubling every two months since last September.
While those numbers are still low when compared to other uses of generative AI, they've been steadily rising since 2024.
Of those polled by Adobe,&nbsp; 39% of respondents said they had used generative AI for online shopping, and 53% planned to do so at some point this year.&nbsp;
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Several established platforms have introduced fashion-related tools that are helping drive some of that traffic. <a href="https://www.benzinga.com/markets/tech/25/06/46138388/try-any-outfit-at-home-before-buying-google-drops-new-ai-app">Google has Doppl</a>, a tool that allows users to create an avatar of themselves to try on potential purchases. OpenAI launched an AI Agent that can shop for users on the web, among other things, and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is testing a similar feature with its own AI platform.
In addition to these bigger tools, a handful of fashion-oriented AI startups have popped up, revolutionizing personal style and cutting costs for retailers.
<a href="https://daydream.ing/auth/signin?returnTo=%2Fdiscover">Daydream</a> is a new addition to the fold. The platform aims to make online shopping easier by allowing users to search for items exactly the way they'd describe them to a friend. So instead of searching for something generic like "yellow dress" and then having to comb through thousands of options at varying price points, they can type in "revenge dress to wear to a party in Sicily in July" and get more tailored options.
Trending: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
According to <a href="https://www.cnn.com/2025/07/26/tech/daydream-ai-online-shopping">CNN</a>, the company has raised $50 million in its first round of funding, drawing contributions from Google Ventures and model Karlie Kloss. With over 8,000 brand partners, including major brands like Uniqulo and Gucci, the app is not reliant on ad-based rankings but rather highlights products because they're likely to be a good match for the customer.&nbsp;
<a href="https://www.fitmatch.ai/">Fit:Match</a> is another fashion AI startup in the space. The app uses a patented 3D technology to match users with clothing that flatters their body shapes. It aims to lower return rates by allowing users to see what an item will look like on them before they make a purchase. So far, the platform has <a href="https://unreasonablegroup.com/ventures/fit-match">raised over $15 million in funding</a> and is operating in 52 regions around the world.
Raspberry AI focuses on manufacturers rather than consumers, using generative AI to help brands make better decisions.
See Also: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
<a href="https://www.raspberry.ai/">Raspberry AI</a> is a platform built specifically for product design. Billing itself on its website as "the design assistant you deserve," the app can do everything from gathering and organizing trend research to creating 2D technical drawings and product images. Earlier this year, the company raised over $24 million in first-round funding and has partnered with H&amp;M, Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROCS#NASDAQ">CROCS</a>), and Loft.&nbsp;
Daydream founder Julie Bornstein told CNN that it will be startups like these, not the major tech giants, that take AI shopping to the next level.&nbsp;
"They don't have the people, the mindset, the passion to do what needs to be done to make a category like fashion work for (AI) recommendations," Bornstein said. "Because I've been in this space my whole career, what I know is that having the catalogue that has everything and being able to show the right person the right stuff is what makes shopping easier."
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Bringing AI To Fashion: These Startups Are Changing How We Approach Personal Style— And Cutting Costs For Retailers

Cathie Wood, the chief at ARK Investment Management, has offloaded approximately $28 million worth of Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares.
Wood&#8217;s funds have experienced a turbulent period recently, marked by severe losses and robust gains. Despite the market volatility, the flagship ARK Innovation ETF (ARKK) has seen a 29.7% increase year-to-date, significantly surpassing the S&amp;P 500&#8217;s 8.6% gain.
Wood&#8217;s investment approach centers around emerging high-tech companies specializing in areas such as artificial intelligence, blockchain, biomedical technology, and robotics. Despite the strategy causing major fluctuations in ARK funds&#8217; values, Wood maintains a bullish stance on the market.
Over the past week, Wood has been offloading Palantir shares as the stock reached&nbsp;a record high of $186.96&nbsp;on Aug. 8. The move follows Palantir&#8217;s strongest-ever second-quarter earnings report&nbsp;on Aug. 4. The stock&nbsp;has now risen 147.2% year to date.
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/08/47020200/marjorie-taylor-greenes-palantir-bet-has-skyrocketed-142-since-she-bought-it">Marjorie Taylor Greene&#8217;s Palantir Bet Has Skyrocketed 142% Since She Bought It</a>
Wood&#8217;s decision to sell likely indicates a strategy of capitalizing on profits while the stock is trading at high valuations, rather than a complete withdrawal, reports <a href="https://www.thestreet.com/investing/cathie-wood-sells-28-million-of-popular-ai-stock">The </a>Street. 
Even after the recent sales, Palantir remains one of Wood's top investments, comprising 5.04% of the ARK Innovation ETF. Wood&#8217;s decision to sell Palantir shares amidst record highs is a strategic move that aligns with her investment philosophy. 
By focusing on emerging high-tech companies, Wood has positioned ARK Investment Management to capitalize on the rapid growth and innovation in these sectors.
Despite the recent sale, Palantir remains a significant part of ARK&#8217;s portfolio, demonstrating Wood&#8217;s continued confidence in the company&#8217;s potential.
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ARK's Cathie Wood Sells $28 Million Palantir Shares at Record Highs

