Ultime notizie per PhaseRx (OTC:PZRXQ) Azioni

PhaseRx Inc is a biopharmaceutical company. It is developing a portfolio of products for the treatment of inherited enzyme deficiencies in the liver using intracellular enzyme replacement therapy, or i-ERT. The approach is enabled by proprietary Hybrid messenger RNA, or mRNA, Technology platform, which allows synthesis of the missing enzyme inside the cell. The product portfolio targets the three urea cycle disorders ornithine transcarbamylase deficiency, or OTCD, argininosuccinate lyase deficiency, or ASL deficiency, and argininosuccinate synthetase deficiency, or ASS1 deficiency.

PhaseRx Inc

How much money does it take to retire comfortably? Using the <a href="https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:all;population:1;units:median">Federal Reserve's 2022 Survey of Consumer Finances</a>, retirees' net worth has been split into six tiers, offering a sharp snapshot of financial health for those aged 65 and up. The Fed doesn't list these tiers outright, <a href="https://www.federalreserve.gov/publications/files/scf23.pdf">but the data</a>—based on percentiles—is rich enough to draw a clear picture.
Net worth is calculated by adding up everything someone owns—homes, retirement accounts, investments—and subtracting debts like mortgages or credit cards. This survey is done every three years, and since the last update was in 2022, the insights here will remain the benchmark until new data arrives, most likely in late 2026.
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</ul>
<h2 class="wp-block-heading">Bottom 25%: Under $50,000</h2>
About one in four retirees falls here, with net worth under $50,000. Many rely primarily on Social Security, including the average $1,900 monthly benefit. There is often little in savings, and emergency needs—like medical bills—can quickly drain limited resources.
<h2 class="wp-block-heading">Lower Middle Tier: $50,000 to $410,000</h2>
Next up, retirees with net worth between $50,000 and the median $410,000. Homeowners in this group may be debt-free or carry manageable mortgages. With cautious planning, they often stretch Social Security and modest savings to make ends meet, though luxury remains out of reach.
<h2 class="wp-block-heading">Upper Middle Tier: $410,000 to $1.52 Million</h2>
Between the median and the 80th percentile, retirees in this bracket likely hold paid-off homes and healthy investments. They have enough flexibility for travel, health surprises, and occasional extras without jeopardizing their budget.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.
<h2 class="wp-block-heading">Affluent Tier: $1.52 Million to $2.99 Million</h2>
Here, retirees enjoy real financial comfort. Investments are diversified and managed. Philanthropy, home upgrades, and travel are doable. They sleep better knowing unexpected costs are unlikely to derail their plans.
<h2 class="wp-block-heading">Top 10%: $2.99 Million to $13.7 Million</h2>
These retirees sit in the 90th to 99th percentile. Their wealth allows for complex financial strategies—multi-generational planning, private wealth advisors, long-term care budgets. They've often <a href="https://www.benzinga.com/money/are-you-rich">built this through long-term investing</a> or real estate gains.
<h2 class="wp-block-heading">Top 1%: Over $13.7 Million</h2>
At the pinnacle, <a href="https://www.benzinga.com/personal-finance/management/25/06/45895323/think-youre-rich-heres-the-income-and-net-worth-it-actually-takes-to-join-the-top-1-5-and-10">just 1% of retiree households</a> exceed $13.7 million in net worth. This group enjoys complete financial choice—most continue working by choice, not necessity—and can focus on legacy, impact, or passion projects.
<h2 class="wp-block-heading">A Surprising Retirement Gap</h2>
Americans often underestimate the challenge. The <a href="https://news.northwesternmutual.com/2025-04-14-Americans-Believe-They-Will-Need-1-26-Million-to-Retire-Comfortably-According-to-Northwestern-Mutual-2025-Planning-Progress-Study">Northwestern Mutual 2025 Planning &amp; Progress Study</a> found the average person believes they need $1.26 million to retire well. Yet data shows <a href="https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:agecl;population:all;units:median;range:1989,2022">most households age 65 to 74 </a>hold under $410,000. Only about one in ten have saved more than ten times their income.&nbsp;
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<h2 class="wp-block-heading">So… How Much Do You Really Need?</h2>
That depends on more than just a number. Are you planning to renovate your home—or downsize? Do you see yourself spending retirement traveling the country, or helping raise grandkids? Will you pay off a mortgage, start a small business, or take on part-time work for fun and flexibility?
Your lifestyle matters just as much as your balance sheet. Two retirees with the same net worth might live very different lives depending on how they spend, where they live, and how much support they have. One might be sipping coffee in a paid-off condo while the other is juggling property taxes, adult children, and a second car payment.
The six wealth tiers can <a href="https://www.benzinga.com/money/smartasset">give a sense of where you stand</a>—but the real question is how you'll use what you have. The number alone won't define your retirement. What you do with it will.
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

Personal Finance

There Are 6 Tiers Of Wealth For Retirees — Are In The Top 1% Or Just Upper Middle Class?

A minor investment bank, guided by&nbsp;Donald Trump Jr.&nbsp;and&nbsp;Eric Trump, has enabled a relatively unknown toymaker to make a profitable shift to cryptocurrency, causing its stock to skyrocket by more than 500%.
What Happened: Dominari Holdings Inc., where the Trump brothers are advisors, played a key role in two transactions within a month that resulted in a $120 million profit. 
Dominari initially helped an investment fund, overseen by its senior executive Soo Yu, to purchase a stake in the struggling toymaker&nbsp;SRM Entertainment Inc.
Last week, SRM revealed plans to rebrand as&nbsp;Tron Inc., with crypto entrepreneur Justin Sun joining as an advisor. This announcement caused SRM&#8217;s stock to jump from less than $2 to over $9, yielding significant profits for Dominari, Soo Yu, and the fund she manages, <a href="https://www.bloomberg.com/news/articles/2025-06-18/trump-linked-bank-helped-set-up-120-million-tron-deal-windfall?sref=TBDibEcD">reports </a>Bloomberg. 
The fund&#8217;s stake, acquired for $5 million in May, was valued at $127 million by Tuesday night.
While the Trump family holds advisory positions at Dominari, there is no proof of their participation in these transactions. 
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46042224/donald-trump-jr-joins-mark-cuban-in-slamming-elizabeth-warren-on-healthcare-pricing">Donald Trump Jr. Joins Mark Cuban In Slamming Elizabeth Warren on Healthcare Pricing</a>
Nonetheless, this swift profit contributes to the financial wins of executives linked with the Trump family over the past year, especially in the cryptocurrency sector.
SRM&#8217;s metamorphosis includes a strategic shift towards buying virtual tokens associated with Sun&#8217;s crypto platform. This step signifies another expansion to the growing network of crypto-related ventures connected to Trump allies.
Although the ultimate recipients of the investment fund&#8217;s successful wager are yet to be determined, Dominari and Yu were given warrants for their involvement in the May deal, which rose in value from $230,000 to $3.8 million by Tuesday.
Why It Matters: The sudden windfall for SRM Entertainment Inc., now Tron Inc., highlights the growing influence of cryptocurrency in reshaping traditional industries. 
The involvement of high-profile figures such as the Trump brothers and Justin Sun further underscores the mainstream acceptance of digital currencies. 
This event also draws attention to the potential for significant financial gains in the crypto sector, even for struggling businesses.
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Small Investment Bank Tied to Trump's Sons Facilitated $120 Million Trading Windfall

