Coupang (NYSE:CPNG) 주식

Coupang

Coupang is South Korea's largest e-commerce platform that sells both owned and third-party inventory. Headquartered in the US, Coupang operates e-commerce businesses mainly in South Korea and Taiwan. The company has built an integrated logistics network that covers the entirety of South Korea, with extensive fulfillment centers that ensure timely delivery, even for orders placed seconds before midnight. Outside of its bread-and-butter e-commerce business, Coupang has expanded into provision of its Rocket delivery services to third-party merchants (fulfillment and logistics by Coupang), online grocery delivery Rocket Fresh, online meal delivery (Eats), e-commerce in Taiwan, luxury e-commerce (Farfetch), and travel.

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케이티 허버티(Katy Huberty)는 모건 스탠리의 글로벌 리서치 책임자로, 인공지능(AI) 도입으로 인해 상당한 이점을 얻을 가능성이 있는 20개의 주식을 주목했다. 무슨 일이 있었나: 허버티는 현재 AI 도입을 위한 &#34;전환점&#34;에 있다고 언급했다. 그녀는 AI를 활용하여 수익을 증대시키는 기업들이 상당한 혜택을 누릴 준비가 되어 있다고 강조했다.

모건 스탠리, 인공지능 채택이 임계치에 도달함에 따라 상위 20개 AI 기반 주식 공개

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파산 블록 모든 것을 축하할 수 있는 원스톱 상점인 파티 시티 홀드코(Party City Holdco Inc.)가 사업 정리를 하고 있다. 회사 내 700개 매장에서 폐업 세일을 진행하고 있다.

딜 디스패치: 파티 시티 사업 정리, 빅랏츠 파산, 더 컨테이너 스토어 계속 영업 등

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알리바바 그룹 홀딩(NYSE:BABA)은 약 40억 달러로 평가되는 이마트와의 한국 사업 합병을 거의 마쳤다고 전해졌다. 이 전략적 움직임은 한국의 경쟁이 치열한 온라인 소매 시장에서의 입지를 강화하기 위한 것이다.

알리바바, 한국 이마트와 40억 달러 규모의 전자 상거래 합병에 근접: 보도

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Electric vehicle giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has been around for decades and the company we know today can trace its roots back to a meeting and idea made during a lunch conversation, similar to the creation of NVIDIA.
Some Tesla fans may know the story of how a lunch date led to the formation of the company as we know it today.
For others, the story, which was reshared by Tesla co-founders&nbsp;JB Straubel&nbsp;and&nbsp;Elon Musk,&nbsp;may be new.
What Happened:&nbsp;Speaking&nbsp;<a href="https://www.benzinga.com/news/22/05/27090485/elon-musk-and-jb-straubel-reuniting-for-panel-this-week-heres-how-and-when-you-can-see-it" target="_blank" rel="noreferrer noopener">together&nbsp;</a>at the Financial Times&nbsp;<a href="https://www.youtube.com/watch?v=VfyrQVhfGZc" target="_blank" rel="noreferrer noopener">"Future of the Car" event</a>&nbsp;in 2022, Straubel and Musk&nbsp;<a href="https://cleantechnica.com/2022/05/12/the-lunch-with-elon-musk-that-led-to-tesla/" target="_blank" rel="noreferrer noopener">recalled&nbsp;</a>their lunch date that led to the creation of Tesla and the groundwork for the Tesla Roadster.
Musk said he received a call from Strabuel out of the blue to discuss items like space and hydrogen airplanes. Musk agreed to the lunch, and ultimately the conversation shifted to lithium-ion batteries and electric vehicles.
Musk shared with Straubel that he thought electric vehicles were the future. Straubel invited Musk to test drive the tzero prototype from&nbsp;AC Propulsion.
"I got a test drive in the tzero and I tried to convince them to commercialize the T-O," Musk said. "I tried very hard, actually, to commercialize the tzero electric sports car."
The AC Propulsion team was not interested in commercializing the vehicle, which led to Musk asking about his potential with the vehicle.
"Well do you mind if I do that? Do you mind if I create a commercial electric sports car?"
Musk said the group said yeah, and he began the mission of creating&nbsp;a company to commercialize the tzero along with Straubel.
Tom Gage&nbsp;from AC Propulsion introduced Musk to a trio that was interested in commercializing the vehicle, that was&nbsp;Marc Tarpenning, Martin Eberhard&nbsp;and&nbsp;Ian Wright.
"It was really just three guys and JB and me. We just decided to team up and create a commercial version of the tzero electric sports car."
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<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
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Why It's Important:&nbsp;The creation of Tesla as a company remains a controversial topic to this day, as the three co-founders outside of Musk and Straubel have claimed they had a company prior to ever meeting Musk, something the world's richest man disagrees with.
Musk and Straubel also shared details of the early struggles of the company during their speaking event at the "Future of the Car" event.
Straubel&nbsp;<a href="https://www.benzinga.com/news/19/07/14134371/tesla-co-founder-jb-straubel-is-the-latest-executive-to-depart" target="_blank" rel="noreferrer noopener">left&nbsp;</a>Tesla in 2019 and is now the CEO of Redwood Materials.&nbsp;
The resharing of the famous lunch meeting could be an important lesson for entrepreneurs that even when the original topic of a lunch meeting isn't something you want to discuss, it could be a meeting that could lead to one of the most important business decisions of all time.
Read Next: 
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<li><a href="https://www.benzinga.com/news/entertainment/25/06/46042333/elon-musk-paid-1m-for-a-james-bond-car-it-was-found-in-a-100-storage-unit">Elon Musk Paid $1M For A James Bond Car — It Was Found In A $100 Storage Unit</a></li>
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This article was previously published by Benzinga and has been updated.
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TSLA

Elon Musk Reveals The Lunch That Launched Tesla: 'Do You Mind If I Do That?'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) marks its 15th anniversary of its initial public offering (IPO) with a staggering 300-fold surge in its stock value.
Tesla&#8217;s IPO occurred 15 years ago, on June 29 2010, with the company generating around $150 million in revenue, primarily from the Roadster, its two-seat electric sports car. The Model S sedan, targeting the premium vehicle market, was still two years away from launch.
The IPO was a gamble on CEO&nbsp;Elon Musk&#8216;s ability to create a range of mass-market electric vehicles and build an automaker far&nbsp;from the Detroit auto hub,&nbsp;centered instead on Silicon Valley.
An investor who put $10,000&nbsp;in Tesla&#8217;s stock at the IPO and held onto the shares would now have a stake worth nearly $3 million. Tesla is currently&nbsp;the eighth most-valuable publicly traded&nbsp;U.S. company, boasting&nbsp;a market cap of over&nbsp;$1 trillion.
Tesla&#8217;s&nbsp;financial success over the past&nbsp;decade has been shaped by the&nbsp;top-selling Model Y SUV and&nbsp;Model 3 sedan, along with&nbsp;sales of environmental regulatory credits.
Also Read: <a href="https://www.benzinga.com/news/politics/25/06/46159125/elon-musk-calls-trumps-megabill-political-suicide-says-it-is-utterly-insane-and-destructive-will-destroy-millions-of-jobs-in-america">Elon Musk Calls Trump&#8217;s Megabill &#8216;Political Suicide,&#8217; Says &#8216;It Is Utterly Insane and Destructive,&#8217; Will &#8216;Destroy Millions of Jobs in America&#8217;</a>
Musk, now the world&#8217;s richest person, has told investors that the reason to buy and own Tesla stock from here has almost nothing to do with selling cars to consumers. 
"If somebody doesn't believe Tesla's going to solve autonomy, I think they should not be an investor in the company," Musk <a href="https://www.cnbc.com/2024/04/24/elon-musk-is-keeping-investors-dreams-of-a-tesla-robotaxi-alive.html">said</a>, and as reported by CNBC, on an earnings call last year. 
Instead, he sees the potential in Tesla&#8217;s Optimus humanoid robots and the company&#8217;s autonomous driving technology.
While Tesla continues to enjoy a loyal fan base and support from a number of bullish analysts, Wall Street remains cautious about Elon Musk's ambitious projections—many viewing them as already priced into the stock. 
Tesla&#8217;s stock is down about 20% this year, underperforming major U.S. indexes and lagging behind all of its megacap tech peers. Only Apple, with a year-to-date decline of 19.7%, comes close.
Earlier in June, Tesla&#8217;s vice president of Optimus robotics, Milan Kovac, announced his departure from the company after a nine-year tenure.
Despite these challenges,&nbsp;Tesla investors have learned that&nbsp;volatility is a big part&nbsp;of the company&#8217;s story, with the stock experiencing significant gains or losses on&nbsp;more than 40 occasions in&nbsp;the past 15 years.
Read Next
<a href="https://www.benzinga.com/news/politics/25/06/45827928/musk-vs-trump-tesla-slashes-cybertruck-prices-after-feud-heats-up-heres-how-much-you-need-to-pay-for-it-now">Musk vs. Trump: Tesla Slashes Cybertruck Prices After Feud Heats Up, Here&#8217;s How Much You Need To Pay for It Now</a>

