Telos (NASDAQ:TLS) Azioni

TELOS CORPORATION

Telos

Telos Corp offers technologically forwarded, software-based security solutions that empower and protect the world's security-conscious organizations against rapidly evolving, sophisticated, and pervasive threats. Its business has two reportable and operating segments namely Security Solutions and Secure Networks. The Security Solutions segment focuses on cybersecurity, cloud, and identity solutions, and the Secure Networks focuses on enterprise security. The company derives maximum revenue from the Security Solutions segment.

Telos Corp

Tiziana Life Sciences Ltd - Common Shares

Tiziana Life Sciences Ltd

TriSalus Life Sciences, Inc. - Common Stock

TriSalus Life Sciences Inc

TALISMAN MINING LTD ORD by Talisman Mining Ltd.

Talisman Mining Ltd

Telia Company AB

TELIA COMPANY AB UNSP/ADR by Telia Company AB

TRANSPORTATION & LOGISTIC by Transportation and Logistics Systems, Inc.

Transportation And Logistics Systems Inc

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) investors have &#8220;slid into panic mode&#8221; with shares dropping 23% since Apr. 2, according to Deepwater Asset Management Managing Partner Gene Munster, who warns the situation could deteriorate further amid escalating U.S.-China tensions.
What Happened: &#8220;It&#8217;s going to get ugly with China over the next month, which will intensify the panic,&#8221; Munster wrote Tuesday on X, addressing Apple&#8217;s dramatic selloff as the White House confirmed President Donald Trump&#8216;s 104% retaliatory tariff on Chinese <a href="https://www.benzinga.com/markets/equities/25/04/44704005/trumps-104-tariff-on-chinese-imports-sends-stock-futures-plunging-dow-falls-over-500-points">imports would take effect Wednesday</a>.
Apple shares fell 4.98% to $172.42 on Tuesday as markets reversed earlier gains following the tariff announcement, with investors concerned about potential supply chain disruptions and weakened sales in China.
Despite near-term challenges, Munster remains optimistic about Apple's long-term outlook. He believes that over the next three months, Apple will be &#8220;largely spared&#8221; from the impact of tariffs due to CEO Tim Cook's &#8220;favorable&#8221; relationships with both Trump and Chinese President Xi Jinping.
Munster also suggests that current recession fears are &#8220;already priced in.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over the past five trading days <a href="https://twitter.com/search?q=%24AAPL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AAPL</a> investors have slid into panic mode. Shares are down 23% since April 2. • It&#39;s going to get ugly with China over the next month, which will intensify the panic. • My eyes are on the horizon. Looking out 3 months from now, I believe Apple…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1909707386706710929?ref_src=twsrc%5Etfw">April 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44704930/trump-says-he-warned-tsmc-of-100-tariff-if-it-doesnt-manufacture-in-us-these-chip-companies-are-loaded">Trump Threatened TSMC He&#8217;d Impose Up To 100% Tariffs If It Didn&#8217;t Manufacture Chips In US: &#8216;These Chip Companies Are Loaded&#8217;</a>
Why It Matters: The tariffs have reportedly driven <a href="https://in.benzinga.com/media/25/04/44679666/apple-customers-flock-to-stores-as-tariffs-threaten-to-drive-iphone-prices-up-by-45-report">U.S. consumers to Apple stores seeking to purchase iPhones</a> before potential price increases. According to TechInsights, manufacturing costs could rise by more than 45%, potentially increasing iPhone prices from $580 to $850 per unit.
Bank of America analyst Wamsi Mohan sees Apple&#8217;s valuation <a href="https://in.benzinga.com/analyst-ratings/analyst-color/25/04/44696168/apple-is-a-buying-opportunity-again-as-key-valuation-level-flashes-green-bank-of-america-says">compression as a buying opportunity</a>, noting the company&#8217;s forward price-to-earnings ratio of about 21 times has historically signaled strong future returns, averaging 17% gains one year after similar drops.
&#8220;This storm will pass,&#8221; Munster said. &#8220;Apple&#8217;s brand loyalty remains strong—and will drive an Apple Intelligence upgrade cycle in FY26.&#8221;
Apple performs well on momentum and quality metrics but lags in short- to long-term price trends, according to data from Benzinga Edge Stock Rankings. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/04/44703064/shaq-says-billionaire-magic-johnson-gave-him-the-best-money-advice-being-famous-is-cool-but-at-some-point-you-want-to-start-owning-things" target="_blank" rel="noreferrer noopener">Shaq Says Billionaire Magic Johnson Gave Him the ‘Best' Money Advice — Being Famous Is Cool, ‘But at Some Point, You Want to Start Owning Things'</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

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Global

Markets

Tech

AAPL

Apple Stock Nosediving Since 'Liberation Day' Tariffs Has Created Panic, Says Gene Munster: Predicts Tim Cook's 'Favorable' Relationship With Trump, Xi Jinping Will Rescue iPhone-Maker

On Tuesday, President Donald Trump presented his latest round of tariffs as a political boost <a href="https://www.benzinga.com/news/25/04/44658760/trumps-trade-war-intensifies-stirring-unease-among-republicans-and-corporate-america">for the GOP</a> leading up to the 2026 midterms.
What Happened: Speaking at a Republican fundraising event in Washington, he insisted they would solidify his party's position on the House, according <a href="https://thehill.com/homenews/house/5239461-trump-tariffs-will-help-house-republican-midterms/">to</a> a report by The Hill.
At the National Republican Congressional Committee dinner, Trump said, "We're going to win the midterm elections and we're going to have a tremendous, thundering landslide."
"I really think we're helped a lot by the tariff situation that's going on, which is a good situation. It's going to be legendary, you watch."
Earlier on Tuesday, he declared an additional 50% tariff on Chinese imports, taking the total levies to 104%.
Meanwhile, several GOP lawmakers supported a <a href="https://www.benzinga.com/25/04/44639682/trump-gets-sued-over-china-tariffs-congress-did-not-grant-presidents-blank-check-to-write-domestic-policy">bipartisan move to impose limits on unilateral tariff actions</a>.
Trump trivialized these initiatives, saying, "These countries are calling me up kissing my a&#x2A;&#x2A;… you don't negotiate like I negotiate."
See Also: <a href="https://www.benzinga.com/25/04/44679410/elizabeth-warren-urges-gop-to-grow-a-spine-as-trumps-tariff-push-sends-markets-tumbling">Elizabeth Warren Slams Trump&#8217;s Tariff Policy As Markets Tank, Retirement Accounts Suffer And Americans Panic</a>
Why It Matters: Trump&#8217;s tariff strategy has flustered markets globally and ignited <a href="https://www.benzinga.com/markets/25/04/44657109/amid-tariff-turmoil-heres-why-mike-johnson-and-john-thune-stand-by-trump">bipartisan concerns</a> in Congress.
Some Republicans, like Rep. Don Bacon (R-Neb.) and Sen. Chuck Grassley (R-Iowa), are <a href="https://www.benzinga.com/25/04/44703811/elizabeth-warren-says-congress-has-power-to-pull-our-economy-back-from-the-brink-as-don-bacon-moves-to-limit-trumps-tariff-power-need-a-handful-of-republicans-not-to-bend-a-knee">advocating for legislation</a> that would restrict presidential control over tariffs.
Democrats, pointing to rising prices, are labelling the tariffs as a liability. "Republicans are raising prices for families," said DCCC Chair Suzan DelBene, warning of long-term global fallout: "He can break things very easily, and it's hard to put them back together."
While Trump is betting that his trade moves will rally the GOP base, opposition from within his party and criticism from Democrats suggest that tariffs could become a flashpoint in the 2026 campaign.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44703811/elizabeth-warren-says-congress-has-power-to-pull-our-economy-back-from-the-brink-as-don-bacon-moves-to-limit-trumps-tariff-power-need-a-handful-of-republicans-not-to-bend-a-knee">Elizabeth Warren Says Congress Has &#8216;Power To Pull Our Economy Back&#8217; From The Brink As Don Bacon Moves To Limit Trump&#8217;s Tariff Power</a></li>
</ul>
Photo courtesy: Shutterstock

