Whales have amassed almost 1 billion Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) within a span of 48 hours.



What Happened:&nbsp;Cryptocurrency trader and analyst Ali&nbsp;Martinez shared data on X indicating a substantial upswing in Dogecoin purchases. This buying frenzy was triggered by Musk&#8217;s recent remarks concerning the potential future slump of cryptocurrency prices.



The data shared by Martinez unveiled that Dogecoin whales have swiftly purchased over 470 million DOGE in the past two days. This surge in buying activity was concurrent with a 20% plunge in the price of Dogecoin, from $0.39620 to a low of $0.31648.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Whales bought over 470 million <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> in the last 48 hours! <a href="https://t.co/d7oPvnfB6o">pic.twitter.com/d7oPvnfB6o</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1877847135108092102?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Despite the intense accumulation, the data also revealed significant DOGE sales. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42804970/dogecoin-to-hit-one-dollar-milestone-this-year-says-this-analyst">Dogecoin To Hit One Dollar Milestone This Year, Says This Analyst</a>



On Friday, cryptocurrency tracker Whale Alert reported two large Dogecoin transactions sent to the U.S.-based crypto exchange Coinbase, presumably for sale.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f6a8; &#x1f6a8; 112,670,012 <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> (37,990,922 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a><a href="https://t.co/dO3pSbOMBa">https://t.co/dO3pSbOMBa</a>&mdash; Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1877672095313707118?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Elon Musk recently hinted on social media that&nbsp;the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Dogecoin, and other cryptocurrencies could significantly plummet&nbsp;in the next two years&nbsp;if dollar inflation is resolved. 



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If dollar inflation is solved, the price in dollars to buy cryptocurrency will actually drop, other things being equal. What matters is the ratio of dollars to crypto.&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1876567714594169283?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



This statement was made in the context of his role in&nbsp;the U.S. Department of Government&nbsp;Efficiency, which is focused on reducing excessive government spending.



Why It Matters: Despite the significant drop in Dogecoin&#8217;s price, these large investors are accumulating more of the cryptocurrency, perhaps anticipating a future rise in value.



However, the data also shows that there have been substantial sales of DOGE. This indicates that while some investors are bullish on Dogecoin&#8217;s future, others are taking advantage of the current market situation to cash out. 



As Musk&#8217;s role in&nbsp;the U.S. Department of Government&nbsp;Efficiency continues to evolve, his comments and actions will likely continue to sway the cryptocurrency market.



Read Next



<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42497156/dogecoin-poised-for-85-surge-as-whales-accumulate-130-billion-doge" target="_blank" rel="noreferrer noopener">Dogecoin Poised For 85% Surge As Whales Accumulate 130 Billion DOGE</a>

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News

$BTC

$DOGE

Dogecoin Whales Accumulate Nearly 1 Billion DOGE in Two Days After Elon Musk's Crypto Forecast

California&#8217;s $10 trillion residential property market is under siege as wildfires wreak havoc across the southern part of the state.



What Happened: The fires, which have already destroyed more than 5,000 buildings, pose a potential risk to the stability of the state&#8217;s insurance market.



A report <a href="https://www.bloomberg.com/graphics/2025-los-angeles-wildfires-insurance/?srnd=homepage-americas&amp;sref=TBDibEcD">by</a> Bloomberg said that the wildfires have struck three areas identified as particularly susceptible. One of these is the Pacific Palisades neighborhood in Los Angeles.



Michael Wara,&nbsp;a senior researcher and wildfire&nbsp;expert at Stanford University told the outlet, &#8220;Pacific&nbsp;Palisades really jumps out, even&nbsp;in the context of high-risk&nbsp;areas in California.&#8221;



As of Friday, more than 57,000 structures were in severe danger, and more than 150,000 people were under evacuation.  JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) estimated on Thursday that the insured damages could surpass $20 billion, making it the most expensive wildfire in US history.



Also Read: <a href="https://www.benzinga.com/news/25/01/42922091/spacex-apple-airbnb-and-more-companies-pitch-in-to-support-california-residents-after-wildfires-we-want-to-help">SpaceX, Apple, Airbnb And More Companies Pitch In To Support California Residents After Wildfires: &#8216;We Want To Help&#8217;</a>



The wildfires have sparked concerns about the future of insurance for&nbsp;homes in one of the&nbsp;world&#8217;s most valuable property markets. 



"This sustainable insurance strategy is built for events like this," Michael Soller, deputy commissioner of the Department of Insurance said. "It is intended to stabilize the insurance market for the long term."



Daniel Swain, a climatologist at the University of California, Los Angeles, said, &#8220;Could a single event cause insurers to become insolvent? That&#8217;s the great fear.&#8221;



The escalating departure&nbsp;of private insurers has left&nbsp;the state-backed insurer of last&nbsp;resort, the California FAIR Plan,&nbsp;in a precarious position. 



The FAIR Plan&nbsp;could be on the hook&nbsp;for billions, as&nbsp;it estimated its own exposure&nbsp;in the larger Pacific Palisades&nbsp;area at nearly $6 billion.



According to the report, the State Farm, California's largest insurer, reduced nearly 70% of its policies in a Pacific Palisades ZIP code last year, while FAIR saw its policy count in the same area surge by 85%. 



This shift has left FAIR potentially liable for billions. As of September, the plan estimated its exposure in the broader Pacific Palisades region at nearly $6 billion. 



However, its most recent public financial report from spring of last year revealed just $200 million in surplus cash reserves and $2.5 billion in reinsurance—coverage designed to protect insurers in catastrophic scenarios—leaving a significant gap in resources.



Insurers with significant exposure to California&#8217;s homeowners' market faced sharp declines on Friday, as the devastation caused by the Los Angeles wildfires escalated.



Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) shares plunged 6%, while Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) and Travelers Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) both dropped more than 3%, ranking among the biggest losers in the S&amp;P 500. Meanwhile, American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) and Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) saw declines exceeding 1%.



According to JPMorgan, Allstate, Chubb, and Travelers are the insurers most exposed to the financial impact of the wildfires. The firm highlighted that Chubb&#8217;s focus on high-net-worth clientele in the region could lead to particularly elevated exposure.



Why It Matters: The current wildfires and the looming insurance crisis underscore the increasing threat of climate change. With the fires continuing largely unchecked, many are left pondering&nbsp;if this event will permanently&nbsp;alter the relationship between climate&nbsp;risk and homes in California. 



The escalating crisis not only threatens the property market but also poses a significant risk to the state&#8217;s economy.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/entertainment/25/01/42888380/los-angeles-fires-shut-down-production-of-tv-shows-fallout-abbott-elementary-hacks-film-premieres-canceled-critics-choice-awards-delayed" target="_blank" rel="noreferrer noopener">Los Angeles Fires Shut Down Production Of TV Shows ‘Fallout,' ‘Abbott Elementary,' ‘Hacks'; Film Premieres Canceled, Critics Choice Awards Delayed</a></li>
</ul>



Image: Wikimedia Commons

California's $10 Trillion Property Market Faces Unprecedented Threat From Wildfires

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas">many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.



The major indices experienced consecutive weekly losses, with the S&amp;P 500 falling 1.9%, the Nasdaq Composite dropping 2.3%, and the Dow sliding nearly 1.9% this week.



