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<ul class="wp-block-list">
<li>McDonald's announced it will be hiring 375,000 people this summer</li>
<li>This is the company's biggest employment initiative since 2020</li>
<li>The announcement comes after two consecutive quarters of losses for the fast food giant</li>
</ul>
McDonald's <a href="https://corporate.mcdonalds.com/corpmcd/our-stories/article/mcdonalds-usa-summer-hiring-celebrate-archways-anniversary.html">announced</a> on Monday that it plans to hire 375,000 new employees this summer. The announcement, which was first made during a news conference with U.S. Labor Secretary Lori Chavez-DeRemer, marks the company's largest employment initiative in five years.
New employees will help fill gaps in the company's more than 13,500 U.S. restaurants, according to media reports. They will also help staff the 900 new restaurants that McDonald's plans to open across the country over the next two years.&nbsp;
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McDonald's is one of the largest employers in the country, with the company claiming it has employed roughly one in every eight&nbsp; Americans. Still, Dave Burchfield, the global people strategy director for the company at the time, told <a href="https://www.hrreporter.com/focus-areas/automation-ai/how-mcdonalds-is-supersizing-engagement/370071">HR Reporter</a> in 2022 that the company has "an average of 100% turnover around the globe" and is always in need of new talent.
Because of this near-constant need to bring on new employees, McDonald's typically leaves staffing up to its franchisees, and large-scale employee enlistment programs of this size are rarities.&nbsp;
Joe Erlinger, McDonald's USA president, told CNN that he sees hiring initiatives like this one as "win-win," as they make the company "more competitive while also positively impacting the economic and social conditions of the communities where we do business."
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
"I often think about the time I spent working in our restaurants as a General Manager, and it was immediately clear that crew members are the heart and soul of this brand," Erlinger said in a statement. "They go above and beyond to take care of our customers, and it's our job to take care of and create opportunities for them.&nbsp;
The employment initiative comes just weeks after McDonald's reported its second consecutive quarter of declining sales. In its <a href="https://corporate.mcdonalds.com/content/dam/sites/corp/nfl/pdf/Q1_25_Earnings_Release.pdf">Q1 earnings report</a>, released on May 1, the company said it had seen a 1% drop in global sales and a 3.6% drop in U.S. sales. On the <a href="https://seekingalpha.com/article/4780500-mcdonalds-corporation-mcd-q1-2025-earnings-call-transcript">earnings call</a> later in the day, CEO Chris Kempczinski and CFO Ian Borden, both attributed the declines to a pullback in spending from low-income consumers.&nbsp;
The initiative also comes at a pivotal moment for the U.S. economy. The <a href="https://www.bls.gov/news.release/pdf/empsit.pdf">Bureau of Labor Statistics</a> reported earlier this month that 177,000 jobs were added in April, keeping unemployment at a low 4.2%. But with Trump's tariffs <a href="https://www.cnbc.com/2025/04/08/trump-tariffs-job-market-impact-will-mostly-be-negative-economists-say.html">causing uncertainty</a> about whether or not unemployment will stay low, incentives like this one can go a long way in keeping confidence in the economy up.&nbsp;
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</ul>
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Personal Finance

McDonald's Announces Biggest Employment Initiative In 5 Years, Says It Will Hire 375,000 People This Summer

Vice President JD Vance has a huge lead over other possible contenders for the 2028 Republican presidential nomination according to a new poll.
What Happened: A survey conducted by J.L. Partners reveals that 46% of registered Republicans support Vance as the successor to President Donald Trump. No other candidate broke out of single digits.
According to the J.L. Partners <a href="https://jlpartners.com/">survey</a>, Gov. Ron DeSantis (R-Fla.) is a distant second to Vance at 8%, followed by Vivek Ramaswamy at 7%. Secretary of State Marco Rubio and Sen. Ted Cruz (R-Texas) each garnered 6% support, while former South Carolina governor and UN Ambassador Nikki Haley secured 5%.
If Donald Trump Jr. is listed as an option, he polls 14%, still far behind Vance.
Vance, a Yale Law graduate and former venture capitalist, rose to prominence with his 2016 memoir Hillbilly Elegy. Initially a Trump critic, he was a strong supporter of Trump during his successful Senate run in 2022 and has been a key communicator on issues such as immigration enforcement, trade, and social issues within the Trump administration.
Also Read: <a href="https://www.benzinga.com/news/25/03/44450678/jd-vances-poll-numbers-at-all-time-low-for-a-new-vp-breaking-kamala-harris-record">JD Vance&#8217;s Poll Numbers at All-Time Low for a New VP, Breaking Kamala Harris Record</a>
Why It Matters: According to&nbsp;JL Partners research manager Caroline&nbsp;Mulvaney, Vance &#8220;can&nbsp;expect to gain further support&nbsp;from voters who are currently&nbsp;supporting individuals unlikely to end&nbsp;up on the 2028 ticket,&nbsp;as well as at least&nbsp;some&nbsp;support from voters who are&nbsp;currently undecided.&#8221; 
This suggests that Vance&#8217;s lead in the race could potentially grow as the nomination process progresses, making him a strong contender for the 2028 Presidential election.
Read Next: <a href="https://www.benzinga.com/news/25/03/44211191/vp-vance-slams-pro-ukraine-protesters-for-confronting-him-with-his-daughter-chasing-a-three-year-old-for-politics" target="_blank" rel="noreferrer noopener">VP Vance Slams Pro-Ukraine Protesters for Confronting Him With His Daughter: ‘Chasing a Three-Year-Old for Politics'</a>
Image: Shutterstock/Consolidated News Photos

News

Politics

Poll Shows Vance With Big Lead For 2028 GOP Presidential Nomination

Reid Hoffman, the co-founder of LinkedIn, has found it necessary to engage personal security due to threats incited by unfounded allegations made by Elon Musk.
What Happened: Last year, Musk made a series of comments on social media and in interviews, implying a connection between Reid Hoffman and the late convicted sex offender Jeffrey Epstein. In response, Hoffman addressed the issue in a conversation with The Sunday Times, dismissing Musk's remarks as "accusations without proof."
Musk reacted with a &#8220;100&#8221; emoji to a social media post that implied&nbsp;Hoffman had visited Epstein&#8217;s private&nbsp;island. In&nbsp;an interview with Tucker Carlson, Musk also insinuated&nbsp;that Hoffman was one of&nbsp;the &#8220;billionaires behind Kamala&#8221; Harris,&nbsp;expressing apprehension about Epstein&#8217;s client list being revealed.
Speaking with the outlet, Hoffman <a href="https://www.thetimes.com/business-money/companies/article/linkedin-founder-reid-hoffman-ive-had-threats-of-violence-since-musk-slanders-nfclq2s0r">expressed</a> his disappointment and anger at Musk&#8217;s defamatory comments. He confirmed that he had engaged security due to the threats, but refrained from providing additional details.
Also Read:&nbsp;<a href="https://www.benzinga.com/general/entertainment/22/06/27557540/musk-says-he-wants-to-see-epstein-maxwell-client-list-twitterati-cant-stop-trolling-him-3" target="_blank" rel="noreferrer noopener">Musk Asks Why Epstein-Maxwell Client List Hasn't Leaked, Responds To Twitter User Who Suggested He Was A Client Himself</a>
&#8220;Elon&#8217;s defamation makes me angry and sad,&#8221; Hoffman said. &#8220;Angry because it is an ugly assault. Sad because it comes from someone whose entrepreneurial achievements I continue to admire.&#8221; Hoffman declined to share details of the threats but confirmed he had hired security in response.
In 2019, Hoffman acknowledged a past encounter with Epstein and expressed remorse&nbsp;for inviting him to a&nbsp;2015 dinner party attended by tech industry leaders,&nbsp;including Musk, Mark Zuckerberg, and&nbsp;Peter Thiel. 
He later expressed regret, writing to Axios, &#8220;By agreeing to participate in any fundraising activity where Epstein was present, I helped to repair his reputation and perpetuate injustice. For this, I am deeply regretful.&#8221;
He has since denied attending any events associated with Epstein and expressed regret over the incident.
Why It Matters: This incident underscores the potential dangers of unfounded accusations made on public platforms. High-profile individuals, such as Hoffman, can face serious threats due to such allegations, necessitating the need for personal security. 
The situation also highlights the responsibility of public figures like Musk in ensuring their comments are based on verified facts.
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Image: Shutterstock/Copyright Lawrey

Tech

TSLA

LinkedIn Cofounder Reid Hoffman Says Elon Musk's Baseless Jeffrey Epstein Claims Forced Him To Hire Security

