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Zhihu Inc is predominantly engaged in the operation of one online content community and monetizes through paid membership services, advertising services, content-commerce solutions services, and vocational training in China. It generates revenues from Advertising services, Paid membership services, Content-commerce solutions, and Others. It derives all its revenues within China.

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In a recent interview, United States Secretary of Agriculture Brooke Rollins signaled a new wave of regulatory scrutiny headed for America&#8217;s largest food, beverage, and retail brands.
What Happened: Speaking on the All-in Podcast on Sunday, Secretary Rollins discussed the Supplemental Nutrition Assistance Program (SNAP), highlighting its $123 billion annual cost.
She noted that SNAP accounts for 70% of the U.S. Department of Agriculture's budget and roughly 2% of the entire federal budget.
Rollins further adds that roughly 10% of this budget, or $15 billion a year, is spent on soda, with 75% of the population on SNAP being clinically obese. &#8220;Taxpayer dollars be[ing] spent on sugary drinks and junk food that&#8217;s making our kids sick? Absolutely not,&#8221; she says.
See More: <a href="https://www.benzinga.com/general/market-summary/25/05/45187807/sp-500s-9-day-climb-not-a-recession-signal-argue-analysts-amid-conflicting-research-simply-wrong-lazy-analysis">S&amp;P 500&#8217;s 9-Day Climb Not A Recession Signal, Argue Analysts Amid Conflicting Research: &#8216;Simply Wrong/Lazy Analysis&#8217;</a>
She blames this squarely on the lobbyists, saying that &#8220;the amount of money that is at stake is reflected in the amount of lobbyists that are out and about,&#8221; but adds that the program will not be eliminated, and will instead be realigned to &#8220;make America healthy again.&#8221;
Why It Matters: SNAP benefits have been in focus ever since the new administration took over, with <a href="https://benzinga.com/news/25/02/43901558/snap-benefits-in-focus-trump-admin-targets-bidens-food-assistance-policies">plenty of pushback</a> against potential cuts, coming from the likes of Rep. Ro Khanna (D-CA), who called it &#8220;slashing benefits for working-class Americans to pay for tax breaks for the ultra-rich.&#8221; 
Several leading food, beverage, and retail brands too face a top-line hit if these changes come into effect, with a substantial portion of their revenues coming from purchases made using SNAP.
According to analyst Alexia Howard from Bernstein, a wide-scale cut to SNAP could hit General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) the hardest, given its cereal line-up.
Besides this, there are beverage stocks such as Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), and Monster Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>), which are likely to be hit hard, according to a Citi Research note.
Among retailers, dollar stores such as Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) and Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) are the most likely to be impacted by cuts to the SNAP program, according to Bernstein analyst Zhihan Ma. &#8220;If you're a dollar store, your full value proposition is predicated on servicing the lower-income consumers,&#8221; Ma said, in a report <a href="https://www.cnbc.com/2025/04/16/proposed-snap-cuts-pressure-low-income-shoppers-retailers.html">by</a> CNBC. 
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<td class="has-text-align-center" data-align="center">Stock</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
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<td class="has-text-align-center" data-align="center">General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>)</td>
<td class="has-text-align-center" data-align="center">-12.79%</td>
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<tr>
<td class="has-text-align-center" data-align="center">Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)</td>
<td class="has-text-align-center" data-align="center">+15.86%</td>
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<tr>
<td class="has-text-align-center" data-align="center">PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>)</td>
<td class="has-text-align-center" data-align="center">-10.96%</td>
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<td class="has-text-align-center" data-align="center">Monster Beverage Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>)</td>
<td class="has-text-align-center" data-align="center">+14.80%</td>
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<tr>
<td class="has-text-align-center" data-align="center">Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>)</td>
<td class="has-text-align-center" data-align="center">+19.40%</td>
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<td class="has-text-align-center" data-align="center">Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>)</td>
<td class="has-text-align-center" data-align="center">+10.23%</td>
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<iframe loading="lazy" title="Brooke Rollins, Secretary of Agriculture &#x7C; All-In in DC!" width="500" height="281" src="https://www.youtube.com/embed/Avlm1GWEgQI?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/05/45188341/billionaire-mark-cuban-asks-if-small-businesses-be-ignored-after-trump-redirects-question-on-tariff-relief-for-little-businesses">Billionaire Mark Cuban Asks Should Small Businesses Be &#8216;Ignored&#8217; After Trump Redirects Question On Tariff Relief For &#8216;Little Businesses&#8217;</a></li>
</ul>
Photo courtesy: New Africa / Shutterstock.com