Wall Street&#8217;s post-election rally was erased amid rising concerns over interest rates, fueled by a strong labor market, soaring inflation expectations, and escalating geopolitical tensions as President-elect Donald Trump nears a return <a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">to the White House. </a>



December&#8217;s nonfarm payrolls surged to 256,000, far surpassing estimates, intensifying pressure on the Federal Reserve to curb inflation. Meanwhile, new sanctions targeting Russian oil companies and a spike in oil prices added <a href="https://www.benzinga.com/25/01/42928629/us-labor-market-smashes-expectations-wall-street-erases-post-election-rally-as-interest-rateanxiety-grows-this-week-in-the-markets">further market instability.</a>



Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.



<h3 class="wp-block-heading">The Bulls</h3>



&#8220;<a href="https://www.benzinga.com/25/01/42830046/amd-reveals-new-ai-processors-gaming-products-ahead-of-ces-2025-shares-rise">AMD Reveals New AI Processors, Gaming Products Ahead Of CES 2025, Shares Rise</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, highlights Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) unveiling the Ryzen AI Max series processors and enterprise-focused Ryzen PRO chips, showcasing AI-powered performance innovations for PCs, laptops, and gaming devices, sparking investor optimism.



&#8220;<a href="https://www.benzinga.com/25/01/42825654/rivians-strong-deliveries-r2-line-plans-and-vw-jv-expansion-drive-analyst-optimism">Rivian&#8217;s Strong Deliveries, R2 Line Plans And VW JV Expansion Drive Analyst Optimism</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, highlights Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) achieving 51,579 EV deliveries in 2024, surpassing analyst expectations, with plans for its 2026 R2 line and expanded joint ventures with Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) driving a positive outlook despite EV tax credit concerns.



&#8220;<a href="https://www.benzinga.com/25/01/42856421/from-earth-to-the-moon-intuitive-machines-and-nokia-launch-4glte-network">From Earth To The Moon: Intuitive Machines And Nokia Launch 4G/LTE Network</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/lekha-gupta">Lekha Gupta</a>, details the integration of Intuitive Machines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) and Nokia Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) technologies to deploy the first 4G/LTE lunar network during the IM-2 mission, enabling high-definition video and telemetry transmission via the Athena lander.



For additional bullish calls of the past week, check out the following:



<a href="https://www.benzinga.com/general/sports/25/01/42882919/netflix-q4-to-show-advertising-live-sports-strength-analyst-says-multiyear-narrative-of-compounded-growth">Netflix Q4 To Show Advertising, Live Sports Strength, Analyst Says: &#8216;Multiyear Narrative Of Compounded Growth&#8217;</a>



<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42919268/nike-analyst-turns-bullish-visible-recovery-story-in-2025">Nike Analyst Turns Bullish: &#8216;Visible Recovery Story&#8217; In 2025</a>



<a href="https://www.benzinga.com/government/regulations/25/01/42843001/taiwan-semiconductor-ramps-up-production-in-japan-us-and-germany-to-diversify-away-from-china">Taiwan Semiconductor Ramps Up Production in Japan, US, and Germany to Diversify Away from China</a>



The Bears



&#8220;<a href="https://www.benzinga.com/tech/25/01/42879725/nvidia-ceo-sends-quantum-stocks-lower-poll-finds-over-50-pick-rigetti-or-skip-for-2025">Nvidia CEO Sends Quantum Stocks Lower: Poll Finds Over 50% Pick Rigetti Or Skip For 2025</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, reports on Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang's cautionary remarks about quantum computing&#8217;s practical timeline impacting stocks like Rigetti Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), and D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), with Benzinga readers favoring Rigetti for 2025 despite steep declines.



&#8220;<a href="https://www.benzinga.com/25/01/42866225/notable-crypto-analyst-foresees-potential-dip-in-dogecoin-price">Dogecoin To Drop Further? Top Analyst Foresees Possible Dump For Memecoin If Bitcoin Doesn&#8217;t Bounce</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a>, highlights analysts' concerns about Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), with one linking its potential decline to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) failing to recover, while another foresees a drop to $0.30 amid ongoing crypto market weakness.



&#8220;<a href="https://www.benzinga.com/25/01/42768507/china-slaps-export-restrictions-on-dozens-of-us-companies-boeing-lockheed-martin-general-dynamics-raytheon-affected">China&#8217;s Export Crackdown Hits Boeing, Lockheed Martin, And More</a>,&#8221; by&nbsp;<a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, highlights China&#8217;s export ban on dual-use items to 28 U.S. companies, including Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), General Dynamics Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), and RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), as part of escalating trade tensions and retaliation for U.S. arms sales to Taiwan.



For more bearish takes, be sure to see these posts:



<a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">Biden Set To Ban Future Offshore Oil Drilling: 4 Stocks, 2 ETFs To Watch</a>



<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42888800/goldman-sachs-flags-market-correction-risk-as-inflation-trump-policies-stir-uncertainty">Goldman Sachs Flags Market Correction Risk As Inflation, Trump Policies Stir Uncertainty</a>



<a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger">US Steel, Nippon Steel Sue Biden Administration, Cleveland-Cliffs, Union In Response To Blocked Merger</a>



Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.



Image created using artificial intelligence via Midjourney.

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Benzinga Bulls And Bears: Rivian, Intuitive Machines, Rigetti Computing — And Dogecoin Analyst Foresees Drop To 30 Cents

Melania Trump&nbsp;is set to executive produce a new documentary on&nbsp;Amazon.com, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video, offering a rare glimpse into her life and influence in&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42806697/melania-trump-to-executive-produce-upcoming-amazon-documentary-offering-rare-insight-into-her-life-and-influence-in-donald-trumps-political-world" rel="noreferrer noopener">Donald Trump's</a><a target="_blank" href="https://www.benzinga.com/25/01/42806697/melania-trump-to-executive-produce-upcoming-amazon-documentary-offering-rare-insight-into-her-life-and-influence-in-donald-trumps-political-world" rel="noreferrer noopener">&nbsp;political sphere</a>.&nbsp;



Smartphones



Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) remains unable to sell its&nbsp;iPhone 16&nbsp;in Indonesia. the company has&nbsp;not met Indonesia's domestic&nbsp;content requirements, which stipulate that smartphones sold in the country must include at<a target="_blank" href="https://www.benzinga.com/media/25/01/42890863/apples-airtag-factory-fails-to-impress-indonesia-iphone-16-sales-remain-banned-despite-local-production-plans" rel="noreferrer noopener"> least 35% locally-made components</a>.



Apple has clarified its privacy policies regarding Siri, following a $95 million settlement over allegations of unauthorized recordings. The company emphasized&nbsp;that it has never sold&nbsp;or used<a target="_blank" href="https://www.benzinga.com/tech/25/01/42890955/apple-clarifies-siri-privacy-policies-after-95-million-settlement" rel="noreferrer noopener"> Siri data for marketing purposes</a>.



Samsung Electronics Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) is gearing up for CES 2025 with major announcements and futuristic tech. Samsung&#8217;s theme for this year&#8217;s CES presentation is <a target="_blank" href="https://www.benzinga.com/tech/25/01/42808821/samsung-ces-2025-press-conference-from-cutting-edge-ai-to-transparent-screens-heres-what-to-expect" rel="noreferrer noopener">"AI for All: Everyday, Everywhere.</a>"



Early announcements from Samsung&#8217;s newsroom highlight AI-enhanced refrigerators, appliances with built-in screens, and more. Expect features like advanced personalization and smarter home integration.