It's hard to become successful in any industry, but the path gets even more difficult if you look for a quick route. "The 10X Rule" author Grant Cardone recently shared a concise <a href="https://x.com/GrantCardone/status/1922069256876810557">X post</a> that serves as a good reminder for people who are looking for ways to get rich quickly.
"There are no shortcuts," Cardone said.
X users were in universal agreement and chimed in with their thoughts. Knowing that there aren't any shortcuts can be empowering for anyone who wants to achieve financial independence or build a successful business. Here's why.
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</ul>
<h2 class="wp-block-heading">The Only Real Shortcut Is Doing The Work</h2>
Shortcuts appeal to people who don't want to outwork their peers and the competition. However, the pursuit of a shortcut can cause people to slow down on their goals and derail progress. Instead of looking for a faster way to get there, you just have to put in the work.
Instant gratification and quick hacks have become mainstream, but you have to ignore the noise to succeed at ambitious, long-term goals. One X user explained it effectively when responding to Cardone's post.&nbsp;
"I used to look for every hack in the book. Biohacks, business hacks, even mindset hacks. [I] eventually realized the only ‘shortcut' was doing the work every day when no one's watching."
There is no instant gratification if you work silently without receiving accolades from your peers. However, it's more rewarding in the long run to fully immerse yourself in your long-term goals.&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Take Consistent Action</h2>
It's easy to feel motivated about not taking shortcuts for a day or week. However, it often takes many years of consistent action to reach your goals.&nbsp;
Building a stock portfolio that can cover your retirement will take multiple decades. You have to carefully select ETFs and individual stocks that align with your risk tolerance and long-term goals. Investors also have to stay firm on their long-term winners when stocks endure corrections.&nbsp;
It's not easy to take consistent action, and you will come across some roadblocks. Making progress every day, even if the progress is small on some days, is a quicker path to success than hunting for a nonexistent shortcut.
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<h2 class="wp-block-heading">Quick Wins Deceive</h2>
Although Cardone says there are no shortcuts, some people get lucky and win the lottery. Someone can also make a good investment early that multiplies their money. However, these types of successes aren't the best ones to have.
Quick wins are deceptive and can make you feel like you are smarter than you are. An options trader who has back-to-back successful trades may feel overconfident and risk more money on subsequent trades until they get humbled.
Some people win the lottery, but many of them end up broke. That's because people who are hoping to win the lottery usually have bad money habits. Someone who is building a million-dollar portfolio doesn't have money to waste on lottery tickets.&nbsp;
More money doesn't change who you are. It makes you more of who you already are. People who win the lottery or receive massive inheritances will burn through all of it if they have conditioned themselves to get into debt and spend every last dollar they earn.
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.30/share with a $1000 minimum.</a></li>
</ul>
Image: Shutterstock

Grant Cardone Shares A Brutal Truth For People Who Want Quick Riches: 'There Are No Shortcuts'

As the global gaming landscape evolves, few projects embody the bold leap from Web2 to Web3 quite like MapleStory Universe (MSU) — the blockchain-based expansion of Nexon's iconic IP.
Spearheaded by NEXPACE, Nexon's dedicated Web3 division headquartered in Abu Dhabi, MSU is redefining what sustainable, community-driven gaming economies can look like.
Backed by a $100M commitment and with over 17.6 million transactions and 470,000+ active wallets from public playtests, MSU is more than a Web3 experiment — it's a blueprint for the future of gaming.
During the TOKEN2049 Dubai, we sat down with Dominic Jang, Chief Business Officer &amp; Vice President, Nexpace Limited, MapleStory Universe, to explore the convergence of gaming, culture, and blockchain.
With over 15 years in global game operations and business development, Dominic shares his vision for building lasting Web3 ecosystems, why the UAE is emerging as a Web3 gaming hub, and how MSU is empowering creators and players through UGC, digital ownership, and on-chain innovation. Here's an excerpt from that conversation with Benzinga.
What sets MSU's approach to Web3 gaming apart from traditional play-to-earn models?
What differentiates MapleStory Universe from the traditional play-to-earn model is the foundation it is built on: a globally recognized, time-tested IP with a massive existing player base. MapleStory IP, developed by Nexon, has accumulated over 250 million registered users worldwide and has generated $5 billion in lifetime revenue since its launch. We are bringing this proven franchise with over two decades of live-service operation for community trust. In the past, many play-to-earn models have historically launched without in-depth consideration of entertainment value in gameplay or users, relying on financial incentives to attract short-term attention. This has often led to unsustainable economies and rapid user churn. In contrast, MapleStory Universe brings blockchain functionality to a world that already has depth, longevity, and a deeply engaged community. &nbsp;
Another key distinction is MapleStory's extensive underground economy, which has long existed outside of official game ecosystems. Although not officially endorsed, this underground peer-to-peer economy across global servers is considered a billion-dollar market. Players trade rare items, accounts, and services through unofficial grey markets. These economies emerged organically due to strong player demand, but in the web2 world, they were unregulated and risky. MapleStory Universe addresses this by formalizing these behaviors on-chain, giving players secure, transparent ownership and the ability to engage in value creation within a supported framework. We aim to transcend the project by combining the strengths of a globally successful IP with the capabilities of Web3, creating a gaming economy where fun, ownership, and longevity go hand-in-hand.
How is MSU building a sustainable, community-driven economy in its game ecosystem?
MSU's economy is designed to be adaptive, participatory, and resistant to speculative pressure. At its core is NXPC, the ecosystem token powered by the Nexpace Protocol, which governs the flow of value through two key mechanics: Fission and Fusion. Players redeem NXPC for NFTs when needed, and return NFTs for NXPC when utility shifts. This keeps the economy aligned with player-driven gameplay.
Designing for scale and longevity is a key sustainable factor for MSU as well. This is where the Nexpace Protocol plays a central role. MapleStory Universe is only the first of many IPs to be integrated into the protocol. Nexon's broader portfolio includes global successful mega-IPs, each with their own economies, communities, and design systems. As more IPs onboard, the protocol becomes a multi-IP economy, where assets, creators, and players move fluidly between game worlds. This cross-IP interoperability creates long-term retention, deeper engagement, and a more resilient digital ecosystem overall. NXPC offers an economic framework designed to evolve with players, scale across IPs, and remain sustainable over time.
What makes the MENA region a strategic hub for blockchain gaming innovation?
The MENA region, particularly the UAE, has emerged as a global leader in blockchain innovation, thanks to its favorable regulatory environment. Here at MSU, we believe that the MENA region provides us with the space where legacy IPs and digital ownership can thrive, aligning with our vision of a player-driven economy and ecosystem.&nbsp;
Abu Dhabi, the global headquarters for Nexpace, was strategically selected for its forward-thinking regulatory landscape and its strong commitment to blockchain innovation. The city's robust infrastructure and proactive policies enable us to confidently invest in the talent and resources required to drive long-term growth. Additionally, the region's demographic advantages play a crucial role in our wider decision to set up a base in MENA. With a young, tech-savvy population and the growing appetite for IP-centric digital economies, the Web3 gaming industry is expected to contribute to the region's GDP — potentially injecting US$4B through the renewed interest in gaming. Security and compliance are also critical factors that we took into consideration. 
How is UGC shaping MSU's gameplay and player engagement strategies?
Taking a step back, if you have a closer look in the entire entertainment industry, there is an obvious trend, where every consumer's preference over what kind of contents they find entertaining or fun, is increasingly diversifying, and it's becoming almost impossible for one single entity to cope with such diverging demands. TV stations are losing their viewers to streaming platforms, and now we are living in a world where anyone can become their own media. Game studios are not immune to this big wave. If you take a look at TikTok, we are seeing a much clearer trend, where consumers are becoming content creators themselves at the same time, even to an extent that content creation itself is becoming an entertainment, and I highly evaluate TikTok for content creation being incredibly accessible.
We, at Nexon Group, believe that user-generated content (UGC) is at the heart of what makes MapleStory unique and engaging for our players. A great example of this would be MapleStory World, the original MapleStory's UGC platform that saw over 100,000 concurrent users and has created adapted games from the original IP like Artale or Maple Land. In the MapleStory Universe ecosystem, we are taking this one step further by empowering players to create, trade and monetize their own creations, by adding one more layer of blockchain. We are introducing Synergy Apps, which enable players to integrate their creations within existing gameplay systems. These apps create a virtuous cycle of creation, ownership, and utility, allowing players to not just play the game but shape its evolution. Over the course of ecosystem growth, we are introducing more APIs, SDK, and game development tools, to allow users to interchangeably interact with different Synergy Apps, eventually creating much fruitful player experience based on creative strategies, leading to everlasting creation of next-gen contents. The use of blockchain technology and its characteristics are what takes UGCs to the next level and keeps players engaged.
What opportunities does asset ownership unlock for players in your ecosystem?
Asset ownership fundamentally changes how players interact with games. Instead of assets being confined to a single server and controlled by game creators for instance, players will be able to truly own their items and trade them freely. This sense of ownership not only adds real value to their in-game efforts but also fosters a more direct participation by players to preserve the value of the assets they own. Finally, it unlocks the potential for players to earn from their creative contributions, whether through marketplace sales or peer-to-peer transactions. In essence, ownership means that players are not just participants but have an actual stake in MSU's narrative.
One of the most significant opportunities asset ownership unlocks is the formalization of player-driven economies that have long existed outside official game systems. For years, players have found ways to trade rare items or in-game progress through unofficial channels, often facing risks such as fraud, account bans, or loss of assets. These grey markets emerged because players wanted more control over the value they created, even when the system didn't support it.
With MapleStory Universe, we're addressing that need directly. By integrating blockchain, we enable players to truly own their in-game assets. These items can be traded, collected, or used across multiple experiences in a secure and transparent environment that is officially supported. This removes the need for unregulated workarounds and ensures players are rewarded for their time, effort, and creativity within the ecosystem. 
How has Nexon's $100M investment accelerated MSU's Web3 development roadmap?
The $100M investment from Nexon has certainly played a pivotal role in accelerating MSU's Web3 development. However, it's important to highlight that MSU's approach is fundamentally different from most crypto projects. Instead of relying on the typical venture capital routes that often lead to inflated valuations, we made the deliberate decision to opt out of concentrated VC ownership. This strategic move is a core element of our long-term vision for a sustainable Web3 entertainment platform.
In contrast to the overcapitalized "foie gras" scenarios seen in the market—where projects are prematurely inflated only to be dumped once liquidity events occur—we are focused on building a project that centers on real utility and long-term user engagement. This means that, while the investment helps us grow and accelerate development, it doesn't come with the pressure of quick token listings or speculative hype cycles. Instead, we're building a robust ecosystem that emphasizes utility-first, user-focused features like open-world content creation tools (APIs, SDKs, synergy apps), real user engagement, and a sustainable, incentive-driven economy.
This focus on building an ecosystem grounded in MapleStory's proven IP, rather than chasing short-term market hype, allows us to create a genuine user-driven platform. By rolling out features only when they're truly ready and backed by real usage data, we're ensuring that MSU's growth is driven by organic demand and community involvement, rather than the unpredictable swings of speculative capital.
What's next for MSU in terms of expanding its universe and onboarding creators?
We are constantly exploring ways to expand MSU and onboard more creators into our ecosystem. Following the launch of MapleStory N on 15 May, we will look to roll out more robust creator tools and host collaborative events to inspire community-driven content.
Looking ahead, our vision extends beyond MapleStory N. As the MSU ecosystem continues to evolve and grow, we see potential in adding more IPs to the universe. Players will be able to experience new narratives and gameplay while remaining within the same blockchain. By building an interconnected world of games and IPs, we are laying the foundation for long-term growth and a prosperous community. Lastly, we hope to expand our user base — from traditional gamers to Web3 enthusiasts we aim to foster a more adaptive and creative community where literally anyone can play and create within MSU.