These ten large-cap stocks were the worst performers last week. Are they a&nbsp;<a target="_blank" href="https://www.benzinga.com/trading-ideas" rel="noreferrer noopener">part of your portfolio</a>?
<ol class="wp-block-list">
<li>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock lost 37.87% last week after the company reported second-quarter financial results. Multiple analysts lowered<a href="https://www.benzinga.com/trading-ideas/movers/25/08/47005487/the-trade-desk-stock-is-trading-lower-friday-whats-going-on" target="_blank" rel="noreferrer noopener"> price forecast on the stock.</a></li>
<li>Figma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) stock fell 21.88% last week amid continued volatility <a href="https://www.benzinga.com/markets/equities/25/08/46849775/this-vc-firm-turned-an-86-million-figma-bet-into-6-billion-payday-outperforming-silicon-valley-giants" target="_blank" rel="noreferrer noopener">following its recent IPO.</a></li>
<li>Gartner, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) stock decreased 30.82% last week after the<a href="https://www.benzinga.com/trading-ideas/movers/25/08/46871642/gartner-shares-plunge-over-27-despite-beating-q2-estimates-raising-buyback-authorization" target="_blank" rel="noreferrer noopener"> company issued soft FY25 guidance.</a></li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) stock slumped 23.95% last week after releasing second-quarter results. Multiple analysts lowered the <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46973473/fortinet-stock-is-trading-lower-thursday-whats-going-on" target="_blank" rel="noreferrer noopener">price forecast on the stock.</a></li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock declined 23.28% last week after the company reported worse-than-expected fourth-quarter financial results, issued first-quarter EPS and adjusted EPS guidance below estimates, and <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/08/46912374/super-micro-slumps-as-analysts-weigh-nvidia-ai-tailwinds-against-margin-pressures" target="_blank" rel="noreferrer noopener">cut its FY26 sales guidance.</a></li>
<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) stock fell 21.23% last week following the release of its second-quarter financial results. The company announced results from its Vx-993 Phase 2 trial. Additionally, several firms cut their respective <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46867571/weakness-in-vertex-stock-seen-as-buying-opportunity" target="_blank" rel="noreferrer noopener">price forecasts on the stock.</a></li>
<li>Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) stock slumped 19.58% last week after the company issued third-quarter <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47005729/twilio-q2-ai-ramp-analysts-ai" target="_blank" rel="noreferrer noopener">guidance below estimates.</a></li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) stock fell 18.88% last week after the company<a href="https://www.benzinga.com/trading-ideas/movers/25/08/46917021/snap-stock-is-falling-wednesday-whats-going-on" target="_blank" rel="noreferrer noopener"> announced a $500 million notes offering.</a></li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) stock decreased 17.67% last week after the company reported second-quarter results. Also, the firm announced topline results from the Phase 3 ATTAIN-1 trial evaluating <a href="https://www.benzinga.com/markets/earnings/25/08/46960692/eli-lillys-closely-watched-obesity-pill-orforglipron-shows-around-12-weight-loss-but-trails-novo-nordisk" target="_blank" rel="noreferrer noopener">orforglipron in adults with obesity.</a></li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) stock slumped 18.10% last week. The company received DOE approval to increase Calcasieu Pass LNG capacity from<a href="https://www.benzinga.com/pressreleases/25/08/b46844529/venture-global-calcasieu-pass-receives-uprate-approval-from-u-s-department-of-energy" target="_blank" rel="noreferrer noopener"> 12.0 to 12.4 million tonnes per annum.</a></li>
</ol>
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Gartner, Eli Lilly, And The Trade Desk Are Among Top 10 Large Cap Losers Last Week (August 4-August 8): Are The Others In Your Portfolio?

