La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Shimmick a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Shimmick..

Shimmick (NASDAQ:SHIM) Azioni, Catena delle Opzioni

Shimmick

Shimmick Corp is a provider of water and other critical infrastructure solutions nationwide. It selectively focuses on the following types of infrastructure projects: Water Treatment, Water Resources, and Other Critical Infrastructure. In water treatment projects the company expands, rehabilitates, upgrades, builds and rebuilds water and wastewater treatment infrastructure, including desalination plants. In water resources projects company builds, expands, and improves water storage and conveyance, dams, levees, flood control systems, pump stations, and coastal protection. In Other Critical Infrastructure projects, It builds, retrofits, expands, rehabilitates, operates, and maintains its nation's critical infrastructure, including mass transit, bridges, and military infrastructure.

Shimmick Corp

SHIMOJIMA CO LTD by Shimojima Co Ltd

Shimadzu Corp

Shimamura Co Ltd

Shimano Inc

SHIMAO GRP HLDGS UNSP/ADR by Shimao Group Holdings Ltd.

Shimao Group Holdings Ltd

SHIMAO GROUP HLDGS LTD by Shimao Group Holdings Ltd.

SHIMAO SVCS HLDG LTD by Shimao Services Holdings Ltd.

Shimao Services Holdings Ltd

SHIMAO SVCS HLDG UNSP/ADR by Shimao Services Holdings Ltd.

Shimizu Corp

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) meteoric growth has increased the appetite for not only the asset, but also the predictions and prophecies surrounding it.&nbsp;
Some, however, sound so unrealistic that they may confuse even the most perpetual optimists.
What happened: Samson Mow, CEO of Bitcoin technology company JAN3, is one of the firm believers of the $1 million price target for the apex cryptocurrency. He reiterated in a September 2024 interview that the coin will eventually reach the milestone in 2025, if not 2024.
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While Mow is confident in his $1 million projection, he selected his words carefully earlier this month, <a href="https://www.benzinga.com/crypto/25/07/46384827/samson-mow-confident-bitcoin-is-going-to-add-a-zero-the-million-dollar-question-is-of-when">stating</a>, &#8220;You know Bitcoin is going to add a zero. It&#8217;s simply a matter of when.&#8221;
Plan B, the creator of the popular <a href="https://www.benzinga.com/money/bitcoin-stock-to-flow-model#:~:text=All%206%20Items-,What%20is%20the%20Stock%20to%20Flow%20Model%3F,commodities%20like%20oil%20and%20copper.">Bitcoin stock-to-flow model</a>, predicted at the beginning of the year that Bitcoin would average $500,000 in 2025 and range between $250,000 and $1 million, thanks to halving and scarcity-driven demand.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My forward guidance for 2025 has not changed since 2022 (when bitcoin was 20k, see below): &#x2705;rise into April 2024 halving &#x2705;halving around S2F value &#x2705;pump after halving &#x2705; 100k in 2024 &#x2b1c;&#xFE0F; 2025: hit S2F target ~500k average (range 250k-1m) <a href="https://t.co/Neet5BQ90W">https://t.co/Neet5BQ90W</a> <a href="https://t.co/osA3vXAW9D">pic.twitter.com/osA3vXAW9D</a>
&mdash; PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1874514096009392539?ref_src=twsrc%5Etfw">January 1, 2025</a></blockquote>
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They eventually toned down their forecast in July, settling on $500,000 as the average price for the 2024-2028 halving cycle.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">FYI: I still believe that bitcoin average price will be ~$0.5m this halving cycle (2024-2028). Note that S2F prediction is very rough (obviously because the prediction is made only using scarcity/S2F-ratio) with a $0.25m-$1m range (so $0.3m or $0.6m average would also be fine). <a href="https://t.co/XLxAEYn4Im">https://t.co/XLxAEYn4Im</a>
&mdash; PlanB (@100trillionUSD) <a href="https://twitter.com/100trillionUSD/status/1940333708466409570?ref_src=twsrc%5Etfw">July 2, 2025</a></blockquote>
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Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, projected Bitcoin to reach $1 million and more in 2025 if the U.S. establishes a strategic Bitcoin reserve.
While President Donald Trump <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46681312/trumps-bitcoin-reserve-just-legitimized-it-coinbase-ceo-brian-armstrong-says-g20-nations-now-rushing-to-build-their-own-btc-stockpiles">did sign the executive order</a> establishing the first such reserve in the U.S, it remains to be seen whether Park&#8217;s projection is proven accurate.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The idea of a federal Bitcoin Strategic Reserve happening in 2025 is less than a 10% chance event. That's the only math in which Bitcoin can hit $1mm+ in 2025 when it happens.
&mdash; Jeff Park (@dgt10011) <a href="https://twitter.com/dgt10011/status/1872275064890290340?ref_src=twsrc%5Etfw">December 26, 2024</a></blockquote>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46744815/bitcoin-ethereum-move-sideways-dogecoin-falls-amid-jerome-powells-hawkish-tone-on-rate-cuts-analyst-says-dip-temporary-before-btc-highs">Bitcoin, Ethereum Move Sideways, Dogecoin Falls Amid Jerome Powell&#8217;s Hawkish Tone On Rate Cuts: Analyst Says Dip Temporary Before BTC Highs</a>
Why Are These Predictions Overambitious? Bitcoin is currently trading around $118,000. To achieve $500,000 before the end of the year, it must grow by 323% in the next five months. To reach $1 million, it needs to skyrocket 750%. 
Just to add some context, the apex cryptocurrency grew 83% over the last year and 305% over the two years. 
To clock similar numbers in the rest of 2025, unprecedented market conditions, such as massive institutional or nation-state adoption and sharp regulatory shifts, would be required.
Interestingly, key Wall Street figures have also expressed optimism about Bitcoin, though their projections are substantially lower.
Wall Street strategist Tom Lee projected that Bitcoin could <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45727395/tom-lee-predicts-bitcoin-to-hit-250000-by-end-of-2025-3m-long-term">realistically climb to $250,000</a> by the end of 2025, a forecast <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44317256/bitcoin-to-hit-250k-by-end-of-2025-tim-draper-predicts-will-be-the-dominant-currency-of-the-world">shared </a>by venture capitalist Tim Draper. Bitwise Asset Management, a cryptocurrency-focused fund manager, <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46194028/bitcoin-to-hit-200000-in-2025-but-new-eth-sol-highs-remain-in-doubt-bitwise-says">set a target price of over $200,000</a> for bitcoin.
Price Action: At the time of writing, BTC was trading at $118,344, up 0.20% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;&nbsp;
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46745730/peter-schiff-says-bitcoin-is-like-tech-stocks-but-without-potential-of-earnings-as-investors-digest-meta-microsoft-numbers">Peter Schiff Says Bitcoin Is Like Tech Stocks But Without &#8216;Potential Of Earnings&#8217; As Investors Digest Meta, Microsoft Numbers</a></li>
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Image Via Bob Montgomery / USA TODAY NETWORK Imagn Images

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

Cryptocurrency

$BTC

Will Bitcoin Reach $500,000 Or Even $1 Million In 2025? — Exploring Over-Ambitious BTC Forecasts For 2025

Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0731" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46157351/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-71" target="_blank" rel="noreferrer noopener">EXCLUSIVE: June&#8217;s 20 Most-Searched Tickers On Benzinga Pro — Where Do CoreWeave, Nvidia, Apple Stock Rank?</a>
Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending August 1:
Cadence Design Systems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>): The automation company saw increased interest from readers during the week, which comes after the company <a href="https://www.benzinga.com/markets/earnings/25/07/46674619/cadence-design-systems-beats-q2-earnings-estimates-raises-fy25-outlook-citing-broad-based-strength-ai-tailwinds">reported second-quarter financial results.</a> Cadence beat analyst estimates for revenue and earnings per share. The company said total revenue was up 20% year-over-year with strength across all business segments. Cadence also reported strong bookings and a backlog of $6.4 billion. The company raised its guidance for the full fiscal year. Multiple analysts<a href="https://www.benzinga.com/quote/CDNS/analyst-ratings"> raised their price targets </a>after the report. Shares were up around 7% for the week and are up around 20% year-to-date, with the stock near all-time highs.
<figure class="wp-block-image size-full"><a href=" https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0731"><img loading="lazy" decoding="async" width="999" height="499" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174205/Screenshot-518.png" alt="" class="wp-image-1011552" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174205/Screenshot-518.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174205/Screenshot-518-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174205/Screenshot-518-768x384.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Caseys General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>): The convenience store company saw strong interest from readers during the week with reports that Third Point added to its stake in the company during the second quarter. The company reported fourth-quarter financial results in June beating earnings per share for an eighth straight quarter and revenue for a third straight quarter. Analysts have been <a href="https://www.benzinga.com/quote/CASY/analyst-ratings">raising their price targets </a>on the company.
<figure class="wp-block-image size-full"><a href=" https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0731"><img loading="lazy" decoding="async" width="999" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174219/Screenshot-519.png" alt="" class="wp-image-1011553" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174219/Screenshot-519.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174219/Screenshot-519-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174219/Screenshot-519-768x386.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Howmet Aerospace Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>): The aerospace company saw strong interest from readers during the week which shares up over 60% year-to-date and at all-time highs. The company<a href="https://www.benzinga.com/markets/earnings/25/07/46763653/howmet-aerospace-posts-record-profit-raises-2025-outlook"> recently beat </a>second-quarter financial estimates from analysts for earnings per share and revenue. The company also raised full-year earnings per share and revenue guidance. During the company's conference call. Howmet CEO said the company is raising its underlying 737 Max assumptions from 28 per month to 33 per month. The company management highlighted robust demand for aerospace and the defense markets.
<figure class="wp-block-image size-full"><a href=" https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0731"><img loading="lazy" decoding="async" width="999" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174233/Screenshot-520.png" alt="" class="wp-image-1011554" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174233/Screenshot-520.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174233/Screenshot-520-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174233/Screenshot-520-768x386.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>): The semiconductor company has been seeing strong interest from readers for weeks and makes its way onto the Stock Whisper Index ahead of second-quarter financial results. The company recently <a href="https://www.benzinga.com/markets/tech/25/07/46687494/on-semiconductor-jumps-after-nvidia-deal-is-this-the-next-big-ai-power-play">announced a collaboration</a> with Nvidia Corporation, which sent shares higher. ON Semiconductor will report second-quarte financial results on Aug. 4. Analysts expect the company to report declines in earnings per share and revenue. The company has beaten analyst estimates for earnings per share in nine of the last 10 quarters and for revenue in nine of the last 10 quarters. Analysts have been cautious on the stock with their ratings but recently<a href="https://www.benzinga.com/quote/ON/analyst-ratings"> raising their price targets.</a>
<figure class="wp-block-image size-full"><a href=" https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0731"><img loading="lazy" decoding="async" width="997" height="517" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174246/Screenshot-521.png" alt="" class="wp-image-1011555" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174246/Screenshot-521.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174246/Screenshot-521-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174246/Screenshot-521-768x398.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>): The air cooling systems company saw strong interest from readers after reporting second-quarter results that <a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/07/46768464/vertiv-holdings-analysts-boost-their-forecasts-after-better-than-expected-q2-earnings">beat analyst estimates. </a>The company also raised its full-year guidance for both earnings per share and revenue after the quarterly results. Analysts raised their price targets on the stock with shares near all-time highs. Vertiv stock has beaten analyst estimates for earnings per share in 10 straight quarters and beaten revenue estimates in six of the last 10 quarters. With strong success of beating estimates, recently raising guidance and seeing analyst price target hikes, there is a lot of positive momentum for Vertiv.
<figure class="wp-block-image size-full"><a href=" https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0731"><img loading="lazy" decoding="async" width="999" height="498" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174257/Screenshot-522.png" alt="" class="wp-image-1011556" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174257/Screenshot-522.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174257/Screenshot-522-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01174257/Screenshot-522-768x383.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0725" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46264224/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-72" target="_blank" rel="noreferrer noopener">July 4</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46381556/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-73" target="_blank" rel="noreferrer noopener">July 11</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46508365/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-74" target="_blank" rel="noreferrer noopener">July 18</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/07/46648171/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-75">July 25</a></li>
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Long Ideas

Exclusives

Trading Ideas

CASY

CDNS

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

President Donald Trump took to social media to highlight recent successes in border security, attributing these achievements to the efforts of Art Del Cueto from the National Border Council.
What Happened: President Trump commended the efforts of Art Del Cueto from the National Border Council on Truth Social, highlighting recent border security achievements.
According to a <a href="https://truthsocial.com/@realDonaldTrump/posts/114959044159495165">post</a> on Saturday, Trump noted a significant decrease in illegal border crossings.
Trump&#8217;s post praised the &#8220;AMAZING&#8221; border numbers, stating that no illegal entries occurred over the past three months.
"Under Crooked Joe Biden and ‘Border Czar' Kamala, a comparable number was hundreds of thousands of people, many from Gangs, Prisons, and Mental Institutions, pouring into our Country," he added.
Trump said that during their tenure, hundreds of thousands, including gang members and individuals from prisons and mental institutions, crossed the border illegally.
See Also: <a href="https://benzinga.com/news/politics/25/08/46813128/kevin-oleary-defends-trumps-tariffs-as-markets-shrug-off-hikes-im-an-investor-i-dont-listen-to-all-">Kevin O&#8217;Leary Defends Trump&#8217;s Tariffs As Markets Shrug Off Hikes: &#8216;I&#8217;m An Investor. I Don&#8217;t Listen To All The Noise&#8217;</a>
Additionally, President Trump lauded Jack Brewer for his strength and dedication, thanking both Brewer and Del Cueto for their contributions.
Why It Matters: President Trump&#8217;s recent comments on border security come amid his ongoing push for a substantial increase in immigration enforcement funding.
As reported, the President is advocating for a <a href="https://www.benzinga.com/news/politics/25/06/46110499/trumps-big-beautiful-bill-to-inject-150-billion-into-immigration-enforcement-over-the-next-four-years-report">$150 billion spending plan</a> aimed at bolstering immigration enforcement over the next four years. This proposed budget would significantly expand the southern border wall and increase resources for detention centers and law enforcement personnel.
Public opinion on Trump&#8217;s immigration policies remains divided. A <a href="https://www.benzinga.com/news/politics/25/06/45991327/most-americans-oppose-ice-workplace-raids-but-still-back-trumps-border-wall-survey">survey</a> by Pew Research Center revealed that while a majority of Americans oppose workplace raids by Immigration and Customs Enforcement (ICE), many still support the expansion of the border wall.
Trump&#8217;s emphasis on border security has been a consistent theme, as he reiterated in a <a href="https://www.benzinga.com/news/24/08/40525684/trump-reiterates-border-security-plans-in-chat-with-comedian-theo-von-walls-work-you-know">conversation</a> with comedian Theo Von, emphasizing the effectiveness of walls in border security.
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<li><a href="https://benzinga.com/news/politics/25/08/46814476/trumps-birthright-citizenship-order-faces-likely-rejection-in-second-federal-appeals-court-report">Trump&#8217;s Birthright Citizenship Order Faces Likely Rejection In Second Federal Appeals Court: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Politics

Trump Boasts Of 0 Illegal Border Entries Over Past 3 Months, Slams 'Crooked' Joe Biden, 'Border Czar' Kamala Harris

As Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) flirts with the $4 trillion market cap, <a href="https://www.benzinga.com/etfs">ETFs exposed to the stock</a> have found themselves in the limelight. Underneath the surface of earnings beats and valuation records is a larger narrative: Microsoft has become the infrastructure layer of the AI revolution.
Microsoft&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/07/46738585/microsoft-q4-earnings-highlights-double-beat-ceo-says-cloud-and-ai-is-the-driving-force">Q4 blockbuster earings </a>were stuff from the market lore, Azure cloud revenue jumped 39%, Office and Copilot adoption flew, and the company beat on EPS and revenue. That&#8217;s the sheen on top.
But dig deeper and you'll see what the market is beginning to whisper: Microsoft has become the utility company of AI. Its $30 billion+ quarterly capex is pouring directly into data center buildouts, custom chips, and AI-integrated cloud services—an aggressive strategy that positions Microsoft as the backend for everything from ChatGPT to enterprise AI rollouts.
This transformation means that owning Microsoft-heavy ETFs is an exposure to the infrastructure play behind generative AI's explosive growth.
Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/08/46805886/bond-etfs-could-catch-a-tailwind-from-jobs-data">Bond ETFs Could Catch A Tailwind From Jobs Data</a>
<h2 class="wp-block-heading">The ETF Angle: Funds That Stand To Benefit From Microsoft's AI Ascent</h2>
Here's where the plot thickens. Investors looking to surf the Microsoft-AI wave without stock-picking risk are increasingly turning to thematic and tech-focused ETFs with deep Microsoft allocations.
Among them are:
Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>): Highly skewed toward leaders in the cloud/AI space, including Microsoft. AIQ is really a packaged play on the enterprise AI arms race.
iShares Expanded Tech-Software Sector ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IGV#BATS">IGV</a>): One of the top three holdings is Microsoft. IGV&#8217;s decent year-to-date performance is quietly powered by Microsoft&#8217;s Copilot and Azure monetization narrative.
Vanguard Information Technology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>): These large-cap tech ETFs have MSFT among its top holdings, directly profiting from its size and profitability.
Basically, these funds are riding Microsoft&#8217;s &#8220;cloud plus chips&#8221; AI plan quietly and are not yelling it from the roof tops. The investors who get that MSFT is not merely selling software but constructing the digital scaffolding of the world of AI are most likely to gain.
<h2 class="wp-block-heading">The Bottom Line: ETFs As AI Infrastructure Proxies</h2>
Microsoft&#8217;s rise to $4 trillion will not only be a milestone, it&#8217;s an indicator. It&#8217;s no longer merely a software giant; it&#8217;s an essential part of the AI hardware-software stack. While the demand for compute power, enterprise integration, and cloud-based AI takes off, Microsoft&#8217;s scale emerges as the new moat.
And ETFs that position in this shift, intentionally or unintentionally, could be some of the brightest bets for long-term access to the AI economy&#8217;s infrastructure layer.
In a world rushing after trendy AI startups, these ETFs could be holding the picks and shovels.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/08/46807334/eurozone-gdp-growth-etfs-game">Eurozone GDP Growth Pops A Surprise: These ETFs Are Winning The Game</a></li>
</ul>