Samsung has confirmed the release of its much-anticipated&nbsp;<a href="https://www.benzinga.com/25/01/42836293/samsungs-ballie-is-finally-coming-in-2025-will-this-round-home-robot-live-up-to-the-hype" target="_blank" rel="noreferrer noopener">Ballie</a><a href="https://www.benzinga.com/25/01/42836293/samsungs-ballie-is-finally-coming-in-2025-will-this-round-home-robot-live-up-to-the-hype" target="_blank" rel="noreferrer noopener">&nbsp;home robot</a>.



Samsung announced its Unpacked event, set for Wednesday, Jan. 22, 2025, in San Jose. The event will showcase the new&nbsp;Galaxy S25&nbsp;series <a target="_blank" href="https://www.benzinga.com/25/01/42836040/samsung-unpacked-2025-date-time-livestream-details-and-galaxy-s25-pre-order-offers-everything-you-need-to-know" rel="noreferrer noopener">and advancements in&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/42836040/samsung-unpacked-2025-date-time-livestream-details-and-galaxy-s25-pre-order-offers-everything-you-need-to-know" rel="noreferrer noopener">Galaxy AI</a>.



Samsung is set to introduce a subscription model <a target="_blank" href="https://www.benzinga.com/tech/25/01/42893958/after-apple-halts-hardware-subscription-plans-samsung-unveils-similar-strategy-for-ai-powered-galaxy-smartphones" rel="noreferrer noopener">for its Galaxy smartphones</a>.



Media &amp; Gaming



Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google&nbsp;TV users are reportedly encountering issues with purchasing certain movies, including&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42808621/google-tv-reportedly-struggles-with-missing-movie-purchases-disney-classics-and-new-releases-now-locked-behind-streaming-services" rel="noreferrer noopener">Walt Disney Co.&#8217;s</a><a target="_blank" href="https://www.benzinga.com/25/01/42808621/google-tv-reportedly-struggles-with-missing-movie-purchases-disney-classics-and-new-releases-now-locked-behind-streaming-services" rel="noreferrer noopener">&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)&nbsp;classics</a>.



Walt Disney said that its streaming platforms have reached another milestone.&nbsp;The company&#8217;s streaming platforms,&nbsp;Disney+,&nbsp;Hulu, and&nbsp;ESPN+, have amassed approximately 157 million monthly active users globally who<a target="_blank" href="https://www.benzinga.com/25/01/42890512/disney-now-has-157-million-monthly-ad-supported-viewers-on-disney-hulu-and-espn-globally" rel="noreferrer noopener"> engage with ad-supported content</a>.



Technology



Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has decided to temporarily pause construction on parts of its&nbsp;ambitious data center <a target="_blank" href="https://www.benzinga.com/25/01/42806852/microsoft-pauses-construction-on-33-billion-mount-pleasant-data-center-project-cites-technology-changes-and-design-re-evaluation" rel="noreferrer noopener">project&nbsp;in Mount Pleasant</a>.



Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&nbsp;delivered the keynote at CES 2025. The keynote's highlight was the introduction of the latest&nbsp;GeForce&nbsp;RTX 5000&nbsp;Graphic cards series, which include the $1,999 RTX 5090, $999 RTX 5080, $749 <a target="_blank" href="https://www.benzinga.com/tech/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549" rel="noreferrer noopener">RTX 5070 Ti, and $549 RTX 5070</a>.



The lead product for&nbsp;Google's AI Studio&nbsp;has voiced concerns over the U.S. government's <a target="_blank" href="https://www.benzinga.com/25/01/42836724/google-lead-product-questions-americas-ai-priorities-as-platforms-embrace-chinese-models-its-so-great-so-cheap-so-fast-such-good-rate-limits" rel="noreferrer noopener">approach to artificial intelligence</a>.



Also, Nvidia CEO&nbsp;Jensen Huang&nbsp;introduced the company&#8217;s $3,000 "personal AI supercomputer," a compact, high-performance machine designed to run advanced AI models right <a target="_blank" href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack" rel="noreferrer noopener">from your desk at CES 2025</a>.



Amazon.com has expanded its home security portfolio with the launch of smart smoke <a target="_blank" href="https://www.benzinga.com/media/25/01/42838001/amazons-ring-introduces-smart-smoke-alarms-at-ces-2025-boosting-home-security-with-pro-monitoring-features" rel="noreferrer noopener">and carbon monoxide alarms</a>.



Dell Technologies Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) announced a major rebranding of its personal computers, aiming to boost sales by adopting a simplified <a target="_blank" href="https://www.benzinga.com/25/01/42869349/dell-takes-bold-step-to-revive-pc-sales-with-simplified-apple-like-brandingxps-and-inspiron-are-gone-for-good" rel="noreferrer noopener">naming strategy similar to&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/42869349/dell-takes-bold-step-to-revive-pc-sales-with-simplified-apple-like-brandingxps-and-inspiron-are-gone-for-good" rel="noreferrer noopener">Apple</a>.



Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&#8217;s&nbsp;accusation of censorship has been firmly <a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/42891403/mark-zuckerberg-accuses-eu-of-censorship-spokesperson-pushes-back-on-metas-allegations-we-absolutely-refute-any-claims" rel="noreferrer noopener">denied by the European Commission</a>.



The Commission stated that their regulations only mandate the removal of illegal content. "We absolutely refute any claims of censorship," said a Commission spokesperson.



Artificial Intelligence (AI)



Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) is making a significant move in the AI sector with a $300 million investment in&nbsp;DDN, a company known for its expertise <a target="_blank" href="https://www.benzinga.com/news/25/01/42892338/blackstone-invests-300-million-in-ai-data-firm-that-powers-elon-musks-xai-supercomputer" rel="noreferrer noopener">in data storage and analysis</a>.



Apple committed to updating its AI feature following a complaint from the BBC.&nbsp;The issue came to light last month after the BBC reported that an AI-generated summary falsely claimed that&nbsp;Luigi Mangione, accused of killing&nbsp;UnitedHealthcare&nbsp;CEO<a target="_blank" href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries" rel="noreferrer noopener">Brian Thompson</a><a target="_blank" href="https://www.benzinga.com/25/01/42836957/apple-acknowledges-ai-flaws-after-bbc-complaint-vows-fix-for-misleading-news-summaries" rel="noreferrer noopener">, had shot himself</a>.



OpenAI&nbsp;CEO&nbsp;Sam Altman&nbsp;has made a bold prediction regarding the development of artificial general intelligence (AGI), suggesting it will <a target="_blank" href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough" rel="noreferrer noopener">occur during&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough" rel="noreferrer noopener">Donald Trump's</a><a target="_blank" href="https://www.benzinga.com/media/25/01/42867568/openai-ceo-sam-altman-predicts-agi-will-arrive-during-the-trump-presidency-says-chips-act-not-effective-enough" rel="noreferrer noopener">&nbsp;presidency</a>.&nbsp;



Anthropic, the AI startup behind "Claude" backed by Jeff Bezos, is reportedly in advanced discussions to secure $2 billion in funding. This deal could elevate its valuation to $60 billion, positioning it among the top <a href="https://www.benzinga.com/markets/equities/25/01/42867792/jeff-bezos-backed-anthropic-set-to-become-one-of-the-top-5-us-startups-as-it-reportedly-eyes-60-billion-valuation-with-2-billion-funding-round" target="_blank" rel="noreferrer noopener">five most valuable U.S. startups</a>.