For anyone stuck in a low-paying, high-stress job, <a href="https://www.benzinga.com/personal-finance/25/02/43759794/are-you-a-top-1-earner-heres-what-you-need-to-rake-in-to-be-among-the-richest">making six figures</a> might sound like the ultimate goal. A recent Reddit <a href="https://www.reddit.com/r/Salary/comments/1lfmvlh/to_those_of_you_making_100k_per_year_how_hard_is/">post</a> asked a simple question: &#8220;To those of you making $100K+ per year, how hard is your job, really?&#8221; The answers surprised a lot of people.
<h2 class="wp-block-heading">Big Pay Doesn't Always Mean Big Stress</h2>
While some six-figure earners put in long hours or deal with intense pressure, many say their work is surprisingly manageable.
&#8220;I am making $205K this year and I&#8217;m stoned most of the time while doing my job,&#8221; one person said about their remote public relations role in New York. &#8220;My job is easy to me, but maybe not to other people.&#8221;
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A <a href="https://www.benzinga.com/news/25/01/43346851/surprisingly-feasible-software-engineer-shares-how-a-175k-second-job-helped-him-save-20k-in-just-two-months">software engineer</a> making $450,000 admitted, &#8220;I work about 40 hours a week, just like most other jobs. My job would be very hard for engineers with less experience in my domain,&#8221; but for him, &#8220;things feel pretty straightforward.&#8221; Another added, &#8220;I work about 15 hours a week running email campaigns in my boxers [for $110,000]. Could easily be making $150-200K, but the work/life balance is invaluable.&#8221;
<h2 class="wp-block-heading">Experience Is Everything</h2>
Many said their jobs only feel easy because of the years of work they put in earlier. One person summed it up like this: &#8220;The job isn't hard. What was hard was getting here.&#8221;
Some roles, like development, security, and operations, or DevSecOps, come with real responsibility. &#8220;I make 225k base with 30-70k bonus. The pressure is real&#8230; infrastructure being the backbone of everything,&#8221; one worker said. But even in those demanding fields, the payoff can be worth it: &#8220;I wouldn't trade it. I've reached a point where the pay is good, the work is meaningful, and I have enough autonomy.&#8221;
Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Hard Isn't Always Physical</h2>
There's a big difference between physical labor and mentally demanding work. A registered nurse making around $120,000 said, &#8220;It's more so mentally tough having to take care of the more difficult patients.&#8221; Dealing with families was one of the top complaints among nurses.
Others echoed that not all &#8220;hard&#8221; jobs feel the same. &#8220;Jobs aren&#8217;t paid by how hard they are,&#8221; one commenter wrote. &#8220;You&#8217;re paid based on how easily replaceable your skill set is and how much value the position creates.&#8221;
<h2 class="wp-block-heading">Sales And Tech Reign Supreme</h2>
Sales and tech roles were common among high earners, often with flexible hours and big bonuses. &#8220;When it&#8217;s great, it feels like I am cheating in life,&#8221; said one tech salesperson. &#8220;When it&#8217;s bad, I regret all my life decisions. In sales, you don&#8217;t just make &#8216;less,&#8217; you get fired.&#8221;
Another person in the same field making about $300,000 a year said, &#8220;As long as I get my sh&#x2A;t done, my manager doesn't care what I do. I take off early to golf a lot, wake up 30 minutes before my meetings, and can take my calls from anywhere in the world.&#8221;
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">Some Jobs Really Are That Tough</h2>
Not everyone in the thread had it easy. Military officers, air traffic controllers, and clinical nurse managers described heavy stress and long hours.
&#8220;Work/life balance is terrible,&#8221; one officer wrote. &#8220;I heavily dislike it but I have a family to feed and the retirement is literally the best there is. 40 hours a week isn&#8217;t even close enough to cover all the sh&#x2A;t that I need to do, on top of all the things I&#8217;m expected to do outside of work—physical training, master&#8217;s degree, military education.&#8221;
The responses made one thing obvious: pay and difficulty aren't always connected. A job might be stressful, but not hard. Or it might be chill, but it took years of hustle to get to that point. As one person put it: &#8220;You aren't paying someone to push the buttons so much as you are paying them to know what button to push.&#8221;
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Earning More Than $100,000 Feels Like A Dream To Many. But When You Look Closer, Some Of These Jobs Aren't As Difficult As You'd Think