Sector ETFs

Tech

ETFs

MSFT

Microsoft's $4 Trillion Moment Could Supercharge ETF Strategies

Benzinga examined the prospects for <a href="http://www.benzinga.com/trading-ideas" target="_blank" rel="noreferrer noopener">many investors' favorite stocks</a> over the last week — here's a look at some of our top stories.
The Federal Reserve held rates at 4.25-4.50%, resisting pressure from President Donald Trump — even as two Fed governors dissented in favor of immediate cuts. However, the July jobs report disappointed, with just 73,000 jobs added and downward revisions totaling 258,000 for May and June. Inflation continued climbing, with core PCE reaching 2.8% year‑over‑year.
Markets fell sharply: the Dow, S&amp;P 500, and Nasdaq each dropped between 1-2%, with the Dow losing 542 points. Yields declined and safe-haven assets like gold gained traction as investor sentiment weakened.
The sell-off has raised bets on a September rate cut, with futures pricing now reflecting over 75-85% likelihood. Political interference — including Trump's removal of the BLS chief and calls to replace Federal Reserve Chair Jerome Powell — is adding to uncertainty over Fed independence.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

The Bulls
<a href="https://www.benzinga.com/markets/earnings/25/07/46676131/celestica-stock-surges-on-q2-earnings-beat-company-raises-2025-outlook-on-strengthening-demand">"Celestica stock surges on Q2 earnings beat; company raises 2025 outlook on strengthening demand"</a>, by Erica Kollmann, reports that Celestica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLS#NYSE">CLS</a>) stock jumped after posting stronger-than-expected Q2 earnings and revenue, and the company boosted its full-year 2025 outlook — citing robust customer demand across its electronics manufacturing services business.
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46756056/carvana-stock-climbs-to-new-highs-after-q2-earnings-whats-driving-the-action">"Carvana stock climbs to new highs after Q2 earnings — what's driving the action?"</a>, by Adam Eckert, reports that Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) surged after beating Q2 estimates with $4.84 billion in revenue (up 42% year-over-year) and EPS of $1.28, while retail units sold rose 41% to 143,280, and analysts like Needham raised their price targets to as high as $500 on optimism around continued tariff tailwinds and scalable growth.
<a href="https://www.benzinga.com/markets/earnings/25/07/46741319/applied-digital-stock-soars-after-q4-results-how-coreweave-bitcoin-are-helping">"Applied Digital stock soars after Q4 results: How CoreWeave, Bitcoin are helping"</a>, by Chris Katje, reports that Applied Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) jumped nearly 50% after beating Q4 estimates and unveiling a major expansion of its AI data center contract with CoreWeave Inc., including a lease option that ups capacity to 400 MW and boosts projected revenue to ~$11 billion over 15 years — a move bolstered by its Bitcoin-linked infrastructure strategy.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46730519/exxon-chevron-could-be-wall-streets-best-kept-secrets-this-quarter">Exxon, Chevron Could Be Wall Street's Best-Kept Secrets This Quarter</a>
<a href="https://www.benzinga.com/markets/earnings/25/07/46706807/mara-holdings-stock-moves-higher-on-better-than-expected-q2-earnings">MARA Holdings Stock Moves Higher On Better-Than-Expected Q2 Earnings</a>
<a href="https://www.benzinga.com/markets/earnings/25/07/46778413/rocket-companies-stock-blasts-off-on-q2-results-here-are-the-highlights">Rocket Companies Stock Blasts Off On Q2 Results: Here Are The Highlights</a>

The Bears
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46688728/novo-nordisk-weight-loss-stock-eli-lilly-wegovy-ozempic">"Novo Nordisk implodes after Wegovy warning — is the weight‑loss bubble bursting?"</a>, by Piero Cingari, reports that Novo Nordisk A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NASDAQ">NVO</a>) stock fell 26% on its worst trading day ever after the company slashed its 2025 growth and profit guidance — citing weaker‑than‑expected uptake for its weight‑loss drug Wegovy, continued competition from compounded semaglutide alternatives, and a leadership transition that has intensified investor concern.
<a href="https://www.benzinga.com/markets/tech/25/08/46797499/nvidia-broadcom-marvell-lead-chip-stock-slide-after-trump-hits-china-taiwan-with-new-tariffs">"Nvidia, Broadcom, Marvell lead chip stock slide after Trump hits China, Taiwan with new tariffs"</a>, by Anusuya Lahiri, reports that NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and other AI chipmakers fell sharply after President Donald Trump implemented steep new tariffs on China and Taiwan—raising sector-wide concerns despite ongoing AI infrastructure demand.
<a href="https://www.benzinga.com/markets/earnings/25/07/46763664/ferrari-stock-slides-on-q2-earnings-the-details">"Ferrari stock slides on Q2 earnings: The details"</a>, by Adam Eckert,reports that Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) delivered Q2 revenue of $2.03 billion — above estimates — and earnings of $2.70 per share, yet shares fell sharply despite solid results and confirmed full‑year guidance. Although core earnings rose 6% thanks to strong pricing and reduced tariff pressures, investors focused on slowing shipments and pricing power, triggering Ferrari's steep decline — the stock's largest single‑day drop since its 2016 listing.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/trading-ideas/movers/25/07/46734755/chinese-health-care-stock-pheton-holdings-collapses-after-short-seller-warns-of-manipulation-by-overseas-scammers">Chinese Health Care Stock Pheton Holdings Collapses After Short Seller Warns Of Manipulation By ‘Overseas Scammers'</a>
<a href="https://www.benzinga.com/markets/earnings/25/07/46687402/paypals-profit-surge-dwarfed-by-q2-transaction-slump-stock-falls">PayPal's Profit Surge Dwarfed By Q2 Transaction Slump, Stock Falls</a>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/07/46768121/robinhood-sheds-its-meme-stock-skin-emerges-as-full-fledged-fintech-player">Robinhood Sheds Its Meme Stock Skin, Emerges As Full-Fledged Fintech Player</a>

Keep up with all the latest breaking news and trading ideas by following <a href="https://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener">Benzinga</a><a href="http://twitter.com/Benzinga" target="_blank" rel="noreferrer noopener"> on X</a>.
Image created using artificial intelligence via Midjourney.

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RACE

Benzinga Bulls And Bears: Celestica, Carvana, Novo Nordisk — And Fed Holds Rates Despite Trump Pressure

On Friday, Cathie Wood-led Ark Invest made significant trades involving a number of prominent stocks including Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Roku Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>), Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), and Bitmine Immersion Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMNR#NASDAQ">BMNR</a>).
The COIN Trade
Ark Invest purchased a total of 95,678 shares of Coinbase Global Inc across its Ark Fintech Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#BATS">ARKF</a>), ARK Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#BATS">ARKK</a>) and ARK Next Generation Internet ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#BATS">ARKW</a>). This move comes as the cryptocurrency market continues to show signs of strength, with Bitcoin flirting with all-time highs.
The total value of the shares acquired, based on the stock&#8217;s closing price on the day of the trade, is around $30.11 million.
The ROKU Trade
In another significant move, Ark Invest bought a total of 345,933 shares of Roku Inc across its ARKF, ARKK, and ARKW ETFs. The streaming platform has been a consistent performer in the market, making it a valuable addition to Ark&#8217;s portfolio.
The exact value of this trade, calculated from the closing price on the day, is around $27.67 million.
The ILMN Trade
Ark Invest also showed interest in the biotechnology sector, purchasing a total of 162,211 shares of Illumina Inc through its ARK Genomic Revolution ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKG#BATS">ARKG</a>) and ARKK ETFs. Illumina, a leader in DNA sequencing technology, has been a key player in the genomic revolution.
The value of this trade, based on the closing price of the stock on the day of the trade, is around $15.35 miillion.
The BMNR Trade
Ark Invest also bought a total of 490,712 shares of Bitmine Immersion Technologies Inc across its ARKF, ARKK, and ARKW ETFs. Bitmine, a company specializing in cryptocurrency mining technology, aligns with Ark&#8217;s interest in the crypto sector.
The value of this trade, calculated from the closing price on the day, is around $15.55 million.
See Also: <a href="https://benzinga.com/etfs/broad-u-s-equity-etfs/25/07/46710463/cathie-woods-15m-crypto-bet-sells-bitcoin-king-block-doubles-down-on-ethereum-giant-bitmine-immersion">Cathie Wood&#8217;s $15M Crypto Bet: Sells Bitcoin King Block, Doubles Down On Ethereum Giant Bitmine Immersion</a>
Other Key Trades:
<ul class="wp-block-list">
<li>Ark Invest bought 299,279 shares of PagerDuty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) and 53,396 shares of SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) through its ARKK ETF.</li>
<li>Ark Invest sold a total of 134,548 shares of Kratos Defense and Security Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) through its ARKK ETF.</li>
<li>Ark Invest sold a total of 62108 shares of Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) through its ARKF ETF.</li>
</ul>
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/macro-economic-events/25/07/46745168/trump-leaves-good-friend-india-in-the-cold-strikes-trade-deal-with-arch-rival-pakis">Trump Leaves &#8216;Good Friend&#8217; India In The Cold, Strikes Trade Deal With Arch Rival Pakistan Over &#8216;Massive Oil Reserves&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: ChrisStock82 / Shutterstock.com