Iran has reportedly arrested 20 individuals, accusing them of espionage for Israel&#8217;s intelligence agency, Mossad, and has issued threats of execution.
What Happened: According to a report, Iran&#8217;s judiciary has detained 20 people on charges of spying for Mossad. Asghar Jahangiri, the Judiciary spokesperson, announced the arrests in Tehran, stating that there would be no mercy for the alleged spies.
Earlier this week, Rouzbeh Vadi, a distinguished Iranian nuclear scientist, was arrested and executed after being found guilty of spying for Israel. 
As per the report <a href="https://nypost.com/2025/08/09/world-news/20-alleged-mossad-spies-arrested-in-iran-amid-threat-of-execution-regime-says/">by</a> the New York Post, Vadi was blamed for leaking classified information about a colleague who was killed during the recent 12-day war between Israel and Iran.
Also Read: <a href="https://www.benzinga.com/news/politics/25/07/46264609/trump-reportedly-told-iran-it-was-ok-to-strike-back-after-us-attack-i-said-go-ahead-i-understand">Trump Reportedly Told Iran It Was OK To Strike Back After US Attack: &#8216;I Said, &#8216;Go Ahead, I Understand&#8221;</a>
Following the war and a subsequent ceasefire, Iran&#8217;s&nbsp;Parliament passed a bill in&nbsp;July, authorizing&nbsp;the death penalty for those&nbsp;found guilty of espionage, a crime&nbsp;previously punishable by life imprisonment. The law primarily targets activities associated with Israel and the U.S.
The regime of Ayatollah Ali&nbsp;Khamenei has executed at least eight individuals on espionage charges in recent months. 
Amnesty International has expressed concern over the increasing number of&nbsp;arbitrary executions and political repression&nbsp;in Iran.
Why It Matters: Iran has reportedly relocated its surviving nuclear scientists due to fears of further Israeli attacks. 
A senior Iranian official stated that these scientists are&nbsp;no longer permitted to teach&nbsp;or live in their family&nbsp;homes and have been&nbsp;moved to the capital or&nbsp;northern coastal cities.
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Image: Shutterstock/Anelo

Global

Twenty Suspected Mossad Spies Arrested in Iran

Shaquille O&#8217;Neal once opened up about the personal challenges he faced in the aftermath of his divorce, attributing his feelings of loneliness to his own mistakes. O&#8217;Neal has said that divorce from Shaunie Henderson left him <a href="https://www.benzinga.com/general/sports/24/11/42026306/nba-legend-shaqs-daughter-breaks-silence-on-dads-career-defying-family-expectations-its-a-no-go-for-me">struggling with the loss of family life</a>.
During <a href="https://www.youtube.com/watch?v=m3vozVLCYwo&amp;list=WL&amp;index=18">an</a> interview, he said that the quiet and emptiness of his 76,000 square foot mansion served as a stark reminder of the absence of his partner and the sporadic presence of his children.
&#8220;I don&#8217;t make excuses. I know I messed up and when I didn&#8217;t have that, I was lost. A 76,000 square foot house, by yourself lost, no kids. Go to the gym, nobody playing in the gym. You go to the room, nobody&#8217;s there, you start to feel it. And as you&#8217;re getting older and you hear, &#8216;Shaq ain&#8217;t Shaq no more,&#8221; O&#8217;Neal admitted.
Despite his successful career and substantial wealth, O&#8217;Neal found himself facing a crisis of fatherhood. &#8220;I said to myself, &#8216;Okay,&nbsp;you are not married, but&nbsp;you have to protect and&nbsp;provide for this family,&#8221; he stated, recognizing his need to step up as a parent.
Also Read: <a href="https://www.benzinga.com/general/sports/25/04/45027895/why-shaq-wont-share-his-500-million-fortune-with-his-kids-we-aint-rich-im-rich-im-not-going-to-hand-it-to-you-you-gotta-earn-it">Why Shaq Won&#8217;t Share His $500 Million Fortune With His Kids: &#8216;We Ain&#8217;t Rich. I&#8217;m Rich. I&#8217;m Not Going to Hand It to You, You Gotta Earn It&#8217;</a>
The early 2010s marked a time of transformation for O&#8217;Neal. He shifted his focus from being a basketball legend to being a consistent figure in his children&#8217;s lives. 
The Hall of Famer concedes that this period of solitude compelled him to reflect honestly on his actions and learn discipline, responsibility, and maturity.
O&#8217;Neal&#8217;s candid revelations shed light on the personal struggles faced by many individuals following a divorce, regardless of their public success or wealth. 
His journey of self-reflection and growth underscores the importance of family and the pivotal role of parenthood. It also serves as a reminder that personal transformation is possible, even in the face of adversity.
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Shaquille O'Neal Admits Family Mistakes Left Him Lonely in 76,000-Square-Foot Home: 'I Know I Messed Up And When I Didn't Have That, I Was Lost'