The recent US strike on Iran&#8217;s nuclear facilities has sparked concerns about the potential repercussions on global oil prices, as market analysts and traders assess the situation.
What Happened: According to a report, the US&#8217;s Saturday assault on Iran&#8217;s nuclear infrastructure could significantly influence oil prices, although the long-term consequences are still unclear.
Oil market participants are now contemplating whether the US&#8217;s actions might trigger a broader conflict that could disrupt Persian Gulf exports, Muyu Xu, a&nbsp;senior Asia crude oil analyst&nbsp;at&nbsp;Kpler,&nbsp;a global commodities and shipping&nbsp;data firm, <a href="https://www.nytimes.com/2025/06/22/business/us-iran-oil.html">told </a>The New York Times. 
Such a situation could inflate&nbsp;prices if oil-loading facilities are&nbsp;compromised or tanker traffic is impeded.
Despite the recent intensification of the Israel-Iran conflict, oil supplies have remained largely unaffected. However, oil prices have surged approximately 10 percent since the onset of hostilities with Israel&#8217;s unexpected attack on Iran on June 13.
Any Iranian military response that disrupts oil flow would predominantly impact China, Iran&#8217;s main oil export customer and close ally. 
In contrast, the US, which purchases&nbsp;less than 3 percent of&nbsp;the Persian Gulf&#8217;s oil, would be less affected due to its increased domestic oil production from fracking technologies.
Als<a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites" target="_blank" rel="noreferrer noopener">o Read: Donald Trump Announces ‘Spectacular Military Success' As US Strikes Key Iranian Nuclear Sites</a>
Meanwhile, Iran's parliament voted on Sunday to authorize the potential closure of the Strait of Hormuz, following overnight US airstrikes on Iranian nuclear sites. Strait of Hormuz is the world&#8217;s most sensitive oil shipping chokepoint.
Iran's state media has reported that the vote, though largely symbolic, grants authority to the Supreme National Security Council to move forward with the proposed measure. 
While no immediate steps are expected, the move underscores Tehran's determination to respond to what it has described as a clear act of U.S. aggression, reports <a href="https://gulfnews.com/business/markets/irans-strait-of-hormuz-closure-threat-raises-stakes-for-global-energy-shipping-1.500172765">The </a>Gulf News. 
Why It Matters: The recent escalation in US-Iran tensions has significant implications for global oil markets. The potential for a wider conflict could disrupt oil&nbsp;exports from the Persian Gulf,&nbsp;a critical region for global oil supplies. 
This could lead to a surge in oil prices, affecting economies worldwide. Particularly, China could face significant challenges as the main buyer of Iran&#8217;s oil exports. 
On the other hand, the US could be less affected due to its increased domestic oil production. However, the situation remains fluid, and the long-term impacts are still uncertain.
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US-Iran Tensions Escalate as Iran Threatens Hormuz Closure, Potentially Rattling Global Oil Markets

It turns out, being single in your 30s and 40s isn&#8217;t just emotionally isolating for some—it&#8217;s financially punishing, too.&nbsp;
A recent Reddit <a href="https://www.reddit.com/r/Millennials/comments/1letggy/no_one_really_talks_about_how_expensive_being/">post</a> in r/Millennials sparked a wide-ranging discussion, with many users pointing out that the economic system just isn&#8217;t built for individuals.
<h2 class="wp-block-heading">The Economy Is Designed For Pairs, Not Individuals</h2>
&#8220;I can&#8217;t <a href="https://www.benzinga.com/personal-finance/25/01/42880871/a-couple-asks-can-you-get-away-with-spending-only-300-per-month-on-groceries-heres-what-people-said-most-agreed-on-this-one-thing">buy food in bulk</a> because on average it would spoil before I could get through it,&#8221; the original poster wrote. &#8220;So buying smaller portions is not cheaper but somehow more expensive in the end.&#8221;
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Many agreed that <a href="https://www.benzinga.com/money/how-much-should-i-spend-on-groceries">groceries</a> were only a fraction of the problem. &#8220;I&#8217;m less concerned about bulk food shopping and more about paying an entire mortgage on my own,&#8221; one person replied. &#8220;Spinach going bad before I eat it all is not the thing killing my budget.&#8221;
As one person explained, their mortgage would have been one-third the cost of their current rent—if only their original plans hadn't fallen through due to family circumstances. Others noted that being able to split rent and bills would completely change their financial standing.
The conversation quickly expanded to cover a <a href="https://www.benzinga.com/personal-finance/management/25/06/45761398/why-do-we-feel-so-poor-middle-class-american-says-every-u-s-state-pays-more-than-the-uk-and-we-have-lower-costs-yet-brits-still-live-better">wide range of financial stressors</a> faced by single people: rent, mortgage, home repairs, car maintenance and the inability to split costs.
&#8220;It's super painful to pay alone. My life would be lavish if I could halve my expenses,&#8221; one commenter said.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Roommates Aren't Always The Answer</h2>
Several people pointed out that even <a href="https://www.benzinga.com/personal-finance/24/11/42193386/mark-cuban-shared-600-a-month-dallas-apartment-with-5-guys-and-slept-on-the-living-room-floor-i-had-nothing-so-i-had-nothing-to-lose">having a roommate</a> isn&#8217;t always a good fix. &#8220;For me, the peace of not having to deal with another person is worth not having that extra $1,000 a month,&#8221; one wrote. Another added, &#8220;Having a roommate can unfortunately be a case of financial Russian Roulette.&#8221;
Others admitted that the risks and emotional drain of living with strangers just aren&#8217;t worth the savings: &#8220;I am an introvert. I&#8217;ve had roommates I adored, but even just existing in the same space as another person is exhausting,&#8221; one person shared. &#8220;Home should be my sanctuary.&#8221;
<h2 class="wp-block-heading">A System That Doesn't Fit</h2>
The bulk of responses echoed the idea that the current economic model is more suitable for couples. "Society was not designed for single people and it's not sustainable long term," one commenter wrote. Others pushed back, saying it can be done—but only with a high income or extreme discipline.
&#8220;Sure, you can freeze food, meal prep and shop sales,&#8221; one person said, &#8220;but not everyone has the time, energy, space or mental bandwidth to do that every week.&#8221;
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
Several comments referenced what's often called the &#8220;single tax&#8221;—not an actual tax, but the lack of financial perks enjoyed by couples. "When my partner and I met, moved in together and combined finances, all my money concerns disappeared," one person wrote.
Another said, &#8220;I work with couples who each make twice what I make. They live in a world with four times the income and half the expenses.&#8221;
For many Millennials, the price of independence is higher than anyone warned. And while living alone offers freedom, it often comes with a financial penalty that's quietly reshaping how people think about adulthood and stability.
Read Next: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Image: Shutterstock

No One Warned Millennials That Being Single Could Be So Expensive. It's Becoming One Of The 'Biggest Financial Barriers No One Talks About'