On This Day 15 Years Ago, Elon Musk's Tesla Took A Risk On The Public Markets — Now It's Paid Off Nearly 300 Times Over

Steve Jobs once spent two weeks debating which washing machine to buy, a decision that turned into a dinner-table saga, illustrating the Apple co-founder's belief that every choice, no matter how mundane, deserved the same rigor he applied to the Macintosh and iPhone.
What Happened: Jobs <a href="https://www.wired.com/1996/02/jobs-2/">told</a> Wired in 1996 that "Americans make washers and dryers all wrong," praising European models that "wash them with about a quarter as much water" and leave clothes "much cleaner, much softer and they last a lot longer."
Night after night, he and his family weighed trade-offs. "Did we care most about getting our wash done in an hour versus an hour and a half? Or did we care about our clothes feeling really soft and lasting longer?" he recalled.
The conversations finally produced a winner — a German-made Miele set. "I got more thrill out of them than I have out of any piece of high tech in years," Jobs said.
See also: <a href="https://www.benzinga.com/markets/tech/25/06/46047458/steve-jobs-believed-teamwork-required-bumping-up-each-other-like-old-ugly-rocks-heres-what-he-meant">Steve Jobs Believed Teamwork Required &#8216;Bumping Up&#8217; Each Other Like &#8216;Old Ugly Rocks&#8217; — Here&#8217;s What He Meant</a> Why It Matters: Colleagues later recognized the same deliberative streak inside Apple's design studio, where the billionaire spent "<a href="https://www.benzinga.com/general/24/04/38403093/steve-jobs-spent-hour-after-hour-on-product-design-he-cared-about-god-being-in-the-details-says-walt">hour after hour</a>" scrutinizing every pixel because he believed "God [was] in the details," biographer Walter Isaacson noted. According to an <a href="https://www.newyorker.com/magazine/2011/10/17/how-steve-jobs-changed">account</a> by The New Yorker, that obsession led him to ban a cooling fan in the original Macintosh because it sounded "noisy and clumsy," forcing engineers to redesign the motherboard simply so it looked elegant.
Yet the slow, reflective Jobs could also demand lightning-fast fixes. Former Googler Vic Gundotra has recalled a Sunday call in which <a href="https://www.benzinga.com/general/24/02/37163807/steve-jobs-once-called-google-on-a-sunday-to-complain-about-logos-appearance-on-his-iphone-im-not-ha">Jobs barked</a>, "The second ‘o' in Google doesn't have the right yellow gradient on my iPhone. I'm not happy." Fast Company <a href="https://www.fastcompany.com/1665324/reading-steve-jobs-the-upside-of-unreasonable-demands">chronicled</a> similar outbursts, saying his "impatience with those who made compromises" routinely sent teams back to the drawing board.
Design historians <a href="https://www.smithsonianmag.com/arts-culture/how-steve-jobs-love-of-simplicity-fueled-a-design-revolution-23868877/">argue</a> that this blend of patience for deliberation and zero tolerance for mediocrity powered Apple's minimalist revolution. "It takes a lot of hard work to make something simple," Jobs once said of the company's hallmark aesthetic.
Photo Courtesy: Kemarrravv13 on Shutterstock.com
Read next: <a href="https://www.benzinga.com/markets/tech/25/06/46132977/microsoft-windows-blue-screen-of-death-is-retiring-after-40-years-heres-what-will-replace-it">Microsoft Windows Blue Screen Of Death Is Retiring After 40 Years, Here&#8217;s What Will Replace It</a>

Tech

Steve Jobs Once Spent Two Weeks Choosing A Washing Machine For His Palo Alto Home And He Got More 'Thrill' Out Of It Than Any Piece Of High Tech In Ages

Data centers have been one of the most pleasant surprises in the real estate sector, generating strong returns for real estate investment trust investors for the last several years. The massive facilities are mission-critical pieces of AI infrastructure, which explains why many of the world's biggest tech companies have multi-billion-dollar data center investments. However, Lux Capital partner Josh Wolfe is concerned that the data center sector is showing signs of a bubble ready to pop.
Data center spending is on pace to exceed $405 billion in 2025, which is a 23% increase over 2024, according to<a href="https://www.statista.com/statistics/314596/total-data-center-systems-worldwide-spending-forecast/"> Statista.com</a>. This sector used to be dominated by data center REITs like Equinix (NASDAQ:<a href="https://www.benzinga.com/quote/EQIX"> EQIX</a>) and<a href="https://www.benzinga.com/markets/25/06/45762780/if-you-invested-10k-in-digital-realty-trust-stock-10-years-ago-how-much-would-you-have-now"> Digital Realty Trust</a> (NYSE:<a href="https://www.benzinga.com/quote/DLR"> DLR</a>). However, they now face competition from tech titans like Microsoft (NASDAQ:<a href="https://www.benzinga.com/quote/MSFT"> MSFT</a>), Amazon (NASDAQ:<a href="https://www.benzinga.com/quote/AMZN"> AMZN</a>), and Meta (NASDAQ:<a href="https://www.benzinga.com/quote/META"> META</a>), who would rather own and operate facilities than rent them in perpetuity.
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Runaway data center construction drives AI's ever-expanding capabilities, but Wolfe also believes it may be creating "irrational" demand. In May, he told the<a href="https://www.axios.com/2025/06/04/data-center-bubble-lux-wolfe"> Axios AI summit</a> that he sees parallels to tech booms of the past. Cloud computing and fiber optic network investments created lots of millionaires in the 1990s and early 2000s. Wolfe remembers that many of those investors were left holding the bag when production outpaced demand.
&#8220;I think that you&#8217;re going to have the same phenomenon now,&#8221; said Wolfe. He noted the potential danger of groupthink in the tech sector, where building data centers seems prudent for individual companies. However, he fears that multiple companies building hyperscale data centers simultaneously, &#8220;collectively becomes irrational.&#8221; &#8220;It will not necessarily persist,&#8221; he warned.
Wolfe also said thinks the potential fallout from the bubble popping extends to other sectors. Data centers consume incredible amounts of power, which has driven rapid growth in the nuclear energy sector. &#8220;One take that is related to that is the demands for energy, which is presumed that, because you need all these data centers," Wolfe said. "Then you need small modular reactors, and so you&#8217;re getting speculative capital that&#8217;s going into the energy provision therein.&#8221;
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Wolfe's warning is reminiscent of then- Federal Reserve Chair Alan Greenspan's worry over "irrational exuberance" in the marketplace. It's a cycle that has played itself out for almost as long as people have been investing.&nbsp;
A sector gets hot, which causes more investor capital to flow in until suddenly, the sector is oversaturated. During these hot cycles, money continues flowing in long after the best deals have been snapped up. When overheated markets correct, what looked like a "can't miss" investment a few months ago suddenly becomes a white elephant.&nbsp;
This causes a massive outflow of capital as all the investors head for the exit door at the same time. Wolfe has seen these cycles come and go throughout his career. "I think that that whole (data center) thing is going to end in disaster, mostly because, as clichéd as it is, history doesn&#8217;t repeat. It rhymes,&#8221; he said at the Axios AI Summit.
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Could The Data Center Bubble Be About To Pop--Lux Capital Heavyweight Sees Warning Signs

Personal finance advisor and investment guru Dave Ramsey has suggested a unique strategy for Americans grappling with the challenge of saving for a home down payment amidst <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42027218/could-trumps-housing-plans-reshape-the-real-estate-market">escalating inflation and living costs.</a>
What Happened: Ramsey has proposed that prospective homebuyers could temporarily halt their retirement savings to expedite their down payment savings. This suggestion comes at a time when many young Americans are finding it difficult to juggle rent payments, student loan repayments, retirement plan contributions, and general living expenses.
According to the report <a href="https://www.thestreet.com/real-estate/dave-ramsey-has-controversial-advice-for-americans-buying-a-home-now">by </a>Street, while most financial advisors advocate for setting aside 15% of annual income, inclusive of employer match, towards retirement plans, Ramsey&#8217;s view is that a temporary cessation of contributions to 401(k), IRA, or 403(b) plans could assist buyers in achieving their down payment target more quickly.
&#8220;If&nbsp;you're planning to buy a&nbsp;house in the near future,&nbsp;it's okay to hold off&nbsp;on your retirement savings and&nbsp;put that money toward your&nbsp;down payment,&#8221; Ramsey stated. He stressed that this should be a short-term pause, and contributions should recommence once the home is bought.
Also Read: <a href="https://www.benzinga.com/news/25/04/44885312/for-sale-but-no-takers-the-us-housing-markets-awkward-standoff">For Sale, But No Takers: The US Housing Market&#8217;s Awkward Standoff</a>
However, Ramsey also issued a warning against premature withdrawals from retirement accounts to fund a home, as this could result in taxes, penalties, and long-term financial instability. 
&#8220;Don't borrow from or cash out your retirement accounts to speed up your down payment savings. Not only will you get hit with taxes and early withdrawal penalties, but you'll also tank the long-term growth of your retirement savings — costing you hundreds of thousands of dollars at retirement,&#8221; Ramsey advised. 
Why It Matters: Ramsey&#8217;s advice is unconventional and may not suit everyone&#8217;s financial situation. It is crucial for potential homebuyers to consider their long-term financial goals and consult with a financial advisor before making significant changes to their savings strategies. 
While accelerating the home buying process might seem appealing, it&#8217;s essential to weigh the potential risks and benefits.
Read Next
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Real Estate

