Defiance Large Cap ex-Mag 7 ETF (NASDAQ: XMAG)

Ultime notizie per Defiance Large Cap ex-Mag 7 ETF (NASDAQ:XMAG)

Defiance Large Cap ex-Mag 7 ETF

Technology

Financial Services

Healthcare

Industrials

Consumer Defensive

Consumer Cyclical

Communication Services

Utilities

Energy

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Other

Basic Materials

The Fund is an exchange-traded fund that uses a passive management approach to track the performance, before fees and expenses, of the Index. The Index aims to provide a comprehensive and balanced representation of the U.S. equity market by including the largest 500 publicly traded equity securities, while specifically excluding the seven largest technology companies commonly referred to as the Magnificent 7. The Index is owned, calculated, administered, and disseminated by BITA GmbH.

Broadcom Inc

Eli Lilly And Company

Jpmorgan Chase & Co

Berkshire Hathaway Inc. B

Walmart Inc.

Visa Inc-class A Shrs

Exxon Mobil Corp

United Healthcare Corp.

Mastercard Inc

Costco Wholesale Corp

Berkshire Hathaway Inc

Procter & Gamble Company

Netflix, Inc.

Rep. Tom Suozzi (D-N.Y.) has come under scrutiny for selling up to $50,000 in Global Industrial Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) stock without prior disclosure.
What Happened: This transaction occurred just before a significant tariff announcement by President Donald Trump, according to a report <a href="https://fortune.com/2025/07/04/democratic-rep-tom-suozzis-stock-sale-loophole-congressional-disclosure/">by</a> Fortune.
Suozzi&#8217;s stock sale was not publicly disclosed due to a loophole in federal law, which has since been addressed by Congress to prevent similar incidents. Suozzi&#8217;s office stated that he adhered to the rules in place when he last filed his financial disclosures in 2024.
His Chief of Staff, Matt Fried, confirmed that Suozzi complied with House Ethics rules.
The congressman&#8217;s stock dealings have attracted attention amid a push by a bipartisan group in Congress to prohibit lawmakers from trading stocks. They argue that the current financial disclosure law, the STOCK Act, is being misused.
See Also: <a href="https://benzinga.com/crypto/25/07/46261889/bitcoins-fourth-of-july-journey-from-revolutionary-vision-to-wall-streets-darling">Bitcoin&#8217;s Fourth of July Journey: From Revolutionary Vision To Wall Street&#8217;s Darling &#8211; Benzinga</a>
Suozzi, now a member of the House Committee on Ways and Means, supports the Bipartisan Restoring Faith in Government Act of 2025, which aims to restrict stock trading by Congress members. He co-sponsored the bill in May.
Why It Matters: The issue of stock trading by lawmakers has been a contentious topic, with several recent reports highlighting questionable transactions.
For instance, <a href="https://www.benzinga.com/insights/government/25/07/46261136/congressional-trading-report-rep-scott-franklin-bought-over-27k-in-accenture-stock">Rep. Scott Franklin</a> recently purchased Accenture stock valued between $27,027 and $405,000, while <a href="https://www.benzinga.com/insights/government/25/06/46076472/congressional-trading-report-rep-robert-bresnahan-sold-over-36k-in-3m-stock">Rep. Robert Bresnahan</a> sold 3M stock valued between $36,008 and $190,000.
These transactions, along with Suozzi&#8217;s, underscore the ongoing debate about the ethical implications of congressional stock trading and the need for stricter regulations.
In May, congressional stock trades were closely monitored, but<a href="https://www.benzinga.com/content/46041903/congresss-may-stock-trades-what-they-know-that-you-dont"> no major red flags were raised</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Ron Adar / Shutterstock.com

Politics

Democratic Congressman Tom Suozzi's Stock Sale Used A Disclosure Loophole: Report

On Friday, President Donald Trump said the U.S. is <a href="https://www.benzinga.com/markets/tech/25/06/45988862/trump-extends-tiktok-divestment-deadline-again-says-xi-will-ultimately-approve-the-deal-amid-stalled-us-spinoff-talks">poised to resume negotiations</a> with China as early as Monday or Tuesday over a potential deal involving TikTok's U.S. operations.
What Happened: Speaking to reporters on Air Force One, Trump said that the U.S. "pretty much" has a deal in place for the ByteDance-owned video app, reported Reuters.
"I think we&#8217;re gonna start Monday or Tuesday&#8230; talking to China, perhaps President Xi or one of his representatives," Trump said. "We pretty much have a deal."
When asked how confident he was about Beijing&#8217;s cooperation, Trump responded, "I&#8217;m not confident, but I think so. President Xi and I have a great relationship and I think it&#8217;s good for them. I think the deal is good for China and it&#8217;s good for us."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/07/46199580/microsoft-rivian-intel-slash-jobs-in-june-tech-layoff-spree?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree</a>
Why It's Important: TikTok's fate has become a high-stakes issue at the intersection of national security, data privacy and U.S.-China trade tensions.
The original plan — which involved spinning off TikTok's U.S. assets into a new, American-controlled company — had stalled earlier this year after Trump announced sweeping tariffs on Chinese imports.
In response, China signaled it would block any forced divestment, <a href="https://www.benzinga.com/markets/tech/25/06/45988862/trump-extends-tiktok-divestment-deadline-again-says-xi-will-ultimately-approve-the-deal-amid-stalled-us-spinoff-talks">delaying the deal's progress</a>.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Last month, Trump extended the deadline for TikTok's Chinese parent company, ByteDance, to divest U.S. operations until Sept. 17. The president said a final deal would likely require China&#8217;s sign-off.
Before the widespread tariffs were announced in April, a deal appeared likely, with a group of U.S. investors — including Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) and the venture capital firm Andreessen Horowitz — <a href="https://www.benzinga.com/25/01/43198088/tiktok-ban-sparks-divide-oracle-backs-trump-while-apple-google-play-it-safe">showing interest</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: XanderSt / Shutterstock.com

Tech

ORCL

Trump Says 'We Pretty Much Have A Deal' As He Reveals US Will Resume TikTok Deal Talks With China Soon