Politics

General

Trump Predicts 'Tremendous, Thundering Landslide' In 2026 Midterms, Says Tariffs Will Help Republicans Win Big

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) completed an urgent logistics operation in late March, transporting five planeloads of iPhones and other products from manufacturing centers in India and China to the U.S. within 72 hours.
What Happened: The rapid shipments came as the company raced to beat President Donald Trump&#8217;s new 10% reciprocal tariff on imports that took effect on Apr. 5, senior Indian officials <a href="https://timesofindia.indiatimes.com/technology/mobiles-tabs/how-apple-flew-5-flights-full-of-iphones-from-india-and-china-in-3-days-to-beat-trump-tariffs/articleshowprint/120044321.cms?val=3728">confirmed</a> to The Times of India.
A <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44700191/apple-shares-drop-as-trumps-104-china-tariff-escalation-sparks-market-reversal-whats-going-on">steeper 104% retaliatory tariff</a> on Chinese goods was implemented on Wednesday.
Factories in India, China, and other major locations began shipping products to the U.S. ahead of the tariff hikes, according to the report. This stockpiling strategy has reportedly allowed Apple to build up several months&#8217; worth of inventory in its U.S. warehouses at pre-tariff rates.
The strategic maneuver comes as Apple shares have <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44700191/apple-shares-drop-as-trumps-104-china-tariff-escalation-sparks-market-reversal-whats-going-on">plummeted 23% since Apr. 2</a>, reflecting investor anxiety over escalating U.S.-China trade tensions. The stock fell an additional 6.59% to $169.50 on Tuesday after the White House confirmed the tariffs would proceed without delay or exemptions.
Apple did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/bonds/25/04/44705998/palantir-co-founder-joe-lonsdale-questions-if-china-is-dumping-treasuries-tesla-director-kimbal-musk-says-beijing-playing-fed-chicken-with-trump-ahead-of-65-trillion-refinance-deadline">Palantir Co-Founder Joe Lonsdale Asks If China Is Dumping Treasuries As Yields Spike</a>
Why It Matters: Tech industry analyst Gene Munster of Deepwater Asset Management warned investors the situation could deteriorate further, writing on social media: &#8220;It&#8217;s going to get ugly with China over the next month, which will intensify the panic.&#8221;
TechInsights estimates manufacturing costs could increase by over 45% due to the tariffs, potentially raising iPhone production <a href="https://in.benzinga.com/media/25/04/44679666/apple-customers-flock-to-stores-as-tariffs-threaten-to-drive-iphone-prices-up-by-45-report">costs from $580 to $850 per unit</a>. This prospect has reportedly driven U.S. consumers to Apple stores seeking to purchase devices before potential price increases.
The tariff structure poses a pricing challenge for Apple, with Indian exports facing a 26% tariff, while Chinese goods are now subject to a significantly higher 54% rate, with an <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44700191/apple-shares-drop-as-trumps-104-china-tariff-escalation-sparks-market-reversal-whats-going-on">additional 50% imposed on Tuesday</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/government/regulations/25/04/44705659/cathie-wood-points-to-serious-liquidity-issues-as-overnight-borrowing-rate-spreads-widen-on-spiking-treasury-yields-this-crisis-is-calling-out-for-some-kind-of-mar-a-lago-accord">Cathie Wood Points To &#8216;Serious Liquidity Issues&#8217; As Overnight Borrowing Rate Spreads Widen On Spiking Treasury Yields: &#8216;This Crisis Is Calling Out For Some Kind Of Mar-a-Lago Accord&#8217;</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Reportedly Flew 5 Flights Of iPhones Ahead Of Trump's 104% Tariffs On China Taking Effect: Stock Sinks Amid Esclating US-China Trade Tensions

The Internal Revenue Service (IRS) has agreed to share certain tax information of undocumented taxpayers with Immigration and Customs Enforcement (ICE).
What Happened: The IRS's decision to share tax information with ICE was revealed in a document submitted against the court filing by the Department of Homeland Security (DHS). The document questions the legality of this type of data sharing, <a href="https://www.nbcnews.com/news/latino/irs-share-taxpayer-info-ice-immigrants-rcna200250">reported</a> the NBC News. &#8220;There is an agreement that calls for information sharing, which is a reversal of what IRS said in the past it would not share,&#8221; said Alan Morrison the counsel on the case.
The agreement allows ICE officials to request information from the IRS about individuals ordered to leave the U.S. or those under investigation. This move is seen as part&nbsp;of President Donald Trump's mass&nbsp;deportation operation. Despite many without legal status paying billions in taxes, releasing personal tax information is considered illegal. 
However, the law includes certain exceptions—such as when the information is used for non-tax-related investigations involving allegations or suspicions of violations of federal criminal law. Counsel Morrison stated that so far the deal is restricted to those exceptions.
Speaking about the Trump administration&#8217;s plans, Nina Olson, the executive director of the Center for Taxpayer Rights and a former top I.R.S. official told the New York Times, &#8220;It's unprecedented."
In another development, USA Today reported that Acting IRS Commissioner Melanie Krause is expected to resign, becoming the third leadership change at the agency since January. Her departure follows the IRS&#8217;s controversial decision to share tax data with the ICE.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/25/04/44677285/elon-musks-brother-and-tesla-board-member-kimbal-musk-calls-trump-most-high-tax-american-president-in-gen" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Brother Kimbal Musk Calls Trump &#8216;Most High Tax American President In Generations,&#8217; Warns Tariffs Are A &#8216;Permanent Tax&#8217; On US Consumers</a>
Why It Matters: This policy shift comes in the wake of President Trump&#8217;s aggressive stance on immigration. For months, IRS officials had resisted revealing closely protected information, but Trump has since installed new leadership at the agency who are more supportive of his plan to share taxpayer data.
On Monday, Trump<a href="https://www.benzinga.com/politics/25/04/44680699/alien-enemies-act-survives-court-challenge-trump-gains-green-light-for-swift-deportations"> received the green light </a>to enforce the centuries-old Alien Enemies Act, enabling faster deportations of suspected gang members. 
However, experts have raised concerns about the feasibility of Trump&#8217;s mass deportation plan, estimating it could cost nearly $1 trillion <a href="https://www.benzinga.com/news/25/02/43420568/its-going-to-be-impossible-experts-doubt-feasibility-of-trumps-deportation-plan-experts-estimate-nearly-1-trillion-spend-in-10-yearspresident-donald-trumps-pledge-t">over a decade</a>. The IRS&#8217;s decision to share tax information could potentially expedite the deportation process, but it remains to be seen how this will impact the overall cost and feasibility of the operation.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44699720/bitcoin-ethereum-xrp-dogecoin-extend-losses-as-white-house-hammers-chinese-goods-with-104-tariff" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Extend Losses As White House Hammers Chinese Goods With 104% Tariff &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