Equities

News

Politics

Markets

DLTR

MNST

SNAP Spending Shift Could Hit General Mills, PepsiCo Hard, Warns Analyst

Michael Saylor, co-founder and executive chairman of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), hinted on Sunday that the firm's Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) buying streak would continue in the new week.
What happened: Saylor posted a chart that tracks the company's Bitcoin purchases on X, with the caption, "Too much blue, not enough orange."
By now, cryptocurrency observers have grown accustomed to <a href="https://www.benzinga.com/25/04/44784106/michael-saylor-teases-bitcoin-purchases-after-a-two-week-halt-with-no-tariffs-on-orange-dots">Saylor&#8217;s cryptic Sunday posts</a>, which have almost always preceded Bitcoin purchases the following Monday.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Too much blue, not enough orange. <a href="https://t.co/s1L6tWfC14">pic.twitter.com/s1L6tWfC14</a>
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1919027732140204508?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
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Last week, the Bitcoin treasury company <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45039399/strategy-buys-15355-bitcoin-for-142-billion-year-to-date-btc-yield-hits-137">acquired 15,355 BTC</a> for approximately $1.42 billion, at an average buying price of $92,737 per Bitcoin.
As of this writing, Strategy&#8217;s Bitcoin stockpile has grown to 553,555 BTCs, worth nearly $52.4 billion, with an unrealized profit of 38%, <a href="https://bitcointreasuries.net/">according </a>to&nbsp; <a href="http://bitcointreasuries.com">bitcointreasuries.com</a>.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45187462/trump-denies-personal-profit-from-memecoin-venture-i-havent-even-looked">Trump Denies Personal Profit From Memecoin Venture: &#8216;I Haven&#8217;t Even Looked&#8217;</a>
Why It Matters: The firm reported <a href="https://www.benzinga.com/news/guidance/25/05/45152230/strategy-q1-earnings-bitcoin-treasury-company-raises-its-btc-yield-and-btc-gain-targets-for-2025">financial results</a> for the first quarter last week, with revenue missing analyst expectations. It achieved a "BTC Yield" of 11% in the first quarter and raised its 2025 BTC Yield target to 25%, up from 15%.
BTC Yield refers to the percentage increase in Bitcoin ownership per share of the company&#8217;s stock. It is used to gauge the effectiveness of the firm's fundraising strategy to support further BTC purchases.
Strategy also doubled its capital-raising plan to $84 billion—$21 billion through equity financing and $21 billion through fixed-income securities—&nbsp;to purchase Bitcoin.
Price Action:&nbsp; At the time of writing, Bitcoin was exchanging hands at $94,566.25, down 1.09% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Shares of Strategy closed 3.35% higher at $394.37 during Friday's regular session. The stock gained 5.95% last week and over 47% in a month.&nbsp;
MSTR demonstrated a very high momentum score—a measure of the stock's relative strength based on its price movement patterns and volatility over multiple timeframes—as of this writing. If you want to fill your portfolio with similar high-momentum stocks, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for more details.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45187736/elizabeth-warren-slams-shady-deal-involving-trump-family-backed-usd1-as-democrats-withdraw-support-for-senarte-crypto-bill">Elizabeth Warren Slams &#8216;Shady&#8217; Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

$BNB

$BTC

MSTR

Michael Saylor Hints More BTC Purchases On The Way As MSTR Surges 47% In A Month: 'Too Much Blue, Not Enough Orange'

Morgan Stanley analyst Vikram Purohit upgrades Ascendis Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NASDAQ">ASND</a>) from Equal-Weight to Overweight and raises the price target from $180 to $250.

Upgrades

Price Target

Analyst Ratings

ASND

Morgan Stanley Upgrades Ascendis Pharma to Overweight, Raises Price Target to $250

The below table reflects JBT Marel's consolidated guidance for the second quarter of 2025.
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<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">$ millions except EPS</td>
<td colspan="1" rowspan="1">Q2 2025</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Revenue</td>
<td colspan="1" rowspan="1">$885 - $915</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Income from continuing operations</td>
<td colspan="1" rowspan="1">$10 - $20</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EBITDA(1) margin</td>
<td colspan="1" rowspan="1">14.50 - 15.25%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">GAAP EPS</td>
<td colspan="1" rowspan="1">$0.20 - $0.40</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Adjusted EPS(1)</td>
<td colspan="1" rowspan="1">$1.20 - $1.40</td>
</tr>
</tbody>
</table>
</figure>

Guidance

JBTM

JBT Marel Expects Q2 Revenue Of $885M-$915M Vs $876.64M Est, Adj EPS Of $1.20-$1.40 Vs $1.26 Est

Earnings

Earnings Beats

JBT Marel Q1 Adj. EPS $0.97 Beats $0.83 Estimate, Sales $854.10M Beat $836.19M Estimate

Economist Mohamed El-Erian predicts the Federal Reserve will maintain current interest rates amid ongoing global economic uncertainty and growing trade tensions with China.
What Happened: El-Erian, Allianz Chief Economic Advisor, wrote on X that the &#8220;highly data-dependent Federal Reserve&#8221; would likely &#8220;find it hard to do anything other than leave interest rates unchanged&#8221; at its upcoming meeting.
The prominent economist highlighted several central bank meetings scheduled for this week, noting divergent approaches expected across global economies, including &#8220;a UK cut and a Brazil hike.&#8221;
El-Erian highlighted upcoming economic data that could show the effects of rising U.S.-China trade tensions, especially China's Caixin PMI—a key gauge of private sector activity—and, to a lesser extent, factory output indicators in Europe.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In the week ahead for the global economy and markets, look for the highly data-dependent Federal Reserve to find it hard to do anything other than leave interest rates unchanged and try to get through the statement and, especially, the press conference without making any…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1919008277137871338?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45187951/on-semiconductor-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-analysts">ON Semiconductor Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Why It Matters:&nbsp;His comments come as recent data already shows concerning signs in China&#8217;s economy, with April manufacturing activity contracting for the first time in three months. The official manufacturing Purchasing Managers&#8217; <a href="https://www.benzinga.com/news/global/25/04/45094345/as-chinas-manufacturing-contracts-beijing-releases-defiant-video-calling-us-a-paper-tiger-and-vows-to-never-kneel-to-trumps-trade-war">Index fell to 49.0</a>, marking its weakest performance since mid-2023 amid falling export demand.
The observations align with shifting market expectations around future Fed policy. Betting markets tracked by Kalshi now favor just two <a href="https://in.benzinga.com/news/econ-s/25/03/44386583/speculators-trim-2025-rate-cut-bets-ahead-of-march-fed-meeting-as-inflation-risks-rise">rate cuts</a> for 2025 with a 24% implied probability, while the likelihood of only one cut jumped seven percentage points to 19% in a single day.
Inflation concerns are fueling this cautious outlook, particularly as China&#8217;s <a href="https://www.benzinga.com/news/global/25/04/45094345/as-chinas-manufacturing-contracts-beijing-releases-defiant-video-calling-us-a-paper-tiger-and-vows-to-never-kneel-to-trumps-trade-war">manufacturing sector contracted</a> following the implementation of new tariffs by President Donald Trump. U.S. banks have already downgraded <a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns">China&#8217;s 2025 growth forecas</a>t, potentially signaling a broader global economic impact from the ongoing trade dispute. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/05/45187948/skype-is-officially-retiring-today-if-youd-invested-1000-when-microsoft-bought-it-in-2011-heres-what-youd-be-sitting-on-now">Skype Is Officially Retiring Today — If You&#8217;d Invested $1,000 When Microsoft Bought It In 2011, Here&#8217;s What You&#8217;d Be Sitting On Now</a></li>
</ul>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Asia

Global

Economics

Federal Reserve

Mohamed El-Erian Expects Fed To Hold Rates, Warns US-China Trade War Impact Will Show In This Key Economic Data

Keefe, Bruyette &amp; Woods analyst Bose George downgrades Enact Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACT#NASDAQ">ACT</a>) from Outperform to Market Perform and maintains the price target from $39 to $39.