What does it take to achieve financial success? Each person has a different opinion, but the general idea of saving and investing holds true. The more you earn, save, and invest, the better you will do.&nbsp;
However, there are a few key signs that can help people gauge their financial health. Financial personality Humphrey Yang recently laid out a <a href="https://www.tiktok.com/@humphreytalks/video/7534769811155373342?lang=en">four-point checklist</a>. You'll either feel good about your finances after seeing this checklist or know what actions you have to take to put yourself in a better spot.&nbsp;
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<h2 class="wp-block-heading">You Can Cover A $1,000 Emergency Expense</h2>
Yang starts his checklist by saying that it's good if you can cover a $1,000 emergency expense. You never know when a surprise expense may show up, and it's better to use your checking account to pay it off than resort to a personal loan.
As a bonus, you can put the money in a high-yield savings account. That way, the money is growing at a respectable rate while generating risk-free returns.&nbsp;
Yang mentioned that 59% of people cannot pay a $1,000 emergency expense. If you are in that position, you may want to review your monthly expenses and look to put at least $100 per month into an emergency savings account. Picking up a short-term side hustle can also get you to the $1,000 threshold.
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<h2 class="wp-block-heading">You Have No High-Interest Rate Debt</h2>
Having no high-interest debt is another positive sign that your finances are in a good position. Interest compounds over time, but the compounding is limited if the APR is low. Most people have to take out mortgages to buy homes, and luckily, these financial products have relatively low rates.
Some people run into financial hardships if they don't address their credit card debt. These financial products are notorious for high APRs, especially if you have low credit or recently missed a payment. You may have to make short-term sacrifices like curtailing expenses and working a part-time job to get out of credit card debt. It's better to make short-term sacrifices so you can avoid long-term financial hardships.
<h2 class="wp-block-heading">Not Buying Designer Goods And Status Symbols</h2>
The things you purchase reflect what you think about money. Yang mentioned that it is a good financial sign if you do not have any designer goods or status symbols. These purchases make you look wealthy, but fancy cars and goods don't always equate to wealth.
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Yang said it is better to build wealth quietly. Instead of showing off with a designer bag, you can put that same money into the stock market. Index funds and ETFs make it easier to buy assets without knowing intricate details about individual stocks.&nbsp;
<h2 class="wp-block-heading">Saving Close To 15% Of Your Gross Income</h2>
Yang wrapped up his four-point checklist by saying that you should save close to 15% of your gross income. Investing money early and often gives it more time to grow.&nbsp;
If you aren't saving 15% of your gross income, you can start with your current percentage and inch it up by at least 1% per year. For instance, if you saved 10% of your gross income last year, aim to save 11% of your gross income this year. You can also boost your percentage by a higher amount if you earn extra money while keeping your living costs intact.&nbsp;
The 15% benchmark is a good starting point, but it's good to aim higher. Saving 20% to 25% of your gross income and putting it in retirement and brokerage accounts can result in a sizable nest egg by the time you retire.
Read Next: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
Image: Shutterstock

Humphrey Yang's Four-Point Checklist for Financial Success—How Many Do You Pass?

