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Tigo Energy

Tigo Energy Inc designs solar power conversion and storage products that provide customers with more choice and flexibility. Its mission is to deliver smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Geographically the company generates revenue from EMEA, Americas, and APAC.

Tigo Energy Inc

Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) issued a forceful denial days after China's cyberspace regulator summoned the company over alleged "tracking and positioning" risks in H20 AI chips newly cleared for some exports, calling hidden controls nonexistent and dangerous.
What Happened: "There are no back doors in Nvidia chips. No kill switches. No spyware. That's not how trustworthy systems are built — and never will be," wrote Chief Security Officer David Reber Jr. in a blog post <a href="https://blogs.nvidia.com/blog/no-backdoors-no-kill-switches-no-spyware/">penned</a> last week.
Reber argued that any secret access to remotely disable hardware or spy on usage would inevitably be turned against its creator. "There is no such thing as a ‘good' secret backdoor — only dangerous vulnerabilities that need to be eliminated," he wrote, adding that hard-coded, single-point controls would be "a gift to hackers and hostile actors."
Why It Matters: The post followed a partial U.S. rollback of export curbs on Nvidia's H20 accelerators to China and Beijing's ensuing scrutiny. China's Cyberspace Administration <a href="https://www.benzinga.com/markets/tech/25/07/46749624/china-questions-nvidias-ai-chip-as-us-export-controls-stoke-tensions">asked the chipmaker to explain</a> potential "back doors," while U.S. officials simultaneously examined ways to better track where advanced accelerators end up.
See Also: <a href="https://www.benzinga.com/markets/tech/25/08/47022558/trump-wanted-intel-ceo-out-now-lip-bu-tan-is-heading-to-the-white-house-on-monday-report">Trump Wanted Intel CEO Out, Now Lip-Bu Tan Is Heading To The White House On Monday: Report</a>
Policy debates in Washington are sharpening. A &#8216;Chip Security Act&#8217; under discussion would embed location verification for export-controlled AI chips and some high-end consumer GPUs. Rep. Bill Huizenga (R-Mich.), a sponsor, <a href="https://www.washingtonpost.com/technology/2025/08/06/nvidia-under-pressure-us-china-says-its-chips-have-no-back-doors/">told</a> the Washington Post the measure wouldn't require "spyware" or "kill switches," calling claims to the contrary "disingenuous."
Enforcement pressure is rising, too. The Justice Department last week charged two Chinese nationals with allegedly smuggling tens of millions of dollars' worth of restricted GPUs to China through third countries.
Price Action: Nvidia stock closed higher by 1.06% to $182.74 on Friday.
According to Benzinga's Edge Stock Rankings, Nvidia continues to exhibit strong upward momentum across short, medium and long-term timeframes. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance metrics can be found here</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img loading="lazy" decoding="async" width="1024" height="151" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08074242/image-150-1024x151.png" alt="" class="wp-image-1020267" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08074242/image-150-1024x151.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08074242/image-150-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08074242/image-150-768x114.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08074242/image-150.png 1380w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Photo Courtesy: Saulo Ferreira Angelo on Shutterstock.com
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Equities

Markets

Tech

NVDA

Nvidia Says There Are No 'Backdoors' In Its Chips As Beijing Demands Answers: 'No Kill Switches, No Spyware'

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) have reportedly agreed to pay 15% of their China chip sales revenues to the U.S. government as part of their deal <a href="https://www.benzinga.com/markets/tech/25/07/46714971/why-usa-allow-nvidia-ship-h20-ai-chips-china">for export licenses</a>.
<h2 class="wp-block-heading">The Unusual Deal Between US Chipmakers And The Trump Administration</h2>
Nvidia and AMD, two of the leading chipmakers in the world, have entered into an unprecedented agreement with the Donald Trump administration, agreeing to give 15% of their revenues from chip sales in China to the U.S. government, <a href="https://www.ft.com/content/cd1a0729-a8ab-41e1-a4d2-8907f4c01cac">reported</a> the Financial Times on Sunday, citing people familiar with the matter, including a U.S. official.
This deal was reportedly a condition for receiving export licenses, allowing both companies to sell their advanced AI chips, the H20 and MI308, to the Chinese market.
See Also: <a href="https://www.benzinga.com/markets/tech/25/08/46885469/amd-ceo-lisa-su-says-china-strategy-rebounding-as-mi308-ai-chips-await-us-license-better-position-than-we-were-ninety-days-ago">AMD CEO Lisa Su Says China Strategy Rebounding As MI308 AI Chips Await US License: &#8216;Better Position Than We Were Ninety Days Ago&#8217;</a>
<h2 class="wp-block-heading">Security Concerns And Political Fallout</h2>
The arrangement has sparked controversy, particularly among U.S. security experts who worry that the chips, particularly the H20, could be used by China's military, thereby undermining U.S. strategic interests in artificial intelligence.
Liza Tobin, a former National Security Council official, stated, "Beijing must be gloating to see Washington turn export licenses into revenue streams," the report said.
Despite these concerns, Nvidia defended the decision, with a company spokesperson telling the publication, "We follow rules the U.S. government sets for our participation in worldwide markets."
Nvidia CEO Jensen Huang, who last month <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">met with President Trump</a>, highlighted the importance of remaining competitive in China.
<h2 class="wp-block-heading">Nvidia, AMD&#8217;s Market Position And Growing Competition</h2>
The move also highlights the <a href="https://www.benzinga.com/markets/tech/25/06/45855054/nvidias-jensen-huang-once-called-huawei-chinas-most-formidable-tech-company-but-ceo-ren-zhengfei-says-its-chips-still-lag-behind-us-rivals">growing competition</a> Nvidia and AMD face from Chinese chipmakers like Huawei Technologies and Cambricon.
Analysts predict that Nvidia's market share in China's AI chip <a href="https://www.benzinga.com/markets/tech/25/08/46824951/rising-competition-in-china-threatens-nvidias-comeback">sector will decline</a> in 2025, largely due to local companies' aggressive growth and the impact of U.S. sanctions.
Price Action: Over the past five days, Nvidia shares have risen 4.30%, while AMD has slipped 0.95%. Year to date, Nvidia is up 32.12% and AMD has climbed 43.31%, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Benzinga's Edge Stock Rankings indicate that AMD maintains a strong upward price trend across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'">Additional performance details are available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound'"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/10225314/Screenshot-2025-08-11-at-8.21.26%E2%80%AFAM.png" alt="" class="wp-image-1021676" /></a></figure>
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Photo Courtesy: Richtostock on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Nvidia And AMD Reportedly Agree To Pay 15% Of China Chip Revenues To Trump Administration For Export Licenses: 'Beijing Must Be Gloating'

Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)&nbsp;reiterated the necessity for strong cryptocurrency regulation Sunday, criticizing the current method as a corporate giveaway that &#8220;supercharges&#8221; President Donald Trump&#8217;s corruption.
<h2 class="wp-block-heading">Don&#8217;t Need Regulation Written By Crypto Industry, Says Warren</h2>
Warren posted her interview with MSNBC, in which she discussed the current state of cryptocurrency legislation.
&#8220;Look, we need crypto regulation, but we don&#8217;t need the regulation written by the crypto industry that supercharges this kind of corruption,&#8221; Warren argued. &#8220;We need regulation that limits the corruption in the ability of elected officials to trade in it.&#8221;
The senator also voiced concerns about the potential misuse of cryptocurrency by &#8220;terrorists and drug traffickers&#8221; and the need for strong consumer protection in the law.
The White House didn&#8217;t immediately return Benzinga&#8217;s request for comment.
<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">We need strong crypto regulation – not an industry giveaway that puts our economy at risk and supercharges President Trump's corruption. <a href="https://t.co/6sVbwMiSFf">pic.twitter.com/6sVbwMiSFf</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1954664143979524138?ref_src=twsrc%5Etfw">August 10, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/08/47021434/peter-thiel-once-said-bitcoin-was-systematically-underestimated-for-years-does-this-still-hold-true-today" target="_blank" rel="noreferrer noopener">Trump Targets Banks For Crypto Bias, Scaramucci Flags &#8216;Ethereum Killer,&#8217; Kiyosaki Slams &#8216;Marxist Fed&#8217; As BTC Booms — This Week In Crypto</a>
<h2 class="wp-block-heading">Warren&#8217;s Persistent Criticism Of GENIUS, CLARITY Bills</h2>
Warren&#8217;s remarks echoed her <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">earlier criticisms of cryptocurrency-related bills</a>, including the GENIUS Act and the CLARITY Act. She previously stated that these bills fail to address corruption, particularly concerning Trump&#8217;s family&#8217;s ventures, such as the&nbsp;Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) memecoin and the&nbsp;USD1&nbsp;<a href="https://www.benzinga.com/news/politics/25/07/46410017/elizabeth-warren-says-convicted-felon-leveraged-trump-familys-crypto-interests-for-pardon-senator-makes-scathing-comments-on-binance-co-founder" target="_blank" rel="noreferrer noopener">dollar-pegged stablecoin</a>.
The senior lawmaker also <a href="https://www.benzinga.com/news/politics/25/07/46626113/elizabeth-warren-on-democrats-support-of-crypto-bills-long-bipartisan-tradition-of-helping-out-industry-instead-of-working-for-average-american">criticized Democratic lawmakers&#8217; support for the cryptocurrency bills</a> and the prioritization of industry interests over public demands for a fair economy and affordable living.
Trump reported incomes<a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45966444/donald-trump-jr-says-his-father-doesnt-touch-the-family-backed-crypto-company-despite-disclosure-of-57-million-income" target="_blank" rel="noreferrer noopener">&nbsp;exceeding $57 million</a>&nbsp;from&nbsp;World Liberty Financial, the firm behind USD1, in his latest disclosure. When asked about the meme coin, Trump&nbsp;<a href="https://in.benzinga.com/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked" target="_blank" rel="noreferrer noopener">refuted claims</a>&nbsp;that he is financially benefiting from the venture.
Read Next:&nbsp;
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Photo: Shutterstock/Sheila Fitzgerald
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

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

Cryptocurrency

$TRUMP

Elizabeth Warren Says Current Crypto Regulation 'Supercharges' Trump's 'Corruption' And Puts 'Economy At Risk'

Japan&#8217;s Softbank Group Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) is reportedly in talks with major U.S. investment banks regarding an initial public offering for its payments platform, PayPay. 
Softbank is testing its 52-week high. <a href="https://www.benzinga.com/quote/SFTBY" target="_blank" rel="noreferrer noopener">See the chart here.</a>
<h2 class="wp-block-heading">A $2 Billion Offering</h2>
The banks leading the preparations include Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Mizuho Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), according to a Reuters report.
The company is expected to raise more than $2 billion from the offering, which could conclude as early as the last quarter of this year, according to sources familiar with the matter.
See Also: <a href="https://www.benzinga.com/m-a/25/08/46848974/openai-palo-alto-softbank-deals-power-2-6-trillion-global-ma-boom-biggest-since-2021-pandemic-peak">OpenAI, Palo Alto, SoftBank Deals Power $2.6 Trillion Global M&amp;A Boom—Biggest Since 2021 Pandemic Peak</a>
PayPay is a dominant player in the Japanese payments landscape, having played a vital role in encouraging consumers to move away from their preference for cash and toward its mobile app.
PayPay&#8217;s ownership is currently split between Softbank, its Vision Fund investment arm and LY Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/YAHOY#OTC">YAHOY</a>) — a company formed by the merger of Yahoo Japan Corporation and LINE Corporation, which is jointly owned by Softbank and South Korea&#8217;s Naver Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NHNCF#OTC">NHNCF</a>).
Softbank did not immediately respond to Benzinga&#8217;s requests for a comment on this matter. This story will be updated as soon as we hear back.
<h2 class="wp-block-heading">Softbank&#8217;s Biggest Offering Since 2023</h2>
This would mark the Japanese conglomerate&#8217;s <a href="https://www.benzinga.com/news/large-cap/23/09/34593085/is-arm-a-buy-after-record-ipo-ceo-insights-ongoing-lawsuit-and-financials">biggest offering since</a> the IPO of Arm Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) in 2023, which raised $5 billion, at a $54 billion valuation. 
It was, however, significantly lower than Softbank&#8217;s initial expectations for a <a href="https://www.benzinga.com/news/23/09/34552899/investor-frenzy-over-arms-ipo-pushes-valuation-to-new-heights-could-skyrocket-to-54b">$70 billion valuation</a>, owing to a decline in profits leading up to the offering.
Shares of the chip designer have since rallied over 128%, following its blockbuster IPO, which was at the time the largest since Rivian Automotive Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) $12 billion offering in 2021. 
Softbank&#8217;s shares were up 8.77% on Friday, closing at $47.15 per share, after the company <a href="https://www.benzinga.com/markets/equities/25/08/46990730/softbank-stock-surges-10-after-exec-teases-12-billion-openai-windfall-but-500-billion-stargate-ai-project-pitched-to-trump-hits-snags">highlighted significant gains</a> across its artificial intelligence investments, primarily from OpenAI.
Photo Courtesy: Michael Vi on Shutterstock.com
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</ul>

Large Cap

NHNCF

RIVN

SFTBY

YAHOY

SoftBank Plans Biggest US IPO Since Arm Went Public: Taps Top Wall Street Banks For A Potential $2 Billion Offering

Bitcoin gained, but altcoins pulled back from Sunday amid Federal Reserve Governor&#8217;s dovish comments on rate cuts.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:15 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+2.19%</td>
<td>$119,209.81</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.64%</td>
<td>$4,277.56</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.85%</td>
<td>$3.19</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.13%</td>
<td>$181.83</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-3.55%</td>
<td>$0.2332</td>
</tr>
</tbody>
</table>
</figure>
<h2 class="wp-block-heading">ETH&#8217;s Market Dominance Hits 8-Month High</h2>
The apex cryptocurrency ticked higher, alongside a 22% jump in trading volume over the last 24 hours.
Ethereum, which smashed past $4,300 during the weekend, corrected slightly, with trading activity contracting 25% in the 24-hour period.
ETH's market dominance sailed past 13% for the first time in eight months, while Bitcoin's market share dipped below 60%.
XRP slid 0.50%, although the third-largest cryptocurrency looked set to finish the week in the green.
Nearly $300 million was liquidated from the cryptocurrency market in the last 24 hours, with $166 million in bullish longs wiped out.
Bitcoin's open interest rose 1.36% in the last 24 hours. Meanwhile, ETH's open interest soared 26% in the last week, hitting new highs.
"Greed" sentiment strengthened in the last 24 hours, according to the Crypto Fear &amp; Greed Index, suggesting significant buying pressure.
Top Gainers (24 Hours)
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Cryptocurrency</th>
<th>Gains +/-</th>
<th>Price (Recorded at 9:15 p.m. ET)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ethena (ENA)&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.22%</td>
<td>$0.8317</td>
</tr>
<tr>
<td>Raydium (RAY)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+8.95%</td>
<td>$3.36</td>
</tr>
<tr>
<td>Lido DAO (LDO)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+7.39%</td>
<td>$1.46 </td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.98 trillion, growing by 1.19% in the last 24 hours.
<h2 class="wp-block-heading">Stocks Futures Rise As Fed Governor Backs Monetary Easing</h2>
Stock futures edged higher overnight Sunday. The Dow Jones Industrial Average Futures rose 91 points, or 0.20%, as of 8:43 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.14%, while Nasdaq 100 Futures added 0.07%.
Fed Governor Michelle Bowman, who dissented from the Committee&#8217;s decision to hold the policy rates steady last week, advocated for three rate cuts in 2025, owing to labor market weakness.
This week, investors will be watching for key inflation figures, including the consumer price index on Tuesday and the producer price index on Thursday, which might influence the Fed's monetary policy.
<h2 class="wp-block-heading">Analyst Expects &#8216;Wild Week&#8217; Ahead</h2>
Widely followed cryptocurrency analyst and trader Ali Martinez noted that despite recent highs, Ethereum may have "more room to run," according to the MVRV Ratio.
MVRV, a shorthand for Market Value to Realized Value, is a ratio used to assess the value of a cryptocurrency by comparing its current market value to its realized value. It suggests whether a cryptocurrency is undervalued or overvalued at a given time.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Market top? Not for Ethereum <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>. MVRV Extreme Values point to more room to run. <a href="https://t.co/oIeFftdmyn">pic.twitter.com/oIeFftdmyn</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1954703812922392687?ref_src=twsrc%5Etfw">August 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Michaël van de Poppe, another active cryptocurrency commentator, predicted a "wild week" for the market.
"I assume we&#8217;ll see BTC at $120,000, and then have a correction in which we&#8217;ll see a sharp drop on altcoins," the analyst said. "Ethereum showed much strength, and I think it will stall."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A wild week is coming up, as the volatility has gone up on all markets, including <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>. I assume we&#39;ll see <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> at $120K, and then have a correction in which we&#39;ll see a sharp drop on <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a>. Ethereum showed much strength, and I think it will stall = <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoin</a> fiesta.
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1954658106304090573?ref_src=twsrc%5Etfw">August 10, 2025</a></blockquote>
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Photo Courtesy: Yalcin Sonat On Shutterstock.com
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Bitcoin Rises As Fed Governor Backs Three Rate Cuts In 2025; Ethereum, Dogecoin, XRP Correct: ETH May Have More Room To Run, Says Analyst

Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) CEO Lip-Bu Tan is reportedly set to meet with President Donald Trump at the White House on Monday, after facing <a href="https://www.benzinga.com/markets/equities/25/08/46959853/trump-calls-for-highly-conflicted-intel-ceos-resignation-there-is-no-other-solution-stock-falls-nearly-4-in-pre-market">criticism over his past business</a> ties to China.
<h2 class="wp-block-heading">Trump Calls For Tan's Resignation Amid China Ties Controversy</h2>
Tan came under fire from Trump due to his alleged ties with Chinese businesses, with Trump publicly calling for Tan&#8217;s resignation.
The criticism is largely tied to Tan's leadership of Cadence Design Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), where his venture-capital firm invested in Chinese companies and his involvement in a business that had dealings with Chinese military-linked institutions.
Trump's comments came a day after he <a href="https://www.benzinga.com/markets/market-summary/25/08/47014113/weekly-market-review-apple-trump-tariffs-india-waller">exempted certain U.S. tech companies</a>, including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), from new tariffs on semiconductors, but with the condition that they increase U.S. investment.
Trump accused Tan of being "highly conflicted" and stated that there was no other solution than for him to step down.
This came after Senator Tom Cotton (R-Ark.) sent a letter to Intel seeking answers about the <a href="https://www.benzinga.com/markets/equities/25/08/46954459/intel-ceo-lip-bu-tan-faces-gop-firestorm-over-china-ties-tom-cotton-demands-answers-on-8-billion-chips-act-grant-cites-military-links">national security risks linked</a> to Tan's significant Chinese investments, expressing concerns over Intel's $8 billion federal grant under the CHIPS Act.
Also Read:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46682004/weride-and-uber-expand-robotaxi-reach-in-abu-dhabi" target="_blank" rel="noreferrer noopener">WeRide And Uber Expand Robotaxi Reach In Abu Dhabi</a>
<h2 class="wp-block-heading">Tan&#8217;s White House Visit: A Bid For Redemption?</h2>
Tan will reportedly meet with Trump to explain his personal and professional background, to gain the president's approval, <a href="https://www.wsj.com/tech/intel-ceo-singled-out-by-trump-to-visit-white-house-on-monday-10e482af">reported</a> the Wall Street Journal, citing people familiar with the matter.
Tan reportedly plans to stress the importance of Intel&#8217;s manufacturing capabilities to U.S. national security, hoping to reassure the administration of his commitment to the country.
Earlier, in a public letter to Intel employees, <a href="https://www.benzinga.com/markets/tech/25/08/46993754/intel-ceo-responds-to-trumps-call-for-resignation-over-china-ties-says-board-fully-supportive-my-reputation-has-been">Tan responded to the allegations</a> about his connections to Chinese companies and the conflict of interest raised by Trump saying, "My reputation has been built on trust."
<h2 class="wp-block-heading">Intel's Strategic Shift Amid Challenges</h2>
Tan&#8217;s leadership has faced internal resistance, including disagreements with the company's board.
Intel had promised to make substantial U.S. investments under former President Joe Biden's Chips Act, but progress on large-scale manufacturing plants in Ohio has been slower than expected, frustrating U.S. politicians, particularly those in Ohio.
Despite these challenges, Intel reported $12.86 billion in <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46617195/intel-q2-earnings-revenue-beat-eps-miss-chipmaker-sees-clear-opportunities-to-enhance-competitive-position">revenue for the second quarter</a> of 2025, surpassing analyst estimates, though it missed earnings expectations.
Price Action: Intel's shares have risen 2.31% over the past five days but remain down 1.34% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Benzinga&#8217;s Edge Stock Rankings indicate that INTC is showing a negative price trend across short, medium and long-term periods. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-4/#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">More detailed performance data is available here</a>.
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Photo Courtesy: Tada Images on Shutterstock.com
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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Trump Wanted Intel CEO Out, Now Lip-Bu Tan Is Heading To The White House On Monday: Report

Billionaire Mark Cuban once shared his thoughts on the relationship between wealth and happiness. Cuban emphasized that one&#8217;s financial status should not be the primary factor determining happiness.
Coming from a middle-class background and having experienced selling garbage bags, Cuban stressed the significance of contentment with what one possesses. 
In a post on X—known as Twitter at the time—he suggested that happiness depends more on one's perspective than on financial wealth. He said that if you&#8217;re happy when you&#8217;re poor, you&#8217;re gonna be happy when you&#8217;re rich.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If you were happy when you were poor you will be happier when you are rich. If you were miserable when you were poor you will just as miserable if you are rich. It is money. Not a puppy
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1192970850120720384?ref_src=twsrc%5Etfw">November 9, 2019</a></blockquote>
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Cuban also highlighted the potential downside, indicating that if one is unhappy when poor, wealth may not necessarily change this. 
Also Read: <a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/07/46266500/mark-cuban-says-his-children-struggle-with-the-downsides-of-his-wealth-not-that-they-want-to-be-poor-but-it-sets-an-expectation">Mark Cuban Says His Children Struggle With the Downsides of His Wealth: &#8216;Not That They Want To Be Poor, But It Sets An Expectation&#8217;</a>
He encouraged individuals to focus not only on increasing their wealth but also on their overall happiness and health.
He further advised people to assess what truly matters to them in life and make necessary adjustments, even if it means a decrease in their income. 
Cuban believes that learning to be satisfied with life is more likely to result in happiness than the balance in one&#8217;s bank or brokerage account.
Mark Cuban&#8217;s insights come at a time when the pursuit of wealth is often seen as the ultimate goal. His perspective challenges this notion, emphasizing the importance of personal happiness and health over financial status. 
His advice serves as a reminder that while wealth can provide comfort and security, it does not guarantee happiness.
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Mark Cuban's Life Hack: 'If You Were Miserable When You Were Poor You Will Just As Miserable If You Are Rich—It Is Money, Not A Puppy'