Downgrades

Keefe, Bruyette & Woods Downgrades Enact Holdings to Market Perform, Maintains Price Target to $39

Goldman Sachs analyst Matthew Sykes upgrades Sotera Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHC#NASDAQ">SHC</a>) from Neutral to Buy and raises the price target from $14 to $17.

Goldman Sachs Upgrades Sotera Health to Buy, Raises Price Target to $17

Legendary Investor Warren Buffett used a cathedral and casino metaphor to illustrate the dual aspects of U.S. capitalism. He underscored the dangers of prioritizing quick profits from speculative trading over long-term value creation.
What Happened: Warren Buffett, the chairman of Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), employed a striking metaphor to depict the American economic system at the annual shareholder meeting on Saturday.
He likened it to a grand cathedral of productivity and innovation, with an extensive casino of speculation and fast profits attached to it, as reported by CNBC.
Buffett&#8217;s &#8220;cathedral&#8221; signifies the heart of American capitalism, an economic structure that has cultivated unmatched wealth, innovation, and prosperity.
This is the economy of factories, small businesses, technological breakthroughs, and diligent individuals who create value over time. It&#8217;s the powerhouse that has propelled the United States to a global economic leadership position.
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Conversely, Buffett&#8217;s &#8220;casino&#8221; embodies the realm of speculative trading, instant wealth schemes, and financial tools that promise immediate wealth. The growth&nbsp;of the casino has been&nbsp;powered by technological progress and financial innovation, making&nbsp;speculation more accessible than ever.
"In the casino, everybody&#8217;s having a good time, there's lots of money changing hands&#8230;.it's designed to move money from one pocket to another."
Buffett cautioned that the allure to prioritize the casino&#8217;s fast gains over the cathedral&#8217;s consistent progress is intensifying, potentially shifting focus and resources away from long-term value creation.
The legendary investor stressed that the &#8220;cathedral&#8221;—the part of the system that truly serves 300 million people by building and sustaining—must not be overlooked or neglected. "The balance between the casino and the cathedral is critical," he cautioned. 
&#8220;&#8230;.in the next hundred years make sure that the cathedral is not overtaken by the casino,&#8221; emphasized Buffett.
SEE ALSO:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45187216/bitcoin-ethereum-dogecoin-slide-as-traders-turn-cautious-before-fed-meeting-analyst-foresees-btc-correction-to-86000" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slide As Traders Turn Cautious Before Fed Meeting: Analyst Foresees BTC &#8216;Correction&#8217; To $86,000 &#8211; Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided be</a>
Why It Matters: Warren Buffett, who marked 60 years at the helm of Berkshire Hathaway, announced his retirement. His comments come at a time when <a href="https://www.benzinga.com/markets/25/05/45183000/warren-buffetts-right-hand-man-greg-abel-is-quietly-taking-over-day-to-day-leadership-at-berkshire-hathaway-gotten-much-more-involved-in-capital-allocation-decisions">Greg Abel</a>, his successor at Berkshire Hathaway, is gradually assuming leadership roles, particularly in capital allocation.
This transition has been happening against the backdrop of a<a href="https://www.benzinga.com/news/earnings/25/05/45183890/berkshire-hathaways-q1-2025-earnings-plunge-amid-tariff-concerns-operating-profit-fell-14-cash-hit-a-record"> significant drop </a>in Berkshire Hathaway&#8217;s operating earnings in Q1 2025, as reported. The company&#8217;s operating profit fell 14% to $9.64 billion, largely due to a 48.6% plunge in insurance-underwriting profit. This decline has raised concerns about the potential impact of tariffs on future profits.
Buffett&#8217;s warning serves as a reminder of the importance of focusing on long-term value creation, especially in times of economic uncertainty. 
On Friday, the shares of Berkshire Hathaway rose 1.80% to close at $539.80. Over the past year, it surged 33.3%, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. 
READ MORE:
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<li><a href="https://benzinga.com/25/05/45187042/elon-musk-changes-x-name-to-gorklon-rust-sends-grok-parody-memecoins-skyrocketing" target="_blank" rel="noreferrer noopener">&#8216;</a><a href="https://benzinga.com/25/05/45187042/elon-musk-changes-x-name-to-gorklon-rust-sends-grok-parody-memecoins-skyrocketing" target="_blank" rel="noreferrer noopener">Gorklon Rust&#8217;? Elon Musk Trolls With Grok Parody, Sends Memecoins Soaring: &#8216;Did U Have To Copy My Whole Face?&#8217; &#8211; Benzinga</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: mark reinstein / Shutterstock.com

'Make Sure That The Cathedral Is Not Overtaken By The Casino' Warns Warren Buffett As He Highlights The Duality Of US Capitalism