Dave Ramsey Suggests Pausing Retirement Savings To Speed Up Home Down Payment, Warns 'Don't Borrow From or Cash Out Your Retirement Accounts To Speed Up Your Down Payment Savings'

A 23-year-old caller on a recent episode of &#8220;<a href="https://www.youtube.com/watch?v=_r52-Wj24q0">The Ramsey Show</a>&#8221; had a tough question: How do you get on the same page financially with your girlfriend?
She has a steady job and brings in her own income, but he was covering rent, groceries and other essentials. On top of that, he had given her a card linked to his account for expenses. But lately, those expenses had started piling up.
<h2 class="wp-block-heading">Big Charges, Bigger Red Flags</h2>
&#8220;At the end of this past month there was $1,900 in between Target and shopping,&#8221; the caller said. He clarified that the purchases weren't <a href="https://www.benzinga.com/25/05/45555404/at-some-point-you-have-to-be-financially-responsible-says-luxury-watch-buyer-as-market-loses-50-million-shoppers">luxury splurges</a> like designer bags, but home decor and similar household items. Still, the total was putting pressure on his finances. When he tried to talk to her about it, it always ended in a fight.
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Dave Ramsey went straight to the point.
&#8220;You&#8217;re the kind of guy that normally would have just said, &#8216;Wait a minute, just give me the card back. This doesn&#8217;t work.&#8217; Why haven&#8217;t you done that?&#8221; Ramsey asked.
Co-host Rachel Cruze agreed. The core problem, they said, is the couple is acting like they're married when they're not.
&#8220;You gave your roommate a credit card and your roommate has a spending problem,&#8221; Ramsey said.
<h2 class="wp-block-heading">Not Marriage Material Yet</h2>
The caller said he sees marriage potential in his girlfriend and has been trying to overlook the financial tension. But Ramsey and Cruze warned that ignoring these issues can result in bigger problems down the line.
&#8220;Money is always in that top three&#8221; when it comes to reasons for divorce, Cruze said and pushed back, emphasizing that brushing off the issue was risky and pointing out that this kind of financial conflict is a major red flag when it comes to long-term compatibility.
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Both advised the caller to stop sharing money and start fresh. &#8220;Give me my card back,&#8221; Ramsey suggested he say to his girlfriend. &#8220;We&#8217;re going to <a href="https://www.benzinga.com/personal-finance/25/02/43792861/have-your-own-individual-credit-cards-and-checking-accounts-suze-ormans-advice-on-keeping-finances-separate-in-marriage">separate our money</a> again because this is complicating our relationship; it&#8217;s not helping it. We&#8217;ve got to separate the stuff so that we can come back to sanity and start a fresh discussion like two grown-ups.&#8221;
He also recommended ending the shared household arrangement unless the couple has serious plans to get married.
Ramsey pointed to research showing that <a href="https://www.benzinga.com/personal-finance/24/12/42399132/can-you-guess-the-average-net-worth-of-the-above-average-married-couple">married couples</a> are healthier, wealthier and more stable than couples who live together without being married.
&#8220;The wealth is 15 times higher for a married 35-year-old couple than a single female,&#8221; he said. &#8220;Married men live six to nine years longer than unmarried men&#8230; and make 26% higher incomes at 37.&#8221;
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Image: Shutterstock

Personal Finance

A Caller Told Dave Ramsey His Girlfriend Was Overspending On His Credit Card. Ramsey's Response? 'You Gave Your Roommate A Credit Card!'

This week told a familiar story with fresh twists—inflation isn't backing down, and global tensions are once <a target="_blank" href="https://www.benzinga.com/topic/macro-economic-events#more-news" rel="noreferrer noopener">again steering the market mood</a>.
The latest data showed that the Personal Consumption Expenditures, or PCE price index, rose 2.3% in May from a year earlier, slightly up from April&#8217;s 2.2%, snapping <a target="_blank" href="https://www.benzinga.com/markets/economic-data/25/06/46137796/inflation-is-heating-up-again-are-tariffs-to-blame" rel="noreferrer noopener">a two-month cooling trend</a>.
While the monthly increase stayed steady at 0.1%, concerns grew that rising tariffs on foreign goods could soon hit U.S. consumers harder.
The economic unease was only amplified on Friday, when President Donald Trump abruptly <a target="_blank" href="https://www.benzinga.com/news/politics/25/06/46150909/trump-canada-tariffs-dollar-deal" rel="noreferrer noopener">called off all trade talks with Canada</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/commodities/25/06/45930878/canada-risks-losing-billions-annually-without-critical-minerals-action" rel="noreferrer noopener">Canada Risks Losing $8.7B Annually Without Critical Minerals Action</a>
His move came in response to Canada&#8217;s newly introduced Digital Services Tax, which he slammed as a direct attack on American tech companies. Declaring retaliation was imminent, Trump promised to announce new tariffs on Canadian goods within a week—sending markets tumbling and investors rushing for cover.
Amid the macroeconomic jitters and geopolitical headlines, several companies delivered key corporate updates and earnings results that <a target="_blank" href="https://www.benzinga.com/markets" rel="noreferrer noopener">kept investors tuned in</a>.
Earnings Results
FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) reported quarterly sales of $585.52 million, surpassing&nbsp;analyst expectations&nbsp;of $580.50 million and representing a <a target="_blank" href="https://www.benzinga.com/markets/earnings/25/06/46053063/factset-reports-q3-revenue-beat-client-growth-leadership-shift-with-jpmorgan-hire" rel="noreferrer noopener">5.9% year-over-year gain.</a>
FactSet announced that&nbsp;Phil Snow will retire as CEO and a member of the Board, effective early September 2025.&nbsp;
Technology
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) &nbsp;leaped over Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) to become the most valuable company in the world on Thursday, with a <a target="_blank" href="https://www.benzinga.com/etfs/sector-etfs/25/06/46151686/nvidia-just-became-the-worlds-most-valuable-stock-is-it-time-for-a-semiconductor-etf-rethink" rel="noreferrer noopener">market capitalization crossing $3.7 trillion. </a>But as the chipmaker solidifies its position as the foundation of the AI era, one segment of Wall Street is somewhat lagging behind —&nbsp;<a target="_blank" href="https://www.benzinga.com/etfs" rel="noreferrer noopener">semiconductor ETFs</a>.
Microsoft postponed the commercialization of its in-house next-gen&nbsp;artificial intelligence chip, Maia (code-named Braga), by at least six months from 2025 to 2026 due to unexpected changes to its <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46149318/microsofts-next-gen-ai-chip-still-lags-nvidias-blackwell-postpones-launch" rel="noreferrer noopener">design and staffing constraints.</a>
Alphabet Inc. (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>) has been dealt a legal blow in Japan as a court has ruled that the company infringed on patents held by&nbsp;Pantech, resulting in a ban on the sale of its&nbsp;Pixel 7&nbsp;series smartphones.
Alphabet Inc.&nbsp;has appointed&nbsp;Kobi Bar-Nathan&nbsp;as the new finance chief for its rapidly expanding&nbsp;Google Cloud division. He commenced his role in June 2025, bringing&nbsp;extensive experience&nbsp;from key finance leadership positions at <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134725/google-cloud-hires-former-oracle-cfo-as-ai-race-heats-up" rel="noreferrer noopener">Oracle Cloud and Microsoft Cloud.</a>
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;is making a return to high-budget theatrical releases with the opening of its racing drama &#8220;F1&#8221;&nbsp;on Friday. The film&#8217;s reported $300 million budget highlights both the company&#8217;s determination to make a mark in Hollywood and the persistent financial <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/46142591/apples-f1-movie-burns-300-million-still-waiting-on-a-profit" rel="noreferrer noopener">challenges it&nbsp;faces in this arena.&nbsp;</a>
Artificial Intelligence (AI)
Softbank Group Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) CEO&nbsp;Masayoshi Son&nbsp;said that he plans to position the company as the&nbsp;leading platform provider&nbsp;in the artificial super intelligence (ASI) sector within the next decade, aiming to rival major tech firms like&nbsp;Microsoft Corp., Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">Alphabet Inc.&#8217;s</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">Google</a><a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in" rel="noreferrer noopener">.</a>
Apple&#8217;s Siri&nbsp;is far behind&nbsp;OpenAI&#8217;s ChatGPT, according to a comparison conducted by&nbsp;Deepwater Asset Management, receiving an &#8220;F&#8221; while ChatGPT<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46156830/siri-gets-f-while-openais-chatgpt-scores-an-a-gene-munster-says-heres-what-apple-needs-to-fix-before-2026-launch-to-stay-relevant-in-ai" rel="noreferrer noopener"> has scored an &#8220;A.&#8221;</a>
Automobiles
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has revealed that it pumped nearly $10 billion into its U.S. operations&nbsp;during the last fiscal year and plans to allocate<a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46046720/tesla-doubles-down-on-us-elon-musk-plans-another-8-billion-investment-after-spending-nearly-10-billion-in-2024" rel="noreferrer noopener"> an additional $8 billion this year.</a>
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>):&nbsp;CEO&nbsp;Jim Farley&nbsp;voiced skepticism about&nbsp;Tesla&#8217;s autonomous driving strategy, underscoring the necessity of <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46156654/ford-ceo-jim-farley-believes-waymos-approach-makes-more-sense-than-elon-musk-led-teslas-when-you-have-a-brand-like-ford-you-have-to-be-really-careful" rel="noreferrer noopener">consumer trust and prudence</a>.
Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>)&nbsp;unveiled the company&#8217;s first all-electric SUV, the YU7, <a target="_blank" href="https://www.benzinga.com/markets/asia/25/06/46132552/telsla-model-y-rival-xiaomi-yu7-suv-receives-nearly-300000-orders-in-1-hour-in-china" rel="noreferrer noopener">as a rival to&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/asia/25/06/46132552/telsla-model-y-rival-xiaomi-yu7-suv-receives-nearly-300000-orders-in-1-hour-in-china" rel="noreferrer noopener">Tesla.</a>
General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has issued a recall for over 62,468 vehicles in the U.S. over <a target="_blank" href="https://www.benzinga.com/markets/tech/25/06/46111407/general-motors-recalls-over-62000-vehicles-for-brake-issue-that-could-potentially-result-in-a-fire-report" rel="noreferrer noopener">a brake pressure sensor issue.</a>
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Consumer Tech News (June 23–June 27): Inflation Stirs, Trade Tensions Flare, And Big Tech Makes Big Moves