Shaquille O&#8217;Neal, the former Los Angeles Lakers star, wants a $50 million payout from the team following its recent sale. O&#8217;Neal, who was a key player in the Lakers&#8217; success, believes he is entitled to a share of the $10 billion sale due to his contributions to the team&#8217;s victories.
What Happened: O&#8217;Neal, a four-time NBA champion, spent the majority of his career with the Lakers, winning three titles with the team. After his departure, the Lakers continued their success, with Kobe Bryant leading the team to back-to-back championships between 2008 and 2010.
The Lakers were recently sold to TWG Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWO#NASDAQ">TWO</a>) CEO Mark Walter for $10 billion, with the potential for the deal to increase. O&#8217;Neal, who was never a stakeholder, jokingly asked for a $50 million check during a recent podcast episode, citing his contributions to the team&#8217;s victories alongside Bryant and Magic Johnson.
O&#8217;Neal&#8217;s request comes after he revealed a career-defining regret in his autobiography, where he admitted to not following the advice of his coach, Phil Jackson, which could have potentially extended his career. O&#8217;Neal also disclosed that he was $80,000 in debt before playing his first NBA game, following a $1 million endorsement deal.
See Also: <a href="https://benzinga.com/25/04/44888232/trumps-top-economic-adviser-kevin-hassett-says-white-house-is-exploring-options-to-fire-fed-chair-jerome-powell-the-president-and-his-team-will-continue-to-study">Trump&#8217;s Top Economic Adviser Kevin Hassett Says White House Is Exploring Options To Fire Fed Chair Jerome Powell: &#8216;The President And His Team Will Continue To Study&#8217; &#8211; Benzinga</a>
Why It Matters: This demand for a $50 million payout is the latest in a series of financial revelations from O&#8217;Neal. Despite his successful basketball career and lucrative endorsements, O&#8217;Neal has been open about his <a href="https://www.benzinga.com/personal-finance/management/25/06/45827895/shaq-buys-a-kid-with-size-19-feet-10-pairs-of-shoes-after-hearing-hes-squeezing-into-whatever-mom-can-afford-he-had-to-do-same-for-3-years">financial struggles</a>, including his debt before his NBA debut.
This demand for a share of the Lakers&#8217; sale could be seen as a reflection of O&#8217;Neal&#8217;s financial journey, as he continues to navigate the complexities of<a href="https://www.benzinga.com/markets/25/04/44780032/shaqs-financial-wisdom-its-not-what-you-make-its-what-you-keep-and-whats-in-his-wallet-might-surprise-you"> wealth and success</a>.
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<iframe title="Spotify Embed: Bill Bellamy ROASTS Shaq For Putting S&#x2A;&#x2A;&#x2A; In A Ferrari + Shaq Wants Money From The Lakers $10B Sale" style="border-radius: 12px" width="100%" height="152" frameborder="0" allowfullscreen allow="autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture" loading="lazy" src="https://open.spotify.com/embed/episode/5nqA57iRXNbbbDUCVtdHgt?utm_source=oembed"></iframe>
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Sports

Shaquille O'Neal Wants $50 Million From Lakers Following $10 Billion Sale

Melinda French Gates has indicated that despite initially trying to save her marriage, it was Bill Gates's confirmed infidelity that ultimately pushed her to end their decades-long relationship.
What Happened: Speaking on Elizabeth Day's "How to Fail" podcast that was posted on YouTube earlier this week, French Gates opened up about the personal turmoil she endured before deciding to divorce the Microsoft Corporation co-founder.
"When that voice would come—and it would come at different times because of things that had happened outside the marriage that I would later come to learn about—I kept pushing it away," she said.
French Gates explained that she and Bill had a solid foundation and deep professional alignment through the Gates Foundation, which decided to separate even more difficult. 
See Also: <a href="https://www.benzinga.com/general/education/25/04/44838040/melinda-french-gates-talks-about-navigating-panic-attacks-and-personal-reinvention-after-microsoft">Melinda French Gates Talks About Navigating Panic Attacks And Personal Reinvention After Microsoft</a>
"I believed in that work," she said. "It wasn't just two of us involved, it was five of us," referring to <a href="https://www.benzinga.com/tech/25/05/45162723/bill-gates-daughter-phoebe-says-mom-melinda-gave-tough-love-advice-after-investors-questioned-motherhood-plans-get-up-or-get-out-the-game">their three children</a>: Jennifer, Rory and Phoebe Gates.
Still, after learning of Gates's infidelity—something he publicly acknowledged later—she said she could no longer ignore the truth. "At some point, I had to turn towards it and I just knew it and I knew it in my soul," she said.
Despite the emotional weight of the divorce, French Gates reflected on the love they once shared. "It's two people who've come together, hopefully in love — and in my case, I would definitely say that — so then the pulling it apart later is really hard."
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Why It's Important: The couple, once considered a philanthropic power duo, finalized their divorce in 2021 after 27 years of marriage.
In 2022, on the first anniversary of their divorce announcement, the Microsoft co-founder addressed allegations of an affair, admitting he "made mistakes" and taking responsibility for causing pain to his family, <a href="https://www.theguardian.com/us-news/2022/may/03/bill-gates-affair-allegations-divorce-melinda-french">reported</a> The Guardian.
He described the divorce as sad and said they are moving forward while continuing to work together. He declined to share more details about the affair.
According to the Bloomberg Billionaires <a href="https://www.bloomberg.com/billionaires/">Index</a>, French Gates has an estimated net worth of $16.6 billion, whereas Bill's net worth stands at $124 billion.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Jack Gruber-USA TODAY via Imagn

Melinda French Gates Tried To Hold It Together For The Family And Foundation—But Indicates Bill Gates's Infidelity Left Her No Choice

Billionaire entrepreneur Mark Cuban said that he believes artificial intelligence (AI) could lead to the creation of the world&#8217;s first trillionaire.
What Happened: Cuban, aged 66, predicted this during<a href="https://www.cnbc.com/2025/07/03/mark-cuban-the-worlds-first-trillionaire-could-use-ai-to-get-there.html"> the</a> "High Performance" podcast by CNBC on Sunday. He highlighted that the future trillionaire will likely be someone who innovatively harnesses AI.
He remarked, "We haven't seen the best, or the craziest, of what [AI] is going to be able to do." He also speculated that this groundbreaking innovation might emerge from an unexpected source, noting, "Not only do I think it'll create a trillionaire, but it could be just one dude in the basement."
Chipotle Mexican Grill Inc. CEO Scott Boatwright recently pointed out AI&#8217;s effectiveness in cutting down hiring time by 75%, according to Fortune. Cuban compared AI&#8217;s potential to the early days of personal computers and smartphones, predicting it will become essential.
See Also:<a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/06/45938396/mark-cuban-talks-about-his-struggles-during-his-first-company-i-didnt-take-a-vacation-for7-years"> Mark Cuban Talks About His Struggles During His First Company: &#8216;I Didn&#8217;t Take A Vacation For…7 Years&#8217;</a>
Despite AI&#8217;s promising future, Cuban acknowledged potential challenges, including job displacement and environmental impacts. He encouraged people to engage with AI tools like ChatGPT to better understand and improve them, emphasizing the importance of familiarizing oneself with this rapidly evolving technology.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
"I'm not saying that all of a sudden, there are going to be robots that are smarter than people &#8230; But we'll find ways to make our lives better," Cuban added.
Why It Matters: Mark Cuban has long been a vocal advocate for technological innovation. His insights into AI&#8217;s potential to create unprecedented wealth come amid a broader conversation about the transformative power of technology.
Cuban&#8217;s entrepreneurial journey, which began with the founding of MicroSolutions at age 24, underscores his belief in hard work and innovation as keys to success. He has previously shared his struggles, including<a href="https://www.benzinga.com/personal-finance/entrepreneurship/25/06/45938396/mark-cuban-talks-about-his-struggles-during-his-first-company-i-didnt-take-a-vacation-for7-years"> not taking a vacation for seven years</a> while building his first company.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joe Seer / Shutterstock.com