Warren Buffett made headlines at Berkshire Hathaway Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) 60th annual shareholders meeting with plans to step down as CEO and insights on market volatility, as the conglomerate&#8217;s value reached a record $1.16 trillion despite broader market declines.
What Happened: Buffett, 94, announced he would hand over the reins to Greg Abel by year-end while maintaining his ownership stake in Berkshire Hathaway. 
The legendary investor, who appeared in good health despite using a cane, downplayed recent market volatility. &#8220;What has happened in the last 30, 45, 100 days is really nothing,&#8221; Buffett said. &#8220;This is not a huge move. This has not been a dramatic bear market or anything of the sort.&#8221;
Berkshire&#8217;s stock has climbed about 19% this year while the S&amp;P 500 has fallen 3.3%. The conglomerate now holds approximately $347 billion in cash, exceeding the cash holdings of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (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>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
Over the past year, Berkshire has <a href="https://www.benzinga.com/markets/equities/24/09/41017420/warren-buffett-moves-berkshire-hathaway-reduces-bank-of-america-holdings-by-863m">reduced its Apple holdings from 915 million shares</a> to 300 million and trimmed Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) from 1 billion to 680 million shares. See also: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/05/45187836/dave-ramsey-blasts-budget-slackers-who-bail-on-401ks-during-market-turmoil-shortterm-temper-tantrums">Dave Ramsey Blasts Budget Slackers Who Bail On 401(k)s During Market Turmoil: &#8216;Short‑Term Temper Tantrums&#8217;</a>
Why It Matters: Buffett&#8217;s succession plan marks the end of an era for one of the world&#8217;s successful investors, while his market outlook provides valuable <a href="https://www.benzinga.com/markets/25/05/45185954/want-to-invest-like-warren-buffett-heres-what-youre-probably-missing">perspective for investors navigating uncertainty</a>.
Drawing on six decades of experience that included three periods when Berkshire&#8217;s stock halved, Buffett emphasized emotional discipline. &#8220;People have emotions, but you&#8217;ve got to check them at the door when you invest,&#8221; he advised.
His patient approach with Berkshire&#8217;s substantial cash reserves signals strategic positioning, as he anticipates the company will eventually be &#8220;bombarded with offerings that we will be glad we have the cash for&#8221;—a reminder to investors that maintaining liquidity during volatility can create future advantages. Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45187820/tyson-foods-ford-and-3-stocks-to-watch-heading-into-monday">Tyson Foods, Ford And 3 Stocks To Watch Heading Into Monday</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/25/05/45187820/tyson-foods-ford-and-3-stocks-to-watch-heading-into-monday"> </a>

Management

Opinion

AAPL

AMZN

GOOG

GOOGL

MSFT

'You've Got To Check Emotions At The Door:' Warren Buffett Offers Timeless Investing Wisdom Amid Market Turmoil

President Donald Trump, in a recent interview, did not provide a clear answer when asked if he would uphold the U.S. Constitution while ordering mass deportations.
Speaking to Kristen Welker at his Mar-a-Lago resort, Trump consistently deferred to his lawyers when questioned about due process rights for immigrants.
What Happened: During the NBC <a href="https://www.nbcnews.com/politics/trump-administration/trump-asked-uphold-constitution-says-dont-know-rcna204580">interview</a>, when Welker asked Trump if he agreed with Secretary of State Marco Rubio that everyone in the U.S. has the right to due process, Trump said, "I don't know. I'm not a lawyer."
He highlighted the logistical challenge of organizing trials for millions of immigrants, saying, "We'd have to have a million or 2 million or 3 million trials." He further added, "<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/04/45069781/trumps-first-100-days-what-he-delivered-where-he-fell-short-how-markets-reacted">I was elected</a> to get them the hell out of here, and the courts are holding me from doing it."
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45187535/scott-bessent-defends-trumps-economic-agenda-as-engine-designed-to-drive-economic-growth-despite-gdp-contraction-and-falling-approval">Scott Bessent Defends Trump&#8217;s Economic Agenda As &#8216;Engine Designed To Drive Economic Growth,&#8217; Despite GDP Contraction And Falling Approval</a>
To <a href="https://www.benzinga.com/25/04/44789245/1-4-million-migrants-with-deportation-orders-could-be-facing-daily-fines-of-998-if-they-dont-leave-the-u-s">facilitate deportations</a>, the Trump administration has relied on a seldom-enforced 1798 law called the <a href="https://www.benzinga.com/politics/25/04/44680699/alien-enemies-act-survives-court-challenge-trump-gains-green-light-for-swift-deportations">Alien Enemies Act</a>, which has provisions to bypass standard immigration procedures and expedite deportations, especially of alleged Venezuelan gang members.
The Supreme Court has stepped in twice to block these efforts, ruling that immigrants are entitled to fundamental due process protections.
Why It Matters: The Fifth Amendment guarantees due process to "no person," regardless of citizenship status. In January, the American Civil Liberties Union sued the Trump administration for implementing the Alien Enemies Act.
Anand Balakrishnan, senior staff attorney with the ACLU's Immigrants' Rights Project and lead counsel, said: "The Trump administration wants to use this illegal policy to fuel its mass deportation agenda and rip communities apart. Expanding expedited removal would give Trump a cheat code to circumvent due process and the Constitution, and we are again here to fight it."
"People living in communities all across the United States are at risk of being separated from their families and expelled from the country with no legal recourse. This is an attack on communities, our Constitution, and fundamental American values," he <a href="https://www.aclu.org/press-releases/immigrants-rights-advocates-sue-trump-administration-over-fast-track-deportation-policy">added</a>.
Trump&#8217;s comments come on the heels of a <a href="https://www.benzinga.com/news/25/04/45002141/trumps-deportation-policies-could-worsen-social-securitys-funding-shortfall-by-11-warns-new-report">new report</a> that says his deportation policies could worsen Social Security's current funding shortfall by around 11%.
Read Next:
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<li><a href="https://www.benzinga.com/general/education/25/05/45187710/peter-schiff-says-trumps-100-tariff-on-foreign-films-pointless-without-targeting-streamingwarns-netflix-subscribers-would-bear-cost">Peter Schiff Says Trump&#8217;s 100% Tariff On Foreign Films &#8216;Pointless,&#8217; Warns Netflix Subscribers Would Bear Cost</a></li>
</ul>
Photo Courtesy: Maxim Elramsisy On Shutterstock

Government

Trump Says 'I Don't Know' When Asked If He Has To Uphold The Constitution When It Comes To Mass Deportations

For FY24/25, Global Blue expects to report:
<ul>
<li>Sales in Store (SiS) of approximately EUR 32.8 billion to EUR 33.0 billion</li>
<li>Revenue of approximately EUR 506 million to EUR 510 million</li>
<li>Adjusted EBITDA of approximately EUR 201 million to EUR 204 million</li>
<li>CAPEX of approximately EUR 50 million to EUR 51 million</li>
<li>Cash and cash equivalents of approximately EUR 123 million to EUR 125 million</li>
</ul>

Global Blue Group Reported FY25 Preliminary Revenue Of $532.11M-$536.32M Vs $506.4M Est