In a bold move that defies traditional investment advice, an everyday investor named Etienne Breton has built a $2 million portfolio by investing exclusively in software firm&nbsp;Palantir&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>).
What Happened: Breton began buying Palantir shares shortly after the company&#8217;s public debut in late 2020. Despite the stock&#8217;s initial struggles, he persisted in expanding his position. His investment in Palantir now stands at nearly $2.5 million, comprising 17,800 shares and an additional 2,000 on margin.
Palantir, which has experienced an 80% surge in 2025, is the only stock in Breton&#8217;s portfolio. &#8220;I tried to identify very extraordinary companies. I didn&#8217;t want to diversify,&#8221; he <a href="https://www.businessinsider.com/palantir-millionaire-single-stock-bet-investing-options-strategy-retail-trader-2025-6">told</a> Insider. His strategy proved successful, especially after the launch of Palantir&#8217;s Artificial Intelligence Platform in 2023.
Breton also employed various&nbsp;options strategies to generate income&nbsp;on his underlying shares and&nbsp;continue purchasing Palantir. 
He sold covered calls,&nbsp;borrowed money to buy more&nbsp;shares, and&nbsp;sold call options on them, creating a steady income stream. He continues to gradually add to his Palantir position using&nbsp;the premiums he receives on&nbsp;his covered calls.
Also Read: <a href="https://www.benzinga.com/markets/large-cap/25/06/46044073/small-investment-bank-tied-to-trumps-sons-facilitated-120-million-trading-windfall">Small Investment Bank Tied to Trump&#8217;s Sons Facilitated $120 Million Trading Windfall</a>
Despite the risk of having a significant portion&nbsp;of his net worth tied&nbsp;up in Palantir, Breton is&nbsp;also buying Long-Term Equity Anticipation&nbsp;Securities (LEAPs), which allow him to earn&nbsp;income on his underlying shares&nbsp;while still benefiting from potential upside.
&#8220;I&#8217;m now planning my retirement,&nbsp;which is approaching much sooner&nbsp;than I ever expected,&#8221; Breton&nbsp;added, indicating that he might explore some business projects in the future.
Why It Matters: Breton&#8217;s success story underscores the potential rewards of a focused investment strategy, albeit with high risks. 
His experience with Palantir also highlights the company&#8217;s strong performance, which has been bolstered by the launch of its AI platform. 
However, his strategy of tying up a large portion of his net worth in a single stock is not typically recommended due to the associated risks.
Read Next
<a href="https://www.benzinga.com/markets/25/03/44550770/study-investor-fears-of-crash-could-actually-fuel-stock-market-performance">Study: Investor Fears of Crash Could Actually Fuel Stock Market Performance</a>
Image: Shutterstock/Spyro the Dragon

PLTR

This Everyday Investor Built a $2 Million Portfolio From Just One Stock — Here's the Company

These ten large-cap stocks were the worst performers last week. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock fell 24.91% amid a pullback after recent highs. The drop <a href="https://www.benzinga.com//node/46056731" target="_blank" rel="noreferrer noopener">followed its announcement</a> of its partnership with Fiserv to integrate its stablecoin platform into Fiserv's banking and payment solutions.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) stock declined 23.06% amid reports that Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) <a href="https://www.benzinga.com//node/46067629" target="_blank" rel="noreferrer noopener">terminated its collaboration</a> with the company.</li>
<li>Vonage Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VG#NASDAQ">VG</a>) stock plunged 17.46% after BofA Securities maintained a Buy rating on Venture Global stock and <a href="https://www.benzinga.com/quote/VG/analyst-ratings" target="_blank" rel="noreferrer noopener">raised its price forecast</a> to $18.5.</li>
<li>QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) stock fell 12.86% after the <a href="https://www.benzinga.com//node/46087245" target="_blank" rel="noreferrer noopener">company priced its offering</a> of nearly 90 million shares at $22.25 per share.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock dipped 12.85% amid profit-taking <a href="https://www.benzinga.com//node/46146598" target="_blank" rel="noreferrer noopener">after a recent surge</a>. HC Wainwright &amp; Co. initiated coverage <a href="https://www.benzinga.com//node/46102704" target="_blank" rel="noreferrer noopener">with a Neutral rating</a>.</li>
<li>Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) stock dropped 12.79% after DA Davidson maintained a Buy rating but lowered its <a href="https://www.benzinga.com/quote/DUOL/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast to $500</a>.</li>
<li>Equinix, Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>) stock declined 11.07% after several analysts <a href="https://www.benzinga.com/quote/EQIX/analyst-ratings" target="_blank" rel="noreferrer noopener">cut their price forecasts</a>.</li>
<li>Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) stock plunged 9.58% amid easing geopolitical tensions between Iran and Israel. President Trump's statement allowing China to buy Iranian oil and the company's North Sea project approval also added pressure.</li>
<li>CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) stock fell 9.34% despite Morgan Stanley and Wells Fargo raising their price forecasts while maintaining <a href="https://www.benzinga.com/quote/CF/analyst-ratings" target="_blank" rel="noreferrer noopener">neutral or overweight ratings</a>.</li>
<li>Ecopetrol S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EC#NYSE">EC</a>) stock decreased 9.25% after it extended its agreement to cut ADR conversion fees by 50%. The broader energy sector also declined following a mild Iranian attack that caused oil prices to slip.</li>
</ol>
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/06/46159607/nike-aerovironment-and-coinbase-are-among-top-10-large-cap-gainers-last-week-june-23-27-are-the-others-in-your-portfolio">Nike, AeroVironment And Coinbase Are Among Top 10 Large Cap Gainers Last Week (June 23-27): Are The Others In Your Portfolio?</a></li>
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Photo by PJ McDonnell from Shutterstock

Large Cap

Movers

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Hims & Hers Health, Inc. Class A Common Stock

HIMS

Circle Internet, Hims & Hers Health And CoreWeave Are Among Top 10 Large Cap Losers Last Week (June 23-27): Are The Others In Your Portfolio?