Mark Cuban Predicts AI Will Create The First Trillionaire And 'It Could Just Be One Dude In The Basement'

The US Air Force has decided to halt a project with SpaceX, the aerospace company led by Elon Musk. The project, which involved testing hypersonic rocket cargo deliveries from a remote Pacific atoll, has been suspended due to environmental concerns.
What Happened: The US Air Force has put a stop to its plans with SpaceX to conduct hypersonic rocket cargo delivery tests from the Johnston Atoll, a remote Pacific atoll. According to a Reuters report, this decision comes in the wake of concerns raised by biologists and experts about the potential harm to the seabird population that nests at the wildlife refuge on the atoll.
The project, which aimed to test landing rocket re-entry vehicles designed to deliver up to 100 tons of cargo to any location on Earth within approximately 90 minutes, was expected to be a game-changer in military logistics. However, the environmental impact of the project has led to its suspension.
See Also: <a href="https://benzinga.com/news/25/07/46262296/trumps-big-beautiful-bill-offers-seniors-a-6-000-bonus-tax-deduction-heres-how-you-qualify-for-the-b">Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Offers Seniors A $6,000 &#8216;Bonus&#8217; Tax Deduction: Here&#8217;s How You Qualify For The Benefit &#8211; Benzinga</a>
The Air Force had initially planned to conduct an environmental assessment of the project, but the publication of a draft assessment was delayed due to opposition from environmental groups.
Why It Matters: This suspension raises questions on the $13.5 billion U.S. Space Force contract to launch some of the Pentagon's most <a href="https://www.benzinga.com/25/04/44655959/elon-musks-spacex-jeff-bezos-blue-origin-and-boeing-lockheeds-ula-bag-13-5-billion-pentagon-launch-contracts">sensitive satellites </a>through 2029. SpaceX received this project alongside United Launch Alliance and Jeff Bezos' Blue Origin to modernize its military capabilities.
SpaceX has also been in the news for its ambitious plans, including <a href="https://www.benzinga.com/news/space/25/06/46182689/elon-musk-wants-you-to-stream-rocket-launches-heres-how-to-get-breathtaking-live-views-of-earth">live streaming rocket launches</a> and <a href="https://www.benzinga.com/news/space/25/07/46241328/elon-musk-calls-for-retiring-international-space-station-after-trumps-tax-bill-allocates-over-1-25-bil">calling for the retirement of the International Space Station</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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SPACE

TSLA

US Air Force Suspends SpaceX Cargo Rocket Project In Pacific Over Ecological Concerns

Much has been made of the multitude of ways Gen Z is reshaping the culture in corporate America. From their <a href="https://www.upwork.com/research/future-workforce-index-2025">preference for freelance roles</a> to their <a href="https://www.forbes.com/sites/danpontefract/2024/09/28/conscious-unbossing-why-gen-z-is-steering-clear-of-middle-management/">aversion to management positions</a>, the generation is changing the way offices look and feel.
Now, <a href="https://www.businessinsider.com/overshare-work-office-hr-communication-coworkers-employees-gen-z-internet-2025-6">Business Insider</a> is drawing attention to another way this new generation is affecting the workplace: oversharing.
While most agree that it&#8217;s a good thing that workplaces are becoming more human and empathetic, there is also recognition that Gen Z often crosses the line from being authentic to being unfiltered.
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In some ways, Business Insider says, the fault lies with companies that have encouraged employees to "bring their whole selves to work." This ideology was intended to build connections and loyalty, and to blur the lines between company time and private life.&nbsp;
&#8220;I don&#8217;t think workplaces and the culture more broadly are doing a good job of giving people guidance about how to preserve boundaries and why it might actually be in their best interest to preserve some boundaries at work,&#8221; <a href="https://www.askamanager.org/">Ask a Manager</a> columnist and owner Alison Green said.
Institute for Life at Work founder Constance Noonan Hadley agrees. Many people, especially younger employees, "don&#8217;t know how to behave in what we consider traditionally professional ways&#8221; at work, she told the outlet. &#8220;I think perhaps people have misunderstood that whole idea of just full, unfettered self-expression.&#8221;&nbsp;
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There's a spectrum of consequences that come with oversharing, these experts agree. On the one end, you risk becoming an annoyance for managers and co-workers, while on the other end, you may cause real harm to the company and your own professional reputation.&nbsp;
Chronic oversharing may lead those in positions of power to feel that you aren't trustworthy, or that you're too unstable or preoccupied to handle your workload.&nbsp;
&#8220;How you present yourself at work does really have an impact on your growth, your influence, and honestly, job security, being able to progress up to the top,&#8221; director of global talent at Bansk Beauty, Sasha Leatherbarrow, told Business Insider. &#8220;If you are the office gossip, how many times do you see C-suite sitting in the office gossiping? You don&#8217;t.&#8221;
See Also: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Become an Investor in This $41.3M Clean Energy Brand Today</a>
Finding the right balance between being open and oversharing can be difficult. The experts who spoke to Business Insider felt that sharing some personal information is necessary to bond and establish trust.&nbsp;
The best way to determine whether or not you're sharing too much? Ask yourself how you'd feel if the roles were reversed, and a co-worker was sharing these things with you. &#8220;You don&#8217;t need to overshare; you just need to read the room,&#8221; Leatherbarrow said. &#8220;We want personality, not personal drama.&#8221;
Read Next: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
Image: Shutterstock