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At MSU, We Aim To Merge Global IP With Web3 To Build Gaming Economy Rooted In Fun, Ownership, And Longevity, Says Dominic Jang

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly faces mounting scrutiny from U.S. authorities over its efforts to incorporate artificial intelligence features in iPhones sold in China through <a target="_blank" href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval" rel="noreferrer noopener">a potential partnership with </a><a target="_blank" href="https://www.benzinga.com/25/02/43631776/apple-teams-up-with-alibaba-for-ai-innovation-in-china-submits-ai-features-for-regulatory-approval" rel="noreferrer noopener">Alibaba Group Holding Ltd.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>).
The deal, which would allow Alibaba&#8217;s AI technology to power iPhones in China, has drawn concern from both the White House and Congress due to national security risks and the potential amplification of Chinese tech capabilities, The New York Times <a href="https://www.nytimes.com/2025/05/17/technology/apple-alibaba-ai-tool-china.html" target="_blank" rel="noreferrer noopener">reports</a>, citing people familiar with the discussion.
Over recent months, U.S. officials have privately questioned Apple executives about the proposed tie-up.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45473543/alibabas-cloud-and-e-commerce-units-shine-as-analyst-sees-ai-take-rates-fueling-future-growth" rel="noreferrer noopener">Alibaba Misses Revenue, But AI Cloud Has Silver Lining</a>
Lawmakers are worried that working with a major Chinese firm could lead to data-sharing obligations under Beijing&#8217;s laws and assist China&#8217;s advancement in military-use AI.
Meetings between Apple and members of the House Select Committee on China revealed gaps in Apple&#8217;s preparedness, with company representatives reportedly unable to provide specifics about regulatory commitments or data protections.
The friction comes amid a broader tech rivalry between the U.S. and China.
Policymakers, viewing AI as pivotal in future warfare, have taken steps to restrict China&#8217;s access to cutting-edge AI chips. Now, they&#8217;re weighing whether to add Alibaba and similar firms to a blacklist that would bar dealings with American companies, The New York Times adds.
Adding fuel to the fire, former President Donald Trump recently criticized Apple CEO Tim Cook for shifting manufacturing to India<a target="_blank" href="https://www.benzinga.com/markets/25/05/45462006/no-change-in-apples-production-plans-says-india-despite-trumps-little-problem-with-ceo-tim-cook-report" rel="noreferrer noopener"> instead of focusing on domestic production.</a>
The remarks came during Trump&#8217;s Middle East visit, highlighting broader dissatisfaction with Apple&#8217;s global strategy.
China remains Apple&#8217;s second-largest market, making the stakes particularly high.
Without a local AI partner like Alibaba, Apple could struggle to keep pace with domestic rivals such as Huawei and Xiaomi.
Apple reportedly explored multiple local partners before settling on Alibaba and has already sought regulatory clearance for the AI features. However, congressional leaders remain alarmed by the possibility of Apple binding itself to Chinese laws in this emerging technological domain.
Rep. Raja Krishnamoorthi (D-IL) expressed frustration over Apple&#8217;s lack of transparency, calling Alibaba &#8220;a poster child&#8221; for China&#8217;s military-civil fusion strategy.
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</ul>
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iPhones, AI, And Alibaba: Why Apple's China Bet Alarms Donald Trump

Elon Musk&#8217;s influence within the Trump administration&#8217;s Department of Government Efficiency (DOGE) is gradually diminishing, yet the agency&#8217;s sweeping reforms <a target="_blank" href="https://benzinga.com/news/management/25/05/45140155/musk-shifts-focus-back-to-tesla-says-doge-will-endure-without-him-is-buddha-needed-for-buddhism" rel="noreferrer noopener">continue to reshape the federal landscape.</a>
Despite Musk&#8217;s diminishing presence, DOGE has already rooted itself in multiple agencies and launched projects ranging from IT overhauls to constructing a centralized data system intended to bolster fraud detection and immigration enforcement, CNN <a target="_blank" href="https://edition.cnn.com/2025/05/17/politics/musk-doge-future" rel="noreferrer noopener">reports</a>.
In the early months of Trump&#8217;s second term, DOGE helped facilitate layoffs affecting more than 120,000 federal workers.
Others took early retirements or relocation packages amid a flurry of program cuts and departmental shake-ups.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/25/05/45481170/as-tesla-stock-witnesses-nearly-45-surge-in-one-month-elon-musk-asks-minnesota-governor-tim-walz-hows-your-day-bro" rel="noreferrer noopener">Elon Musk Takes A Swipe At Minnesota Governor Tim Walz As TSLA Stock Surges 45% In One Month: &#8216;How&#8217;s Your Day, Bro?&#8217;</a>
These actions have caused confusion and discontent among public employees, some of whom described significant operational disruptions and morale dips across agencies.
Although Musk has confirmed he will refocus his attention on Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), he plans to remain peripherally involved in the federal initiative.
Administration officials and lawmakers close to DOGE insist the agency&#8217;s work will go on uninterrupted, citing a deeply embedded structure that now spans nearly every executive department.
Many DOGE staffers occupy positions with long-term contracts or renewable terms, while others have assumed roles traditionally viewed as permanent.
This workforce includes engineers and advisers drawn from SpaceX, X, and Musk&#8217;s affiliated companies.
Some Cabinet officials, such as Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, have reportedly resisted what they see as DOGE&#8217;s overreach into their jurisdiction.
Critics say DOGE&#8217;s tactics mirror Silicon Valley&#8217;s disrupt first approach, with some initiatives lacking clear legal parameters.
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Shutterstock/Joshua Sukoff