IRS Reverses Stance, Will Hand Over Undocumented Taxpayer Info To Immigration Authorities: 'It's Unprecedented'

Shares of Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) rose sharply in today's pre-market trading after the company announced it secured $23.24 million in bridge financing from <a href="https://www.benzinga.com/quote/vero">Madryn Health Partners</a>.
Venus Concept shares jumped 201% to $8.67 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Femto Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMTO#NASDAQ">FMTO</a>) rose 95.7% to $5.50 in pre-market trading after gaining around 390% on Tuesday.</li>
<li>Scworx Corp (NASDA: WORX) rose 70.8% to $1.36 in pre-market trading after gaining 7% on Tuesday.</li>
<li>Flushing Financial Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) surged 53.1% to $17.00 in pre-market trading.</li>
<li>TNL Mediagene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNMG#NASDAQ">TNMG</a>) gained 37.1% to $0.73 in pre-market.</li>
<li>Webster Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) rose 36.4% to $56.99 in pre-market trading.</li>
<li>Antelope Enterprise Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHL#NASDAQ">AEHL</a>) rose 30.6% to $2.85 in pre-market trading after dipping over 15% on Tuesday.</li>
<li>Viper Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) gained 25.7% to $46.00 in pre-market trading.</li>
<li>Bit Origin Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) gained 23.7% to $0.18 in pre-market trading after gaining 22% on Tuesday.</li>
<li>Marsh &amp; McLennan Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) surged 17.8% to $260.00 in pre-market trading. On April 2, Marsh McLennan Agency announced the acquisition of Arthur Hall Insurance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Vincerx Pharma Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) fell 54.1% to $0.25 in pre-market trading. Vincerx Pharma disclosed that it has terminated previously announced non-binding Letter of Intent with Global Digital Holdings regarding a potential merger.</li>
<li>Cartesian Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) shares tumbled 37% to $6.00 in pre-market trading. Cartesian Therapeutics, on Tuesday, reported 12-month data for lead cell therapy in myasthenia gravis patients.</li>
<li>Enhabit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EHAB#NYSE">EHAB</a>) fell 35.5% to $5.00 in today's pre-market trading.</li>
<li>CCC Intelligent Solutions Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCCS#NASDAQ">CCCS</a>) shares dipped 34.8% to $5.40 in pre-market trading.</li>
<li>Smith Douglas Homes Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDHC#NYSE">SDHC</a>) fell 32.5% to $12.00 in pre-market trading after dipping 10% on Tuesday.</li>
<li>Incannex Healthcare Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IXHL#NASDAQ">IXHL</a>) shares fell 29% to $0.60 in pre-market trading after surging 70% on Tuesday.</li>
<li>SaverOne 2014 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVRE#NASDAQ">SVRE</a>) shares fell 28.2% to $2.59 in pre-market trading after gaining 11% on Tuesday.</li>
<li>Donegal Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGICA#NASDAQ">DGICA</a>) fell 27.3% to $13.10 in pre-market trading. Donegal Group will release its results for first quarter on Thursday, April 24, before the opening bell.</li>
<li>Ambac Financial Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMBC#NYSE">AMBC</a>) declined 24.1% to $5.00 in pre-market trading.</li>
<li>LXP Industrial Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXP#NYSE">LXP</a>) dipped 17.7% to $5.94 in pre-market trading. LXP Industrial Trust will release its first quarter financial results on Thursday, May 1.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/04/44684755/top-3-industrials-stocks-you-may-want-to-dump-this-month">Top 3 Industrials Stocks You May Want To Dump This Month</a> </li>
</ul>
Photo via Shutterstock

AEHL

AMBC

BTOG

CCCS

DGICA

EHAB

FFIC

FMTO

IXHL

RNAC

SDHC

SVRE

TNMG

VERO

VINC

VNOM

WORX

Why Venus Concept Shares Are Trading Higher By Over 200%; Here Are 20 Stocks Moving Premarket

Argentina's Chamber of Deputies approved a probe Tuesday into the scam-tainted LIBRA token that has embroiled Javier Milei's administration in controversy.
What happened: The lower house voted in favor of three draft resolutions, including the creation of an investigative commission, the questioning of executive branch officials, and a request for information from the government, to investigate the Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based cryptocurrency whose pump-and-dump action eroded millions of dollars in investors' wealth.
Representative Germán Martínez from the main opposition bloc, Union for the Homeland, stated, &#8220;In a global moment like the one we are experiencing, we must ensure that politics does not become unfocused."
On the other hand, the leader of the ruling La Libertad Avanza party, Gabriel Bornoroni, said that the opposition was "creating a show" to divert attention away from the government&#8217;s fiscal surplus achievements in 2024.
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/25/04/44677895/another-crypto-firm-set-to-go-public-galaxy-digital-foresees-nasdaq-listing-soon-after-sec-approves-delaware-move">Another Crypto Firm Set To Go Public: Galaxy Digital Foresees Nasdaq Listing Soon After SEC Approves Delaware Move</a>
Why It Matters: The president <a href="https://in.benzinga.com/25/02/43769603/argentinas-stock-market-plummets-amid-milei-meme-coin-controversy">publicly endorsed</a> the LIBRA token in February, causing it to gain billions in market capitalization, only to crash 90% within the next few hours. As of this writing, the token was down 98% from its peak.
The crash sparked allegations of a rug pull, with a <a href="https://in.benzinga.com/news/global/25/03/44296984/libra-token-fallout-argentine-lawyer-demands-extradition-of-project-creator-from-us">renowned Argentine lawyer </a>demanding the international arrest of Hayden Davis, a U.S.-based cryptocurrency entrepreneur allegedly involved in the token launch.
Milei said that he never promoted the coin, and anyone who invested in the coin did so voluntarily. The president has faced calls for impeachment and criminal charges <a href="https://in.benzinga.com/25/02/43761407/argentinas-javier-milei-faces-impeachment-for-promoting-tainted-libra-memecoin-that-pumped-and-dumpedpresidents-office-orders-inquiry">against him</a> over the scandal.
Read Next:&nbsp;
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Image Via Shutterstock