A caller from Oklahoma named Daniel reached out in an April <a href="https://www.youtube.com/watch?v=DIcu7c07veE">episode</a> of "The Ramsey Show" to ask whether he should halt contributions to his 401(k) because his church encouraged members to help finance a building project.&nbsp;
"If they said this, this is not biblical," career coach and author Ken Coleman replied, while personal finance expert and radio host Dave Ramsey advised that prioritizing church fundraising over financial stability is unwise.
<h2 class="wp-block-heading">Church Or Nest Egg</h2>
"Change churches if someone's doing this," Ramsey said, stressing the importance of maintaining financial priorities. Both hosts agreed that while scripture encourages generosity, it doesn't endorse reckless giving. Ramsey emphasized that faith-aligned financial planning means providing for one's future while supporting others responsibly.
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He went on to describe the caller's dilemma as potentially a "money grab" by the church—highlighting how some appeals for giving, if unchecked, can place unfair pressure on members to sacrifice their long-term financial health.
According to the <a href="https://www.newyorkfed.org/medialibrary/interactives/householdcredit/data/pdf/HHDC_2025Q2">Federal Reserve Bank of New York's</a> total U.S. household debt reached $18.39 trillion in the second quarter, up $185 billion, or 1%, from the first three months of the year. The high debt levels leave many households with limited flexibility for unexpected expenses or unplanned financial decisions.
Ramsey's stance aligns with his company's guidance: tithe faithfully, budget intentionally, and invest 15% of gross income toward retirement, as outlined in "<a href="https://everydollar.help.ramseysolutions.com/hc/en-us/articles/38482427143437-Baby-Step-4-Invest-15-of-Your-Household-Income-in-Retirement">Baby Step 4</a>" on the Ramsey Solutions website.
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<h2 class="wp-block-heading">Tithes Versus Offerings</h2>
Ramsey explains that a tithe is exactly 10% of income; anything beyond is an offering that should never derail personal solvency. "The Bible says you should save for your needs—in the house of the wise are stores of choice food and oil," he said, emphasizing the importance of diligence and financial preparedness.
That caution matters more than ever: <a href="https://www.bankrate.com/banking/savings/emergency-savings-report/">according</a> to Bankrate, only 46% of adults have enough savings to cover three months of expenses. Ramsey said, "Wise people save money," echoing Proverbs 21:20, and advised building an emergency fund before writing extra checks to any ministry.
See Also: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
<h2 class="wp-block-heading">Balancing Faith And Finance</h2>
Numbers underscore Daniel's tension. <a href="https://www.aboutschwab.com/schwab-401k-participant-survey-2025">Charles Schwab</a>'s "2025 Workplace Plan Participant Survey," conducted by Logica Research between April and May, found that just 34% of 401(k) participants feel very likely to meet their retirement goals, underscoring growing pessimism amid inflation. Participants expect to need $1.6 million for a 22-year retirement—an amount many say feels out of reach amid rising prices.
Despite economic concerns, the survey found only 11% have reduced their 401(k) contributions, most are trimming discretionary spending and opting for cheaper items instead. Ramsey applauded the discipline and advised listeners not to raid retirement accounts—even for church projects—emphasizing the long-term cost of interrupting compound growth.
Read Next: 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://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Image: Shutterstock

He Asked If He Should Skip Retirement To Fund His Church — Dave Ramsey Called It A Possible 'Money Grab'

A recent survey of North American CFOs shows a notable shift in attitude <a href="https://www.benzinga.com/money/crypto">when it comes to cryptocurrency,</a> with 99% of CFOs now seeing it playing a role in their business. No, that's not a typo, as massive adoption continues to take place.
The near-term outlook is changing too. According to a Deloitte <a href="https://www.deloitte.com/us/en/insights/topics/business-strategy-growth/2q-2025-cfo-signals-survey.html">survey</a>, nearly a quarter (23%) of CFOs expect their treasury departments to use crypto for payments or investments within the next two years. Among the biggest companies — those with $10B+ in revenue — that number jumps to almost 40%.
This doesn't mean everyone's <a href="https://www.benzinga.com/quote/BTC-USD">jumping into Bitcoin</a>. In fact, price volatility remains the top concern for executives, followed closely by accounting complexity and regulatory uncertainty. Still, there's growing interest in crypto.
So what does this mean for advisors? It's a great reminder that crypto is moving beyond speculative investing and into a more stable environment with institutions and major companies diving in — which should lessen volatility as more business and people adopt it.
There's also a generational layer. Millennials and Gen Z are already comfortable <a href="https://www.benzinga.com/topic/digital-assets">with digital assets.</a> If they see large, established companies legitimizing crypto — especially in everyday business use — that would shift their mindset even faster to making it more part of their lives.
This shift isn't happening overnight. But it is happening. And it's no longer just a tech trend — it's creeping into boardrooms, treasury departments, and enterprise balance sheets.
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Photo: Shutterstock