If you've ever spent your 20s pulling all-nighters, racking up student debt, and delaying every ounce of fun in the name of "the grind," you'll probably relate to one doctor's dilemma.&nbsp;
After years of sacrifice, delayed gratification, and living on hospital coffee, he finally made it. He's wealthy. He owns a home just outside a high-cost-of-living area. He drives the same car he had in residency. And now, he's thinking about getting married. But there's a catch.
As he explained in a <a href="https://www.reddit.com/r/Rich/comments/1hbciv6/marriage_versus_staying_single_from_rrich/?utm_source=share&amp;utm_medium=mweb3x&amp;utm_name=mweb3xcss&amp;utm_term=1&amp;utm_content=share_button">post on the Rich subreddit</a>, he spent "the best years of his life in medical training," and now he's wondering if tying the knot is financially wise—especially since, statistically, his future wife will likely earn less than he does. If things don't work out, he asked, what would that mean for his wealth? Could everything he built during his youth—while his peers were partying and traveling—end up divided?
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"Statistically, my future wife would make less income," he wrote, "so if it doesn't work out, what's my outlook financially?"
The responses poured in, and they weren't just from armchair philosophers. Many had the net worth—and experience—to back up their opinions.
One Redditor, also wealthy and in his thirties, put it simply: "Marriage only really works if you're both all in… the best protection you can have in marriage isn't a prenup, it's choosing a wife that values you and making sure you always value your wife."
Another added that fears of "giving half your money away" are missing the full picture. "If your spouse makes sacrifices in their life to ensure that you reach your earning potential… they are adding immense value to your life." He noted his own experience as a stay-at-home partner while his spouse advanced professionally, calling it a mutually beneficial trade-off, not a financial liability.
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Some responses were more blunt. "People who don't get married for fear of losing money are straight up pathetic," one user wrote. Another pointed out, "Most wealthy people are married. They have all this money, and they make it work. Only the poor and the middle class talk about marriage like it is financial doom."
That said, even the pro-marriage crowd didn't dismiss the financial risks. Several urged the doctor to get a prenup and to set up legal structures to protect separate assets. "Sign a prenup. Keep personal assets in a Separate Property Trust. Do your homework ahead of time," one advised. Others warned that even long-term cohabitation can lead to legal entanglements depending on the state.
There was also discussion around the idea that dual-income couples tend to build more wealth. The doctor's concern, however, wasn't about pooling resources—it was about potentially losing a chunk of his solo-built fortune if things went south with someone who earns far less or stays home.
So is it true that wealthy people who marry end up better off?
Statistically, yes. <a href="https://pubs.aeaweb.org/doi/pdfplus/10.1257/mac.20180092">Married couples tend to accumulate more wealth</a> than single people, largely because of shared expenses, tax advantages, and financial accountability. But that assumes <a href="https://www.benzinga.com/personal-finance/25/03/44173728/are-you-a-rich-couple-heres-the-net-worth-you-need-to-be-wealthier-than-95-of-households">both partners are working together toward shared goals</a>. When income is lopsided or one person walks away from their career to support the household, that dynamic gets more complex—and divorce can be costly.
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Most people who divorce take a financial hit, with <a href="https://soloparentmag.com/surprise-women-not-men-are-the-big-financial-losers-in-divorce/">women historically faring worse</a>. But in high-net-worth situations, particularly when one party is the primary breadwinner, the burden can fall heavily on the higher earner—unless there's a solid prenup, separate trusts, or postnup arrangements in place.
In short, yes—there are ways to protect yourself. But they have to be set up properly, with legal advice, and ideally well before anyone walks down the aisle. One Redditor summed it up like this: "If people are worried about a wife taking half their money, then get a pre-nup. The right wife should push you to be better and bring out the best in you too."
The thread wasn't without cynicism, but the overall takeaway was clear: the money matters—but who you choose matters more.
Still, for anyone considering marriage with serious assets on the line, <a href="https://www.benzinga.com/money/smartasset">consulting a financial advisor</a> and a family law attorney isn't just smart—it's essential. Because no matter how romantic your intentions are, "what's mine is yours" feels very different once lawyers get involved.
And for this doctor? Maybe the real diagnosis is that wealth can protect a lifestyle—but not a relationship. That part still requires risk.
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Image: Shutterstock

Doctor Says He Sacrificed His 20s To Build Wealth — Now He's Asking Other 'Rich' Men If Marriage Is Worth the Risk When She Makes Less Money

Jeff Bezos, the Amazon.com, Inc. founder, once revealed that quality rest and fewer, smarter decisions—not hustle culture—are the keys to long-term leadership success.
<h2 class="wp-block-heading">Bezos On Prioritizing Sleep And High-IQ Mornings</h2>
In a 2018 interview with billionaire investor David Rubenstein, Bezos explained why he structures his day around rest, family time, and high-quality decision-making.
"I like to putter in the morning," Bezos said, adding he reads the newspaper, drinks coffee and has breakfast with his kids.&nbsp; This is because he values mental clarity; he schedules all his mentally demanding meetings for 10 a.m. and avoids major decisions after 5 p.m.
Bezos also stressed the importance of sleep, saying he gets eight hours a night whenever possible. "I think better, I have more energy, and my mood is better," he said. "As a senior executive, you get paid to make a small number of high-quality decisions," adding that he doesn't think a person in his position should risk lower quality by being tired.
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<h2 class="wp-block-heading">Buffett's Philosophy: Fewer, Smarter Choices</h2>
Bezos cited Berkshire Hathaway CEO Warren Buffett's minimalist decision-making style as a model: "Warren Buffett says he's good if he makes three good decisions a year," adding, "I make like three good decisions a day."
He also said that Amazon's senior leaders operate with a long-term mindset and are already working on strategies that will materialize in future quarters.
"That quarter was baked three years ago," Bezos remarked when complimented on strong results. "I'm working on a quarter that'll show in 2021," he said during the interview in 2018.
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<h2 class="wp-block-heading">A Stark Contrast With Elon Musk's Approach</h2>
Bezos' philosophy <a href="https://www.benzinga.com/news/23/05/32392915/sleepless-billionaire-ceos-do-you-get-more-sleep-than-elon-musk-and-jeff-bezos">stands in sharp contrast</a> with Tesla Inc. CEO Elon Musk, who has said he works over 120 hours a week and gets just six hours of sleep a night. Musk's sleep-deprived grind has become legendary—but it's not without risks.
Medical research, including a 2017 study in the journal Annals of Neurology, shows that sleep deprivation can impair decision-making and increase risk-taking.
Bezos joins a group of successful figures, including Albert Einstein and Winston Churchill, who championed sleep as essential. While hustle culture persists, his message is clear: Great leadership isn't about burning out—it's about being present, sharp, and forward-thinking.
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Jeff Bezos Once Said Great Leaders Need More Sleep, Not More Hours — Amazon Founder Then Explained His Point Using This Warren Buffett Rule