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

Cryptocurrency

$SOL

Argentina's Congress Approves Investigation Of Scam-Ridden LIBRA Token Promoted By President Javier Milei

President Donald Trump's net worth has taken a major blow after the rollout of his <a href="https://www.benzinga.com/markets/equities/25/04/44704005/trumps-104-tariff-on-chinese-imports-sends-stock-futures-plunging-dow-falls-over-500-points">far-reaching new tariffs</a>.
What Happened: Within days, Trump&#8217;s estimated net worth declined by nearly $600 million, dropping from $4.7 billion to $4.1 billion, according to an analysis <a href="https://www.forbes.com/sites/danalexander/2025/04/08/trumps-net-worth-drops-500-million-as-tariffs-upend-global-economy/">by</a> Forbes.
The <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44699965/biggest-tax-hike-since-1982-trumps-tariff-strategy-faces-harsh-economic-forecast">biggest impact </a>came from Trump Media and Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>), which dropped 8% over three sessions, with the value of his holding declining by $170 million in this period.
Commercial real estate losses—catalyzed by falling property stock values—added an approximate $90 million in declines. Golf and hospitality assets were also impacted as investor anxieties and potential consumer cutbacks affected leisure-sector valuations.
A larger decline in residential real estate and a hit to Trump's crypto-linked profits further added to the downturn.
See Also: <a href="https://www.benzinga.com/general/social-media/25/04/44705344/ray-dalio-says-dont-make-the-mistake-of-thinking-whats-happening-now-is-due-to-trump-tariffs">Ray Dalio Says Don&#8217;t Make The Mistake Of Thinking What&#8217;s Happening Now Is Due To Trump Tariffs</a>
Why It Matters: Though Trump's businesses are not directly reliant on imported goods, the tariff-induced market chaos is still impacting him. Asset prices across sectors connected to discretionary spending and confidence are being driven down amidst market volatility.
Trump's financial setback demonstrates how <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44698697/markets-reverse-gains-as-trumps-104-china-tariff-announcement-rattles-wall-street">policy-driven market volatility</a> can impact even the wealthiest players in the market.
While his team says he is acting in national interest, the fallout from his <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44670683/peter-schiff-says-trumps-tariffs-are-dumber-than-a-strategic-bitcoin-reserve">most recent tariffs</a> may continue to corrode the value of his assets, especially in image-driven sectors like real estate, media, and leisure.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44705011/steve-eisman-of-big-short-fame-says-no-amount-of-fundamental-research-can-help-navigate-trumps-tariff-war-throw-it-out-of-the-window">Steve Eisman Of &#8216;Big Short&#8217; Fame Says No Amount Of Fundamental Research Can Help Navigate Trump&#8217;s Tariff War, &#8216;Throw It Out Of The Window&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Trump's Tariff Push Drags Down His Personal Fortune — Here's How Much The Billionaire President Has Lost Since 'Liberation Day'

<h3>Companies Reporting Before The Bell</h3>
• Neogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOG#NASDAQ">NEOG</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $224.23 million. 
• Target Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TH#NASDAQ">TH</a>) is likely to report quarterly loss at $0.03 per share on revenue of $29.18 million. 
• Theratechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) is projected to report quarterly loss at $0.02 per share on revenue of $29.18 million. 
• Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is expected to report quarterly earnings at $0.80 per share on revenue of $13.39 billion. 
• Simply Good Foods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>) is estimated to report earnings for its second quarter. 
<h3>Companies Reporting After The Bell</h3>
• Richardson Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELL#NASDAQ">RELL</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $56.90 million. 
• Pure Cycle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>) is projected to report earnings for its second quarter. 
• Lakeland Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAKE#NASDAQ">LAKE</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $47.10 million. 
• BBB Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBBB#NYSE">TBBB</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $789.13 million. 
• Calamos Glb Total (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGO#NASDAQ">CGO</a>) is likely to report earnings for its second quarter. 
• Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is projected to report quarterly earnings at $2.49 per share on revenue of $2.24 billion. 
• Pricesmart (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) is estimated to report quarterly earnings at $1.41 per share on revenue of $1.34 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

LAKE

NEOG

PCYO

PSMT

RELL

SMPL

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THTX

Earnings Scheduled For April 9, 2025

Dave Portnoy, the founder of Barstool Sports, has reportedly lost $20 million in stocks and cryptocurrency due to the market downturn triggered by President Donald Trump&#8216;s tariffs.
What Happened: Portnoy, a staunch Trump supporter, disclosed the loss on his financial livestream &#8220;Davey Day Trader&#8221;. Initially, he estimated a loss of $7 million following last week&#8217;s market plunge, but later revised the figure to $20 million, which accounts for up to 15% of his net worth, <a href="https://fortune.com/2025/04/08/dave-portnoy-trump-tariffs-stock-market-meltdown-crypto-bloodbath/">Fortune</a> reported.
Despite the substantial loss, Portnoy remains committed to supporting Trump, whom he referred to as &#8220;a smart guy&#8221;. He believes Trump is playing a high-stakes game with the tariffs and plans to &#8220;roll with him&#8221; to see how the situation unfolds.
Other influential figures such as hedge fund manager Bill Ackman and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk have also expressed their concerns about the tariffs, which are set to take effect on Wednesday.
See Also:&nbsp;<a href="https://benzinga.com/news/25/04/44703466/dave-portnoy-says-what-many-are-thinking-if-bitcoins-supposed-to-be-independent-of-dollar-why-does-it-trade-" target="_blank" rel="noreferrer noopener">Dave Portnoy Says What Many Are Thinking, &#8216;If Bitcoin&#8217;s Supposed To Be Independent of Dollar, Why Does It Trade Just Like The Stock Market?&#8217;</a>
Why It Matters: The tariffs imposed by Trump have had a significant impact on the market, including the cryptocurrency sector. Since Trump&#8217;s inauguration, the total cryptocurrency market capitalization has <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44662677/trumps-tariff-moves-have-hammered-crypto-market-but-this-large-cap-coin-holds-steady">shrunk by nearly 32%</a>, wiping out more than a trillion dollars in investors&#8217; wealth. Ackman, in a social media post, warned against the potential economic <a href="https://in.benzinga.com/25/04/44659521/bill-ackman-warns-against-launching-economic-nuclear-war-wants-a-90-day-time-out-on-trump-tariffs">repercussions of escalating tariffs</a> under President Trump. He highlighted that business relies heavily on trust and confidence.
Portnoy, in a recent post, questioned the correlation between the <a href="https://in.benzinga.com/news/25/04/44703466/dave-portnoy-says-what-many-are-thinking-if-bitcoins-supposed-to-be-independent-of-dollar-why-does-it-trade-just-like-the-stock-market">U.S. stock market</a> and Bitcoin. His question resonated with many in the crypto world, highlighting the impact of the tariffs on both the stock and crypto markets.
Meanwhile, as President Donald Trump‘s tariff hike rattled global markets, billionaires like Musk, Jeff Bezos, and Mark Zuckerberg saw their fortunes tumble. In 2025, Musk lost $143 billion, Bezos saw a $47.2 billion decline in his wealth, and Zuckerberg&#8217;s net worth dropped by $26.5 billion, according to the Bloomberg Billionaires Index. Meanwhile, the ‘Oracle of Omaha&#8217;—Buffett—<a href="https://www.benzinga.com/tech/25/04/44658417/warren-buffett-stands-tall-in-2025-as-elon-musk-jeff-bezos-and-mark-zuckerberg-bleed-billions-in-net-worth-oracle-of-omaha-emerges-as-lone-gainer-among-top-billionaires-amid-market-rout" target="_blank" rel="noreferrer noopener">stood out as the only top 10 billionaire</a> to post a year-to-date net worth gain in 2025.
On Tuesday, the Dow Jones Industrial Average, tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), dropped 320 points, or 0.84%, to close at 37,645.59 after falling more than 4000 points in the last five sessions. The S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), slipped 1.57% to finish at 4,982. Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:&nbsp;<a href="https://benzinga.com/25/04/44677880/apple-reportedly-plans-to-move-more-iphone-production-to-india-amid-trump-tariff-fearscould-this-solve-the-300-pr" target="_blank" rel="noreferrer noopener">Apple Reportedly Plans To Move More iPhone Production To India Amid Trump Tariff Fears: Could This Solve The Potential 40% Price Hike?</a>
Image via Shutterstock