We all have a number in our heads — a salary that would make life feel easier. The bills would be paid, savings would grow, and maybe you'd splurge on something just because you can. But that number seems to be rising faster than most paychecks. And for a growing number of Americans, "comfortable" now means <a href="https://www.benzinga.com/topic/salaries">earning six figures</a> — or more.
A new Bankrate <a href="https://www.bankrate.com/investing/financial-advisors/financial-freedom-survey/#tips">survey</a> asked Americans how they're feeling about their financial stability. The short answer: not great. Seventy-seven percent of U.S. adults say they aren't completely financially secure. That number has been creeping up over the past few years, even as inflation cools off. And it's not just a feeling — inflation has chipped away at purchasing power.
A $100,000 salary in 2020 would need to be $124,000 today to keep up. So if your paycheck hasn't grown since then, it feels like a $24,000 pay cut.
When asked what it would take to feel financially comfortable, more than one in four people said they'd need to earn at least $150,000 a year. That's nearly double the national average salary of $81,515. In fact, more than half of Americans say they'd need more than they currently make to feel stable.
For some, that number is $200K. For others, $500K. And 26% say they wouldn't feel rich until they hit $1 million a year.
Gen Xers are the least likely to feel financially secure, with 84% saying they don't feel stable right now. <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/05/45338011/90-of-women-investors-say-theyre-on-track-to-meet-their-financial-goals-survey-finds">Women are also falling behind</a> — just 20% say they feel financially secure, compared to 26% of men. Lower earners are the most at risk: only 12% of those making under $50K say they feel secure.
Only 29% of Americans believe their version of the American Dream is still achievable. Gen Z is more hopeful, but overall, the idea of financial freedom is slipping further out of reach. What used to feel like "extra" — stability, breathing room, savings — now feels like the new minimum.
And for many, that starts at $150,000 a year.
Photo: Shutterstock

Financial Advisors

Think $100K Is Enough? Most Americans Don't

These ten large-cap stocks were top performers last week. Are they a part of your portfolio?
<ol class="wp-block-list">
<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) stock gained 46.62% after the company reported <a href="https://www.benzinga.com//node/46083155" target="_blank" rel="noreferrer noopener">better-than-expected</a> Q4 results. Shares of air mobility stocks also gained after the FAA discussed plans to integrate new aircraft into national airspace. Several analysts raised their <a href="https://www.benzinga.com/quote/avav/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> on the stock.</li>
<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) stock upped 32.09% after the company reportedly kept electricity rates frozen for Q3.</li>
<li>Mobileye (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NYSE">MBLY</a>) stock jumped 24.59%.</li>
<li>NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) stock jumped 20.49% after posting better-than-expected <a href="https://www.benzinga.com//node/46128469" target="_blank" rel="noreferrer noopener">Q4 EPS and sales</a>. The upbeat earnings triggered multiple analysts <a href="https://www.benzinga.com/quote/NKE/analyst-ratings" target="_blank" rel="noreferrer noopener">raising their price forecast</a>.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock gained 17.78% after successfully <a href="https://www.benzinga.com//node/46144080" target="_blank" rel="noreferrer noopener">launching its 67th Electron rocket</a> on a mission for HawkEye 360.</li>
<li>DICK&#8217;S Sporting Goods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) stock upped 16.89% amid sympathy buying across footwear-related stocks following Nike&#8217;s strong Q4 results.</li>
<li>Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) stock rose 15.23% after KeyBanc initiated coverage with an <a href="https://www.benzinga.com/quote/ANET/analyst-ratings" target="_blank" rel="noreferrer noopener">Overweight rating</a> and a $115 price forecast.</li>
<li>James Hardie Industries plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHX#NYSE">JHX</a>) stock gained 15.15% after William Blair initiated coverage on the company with an <a href="https://www.benzinga.com/quote/JHX/analyst-ratings" target="_blank" rel="noreferrer noopener">Outperform rating</a>.</li>
<li>Carnival Corporation &amp; plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) stock rose 14.68% after the company <a href="https://www.benzinga.com//node/46076919" target="_blank" rel="noreferrer noopener">beat Q2 EPS and revenue expectations</a>, prompting analysts to <a href="https://www.benzinga.com/quote/CCL/analyst-ratings" target="_blank" rel="noreferrer noopener">raise their forecasts</a>.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) stock jumped 14.61% after Oppenheimer reiterated its Outperform rating and boosted its <a href="https://www.benzinga.com//node/46123211" target="_blank" rel="noreferrer noopener">price forecast</a> to $395. Several analysts <a href="https://www.benzinga.com/quote/COIN/analyst-ratings" target="_blank" rel="noreferrer noopener">raised their forecasts</a> for the stock.</li>
</ol>
Photo via Shutterstock

ANET

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Nike, AeroVironment And Coinbase Are Among Top 10 Large Cap Gainers Last Week (June 23-27): Are The Others In Your Portfolio?

President Donald Trump's tariffs have had several unintended effects on the economy, but the unease they have created in the bond market has surprised investors around the globe. The tariffs sparked a bond market sell-off, and there was a second selloff after Congress passed <a href="https://www.benzinga.com/markets/25/05/45707795/how-trump-dinner-led-to-16-000-windfall-for-investors-in-an-inspired-but-unrelated-memecoin">Trump's</a> "big beautiful bill." Concerns over the U.S. budget deficit may have sparked the second sell-off, but a Morgan Stanley (NYSE:<a href="https://www.benzinga.com/quote/MS"> MS</a>) executive says the bond market panic is much ado about nothing.&nbsp;
Jim Caron, chief investment officer of Morgan Stanley's portfolio solutions group, thinks the current panic is overblown. He shared his opinions on U.S. Treasury b<a href="https://www.benzinga.com/markets/economic-data/25/05/45704089/jamie-dimon-warns-of-bond-market-crisis-caused-by-us-debt-binge-youre-going-to-panic">onds</a> with <a href="https://markets.businessinsider.com/news/bonds/bond-market-treasurys-panic-overhyped-morgan-stanley-jim-caron-2025-5">Business Insider </a>after yields hit 4.6% on 10-year bonds and 5.2% on 30-year bonds. That yield spike and accompanying market unease came on the heels of Moody's downgrading America's credit rating. Then the House of Representatives passed Trump's "Big Beautiful Bill,"&nbsp; which could add trillions of dollars to the budget deficit.
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<li>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>.</li>
<li>Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market.<a href="https://www.benzinga.com/money/this-company-may-have-found-a-way-to-treat-cancer-by-tricking-the-bodys-immune-system-and-early-studies-show-some-promise-find-out-how-you-can-invest-in-the-future-of-cancer-treatment"> Back a bold new approach to cancer treatment with high-growth potential.</a></li>
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Caron said that investors knew about the U.S. government's spiraling debt before Trump's bill passed the House. That's why he doesn't believe deficit concerns will ruin the general perception that U.S. bonds are low-risk investments. He also said that he views investors fretting over the safety of Treasury Bonds as "tourists in the market."
&#8220;I wouldn&#8217;t say that there&#8217;s a straight line connection to some of the deficit and tax talk,&#8221; he told Business Insider. &#8220;And that&#8217;s kind of what everybody&#8217;s trying to conflate and put together. I think it would be refreshing to absolutely take a deeper look at that and just say, &#8216;look, the fiscal situation is not new news.'&#8221; Caron has enough experience to know investors tend to hit the panic button at the same time.
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Caron told Business Insider that the <a href="https://www.imf.org/external/datamapper/datasets/FM">International Monetary Fund</a> is forecasting that the U.S. budget deficit will only account for 6.5% of the country's GDP this year. That would be an improvement on last year's 7.5%. Caron explained that this is not just a U.S. problem and noted that the U.K., Germany, and Japan also have rising bond yields. His opinion on the fretting about the U.S. deficit is clear. &#8220;The market is creating excess hysteria around it,&#8221; he said.
Still, there is a growing drumbeat of concern from financial observers that the "end is nigh," for the status of the U.S. as the global leader in business and finance. Caron dismissed those concerns out of hand. It's impossible to know if he's correct, because no one can see the future. However, he is correct in pointing out that some people have been predicting the sky would fall on the U.S. for decades, and it hasn't happened yet.
&#8220;I always find it to be a very novice explanation when people say, &#8216;Oh, I think the US is losing its status and the dollar is going to lose its reserve status,'&#8221; Caron told Business Insider. &#8220;If that were actually even 1% true, the markets would be selling off in a massive, massive way.&#8221;&nbsp;
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
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Is The Bond Market Panic Overblown And Being Driven By Inexperienced Investors? Morgan Stanley Thinks So