Financial Advisors

Crypto In The C-Suite? Why CFOs Are Finally Paying Attention

Tech billionaire and Palantir Technologies co-founder Peter Thiel was one of the early believers in Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) decentralized ethos and described the leading cryptocurrency as a &#8220;moderately big invention&#8221; not too long ago.
<h2 class="wp-block-heading">Bitcoin&#8217;s Rise Compared To Internet Boom</h2>
During the Joe Rogan Experience podcast, which aired August 2024, Thiel dubbed the $2 trillion asset a "pretty big deal" that was "systematically underestimated" in its first 10-11 years.
"It went up smoothly for 10-11 years, didn&#8217;t get repriced all at once," he said. "We are in a world where nothing big ever happens and so we have no way of processing it when something pretty big happens."
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Thiel, who also co-founded PayPal, compared the phenomenon to the Internet boom in the late 90's., stating, &#8220;Internet is really big. Bitcoin is moderately big."
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46918914/us-tariffs-on-asian-mining-rigs-slow-bitcoin-growth-as-firms-eye-canada-domestic-production">US Tariffs On Asian Mining Rigs Slow Bitcoin Growth As Firms Eye Canada, Domestic Production</a>
<h2 class="wp-block-heading">Is Bitcoin Still Underestimated?</h2>
A lot has changed for Bitcoin since Thiel made these observations.
Donald Trump's re-election and vocal support for Bitcoin spurred optimism and further capital inflows into the apex cryptocurrency. Earlier this year, Trump famously <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/46148904/donald-trump-says-bitcoin-takes-a-lot-of-pressure-off-the-dollar">said that BTC is helping relieve pressure</a> on the U.S. dollar and that it's "great" for the country.
Trump also <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">signed an executive order</a> to establish a Bitcoin national reserve, funded&nbsp;with BTC seized by the&nbsp;federal government.
Significant progress has also been achieved on the legislative front, with <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46484988/us-house-passes-crucial-crypto-bills-from-sec-chair-paul-atkins-to-coinbase-ceo-brian-armstrong-heres-how-everyone-reacted">key cryptocurrency bills</a>, aimed at establishing clear guidelines for the industry, passing in the Congress.
One would think Bitcoin is no longer "underestimated," as Thiel mentioned earlier.
<h2 class="wp-block-heading">Thiel&#8217;s Past Bets On Bitcoin</h2>
Thiel's venture capital firm, Founders Fund, has had a&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37087400/peter-thiels-founders-fund-bets-big-on-bitcoin-and-ether-with-200m-investment-report#google_vignette" target="_blank" rel="noreferrer noopener">significant history with Bitcoin.</a> The fund made $1.8 billion through Bitcoin investments just before the market collapsed in 2022. It then purchased another $100 million in Bitcoin in 2023, when it was trading below $30,000.
Thiel, who still holds some Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39569413/billionaire-peter-thiel-voices-skepticism-on-bitcoins-future-growth-im-not-sure-its-going-">expressed regret last year</a> for not purchasing more of the digital currency.
Price Action: At the time of writing, Bitcoin was trading at $114,657, up 0.58% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;The coin has surged over 100% in the last year.
Photo Courtesy: Mark Reinstein On Shutterstock.com
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$BTC

Peter Thiel Once Said Bitcoin Was 'Systematically Underestimated' For Years — Does This Still Hold True Today?

Tom Essaye, founder of Sevens Report, has raised concerns about a potential stock market bubble, driven largely by the artificial intelligence (AI) trade. 
What Happened: Essaye voiced his apprehensions regarding the health of the AI trade. Despite the S&amp;P 500 nearing all-time highs following a 28% rally since April, and a 57% gain since the announcement of ChatGPT in November 2022, the SOX index remains below its July 2024 highs.
The PHLX Semiconductor Index (SOX), Essaye suggests, is a key indicator of this looming threat, reports <a href="https://www.businessinsider.com/stock-market-crash-ai-bubble-signal-sox-semiconductor-index-sp500-2025-8">the </a>Insider. 
According to Essaye, this divergence in performance could signal an unhealthy market rally, largely fueled by the AI narrative. 
He warned that if the SOX index starts to decline significantly, the S&amp;P 500 is likely to follow suit. &#8220;Comparing the index&#8217;s performance to the S&amp;P 500 over the last couple of years shows this bull market in equities has a serious problem,&#8221; he said.
Further signs of a potential bubble include a weakening US economic outlook and poor job gains over the last few months, raising fears of a recession. 
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/08/47020200/marjorie-taylor-greenes-palantir-bet-has-skyrocketed-142-since-she-bought-it">Marjorie Taylor Greene&#8217;s Palantir Bet Has Skyrocketed 142% Since She Bought It</a>
Essaye emphasized the importance of closely monitoring economic data, as the S&amp;P 500&#8217;s rapid ~85% rally since October 2022 leaves the equity market vulnerable to significant downside, pending economic resilience.
The warning from Essaye comes at a time when the stock market has been on a tear, largely driven by the AI trade. The SOX index, which tracks semiconductor stocks, is a key barometer of the health of the AI trade. 
A significant decline in the SOX index could potentially signal a broader market downturn. This, coupled with a weakening US economic outlook and poor job gains, raises fears of a recession. 
Investors and market watchers would do well to heed Essaye&#8217;s advice and closely monitor economic data. 
The rapid rally of the S&amp;P 500 since October 2022 leaves the equity market vulnerable to significant downside, pending economic resilience.
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Strategist Warns Key AI Stock Index Is Flashing Bubble Warning: 'This Bull Market in Equities Has a Serious Problem'

