Ultime notizie per Lovesac (NASDAQ:LOVE) Azioni

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Lovesac

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables, and ottomans. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. The majority of the firm's revenue is derived from the sale of Sactionals.

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CarMax, Lovesac e altre 3 azioni: cosa aspettarsi oggi in Borsa

Billionaire investor Peter Thiel once <a href="https://www.benzinga.com/news/20/10/17737269/a-huge-week-for-facebook-alums-peter-thiel-dustin-moskovitz-and-justin-rosenstein">acknowledged that selling</a> his Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), which was earlier known as Facebook, shares too early cost him billions.
What Happened: In an appearance on Piers Morgan Uncensored in 2024, Thiel, the PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) co-founder and Facebook's <a href="https://www.benzinga.com/markets/equities/23/05/32461106/if-you-invested-1-000-in-facebook-stock-at-ipo-11-years-ago-heres-how-much-youd-have-now">first outside investor</a>, reflected on his 2012 decision to sell most of his Facebook stake during the company's initial public offering.
He pocketed around $400 million at the time, but had he held on longer, his shares could have been worth much more.
"I think one of the things that was very hard to gauge… was just how [big tech companies] were going to scale and scale and scale," Thiel told Morgan. "The incorrect view I had back in 2012 was that it was fractal up to $100 billion… but going from $100 billion to a trillion was actually the easiest."
Thiel used the term "fractal" to describe how he viewed the difficulty of scaling businesses in successive magnitudes — from $10 million to $100 million, and up to $100 billion.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46425393/metas-metaverse-dreams-tested-by-new-bytedance-swan-goggles" target="_blank" rel="noreferrer noopener">Meta's Metaverse Dreams Tested By New ByteDance Swan Goggles</a> He believed each step would be just as hard, but misjudged the massive acceleration that can occur once a company hits a certain scale.
The billionaire investor added that as an investor, you want to find opportunities that are both "true and contrarian," and Facebook's eventual rise to over $1.5 trillion in market cap turned out to be just that — widely doubted, but easier to achieve than he imagined.
When asked if selling Facebook stock early was his biggest investing mistake, Thiel admitted, "There are all sorts of mistakes… but the biggest mistake people make is never making mistakes."
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
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Why It's Important: Facebook began as a social networking site for college students, launched by Mark Zuckerberg and his friends in a Harvard dorm in February 2004. Two months later, the company was officially registered, and in June 2004, Thiel made the first major investment—$500,001 for a 10.2% stake—also joining the board.
Thiel remained on Facebook's board until 2022. Today, his estimated net worth is $23 billion, according to the Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>, largely driven by early tech bets including Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and PayPal.
Meta currently has a market capitalization of $1.767 trillion, making it the sixth most valuable company in the world.
The tech giant currently holds a consensus price target of $741.41, according to ratings from 42 analysts. The latest analyst updates came from Cantor Fitzgerald, Canaccord Genuity and B of A Securities have set an average price target of $817.67, suggesting a potential upside of 16.11%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
According to Benzinga's Edge Stock Rankings, META continues to demonstrate a consistent upward trajectory across short, medium and long-term periods. While its growth score remains strong, its value rating is relatively weaker. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/17010906/Screenshot-2025-07-17-at-8.55.57%E2%80%AFAM-1.png" alt="" class="wp-image-988930" /></a></figure>
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46385278/mark-zuckerbergs-meta-expands-ai-talent-with-playai-acquisition-report" target="_blank" rel="noreferrer noopener">Mark Zuckerberg's Meta Expands AI Talent With PlayAI Acquisition: Report</a></li>
</ul>
Photo Courtesy: Mark Reinstein on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tech

PLTR

PYPL

Peter Thiel Once Touched On Selling Facebook Stock Too Early — Palantir Co-Founder Says Misjudged Big Tech's 'Fractal' Path To $1 Trillion

The past week was a rollercoaster ride for the tech and auto sectors. Tesla Inc. faced a few bumps on the road, while Uber Technologies Inc. geared up for the future. Here&#8217;s a quick recap of the top stories.
Tesla&#8217;s Cybertruck Bet Falters
Elon Musk&#8217;s dream of a top-selling electric pickup seems to be fading as the Cybertruck continues to see declining demand. A recent report shows Tesla falling to third place in the electric pickup sector, facing weakened demand for several vehicles across multiple regions.
<a href="https://www.benzinga.com/markets/large-cap/25/07/46475391/tesla-cybertruck-bet-not-paying-off-ford-gm-outsell-ev-giant">Read the full article here.</a>
Tesla Announces New Offers Amid Sluggish US Sales
As the EV giant grapples with lackluster sales figures in the U.S., Tesla has announced a set of new offers on various vehicles in its lineup. This comes in the wake of the Trump administration axing EV incentives.
<a href="https://www.benzinga.com/markets/tech/25/07/46487092/as-trump-axes-ev-incentives-elon-musks-tesla-announces-new-offers-amid-sluggish-us-sales">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/news/earnings/24/04/38417196/ford-q1-earnings-highlights-automaker-beats-street-estimates-guidance-improves-ev-revenue-falls-84" target="_blank" rel="noreferrer noopener">Ford Q1 Earnings Highlights: Automaker Beats Street Estimates, Guidance Improves, EV Revenue Falls 84%</a>
Uber Could Benefit Most From Autonomous Driving Tech
Gary Black, Managing Director of The Future Fund LLC, believes that Uber can benefit from the rapid advancement in autonomous driving technology. He suggests that Tesla could undercut other ride-hailing companies by mastering unsupervised autonomy.
<a href="https://www.benzinga.com/markets/tech/25/07/46485120/gary-black-thinks-uber-benefits-most-as-autonomous-driving-technology-develops-says-tesla-could-undercut-other-ride-hailing-companies-by-mastering-unsupervised-autonomy">Read the full article here.</a>
Tesla Files For Model 3+ Trim in China
Amid a surge in sales, Tesla has filed for a new trim level for the Model 3 sedan in China. This comes as the EV giant&#8217;s sales rebound in the country following a poor start to July.
<a href="https://www.benzinga.com/markets/asia/25/07/46460445/elon-musk-led-tesla-files-for-model-3-trim-in-china-with-500-mile-range-amid-surge-in-sales-report">Read the full article here.</a>
Uber Partners With Lucid, Nuro For $300M AV Push
Uber announced a multi-year strategic partnership with Lucid Group Inc and self-driving software maker Nuro. The partnership aims to add more than 20,000 autonomous vehicles (AVs) to the Uber platform over the next six years.
<a href="https://www.benzinga.com/markets/tech/25/07/46496272/uber-partners-with-lucid-nuro-for-300m-push-into-self-driving-future">Read the full article here.</a>
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<li><a href="https://www.benzinga.com/news/24/04/38285214/fords-mustang-gallops-into-60th-year-still-a-pony-with-plenty-of-kick" target="_blank" rel="noreferrer noopener">Ford's Mustang Gallops Into 60th Year: Still A Pony With Plenty Of Kick</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Tesla's Cybertruck Struggles, Uber's Autonomous Drive And More: This Week In Mobility