Elon Musk Pulls Back—But His Federal Overhaul Machine Rolls On

When a parent cares full-time for a disabled adult child, Social Security rules can add unexpected financial hurdles. One mother recently shared her story on the <a href="https://www.reddit.com/r/SocialSecurity/comments/1kkav5u/disabled_adult_to_have_ssi_reduced_to_0_when/">r/SocialSecurity subreddit</a> after learning that child support payments — mandated by her state — would completely wipe out her son's Supplemental Security Income, or SSI, benefits.
<h2 class="wp-block-heading">From Shared Expenses to Child Support</h2>
For years, the woman and her now-estranged husband raised their son together. Their adult son, who has a profound developmental disability, qualified for SSI at age 18. While his benefit was already reduced by one-third due to living rent-free with his parents, the family was managing. The father's income covered most of the housing expenses, while the mother — unable to work full-time due to caregiving needs — stayed home with their son.
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Following the couple's separation, the mother became the sole caregiver and lost the household income once contributed by her husband. To meet the state's legal requirements and maintain support for their son, the father was ordered to pay <a href="https://www.benzinga.com/markets/equities/25/04/44578251/elon-musks-baby-mama-sells-100k-tesla-after-60-child-support-cut-maga-influencer-says-shes-not-the-only-one-who-is-cleaning-up-after-his-messes">child support</a>, since the adult child cannot live independently.
<h2 class="wp-block-heading">Why the Child Support Caused SSI to Drop</h2>
Under SSI rules, any child support paid directly — or even indirectly — for a disabled adult is considered unearned income. SSI benefits are reduced dollar-for-dollar by most unearned income after a $20 general exclusion. So even though the child support is meant to replace the father's share of <a href="https://www.benzinga.com/markets/25/05/45384608/u-s-households-now-need-70-more-income-to-buy-a-home-double-whammy-of-skyrocketing-prices-and-rates">household expenses</a>, it's treated differently than when he simply lived in the home and paid the bills.
In this case, the mother determined that once child support begins, her son's monthly SSI benefit of $644.67 – plus $44 in state assistance – will drop to zero.
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<h2 class="wp-block-heading">Complex Rules With Real-Life Impacts</h2>
This change highlights a quirk in SSI regulations: in-kind support and maintenance, such as&nbsp; free shelter, reduces benefits, but cash support like child support can eliminate them entirely. When the father lived in the household, SSA reduced the benefit by only one-third to account for the son receiving free housing. But with parents' divorce and father moving out, his contribution will now be in the form of child support — effectively cancelling the benefit. With the one-third reduction for housing and the subtraction of the child support "income," the son's disability benefit will be reduced to $0 — even though the mother's financial situation has worsened.
Commenters on the subreddit pointed out that this rule can create a disincentive to report or receive child support at all, unless the amount exceeds the maximum SSI benefit.&nbsp;
One suggestion: have the support money redirected to an ABLE account, a tax-advantaged savings account for individuals with disabilities. Deposits into an ABLE account, if done correctly, may not count against SSI limits.
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Others advised that this mother consult her divorce attorney to possibly <a href="https://www.benzinga.com/personal-finance/25/02/43633242/will-i-get-our-house-if-i-divorce-him-asks-maine-woman-as-her-millionaire-husband-controls-all-finances-but-gives-her-4000-a-month">negotiate alimony</a> instead of child support. These approaches may protect SSI eligibility while still ensuring her son receives support.
While these approaches may help in certain situations, they don't account for the fact that the child support is mandated by the state the family lives in.&nbsp;
<h2 class="wp-block-heading">The Bottom Line</h2>
This story reflects a broader challenge faced by families caring for disabled adult children: SSI's strict and often confusing income rules don't always align with real-world caregiving situations. When financial responsibility shifts after divorce, understanding how different types of support are counted can make a significant difference in long-term income and stability.
If you're navigating a similar situation, it's wise to consult both a family law attorney and someone experienced with SSI rules — such as a disability benefits advocate or a Social Security expert.
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Image: Shutterstock

She Cares For Her Disabled Adult Son Alone. When Child Support Replaced Shared Housing Costs, His SSI Was Cut To $0

With a legacy rooted in cinematic excellence and iconic sound, THX Ltd. has long stood at the forefront of high-fidelity audio and video innovation. With Tuyen Pham as Chief Executive Officer, the company enters an exciting new chapter — one defined by cutting-edge innovation, global expansion, and a sharpened focus on the future of immersive media experiences.
An engineer by training and an entrepreneur by instinct, Pham brings over two decades of industry experience to THX. At the helm of THX, Pham is marrying the brand's storied heritage with a vision for the next generation of entertainment. He brings not only deep technical expertise but also a global perspective, having successfully led cross-border operations, built multicultural teams, and raised significant financial capital throughout his career.
As per Pham, his mission is clear: to preserve the gold standard of THX certification while pushing the boundaries of audio and visual excellence for today's consumers — whether they're watching films, playing games, or listening to music.
In this exclusive interview with Benzinga, Pham shares his vision for THX, the innovations on the horizon, and how he plans to continue delivering world-class experiences in a rapidly evolving digital landscape. Here's an excerpt from the interaction.
Share your journey from founding A-Volute to leading THX. How have your experiences shaped your vision for THX&#8217;s future?
I'm deeply focused on innovation, a key factor that helped A-Volute succeed against much larger brands in the past. At THX, I'm building on its strong legacy of branding while driving innovations that truly benefit the end user. Unlike A-Volute, where despite powering millions of devices, creating a recognizable brand was a challenge, THX already has an established reputation built over 40 years.&nbsp;
My vision for THX remains true to its founding mission—delivering the best audio and video experiences. I&#8217;m pushing for innovations that are not just new for the sake of it, but practical and meaningful for users. This approach ensures that we stay ahead of trends and continue to provide value with each new device and experience we help create.&nbsp;
THX has a storied legacy in audio excellence. How do you plan to balance this heritage with the need for innovation in today&#8217;s market?
Everything is moving quickly these days with changes in habits, platforms, and technology. China, particularly Shenzhen, is at the forefront of innovation in AI, robotics, hardware, and consumer electronics. THX is committed to staying ahead of these trends and forecasting future ones to reshape how we consume media.
Our goal is to remain at the forefront of high-end audio quality while leveraging our branding, audio-marketing, industry expertise, and technology to help partners push boundaries. For instance, we recently helped launch the first THX-certified ARC-V 5 headphones, a significant milestone in the industry. This reflects our commitment to helping brands validate and market their products while integrating cutting-edge audio technologies, like the immersive THX special audio technology for a truly high-quality listening experience. 
The partnership with Skullcandy brings THX Spatial Audio to a broader audience. What does this collaboration signify for THX&#8217;s strategic direction?
We want to be everywhere, meaning that we want to help every device, and Skullcandy is a very well-known brand, especially in the US and Europe, and this also helps us to reach a younger generation. And this is very key for us, to be able to put the THX branding in the front of eyes of all generations. And it helps Skullcandy to bring THX technology on board to reach and market to the audiophile audiences which is a THX strong suit.
Of course THX is very well known for the cinemas and a lot of movies, especially with DVDs, we&#8217;re having the THX logo at the beginning, but how can we continue that, and how we can expose more users to THX, and this is one of the ways we&#8217;re doing it, is helping new partners to do that, and also help them to integrate new technologies there.&nbsp;
So is Dolby one of the competitors? I would say Dolby is sometimes a partner, because we have some products like Soundbars from SCI Robotics or ZTE that can decode Dolby and have THX together. Sometimes we&#8217;re competitors, but I would say that we are all in the audio field, and what is very interesting to me is that we all have the same mission, to make sure the audio is good, and to make sure to educate about the importance of audio. &nbsp;
With your background in immersive audio, how do you see THX influencing the evolution of audio experiences across different platforms?
We are currently focused on two key initiatives to push spatial sound to the next level. The first is our involvement in the Alliance of Open Media (AOM), specifically within the IMF workgroup, where we are helping to develop the Eclipsa audio format that has been announced. This new format allows content creators to encode media using a completely free codec, making it accessible for all consumer electronics to decode and experience multi-channel audio, 3D sound objects, or advanced ambisonics.
By making this technology freely available, we aim to broaden the adoption of spatial audio and enhance the overall audio experience for users. The second initiative, which we announced at GDC, Razer Wyvrn, involves the development of a game developer's plugin. This THX game plugin,  offered on the Wyvrn platform, will be integrated into sound engines across games, enabling them to output spatial sound, with the first output being in the IMF format. By pushing these boundaries, we are working to expose more people to the benefits of spatial audio, both in gaming and other media experiences.
THX&#8217;s technologies are now integrated into various consumer electronics. How do you ensure consistency and quality across these diverse applications?
THX possesses deep expertise in audio and video technology and marketing, with a particular focus on audio. Our core asset is our knowledge of what constitutes great audio, how to measure it, and how to help partners build better products. We offer this expertise to help partners improve their designs, from hardware to component selection. Some partners come to us early in the process, allowing us to guide them through the hardware design, component choices, and even the materials used inside the products.
Our commitment to quality extends throughout the entire process. When certifying an audio product, we perform over 450 measurements, including electrical and acoustic tests, to ensure top-notch performance. We identify areas for improvement, leaving little room for error. The THX logo represents the highest performance achievable at a given price point.<del></del>
In an era where audio technology is rapidly advancing, what challenges do you foresee, and how is THX preparing to address them?
So the first aspect is audio. So the output of audio, it&#8217;s either headphones, now there&#8217;s a new category of OWS, open wireless stereo headphones. There will be, I&#8217;m sure, a lot of new categories.
So we always do R&amp;D to be able to categorize those outputs, and then also keep our certification program up to date to that. So that&#8217;s the first thing. I think also on the, there&#8217;s AI, which is impacting a lot, all the audio processing.
And of course we are ready for that, we are using more and more AI functions, like in the software you will see, you have camera-based AI head tracking, which follows your head and can compensate the movement of your head while you&#8217;re playing a game or while you&#8217;re watching a movie. So we&#8217;re integrating more and more of those technologies. So there might be a switch on how, let&#8217;s say, the content is generated by AI, but we&#8217;ll make sure that those contents always sound great or always look great.
Looking ahead, what are your aspirations for THX in terms of innovation, market presence, and consumer&nbsp;engagement?
I want the THX logo to be everywhere and to become really the logo that gives trust to the end users. My vision for the THX logo is to make it a universal symbol of trust and excellence. &nbsp;When consumers see the THX logo, they should be assured that the product delivers the best performance available at that price point. Unlike some brands that only perform a single measurement, THX conducts hundreds of rigorous tests to ensure every product meets the highest standards. We&#8217;re committed to doing the hard work, helping our partners improve their products and achieve consistent quality.
Currently, THX has a global presence, with headquarters and R&amp;D based in California, along with offices in Europe and China. We've had a footprint in China for over eight years, with offices in both Beijing and Shenzhen, and we also have a presence in Taiwan. As the demand for high-quality audio and video devices increases, we're focusing more on expanding our operations in Shenzhen. We&#8217;re building a large lab to assist our partners with precise performance measurements for both audio and video products, offering quick turnarounds to keep up with the fast pace of the industry. 
While we already have strong partnerships in Europe, our primary focus for the next few years will be in China, particularly Shenzhen. The region is becoming a hotbed for innovation, with many emerging brands in the tech space, making it a key area for THX's expansion and growth. We&#8217;re excited to be at the forefront of these developments and continue helping brands bring top-tier products to the market.