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SOFI

Cathie Wood's Ark Invest Loads Up On Coinbase, Roku, Illumina, And Bitmine Immersion

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates warned that artificial intelligence is advancing at a pace that &#8220;surprises&#8221; even him, creating uncertainty about when AI might replace human workers across industries.
What Happened: &#8220;It&#8217;s improving at a rate that surprises me,&#8221; Gates said. The tech pioneer highlighted AI&#8217;s growing research capabilities, noting he regularly tests complex questions on AI systems that deliver comprehensive summaries.
Gates emphasized the unpredictable nature of AI&#8217;s trajectory. &#8220;AI today can replace human work, the most complex coding tasks, it&#8217;s not able to do yet. And people in the field disagree: is that within the next year or two, or is it more like ten years away?&#8221;
See Also: <a href="https://www.benzinga.com/markets/tech/25/06/46135663/marc-benioff-says-ai-now-handles-up-to-50-of-work-at-salesforce-could-an-ai-agent-eventually-take-over-his-job">Marc Benioff Says AI Now Handles Up To 50% Of Work At Salesforce — Could An AI Agent Eventually Take Over His Job?</a>
The technology has rapidly evolved from basic email composition to generating functional code. Gates noted AI already handles administrative roles like telesales but struggles with more complex tasks, though that gap is narrowing quickly.
Why It Matters: Other tech industry leaders have also shared their views on the subject earlier. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang takes a more direct stance, warning that workers who don&#8217;t embrace <a href="https://www.benzinga.com/markets/tech/25/07/46596244/jensen-huang-says-ai-will-replace-mundane-work-as-nvidia-ceo-warns-those-who-raw-dog-it-without-ai-will-be-left-behind">AI risk obsolescence</a>. However, Microsoft CEO Satya Nadella thinks AI will redefine cognitive labor, but it won&#8217;t do so by making <a href="https://www.benzinga.com/news/25/03/44066026/satya-nadella-says-ai-agents-will-replace-knowledge-work-but-theres-one-role-humans-will-always-need-to-play">human workers irrelevant</a>. 
Goldman Sachs estimates AI could impact <a href="https://www.benzinga.com/opinion/25/04/44587953/will-ai-replace-us-or-redefine-us">300 million full-time jobs</a> globally, but industry analysis suggests mass redefinition rather than replacement.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/06/46093421/ai-will-disrupt-25-of-us-jobs-by-2030-and-the-fed-cant-save-them-economist-warns">AI Will Disrupt 25% Of US Jobs By 2030—And The Fed Can&#8217;t Save Them, Economist Warns</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Bill Gates Warns AI Progress 'Surprises' Even Him—Unclear When It Will Replace Human Work

Dylan Field, co-founder of Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>), witnessed his company's remarkable debut on the New York Stock Exchange on Thursday, marking the largest U.S. venture-capital-backed tech IPO in four years.
Check out the current price of <a href="https://benzinga.com/quote/FIG">FIG stock here</a>.
What Happened: Figma&#8217;s IPO closed at $115.50, instantly elevating its valuation to nearly $68 billion. This figure is over three times the $20 billion acquisition offer from Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) that fell through two years ago.
However, long before the Adobe bid, Field started with an idea along with co-founder Evan Wallace, who was a teaching assistant at Brown University. What started out as a college project would go on to become a multi-billion-dollar company a decade later.
Armed with an idea to explore the possibilities of new browser technologies, Field bagged the prestigious Thiel Fellowship in 2012 to create what is now Figma, along with Wallace, <a href="https://www.figma.com/blog/design-meet-the-internet/">according</a> to the company.
Field, 33, embraced technology early on in his life – he learned how to use a computer at age three, and later on, went to a Rhode Island Ivy League school. He also worked as a research assistant for nine months at Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), a four-month internship at LinkedIn, and two internships at Flipboard.
Figma's stock soared by 250% on its first day, achieving the largest first-day surge for a billion-dollar tech IPO. This event solidified Figma&#8217;s role as a key player in the tech IPO market. The intense demand led to limited share availability for many investors, and trading was temporarily halted due to volatility.
Subscribe to the<a href="https://bztechtrends.beehiiv.com/subscribe"> Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The explosive debut of Figma on the stock market has sparked significant interest and discussion among investors and analysts. <a href="https://www.benzinga.com/markets/equities/25/08/46785080/jim-cramer-calls-figma-too-expensive-at-50x-sales-stock-surges-250-on-market-debut">Jim Cramer</a> had <a href="https://www.benzinga.com/markets/equities/25/08/46785080/jim-cramer-calls-figma-too-expensive-at-50x-sales-stock-surges-250-on-market-debut">previously warned</a> that Figma&#8217;s valuation was &#8220;too expensive&#8221; at 50 times sales, yet the stock defied these concerns, surging 250% on its first day. This highlights the intense demand and investor confidence in Figma&#8217;s potential.
Additionally, <a href="https://www.benzinga.com/markets/equities/25/07/46748648/figma-could-become-a-meme-stock-beyond-all-comprehension-warns-elon-musks-x-product-head-nikita-bier">Nikita Bier</a>, Head of Product at Elon Musk&#8217;s social media platform X, <a href="https://www.benzinga.com/markets/equities/25/07/46748648/figma-could-become-a-meme-stock-beyond-all-comprehension-warns-elon-musks-x-product-head-nikita-bier">predicted that Figma</a> could become a &#8220;meme stock beyond all comprehension.&#8221; This prediction underscores the growing influence of social sentiment analytics in trading strategies.
Despite valuation concerns, Figma&#8217;s shares continued to attract attention, briefly reaching $143.45 in after-hours trading before <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46811170/figma-shares-edge-higher-after-explosive-ipo-debut-despite-valuation-concerns">pulling back</a>. This ongoing interest in Figma reflects the company&#8217;s strong market position and the potential for future growth.
Check out more of Benzinga&#8217;s Consumer Tech coverage by<a href="https://www.benzinga.com/topic/consumer-tech"> following this link</a>.
Read Next:
<ul class="wp-block-list">
<li><a href="https://benzinga.com/25/04/44856587/former-google-ceo-predicts-that-ais-sprint-toward-super-intelligence-could-put-a-smartest-human-in-every-pocket-by-2031">Former Google CEO Eric Schmidt Predicts AI Sprint Toward Super Intelligence Could Put &#8216;Smartest Human&#8217; In Every Pocket In 6 Years &#8211; Benzinga</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: M.oo / Shutterstock.com

Equities

ADBE

How This LinkedIn Intern Transformed A $100K Grant To $68 Billion Company

On Friday, Nintendo Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) said it's raising the price of its original Switch lineup in the U.S. starting Aug. 3, citing market conditions, ongoing supply constraints and <a href="https://www.benzinga.com/government/regulations/25/04/44761003/sony-nintendo-hike-console-prices-as-us-tariffs-bite-microsoft-may-dodge-the-hit">rising trade pressures</a> as factors.
<h2 class="wp-block-heading">Price Increases Hit Original Switch, OLED And Lite Models</h2>
In a statement posted on its website, Nintendo said the price hike will affect its "family of systems and products," including the standard Switch console, the OLED version, the Switch Lite and select accessories.
The company said the decision was made "based on market conditions" and that the price changes would take effect Aug. 3 across the U.S. retail landscape.
Prices for the newly released Switch 2 console will remain unchanged—for now.
See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/07/46257394/trumps-big-bautiful-bill-passes-ev-tax-breaks-to-end-on-september-30-what-it-means-for-electric-vehi" target="_blank" rel="noreferrer noopener">Trump's ‘Big Beautiful Bill' Passes—EV Tax Breaks To End On September 30: What It Means For Electric Vehicles</a>
<h2 class="wp-block-heading">Switch 2 Sells Over 5.8 Million Units Despite Supply Crunch</h2>
The announcement came shortly after Nintendo reported fiscal first-quarter earnings that beat expectations. The Japanese gaming giant disclosed that it has sold 5.82 million Switch 2 consoles since its June 5 launch, <a href="https://www.cnbc.com/2025/08/01/nintendo-switch-price-us-tariffs.html">reported</a> CNBC.
Despite strong sales, analysts believe the company's full-year guidance of 15 million Switch 2 units may be too conservative given continued high demand.
In July, reports indicated that Switch 2 consoles <a href="https://www.benzinga.com/news/gaming/25/07/46263422/nintendo-switch-2-shortage-to-continue-until-next-spring-as-per-analysts-report">remain scarce in Japan</a>, with consumers entering lotteries just for a chance to buy one. Analysts expect the shortage to persist until at least spring 2026.
<h2 class="wp-block-heading">Trade War With Tariffs Adds Further Pressure</h2>
Nintendo's pricing update also comes amid escalating trade tensions.
Before the major headline on Friday, President Donald Trump's administration introduced a new wave of <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">reciprocal tariffs ranging</a> from 10% to 41% on dozens of countries, including key Asian trading partners.
The Switch 2 launched during a pause in tariffs on Japan and Vietnam, but the latest round could impact hardware manufacturing and shipping costs moving forward.
<h2 class="wp-block-heading">More Price Hikes May Be On The Horizon</h2>
Nintendo has not ruled out additional price adjustments, especially if global supply chain constraints persist or if new tariffs are implemented. "Please note that price adjustments may be necessary in the future," the company warned.
Consumers looking to buy older Switch models may want to act before the Aug. 3 deadline.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/08/46785059/intel-exec-exodus-as-ceo-lip-bu-tan-slashes-workforce-delays-ohio-chip-plant-in-major-shake-up-report" target="_blank" rel="noreferrer noopener">Intel Exec Exodus As CEO Lip-Bu Tan Slashes Workforce, Delays Ohio Chip Plant In Major Shake-Up: Report</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: Trygve Finkelsen / Shutterstock.com