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Hims & Hers Health, Inc. Class A Common Stock

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Earnings Scheduled For May 5, 2025

Editor's Note: A typographical error in the headline of this story has been corrected.
A faction of Senate Democrats, known for their pro-cryptocurrency stance, expressed its opposition to a Republican-led stablecoin legislation on Saturday, citing concerns about the modified version.
What Happened: A group of nine Democrats, who have previously backed crypto-friendly laws, voiced their concerns over the GENIUS Act, popularly known as the stablecoin bill, as <a href="https://www.politico.com/news/2025/05/03/crypto-democrats-senate-stablecoin-00325255">reported </a>by Politico. They said that the bill has multiple issues that need to be resolved before they can support it.
The statement was endorsed by Sen.&nbsp;Ruben Gallego&nbsp;(D-Ariz.), Sen.&nbsp;Mark Warner (D-Va.),&nbsp;Sen. Lisa Blunt Rochester (D-Del.) and Sen. Andy Kim (D-N.J.), who had earlier&nbsp;voted in favor of the&nbsp;bill when <a href="https://www.benzinga.com/content/44516699/u-s-congress-advances-stablecoin-regulation-with-the-introduction-of-the-stable-act">it got approval</a> by&nbsp;the Senate Banking Committee in&nbsp;March.
The lawmakers said that the bill needs &#8220;stronger provisions&#8221; on anti-money laundering, foreign issuers and national security.
Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.), a fierce cryptocurrency critic from the political fraternity, noted how a Trump family-backed USD1 became one of the most valued stablecoins, currently the fifth-largest by market capitalization, thanks to a &#8220;shady deal&#8221; <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45160707/eric-trump-says-world-libertys-stablecoin-will-be-used-to-close-a-2-billion-deal-dollar-token-to-also-get-integrated-with-justin-suns-tron-blockchain">with the UAE-based investment firm</a>. 
&#8220;The Senate shouldn't pass a crypto bill this week to facilitate this kind of corruption,&#8221; Warren said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with the United Arab Emirates—a foreign government that will give them a crazy amount of money. The Senate shouldn't pass a crypto bill this week to facilitate this kind of corruption. <a href="https://t.co/4is9KgpXQb">pic.twitter.com/4is9KgpXQb</a>
&mdash; Elizabeth Warren (@SenWarren) <a href="https://twitter.com/SenWarren/status/1919135145849729282?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45186028/arthur-hayes-foresees-bitcoins-leap-to-1-million-says-bitcoin-does-best-when-money-is-printed" target="_blank" rel="noreferrer noopener">Arthur Hayes Foresees Bitcoin&#8217;s Leap To $1 Million, Says Bitcoin Does Best When Money Is Printed</a>
The proposed legislation aims to establish the first U.S. regulatory framework for stablecoin issuers, digital tokens that are tied&nbsp;to other assets like the&nbsp;dollar. 
The Senate is set to start deliberations on&nbsp;the landmark bill shortly,&nbsp;with the first procedural vote&nbsp;on the legislation expected as&nbsp;early&nbsp;as next week. 
Senator&nbsp;Bill Hagerty&nbsp;(R-Tenn.), the bill sponsor, urged bipartisan backing for the legislation, citing its potential to strengthen U.S. supremacy in digital assets and boost the dollar.
<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 must advance legislation that enshrines American leadership in the digital asset space and protects the US dollar for centuries to come. That time is now. We have a choice here. Move forward and make any remaining changes needed in a bipartisan way, or show that digital… <a href="https://t.co/Y7qwGPK1m0">https://t.co/Y7qwGPK1m0</a>
&mdash; Senator Bill Hagerty (@SenatorHagerty) <a href="https://twitter.com/SenatorHagerty/status/1918827160954909111?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The opposition from Senate Democrats could pose a significant hurdle to the passage of the bill, potentially impacting the future of an industry <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44812762/stablecoins-to-surge-to-2-trillion-by-2028-says-standard-chartered-heres-what-it-means-for-the-dollar">projected to grow to $2 trillion by 2028</a>.
The stablecoin legislation has been a topic of discussion since President&nbsp;Donald Trump&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44420122/donald-trump-calls-for-stablecoin-legislation-lauds-bitcoin-reserve-biden-got-a-fraction-of-their-value">called for its passage</a> in March. 
Interestingly, the dollar-pegged stablecoin USD1, launched on both Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), was chosen to close a $2 billion deal between Abu Dhabi investment firm MGX and cryptocurrency exchange Binance, as announced by&nbsp;Eric Trump&nbsp;at a recent cryptocurrency conference. 
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2" target="_blank" rel="noreferrer noopener">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
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>
Photo Courtesy: Wirestock Creators On Shutterstock.com

$ETH

Elizabeth Warren Slams 'Shady' Deal Involving Trump Family-Backed USD1 As Democrats Withdraw Support For Senate Crypto Bill (CORRECTED)