SPDR Dow Jones Industrial Average ETF Trust

TSLA

Dave Portnoy Loses $20 Million In Market Crash Sparked By Trump Tariffs — But Still Thinks The President Is A 'Smart Guy'

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder Joe Lonsdale flagged unusual market activity on Tuesday, questioning whether China is &#8220;dumping treasuries like mad&#8221; amid escalating trade tensions with the U.S.
What Happened: Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) director Kimbal Musk responded that China&#8217;s apparent selling strategy may be designed to pressure the Federal Reserve ahead of a critical debt refinancing deadline.
President Donald Trump is &#8220;playing chicken with the Fed. China knows this and is selling treasuries to try to make sure Trump loses the Fed-Chicken game,&#8221; Musk wrote on X, pointing to $6.5 trillion in U.S. debt needing refinancing by June.
The exchange comes as U.S. markets experience what financial strategist Lawrence McDonald called &#8220;historically swift destruction of equity capital,&#8221; with $9 trillion wiped out in six weeks <a href="https://www.benzinga.com/markets/bonds/25/04/44679299/trump-tariffs-triggers-historic-equity-wipeout-outpacing-covid-lehman-crashes-with-no-bond-rally-to-cushion-the-blow-says-lawrence-mcdonald">following Trump&#8217;s tariff announcements</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The only way to apply sense to Trump's trade war is to create massive uncertainty that will force the Fed to lower rates for when we need to refinance $6.5T of treasuries by June. China knows this and by selling treasuries they create counter pressure for the Fed to keep rates…
&mdash; 
</blockquote></div></figure>

Bonds

PLTR

Palantir Co-Founder Joe Lonsdale Asks If China Is Dumping Treasuries As Yields Spike: Tesla Director Kimbal Musk Says Beijing Playing 'Fed-Chicken' With Trump Ahead Of $6.5 Trillion Debt Refinancing Deadline

Despite President Donald Trump&#8216;s tariffs sending shockwaves through the stock market, one analyst believes the domestic automotive industry in the U.S. is poised for a surprising boost. Here is a list of potential beneficiaries and losers of the new trade policy. 
What Happened: While the tariffs of U.S. trading partners have had a damaging effect on the stock market, they have also fueled the fear of a slowdown in the economy and a possible recession.
According to John Murillo, the chief dealing officer at a global fintech solutions provider for financial institutions, B2BROKER, Trump's tariffs preemptively target metals, cars, and high-tech imports into the U.S., which seemingly spells trouble, &#8220;specifically for these sectors.&#8221;
However, he goes on to add that the &#8220;devil is always hiding in the details,&#8221; and sees the protectionist measures as a silver lining for the American automotive sector, predicting increased demand due to reduced foreign competition.
&#8220;Since tariffs are imposed on foreign cars competing with U.S. cars for consumer preferences, it will be precisely the American automotive industry that reaps the fruit of this protectionism,&#8221; Murillo told Benzinga.
Murillo states that despite the initial negative reaction following a cut in dividends by the Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) executives, &#8220;Ford and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will see higher demand on their production over time, which will offset all current inconveniences with reorientation for alternative foreign supply parts producers.&#8221;
&#8220;We must also not forget Donald Trump&#8216;s bet on the American oil industry,&#8221; adds Murillo, stating that he will &#8220;zealously protect American businesses, and we know that conventional energy is the subject of his special focus.&#8221; 
&#8220;He is expected to fight with big oil companies worldwide in every possible way, and this is very positive news for the U.S. oil stocks despite the current softness of oil prices,&#8221; which will especially benefit classic oil producers like Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), according to Murillo.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44705659/cathie-wood-points-to-serious-liquidity-issues-as-overnight-borrowing-rate-spreads-widen-o">Cathie Wood Points To &#8216;Serious Liquidity Issues&#8217; As Overnight Borrowing Rate Spreads Widen On Spiking Treasury Yields</a>
Why It Matters: Tariffs are considered protectionist policies as they are taxes that a government levies on imported goods. The primary objective of tariffs is to protect domestic industries that produce the same or similar goods.
However, they could lead to an increase in the prices of goods as the cost of producing the goods domestically increases.
Murillo also highlights the companies that will lose out because of these policies in the long run.
&#8220;The most evident losers will be retail stocks, such as Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) and Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), which traditionally formed most of their margins by arbitraging Chinese wholesale versus U.S. domestic retail prices.&#8221;
&#8220;PC, server, and phone equipment manufacturers like HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) will also feel the heat because many essential parts have been delivered from China for decades,&#8221; he adds.
<figure class="wp-block-table is-style-stripes"> 
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<td>Stocks In Focus</td>
<td>YTD Performance</td>
<td>One Year Performance</td>
</tr>
<tr>
<td>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)</td>
<td>-9.95%</td>
<td>-35.82%</td>
</tr>
<tr>
<td>General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>-17.31%</td>
<td>-5.03%</td>
</tr>
<tr>
<td>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>)</td>
<td>-6.09%</td>
<td>-16.84%</td>
</tr>
<tr>
<td>Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>)</td>
<td>-6.67%</td>
<td>-15.48%</td>
</tr>
<tr>
<td>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>)</td>
<td>-0.12%</td>
<td>26.46%</td>
</tr>
<tr>
<td>Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</td>
<td>-9.12%</td>
<td>36.80%</td>
</tr>
<tr>
<td>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>)</td>
<td>-32.61%</td>
<td>-26.99%</td>
</tr>
<tr>
<td>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</td>
<td>-10.00%</td>
<td>6.36%</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>-29.29%</td>
<td>1.62%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Notably, on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) decreased by 1.57% to $496.48, while the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) saw a decline of 1.80% to $416.06, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Following Tuesday&#8217;s trading session, the Nasdaq 100 is in bear market territory, having fallen 23.10% from its prior peak of 22,222.61. The S&amp;P 500 also saw a significant decline of 18.95% from its Feb. 19 high of 6,147.43, while the Dow Jones was down 16.48% from its 52-week high.
Wednesday&#8217;s futures market indicated further potential losses, with Dow, S&amp;P 500, and Nasdaq 100 futures all trading lower.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/04/44683084/bear-markets-hit-harder-and-last-longer-during-recessions-heres-a-historical-look-at-bear-market-severity-and-duration">Bear Markets Hit Harder And Last Longer During Recessions, Says Strategist</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