Entertainment

Interview

At THX, I Am Building On Its Strong Legacy Of Branding While Driving Innovations That Truly Benefit The End User, Says Tuyen Pham

In an era of rising prices and <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45337839/if-you-have-to-google-are-we-in-a-recession-you-probably-feel-like-it">economic uncertainty</a>, it might come as a surprise to learn that many young Americans are prioritizing "fun" over funds. A recent Intuit Credit Karma <a href="https://www.creditkarma.com/about/commentary/new-necessities-young-americans-redefine-essential-spending-amid-economic-uncertainty">study</a> finds that 45% of Gen Z would rather reduce long-term savings than give up dining out — a trend that raises questions about spending habits and financial resilience.
<h2 class="wp-block-heading">Redefining What Counts as a Necessity</h2>
The Credit Karma survey asked 2,074 U.S. adults which non-essential items they'd still happily pay for, no matter their cash flow. A striking 87% of Gen Z (ages 18–28) say they consider certain non-essentials "necessities," compared with 84% of millennials (ages 29–44). In other words, things like streaming services, skincare products, and dining out have become budget line items, not luxuries.
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When pressed on <a href="https://www.benzinga.com/personal-finance/25/04/44774680/americans-should-cut-spending-to-the-bone-amid-trump-tariffs-says-personal-finance-expert">cutting back</a> if money gets tight, nearly three-quarters of Gen Z, or 74%, say they'd strongly consider trimming non-essential expenses — still lower than the 82% of millennials, 86% of Gen X (ages 45–60) and 87% of baby boomers (ages 61–79) willing to do the same.
<h2 class="wp-block-heading">Savings vs. Experiences</h2>
Perhaps the most eye-opening stat: just over half of millennials (51%) and 45% of Gen Z would opt to shrink their long-term savings rather than sacrifice lifestyle experiences such as eating out, travel, or gym memberships. This suggests a "live for today" mindset, where the immediate payoff of a night out or a weekend trip outweighs the abstract benefit of a beefed-up <a href="https://www.benzinga.com/personal-finance/25/02/43784108/millions-of-americans-could-get-up-to-1000-a-year-under-new-retirement-match-program">retirement account</a>.
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<h2 class="wp-block-heading">What Drives These Choices?</h2>
Several factors may be at play:
<ul class="wp-block-list">
<li>Social Media Influence: More than half of millennials, or 60%,  and over half of Gen Z, or  53%, report that social media has shaped their view of what's "necessary," nudging them toward spending on trending services and experiences.</li>
<li>Safety Nets: Approximately 22% of Gen Z say they haven't tightened their budgets for a possible recession because they rely on a financial cushion, such as parental support.</li>
<li>Acclimated Budgets: With <a href="https://www.benzinga.com/markets/25/05/45384608/u-s-households-now-need-70-more-income-to-buy-a-home-double-whammy-of-skyrocketing-prices-and-rates">living costs high</a>, many young people may have already adjusted their baseline expenses, treating certain non-essentials as routine rather than optional.</li>
</ul>
<h2 class="wp-block-heading">Expert Advice: Build a Cushion, Not Just Memories</h2>
"It's not entirely surprising that young people today are choosing to find comfort in spending on the things they enjoy, even amid economic uncertainty," says Courtney Alev, consumer financial advocate at Intuit Credit Karma.&nbsp;
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She recommends a simple audit: setting aside a small, regular amount—say $20 a week—into an emergency fund. "It's not about cutting out everything that brings you joy, but more about creating a financial cushion. Even the smallest steps could mean less stress and fewer tough choices in the near future."
<h2 class="wp-block-heading">Have Priorities Shifted — or Gone Off Track?</h2>
With nearly half of Gen Z willing to tap savings for lifestyle perks, it's clear that attitudes toward money are evolving. Are these young adults simply redefining what makes life worth living, or have spending priorities truly gone off track? As prices and expectations both remain high, the choices today's consumers make could shape their financial well-being for years to come.
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Some 45% of Gen Z Say They'd Rather Cut Savings Than Give Up Eating Out — Have Spending Priorities Gone Off Track?

Entrepreneur and investor Mark Cuban doesn't often hold back when sharing his opinion with investors or other entrepreneurs on social media or while he's <a href="https://www.benzinga.com/general/entertainment/25/05/45472538/mark-cuban-bids-farewell-to-shark-tank-how-to-watch-finale-and-whats-next-for-hit-show">on "Shark Tank."</a>
A recent social media post saw Cuban share his latest take on tariffs.
 What Happened: Tariffs have become a major point of debate since President Donald Trump <a href="https://www.benzinga.com/25/05/45256510/exclusive-trumps-approval-rating-drops-in-reader-survey-after-100-days-could-stock-market-be-to-blame">was inaugurated </a>in January 2025.
Tariffs on other countries or plans to place the higher costs on goods exported from other countries have often sent the stock market down.
Ahead of a recent<a href="https://www.benzinga.com/government/regulations/25/05/45347089/wall-street-rips-higher-as-tariff-truce-halts-us-china-economic-escalation"> 90-day pause</a> agreement on reciprocal tariffs between China and the United States, Cuban shared a warning for American consumers.
"Importers are leaving inventory in China ports. Waiting for tariffs to be lowered. If they are not lowered enough, there will be a crush to ship them here and transport them when they get here. That will drive transportation costs way up," Cuban said on <a href="https://bsky.app/profile/mcuban.bsky.social/post/3loodva4gz22b">Bluesky</a>.
Cuban summed up his thoughts into four words.
"More inflation, post tariffs."
Cuban suggests that inflation will go higher as the result of tariffs.
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Why It's Important: Cuban predicts consumers could see empty shelves, higher costs and high inflation as a result of the tariffs.
While some tariff prices have come down, including the previous 145% amount placed on China, the impact will likely hit consumers according to Cuban and other experts.
Public companies have begun to comment on how tariffs will impact their financials
Sony Group Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) said it expects to see a <a href="https://www.benzinga.com/general/gaming/25/05/45415381/sony-could-see-680-million-tariff-impact-considers-moving-playstation-5-production-to-us">$680 million impact </a>from tariffs. To offset the impact, the company is considering moving production of the PlayStation 5 to the United States or raising prices on video game consoles to consumers.
Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), one of the world's largest retailers, recently reported quarterly financial results. Management said they will likely<a href="https://www.benzinga.com/news/management/25/05/45473067/walmart-prices-will-rise-within-weeks-as-trump-tariffs-drive-up-costs-will-other-retailers-follow-suit"> be raising prices</a> in the coming weeks to offset the impact of tariffs.
"We will do our best to keep our prices as low as possible. But given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margin," Walmart CEO Doug McMillon said.
Based on the recent earnings reports from companies, Cuban's four-word warning could become true sooner than later.
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Shutterstock/Kathy Hutchins

Global

Sony Group Corporation American Depositary Shares

SONY

Mark Cuban Sounds Alarm On Tariffs: Here's His 4 Word Warning To American Consumers