As retirement approaches, many people take stock of their financial needs — including whether or not their car will last the next chapter of life. One soon-to-retire driver, <a href="https://www.reddit.com/r/retirement/comments/1lscnv4/should_i_replace_the_car_before_i_retire/">posting to Reddit</a>, asked a simple but important question: Should I replace my 2016 Buick LaCrosse with 138,000 miles before retirement to avoid costly repairs later?
With retirement just over a month away, the driver explained they'll be living on a defined benefit pension and deferred compensation, with Social Security kicking in at 62. They weren't looking for anything brand new — just a one- to two-year-old used car with low mileage.
Here's what fellow <a href="https://www.benzinga.com/personal-finance/management/25/07/46202739/i-will-never-work-again-what-retirees-who-gave-up-work-completely-say-about-life-now">retirees</a>, financial experts, and auto professionals say about making this kind of decision.
Don't Miss:
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<li><a href="https://www.benzinga.com/money/mode-mobile-accredited-investor-offer">Accredited investors can claim pre-IPO shares of Mode Mobile for just $0.30</a>—with up to 120% bonus shares—before this Uber-style disruption hits the public markets</li>
<li>Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a></li>
</ul>
<h2 class="wp-block-heading">Why Some Retirees Say: Keep the Car</h2>
In response to the Reddit post, the majority of commenters offered the same advice: keep driving the Buick until it no longer makes financial sense to repair it. One user suggested, "Drive your current car till it dies a death that costs more than it&#8217;s worth. Then look for another used low mileage car."
Others shared their own strategies. One retiree said they bought a new RAV4 for cash about a year after retiring and passed down their older Honda to their son. They emphasized the peace of mind that comes from owning a reliable vehicle with minimal maintenance costs — and no monthly payments.
<h2 class="wp-block-heading">Financial Experts: Avoid Large Purchases on a Fixed Income</h2>
Buying a car during retirement can strain limited budgets. "Most retired workers are just barely getting by on SS and some savings, maybe even an IRA, and 401(K)," Chris Pyle, a JustAnswer auto expert, told <a href="https://www.gobankingrates.com/retirement/planning/reasons-you-should-not-buy-a-car-when-you-retire/">GoBankingRates</a>.
Trending: $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.
The cost of new cars — plus insurance, maintenance, and interest if financing is involved — can quickly become burdensome. Even used cars are expensive in today's market. "It's a bad time to buy cars anyway, and new cars are often quite expensive even in good times," Scott Lieberman, founder of Touchdown Money, told GoBankingRates. "The cost usually isn't worth it."
<h2 class="wp-block-heading">Alternatives and Strategies</h2>
If your current car is running well, some commenters suggest creating a "car fund" — setting aside money monthly toward a future <a href="https://www.benzinga.com/25/05/45485580/someone-asks-why-do-people-still-equate-luxury-cars-with-being-rich-when-its-common-knowledge-anyone-can-finance-or-lease-a-luxury-car">vehicle purchase</a>. This way, you're prepared if a major repair becomes unavoidable, and you may be able to pay cash when the time comes.
Others point out that retirees often need fewer vehicles, and alternative transportation like ride-shares or public transit can be more economical — and eco-friendly. "If you're retired, there's a good chance that you won't need an additional vehicle during your golden years," Lieberman said.
See Also: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
<h2 class="wp-block-heading">What's the Best Move?</h2>
Ultimately, the Reddit poster decided to keep the Buick for now, noting it's in "great shape." That mirrors the consensus from both the online community and financial experts: unless a new car is a necessity — and you can afford it without putting stress on your <a href="https://www.benzinga.com/personal-finance/management/25/07/46266572/heres-how-much-you-should-have-saved-for-retirement-by-40-50-or-60-are-you-ahead-of-the-curve-or-falling-behind">retirement income</a> — it's often wiser to hold onto your current vehicle.
It's not just about money. It's about peace of mind — and ensuring that your golden years aren't weighed down by unexpected expenses.
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

'Should I Replace The Car Before I Retire?' Soon-To-Retire Driver Debates Trading In 2016 Buick To Avoid Repairs On A Fixed Income

A whirlwind week in consumer tech saw blockbuster earnings, bold AI moves, legal battles, and fresh economic signals reshaping the<a target="_blank" href="https://www.benzinga.com/markets" rel="noreferrer noopener"> industry's outlook.</a>
The second-quarter earnings season opened with strong results from major U.S. banks, but investors remained cautious, focusing on forward guidance and narrowing margins, which<a target="_blank" href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46420414/bank-earnings-performance-q2-citigroup-jpmorgan-blackrock-wells-fargo" rel="noreferrer noopener"> dragged bank stocks lower</a>. Meanwhile, U.S. retail sales surged 0.6% in June after two months of decline, signaling resilient consumer spending despite high <a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46467952/us-retail-sales-june-2025-fed-trump-inflation-consumer" rel="noreferrer noopener">borrowing costs and tariff uncertainties.</a>
Amid this economic backdrop, Federal Reserve Governor Christopher Waller made a strong case for a July rate cut and hinted at his willingness to succeed Jerome Powell if asked <a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july" rel="noreferrer noopener">by President</a><a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july" rel="noreferrer noopener"> Donald Trump</a><a target="_blank" href="https://www.benzinga.com/markets/macro-economic-events/25/07/46491573/waller-fed-chair-trump-rate-cut-july" rel="noreferrer noopener">.</a>
Also Read: <a target="_blank" href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46503030/bitcoin-stuck-below-118000-as-ethereum-xrp-dogecoin-extend-gains" rel="noreferrer noopener">Bitcoin Stuck Below $118,000 As Ethereum, XRP, Dogecoin Extend Gains</a>
In a notable geopolitical shift, China continued reducing its U.S. Treasury holdings for a third consecutive month, bringing its stockpile<a target="_blank" href="https://www.benzinga.com/markets/bonds/25/07/46501603/us-treasury-holdings-foreign-china-japan-trump" rel="noreferrer noopener"> to a 16-year low of $756.3 billion in May.</a>
These economic and geopolitical shifts—ranging from tighter bank margins to China's retreat from U.S. debt—could ripple through the consumer tech world, potentially tightening capital flows, pressuring valuations, and reshaping global <a target="_blank" href="https://www.benzinga.com/news" rel="noreferrer noopener">supply chain dynamics.</a>
Earnings
Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) eported second-quarter revenue of $11.08 billion, up 16% year-over-year. The revenue total beat a <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46481193/netflix-q2-fueled-by-price-ads-squid-game-q3-set-to-repeat" rel="noreferrer noopener">Street consensus estimate of $11.04 billion</a>.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported second-quarter net sales of $30.07 billion, up 38.6% year-over-year, topping the <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46462634/nvidia-supplier-taiwan-semiconductor-on-a-roll-profit-explodes-with-strong-margin-growth" rel="noreferrer noopener">analyst consensus estimate of $30.04 billion.</a>
3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) posted second-quarter adjusted&nbsp;sales of $6.2 billion, reflecting 1.5% organic growth and beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/earnings/25/07/46491058/post-it-maker-3m-defies-tariff-headwinds-with-strong-q2-and-outlook-boost" rel="noreferrer noopener">consensus estimate&nbsp;of $6.09 billion.</a>
Technology
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;CEO Jensen Huang,&nbsp;on his third visit&nbsp;to China this year, praised the country's open-source AI innovation during a fireside chat with&nbsp;Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) Cloud founder&nbsp;Wang Jian&nbsp;at the <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46462378/why-nvidias-jensen-huang-says-china-leads-in-open-source-ai" rel="noreferrer noopener">China International Supply Chain Expo on Thursday.</a>
Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;has reportedly laid off several employees within its&nbsp;Amazon Web Services&nbsp;(AWS) cloud division, as the company continues to restructure amid the growing impact of <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46485457/amazon-slashes-roles-in-aws-cloud-unit-as-ceo-andy-jassy-says-ai-will-reduce-the-need-for-certain-roles-report" rel="noreferrer noopener">generative artificial intelligence.</a>
Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)&nbsp;and&nbsp;Amazon Web Services&nbsp;are launching a $6 million initiative to attract 30 U.S. startups to build AI applications using Meta&#8217;s open-source Llama model, positioning the partnership as a strategic counter to&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46460828/meta-aws-roll-out-6-million-startup-program-to-counter-openai-make-llama-the-go-to-ai-model-for-builders" rel="noreferrer noopener">OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46460828/meta-aws-roll-out-6-million-startup-program-to-counter-openai-make-llama-the-go-to-ai-model-for-builders" rel="noreferrer noopener"> closed-source dominance</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;has signed a $500 million deal with&nbsp;MP Materials Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>), a Pentagon-backed company, to secure a <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46435562/apple-strikes-500-million-deal-with-mp-materials-to-reduce-china-reliance-on-critical-magnets" rel="noreferrer noopener">supply of rare earth magnets.</a>
Apple has filed a lawsuit against YouTuber&nbsp;Jon Prosser&nbsp;and collaborator&nbsp;Michael Ramacciotti, alleging they misappropriated trade secrets tied&nbsp;to the unreleased&nbsp;iOS 26&nbsp;by secretly accessing a <a target="_blank" href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft" rel="noreferrer noopener">confidential development&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft" rel="noreferrer noopener">iPhone</a><a target="_blank" href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft" rel="noreferrer noopener">.</a>
Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)&nbsp;announced two key leadership <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46492462/marvell-reshuffles-leadership-as-it-looks-to-reignite-momentum-rebuild-investor-confidence" rel="noreferrer noopener">promotions effective July 15, 2025</a>.&nbsp;
Chris Koopmans&nbsp;has been elevated to president, while&nbsp;Sandeep Bharathi&nbsp;has been named president of the company&#8217;s Data Center Group. Both executives will report directly to&nbsp;Matt Murphy, Marvell&#8217;s&nbsp;<a target="_blank" href="https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&amp;ref=319307113&amp;type=HTML&amp;symbol=MRVL&amp;cdn=a9d5cd7e414d4a656d39e5ac0131183d&amp;companyName=Marvell+Technology+Inc.&amp;formType=8-K&amp;dateFiled=2025-07-17&amp;tblci=GiAIRlI0k8093O7NDun8A3VPr6xAR70_aoZJ6XnLiAtCAyCN1Vcoz7Dpifi1v-7FATDviEo" rel="noreferrer noopener">chair and CEO</a>.
Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) announced it is actively assembling a specialized machine learning and artificial intelligence team that will oversee development in areas such as search functions, content recommendations, creator tools and the platform&#8217;s short-form <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46480518/whats-going-on-with-rumble-shares-today" rel="noreferrer noopener">video segment, Rumble Shorts.&nbsp;</a>
Artificial Intelligence (AI)
The&nbsp;Donald Trump&nbsp;administration is reportedly preparing a sweeping executive order aimed at curbing&nbsp;perceived liberal bias&nbsp;in artificial intelligence models used<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487059/trump-white-house-to-crack-down-on-woke-ai-with-executive-order-targeting-political-bias-in-government-contracted-chatbots-and-models-report" rel="noreferrer noopener"> by government contractors.</a>
Hadrian, a defense manufacturing startup, has successfully concluded a $260 million Series C funding round, led by <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener">Peter Thiel's Founders Fund</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener"> and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener">Lux Capital</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona" rel="noreferrer noopener">.</a>
OpenAI&nbsp;has finally completed its&nbsp;<a target="_blank" href="https://www.benzinga.com/tech/25/05/45640879/openais-sam-altman-says-6-5b-deal-with-jony-ive-to-build-ai-companions-could-add-1-trillion-in-company-value-report" rel="noreferrer noopener">$6.5 billion acquisition</a>&nbsp;of&nbsp;Jony Ive&#8217;s&nbsp;AI hardware startup&nbsp;io Products, officially bringing the former&nbsp;Apple&nbsp;design chief and his team into the fold to build a new generation of <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46335969/openai-finalizes-6-5-billion-deal-to-acquire-jony-ives-ai-hardware-startup-heres-what-we-know-about-their-first-device" rel="noreferrer noopener">AI-native devices.</a>
Elon Musk-led artificial intelligence company,&nbsp;xAI, unveiled new technology that will help the company &#8220;sustainably&#8221; cool <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46487316/elon-musks-xai-unveils-sustainable-way-to-cool-memphis-data-center-amid-criticism-from-environmental-rights-groups" rel="noreferrer noopener">its Memphis data center.</a>
Automobiles
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly preparing to introduce a longer, six-seat version of its Model Y sport<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46452257/whats-going-on-with-tesla-stock-on-wednesday" rel="noreferrer noopener"> utility vehicle in China.</a>
WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>)&nbsp;announced on Thursday the launch of fully driverless Robobus operations at Resorts World Sentosa, Singapore (RWS), the first autonomous vehicle in Southeast Asia to<a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46462955/werides-driverless-robobus-approved-in-singapore" rel="noreferrer noopener"> operate without a safety officer on board.</a>
Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) replaced Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) and DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>)
ousted Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) in the <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/07/46449975/rivian-unseats-lucid-draftkings-ousts-plug-power-in-russell-1000-shake-up" rel="noreferrer noopener">latest Russell 1000 index reshuffle.</a>
Lucid Group is making two major moves this week-one to restructure its stock and another to deepen its footprint<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/07/46497381/whats-going-on-with-lucid-group-stock-today-7" rel="noreferrer noopener">&nbsp;in autonomous mobility</a>.
Meanwhile, TD Cowen maintained a Hold rating on Lucid Group, with a price target of&nbsp;$2.30.
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Tech News (July 14–July 18): China Cuts US Debt, Fed Signals Rate Shift, Netflix And TSMC Lead Earnings Beat; Meta-AWS Push AI