Image: Shutterstock

Large Cap

AAPL

AMZN

DELL

GOOG

MSFT

SSNLF

Consumer Tech News (Jan 6-10): Microsoft Pauses Ambitious Data Center Project, Blackstone Makes $300 Million Investment In AI & More

Wall Street wiped out its entire post-election rally this week as mounting interest-rate fears were stoked by a red-hot labor market, surging inflation expectations and escalating geopolitical tensions ahead of Donald Trump&#8216;s <a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">return to the White House</a>. 



In a shortened trading week due to Thursday&#8217;s funeral for former President Jimmy Carter, market activity reached a<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42922299/wall-street-tumbles-on-blowout-payrolls-oil-rallies-to-76-us-dollar-hits-26-month-highs-whats-driving-markets-friday"> fever pitch on Friday.</a>



The U.S. economy boasted an impressive <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42912480/us-economy-adds-256000-payrolls-in-december-as-tight-labor-market-tops-forecasts-dollar-treasury-yields-spike">256,000 nonfarm payrolls</a> in December — a figure that made the consensus economist forecast of 160,000 jobs pale in comparison. This marked the strongest employment growth since March. Additionally, the unemployment rate dropped to 4.1%, beating forecasts of 4.2%.



In simple terms, the U.S. labor market ended 2024 firing on all cylinders. While this robust performance bodes well for consumer spending, it poses a significant challenge for the Federal Reserve, which now faces mounting pressure to <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42913622/dollar-soars-to-27-month-highs-30-year-yields-hit-5-stocks-tumble-jobs-report-oil-spike-darken-feds-interest-rate-cut-hopes">keep inflation in check.</a>



Expectations for a new interest rate cut were further pushed down the road to September 2025 in reactions to new economic developments. For stocks, this represented a setback, as indices tumbled across the board.



Earlier in the week, President-elect Trump, in a one-hour speech at Mar-a-Lago, floated provocative ideas, including annexing <a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">Canada as a 51st state</a>, imposing stringent tariffs on Mexico and demanding NATO members increase military spending to 5% of GDP.



On Friday, the Biden administration announced <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/42919047/oil-nears-80-as-us-prepares-new-russia-sanctions">new sanctions targeting Russian oil </a>giants Gazprom Neft and Surgutneftegas, shadow fleet vessels and opaque traders. These measures triggered a sharp rise in oil prices, further unsettling markets.



<h3 class="wp-block-heading">Inflation Fears Surge</h3>



Consumer inflation expectations for the next five years reached 3.3% in January 2025, hitting their highest levels since June 2008, according to <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42917321/consumer-inflation-worries-highest-since-2008-u-of-m-survey-says-wall-street-tumbles-to-2-month-lows">a University of Michigan survey</a>. Rising inflation anxiety may reflect concerns over the incoming Trump administration&#8217;s planned tariff hikes.



<h3 class="wp-block-heading">Wildfires Impact Insurers</h3>



California wildfires destroyed over 10,000 structures, intensifying pressure on property insurers like Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) and Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>). Economic losses could reach $57 billion, with insurance <a href="https://www.benzinga.com/markets/equities/25/01/42906089/california-wildfires-ignite-concerns-for-insurance-stocks-here-are-some-insurance-etfs-which-could-be-impacted">stocks under market focus.</a>



<h3 class="wp-block-heading">Rate Hike Panic</h3>



The blowout December jobs report forced Bank of America Securities to scrap expectations for further interest-rate cuts. It marks a notable U-turn from a top investment bank. Economist Aditya Bhave floated the risk of rising discussions towards interest rate cuts, should core inflation <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42926956/bank-of-america-scraps-interest-rate-cut-calls-betting-markets-go-haywire-as-hiking-panic-mounts">surges above 3% again. </a>



Now Read: 



<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/42925767/palantirs-nasdaq-100-hype-fades-as-stock-sinks-post-inclusion">Palantir&#8217;s Nasdaq-100 Hype Fades As Stock Sinks 15% Post-Inclusion</a></li>
</ul>



Image: Shutterstock

Analyst Color

Government

Macro Economic Events

Regulations

Economics

Federal Reserve

Tech

US Labor Market Smashes Expectations, Wall Street Erases Post-Election Rally As Interest Rate Anxiety Grows: This Week In The Markets

Wall Street&#8217;s positive outlook for 2025 has been disrupted by a robust jobs report. The unexpected data has triggered a market sell-off and sparked concerns of a challenging year ahead.



What Happened: Traders have interpreted the rising strength of the U.S. labor market negatively. The fear is that it could obstruct further monetary easing, leading to a significant market sell-off on Friday.



The jobs report, which indicated a boost in payrolls and a drop in unemployment, has raised alarm among those who were counting on more stimulus from Jerome Powell&#8216;s Federal Reserve, <a href="https://www.bloomberg.com/news/articles/2025-01-10/blowout-jobs-report-fuels-wall-street-fear-of-lose-lose-market?srnd=homepage-americas&amp;sref=TBDibEcD">reports</a> Bloomberg.



This development has especially jeopardized&nbsp;interest-rate sensitive strategies and indebted&nbsp;companies across Corporate America.



&#8220;The&nbsp;last few weeks might be&nbsp;a good preview of what&nbsp;the entire year will be&nbsp;like,&#8221; Priya Misra, a portfolio manager at&nbsp;JP Morgan Asset Management told the outlet. 



&#8220;Not&nbsp;easy but volatile and messy&nbsp;&#8211; we have a combination&nbsp;of the Fed on hold,&nbsp;rich valuations and two-sided policy uncertainty,&#8221; she added. 



The S&amp;P 500 took a significant hit on Friday, experiencing its largest&nbsp;weekly drop since Fed Chair&nbsp;Powell signaled last month that inflation was still a concern. Treasury yields continued their upward trajectory, with 30-year rates briefly surpassing 5%.



Stocks and bonds have posted negative returns for five straight weeks, marking the longest losing streak since September 2023, based on the performance of the world's largest ETFs tracking the S&amp;P 500 and long-term Treasuries. 



Also Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42918778/december-jobs-report-a-wake-up-call-for-anyone-betting-on-rate-cuts-analyst-says">December Jobs Report A &#8216;Wake-Up Call For Anyone Betting On Rate Cuts,&#8217; Analyst Says</a>



This marks the worst start for the S&amp;P 500 since 2022 and for the TLT ETF, which tracks longer-maturity Treasuries, since 2021, reports the outlet. 



The employment report is the latest in a series highlighting a strengthening US economy and rising potential for increased price pressures. 



Inflation expectations for the next two years, as indicated by two-year breakevens, stand at 2.7%, the highest level since April. Meanwhile, commodity prices surged 4% this week, and Brent crude oil hit $80 per barrel for the first time since October, driven by news of U.S. sanctions.



Investors are now dealing with the undesirable side of the Trump trade: escalating bond yields driven by concerns that unchecked spending and trade tariffs will fuel inflation. 