Exclusives

Analyst Ratings

COST

CSCO

Ford, GM To Witness 'Higher Demand' As American Carmakers Set To 'Reap The Fruit Of Protectionism,' Says Expert: Here's A List Of Potential Gainers And Losers From Trump Tariffs

The infamous hacking group, DonRoad Team, has reportedly disclosed its intentions to execute&nbsp;a series of cyberattacks on&nbsp;websites linked to Elon Musk throughout April.
What Happened: DonRoad Team, previously known for their cyberattacks on websites related to Donald Trump such as that of The Trump Organization, has now set their sights on Elon Musk. The group has in the past disrupted operations of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX, raising questions about the security of Musk&#8217;s digital infrastructure, <a href="https://www.newsweek.com/elon-musk-website-hackers-tesla-doge-spacex-full-month-2056650">Newsweek</a> reported.
The hackers announced their plans on the messaging platform Telegram, stating, &#8220;In&nbsp;the next few hours, we&nbsp;will be suspending all websites&nbsp;affiliated with Elon Musk companies&nbsp;for a full month.&#8221; 
In a February cyberattack, hackers altered the website of the Department of Government Efficiency (DOGE)—overseen by Musk—to mock him and his team.
The site temporarily displayed the message: &#8220;This is a joke of a .gov site,&#8221; written in large letters alongside: &#8220;THESE &#8216;EXPERTS&#8217; LEFT THEIR DATABASE OPEN.&#8221;
Oded Vanunu, Chief Technologist for WEB 3.0, underscored the importance of robust cybersecurity defenses, particularly against DDoS attacks. Despite the threats, no outages were reported on Musk&#8217;s major websites at the time of Newsweek&#8217;s report.
&nbsp;&#8220;For businesses and organizations, this reinforces the need for stronger cyber security defenses, especially against DDoS attacks, which can cripple online services,&#8221; stated Vanunu.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44696527/forget-dogecoin-shiba-inufartcoin-emerges-as-recession-hedge-with-surging-strength" target="_blank" rel="noreferrer noopener">Forget Dogecoin, Shiba Inu—Fartcoin Emerges As &#8216;Recession Hedge&#8217; With Surging Strength &#8211; Benzinga</a>
Why It Matters: This threat <a href="https://www.benzinga.com/markets/25/04/44601197/massive-data-breach-at-elon-musks-x-reportedly-exposes-data-of-millions-of-accounts-by-far-the-largest-social-media-breach-ever">comes on the heels </a>of a massive data breach at Musk&#8217;s social media platform, X, as reported on April 2. The breach, which exposed over 200 million users&#8217; email IDs, was termed as &#8220;the largest social media breach ever.&#8221; The cybersecurity team at SafetyDetectives discovered a post on a hacking message board, BreachForums, containing a 34 GB CSV file with over 201 million entries of data allegedly from X users.
This declaration also comes in the wake of a series of attacks on Musk&#8217;s social media platform X in March, which included a Distributed Denial of Service (DDoS) attack leading to significant outages. The Dark Storm Team was responsible for the attacks at that time.
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/25/04/44679811/bearish-investor-warns-of-80-stock-market-crash-says-the-current-market-drop-is-a-trap-i-just-dont-think-" target="_blank" rel="noreferrer noopener">Bearish Investor Warns Of 80% Stock Market Crash, Says The Current Market Drop Is &#8216;A Trap&#8217;: &#8216;I Just Don&#8217;t Think This Is It&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Hacker Group Threatens Cyberattacks On Elon Musk's Empire Throughout April, After Dropping Trump Focus: Report

In response to President Donald Trump's renewed tariff offensive, the <a href="https://www.benzinga.com/25/04/44663080/apple-facebook-and-google-become-bargaining-chips-in-us-trade-war-eu-threatens-retaliation-uk-offers-tax-relief-for-lower-tariffs">European Union is responding</a> with a strategic move of its own, focusing on American exports from conservative heartlands in the U.S., taking aim at farm produce and steel from red states.
What Happened: According to Brussels&#8217; draft plan, accessed <a href="https://www.politico.eu/article/eu-tariffs-trade-war-donald-trump-republican-states/">by</a> Politico, the EU is looking to deliver a blow that might sting the Trump administration politically.
The draft plan allegedly highlights Brussels&#8217; intent to introduce duties of up to 25% on almost €22.1 billion (roughly $23.9 billion) worth of American products, ranging from high-volume exports such as soybeans and steel to more specific items like ice cream from Arizona, electric blankets from Alabama, and pasta from Florida.
The rollout is set to come in phases: revived duties on products like orange juice are likely to start on April 15, and a second batch—including steel and white chocolate—will follow on May 16.
A final round of duties, including almonds and soybeans, is set to be implemented on December 1. According to the report, <a href="https://in.benzinga.com/25/04/44651574/fintech-company-klarna-delays-us-ipo-amid-tariff-turmoil-report">EU member states</a> are expected to give the plan their go-ahead this week.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44660696/trumps-tariff-worries-ross-gerber-points-out-ordering-eu-goods-under-800-still-keeps-you-tax-free">Trump&#8217;s Tariff Worries? Ross Gerber Points Out Ordering EU Goods Under $800 Still Keeps You Tax-Free</a>
Why It Matters: The EU's response goes beyond trade into the realm of tactical politics.
By zeroing in on exports from GOP-dominated states, it is exerting economic pressure on the areas where Trump typically receives support.
Top targets include soybean, with most of the shipments to Europe originating from Louisiana. Other impacted products include beef from Kansas, poultry Southern states, and cigarettes from Florida.
U.S. producers, already threatened by global competition and <a href="https://www.benzinga.com/markets/25/04/44677506/china-resolutely-opposes-trumps-50-tariff-threat-vows-countermeasures-as-trade-tensions-jolt-markets">China's retaliatory measures</a>, have raised alarms, but the Trump administration is <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44698697/markets-reverse-gains-as-trumps-104-china-tariff-announcement-rattles-wall-street">showing no signs</a> of going back on its policies.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/forex/25/04/44680574/global-markets-rebound-in-relief-rally-gold-back-to-3000">Trump&#8217;s 104% Tariff On Chinese Imports Sends Stock Futures Plunging — Dow Falls Over 500 Points</a></li>
</ul>
Photo courtesy: Shutterstock