News

The Oversharing Phenomenon: Why Gen Z Struggles With Boundaries In The Workplace

OpenAI CEO Sam Altman expressed disappointment with the Democratic Party, saying it no longer aligns with the pro-innovation values he once shared, leaving him "politically homeless."
What Happened: Altman, 40, posted on X on Friday, celebrating America while sharing his frustrations with today's political climate. 
"I am extremely proud to be an American," he wrote, adding, "I firmly believe this is the greatest country ever on Earth," before criticizing Democrats for veering away from a culture of entrepreneurship.
"I believe in techno-capitalism. We should encourage people to make tons of money and then also find ways to widely distribute wealth and share the compounding magic of capitalism," Altman said.
See Also: <a href="https://www.benzinga.com/markets/tech/25/07/46199580/microsoft-rivian-intel-slash-jobs-in-june-tech-layoff-spree?utm_source=articleShare" target="_blank" rel="noreferrer noopener">Microsoft, Rivian, Intel Slash Jobs In June Tech Layoff Spree</a>
"One doesn't work without the other; you cannot raise the floor and not also raise the ceiling for very long."
Altman, whose <a href="https://www.benzinga.com/markets/tech/25/06/45852700/openai-surges-past-10-billion-in-annualized-revenue-amid-record-chatgpt-use-leaves-rivals-like-amazon-backed-anthropic-behind">AI company powers</a> ChatGPT, lamented that the Democrats once embraced those ideals but "have moved somewhere else at this point."&nbsp;
"So now I am politically homeless," he said.
He also criticized anti-billionaire rhetoric, saying, "I'd rather hear from candidates about how they are going to make everyone have the stuff billionaires have instead of how they are going to eliminate billionaires."
<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">I'm not big on identities, but I am extremely proud to be American. This is true every day, but especially today—I firmly believe this is the greatest country ever on Earth. The American miracle stands alone in world history. I believe in techno-capitalism. We should encourage…
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1941151234775511328?ref_src=twsrc%5Etfw">July 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: According <a href="https://www.forbes.com/profile/sam-altman/">to</a> Forbes, Altman currently has an estimated net worth of $1.7 billion. He dropped out of Stanford University in 2005 to launch the social mapping startup Loopt, which he sold in 2012 for $43 million and used the proceeds to establish his own venture fund.
Around that period, Altman also became a partner at the startup accelerator Y Combinator, eventually serving as its president from 2014 to 2019.
In 2019, he stepped down from YC to take on the role of CEO at OpenAI, although he was <a href="https://www.benzinga.com/news/23/11/35916508/openai-drama-timeline-all-the-twists-and-turns-starring-sam-altman">briefly ousted and reinstated</a> in 2023.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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OpenAI CEO Sam Altman Says Democrats Lost The Plot As They No Longer Support Innovation Or Entrepreneurship: 'Now I Am Politically Homeless'

The Social Security Administration (SSA) has come under scrutiny for distributing an email that inaccurately describes the impact of President Donald Trump&#8217;s new tax legislation on Social Security benefits.
What Happened: The email, which has been shared by several beneficiaries, claims that the new tax law will eliminate federal income taxes on Social Security benefits for the majority of recipients, offering immediate financial relief to seniors, according <a href="https://www.nbcnews.com/politics/trump-administration/social-security-administration-sends-misleading-email-lauding-trumps-n-rcna216990">to</a> a report by NBC News on Friday.
"The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation's economy," the email stated, as per the report.
This message was also posted on the SSA&#8217;s website on Thursday.
Contrary to the email&#8217;s claims, the legislation, which<a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans"> Trump has signed</a>, does not abolish these taxes. The bill, passed through budget reconciliation, is unable to modify Social Security. However, it does introduce temporary tax deductions for seniors.
See Also: <a href="https://benzinga.com/news/politics/25/07/46258994/trumps-big-beautiful-bill-hands-5-billion-win-to-big-pharma-report">Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Hands $5 Billion Win To Big Pharma: Report</a>
Trump&#8217;s Council of Economic Advisers has stated that these new deductions will alleviate the tax burden on Social Security benefits for most seniors. Despite this, Trump has repeatedly made the false claim that the legislation eliminates these taxes.
Critics, including former SSA officials and congressional Democrats, have condemned the email as misleading and politically motivated. Former SSA official Jeff Nesbit described the email as &#8220;unbelievable&#8221; and &#8220;unconscionable,&#8221; emphasizing that such political statements are unprecedented for the agency.
Why It Matters: According to projections by the Congressional Budget Office, the bill will significantly increase the federal deficit and reduce health coverage for millions of Americans.
The bill, celebrated by Trump as a historic victory, is part of a broader economic strategy that includes raising tariffs on imports, as detailed in Trump&#8217;s recent announcement about <a href="https://www.benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms">new tariffs set to take effect</a> soon.
Economist Justin Wolfers has criticized Trump&#8217;s economic policies, describing them as the largest redistribution of wealth from the poor to the rich in American history.
He highlights that the tax cuts primarily benefit the wealthy, with the <a href="https://www.benzinga.com/markets/25/06/45937660/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-sa">Congressional Budget Office</a> projecting significant gains for high-income households by 2027, while lower-income households face a decline.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Security Administration Sends 'Unbelievable' Email On Trump's 'Big, Beautiful Bill': Report

Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google has been hit with an antitrust complaint by a group of independent publishers from the European Union. The complaint is related to Google&#8217;s AI Overviews, a feature that provides AI-generated summaries above traditional hyperlinks in search results.
What Happened: According to a Reuters report, the complaint is related to Google&#8217;s AI Overviews, a feature that provides AI-generated summaries above traditional hyperlinks in search results.
The group of independent publishers has complained to the European Union, alleging that Google is exploiting its market dominance in online search.
The document said, &#8220;Google&#8217;s core search engine service is misusing web content for Google&#8217;s AI Overviews in Google Search, which have caused, and continue to cause, significant harm to publishers, including news publishers in the form of traffic, readership and revenue loss."
The complaint, dated June 30, also states that publishers using Google Search do not have the option to opt out from their material being used for AI Overviews without losing their ability to appear in general search results.
The complainants include the Independent Publishers Alliance, the Movement for an Open Web, and the British non-profit Foxglove Legal Community Interest Company.
See Also: <a href="https://benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump&#8217;s Tax Bill Just Killed This Revenue Stream</a>
The complaint also requests an interim measure to prevent further harm to competition and ensure access to news.
Why It Matters: This complaint is the latest in a series of antitrust challenges faced by Google. The tech giant has been under increasing scrutiny for its market dominance and business practices.
In June, Google offered to <a href="https://www.benzinga.com/markets/tech/25/06/46041525/google-offers-to-boost-rivals-in-search-results-to-avoid-eu-antitrust-fine-under-digital-markets-act-report">revamp its search results</a> to avoid a hefty fine from the EU. The proposed changes were aimed at better showcasing rivals&#8217; services, addressing the European Commission&#8217;s concerns over Google&#8217;s preferential treatment of its in-house services.
Earlier, in May, a U.S. federal judge hinted at <a href="https://www.benzinga.com/news/topics/25/05/45708275/googles-monopoly-case-takes-a-turn-as-judge-considers-lighter-remedies-amid-rising-competition-from-ai-rivals-like-openai-and-perplexity">scaling back the Justice Department&#8217;s proposed remedies</a> for Google&#8217;s alleged search monopoly. The judge cited the fast-changing role of artificial intelligence in online search as a reason for potentially lighter remedies.
Despite these challenges, Google&#8217;s parent company, Alphabet, has continued to perform well. In its <a href="https://www.benzinga.com/25/04/44982688/alphabet-q1-earnings-preview-google-parent-stock-at-fork-in-the-road-while-antitrust-concerns-remain">Q1 earnings report</a> in April, the company reported strong revenue growth, driven by its advertising business. The company&#8217;s stock has also remained resilient, with analysts remaining optimistic about its long-term prospects.
<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 loading="lazy" decoding="async" width="971" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50.png" alt="" class="wp-image-973370" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50.png 971w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50-300x44.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/05000218/image-50-768x112.png 768w" sizes="(max-width: 971px) 100vw, 971px" /></a></figure>
According to Benzinga Edge Stock Rankings, Alphabet Inc. performs well when it comes to growth and quality, but lags in momentum. <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>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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GOOG