NTDOY

Nintendo Hikes Prices On Switch Consoles In The US, Warns Of More Increases Amid Supply Shortages And Trade War Tensions

The Federal Aviation Administration (FAA) is planning to make further changes to helicopter routes near the Ronald Reagan Washington National Airport in response to the<a href="https://www.benzinga.com/25/01/43328465/no-survivors-yet-to-plane-crash-near-reagan-national-airport-american-airlines-ceo-heads-to-washington"> tragic mid-air collision</a> in January.
What Happened: The FAA announced on Friday that it is set to implement additional alterations to helicopter routes near the Ronald Reagan Washington National Airport, according to a Reuters report on Friday. This decision follows the fatal mid-air collision on January 29, which resulted in the deaths of 67 individuals.
FAA official Nick Fuller revealed during a National Transportation Safety Board (NTSB) hearing that the agency&#8217;s work group is working on changes to a crucial helicopter route near Reagan. This comes after the FAA had already imposed permanent restrictions on non-essential helicopter operations in March and further limited their operational areas in June.
See Also: <a href="https://benzinga.com/markets/tech/25/07/46748673/jensen-huang-sells-39-million-in-shares-as-nvda-stock-soars-30-in-2025">NVIDIA CEO Jensen Huang Sells $39 Million In Stock Amid Company&#8217;s Impressive Performance</a>
Why It Matters: The NTSB hearing also raised concerns about the lack of communication between air traffic controllers and FAA leaders. The NTSB has also questioned the FAA&#8217;s failure to implement safety improvements after previous close-call incidents.
NTSB Chair Jennifer Homendy criticized the FAA for disregarding warnings about safety issues. She said, &#8220;Every sign was there that there was a safety risk, and the tower was telling you. You transferred people out instead of taking ownership over the fact that everybody in the FAA tower was saying there was a problem &#8230; Fix it. Do better.&#8221;
This development also comes amid ongoing discussions about the need to modernize the U.S. Air Traffic Control System, which has been a <a href="https://www.benzinga.com/news/politics/25/07/46461080/sean-duffy-says-trump-administration-would-require-an-additional-19-billion-to-overhaul-air-traffic-control-need-more-money">topic of debate</a> in the political arena.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Chad Robertson Media / Shutterstock.com

News

FAA To Revise Helicopter Routes Near Reagan National Following January Mid-Air Crash

Adam Sandler has revealed he was hesitant to ask Eminem for a favor, but the rapper ultimately agreed to appear in "Happy Gilmore 2" — and it's already proving to be a hit for Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>).
<h2 class="wp-block-heading">Sandler Opens Up About Asking Eminem For Cameo</h2>
During a July appearance on The Dan Patrick Show, Sandler admitted he initially didn't want to trouble Eminem, born Marshall Mathers, with a request for a cameo in the sequel to his 1996 comedy classic.
"I love Eminem. I&#8217;m friends with Eminem, but I don&#8217;t want to bother the man. And everyone kept saying, ‘Man, Eminem would be so funny in this part,'" he recalled.&nbsp;
Adding, "And I was like, ‘I don&#8217;t want to ruin this guy&#8217;s time. He&#8217;s hanging out. He&#8217;s in Detroit. He&#8217;s doing his life, making records.' And then I started going, ‘But it certainly would be funny if he did it.'"
Despite the reluctance, Sandler said the role — a character named Donald Jr., son of Joe Flaherty's character from the original — was too perfect for the rapper to ignore.
Eventually, he called Eminem and said, "Dude, I know it's a pain in the a&#x2A;&#x2A;, but it's pretty funny," to which the rapper responded positively, telling Sandler to send "the stuff."
See Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/previews/25/07/46453824/netflix-q2-earnings-preview-squid-game-lift-is-clear-but-whats-the-next-blockbuster" target="_blank" rel="noreferrer noopener">Netflix Q2 Earnings Preview: ‘Squid Game&#8217; Lift Is Clear—But What&#8217;s The Next Blockbuster?</a>
<h2 class="wp-block-heading">Sandler And Eminem Go Way Back</h2>
The actor also shared that their friendship began years ago after a Saturday Night Live afterparty where Eminem was performing with Dr. Dre.
"He looked at me, and I looked at him like, ‘Oh yeah. That kid&#8217;s pretty damn cool.' And then he goes, ‘Bobby Boucher!' I go, ‘Oh yes, that's what's up, Marshall.' Then we became friendly after that," Sandler recalled, referencing his character from The Waterboy.
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<iframe loading="lazy" title="Adam Sandler on the Dan Patrick Show Full Interview &#x7C; 07/23/25" width="500" height="281" src="https://www.youtube.com/embed/rc1-R5FFagU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
<h2 class="wp-block-heading">Netflix Scores Big With Happy Gilmore 2 Premiere</h2>
Sandler&#8217;s Happy Gilmore 2 has <a href="https://www.benzinga.com/news/entertainment/25/07/46729590/netflix-hits-records-with-happy-gilmore-2-despite-lower-ratings-than-original-1996-film">proven to be a major hit</a>. Since its debut on Netflix on July 25, the film soared to the No. 1 position on the platform's movie chart. Garnering 46.7 million views within just three days, it marked the biggest opening weekend ever for a U.S. film on Netflix.
<h2 class="wp-block-heading">Netflix Revenue And Guidance Also On the Rise</h2>
Netflix reported <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46481193/netflix-q2-fueled-by-price-ads-squid-game-q3-set-to-repeat">second-quarter revenue</a> of $11.08 billion, up 16% year-over-year, beating Wall Street estimates. The company is projecting third-quarter revenue of $11.53 billion and EPS of $6.87, both above expectations. Full-year revenue is now expected to fall between $44.8 billion and $45.2 billion.
The streaming giant also highlighted its upcoming content lineup for the latter half of 2025 during the earnings. This lineup includes titles such as "Wednesday," "Stranger Things," "Frankenstein" and the live boxing event between Canelo and Crawford.
Price Action: According to <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0717">Benzinga Pro data</a>, Netflix shares have climbed 30.66% year-to-date and surged 88.81% over the past 12 months.
Benzinga&#8217;s Edge Stock Rankings show that while NFLX exhibits short-term downward momentum, it maintains a strong upward trend in both medium- and long-term periods. Despite a solid momentum score, the stock&#8217;s value rating lags. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~: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-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/02014008/Screenshot-2025-08-02-at-11.07.18%E2%80%AFAM.png" alt="" class="wp-image-1011817" /></a></figure>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy+: Jgphotographydetroit via Shutterstock

Entertainment

NFLX

Adam Sandler Says He 'Didn't Want To Bug' Eminem For Happy Gilmore 2 Cameo, But The Rap Icon Said Yes Anyway: Here's How It's Faring For Netflix