Receiving regular insights from personal finance experts can help you set long-term goals and adopt good money habits. However, most of the strategies revolve around saving money and ruthlessly cutting costs. That's why "I Will Teach You To Be Rich" author Ramit Sethi proposed a <a href="https://www.youtube.com/watch?v=HFTAGjeWBXs">different path</a>.
"Very few people talk about increasing your earnings," he said in a recent video about mastering your personal finances.
Sethi then shared the mentality you should have when thinking about your income and expenses, plus some strategies you can use to boost your earnings.
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</ul>
<h2 class="wp-block-heading">There Is No Limit To How Much You Can Earn</h2>
There are limits to how much you can reduce expenses. If you earn $5,000 per month, you cannot reduce expenses by more than $5,000 per month since you need housing, groceries, and other essentials. You can operate more efficiently to save money, but every penny-pincher always bumps into the necessities and gets stuck.
However, there is no limit to how much you can earn. Sethi explains that most people operate as if they have been given a fixed pie that dictates how much they earn. Since people are always taught to cut these expenses above all else, it's easy to view income as a ceiling instead of looking for ways to boost your income in a meaningful way.
Sethi says that an extra $500 per month can change most people's lives. He then upped the ante and asked how your life would change if you made an additional $5,000 per month. Having these thoughts can shift the conversation from relentlessly cutting costs to discovering better ways to make extra money.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">Adopting An Abundance Mentality</h2>
Suppose you're thinking about going on a vacation. You have a destination in mind, and it may have been on your list for a few years. However, there's one problem: it's a very expensive trip.
People without an abundance mindset may wave off their bucket list item and say that they can't afford it. However, an abundance mindset can make that dream trip more attainable. Sethi says that if you want to travel to that major destination, look for ways to make more money.
Using a trip like that as your goal can inspire you to work harder and smarter as you look for ways to boost your earnings.&nbsp;
<h2 class="wp-block-heading">Develop Skills That Increase Your Earnings</h2>
Having the right mindset and focusing on boosting your income will lead to plenty of possibilities. You can invest more, save more, and spend more without feeling bad about yourself. However, you have to put your time into the right areas to get results.
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
Sethi suggested picking up a side hustle and learning career skills that can introduce new revenue streams. Job hopping is also a great solution, as you can get a higher salary this way than by waiting for a raise. However, Sethi mentions he knows someone who went from earning $45,000 per year to $90,000 per year while staying at the same company. Sethi credited this individual's ability to negotiate a higher salary as the reason for doubling their salary without switching jobs.
If you are motivated to earn money and prioritize income growth over cost cutting, you can give yourself more options in the future. It's still important to track your expenses and trim unnecessary costs, but if you focus on income growth, there's no limit to how much wealth you can accumulate.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

Ramit Sethi Pushes Back On Frugal Habits With One Key Insight: 'Very Few People Talk About Increasing Your Earnings'

When most people imagine the average American's wealth, <a href="https://www.benzinga.com/25/01/43174989/is-your-401k-balance-above-average-find-out-if-youre-beating-most-savers-2">they picture 401(k)s</a>, mutual funds, maybe a pile of cash stashed in a bank account. But if you dig into the data, it turns out the biggest piece of the pie is something you drive by every day: a house.
According to the <a href="https://www.federalreserve.gov/publications/files/scf23.pdf">Federal Reserve's 2022 Survey of Consumer Finances</a> — the most recent data available — primary residences make up 30% of the average American household's total net worth. That's right. The roof over your head often holds more weight in a family's finances than any stock ticker ever could.
The report, which surveys thousands of households across income brackets and age groups every three years, gives a unique look into what the typical American portfolio really looks like.
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Here's how the rest of it breaks down:
Retirement accounts like <a href="https://www.benzinga.com/personal-finance/management/25/06/45825806/is-your-retirement-nest-egg-above-average-heres-what-people-have-in-their-401k-and-ira-at-each-age">401(k)s and IRAs come next</a>, accounting for 25% of household wealth. It's the kind of savings most people don't touch until they're older, but for many, it's their biggest long-term bet.
Public equities and mutual funds make up 15% of net worth. These are the traditional stock market investments — the kind you'd expect to see topping the list. But for most households, it's just a slice of the pie, not the main course.
Private business ownership or equity stakes account for 12%, though this is more common among wealthier households and small business owners. It's a high-risk, high-reward category — one that can heavily tilt net worth upward or downward depending on success.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
Other real estate, <a href="https://www.benzinga.com/markets/25/06/45951931/renters-flood-the-new-jersey-suburbs-the-garden-state-has-more-tenants-than-any-other-state-as-home">including rental properties </a>and vacation homes, makes up 10%. Not everyone is in the landlord game, but those who are tend to diversify here.
Cash and deposits — the checking, savings, and emergency funds — only make up 5% of household wealth on average. It's enough to pay bills, but hardly the driver of long-term financial growth.
And finally, "other" assets like vehicles, collectibles, and miscellaneous valuables total just 3%. While they might feel like assets in the garage or attic, they don't move the needle much on paper.
So why does this matter?
Because the way wealth is held in America isn't just <a href="https://www.benzinga.com/money/smartasset">about the number in your retirement account</a> — it's about where your money lives. And for most households, that's still in real estate. It's a reminder that while investing is important, owning a home is still the biggest building block of wealth for everyday Americans.
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<li>Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a></li>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>
</ul>
Image: Shutterstock

Can You Guess What Single Asset Makes Up 30% Of The Average American's Portfolio? It's Not a 401(k)