GOOGL

Google's AI Overviews Features Sparks New Antitrust Battle With European Publishers: Report

Kevin O'Leary, renowned for his role on Shark Tank, said that his primary motivation comes from proving his critics wrong, rather than financial gain.
What Happened: O'Leary shared that when people doubt his capabilities, it fuels his determination to succeed, according to a report<a href="https://fortune.com/2025/07/04/shark-tank-kevin-oleary-haters-motivation-not-about-money-business-steve-jobs-founders-mindset/"> by</a> Fortune on Friday. He recounted an instance where he ventured into the watch insurance industry despite being told it was impossible. In April 2024, he launched the platform WonderCare, defying his naysayers.
"When someone tells me I can't do it, I turn around, two years later, kick their ass. That's a great motivation. It's not about the money anymore—I just like kicking their ass," O'Leary said.
His approach is influenced by a &#8220;founder's mindset,&#8221; a concept he attributes to working with the late Steve Jobs in the 1990s. O'Leary learned from Jobs to focus on essential tasks and ignore external criticism, a strategy he continues to apply.
O'Leary also highlighted the importance of balancing business with personal interests, such as photography and guitar collecting, to maintain creativity. He believes this balance is crucial for entrepreneurial success, a lesson he learned from his experiences with Jobs.
See Also: <a href="https://benzinga.com/crypto/cryptocurrency/25/07/46260174/this-bitcoin-collector-turned-500-into-over-10-million-by-selling-100-physical-bitcoin">This Bitcoin Collector Turned $500 Into Over $10 Million By Selling 100 &#8216;Physical&#8217; Bitcoin</a>
Why It Matters: Understanding O&#8217;Leary&#8217;s motivations provides insight into his business strategies and personal philosophies. Recently, O&#8217;Leary shared his admiration for his<a href="https://www.benzinga.com/personal-finance/financial-advisors/25/07/46188863/when-kevin-oleary-found-his-mother-was-secretly-an-investing-genius-the-performance-was-extraordinary-and-better-than-most-hedge-funds"> mother&#8217;s investment prowess</a>, describing her portfolio performance as &#8220;extraordinary&#8221; and superior to many hedge funds.
O&#8217;Leary&#8217;s financial advice extends beyond investments. He has urged individuals to<a href="https://www.benzinga.com/personal-finance/management/25/07/46200580/kevin-oleary-says-if-you-got-a-bonus-dont-blow-it-pay-off-your-debt-kill-your-credit-cards-and-chase-freedom-by-living-debt-free"> use bonuses to pay off debts</a> rather than indulge in unnecessary expenditures. This advice aligns with his broader financial philosophy of living debt-free and prioritizing financial security.
Additionally, O&#8217;Leary has criticized the spending habits of younger generations, particularly Gen Z, for their tendency to<a href="https://www.benzinga.com/news/25/07/46256179/kevin-oleary-slams-gen-zs-28-habit-that-could-cost-them-a-huge-sum-50-years-later-cant-stand-when-i"> spend on high-priced daily luxuries</a>. He believes such habits could hinder long-term wealth accumulation.
In the current economic climate, O&#8217;Leary notes that the venture<a href="https://www.benzinga.com/news/topics/25/07/46254436/kevin-oleary-says-the-venture-capital-market-has-dried-up-like-in-2008-now-even-big-companies-are-coming-on-shark-tank-for-funding"> capital market has become challenging</a>, reminiscent of the 2008 financial crisis. This situation has led even established companies to seek funding through platforms like &#8220;Shark Tank.&#8221;
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Disclaimer: This content was partially produced with the help of<a href="https://www.benzinga.com/author/benzinga-neuro"> Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
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Kevin O'Leary Says 'It's Not About The Money Anymore,'—He Just Wants To Prove The Haters Wrong

On Friday, President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will <a href="https://www.benzinga.com/markets/25/06/45937660/trumps-one-big-beautiful-bill-is-the-largest-redistribution-from-poor-to-rich-in-american-history-sa">significantly widen</a> the federal deficit and leave millions uninsured.
What Happened: Flanked by Republican lawmakers and Cabinet members, Trump signed the multitrillion-dollar package on the White House driveway, using a ceremonial gavel gifted by House Speaker Mike Johnson (R-La.), <a href="https://apnews.com/article/trump-sign-tax-cut-bill-july-4-3804df732e461a626fd8c2b43413c3f0">reported</a> the Associated Press.
"America's winning, winning, winning like never before," Trump declared, celebrating the bill's passage alongside a flyover of fighter jets and bombers. "Promises made, promises kept and we've kept them."
The legislation extends Trump's 2017 tax cuts, eliminates taxes on tips and Social Security income, boosts immigration enforcement and imposes $1.2 trillion in <a href="https://www.benzinga.com/markets/macro-economic-events/25/06/46163659/senate-republicans-propose-313-billion-cut-in-medicaid-spending-in-trumps-big-beautiful-bill">cuts to Medicaid</a> and food assistance.
See Also: <a href="https://benzinga.com/news/politics/25/06/46160509/irans-top-diplomat-to-un-says-uranium-enrichment-to-continue-an-inalienable-right" target="_blank" rel="noreferrer noopener">Iran's Top Diplomat To UN Says Uranium Enrichment To Continue: An ‘Inalienable Right'</a>
Despite strong Republican support, Democrats unanimously opposed the bill.&nbsp;
AFL-CIO president Liz Shuler called it "the worst job-killing bill in American history," accusing Trump of handing a $5 trillion gift to the wealthy while stripping support from working families.
Why It's Important: According to the <a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">Congressional Budget Office</a>, the bill is projected to add $3.3 trillion to the national deficit over the next decade and cause 11.8 million Americans to lose health coverage, largely due to Medicaid cuts.&nbsp;
Critics also warn it could erode gains made under Presidents Barack Obama and Joe Biden. Trump, however, defended the bill as pro-growth: "Our country is going to be a rocket ship, economically."
With no Democratic support and tight Senate margins, the package's passage marks a key ideological pivot — and a flashpoint for the 2026 midterms, the report said.
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Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans

Nintendo Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOF#OTC">NTDOF</a>) Switch 2 is expected to remain in short supply until next spring, according to analysts.
What Happened: According to Nikkei Asia's <a href="https://asia.nikkei.com/Business/Media-Entertainment/Nintendo-Switch-2-likely-to-remain-scarce-until-next-spring-analysts">report</a>, the Nintendo Switch 2, which was released on June 5, is still in high demand, with many potential buyers in Japan resorting to lottery systems.
The console has been selling at a record pace and is still hard to find in stores a month after its release.
Analysts predict that the shortage may continue until next spring or even longer. Despite the high demand, the console&#8217;s availability is expected to remain limited. The shortage is attributed to the overwhelming demand and the company&#8217;s efforts to strengthen its production system to meet the demand.
See Also: <a href="https://benzinga.com/markets/tech/25/07/46257394/trumps-big-bautiful-bill-passes-ev-tax-breaks-to-end-on-september-30-what-it-means-for-electric-vehi">Trump&#8217;s &#8216;Big Beautiful Bill&#8217; Passes—EV Tax Breaks To End On September 30: What It Means For Electric Vehicles</a>
Toyo Securities senior analyst Hideki Yasuda said the Switch 2 is &#8220;overwhelmingly popular compared to past game consoles, and consoles that have a strong initial response tend to continue to have high demand,&#8221; according to the report.
Why It Matters: The Nintendo Switch 2 has been a hot topic in the gaming industry. The new console, which boasts AI processors to enhance gameplay, was released amid much fanfare.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Despite the shortage, the Switch 2 has been selling at a record pace. Analysts predict sales of 18 million to 20 million units this fiscal year, which is a 20% to 30% increase from the original Switch. The shortage is expected to continue due to the high demand, with some analysts projecting that it may last until next spring.
The sales of the Nintendo Switch 2 have also had an impact on the other companies&#8217; <a href="https://www.benzinga.com/news/25/04/44984453/gamestop-stock-rises-amid-switch-2-preorders-whats-going-on">stock prices</a>. The stock price of Nintendo had been rising due to the popularity of the Switch 2, but it briefly dipped after U.S. President Donald Trump expressed skepticism about a <a href="https://www.benzinga.com/25/04/44678084/nintendo-pushes-back-us-preorders-for-switch-2-amid-trump-tariff-impactlaunch-remains-on-track-for-june-things-may-change-in-the-days-ahead">Japan-U.S. </a>tariff agreement.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Gaming

NTDOF

NTDOY

Nintendo Switch 2 Shortage To Continue Until Next Spring As Per Analysts: Report

President Donald Trump has announced that his administration will begin informing trading partners about new tariffs on their exports starting this Friday.
What Happened: These tariffs are scheduled to take effect on August 1. Trump mentioned that approximately &#8220;10 or 12&#8221; letters will be sent out initially, with more to follow in the coming days, according <a href="https://www.bloomberg.com/news/articles/2025-07-03/trump-says-he-may-start-telling-nations-new-tariff-rates-friday">to</a> a Bloomberg report on Friday.
The president stated that by July 9, all countries would be notified of their new tariff levels, which could range from 10% to 70%. This move is part of Trump&#8217;s strategy to favor straightforward agreements over complex negotiations. Negotiations with countries such as Indonesia, South Korea, the European Union, and Switzerland are reaching critical stages.
Trump&#8217;s latest tariff threat is consistent with his previous ultimatums, suggesting that some countries may not have a say in their tariff levels. The highest proposed tariffs could exceed those initially outlined during his &#8220;Liberation Day&#8221; announcement in April, which ranged from 10% to 50%.
Trump emphasized that countries would start paying these tariffs on August 1, with revenue beginning to flow into the US. The impact of these tariffs on inflation has led some Federal Reserve officials to be cautious about cutting interest rates, despite pressure from Trump.
See Also: <a href="https://benzinga.com/markets/equities/25/07/46259886/elon-musks-tesla-is-a-multi-trillion-dollar-opportunity-but-short-term-outlook-is-shaky-says-exp">Elon Musk&#8217;s Tesla Is A &#8216;Multi-Trillion-Dollar Opportunity,&#8217; But Short-Term Outlook Is &#8216;Shaky,&#8217; Says Expert</a>
While deals have been reached with the UK and Vietnam, other major trading partners like Japan and South Korea are still negotiating. Trump remains optimistic about reaching an agreement with India but has criticized Japan as a challenging partner.
Why It Matters: The announcement comes amid escalating trade tensions, notably with Japan. Trump recently threatened to impose tariffs of &#8220;30% or 35%&#8221; on<a href="https://www.benzinga.com/news/politics/25/07/46213186/trump-threatens-35-tariffs-on-japan-as-trade-deadline-looms-not-sure-were-going-to-make-a-deal"> Japanese exports if no agreement</a> is reached by the July 9 deadline, a significant increase from the current 10% rate reported earlier this week.
A trade deal with<a href="https://www.benzinga.com/news/politics/25/07/46241070/trumps-vietnam-trade-deal-with-40-tax-on-transshipments-may-result-in-chinese-backlash-say-economists-they-want-inflation"> Vietnam has been secured</a>, imposing a 20% tariff on Vietnamese exports and a 40% tariff on goods transshipped through Vietnam, particularly targeting Chinese products. This deal grants the US tariff-free access to Vietnam&#8217;s domestic markets.
Furthermore, the Trump administration has reportedly scaled back its<a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46188192/trump-administration-reportedly-scales-back-ambitions-for-comprehensive-trade-deals-before-tariff-deadline"> ambitions for comprehensive trade deals</a>, opting for narrower agreements to avoid reimposing tariffs. This shift aims to reach agreements by the July 9 deadline, marking a departure from the initial plan to secure 90 trade deals during a 90-day pause in reciprocal tariffs.
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Trump Says US Will Raise Tariffs To Up To 70% As July 9 Deadline Looms