Bill Gates has highlighted the story of a Ugandan nurse, Agnes Nambozo, who is scaling 1000-foot ladders to vaccinate children in remote mountainous regions.
This is part of a larger effort to combat childhood mortality in Uganda, a country that has made significant strides in reducing child deaths through vaccination.
What Happened: Nambozo, based in Buluganya, Uganda, is undertaking an extraordinary daily journey to reach remote communities and vaccinate children. Her daily routine includes climbing a nearly 1000-foot ladder, a journey that takes her over four hours each way, as per Gates&#8217; blog on Wednesday.
Despite the risks involved, Agnes is committed to her mission of vaccinating children in these hard-to-reach areas. Her efforts are part of a broader initiative that has seen a significant reduction in childhood mortality in Uganda over the last 25 years, largely attributed to vaccines and vaccinators like Agnes.
See Also: <a href="https://benzinga.com/news/politics/25/08/46784703/elon-musk-donated-15-million-to-trumps-maga-and-gop-just-3-days-before-his-third-party-bid">Elon Musk Donated $15 Million To Trump&#8217;s MAGA And GOP Just 3 Days Before His Third Party Bid</a>
Agnes&#8217; work has become even more challenging due to recent funding cuts that have led to the loss of her colleagues at the health clinic in Buluganya. Despite these setbacks, Agnes remains determined to continue her work and is currently pursuing a nursing degree to further enhance her skills and impact.
Why It Matters: Bill Gates has been a vocal advocate for <a href="https://www.benzinga.com/news/esg/25/06/45739698/bill-gates-commits-majority-of-200-billion-foundation-budget-to-africa-over-next-20-years-amid-trumps-massive-usaid-cuts">increased health and development efforts in Africa</a>, especially in the face of funding cuts. He has warned that these cuts could lead to a rise in child mortality, a concern that is being addressed by healthcare workers like Agnes.
Despite the challenges, Agnes&#8217; unwavering commitment to her community exemplifies the impact of <a href="https://www.benzinga.com/news/health-care/25/07/46380959/bill-gates-warns-of-devestating-effects-of-usaid-funding-cuts-its-not-too-late-to-reverse-them">local healthcare workers</a> and the critical role they play in providing essential care, especially in hard-to-reach areas.
Agnes&#8217; story also highlights the importance of <a href="https://www.benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-hes-taking-the-proof-to-congress">investing in healthcare workers</a> and the need for continued support to ensure that they can carry out their vital work effectively.
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Photo courtesy: Alexandros Michailidis on Shutterstock

Health Care

Bill Gates Highlights Ugandan Nurse Climbing 1000-Foot Ladders To Deliver Vaccines

A second federal appeals court has shown signs of declaring President Donald Trump&#8216;s order restricting birthright citizenship as unconstitutional.
What Happened: A three-judge panel of the Boston-based 1st U.S. Circuit Court of Appeals expressed skepticism about the order, according to a Reuters report.
The panel questioned a lawyer from the U.S. Department of Justice on why they should overturn the lower-court judges who had previously blocked the order from taking effect.
This development suggests that the order is likely to be deemed unconstitutional by the 1st U.S. Circuit Court of Appeals. The order, issued by Trump on his first day back in office, directs agencies to deny citizenship to U.S.-born children who do not have at least one parent who is an American citizen or lawful permanent resident.
See Also: <a href="https://benzinga.com/markets/tech/25/07/46748673/jensen-huang-sells-39-million-in-shares-as-nvda-stock-soars-30-in-2025">NVIDIA CEO Jensen Huang Sells $39 Million In Stock Amid Company&#8217;s Impressive Performance</a>
The order&#8217;s fate is expected to be determined by the U.S. Supreme Court. The San Francisco-based 9th U.S. Circuit Court of Appeals had previously ruled the order as unconstitutional.
David Barron, Chief U.S. Circuit Judge,&nbsp; noted, &#8220;We have an opinion by the Supreme Court that we aren&#8217;t free to disregard.&#8221;
Why It Matters: This development comes in the wake of a <a href="https://www.benzinga.com/news/politics/25/06/46156417/supreme-court-hands-trump-a-monumental-victory-as-it-limits-judges-power-to-block-presidents-birthright-citizenship-order">Supreme Court ruling</a> that altered how birthright citizenship policies can be challenged in court. The ruling, authored by conservative Justice Amy Coney Barrett, limits the judiciary's power to issue nationwide injunctions against presidential directives.
Trump welcomed the ruling, asserting it enables his administration to advance policies like the birthright citizenship executive order, which he claims was unjustly obstructed. The decision requires lower courts to reevaluate the extent of their injunctions.
Trump&#8217;s order has faced legal challenges since its inception, with multiple courts ruling it as unconstitutional. The recent skepticism expressed by the 1st U.S. Circuit Court of Appeals further complicates the future of this controversial policy.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump's Birthright Citizenship Order Faces Likely Rejection In Second Federal Appeals Court: Report

The Corporation for Public Broadcasting says it will shut down after Congress, following President Donald Trump's <a href="https://www.benzinga.com/news/legal/25/06/45766300/trump-sends-congress-9-4-billion-doge-cut-proposal-targeting-npr-pbs-lgbtq-initiatives-and-overseas-cl">spending cuts</a>, stripped $1.1 billion in previously approved funding.
<h2 class="wp-block-heading">CPB Begins ‘Orderly Wind-Down' After Six Decades</h2>
The Corporation for Public Broadcasting announced Friday it will begin winding down operations, citing the passage of a Trump-backed spending bill that eliminates its federal funding.
The decision marks the end of a 60-year legacy supporting locally owned NPR and PBS member stations across the U.S.
"Despite the extraordinary efforts of millions of Americans who called, wrote, and petitioned Congress to preserve federal funding for CPB, we now face the difficult reality of closing our operations," said CPB President and CEO Patricia Harrison in a statement.
Most staff will exit by Sept. 30, the end of the fiscal year, with a small team remaining through January 2026 to manage the shutdown.
See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46314088/trump-slams-democrats-over-inflation-narrative-says-he-cut-costs-more-than-any-president-in-history" target="_blank" rel="noreferrer noopener">Trump Slams Democrats Over Inflation Narrative, Says He Cut Costs ‘More Than Any President In History&#8217;</a>
<h2 class="wp-block-heading">Trump Administration Cuts Trigger Broad Criticism</h2>
The $1.1 billion funding cut for CPB was part of a larger $9 billion rescissions package backed by President Trump and passed by Congress last month. The Trump administration has long pushed to defund CPB, claiming <a href="https://www.benzinga.com/25/05/45181825/trump-calls-npr-and-pbs-biased-and-partisan-signs-executive-order-to-stop-funding">liberal bias at</a> NPR and PBS—claims the organizations have denied.
"Public media has been one of the most trusted institutions in American life," Harrison said, citing CPB's role in providing educational content, emergency alerts and cultural programming across the country.
<h2 class="wp-block-heading">Warren, Sanders Have Slammed GOP's Spending Cuts Targeting Public Media</h2>
Previously, Sen. Bernie Sanders (I-Vt.) voiced his <a href="https://www.benzinga.com/news/politics/25/07/46334514/bernie-sanders-says-in-the-us-presidents-dont-censor-the-media-slams-trump-administrations-move-to-cut-1-1-billion-from-pbs-another-step-toward-authoritarianism">concerns about budget cuts</a> to the CPB, saying, "In the U.S., presidents don&#8217;t censor the media. Freedom of the press sets us apart from dictatorships."&nbsp;
His response followed Trump's characterization of the Public Broadcasting Service as "radical, woke propaganda."
Sen. Elizabeth Warren (D-Mass.) also earlier <a href="https://www.benzinga.com/news/politics/25/07/46459302/elizabeth-warren-says-trump-backed-genius-clarity-bills-dont-address-his-corruption-or-stop-terrorists-from-using-crypto-to-blow-up-our-entire-economy">raised alarms about</a> the intent to cut billions from already approved federal spending, saying, "Donald Trump wants to GUT already approved funds for public media like Sesame Street, NPR, and your local stations," adding, "If he gets away with this, next time he&#8217;ll go after your community&#8217;s funding for education, housing, climate, you name it."
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump-Backed Spending Bill Forces CPB Shutdown After 60 Years of Public Broadcasting