Having knowledge of unique sectors and niches may help provide answers to others exploring topics in that area. A unique knowledge of antiques helped Nora Curl turn <a href="https://www.benzinga.com/real-estate/25/06/45831855/gen-z-turns-to-siblings-and-side-hustles-to-afford-homes-amid-soaring-prices">her side hustle </a>into a full-time job.
&#8220;On weekends, I would go to auction houses, museums, junk stores with friends and just kind of treasure hunt,&#8221; Curl told&nbsp;<a href="https://www.cnbc.com/2023/12/18/antique-appraiser-nora-curl-makes-an-average-10k-a-month-on-justanswer-her-advice.html" target="_blank" rel="noreferrer noopener">CNBC</a>&nbsp;of her time working in Hollywood in the 1990s.
Curl, who was able to identify rare valuables while exploring, got a degree in connoisseurship in fine and decorative arts in 2002. She then moved to New York to explore the sector.
After earning her degree, Curl ended up working at magazines, and antique storage companies, as well as assisting an artist.
By 2012, she moved back home to Pennsylvania to help care for her ailing mother. While there, Curl applied for a job with&nbsp;JustAnswer, an advice site where users pay a monthly fee for expert advice.
Curl now works on the site full-time. In 2022, Curl made $124,000, averaging around $10,000 per month.
Related Link:&nbsp;<a href="https://www.benzinga.com/news/23/12/36223545/anyone-can-start-this-side-hustle-that-brings-in-up-to-20k-a-month" target="_blank" rel="noreferrer noopener">‘Anyone' Can Start This Side Hustle That Brings In Up To 20K A Month</a>
Advice From The Antiques Expert
Curl believes that anyone who has the drive and determination can build an online career.
Curl offers two main points of advice for those interested.
The entrepreneur says that people should &#8220;invest in yourself.&#8221;
Curl continues to expand her knowledge of antiques so she can be a trusted voice on JustAnswer. She's compliant with the Uniform Standards of Professional Appraisal Practice (USPAP), which came from a 15-hour course. She also became an accredited member of the International Society of Appraisers.
Curl's monetary and time investments help her stand out with designations. It has also led to other income options outside the site.
&#8220;It took a lot of examinations, a lot of courses, and a lot of writing,&#8221; Curl said.
Curl advises entrepreneurs to look for additional revenue streams. JustAnswer is "not guaranteed income," she says.
Curl also appraises items in person. Off of JustAnswer, she charges $175 an hour and $1.25 per mile for travel. Some official written appraisals could take hours to complete and earn her thousands of dollars.
There are lots of ways to make extra income or transition into a new job that could involve working fewer hours, or other&nbsp;<a href="https://www.benzinga.com/money/how-to-make-money" target="_blank" rel="noreferrer noopener">non-traditional methods.</a>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/03/44539746/31-of-u-s-workers-have-a-side-hustle-but-which-professions-are-the-most-likely-to-take-on-side-gigs">31% Of U.S. Workers Have A Side Hustle &#8211; But Which Professions Are The Most Likely To Take On Side Gigs?</a></li>
</ul>
This story is part of a series of features on the subject of success,<a href="https://www.benzinga.com/topic/benzinga-inspire" target="_blank" rel="noreferrer noopener">&nbsp;Benzinga Inspire.</a>
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

Entrepreneurship

Success Stories

This Woman's Eye For Hidden Treasures Now Earns Her $10K A Month

In the wake of President Donald Trump&#8216;s disclosure of U.S. airstrikes on three Iranian nuclear facilities, Rep. Marjorie Taylor Greene (R-Ga.) has called on Americans to pray for protection from potential terrorist attacks.
What Happened: In a post on X, she urged Americans to &#8220;unite&nbsp;and pray for the safety&nbsp;of our U.S. troops and&nbsp;Americans in the Middle East.&#8221; Greene also called for prayers for the U.S. to avoid terrorist attacks, citing the open border over the past four years and the entry of over 2 million &#8220;gotaways.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Let us join together and pray for the safety of our U.S. troops and Americans in the Middle East. &#x1f64f; Let us pray that we are not attacked by terrorists on our homeland after our border was open for the past 4 years and over 2 Million gotaways came in.&#x1f64f; Let us pray for peace.…
&mdash; Rep. Marjorie Taylor Greene&#x1f1fa;&#x1f1f8; (@RepMTG) <a href="https://twitter.com/RepMTG/status/1936595045215527336?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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The President&#8217;s announcement, made&nbsp;at 7:50 pm on Saturday, detailed the successful strikes on three Iranian nuclear sites, namely Fordow, Natanz, and Esfahan. He applauded &#8220;our great American Warriors&#8221; and expressed hopes for peace.
Greene, a staunch Trump ally, has been an outspoken critic of U.S. involvement in the Israel-Iran conflict. She has consistently voted against pro-Israel bills in the House and has publicly voiced her dissatisfaction with the hawkish faction of the GOP.
Als<a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">o Read: Donald Trump Announces &#8216;Spectacular Military Success&#8217; As US Strikes Key Iranian Nuclear Sites</a>
Greene had earlier campaigned against foreign wars and expressed her disapproval of bombing foreign nations on behalf of others, particularly those possessing&nbsp;their own nuclear weapons and&nbsp;significant military power.
Why It Matters: Greene&#8217;s response to Trump&#8217;s announcement underscores her long-standing stance against U.S. intervention in foreign conflicts. Her call for prayers highlights the potential risks associated with such military actions, including the threat of retaliatory terrorist attacks. 
Her reference to the open border and the entry of &#8220;gotaways&#8221; suggests a link between immigration policy and national security, a contentious issue that continues to divide lawmakers. 
The response also reflects the ongoing debate within the GOP about the U.S.&#8217;s role in international conflicts, particularly in the Middle East.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong" target="_blank" rel="noreferrer noopener">Trump Publicly Contradicts DNI Gabbard's Claim That Iran Lacks Nuclear Capabilities: ‘She's Wrong'</a>
Image: Shutterstock/lev radin

Marjorie Taylor Greene's Response To Trump Bombing Iran: 'Let Us Pray That We Are Not Attacked By Terrorists On Our Homeland'