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) users who believe Siri may have <a href="https://www.benzinga.com/tech/25/01/42890955/apple-clarifies-siri-privacy-policies-after-95-million-settlement:">secretly recorded private conversations</a> now have a chance to get compensated—if they act quickly.
What Happened: Eligible consumers began receiving emails titled "Lopez Voice Assistant Class Action Settlement," informing them they may be entitled to part of the settlement, <a href="https://appleinsider.com/articles/25/05/04/iphone-owners-emailed-to-apply-for-siri-privacy-lawsuits-95m-settlement?utm_medium=social&amp;utm_source=rss&amp;utm_medium=Sendible&amp;utm_campaign=RSS">reported</a> AppleInsider on Saturday, citing an email seen by the publication.
To qualify, individuals must have owned or purchased a Siri-enabled device in the U.S. between Sept. 17, 2014, and Dec. 31, 2024, and believe Siri recorded private conversations without their intent.
Apple <a href="https://www.benzinga.com/news/global/25/01/42780075/apple-settles-95-million-lawsuit-over-siri-privacy-violations-affected-users-to-receive-up-to-20-per-device">agreed to a $95 million settlement</a> to resolve this class-action lawsuit in January 2025. While $95 million sounds significant, it will be reduced by legal and administrative costs.
See Also: <a href="https://www.benzinga.com/media/25/05/45187563/apple-plans-major-iphone-launch-overhaul-with-biannual-release-schedule-starting-2026-report">Apple To Split iPhone Launches Starting 2026, Foldable Model May Debut With iPhone 18 Pro: Report</a>
Eligible individuals can claim compensation for up to five Siri-enabled devices, capped at $20 per device. This means users may receive as much as $100, though the actual payout will depend on how many claims are submitted.
Claims must be filed by July 2, 2025, either online or via mail. Users will need a Claim ID and Confirmation Code provided in the notification email, though alternative instructions exist for those who didn't receive a code but believe they qualify.
Consumers can also object to or opt out of the settlement by the same July 2 deadline. A final court approval hearing is scheduled for Aug. 1, 2025, the report noted.
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.
Why It's Important: The lawsuit claimed that Siri-enabled devices were activated accidentally, capturing sensitive discussions and being reviewed by third-party contractors.
Despite the settlement, Apple continues to deny any wrongdoing, stating the agreement is not an admission of liability.
In late 2023, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google agreed to a <a href="https://www.benzinga.com/news/23/12/36296656/google-agrees-to-700m-settlement-in-antitrust-case-promises-play-store-policy-revisions">$700 million settlement</a> in a separate case involving unauthorized recordings made by its voice assistant.
Apple reported <a href="https://www.benzinga.com/news/earnings/25/05/45152493/apple-reports-strong-q2-earnings-revenue-beat-eps-beat-installed-base-hits-all-time-high-across-all-segments-100-billion-buyback-and-more">fiscal second-quarter revenue</a> of $95.36 billion, surpassing Wall Street's forecast of $94.53 billion. For the June quarter, the company anticipates revenue growth in the low-to-mid-single-digit range, with an expected gross margin between 45.5% and 46.5%.
Price Movement: Apple shares fell by 3.74% in Friday's regular trading and dropped an additional 0.15% in after-hours, closing at $205.04, based on <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
As per Benzinga Edge&#8217;s Stock Rankings, Apple has a growth score of 44.92% and a momentum score of 77.92%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it compares to</a> Alphabet and other top tech stocks.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45126668/apple-lied-under-oath-judge-says-tim-cook-ignored-internal-warnings-in-epic-games-case-fallout-this-is-an-injunction-not-a-negotiation" target="_blank" rel="noreferrer noopener">Apple Executive ‘Outright Lied,&#8217; Says Judge In Epic Case Fallout — Tim Cook ‘Chose Poorly&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.
Image Via Shutterstock

Legal

Tech

Media

iPhone Users Invited To Claim Share Of Apple's $95 Million Privacy Lawsuit Settlement: How To Know If You're On The List

Billionaire investor and Shark Tank fame, Mark Cuban, questioned President Donald Trump&#8217;s focus on small businesses amid the tariff and the recession backdrop, asking if only the &#8220;big industries&#8221; mattered.
What Happened: President Trump, while speaking to a reporter from NBC News, responded to a question about tariff relief for small industries and said, &#8220;Why do you always mention, you know, a couple of little businesses? What about the car business? They&#8217;re gonna make a fortune because of the tariffs.&#8221;
Responding to the clip, Cuban asked, &#8220;Should small businesses be ignored? Or are big industries all that matter?&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Should small businesses be ignored? Or are big industries all that matter ? <a href="https://t.co/OBZVs1PSTz">https://t.co/OBZVs1PSTz</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1919101808208654381?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
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In another X post, Cuban explained how small cities, towns, and states will get hit the worst because of a recession. &#8220;Recessions don't hit all parts of the country equally,&#8221; he said. 
According to him, the smaller towns and businesses that are more expensive to reach will be more susceptible to the impact of tariffs.
These entities will be the first to see their product shipments cut when there are shortages, and their prices will go up more as a result, he said.
<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">Recessions don't hit all parts of the country equally. IMO, small cities, towns and states will get hit the worst. And it won't be pretty. They are more dependent on federal spending, so they will feel the brunt of federal spending cuts and job reductions disproportionately.…
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1918794980690387056?ref_src=twsrc%5Etfw">May 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45187807/sp-500s-9-day-climb-not-a-recession-signal-argue-analysts-amid-conflicting-research-simply">S&amp;P 500&#8217;s 9-Day Climb Not A Recession Signal, Argue Analysts Amid Conflicting Research: &#8216;Simply Wrong/Lazy Analysis&#8217; </a>
Why It Matters: Trump&#8217;s focus has been on the auto industry as he <a href="https://www.benzinga.com/25/04/45059191/donald-trump-will-reduce-impact-on-us-auto-industry-by-alleviating-some-auto-tarrifs-report">modified planned auto import tariffs</a> in an April 29 executive order, offering Detroit automakers a two-year reprieve.
Instead of a 25% tariff on all imported autos and parts, the orders capped tariffs at 25% per vehicle, exempting aluminum, steel, and USMCA-compliant content. U.S.-built vehicles with 85% U.S. and/or USMCA content are tariff-free in the first year.
Michigan auto groups had <a href="https://www.benzinga.com/25/04/44729157/michigan-auto-groups-criticize-trump-for-not-halting-auto-tariffs">criticized the tariffs</a>, citing job and supply chain uncertainty. 
Detroit-based automakers, General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), along with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), could benefit from these decisions.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Friday. The SPY was up 1.48% to $566.76, while the QQQ advanced 1.48% to $488.83, according to Benzinga Pro data.
The futures of Dow Jones, S&amp;P 500, and Nasdaq 100 were trading lower on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/05/45187070/warren-buffett-retires-after-decades-of-dominancefrom-tim-cook-to-mark-cuban-worlds-top-business-leaders-react-to-the-investment-icons-exit">‘Curtain Call For The Captain:' Tim Cook, Bill Gates, Mark Cuban And Other Top Business Leaders React As Warren Buffett Bows Out </a></li>
</ul>
Photo courtesy: Shutterstock