President Donald Trump&#8216;s approval ratings have taken a significant hit on almost all fronts, with the <a href="https://www.benzinga.com/news/25/04/45027947/trumps-second-term-viewed-as-chaotic-and-scary-by-majority-of-voters">notable exception of border security</a>.
What Happened: A new <a href="https://www.gelliottmorris.com/p/announcing-the-strength-in-numbersverasight">poll</a> by Strength in Numbers/Verasight, reveals that President Trump&#8217;s approval ratings are in the negative on every issue, except for border security. The survey, conducted from May 1 to May 6, included 1,000 adult participants.
The poll results show that a mere 40 percent of respondents&nbsp;either strongly or somewhat approve&nbsp;of Trump&#8217;s overall presidency, while 56 percent disapprove. 
This puts him at a deficit of 16 points. On specific policy areas, Trump&#8217;s ratings are even more dismal, with a net negative&nbsp;32-point rating on prices and&nbsp;inflation, and a 17-point deficit on jobs and the economy.
Additionally, Trump&#8217;s ratings are down by 20 points&nbsp;on government funding and social&nbsp;programs, and by 17 points on healthcare. His policies&nbsp;on immigration and deportations also&nbsp;received negative ratings, with deficits of two points and six points, respectively. 
Also Read: <a href="https://www.benzinga.com/news/25/05/45184463/donald-trumps-support-tanks-early-in-second-term-poll-numbers-paint-grim-picture">Donald Trump&#8217;s Support Tanks Early in Second Term — Poll Numbers Paint Grim Picture</a>
However, when it comes to border security, Trump seems to have found his silver lining, with&nbsp;a net positive approval rating&nbsp;of 10 points. 52 percent of respondents approve of his record on this issue, while 42 percent disapprove.
Despite these discouraging figures, it&#8217;s important to remember that&nbsp;there are still 17 months&nbsp;to go&nbsp;before the congressional midterm elections&nbsp;in 2026. A strategic&nbsp;shift in policy by the&nbsp;administration could potentially turn these ratings around.
Why It Matters: These poll results could have significant implications for the upcoming midterm elections. Trump&#8217;s low approval ratings on key issues such as the economy, healthcare, and government funding could potentially sway voters away from his party. 
However, his positive rating on border security might appeal to a certain demographic, potentially helping to balance out some of the negative sentiment. 
The next 17 months will be crucial in determining whether Trump can turn the tide in his favor.
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Image: Shutterstock/Shutterstock AI

Poll Shows Trump's Approval Rating Underwater on Nearly Everything From Economy to Abortion

Jensen Huang says bussing tables at Denny's as a shy teenager taught him the people skills that helped him co-found Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), now an AI colossus worth roughly $3 trillion.
What Happened: Speaking on Hewlett-Packard's "The Moment" show back in October 2023, he added that the all-night diner doubled as the brainstorming lab where he and two friends "talked me into building Nvidia."
"My job at Denny's… I was incredibly shy and it got me to be able to interact with people a lot better," Huang recalled, praising the chain's bottomless coffee for fueling their late-night design sessions.
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He and co-founders Curtis Priem and Chris Malachowsky "had kids and dog," so they commandeered a booth near their San Jose homes to sketch out what became the first GeForce chip in 1993.
See also: <a href="https://www.benzinga.com/25/05/45466150/trump-decides-to-bypass-individual-trade-dealsnew-tariff-rates-to-be-set-unilaterally-and-notified-through-letters">Trump Decides To Bypass Individual Trade Deals — New Tariff Rates To Be Set Unilaterally And Notified Through &#8216;Letters&#8217;</a>
Three decades later, Huang still wraps sausages in pancakes — &#8220;This is exactly how I eat a pancake, to this very day,&#8221; he laughed — and tries to dissuade milkshake orders because &#8220;nothing kills me more than when somebody orders a shake.&#8221;
Denny's has since dedicated that <a href="https://blogs.nvidia.com/blog/nvidia-dennys-trillion/">corner booth</a> to Nvidia's origin story, a tribute Huang calls &#8220;the real birthplace of trillion-dollar silicon.&#8221;
What To Know: The former busboy now ranks 16th on Forbes' billionaires list, with a fortune topping $116 billion. Nvidia's shares have surged on demand for its <a href="https://www.benzinga.com/news/24/06/39233957/nvidias-ai-chip-the-product-propelling-its-success">H100</a> and upcoming <a href="https://www.benzinga.com/25/05/45245696/smci-issues-strong-q4-revenue-outlook-expects-nvidias-blackwell-to-fuel-growth">Blackwell GPUs</a>, positioning the firm to capture a projected <a href="https://www.benzinga.com/analyst-ratings/upgrades/25/01/43284333/nvidia-positioned-for-400-billion-ai-boom-with-advanced-gpus-new-product-launches-driving-revenue-growth-say-analysts">$400 billion slice</a> of data-center spending next year.
Similar to Nvidia, Reddit <a href="https://www.benzinga.com/general/social-media/24/03/37879478/humble-beginnings-like-nvidia-reddit-was-founded-inside-a-restaurant?utm_source=chatgpt.com">traces its spark</a> to an eatery too — a 2005 after-class stop at a Waffle House in Charlottesville, where University of Virginia roommates Alexis Ohanian and Steve Huffman <a href="https://news.virginia.edu/content/waffles-can-change-lives-just-ask-reddit-co-founder-and-uva-alum-alexis-ohanian">ditched</a> LSAT plans, brainstormed a new online hub and soon pitched the idea to Y Combinator, laying the groundwork for what would become "the front page of the internet."
Image via Shutterstock
Read next: <a href="https://www.benzinga.com/government/regulations/25/05/45466451/elizabeth-warren-torches-doges-social-security-fraud-claims-pointing-at-internal-memo-discovery-says-elon-musk-jd-vance-and-trump-are-lying">Elizabeth Warren Torches DOGE&#8217;s Social Security Fraud Claims Pointing At Internal Memo Discovery, Says &#8216;Elon Musk, JD Vance, And Trump Are Lying&#8217;</a>

NVDA

Nvidia's Jensen Huang Doesn't Want You To Order A Shake At Denny's, 'Get A Coke' He Says

In a social media outburst this week, President Donald Trump targeted music icons Taylor Swift and Bruce Springsteen, as well as the Supreme Court.
What Happened: Upon returning from a four-day Middle East journey, Trump immediately took to Truth Social to air his grievances. Swift and Springsteen, both of whom have been outspoken critics of the president, were his first targets.
Springsteen had earlier voiced his disapproval of the Trump administration during a concert in Manchester, England, on May 14. Trump retaliated by labeling the musician as &#8220;overrated&#8221; and hinted at potential consequences upon Springsteen&#8217;s return to the U.S.
&#8220;I see that Highly Overrated Bruce Springsteen goes to a Foreign Country to speak badly about the President of the United States. Never liked him, never liked his music, or his Radical Left Politics and, importantly, he's not a talented guy — Just a pushy, obnoxious JERK, who fervently supported Crooked Joe Biden,&#8221; Trump said in the <a href="https://truthsocial.com/@realDonaldTrump/posts/114517896576879203?_sp=dd04cda4-eba1-403f-a691-7d0aaa8dfc19.1747462116726">post</a>. 
Also Read: <a href="https://www.benzinga.com/general/sports/25/02/43581701/super-bowl-2025-sees-surge-in-taylor-swift-related-wagers">Super Bowl 2025 Sees Surge In Taylor Swift-Related Wagers</a>
&#8220;This dried out &#8216;prune&#8217; of a rocker (his skin is all atrophied!) ought to KEEP HIS MOUTH SHUT until he gets back into the Country, that's just &#8216;standard fare.&#8217; Then we'll all see how it goes for him!&#8221; he further added in that post.
Swift also found herself in the crosshairs of Trump&#8217;s wrath. The president had previously expressed his distaste for the singer after she endorsed his political rival, Kamala Harris, in the 2024 presidential race.
&#8220;Has anyone noticed that, since I said &#8216;I HATE TAYLOR SWIFT,&#8217; she's no longer &#8216;HOT?&#8217;" Trump said in another <a href="https://truthsocial.com/@realDonaldTrump/posts/114517718765768352">post</a>.
Trump also voiced his dissatisfaction with the Supreme Court, which had previously thwarted his administration&#8217;s attempt&nbsp;to use a 1798 wartime&nbsp;law to deport a group&nbsp;of Venezuelan immigrants. The president described the ruling as a &#8220;bad and dangerous day for&nbsp;America.&#8221;
Why It Matters: This recent outburst from Trump is indicative of the escalating tension between the president and his critics. The targeting of high-profile figures such as Swift and Springsteen, who have large followings and significant influence, suggests an increasingly combative approach from the president. 
His criticism of the Supreme Court also underscores the ongoing conflict between the executive and judicial branches of government. 
This incident further highlights the polarized political climate and raises questions about the potential implications for future policy and legislation.
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Image: Shutterstock/Brian Friedman

Trump Takes Aim at Taylor Swift: 'No Longer Hot' — Slams 'Washed Up' Bruce Springsteen