&#8220;There&nbsp;is just too much optimism&nbsp;based on consensus thinking that&nbsp;the Fed&#8217;s&nbsp;going to keep cutting interest&nbsp;rates,&#8221; stated&nbsp;Max Wasserman, a senior portfolio manager at&nbsp;Miramar Capital.



Why It Matters: The unexpected jobs report has shaken Wall Street&#8217;s optimism for the year ahead. The fear that a strong labor market could obstruct further monetary easing has led to a significant market sell-off. 



This development has raised concerns among investors, particularly those banking on more stimulus from the central bank. 



The situation is further complicated by the Fed&#8217;s stance on inflation and the impact of the Trump trade. As Wall Street grapples with these challenges, the year ahead promises to be volatile and uncertain.



Read Next



<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42926956/bank-of-america-scraps-interest-rate-cut-calls-betting-markets-go-haywire-as-hiking-panic-mounts">Bank Of America Scraps Interest Rate Cut Calls, Betting Markets Go Haywire As Hiking Panic Mounts</a>



Image: Shutterstock

Markets

Unexpectedly Strong Jobs Report Sends Shockwaves Through Wall Street, Triggering Market Sell-Off

Howie Buffett, the son of renowned investor Warren Buffett, is readying himself to assume a prominent role as the non-executive chairman of&nbsp;Berkshire Hathaway Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>).



What Happened:&nbsp;Howie Buffett is set to take the helm at Berkshire Hathaway, a conglomerate boasting a market value close to $1 trillion. Having served on the company&#8217;s board for over 30 years, the younger Buffett has gained valuable insights into his father&#8217;s business strategies.



According to the report <a href="https://www.wsj.com/business/howard-buffett-succession-berkshire-hathaway-72b2caa7">by</a> The Wall Street Journal, Warren Buffett has been transparent about his succession plans, expressing his wish for his middle child to follow in his footsteps as non-executive chairman to preserve the company&#8217;s culture. Greg Abel, a seasoned Berkshire executive, is likely to step into the role of CEO.



The siblings of Howie Buffett, Susie and Peter, are also poised to play crucial roles in channeling their father&#8217;s&nbsp;nearly $140 billion in Berkshire&nbsp;stock towards philanthropic causes, marking one of the most substantial wealth transfers in recent history.



Also Read: <a href="https://www.benzinga.com/markets/25/01/42803655/this-warren-buffett-backed-stock-is-a-2025-top-pick-with-big-gains-ahead-says-analyst">This Warren Buffett-Backed Stock Is A 2025 &#8216;Top Pick&#8217; With Big Gains Ahead</a>



Despite questions raised about Howie Buffett&#8217;s limited business experience, Warren Buffett has shown faith in his son&#8217;s capacity to steer the company. 



&#8220;He&nbsp;won't have to think about&nbsp;running the business," the outlet quoted Warren Buffett saying.&nbsp;"He'll only have to think&nbsp;about whether&nbsp;the board may need to&nbsp;change the CEO."



Why It Matters:&nbsp;The transition of leadership at Berkshire Hathaway is a significant event in the business world. The company, under Warren Buffett&#8217;s stewardship, has grown into a trillion-dollar conglomerate. 



The decision to appoint Howie Buffett as non-executive chairman is a clear indication of Warren Buffett&#8217;s intent to maintain the company&#8217;s culture and values. 



Furthermore, the planned philanthropic endeavors by the Buffett siblings represent a significant shift in the distribution of wealth, potentially impacting a wide range of social causes.



Read Next



<a href="https://www.benzinga.com/markets/24/12/42638957/warren-buffetts-timeless-advice-if-youre-gonna-do-dumb-things-because-your-stock-goes-down-you-shouldnt-own-a-stock-at-all" target="_blank" rel="noreferrer noopener">Warren Buffett's Timeless Advice For Investing $10,000: ‘If You're Gonna Do Dumb Things Because Your Your Stock Goes Down, You Shouldn&#8217;t Own A Stock At All&#8217;</a>



Image: Shutterstock

Warren Buffett's Middle Child Howie Buffett Steps Into Spotlight: An Heir to Berkshire Hathaway Throne?

President-elect Donald Trump's Middle East envoy has arrived in Israel to push for a <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon" target="_blank" rel="noreferrer noopener">ceasefire in the ongoing Israel-Hamas war</a> before Trump&#8217;s inauguration, which is less than 10 days away.



Trump has set a firm deadline, demanding all hostages be released before his inauguration on January 20, with severe consequences if not met, <a target="_blank" href="https://www.ft.com/content/1781d594-e94c-416a-9b7a-b3eb630fb6b3" rel="noreferrer noopener">reports</a> the Financial Times.



Real estate mogul and Trump ally Steve Witkoff met with Israeli Prime Minister Benjamin Netanyahu after talks in Doha with Qatari officials and the Biden administration.



The diplomatic efforts gained urgency with Netanyahu's office confirming that a high-level Israeli delegation, led by Mossad chief David Barnea, would travel to Doha for follow-up talks.



Analysts view Barnea's involvement as crucial to any potential breakthrough, the report adds.



The indirect negotiations, mediated by Egypt, Qatar, and the United States, have shown signs of progress despite significant hurdles, reports Reuters.



Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/01/42805025/biden-proposes-massive-8-billion-arms-deal-including-bombs-for-israel" rel="noreferrer noopener">Biden Proposes Massive $8 Billion Arms Deal, Including Bombs, for Israel</a>



According to Egyptian security sources, Egyptian and Qatari mediators were assured by Witkoff that the U.S. would persist in efforts to secure a fair resolution to end the war soon, although no specific details were provided.



Brett McGurk, Biden's Middle East adviser, was also in Doha, where the parties continue to work toward a ceasefire deal and the release of hostages.



However, a major sticking point remains the identification and condition of the hostages to be released first—primarily women, the elderly, and the wounded.



The critical issue revolves around ensuring the hostages are alive, with Israel demanding clarity on which of the captives are still living, the Financial Times added, citing a person familiar with the negotiations.



Israel began its assault on Gaza following a Hamas attack in October 2023, where fighters crossed into Israeli territory, killing 1,200 people and taking over 250 hostages, Reuters writes, referring to Israeli reports. Since then, Palestinian health officials have reported that more than 46,000 people have been killed in Gaza.



The outcome of these negotiations could be a pivotal moment in the region's complex geopolitics.



Read Next



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<li><a href="https://www.benzinga.com/news/24/10/41196317/trump-urges-israel-to-target-iran-nuke-sites-hit-nuclear-first-and-worry-about-the-rest-later" target="_blank" rel="noreferrer noopener">Trump Urges Israel To Target Iran Nuke Sites: ‘Hit Nuclear First And Worry About The Rest Later&#8217;</a></li>
</ul>

Politics

General

Trump's Envoy Presses Netanyahu for Gaza Deal: Can Ceasefire Push Succeed Before Inauguration?

A prominent cryptocurrency analyst has raised concerns about Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) potential downfall if it fails to maintain a significant support level.



What Happened: Altcoin Sherpa, a well-known crypto trader, alerted on X that Bitcoin&#8217;s value could plummet to the low $80,000 range if it fails to hold $90,000 as support.



Altcoin Sherpa further speculated that Bitcoin might continue its bearish trend until the US government finalizes its plans for the Bitcoin seized from the Silk Road darknet marketplace. 