Amy Coney Barrett drew high praise from President Donald Trump during a surprise press conference on June 27, after authoring a Supreme Court decision that narrows the authority of lower federal courts to <a target="_blank" href="https://www.benzinga.com/news/politics/25/06/46156417/supreme-court-hands-trump-a-monumental-victory-as-it-limits-judges-power-to-block-presidents-birthright-citizenship-order" rel="noreferrer noopener">issue nationwide injunctions.</a>
The ruling marked a significant legal win for Trump's administration, which has long criticized district judges for blocking its policies coast to coast.
USA Today <a href="https://www.usatoday.com/story/news/politics/2025/06/27/trump-news-conference-live-updates/84385884007/?tbref=hp" target="_blank" rel="noreferrer noopener">reports</a> that the Supreme Court ordered district judges to revisit broad rulings that temporarily blocked enforcement of federal policies, a move that Trump and his team celebrated as a return to constitutional order.
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Justice Barrett authored the 6-3 majority opinion.
Trump praised her work, calling the ruling &#8220;brilliantly written,&#8221; and also thanked Chief Justice John Roberts for supporting the decision. Attorney General Pam Bondi, present at the White House, criticized what she termed &#8220;imperial judges&#8221; who she claimed overstepped their authority by issuing nationwide blocks on Trump-era directives.
Bondi highlighted that judges in states like Maryland, California, and Washington were behind the bulk of injunctions against the administration.
The ruling, she said, puts power back into elected hands and gives Americans what they voted for.
Trump emphasized that the decision could help his administration win its legal battle against birthright citizenship for children born to undocumented or temporary immigrants.
While some Trump loyalists have previously criticized Barrett for ruling against the administration on foreign aid matters, her authorship of this opinion drew praise from the president.
Trump noted, &#8220;I have great respect for her, I always have.&#8221;
The president also discussed hurdles facing his tax and spending bill, acknowledging delays in the Senate.
He cited resistance from Senate parliamentarian Elizabeth MacDonough, but stopped short of backing efforts to remove her.
The House passed the bill, which includes provisions on border security and tax cuts, but its future in the Senate remains uncertain.
Trump also lashed out at Democratic Socialist Zohran Mamdani, who won New York&#8217;s mayoral primary, labeling him a &#8220;communist&#8221; and warning of dire consequences for the country.
On tariffs, Trump brushed off economists&#8217; recession fears, claiming critics should &#8220;go back to business school.&#8221;
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Politics

Amy Coney Barrett Earns Trump's Credit After Court Ruling: 'I Have Great Respect For Her'

Are you making the right investments for your long-term goals? It's a question we should all ponder as we're loading up on stocks, saving for a down payment, and dabbling in crypto.&nbsp;
While these can be good investments, there is one investment that tops them all. Financial guru Mark Tilbury recently said in a <a href="https://www.tiktok.com/@marktilbury/video/7517003763945639190?lang=en">TikTok video</a>.
"That one's priceless," he explained.
Tilbury is talking about investing in yourself. While you should still buy assets like stocks and real estate, regularly investing in yourself is the best path to wealth.&nbsp;
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<h2 class="wp-block-heading">Growing Your Income Is More Important Than Growing Your Portfolio</h2>
Although it's nice to see your portfolio go up by 10% in one month, it's not much money if you only have a $1,000 portfolio. Regularly investing will grow your portfolio and eventually turn those 10% gains into something much larger.
However, the best way to grow your portfolio is by increasing your income. Your portfolio will grow much larger if you can invest $5,000 per month instead of only investing $1,000 per month. A 10% return on a $1 million portfolio will do more for your wealth than a 100% return on a $10,000 portfolio.
Investing in yourself is one of the best ways to grow your income. You can invest in developing new career skills, taking online courses with certifications, and learning how to run a business. Accumulating and implementing knowledge can do more for your net worth than taking your spare change and putting it into stocks.
<h2 class="wp-block-heading">Investing In Yourself Creates More Possibilities</h2>
When you invest in yourself, you start to see new possibilities that aren't available if you don't invest in yourself. For instance, if you get a certification in a high-demand skill like cybersecurity, you can suddenly explore new career opportunities.
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Investing in yourself also means believing in yourself. Some people job hop after a few years of working at the same company to boost their earnings. While some people may get an annual 3% raise, you can likely get a much higher salary bump if you switch employers.&nbsp;
You don't have those possibilities if you remain content and avoid making investments in yourself. While stocks, crypto, and real estate can continue to appreciate, your ability to compound your earnings can lead to a much higher net worth in the long run.
<h2 class="wp-block-heading">Investing In Yourself Doesn't Stop With Your Finances</h2>
Investing in yourself isn't all about developing career skills, working on side hustles, and maximizing your income. It's also about investing in experiences that make you a better person and enrich your life.
Volunteering for a good cause is an investment in yourself that allows you to help others. Going on a vacation is an investment in building up your experiences. You can also invest in yourself by learning a new language, which can increase your memory and problem-solving skills.
Embarking on goals that you have held on to for several years can be incredibly fulfilling, even if these goals aren't correlated with your career. However, the successes and momentum you build toward these types of goals can translate into career growth.
You have many ways to invest in yourself. Some of them directly translate into higher earnings, while others may have an indirect benefit on how much you earn.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

Mark Tilbury Says the Best Investment You Can Make Isn't in Stocks or Crypto—'That One's Priceless'

People of a certain age may remember their mother, grandmother, or aunt spending countless hours sewing quilts, which remains a popular hobby. You might even be into quilting yourself, but did you ever imagine that you could turn that passion into a business that earns over $100,000 per month? 50-year-old Mike O'Dell, a nurse anesthetist from Oklahoma City, did exactly that, and he only works one day per month on his side hustle.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
O'Dell's day job, which he does during his four-day, 10-hour work week, requires extremely high attention to detail. O'Dell told CNBC's "<a href="https://www.cnbc.com/2025/05/22/legit-kits-ceo-mike-odell-how-i-built-my-side-hustle-to-run-without-me.html">Make It</a>" that his work as a nurse anesthetist is so intense that he can't even use the bathroom or take a lunch break without another employee to cover for him. This highly specialized work pays O'Dell $240,000 per year, but it also comes with a high-stress level.
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There is no such thing as a "do-over" in his profession, and even a small mistake could cost a patient their life. It stands to reason that someone who works in such a high-stakes environment would seek a creative outlet to help decompress from doing such high-stakes work. O'Dell told CNBC that outlet was sewing, a craft he learned 20 years ago to make a "Braveheart" Halloween costume.&nbsp;&nbsp;
According to CNBC, O'Dell realized his passion could be lucrative after sewing two custom <a href="https://www.benzinga.com/25/02/43952678/lucasfilm-president-kathleen-kennedy-to-step-down-how-move-could-impact-star-wars-franchise-disney-stock">Star Wars</a> themed quilts for his sons in 2020. O'Dell used an innovative method known as "foundation paper piecing" to make them. He began by drawing a giant pattern on a 6'x5' piece of paper and then used his drawing as a sewing guide for the fabric. The final product was not only impressive, but the foundation paper piecing process was also much easier than he expected it to be.
That's when the proverbial light bulb came on for O'Dell, who decided to build a business around making and sewing quilts. The CNBC profile noted that O'Dell ran his company, Legit Kits, with the same methodical approach he used during his day job as an anesthetist.&nbsp; O'Dell knew Legit Quilts had potential, but he also knew it would have been precipitous to quit his day job and go all-in on a new project.
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&#8220;The burnout I feel at the hospital fuels my energy to do the other thing for myself,&#8221; O&#8217;Dell said. &#8220;It turns the volume down when everybody&#8217;s mad at work.&#8221; He built Legit Kits to function independently. O'Dell brought in two graphic designers to handle the patterns and another person to cut the individual pieces. Legit Kits customers got a complete kit that allowed them to create much nicer pieces than their skill levels would normally allow.
Legit Kits was a hit with the quilting set, and the company was profitable by 2023. According to CNBC, O'Dell's company was doing enough business to move into a 4,500 square foot warehouse in 2024. Perhaps more impressively, CNBC reported Legit Kits broke even for the year after making such an expensive move.&nbsp; Legit Kits made a very strong $1.25 million in revenue for 2024. That's over $100,000 per month in income.
O'Dell still has his day job, but he spends one day per week at Legit Kits reviewing new designs and marketing. His time at Legit Kits may not be as lucrative as being an anesthetist, but it offers other rewards. O'Dell said that he can enjoy simple pleasures like driving his sons to school and having a leisurely cup of morning coffee on the day he works at Legit Kits.
He told CNBC he will earn an extra $50,000 this year for his work as Legit Kits' CEO and creative director. O'Dell would like to expand, but like many small businesses, he depends on products from Asia to stay profitable, and President Donald Trump's<a href="https://www.benzinga.com/news/25/05/45688655/trump-administration-mulls-global-tariffs-of-about-15-for-150-days-under-existing-trade-laws-report"> tariffs</a> have clouded his long-term outlook. O'Dell sources his fabric in Vietnam and Indonesia, whose products are currently subject to 46% and 32% tariffs.
However, those rates are set to be replaced by a blanket 10% tariff that will come into effect in July.  &#8220;The uncertainty is stressful,&#8221; O&#8217;Dell said. &#8220;Optimism is essential these days. Hope mine isn&#8217;t misplaced.&#8221; In the meantime, he has a very lucrative and stress-reducing side hustle. &#8220;I can eat breakfast, I can go to the gym. I set my own schedule," he said.
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a></li>
</ul>