Charlie Munger, the late Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) vice chair, once mentioned that smart stock traders imitate baseball sluggers who "wait for one that they can really handle" instead of hacking at every offering.
What Happened: Munger told CNBC in a birthday-tribute <a href="https://www.cnbc.com/2023/11/30/full-transcript-from-cnbcs-charlie-munger-a-life-of-wit-and-wisdom-.html">interview</a> in November 2023, &#8220;The great home runners do not remotely swing at every pitch … and that's what great stock traders do too,&#8221; driving home a lesson about patience and risk control.
Munger's warning came after host Becky Quick asked how to avoid ruinous mistakes. "Do not live your life in such a fashion that a bad day can kill you," he replied, a nod to steering clear of excessive leverage.
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See also: <a href="https://www.benzinga.com/general/market-summary/25/05/45399940/warren-buffett-shows-how-patience-pays-98-of-his-160-billion-wealth-came-after-turning-65-thanks-the-power-of-compound-interest">Warren Buffett Shows How Patience Pays: 98% Of His $160 Billion Wealth Came After Turning 65, Thanks The Power Of &#8216;Compound Interest&#8217;</a>
The 99-year-old billionaire, who <a href="https://www.benzinga.com/news/23/11/35989969/charlie-munger-buffetts-trusted-partner-dies-at-99">died two weeks later</a>, built his fortune alongside Warren Buffett by waiting years for rare, high-conviction opportunities such as Coca-Cola and American Express, then betting big. Their approach echoes Buffett's own diamond-plate axiom: &#8220;The stock market is a no-called-strike game. You don&#8217;t have to swing at everything – you can wait for your pitch.&#8221;
Why It Matters: While not one to draw too many sports parallels, in the same 2023 interview, Munger praised legendary UCLA coach John Wooden for concentrating minutes on his seven best players — an allegory for loading up on a few standout stocks.
Buffett, meanwhile, often <a href="https://www.cbsnews.com/news/how-to-swing-a-deal-like-warren-buffett/">cites</a> Baseball legend Ted Williams, dividing the plate into 77 cells to prove that selective swings boost averages — his metaphor for a tight circle of competence. Similarly, in a 1974 Fortune <a href="https://novelinvestor.com/buffetts-no-called-strikes/">interview</a>, Buffett stressed that investors can watch endless pitches without penalty, unlike ballplayers facing an umpire's count.
Benzinga Edge Stock Rankings gives Berkshire Hathaway's Class-A shares a momentum score of 82.06% and a strong growth score of 91.38%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Check to see how BRK's Class-B shares compare</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="141" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16022900/brka-edge-1024x141.png" alt="" class="wp-image-917480" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16022900/brka-edge-1024x141.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16022900/brka-edge-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16022900/brka-edge-768x106.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16022900/brka-edge-1536x212.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/16022900/brka-edge.png 1608w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Kent Sievers via Shutterstock.com
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Financial Advisors

Charlie Munger Once Compared Smart Investors To 'Great Home Runners' And Explained Why Winners 'Wait For One They Can Really Handle'

Rep. Marjorie Taylor Greene (R-Ga.) has addressed rumors that President Donald Trump discouraged her from pursuing a <a href="https://www.benzinga.com/news/24/04/38131609/marjorie-taylor-greenes-unfounded-blackmail-claims-against-speaker-mike-johnson-stir-tensions-in-gop">U.S. Senate seat</a>.
What Happened: According to a report, Trump&#8217;s team carried out a poll which indicated Greene was lagging considerably in the Senate race. The president allegedly presented these results to Greene, in an effort to dissuade her from entering the race.
There has been rampant speculation about Greene&#8217;s political trajectory, with many pondering if she would challenge incumbent Sen. Jon Ossoff (D-Ga.) next year. With a strong GOP candidate, Ossoff&#8217;s re-election race is said to be a tossup.
According to the report <a href="https://www.wsj.com/politics/elections/trump-helped-ease-marjorie-taylor-greene-out-of-possible-senate-run-f0581580">by</a> The Wall Street Journal, the survey, executed by Trump&#8217;s long-term pollster Tony Fabrizio, reportedly indicated Greene trailing Ossoff by 18 points, despite a potential primary victory. The poll indicated that Gov. Brian Kemp (R) or Small Business Administration Administrator Kelly Loeffler (R), a former Georgia senator, would be stronger contenders against Ossoff.
In response to the Journal report, Greene took to social media to deny having discussed a Senate run with Trump. She lambasted the media narrative being constructed around her and cast doubt on the poll&#8217;s accuracy.
Also Read: <a href="https://www.benzinga.com/news/24/04/38237873/marjorie-taylor-greene-isnt-backing-down-on-criticism-of-house-speaker-despite-donald-trumps-efforts">Marjorie Taylor Greene Isn&#8217;t Backing Down On Criticism Of House Speaker Despite Donald Trump&#8217;s Efforts To Quell Rift: &#8216;I&#8217;m Not Full Of Sh&#x2A;t Just Like Mike Johnson Is&#8217;</a>
&#8220;I have never spoken with President Trump about running for Senate or any other race. But for some reason, some consultants and aids [sic] are leaking to the usual tools in the media in order to promote the narrative they want to tell about me,&#8221; she said in a post on X. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have never spoken with President Trump about running for Senate or any other race. But for some reason, some consultants and aids are leaking to the usual tools in the media in order to promote the narrative they want to tell about me. I have always supported President Trump… <a href="https://t.co/jf2hiLeaBO">https://t.co/jf2hiLeaBO</a>
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1923132419240009934?ref_src=twsrc%5Etfw">May 15, 2025</a></blockquote>
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Despite the ongoing controversy, Greene has not yet committed to any potential races, stating that her decision will be based on&nbsp;&#8220;where I can be most&nbsp;effective and what is good&nbsp;for me and my family.&#8221;
Why It Matters: This incident highlights the ongoing influence of Donald Trump within the Republican Party, even after his presidency.
The fact that his advice could potentially sway the political ambitions of a sitting congresswoman like Greene, who is a staunch supporter of his, underscores his continued relevance and sway within the party.
This development could also impact the balance of power in the Senate, depending on whether Greene decides to run or not.
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Image: Shutterstock/lev radin

Did Trump Talk Marjorie Taylor Greene Out of Georgia Senate Run?

It's easy to feel behind when people show off their highlights on social media. Financial guru Vincent Chan recently dissected this trend and <a href="https://www.tiktok.com/@vincentchanco/video/7500928898268548385?lang=en">how people appear richer than they actually are</a>.
Knowing how people appear rich is important because breaking facades can take you out of the "Keeping up with the Joneses" cycle. Instead of comparing wealth based on how your friends appear, Chan recommends focusing on your finances. He even offers an optimistic thought to keep in mind.
"You're not behind," Chan assured his followers.
These are the ways people appear richer than their friends, according to Chan.
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<h2 class="wp-block-heading">Most Americans Take On Debt To Look Rich</h2>
Most people use credit card debt to appear richer than they are. High credit card debt allows people to buy luxury items, and if they display those items, they may appear wealthy. However, that isn't actual wealth.
Chan explains that the average American has $7,000 in unpaid credit card debt. Looking nice doesn't necessarily translate into good finances. Chan mentions that most millionaires drive cheap cars and wear normal clothing.
Becoming a millionaire involves saving money and making good financial decisions over the long run. Even though these people can afford luxury items without going into debt, many of them avoid those purchases because of their financial habits.&nbsp;
Trending: 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 $0.30/share!</a>
<h2 class="wp-block-heading">Not Knowing What You Want In Life Can Pull You Into The Fake Wealth Web</h2>
Many people compare themselves with others. They view other people as a benchmark for their success, but many of those comparisons come down to material goods. It's part of why the phrase "Keeping up with the Joneses" has been used for more than 100 years.
If someone in a friend group has a luxury handbag, other people in that friend group will follow suit. Chan says you can avoid this cycle by developing a clear vision for your life and knowing what you want.
Having meaningful life goals allows you to compete against yourself instead of comparing others and using them as benchmarks to gauge your success.&nbsp;
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Don't Put Too Much Thought On Visible Spending</h2>
Visible spending is another trait of people who look rich but aren't actually wealthy. It can feel like someone is ahead of you if they drive in a luxury car and have the latest iPhone model. However, real wealth comes down to invisible details like your bank account, stock portfolio, financial security, and peace of mind.
You don't know someone's account balance, and visible spending doesn't mean that a person has money to spend. Some people go deep into credit card debt to create the facade of wealth. That's why it is important to silently build wealth and not feel the need to show it off.&nbsp;
People who show off the most and talk the loudest rarely have actual wealth. As Chan mentioned earlier, most millionaires look like ordinary people and have no desire to flex their finances.&nbsp;
<figure class="wp-block-embed is-type-video is-provider-tiktok wp-block-embed-tiktok"> 
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<blockquote class="tiktok-embed" cite="https://www.tiktok.com/@vincentchanco/video/7500928898268548385" data-video-id="7500928898268548385" data-embed-from="oembed" style="max-width:605px; min-width:325px;"> <section> <a target="_blank" title="@vincentchanco" href="https://www.tiktok.com/@vincentchanco?refer=embed">@vincentchanco</a>
Here are 3 reasons why everyone seems to have more money than you. Do you agree? Let me know in the comments Follow @vincentchanco to make smarter money moves <a title="money" target="_blank" href="https://www.tiktok.com/tag/money?refer=embed">#money</a> <a title="finance" target="_blank" href="https://www.tiktok.com/tag/finance?refer=embed">#finance</a> <a title="personalfinance" target="_blank" href="https://www.tiktok.com/tag/personalfinance?refer=embed">#personalfinance</a> <a title="investing" target="_blank" href="https://www.tiktok.com/tag/investing?refer=embed">#investing</a> <a title="saving" target="_blank" href="https://www.tiktok.com/tag/saving?refer=embed">#saving</a> <a title="income" target="_blank" href="https://www.tiktok.com/tag/income?refer=embed">#income</a> <a title="wealth" target="_blank" href="https://www.tiktok.com/tag/wealth?refer=embed">#wealth</a>
 <a target="_blank" title="♬ original sound - Vincent Chan" href="https://www.tiktok.com/music/original-sound-7500930297362451233?refer=embed">♬ original sound &#8211; Vincent Chan</a> </section> </blockquote>
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Image: Shutterstock