STLA

TSLA

Billionaire Mark Cuban Asks Should Small Businesses Be 'Ignored' After Trump Redirects Question On Tariff Relief For 'Little Businesses'

Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), maker of the world's most advanced electric vehicles, and King Abdullah University of Science and Technology (KAUST), a leading academic and research institution focused on science and technology innovation with regional and global impact, today announced a strategic partnership designed to shape the future of EV technology. Leveraging the growing resources in the Kingdom of Saudi Arabia, Lucid aims to further advance the company's technology leadership.&nbsp;

LCID

Lucid Group and KAUST Team Up to Shape the Future of EV Tech in Saudi Arabia

A Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) spot exchange-traded fund due for a decision on Monday may be delayed by the SEC, an analyst said.
What happened: In an X post, Bloomberg analyst James Seyffart noted May 5 has been designated as the date for deciding whether to approve or disapprove the Canary Litecoin ETF. The fund's 19b-4 filing was <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43328116/litecoin-spikes-over-11-after-sec-acknowledges-etf-filing-market-regulator-says-ltc-very-similar-to-bitcoin">acknowledged</a> by the SEC earlier in January.
"If any asset has a chance of early approval, it&#8217;s Litecoin IMO. Personally think a delay is more likely but def something to watch," Seyffart remarked.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/CanaryFunds?ref_src=twsrc%5Etfw">@CanaryFunds</a> Litecoin ETF filing is due for a decision (possibly a delay) by Monday 5/5. SEC went early &amp; delayed a bunch of filings but not this. If any asset has a chance of early approval it&#39;s Litecoin IMO. Personally think a delay is more likely but def something to watch <a href="https://t.co/FilnUcMtUH">pic.twitter.com/FilnUcMtUH</a>
&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1919159854691713334?ref_src=twsrc%5Etfw">May 4, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/25/05/45125478/nayib-bukele-led-el-salvador-will-continue-to-buy-bitcoin-says-minister-on-imf-requirement">El Salvador Committed To Buy Bitcoin Despite IMF Requirement, Says Minister— &#8216;Important Project&#8217; Started By Nayib Bukele</a>
Why It Matters: The SEC is required to decide on ETF applications within 240 days of the acknowledgment of the 19b-4 filing. Throughout this period, the agency releases filings at predetermined intervals to indicate whether it has ruled on the proposals or requires additional time to evaluate them. The final deadline was set to Oct. 2.
Notably, Bloomberg gave Litecoin ETF a 90% likelihood of approval from the SEC, with senior analyst Eric Balchunas previously stating that <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43047964/litecoin-surges-12-after-analyst-says-altcoin-most-likely-to-have-next-etf-after-bitcoin-ethereum">Litecoin would be the first altcoin ETF </a>in 2025.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Would love to hear directly from Atkins, but all good chance of happening. Here's our latest odds of approval for all the dif spot ETFs via <a href="https://twitter.com/JSeyff?ref_src=twsrc%5Etfw">@JSeyff</a> <a href="https://t.co/nLhYJJmO9U">https://t.co/nLhYJJmO9U</a> <a href="https://t.co/4AcJVwhics">pic.twitter.com/4AcJVwhics</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1917444433282490606?ref_src=twsrc%5Etfw">April 30, 2025</a></blockquote>
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As of this writing, cryptocurrency bettors on popular prediction platform Polymarket saw an <a href="https://polymarket.com/event/litecoin-etf-approved-in-2025">80%</a> chance of approval in 2025.
Interestingly, the SEC described Litecoin as "very similar" to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) while acknowledging its 19b-4 application earlier. 
<a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">Bitcoin ETFs</a> started trading on Wall Street last year. The iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) has become the world&#8217;s largest Bitcoin fund with assets under management worth over $58 billion as of this writing.
Price Action: At the time of writing, Litecoin was exchanging hands at $88.01, up 1.41% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. The proof-of-work cryptocurrency bucked the decline in Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), which dipped 1.30% and 1.47%, respectively.
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Image Via Shutterstock

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$LTC

IBIT

Litecoin Defies Bitcoin, Ethereum Dip Ahead Of SEC ETF Decision: 'A Delay Is More Likely,' Says Expert

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) reached an all-time high in Sunday overnight trading, topping at $126.28 on Robinhood&#8217;s 24-hour trading platform after closing at $124.28 on Friday.
What Happened: Bear Traps Report founder Lawrence McDonald reacted to the milestone on the social media platform X, writing: &#8220;So much fear, so so many bears out there :)&#8221;
The stock surge comes just ahead of the company&#8217;s <a href="https://www.benzinga.com/markets/equities/25/05/45187449/dan-ives-calls-palantir-the-missing-piece-in-ai-puzzle-expects-good-news-from-alex-karps-company-on-monday">first-quarter earnings report due Monday</a>, with analysts projecting earnings of 13 cents per share on revenue of $862.83 million.
Wedbush Securities analyst Dan Ives highlighted Palantir as &#8220;the missing piece in the AI puzzle&#8221; in a Sunday social media post. &#8220;Karp &amp; Co. are a major barometer for the pace of U.S. commercial AI projects and initiatives and we expect good news from the Messi of AI on Monday,&#8221; Ives wrote, referring to Palantir CEO Alex Karp.
Palantir shares have surged 392% over the past year amid growing investor enthusiasm about the company&#8217;s AI capabilities and government contracts. The company recently delivered battlefield TITAN systems to the U.S. Army and announced a partnership with NATO Allied Command Operations to provide <a href="https://www.benzinga.com/trading-ideas/movers/25/04/45113101/palantir-stock-is-up-55-ytd-heading-into-earnings-next-week-whats-going-on">AI-powered military technology</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">So much fear, so so many bears out there &#x1f642; <a href="https://t.co/dEF7zUXUZA">https://t.co/dEF7zUXUZA</a>
&mdash; Lawrence McDonald (@Convertbond) <a href="https://twitter.com/Convertbond/status/1919214225756414037?ref_src=twsrc%5Etfw">May 5, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/05/45187836/dave-ramsey-blasts-budget-slackers-who-bail-on-401ks-during-market-turmoil-shortterm-temper-tantrums">Dave Ramsey Blasts Budget Slackers Who Bail On 401(k)s During Market Turmoil: &#8216;Short‑Term Temper Tantrums&#8217;</a>
Why It Matters: In the fourth quarter of 2024, Palantir reported $827.52 million in revenue and 14 cents in adjusted earnings per share, beating analyst estimates. U.S. revenue grew 52% year-over-year, with the company closing 129 deals worth over $1 million.
Palantir has a consensus price target of $69.76 from 25 analysts, according to <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">data from Benzinga Pro</a>, with a high of $125 from Loop Capital and a low of $7.50 from Wolfe Research. The latest targets from RBC Capital, Morgan Stanley, and DA Davidson average $76.67, implying a 38.44% downside.
Palantir shows a positive short- to long-term price trend, according to Benzinga Stock Edge Ranking. It scores well on growth and momentum but lags on valuation. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
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<li><a href="https://www.benzinga.com/media/25/05/45187563/apple-plans-major-iphone-launch-overhaul-with-biannual-release-schedule-starting-2026-report">Apple To Split iPhone Launches Starting 2026, Foldable Model May Debut With iPhone 18 Pro: Report</a></li>
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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.
Image Via Shutterstock