The past week has been a whirlwind of activity in the tech world, with a particular focus on the rise and impact of artificial intelligence (AI). From the introduction of AI-native browsers to new AI job requirements at Amazon, the industry is buzzing with developments. Here&#8217;s a quick recap of the top stories.
AI Disruption in Browsers, Not Chatbots 
Perplexity&#8217;s CEO, Aravind Srinivas, has introduced Comet, an AI-native browser designed to fully automate key white-collar roles. Unlike typical AI assistants, Comet integrates directly with workplace apps like Gmail, LinkedIn, and Google Calendar to perform high-value tasks.
<a href="https://www.benzinga.com/markets/tech/25/07/46508035/forget-chatbots-perplexitys-aravind-srinivas-says-the-real-ai-disruption-is-in-the-browser-and-its-coming-for-office-jobs">Read the full article here.</a>
AI Becomes a Job Requirement at Amazon
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has implemented a new policy at its Ring division, making AI a requirement for promotions. The new policy, announced by Ring&#8217;s founder Jamie Siminoff, mandates that all promotion applications must now include details on how AI is utilized in their roles.
<a href="https://www.benzinga.com/markets/tech/25/07/46507890/amazon-ring-is-making-ai-a-job-requirement-starting-with-promotions">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/analyst-color/25/07/46496809/magnificent-7-stocks-wall-streets-estimates-google-alphabet-microsoft" target="_blank" rel="noreferrer noopener">These Two Magnificent 7 Stocks Are About To Hit Overdrive — And Wall Street&#8217;s Getting Excited</a>
Meta&#8217;s AI Talent Raid
Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has intensified its AI talent war by hiring two key former Apple engineers for its Superintelligence Labs team. This move comes just weeks after Meta poached their former boss, Ruoming Pang, with a multi-year pay package reportedly worth over $200 million.
<a href="https://www.benzinga.com/markets/tech/25/07/46501869/meta-raids-apples-ai-lab-with-big-paychecks-zuckerberg-bets-to-win-the-ai-race">Read the full article here.</a>
Peter Thiel-Backed Hadrian Raises $260 Million
Defense manufacturing startup Hadrian has successfully concluded a $260 million Series C funding round. The funding will be utilized to establish a new 270,000 square foot factory in Mesa, Arizona, and expand its Torrance, California, location.
<a href="https://www.benzinga.com/markets/tech/25/07/46487918/peter-thiel-backed-hadrian-raises-260-million-to-build-ai-powered-mega-factory-in-arizona">Read the full article here.</a>
Chamath Palihapitiya Slams AI Agent Hype
Billionaire investor Chamath Palihapitiya has criticized the underwhelming performance of AI systems in large corporations, calling 2025 a &#8220;year of letdowns&#8221; for these systems. He also promoted his product, the &#8216;Software Factory&#8217; developed by 8090 Solutions Inc., as a reliable alternative.
<a href="https://www.benzinga.com/markets/tech/25/07/46485314/chamath-palihapitiya-slams-ai-agent-hype-as-year-of-letdowns-touts-8090s-software-factory-as-no-gimmick-alternative">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/tech/25/07/46487092/as-trump-axes-ev-incentives-elon-musks-tesla-announces-new-offers-amid-sluggish-us-sales" target="_blank" rel="noreferrer noopener">As Trump Axes EV Incentives, Elon Musk&#8217;s Tesla Announces New Offers Amid Sluggish US Sales</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

Disruption In Browsers, Amazon's AI Job Requirement, Meta's AI Talent Raid And More: This Week In AI

The past week was a whirlwind of cryptocurrency news, with the Trump family and their associates making headlines. From Senator Elizabeth Warren&#8217;s scathing comments on a potential quid pro quo involving the Trump family&#8217;s cryptocurrency ventures to President Donald Trump&#8217;s public endorsement of the GENIUS Act, the week was filled with significant developments.
Here&#8217;s a recap of the top stories.
Warren Questions Trump Family&#8217;s Crypto Interests
Senator Elizabeth Warren (D-Mass.) raised concerns about a potential quid pro quo involving the Trump family&#8217;s cryptocurrency ventures and Binance&#8217;s convicted ex-CEO Changpeng Zhao. Warren referred to a report that claimed Binance covertly assisted a Trump-backed cryptocurrency company, World Liberty Financial, in developing the USD1 stablecoin.
<a href="https://www.benzinga.com/news/politics/25/07/46410017/elizabeth-warren-says-convicted-felon-leveraged-trump-familys-crypto-interests-for-pardon-senator-m">Read the full article here.</a>
Trump&#8217;s &#8216;Happy Crypto Week&#8217;
President Donald Trump took to social media to call on all Republicans to support the GENIUS Act, a comprehensive crypto bill aimed at positioning the United States as the global leader in digital assets. Trump&#8217;s endorsement came during what is now being referred to as &#8220;Crypto Week.&#8221;
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46424764/trump-wishes-bitcoin-ethereum-xrp-happy-crypto-week-it-is-all-part-of-make-america-great-again">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46477874/xrp-explodes-for-32-weekly-rally-to-form-a-golden-cross-all-time-highs-soon" target="_blank" rel="noreferrer noopener">XRP Explodes For 32% Weekly Rally To Form A Golden Cross: All-Time Highs Soon?</a>
Thumzup Media&#8217;s $250M Crypto Investment
Thumzup Media Corporation, a digital adtech company backed by Donald Trump Jr., received board approval to invest up to $250 million in cryptocurrencies. The authorization allows Thumzup to hold a diversified portfolio of digital assets.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46491139/donald-trump-jr-backed-thumzup-media-approves-250m-in-bitcoin-ethereum-xrp-sol-dogecoin-treasury-purchases">Read the full article here.</a>
Trump Secures Support For Stablecoin Bill
President Donald Trump announced that he had secured the commitment of House Republicans to vote in favor of the GENIUS Act, also known as the stablecoin bill. The announcement came after procedural failures had earlier halted the bill&#8217;s progress.
<a href="https://www.benzinga.com/news/politics/25/07/46435915/trump-says-11-of-12-republicans-needed-now-support-stablecoin-bill-after-earlier-setback-theyve-all">Read the full article here.</a>
Bitcoin Bull Run Predicted
Bitcoin advocate Udi Wertheimer suggested that Bitcoin is entering an explosive bull run, similar to Dogecoin&#8217;s surge in 2020–2021. Wertheimer argued that Bitcoin&#8217;s surge is not just about price, as legacy crypto holders are being replaced by institutions, ETFs, and treasuries.
<a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46421044/bitcoin-advocate-says-btc-will-emulate-2021-dogecoin-run-this-thesis-will-retire-your-bloodline">Read the full article here.</a>
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<li><a href="https://benzinga.com/crypto/cryptocurrency/25/07/46498293/within-4-years-this-xrp-will-buy-me-a-lambo-trader-said-in-2019-now-hes-up-176000" target="_blank" rel="noreferrer noopener">&#8216;Within 4 Years, This XRP WIll Buy Me A Lambo,&#8217; Trader Said In 2019 — Now He&#8217;s Up $176,000</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