Bill Gates didn't just drive innovation—he drove the morning carpool, too.
Years before divorce headlines and billion-dollar settlements, Bill and Melinda Gates were <a href="https://www.benzinga.com/personal-finance/management/25/07/46428914/bill-gates-kids-wont-inherit-his-billions-now-his-ex-wife-is-doubling-down-on-tough-love">navigating life as two working parents</a> with a preschooler and a toddler. And while the world knew him as Microsoft's famously intense CEO, at home, he was quietly doing something far less expected: weekday kindergarten drop-off.
In a 2019 <a href="https://www.businessinsider.com/microsoft-bill-melinda-gates-drive-daughter-to-school-2019-4">interview with Business Insider</a>, Melinda Gates reflected on that chapter of their marriage. Their daughter Jennifer—now an accomplished equestrian and mother herself—was just starting school, and the couple had picked a campus that wasn't exactly around the corner.
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"It was a good drive away from our house," Melinda said. "And I was making the argument that there were going to be so many years of driving. Maybe we just wait and put her in that school when she was a little bit older."
But Bill wasn't having it.
"He was really quite adamant that he thought we should start then," she recalled. "And he said, ‘I'll drive them.' And I said, ‘You'll drive?'"
Yes—that Bill Gates. The one running one of the most powerful companies in the world. He committed to the commute, even though it meant a long loop back past home to make it to Microsoft headquarters.
And other parents noticed.
"A few weeks into the school year, some other moms sidled up to me and they said, ‘Hey, do you see what's changing in the classroom?'" Melinda said. "I'm seeing more dads dropping off kids," she replied. The moms nodded.
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"They're like, ‘Yeah, we went home and we told our husbands, If Bill Gates, who's the CEO of Microsoft right now, can drive his kid to school, so can you!'"
What started as a small family negotiation ended up shifting expectations—one Volvo at a time.
Melinda said she hadn't realized their household choices were quietly modeling a more equitable version of parenting. But they were. "By trying to create more balance in household chores," she noted, "we realized we were impacting other marriages."
That balance, she explained, was essential.
Melinda has spoken frequently about the toll of "unpaid" labor—things like doing dishes, packing lunches, or remembering dentist appointments—that often fall to women. "We still do family dishes," she added. "Last night was just Bill and me for dinner, and we did the dishes together."
At the time, they were still united in parenting their three children and navigating what Melinda described as a shared, values-driven home—despite having what she once called a "<a href="https://www.benzinga.com/personal-finance/25/01/42898261/bill-and-melinda-gates-say-they-raised-their-3-daughters-with-a-middle-class-upbringing-youre-not-allowed-to-tell-people-how-we-flew">very middle-class upbringing</a>" herself. The Gates children, meanwhile, were raised largely outside the spotlight, though Bill has quietly gifted them multimillion-dollar homes over the years—including buying up an entire block for Jennifer in Southern California.
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It was only in May 2021 that Bill and Melinda Gates announced their divorce, ending a 27-year marriage. The split reportedly came without a prenuptial agreement, though <a href="https://www.benzinga.com/personal-finance/25/03/44207591/bill-gates-is-a-divorced-grandpa-living-alone-in-gigantic-66000-sq-ft-home-but-wont-be-downsizing-i-cant-i-like-the-houses-i-have">settlement terms remain private</a>. What's clear is that, even amid extraordinary wealth, they once faced the same tug-of-war over routines, school schedules, and shared responsibility that many couples do.
And through it all, those morning drives paid off—not just for Melinda, who got a few mornings back, but for Bill, too.
"Bill and the kids cherished those moments in the car," she said. "Listening to music together, the conversations over many years that they had — it's a side of him that they might not have seen otherwise. It would've been a missed opportunity."
Turns out, the CEO of Microsoft didn't just shape the tech world—he helped shape a new kind of fatherhood. All before the first bell rang.
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Image: Shutterstock

Bill Gates Drove His Daughter to Kindergarten Daily — Melinda Says Moms Started Telling Their Husbands 'If CEO Of Microsoft Can…So Can You'

In the wake of President Donald Trump&#8216;s allegations of treason against former President Barack Obama, Vice President JD Vance has predicted a wave of indictments.
What Happened: On Sunday in an interview <a href="https://www.foxnews.com/video/6376764434112">with </a>Fox News Sunday Morning Futures, Vance shared his forecasts, weighing in on Trump's allegations and the possible fallout from the Epstein files.
Director of National Intelligence Tulsi&nbsp;Gabbard has presented documents&nbsp;to the Department of Justice,&nbsp;claiming that officials from Obama&#8217;s administration intentionally associated Russian interference in the 2016 presidential election with Trump. 
Gabbard challenges the intelligence community&#8217;s statement that Russia favored a Trump victory, a claim contradicted by both House and Senate investigations.
Trump has demanded that Obama be prosecuted. In response, Vance said, &#8220;I absolutely want to see indictments. Look, of course, you've got to have the law follow the facts here. You don't just indict people to indict people. You indict people because they broke the law. But if you look at what Tulsi and&nbsp;Kash Patel&nbsp;have revealed in the last couple of weeks, I don't know how anybody can look at that and say that there wasn't aggressive violations of the law,"&nbsp;
Also Read: <a href="https://www.benzinga.com/news/politics/25/07/46650646/ex-cia-officer-refutes-gabbards-claim-against-obama-we-had-intel-to-show-that-specific-goal-of-russians-was-to-get-trump-elected">Ex-CIA Officer Refutes Gabbard&#8217;s Claim Against Obama: &#8216;We Had Intel To Show That Specific Goal of Russians Was To Get Trump Elected&#8217;</a>
He also alleged that intelligence officials were circulating talking points from Hillary Clinton&#8216;s campaign to voters.
Vance voiced his opposition to this alleged manipulation, saying, &#8220;I absolutely think they broke the law. You're gonna see a lot of people get indicted for that. Here's the thing that should really bother the American people. What do you want our intelligence community to be doing? I want them to be catching bad guys.&#8221; 
&#8220;I want to be making sure that terrorists aren't gonna kill innocent American civilians. I don't want them laundering Hillary Clinton's campaign talking points into the American media and giving them this air of legitimacy. It is sick and it's disgusting," Vance added.
Why It Matters: The allegations of treason and the potential indictments that could follow are significant. They highlight the ongoing tension and political divide in the country. 
The accusations also underscore the continuing controversy surrounding the 2016 presidential election and the alleged Russian interference. 
The potential indictments could have far-reaching implications for those involved and could further intensify the political climate.
Read Next
<a href="https://www.benzinga.com/news/23/10/35478375/former-obama-official-predicts-major-rift-between-trump-and-ivanka-how-long-is-it-going-to-take-dona">Former Obama Official Predicts Major Rift Between Trump And Ivanka: &#8216;How Long Is It Going To Take Donald Trump To Attack His Daughter?&#8217;</a>
Image: Shutterstock/Shutterstock AI

Politics

Vance Predicts Numerous Indictments Following Trump's Treason Accusations Against Obama

In a move that could redefine the way users interact with their iPhones,&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly developing an enhanced version of App Intents for Siri.
Bloomberg&#8217;s Mark Gurman, in his <a href="https://www.bloomberg.com/news/newsletters/2025-08-10/apple-app-intents-voice-control-feature-for-siri-apps-ios-26-release-timing?srnd=undefined">latest </a>&#8220;Power On" report revealed that the new feature will enable users to control their apps solely with their voice. This could encompass tasks such as locating specific photos, editing and sending them, commenting on Instagram posts, or even logging into services without the need to touch the screen.
The forthcoming App Intents feature is anticipated to be a game-changer, bringing to fruition&nbsp;the vision Siri promised nearly&nbsp;15 years ago. It is also integral to Apple&#8217;s future hardware developments, including a&nbsp;smart display set for next&nbsp;year and a tabletop robot&nbsp;thereafter.
Despite its potential, the development of this feature has encountered some hurdles. Engineers are reportedly grappling with ensuring the system is compatible&nbsp;with a sufficient number of&nbsp;apps and can accurately handle high-stakes scenarios, such as those&nbsp;in health or banking apps.
Apple intends to launch the feature alongside a broader Siri infrastructure overhaul in the spring and plans to heavily market it. 
Also Read: <a href="https://www.benzinga.com/markets/tech/25/08/46817762/apples-new-answers-team-developing-chatgpt-rival-iphone-17-pro-spotted-in-san-francisco">Apple&#8217;s New &#8216;Answers&#8217; Team Developing ChatGPT Rival, iPhone 17 Pro Spotted In San Francisco</a>
However, despite some internal apprehensions, testing is currently being conducted with select third-party apps, including Uber, AllTrails, Threads, Temu, Amazon, YouTube, Facebook, WhatsApp, and even a few games, in addition to Apple&#8217;s own apps.
The introduction of the new Siri voice-control feature underscores Apple&#8217;s commitment to enhancing user experience and staying ahead in the competitive tech landscape. 
This development could potentially revolutionize the way users interact with their devices, making them more accessible and user-friendly. However, the challenges faced in its development highlight the complexities involved in integrating voice-control features across various apps and ensuring their accuracy, particularly in high-stakes scenarios. 
This development is a testament to Apple&#8217;s innovative spirit and its relentless pursuit of technological advancement.
Read Next
<a href="https://www.benzinga.com/trading-ideas/technicals/25/07/46510551/apples-first-foldable-iphone-a-game-changer-or-just-catching-up" target="_blank" rel="noreferrer noopener">Apple's First Foldable iPhone: A Game-Changer or Just Catching Up?</a>