Billionaire and Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk argued in March that if a commercial company operated like the U.S. federal government, it &#8220;would go immediately bankrupt.&#8221; But economist and former U.S. Labor Secretary Robert Reich says that&#8217;s exactly the point—the government isn&#8217;t a business and shouldn&#8217;t be run like one.
<h2 class="wp-block-heading">Government Is About People, Not Profits</h2>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Musk: If a commercial company operated the way the federal government does, then it would be &#8212; immediately go bankrupt. It would be delisted. The officers would be arrested <a href="https://t.co/UECpw8XgIX">pic.twitter.com/UECpw8XgIX</a>
&mdash; Acyn (@Acyn) <a href="https://twitter.com/Acyn/status/1905389742218432871?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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&#8220;Let me make it clear. Government should <a href="https://www.benzinga.com/news/25/05/45338281/trump-has-a-proven-track-record-of-being-an-absolute-failure-says-gov-tim-walz-we-dont-need-to-run-government-like-a-business">not be run like a business</a>,&#8221; Reich said in a recent YouTube <a href="https://www.youtube.com/watch?v=hqn1uD_B70U">video</a>. While he agrees that no one wants their tax dollars wasted and supports cutting government waste, he warned that it must be done carefully — &#8220;with a scalpel, not a chainsaw.&#8221;
Reich explained that businesses are focused on profit. &#8220;Corporations like McDonald&#8217;s and Walmart, they don&#8217;t exist for the public good. They exist to maximize their shareholder returns,&#8221; he said. <a href="https://www.benzinga.com/personal-finance/25/05/45184462/yeah-no-its-low-wages-a-worker-responds-to-whether-the-skilled-labor-shortage-is-just-because-everyone-was-told-to-go-to-college">That often means low wages</a> and minimal benefits for workers, many of whom rely on taxpayer-funded programs like food stamps and Medicaid to make ends meet.
&#8220;Do you know what it means when somebody pays you minimum wage? It&#8217;s like, &#8216;Hey, if I could pay you less, I would,'&#8221; Reich said, reflecting on his time working at McDonald&#8217;s.
Trending: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Profit Can&#8217;t Be The Measure Of Public Value</h2>
The goal of government, Reich argued, is to &#8220;make life better for the people.&#8221; He pointed to the very first sentence of the U.S. Constitution, which says the government should &#8220;promote the general welfare.&#8221;
That mission doesn&#8217;t generate profits, and that&#8217;s okay. &#8220;Making a profit is not the point of government,&#8221; he said. &#8220;Should we <a href="https://www.benzinga.com/markets/futures/17/05/9505887/winners-and-losers-from-trumps-4-trillion-budget-proposal">gut health care services</a> for our veterans because it&#8217;s not profitable? What about inspecting our food? Should we <a href="https://www.benzinga.com/news/25/03/44498325/gonna-be-some-upset-seniors-at-town-halls-says-mark-cuban-he-calls-doge-social-security-actions-a-back-door-move-to-cut-payments">cut Social Security</a> and let seniors starve?&#8221;
Reich listed services like schools, highways, libraries, national parks, and mail delivery as examples of public goods that benefit everyone, and aren&#8217;t supposed to turn a profit.
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>.
<h2 class="wp-block-heading">The Real Meaning Behind &#8216;Run It Like a Business&#8217;</h2>
According to Reich, when politicians say they want to run the government like a business, what they often mean is they want to privatize services to benefit corporate interests. &#8220;Wall Street would love to have its hands on your Social Security,&#8221; he said. &#8220;The Trump Organization would love to turn Yellowstone National Park into a private resort for only the wealthiest to enjoy.&#8221;
Reich added that President Donald Trump is <a href="https://www.benzinga.com/startups/24/10/41390158/in-a-brutal-takedown-joe-biden-mocks-trump-bankrupting-a-casino-how-is-that-possible-i-thought-the-h">hardly a model</a> for business success, saying, &#8220;Trump sucks at running businesses anyway. I can make a whole video about Trump&#8217;s many, many business failures. And I have.&#8221;
&#8220;It's not about &#8216;efficiency&#8217; or because these public goods &#8216;cost too much.&#8217; That&#8217;s rubbish,&#8221; he added. &#8220;Private corporations want to profit at your expense.&#8221;
Reich concluded by emphasizing that U.S. citizens are not customers and politicians are not CEOs. &#8220;They are supposed to be public servants. They are supposed to be working for us,&#8221; he said. &#8220;The purpose of government is not to show a profit. It's to achieve the common good.&#8221;
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Shutterstock

TSLA

Should The Government Be Run Like A Business? Robert Reich Says 'Trump Sucks At Running Businesses'

In the holiday-shortened week, these ten large-cap stocks were the worst performers. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) stock fell 14.68% last week, continuing its fall after a short-sell report <a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45910389/short-seller-says-applovin-is-desperate-and-doomed-shares-slide" target="_blank" rel="noreferrer noopener">issued by Culper Research</a>.</li>
<li>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) stock lost 13.6% last week amid a broader decline in solar stocks after the U.S. Senate Finance Committee unveiled its version of President Trump's tax bill, which <a href="https://www.benzinga.com//node/45971345" target="_blank" rel="noreferrer noopener">slashed renewable energy incentives</a>.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) stock declined 11.23%.</li>
<li>BeOne Medicines Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONC#NASDAQ">ONC</a>) stock dipped 10.65% last week.</li>
<li>GlaxoSmithKline plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) stock dropped 10.4% last week.</li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) stock fell 10.3% amid a selloff following the company's Q3 financial results.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) stock declined 9.94% amid a tech sector pullback driven by rising Middle East tensions between Israel and Iran.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock fell 9.91% amid China's suspension of trade-in subsidies for EVs and fuel-efficient cars in key urban markets.</li>
<li>Corpay, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPAY#NYSE">CPAY</a>) stock fell 9.64% last week amid pressure from Coinbase Global&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) announcement of its <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">new stablecoin payments</a> stack, which may impact Corpay's business outlook.</li>
<li>Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) stock lowered 9.56% last week amid a broader selloff in credit card stocks following Coinbase's launch of <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">its stablecoin payments infrastructure</a>.</li>
</ol>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/46043303/consumer-tech-news-june-16-june-20-fed-holds-rates-trump-eyes-iran-moves-apple-taps-ai-accenture-shifts-strategy" target="_blank" rel="noreferrer noopener">Consumer Tech News (June 16-June 20): Fed Holds Rates, Trump Eyes Iran Moves, Apple Taps AI, Accenture Shifts Strategy</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/46043524/ast-spacemobile-and-coinbase-global-are-among-top-10-large-cap-gainers-last-week-june-16-20-are-the-others-in-your-portfolio">AST SpaceMobile And Coinbase Global Are Among Top 10 Large Cap Gainers Last Week (June 16-20): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Large Cap

Movers

ANET

COIN

CPAY

FSLR

AppLovin, First Solar And Li Auto Are Among Top 10 Large Cap Losers Last Week (June 16-20): Are The Others In Your Portfolio?