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

Cryptocurrency

Media

The Trumps, Bitcoin Bull Run And Stablecoin Bill: This Week In Crypto

Jensen Huang, CEO of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), made a high-profile appearance at the China International Supply Chain Expo this week, delivering a message of cooperation amid lingering trade tensions <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46457371/nvidia-reloads-china-jensens-pitch-let-me-sell-the-good-stuff" rel="noreferrer noopener">between the United States and China.</a>
During his third visit to China in less than a year, Huang donned a traditional Chinese tang suit and greeted audiences with a few lines in Mandarin.
His presence, alongside a surge in U.S. company participation, highlighted tentative progress in cross-border diplomacy, South China Morning Post <a target="_blank" href="https://www.scmp.com/economy/china-economy/article/3318784/nvidia-ceo-jensen-huang-charms-china-trade-war-fears-still-lurk-beneath-surface?module=top_story&amp;pgtype=homepage" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/tech/25/07/46507658/microsoft-ends-china-based-tech-support-for-pentagon-projects-amid-national-security-backlash" rel="noreferrer noopener">Microsoft Ends China-Based Tech Support For Pentagon Projects Amid National Security Backlash</a>
Huang announced that the Biden administration had cleared Nvidia to ship its H20 chip to China — a customized, less powerful alternative to the firm&#8217;s top-tier AI processors blocked by prior sanctions.
The gesture was framed as part of broader efforts to ease commercial strains between the two nations.
American firms represented the largest foreign group at the event, with attendance up by 15% over last year.
Despite the positive optics, underlying worries about tariff escalations and fractured supply chains still haunted participants, especially in the agricultural and raw materials sectors, the report adds.
A Chinese buyer at the U.S. Grains Council booth said ongoing duties — including a 10% tariff on rice bran — have devastated profits.
According to a U.S. state trade official based in China, many Republican and swing states have shuttered their in-country offices, leaving just a handful of Democrat-led states with an active footprint.
Prospective Chinese investors, too, have put plans on ice due to bureaucratic delays and fears of retaliatory policies.
One Chinese firm in the raw materials space canceled plans to build warehousing infrastructure in the U.S. after zoning and documentation issues compounded post-tariff uncertainties.
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<li><a href="https://www.benzinga.com/25/05/45396297/cathie-wood-dumps-palantir-as-stock-touches-peak-prices-bails-on-soaring-flying-taxi-maker-archer-aviation" target="_blank" rel="noreferrer noopener">Cathie Wood Dumps Palantir As Stock Touches Peak Prices, Bails On Soaring Flying-Taxi Maker Archer Aviation</a></li>
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Image: Shutterstock/jamesonwu1972

Nvidia's Jensen Huang Charms China With AI Diplomacy as Tariff Tensions Linger

As the weekend wraps up, there&#8217;s no shortage of intriguing stories surrounding&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). From acquisition speculations to legal disputes, the tech giant has been at the center of numerous headlines. Here&#8217;s a quick recap of the top five stories that made waves over the weekend.
Apple&#8217;s $60 Billion Acquisition Buzz
The tech world is abuzz with speculations about Apple&#8217;s massive $60 billion cash reserve. With rivals advancing in AI, many are wondering if it&#8217;s time for Apple to make a bold move. The discussions intensified after the company confirmed that COO Jeff Williams will retire in 2025, leading to speculations about a potential shift in Apple&#8217;s approach, particularly towards artificial intelligence.
<a href="https://www.benzinga.com/markets/tech/25/07/46348639/apple-acquisition-buzz-60-billion-cash-reserve">Read the full article here.</a>
Apple Sues YouTuber Jon Prosser
Apple has filed a lawsuit against YouTuber Jon Prosser and his collaborator Michael Ramacciotti. The tech giant alleges that the duo misappropriated trade secrets related to the unreleased iOS 26 by secretly accessing a confidential development iPhone. The leak reportedly originated from an internal iPhone used by a now-terminated Apple employee, Ethan Lipnik.
<a href="https://www.benzinga.com/news/legal/25/07/46487617/apple-sues-youtuber-jon-prosser-over-alleged-ios-26-leak-involving-secret-iphone-access-facetime-footage-and-trade-secrets-theft">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/07/46487409/palmer-luckey-says-theres-a-chance-anduril-launches-american-made-computers-soon-rules-out-chance-of" target="_blank" rel="noreferrer noopener">Palmer Luckey Says &#8216;There&#8217;s A Chance&#8217; Anduril Launches American-Made Computers Soon, Rules Out Chance Of A Humanoid Robot</a>
Tim Cook&#8217;s Political Balancing Act
According to Justin Wolfers, an economist at the University of Michigan, Apple CEO Tim Cook has been spending more time managing politics than pursuing new innovations in recent months. This observation has sparked a debate on the balance between innovation and political favoritism in the tech industry.
<a href="https://www.benzinga.com/markets/large-cap/25/07/46458652/tim-cooks-new-job-is-keeping-trump-happy-says-economist-justin-wolfers-innovation-takes-a-back-seat-to-political-favoritism">Read the full article here.</a>
Apple&#8217;s $500 Million Deal with MP Materials
In a strategic move to reduce reliance on China, Apple has signed a $500 million deal with MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>), a Pentagon-backed company. The deal aims to secure a consistent supply of rare earth magnets, which are critical components in many of Apple&#8217;s products.
<a href="https://www.benzinga.com/markets/tech/25/07/46435562/apple-strikes-500-million-deal-with-mp-materials-to-reduce-china-reliance-on-critical-magnets">Read the full article here.</a>
Jim Cramer&#8217;s Take on Apple&#8217;s Stock
CNBC&#8217;s &#8216;Mad Money&#8217; host Jim Cramer believes that Apple&#8217;s stock could soar if the company makes strategic acquisitions and halts its stock buyback program. According to Cramer, these moves could propel Apple, the third-largest company in the world, to new heights.
<a href="https://www.benzinga.com/markets/equities/25/07/46439852/aapl-stock-would-soar-if-it-buys-this-says-jim-cramer-continued-buybacks-will-do-nothing">Read the full article here.</a>
Read Next:
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</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: jamesteohart / Shutterstock.com

Acquisition Buzz, Legal Battles And Tim Cook's Balancing Act: This Week In Appleverse