This speculation comes in the wake of reports that the government has received legal approval to sell over 69,000 BTC.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> maybe we&#39;re going to just see an endless twap sell for now and no bidders until this stupid government selloff is over. If ppl get overlevered then it could get ugly if we lose 90k or so. Hoping we can absorb it but not feeling super confident. wouldn&#39;t be super surprised… <a href="https://t.co/ZBNMjCNzbd">pic.twitter.com/ZBNMjCNzbd</a>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1877309941221888090?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



&#8220;Maybe we&#8217;re going to just see an endless twap sell for now and no bidders until this stupid government selloff is over. If ppl get overlevered then it could get ugly if we lose 90k or so. Hoping we can absorb it but not feeling super confident. wouldn&#8217;t be super surprised If we wick down to mid low 80ks in some scenarios,&#8221; the analyst shared in the post. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42380983/this-analyst-says-bitcoin-could-reach-200k-by-end-of-2025">This Analyst Says Bitcoin Could Reach $200K By End of 2025</a>



At the time of writing, Bitcoin was trading at $94,356, marking just 1% increase in the last 24 hours.



The analyst also shared his thoughts on the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based memecoin Fartcoin (CRYPTO: FARTCOIN), predicting a potential drop of more than 28% from its current value based on Fibonacci retracement levels. 



FARTCOIN was trading at $0.84, down 2.4% in the last 24 hours.



Why It Matters: The potential loss of a key support level for Bitcoin could have significant implications for the cryptocurrency market. 



The uncertainty surrounding the US government&#8217;s plans for the seized Bitcoin adds to the volatile nature of the market. Furthermore, the predicted decline of Fartcoin, a Solana-based memecoin, underscores the risks associated with investing in such digital assets. 



As the market continues to evolve, investors must remain vigilant and informed about these developments.



Read Next



<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42049183/heres-how-a-bitcoin-whale-nets-179m-from-a-120-investment" target="_blank" rel="noreferrer noopener">Here&#8217;s How A Bitcoin Whale Nets $179M From A $120 Investment</a>

$SOL

Analyst Warns of Bitcoin's Uncertain Future Amid Key Support Breakdown: 'It Could Get Ugly'

In his Friday appearance on Joe Rogan&#8216;s podcast, Mark Zuckerberg voiced his optimism regarding President-elect Donald Trump&#8216;s support <a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">for the American tech industry</a>.



What Happened: During the <a href="https://www.youtube.com/watch?v=7k1ehaE0bdU">podcast</a>, Zuckerberg expressed his belief in the strategic advantage of U.S. tech companies and his confidence that Trump&#8217;s administration will defend this advantage, ensuring the industry&#8217;s continued strength.



&#8220;I think it&#8217;s a strategic advantage for the United States that we have a lot of the strongest companies in the world, and I think it should be part of the U.S. strategy going forward to defend that,&#8221; Zuckerberg said during the podcast.



&#8220;And it&#8217;s one of the things that I&#8217;m optimistic about with President Trump is, I think he just wants America to win,&#8221; he added. 



Zuckerberg told Rogan that the change reflects the nation&#8217;s &#8220;cultural pulse&#8221; as it was reflected in the presidential election results.



Also Read: <a href="https://www.benzinga.com/news/24/08/40667286/trump-warns-zuckerberg-in-latest-book-says-he-could-be-in-prison-for-the-rest-of-his-life-we-are-wat">Trump Warns Zuckerberg In Latest Book, Says He Could Be In Prison For The Rest Of His Life: &#8216;We Are Watching Him Closely&#8217;</a>



The comments from the founder of&nbsp;Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FB#NASDAQ">FB</a>), formerly known as Facebook, followed significant changes made by the company to its content moderation policies. 



The new system, which replaces third-party fact-checkers with a community-notes system, received praise from Trump.



Why It Matters: Given the recent changes in Meta&#8217;s content moderation policies and the company&#8217;s donation to Trump&#8217;s inaugural fund, Zuckerberg&#8217;s comments signal a strategic alignment with the incoming administration. 



This could potentially influence the future direction of the tech industry, particularly in terms of content moderation and censorship.



Read Next



<a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1" target="_blank" rel="noreferrer noopener">Speaking At Rally, Trump Says ‘Weirdo' Mark Zuckerberg Once Came To White House For Dinner</a>

Social Media

In Joe Rogan Interview, Zuckerberg Expresses Confidence in Trump's Support for Tech Sector: 'I Think He Just Wants America to Win'

Justine Musk, a writer and the <a href="https://www.benzinga.com/personal-finance/24/12/42741855/elon-musks-ex-wife-and-mother-of-5-kids-says-he-wont-take-no-for-an-answer-he-locks-his-gaze-on-to-something-and-says-it-shall-be-mine">ex-wife of tech mogul Elon Musk</a> – the richest person in the world – offered a rare glimpse into the personal philosophy that shaped one of the world's most ambitious entrepreneurs.&nbsp;



As the mother of Elon's five children and someone who shared years of her life with him, Justine had an intimate and revealing perspective on the man behind Tesla, SpaceX and Neuralink. Speaking at a TEDx talk in 2014, she shared a key lesson she observed during their marriage – a lesson not just about ambition but about boundaries and focus.



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<li><a href="https://www.benzinga.com/money/advisor-adv-warren-buffett">Warren Buffett Flipped His Neighbor's $67,000 Life Savings Into A $50 Million Fortune — This Would Be Worth Over $500 Million Today</a></li>



<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>



"I was married, I was married–" she emphasized the past tense – "to a man who became extremely successful. And as I watched him rise, I noticed two things. He worked very hard, much harder than your average bear. And he said no a lot," she explained.



Justine detailed how Elon's ability to say no was instrumental to his success. "He said no to people who wanted his time, attention and energy. He said no in a way that protected his resources so that he could channel them toward his own goals. And I realized that behind every no is a deeper ‘yes' to whatever it is that you do want," she said. This realization was transformative for Justine, reshaping her understanding of boundaries, priorities and self-worth. "Your deep yes is your right to dream," she added.



See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>



She explains that the ability to say no is something we learn very early in life. As she notes, her children assert their power by saying no. However, somewhere between the ages of eight and 13, she lost her deep, instinctive no – it was drowned out by external voices telling her she was "too much." Justine points out that when people criticize you for being "too much" of anything, it can help you identify your greatest strengths.



As a writer and a mother, she reflected on how saying no wasn't just about asserting power but about <a href="https://www.benzinga.com/startups/25/01/42802794/there-wont-be-money-for-social-security-elon-musk-tells-joe-rogan-about-looming-bankruptcy-and-1-1-trillion-interest">embracing clarity and intention</a>. "No is like a bright line that, when used properly, marks off where you end and others begin," she added.



Trending: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a>



Her insights resonate not only because they reflect Elon Musk's meteoric rise but also because they speak to a broader truth about success. It's not just about saying yes to opportunities but having the courage – and the wisdom – to say no to distractions.



This philosophy isn't unique to Musk. <a href="https://www.benzinga.com/personal-finance/24/03/37923815/steve-jobs-was-worth-billions-but-said-money-wasnt-that-important-famously-took-1-a-year-salary-">Steve Jobs</a> famously shared a similar sentiment in 1997: "Focus is about saying no and you have to say no. The result of that focus is going to be some really great products where the total is much greater than the sum of the parts."