Australian actor Julian McMahon, known for his roles as Doctor Doom in Fantastic Four and popular series such as Charmed and Nip/Tuck, has passed away at the age of 56.
What Happened: According to a report <a href="https://www.theguardian.com/film/2025/jul/05/julian-mcmahon-dies-aged-56-cause-of-death-fantastic-four-niptuck-charmed">by</a> The Guardian, McMahon passed away in Clearwater, Florida, on Wednesday after battling cancer, a diagnosis that had not been publicly shared.
His wife, Kelly Paniagua, confirmed his death on Friday, expressing her sorrow and admiration for McMahon in a statement to Deadline. She described him as a man who cherished life, family, friends, and his work, and who aimed to bring happiness to others.
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Born in Sydney in 1968, McMahon was the son of former Australian Prime Minister Sir William &#8220;Billy&#8221; McMahon. He began his career as a model before transitioning to acting, gaining fame with roles in Australian soap operas and later, American television series.
McMahon&#8217;s portrayal of the villainous Doctor Doom in the Fantastic Four films and his role as Dr. Christian Troy in Nip/Tuck were among his most notable performances. He also starred in FBI: Most Wanted as Jess LaCroix.
Dick Wolf, producer of FBI: Most Wanted, expressed his condolences, calling McMahon&#8217;s death &#8220;shocking news&#8221; and extending sympathies to his family.
Why It Matters: The entertainment industry has recently faced the loss of several iconic figures. Just a few months prior, <a href="https://www.benzinga.com/general/entertainment/25/04/44600140/val-kilmer-legendary-actor-who-played-iceman-in-tom-cruise-starrer-top-gun-dies-at-65">Val Kilmer</a>, known for his role as Iceman in Top Gun, passed away at 65 after battling pneumonia.
Kilmer&#8217;s health had been in decline since a throat cancer diagnosis in 2014, which significantly impacted his career.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Featureflash Photo Agency / Shutterstock.com

Entertainment

Julian McMahon, Actor Who Played Doctor Doom In Fantastic Four Dies At 56

Lime, the electric bike and scooter rental startup backed by <a href="https://www.benzinga.com/news/25/05/45232992/dub-raises-30m-with-backing-from-uber-ceo-dara-khosrowshahi-robinhood-co-founder-nate-rodland-to-let-users-copy-nancy-pelosis-stock-trades">Uber</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), has hired Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) to prepare for a U.S. initial public offering expected to launch next year,<a href="https://www.reuters.com/business/uber-backed-electric-bike-startup-lime-hires-banks-us-ipo-sources-say-2025-06-24/"> Reuters</a> reports.
Founded in 2017, Lime operates in more than 280 cities across nearly 30 countries, offering short-term rentals for electric bikes and <a href="https://www.benzinga.com/25/03/44353699/niu-q4-rides-high-on-demand-for-e-scooters-but-gross-margins-decline-amid-higher-costs">scooters</a>. According to Reuters, the San Francisco-based startup has been considering a public listing for several years, but the current uptick in IPO activity may provide a timely window to execute the move.
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</ul>
<h2 class="wp-block-heading">Lime's Financial Turnaround Gains Investor Attention</h2>
In February, Lime<a href="https://www.businesswire.com/news/home/20250218624910/en/Lime-Delivers-Record-Revenue-and-Profitability-Positive-Free-Cash-Flow-in-2024"> reported</a> a 32% increase in net revenue, reaching $686 million for 2024. The company also confirmed that it was free cash flow positive for the second year in a row, a rare feat in the micromobility sector, which has historically struggled to stay afloat.
Lime CEO Wayne Ting described 2024 as "an exceptional year" for the company, citing strong results across key financial and operational metrics, including record profits and expanded global reach.
&#8220;We grew profits faster than revenue in 2024, posting another record year of results through serving more than 24 million riders in hundreds of communities around the world and bringing Lime to more cities globally,&#8221; Ting said in a statement. &#8220;While we saw record demand in 2024, we're just scratching the surface of micromobility's potential to transform cities and better connect people.&#8221;
Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Become an Investor in This $41.3M Clean Energy Brand Today</a>
<h2 class="wp-block-heading">IPO Market Recovery Offers Fresh Opportunity</h2>
According to Reuters, the potential IPO follows a broader rebound in the U.S. public listing market, which raised nearly $27 billion in 2024 so far, a 45% increase compared to the same period last year.
Although the total still falls short of the 2021 record of $177 billion, companies like Circle Internet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>), which recently raised over $1 billion through an IPO, have signaled growing investor interest in growth-stage tech firms, Reuters says.
Lime's IPO may test investor sentiment in the micromobility space, where competitors like Bird have filed for bankruptcy in recent years, Reuters reports. Unlike others in its category, Lime received prior investment from Uber and is among the few micromobility firms still pursuing public markets. Uber led a funding round for Lime in 2020, at which time the company was reportedly valued at $510 million.<a href="https://www.reuters.com/business/uber-backed-electric-bike-startup-lime-hires-banks-us-ipo-sources-say-2025-06-24/">&nbsp;</a>
According to Reuters, sources familiar with the matter expect the upcoming IPO to value Lime significantly higher than its last reported valuation, although exact figures have not yet been disclosed.
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<h2 class="wp-block-heading">Lime Targets Urban Pollution With 43 Million Car Trip Replacements</h2>
Environmental sustainability remains a core focus for Lime as it scales globally. According to the company, Lime riders helped avoid an estimated 20,000 metric tons of CO₂ emissions in the last year by replacing car trips with shared electric vehicles.
Lime estimates its service replaced over 43 million car trips in 2024 and prevented the consumption of roughly 2.2 million gallons of gasoline, equal to approximately 8.5 million liters. The company says it also continues to lower its own operational footprint.
By offering electric scooters and bikes for trips under five miles, Lime says it aims to shift the way urban communities move while supporting city efforts to reduce traffic congestion and meet climate goals.
Read Next: How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.
Image: Shutterstock

CRCL

UBER

Lime's Long-Awaited IPO Is Finally on Track: Uber-Backed Scooter Startup Reports $686M Revenue and 'Cash Flow Positivity'