The past week was a rollercoaster ride in the world of economics and finance. From President Donald Trump&#8217;s tariff threats against Russia to the Federal Reserve&#8217;s cautious stance amidst rising inflation, there was no shortage of headlines.
Here&#8217;s a quick recap of the top stories that made waves over the weekend.
Trump&#8217;s Tariff Threat Draws Criticism
President Donald Trump&#8217;s recent threat of imposing a 100% tariff on Russia if no peace deal is reached in Ukraine within 50 days has been met with criticism and mockery from leading economist Justin Wolfers. Wolfers pointed out that the U.S. already has sanctions on Russia, making any tariff figure irrelevant for Moscow at this point.
<a href="https://www.benzinga.com/markets/economic-data/25/07/46407695/trumps-100-tariff-threat-on-almost-nothing-trade-with-russia-a-prescription-for-how-to-soun">Read the full article here.</a>
Trump&#8217;s Rate Cut Calls Clash With Rising Inflation
President Trump&#8217;s calls for aggressive rate cuts collided with economic reality as June&#8217;s rising inflation dynamics offered a temporary win for Federal Reserve Chair Jerome Powell&#8217;s cautious stance. June&#8217;s headline inflation accelerated to 2.7% year over year, up from 2.4% in May, marking the highest reading since February.
<a href="https://www.benzinga.com/markets/economic-data/25/07/46430675/trump-powell-june-inflation-fed-rate-cuts">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/analyst-stock-ratings/analyst-color/25/07/46496809/magnificent-7-stocks-wall-streets-estimates-google-alphabet-microsoft" target="_blank" rel="noreferrer noopener">These Two Magnificent 7 Stocks Are About To Hit Overdrive — And Wall Street&#8217;s Getting Excited</a>
June Inflation Report Fuels Fed Rate Cut Hopes
The June inflation report brought relief to Wall Street as the headline Consumer Price Index (CPI) matched expectations, while core inflation came in slightly cooler than forecast, reviving optimism for interest rate cuts later this year.
<a href="https://www.benzinga.com/markets/economic-data/25/07/46413961/june-inflation-cpi-report">Read the full article here.</a>
Federal Reserve&#8217;s Beige Book Reveals Tariff-Driven Profit Squeeze
The latest Federal Reserve study of economic conditions reveals that businesses that did not raise prices or pass on the impact of tariffs to their customers are likely to take a hit on their profit margins.
<a href="https://www.benzinga.com/markets/economic-data/25/07/46461053/federal-reserves-beige-book-reveals-tariff-driven-profit-squeeze-as-businesses-avoid-price-">Read the full article here.</a>
Powell Defends $2.5 Billion Fed HQ Overhaul
Federal Reserve Chair Jerome Powell defended the central bank&#8217;s multi-billion-dollar renovation of its Washington, D.C. headquarters, emphasizing that the project is being managed responsibly, with no extravagant features or misuse of public funds.
<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46485087/jerome-powell-defends-2-5-billion-fed-hq-overhaul-says-no-vip-dining-rooms-no-priva">Read the full article here.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/07/46438576/nvidia-is-on-a-march-to-5-trillion-market-capitalization-says-dan-ives-as-he-predicts-bullish-environment-for-tech-and-crypto-very-strong-second-half" target="_blank" rel="noreferrer noopener">Nvidia Is ‘On A March To $5 Trillion&#8217; Market Capitalization, Says Dan Ives As He Predicts Bullish Environment For Tech And Crypto: ‘Very Strong Second Half&#8217;</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Economics

Trump's Tariff Threat, Inflation Dynamics And Federal Reserve Updates: This Week In Economy

The week was a whirlwind of political and entertainment news, with major developments from Brazil to Hollywood. From the intensifying legal actions against former Brazilian President Jair Bolsonaro to Bill Gates warning about the potential consequences of the U.S. reducing its support for global tuberculosis treatment, there was no shortage of headlines. Let&#8217;s dive into the top stories.
Brazil&#8217;s Supreme Court Cracks Down on Bolsonaro
The legal woes of former Brazilian President Jair Bolsonaro escalated as Brazil&#8217;s Supreme Court issued search warrants and restraining orders against him. The court&#8217;s actions follow allegations that Bolsonaro sought interference from U.S. President Donald Trump. Bolsonaro, now under house arrest and barred from social media, has decried the court&#8217;s actions as a &#8220;supreme humiliation.&#8221;
<a href="https://www.benzinga.com/news/politics/25/07/46507563/trump-ally-jair-bolsonaro-hit-with-restraining-order-as-brazil-supreme-court-cracks-down-marco-rubio-calls-it-political-witch-hunt">Read the full article here.</a>
Bill Gates Warns of TB Aid Cuts Consequences
Microsoft co-founder Bill Gates has raised concerns about the potential fallout of the U.S. reducing its support for global tuberculosis treatment and diagnosis efforts. Gates warned that if the U.S. scales back its global TB aid, it could lead to at least 2 million additional deaths.
<a href="https://www.benzinga.com/news/health-care/25/07/46507574/bill-gates-warns-us-cuts-to-tb-aid-could-lead-to-2-million-additional-deaths-worldwide">Read the full article here.</a>
See Also:&nbsp;<a href="https://benzinga.com/article/4399443" target="_blank" rel="noreferrer noopener">8 Lessons Executives Can Learn From &#8216;House Of Cards&#8217; &#8211; Benzinga</a>
Trump Revels in Colbert&#8217;s Late Show Cancellation
President Donald Trump expressed delight over Paramount Global&#8217;s decision to cancel The Late Show with Stephen Colbert, calling the host talentless and suggesting the move was overdue. Trump&#8217;s comments came in a post on Truth Social, where he wrote, &#8220;I absolutely love that Colbert got fired. His talent was even less than his ratings.&#8221;
<a href="https://www.benzinga.com/news/entertainment/25/07/46507946/trump-celebrates-stephen-colberts-late-show-cancellation-slams-cbs-and-calls-host-talentless-amid-paramount-settlement-controversy">Read the full article here.</a>
China Sends Trump a $756 Billion Message
Despite a trade truce agreed upon at May's Geneva summit, China has reduced its U.S. Treasury holdings to the lowest level in over 16 years. In May, Beijing trimmed its stockpile of American debt to $756.3 billion, marking the third straight month of reductions.
<a href="https://www.benzinga.com/markets/bonds/25/07/46501603/us-treasury-holdings-foreign-china-japan-trump">Read the full article here.</a>
Warren Demands Explanation for Colbert&#8217;s Show Cancellation
The decision to cancel the &#8220;Late Show With Stephen Colbert&#8221; has drawn the attention of Congress, with Senator Elizabeth Warren demanding an explanation from Paramount Global. The show&#8217;s cancellation comes on the heels of a settlement between the media company and President Donald Trump.
<a href="https://www.benzinga.com/news/politics/25/07/46496489/elizabeth-warren-demands-paramount-explain-colberts-late-show-cancellation-america-deserves-to-know">Read the full article here.</a>
Read Next:&nbsp;<a href="https://benzinga.com/markets/commodities/25/07/46469746/canada-hits-back-at-trumps-50-steel-tariffs-with-1-billion-rescue-new-quota-system" target="_blank" rel="noreferrer noopener">Canada Hits Back At Trump&#8217;s 50% Steel Tariffs With $1 Billion Rescue, New Quota System</a>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>
Photo courtesy: Shutterstock

Politics

Bolsonaro's Restraining Order, Gates' TB Warning, And Late Show Drama: This Week In Politics

After a volatile start to the year, the stock market has rebounded — offering investors, especially retirees, a valuable chance to reassess their portfolios. Financial expert <a href="https://www.benzinga.com/personal-finance/management/25/07/46266281/divorce-at-72-leaves-woman-working-full-time-to-make-ends-meet-but-thats-not-all-suze-orman-weighs-in">Suze Orman</a> is encouraging older Americans to use this moment of market recovery as an opportunity to adjust their investment strategies.
<h2 class="wp-block-heading">Market Recovery Offers a Second Chance</h2>
Orman shared that in the first few months of 2025, the S&amp;P 500 dropped more than 15%, and the Nasdaq 100 saw losses close to 20%. But by late June, both indexes had not only bounced back — they posted gains for the year. This quick turnaround, she says, is a rare window for reflection and course correction.
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"If you were anxious during the market sell-off in the first half of the year, now is a good time to think through whether it is indeed time to reduce your overall allocation to stocks," Orman wrote in a recent <a href="https://www.suzeorman.com/blog/Your-Mid-Year-Investment-Check-Up">blog post</a>
<h2 class="wp-block-heading">Your Strategy May Need an Update</h2>
Orman points out that the same investment strategy that worked in your 40s or early 50s might not serve you well in your 60s or 70s. While she says that stocks still have a place in <a href="https://www.benzinga.com/personal-finance/management/25/06/46043866/can-you-guess-what-single-asset-makes-up-30-of-the-average-americans-portfolio-its-not-a-401k">retirement portfolios</a> — particularly to help outpace inflation — she advises against holding an overly aggressive position.
Someone who once had 80% of their portfolio in stocks may now want to take a more balanced approach. "Each of us has to know what will work for us," Orman wrote. That includes reevaluating your risk tolerance as you age and your income needs shift.
Trending: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — <a href="https://www.benzinga.com/money/americans-spend-1000-per-year-on-plastic-water-bottles-kara-pod-gives-you-clean-drinking-water-by-pulling-moisture-from-the-air">And You Can Invest At Just $6.37/Share</a>
<h2 class="wp-block-heading">Build a Cash Cushion for Stability</h2>
One of Orman's key pieces of advice for retirees is to maintain a solid cash reserve. She recommends setting aside at least two to three years' worth of living expenses in cash — not including your emergency savings.
This buffer allows retirees to avoid dipping into stock investments during downturns, helping to preserve long-term growth while providing peace of mind. If you don't currently have that cushion, Orman suggests that now — while markets are up — may be a smart time to build it.
"Being able to cover your living costs without touching stocks when they are down…is how you sleep soundly in retirement," she explains.
<h2 class="wp-block-heading">Prepare for Ongoing Volatility</h2>
Although the market has shown resilience so far this year, Orman cautions that more turbulence may lie ahead. Factors like <a href="https://www.benzinga.com/markets/equities/25/06/45994928/global-investing-in-an-age-of-geopolitical-uncertainty">global trade uncertainty</a> and shifts in the job market due to artificial intelligence could continue to shake investor confidence.
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Still, she says the long-term case for stocks remains strong. The key is having the right mix of investments to reflect both your risk tolerance and your retirement timeline.
<h2 class="wp-block-heading">Time to Rebalance?</h2>
If the recent market rally has you feeling relieved but uncertain, now may be the perfect time to rebalance your portfolio. Whether that means reducing your stock exposure, increasing your cash reserves, or simply reviewing your asset mix, Orman's message is clear: your financial strategy should evolve with your life.
"Recalibrating your overall investments in stocks to match your risk tolerance and your needs is smart prep work for whatever lies ahead," she says.
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Image: Shutterstock