For many, the era of work-life balance is coming to a close.&nbsp;
&#8220;The spillover from home life to work life is not of concern to bosses these days,&#8221; Yale management professor Jeffrey Sonnenfeld told <a href="https://www.businessinsider.com/companies-hardcore-era-employee-changes-att-memo-2025-8">Business Insider</a> recently. "It&#8217;s not the time to talk about what makes your creature comforts so different from everybody else&#8217;s, that somehow the company has to accommodate your needs.&#8221;
Within the last year, major companies like <a href="https://www.aboutamazon.com/news/company-news/ceo-andy-jassy-latest-update-on-amazon-return-to-office-manager-team-ratio">Amazon</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and <a href="https://www.reuters.com/business/finance/jpmorgan-asks-staff-return-office-five-days-week-march-memo-shows-2025-01-10/">JPMorgan Chase</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) enacted return-to-office mandates that required their employees to work in the office five days a week. <a href="https://www.businessinsider.com/bank-of-america-sends-employees-letters-return-to-office-2024-1">Bank of America </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) followed suit, requiring employees to work in person and sending so-called "letters of education" to those who were slow to comply.
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Now, these companies and dozens of others are taking things a step further, shifting their cultures from balanced to hardcore.&nbsp;
Take Amazon, for example. This summer, it announced it would be emphasizing performance metrics when it came to evaluating corporate employees going forward, according to internal communication obtained by <a href="https://www.businessinsider.com/amazon-stricter-performance-review-process-leadership-principles-2025-7">Business Insider</a>.&nbsp;
Similarly, a recent memo from AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) CEO John Stankey, which was addressed to managers and obtained by <a href="https://www.businessinsider.com/att-ceo-john-stankey-email-employee-feedback-survey-rto-policy-2025-8">Business Insider</a>, announced that big cultural changes were on the way.
The memo read, in part: "If the requirements dictated by [the return to office] dynamic do not align to your personal desires, you have every right to find a career opportunity that is suitable to your aspirations and needs…&nbsp; if a self-directed, virtual, or hybrid work schedule is essential for you to manage your career aspirations and life challenges, you will have a difficult time aligning your priorities with those of the company and the culture we aim to establish."
Trending: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
Experts tell Business Insider that those looking to stay employed or get ahead in their careers will have to adapt in this new era of hardcore work.&nbsp;&nbsp;
"If you are going to stay [at your workplace], you want to make sure that you are doing everything in your power to make it as enjoyable as possible,&#8221; Jennifer Moss, a workplace strategist and author of "Why Are We Here?" said. &#8220;It is a long life, and work plays a big role in our lifespan and our long-term health.&#8221;
She suggests building friendships with colleagues, using your lunch break to indulge in preferred hobbies, and spending time planning out your next career steps as ways to ensure you're maintaining some kind of balance.
See Also: Have $100k+ to invest? Charlie Munger says that's the toughest milestone — don't stall now. <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Get matched with a fiduciary advisor and keep building</a>
For those who aren't sure they can get on board with this new hardcore culture, MyPerfectResume career expert Jasmine Escalera suggests figuring out what aspects of your current role you'd be willing to give up in order to find a better fit.
&#8220;What are you willing to adjust in order to receive that?&#8221; she said to Business Insider.
Amanda Goodall, whose business, The Job Chick, provides workforce intelligence for investors and executives, also advises unhappy employees against jumping ship without a plan.
&#8220;Don&#8217;t walk out right now. The job market is not nice,&#8221; she told Business Insider. &#8220;You&#8217;ve got to play the game, unfortunately.&#8221;
Read Next: 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://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
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Work-Life Balance Is Out, Hardcore Culture Is In: How Experts Suggest You Adjust To The New Era Of Work