A 100% disabled veteran with a steady income and growing aches is considering whether to retire now or wait a few more years. In a <a href="https://www.reddit.com/r/retirement/comments/1lmmxv6/should_i_retire_or_wait_a_few_years/">recent post</a> on Reddit's r/retirement forum, he explained his situation: he enjoys his job, but not like he used to. He and his wife bring in $7,500 a month (including her early Social Security benefits), have little savings, and own a home with $350,000 in equity.
He's wondering: Is it wise to walk away from a career now, or should he push through for a couple more years and save $100,000 first?
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<h2 class="wp-block-heading">Health and Time Are Pressing Concerns</h2>
The veteran mentioned that "life happened," which is why there's not much in savings. However, the couple's medical needs are covered — he has VA benefits, and his wife is on Medicare with supplemental insurance.
Still, health is top of mind. "My body is getting achier every day," he wrote. And for many in similar situations, the question becomes whether it's worth exchanging time and well-being now for more <a href="https://www.benzinga.com/personal-finance/25/03/44504769/suze-orman-says-owning-a-house-is-not-a-retirement-plan-heres-how-to-build-true-financial-security-with-smart-diversification">financial security</a> later.
One Reddit commenter offered this perspective: "You may be trading money you don't need for time you don't get more of." It's a reminder that waiting too long could result in fewer healthy years to enjoy retirement.
Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — <a href="https://www.benzinga.com/money/meet-the-company-seeking-to-give-americans-energy-independence-and-learn-how-you-can-become-an-early-investor">Become an Investor in This $41.3M Clean Energy Brand Today</a>
<h2 class="wp-block-heading">Budgeting Is Key to Confidence</h2>
Others pointed out that the missing piece in this veteran's puzzle is a clear picture of his spending. One commenter advised tracking expenses to see whether $7,500 a month would realistically cover their needs. "Our experience is spending doesn&#8217;t naturally go down in retirement," they said. In fact, discretionary spending like travel may even increase.
Another practical suggestion: Try living on that $7,500 budget for six months while still working, and save the rest. This "test run" could offer peace of mind — or highlight unexpected financial gaps.
<h2 class="wp-block-heading">Have a Retirement Plan — Beyond the Finances</h2>
Financials aside, several commenters stressed the importance of knowing what you want to do in <a href="https://www.benzinga.com/real-estate/25/06/46159787/dave-ramsey-suggests-pausing-retirement-savings-to-speed-up-home-down-payment-warns-dont-borrow-from-or-cash-out-your-retirement-accounts-to-speed-up-your-down-payment-savings">retirement</a>, not just when to start it. "Make sure you retire to something — golf, garden, fishing, and your community," one said. "Don't just retire."
Another added: "No reason to retire unless you&#8217;re clear on how you&#8217;ll spend your time every day." Having a strong sense of purpose can make the transition smoother and more fulfilling.
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<h2 class="wp-block-heading">Downsizing Could Unlock Cash</h2>
The couple's $350,000 in home equity may become a powerful resource, especially if they choose to downsize. Selling the home could provide a financial buffer and reduce living costs — but that plan may take time to execute, and <a href="https://www.benzinga.com/news/politics/25/06/46162886/us-housing-market-is-not-just-broken-its-rigged-says-craig-shapiro-as-mamdani-vows-to-build-200000-publicly-subsidized-homes-freeze-rent-in-nyc">housing markets</a> can fluctuate.
<h2 class="wp-block-heading">Final Thoughts</h2>
This veteran's situation reflects a common dilemma: Should you step away from work when it starts taking a toll on your body — or push through a few more years to build more financial security?
There's no one-size-fits-all answer, but some strategies — like tracking spending, test-driving your retirement budget, and thinking ahead about lifestyle goals — can make the decision easier.
As one commenter put it, "You'll know when you're ready." But doing the math and making a plan could help that moment arrive with confidence instead of concern.
Read Next: <a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a>
Image: Shutterstock

Personal Finance

'My Body's Getting Achier Every Day': Disabled Veteran With $7,500 Monthly Income And No Savings — Should He Retire Or Wait 3 More Years?

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 15 years by 12.94% on an annualized basis producing an average annual return of 25.36%. Currently, O'Reilly Automotive has a market capitalization of $78.05 billion. 
Buying $100 In ORLY: If an investor had bought $100 of ORLY stock 15 years ago, it would be worth $2,973.63 today based on a price of $91.30 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751672711_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ORLY

Here's How Much You Would Have Made Owning O'Reilly Automotive Stock In The Last 15 Years

Somnigroup International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGI#NYSE">SGI</a>) has outperformed the market over the past 15 years by 3.36% on an annualized basis producing an average annual return of 15.78%. Currently, Somnigroup International has a market capitalization of $14.99 billion. 
Buying $1000 In SGI: If an investor had bought $1000 of SGI stock 15 years ago, it would be worth $8,939.05 today based on a price of $71.87 for SGI at the time of writing.
<h3>Somnigroup International's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1751670914_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Somnigroup International 15 Years Ago Would Be Worth This Much Today

More than a decade ago, Warren Buffett said the national deficit could be <a href="https://www.benzinga.com/personal-finance/25/02/43904075/warren-buffett-said-he-could-end-u-s-deficit-in-5-minutes-if-you-guys-cant-get-it-done-well-get-some-other-guys-to-get-it-done">solved in just five minutes</a>. His plan? "You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection."
That 2011 quote, from an interview with <a href="https://www.cnbc.com/2011/07/07/warren-buffetts-5minute-plan-to-fix-the-deficit.html">CNBC's Becky Quick</a>, resurfaced in early June — and this time, it gained traction with one of the world's most influential voices.
On June 4, Utah Sen. Mike Lee (R-UT) <a href="https://x.com/BasedMikeLee/status/1930222931377844568">posted the clip on X</a> and asked, "Would you support this amendment?" Elon Musk didn't hesitate. He <a href="https://x.com/elonmusk/status/1930298268661232083">reposted it</a> with the words "100%" and "This is the way," signaling full endorsement of Buffett's blunt solution.
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The idea, while simple on its face, taps into longstanding frustration over congressional accountability and ballooning debt. Buffett originally framed the plan as a tongue-in-cheek solution to Washington gridlock, but made it clear he believed politicians would act faster if their jobs were on the line.
"I can end the deficit in five minutes," he told Quick at the time. "It's just that simple."
Back in 2011, the U.S. <a href="https://www.cbo.gov/publication/42532">deficit hovered just over $1 trillion</a>, about 8.5% of GDP. Today, it's projected to top $1.9 trillion — or roughly 6.7% of GDP. By Buffett's rule, Congress would have long since cleared out.
Lee, who reposted the clip on X, seemed to agree — and has hinted at wanting to turn it into real policy. In fact, several of his <a href="https://x.com/basedmikelee/status/1930454376000217304">recent posts call for stricter balanced budget</a> measures and constitutional amendments to force fiscal discipline. But translating Buffett's viral soundbite into actual legislation would require a two-thirds majority in both chambers or a convention of states — a high bar in any political climate.
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Musk's endorsement of the idea adds fuel, though. His ability to move public opinion — and occasionally policy discussion — with a single post has made him one of the most unpredictable influencers in politics, even without holding office.
The Buffett clip is gaining renewed momentum among fiscal hawks and frustrated taxpayers alike. And while Buffett may have said it half in jest, the message still lands with a punch: if lawmakers were held personally accountable for the budget, the deficit might not be a recurring headline.
Buffett and Musk <a href="https://www.benzinga.com/news/25/03/44075038/warren-buffett-says-he-has-spoken-to-elon-musk-a-few-times-but-repeatedly-dodges-questions-about-tesla-ceos-doge-efforts-well-i-better-not-get-into-all-that">haven't always been aligned</a>. Buffett famously declined to invest in Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), favoring Chinese automaker BYD instead. Musk, in turn, has publicly taken jabs at Buffett. "To be totally frank, I'm not his biggest fan," Musk told Joe Rogan on "<a href="https://youtu.be/RcYjXbSJBN8?si=AHItbBcTYYxDeQ-F">The Joe Rogan Experience</a>" in 2020. "He does a lot of capital allocation… reads a lot of annual reports… it's pretty boring, really."
But on this, they agree. Both men see congressional accountability as key to fixing the deficit—and Musk's viral repost gave Buffett's decade-old solution a jolt of relevance in today's debate.&nbsp;
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