'What Worked for You 5 Or 10 Years Ago May Not Be The Right Strategy': Suze Orman Warns Retirees To Rebalance While Markets Are Up

An aspiring buyer with $100,000 in savings recently asked Reddit&#8217;s <a href="https://www.reddit.com/r/smallbusiness/comments/1m043hq/what_are_the_best_boring_business_to_buy_from/">r/smallbusiness</a> community, "What are the best &#8216;boring&#8217; businesses to buy from <a href="https://www.benzinga.com/personal-finance/24/09/40987007/baby-boomers-are-the-richest-generation-ever-but-being-pretty-stingy-with-their-money-and-younge">retiring boomers</a>?" They said they were eyeing a $200,000 business where seller financing could cover the rest.
<h2 class="wp-block-heading">Reddit Responds: Laundromats, Car Washes And More</h2>
The responses poured in, and the most recommended business types had one thing in common: they're stable, not flashy.
&#8220;Laundromats in college towns or near apartment complexes do quite well,&#8221; one commenter wrote. Another chimed in: &#8220;Right up my alley. Every business I've ever bought was from a boomer.&#8221; They recommended buying established fast-casual restaurants. &#8220;If they've been around for over 15 years you're almost guaranteed success. Stay away from full service.&#8221;
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Car washes, <a href="https://www.benzinga.com/news/25/04/44630156/self-run-car-wash-profits-thousands-per-month-for-young-entrepreneur-i-basically-just-stop-by-to-mix-the-soap">especially automated ones</a>, also got plenty of love. <a href="https://www.benzinga.com/24/05/38826490/cannabis-beverages-at-liquor-stores-largest-wine-retailer-in-us-selling-6byear-adding-thc-to-the-men">Liquor stores</a> were mentioned too, but with a warning: they only work well in states with flexible liquor laws. &#8220;If you're in California, do it. If you're in Alabama, don't,&#8221; one experienced buyer noted.
Some looked to more niche but proven paths. &#8220;Bought a ballroom dance studio with a partner for this amount back at the end of 2021. It&#8217;s a niche market &#8230; and overall it is a cash cow,&#8221; one person shared. Others suggested bridal stores, <a href="https://www.benzinga.com/money/invest-in-storage-units">storage units</a>, even yacht charter operations—provided the inefficiencies could be cleaned up.
<h2 class="wp-block-heading">The Realities Of Buying A Boomer Business</h2>
The romanticized idea of buying a business from a retiring boomer got a reality check. Many warned that what looks like a turnkey operation may actually be a mess under the hood.
&#8220;40 year old business, financials are sh&#x2A;t because the seller is 83 years old and didn't know what [customer relationship management] is,&#8221; one buyer shared about their custom woodworking shop purchase. &#8220;But lots of upside. Time will tell. Ask me again in 6 months.&#8221;
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Tariffs, outdated tech, and owner-dependent operations were also common pain points. &#8220;You might be buying the headache and whatever the equipment is worth,&#8221; one commenter responded.
<a href="https://www.benzinga.com/partner/general/24/05/38901957/sell-your-business-before-your-kids-do-business-broker-experts-share-their-advice-for-retiring-ba">Business brokers</a> joined the discussion to offer clarity. &#8220;Do not focus on popular business industries,&#8221; one wrote. &#8220;The right opportunities are the ones that match your interests, experience, skills, location, and budget.&#8221;
<h2 class="wp-block-heading">The Financing Side Of Things</h2>
The original poster was hoping for a deal where the seller would finance half. Several people pointed out that seller financing isn't as common as it sounds on social media. &#8220;In the U.S., sellers prefer buyers with [Small Business Administration] loans because they can receive 80-100% of the purchase price at closing,&#8221; the business broker explained.
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That means with $100,000 down, a buyer could potentially go after businesses worth up to $1 million using a mix of <a href="https://www.benzinga.com/partner/general/24/06/39311146/lifeline-for-micro-businesses-ai-and-fintech-simplify-sba-loans-leading-to-more-companies-securin">SBA loans</a> and seller notes. But the reality is more competitive than many realize.&nbsp;
A few veterans of the small business scene gave OP a friendly dose of realism. &#8220;You are not going to find a stable 100K profit business for your 100K down, 100K loan,&#8221; one person warned. &#8220;That only happens in TikTok fantasy stories.&#8221;
Still, others offered encouragement. &#8220;My friend who purchases businesses from 60+ owners looks for poorly run but profitable businesses that he can go in and clean up,&#8221; one person said. &#8220;Usually takes him about a year to get them up to speed, then he moves onto the next business.&#8221;
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A Potential Investor Reached Out To Small Business Owners Asking, 'What Are The Best 'Boring' Businesses To Buy From Retiring Boomers?'

A Reddit user <a href="https://www.reddit.com/r/financialindependence/s/RYDKwo2Idr">posed a question</a> that hits home for a lot of families trying to help their aging parents navigate retirement: Does it make sense to buy an annuity?
The post laid it all out. Their dad is 80. Mom is 65. They've <a href="https://www.benzinga.com/personal-finance/management/25/07/46266572/heres-how-much-you-should-have-saved-for-retirement-by-40-50-or-60-are-you-ahead-of-the-curve-or-falling-behind">got around $687,000 in investments</a> and roughly $69,000 in annual income from Social Security and a pension. The user considered letting them follow the variable percentage withdrawal method—basically taking around 5.1% from the portfolio each year. That would give them about $85,000 in income annually, which should cover their estimated $75,000 in yearly expenses.
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Still, they weren't fully convinced. "I don't trust that she truly <a href="https://www.benzinga.com/personal-finance/24/11/41869557/can-you-guess-how-much-the-average-retiree-spends-per-month-hint-its-likely-more-than-youd-think">understands how much they spend</a>," they said about their mom, who believed their retirement spending would naturally drop. So the user started looking into annuities. Fixed, guaranteed income for life? Fewer surprises? It seemed appealing, especially for parents with such a large age gap. And they were fine with the idea that it might use up most of the money. "Yes, they won't leave anything to us when they pass, but it would be split six ways anyway," they wrote.
That kind of honesty sparked plenty of responses. Some suggested the VPW method could still work. Others were quick to bring up annuity rates, which in mid-2025 have climbed significantly. Several said that fixed annuities were now paying over 5%, with joint lifetime annuities offering even more for older buyers. That's where the math starts to matter.
The original post didn't specify exactly how much they'd consider converting, but let's say the parents decided to put $500,000 into a <a href="https://www.benzinga.com/personal-finance/24/09/40739486/if-i-buy-a-100-000-annuity-how-much-cash-will-it-pay-me-each-month">joint immediate annuity</a>. Based on current market rates, that could generate around $2,350 to $2,500 per month, or roughly $28,000 to $30,000 per year. Add that to their existing $69,000 in Social Security and pension income, and their total annual income could land around $97,000 to $99,000.&nbsp;
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But once they commit to an annuity, that money is locked in. It's not available for emergencies, unexpected medical costs, or any big one-time expenses. If they choose inflation protection, the monthly payouts drop at the start in exchange for gradual increases later. And unless they add specific riders, there's typically no money left over for heirs. For retirees focused on guaranteed income and less day-to-day decision-making, it might be worth the trade-off. But for others, the loss of flexibility—especially with a large chunk of savings—can feel like too big a sacrifice.
In this case, the adult child wasn't chasing returns—they just wanted to make sure their parents didn't run out of money. An annuity could help with that. But it's not the only answer. The right move depends on spending habits, health, priorities, and how much they value predictability over control.
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Should My 80-Year-Old Dad and 65-Year-Old Mom Turn Their $687,000 Nest Egg Into an Annuity? 'I Don't Think They Realize How Much They're Spending'