Apple's New Siri Voice-Control Feature Could Revolutionize User Experience

Changpeng Zhao, the founder of the cryptocurrency exchange Binance, is seeking a pardon from President Donald Trump for money-laundering violations.
What Happened: Zhao has been out of prison for two years and is now pushing for a pardon,&nbsp;backed by a sophisticated influence&nbsp;operation. 
Zhao&#8217;s campaign is notable even in a time when many seeking pardons are paying substantial&nbsp;fees to lobbyists and lawyers&nbsp;with connections to President Trump.
The implications of Zhao&#8217;s pardon could be significant for the cryptocurrency industry.&nbsp;Zhao and his team are&nbsp;employing a variety of strategies that have previously helped wealthy interests secure preferential treatment from President Trump. 
Publicly, Zhao has praised the president&#8217;s crypto policies in podcast interviews.&nbsp;Behind the scenes, his team&nbsp;has hired lobbyists with ties&nbsp;to Trump&#8217;s circle.
As per the report <a href="https://www.nytimes.com/2025/08/09/us/politics/changpeng-zhao-pardon-trump.html">by </a>The New York Times, Binance&nbsp;has also fostered&nbsp;a business relationship with the&nbsp;Trumps, striking a deal that&nbsp;profited the family&#8217;s&nbsp;own crypto firm, World Liberty&nbsp;Financial. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46381943/trumps-crypto-firm-allegedly-received-covert-aid-from-binance-before-founders-pardon-plea">Trump&#8217;s Crypto Firm Allegedly Received Covert Aid From Binance Before Founder&#8217;s Pardon Plea</a>
Both&nbsp;Zhao and Binance pleaded guilty&nbsp;to serious crimes in 2023,&nbsp;admitting&nbsp;that a flawed compliance system&nbsp;allowed illicit&nbsp;actors to move money on&nbsp;the platform. However,&nbsp;the Trump administration appears to&nbsp;be considering the possibility of&nbsp;granting clemency.
The White House has received&nbsp;pardon applications from both Zhao and Binance, and according to sources, these applications are currently under review. 
The potential political fallout of a pardon for Zhao has been discussed among Trump&#8217;s advisors.
Democrats are worried that&nbsp;Trump will grant the pardons&nbsp;to reward Binance for directing&nbsp;business to World Liberty Financial,&nbsp;thereby&nbsp;paving the way for a&nbsp;more profitable partnership. Zhao has dismissed claims that Binance&#8217;s&nbsp;dealings with World Liberty are&nbsp;related to his pardon push.
Why It Matters: The pardon of Zhao could have far-reaching implications for the crypto industry. If granted, it could set a precedent for other crypto industry leaders facing similar charges. 
Additionally, it could potentially influence the Trump administration&#8217;s future policies on cryptocurrency. The pardon could also impact Binance&#8217;s business dealings, particularly its relationship with World Liberty Financial.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34663461/cryptos-next-frontier-binance-ceo-eyes-fiat-ramps-to-unlock-user-expansion">Crypto&#8217;s Next Frontier: Binance CEO Eyes Fiat Ramps To Unlock User Expansion</a>
Image: Shutterstock/Mehaniq

Binance Founder Zhao Seeks Pardon From Trump For Money-Laundering Violations

President Donald Trump has leveled allegations against Rep. Nancy Pelosi (D-Calif.) and her husband Paul Pelosi, accusing them of leveraging insider information for stock market profits.
What Happened: Trump took to his Truth Social platform on Saturday to voice his criticism of the Pelosis&#8217; stock market activities.
He referred to Nancy Pelosi as a &#8220;disgusting degenerate&#8221; and hinted that the couple&#8217;s stock market success was a result of insider information.
&#8220;Crooked Nancy Pelosi, and her very &#8216;interesting&#8217; husband, beat every Hedge Fund in 2024. In other words, these two very average &#8216;minds&#8217; beat ALL of the Super Geniuses on Wall Street, thousands of them. It's all INSIDE INFORMATION! Is anybody looking into this???&#8221; Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/115001339487533426">wrote</a>.
Trump&#8217;s remarks follow Pelosi&#8217;s recent backing of Senator&nbsp;Josh Hawley&#8217;s&nbsp;(R-MO) bill,&nbsp;now dubbed the HONEST Act. The proposed law seeks&nbsp;to ban members of Congress,&nbsp;the president, and the vice&nbsp;president from trading stocks. 
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/08/47020200/marjorie-taylor-greenes-palantir-bet-has-skyrocketed-142-since-she-bought-it">Marjorie Taylor Greene&#8217;s Palantir Bet Has Skyrocketed 142% Since She Bought It</a>
Pelosi, who has often been under fire for her profitable stock portfolio, expressed that &#8220;the&nbsp;American people deserve confidence that&nbsp;their elected leaders are serving&nbsp;the public interest — not&nbsp;their personal portfolios.&#8221;
Just last week, Pelosi dismissed any allegations regarding her stock trading as &#8220;ridiculous&#8221; during an interview on CNN&#8217;s The Lead.
Why It Matters: The allegations by Trump add fuel to the ongoing debate about the involvement of political figures in stock trading. 
The endorsement of the HONEST Act by Pelosi, who herself has been a subject of criticism for her stock market gains, signifies a shift in the stance of political leaders towards stricter regulations. 
However, the dismissal of the allegations by Pelosi indicates the complexity and sensitivity of the issue. As the debate continues, the outcome could have significant implications for the intersection of politics and finance.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/46043373/nancy-pelosis-portfolio-crushed-wall-street-hedge-funds-with-jaw-dropping-returns-last-year">Nancy Pelosi&#8217;s Portfolio Crushed Wall Street Hedge Funds With Jaw-Dropping Returns Last Year</a>
Image: Shutterstock/Alexandros Michailidis

Trump on Pelosi's Investments: 'INSIDE INFORMATION,' 'Is Anybody Looking Into This?'

The use of generative AI in online shopping is on the rise, an Adobe Analytics <a href="https://blog.adobe.com/en/publish/2025/03/17/adobe-analytics-traffic-to-us-retail-websites-from-generative-ai-sources-jumps-1200-percent">survey</a> found. The survey, which was released in March, says that retail traffic from generative AI sources has been doubling every two months since last September.
While those numbers are still low when compared to other uses of generative AI, they've been steadily rising since 2024.
Of those polled by Adobe,&nbsp; 39% of respondents said they had used generative AI for online shopping, and 53% planned to do so at some point this year.&nbsp;
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Several established platforms have introduced fashion-related tools that are helping drive some of that traffic. <a href="https://www.benzinga.com/markets/tech/25/06/46138388/try-any-outfit-at-home-before-buying-google-drops-new-ai-app">Google has Doppl</a>, a tool that allows users to create an avatar of themselves to try on potential purchases. OpenAI launched an AI Agent that can shop for users on the web, among other things, and Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is testing a similar feature with its own AI platform.
In addition to these bigger tools, a handful of fashion-oriented AI startups have popped up, revolutionizing personal style and cutting costs for retailers.
<a href="https://daydream.ing/auth/signin?returnTo=%2Fdiscover">Daydream</a> is a new addition to the fold. The platform aims to make online shopping easier by allowing users to search for items exactly the way they'd describe them to a friend. So instead of searching for something generic like "yellow dress" and then having to comb through thousands of options at varying price points, they can type in "revenge dress to wear to a party in Sicily in July" and get more tailored options.
Trending: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
According to <a href="https://www.cnn.com/2025/07/26/tech/daydream-ai-online-shopping">CNN</a>, the company has raised $50 million in its first round of funding, drawing contributions from Google Ventures and model Karlie Kloss. With over 8,000 brand partners, including major brands like Uniqulo and Gucci, the app is not reliant on ad-based rankings but rather highlights products because they're likely to be a good match for the customer.&nbsp;
<a href="https://www.fitmatch.ai/">Fit:Match</a> is another fashion AI startup in the space. The app uses a patented 3D technology to match users with clothing that flatters their body shapes. It aims to lower return rates by allowing users to see what an item will look like on them before they make a purchase. So far, the platform has <a href="https://unreasonablegroup.com/ventures/fit-match">raised over $15 million in funding</a> and is operating in 52 regions around the world.
Raspberry AI focuses on manufacturers rather than consumers, using generative AI to help brands make better decisions.
See Also: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
<a href="https://www.raspberry.ai/">Raspberry AI</a> is a platform built specifically for product design. Billing itself on its website as "the design assistant you deserve," the app can do everything from gathering and organizing trend research to creating 2D technical drawings and product images. Earlier this year, the company raised over $24 million in first-round funding and has partnered with H&amp;M, Crocs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROCS#NASDAQ">CROCS</a>), and Loft.&nbsp;
Daydream founder Julie Bornstein told CNN that it will be startups like these, not the major tech giants, that take AI shopping to the next level.&nbsp;
"They don't have the people, the mindset, the passion to do what needs to be done to make a category like fashion work for (AI) recommendations," Bornstein said. "Because I've been in this space my whole career, what I know is that having the catalogue that has everything and being able to show the right person the right stuff is what makes shopping easier."
Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Image: Shutterstock