Justine Musk's reflections remind us that in a world overflowing with demands and opportunities, the power of no isn't just about refusal – it's about commitment to the things that matter most. For her, observing this principle in action gave her a new lens on her own life and a deeper appreciation for the art of setting boundaries.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>



<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>

Personal Finance

Elon Musk's Ex-Wife And Mother To His 5 Kids Says His Secret To Extreme Success Is Working Harder Than 'Average Bear' And Saying 'No' A Lot

Cryptocurrency markets are trading higher on Friday after experiencing significant volatility throughout the day.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$94,777</td><td>+3.3%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,266</td><td>+2.5%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$188.06</td><td>+2.3%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.36</td><td>+3.4%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.3323</td><td>+4.7%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.00002151</td><td>+2.8%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume decreasing by 6.2% and daily active addresses falling by 0.02%. Transactions greater than $100,000 are down from 11,991 to 11,484 in a single day. Exchanges netflows are down by 335%.</li>



<li>Coinglass data reports 111,905 traders were liquidated in the past 24 hours for $381.10 million.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42908193/exclusive-answering-key-questions-about-bitcoins-future-before-inauguration">EXCLUSIVE: Answering Key Questions About Bitcoin&#8217;s Future 10 Days Before The Inauguration</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42906328/crypto-fear-and-greed-index-hits-lowest-level-since-october-as-bitcoin-falls-under-92k-dogecoin-and-shiba-inu-trade-in-red">Crypto Fear And Greed Index Hits Lowest Level Since October As Bitcoin Falls Under $92K, Dogecoin And Shiba Inu Trade In Red</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42921919/bitcoin-takes-stairs-up-and-elevator-down-on-labor-market-data-whats-next">Bitcoin Takes &#8216;Stairs Up&#8217; And &#8216;Elevator Down&#8217; On Labor Market Data: What&#8217;s Next?</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42904654/coinbase-subpoenaed-over-polymarket-involvement-federal-agency-seeks-customer-information">Coinbase Subpoenaed Over Polymarket Involvement, Federal Agency Seeks Customer Information</a></li>
</ul>



Top Gainers:



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td><td> $61.95</td><td>+21.3%</td></tr><tr><td>Algorand (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/algo/usd">ALGO</a>)</td><td> $0.3814</td><td>+!2.6%</td></tr><tr><td>Sui (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SUI</a>)</td><td> $5.20</td><td>+11.4%</td></tr></tbody></table></figure>



Trader Notes: With Bitcoin prices changing course to green after a highly volatile day, crypto trader Altcoin Sherpa <a href="https://x.com/ColdBloodShill/status/1877766962488496426">acknowledged</a> the tough market conditions but expressing relief it&#8217;s Friday. 



He predicts a "weekend altcoin season" to begin tomorrow.



Altcoin Sherpa believes Bitcoin is in a bounce zone, with high volatility suggesting potential for modest short-term gains. He advises scalping for most trades.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> still a bounce region imo. volatility is high but guessing we go up a little bit in the short term. Still think all trades should be scalps for the most part, though <a href="https://t.co/n0Wnlo30rK">https://t.co/n0Wnlo30rK</a> <a href="https://t.co/Jov4F6vm7F">pic.twitter.com/Jov4F6vm7F</a>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1877773333069967764?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Additionally, he <a href="https://x.com/AltcoinSherpa/status/1877777158711435423">sees</a> Bitcoin as having momentarily bottomed, while altcoins are expected to continue their slight rebounds.



According to Glassnode data, new investors now hold 49.6% of Bitcoin&#8217;s liquidity, indicating that seasoned investors have sold during the uptrend, with strong demand from new buyers absorbing the sell pressure.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The percentage of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> wealth held by new investors (coins aged &lt; 3m) has surged, now representing 49.6% of the network liquidity. This infers that mature investors have meaningfully distributed coins across the uptrend, with new demand absorbing the sell-side pressure. <a href="https://t.co/1qX9EuVgGA">pic.twitter.com/1qX9EuVgGA</a>&mdash; glassnode (@glassnode) <a href="https://twitter.com/glassnode/status/1877763363796562264?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42919731/bitcoin-to-bounce-back-in-q1-but-beware-20-corrections-analysts-warn">Bitcoin To Bounce Back In Q1 But Beware 20% Corrections, Analysts Warn</a></li>
</ul>



Image: Shutterstock

$ALGO

$BSV

$ETH

$SHIB

$SUI

$XRP

Bitcoin, Ethereum, XRP, Dogecoin In The Green On Friday: 'Weekend Altcoin Season' Coming?

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is trading higher amid a sharp increase in its <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42805470/shiba-inus-2133-burn-rate-surge-followed-by-10-price-rise-whats-happening#:~:text=Shiba%20Inu's%202%2C133%25%20Burn%20Rate,%2D%20Benzinga">token burn rate</a> and anticipation surrounding the launch of the TREAT token on Jan. 14.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td><td>7-Day Trend</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00002165</td><td>$12.8 billion</td><td>+2.6%&nbsp;</td><td>-7%&nbsp;</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.3337</td><td>$49.3 billion</td><td>+1.5%&nbsp;</td><td>-4.3%</td></tr><tr><td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td><td>&nbsp;$0.00001772</td><td>$7.5 billion</td><td>+1.5%&nbsp;</td><td>-14%&nbsp;</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Javon Marks observed that Shiba Inu is maintaining its post-breakout momentum, signaling the potential for further gains. 



He stated that the slower pace of the current rally might actually support its longevity and scale. 



"The sustained momentum suggests this run may not be over yet," Marks tweeted.



Marks identified $0.000081 as the next key resistance level, which would be a 261% gain from current prices. 



Surpassing this level could set the stage for a move toward $0.0001553.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Usually, you give dogs treats, but this <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a> (Shiba Inu) looks like its going to be giving us one as its priced continue to hold significant post-breakout gains in a run that can be far from concluded &#x1f415;! Still being broken out, the target remains over +261% away at $0.000081… <a href="https://t.co/l1fyji0lDb">https://t.co/l1fyji0lDb</a> <a href="https://t.co/XmlO6wOWv2">pic.twitter.com/XmlO6wOWv2</a>&mdash; JAVON&#x26a1;&#xFE0F;MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1877393141621228017?ref_src=twsrc%5Etfw">January 9, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Statistics: Shibburn data indicates that in the past 24 hours, 27.99 million SHIB tokens were burned, including a 17.2 million SHIB burn in a single transaction, followed by another 4.6 million burn. 



This spike represents a 5,895.9% increase in the burn rate, reducing token supply and boosting scarcity.



According to IntoTheBlock, five wallets control 57% of the total SHIB supply, with one wallet alone holding 41.7%. 



Such concentrated holdings amplify the likelihood of market volatility, as significant movements in these wallets could disrupt price stability.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/top-stories/25/01/42898917/dogecoin-killer-shiba-inu-down-3-5-in-7-days-is-this-really-healthy-accumulation">&#8216;Dogecoin Killer&#8217; Shiba Inu Down 3.5% In 7 Days: Is This Really &#8216;Healthy Accumulation&#8217;?</a></li>
</ul>



Image: Shutterstock

$PEPE

Shiba Inu Burns 28 Million Tokens, Rises 2%: What Is Going On?