Tennis great Roger Federer's most lucrative financial move wasn't made on a tennis court — it came through a strategic <a href="https://press.on-running.com/roger-federer-joins-swiss-running-brand-on-as-an-entrepreneur">investment</a> in a Swiss sneaker company, On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>).
According to <a href="https://www.bloomberg.com/billionaires/">Bloomberg's Billionaire Index</a>, Federer has amassed a net worth of $1.3 billion. While he earned $130.6 million in prize money during his 24-year career — including 20 Grand Slam titles — his wealth primarily stems from endorsements and investments.
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<h2 class="wp-block-heading">From Grand Slams To Billionaire Status</h2>
Federer joins the ranks of billionaire athletes, including Michael Jordan, LeBron James and Tiger Woods. His net worth reflects a combination of endorsements, equity stakes, and earnings, adjusted for Swiss tax rates and market performance, <a href="https://www.bloomberg.com/news/articles/2025-06-27/roger-federer-s-long-term-deals-make-him-a-tennis-billionaire">according</a> to Bloomberg.
Many of his partnerships have spanned decades. Federer earns $8 million annually from Rolex and $5 million from Mercedes-Benz, and also received $20 million from Swiss chocolatier Lindt, Fortune <a href="https://fortune.com/2025/07/08/billionaire-tennis-star-roger-federer-grand-slam-winner-investments-mercedes-rolex/">reported</a>. However, his biggest financial wins came in the later stages of his career.
<h2 class="wp-block-heading">The Uniqlo Deal That Led to a $500 Million Sneaker Bet</h2>
In 2018, Roger Federer ended his long-standing apparel partnership with Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) and signed a $300 million, 10-year deal with the Japanese clothing brand Uniqlo. Unlike Nike, Uniqlo doesn't produce footwear, giving Federer the freedom to explore new opportunities in the shoe market.
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That opening led to a pivotal investment in On Holding, then an emerging sneaker maker. Federer first came across the brand after his wife bought a pair and introduced him to its founders. Impressed by the product and vision, he met with the team and later collaborated on developing his own line of performance shoes, Bloomberg reported.
Federer ultimately purchased an estimated 3% stake in On. The brand's popularity has surged, particularly in the U.S., and it now has a <a href="https://www.benzinga.com/quote/onon">market capitalization</a> of more than $17 billion. Bloomberg estimates Federer's stake is worth at least $500 million—nearly four times his total tennis prize earnings over two decades.
<h2 class="wp-block-heading">From Athlete to Investor: A Shifting Playbook</h2>
Jordan, James and Woods are all part of the billionaires club, not just through sports performance but through savvy business decisions.
Federer joins that group by taking a longer-term approach. While many athletes today expand their influence through social media and brand visibility, Federer has taken a different route.
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He has remained selective about his public presence and commercial commitments, avoiding commentary roles and short-term sponsorships. Instead, Federer works with long-term advisors, including his management company Team8 and investment firm Format A, to focus on brand partnerships and philanthropy that align with his personal values, according to Bloomberg.
<h2 class="wp-block-heading">A Legacy Beyond the Court</h2>
In a commencement <a href="https://www.youtube.com/watch?v=pqWUuYTcG-o">speech</a> at Dartmouth College last year, Federer urged graduates to look beyond their careers and focus on meaning and impact. "All of you have so much to give, and I hope you will find your own unique ways to make a difference, because life really is much bigger than the court," he said.
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ONON

How 3% Of A Shoe Company Made Federer More Money Than 20 Grand Slam Wins

Gov. Tim Walz (D-Minn.) offered a candid reflection on his rhetoric toward Donald Trump, acknowledging regret over earlier inflammatory comments made during the <a href="https://www.benzinga.com/news" target="_blank" rel="noreferrer noopener">2024 presidential campaign</a>.
The Minnesota governor, who was the Democratic vice-presidential nominee last year, <a href="https://www.theguardian.com/us-news/2025/jul/18/tim-walz-trump" target="_blank" rel="noreferrer noopener">told</a> The Guardian that Trump &#8220;brings out the worst in people, and he brings out the worst in me.&#8221;
In May, Walz urged Democrats to respond more forcefully to Trump&#8217;s political tactics, calling for the party to &#8220;bully the shit out of him back.&#8221;
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He now admits those remarks may have crossed a line, especially in light of a tragic shooting that rocked Minnesota politics in mid-June.
On June 14, former state house speaker Melissa Hortman and her husband were shot and killed at their home near Minneapolis.
The following day, State Sen. John Hoffman and his wife were wounded in a separate attack allegedly committed by the same suspect, who later surrendered to law enforcement.
In response to the violence, Trump criticized Walz, calling him &#8220;whacked out.&#8221;
The governor rejected that characterization, arguing that Trump used a moment of statewide mourning to launch political attacks instead of offering compassion.
Federal charges against 57-year-old Vance Boelter include murder and stalking.
In court documents, Boelter falsely accused Walz of coercing him to assassinate Sen. Amy Klobuchar (D-MN) and Sen. Tina Smith (D-MN), a claim that prosecutors and Walz have outright denied.
The governor emphasized he had no personal relationship with Boelter, saying, &#8220;Never, to the best of my ability, was [I] anywhere around.&#8221;
Walz has announced plans to run for a third term as governor in 2026. Though Minnesota&#8217;s top executive office has no term limits, speculation persists that he may also eye a bid for the 2028 Democratic presidential nomination.
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Tim Walz: Trump 'Brings Out the Worst in Me'

For many budget-conscious homeowners, frugality is a badge of honor. But when guests are on the way, that pride can give way to hesitation — especially if your cost-saving habits are unconventional.
One Reddit user recently posted to the <a href="https://www.reddit.com/r/Frugal/comments/1ls9txy/anyone_else_frugal_proof_their_home_before_guests/">r/Frugal forum</a> asking: "Anyone else ‘frugal proof' their home before guests come over?"&nbsp;
The question sparked hundreds of replies, revealing a surprisingly common dilemma: when does <a href="https://www.benzinga.com/personal-finance/management/25/07/46221836/a-frugal-shopper-did-a-cost-analysis-of-instacart-vs-in-store-shopping-heres-how-the-expenses-compare">frugality</a> become too much for company?
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<h2 class="wp-block-heading">Hiding the Hacks for the Sake of Guests</h2>
The original poster shared that they often hide their most noticeable money-saving tricks before hosting. That includes repurposed containers, DIY heating setups with blankets and space heaters, and a homemade bidet attachment.
"I love being frugal," the OP wrote, "but sometimes I don't feel like explaining why I have cut-up old t-shirts instead of paper towels."
Several commenters admitted to doing the same thing. One noted they bring out the &#8220;good toilet paper&#8221; for guests and stash the hoarded takeout containers they usually use for meal prep. Another said it's just like using fancy china or wine when company comes over — presenting a polished version of your home is normal.
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<h2 class="wp-block-heading">It's Not About Shame — It's About Hospitality</h2>
Not all who "frugal-proof" do so out of embarrassment. For many, it's about making guests feel comfortable. One user explained they adjust the thermostat, use paper towels even if they don't normally, and avoid commenting on guests' disposal habits.
"I don't expect people to embrace everything I do," they wrote. "I want my guests to be comfortable and feel welcome."
This sentiment was echoed by others who said it&#8217;s not about hiding frugality — just choosing what's appropriate for the occasion. As one commenter put it: "There&#8217;s a sweet spot between being comfortable with your choices and just making sure guests aren&#8217;t uncomfortable."
<h2 class="wp-block-heading">Frugality With Style and Purpose</h2>
Several Redditors chimed in to say frugal doesn't have to mean ugly — or awkward. Some described homes filled with secondhand finds that are actually high-quality and stylish. One said their homemade products look better in glass jars than store-bought plastic containers. Another uses cloth napkins made from an old duvet, which they claim are prettier than paper alternatives.
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"I buy 90% of things used, but I am patient and will go without until I can get a deal on a high-quality item," one user explained.&nbsp;
Others were quick to draw a line between thoughtful frugality and habits that could feel off-putting. Using cut-up t-shirts instead of towels, for example, was seen by some as crossing into "odd" territory. The same went for a DIY bidet that might confuse guests or require a demonstration.
<h2 class="wp-block-heading">Embracing a Frugal Lifestyle — Proudly or Quietly</h2>
Some commenters fully embraced their thrifty ways without apology. One proudly quoted a family motto on their fridge: "Use it up, wear it out, make it do or do without."
Another shared a touching story about giving away a restored $200 car to a young teen in a tough situation — proof that frugality, at its best, can empower others and build community.
For others, the goal is to make frugality look intentional and elegant. "My frugal things look nice," one user said. "Frugal does not have to equal cheap."
<h2 class="wp-block-heading">Bottom Line</h2>
Whether you choose to flaunt your <a href="https://www.benzinga.com/personal-finance/management/25/06/46043900/ramit-sethi-pushes-back-on-frugal-habits-with-one-key-insight-very-few-people-talk-about-increasing-your-earnings">frugal habits</a> or tuck them away when guests arrive, you're not alone. There's no one-size-fits-all approach. For many, it's a balancing act between personal values and social norms — and finding that balance is part of the journey.
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