AMZN

CROCS

Bringing AI To Fashion: These Startups Are Changing How We Approach Personal Style— And Cutting Costs For Retailers

Cathie Wood, the chief at ARK Investment Management, has offloaded approximately $28 million worth of Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares.
Wood&#8217;s funds have experienced a turbulent period recently, marked by severe losses and robust gains. Despite the market volatility, the flagship ARK Innovation ETF (ARKK) has seen a 29.7% increase year-to-date, significantly surpassing the S&amp;P 500&#8217;s 8.6% gain.
Wood&#8217;s investment approach centers around emerging high-tech companies specializing in areas such as artificial intelligence, blockchain, biomedical technology, and robotics. Despite the strategy causing major fluctuations in ARK funds&#8217; values, Wood maintains a bullish stance on the market.
Over the past week, Wood has been offloading Palantir shares as the stock reached&nbsp;a record high of $186.96&nbsp;on Aug. 8. The move follows Palantir&#8217;s strongest-ever second-quarter earnings report&nbsp;on Aug. 4. The stock&nbsp;has now risen 147.2% year to date.
Also Read: <a href="https://www.benzinga.com/markets/emerging-markets/25/08/47020200/marjorie-taylor-greenes-palantir-bet-has-skyrocketed-142-since-she-bought-it">Marjorie Taylor Greene&#8217;s Palantir Bet Has Skyrocketed 142% Since She Bought It</a>
Wood&#8217;s decision to sell likely indicates a strategy of capitalizing on profits while the stock is trading at high valuations, rather than a complete withdrawal, reports <a href="https://www.thestreet.com/investing/cathie-wood-sells-28-million-of-popular-ai-stock">The </a>Street. 
Even after the recent sales, Palantir remains one of Wood's top investments, comprising 5.04% of the ARK Innovation ETF. Wood&#8217;s decision to sell Palantir shares amidst record highs is a strategic move that aligns with her investment philosophy. 
By focusing on emerging high-tech companies, Wood has positioned ARK Investment Management to capitalize on the rapid growth and innovation in these sectors.
Despite the recent sale, Palantir remains a significant part of ARK&#8217;s portfolio, demonstrating Wood&#8217;s continued confidence in the company&#8217;s potential.
Read Next
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PLTR

ARK's Cathie Wood Sells $28 Million Palantir Shares at Record Highs

These ten large-cap stocks were the worst performers last week. Are they a&nbsp;<a target="_blank" href="https://www.benzinga.com/trading-ideas" rel="noreferrer noopener">part of your portfolio</a>?
<ol class="wp-block-list">
<li>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock lost 37.87% last week after the company reported second-quarter financial results. Multiple analysts lowered<a href="https://www.benzinga.com/trading-ideas/movers/25/08/47005487/the-trade-desk-stock-is-trading-lower-friday-whats-going-on" target="_blank" rel="noreferrer noopener"> price forecast on the stock.</a></li>
<li>Figma, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) stock fell 21.88% last week amid continued volatility <a href="https://www.benzinga.com/markets/equities/25/08/46849775/this-vc-firm-turned-an-86-million-figma-bet-into-6-billion-payday-outperforming-silicon-valley-giants" target="_blank" rel="noreferrer noopener">following its recent IPO.</a></li>
<li>Gartner, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IT#NYSE">IT</a>) stock decreased 30.82% last week after the<a href="https://www.benzinga.com/trading-ideas/movers/25/08/46871642/gartner-shares-plunge-over-27-despite-beating-q2-estimates-raising-buyback-authorization" target="_blank" rel="noreferrer noopener"> company issued soft FY25 guidance.</a></li>
<li>Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) stock slumped 23.95% last week after releasing second-quarter results. Multiple analysts lowered the <a href="https://www.benzinga.com/trading-ideas/movers/25/08/46973473/fortinet-stock-is-trading-lower-thursday-whats-going-on" target="_blank" rel="noreferrer noopener">price forecast on the stock.</a></li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock declined 23.28% last week after the company reported worse-than-expected fourth-quarter financial results, issued first-quarter EPS and adjusted EPS guidance below estimates, and <a href="https://www.benzinga.com/analyst-stock-ratings/reiteration/25/08/46912374/super-micro-slumps-as-analysts-weigh-nvidia-ai-tailwinds-against-margin-pressures" target="_blank" rel="noreferrer noopener">cut its FY26 sales guidance.</a></li>
<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) stock fell 21.23% last week following the release of its second-quarter financial results. The company announced results from its Vx-993 Phase 2 trial. Additionally, several firms cut their respective <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/46867571/weakness-in-vertex-stock-seen-as-buying-opportunity" target="_blank" rel="noreferrer noopener">price forecasts on the stock.</a></li>
<li>Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) stock slumped 19.58% last week after the company issued third-quarter <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/08/47005729/twilio-q2-ai-ramp-analysts-ai" target="_blank" rel="noreferrer noopener">guidance below estimates.</a></li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) stock fell 18.88% last week after the company<a href="https://www.benzinga.com/trading-ideas/movers/25/08/46917021/snap-stock-is-falling-wednesday-whats-going-on" target="_blank" rel="noreferrer noopener"> announced a $500 million notes offering.</a></li>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) stock decreased 17.67% last week after the company reported second-quarter results. Also, the firm announced topline results from the Phase 3 ATTAIN-1 trial evaluating <a href="https://www.benzinga.com/markets/earnings/25/08/46960692/eli-lillys-closely-watched-obesity-pill-orforglipron-shows-around-12-weight-loss-but-trails-novo-nordisk" target="_blank" rel="noreferrer noopener">orforglipron in adults with obesity.</a></li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) stock slumped 18.10% last week. The company received DOE approval to increase Calcasieu Pass LNG capacity from<a href="https://www.benzinga.com/pressreleases/25/08/b46844529/venture-global-calcasieu-pass-receives-uprate-approval-from-u-s-department-of-energy" target="_blank" rel="noreferrer noopener"> 12.0 to 12.4 million tonnes per annum.</a></li>
</ol>
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Movers

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FTNT

SMCI

SNAP

TWLO

VRTX

Gartner, Eli Lilly, And The Trade Desk Are Among Top 10 Large Cap Losers Last Week (August 4-August 8): Are The Others In Your Portfolio?