Before he became the richest man in the world, Elon Musk set out to prove something to himself—that if all his bold ideas failed, he could still survive in America. Literally.
In a 2015 interview with astrophysicist <a href="https://startalkmedia.com/show/the-future-of-humanity-with-elon-musk/">Neil deGrasse Tyson on StarTalk Radio</a>, Musk reflected on his early mindset, revealing just how far he went to test his personal threshold for survival. At the time, he had already founded Tesla and SpaceX, but the conversation turned to a much earlier phase in his life—just after college, when he first arrived in the U.S.
"In America, it's pretty easy to keep yourself alive," Musk told Tyson. "So my threshold for existing is pretty low. I figure I could be in some dingy apartment with my computer and be okay and not starve."
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</ul>
So that's exactly what he tested. Musk challenged himself to live on just $1 a day for food. His grocery list? Hot dogs, oranges, pasta, and bulk green peppers with a big jar of sauce.
"You get really tired of hot dogs and oranges after a while," he admitted, laughing. "And of course pasta and a green pepper and a big thing of sauce. That can go pretty far, too."
He wasn't trying to impress anyone—he just wanted to prove that even if every business venture failed, he wouldn't. "If I can live for a dollar a day, then at least from a food cost standpoint, well it's pretty easy to earn like $30 in a month anyway, so I'll probably be okay."
Musk immigrated to the U.S. from South Africa in the mid-1990s, during his early twenties. By 1995, after earning degrees in physics and economics from the University of Pennsylvania, he co-founded his first startup, Zip2. Back then, money was so tight that he and his brother Kimbal slept in the office and showered at the local YMCA.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
At the time, a dollar stretched further. In the mid-90s, the average cost of a loaf of bread was under $1, and hot dogs ran about $1.29 per pound. By comparison, the average cost of hot dogs today has soared to over $5.22 per pound. Inflation has made Musk's once-thrifty diet virtually impossible to replicate. Even pasta—once a budget staple—is now often $1.50 to $2 a box, and fresh produce prices have more than doubled since his college days.
Now, decades later, he controls some of the most valuable companies in the world and has an <a href="https://www.benzinga.com/startups/25/01/43101102/elon-musk-the-richest-man-in-the-world-is-estimated-to-earn-over-23-million-every-single-hour-of-the-day-heres-how-hes-spending-it">estimated net worth topping $340 billion</a>, according to Forbes and Bloomberg. But that extreme frugality never really left him.&nbsp;
Musk has said he doesn't own a yacht or even a home, doesn't take vacations, and considers his private jet—used for work—his largest personal expense. "It would be very problematic if I was spending billions of dollars a year in personal consumption," he said in a <a href="https://www.youtube.com/live/cdZZpaB2kDM?si=qTBimIpxJtYaJxm9">2022 TED interview with Chris Anderson</a>. He added, "but that is not the case."
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
Today, spending just $1 a day on food in America seems laughable, especially with inflation and rising grocery prices. According to the U.S. Department of Agriculture, <a href="https://www.fns.usda.gov/research/cnpp/usda-food-plans">the average cost of food per person per month in 2024</a> was over $300—even on a thrifty plan.
And for context: a $1 daily food budget in today's economy breaks down to 33 cents per meal—less than a single egg, a slice of bread, or even half a banana in most U.S. cities. For millions of <a href="https://www.benzinga.com/personal-finance/25/02/43748849/food-prices-are-expected-to-keep-rising-in-2025-ramsey-solutions-explains-why-grocery-prices-are-so-high-offers-tips-for-saving">Americans now facing food insecurity,</a> that number isn't just unrealistic—it's unthinkable.
Still, Musk's point wasn't about inflation or cuisine—it was about fear. Or rather, the absence of it. He believed that if he could handle having nothing, he could risk everything. That mindset helped him bet big on <a href="https://www.benzinga.com/startups/25/05/45480331/elon-musk-says-earth-only-has-10-of-its-life-left-before-its-incinerated-by-the-sun-calls-colonizing-mars-humanitys-life-insurance-polic">rockets, electric cars, solar panels</a>—and win.
So yes, Musk once lived off hot dogs and oranges. Not because he had to. Because he needed to know he could.
Read Next: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Image: Shutterstock

Elon Musk Said 'In America, It's Pretty Easy To Keep Yourself Alive' — So He Challenged Himself To Live On $1 A Day, Eating Hot Dogs And Oranges

Top business figures such as Bill Ackman and Jason Calacanis have publicly shared their views on the &#8220;massive precision&#8221; airstrikes carried out by the U.S. military on three Iranian nuclear sites.
What Happened: These strikes mark a major escalation in the ongoing international conflict involving Iran and Israel, with the US now playing a new role.
Bill Ackman, a billionaire hedge fund manager,&nbsp;was among the first to&nbsp;commend the military operation. He expressed his gratitude to the US military for its &#8220;superb execution on ridding Iran&nbsp;of its nuclear threat.&#8221; 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you to our great military for its superb execution on ridding Iran of its nuclear threat. All Americans are eternally grateful for you.
&mdash; Bill Ackman (@BillAckman) <a href="https://twitter.com/BillAckman/status/1936582927212826898?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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He also lauded Trump&#8217;s actions as being more effective than relying on Iran&#8217;s commitment to not develop nuclear weapons.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46043305/donald-trump-announces-spectacular-military-success-as-us-strikes-key-iranian-nuclear-sites">Donald Trump Announces &#8216;Spectacular Military Success&#8217; As US Strikes Key Iranian Nuclear Sites</a>
Serial entrepreneur&nbsp;Jason Calacanis&nbsp;highlighted that the US is now involved in three conflicts, five months into Trump&#8217;s term. He refrained from passing judgment, stating that the public lacks the intelligence that leaders possess.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It's just an observation, published without judgement We don't have the intelligence that our leaders have, so I will reserve judgement until we know more. It should be obvious to everyone, however, that no president can just stop conflicts on day one. We now have three…
&mdash; @jason (@Jason) <a href="https://twitter.com/Jason/status/1936580976664252604?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Spencer Hakimian, the founder of Tolou Capital Management, characterized&nbsp;the US military operation as&nbsp;&#8220;completely undetectable,&#8221; and warned of potential economic havoc if Iran were&nbsp;to close the Strait of&nbsp;Hormuz.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most escalatory thing that Iran can do is not to bomb U.S. military bases in the Middle East. It's to close the Strait of Hormuz. And if that happens, Oil goes above $100 in the blink of an eye. Iran is no military match for the United States. But they can wreak havoc…
&mdash; Spencer Hakimian (@SpencerHakimian) <a href="https://twitter.com/SpencerHakimian/status/1936575501747007866?ref_src=twsrc%5Etfw">June 22, 2025</a></blockquote>
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</figure>
Other business leaders, including&nbsp;Maguire&nbsp;of Sequoia Capital,&nbsp;Fishback&nbsp;of Azoria investment firm, and&nbsp;Scholl&nbsp;of Boom Supersonic, also voiced their opinions, with sentiments ranging from praise for Trump to relief over the neutralization of Iran&#8217;s nuclear capabilities.
Why It Matters: The varying reactions from business leaders underscore the complexity and far-reaching implications of the US&#8217;s military actions. 
While some praised the operation for neutralizing a potential nuclear threat, others expressed concern about the escalation of international conflict and potential economic repercussions. 
The situation continues to evolve, and the global business community will be closely monitoring the developments.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/46042298/trump-publicly-contradicts-dni-gabbards-claim-that-iran-lacks-nuclear-capabilities-shes-wrong" target="_blank" rel="noreferrer noopener">Trump Publicly Contradicts DNI Gabbard's Claim That Iran Lacks Nuclear Capabilities: ‘She's Wrong'</a>