Ghislaine Maxwell, the former associate of convicted sex offender Jeffrey Epstein, has been relocated from a federal prison in Florida to a lower-security facility in Texas to serve her 20-year sentence, her lawyer confirmed on Friday.
What Happened: Maxwell was transferred to the new facility after a two-day interview with the Justice Department&#8217;s second-ranking official, Deputy Attorney General Todd Blanche, in Tallahassee, Florida, last week, <a href="https://www.wsj.com/politics/policy/epstein-associate-ghislaine-maxwell-transferred-to-lower-security-prison-facility-dbddca30">reported</a> The Wall Street Journal.
Blanche, who previously served as President Donald Trump&#8216;s criminal-defense lawyer, questioned Maxwell as the administration faced criticism from Trump supporters demanding the release of all Epstein-related files.
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Former Long Beach Mayor and Californian Congressman, Robert Garcia, in a post on X, stated that the idea of Trump siding with sex traffickers over the victims is disturbing.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There's a cover-up happening at the White House. After years of promising to release the Epstein files, Donald Trump completely flipped. It&#39;s time to get the full files and release them to the public. <a href="https://t.co/g9P3eH7sE9">pic.twitter.com/g9P3eH7sE9</a>
&mdash; Congressman Robert Garcia (@RepRobertGarcia) <a href="https://twitter.com/RepRobertGarcia/status/1951307513258725851?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
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Why It Matters: This development comes after a series of events that have kept the Epstein case in the public eye. Earlier in July, Trump <a href="https://www.benzinga.com/news/politics/25/07/46270547/elon-musk-reignites-jeffrey-epstein-client-list-row-adding-fuel-to-the-feud-with-trump">disavowed support from Republicans</a> who believe the Epstein case to be a &#8220;hoax.&#8221; The Justice Department had also uncovered Trump&#8216;s name in <a href="https://www.benzinga.com/news/politics/25/07/46591231/trumps-name-reportedly-found-in-epstein-files-by-justice-department-pam-bondi-says-president-was-made-aware-of-the-findings">documents related to Epstein</a>, which was reportedly informed to Trump by Attorney General Pam Bondi.
Maxwell&#8217;s move to a lower-security prison follows her <a href="https://www.benzinga.com/news/politics/25/07/46565257/pam-bondi-orders-doj-to-meet-with-jeffrey-epstein-associate-ghislaine-maxwell-as-house-gop-prepares-for-her-testimony">meeting with Blanche</a> in July, where they discussed her potential cooperation with prosecutors. This meeting sparked a wave of speculation and bets on the crypto-powered prediction platform Polymarket, with Maxwell&#8217;s attorney describing the meeting as &#8220;very productive.&#8221;
Maxwell, who was convicted in 2021 for aiding Epstein&#8217;s trafficking, was <a href="https://www.benzinga.com/government/22/06/27854959/jeffrey-epsteins-accomplice-ghislaine-maxell-kept-on-suicide-watch-report">placed on suicide watch</a> in 2022 and shifted to solitary confinement, leading to a request for a delay in her sentencing.&nbsp;
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Epstein Associate Ghislaine Maxwell Moved To Lower-Security Texas Prison After DOJ Interview: Report

President Donald Trump on Friday ordered the firing of Bureau of Labor Statistics Commissioner Erika McEntarfer just hours after a <a href="https://www.benzinga.com/markets/equities/25/08/46809585/fed-interest-rates-trump-powell-jobs-data-wall-street">disappointing jobs report</a>, accusing her—without evidence—of manipulating employment data for political purposes.
<h2 class="wp-block-heading">Trump Blasts Jobs Report, Alleges Political Bias</h2>
In a post on Truth Social, Trump called the July jobs data "rigged" and directed his administration to terminate McEntarfer, who was confirmed with bipartisan Senate support earlier this year.
"In my opinion, today's Jobs Numbers were RIGGED in order to make the Republicans, and ME, look bad — Just like when they had three great days around the 2024 Presidential Election," he said.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01230336/Screenshot-2025-08-02-at-8.33.32%E2%80%AFAM.png" alt="" class="wp-image-1011695" style="width:473px;height:auto" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
"We need accurate Jobs Numbers," Trump wrote. "She will be replaced with someone much more competent and qualified. Important numbers like this must be fair and accurate, they can't be manipulated for political purposes."
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/01230415/Screenshot-2025-08-02-at-8.34.09%E2%80%AFAM-854x1024.png" alt="" class="wp-image-1011699" style="width:376px;height:auto" /><figcaption class="wp-element-caption">Source: Truth Social</figcaption></figure>
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46798768/july-jobs-report-interest-rates-odds-trump-powell" target="_blank" rel="noreferrer noopener">Economists Flip To Trump's Side After Jobs Data–And Jerome Powell Is Now In Trouble</a>
<h2 class="wp-block-heading">BLS Report Shows Sharp Slowdown In Hiring</h2>
The Bureau of Labor Statistics reported Friday that the U.S. economy added just 73,000 jobs in July—far below expectations—and revised May and June job gains <a href="https://www.benzinga.com/markets/economic-data/25/08/46792479/july-nonfarm-payrolls-trump-powell-labor-market">downward by</a> more than 200,000.
McEntarfer Replaced By Acting Chief As Critics Warn Of Damage
Labor Secretary Lori Chavez-DeRemer said Deputy Commissioner Bill Wiatrowski will serve as acting head of BLS.
<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">I agree wholeheartedly with <a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a> that our jobs numbers must be fair, accurate, and never manipulated for political purposes. A recent string of major revisions have come to light and raised concerns about decisions being made by the Biden-appointed Labor Commissioner. I… <a href="https://t.co/weGmbTPHVp">pic.twitter.com/weGmbTPHVp</a>
&mdash; Secretary Lori Chavez-DeRemer (@SecretaryLCD) <a href="https://twitter.com/SecretaryLCD/status/1951359558611349821?ref_src=twsrc%5Etfw">August 1, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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An administration official confirmed that McEntarfer had been dismissed shortly after the data was released, <a href="https://www.nbcnews.com/business/economy/trump-orders-firing-bls-commissioner-weak-jobs-report-rcna222531">reported</a> NBC News.
The firing sparked alarm in Washington. Max Stier, CEO of the nonpartisan Partnership for Public Service, said, "President Trump is once again destroying the credibility of our government by firing expert and nonpartisan officials because he does not like the facts that they present," the report added.
Julie Su, former Labor Secretary under Joe Biden, defended McEntarfer, saying BLS career staff "do their jobs with care and pride" and "have also been attacked and vilified by this president," the report noted
McEntarfer was a longtime civil servant with previous roles at the Census Bureau and Treasury Department and had been confirmed in January with an 86–8 vote.
Vice President JD Vance, who supported her confirmation, now backs Trump's decision. "President Trump has the right to hire and fire the people he wants," said Vance's spokesperson, the report added.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Trump Fires Bureau Of Labor Statistics Chief Erika McEntarfer After Weak Jobs Report: 'Directed My Team To Fire This Biden Political Appointee'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook conducted a rare all-hands meeting at the company&#8217;s Cupertino, California, headquarters after the company's<a href="https://www.benzinga.com/markets/earnings/25/07/46776239/apple-q3-earnings-revenue-eps-smash-estimates-as-iphone-sales-jump-active-installed-base-reaches-new-highs"> fiscal third-quarter earnings</a>, emphasizing the importance of artificial intelligence as a pivotal opportunity for the tech giant.
Check out the current price of <a href="https://benzinga.com/quote/AAPL">AAPL stock here</a>.
What Happened: Despite being late to the AI market, Cook expressed confidence in Apple&#8217;s ability to innovate, as it has with past products, according to<a href="https://www.bloomberg.com/news/articles/2025-08-01/apple-ceo-tells-staff-ai-is-ours-to-grab-in-hourlong-pep-talk"> a</a> Bloomberg report.
Cook compared the AI revolution to significant technological advancements like the internet and smartphones, stating, &#8220;Apple must do this. Apple will do this. This is sort of ours to grab.&#8221;
Subscribe to the<a href="https://bztechtrends.beehiiv.com/subscribe"> Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
During the hourlong session, Cook addressed various topics, including the retirement of operating chief Jeff Williams, the expansion of Apple TV+ viewership, and advancements in health care through AirPods Pro technology.
He also discussed Apple&#8217;s commitment to becoming carbon neutral by 2030 and the challenges posed by global regulations.
Cook highlighted the company&#8217;s investment in AI, revealing that 12,000 employees were hired last year, with a significant portion in research and development. He urged staff to integrate AI into their work rapidly to avoid falling behind competitors.
See Also: <a href="https://benzinga.com/markets/macro-economic-events/25/08/46805962/trump-russia-medvedev-nuclear-submarines-vix-index-wall-street">Trump Issues Nuclear Threat To Russia–And Wall Street&#8217;s Fear Gauge Goes Vertical</a>
Senior Vice President Craig Federighi discussed the future of Siri, explaining that Apple is working on a new architecture for the voice assistant, aiming for a significant upgrade next year.
Why It Matters: The emphasis on AI comes amid mounting pressure for Apple to catch up with competitors like Alphabet Inc.'s (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>) Google, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Recently, Cook mentioned that Apple is<a href="https://www.benzinga.com/markets/tech/25/07/46781140/tim-cook-says-apple-is-very-open-to-ai-acquisitions-amid-mounting-pressure-to-catch-up-with-google-meta-and-microsoft"> &#8220;very open&#8221; to AI acquisitions</a>, indicating a strategic shift to accelerate its AI roadmap.
An analyst recently said that Apple faces an 18-month deadline to<a href="https://www.benzinga.com/markets/tech/25/07/46680504/apple-faces-18-month-deadline-to-deliver-on-ai-says-analyst"> deliver a compelling AI strategy</a>. This urgency underscores the importance of Cook&#8217;s rallying call to his staff.
The company is also launching a<a href="https://www.benzinga.com/markets/tech/25/07/46718104/tim-cook-moves-to-appease-trump-apple-launches-manufacturing-academy-in-detroit-set-to-commence-in-"> manufacturing academy in Detroit</a>, focusing on AI and manufacturing skills.
Cook recently reassured stakeholders that the<a href="https://www.benzinga.com/markets/tech/25/08/46783817/apple-ceo-tim-cook-says-iphone-still-central-to-future-tech-as-ex-design-chief-jony-ive-builds-ai-device-for-openai"> iPhone remains central</a> to Apple&#8217;s future tech strategy, viewing screenless AI devices as complementary rather than a threat.
Check out more of Benzinga&#8217;s Consumer Tech coverage by<a href="https://www.benzinga.com/topic/consumer-tech"> following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: Laura Hutton on Shutterstock.com