Investors are exhibiting growing concerns over the potential upheaval caused by artificial intelligence (AI) in various sectors. As a result, they are pulling out their investments from companies they perceive to be at risk.
What Happened: Companies such as&nbsp;Wix.com Ltd.,&nbsp;Shutterstock Inc., and&nbsp;Adobe Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) have been identified by Bank of America strategists as most susceptible to AI disruption. 
These firms have underperformed the S&amp;P 500 Index by roughly&nbsp;22 percentage points since mid-May, reports <a href="https://www.bloomberg.com/news/articles/2025-08-09/traders-are-fleeing-stocks-feared-to-be-under-threat-from-ai?srnd=homepage-Americas">the </a>Bloomberg. 
Daniel Newman, CEO of the Futurum Group told the outlet, &#8220;The disruption is real.&#8221; He further noted that service-based businesses with a high headcount are particularly vulnerable, even if they were successful in the previous tech era.
Investors&#8217; defensive stance is reflected in the performance of companies like Wix.com and Shutterstock, which have seen their shares drop by at least 33% in 2025. 
Adobe&#8217;s shares have also fallen by 23% due to fears that clients will turn&nbsp;to AI platforms that can&nbsp;generate images and videos.
According to the Morgan Stanley, the results "added fuel to the AI disruption case," while Baird was left "incrementally concerned AI risks are having an impact." 
Also Read: <a href="https://www.benzinga.com/markets/tech/25/08/46816127/meta-just-paid-250m-to-lure-this-24-year-old-ai-whiz-kid-a-strategic-move-or-a-power-play">Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play?</a>
"There are a lot of pockets of the market that could be basically annihilated by AI, or at least the industry will see extreme disruption, and companies will be rendered irrelevant," said Adam Sarhan, chief executive officer at 50 Park Investments. 
"Any company where you're paying someone to do something that AI can do faster and cheaper will be wiped out. Think graphic design, administrative work, data-analysis," he added. 
Why It Matters: Despite the growing anxiety about AI&#8217;s impact, some companies expected to be negatively affected by AI are thriving. 
For instance, language-learning app Duolingo Inc. has seen its stock double over the past year, partly due to its successful integration of AI into its strategy.
However, the defensive moves by investors underscore the dominant role AI has played in determining&nbsp;winners and losers in the&nbsp;stock market this year. 
Tech giants like&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FB#NASDAQ">FB</a>) are investing heavily in AI, further intensifying the market&#8217;s focus on this technology.
Read Next
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ADBE

MSFT

Investors Flee Companies Seen as Most at Risk From Artificial Intelligence

Dog-themed cryptocurrency Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) has seen a massive 643% increase in large holder netflows.
What Happened: According to data from IntoTheBlock, this surge indicates a bullish shift among the large holders or &#8216;whales&#8217; of Shiba Inu. A rise in large holder netflows typically signifies accumulation from these whales, which remains a positive sign.
This surge comes at a crucial time for Shiba Inu as it faces a significant&nbsp;test in its market momentum.&nbsp;The cryptocurrency&nbsp;is currently testing resistance at&nbsp;the 200-day SMA, currently at $0.00001371. 
To advance its bullish momentum, it needs to surpass this level and reach $0.000016 and then $0.00002.
As per the <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all">data</a>, after a seven-day&nbsp;drop to hit a low&nbsp;of $0.0000116 on July 28, Shiba Inu has rebounded since Aug. 2. The rally gained momentum on Aug. 6, with Shiba Inu managing to secure a position above the 50-day SMA at $0.00001277.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46508809/dogecoin-set-to-soar-2600-and-hit-1-trillion-market-cap-says-this-crypto-analyst">Dogecoin Set To Soar 2,600% and Hit $1 Trillion Market Cap, Says This Crypto Analyst</a>
Shiba Inu team member Lucie&nbsp;recently predicted an ultra-bullish market as the cryptocurrency world&nbsp;anticipates altseason, a period where&nbsp;alternative cryptocurrencies or&nbsp;altcoins outperform with large price&nbsp;jumps.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Altseason Watch – August 2025 The Altcoin Season Index sits at 39, signaling it's still Bitcoin Season. To officially enter altseason, the index must cross 75, with BTC dominance dropping below 60%. &#x1f538; Current BTC dominance: ~61% &#x1f538; Alt momentum: Building slowly across ETH,… <a href="https://t.co/reUBTg7KPP">pic.twitter.com/reUBTg7KPP</a>
&mdash; 
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$SHIB

Shiba Inu Witnesses Whopping 643% Surge in Large Holder Netflows

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