Vincent Chan Shares Tricks People Use To Appear Richer Than Their Friends: 'You're Not Behind'

France is witnessing a rising wave of kidnappings aimed at cryptocurrency entrepreneurs. The situation is not only damaging the country&#8217;s reputation but is also becoming a political issue, impacting the government and a potential 2027 presidential contender.
What Happened: A recent increase in ransom kidnappings is creating unrest within France&#8217;s crypto industry and the government led by President Emmanuel Macron. Interior Minister Bruno Retailleau, who is rumored to be a potential candidate for the presidency, is particularly affected by this situation.
Earlier this month, a kidnapping incident concluded&nbsp;with a police raid and&nbsp;the arrest of seven suspects. However, this incident, along with other similar cases, continues to unsettle the crypto industry and the political environment in the country.
Retailleau convened a private meeting with crypto entrepreneurs last Friday&nbsp;to discuss their safety and&nbsp;to limit further harm to his and Macron&#8217;s efforts to establish France as a friendly base for innovative technologies and businesses.
This week, another kidnapping attempt in Paris has further intensified the problem. The victim&#8217;s father, Pierre Noizat, CEO and&nbsp;founder of the Bitcoin exchange&nbsp;platform Paymium, has criticized&nbsp;French judges and politicians for&nbsp;their perceived inaction.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45399583/cryptocurrency-tycoons-daughter-escapes-kidnapping-attempt-viral-video-captures-terrifying-ordeal">Cryptocurrency Tycoon&#8217;s Daughter Escapes Kidnapping Attempt</a>
Speaking to French broadcaster BFMTV, Noizat alleged there is "lack of action." He added in the statement that his son-in-law required stitches for injuries suffered while fighting off the attackers. 
He also expressed concerns about other wealthy entrepreneurs saying they could also be targeted. "I think it&#8217;s just the start if nothing is done," he said and as quoted <a href="https://abcnews.go.com/International/wireStory/france-tackling-crypto-kidnapping-wave-denting-image-potential-121873316">by</a> ABC News.
Eric Larchevêque, another crypto entrepreneur, reiterated Noizat&#8217;s concerns, stating that all entrepreneurs and France&#8217;s image are at risk. Retailleau&#8217;s ministry has pledged to improve security&nbsp;for crypto entrepreneurs and their&nbsp;families.
"All entrepreneurs and the image of France are threatened," he said in a statement. 
Why It Matters: The escalating wave of kidnappings is not only a threat to the safety of crypto entrepreneurs but also poses a significant challenge to the French government&#8217;s efforts to promote the country as a hub for technological innovation. 
This situation could potentially impact the political ambitions of figures like Retailleau, who are associated with the government&#8217;s tech-friendly policies. 
The government&#8217;s response to this crisis will be closely watched by the crypto industry and could influence the country&#8217;s standing as a desirable location for tech businesses.
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Image: Shutterstock/rawf8

Wave of Crypto Kidnappings in France Raises Security Alarms, Possibly Impacting Presidential Race

It's easy to say what you would do in hindsight. People who could start over 10 years ago would likely put their money into Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
However, this question recently came up in the Investing subreddit, where someone asked <a href="https://www.reddit.com/r/investing/comments/1ki92st/experienced_investors_imagine_if_you_were_25/">what people would do if they were 25 again</a>.
"What would you do differently?" The Redditor inquired.&nbsp;
The responses demonstrate how the fundamentals of stock investing continue to hold true. These are some of the insights from investors who said what they would do if they were 25 again.
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<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">Invest before it's too late.</a></li>
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<h2 class="wp-block-heading">Buy And Hold</h2>
The stock market has endured many rallies and corrections. Sharp volatility can cause panic and miss out on great opportunities. Many people regret exiting their positions at the wrong time instead of sticking with their stocks during slower cycles.&nbsp;
Even the people who mostly got it right still have some regrets or things that they wish they had done differently. One investor got an early start but still wished they had gotten into the market a little earlier.
"I invested [in Vanguard S&amp;P 500 ETF (NYSE Arca:VOO)] when I was 23 and still holding, and I wish I invested earlier."
Benchmarks like these have delivered solid long-term returns. They also don't require much maintenance since they follow an index, and a portfolio manager oversees the assets for you.&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">Focus On The First $100,000</h2>
While investing at a young age can give you a tremendous head start, you have to increase your investments and income to expand your portfolio.
One commenter explained the importance of reaching a $100,000 net worth and used a quote from Charlie Munger to demonstrate their point.
&nbsp;"Don&#8217;t worry about earning millions; instead, focus on the first $100,000 because, after that, your net worth will go crazy," Munger had previously said.
Net worth catapults after $100,000 because of the significance of a 10% gain. If you get a 10% gain on $1,000, you end up with $1,100. However, a 10% gain on $100,000 results in $110,000. Eventually, your portfolio will grow faster than the amount you can contribute to it each year.
Establishing good money habits like tracking your expenses and regularly investing will get you there faster. You can also pick up a side hustle to catapult your way to a $100,000 portfolio sooner.&nbsp;
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
<h2 class="wp-block-heading">Avoid Distractions</h2>
Younger investors are conditioned to take more risks. The logic is that younger investors can wait for the stock market to recover and don't have to worry as much about short-term dips.
However, that doesn't mean you should be a reckless investor and succumb to distracting financial instruments.&nbsp;
"Options, futures, commodities [are] fun distractions, but don&#8217;t spend your hard-earned money and hundreds of hours on them only to get maybe a few percent extra and sometimes even lose money on it."
Avoiding distractions doesn't only come down to derivatives. Keeping away from vices, people who drag you down, and bad thoughts can also aid you on your investing journey.&nbsp;
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Experienced Reddit Investors Imagine If They Were 25 Again: 'What Would You Do Differently'

Graduating college is a major milestone — but this year, many students are stepping off the stage into an uncertain job market. In her recent <a href="https://www.suzeorman.com/blog/A-Warning-for-New-Grads">blog post</a>, financial expert Suze Orman points out that the current employment climate is being shaped by global economic shifts, including a tariff war and recession fears. As a result, some new grads are considering an immediate return to school instead of entering the workforce.
While that might seem like a smart move, Orman has a clear message: "Slow down."
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<h2 class="wp-block-heading">Why Grad School Isn't Always the Best Next Step</h2>
Graduate school can feel like a safe haven when job prospects are slim. The logic is easy to follow: get another degree, increase your qualifications, and come out the other side ready for better-paying work.
But Orman urges graduates to stop and ask an important question: How will you pay for it?
She points out that federal <a href="https://www.benzinga.com/personal-finance/25/05/45306698/will-i-have-more-money-in-the-long-run-by-taking-out-student-loans-instead-of-paying-cash-suze-orman-weighs-in">student loan programs</a> allow graduate students to borrow significant amounts — up to $138,500 combined for undergraduate and graduate studies through the Direct Loan program. Additional funding is available through the Grad PLUS loan program, which allows borrowing up to the full cost of attendance.
Neither program checks whether you'll realistically be able to repay those loans, she warns. "That is crazy," Orman writes.
Trending: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">Invest before it's too late.</a>
<h2 class="wp-block-heading">Borrowing Limits Can Create Long-Term Burdens</h2>
Too much debt early on can derail future plans. Orman recommends following college financing expert Mark Kantrowitz's rule: don't borrow more for school than you're likely to earn in your first year of work.
For example, if your chosen field typically pays $60,000 a year starting out, your total education debt — both undergrad and grad — should stay under that amount. Going far above it could lead to a <a href="https://www.benzinga.com/personal-finance/25/01/43312785/gen-x-is-labeled-the-economys-struggling-middle-child-carrying-significant-financial-burdens-median-retirement-balance-is-only-10000">financial burden</a> that sticks around for decades. Worse, it may push you toward higher-paying jobs you're not passionate about, just to keep up with payments.
<h2 class="wp-block-heading">Parents Should Think Twice Before Pitching In</h2>
Orman also cautions parents and grandparents not to compromise their own financial stability to help pay for a child's graduate school. "Being able to support yourselves throughout your retirement must be your priority," she writes.
That means family members should resist the urge to co-sign loans or dip into retirement savings for grad school costs. Instead, they can support their loved ones by encouraging smarter financial decisions.
See Also: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">A Better Path: Work First, Then Reassess</h2>
Orman doesn't rule out graduate school completely. But she believes it's worth waiting. Working for a few years can give new graduates a better understanding of what they want in a career — and allow time to save for future education.
Plus, gaining real-world experience can strengthen future grad school applications and lead to better scholarship or employer-sponsored education opportunities.
In Orman's view, the key is to avoid rushing into <a href="https://www.benzinga.com/personal-finance/25/04/44886630/grant-cardone-explains-how-the-2-7-trillion-debt-crisis-can-blow-up-the-economy-the-problem-is-s">more debt</a> before having a clear plan. The goal is to make grad school a financially smart choice, not just a convenient escape.
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