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Tim Cook Says 'Apple Must Do This,' As He Compares AI To Internet, Smartphone Revolutions

OpenAI Chairman Bret Taylor recently voiced his support for computer science degrees, emphasizing their significance in fostering &#8220;systems thinking,&#8221; a crucial skill even in the era of AI coding.
What Happened: Taylor highlighted the enduring value of a computer science degree. According <a href="https://www.businessinsider.com/openai-chairman-computer-science-cs-degrees-ai-vibecoding-valuable-2025-8">to</a> a Business Insider report, he noted that the degree equips students with a deeper understanding of concepts such as Big O notation, complexity theory, randomized algorithms, and cache misses.
Despite the rapid proliferation of AI coding, Taylor believes that the computer science major remains relevant. He explained that the degree teaches &#8220;systems thinking,&#8221; a critical aspect of product development. This skill, according to Taylor, will continue to be essential even as AI coding tools advance.
See Also: <a href="https://benzinga.com/markets/cryptocurrency/24/12/42511716/bitcoin-as-neutral-reserve-asset-could-overhaul-financial-system-says-analyst">Bitcoin As &#8216;Neutral Reserve Asset&#8217; Could Overhaul Financial System, Says Analyst</a>
Taylor&#8217;s perspective aligns with that of other industry leaders. Aparna Chennapragada, Microsoft&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CPO, and Sameer Samat, Google&#8216;s (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>) head of Android, have also emphasized the enduring value of computer science education.
Taylor stated, &#8220;Studying computer science is a different answer than learning to code, but I would say I still think it&#8217;s extremely valuable to study computer science.&#8221;
Why It Matters: Taylor&#8217;s endorsement of computer science degrees comes at a time when the value of traditional higher education is being questioned. A recent survey revealed that <a href="https://www.benzinga.com/news/education/25/07/46536110/degrees-no-longer-getajobfree-cards-shows-survey-gen-z-has-college-regrets-heres-why">one in four Gen Z workers regrets</a> attending college, with only about a third satisfied with their educational choices. This shift reflects a market where degrees no longer guarantee jobs.
Meanwhile, industry leaders like Daniel Lubetzky, the billionaire founder of KIND LLC and a judge on &#8220;Shark Tank,&#8221; are encouraging young people to <a href="https://www.benzinga.com/personal-finance/management/25/08/46801994/i-dont-think-college-is-an-end-all-be-all-says-shark-tanks-daniel-lubetzky-5-billion-founder-tells-gen-z-where-the-real-money-is-now">consider alternative career paths</a>, such as hands-on trades, as automation reshapes the job market.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Svet foto / Shutterstock.com

OpenAI Chairman Bret Taylor Believes This Degree Is Still Crucial In The AI Era: 'It's Extremely Valuable'

U.S. Treasury Secretary Scott Bessent said Friday he's optimistic about reaching a trade agreement with China as President Donald Trump launched a <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">sweeping new round of tariffs</a> affecting dozens of countries.
<h2 class="wp-block-heading">Bessent Says US-China Trade Talks Are Advancing</h2>
Bessent briefly posted on X, formerly Twitter, that this week's trade talks in Stockholm made meaningful progress toward a U.S.-China deal, reported Reuters.
The post, which was deleted and reposted due to an apparent technical issue, stated: "This week&#8217;s negotiations in Stockholm have advanced our talks with China, and I believe that we have the makings of a deal that will benefit both of our great nations."
He added, "I am optimistic about the path forward."
In a Thursday interview with CNBC, Bessent added, "It's not 100% done," but confirmed U.S. negotiators "pushed back quite a bit" in the latest round of discussions. He highlighted that President Trump holds the <a href="https://www.benzinga.com/news/macro-notification/25/07/46714265/trump-has-the-final-say-on-extending-us-china-truce-says-scott-bessent-after-a-refined-tariff-talks">final authority on any deal</a>.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46678919/nvidia-orders-another-300000-h20-chips-from-tsmc-as-soaring-china-demand-reverses-us-export-setback-report" target="_blank" rel="noreferrer noopener">Nvidia Orders Another 300,000 H20 Chips From TSMC As Soaring China Demand Reverses US Export Setback: Report</a>
<h2 class="wp-block-heading">China Faces Aug. 12 Deadline To Strike Long-Term Deal</h2>
China faces an Aug. 12 deadline to finalize a long-term tariff agreement with the U.S., following preliminary deals reached in May and June to de-escalate the ongoing trade war and avoid further restrictions on rare earth mineral exports.
<h2 class="wp-block-heading">Trump Escalates Global Trade War With New Tariffs</h2>
Meanwhile, President Trump signed an executive order on Thursday imposing fresh tariffs ranging from 10% to 41% on 69 countries, citing national security, fentanyl trafficking and unfair trade practices.
Canada, the U.S.'s largest trading partner, saw tariffs on many goods rise from 25% to 35%, with Trump accusing Ottawa of failing to cooperate on fentanyl enforcement.
Brazil, India, and Switzerland were also <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46745168/trump-leaves-good-friend-india-in-the-cold-strikes-trade-deal-with-arch-rival-pakistan-over-massive-oil-reserves">hit with new tariffs</a>, while Mexico secured a 90-day reprieve after President Claudia Sheinbaum spoke directly with Trump.
<h2 class="wp-block-heading">Experts Warn Of $500 Billion Hit To China If No Deal Is Reached</h2>
According to the Observatory of Economic Complexity, the failure to reach a U.S.-China deal by the deadline could cut Chinese exports to the U.S. by nearly <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46687133/china-risks-losing-488-billion-in-us-exports-without-trade-deal-protectionism-doesnt-protect">$500 billion by 2027</a>.
Former Commerce Secretary Wilbur Ross has cautioned that the U.S.-China trade war is <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46717555/trumps-ex-commerce-secretary-warns-china-wont-bow-to-us-like-eu-japan-if-theres-a-real-trade-war">"far from over,"</a> while economist Carlos Gutierrez said, "Protectionism doesn't protect. It strips a nation of its vitality."
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Economics

Scott Bessent Says China Talks Optimistic As Trump Slaps Tariffs On Dozens Of Countries: 'We Have The Makings Of A Deal'

Adriana Kugler, a Federal Reserve governor, is stepping down from her position on August 8. Kugler, who joined the Fed in September 2023, was expected to serve until January 31, 2026.
What Happened: The Fed announced Kugler&#8217;s resignation, stating she will return to Georgetown University as a professor next autumn, according to a Reuters report.
Her early departure could impact the already complex succession process for Fed leadership, amid tense relations with President Donald Trump.
Kugler did not attend the recent Federal Open Market Committee meeting. Her exit may alter the timeline for the succession of Chair Jerome Powell, whose term concludes next May. Trump has frequently expressed dissatisfaction with Powell, believing interest rates should be significantly lower.
Trump now has the opportunity to appoint a new Fed governor to complete Kugler&#8217;s term. Speculation suggests he might choose a potential future chair for the position. The White House has not commented on the appointment, but Trump expressed satisfaction with the vacancy.
See Also:<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46733603/fed-holds-trump-powell-waller-bowman-interest-rates"> Fed Skips Rate Cut Again—But Reveals Something We Haven&#8217;t Seen Since 1993</a>
Analyst Derek Tang from LH Meyer remarked, &#8220;I would not read any political motivation into what [Kugler is] doing, although the consequence of what she&#8217;s doing is she&#8217;s calling Trump&#8217;s bluff.&#8221; The process of filling the governor&#8217;s role involves several complexities, including the possibility of a temporary recess appointment by Trump.
Why It Matters: Kugler&#8217;s resignation comes amid ongoing tensions between President Trump and Fed Chair Jerome Powell. Trump has been vocal about his desire for lower interest rates, even visiting the Fed headquarters to press Powell for cuts. Despite his criticisms, the Supreme Court has<a href="https://www.benzinga.com/news/politics/25/06/45913481/trump-rips-jerome-powell-over-rates-but-supreme-court-shields-fed-from-firing"> shielded Powell from being fired by Trump</a>.
In July, the Fed maintained its interest rates, resisting Trump&#8217;s demands for cuts. This decision was seen as<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46746117/fed-holds-rates-amid-trumps-demands-for-a-cut-powell-more-hawkish-than-anyone-expected-say-economists-historic-dissent-noted"> Powell being more hawkish</a> than anticipated, according to economists.
Kugler had earlier shown<a href="https://www.benzinga.com/government/24/10/41224292/feds-adriana-kugler-will-support-for-more-rate-cuts-if-inflation-declines"> support for rate cuts</a> if inflation declined, aligning with the Fed&#8217;s dual mandate of price stability and employment growth.
With Kugler&#8217;s departure, Trump has the chance to influence the Fed&#8217;s direction by appointing a new governor, potentially impacting future monetary policy and the leadership succession at the Fed.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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