Palantir Climbs Above $126 In Overnight Robinhood Trading: 'So Many Bears Out There,' Says Lawrence McDonald

The ongoing U.S.-China trade dispute may find resolution through the reported appointment of special envoys by Presidents&nbsp;Donald Trump and Xi Jinping.&nbsp;This could pave the way for better communication channels, analysts suggest.
What Happened: The U.S. and China are grappling with how to restart trade talks. While the Chinese have proposed the concept of special envoys, the U.S. is reluctant, favoring direct negotiations between Trump and Xi. However, the Chinese view this proposal as &#8220;risky and uncertain&#8221;, the South China Morning Post reported <a href="https://www.scmp.com/news/china/diplomacy/article/3308919/us-china-trade-stand-ease-negotiators-must-be-agreed-upon-analysts">on</a> Saturday.
Chinese experts based in Washington believe that appointing special envoys from both countries could help address and stabilize the strained relationship.
The situation is further complicated by a dispute regarding China&#8217;s role in supplying ingredients used in the illicit production of fentanyl, a powerful opioid. This led to Trump imposing a 20%&nbsp;tariff on Chinese products in&nbsp;a previous round of duty increases.
As per a Wall Street Journal report <a href="https://www.wsj.com/world/china/beijing-weighs-fentanyl-offer-to-u-s-to-start-trade-talks-287cf233">on</a> Friday, China may use the fentanyl issue as a lever for trade talks or as a bargaining chip in future negotiations. The report also hints that China might send Minister for Public Security Wang Xiaohong to the U.S. to kickstart discussions.
Eurasia Group&#8217;s Jeremy Chan told SCMP, "Beijing is hoping to use fentanyl cooperation as either a catalyst for US-China trade talks or a bargaining chip in a future round of negotiations, rather than a goodwill gesture ahead of trade talks as Trump's team has called for.&#8221;
Why It Matters:&nbsp;This development comes in the wake of China&#8217;s Commerce Ministry &#8216;<a href="https://www.benzinga.com/25/05/45160145/china-says-door-is-open-for-talks-while-it-is-assessing-us-trade-proposal-but-warns-coercion-and-extortion-wont-work">assessing</a>&#8216; a U.S. offer to discuss the crippling 145% tariffs imposed by President Donald Trump on Friday. China expressed its readiness to engage in discussions but insisted that the U.S. must be prepared to rectify &#8220;erroneous practices&#8221; and revoke unilateral tariffs.
On Sunday, President Trump stated that his primary objective was to secure a fair trade agreement with China. While speaking to reporters aboard Air Force One, he mentioned that he had no plans to talk with Chinese President Xi Jinping this week. However, he added that U.S. officials were in discussions with their Chinese counterparts on a range of issues.
Earlier, <a href="https://www.benzinga.com/markets/25/04/45065482/us-china-to-ease-tariffs-gradually-after-complex-talks-says-morgan-stanley-but-cuts-chinas-growth-outlook">economists</a> at Morgan Stanley projected that both nations would begin negotiations and gradually decrease tariffs on Chinese imports to 60% by the end of Q2. However, tariffs are not expected to revert to their pre-January 25 levels.
More in-depth talks in the second half of the year could further lower tariffs on Chinese imports to 34% by the end of 2025, indicating the abolition of the 20% fentanyl-related tariff.
On Friday, U.S.-listed Chinese stocks PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), and Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbed 4.67%, 4.34%, and 2.33%, respectively, after China showed openness to U.S. trade talks.
READ MORE:
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<li><a href="https://benzinga.com/markets/25/05/45183000/warren-buffetts-right-hand-man-greg-abel-is-quietly-taking-over-day-to-day-leadership-at-berkshire-hathaway-gotten-much-more-involved-in-capital-allocation-decisions" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Right-Hand Man Greg Abel Is Quietly Taking Over Day-To-Day Leadership At Berkshire Hathaway: &#8216;Gotten Much More Involved In Capital Allocation Decisions&#8217; &#8211; Benzinga</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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Zhihu Inc. Reports Unaudited Second Quarter 2024 Financial Results

Zhihu Inc. Commences Tender Offers to Buy Back Up to US$54.8 Million of Its Class A Ordinary Shares and American Depositary Shares

Zhihu Inc. Announces Results of the Extraordinary General Meeting and Satisfaction of the Condition of the Tender Offers

Zhihu Inc. Updates a Director's Intention to Participate in the Tender Offers

Zhihu Inc. Announces Results of Tender Offers to Buy Back Its Class A Ordinary Shares and American Depositary Shares

Zhihu Inc. to Report Third Quarter 2024 Financial Results on November 26, 2024

Zhihu Inc. Reports Unaudited Third Quarter 2024 Financial Results

Zhihu Inc. to Report Fourth Quarter and Full Year 2024 Financial Results on March 26, 2025

Zhihu Inc. Reports Unaudited Fourth Quarter and Fiscal Year 2024 Financial Results

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