How This 50-Year-Old Built A Side Hustle Paying Over $100K Per Month For Working 1 Day Per Week

The past week has been a rollercoaster ride in the world of business and finance. From trade negotiations to aviation incidents, autonomous vehicle launches to electric vehicle sales, and massive vehicle recalls, the news cycle has been anything but dull.
Here&#8217;s a quick recap of the top stories that made headlines.
Japan&#8217;s Trade Negotiator Rejects Trump&#8217;s Auto Tariffs
Japan&#8217;s chief trade negotiator,&nbsp;Ryosei Akazawa, has voiced his disapproval of U.S. President Donald Trump&#8217;s proposed 25% auto tariffs. Akazawa emphasized the significant contribution of Japan&#8217;s automobile industry to the U.S. economy during the ongoing trade talks in Washington.
<a href="https://www.benzinga.com/markets/tech/25/06/46109160/japans-top-trade-negotiator-calls-trumps-25-auto-tariffs-unacceptable-amid-ongoing-talks">Read the full article here.</a>
Boeing Faces NTSB Scrutiny Over Mid-Air Incident
Aircraft manufacturer Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is under investigation for its role in last year&#8217;s mid-air blowout incident involving Alaska Air Group Inc.&#8217;s Flight 1282. The National Transportation Safety Board (NTSB) is set to hold a hearing to determine the cause of the sudden loss of pressure in the aircraft&#8217;s fuselage.
<a href="https://www.benzinga.com/news/travel/25/06/46070802/this-shouldve-been-caught-years-ago-boeing-faces-ntsb-heat-over-737-max-9-alaska-airlines-mid-air-blowout-incident">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/25/06/45919464/boeing-faces-fresh-turmoil-as-india-mulls-787-8-grounding-after-fatal-crash-ceo-kelly-cancels-paris-trip-report">Boeing Faces Fresh Turmoil As India Mulls 787-8 Grounding, Safety Review After Fatal Crash, CEO Kelly Ortberg Cancels Paris Trip: Report</a>
Tesla Launches Robotaxi In Austin
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;has officially launched its Robotaxi service in Austin, marking a significant milestone in the self-driving taxi race in the U.S. The small-scale event saw the rollout of over 10 Tesla Model Y Robotaxis in Austin&#8217;s South Congress neighborhood.
<a href="https://www.benzinga.com/markets/tech/25/06/46045542/tesla-launches-robotaxi-in-austin-elon-musk-calls-it-a-culmination-of-a-decade-of-hard-work">Read the full article here.</a>
BYD Surpasses Tesla In Europe
Electric vehicle company BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has outperformed Tesla in Europe, thanks to multiple new vehicle launches and a potential decline in demand for Tesla. The trend may continue as BYD is reportedly just getting started with its new vehicle launches.
<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/46105919/byd-beats-tesla-in-europe-never-been-such-a-product-offensive-done">Read the full article here.</a>
General Motors Recalls Over 62,000 Vehicles
General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)&nbsp;has issued a recall for over 62,468 vehicles in the U.S. due to a brake pressure sensor issue. The recall affects Chevrolet Silverado Pickup trucks manufactured from 2019 to 2024.
<a href="https://www.benzinga.com/markets/tech/25/06/46111407/general-motors-recalls-over-62000-vehicles-for-brake-issue-that-could-potentially-result-in-a-fire-r">Read the full article here.</a>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>
Photo courtesy: Shutterstock

Media

BYDDF

BYDDY

Trump's Tariffs, Boeing's Blowout, Tesla's Robotaxi, BYD's European Triumph And GM's Massive Recall: This Week In Mobility

In a late-night voting session, Senate Republicans have successfully advanced a significant bill backed by President Donald Trump. The bill encompasses tax breaks, spending cuts, and an increase in deportation funds.
What Happened: The Senate Republicans managed to clear a crucial procedural step in a tense Saturday session. The vote count of 51-49 followed a tumultuous night,&nbsp;with Vice President JD Vance&nbsp;on standby&nbsp;to break a potential tie.
Despite facing opposition from Democrats, Republicans are leveraging&nbsp;their majorities in Congress to&nbsp;push the bill forward. 
However, the journey has not been smooth, with&nbsp;a series of political and&nbsp;policy setbacks. Not all GOP&nbsp;lawmakers are in agreement with the proposed spending cuts on Medicaid, food stamps, and other programs, which are intended to offset the cost of&nbsp;some $3.8 trillion in Trump&nbsp;tax breaks.
As per the report <a href="https://apnews.com/article/trump-tax-breaks-spending-cuts-senate-deadline-8c72d6db7c9725d9d56db8294012809e">by </a>The Associated Press, Senate Majority Leader John Thune (R-S.D.) expressed his eagerness to pass the legislation, stating, &#8220;It&#8217;s time to get this legislation across the finish line.&#8221;
However, President Trump&#8217;s bill also faced resistance from within his own party. Sen. Thom Tillis of North Carolina voiced his inability to support the bill due to the severe Medicaid cuts it proposed. Both Tillis and Sen. Rand Paul of Kentucky voted against the bill.
The bill, dubbed the &#8220;One Big Beautiful Bill Act,&#8221; was unveiled just before midnight on Friday. Senators are expected to engage in debates and amendments over the coming days. If passed, the bill will return&nbsp;to the House for a&nbsp;final round of votes before&nbsp;it can reach the White House.
Also Read: <a href="https://www.benzinga.com/markets/tech/25/06/45965638/amid-trumps-anti-ev-push-senate-republicans-propose-tax-bill-to-axe-7500-ev-credit">Amid Trump&#8217;s Anti-EV Push, Senate Republicans Propose Tax Bill To Axe $7500 EV Credit</a>
SALT Provision Compromise Stirs Controversy
According to reports, the Senate has included a compromise in their final draft regarding&nbsp;the so-called SALT provision, a&nbsp;deduction for state and local&nbsp;taxes. 
This&nbsp;has been a top priority&nbsp;for lawmakers from high-tax states like New York. The current SALT cap stands at $10,000 a year, but some Republicans have been advocating for a boost&nbsp;to $40,000 a year. The&nbsp;final draft includes a $40,000&nbsp;cap, but limits it for&nbsp;five years. 
This has drawn criticism from many Republican senators who believe it&#8217;s too generous, while&nbsp;House Republicans are not fully&nbsp;satisfied either.
The updated bill also introduces&nbsp;a new production tax credit&nbsp;for metallurgical coal, used in steelmaking, aligning&nbsp;with GOP support for the&nbsp;fossil fuel industry. The bill notably reduces&nbsp;subsidies for clean power sources&nbsp;like wind and solar, along&nbsp;with tax credits for buying&nbsp;electric vehicles,&nbsp;and instead includes incentives for&nbsp;the coal industry.
The new text also provides&nbsp;a bonus incentive for advanced&nbsp;nuclear facilities built in communities&nbsp;with high levels of employment&nbsp;in the nuclear industry. Additionally,&nbsp;the bill makes metallurgical coal&nbsp;eligible for the advanced manufacturing&nbsp;production tax credit through 2029.
<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">Senate bill includes a coal subsidy. <a href="https://t.co/pK24smjPZZ">pic.twitter.com/pK24smjPZZ</a>
&mdash; Gregory Brew (@gbrew24) <a href="https://twitter.com/gbrew24/status/1938995340679540957?ref_src=twsrc%5Etfw">June 28, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: The advancement of this bill marks a significant step in the Trump administration&#8217;s legislative agenda. The proposed tax breaks and spending cuts could have far-reaching impacts on the economy and public services. 
However, the bill&#8217;s future remains uncertain due to the lack of unanimous support within the GOP and staunch opposition from Democrats. The coming days will be crucial in determining the fate of the &#8220;One Big Beautiful Bill Act.&#8221;
Read Next
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Trump's Major Bill Advances In Senate Amid Late-Night Vote, SALT Provision Compromise Stirs Controversy