Iran has reportedly arrested 20 individuals, accusing them of espionage for Israel&#8217;s intelligence agency, Mossad, and has issued threats of execution.
What Happened: According to a report, Iran&#8217;s judiciary has detained 20 people on charges of spying for Mossad. Asghar Jahangiri, the Judiciary spokesperson, announced the arrests in Tehran, stating that there would be no mercy for the alleged spies.
Earlier this week, Rouzbeh Vadi, a distinguished Iranian nuclear scientist, was arrested and executed after being found guilty of spying for Israel. 
As per the report <a href="https://nypost.com/2025/08/09/world-news/20-alleged-mossad-spies-arrested-in-iran-amid-threat-of-execution-regime-says/">by</a> the New York Post, Vadi was blamed for leaking classified information about a colleague who was killed during the recent 12-day war between Israel and Iran.
Also Read: <a href="https://www.benzinga.com/news/politics/25/07/46264609/trump-reportedly-told-iran-it-was-ok-to-strike-back-after-us-attack-i-said-go-ahead-i-understand">Trump Reportedly Told Iran It Was OK To Strike Back After US Attack: &#8216;I Said, &#8216;Go Ahead, I Understand&#8221;</a>
Following the war and a subsequent ceasefire, Iran&#8217;s&nbsp;Parliament passed a bill in&nbsp;July, authorizing&nbsp;the death penalty for those&nbsp;found guilty of espionage, a crime&nbsp;previously punishable by life imprisonment. The law primarily targets activities associated with Israel and the U.S.
The regime of Ayatollah Ali&nbsp;Khamenei has executed at least eight individuals on espionage charges in recent months. 
Amnesty International has expressed concern over the increasing number of&nbsp;arbitrary executions and political repression&nbsp;in Iran.
Why It Matters: Iran has reportedly relocated its surviving nuclear scientists due to fears of further Israeli attacks. 
A senior Iranian official stated that these scientists are&nbsp;no longer permitted to teach&nbsp;or live in their family&nbsp;homes and have been&nbsp;moved to the capital or&nbsp;northern coastal cities.
Read Next
<a href="https://www.benzinga.com/news/politics/25/07/46648844/exiled-iranian-prince-reza-pahlavi-claims-50000-defectors-have-joined-his-movement-to-topple-tehran-regime">Exiled Iranian Prince Reza Pahlavi Claims 50,000 Defectors Have Joined His Movement To Topple Tehran Regime</a>
Image: Shutterstock/Anelo

Global

Twenty Suspected Mossad Spies Arrested in Iran

Shaquille O&#8217;Neal once opened up about the personal challenges he faced in the aftermath of his divorce, attributing his feelings of loneliness to his own mistakes. O&#8217;Neal has said that divorce from Shaunie Henderson left him <a href="https://www.benzinga.com/general/sports/24/11/42026306/nba-legend-shaqs-daughter-breaks-silence-on-dads-career-defying-family-expectations-its-a-no-go-for-me">struggling with the loss of family life</a>.
During <a href="https://www.youtube.com/watch?v=m3vozVLCYwo&amp;list=WL&amp;index=18">an</a> interview, he said that the quiet and emptiness of his 76,000 square foot mansion served as a stark reminder of the absence of his partner and the sporadic presence of his children.
&#8220;I don&#8217;t make excuses. I know I messed up and when I didn&#8217;t have that, I was lost. A 76,000 square foot house, by yourself lost, no kids. Go to the gym, nobody playing in the gym. You go to the room, nobody&#8217;s there, you start to feel it. And as you&#8217;re getting older and you hear, &#8216;Shaq ain&#8217;t Shaq no more,&#8221; O&#8217;Neal admitted.
Despite his successful career and substantial wealth, O&#8217;Neal found himself facing a crisis of fatherhood. &#8220;I said to myself, &#8216;Okay,&nbsp;you are not married, but&nbsp;you have to protect and&nbsp;provide for this family,&#8221; he stated, recognizing his need to step up as a parent.
Also Read: <a href="https://www.benzinga.com/general/sports/25/04/45027895/why-shaq-wont-share-his-500-million-fortune-with-his-kids-we-aint-rich-im-rich-im-not-going-to-hand-it-to-you-you-gotta-earn-it">Why Shaq Won&#8217;t Share His $500 Million Fortune With His Kids: &#8216;We Ain&#8217;t Rich. I&#8217;m Rich. I&#8217;m Not Going to Hand It to You, You Gotta Earn It&#8217;</a>
The early 2010s marked a time of transformation for O&#8217;Neal. He shifted his focus from being a basketball legend to being a consistent figure in his children&#8217;s lives. 
The Hall of Famer concedes that this period of solitude compelled him to reflect honestly on his actions and learn discipline, responsibility, and maturity.
O&#8217;Neal&#8217;s candid revelations shed light on the personal struggles faced by many individuals following a divorce, regardless of their public success or wealth. 
His journey of self-reflection and growth underscores the importance of family and the pivotal role of parenthood. It also serves as a reminder that personal transformation is possible, even in the face of adversity.
Read Next
<a href="https://www.benzinga.com/general/sports/25/03/44348149/shaq-once-spent-1-million-in-a-day-on-luxury-then-realized-taxes-took-a-huge-cut">Shaq Once Spent $1 Million in a Day on Luxury, Then Realized Taxes Took a Huge Cut</a>

Shaquille O'Neal Admits Family Mistakes Left Him Lonely in 76,000-Square-Foot Home: 'I Know I Messed Up And When I Didn't Have That, I Was Lost'

What does it take to achieve financial success? Each person has a different opinion, but the general idea of saving and investing holds true. The more you earn, save, and invest, the better you will do.&nbsp;
However, there are a few key signs that can help people gauge their financial health. Financial personality Humphrey Yang recently laid out a <a href="https://www.tiktok.com/@humphreytalks/video/7534769811155373342?lang=en">four-point checklist</a>. You'll either feel good about your finances after seeing this checklist or know what actions you have to take to put yourself in a better spot.&nbsp;
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<h2 class="wp-block-heading">You Can Cover A $1,000 Emergency Expense</h2>
Yang starts his checklist by saying that it's good if you can cover a $1,000 emergency expense. You never know when a surprise expense may show up, and it's better to use your checking account to pay it off than resort to a personal loan.
As a bonus, you can put the money in a high-yield savings account. That way, the money is growing at a respectable rate while generating risk-free returns.&nbsp;
Yang mentioned that 59% of people cannot pay a $1,000 emergency expense. If you are in that position, you may want to review your monthly expenses and look to put at least $100 per month into an emergency savings account. Picking up a short-term side hustle can also get you to the $1,000 threshold.
Trending: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can <a href="https://www.benzinga.com/money/mode-mobile-2">invest today for just $0.30/share.</a>
<h2 class="wp-block-heading">You Have No High-Interest Rate Debt</h2>
Having no high-interest debt is another positive sign that your finances are in a good position. Interest compounds over time, but the compounding is limited if the APR is low. Most people have to take out mortgages to buy homes, and luckily, these financial products have relatively low rates.
Some people run into financial hardships if they don't address their credit card debt. These financial products are notorious for high APRs, especially if you have low credit or recently missed a payment. You may have to make short-term sacrifices like curtailing expenses and working a part-time job to get out of credit card debt. It's better to make short-term sacrifices so you can avoid long-term financial hardships.
<h2 class="wp-block-heading">Not Buying Designer Goods And Status Symbols</h2>
The things you purchase reflect what you think about money. Yang mentioned that it is a good financial sign if you do not have any designer goods or status symbols. These purchases make you look wealthy, but fancy cars and goods don't always equate to wealth.
See Also: These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a>
Yang said it is better to build wealth quietly. Instead of showing off with a designer bag, you can put that same money into the stock market. Index funds and ETFs make it easier to buy assets without knowing intricate details about individual stocks.&nbsp;
<h2 class="wp-block-heading">Saving Close To 15% Of Your Gross Income</h2>
Yang wrapped up his four-point checklist by saying that you should save close to 15% of your gross income. Investing money early and often gives it more time to grow.&nbsp;
If you aren't saving 15% of your gross income, you can start with your current percentage and inch it up by at least 1% per year. For instance, if you saved 10% of your gross income last year, aim to save 11% of your gross income this year. You can also boost your percentage by a higher amount if you earn extra money while keeping your living costs intact.&nbsp;
The 15% benchmark is a good starting point, but it's good to aim higher. Saving 20% to 25% of your gross income and putting it in retirement and brokerage accounts can result in a sizable nest egg by the time you retire.
Read Next: $100k+ in investable assets? <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes</a> – no cost, no obligation.
Image: Shutterstock

Humphrey Yang's Four-Point Checklist for Financial Success—How Many Do You Pass?

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