Frugal Or Just Embarrassing? Homeowner Admits To Hiding Money-Saving Hacks From Guests

Jamie Dimon, the CEO of JPMorgan Chase, recently shared the investment philosophy that has been the cornerstone of his successful career: &#8220;Don&#8217;t blow up.&#8221;
Born from his first investment experience at the age of 14, this mantra has significantly influenced the risk culture at one of the world&#8217;s leading banks.
As reported <a href="https://fortune.com/2025/07/17/jamie-dimon-bought-first-stock-14-years-old-dont-blow-up-philosophy/">by</a> Fortune, Dimon elaborated on his investment philosophy during a recent episode of the &#8220;Acquired&#8221; podcast.
His first venture into the market, under his father&#8217;s guidance, was at the tender age of 14. After buying his first stock in 1972, he experienced a market crash of 45% within just two years, a stark introduction to the unpredictable nature of markets.
His mantra serves as a warning to avoid financial catastrophe during periods of market euphoria. This principle has been implemented at JPMorgan Chase through the &#8220;fortress balance sheet&#8221; strategy, which emphasizes high liquidity, conservative capital levels, and strong reserves.
Also Read: <a href="https://www.benzinga.com/news/25/02/43581818/charlie-mungers-four-life-lessons-consume-less-than-you-accumulate-invest-judiciously-persistently-learn-and-uphold-discipline">Charlie Munger&#8217;s Four Life Lessons: &#8216;Consume Less Than You Accumulate, Invest Judiciously, Persistently Learn, and Uphold Discipline&#8217;</a>
Despite his conservative stance, Dimon&#8217;s leadership has enabled JPMorgan Chase to consistently lead in global banking, even amidst financial crises. 
His philosophy, which is deeply rooted in his early investment experiences and refined over the years, provides a blueprint for sustained success in the financial sector.
Dimon&#8217;s investment mantra, &#8220;Don&#8217;t blow up&#8221;, is more than just a personal philosophy. It is a guiding principle that has shaped the risk culture at JPMorgan Chase, influencing its approach to financial management and decision-making. 
The &#8220;fortress balance sheet&#8221; strategy, which is a manifestation of this philosophy, has been instrumental in the bank&#8217;s ability to weather financial storms and maintain its position as a global banking leader.
Dimon&#8217;s philosophy underscores the importance of risk management in investment and banking. 
It serves as a reminder that while markets can be volatile and unpredictable, a cautious and disciplined approach can mitigate potential losses and pave the way for long-term success.
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Image: Shutterstock/lev radin

Success Stories

What JPMorgan's CEO Learned From First Stock — Jamie Dimon's Billion‑Dollar Philosophy: 'Don't Blow Up'

When a retired mother called into "<a href="https://www.tiktok.com/@george.kamel/video/7520627669654867231">The Ramsey Show</a>," she wasn't asking for budgeting advice. She was trying to solve a deeply personal dilemma: Should she leave her $800,000 estate to children who haven't spoken to her in nearly a decade?
The emotional conversation sparked a discussion about estrangement, legacy, and how to plan an inheritance when family ties are fractured.
<h2 class="wp-block-heading">A Painful Estrangement</h2>
Ruth, the caller, told hosts <a href="https://www.benzinga.com/personal-finance/management/25/07/46264546/a-dave-ramsey-caller-skipped-her-car-payments-to-gamble-and-double-the-money-the-plan-failed-and-now-shes-19000-in-debt-with-no-car">George Kamel</a> and John Delony that her three living children — now aged between ages 35 and 45 — cut off contact with her nine years ago. One of them, she said, had struggled with heroin addiction.
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"I set a boundary with my youngest daughter, who is a heroin addict, and told her basically she can&#8217;t use me anymore," Ruth explained. "And I will support her in recovery and in her healing, and it ran from there."
The consequences, she said, were devastating. Despite her efforts to reach out over the years, she's received no response from any of her children.
Her oldest child passed away, leaving Ruth with three living children and eight grandchildren — none of whom are currently in contact with her.
<h2 class="wp-block-heading">What Happens to the Money?</h2>
With <a href="https://www.benzinga.com/personal-finance/management/25/07/46264798/a-57-year-old-asks-if-he-can-retire-at-60-id-like-to-plan-for-annual-expenses-of-80000-per-year">retirement</a> underway and her estate valued between $600,000 and $800,000, Ruth was left wondering what to do with her assets. "I want to do right by God," she told the hosts. "And I want to be clear about this."
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Kamel summarized her dilemma: "The kids won't talk to me. What do I do with this money?"
Rather than suggesting Ruth leave the inheritance directly to her children, Kamel and Delony introduced an alternative: skip a generation and leave it to the grandkids.
<h2 class="wp-block-heading">A Strategic Way to Give</h2>
Delony recommended opening <a href="https://www.benzinga.com/personal-finance/management/25/06/45828074/vincent-chan-unveils-how-you-can-make-your-children-rich-its-a-lot-easier-than-you-think">529 education savings plans</a> for each grandchild. These accounts are designed specifically for education-related expenses and come with tax advantages.
"That money's gonna be used for education only," he explained. "If not, it can just be rolled into a Roth with the kids down the line."
Kamel added that this option could allow Ruth to "feel good about it without leaving it directly to the children." Since the money in a 529 plan can't be freely withdrawn by the parents, Ruth would retain control over how it's used — while still offering a meaningful gift to the next generation.
Ruth would need each grandchild's <a href="https://www.benzinga.com/tech/25/05/45336132/major-data-breach-exposes-social-security-numbers-financial-records-and-much-more">Social Security number</a> to open the accounts, which could require communication with her estranged children. But the move could serve as both a financial legacy and a gesture of hope for reconnection.
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<h2 class="wp-block-heading">Estate Planning Isn't Always Simple</h2>
Ruth's story underscores a challenge more older Americans are facing: how to manage inheritance decisions when family dynamics are strained.
While her situation is unique, it raises a broader question for retirees: Should inheritance be a reward for close relationships, or a legacy regardless of them?
<a href="https://www.benzinga.com/money/best-online-financial-advisors">Financial advisors</a> often recommend working with an estate attorney to document your wishes — especially when they don't follow a traditional path. Tools like trusts, 529 plans, and beneficiary designations can help make sure your money goes where you intend, even if family ties are complicated.
For Ruth, a well-structured plan could ensure her $800,000 helps the people she cares about most — whether or not she ever hears from them again.
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Image: Shutterstock

'They Ghosted Me Like 9 Years Ago' — Estranged Mother Asks Ramsey Show If Her Kids Should Still Inherit $800K

An Arizona woman, Christina Chapman, has been accused of facilitating North Korean IT workers in securing jobs at US companies under false identities. 
What Happened: Chapman is scheduled for sentencing next week in what is being termed as one of the most extensive worker fraud schemes ever charged by the Department of Justice.
According to a report <a href="https://fortune.com/2025/07/19/north-korea-it-worker-laptop-farm-arizona-woman-sentencing/">by</a> Fortune, Chapman admitted to conspiracy charges in February. The charges were related to a scheme that enabled IT workers to secure remote jobs at 309 companies, generating $17.1 million in compensation, which was subsequently sent to North Korea.
Despite Chapman&#8217;s claims of ignorance about North Korea&#8217;s involvement, prosecutors have recommended a nine-year prison sentence for her role.
Prosecutors are also seeking 36&nbsp;months of supervised release and a money judgment of $176,850, the same amount Chapman allegedly earned from the scheme. 
The scheme is believed to generate up to $600 million annually for North Korea, financing&nbsp;Kim Jong Un's nuclear weapons&nbsp;program.
Also Read: <a href="https://www.benzinga.com/news/23/04/31949490/trump-scratched-made-in-south-korea-sticker-off-elton-john-cd-before-giving-it-to-kim-jong-un">Trump Scratched &#8216;Made In South Korea&#8217; Sticker Off Elton John CD Before Giving It To Kim Jong Un</a>
In 2023, Chapman&#8217;s suburban Arizona home was raided, revealing an elaborate setup of 90 laptops, each labeled with&nbsp;the associated company and the&nbsp;corresponding stolen identity. 
Over three years, she allegedly&nbsp;aided workers in the scheme, even hiring two assistants to help her manage the workload.
Court records show that&nbsp;Chapman helped the IT workers&nbsp;verify stolen identities, installed software on company-shipped laptops, and helped&nbsp;North Korean workers log in&nbsp;remotely. 
She also facilitated the transfer of their payments, charging&nbsp;the North Korean workers $176,850&nbsp;in fees for her services.
Why It Matters: Prosecutors argue that a lenient sentence would send the wrong message to potential facilitators and North Koreans. The case is seen as&nbsp;a strategic move to set&nbsp;a precedent and deter future US facilitators. 
This case underscores the importance of stringent identity verification processes in the IT industry and the potential risks of remote working arrangements.
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Image: Shutterstock/FOTOGRIN

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