Citadel LLC founder Ken Griffin says the quickest way to know whether you're in the right job is to ask if you still crack open the textbooks.
What Happened: "Stay current in the body of knowledge that represents the career you've chosen," he told S&amp;P Global's Leaders <a href="https://www.spglobal.com/en/research-insights/podcasts/leaders/ken-griffin-on-building-citadel-ai-and-independent-thinking">podcast</a>, released this week. "And by the way, if it's not interesting to you, you picked the wrong career. It's that simple."
Griffin, whose net worth Forbes <a href="https://www.forbes.com/sites/chasewithorn/2025/04/01/forbes-worlds-billionaires-list-2025-the-top-200/">pegs</a> at about $42 billion, still carves out time to study credit research 35 years into running the hedge-fund giant. &#8220;We hire endless numbers of really bright undergraduates. Some of them have this belief that when you graduate from college, you&#8217;re done reading textbooks, and nothing can be further from the truth,&#8221; he said.
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He pointed listeners to &#8220;published literature&#8221; or other academic literature accessed via Google Scholar, highlighting his call to "always, always be immersing yourself in the literature."
See also: <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/06/46131850/none-of-that-matters-kevin-oleary-says-you-might-have-to-sacrifice-your-marriage-your-dog-and-even-your-moms-love-to-succeed">&#8216;None Of That Matters&#8217; — Kevin O&#8217;Leary Says You Might Have To Sacrifice Your Marriage, Your Dog, And Even Your Mom&#8217;s Love To Succeed</a>
&#8220;I can't tell you how many S&amp;P books I've read over the years and how to think about credit risk because we've invested in credit for 35 years,&#8221; explained Griffin.
Why It Matters: The 56-year-old urged young professionals to "read books that speak to the domain knowledge of the job you have" and switch fields early if that reading feels like drudgery. Moving across industries, he added, signals the "agility and flexibility to take on new challenges" that future bosses prize.
Griffin in a previous interview told Stanford Business students that they&#8217;ve very liked &#8220;screwed up&#8221; their degrees if they end up &#8220;the <a href="https://www.benzinga.com/news/management/25/05/45183198/citadel-kingpin-ken-griffin-warns-being-smartest-in-the-room-means-youve-screwed-up-your-mba">smartest person in the room</a>.&#8221; Griffin urged students to keep surrounding themselves with the sharpest minds to ensure there&#8217;s always more to learn.
Citadel&#8217;s own culture of constant learning has paid off, as evidenced by its flagship Wellington fund&#8217;s progress. The fund gained 1.3% in April despite volatile markets, reveals a WSJ <a href="https://www.wsj.com/finance/investing/citadel-sidesteps-aprils-market-swoons-to-post-gains-across-its-funds-6cf7969e">report</a>, lifting year‑to‑date returns back into positive territory.
Photo Courtesy: donatas1205 on Shutterstock.com
Read next: <a href="https://www.benzinga.com/news/health-care/25/06/46131597/bill-gates-says-he-knows-for-a-fact-that-more-children-will-die-due-to-us-health-aid-cuts-and-hes-taking-the-proof-to-congress">Bill Gates Says He Knows For A &#8216;Fact&#8217; That More Children Will Die Due To US Health Aid Cuts And He&#8217;s Taking The &#8216;Proof&#8217; To Congress</a>

Ken Griffin Says If You Think You're Done With Textbooks After College, You Need 'A New Career'

American credit card debt has surged to an astronomical $1.18 trillion, with a significant number of individuals reportedly concealing their financial predicaments.
What Happened: Nearly 40% of&nbsp;Americans saddled with credit card&nbsp;debt have been dishonest about&nbsp;their financial situation. The report, based on a survey conducted by&nbsp;LendingTree, discloses that individuals with higher income are more prone to hide their debt.
Since 2021, credit card balances have seen a significant increase from a low of $770 billion, a rise partly attributed to government checks issued during the pandemic.
The situation has since deteriorated, with almost half of Americans feeling embarrassed about their debt levels and resorting to downplaying or concealing it.
The <a href="https://www.lendingtree.com/credit-cards/study/debt-lies/">report </a>also highlighted that 46% of Americans are now grappling with some form of credit card debt, with half of those earning six figures also in debt. 
Also Read: <a href="https://www.benzinga.com/news/25/04/44889438/survey-unveils-american-misconceptions-about-credit-card-debt-management">Survey Unveils American Misconceptions About Credit Card Debt Management</a>
Additionally,&nbsp;35% of women with credit&nbsp;card debt admit to it, as opposed to 21% of men. Baby&nbsp;boomers are more than twice&nbsp;as likely as Gen Zers&nbsp;or Millennials to be honest about their debt.
Why It Matters: Despite the escalating debt, LendingTree asserts that most Americans believe they have their credit card debt under control, irrespective of their comfort level in discussing it with their loved ones. 
This alarming trend of increasing debt and the accompanying denial could potentially lead to a financial crisis if left unchecked. 
The report underscores the urgent need for financial literacy and transparency in personal finance, to prevent the debt situation from spiraling out of control.
Read Next
<a href="https://www.benzinga.com/markets/25/02/43756938/ray-dalio-warns-of-looming-us-debt-crisis-says-america-faces-economic-heart-attack-without-fiscal-cuts" target="_blank" rel="noreferrer noopener">Ray Dalio Warns of Looming US Debt Crisis, Says America Faces ‘Economic Heart Attack' Without Fiscal Cuts</a>
Image: Shutterstock/Me dia

US Credit Card Debt Hits $1.18 Trillion As Americans Downplay What They Owe

The past week has been a whirlwind of developments in the artificial intelligence (AI) sector. From executive orders aimed at boosting AI development to corporate strategies and endorsements, the race for AI supremacy is heating up. Here&#8217;s a recap of the top stories that made headlines.
Trump&#8217;s AI Power Play
The Trump administration is reportedly preparing executive actions to strengthen the U.S. AI sector, with the goal of outpacing China in the global AI race. The proposed actions aim to alleviate power grid constraints and speed up data center construction, both of which are vital for AI development. This news comes from sources familiar with the matter, as reported by Reuters.
<a href="https://www.benzinga.com/markets/tech/25/06/46156509/trumps-ai-power-play-executive-orders-aim-to-outpace-china-rewire-us-grid-in-fight-for-tech-supremacy-report">Read the full article here.</a>
Masayoshi Son&#8217;s AI Ambition
SoftBank Group CEO Masayoshi Son has declared his intention to position his company as the leading platform provider in the artificial super intelligence (ASI) sector within the next decade. Son&#8217;s ambitious plan aims to rival major tech firms like Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Alphabet Inc.&#8217;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.
<a href="https://www.benzinga.com/markets/tech/25/06/46134697/softbanks-masayoshi-son-sets-sights-on-artificial-super-intelligence-domination-with-bets-on-openai-and-ampere-im-all-in">Read the full article here.</a>
See Also: <a href="https://benzinga.com/markets/tech/25/06/46156518/elon-musk-reacts-after-tesla-completes-autonomous-delivery-of-model-y-from-factory-to-customer-home-" target="_blank" rel="noreferrer noopener">Elon Musk Reacts After Tesla Completes Autonomous Delivery Of Model Y: From Factory To Customer Home Across Town, Through Highways</a>
Musk Endorses Nadella&#8217;s AI View:
Tesla CEO Elon Musk endorsed Microsoft CEO Satya Nadella's perspective on the practical impact of AI. Musk supported Nadella&#8217;s emphasis on AI's benefits to sectors like healthcare, education, and productivity. Nadella had stressed that AI must produce results that are "socially useful."
<a href="https://www.benzinga.com/markets/tech/25/06/46136541/elon-musk-backs-satya-nadellas-view-that-ai-must-produce-socially-useful-results-the-real-question-in-the-next-five-years-is">Read the full article here.</a>
AI-Driven Workforce Reduction at Amazon:
Amazon CEO Andy Jassy announced that AI will likely reduce the company's corporate workforce. This announcement has led to a stark warning from former Amazon Vice President Ethan Evans, who advises employees to adapt or face elimination.
<a href="https://www.benzinga.com/markets/equities/25/06/46110289/amazon-ceo-andy-jassy-warns-of-ai-driven-workforce-reduction-amzn-wont-keep-everyone-says-ex-vp-ethan-evans-in-warning-to-employees">Read the full article here.</a>
Nadella Praises Palantir&#8217;s FDE Model
Nadella praised Palantir Technologies Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) Forward Deployed Engineer model as "fantastic." This has sparked industry debate about the data analytics company's unique approach to product development.
<a href="https://www.benzinga.com/markets/equities/25/06/46109638/microsoft-ceo-satya-nadella-praises-palantirs-fde-model-as-fantastic-insiders-say-its-not-consulting-it-builds-the-product-customers-need">Read the full article here.</a>
Read Next:
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<li><a href="https://benzinga.com/markets/tech/25/06/46133153/tesla-robotaxi-has-a-major-advantage-over-rivals-waymo-and-zoox-says-gary-black-could-be-very-signif" target="_blank" rel="noreferrer noopener">Tesla Robotaxi Has A Major Advantage Over Rivals Waymo And Zoox, Says Gary Black: &#8216;&#8230;Could Be Very Significant&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>

Palantir's FDE Model Gets Praise, Softbank's Ambition, And Musk's Nadella Endorsement: This Week In AI

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