Trump Tariffs Push EU To Hit $23 Billion In US Exports, Including Orange Juice, Poultry, And Steel From Red States

Contracts

Embraer-Empresa Brasileira De Aeronautica

Intelsat Inked An Agreement With Embraer To Soon Launch High-speed, Reliable Multi-orbit Connectivity Service On Embraer E2 Aircraft From The Day The Plane Is Delivered

The price of eggs in the U.S. has seen a drop in March, putting an end to a six-month surge. Despite the decrease, the average cost for a dozen eggs remains above $6.
What Happened: The nationwide average price for a dozen eggs fell by approximately a quarter in March, as <a href="https://www.nbcnews.com/data-graphics/dozen-egg-prices-drop-charts-data-rcna200232">reported</a> by NBC News on Thursday. This data, gathered by consumer research firm NIQ, shows that even with this decrease, the price of eggs is still 75% higher than it was a year ago, marking the largest increase among the six staple grocery items tracked by NBC News.
NIQ&#8217;s data, collected from actual checkout prices at various retail outlets, indicates that egg prices soared in early 2025 due to a bird flu outbreak in the U.S. chicken industry. This led to a significant culling of birds to control the spread of the disease.&nbsp;Data from the Agriculture Department&nbsp;and the Centers for Disease&nbsp;Control and Prevention shows that&nbsp;the number of flocks culled in March was half of those culled in February, easing the pressure on egg prices.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44699720/bitcoin-ethereum-xrp-dogecoin-extend-losses-as-white-house-hammers-chinese-goods-with-104-tariff" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Extend Losses As White House Hammers Chinese Goods With 104% Tariff &#8211; Benzinga</a>
While egg prices have seen the most significant increase over the past year, other grocery items have also become more expensive. The&nbsp;average price of a pound&nbsp;of ground beef has risen by nearly 9%, and orange juice prices have increased by almost 7%. On the other hand, the price of chicken breast meat has dropped by 2%,&nbsp;and pork bacon is down&nbsp;1.8%. The price of sandwich bread remains unchanged from March 2024.
Why It Matters: The surge in egg prices has been a hot topic in recent months. In January, the cost of a dozen eggs hit a <a href="https://in.benzinga.com/personal-finance/25/03/44147801/egg-prices-hit-record-4-95-per-dozen-agriculture-secretary-blames-overregulation-for-skyrocketing-cost">record $4.95</a>, almost double the price from a year earlier. This price hike was attributed to overregulation, according to the Agriculture Secretary. The high egg prices also contributed to a <a href="https://in.benzinga.com/25/02/43663963/record-high-egg-prices-drive-inflation-higher-in-january">rise in inflation</a> in January.
However, President Donald Trump claimed in a post on Truth Social that egg prices were &#8216;<a href="https://in.benzinga.com/markets/25/03/44449091/trump-claims-egg-prices-are-way-down-as-us-plans-imports-from-turkey-and-south-korea">WAY DOWN&#8217; from the "Biden inspired prices</a>" just weeks ago. This claim came as the U.S. planned to import eggs from Turkey and South Korea.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next: <a href="https://benzinga.com/markets/25/04/44679811/bearish-investor-warns-of-80-stock-market-crash-says-the-current-market-drop-is-a-trap-i-just-dont-think-" target="_blank" rel="noreferrer noopener">Bearish Investor Warns Of 80% Stock Market Crash, Says The Current Market Drop Is &#8216;A Trap&#8217;: &#8216;I Just Don&#8217;t Think This Is It&#8217;</a>
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Commodities

US Egg Prices Fall In March After Six-Month Surge — But Still Up 75% From A Year Ago

Investors are baffled as U.S. Treasuries sink for the third consecutive day, and yields continue to rise across the curve, defying a long-standing market pattern during periods of stress. This is fueling speculations and concerns as the one safe haven during times of crisis now seems to be losing its luster.
What Happened: On Tuesday, the former CEO of bond giant PIMCO, Mohamed A. El-Erian shared what he called an &#8220;interesting observation&#8221; by Mike Bird, an editor at The Economist, on X.
The only other times when the S&amp;P 500 (INDEXSP: .INX) dropped more than 10% within 4 days, and two-year treasury yields dropped less than they have now was during the bear markets of 2011 and 2015, when &#8220;interest rates were already at zero,&#8221; Bird wrote, before adding that it is &#8220;really stark just how much of a bind that Fed is in.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Interesting observation by Mike Bird. <a href="https://twitter.com/hashtag/economy?src=hash&amp;ref_src=twsrc%5Etfw">#economy</a> <a href="https://twitter.com/hashtag/markets?src=hash&amp;ref_src=twsrc%5Etfw">#markets</a> <a href="https://twitter.com/Birdyword?ref_src=twsrc%5Etfw">@Birdyword</a> <a href="https://t.co/BfpuzUYfNj">https://t.co/BfpuzUYfNj</a>
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1909759323628347431?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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The 2-year note that yielded 3.9% on the day that tariffs were announced, now yields 3.78%, a 0.12-point drop, which pales in comparison to other periods in recent history when equity markets faced a similar rout.
Yields have continued to spike since this was posted, with the 10-year note now yielding 4.40%, up 55 basis points over the past 48 hours, and the 30-year treasury notes, on the other hand, hit 5% late last night, before retreating to 4.90%.
See More: <a href="https://www.benzinga.com/news/25/04/44705011/steve-eisman-of-big-short-fame-says-no-amount-of-fundamental-research-can-help-navigate-trumps-tariff-war-throw-it-out-of-the-window">Steve Eisman Of &#8216;Big Short&#8217; Fame Says No Amount Of Fundamental Research Can Help Navigate Trump&#8217;s Tariff War, &#8216;Throw It Out Of The Window&#8217;</a>
Why It Matters: Long-term rates are now considerably higher than they were on <a href="https://www.benzinga.com/markets/25/04/44621408/market-access-has-a-price-trump-unveils-list-of-tariffs-countries-targeted">Liberation Day</a> last week, meaning that they are now of no help in servicing the government&#8217;s massive debt burden. 
X has since been abuzz with chatter that this is China dumping its US Treasury holdings, which stand at over $760 billion. Venture capitalist Chamath Palihapitiya <a href="https://x.com/chamath/status/1909711759101116823">commented</a> on the platform on Tuesday &#8220;I'm hearing they are dumping [U.S. Treasuries] to try and move rates to shift narrative and make our upcoming Treasury auctions more expensive.&#8221;
Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) analysts believe that the appeal of U.S. assets is eroding among foreign investors, before adding that &#8220;foreign officials have taken a number of actions to attempt to reduce their reliance on the dollar,&#8221; reported Reuters.
Mark M. Zandi, the Chief Economist at Moody&#8217;s Analytics told ResiClub, a newsletter on the U.S. housing market, that he suspects the sharp rise in yields is due to &#8220;hedge funds selling treasury bonds to raise cash to meet margin calls on their equity holdings.&#8221;
Other prominent voices have since piled on, with the renowned Peter Schiff mincing no words as usual when tweeting about this just a few hours ago.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As I warned earlier, the Treasury market is crashing. The yield on the 10-year just hit 4.5%, and the yield on the 30-year just hit 5%. Without an emergency rate cut tomorrow morning and the announcement of a massive QE program, tomorrow could be a 1987-style stock market crash.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1909822222534955101?ref_src=twsrc%5Etfw">April 9, 2025</a></blockquote>
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Schiff stated that &#8220;Without an emergency rate cut tomorrow morning and the announcement of a massive QE program, tomorrow could be a 1987-style stock market crash.&#8221;
Photo Courtesy: Harun Ozmen On Shutterstock.com
Read More: <a href="https://www.benzinga.com/markets/equities/25/04/44704930/trump-says-he-warned-tsmc-of-100-tariff-if-it-doesnt-manufacture-in-us-these-chip-companies-are-loaded">Trump Threatened TSMC He&#8217;d Impose Up To 100% Tariffs If It Didn&#8217;t Manufacture Chips In US: &#8216;These Chip Companies Are Loaded&#8217;</a>