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder Joe Lonsdale offered a sobering assessment of the Department of Government Efficiency initiative, suggesting that while $1 trillion in federal spending cuts might be achievable, further reductions would face significant hurdles.



What Happened: &#8220;The next trillion will be a lot harder,&#8221; Lonsdale said during a CNBC <a href="https://www.youtube.com/watch?v=RBAGWBQNogU">interview</a> on Thursday, tempering expectations for the ambitious cost-cutting program championed by Tesla Inc. CEO Elon Musk. The initiative, which initially targeted $2 trillion in cuts, has recently scaled back its goals.



Lonsdale revealed that the effort has attracted significant talent, noting, &#8220;I know dozens of friends who are helping out in various ways—brilliant engineers and lawyers working day and night.&#8221; However, he emphasized that government resistance and bureaucratic obstacles would make deeper cuts challenging.



The discussion gains particular significance as President-elect Donald Trump&#8216;s team plans to integrate DOGE into a second administration. 



See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42904377/tesla-bull-gary-black-warns-against-inflated-optimus-robot-assumptions-get-pounded-each-time-i-try-to-right-size-expectations">Tesla Bull Gary Black Warns Against Inflated Optimus Robot Assumptions: Get Pounded Each Time &#8216;I Try To Right-Size Expectations&#8217;</a>



Why It Matters: Lonsdale, who <a href="https://www.benzinga.com/markets/equities/24/09/40786654/elon-musk-invites-joe-lonsdale-to-join-d-o-g-e-but-palantir-founder-points-out-failure-of-simila">previously attempted similar efficiency initiatives</a> during the former President Barack Obama&#8216;s administration, shared a cautionary tale: &#8220;Obama even verbally agreed to let us do it back in the day but then his people stopped it from going ahead; wasn&#8217;t politically useful to find all that for some reason.&#8221;



Analyzing potential savings areas, Lonsdale identified fraud reduction, entitlement reform, and elimination of unused government buildings as promising targets. However, he expressed skepticism about substantial defense spending cuts, citing strong bipartisan support in Congressional committees and national security considerations.



The initiative&#8217;s evolution reflects growing attention to government efficiency as Trump has appointed Musk to lead a commission auditing federal agencies. This alignment of technology leaders with government reform efforts marks a significant shift in approaches to <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">federal spending reduction</a>.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42906328/crypto-fear-and-greed-index-hits-lowest-level-since-october-as-bitcoin-falls-under-92k-dogecoin-and-shiba-inu-trade-in-red">Crypto Fear And Greed Index Hits Lowest Level Since October As Bitcoin Falls Under $92K, Dogecoin And Shiba Inu Trade In Red</a></li>
</ul>



Image Via Shutterstock 



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

PLTR

TSLA

Palantir Co-Founder Joe Lonsdale Sets Realistic Expectations For Elon Musk's DOGE Initiative: 'Next Trillion Will Be A Lot Harder'

Elon Musk doesn't just focus on building rockets and revolutionizing energy – he's sounding the alarm on something much closer to home: <a href="https://www.benzinga.com/personal-finance/24/07/39692868/both-biden-and-trump-say-theyll-protect-social-security-and-medicare-musk-answers-ai-robotics-wi">America's financial stability</a>. In a November appearance on The Joe Rogan Experience podcast, Musk delivered a stark warning about the ballooning national debt and its spiraling consequences. His words weren't just cautionary; they were a wake-up call.



The numbers are worrisome. The U.S. national debt currently stands at $36.17 trillion, with interest payments on that debt reaching $1.13 trillion in fiscal year 2024 alone. To put that into perspective, nearly a quarter of all federal revenue is now being spent to pay interest. Musk highlighted the gravity of this issue, explaining that if left unchecked, the debt could consume the entire government budget. <a href="https://www.benzinga.com/personal-finance/24/07/39668044/labor-economist-says-if-elon-musk-paid-for-social-security-on-his-salary-for-an-entire-year-it-w">Programs like Social Security and Medicare</a> – critical to millions of Americans – could become unaffordable.



Don't Miss:



<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>



<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>



"There won't be money for anything," Musk said, summing up the dire outlook. "The interest payments, which are already 23% of all government income … that number is continually rising." His frustration wasn't just with the numbers but the lack of a clear plan to address the problem.



Musk's concerns aren't abstract; they tie directly to his experience managing global supply chains and leading massive infrastructure projects.&nbsp;



Musk explained the risks of sudden policy changes when the conversation shifted to tariffs and trade. "I think you need to be careful with tariffs," he said. "I deal a lot with supply chain issues, like the global automotive supply chain for Tesla, for example, is incredibly complex. So when there are sudden changes in tariffs, you're like, ‘Well, we've got a factory somewhere else that's making a part that goes into the car. Now, if that part is suddenly twice as expensive, it messes everything up.'"



See Also: With 100+ historic trademarks including some of the high grossing characters in history, like Cinderella, Snow White and Peter Pan, <a href="https://www.benzinga.com/money/elf-labs-1">this company is transforming the $2 trillion entertainment market with patented AR, VR, and AI tech. — For a short window, investors are able to claim $2/share ($980 min).</a>



He stressed the need for predictability, pointing out that companies <a href="https://www.benzinga.com/startups/24/11/42027079/we-will-pass-those-tariff-costs-back-to-the-consumer-says-ceo-of-autozone-heres-a-look-at-other-companies-raising-prices">can't instantly shift their operations</a>. "You've got to move atoms, like you've got to build a building. You've got to install equipment. You've got to train people. That doesn't happen instantly," Musk said. "So for tariffs, you want to have a ramp so that companies can adjust and build the factories and train the people and get the equipment in place. Otherwise, you basically just shock the system and it breaks or bad things happen."



His perspective reflects the complexity of modern manufacturing. For example, Tesla's supply chain involves countless components sourced from all over the world. A poorly timed policy change could send costs soaring or even halt production. Musk argued that thoughtful, phased approaches to trade policy are essential to avoid economic shocks.



Trending: <a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a>



When asked if printing more money might help ease the debt burden, Musk dismissed the idea as a <a href="https://www.benzinga.com/startups/24/11/41866041/if-you-want-a-new-tesla-cybertruck-you-can-get-it-built-and-delivered-in-10-days-thats-not-a-good-thing-for-the-ev-company">short-term fix with dangerous consequences</a>. While the government technically can't "go bankrupt" in the traditional sense, simply printing dollars devalues the currency, creating hidden costs for everyone. Inflation eats away at purchasing power, effectively punishing citizens for a problem they didn't cause.



For Musk, the path forward requires more than quick fixes. It demands long-term planning and structural reforms to prevent a financial collapse. His bluntness throughout the conversation underscored his urgency: "Hello, wake up. Wake up. I'm like if we don't do something, America is toast. There won't be money for anything."



Musk's message might sound harsh, but it's rooted in math and a desire to see the country thrive rather than falter under the weight of its debt. America has the resources and innovation to tackle these challenges, but time is running out.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a></li>



<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
</ul>

'Hello, Wake Up' – Elon Musk Warns Joe Rogan 'America Is Toast' And Says There Won't Be Money For 'Anything' Unless The Country Takes Action

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