Global

US Airstrike On Iran Draws Varied Reactions From Business Leaders, Bill Ackman Says 'Thank You To Our Great Military'

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

Tech

NVDA

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

It's good for people to look for additional ways to boost their income. Increasing your earnings gives you more flexibility and can help you retire sooner.&nbsp;
One burned-out denturist who earns $300,000 per year and owes $1 million on a mortgage is looking to <a href="https://www.reddit.com/r/HENRYfinance/comments/1ldyi4j/am_i_naive_for_considering_acquiring_a_business/">acquire a business</a> that has more than $500,000 in annual profits. While this move can boost the denturist's income, Redditors offered plenty of warnings against business acquisition.
"Even if you think you understand all the risks, you probably don't," one commenter said.
Don't Miss:
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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a></li>
<li>Peter Thiel turned $1,700 into $5 billion—now accredited investors are eyeing this software company with similar breakout potential. Learn how you can <a href="https://www.benzinga.com/money/how-peter-thiel-turned-his-roth-ira-into-5-billion-and-why-accredited-investors-are-now-eyeing-this-smartphone-disruptor">invest with $1,000 at just $0.30/share.</a></li>
</ul>
Commenters offered a few suggestions for the denturist to deal with burnout and look for opportunities to earn more money.
<h2 class="wp-block-heading">Identify The Cause Of Your Burnout</h2>
One of the top comments came from a Redditor who suggested figuring out the cause of your burnout before jumping into any new ventures. Starting or acquiring a business requires a lot of work, and it's probably the last remedy that you'd consider for solving burnout.
The commenter suggested that travel could be the cause of burnout and encouraged the denturist to look for a similar role that "reduces travel while maintaining similar benefits."
The commenter mentioned that they were burned out and switched jobs to solve the issue. Working for a more stable company with better management support may be worth it, even if you have to take a small pay cut.
Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wideradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation</a>.&nbsp;
<h2 class="wp-block-heading">You Can Lose A Lot Of Money If The Acquisition Doesn't Go Well</h2>
While one commenter advised the Redditor to identify why they feel burned out, most commenters warned about some of the downsides of acquiring a business. They emphasized how things don't always go smoothly, and a company that is delivering solid profits right now may not do so well in a few years.
Companies that earn $500,000 in annual profits usually reach that milestone because of an effective leader. Acquiring a business may mean losing that leader, and if you don't know how to run a business, your investment can quickly turn sour.
Good business leaders see their companies fall apart due to factors out of their control, and it's even worse for people who are just getting started. One commenter also mentioned that it won't be $500,000 in annual profit since a large portion of those earnings will have to go toward monthly payments toward the loan used to finance the acquisition.
See Also: Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. <a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment">Back a bold new approach to cancer treatment with high-growth potential.</a>
<h2 class="wp-block-heading">Start A Business In An Industry That You Know</h2>
The denturist specifically wanted to acquire a business in an industry that they didn't know very well. That makes an uphill battle even more challenging, and one commenter came up with a solution.
Instead of acquiring a business in a field that you don't know, the denturist can start a denturist business. The original poster said that they have their own clinic and haven&#8217;t put much cash into it. However, the higher income gives the denturist more flexibility with funding the clinic, and that seems to be the new route.
The denturist may have continued to neglect this opportunity if a commenter didn't offer the suggestion. It demonstrates the value of starting a business in your industry instead of acquiring a business in an industry where you have zero experience.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

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

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

Media

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

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

Real Estate

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

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

In the holiday-shortened week, these ten large-cap stocks were top performers. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock gained 125.53% last week after the U.S. Senate passed <a href="https://www.benzinga.com//node/46034000" target="_blank" rel="noreferrer noopener">the GENIUS Act</a>, which aims to regulate stablecoins. Seaport Global, which initiated coverage with a Buy rating and a <a href="https://www.benzinga.com/quote/CRCL/analyst-ratings" target="_blank" rel="noreferrer noopener">$235 price forecast</a>, also supported the rally.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock soared 27.93% last week after it launched its <a href="https://www.benzinga.com//node/46004688" target="_blank" rel="noreferrer noopener">Coinbase Payments stablecoin stack</a> and secured a crypto license in the EU.</li>
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock upped 24.43% after the company announced a partnership with Vodafone Idea to bring satellite broadband to smartphones in India. ASTS is also set to join the <a href="https://www.benzinga.com//node/46033050" target="_blank" rel="noreferrer noopener">Russell 1000 Index on June 27</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock jumped 23.23% last week after BofA Securities downgraded the stock to Neutral but raised the <a href="https://www.benzinga.com/quote/CRWV/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast to $185</a>.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock upped 21.39% last week.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) stock gained 19.75% after launching AI-powered <a href="https://www.benzinga.com//node/45983296" target="_blank" rel="noreferrer noopener">ad features</a> and gaining visibility as the second most cited source in Google's AI summaries.</li>
<li>QXO, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) stock gained 18.36% last week after it proposed to acquire GMS <a href="https://www.benzinga.com//node/46009046" target="_blank" rel="noreferrer noopener">for $95.20 per share in cash</a>.</li>
<li>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) stock upped 15.14% after reporting <a href="https://www.benzinga.com//node/45972232" target="_blank" rel="noreferrer noopener">strong Q3 earnings and revenue</a>, prompting several analysts to <a href="https://www.benzinga.com/quote/JBL/analyst-ratings" target="_blank" rel="noreferrer noopener">raise their price forecast</a>.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) stock jumped 15.03% last week. The stock has been gaining since June 2, when it reported better-than-expected Q4 results and received analyst upgrades.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock jumped 13.79% after a public spat between Elon Musk and Donald Trump spurred speculation around Rocket Lab's <a href="https://www.benzinga.com//node/46002335" target="_blank" rel="noreferrer noopener">potential role in Trump's Golden Dome</a> missile defense system, highlighting its position in national security space tech.</li>
</ol>
Read Next:
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AST SpaceMobile And Coinbase Global Are Among Top 10 Large Cap Gainers Last Week (June 16-20): Are The Others In Your Portfolio?

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

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