Government

US Treasuries Defiant Run Amid Trump Tariff Turmoil Puzzles Investors— Hedge Funds Selling Or China Dumping?

The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday.
U.S. stocks settled lower on Tuesday, with the Dow Jones index falling more than 300 points during the session after White House Press Secretary Karoline Leavitt confirmed that President Donald Trump&#8217;s retaliatory 104% tariff on Chinese imports would take effect at 12:01 a.m. ET Wednesday.
Among the Magnificent Seven, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) turned sharply lower, down 5%, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shed 4.9% and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) slipped 2.6%. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares also dropped 1.4% during the session.
Walgreens Boots Alliance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) on Tuesday reported better-than-expected earnings for its second quarter.
On the economic data front, the NFIB Small Business Optimism Index declined 3.3 points to a reading of 97.4 in March, recording its weakest level since October 2024 and down from market estimates of 101.3.
All sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, materials, and energy stocks recording the biggest losses on Tuesday.
The Dow Jones closed lower by around 320 points to 37,645.59 on Tuesday. The S&amp;P 500 fell 1.57% to 4,982.77, while the Nasdaq Composite dipped 2.15% to 15,267.91 during Tuesday's session.
Investors are awaiting earnings results from Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), The Simply Good Foods Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMPL#NASDAQ">SMPL</a>), and Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 3.8, the index remained in the &#8220;Extreme Fear&#8221; zone on Tuesday, versus a prior reading of 4.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Dow Dips Over 300 Points As US-China Trade Tensions Escalate: Apple, Tesla, Nvidia, Amazon Decline, Greed Index Remains In 'Extreme Fear' Zone

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Adtran And 6WIND Join Forces To Replace Legacy BNG Hardware With Carrier-Grade, Software-Defined Network Solutions

In a biography by Stephen Witt, &#8220;The&nbsp;Thinking Machine: Jensen Huang, Nvidia,&nbsp;and the World&#8217;s Most Coveted Microchip,&#8221; readers are given a peek into the life and career of&nbsp;Nvidia&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO, Jensen Huang.&nbsp;
What Happened: Launched in the U.S. on April 8, Witt&#8217;s book narrates Nvidia&#8217;s transformation from a secondary player to a leading figure in the AI revolution. It uncovers Huang&#8217;s rigorous leadership style, which encourages large meetings for collective learning through the dissection of the team&#8217;s work, reported <a href="https://www.businessinsider.com/nvidia-ceo-jensen-huang-stephen-witt-thinking-machine-book-biography-2025-4">Business Insider</a>.
The book also compares Huang&#8217;s AI strategy with other tech leaders like Tesla CEO Elon Musk and OpenAI&#8216;s Sam Altman. When the author asked Huang to demonstrate the future that he&#8217;s building. Huang responded, &#8216;I feel like you&#8217;re interviewing Elon right now, and not me.&#8217; Speaking about Musk and Altman, Huang told his biographer, Jensen, like, &#8216;I&#8217;m going to just build the hardware these guys need, and see where it&#8217;s going.&#8221;
The biographer contrasts Musk and Huang&#8217;s approaches to innovation. Elon starts with a bold, science fiction-like vision, such as standing on Mars, and then works backward to figure out the technology needed to achieve it. In contrast, Jensen focuses purely on practical, present-day challenges, building forward logically from what&#8217;s in front of him without relying on futuristic visions.
 Huang &#8220;hates science fiction,&#8221; Witt told BI.
Witt also revealed that despite being very good at it, Huang genuinely hates public speaking, interviews, and onstage presentations. It makes him nervous and stressed, especially now that GTC has become a big event.
Why It Matters: Witt&#8217;s book offers a captivating glimpse into the mindset of one of the tech industry&#8217;s longest-serving CEOs and the culture at Nvidia, a company at the forefront of the AI revolution.
Huang <a href="https://www.benzinga.com/25/02/43995198/jensen-huang-wants-nvidia-and-him-to-be-remembered-for-making-an-extraordinary-impact-as-the-chip-giant-continues-to-expand-its-legacy">envisions Nvidia</a>&#8216;s legacy as a transformative force in technology, impacting industries beyond gaming. This vision aligns with the pragmatic approach to AI outlined in Witt&#8217;s book. Huang&#8217;s approach focuses on building on the existing technology rather than speculating about the future, according to Witt.
However, the tech<a href="https://www.benzinga.com/25/04/44643859/elon-musk-mark-zuckerberg-and-jensen-huang-lose-34-billion-heres-how-much-other-magnificent-7-billionaires-lost-after-trumps-liberation-day"> industry is volatile</a>, as seen in April when Huang, along with other top billionaires, lost nearly $34 billion after Trump&#8217;s Liberation Day. This volatility underscores the importance of Huang&#8217;s pragmatic approach to AI and Nvidia&#8217;s future.
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<li>READ MORE:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/04/44696126/trump-administration-shuts-down-the-department-of-justices-crypto-crime-unit" target="_blank" rel="noreferrer noopener">Trump Administration Shuts Down The Department Of Justice&#8217;s Crypto Crime Unit</a></li>
</ul>
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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.

Nvidia's Jensen Huang Doesn't Want To Be Elon Musk, Reveals His Biographer: 'He Hates Science Fiction'

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